Full text of Treasury Bulletin : May 1982
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
T' Uca-^o/H ^-^^^^M^ 1 10 LIBRARY DEC 11982 ROOiVl 500/^. TREASURY DEPARTMENT DEPARTMENT OF THE TREASURY FISCAL SERVICE. BUREAU OF GOVERNMENT FINANCIAL OPERATIONS OFFICE OF THE COMMISSIONER WASHINGTON, POSTAGE AND FEES PAID DEPARTMENT OF THE TREASURY TREAS 5S3 - D.C. 20226 OFFICIAL BUSINESS PENALTY FOR PRIVATE USE. S300 FIRST CLASS Take stock in^mcrica. . Buy U. S. Savings Bonds IP-* May 1982 UNITED STATES TREASURY DEPARTMENT —oy^ I* OFFICE OF THE SECRETARY Treasury Bulletin DEPARTMENT OF THE TREASURY OFnCE OF THE SECRETARY WASHINGTON, D.C. The Treasury Bulletin is for sale b> Ihe SuperinlendenI of Documents, 20402 U.S. Government Printing Office. Washington. D.C. Subscription per year $55.00 domestic. $68.75 foreign. Single copy price ($4.75 domestic, $5.95 foreign.) CONTENTS Page - Treasury financing operations Ill FEDERAL FISCAL OPERATIONS FFO-l. - Sammary 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-A. - Undistributed offsetting receipts 8 FFO-5. - Budget outlays by function 9 FFO-6. - Investment transactions accounts in Federal securities (net).... FFO-7. - FO-1. - FO-2. FO-3. - - Trust funds transactions ,.... FEDERAL OBLIGATIONS Gross obligations Incurred within and outside the Federal Government by object class.... Cross obligations Incurred outside the Federal Government by department or agency Gross obligations Incurred outside the Federal Government, comparative statement by month ACCOUNT OF THE U.S. TREASURY UST-1. - Status of the account of the U.S. Treasury 78 CM-I-2. - Total liabilities to nonmonetary International and regional organizations by type, payable in dollars - part B 78 79 80 CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES 13 1^ 16 CM-II-1. - Total claims by type 81 CM-II-2. - Total claims by country 82 CM-II-3. - Total claims on foreigners by type and country reported by banks In the U.S 83 CM-II-4. - Banks' own claims, by type 84 CM-II-5. - Domestic customers' claims by type 85 SUPPLEMENTARY LIABILITIES AND CUIMS DATA REPORTED BY BANKS - U.S. 21 23 - MONETARY STATISTICS Currency and coin In circulation 24 - 77 CM-I-4. - Total liabilities by type and country Gold assets and liabilities of the Treasury FD-2. CM-I-1. - Total liabilities by type of holder CM-I-2. - Total liabilities by type, payable In dollars - part A 12 22 FD-1. 74 CAPITAL NOVEKENTS LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S. CM-I-3. - Total liabilities by country - FEDERAL DEBT - Summary of Federal debt 73 IFS-4. - Weighted average of exchange rate changes for the dollar II UST-2. - Elements of changes In Federal Reserve and tax and loan account balances Page IPS-3. - Nonmarketable U.S. Treasury bonds and notes issued to official institutions and other residents of foreign countries 25 Computed interest charge and computed interest rate on interest-bearing public debt 25 Interest-bearing public debt CM-III-1. - Dollar claims on nonbank foreigners 86 LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES CM-IV-1. - Total liabilities by type CM-IV-2. - CM-IV-3. - Total 87 Total liabilities by country 88 liabilities by type and country 89 CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES FD-3. - 26 CM-V-1. - Total claims by type FD-i. - Government account series 27 CM-V-2. - Total claims by country 91 FD-5. - 28 CH-V-3. - Total claims by type and country 92 FD-6, - Participation certificates FO-7. - Maturity distribution and average length of marketable CM-VI-1. - Foreign purchases and sales of long-term domestic Interest-bearing securities Issued by Government agencies TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS 29 interest-bearing public debt 30 Debt subject to statutory limitation 30 CM-VI-2. - 31 CM-VI-3. - Net foreign transactions in marketable U.S. Treasury bonds and notes by country CM-VI-4. - Foreign purchases and sales of long-term securities, latest date 95 CM-VI-5. - Foreign purchases and sales of long-terra securities, latest year 96 FD-8. - FD-9. - Status and application of statutory limitation FD-10. - Treasury holdings of securities PDO-1. - 90 PUBLIC DEBT OPERATIONS Maturity schedule of Interest-bearing marketable public debt securities PDO-2. - Offerings of bills securities 32 34 35 PDO-3. - New money financing through regular weekly Treasury bills 37 PDO-^. - Public offerings of marketable securities 39 PD0~5. - Unmatured marketable securities issued at a premium or discount 42 93 Foreign purchases and sales of long-term foreign securities.. FCP-I-1. - Nonbanklng firms' FCP-I-2. - 48 PDO-8. - Foreign series securities 49 CANADIAN DOLLAR POSITIONS 99 FCP-II-2. - Weekly bank positions 99 GERMAN MARK POSITIONS 51 SB-1. UNITED STATES SAVINGS BONDS - Sales and redemptions by series, cumulative 52 SB-2. - 52 SB-3. ~ Sales and redemptions by periods, series E through K 53 SB-4. - 55 SB-5. - Sales and redemptions by denominations SN-1. UNITED STATES SAVINGS NOTES - Sales and redemptions by periods Sales and redemptions by periods, all series combined Redemptions of matured and unmatured savings bonds 98 FCP-II-1. - Nonbanklng firms' positions PDO-9. - Foreign currency series securities issued to residents of foreign countries 98 positions Weekly bank positions 46 marketable securities 94 FOREIGN CURRENCY POSITIONS SUMMARY POSITIONS PDO-6. - Allotments by investor classes on subscriptions for public PDO-7. - Disposition of public marketable securities 93 56 FCP-III-1. - Nonbanklng firms' positions 100 FCP-III-2. - Weekly bank positions 100 JAPANESE YEN POSITIONS 101 Nonbanklng firms' positions FCP-IV-1. - FCP-IV-2. - Weekly bank positions 101 SWISS FRANC POSITIONS FCP-V-1. - Nonbanklng firms' positions 102 FCP-V-2. - Weekly bank positions 102 57 STERLING POSITIONS OFS-1. - OWNERSHIP OF FEDERAL SECURITIES Distribution of Federal securities OFS-2. - Estimated ownership of public debt securities TREASURY SURVEY OF OUNERSBIP TSO-1. - Summary of Federal securities 58 FCP-VI-l. - Nonbanklng firms' positions 103 59 FCP-VI-2. - Weekly bank positions 103 UNITED STATES DOLLAR POSITIONS ABROAD 60 TSO-2. - Interest-bearing marketable public debt securities by type and maturity distribution .....•• 61 TSO-3. - Interest-bearing marketable public debt securities by issue 61 TSO-4. - Securities Issued by Government agencies 64 TSO-5. - Securities Issued by Government-sponsored agencies 64 FEDERAL CREDIT PROGRAMS MQ-1. 65 HQ-2. - Treasury notes 65 MQ-3. - Treasury bonds 67 - Yields of Treasury securities AY-1. AVERAGE YIELDS OF LONG-TERM BONDS - Average yields of long-term Treasury, corporate, and municipal bonds 68 69 - Average yields of long-term Treasury, corporate, and municipal bonds •• 104 104 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS MARKET QUOTATIONS ON TREASURY SECURITIES - Treasury bills Chart FCP-VII-1. - Nonbanklng firms' foreign subsidiaries' positions FCP-VII-2. - Weekly bank foreign office positions ^^ GA-II-1. - Direct sales and repurchases of loans 106 GA-III-1. TRUST FUNDS - Civil service retirement and disability fund 107 GA-III-2. - Federal old-age and survivors insurance crust fund 108 GA-III-3. - Federal disability insurance trust fund 109 GA-III-4. - Federal hospital insurance fund lH GA-III-5. - Federal supplementary medical insurance trust fund 112 GA-III-6. - Railroad retirement accounts 113 GA-III-7. - Unemployment trust fund H* GA-III-8. - National service life Insurance fund 116 GA-:iI-9. - Investments of specified trust accounts H? INTERNATIONAL FINANCIAL STATISTICS IFS-1. - U.S. reserve assets ^1 IFS-2. - Selected U.S. 72 liabilities to foreigners Note: Details of figures may not add to totals because of rounding. Cumulative table of contents • 1 1^ III ^ay 1982 TBBASUKY FINANCING 0PKEATI0N8 the Issue of 3$5,000, $10,000, $100,000, and $1,000,000 for and $1,000,000 for the Issue of year notes and $1,000. $5,000, $10,000. $100,000. denominations of a Notel of 2-Yea r ction of that It would auction $5,250 million April 30, 1982, and to maturing notes of million 2-year notes to refund $4,048 of Series The notes offered were Treasury Notes new cash. raise $1 202 million payable on due April 30. 1984, with interest 1982. 30. April dated be to B-1984 A coupon rate of 13-7/8% In each year until maturity. October 31 and April 30 accepted on a yield were tenders which as to set after the deterndnatlon U on April the Treasury announced 10-year notes. 52-Week Bills $5,250 million of 364-day on April 8 tenders were Invited for approximately The mature April 21. 1983. and to 1982. 22. April dated be to Treasury bills and raise April maturing 22 bills 364-day of issue was to refund $4,261 million They totaled Tenders were opened on April 15. about $989 million new cash. accepted. Including $457 million of was million which $5,250 of million, $10,058 million of the bills Issued at noncompetitive tenders from the public and $1,350 for banks tor themselves and as agents the average price to Federal Reserve The average bank discount rate authorities. monetary International and foreign „s auction basis. April 21 and were received until 1:30 p.m., EST, at yields ranging accepted was million 55.252 which totaled 810,563 million, of Noncompetitive tenders up to 14.02%. price 99.754. from 13.95J, price 99.873, price yield of accepted tenders. 13.98%, average the at full In „ere accepted accepted from private tenders Competitive million. These totaled $1,174 9, 822 tenders also The $5,252 million of accepted investors totaled $3,678 million. from Federal Reserve banks as agents price average the at million included $400 for maturing monetary authorities In exchange tor foreign and International notes the for Tenders was 12.731%. 13-Week and 26-Week Bills In exchange Reserve ban.s for their own account Government accounts and Federal million. In April totaled $47,000 approximately $47,675 of amount the In maturing These issues were to refund bills In the 13-week $675 million new cash. million, resulting In a paydown of about million; In the 26-week series, there $4,700 of Issues four were there series, are Average rates for the new Issues were also four Issues of $4,700 million. for maturing securities. shown in the following table. Issues securities. addition in $525 process, lenders were the Bureau of to authorised at In Issued Federal tenders accepted were the and of from price and branches $10,000. $5,000. auction the In average regular weekly Treasury bills the at registered notes were Bearer and D.C. denominations accepted at banks Reserve Washington, Debt. of million tenders of received Public be $5,252 the to million of and $100,000. Date of issue Annual average rate (bank discount basis) $1,000,000. May Quarterly Financing the public at would sell to the Treasury announced that It 3bidding, up to $5,250 million of noncompetitive and competitive auction, under of 10-year notes of Series Bmillion and $4,000 year notes of Series M-1985, securities maturing «ay of pubUcly-held Treasury 1,92, to refund $6,368 million April on 15, 28 April 8 15 22 29 cash. and to raise $2,900 million new coupon A rate of the on 14-1/8% was set notes of Series M-1985 after the accepted on a yield auction basis. determination as to which tenders were dated May 17. 1982. due May 15, 1985, will be M-1985 series of notes November 15 and May 15 until maturity. interest payable semiannually on The with EDST. were received until 1:30 p.m., Tenders for the notes of Series M-1985 accepted at was million which $5,254 million, of Hay 4. and totaled $12,590 99.846 price 14.19%. to up 99.917. price 14.16%. from ranging yields average yield of accepted the at full In accepted Noncompetitive tenders were Competitive These totaled $1,499 million. 14.17%, price 99.893. tenders. In addition. totaled $3,135 million. Investors private from tenders accepted Federal Reserve allotted at the average price to $620 million of the notes were In exchange authorities monetary International banks as agents for foreign and for maturing securities. to addition in the million $5,254 of accepted tenders In the auction from $1,600 million of tenders exchange banks for their own account In Government accounts and Federal Reserve were process. accepted at the average price for maturing securities. the after the notes of Series B-1992 T.e auction basis. yield on a accepted determination as to which tenders were with May 17. 1982. due Hay 15, 1992. dated be will B-1992 series notes of maturity. November 15 and May 15 until Interest payable semiannually on coupon rate of , 13-3/4% was set on EDST, were received until 1:30 p.m., Tenders tor the notes of Series B-1992 at yields accepted was million of which $4,001 «,y 5, and totaled $8,263 million, Noncompetlt ve up to 13.80%. price 99.733. ranging from 13.73%. price 100.107. accepted tenders, 13.77%, of yield average the tenders were accepted In full at from Competitive tenders accepted These totaled $919 million. price 99.893. million. private investors totaled $3,082 in addition to the $4,001 million of tenders accepted In the auction from million of tenders were in exchange banks for their own account Reserve Federal and accounts Government process. accepted $941 at the average price for maturing securities. Payment for accepted tenders in both auctions was required to be completed or other funds maturing -tlons at Tenders were received in both l^edlately of the ^.blic Deb Bureau the at and Federal Reserve banks and branches Issued in notes were authorised to be Washington, D.C. Bearer and registered on or before May 17, 1982. in cash, 1 securities, available to the Treasury. . 13.399 IP May 1982 FEDERAL FISCAL OPEKATIONS, Table FFO-1. - Sammary of Fiscal Operatione (In millions of dollars) « Treasury Bulletin .FEDERAL FISCAL OPERATIONS, Footnotes to Table FFO-1 For detail see Table FFO-2. For detail see Table FFO-3. For detail see Table FFO-6. "s';::\"r.rirLsir:e^"a'„is?""'"^ decreases budget recclots a„H „„,.. t Of the pren,iu^s c^Ucted l^r thSj ^Lr!' receipts. " ''" The adjustment ''"" "> ">= ''— "" °°""' PrJor Prior ''^^"- ^'- -""— .^"l^-^-^^^ "'11 be .«de as lnfor„atlon becomes available. """"' "" "^''^ "^""^ of unavailable infomat on Zl,^ T Fo'i^etaTrsel^Xalu"^"?" Not available. '^ ^'' '^ '"^°-"'°" ^«°"- avafla^l"""- . . May 1982 FEDERAL FISCAL OPERATIONS, Table FFO-2. - Budget Receipts by Source (In millions of dollars) Income taxes Fiscal year Net or month budget receipts Corporation 230,799 263,224 279,090 298,060 81,232 355,559 399,561 463,302 517,112 599,272 98,093 112,092 122,071 123,441 32,950 144,857 165,254 195,331 223,763 256,007 1982 (Est.) 1983 (Est.) 628,365 665,098 n.a. 278,738 44,623 74,464 38,514 70,688 48,142 47,976 60,594 45.467 44,317 57,407 55,269 43,042 45,291 22,349 20,539 20,267 23,005 23,967 21,150 21,291 21,817 21,387 24,590 20,810 23,886 23,318 289,590 135,809 Fiscal 1982 to date Employment taxes and contributions Net Income taxes 1973 1974 1975 1976 T.Q 1977. 1978 1979 1980 1981 1981-Mar Apr May June July Aug Sept Oct Nov Dec I9e2-Jan Feb Har Social Insurance taxes and contributions 27,019 30,812 34.328 35,528 6,809 42,062 47,804 56,215 63,785 77,209 21,866 23,952 34,013 27.367 958 29,293 32,070 33,705 43,479 47,299 103,246 118,952 122,386 131,603 38,801 157,626 180,988 217,841 244,069 285,917 82,118 56,323 298,898 304,533 3,754 30,764 2,451 11,682 2.228 1,277 10.155 1.283 846 1,602 12,000 1,608 4,329 12,410 12,644 12,222 958 1,756 813 564 545 458 423 163 4,487 14,255 13,693 38,659 10,496 33,729 24,439 21,615 30,882 22,595 21,775 25,770 32,646 21,007 13,391 39,045 41,744 45,747 46,783 9,809 60,057 65,380 71,448 72,380 73,733 2,893 3,125 5,125 5,374 1,348 5,164 5,428 5,771 7,780 12,596 36,153 38,620 40,621 41,409 8,460 54,892 59,952 65,677 64,600 61,137 139,153 157,571 163,007 172,204 47,175 212,512 240,940 283,518 308,669 347,054 54,166 65,011 74,069 78,784 21,473 90,692 102,577 118,504 136,944 161,030 n.a. n.a. 51,595 64,608 345,330 369,141 183,986 199,214 183,986 199,214 10,203 10,899 1,894 16,411 2,721 2,397 10,040 2,934 1,877 11,087 3,212 3,055 8,435 1.617 1.528 883 618 1,007 790 1,381 1,669 1,133 867 8.586 9,371 1,011 15,792 1,715 1,607 8,659 1,265 745 10,220 2,473 1,293 6,910 22,279 48,030 11,508 49,521 26,153 23,222 39,540 23,820 22,520 35,990 35,119 22,300 20,301 14,775 17,738 15,057 14,380 13,101 14,563 13,433 14.261 13,161 13,233 13,556 12,554 17,964 14,775 17,738 15,057 13,865 13,101 14,563 13,433 14,261 30,600 7,696 7 38 1,763 1,525 Social insurance taxes and contributions Employment taxes and contrlbutlons-^Con. Old-age, disability, and bospltal Insurance 479 535 360 408 400 518 636 507 515 13,161 13,233 13,556 12,554 17,964 — Continued Unemployment Insurance Net contributions for other insurance and retirement Railroad retirement accounts Fiscal year or month Net Gross 1973 1974 1975 1976 1,190 1,412 1,490 1,525 328 1,909 1,823 2,190 2,313 2,464 T.Q 1977 1978 1979 1980 1981 1982 (Est.). 1983 (Est.). 1981-Mar Apr. . . May June. . July... Aug. . . Sept Oct Nov Dec 1982-Jan Feb Mar — Fiscal 1982 to date. . . 50 Refunds employment taxes and contributions Net unemployment Insurance Federal supplementary medical Insurance Federal employees retirement 53,687 64,476 73,709 78,376 21,473 90,292 102,059 117,868 136,437 160,515 Other retirement Treasury Bulletin .FEDERAL FISCAL OPERATIONS Table FFO-2. - Budget Receipts by Source-Continued (In millions of dollars) ^ay 1982 FEDERAL FISCAL OPERATIONS !6 O li- O ^ O 0) - ro = 5. < D o " o "- 01 *« c to OJ (1) £ i CO s I o ra Si <3 0) to CO o -D r m ° = — >. ^ o S 3: t c 3 <" to js ^ 3 O is™— to 0) *= c o =J TJ -O 0) (O IS tn .9(U o Q) /Y- ° c 10 CO " 2 E « ^ $ S 3 >. to' IT "to DC "^ = S to !5 <" iS c/3 ^ to 0) >, ™ c E o to tu z: to 5 ^ ^ Z CO .. Treasury Bulletin FEDERAL FISCAL OPERATIONS Table FFO-3. - Budget Outlays by Agency (In millions of dollars) Fiscal year or month Legislative branch 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 540 625 726 779 225 976 1,049 1.091 1,218 1,209 1982 (Est.). 1983 (Est.). 1,502 1,500 1981-Mar Apr. . . May June. . July... 105 98 98 Aug. . Sept. 94 135 97 109 119 128 110 118 . .. Oct Nov Dec 1982-Jan Feb Mar The judiciary of the to the President President Agriculture Department Commerce Department 637 3,733 4,015 3,572 3,525 1,221 2,487 3,450 2,631 7,507 7,010 10,028 9,767 9,725 12,796 3,850 16,738 20,368 20,636 24,555 26,030 1,368 1,455 1,583 2,020 534 2,607 5,239 4,072 3,104 2,226 730 900 92 100 6,639 11,500 33,642 27,000 2,149 10,000 162 1,018 660 796 247 459 1,802 1,546 1,456 2,117 1,123 2,750 604 3,146 3,072 4,793 4,573 2,984 4,394 217 246 234 231 214 175 185 212 163 162 179 165 165 480 564 45 45 43 80 45 64 42 46 47 63 45 50 99 . . Defense Department Fiscal year or month Funds appropriated 49 75 93 79 16 73 75 80 95 96 183 205 284 325 85 392 435 Fiscal 1982 to date. Executive Office 11 9 8 7 9 18 5 11 7 451 531 713 543 862 339 975 May 1982 FEDERAL FISCAL OPERATIONS Table FFO-3. - Budget Oatlays by Agency-Continaed (In millions of dollars) Treasury Department Fiscal year or month Justice 8 Treasury Bulletin FEDERAL FISCAL OPERATIONS, Table FFO-4. Undistributed Offsetting Receipts (In millions of dollars) Federal employer contributions to retirement funds Health and Human Services Fiscal year or month Federal old-age, disability, and hospital Insurance Defense Department Personnel Management Civil service retirement and disability fund Interest credited to certain Government accounts Other 1/ Total Soldiers' and Airmen's Home permanent fund Health and Human Services Federal old-age and survivors Insurance trust fund Federal disability insurance trust fund Federal hospital insurance trust fund Federal supplementary medical insurance trust fund 2/ 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 816 911 1,082 1,138 294 1,152 1,266 1,342 1,453 1,762 1982 (Est.) 1983 (Est.) 2,042 2.694 1981-Mar Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar Fiscal 1982 to date 141 146 146 146 152 182 182 160 160 159 335 172 986 2,101 May 1982 FEDERAL FISCAL OPERATIONS Table FFO-5. - ( Mar. Apr. May In June Budget Outlays by Function millions of dollars) July Aug. Sept. Oct. Dec. Jan. Feb. Har. Cuflula- tlve to date _!