Full text of Treasury Bulletin : November 1973
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Treasury Bulletin
November 1973
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
November 1973
I
CONTENTS
Article
- Treasury Financing Operations..................... .....................................................
VI
F E D E R A L FISCAL O PE R A TIO N S
FFO-1.
FFO-2.
Chart
FFO-3.
FFO-4.
FFO-5.
FFO-6 .
FFO-7.
FFO-8 .
FFO-9.
FFO-IO.
* Summary of Fiscal Q perations..................................................................................
- Budget Receipts by Principal S o u r c e s ...................................................... ...
- Budget Receipts by Principal S o u r c e s ...................................................................
- Budget Outlays by A g e n c i e s ....................................................................................
- Undistributed Intrabudgetary Transactions.............................................................
- Budget Outlays by Major Function..........................................................................
- Investment Transactions of Government Accounts in Federal Securities . . .
- Trust Funds Transactions............................................................................................
- Loan Disbursements and Repayments, Net Lending, and
Loan Balances of Federal Credit Programs..........................................................
- Detail of Excise Tax R eceip ts..................................................................................
- Accountability of the Treasurer, U.S........................................................................
1
2
4
5
Q
?
9
10
i2
^
16
F E D E R A L OBLIGATIONS
FO-1.
FO-2.
FO-3.
FO-4.
- Gross Obligations Incurred Within and Outside the Federal Government
by Object C la s s .........................................................................................................
- Gross Obligations Incurred Outside the Federal Government
by Major Function and Major Object C la s s ..........................................................
- Gross Obligations Incurred Outside the Federal Government
by Department or Agency.........................................................................................
- Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Months...........................................................................
18
18
19
20
ACCOUNT OF T H E T R E A SU R E R , U.S.
TUS-1.
TUS-2.
TUS-3.
TUS-4.
- Status of the Account of the Treasurer, U.S............................................................
• Analysis of Changes in Tax and Loan Account B a la n ces..................................
- Summary of Cash Transactions through the Account of the Treasurer, U.S.
. Gold Assets and Liabilities of the Treasury............................................................
21
22
23
23
M O N E T A R Y STATISTICS
MS-1.
- Money in Circulation..................................................................................................
24
FEDERAL D EBT
FD-1.
FD>2.
- Summary of Federal Debt.............................................................. .............................
- Computed Interest Charge and Computed Interest Rate
on Interest-Bearing Public D e b t ............................................................................
25
25
II
Treasury Bulletin
CONTENTS
FD-3 .
FD-4.
FD-5 .
FD-6 .
FD-7.
FD-8 .
FD-9.
FD-10.
- Interest-Bearing Public D e b t ................................................................................... 26
- Maturity Distribution and Average Length of Marketable
Interest-Bearing Public D eb t..................................................................................
- Special Public Debt Issues........................................................................ .................27
- Interest-Bearing Securities Issued by Government Agencies . . . .............. 28
- Participation Certificates...........................................................................................29
- Debt Subject to Statutory L im ita tion ....................................................................30
- Status and Application of Statutory Limitation L im ita tion ........................... 31
- Treasury Holdings of Securities............................................................................. 32
PUBLIC DEBT OPERATIONS
PDO-1.
PDO-2.
PDO-3.
PDO-4.
PDO-5.
PDO-6 .
PDO-7.
PDO-8 .
PDO-9.
- Maturity Schedule of Interest-Bearing Marketable
P ublic Debt S ecu rities........................................................................................... 33
- O fferings of Treasury B ills ..................................................................................... 34
- New Money Financing through Regular Weekly Treasury B i l l s ...............37
- O fferings of Public Marketable S ecu rities.........................................................41
- Unmatured Marketable Securities Issued at a Premium or Discount . . . 44
- Allotm ents by Investor Classes on Subscriptions for
Public Marketable Securities.............................................................................. 46
- Disposition of Public Marketable Securities ....................................................49
- Foreign Series S e cu ritie s........................................................................................ 54
- Foreign Currency Series S e c u r it ie s .................................................................... 60
UNITED STATES SAVINGS BONDS
SB-1 .
SB-2.
SB-3.
SB-4.
SB-S.
- Sales and Redemptions by Series, Cum ulative.............. ........................... ... ..63
- Sales and Redem ptions by Periods, All Series C o m b in e d ...........................63
• Sales and Redem ptions by Periods, Series E through K .............................. 04
- Redemptions of Matured and Unmatured Savings B o n d s.............................. 66
- Sales and Redemptions by Denominations, Series E and H Combined . . . . 67
UNITED STATES SAVINGS NOTES
SN-l.
- Sales and Redemptions by Periods........................................................................ 68
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
OFS-2.
- Distributions of Federal S ecu rities.............................................................................. 69
- Estimated Ownership of Public Debt Securities....................................................... 70
TREASURY SURVEY OF OWNERSHIP
TSO-1.
- Summary of Federal S ecurities................................................................................... 71
November 1973
III
CONTENTS
TSO-2.
TSO-3.
TSO-4.
TSO-5.
TSO-6.