/ 809 Conparable period fiscal 1981 10 Treasury Bulletin FEDERAL FISCAL OPERATIONS Table FFO-5. Budget Outlays by Function -Continued - _ (In millions of dollars) ^ *"" '^'" Function ^^^1 '"°' "^^ FY 1982 '"^'' *"^- ^"''- °"- •'""• '^<=- f't- •'^°- «^>-- Cu»ula- able"' tlve to period fiscal 1981 U date Education, training, earployinent social services ;•••: ?"^^^!'=: , and • Proprietary receipts from the public... Intrabudgetary transactions ''°"^' 2."0 2.565 2,677 2,133 2,404 2,649 -4 - -« 1,955 2,656 -l - -2 - - -i -2 -2 -* -1 - -1 - 2.666 2,564 2,677 2,131 2,400 2,647 1,954 2,654 2,277 .3 2,248 161 2 198 ^-^'o _ ~ 2,160 2,198 2 .o ~ °, 2,245 _ 2.274 1953 i,^3J ~^ 13 182 13,182 ~^^ 16 179 16,179 ~^ 1,953 13,172 16,172 '^^^^^^^^^^^^'^^^=^^=^=^===^=^^==^=^=^=^^^=^=^=^^^=^==^^=^=^=^^= Health ?^:p:c;;;;-;;;;i;;;-f;;;-;;;-;:;u;;;; Intrabudgetary transactions ^°"^ '-'11 '-''' '-"i '-'H '-'H '-r, '-'H 7.163 8,766 45.524 -693 -664 -1.041 -1,035 '-"'i -490 37.6,2 -687 -1.032 -1.032 '^^i -2,7« ^.''^ -1,397 -no -I'oll -I'lf, '-IfsH llHy 5,757 6,259 5,645 6,122 6.141 5.838 6.599 6.276 6.173 6,421 5,711 5,841 6,578 35,798 31.121 ^'.^^^ ^^286 i8.65o 2o,484 i,.675 i8.,36 19.837 2o,,o2 i,.856 34.042 7,426 21,031 23.119 124.244 113.874 -72-1.676 -38 -79 -741 -54 -63 -866 -56 -685 -1,045 2.7n 2.013 19.24118,768 18,576 18,806 19,637 18,857 19,095 20,847 19.793 33.175 7,371 20.345 22.075 121,472 111,861 '-'"i Income security .— ?;!o":LX";;c;i;;;"f;;m-t.;;-p;;u;:;: Intrabudgetary transactions ''""' Veterans benefits and services ^"^^^^ Proprietary receipts from the public... Intrabudgetary transactions.... ^°"^ -31 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^=^^^^=^=^^=^=^^=^^=^=^==^=^:^=^=^^=^=^^==^^= 1.083 -54 -1 1'''28 • Proprietary receipts from the public... Intrabudgetary transactions ^°"^ 2.221 -52 -. 2,168 II 1,718 -47 1,839 -52 3.047 -52 839 -49 -I Ij 1. ' 1.671 ^ 1,786 2,995 789 2,062 -;o ^° 2.011 3.064 ^n '^° 905 sn -'° -2 3 270 i^ "'^ 814 ,1 -1-6 -46 1 963 -52 330 -58 17 34» 12,348 -309 ii «,-, 11,822 -301 1 1 -8 -3 12,031 11,517 '=, 2 ' 3,13 854 3,217 763 1,912 2,274 1-1 ---.____ 371 -t 352 It 350 382 483 -5 3 -17 x^i -13 352 340 381 479 2,309 2,345 "' '" "j '" -"^ ^-"^ 17 -27 -16 116 ill "-90 384 211 550 692 2.682 2.446 Administration of justice °'"-^^y/ -518 382 -5 465 343 -1 » 388 -j 385 397 395 1 "6 465 343 388 386 397 S:prr:;;;;-;;;;;;;rf;;m-;b;-p:;u;::: '" lit -11 "5 "2 -" "•"? Intrabudgetary transactions...! -15 21 I7 -I -J ^^,3,560 "' 310 393 506 242 397 386 -* 386 _ 371 10-2 n 395 ? ' _ Genera 1 government ''""^ 581 266 'II "" 508 " 'II 339 General purpose fiscal assistance ^o;rie;;;;";;;;;p;;'f;;;" ;;;••:;;;;;;; Intrabudgetary transactions °"^ Interest ^opS^i;;-;;;;;-;;-;;;;-;;;-;;;;:;;:; Intrabudgetary transactions.... ^°"' Undistributed offsettin receipt. g Net budget outlays - '! ^•'''t "i -* _ , '8 I'l'* 252 " 44 n ^-"^ 28 179 1,393 259 28 6,c46 28 129 - " " " " - - -4,567 - - 7,870 -108 -4,567 8.377 -87 -4,573 1,234 28 179 1,314 259 28 1,451 130 14 3,195 3,717 « ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^=^=^^^^=^=^=^=^=^^^=^:^^^^^=^^^^==^^=^^=^==^^^=^z= 'if, '•?" '»" 'if,] -76 '" '-^^IVhlW '-if, "-z -29 -37 371 4« -446 \. -11 -61 m 'J5? -541 5'"= ^•*" 7.023 11.674 6.164 7.320 6.436 -949-1,029-8.023 -688 -3,6 52 54,216 57,198 54,608 55,619 58,486 53,095 -874 -5 5 Source: Monthly Treasury Statement of Receipts and Outlays of the united States Government. 1/ Monthly totals may not add to cumulative due Co budget reclassifications. * Less than $500,000. ^-"^ ",707 7.457 8,039 "'" -520 "'°' -199 13.081 6.634 -1,973 -7.710 56,838 76,875 ""! -« "J°' -441 6.157 7,278 -2.216 -1.039 53.698 64,216 6.974 51. 75* ""' -68 -l''"' -1.771 40.882 "l-"!' -2,314 7.634 6,664 48,678 37,549 -1.018 -1.475 -1,680 -14,893 -14,306 45,937 57,826 63,549 361.505 325,825 \May 1982 ^^.^.^^^^-^^^^i^^^^ii^.^^^ FEDERAL Table FFO-6. - «iii^ FISCAL OPERATIONS Investment Transactions of Government Accounts in 22 Federal Securities (Net) (In millions of dollars) Health and Human Services Fiscal year or month Federal old-age and survivors Insurance trust fund Federal disability Insurance trust fund Federal hospital Insurance trust fund Housing and Urban Developnent Departaent Federal supplementary medical Insurance trust fund Federal Housing Admlnlstratlon Other Government National Hortgaee Assn. Partlclpatlon patli sale sales Other Labor Department Federal Insurance Admlnlstratlon Unemployment trust fund Other fund 2,298 2,217 2,175 -1,924 -913 -1,645 -4,443 -3,638 -3,751 -322 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 1982 (Est.) 1983 (Est.) -10,331 125 19ei-Mar Apr Hay June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar 630 2,759 725 -1,082 -416 -663 -1,622 -749 -1,453 -3,772 1,740 -2,049 1,444 Fiscal 1982 to date -4,839 792 391 -37 -1,227 -477 -2,211 1,338 3.642 1,897 1,181 222 531 148 -* 67 -36 3 65 36 2 117 -20 - - 390 1,000 1973 1974 1975 1976 T.Q Airport and airway trust fund - 878 1,058 593 261 27 -95 -313 17 -3-1 973 -338 -223 -46 349 272 -199 90 797 1 1 1 - 23 27 * * 1 * -32 208 226 1 * * -26 -17 102 -75 1 * -* -404 89 113 1.921 91 1 2 12 7 2 -47 1 114 2'373 7 104 -1 o73 3*530 4'276 -I -* -1 -36 10 - - -281 133 121 - - -4,116 -300 - - -1,274 150 16 8 -35 7 32 8 -125 5 -1 082 27 815 -2 8 - 15 5 - - -2 7 - - 9 - 7 - - - 308 3.650 -995 -139 1,529 -1,140 -694 442 -987 -1,149 265 -1,840 -3,963 27 7 7 37 25 - 681 157 -89 -1,017 • 2 -415 7 49 » -88 2 8 - 495 880 179 -62 1 130 18 8 - - 526 1,528 1,222 3 59 -336 46 - - Veterans Administration Highway trust fund Treasury Department National service life in- Office of Other surance fund 1,094 2,049 1,937 -505 -79 1,127 1,499 353 -566 -920 56 -679 -345 350 368 1981-Mar Apr Hay June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar -75 -59 -58 223 -62 -348 -261 -151 -60 -62 91 64 891 8 -253 -12 79 -432 -317 -159 -286 200 231 88 -38 -19 -28 52 41 55 30 272 178 111 215 25 219 268 207 105 26 30 27 42 » 141 40 54 33 23 23 Personnel Management Federal Deposit Insurance Corporation 537 Federal Savings and Loan Insurance Corporation 257 378 316 368 135 424 404 489 3,337 3,669 4,635 5,253 -755 7,428 7,134 8,220 9,948 10,936 470 -128 855 569 1,220 926 1.716 -553 -373 14,116 13.934 1.810 -24 2.000 150 225 404 183 41 266 30 -63 -45 -30 262 -46 -45 -11 -19 -3 -834 8 16 285 52 2,538 -94 2' 180 6 -19 -7 -600 436 94 -10 -8 41 -3 -8 -676 -809 -726 2.010 -785 -678 9 -9 16 100 282 3 -92 -428 39 301 121 6 -1,379 119 92 32 50 Postal Service Railroad Retireraent Board -* ri65 -4 938 37 45 64 79 108 - -881 263 -47 118 28 190 100 146 29 - 841 541 1982 (Est.) 1983 (Est.) 187 * 14 295 -1,609 -1,674 -118 -62 -148 -60 1,046 -711 183 534 441 691 8 2.083 2,042 40 525 -282 2,511 -723 -409 1977 1978 1979 1980 1981 9 15 -8 4,480 1,989 Transportation Department Fiscal year or month 5 12 3,525 -5,087 -285 -95 -94 -131 -180 -494 6 1 223 784 1,406 1.493 3,535 918 -138 -4 184 200 1,230 2,092 -4.282 49 15 299 63 - 988 1.789 953 -416 -737 110 31 • All other * • 12 Treasury Bulletin FEDERAL FISCAL OPERATIONS Table FFO-7. October 1, - 1981 Trust Funds Transactions through March 31, 1982 (In millions of dollars) Receipts In trust funds Outlays In trust funds Receipts of trust funds Trust Interfund and proprietary receipts Classification (trust funds) Interfund transactions 2/ 1/ Unified budget receipts attributable to trust funds 1' (2) Federal old-age and survivors insurance Federal disability insurance... Federal hospital Insurance Federal supplementary medical Insurance Federal employees retirement... Federal employees life and health benefits Federal Deposit Insurance Corporation Airport and airway General revenue sharing '•iShway bl.ili 9,553 18[258 ''°"1 (5) 61,673 9,553 18,247 414 2,058 2,2 78 g gqg 1,865 7,976 7 7,033 7,969 7,033 5,921 2 271 4,567 3,845 304 520 108 4 3 Black lung Military assistance advances... Railroad retirement Unemployment Veterans life Insurance All other trust funds O) 271 557 '845 '3Q5 5,315 1*597 7*102 '592 5,315 235 722 441 130,674 7,875 1,597 7,102 357 281 -1 23 2,4U 357 Outlays In trust funds— Continued Outlays of trust funds Classification (trust funds) Outlays of trust funds 59,395 9,139 16,189 4,567 3,325 196 1,575 4,691 1982 'JAay 13 FEDERAL OBLIGATIONS "Obligations" are the basis on which the use of funds Is controlled In the Federal Government. They are recorded at the point at which the Government makes a firm commitment to acquire goods or services and are the first of che four key events —order, In general, they consist of orders placed, contracts awarded, services received, and similar transactions requiring the disbursement of money. The obllgatlonal In gauging stage the Government of impact of the transactions Government' s Is a strategic on the compensation, whether the personal services are used in current 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 reimbursements. records Incurred operations All payments for salaries and wages, for example, are reported as personnel delivery, payment, consumptlon- -vhlch characterize the acquisition and use of resources. point ultimate purpose. outside within the Government. Table In Government the are Tables FO-1, obligations distinguished FO-2 and from those show only 3 those that are incurred incurred outside. national economy, since It frequently represents for business firms the Government Inventory commitment which purchases and occur for months after stimulates the investment, business of labor. Government places employment Its order but Obligation data including Disbursements may the not order Itself usually causes immediate pressure on the private economy. Obligations are classified according to a uniform set of categories which are based upon the nature of the transaction without regard to Its first published fund accounts for In the were the administrative budget fund accounts were September 1967 Treasury Bulletin and the trust first published in the October 1967 budget concepts adopted pursuant to the recommendations President's Commission on Budget Concepts. Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by Object ClasB, October 31, 1981 (In millions of dollars) Gross obligations incurred Object class Personal services and benefits Personnel compensation Personnel benefits Benefits for former personnel Contractual services and supplies Travel and transportation of persons. Transportation of things Rent, communications, and utilities.. Printing and reproduction Other services Supplies and materials Acquisition of capital assets Equipment Lands and structures Investments and loans Grants and fixed charges Grants, subsidies, and contributions. Insurance claims and indemnities Interest and dividends Refunds Other Unvouchered Undistributed U.S. obligations Gross obligations Incurred^/ Source: Reports on Obligations, Standard Form 225, from agencies. For Federal Budget presentation a concept of "net obligations incurred" is generally used. This concept eliminates transactions within the Government and revenue and reimbursements from the public which by statute may be used by Government agencies without appropriation action by the Congress. Summary figures on this basis follow. (This data is on the basis of Reports on Obligations received from the agencies prior to reports submitted for Budget _!/ Bulletin. Beginning with the April 1968 Bulletin, the data are on the basis of the 7,170 7 89 1,281 298 275 586 105 7,558 5,177 2,58A 344 1.881 9.711 20.300 7.772 136 150 347 40 3,452 2,544 811 474 5 8 20 2,045 93 19 173 -109 5 of the : " 14 Treasury Bulletin .FEDERAL OBLIGATIONS , Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, October 31, 1981 (In millions of dollars) Personal services & benefits Contractual services and supplies Classification Benefits Personnel compen^'"'°" U Legislative Branch The Judiciary Executive Office of the President!!!!!!!!!!!." Funds appropriated to the President: International security assistance International development assistance... Other Agriculture Department: Commodity Credit Corporation °^^" for former personnel ^, 16 2 ' * ^ !!!! Commerce Department Personnel benefits Travel and transportatlon of persons ,32 ,r^ Defense Department; Military: Department of the Army Department of the Navy Department of the Air Force Defense agencies !!!!!! , j^. 34 \ Ibb 50 06 \\ah !!! '.c. ] Total military 4^974 1,178 ^ "^" Education Department Energy Department ]!]!!]]! Health and Human Services Department Housing and Urban Development Dept.: Government National Mortgage Association Housing for the elderly or handicapped 2/ 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 Protection Agency, ...! 1 !! 1!! [] National Aeronautics and Space Administration .'.*.*.*.'.".'.*.' Veterans Administration Other independent agencies; Export-Import Bank of U,S .'.".*.*.".'.*." General Services Administration " Small Business Administration Tennessee Valley Authority "'•"^ « 18 ." 289 .' 35 129 i?? so 3^ 202 * ' .* 0-19 1 393 j 59 ,1 q. !!!!! "°"^ 10' 7,170 Off-budget Federal agencies Postal Service Rural Electrification Administration revolving funds V j j^. Total Off-budget Federal ^^^'^'^ 10 24 [ 1,323 1.281 Transportation of Rent, communlcatlons, ^""8= ""-i and repro- utilities duction Printing Other services Supplies and Uay 1982 15 .FEDERAL OBLIGATIONS. Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, October 31, 1981-Continued (In millions of dollars) Grants and fixed charfies Acquisition of capital assets Classification Equip- Treasury Bulletin 16 FEDERAL OBLIGATIONS Table FO-3. Gross Obligations Incurred Outside the Federal Government - Comparative Statement by Month (In millions of dollars) Comparable period FY 1981 Object class Jan. Hational defense: Personal services and benefits: Personnel compensation Personnel benefits Benefits for former personnel Contractural services and supplies: Travel and transportation of persons.. Transportation of things Rent, communications, and utilities... Printing and reproduction Other services Supplies and materials Acquisition of capital assets: Equipment Land and structures Investments and loans Grants and fixed charges: Grants, subsidies, and contributions.. Insurance, claims and Indemnities Interest and dividends Refunds Other; Undistributed U.S. obligations Unvouchered Total national defense Non-defense: Personal services and benefits: Personnel compensation Personnel benefits Benefits for former personnel Contractual services and supplies: Travel and transportation of persons.. Transportation of things Rent, communications, and utilities... Printing and reproduction Other services Supplies and materials Acquisition of capital assets: Equipment Lands and structures Investment and loans Grants and fixed charges; Grants, subsides and contributions.... Insurance claims and idemnities Intrest and dividends Refunds Others; Undistributed U.S. obllgatons Unvouchered Total non-defense Grand total Mar. Feb. Apr. May 4,315 July Sept. Aug. 4,67A 4,004 3,562 4,948 4,711 133 1,106 4 77 72 78 73 72 45 34 137 1,110 1,111 1,113 1,174 1,157 1,168 189 1,172 5 1,108 1,173 1,176 1,180 173 155 235 224 221 334 13 19 41 2,934 3,419 4,699 4,948 5,684 3,965 3,750 4,501 845 2,482 4,078 4,381 3,924 166 131 134 157 205 288 214 276 -47 166 294 139 167 173 31 86 207 32 14 48 6,667 4,312 3,629 2,503 3,845 3,565 3,988 3,971 2,075 1,895 2,629 2,249 2,569 270 147 308 3,065 374 2,706 203 * * * 4,230 132 164 225 -24 2,735 5,429 2, 798 319 56 98 256 338 171 117 19 5 186 241 221 119 3,037 3,522 2,237 3,333 2,177 4,161 2,758 3,163 239 2,634 244 125 205 206 274 -94 3,361 3,299 2,195 403 4,263 188 4,649 4,987 89 1,180 230 188 270 121 2 5 5 4 -1 3 132 -130 2 7 13 3 16 50 11 10 19 8 52 24 10 2 1 2 14 -• 12 3 2 -2 1 1 2 2 _ _ _ 9 3 2 3 4 2 3 3 _ _ _ 17,655 12,507 17,476 15,988 14,039 16,198 16,024 16,345 21,648 19,253 2,399 2,290 2,335 2,220 2,579 2,323 2,490 2,183 56 20 -47 20,579 14,132 16,100 2,227 2,117 2,546 2,392 2,182 « « -» * * * * * - 75 -61 164 127 149 115 461 13,211 101 90 60 217 74 55 73 36 170 26 92 75 198 60 93 81 297 83 65 203 127 119 53 69 222 60 3 51 69 ,886 992 2,069 813 1,415 333 2,203 2,298 1,488 115 543 4,587 1,517 68 87 316 63 1,874 1,212 149 187 20 238 3,381 1,708 7,808 19,758 7,381 -232 7,247 19,123 7,290 554 - 1 * 630 160 119 -9 82 87 92 41 2.060 868 89 69 205 58 3,011 601 69 229 48 ,123 539 215 39 ,227 601 445 3,927 229 438 3.021 220 340 2,987 231 630 ,462 92 617 2,540 3,779 6,644 24,985 7,210 11,225 4,513 5,490 25,934 9,992 12,732 7,896 19,382 19,663 6,752 6,403 13,410 19,054 6,574 90 92 88 124 47 36 92 169 743 44 512 50,726 30,860 63,385 71,305 44,991 79,486 210 61 2,234 1,691 121 192 59 16,141 I 2 91 82 101 731 246 137 129 511 533 2,063 642 2,298 278 116 341 415 467 ,062 3,556 102 223 1,881 May 1982 17 .FEDERAL OBLIGATIONSTable FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by Object Class, November 30, 1981 (In millions of dollars) Gross obHgaClons Incurred Object class Personal services and benefits Personnel compensation Personnel benefits Benefits for former personnel Contractual services and supplies Travel and transportation of persons. Transportation of things Rent, communications, and utilities.. Printing and reproduction Other services Supplies and materials Acquisition of capital assets Equipment Lands and structures Investments and loans Grants and fixed chatRes Grants subsidies, and contributions. Insurance claims and Indemnities Interest and dividends Refunds , Other Unvouchered Undistributed U.S. obligations Gross obligations incurred^/ 14 : : . : Treasury Bulletin 18 FEDERAL OBLIGATIONS, Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, November 30, 1981 (In millions of dollars) Personal services & Classification Benefits Personnel compen- Legislative Branch \_/ 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 . Defense Department; Mi litary Department of the Array Department of the Navy Department of the Air Force Defense agencies 5 68 A05 4 126 1 3,255 29 A6 567 69 281 248 99 69 427 , Off-budget Federal agencies 3/ Postal Service Rural Electrification Administration revolving funds Total Off-budget Federal agencies Transportation of things 79 Civil Total for former personnel Travel and transportation of persons 43 Total military Education Department Energy Department Health and Human Services Department... Housing and Urban Development Dept. Government National Mortgage Association Housing for the elderly or handicapped 2J 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 Protection Agency National Aeronautics and Space Administration Veterans Administration Other independent agencies: Export-Import Bank of U.S General Services Administration Small Business Administration Tennessee Valley Authority Other Personnel benefits Contractual services and supplies benefits 454 50 125 780 2 117 22 193 211 Rent communi cat ions and utilities Printing , , and reproduction Other services Supplies and materials May 1982 19 FEDERAL OBLIGATIONS, Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, November 30, 1981 - (In millions of dollars) Grants and fi xed char ges Classification Continned A . Treasury Bulletin 20 .FEDERAL OBLIGATIONS Table FO-3. - Gross Obligations Incurred Outside the Federal Government Comparative Statement by Moatk (In millions of dollars) Fiscal year to date Object class July National defense; Personal services and benefits: Personnel compensation Personnel benefits Benefits for former personnel Contractural services and supplies: Travel and transportation of persons.. Transportation of things Rent, communications, and utilities... Printing and reproduction Other services Supplies and materials Acquisition of capital assets: Equipment Land and structures Investments and loans Grants and fixed charges: Grants subsidies, and contributions. Insurance, claims and inderanlcies Interest and dividends Refunds Other: Undistributed U.S. obligations Unvouchered , Total national defense Non-defense: Personal services and benefits: Personnel compensation Personnel benefits Benefits for former personnel Contractual services and supplies: Travel and transportation of persons.. Transportation of things Rent, communications, and utilities... Printing and reproduction Other services Supplies and materials Acquisition of capital assets: Equipment Lands and structures Investment and loans Grants and fixed charges: Grants, subsides and contributions.... Insurance claims and idemnitles Intrest and dividends Refunds Others: Undistributed U.S. obligatons Unvouchered Total non-defense Grand total 4,078 A, 00 A 1 , 106 131 86 207 32 3,629 2,303 2,249 147 * 5 3 2 - 20 14,132 2,117 1 160 92 41 192 59 2,060 868 229 438 3,021 11,225 4,513 5,490 92 92 169 30,860 44,991 Aug. Sept. Comparable period FY 1981 — s May 1982 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' accounts with the Federal Reserve banks and branches and in tax and loan accounts. As the balances In the accounts at the Federal Reserve banks become depleted, they are restored by calling in (withdrawing) funds from thousands of financial Institutions throughout the country authorized to maintain tax and loan accounts. Deposits to tax and loan accounts occur in the norraal course of business under a uniform procedure applicable to all financial institutions whereby customers of financial institutions deposit with them tax payments and funds for the purchase of Government securities. In most cases the transaction Involves merely the transfer of funds from a customer's account to the tax and loan account in the same financial Institution. On occasions, to the extent authorized by the Treasury, financial Institutions are permitted to deposit in these accounts proceeds from subscriptions to public debt securities entered for their own account as well as for the accounts of their customers. Under authority of Public Law 95-147, the Treasury implemented a program on November 2, 1978, to invest a portion of Its operating cash in obligations of depositaries maintaining tax and loan accounts. Under the Treasury tax and loan investment program, depositary financial Institutions select the manner in which they will participate in the program. Depositaries that wish to retain funds deposited in their tax and loan accounts in Interest-bearing obligations participate under the Note Option; depositaries that wish to remit the funds to the Treasury 's account at Federal Reserve banks participate under the Remittance Option. Table UST-1. - The tax and loan system permits the Treasury to collect funds through financial Institutions and to leave the funds In Note Option depositaries and in the financial communities In which they arise until such time as 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 .\ecount of the U.S. Treasury (In millions of dollars) Treasury operating balance End of fiscal year or month Funds In process of collection through 1/ Available funds in demand accounts at: Total Federal Reserve Treasury tax and loan note Other deposl- 3/ Federal Reserve Other depositaries 4/ Time deposits and other interestbearing demand accounts Other demand accounts 5/ Coin, currency, and coinage metal Miscellaneous Gold balance Balance In account of Items 6/ the U.S. 22 Treasury Bulletin .ACCOUNT OF THE Table UST.2. - Elements of Changes in Federal U.S. trttacitpv Reserve and Tax and Loan Note Account Balances (In millions of dollars) Credits and withdrawals _. Federal Reserve accounts 1/ , Fiscal year ^^ "o^th Received directly 1973 1974 1975 1976 Withdrawals 3/ " " - JO, ,o„ ;:;• "2,427 m*.282 'i^''^ 8°'-"^ 1977 1978 1Q70 208,434 872,627 L"'?' 552,116 ::;;:;;;:::: 1981 :::::::::: 1981-Apr. . ?^^f" A\Yl\ 1,372,394 Nov 148,202 111,375 132,073 111.136 112,817 112,950 105,885 iuj,ooj IIS AAV 118,667 ,„„, f'^ 1982-Jan 131.662 ^nKL'.^ 108,455 ^1 June . , f^** *"S 5=P' „ It ;°'i" 161,039 or month 1973. Received through remlttance option tax and loan depositaries o"'"" T.Q ; Proceeds from sales of securities A/ _ .'.' jjj ,.„ w^if "•?" 80,177 7,439 6.337 8,250 6 tTax and. loan note accounts , . Credits 2/ 801 6 525 6.525 '.729 6,782 ^ ,,„ 6,659 8,679 ^',,, 6.765 1.047 9?| 1.231,660 1,453,153 154,213 119,884 139*688 7'938 o'La U9,669 ^''^ 119,754 637 OJ/ 125,401 <J5,3I3 139 515 111,236 120:757 8,499 160,165 112 II.!, Marketable Issues 10,571 9,072 2,897 8 3 , May 23 1982 .ACCOUNT OF THE Table UST-3. - U.S. TREASURY. Gold Assets and Liabilities of the Treasury (In millions of dollars except ounces) Gold assets 1/ End of calendar year or month Gold liabilities 2/ 1973 1974 1975 1976 1977 1978 1979 1980 1981 273,954,660.5 27 5,968,413.1 1981-Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar Apr 264,166,565.4 264,166,547.3 264,167,69 3.7 264,168,053.8 264,168,047.8 264.126.046.2 264,119,113.7 2 74, 705, 260. 274,679,167.8 277,544,111.9 276,420,310.8 264,601 798.2 264,318,385.8 , 264,1 08, 840. 264 , 1 1 5 348. 7 264 , 1 08 ,840. 264, 108,840.8 264,082,384.5 264,075, 579.3 264,066,869.3 Daily Treasury Statement through June 1974, Bureau of Government Financial Operations thereafter. Treasury gold stock which excludes gold held by the Exchange Stabilization Fund. See "International Financial Statistics," Table Source: _1_/ IFS-1. Z_l Gold assets were valued at $38 per fine troy ounce until October 18, 1973, when they were revalued at $42.22 pursuant to the amending of section 2 of the Par Value Modification Act, Public Law 93-110, approved September 21, 1973. The increment amounted to $1,157 million. 1,567 1,652 1,599 1,598 1,719 1,671 1,172 1,160 1,151 0,460 1,652 1.599 1,598 1,719 1,154 1,154 1,154 1,154 1,154 1,152 1,152 1,132 1,151 1,151 1,150 1,150 1,149 1,154 1,154 1,154 1,154 1,154 1,152 1,152 1,152 1,151 1,151 1,150 1,150 1,149 1,671 1,112 1,160 1,151 Balance of gold in U.S. Treasury account 24 Treasury Bulletin MONETARY STATISTICS, Table MS-1. - Currency and Coin in Circulation (In millions of dollars except per capita figures) Currencies pr Currencies no longer issued End of fiscal year or month Federal Reserve bank notes National bank notes Gold certiflcates 1/ Silver certlflcates Federal Reserve notes 2/ Treasury notes of 1890 .. May 1982 23 FEDERAL "^""^ Table FD-1. - Summary of Federal Debt (In millions of dollars) Amount outstanding End of fiscal year or month 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 1981-Har. Apr. May.. June. July. Aug.. Sept. Oct.. Nov.. Dec. 1982-Jan. Feb.. Mar.. 26 Treasury Bulletin .FEDERAL DEBT. Table FD-3. - Interest-Bearing Public Debt (In millions of dollars) Total interestbearing public debt End of fiscal year or month 1973 1974 1975 1976 456.353 473,238 532, 122 619,254 633, 560 697,629 766,971 819,007 906,402 996,495 T.q 1977 1978 1979 1 980 1981 1981-Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar Apr 962 779 964 . 792 969,921 , 972,053 978,920 996 ,495 999,451 1 1 ,011 ,936 ,027 ,300 1,032,678 1 ,042, 1 98 1,059,815 1 ,064 538 , Marketable Treasury Wonmarketable bills Treasury notes Treasury bonds 262,971 266,575 315,606 392,581 407,663 443,508 485,155 506,693 594,506 683,209 100,061 105,019 128,569 161,198 161,505 156,091 160,936 161,378 199,832 223,388 117,840 128,419 150,257 191,758 206,319 241,692 267,865 274,242 310,903 363,643 45,071 33,137 36,779 39,626 39,839 45,724 56,355 71,073 83,772 96,178 193,382 206,663 216,516 226,673 225,897 254,121 281,816 312,314 311,896 313,286 59,418 61,921 65,482 69,733 70,752 75,411 79,798 80,440 72,727 68,017 657,906 656,185 660,769 666,405 673,765 683,209 689,578 704,819 720,293 726,542 737,532 752,620 755,833 225,849 224,514 218,786 217,532 219,854 223,388 229,061 233,905 245,015 250,562 254,037 256,212 254,880 341,052 338,419 348,788 354,005 357,603 363,643 362,649 370,794 375,332 374,357 382,070 395,042 399,700 91,006 93,252 93,196 94,868 96,308 96,178 97,867 100,119 99,946 101,623 101,426 101,366 101,253 304,873 308,608 309,152 305,647 305,155 313,286 309,874 307,117 307,007 306,136 304,666 307,195 308,705 69,518 69,229 68,934 68,719 68,355 68,017 67,718 67,739 67,837 67,581 67,378 67,163 67,034 Wonmarketable - Continued End of fiscal year or month Investment series Depositary series Foreign series Government U.S. savings bonds 1 I May 1982 27 FEDERAL DEBT. Table FD-4. - Government Account Series (In millions of dollars) End of fiscal year or month Airport and 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 198 20 1981-Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar Apr 186,979 190,839 192,962 191,647 192,060 201,052 198,053 195,541 196,665 96 393 195,722 196,707 198,538 101,738 115,442 124,173 130,557 28,620 140,113 153,271 176,360 189,848 1 1 1 ,052 , 28 Treasury Bulletin .FEDERAL DEBT. Table FD-5. - Interest-Bearing Securities Issued by (In millions of dollars) End of fiscal year or month Government Agencies . May 1982 29 > FEDERAL DEBT. Table FD-6. - Partieipatiun Certificates (In millions of dollars - face amounts) Export -Import Bank of the United States Participation certificates Issued by GNMA acting as trustee End of fiscal year or month Education Department 1/ Sales 197 Retiremen ts 42 327 3 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 1981-Mar.. Apr. May., June. July. Aug. Sept. Oct. Nov. Dec. 1982-Jan.. Feb.. Mar.. . . . . Outstanding 576 Sales Retireraents Outstanding Sales Retirements Outstanding Health and Human Services Department 3/ Farmers Home Administration 2/ Sales Retirements Outstanding Sales Retirements Outstanding . Treasury Bulletin 30 .FEDERAL DEBT. Table FD-7. Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt Held by Private Investors (In millions Qf dollars) Maturity classes End of fiscal year or month Amount outstanding privately held 167,869 1973 19T, 1975 1976 T.Q 1977 1978 1979 1980 1981 1981-Mar.. Apr. May.. June. July. Aug. Sept. Oct. Nov.. . . Dec. . 1982-Jan. Feb.. Mar.. Within 1 year 1 - 5 years 5-10 years 10 - 20 years 20 years and over Average length 1/ Aay 1982 31 .FEDERAL DEBT. Table FD-9. .bligations -Inlted lilllon 30, Bond Act U.S.C. (31 and Application of Statutory Limitation Status 757b), of that guaranteed as States, shall and act, principal to exceed not 1982, the statutory 1, 1981, debt and the face amount interest by aggregate of shall be 1717(c)) June of face participations $400 temporarily act the National and ending on September limit that the Public Law 97-49 provides outstanding at any time. beginning on October in the The as provides that the face amount of obligations issued authority inder ;hat Liberty Second The mended, - 30, 1967 amount (Public Law beneficial 90-39) provides Interests and under section 302(c) of Association Charter Act issued Mortgage of the provisions are met. Increased by $679.8 billion. Part A. - Status Under Limitation, April 30, 1982 (In millions of dollars) Public debt subject to limit: Public debt outstanding Less amounts not subject to limit: Treasury Federal Financing Bank Total public debt subject to limit Other debt subject to limit: Guaranteed debt of Government agencies Specified participation certificates Total other debt subject to limit Total debt subject to limit Statutory debt limit Balance of statutory debt limit Federal U.S.C. during the fiscal year 1968 and outstanding at any time shall be added to the amount otherwise taken into account in determining whether the requirements of the above (12 n 32 Treasury Bulletin FEDERAL DEBT. Table FD-10. Treasury Holdings of Securities Issued by Government Corporations and Other Agencies 1982 33 FEDERAL DEBT Footnotes to Table FD-10 itW '•ml 1/ 110 I,IU !,«! Treasury Bulletin 34 PUBLIC DEBT OPERATIONS Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securitie Other than Regular Weekly and 52-Week Treasury Bills Outstanding, April 30, 1982 Un millions of dollars) Amount of maturities Amount of ntaturtties Held by 1/ Date of final maturity Issue date U.S. Govt. accounts and Federal Reserve banks 1982 All other Investors Held by 1/ Date of final maturity Issue date U.S. Govt. accounts and Federal Reserve banks All other investors May 1982 35 .PUBLIC DEBT OPERATIONS. Table PDO-2. - Offerings of Bills (Amounts in millions of dollars) Descrlptl Issue date 36 Treasury Bulletin I PUBLIC DEBT OPERATIONS, Table PDO-2. - Offerings of Bills - On total bid accepted Issue date Average price per hundred On competttlve bids accepted Equivalent average rate 6/ Htg'' Price per hundred Regular weekly: 1981-Dec. 3. 10. 17. 24. 31. 1982-Jan. 7. 14. 21. 28. Feb. 4. 11. 18. 25. Mar. 4. 11. 18. 25. Apr. 1. 8. 15. 22. 29. 52-weeks: 1981-Apr. May June July Aug. Sept. Oct. Nov. Dec. 23. 21., 18. 16.. 13. 10., 8. 5. 3. 31., 1982-Jan. Feb. Mar. Apr. Cash management 19ei-Dec. 1982-Jan. Apr. 28. 25. 25. 22., 97.370 94.590 97.370 94.554 97.194 94.138 97.210 94.015 97.045 93.707 10.400 10.701 10.404 10.772 11.101 11.595 11.037 11.838 11.691 12.448 97.053 93.791 96.936 93.526 96.839 93.376 96.622 93.160 11.658 12.281 12.121 12.806 12.505 13.103 13.364 13.530 96.499 93.000 96.436 92.956 96.274 92.740 96.838 93.582 13.851 13.846 14.099 13.934 14.739 14.360 12.430 12.695 96.853 93.536 96.952 93.901 96.737 93.447 98.827 93.593 12.449 12.786 12.059 12.065 12.908 12.962 12.553 12.673 96.613 93.305 96.741 93.528 96.752 93.479 96.841 93.570 96.848 93.610 V y W WV 2/ 10/ 11' W Equivalent rate 97.384 94.631 97.409 94.590 97.229 94.171 97.229 94.061 97.080 93.762 10.349 10.620 10.250 10.701 10.962 11.530 10.962 11.747 11.552 12.339 97.072 93.828 96.961 93.543 96.848 93.406 96.632 3.192 11.583 12.208 12.022 12.772 12.351 13.043 13.324 13.466 96.537 93.049 96.481 92.979 96.297 92.770 96.860 93.609 13.700 13.749 13.921 13.888 14.649 14.301 12.422 12.642 96.876 93.580 96.967 93.947 96.759 93.478 96.837 93.630 12.359 12.699 11.999 11.973 12.822 12.901 12.513 12.600 13.399 13.243 12.894 12.802 12.850 12.893 12.497 12.719 12.470 12.640 96.627 22/ 93.320 96.747 93.550 96.756 93.508 96.869 2V 93.610 24/ 96.870 93.640 13.344 13.213 12.869 12.758 12.833 12.841 12.386 12.640 12.382 12.580 86.865 85.215 86.708 86.112 85.296 84.777 85.258 86.695 98.377 87.360 12.991 14.623 13.146 13.735 14.542 15.056 14.580 13.159 10.506 12.501 86.916 85.306 25/ 86.765 86.158 26/ 85.389 84.833 85.298 22/ 86.771 89.439 87.462 12.940 14.533 13.090 13.690 14.450 15.000 14.540 13.084 10.455 12.400 86.711 86.674 87.352 87.128 13.143 13.179 12.509 12.730 86.841 28/ 86.724 29/ 87.391 13.014 13.130 12.470 12.692 95.774 94.419 99.192 11.186 12.326 14.548 13/ HI 17/ 9 W J_9/ 201 nj 30/ 87.167 : 7. 5., 2. Source: Monthly Statement of the Public Debt of the United States and allotments. The 13-week bills represent additional issue of bills with an original maturity of 26 weeks. For bills issued on or after May 2, 1974, includes amounts 2/ exchanged on a noncompetitive basis by Government accounts and Federal Reserve banks. For 13-week bills 26-week tender for §500,000 or less from any one _3/ bidder are accepted in full at average price or accepted competitive bids; for other issues, the correponding amount is stipulated in each offering announcement. Includes cash management bills issued Dec. 7, 1981. Includes cash management bills Issued Jan. 5, 1982. Bank discount basis. Except $1,895,000 at 97.396. 2/ S/ Except S20,000 at 94.648. Except 5200,000 at 97.422 and S130,000 at 97.421. Except SI, 000 000 at 94.774, $1,000,000 at 94.764, $1,000,000 at 94.755, $1,000,000 at 94.745. $1,000,000 at 94.735, $400,000 at 94.601, and $250,000 at 94.598. 11/ Except $250,000 at 97.144. Except $10,000 at 94.025, $250,000 at 93.832, $500,000 at 93.807, 21/ $500,000 at 93.781, and $60,000 at 93.770. 13 / Except $700,000 at 97.118. 14/ Except $800,000 at 93.565. U Continued 21/ 95.814 11.081 94.441 99.198 12.278 14.436 6^/ Price per hundred 97.361 Equivalent rate b/ May 37 1982 PUBLIC DEBT OPERATIONS Table PDO-3. - New Money Financing through Regular Weekly Treasury (Dollar amounts In millions of dollars) Description of Issue Issue date Maturity date Number of days to maturity Amount Bills 1/ Treasury Bulletin 38 PUBLIC DEBT OPERATIONS Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills U - Continued (Dollar amounts In millions of dollars) Description of issue Issue date Maturity date Number of days to maturity Amount of bids tendered Amount of bids accepted Average rate May 39 1982 .PUBLIC DEBT OPERATIONS Table PDO-4. - Public Offerings of Marketable Securities Other than Regular Weekly Treasury Bills (Dollar amounts In mtlllons) Date subscrip- Treasury Bulletin 40 PUBLIC DEBT OPERATIONS Table PDO-4. Offerings of Marketable Securitiee Other than Regular Weekly Treasury Bills-Continued - Public (Dollar amounts In millions) Date subscrip- May 1982 41 PUBLIC DEBT OPERATIONS, Footnotes to Table PDO-4 Bureau of the Public Debt. Source: All securities except EA & EO notes were sold at auction Note: through competitive and noncompetitive bidding. 1 / For maturing issues, see Table PDO— 7. 2 / For bill issues, always sold at auction, the rate shown is the equivalent average rate (bank discount basis) of accepted bids. Other securities issued at par except those sold at auction. For details of bill offerings see Table PDO-2. 3/ From date of additional issue in cause of a reopening. / In reopenings the amount issued is in addition to the amount of original offerings. 5 / As of the April 1982 issue of the Bulletin, includes securities issued to U.S. Government accounts and Federal Reserve banks; and to foreign and international monetary authorities, whether in exchange for maturing securities or for new cash. Yields accepted ranged from 12.60% (price 100.092) up to 12.72% 6/ (price 99.293) with the average at 12.69% (price 99.492). 7/ 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). 8 / 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). 9/ Prices accepted ranged from 106.10 (yield 9.75%) down to 104.84 (yield 9.95%) with the average at 105.27% (yield 9.88%). 10/ 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). 11/ 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). 12/ 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). 13/ 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). 14/ Yields accepted ranged from 8.94% (price 99.785) up to 9.011 (price 99.555) with the average at 8.99% (price 99.621). 15/ 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). 16/ 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). 17/ Yields accepted ranged from 9.85% (price 99.955) up to 9.90% (price 99.818) with the average at 9.88% (price 99.873). 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). 19/ 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%). 20/ 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). 21/ 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). 22/ 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). 23/ 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). 24/ 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). 25/ As a result of correcting an overstatement by a Federal Reserve Bank of the amount of noncompetitive tenders received, the total amount of accepted tenders was changed from $4,500 million to $4,315 Neither the average yield nor the amount or range of million. competitive tenders was affected. 2b/ 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). 27 / 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). 28/ 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). 29 / 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). Yields accepted ranged from 13.91% (price 99.941) up to 14.02% (price 99.755) with the average at 13.99% (price 99.805). 31 / Yields accepted ranged from 13.40% (price 100.211) up to 13.54% (price 99.698) with the average at 13.52% (price 99.771). 32 / Yields accepted ranged from 15.13% (price 99.992) up to 15.18% (price 99.908) with the average at 15.15% (price 99.958). 33/ 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). 34/ 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). 35/ 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). 37 / 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 $100 million. The average yield was not affected. 38/ 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). 39/ 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%). 40 / 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 rangj.i Itom 13.94% (price 99.890) up to 14.00% (price 99.789) with the average at 13.97% (price 9'., 139). Yields ranged from 13.74% (price 99.865) up to 13.74% (price 99.610) with the average at 13.79% (price 99.683). '* W W W W W 43 / Yields accepted ranged from 12.61 price L00.026) up to 12.6SZ (price 99.905) with the average a 2.651 (price 99.957). 44 / Yields accepted ranged from 13.46% price 99.744) up to 13.51% (price 99.953) with the average a 3.49% (price 99.653). 45/ Yields accepted ranged from 13.13% price 99.870) up to 13.26% (price 98.963) with the average a 3.21% (price 99.310). 46 / Yields accepted ranged from 13.24 price 100.025) up to 13.39% (price 99.355) with the average a 3.34% (price 99.577). 47 / Yields accepted ranged from 14.35 price 100.253) up to 14.63% (price 99.781) with the average a' 4.51% (price 99.983). 48/ Yields accepted ranged from 15.79% price 99.907) up to 15.82% 7price 99.838) with the average a 5.81% (price 99.861). 49 / Yields accepted ranged from 14.44 price 100.312) up to 14.60% (price 99.482) with the average a 4.56% (price 99.689). 50/ Yields accepted ranged from 13.85 price 100.177) up to 14.01% (price 99.053) with the average a 3.99% (price 99.192). 51 / Yields accepted ranged from 15.70% price 99.876) up to 15.74% (price 99.809) with the average a 5.72% (price 99.842). 52 / Yields accepted ranged from 13.84% price 100.131) up to 14.02% (price 99.460) with the average at 3.95% (price 99.720). 53 / Yields accepted ranged from 14.69% price 99.891) up to 14.74% (price 99.807) with the average a 4.72% (price 99.840). 54 / Yields accepted ranged from 13.98% price 100.060) up to 14.06% (price 99.821) with the average a 4.04% (price 99.881). 55 / Yields accepted ranged from 13.36% price 100.004) up to 13.49% (price 99.108) with the average a 3.45% (price 99.382). 56 / Yields accepted ranged from 13.95 price 100.199) up to 14.14% (price 99.369) with the average a 4.07% (price 99.674). 57 / Yields accepted ranged from 15.88% price 99.992) up to 15.95% (price 99.876) with the average a 5.92% (price 99.925). 58 / Yields accepted ranged from 15.94% price 99.870) up to 15.97% (price 99.795) with the average a 5.96% (price 99.820). 59/ Yields accepted ranged from 14.93% price 99.719) up to 15.02% (price 99.262) with the average a 4.98% (price 99.465). 60 / Prices accepted ranged from 98.99 (yield 14.00%) down to 98.46 (yield 14.08%) with the average a 98.58 (yield 14.06%). 61 / Yields accepted ranged from 16.20% price 100.083) up to 16.28% 6.26% (price 99.983). (price 99.950) with the average a 62 / Yields accepted ranged from 16.05% price 100.043) up to 16.19% 6.14% (price 99.733). (price 99.561) with the average a 63 / Yields accepted ranged from 16.03% price 99.950) up to 16.17% 6.12% (price 99.802). (price 99.719) with the average a 64 / Yields accepted ranged from 15.89% price 99.957) up to 15.93% 5.91% (price 99.899). (price 99.842) with the average a 65/ Yields accepted ranged from 15.72% price 100.062) up to 15.82% 5.78% (price 99.699). (price 99.458) with the average 66 / Yields accepted ranged from 15.33% price 100.186) up to 15.44% 5.40% (price 99.892). (price 99,725) with the average a 67/ Yields accepted ranged from 15.53% price 99.950) up to 15.59% with average 5.56% (price 99.900). (price 99.851) the a 68 / Yields accepted ranged fromm 14.36% (price 100.036) up to 14.46% 4.43% (price 99.870). (price 99.799) with the average price 99.582) up to 14.36% 69 / Yields accepted ranged from 14.33! 4.331 (price 99.582). (price 99.425) with the average a 70 / Yields accepted ranged from 13.98% price 100.141) up to 14.24% 4.10% (price 99.303). (price 98.342) with the average a price 100.130) up to 12.27% 71/ Yields accepted ranged from 12.051 2.22% (price 99.836). (price 99.750) with the average a 72 / Yields accepted at ranged from 12 79% (price 99.699) up to 12.85% 2.83% (price 99.550). (price 99.476) with the average a 73 / Yields accepted ranged from 12.97% price 100.051) up to 13.15% 3.06% (price 99.897). (price 99.744) with the average a 74 / Yields accepted ranged from 14.09% price 100.104) up to 14.22% 4.16% (price 99.896). (price 99.718) with the average a 75/ Yields accepted ranged from 14.20% price 100.229) up to 14.27% 4.25% (price 99.899). (price 99.767) with the average a 76/ Yields accepted ranged from 14.65% price 99.887) up to 14.84% 4.74% (price 99.502). (price 99.077) with the average a price 100.084) up to 15.11% 77 / Yields accepted ranged from 14.95% 5.08% (price 99.866). (price 99.816) with the average a price 100.130) up to 14.67% 78 / Yields accepted ranged from 14.57 4.63% (price 99.988). (price 99.894) with the average a 79/ Yields accepted ranged from 14.60% price 100.129) up to 14.72% 4.68% (price 99.716). (price 99.511) with the average a 80/ Prices accepted ranged from 96.68 (yield 14.47%) down to 95.75 (yield 14.56%). 96.08 average a with the (yield 14.61%) price 100.008) up to 15.26% 81/ Yields accepted ranged from 15.12 5.21% (price 99.858). (price 99.775) with the average a 82 / Yields accepted ranged from 13.96% price 99.965) up to 14.05% 4.01% (price 99.784). (price 99.639) with the average a price 100.076) up to 14.16% 83 / Yields accepted ranged from 14.08: 4.14% (price 99.975). (price 99.941) with the average a price 99.940) up to 14.08% 84 / Yields accepted ranged from 14.02 4.05% (price 99.851). average a with the 99.762) (price 85/ Yields accepted ranged from 14.38% price 99.957) up to 14.45% 4.42% (price 99.784). (price 99.655) with the average a price 99.873) up to 14.02% 86 / Yields accepted ranged from 13.95 3.98% (price 99.822). (price 99.754) with the average a 14.16! price 99.917) up to 14.19% 87 / Yields accepted ranged from 4.17% (price 99.893). (price 99.846) with the average a price 100.017) up to 13.80% 88/ Yields accepted ranged from 13.73 3.77% (price 99.893). (price 99.733) with the average a • p Less than $500,000. Preliminary. Treasury Bulletin 42 PUBLIC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securities Issued at a Premium Other than Advance Refunding Operations or Discount May 1982 43 .PUBLIC DEBT OPERATIONS, Table PDO-6. Description of securities 1984-Contlnued 6-3/8J 7-1/4J Bond - 8/15/84 - Unmatured Marketable Securities Issued at a Premium or Discount Other than Advance Refunding Operations - Continued Treasury Bulletin 44 .PUBLIC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount Other than Advance Refunding Operations - Continued De May 1982 43 PUBLIC DEBT OPERATIONS Table PDO-6. - Unmatured Marketable Secoritiea Issued at a Ezemicw or Discount Other than Advance Refunding Operations - Continued 46 Treasury Bulletin .PUBLIC DEBT OPERATIONS. Table PDO-6. - AUotmenU by Investor Clasaes on Subscription* for Public Marketable Securities Part A. - Other than Bills (In nllllons of dollars) 1' May 1982 47 PUBLIC DEBT OPERATIONS, Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part B. Bills Other than Regular Weekly Series (Dollar amounts In millions) 48 Treasury Bulletin} PUBLIC DEBT OPERATIONS Table PDO-7. - Disposition of Public Marketable Securities Other than Regular Weekly Treasury Bills (Dollar amounts In millions) Called or maturlna securities 1/ Date of refunding or reclre- Description Issue date 2^/ raent 4/01/80 4/29/80 4/30/80 5/15/80 5/27/80 5/31/80 6/24/80 6/30/80 6/30/80 7/22/80 7/31/80 8/15/80 8/15/80 8/19/80 8/31/80 9/16/80 9/30/80 9/30/80 1-1/2X 9.235Z 7-3/4Z 6-7/8Z 9.153J SX 8.829Z 7-5/8X 8-1/4Z 8.896Z 8-1/2Z 9Z 6-3/4Z 9.189% 8-3/8Z 9.893Z 6-7/8Z 8-5/8Z Note Bill Note Note Bill Note Bill Note Note 4/01/80-EA 4/29/80 4/30/80-N 5/15/80-A 5/27/80 5/3I/80-P 6/24/80 6/30/80-D Bill Note Note Note Bill Note Bill Note Note Note Amount outstanding 6/30/80-() 4/01/75 5/01/79 5/01/78 5/15/73 5/29/79 5/31/78 6/26/79 6/10/76 6/30/78 3.020 3,180 7,265 2,762 3,098 2,788 2,185 4,407 7/22/80 7/3I/80-R 8/15/80-B 8/15/80-H 8/19/80 8/31/80-S 9/18/80 9/30/80-E 9/30/80-T 7/24/79 7/31/78 8/15/74 8/15/77 8/21/79 8/31/78 9/18/79 9/14/76 10/02/78 3,389 4,164 4,296 4,133 3,545 3,545 3,556 2,141 3,906 10/01 /80-EO 10/14/80 10/31/80-U 11/06/80 11/15/80 10/01/75 10/16/79 10/31/78 11/13/79 10/03/60 11/15/77 11/30/78 12/11/79 12/07/76 1/02/79 3,454 3,790 3,903 1,723 4,600 3,195 4,133 2,692 3,546 1/31/81-P 2/I5/81-A 2/15/81-C 2/26/81 2/28/81-0 3/26/81 3/31/81-H 3/31/81-R 1/08/80 2/05/80 1/31/79 2/15/74 2/18/75 3/04/80 2/28/79 4/01/80 3/08/77 4/09/79 4,018 3,989 3,146 1,842 4,796 4,020 2,887 4,016 2,809 3,516 4/01/76 4/29/80 4/30/79 1/26/76 2/15/78 5/27/80 5/31/79 6/24/80 6/03/77 7/02/79 4,016 3,013 2,020 3,893 4,005 2,542 4,091 2,514 3,057 5 2 10/01/80 10/14/80 10/31/80 11/06/80 11/15/80 11/15/80 11/30/80 12/04/80 12/31/80 12/31/80 1-1/2Z 11.508% 8-7/8% 11.810% 3-1/2% 7-1/8% 9-1/4% 10.815% 5-7/8% 9-7/8% 1/02/81 1/29/81 1/31/81 2/15/81 2/15/81 2/26/81 2/28/81 3/26/81 3/31/81 3/31/81 11.040% 11.211% 9-3/4% 7-3/8% 13.527% 9-3/4% 14.459% 6-7/8% 9-5/8% Bill Bill Note Note Note Bill Note Bill Note Note 4/01/81 4/23/81 4/30/81 5/15/81 5/15/81 5/21/81 5/31/81 6/18/81 6/30/81 6/30/81 1-1/2% 10.440% 9-3/4% 7-3/8% 7-1/2% 8.341% 9-3/4% 7.491% 6-3/4% 9-1/8% Note Bill Note Note Note Bill Note Bill Note Note 4/01/81-EA 4/23/81 4/30/81-S 5/I5/81-D 5/15/81-H 5/21/81 5/31/81-T 6/18/81 6/30/81-J 6/30/81-U 7/16/81 7/31/81 8/13/81 8/15/81 8/15/81 8/31/81 9/10/81 9/30/81 9/30/81 7.669% 9-3/8% 8.963% 7-5/8% 8-3/8% 9-5/8% 9.967% 6-3/4% 10-1/8% Bill Note Bill Note Note Note Bill Note Note 7/16/81 7/31/81-V 8/13/81 8/15/81-F 8/I5/81-N 8/3I/81-W 9/10/81 9/30/81-K 9/30/81-X 7/22/80 7/31/79 8/19/80 7/09/76 8/15/78 8/31/79 9/16/80 9/07/77 10/09/79 4,005 3,222 4,009 2,586 4,110 3,729 4,007 2,968 3,695 10/01/81 10/08/81 10/31/81 11/05/81 11/15/81 11/15/81 11/30/81 12/03/81 12/31/81 12/31/81 12/31/81 1-1/2% 11.136% 12-5/8% 12.219% 7-3/4% 10/01/81-EO 10/08/81 10/31/81-Y 11/05/81 11/15/81-B 12-1/8% 13.261% 7-1/4% 11-3/8% 12.075% Note Bill Note Bill Note Note Note Bill Note Note Bill 12/03/81 12/31/81-L 12/31/81-AB 12/31/81 10/01/76 10/14/80 10/31/79 11/06/80 11/15/74 10/12/76 11/30/79 12/04/80 12/07/77 12/31/79 1/02/81 4,009 4,457 3,963 4,477 2,543 4,894 4,513 3,452 4,307 4,518 1/21/82 1/28/82 1/31/82 2/15/82 2/15/82 2/25/82 2/28/82 10.656% 13.033% 11-1/2% 6-3/8% 6-1/8% 12.801% 13-7/8% Bill Bill Note Bond Note Bill Note 1/21/82-Reopenlng 1/28/82 1/31/82-N 2/15/82 2/15/82 2/25/82 2/28/82-P 12/07/81 1/29/81 1/31/80 2/15/72 1/06/77 2/26/81 2/29/80 3,000 4,684 4,485 2,702 2,697 5,265 4,498 3/25/82 3/31/82 3/31/82 4/01/82 11.481% 7-7/8% 15% 1-1/2% Bill Note Note Note 3/25/82 3/31/82-G 3/31/82-Q 4/01/82-EA 3/26/81 3/06/78 3/31/80 4/01/77 4,684 2,853 4,072 4/22/82 4/22/82 4/22/82 4/30/82 5/15/82 5/15/82 5/15/82 12.991% 11.186% 14.544% 11-3/8% 8% Bill Bill Bill Note Note Note Note 4/22/82 4/22/82-Reopenin6 4/22/82-Reopenlng 4/30/82-R 5/15/82-A 5/15/82-E 5/15/82-K 4/23/81 12/07/81 4/02/82 4/30/80 5/15/75 4/04/77 11/15/78 4,261 2,001 8,016 4,573 2,747 2,613 3,556 7% 7% 7% 9-1/4% Bill Note Bill Bond Note Note Bill Note Note Source: Bureau of the Public Debt. Original call and maturity dates are used. For description of new securities offered, see Table PDO-4, * Less than $500,000. U _2/ U/15/80-J 11/30/80-V 12/04/80 12/31/80-F 12/31/80-W 1/02/81 1/2 9/81 U/15/81-G H/30/8I-Z 3 * 14 * . 1982 ^Niay 49 PUBLIC DEBT OPERATIONS Table PDO-8. - Foreign Series Securities (NonmarketabU) Iseaed to Official Institutions of Foreign Countries (Payable In U.S. dollars; dollar amounts In millions) Issue date 1 Maturity date Interest rate (percent) Total outstanding end of month 981 -Aprll Bills. 8/18/80 12/02/80 1/29/81 3/03/81 4/01/81 4/01/81 4/07/81 4/30/81 4/01/81 4/01/81 4/30/81 4/01/81 6/01/81 12/01/81 1/04/82 1/04/82 8/18/80 9/26/80 2/03/81 3/03/81 5/01/81 5/01/81 5/13/81 5/19/81 5/01/81 5/01/81 5/01/81 5/01/81 2/01/82 7/01/81 3/01/82 2/01/82 11.40 14.91 14.52 13.84 14.74 14.90 14.52 6/27/77 5/15/81 5/15/81 5/15/88 6. SO 14.15 10/01/80 10/29/80 3/03/81 4/01/81 6/01/81 6/16/81 6/23/81 6/01/81 6/01/81 10/01/81 6/01/81 8/01/81 12/31/81 2/01/82 11.36 12.44 13.86 12.49 15.39 13.20 13.37 6/05/74 6/25/74 1/14/80 6/05/81 6/25/81 6/30/81 2.50 7.90 9.125 445 600 1/05/81 5/01/81 4/30/81 7/30/81 7/01/81 7/01/81 7/30/81 10/29/81 12.95 14.74 14.34 14.75 374 52 200 7/08/74 7/15/74 7/08/81 7/15/81 8.25 8.25 200 200 2/03/81 6/01/81 8/03/81 8/03/81 8/03/81 8/03/81 8/01/81 4/01/82 9/01/81 10/01/81 13.91 15.39 14.69 15.14 14.86 370 48 10/28/76 4/27/77 8/15/81 8/15/81 7.625 7.625 100 2/18/81 3/02/81 8/03/81 9/01/81 9/01/81 9/01/81 9/01/81 9/01/81 9/01/81 10/01/81 11/02/81 4/01/82 14.04 14.01 15.14 14.64 15.33 15.37 379 293 2/18/81 7/30/81 8/03/81 9/01/81 10/01/81 10/01/81 10/01/81 10/29/81 10/01/81 10/29/81 10/01/81 10/01/81 12/01/81 6/01/82 1/28/82 13.81 14.75 14.86 14.64 13.91 14.78 14.77 13.04 10/01/74 10/01/81 2.50 3/03/81 9/01/81 11/02/81 11/02/81 11/20/81 11/30/81 11/30/81 11/30/81 11/02/81 11/02/81 1/04/82 6/01/82 6/01/82 1/04/82 6/01/82 7/01/82 15.33 12.62 12.79 10.53 9.91 10.59 10.52 11/04/76 11/12/76 11/15/81 11/15/81 7.75 7.75 4/01/81 6/16/81 10/01/81 12/01/81 12/31/81 12/01/81 12/31/81 12/01/81 2/01/82 3/01/82 13.20 13.91 10.23 10.66 14.41 14.82 13.77 12.49 12.92 14.34 $319 131 100 55 $59 305 291 200 May Bills. 123 108 115 51 136 52 310 277 June Bills. 187 166 109 59 48 170 119 47 215 46 46 300 September Bills Notes. . . 5/0 3/82 45 91 51 323 223 200 46 91 45 384 116 200 November 328 51 60 68 108 61 53 267 200 200 305 170 45 46 120 15,739 50 Treasury Bulletin PUBLIC DEBT OPERATIONS Table PDO-8. - Foreign Series Securities (Nonmarketable) Issued to Official Institutions of Foreign Countries-Continued (Payable In U.S» dollars; dollar amountB In millions) Securl ties Issue May 1982 51 PUBLIC DEBT OPERATIONS Table PDO-9. - Foreign Currency Series Secnrities Issued to Residents of Foreign Countries (Dollar amounts lo mllltonB) Mo AC Treasury Bulletin 52 .UNITED STATES SAVINGS BONDS, Series EE and HH Bonds, on sale since January savings bonds currently sold. through April 30, 1941. 1, Series E was on sale from May 1, from June 1, through April 30, 1952. 1952 through December 31, 1979. Table SB-1. - 1, in Series F Treasury May 1959, Annual Series H sold Series J and K were sold Sales and through 1952 1, changes in issues, 1935 through 1941 December 31, 1979 (through June 1980 to Payroll Savers only). and G were sold from May 1, 1941 from May 1980, are the only Series A-D were sold from March Bulletins and Report October of April 30, 1957. the of April 1961, 1951, June Secretary of May 1957, 1968, the of principal the and October and December September 1970; and Treasury for fiscal years the 1966 through 1980. Redemptions by Series, Camnlative through April __^ Details interest yields, maturities, and other terms appear 30, 1982 (In millions of dollars) Amount outstanding Sales 1/ Accrued discount Sales plus accrued discount Redemptions \J Series k-B2l Scries E, EE, H, and HH Series F and G Series J and K 3,949 221,654 28,396 3,556 1,054 71,197 1,125 198 5,003 292,851 29,521 3,754 5,001 225,762 29,515 3,752 Total A-K 257,555 73,574 331,129 264,031 Interestbearing debt Matured non-interestbeartng debt 2 55 6 1 Footnotes at end of Table SB-4. Table S6-2. - Sales and Redemptions by Periods, All Series Redemptions 1/ Sales 1/ Combined Amount outstanding May 1982 55 .UNITED STATES SAVINGS BONDS. Table SB-3. - Sales and Redemptions by Periods, Series E through K (In millions of dollars) Redemptions 1/ Accrued discount Sales plus accrued discount Sales price Amount outstanding Accrued discount 3/ E. EE, H, Fiscal years 1941-71 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 : Calendar years 1941-70 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 Months 1981-Apr May June July Aug 153,536 5,939 6,514 6,429 6,826 7,293 1,833 7,895 8,026 7,295 4,819 3,355 : 150,812 5,477 6,236 6,270 6,862 7,038 7,555 7,954 7,959 6,988 4,124 3,335 : Sept Oct Nov Dec 1982-Jan Feb Mar Apr 193 286 301 278 260 225 246 244 301 272 254 267 256 32,467 and HH Interestbearing debt Matured non-interestbearing debt . . 54 Treasury Bulletin • Table SB-3. - UNITED STATES SAVINGS BONDS. Sales and Redemptions by Periods, Series E through K— Continued (In millions of dollars) Redemptions 1/ Accrued discount Sales plus accrued discount Sales price _3/ Series E and EE Fiscal year s: 1941-71 1972 1971 1974 1975 1976 T.q 1977 1978 1979 1980 1981 Calendar years 1941-70 142,675 5,650 6,190 6,145 6,503 6,975 1,761 7,576 7,774 7,061 4,684 3,303 32,467 2,310 2,564 2,749 3,252 3,496 140,026 5,218 5,922 5,988 6,524 6,729 7,245 7,638 7,718 6,783 4,028 3,256 31,408 2,192 2,426 2,673 2,994 3,368 3,597 3,910 4,180 4,298 4,124 4,365 902 3,827 4,104 4,318 4,171 4,199 : 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 Months 1981-Apr May June. July... Aug Sept... Oct Nov : . Dec... 1982-Jan Feb Mar Apr. 197 261 275 274 263 258 259 246 271 265 244 . . 261 256 250 427 375 402 358 359 319 398 457 452 414 395 394 175 Accrued discount 3/ Exchange of E bonds for H and HH bonds Amount outstanding Interest bearing debt Matured non-interestbearing debt . , May 1982 55 .UNITED STATES SAVINGS BONDS, I'able SB-4. - Redemptions of Matured and Unmatured Savings Bonds (In millions of dollars) Unclassified Series E EE H, and HH Series E, EE, H, and HH , Fiscal years 1951-65 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 I.Q 1977 1978 1979 1980 1981 7/ : Calendar years 1951-70 92,486 5,724 5,922 5,982 6,339 6,748 5,425 5,338 5,586 6,681 6,517 6,543 1,689 7,064 7,747 10,975 16,703 12,242 41,672 2,253 2,471 2,548 2,560 2,792 2,490 2,043 2,126 2,729 2,544 2,820 797 794 3 3,578 3,157 5,654 10,430 8,769 -577 3,153 5,651 10,428 8,769 1 29,586 5,244 5,365 6,210 6,833 6,291 6,771 7,110 8,200 12,326 15,543 11,998 57,346 2,022 2,053 2,508 2,627 2,481 3,275 2,556 3,129 6,459 10,112 8,981 982 1,001 972 895 982 922 864 621 585 986 876 882 783 838 617 829 738 657 714 672 578 344 441 300 1,022 23,963 1,973 2,059 2,289 2,417 2,762 2,481 2,036 2,121 2,724 2,545 2,816 17,709 280 412 260 51,327 3,300 3,351 3,401 3,566 3,842 3,660 3,317 3,393 3,847 3,776 3,772 891 3,487 4,690 4,927 6,430 3,105 42,114 3,196 3,273 3,376 3,560 3,842 3,660 3,317 3,393 3,847 3,776 3,772 36,958 2,014 2,047 2,505 2,622 2,481 3,275 2,556 3,125 6,448 10,116 8,978 71,392 3,305 3,337 3,578 3,789 3,955 3,487 4,553 5,071 5,709 5,709 3,017 60,727 3,305 3,337 3,578 3,789 3,955 3,487 4,553 5,071 5,709 5,709 3,017 838 617 828 738 657 714 672 578 343 441 300 1,022 n.a. 144 384 143 157 325 208 144 384 143 157 325 208 192 43 242 545 576 143 29 9 7 5 5 -1 4 4 3 2 2 891 3,487 4,590 4,927 6,430 3,105 9,212 104 79 25 6 -121 172 99 33 213 115 -725 -23 67 104 198 -197 -156 223 : 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 Months 1981-Apr Hay.... -850 -83 -24 123 417 -145 158 -277 : June. . July... Aug Sept... Oct.... Nov Dec... 1982-Jan Feb Mar Apr. .. Source: Monthly Statement of the Public Debt of the U.S.; Office of Market Analysis, United States Savings Bonds Division. Note: In these tables sales of Series A-F and J bonds are included at Issue price, and redemptions and amounts outstanding at current redemption value. Series G,H, HH and K are included at face value throughout. Matured bonds which have been redeemed are included in redemptions. Matured J and K bonds outstanding are included in the interest-bearing debt until all bonds of the annual series have matured, and are then transferred to matured debt on which interest has ceased. 1/ Sales and redemption figures include exchange of minor amounts of (1) matured Series E bonds for Series G and K bonds from May 1951 through April 1957; (2) Series F and J bonds for Series H bonds beginning January 1960; and (3) U.S. savings notes for Series H bonds beginning January 1972; however, they exclude exchanges of Series E bonds for Series H and HH bonds, which are reported in Table SB-3. 2/ Details by series on a cumulative basis and by periods of Series A-D combined will be found in the February 1952 and previous issues of the Treasury Bulletin. y V _5/ 192 43 242 545 576 -140 -140 Because there is a normal lag in classifying redemptions, the distributions of redemption between sales price and accrued discount have been estimated. Series F and G sales were discontinued April 30, 1952, and Series J Sales figures after and K sales were discontinued April 30, 1957. April 30, 1957, represent adjustments. Includes exchanges of Series 1941 F and G bonds for 3-1/4J marketable bonds of 1978-83. Includes exchanges of Series 1948 F and G savings bonds for 4-3/42 marketable notes of 1964. Includes exchanges of Series 1949 F and G bonds for 42 marketable bonds of 1969. Includes exchanges of Series 1960 F and G bonds for 3-7/82 marketable bonds of 1968. 6/ Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/82 marketable bonds of 1971 and 42 marketable bonds of 1980. 7/ Represents changes in the amounts of redemptions not yet classified between matured and unmatured issues. * Not available. n.a. Less than $500,000. 56 Treasury Bulletin UNITED STATES SAVINGS BONDS Table SB-S. - Sales and Redemptions by Denominations, Series E, EE, H, and HH 1/ 1} May 1982 37 -UNITED STATES SAVINGS NOTES, United June 30, States 1970. savings notes were on sale May 1, 1967 through The notes were eligible for purchase by individuals with the sintultaneous purchase of Series E savings bonds. and information on investment yields of savings notes appear in the Treasury Bulletin of March 1967 and June 1968; and the Annual Report of the Secretary of the Treasury for fiscal year 1974. The principal terms and conditions for purchase and redemptions Table SN-1. - Sales and Redemptions by Periods (In millions of dollars) Accrued discount Sales plus accrued discount Redemptions 2/ Sales price Fiscal Amount outstanding Accrued discount Treasury Bulletin 58 OWNERSHIP OF FEDERAL SECURITIES. Table OFS-1. " Distribution of Federal Securities by Class of Investors and Type of Issues (In millions of dollars) Interest-bearing public debt securities Total End of fiscal year or month , 59 May 1982 .OWNERSHIP OF FEDERAL SECURITIES. Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors (Par values 1/ in billions of dollars) Nonbank investors Mutual savings banks Individuals 3/ . , ^„jai privately held Lnth Commerclal banks Total Total Series E,EE,H, 11 33.4 ,„, 12.7 23-6 J"nr, "'''"^!' °" '"'"'Z 208 1 74 ,," i 57 ::::::: : T^ "" -eee;;; 3 133.6 139 5 i":, 137.4 137.7 ,3,0 131.9 jh ^- b % „„.r™;;r.;::;.:; ""-£e;;;e: B | i ::h;;:ee; iS !• iS Dec 1966-June 216.8 209.6 215.5 204.4 219.5 217.0 226.7 214.0 221.2 217.2 229.1 228.9 247.1 243.6 261.7 258.9 260.9 255.6 271.0 303.2 349.4 376.4 409.5 421.0 461.3 477.8 508.6 516.6 540.5 60.7 54.8 57.4 55.5 63.8 59.7 66.0 55.3 56.8 52.6 62.7 61.0 65.3 60.9 67.7 58.8 60.3 53.2 55.6 69.0 85.1 92.5 103.8 102.8 101.4 99.1 93.2 93.5 96.4 156.1 154.9 158.1 148.9 155.8 157.2 160.7 158.7 164.5 164.7 166.4 167.9 181.8 182.8 194.0 200.1 200.6 202.4 215.4 234.1 264.2 283.8 305.7 318.2 359.9 378.7 415.4 423.1 444.1 ^y June j„ly Aug! Sept Oct NOV Sec 1981-Jan . ""p^b fUr A„, r„r . ^y tie......:....j^ly ;"! Sep . Oct . Nov. Dec ,„„, ... ,^^ ''*' Frb::::::::::::: Har. p 42 41.5 41.6 ^ ^ s I'i:', 1980-Apr 64 4K4 f ::h;e;;;;;;; Dec 1967-June Dec 1968-June Dec 1969-June Dec 1970-June Dec 1971-June Dec 1972-June Dec 1973-June Dec 1974-June Dec 1975-June Dec 1976-June Dec 1977-June Dec 1978-June Dec? 1979-June Bee 30.8 30.3 40.9 197.2 197.5 "' : "58-J»ne 5 : 563.0 562.9 558.2 573.0 583.8 589.2 593.3 603.2 616.4 627.4 639.6 654.6 650.4 652.3 651.2 651.3 656.7 665.4 677.2 684.6 694.5 707.3 720:8 733.3 ; 96.3 97.7 100.3 101.4 106.1 109.7 113.2 111.4 116.0 117.2 116.4 117.5 113.5 113.2 113.3 114.2 115.0 112.2 111.3 110.0 109.4 111.4 111.8 114.3 4 » : 466.7 465.2 457.9 471.6 477.7 479.5 480.1 491.8 500.4 510.2 523.2 537.1 536.9 539.1 537.9 537.1 541.7 553.2 565.9 574.6 585.1 595.9 609.0 619.0 Other series 9 63.9 64.1 66.6 65.9 66.3 64.9 56.2 59.5 ^5, 65.2 193.5 1957-fun; 20.7 l": : 1 ;;; 74 2 70.4 7.5 74. 7 .1 77.3 80.8 81.8 81.2 .4 73.2 73.2 73.9 75.9 77.3 80.7 84.2 86.8 90.8 ^ 96. 101.6 104.9 107.8 109.0 114.0 113.2 116.1 125.3 124.3 120.2 121.2 124.1 123.0 122.9 125.3 129.2 134.2 136.2 138.6 138.2 130.2 139.9 139.6 139.5 140.2 140.3 141.0 141.6 143.7 144.1 i44.7 146.5 ^ iS iii s \\;i V. ii;i s ^ s Si : iS 22 .5 51.1 50.8 51.4 52.5 53.8 55.4 57.1 8.9 59.8 .7 |::i 10.5 10.0 9.9 9.0 9.0 .6 .8 .7 .7 .6 .6 .6 .6 .5 . .5 .5 .4 .4 .4 3.3 25.5 29.0 30.2 29.1 22.2 18.8 17.2 6.2 6.4 16.9 18.8 20.8 4/ 1/ i;! 15 2 84 ^^_^ ^^^^ i.l 31 .0 3 7.0 3 6./ 6.6 6.3 3 3 33 29 2b 25 64 59 62 /l 21.3 6.6 29.6 9.5 ^^^^ 06 5 ^^_^ 2./ .8 15.5 ^^^^ ^^_^ ^^_^ ^^^^ ^^_^ ^^_^ ^^_^ ^^_^ ^^_^ ^^_^ ^^^^ ^^_^ ^^_^ 15.3 .4 3.3 1.7 ^ 5 };» ,., ^2.9 ^^^^ 69.9 4 6 4 8 23.0 70.7 • 73.9 73.2 .3 7.1 -3 73.0 72.9 72.7 72.7 72.5 72.2 71.1 70.4 70.1 0!>.J 69.5 .3 .3 . .3 .3 .3 .3 .3 5, 51.1 50.8 46.8 47.9 50.9 50.0 49.9 52.4 56.7 62 8 1 1« 8.0 78 7.8 18.5 20.1 0.1 20.0 6- . .3 ' . . . 70.5 .3 7.5 .3 '2-0 .-0 73.6 75.6 76.2 .3 .0 .3 '•)" . .3 .3 . 52 53 54 55 19 7 «-^ 9.8 20.6 2°-' 9. 19.5 .7 ii;j S; 250 ^^^ ^^_^ j,_, j,_2 ^^^^ ^^_^ ^^^ ^,_(, ^^_^ ^^_^ ^^^^ ^^_^ ^^_^ ^^_^ ^^^ ^^3 ^2.1 ^^^^ 37.4 3,_g 3,_^ 354 „., 5„_j 5j_, ^^_^ 90.1 108.4 jgjj 25^^ ^^^_, 102.1 ^^^ ^3^3 ^^^^ ^^^^^ ^3^_^ ^^,2 i„., ^^33 io9.6 ^^^_^ IJ^./ ^^^^^ 13,.0 ^3^_^ 135.5 ^^^_^ iio.j ^ ^j;_, 109.4 ^^^ ^3,3 443 ^^_^ ^^_^ ^.^^g,, ^^^^ 3 jg.g ^^_^ ^^ ^^_^ ^^_^ ^^^^ ^^_^ ^^_^ ^^_^ 95.1 ^^_^ j^.O ^^^ ^^^ ^^^^ 5 ^^^ ^^^ ^^_^ ^^_^ ^^j_ 154. "^ 6 ^^_^ ^^_^ 116.7 ^^j_5 ^^^_^ ^^^_^ ,^3 57 , 56 ^^_^ ^^^^ ^^_^ ^^_^ ^^_^ ^^^^ ^^^3 9. 19.4 II ^^^_^ ^^7.7 ^^^_^ 5 , 70. 70- .3 18.1 8.0 iB ^3^_^ ^^^_^ 123.7 ^^^^ ^^_^ • 68.2 68. --•- \l:i 2 5.1 19. \tl ^^,5 22 4 5 49 8. 9. IB ^g_j ^^_^ j^_, ^„,_^ ^^_^ ^^^^ .4 • iS ^^5 • 31.1 29.9 .4 s ^^_^ ^,_^ ^^_^ ^^_^ ^^_^ .2 7.4 .s ^^^ ^^^^ 8.1 7.6 1.1 11.5 11.6 14 2 46 4 U.4 n.i ig h 79.5 Exclusive of banks and Insurance companies. International Consists of the Investment of foreign balances and 6/ 0.3 9.5 9.3 6.9 5.9 ^_, t.', 5.3 5.0 2.3 0. . 6. 8 j2. ^^^ 52 5 5.4 3^_^ ^ ^^_^ ^^^^ jj,^_y 127.2 ^ 53.3 ^^^^_^ j ^^3^^ ^j„_, ^^^_^ ^g^., ^ Holdings "-"^O"" I'jJ""^^ ounts in the United States. \°,^,. accoun Inter international Monetary Fund and other exc I„H» l<,sues to the to reflect the unified budget ^^^ J:':! U^dlng organizations U 3/ Other Investors V u.j s . .5 so iS .3 5.4 5.2 savings Con'slsti°of''c'o™;rclal banks, trust companies, and stock Island possessions. banks in the United States and in territories and departments. trust in held Figures exclude securities includes partnerships and personal trust accounts. 6.3 16.1 1.9 6.2 6.7 6.5 s of the Secretary. Office of Government Financing In the Office Source: Included at current United States savings bonds. Series A-F and J, are -2/ 0.2 2.4 ^^^^ 22.2 2.8 23.9 19.7 .4 69.2 68.9 68.7 68.4 68.0 67.7 67.7 67.8 67.6 67.4 67.2 0.4 6.7 6.8 16.6 16.3 ^^_^ in sk .7 2.0 19.9 15.3 17.3 18.7 17.7 14.1 ^^^^ ;;; .1 . Foreign and international 12.5 12.2 ^^_^ »;• .9 62.9 65.0 66.9 69.2 71.6 74.0 76.3 78.7 80.3 State and local govern"ents 7.9 7.6 7.4 ^_^ i;i ;; 2.7 U.l 11.8 8.3 12. 16.4 48.8 49.2 49.8 50.4 50.9 6.4 5.7 24.4 24.9 13.6 13.2 7.5 20:6 20.0 16.3 15.8 17.2 16.7 1.9 .2:5 13.9 9.4 8.7 7.6 6.6 5.9 9 i 7.8 Corporatlons 4/ V ii 71.9 Insurance companies Other securitles Savings bonds 6/ associations. ""7"^ of savings and loan '""iJ",^'""'' 3d dealers »"^ ^^ _^_^^^^ ^^^^^^^ „„^, f„„d3, '''>^"^;„„*i^! deposit "=""""• government 8°^"j certain Included are „^. no other Investors '"^^^"^^/^"^^ sponsored agencies, and all Sales began nay i, Includes U.S. savings notes. ^j^^„„tlnued after June 30. 1970. Revised. r preliminary. IZTills " . _j^ p Treasury Bulletin 60 TREASURY SURVEY OF OWNERSHIP, MARCH The monthly Treasury Survey of Ownership covers securities Issued by Che United States Government, Federal agencies. Federally-sponsored agencies, and the District of Columbia* The banks and insurance companies Included In the the September in The similar proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments, 40 percent* Data were first published for banks and insurance companies In the 1960 Bulletin, 1982 and for State and local governments - Summary the Holdings by commercial banks distributed according to Federal Reserve member bank classes and nonmember banks are published for June 30 and December 31, Holdings by corporate pension trust funds are published quarterly, first appearing In the March 1954 Bulletin. May 1941 Treasury Bulletin, for corporations and savings and loan associations Table TSO-1* In February 1962 Bulletin. Survey currently account for about 80 percent of all such securities held by these Institutions* 31, of Federal Securities (Par values - In millions of dollars) \iay 1982 61 i^— TREASURY Table TSO-2. - SURVEY OF OWNERSHIP, MARCH 31, Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution (Par values - In millions of dollars) Held by private investors covered In Treasury Survey Classification 1982 62 Treasury Bulletiti TREASURY SURVEY OF OWNERSHIP, MARCH Table TSO-3. - 31, 1982 Interest-Bearing Marketable Public Debt Securities by Issue— Continued (Par values - In millions of dollars) Held by Investors covered in Treasury Survey Hay 1982 63 TREASURY SURVEY OF OWNERSHIP, Table TSO^. - MARCH 31, 1982 Interest-Bearing Marketable Public Debt Securities by Issue-Continued (Par values - In millions of dollars) Held by investors covered In Treasury Survey Total amount outstanding J,/ Treasury bonds 4-1/42 3-1/4 6-3/8 3-1/4 6-1/8 4-1/4 4 : May June Aug. May Nov. Aug. Feb. Aug. 7-1/2 4-1/8 3-1/2 8-1/4 7-1/4 6-3/4 7-7/8 May 7 Hay 8-5/8 8-5/8 Aug. Nov. Feb. 9 8-1/2 8-3/4 10-1/8 3 10-1/2 7-7/8 12-5/8 10-3/8 8-3/8 11-1/2 8 3-1/2 8-1/4 11-3/4 13-1/8 13-3/8 15-3/4 14-1/4 7-5/8 7-7/8 8-3/8 8-3/4 9-1/8 10-3/8 11-3/4 May Feb. Aug. Feb. Feb. May Aug. Nov. Feb. Feb. Feb. May May Aug. Nov. Aug. Nov. May Feb. May Aug. Nov. Feb. Feb. Nov. Aug. Nov. May Nov. Feb. 10 May 12-3/4 13-7/8 May 14 Nov. Nov. 1975-85 1978-83 1984 1985 1986 1987-92 1988-93 1988-93 1989-94 1990 1990 1992 1993 1993 1993-98 1993 1993 1994 1994-99 1994 1994 1995 1995 1995-2000.. 1995 1995 1995-2000.. 1995 1996-2001.. 1998 2000-05 2001 2001 2001 2001 2002 2002-07 2002-07 2003-08 2003-08 2004-09 2004-09 2005-10 2005-10 2005-2010.. 2006-11 2006-11 Total Treasury bonds Total marketable public debt securities 861 U.S. Government accounts and Federal Reserve banks 5,297 commercial banks 444 mutual savings banks 2/ 2/ Insurance companies 236 life 439 fire, casualty, and marine Treasury Bulletin 64 .TREASURY SURVEY OF OWNERSHIP, TaDle iSO^. - Securities Issued by MARCH 31, Uovernment Agencies 1982 May 1982 63 MARKET QUOTATIONS ON TREASURY Current market quotations shown here are over-thecounter closing bid quotations In the New York market for the last trading day of the month as reported to the Treasury by the Federal Reserve Bank of New York. The Amount outstanding 30, 1982 securities listed Include all regularly quoted public marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed by the United States Government are excluded. , Table MQ-1. SECURITIES, APRIL - Treasury Bills 66 Treasury Bulletin MARKET QUOTATIONS ON TREASURY Table MQ-2. - SECURITIES. APRIL Treasury Notes-Continued (Price decimals are 32nds) 30, 1982 , May 1982 67 MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL Table MQ-3. - Treasury Bonds (Price decimals are 32nds) 30, 1982. Treasury Bulletin 68 . in LU o cc CM UJ C\J CO Q -J LLj > MARKET QUOTATIONS ON TREASURY SECURITIES, o in CO o 00 in o c\i APRIL in 30, 1982 in d o d ^ay 1982 69 1 Table AY-1. Treasury bonds 1/ - AVERAGE YIELDS OF LONG -TERM BONDS. Average Yields of Long-Terra Treasury, Corporate and Municipal Bonds by Periods New Aa corporate bonds 2/ New Aa municipal bonds 3/ Treasury bonds 1/ New Aa corporate bonds 2/ New Aa municipal Treasury bonds 1/ corporate bonds 2/ Monthly series - averages of dally or weekly series Jan Feb Mar Apr May June 5.92 5.84 5.71 5.75 5.96 5.94 July Aug Sept Oct Nov Dec 5.91 5.56 5.56 V5.46 5.48 5.62 Jan Feb Mar Apr May June 5.62 5.67 5.66 5.74 5.64 5.59 July Aug W5.59 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 5.59 5.70 5.69 5.51 563 4^/5.96 6.14 6.20 6.11 6.25 6.32 6.53 V6.85 6.41 6.25 6.30 6.35 7.63 New Aa municipal bonds 3/ Treasury bonds 1/ corporate bonds 2/ New Aa municipal bonds 3/ Treasury Bulletin 10 AVERAGE YIELDS OF LONG -TERM BONDS. z LU . . fAay 1982 11 .INTERNATIONAL FINANCIAL STATISTICS. The tables in this section are designed to provide data on U.S. reserve assets and liabilities and other statistics related to the U.S balance of payments and international financial position* Table IFS-2 brings together statistics on llabllitlcB to foreign official Institutions, and selected liabilities to all other foreigners, which are used in the U.S. balance of payments statistics. Table IFS-1 shows the reserve assets of the United States, Including Its gold stock, special drawing rights held In the Special Account in the International Monetary Fund, Drawing holdings of convertible foreign currencies, and reserve position In the International Monetary Fund. Table IFS-3 (formerly Table IFS-4) shows U.S. Treasury nonmarketable bonds and notes Issued to official institutions and other residents of foreign countries. Table IFS-1. Table IFS-A (formerly Table IFS-6) presents a measure of weightedaverage changes In exchange rates between the U.S. dollar and the currencies of certain other countries. - U.S. Reserve Assets (In millions of dollars) Gold stock 2/ End of calendar year or month Total reserve assets 1/ Total 3/ Treasury (1) C2) (3) 19,312 1977 1978 1979 1980 1981 1981-Apr.. May.. June. July. Aug. . Sept. Oct. . Nov. Dec. . 1982-Jan, Feb. . Mar.. Apr. . Special drawing rights \J kl Foreign currencies 5/ (5) Reserve position in International Monetary Fund XJ hi (6) Treasury Bulletin 12 .INTERNATIONAL FINANCIAL STATISTICS, Table IFS-2. - Selected U^. Liabilities to Foreigners (In millions of dollars) Liabilities to foreign countries Official institutions End of calendar year or month Liabil- 1/ . . May 1982 73 ^"'""""*""^"" FINANCIAL gT*TioTir.Q Table IFS-3. Issued to Official - Nonmarketable U.S. Treasury Bonds and Notes Institutions and Other Residents „ of Foreign Countries (In millions of dollars or dollar equivalent) Payable In dollars End of calendar year or month Grand total (1) 20,443 1977 1978. 1979 1980 1981 1981-Api-. May.. June. July. Aug.. Sept. Oct.. Nov. . Dec. 1982-Jan. Feb.. Mar.. Apr. year or month (2) 19,274 (3) 17,467 (4) 506 (5) 700 . . 74 Treasury Bulletin INTERNATIONAL FINANCIAL STATISTICSTable IFS-4. - Weighted-Average of Exchange Rate Changes for the DolUi (Percent change relative to exchanRe rates as of end-Hay 1970) Trade-weighted average appreciation (+) or depreciation (-) of the U.S. dollar \J End of calendar year or month vls-a-vis Currencies of OECD countries 2/ 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1981-Apr... May... June. July.. Aug. Sept.. Oct... Nov. . Dec... 1982-Jan. .. Feb... Mar... . Apr. p. This table presents calculations of weighted average percentage changes in the rates of exchange between the dollar and certain foreign currencies, in order to provide a measure of changes in the dollar's general foreign exchange value broader than a measure provided by any single exchange rate change. Calculations are provided for two sets of countries that account for a major share of U.S. foreign trade. U.S. bilateral trade patterns in 1972 are used as a convenient, readily available proxy for the assignment of relative weights to individual exchange rate changes, though such weights do not provide a full measure of individual currencies' relative importance in U.S. international transactions because they take no account of factors other than trade. The calculations do not purport to represent a guide to measuring the impact of exchange rate changes on U.S. international transactions. Exchange rate data used in constructing the indices reported here differ somewhat from those used in earlier calculations to more accurately reflect end-of -period currency values. The equations used are as follows: Currencies of A6 main trading countries 3/ -9.4 -14.6 -16.0 -10.9 -10.3 -14.6 -21.5 -18.4 -15.0 -3.4 -4.9 -9.6 -9.6 -4.6 -1.0 -1.0 -4.1 +6.6 +21.3 +58.9 -7.3 -3.8 -2.0 +2.2 -0.2 -0.5 -1.2 -5.5 -3.4 -0.8 +3.7 +4.8 +3.3 +34.9 +41.6 +45.7 +51.1 +51.9 +54.3 +56.7 +55.4 +58.9 +63.1 +76.6 +80.2 +83.1 Equation two is used to calculate a trade-weighted average of changes in the foreign exchange cost of dollars: (EQ2) E^ = ElAfCj^/S • X^/EX) Where: is the weighted average of percentage changes in the foreign currency cost of dollars: Ejj Afcj^/S is the percent change in the foreign currency i cost of dollars; and Xi/ZX is U.S. exports to country i, as a proportion of total U.S. exports to all countries in the set. Equation three combines the above export-weighted and import-weighted averages to provide an overall measure of exchange rate change: (EQ3) E = ((En, « m/m+x)»(-l)) + [Ex * x/m+x) Where: Equa-tion one is used to calculate a trade-weighted average of changes in the dollar cost of foreign currencies: m/m+x is U.S. imports as a proportion" of its total trade with all countries in the set; and (EQl) En, Where: = Z(AS/fCi * Mi/EM) E^ is the weighted average of percentage changes in the dollar cost of individual foreign currencies: A5/fCj^ is the percent change in the dollar cost of foreign currency i; and Mi/^M is U.S. imports from country i, as a proportion of total U.S. imports from all countries in the set. x/m+x is U.S. exports as a proportion of its total trade with all countries in the set. Australia, Austria, Belgium-Luxembourg, Canada, Demark, Finland, France Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom. The currencies of 46 IMF member countries which account for approximately 907. of U.S. Preliminary. total trade. ,, 75 iMaj 1982 CAPITAL MOVEMENTS Background date. Data relating to capital movements between the United States and foreign countries have been collected since 1935 under Treasury regulations pursuant to Executive Orders Nos. 6560 of January 15, 1934, and 10033 of February 8, 1949, and the International Investment Survey Reports are filed with Federal Reserve banks by banks Act of 1976. bank holding companies, securities brokers and dealers, and nonbanking enterprises in the United States. Statistics on the principal types of data by country or geographical area are then consolidated and are published in the monthly Treasury Bulletin. The reporting forms and instructions 1/ used in the Treasury International Capital (TIC) Reporting System have been revised a number of times to meet changing condl tions and to Increase the usefulness of the published statistics. Revisions to the reporting forms are part of an ongoing effort to ensure the adequacy of the Treasury capital tnovements statistics for analysis and policy formulation with respect to the international financial position of the United States and on movements of capital between the United States and foreign countries. Revised forms and Instructions are developed with the cooperation of other Government agencies and the Federal Reserve System and in consultations with representatives of banks, securities firms , and nonbanking enterprises. Major revisions of the TIC B-series forms, filed by banks and some brokers in the United States, became effective with reports as of April introduced In the July 1978 Treasury 30, 1978; new data series were Bulletin. Also, effective March 1981, reporting coverage of the Bseries forms was enlarged to include holdings by brokers and dealers of certain types of short-term money market instruments. Substantial revisions of the C-series forms filed by nonbanking enterprises were effective with reports as of December 31, 1978; the new data series are shown beginning with the June 1979 Issue. Revisions of the TIC forms that affect the format and coverage of the current Capital Movements tables are noted under "Description of Statistics" below. , There is no separate exemption level for the semiannual reports. Banks, securities brokers and dealers, and in some Instances nonbanking enterprises report monthly their transactions In securities with foreigners; the applicable exemption level is $500,000 on the grand total of purchases and on the grand total of sales during the month covered by the report. Quarterly reports are filed by exporters, importers, industrial and commercial concerns, financial institutions other than banks and brokers, and other nonbanking enterprises if their liabilities to, or claims on, unaffiliated foreigners exceed a specified exemption level on a two quarter-end average basis. Effective March 31, 1982, this exemption level was set at $10 million, up from $2 million. Beginning December 31, 1978, these firms also report for each month-end their U.S. dollar-denominated deposit and certificates of deposit claims of $10 million or more on banks abroad. Description of Statistics Section I presents data on liabilities to foreigners reported by banks, brokers, and dealers in Che United States. Beginning April 1978, the following major changes were made in the reporting coverage; amounts due to banks' own foreign offices are reported separately; a previous distinction between short-term and long-terra liabilities was eliminated; a separation of the liabilities of the respondents themselves from their custody liabilities to foreigners and foreign currency liabilities are only available quarterly. Also, beginning April 1978, the data on liabilities were made more complete by extending Co securities brokers and dealers the requirement to report certain of their own liabilities and all of their custody liabilities to foreigners. ; , Basic Definitions The term "foreigner" as used in the Treasury reports covers all institutions and individuals domiciled outside the United States, including U. S. citizens domiciled abroad, and the foreign branches subsidiaries and offices of U.S. banks and business concerns; the central governments, central banks and other official Institutions of foreign countries wherever located, and international and regional organizations, wherever located. 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. , , 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, a distinction was made between banks claims held for their own account and claims held for their domestic customers. The former are available in a monchly series whereas Che lacter data are collected on a quarterly basis only. Also, Che distinction in reporting of long-term and short-terra components of banks' claims was discontinued. Maturity data began Co be collecCed quarCerly on a Cirae remaining Co maCurlty basis as opposed to the historic original maCuricy classification. Foreign currency claims are also collected only on a quarterly basis. Beginning March 1981, this claims coverage was extended to certain Items in the hands of brokers and dealers in the United States. ' , In general, data are reported opposite the foreign country or geographical area in which the foreigner Is domiciled, as shown on Che records of reporting institutions. For a number of reasons, the geographical breakdown of the reported data may not In all cases reflect the ultimate ownership of the assets. Reporting institutions are not expected to go beyond the addresses shown on their records and so may not be aware of the country of domicile of the ultimate beneficiary. Furthermore, U.S. liabilities arising from deposits of dollars with foreign banks are reported generally in the Treasury statistics as liabilities to foreign banks, whereas the liability of the foreign bank receiving the deposit may be to foreign official Institutions or to residents of another country. , Data pertaining Co branches or agencies of foreign official institutions are reported opposite the country to which the official institution belongs. Data pertaining to international and regional organizations are reported opposite the appropriate international or regional International classification except for the Bank for Settlements which is included in Che classification "Other Europe." Geographical Classification A number of changes in geographical classification were Introduced Several most Capital Movements tables in the July 1978 issue. countries formerly Included in "Eastern Europe" and "Other Latin American Republics" are now shown separately in the country list as well as a new category in the "International and regional" grouping for "Middle Eastern Regional" in view of the proliferation of regional financial organizations in that area, primarily in the Arab States. The remaining countries in the categories "Other Eastern Europe" and "Other Western Europe" were combined into a single "Other Europe" category; and the heading America and "Latin America" was retltled "Latin Caribbean." To the extent possible, the statistics for earlier dates have been adjusted in accordance with these revised geographical categories. for Reporting Coverage Another important change in the claims reporting, beginning with new quarterly data as of June 30, 1978, was the adoption of a broadened concept of "foreign public borrower," which replaced the previous category of "foreign official institution" Co produce more meaningful The inf ormaCion on lending Co Che public sector of foreign countries. terra "foreign public borrower" encompasses central governments and departments of central governments of foreign countries and of their banks, stablllzacion funds, and exchange possessions; foreign central corporations and other agencies of central governments, authorities including development banks, development Institutions and other agencies which are majority-owned by the central government or its departments; State, provincial, and local governments of foreign countries and their departments and agencies; and any International or regional organization or subordinate or affiliated agency thereof, created by treaty or convention between sovereign states. ; Section III Includes supplementary scaciscics on U.S. banks' The supplementary data on llabllicies Co, and claims on, foreigners. nonbank foreigners combine selected banks' loans and credits to information from the TIC reports with data from the monchly Federal Reserve 2502 reports submitted for major foreign branches of U.S. Other supplementary data on U.S. banks' dollar liabilities to, banks. and banks' own dollar claims on, countries not regularly reported separacely are available semiannually in the April and October issues of Che Bulletin. 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 The brokers, and other nonbanking enterprises in the United States. data exclude the Intercompany accounts of nonbanking enterprises in the wich United States with their own branches and subsidiaries abroad or (Such transactions are reported by their foreign parent companies. business enterprises to the Departmenc of Commerce on Its direct claims held chrough banks In exclude The data also investment forms.) Beginning with data reported as of December 31, the United States. 1978, 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 In addition, the number of reporters increased original maturity basis. somewhat as a result of a broad canvass of prospecClve reporcers undertaken In late 1978. Reporcs holding companies. are required from banks, bank and International Banking brokers Facilities (IBF's), securities dealers, and nonbanking enterprises in the United States, including the branches, agencies, subsidiaries, and other affiliates in the United States of foreign firmsEntitles that have reportable liabilities, claims, or securities transactions below specified exemption levels are exempt from reporting. Banks and some brokers and dealers file reports monthly covering their dollar liabilities to, and dollar claims on, foreigners in a number of countries. Twice a year, as of June 30 and December 31, they also report the same liabilities and claims items with respect to foreigners in countries not shown separately on the monthly reports. Beginning wlch reports due as of June 30, 1978, quarterly reports are filed with respect Co liabilities and claims denominated in foreign the 1982, currencies vis- a -vis foreigners. Effective January 3 specified exemption level applicable to the monthly and quarterly banking reports is $10 million and Is based on the average for the report dates during a six-month period, including the current report 1 , 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 The data cover new Issues of Statistics" section. Table IFS-3). securities, transacdons In ouCstandIng Issues, and redemptions of In Che United States for execuCed cransaccions include They securlcles. for the the account of foreigners, and transactions executed abroad The customers. domestic their account of reporting Institutions and direct as classified are which transactions some Include data exclude The data Investments In the balance of payments accounts. securlcles Issued abroad by foreign subsidiaries of U.S. corporations, of U.S. some of which are Created In the balance of payments as Issues corporations. shows The geographical breakdown of the data on securities transactions sellers of the the country of domicile of the foreign buyers and Treasury Bulletin 76 CAPITAL MOVEMENTS securities; in the case of outstanding issues, this may differ from the country of the original Issuer. The gross figures contain some offsetting transactions between foreigners. The net figures for total transactions represent transactions by foreigners with U.S. residents; but the net figures for transactions of individual countries and areas may include some transactions between foreigners of different countries. The \J data published In these sections not do cover all types of reported capital movements between the United States and foreign The principal exclusions are the intercompany capital countries. transactions of nonbanklng business enterprises in the United States with their own branches and subsidiaries abroad or with their foreign parent companies and capital transactions of the U.S. Government. Consolidated data on all types of International capital transactions are published by the Department of Commerce in its regular reports on the U.S. 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 district Federal Reserve banks. NOTICE Changes affecting a number of tables are underway in most Capital Movements sections of the Treasury Bulletin. Effective with this issue, the following tables will no longer be published: CM-II-1, CM-II-6, CM-VI-4, CMVI-5, CM-VI-6, CM-VI-7, and CM-VI-8. Remaining tables In each section are renumbered accordingly. Also beginning with this issue, Table CM-III-l, "Dollar claims on nonbank foreigners," presents the data series reported by U.S. banks and their major foreign branches formerly shown in Table CM-III-2. The data which summarize U.S. banks dollar liabilities to, and claims on, a supplementary list of countries will now be published semiannually In the April and October Issues ' only. Selected reformatting and consolidation of several remaining data series will also appear In subsequent issues. May 1982 77 .CAPITAL MOVEMENTS, Section I - Liabilities to Foreigners Reported by Banks in the United States - Total Liabilities by Type of Holder Table CM-I-1. ^ End of (In millions of dollars) . 78 Treasury Bulletin CAPITAL MOVEMENTSTable CM-I-2. - Total Liabilities by Type, Payable in Dollars Part A - Foreign Countries (In millions of dollars) Official institutions 1/ Banks End of calendar year or month Total foreign coun- 1981-Mar. V Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb. p Mar. p Time II tries CD 1977 1978 1979 1980 1981 Deposits (2) (3) Other foreigners U.S. U.S. Deposits Treas. bills S certificates Other liabilities 2/ Demand (4) (5) (6) Time 2/ U.S. Deposits Treas. bills & certlflIcates Other llabllItles 2/ (8) (9) To own foreign offices 3/ Demand (10) (U) Time 2/ Treas. bills S certlf 1Icates (12) (13) Other liabilities 2/ 122,893 164,235 185,164 202,953 239,507 3,528 3,390 4,671 3,771 2,612 1,797 2,560 3,050 3,612 4,180 47,820 67,415 47,666 56,243 52,389 12,677 17,376 22,819 22,997 19,524 10,933 11,257 13,285 14,188 11,613 2,040 1,429 1,667 1,703 9,156 141 300 422 623 1,683 29,222 7,126 9,125 11,231 16,690 37,311 63,817 68,670 95,718 4,304 4,242 5,087 5,356 5,212 7,546 8,353 8,755 9,676 15,916 240 285 382 474 698 2,645 3,189 4,418 4,408 4,115 201,694 r204,058 r211,824 r212,030 r207,466 r212,554 r206,e24 r214,729 rl97,291 r206,708 239,827 248,284 251,521 257,318 3,338 3,232 3,768 3,444 3,975 3,134 3,714 2,697 2,668 2,459 2,612 2,404 2,385 2,347 2,920 2,950 2,424 2,654 2,563 2,090 2,021 rl,986 1,692 rl,910 4,192 3,684 4,236 4,692 60,492 60,487 61,670 57,858 57,719 r55,661 r52,922 r50,181 48,867 49,644 52,389 52,306 48,364 47,048 21,014 21,098 19,384 17,494 18,713 20,732 17,204 18,187 16,569 rl9,067 19,502 18,010 17,861 17,826 12,565 12,567 13,493 13,394 13,630 12,929 13,255 15,199 11,346 12,908 11,614 10,893 10,444 9,263 2,324 2,305 1,549 1,685 1,728 1,573 1,686 rl,875 1,631 1,837 8,601 10,472 13,400 18,037 826 r842 r846 r948 1,170 1,069 1,217 1,439 1,574 1,584 1,683 1,853 1,876 2,213 10,568 rl2,488 rl2,040 rll,191 rll,180 rl2,048 rll,265 rll,729 rl2,2e6 12,924 16,712 17,333 16,979 19,521 66,844 r66,875 r74,975 r81,573 r74,102 r80,815 r80,434 r87,809 r76,511 r79,951 96,571 105,026 107,864 107,217 5,259 5,270 5,205 5,209 5,347 5,127 4,872 5,447 r4,873 5,373 5,189 4,906 4,866 4,749 10,961 rl0,998 rll,682 rll,645 rl2,280 rl2,724 rl3,490 rl3,399 rl4,266 rl4,280 15,963 16,918 18,542 19,827 607 654 3,976 r4,292 r4,078 r4,356 r4,490 r4,076 r4,117 r4,127 4,354 4,135 4,101 3,723 3,890 3,795 Part B - 709 581 568 575 624 654 656 635 698 755 815 782 Nonmonetary International and Regional Organizations (In millions of dollars) Deposits End of calendar year or month U.S. Treasury bills and (2) 1977 1978 1979 1980 1981 1981-Mar. W. Apr May June. July Aug Sept Oct Nov Dec . . 1982-Jan Feb. p.. Mar. p.. XJ _2/ (3) (5) 3,245 2,607 2,356 2,344 2,721 231 330 260 146 262 139 84 151 85 58 706 1,854 1,854 1,816 1,814 1,777 rl,797 1,650 1,826 1,981 2,317 2,721 2,148 2,090 2,049 126 126 178 147 224 222 233 249 185 388 262 130 135 209 67 67 81 75 75 59 60 58 74 333 333 63 213 289 247 84 96 184 142 58 86 76 143 217 277 109 Nonmonetary International and regional organizations Include principally the International Bank for Reconstruction and Development and the Inter-Amerlcan Development Bank. Includes Bank for International Settlements. Time deposits exclude negotiable time certificates of deposit, which are Included In "Other liabilities." Note: Other liabilities 2/ certificates 80 2J ^/ p 201 102 254 541 541 Data not available separately prior to April 1978. Data on the two lines shown for this date differ because of changes In reporting coverage. Figures on the first line are comparable In coverage to those shown for the preceding date: figures on the second line are comparable to those shown for the following date. Preliminary. Revised. r 2,169 1,992 1,844 1,859 1,860 1,328 1,328 1,494 1,374 1,189 rl,253 1,275 1,422 1,554 1,713 1,860 1,714 1,602 1,588 Uay 1982 79 CAPITAL MOVEMENTS. Table CM-I-3. - Total Liabilities by Country (Poslcton at end of period In millions of dollars) Calendar year F<b. p 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 Kingdom U.S.S.R Yugoslavia Other Europe : Total Europe 426 2,490 64 14 116 16 1,093 399 10,547 60 13,105 636 499 456 12,256 74 10,145 670 56 61 7,808 2,361 1,273 7,621 2,475 1.353 130 122 559 376 16 31 1,275 2,009 18,103 224 24,851 1,514 1,756 16,952 242 23,098 68 681 53 266 4,071 91^ 6,940 92,414 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 535 4,357 10,344 1,600 15,296 462 1,010 11,559 468 2,624 13 425 414 76 4,212 499 4,491 383 518 202 4,196 2,191 16,433 732 1,219 13,341 460 3,086 6 371 367 97 4,569 413 5,521 404 495 254 3,185 Total Latin America and Caribbean. Asia: China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand Oil-exporting countries Other Asia Total Asia 50 1,394 1,677 532 505 709 8,981 995 217 166 374 796 696 _1^/. ., Africa: Egypt Ghana Liberia Morocco South Af rica Zaire Oil-exporting countries Other Africa Total Africa Other countries: Australia All other 138 116 473 919 1,201 26 16 286 15,322 408 469 14,476 33,135 42,661 475 486 48 46 2^/. 52 1,662 2,633 422 730 889 16,390 1,528 546 141 91 33 187 110 33 296 1,635 617 ,540 647 57 3,243 700 242 968 299 Total other countries Total foreign countries.... International and regional: International European regional Latin American regional.... Asian regiona 1 African regional Middle Eastern regional.... Total International and regional Grand total 206,668 249 20 1,157 38 924 251 7 2,362 209,045 80 Treasury Bulletin CAPITAL MOVEMENTSTable CM-I-4. - Total Liabilities by Type and Country, as of March 31, 1982 Preliminary (Position In millions of dollars) Total llablllcles Liabilities payable In dollars To foreign official Institutions and unaffiliated foreign banks Payable Payable Total in dollars In foreign currencies 1/ Banks own liabilities Custody liabilities Deposits Demand Time 2/ Shortterm U.S. Treasury obllgatlons Liabilities to all other foreigners Liabilities to banks' own Other foreign llabll- offices ities Deposits Demand Time Short2_/ term U.S. Other Treasury liabllobllgaItles Memorandum Negotiable CD's held for all foreigners (15) Europe: Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland Prance 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 541 3,135 110 37 516 274 7 .830 73 7,765 472 87 4,350 3,094 1, 523 42 273 82 1,150 1 ,361 19,652 292 35,739 44 , 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 4 3,111 3,678 174 1,341 1 , 19,182 951 2 , 659 7 513 590 7 129 ,694 3,473 4 ,334 538 461 322 5.118 Total Latin America and Caribbean Asia: China: Mainland 294 Taiwan Hong Kong 2,215 4,278 India Indonesia Israel 4 39 1,127 449 22, 103 2,140 145 438 Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand Other Asia 311 672 2,637 23 Total Asia Africa: Egypt Ghana Liberia 297 41 237 36 335 69 1.389 Morocco South Africa Zaire Other Africa Total Africa Other countries Australia. All other : Total other countries... Total foreign countries... International and regional International European regional Latin American regional Asian regional African regional Middle Eastern regional Total international and regional Grand total 1,081 62 637 265 9 * 2,053 263,107 520 ' f^ay 1982 81 .CAPITAL MOVEMENTSi Section II - Claims on Foreigners Reported by Banks in the United States Table CM-II-1. - Total Claims by Type (In millions of dollars) Payable In dollars End of calendar year or quarter-end month Total claims Banks own claims ' (2) 1978-June Sept Dec 19 79-Mar June Sept Dec 125,016 121,851 129,544 146.931 154,008 150,553 157,006 158,322 178, 589 190,861 203,860 Dec U June Sept Dec. 99.892 105,249 126,743 132, 717 1980-Mar June Sept 1981-Mar. 103 , 320 108 ,648 130,7 71 215,542 219,922 234,823 249 ,890 p 293,874 154,491 174,917 187,063 198,695 210,904 215,191 230,776 245,563 287,731 (3) 90,761 Payable In foreign currencies Claims of banks domestic customers (4) ' Banks ovm claims (5) C6) Claims of banks domestic customers ' (7) 82 Treasury Bulletin CAPITAL MOVEMENTS, Table CM-II-2. - Total ClaimB by Country (Position at end of period In millions of dollars) Calendar year 1980 Europe: Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland France Cerman Democratic Republic. Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania. Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe 298 1,604 8A 12 165 232 4,107 67 1,566 224 421 1,963 632 300 613 352 129 1,223 635 1,338 188 24,168 346 681 209 263 2,078 57 16 175 526 4,411 88 1,446 369 497 3,739 733 261 645 350 142 1,255 925 1,714 187 27,024 415 924 242 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 4,662 19,102 478 8,244 10,226 1,499 1,660 16 1,105 162 55 9,360 277 6,109 685 69 130 5,007 Total Latin America and Caribbean Asia: China: Mainland. Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand 011-exportlng countries 21.. Other Asia Total Asia 45 2,161 1.859 116 172 1,057 18,181 3,946 62 233 388 789 1,178 22 973 1,896 204 33,284 Africa: Egypt Ghana Liberia Morocco South Africa Zaire 124 25 271 130 647 164 Oll-exportIng countries Other Africa 3^/. 550 456 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 53 10 16 6 1981p Sept. Dec. p ; : f^ay 1982 85 .CAPITAL MOVEUENTS. Tabic CM-II-3. - Tot«l Claiae on Foreigner a by Typa Aad Co an try Reported by Banks in the U.S. as of December 31, 1981 (Position at end of period In nJlllons of dollars) Reporting banks' own claims Claims of banks' domeatlc cugtomers Memorandum Country Total claims Total banks ' ovn claims Remaining maturity of claims on foreign public borrowers and unaffiliated foreigners One year or less 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 Kingdom U.S.S.R Yugoslavia Other Europe 210 3,117 28 6S 235 616 5 ,256 193 1,330 A49 760 5,564 1.061 419 709 554 112 2,355 1,421 2,502 478 45,003 832 1,316 254 Total Europe Canada . Latin America and Caribbean: Argentina Bahamas 7,844 44,182 Berotuda 332 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 17,462 22,613 3,801 2 . 129 5 1,612 176 85 22,815 1,269 7,076 1 , 282 141 195 7,533 Asia: China Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines, Singapore Syria Thailand Other Asia 437 1,644 30, 740 7 ,455 58 225 477 1 ,899 Total Asia 55.943 129 2,913 4,217 177 2,310 36 593 2.632 Africa: Egypt Ghana Liberia 261 39 611 317 1,203 147 Morocco South Africa Zaire Other Africa 1,733 Total Africa 4,313 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 1,696 235 1,931 293,818 1 30 26 * * 2. 56_ 293,874 194 More than one year foreign offices Total claims payable In foreign currencies Customer liability on acceptances Payable Payable In dollars foreign currencies 84 Treasury Bulletin CAPITAL MOVEMENTS Table CM-II-4. - Banks' Own Claims, by Type (In millions of dollars) Payable In dollars Payable In foreign currencies May 1982 85 CAPITAL MOVEMENTS Table CM-II-5. - Domestic Customers' Claims by Type (Position In mllllone of dollars) Payable in dollars End of calendar year or quarterend month Total claims of banks domestic customers ' (U Deposits Negotiable and readily transferable Payable In foreign currencies Collections and . 86 Treasury Bulletin CAPITAL MOVEMENTS, Table CM-III-l- - Dollar Claims on Nonbank Foreigners (Position aC end of period In millions of dollars) End of calendar year or month Total dollar claims on nonbank foreigners Dollar claims of U.S. offices U.S. agencies & branches of foreign banks U.S. -based banks Dollar claims of U.S. -based banks' major foreign branches l_t (1) C2) (3) (4) 1978 1979 1980 102,883 116,809 136,912 20,399 23,824 28,751 13,080 21,651 28,653 69,404 71,334 79,508 1981p 165,456 4 1,289 38,777 85,390 28,537 28,809 29,587 29,931 30,674 31,045 32,980 32,136 r32,143 r31,910 r31,434 r32,510 41,289 43,683 45,175 28,449 28,201 28,865 28,865 28,873 28,418 28,974 29,851 r31,056 r31,598 r31,451 r33,115 38,777 39,554 39,837 79,157 80,101 82,449 82,449 83,338 83,694 84,441 85,409 87,058 88,564 90,787 92,176 85,390 81,611 82,642 1981-Jan Feb Mar Apr. y. . .. May June. .. July... Aug. . . Sept.. Oct . Nov Dec. .. 1982-Jan. p. Feb. p. \J y 136,143 137,111 140,901 141,245 142,885 143,157 146,395 147,396 rl50,257 rl52,072 rl53,672 rl57,801 165,456 164,848 167,654 Federal Reserve Board data. Data on the two lines shown for this date differ because of changes In reporting coverage. Figures on the first line are comparable In coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the following date. Preliminary. Revised. May 87 1982 _^.^i^»i^^_i^^^^^^ CAPITAL MOVEMENTS ^^^mmm^^—^^^^^.^^^,^^^^^ Liabilities to Foreigners Reported by Nonbanking Business Enterprises in the United States Table CM-IV-1. - Total Liabilities by Type Section IV - (In millions of dollars) 10, . . 88 Treasury Bulletin I CAPITAL MOVEMENTS Table CM-IV-2. - Total Liabilities by Country (Poaltlon at end of period In millions of dollars) Calendar year Sept. 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 : 27 50 61 299 n.a. n>a> 38 424 390 483 577 640 40 570 1 * 1 37 9 39 1 6 39 7 449 494 1 1 664 889 9 276 n.a. 539 86 n.a. 173 518 * 1 1 47 17 21 29 22 641 909 871 925 1,400 36 38 I 201 475 2 34 27 355 637 7 2 1 1,138 1,020 48 45 1 3 4 264 1,056 409 882 467 790 35 29 24 6 3 471 971 38 454 889 4 6 3 11 n.a. 83 17 37 23 52 226 480 250 179 846 7 5 5 4 6 3,540 ,789 13 4,549 .372 ,403 13 6 4,769 4,741 159 99 499 60 50A 109 1,956 2,363 107 111 56 170 137 550 55 2,991 89 101 57 23 51 189 121 701 3 25 50 251 94 696 33 50 203 107 950 Total Europe Canada . Latin America and Caribbean Argentina Bahamas : 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 43 * II n.a. n.a. 145 46 25 15 23 4 219 104 Total Latin America and Caribbean Asia 44 478 44 56 211 18 Berimida 2,354 1,484 : China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea 8 157 42 37 56 67 999 103 Ubanon 151 70 27 67 73 ,158 2 Malaysia Pakistan Philippines Singapore Syria Thailand 011-exportlng countries Other Asia 16 Africa Egypt Ghana ....................... Liberia Morocco South Africa Zaire 01 1-exportIng countries v.. Other Africa 21 255 73 2 4 5 5 50 29 41 166 18 67 11 2 1 60 53 3 17 56 52 73 46 31 1,524 43 1,550 1,045 928 41 34 91 1,006 101 3.176 3,616 3,711 13 40 6 112 20 46 320 52 Total foreign countries. : * 215 n.a. 215 11,085 181 314 131 1,462 166 37 29 61 86 1,511 4 27 180 133 1,609 22 235 99 29 3 3 Total other countries.... Grand total 17 280 95 43 291 117 1,576 195 lOI 26 142 229 3 : Total international and regional 26 286 60 32 267 126 1,445 199 2 220 Total Africa International and regional International European regional Latin American regional Asian regional African regional.... Middle Eastern regional 1,219 98 5 : Other countries Australia All other 1,165 63 75 69 10^ Total Asia 54 204 104 60 193 119 18 19 100 223 3 _2/. 14 19 99 56 154 65 26 78 95 60 47 1 15 867 100 3,648 912 352 Dec. p • M.ay 1982 89 CAPITAL MOVEMENTS: Table CM-IV-3. - Total Liabilities by Type and Country as of December 1981, 31, Preliminary (Position In millions of dollars) Country Total liabilities Financial liabilities Conuaerclal liabilities Payable In dollars Payable In foreign currencies (4) Europe: Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland France German Democratic Republli Cemany Greece Hunga ry Italy Ne therlands Norway Poland Portugal Romania Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe (5) 39 10 29 475 387 71 5 5 1 I 560 419 26 33 573 1 1 1 1 31 33 1,134 5 1 1 1,019 468 291 37 5 5 141 4 178 9 * * 9 439 972 63 36 751 35 403 698 2 2 221 61 5 55 52 1 1 5 3 3 * 52 52 192 104 214 118 1,106 13 14 9 130 561 415 709 863 5 4 3,944 12 11 23 31 Total Europe Canada Latin America and Caribbean Argentina Bahamas... Bermuda Brazil Brlstlsh West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles Panama... Peru Trinidad and Tobago Uruguay Venezuela Other Latin Ajoerica and Caribbean 123 1,281 74 89 1,202 46 48 30 23 76 1,279 7 76 1.229 7 22 22 1,200 1,199 6 6 27 27 * 17 19 17 18 6 3 3 402 266 66 109 265 109 265 41 52 23 29 374 Total Latin America and Caribbean 41 9 2 9 2 12 12 98 98 3,258 3,206 5 5 12 2 Asia: China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon. ....... .......... Malaysia Pakistan Philippines Singapore. Syria Thailand. . Other Asia . .- 22 337 143 24 221 139 1,607 184 13 2 * 10 10 664 180 1 3 138 12 58 46 1 37 1,258 4,230 Total Asia Africa: Egypt Ghana Liberia 58 17 3 34 190 Morocco South Africa Zaire Other Africa Total Africa Other countries Australia All other Total other countries.... Total foreign countries.. : 260 82 20 22 18 19 2,424 International and regional: International European regional Latin American regional. Aalan regional African regional Middle Eastern regional.. Total International and regional Grand total 551 32 21,495 11,073 2,424 Treasury Bulletin 90 .CAPITAL Section V - MOVEMENTS Claims on Foreigners Reported by Nonbanking Business Enterprises Table CM-V-1. - Total Claims by Type ^ Total the United States (In millions of dollars) Payable in dollars End of calendar year or quarter-end month in Payable In foreign currencies • May 1982 91 .CAPITAL MOVEMENTS. Table CM-V-2. - Total Claims by Country (Position at end of period In millions of dollars) Calendar year Europe Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland Prance German Democratic Republic. Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania : 32 198 n.a. n.a. 57 94 497 n.a. 450 60 n.a. 415 322 67 n.a. 52 n.a. Spal n 402 Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe 139 298 26 2,703 176 36 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 : 151 1,511 n.a. 814 n.a. 282 92 10 n.a. n.a. n.a. 527 36 186 82 n.a. 25 461 Total Latin America and Caribbean Asia China: Mainland Taiwan Kong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore 5yrla Thai land Oil-exporting countries^/.. Other Asia : 3 231 98 60 266 213 989 346 n.a. n.a. n.a. 175 n.a. n.a. 27 n.a. 655 3,065 Total Asia Africa : Egypt Ghana Liberia. Morocco South Africa Zaire Oil-exporting countries Other Africa 27 n.a. n.a. 11 113 31 _3/. n.a. 394 Total Africa Other countries Australia All other 577 : 138 53^ Total other countries 192 19.342 Total foreign countries International and regional International European regional Latin American regional Asian regional African regional Middle Eastern regional : * 1 7 * n.a. Total international and regional Grand total 8 19 350 . 35 1980 Treasury Bulletin 92 CAPITAL MOVEMENTS Table CM-V-3. - Total Claims by Type and Country as (Position In millions of dollars) of December 31, 1981 ]^ay 1982 93 CAPITAL MOVEMENTS i Section VI - Transactions in Long-Term Securities by Foreigners 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; nefiatl ve figures Indicate net sales by foreigners or a net outflow of capital froa the United States) Marketable Treasury bonds and notes U.S. Gov't corporations and Corporate and other securities Federally-sponsored agencies Net foreign purchases Foreign countries Calendar >ear or month Total (1) 1977 1978 1979 1980 1981 1982-Jan.-Har.p... 1981-Mar Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb. p Mar. p Official Other Instlforeigntutlons ers (2) 22,843 20,377 4,710 3,729 2,863 1,697 4,898 3,865 rl5,007 rll,694 5,436 4,494 1,525 368 r714 1,266 1,149 1,799 1,251 1,480 rl,888 762 1,286 2,314 1,837 (3) 753 598 868 1,873 r2,229 1,070 1,084 495 147 321 r366 141 315 r392 980 798 rl,529 1,376 rl,632 rl,997 -787 841 2,343 1,311 21 94 65 -165 355 479 82 510 International and regional (4) 1,713 Gross foreign purchases Cross foreign sales (6) Net foreign purchases (7) Gross foreign purchases Cross foreign sales Net foreign purchases Cross foreign purchases (U) Gross foreign sales (12) Net foreign purchases (13) Gross foreign ourchasi purchases (14) Gross foreign (15) . Treasury Bulletm 94 CAPITAL MOVEMENTS. Table CM-VI-3. Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country - (In millions of dollars; negative figures Indicate net sal es by foreigners or a net outflow of capital from the United States) Calendar year Country 1979 1980 1981 1981 1982 through Mar. Europe Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland France German Democracic Republic. Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania..... Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe p ! 100 466 25 -169 28 173 _ -6 54 293 _ 2,880 -12 -2,897 1,146 1,194 * * 3 _ _ _ * 2 2 108 418 37 34 _ 71 93 _ * * 1 16 40 17 57 -22 16 55 21 133 - _ * 8 -2 -6 -2 -24 28 -5 105 -13 * _ * 97 -18 _ * ^ _ _ 13 14 8 * 362 48 105 54 15 -312 -52 -383 187 -14 - - * 1,003 947 -614 328 - - _ _ _ _ _ _ * -3 1 * -4 _ 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 3 3^ 11 -26 * * * * * -2 84 - -1 • 3 • * * - * _ * * -113 * * 24 13 1 258 -290 -27 - - * 75 - 144 32 * * 189 -6 * ~ - -2 -41 Total Latin America and Caribbean Asia * 10 3 * -2 * -150 3 _ _ j _ 6 * 1 ^l 1 50 532 -262 24_ : China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand Oil-exporting countries Other As la _ * _ 209 -5 178 -5 - 86 11 * 25 18 1,301 -230 423 _ -7 -26 _ Total Africa -101 -1,014 -5 Africa : Egypt Ghana..... Liberia Morocco South Africa Zaire Oll-exportlng countries 2/-Other Africa - 58 -1.696 - J,/.. * 42 -354 -124 -125 Total Asia Other countries Australia All other * 20 -3 - - * l 66 _ -65 _ _ 19 * 1 -43 rl99 468 30 * _ * 7,672 11.156 2.862 _ _ 2 ^ ^ * -1,683 6,307 rl2,559 3.860 _ - _ _ _ _ _ - * - 1 1 1 * » "100 327 _ -289 -231 * * * * 299 -840 1,089 -109 _ , : Total other countries* , .. Total foreign countries.. International and regional International European regional Latin American regional Asian regional African regional Kiddle Eastern regional Total International and regional Grand total y : - _ _ _ -3 - -1 _ -35 30 _ -IS _ - - ~ ;^ 3 -5 299 -841 1,084 -129 2,863 4,898 rl5,007 5,436 Includes Bahrain, Iran, Iraq, Kuwait, Oman. Qatar, Saudi Arabia, and the United Arab Emirates (Truclal States). 14 36 33 t f^ay 1982 95 .CAPITAL MOVEMENTS. Table CM-VI-4.-Foreign Purchases and Sales of Long-Term Secarities, by Type and Country, During March 1982 Preliminary (In millions of dollars) Gross purchases by foreigners Total purchases Country (I) Europe: Austria Marketable Treasury & Federal Financing Bank bonds & notes Domestic Bonds of U.S. Gov't corp. and Federal lysponsored agencies (2) (3) 33 Belgium-Luxembourg Bulgaria Czechoslovakia 136 45 47 De nma rk 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 573 32 43 179 * 797 13 127 664 113 157 Total Europe Canada . Latin America and Caribbean: Argentina Bahama s ••*• Bermuda Brazil British West Indies Chile Co lombla Cuba Ecuador Guatemala Jama lea Mexico Netherlands AnCllles Panama Peru Trinidad and Tobago Uruguay Venezuela. Other Latin America and Caribbean Total Latin America and Caribbean 6 89 222 1 89 1 100 35 < Asia: China: Mainland Taiwan Hong Kong ' India Indonesia Israel 61 1,513 Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand Other Asia < 2 16 896 1,948 4,860 Total Asia Africa: Egypt Ghana Liberia Morocco South Africa Zaire Other Africa Total Africa Other countries Australia All other : 12 69 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 ,537 : Corporate other & Gross sales by foreigners Foreign securities Total sales Marketable Treasury S Federal Financing Bank bonds & notes Domestic securltle Bonds Corporate & of U.S. other Gov' Corp. Federallysponsored agencies Bonds Stocks Foreign securities 96 Treasury Bulletin CAPITAL MOVEMENTS Table CM-VI-6. Foreign Purchases and Sales of Long-Term Securitie by Type and Country, During Calendar Year 1981 - (In mlllJons of dollars) Gross purchases by foreigners Country , fAay 1982 97 FOREIGN CURRENCY POSITIONS Background Data positions of those foreign of firms in ma jorlty-ovmed branches, foreign 1974 since and nonbanking banks majority-owned subsidiaries of foreign the on currency United States the partnerships, foreign banks U. S. and on , and Reporting has been required pursuant to title U.S. dollars held abroad. II of Public Law 93-110, September an amendment to the Par Value Modification Act Implementing and Treasury involved. regardless of the original maturity of the "Spot" means due for receipt or delivery within days from the date of the report. instrument business 2 "Short-term" means maturing In 1 year or less from the date of the report. nonbanking and Reports cover eight major foreign exchange market currencies and firms. report, the collected been have "Majority-owned foreign partnerships" are those organized under the of a foreign country In which one or more nonbanking concerns or laws nonprofit institutions in the United States, directly or Indirectly, own more than percent 50 profit Interest. "Majority-owned foreign regulations. subsidiaries" are foreign corporations In which one or more nonbanking Statistics on the positions have been published monthly since March 1977 business concerns or nonprofit institutions located In the United States beginning with data for December 1975. directly or indirectly own stock with more than 50 percent of the total of 1973, 21, The report forms and instructions used in the collection of bank data were revised effective with reports as of November 1, 1978, for the combined voting power of all classes of stock entitled to vote, or more than 50 percent of the total value of all classes of stock. weekly reports, and as of October 31, 1978 (the last business day of the month) , for monthly the nonbank foreign currency forms last The reports. most below) (see revision recent of the became effective as of the Among the changes on the forms, business day of September 1978. the Belgian franc was deleted as a reporting currency. Bulletin. with beginning publication from May the The exemption level applicable to banks and banking institutions is $10 million equivalent. The exemption level applicable to nonbanking business concerns and nonprofit institutions was $1 million equivalent The monthly tables for all eight major foreign currencies have been deleted Reporting Threshold Treasury 1982 All tables for the Italian lire and franc were also deleted. on nonbank forms all from March 1975 through November 1976. was It raised to $2 million equivalent on the monthly reports of positions held In United the States from November 1976 through September 1978. The exemption level was raised to $3 million on foreign subsidiary positions June on Common Definitions and Concepts and 1977, 31, for positions held entire foreign United the in on States September 30, 1978. The term "United States" means the States of the United States, the District Columbia, of Firms Commonwealth of Puerto Rico, American Samoa the the Virgin Islands, and Wake Island. the Canal Zone, Midway Island, term "foreign" means locations other than the "United States." The The term "worldwide" Is used to describe the sum of "United States" and "foreign" specified is must reached bought report their currency foreign currency If a specified U.S. any category of assets, In sold, and or the net position position in a dollar equivalent value liabilities, exchange contracts in the currency. In general, exemption levels are applied to the entire firm in the United States and data. separately to each foreign branch or subsidiary. Data for the proprietorships, including the concerns, in agencies, United States partnerships, U.S. the branches, branches case and of and and include corporations subsidiaries "nonbanking subsidiaries foreign banks and banking amounts Institutions , In the in in positions," the United sole by United foreign of firms" located reported States nonbanking and Che States of the case of the weekly and reports on their In foreign branches, majority-owned foreign partnerships and majority-owned foreign subsidiaries, U.S. banks and nonbanks are required to report the U.S. and dollar-denominated assets, sold, and net reportable with subsidiaries positions exchange contracts bought liabilities, of those branches, positions in the partnerships, specified and foreign currencies. monthly "bank positions." Data for "foreign branches" and "abroad" include amounts reported by the branches, majority-owned partnerships and subsidiaries of U.S. banking and nonbanking concerns. In general, these data do not reflect the positions of foreign parents or foreign parents' subsidiaries located abroad except through intercompany accounts. The data Include the foreign subsidiaries of a few foreign-owned U.S. -based corporations. Assets, Description of Statistics majority-owned Data collected on the Treasury foreign currency forms are published a summary reported. of worldwide Sections foreign currency. II net through positions VI each and foreign exchange contract data are reported on the basis of time remaining to maturity as of the date of in all present of the data on currencies a specified Section VII presents the U.S. dollar positions of the foreign branches and subsidiaries of U.S. liabilities, The first section presents in the Treasury Bulletin in seven sections. firms which are required to report in one or more of the specified foreign currencies. 98 Treasury Bulletin FOREIGN CURRENCY POSITIONS. Section Table FCP-I-1. - I - Summary Positions Nonbanking Firms Positions y (In millions of foreign currency units) Report date Canadian dollars German marks (1) Japanese yen (2) (3) Swiss francs (4) British pounds U.S. dollars 2/ (5) 1981-Sept. rlO,485 16,574 r283,928 r985 r951 r-986 Dec. 12,143 13,006 428.785 186 -59 6,35') British pounds U.S. Table 1-2. - Weekly Bank Positions 3/ (In millions of foreign currency units) Report date Canadian dollars German marks Japanese yen Swiss francs dollars 4/ (2) 07/01/81 07/08/81 07/15/81 07/22/81 07/29/81 -46 628 36 128 -1 -37 1,593 1,225 1,656 08/05/81 08/12/81 08/19/81 08/26/81 -44 -68 -28 09/02/81 09/09/81 09/16/81 09/23/81 09/30/81 -603 -674 -459 -545 -439 1,240 10/07/81 10/14/81 10/21/81 10/28/81 -621 -465 -193 -292 -494 -137 -72 -62 -152 -185 2,663 2,600 2,326 2,895 2,605 827 18,853 15,837 7,478 -238 -305 -284 -179 -147 -116 -126 2,180 2,863 2,342 2,535 -68 330 954 1,363 30,522 29,803 36,371 25,788 16,171 234 -21 63 -169 -162 -136 -173 -126 2,544 2,531 2,544 2,640 2,624 -122 -322 -309 -160 1,207 890 1,430 1,207 15,143 17,720 13,385 25,552 -97 -186 -166 -121 -52 -179 -186 2,536 2,500 2,713 2,715 11/04/81 11/11/81 11/18/81 11/25/81 -225 -198 -175 -451 2,071 2,296 2,079 1,836 74,073 57,946 107.857 100,905 -215 -473 -136 -106 -71 -90 2,828 3,685 2,161 3,065 12/02/81 12/09/81 12/16/81 12/23/81 12/30/81 -362 -409 -442 1,005 723 524 474 74,936 84,500 60,599 62,426 55,655 -188 -189 -538 -235 -294 -69 -117 -143 -99 -69 2,877 2,987 3,932 3,297 3,635 75 235 -415 See footnotes following Table FCP-VII-2. 532 1,468 814 1,627 1,050 1,516 1,371 617 -17,363 6,817 31,713 9,831 246 90 80 May 1982 99 .FOREIGN CURRENCY POSITIONS, Section II - Canadian Dollar Positions Table FCP-II-1. - Nonbanking Firms' Positions (In millions of Canadian dollars) July y Treasury Bulletin 100 FOREIGN CURRENCY POSITIONS Section III - Table FCP-III-1. - German Mark Positions Nonbanking Firms' Positions u (In millions of marks) Po May 1982 101 FOREIGN CURRENCY POSITIONS, Section IV - Japanese Yen Positions Table FCP-IV-1. - Nonbanking Firms' Positions!/ (In millions of yen) Po Treasury Bulletin 102 FOREIGN CURRENCY POSITIONS Section V - Swiss Franc Positions Table FCP-V-l. - Nonbanking Firms Positions (In millions of Swiss francs) Po i, May 1982 103 FOREIGN CURRENCY POSITIONS Sterling Section VI - Table FCP-VI-1. - Positions Nonbanking Firms' Positions (In millions of Sterling pounds) Short-term trade Position at end of month Liquid assets 2/ CD Shortterm debt 3/ (2) Receivables 4/ Payables 5/ (3) (4) July 1981 260 728 150 Aug. 1981 344 866 172 Sept. 1981 Sept. 1981 3,755 330 4,877 779 ,247 Sept. 1981 4,085 5,656 663 Oct. 1981 195 Nov. 1981 268 823 Dec. Dec. 1981 1981 3,417 220 5,431 838 Dec. 1981 3,637 6,269 173 153 Forward exchange 8/ other assets ^/ (5) Other llabllItles 7/ Bought Sold (6) (7) (8) i' 104 Treasury Bulletin I FOREIGN CURRENCY POSITIONS Section VII - United States Dollar Positions Abroad Table FCP-VII-1. - Nonbanking Firms' Foreign Subsidiaries' Positions (In millions of United States dollars) Short-tenD trade Position (1) y 1 , Niay 1982 105 FOREIGN CURRENCY POSITIONS Footnotes to Tables FCP-I through FCP-VII l^/ Worldwide net positions on the last business day of the calendar V Due in 6/ All current assets other than liquid assets and short-terra trade foreign branches Excludes subsidiaries. have sold been receivables and discounted or investment companies' subsidiaries, majority-owned and Installment before maturity, and paper which U.S. parent majority-owned their In fixed assets partnerships or less; includes intracompany trade payables. receivables, and financial assets maturing In more than one year from the report date. Includes Intracompany accounts, quarter of nonbanking business concerns In the United States and their year I Inventories, prepayments, long-term trade receivables, Intracompany claims, and stocks, (plant and Fixed foreign assets bonds, equipment) and and other parents" long-term securities. Inveatment In majority-owned foreign subsidiaries are excluded. (plant and equipment), and capitalized leases for plant and equipment. ]_/ 2/ Weekly worldwide net in United the owned financial trade intracompany only. V All term Foreign branches and majority-owned partnerships and subsidiaries and their foreign branches Excludes subsidiaries. than short-term debt and short- includes liabilities, accrued long-term expenses, trade payables, and liabilities maturing in more than one year from the report date. Capitalized plant and equipment leases are excluded. positions of banks and banking institutions States, foreign liabilities other payables; and majority- capital assets SJ and Outstanding amounts of foreign exchange which have been contracted to liabilities. received be delivered or in the Excludes future. spot exchange. J*_/ Foreign branches and majority-owned subsidiaries only. ±/ Columns (1),(3),(5), and (7) less columns (2). (4), (6), and (8). SECTIONS II THROUGH VII 10 / Ij their foreign majority-owned and branches subsidiaries. section VII positions of In partnerships Representative rates on the report date. Canadian dollar and United Kingdom pound rates are expressed In U.S. dollars per unit Positions of nonbanking business concerns in the United States and of foreign currency, all others in foreign units per U.S. dollar. and foreign branches and / 1 majority-owned partnerships and subsidiaries only. Banks and banking institutions in the United States foreign branches and majority-owned subsidiaries. _2/ Includes unsettled spot foreign exchange purchase contracts, foreign branches and majority-owned subsidiaries only. as well as currency, demand, and time deposits, negotiable and other readily transferable financial less from the other parties repayable instruments maturing in year or 1 12/ Excludes capital assets and liabilities. 13 / Includes both spot and forward exchange contracts. U/ Sum of columns (3) and (8). 15 / Sum of columns C^) and (9). 16 / Sum of columns (5) and (10). 17 / See footnote 10. and intracompany claims and loans to report date, Other demand. on loans , accounts receivable, and unaccepted trade drafts are excluded. 2_/ Includes unsettled intracompany foreign spot liabilities, other short-term borrowings due in 1 than exchange sales short-term trade contracts payables, year or less from the report date, and the current portion of long-term debt. Other loans, accrued expenses, and accounts payable are excluded. ^/ Due in 1 year or less Receivables and ; includes intracompany Installment maturity are excluded. paper sold or trade receivables. discounted before r Revised. n.a. Not available. and their In section VII, 106 Treasury Bulletin FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section Table GA-II-1. - II - Federal Credit Programs Direct Sales and Repurchases of Loans (In millions of dollars) Export-Import Bank of the United States Fiscal year or month Sales 1973 1974 1975 1976 6,257 3,903 7,829 11,666 2,759 7,895 10,544 11,848 12,469 17,001 T.Q 1977 1978 1979 1980 1981 1981-Mar Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar 2,622 2,165 1,979 1,387 2,547 478 2,128 50 711 5 r965 55 1,540 Repurchases 330 Sales Repurchases Housing and Urban Development Dept. Farmers Home Administration Sales Repurchases Small Business Administration Veterans Administration Government National Mortgage Association Repurchases Repurchases Repurchases . May 1982 107 GOVERNMENT AGENCIES AND FUNDS, .FINANCIAL OPERATIONS OF Table GA-III-1. - Section III - Trust Funds Service Retirement and Disability Fund Civil (In millions of dollars) Receipts Fiscal year or month Agencies' contrl but Ions 1921-72 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 1981 59,543 7,604 8,955 11,360 13,099 1,480 16,476 17,598 20,266 24,184 28,169 17,397 2,120 2,277 2,490 2,733 700 2,895 3,141 3,465 3,596 3,880 1982 (Est.). 1983 (Est.). 32,849 34,255 4.431 4,431 1981-Apr May June.. July... Aug.... Sept... Oct.... Nov.... 678 729 3,511 763 706 14,981 702 715 4,296 642 297 304 292 418 287 310 368 322 469 278 295 330 Dec... 1982-Jan. ... Fe b 711 Mar.... 754 Fiscal 1982 to date.... i Treasury Bulletin 108 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS— Section HI - Trast Funds Table GA-III-2. - Federal Old-Age and Survivors Insurance Trust Fund 1/ (In millions of dollars) Expenditures other than investments Receipts Fiscal year or month Total 2J Appropriations _3/ Deposits by States 4/ Net earnings on investments Payments to railroad retirement account 6/ .. l^ay 1982 109 .FINANCIAL OPERATIONS OF Table GA-III-3. GOVERNMENT AGENCIES AND FUNDS, Section III - Trust Funds Federal Disability Insurance Trust Fund - (In millions of dollars) Fiscal year or month 1957-72 1973 1974..._^.... 1975 1976 T.Q 1977 1978 1979 1980 1981 1982 (Est.). 1983 (Est. ). 1981-Apr May. . June. July... . . Aug. Sept. . . .. Oct Nov Dec... 1982-Jan Feb Mar.... Fiscal 1982 to date. .. no Treasury Bullethi FINANCIAL OPERATIONS OF Section GOVERNMENT AGENCIES AND FUNDS, III - Trust Funds Footnotes Table GA-III-2 Source: Monthly Treasury Statement of Receipts and Outlays of the United States GovernmentBudget estimates are based on the 1983 Budget of the U.S. Government, released February 8, 1982. Includes transactions under the predecessor old-age reserve account. \_I 21 Total includes military service credits of $393 million FY 1980, $390 million FY 1981, $554 million (estimate) FY 1982, and $542 million (estimate) FY 1983. For special benefits for the aged: $164 million FY 1980, $150 million FY 1981, $140 million (estimate) FY 1982, and $139 million (estimate) FY 1983. _3/ Includes unappropriated receipts from January 1962 to June 1965. ^/ To cover employees of States and their political subdivision, 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 social and rehabilitation service. bj 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)). IJ Excludes transactions for investments in non-Federal securities. Includes proposed legislation and inter-trust fund borrowing. Includes an adjustment to prior month reporting. Construction and equipment of office buildings (Public Law 170, approved July 31, 1953 (67 Stat. 254)). 11 / 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 part of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See _8/ _9/ 10 / also footnote 1 2. 12/ Salaries and expenses of the Bureau of Old-Age and Survivors Insurance are paid directly from the trust fund beginning 1974, under provisions of annual appropriations act 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. Table GA-III-3 Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Budget estimates are based on the 1983 Budget of the U.S. Government, released February 8, 1982. Includes payments for military service credits of $118 million for FY 1980 and $130 million for FY 1981. FY 1982 estimates include $168 million for military service credits, and FY 1983 estimates include $174 million. _2/ Includes unappropriated receipts from January 1962 to June 1965. Public Law 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. Current 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. ^/ To cover employees of States and their political subdivision under the Social Security Act (42 U.S.C. 418). _5/ Includes payments for vocational rehabilitation service beginning FY U V 1967 and construction and equipment of buildings beginning FY 1967. Includes proposed legislation. Excludes benefit payments normally paid in January. These payments 2J were paid in December 1981 as provision in Public Law 95-216. Sj Payments are made between the railroad retirement account and Federal old-age and survivors and Federal disability so as to place those funds in the position in which they would have been if railroad employment after 1936 had been included in social security coverage (45 U.S.C. 228 e (k)). ^J 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) (D). Beginning July 1966 monthly reimbursements are paid to the Social Security Administration to cover salaries and expenses instead of the semiannual reimbursement to FOASI. 10 / Proposed legislation; transfer to railroad retirement account. * Less than $500,000. _6^/ , I May 1982 III J-INANCIAL OPERATIONS OF Section Table GA-in-4. - GOVERNMENT AGENCIES AND FUNDS III - Trust Funds Federal Hospital Insurance Trust Fund (In millions of dollars) Receipts Fiscal year or month Total Treasury 112 Bulletin] FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section Table GA-III-5. - III - Trust Funds Federal Supplementary Medical Insurance Trust Fund (In millions of dollars) Expenditures other than investments Receipts Fiscal year Federal contributions or raonth 1967-72 197 3 11,675 2 ,902 1 974 1975 1976 3 809 4,336 4,980 T.Q 1,421 , 1977 1978 1979 1980 7,383 9,045 9,840 10,275 1981 12,451 1982 (Est.) 1963 (Est.) 17,572 1981-Apr Hay June Ju ly Aug Sept Oct Nov Dec 1 982-Jan Feb Mar Fiscal 1982 to date 8,898 5,777 1,427 1,579 1,750 1,769 492 1,987 2,186 2,373 2,637 2,987 5,779 1,430 2,029 2,330 2,939 878 5,053 6,386 6,841 6,932 8,747 Interest and profits on Investments 816 Total All other -697 43 2 77 124 152 168 104 104 132 229 362 46 210 244 263 417 409 291 307 4 11,194 2,637 3,283 4,170 5,200 1,401 6,342 7,356 8,805 10,746 13,240 Benefit payments ^ay 1982 113 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section III - Trust Funds Table GA-III-6. - Railroad Retirement Accounts (In millions of dollars) Receipts Fiscal year or month Total 1/ Appropriations 2/ Interest and profits on Investments Expenditures other than InveBtmenCB From FOASI and FDI trust funds 3/ All Treasury Bulletin FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, 114 Section III - Trust Fundi Table GA-III-7. - Unemployment Trust Fund (In millions of dollars) Receipts Employment security progra State Fiscal year or month Railroad unemployment Insurance , May 1982 115 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section III - Trust Fundi Table GA-III-7. - Unemployment Trust Fund-Con tinned (In mllllone of dollars) Expenditures other than Investments - Continued Aaeets, end of period Railroad unemployment Insurance Net increase Railroad unemployment Insurance account Fiscal year or month Benefit payments Repayment of advances to railroad retirement accounts All other Administration fund 7/ or Total decrease (-), in assets Administrative expenses 14/ 1936-72 1973 1974 1975 1976 T.g 1977 1978 1979 1980 1981 1982 (Est.) 1983 (Est.) 1981-Apr May June July Aug Sept Oct Nov Dec 1982-Jan 3.443 73 50 67 218 47 180 197 142 212 258 896 81 223 204 17 16 23 19 142 110 1 7 7 7 9 2 9 11 13 9 14 17 16 I 1 21 2 15 12 1 21 22 21 32 Fe b 36 32 Mar 37 Fiscal 1982 to date 9 180 9,807 1,293 1.328 -5.016 -1.706 -166 883 3.992 4.717 -245 -635 -4,100 -294 673 3,421 -774 49 1.264 -1,329 -649 338 -1,020 -1,343 328 -1,413 21,100 Investments Unexpended balance Treasury Bulletin 116 FINANCIAL OPJSRATIONS OF GOVERNMENT AGENCIES AND FUNDS Section III - Trust Funds Table GA-III-8. - National Service Life Insurance Fund (In mllHons of dollars) Receipts Fiscal year or month 1944-72 1973 1974 1975 1976 T.q 1977 1978 1979 1980 1981 1982 (Est.) 1983 (Est.) 1981-Apr May June July Aug Sept Oct Nov Dec 1982-Jan Feb Mar Fiscal 1982 to date Premiums and other receipts 4,790 24 , 576 798 808 835 852 155 913 940 983 1,044 1,104 487 468 465 452 1,162 1,257 471 465 43 36 360 40 41 41 39 40 39 374 34 43 46 576 Transfers from general and special funds 147 478 477 452 457 460 35 40 40 38 38 39 37 39 33 40 45 2 Interest and profits on Investments Expenditures other than Investments (benefits, net lending, refunds and dividends) , Net Increase or decrease (-), assets m Assets, end of period Investments Unexpended balance M.ay 1982 117 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section III - Trust Funds Table GA-III-9. - Investments of Specified Trust Accounts in Public Debt Securities and Agency Securities by Issues, as of March 31, 1982 (In millions of dollars) Investment securities Type and rate Payable date 118 Treasury Bulletin CUMULATIVE TABLE OF CONTENTS June 1981 through May 1982 Issues and pai^e numbers July A rticle Treasury financing operations : Federal fiscal operations Summary of fiscal operations Budget receipts by source Chart - Budget receipts by source Budget outlays by agency Undistributed offsetting receipts Budget outlays by function Investment transactions of Government accounts in Federal securities (net) Trust funds 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 Gold assets and liabilities of the Treasury : 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. Offerings of bills New money financing through regular weekly Treasury bills Public offerl 'gs of 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 Issued to residents of foreign countries : United States savings bonds Sales and redemptions by series, cumulative Sales and redemptions by periods, all series combined Sales and redemptions by periods, series E through K Redemptions of matured and unmatured savings bonds Sales and redemptions by denominations, series E, EE, H, and HH Sales by States, series EE and HH combined : United States savinf^s notes Sales and redemptions by periods : Ownership of Federal securities Distribution by class of investors and type of Issues Estimated ownership by private Investors : Treasury survey of ownership Treasury survey - commercial bank ownership 1 Aug. Sept. Apr. < May 1982 119 CUMULATIVE TABLE OF CONTENTS June 1981 through May 1982-Continued Issues and pafte numbers Market quotations on Treasury securities End-of-month closing quotations Chart - Yields of Treasury securities June July 65 68 69 72 69 72 61 64 61 S7 6A 67 64 60 69 73 73 65 68 65 70 74 74 66 69 66 Aug. Sept. Oct. Nov. Dec. Feb. Mar. 66 69 64 67 60 63 61 70 66 64 62 71 69 65 : Average yields of long-term bonds Average yields of long-term Treasury, corporate, and municipal bonds Chart - Average yields of long-term Treasury, corporate, and municipal bonds : Exchange Stabilization Fund Balance sheet and Income and expense : 75 70 72 National bank reports Operating Income and expense* and dividends of national banks, calendar year 1981 International financial statistics U.S. reserve assets U.S. liquid and other liabilities to foreign official institutions, and liquid liabilities to all other foreigners U.S. liquid and other liabilities to official institutions of foreign countries by area Nonmarketable U.S. Treasury bonds and notes Issued to official Institutions of foreign countries. U.S. position in the International Monetary Fund Weighted average of exchange rate changes for the dollar : : 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 Swiss franc positions Sterling positions United States dollar positions abroad ; Foreign currencies acquired by the U.S Governroent without payment of dollars Foreign currency transactions, summary and country uses Foreign currency transactions, U.S. uses and trust funds : Financial operations of Government agencies and funds Government corporations and other business-type activities: Statements of financial condition Statements of Income and retained earnings Status of accounts receivable Status of loans receivable Status of other receivables Federal credit programs: Direct sales and repurchases of loans Direct and guaranteed loans outstanding Trust funds: Civil service retirement and disability fund... Federal old-age and survivors Insurance trust fund Federal disability insurance trust fund Federal hospital insurance fund Federal supplementary medical insurance trust fund Railroad retirement accounts Unemployment trust fund National service life insurance fund Investments of specified trust accounts 131 118 132 119 : 166