- Interest-Bearing Marketable Public Debt Securities
by Type and Maturity D istribution......................................................................... 72
- Interest-Bearing Marketable Public Debt Securities by Issue............................... 72
- Interest-Bearing Nonmarketable Public Debt Securities by Type........................ 74
- Securities Issued by Government A g e n c ie s ............................................................ 74
- Securities Issued by Government-Sponsored Agencies and D.C.......................... 75
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
MQ-2.
MQ-3.
Chart
- Treasury B ills................. ....................................................... ........................................79
- Treasury N otes.................................................................................... ... ..................... 79
- Treasury Bonds..............................................................................................................80
- Yields of Treasury Securities..................................................................................... 81
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
Chart
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds • • . 82
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds . . . 83
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
IFS-2.
- U.S. Reserve Assets.......................................................................................................84
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions,
and Liquid Liabilities to All Other Foreigners.................................................. 85
- U.S. Liquid and Nonliquid Liabilities to Official Institutions
of Foreign Countries, by Area.............. ...
1 . . . . ................................. 86
- Nonmarketable U.S. Treasury Bonds and N otes..................................................... 87
- U.S. Position in the I M F ............................................................................................88
- U.S. Net Monetary Gold Transactions with Foreign C ou n tries.................. ............ 89
IFS-3.
IFS-4.
IFS-5.
IFS-6.
CAPITAL MOVEMENTS BETWEEN U.S. AND FOREIGN COUNTRIES
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
Short-Term Liabilities by Type of Foreign H old er.............................................. 92
Short-Term Liabilities by Type of L ia b ility ................. < ...................................... 93
Short-Term Liabilities by Country.................................................................... ............ 95
Short-Term Liabilities, by Type and C ou ntry.......................................................... 90
Short-Term Liabilities, Not Regularly Reported S ep a ra tely ...................................97
Long-Term Liabilities by Type ■ ............................................................................... ..98
Long-Term Liabilities by Country..................... .........................................................
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
CM-II-1. - Short-Term Claims by T y p e ........................................................................................100
CM-II-2. - Short-Term Claims by Country.................................................................................... 101
CM-II-3. - Short-Term Claims, by Type and Country............................................................. .....102
CM-I-1.
CM-I-2.
CM-I-3.
CM-I-4.
CM-I-5.
CM-I-6.
CM-I-7.
-
Treasury Bulletin
IV
CONTENTS
CM-II-4. - Long-Term Claims by T y p e ......................................................................................... 103
CM-II-5. - Long-Term Claims by Country.................................................................................... 104
CM-II-6 . - Long-Term Claims, by Type and Country . . . . . . . . . . . . . . . . . . . . 105
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1. - Liabilities by T y p e .......................................................................................................106
CM-III-2. - Short-Term Liabilities by Country..............................................................................107
CM-III-3. - Short-Term Liabilities, by Type and C ou n try ........................................................ 108
CM-III-4. - Long-Term Liabilities by Country. ....................................................................... ..... 109
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1. - Claims by T y p e............................................................................................................. 110
CM-IV-2. • Short-Term Claims by C o u n tr y ..............• ............................................................... 112
CM-IV-3. • Short-Term Claims, by Type and C ou n try...................... ......................................112
CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns
by T y p e ........................................................................................................................113
CM-IV-5 . • Short-Term Liquid Claims Reported by Large Nonbanking Concerns
by C p u n try ................................................... ............................................................ 113
CM-IV-6 . - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country................................................................................................ 114
CM-IV-7. - Long-Term Claims by C o u n tr y ...................................................................................118
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1 . - Foreign Purchases and Sales of Long-Term Domestic Securities........................ 116
CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities............................116
CM-V-3. - Net Foreign Transactions in Marketable U.S. Government Bonds and Notes • • 117
CM-V-4. - Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes. 118
CM-V-5. - Net Foreign Transactions in Long-Term Domestic B o n d s .....................................119
CM-V-6 .
Net Foreign Transactions in Domestic Stocks by Country.................................... 120
CM-V-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country..................121
CM-V-8 . - Net Foreign Transactions in Foreign Stocks by C o u n tr y ................................. ..... 122
CM-V-9. • - Foreign Purchases and Sales of Long-Term Securities, Latest D ate.....................123
CM-V-10. - Foreign Purchases and Sales of Long-Term Securities, Latest Year..................... 124
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
CM-VI-1. - Foreign Credit Balances (Due to Foreigners)....................................................... .....125
CM-VI-2. - Foreign Debit Balances (Due from Foreigners)....................................................... . 126
FOREIGN CURRENCIES ACQUIRED BY THE U.S. GOVERNMENT
FC-1.
FC-2.
FC-3.
FC-4.
- Summary of Foreign Currency Transactions.............................. .............................128
- Foreign Currency Transactions, Country U ses...................................................... 128
- Foreign Currency Transactions, U.S. U s e s ............................................................ 129
- Foreign Currency Transactions, Trust F unds......................................................... 129
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
GA-III-1.
FEDERAL CREDIT PROGRAMS
- Direct Sales and- Repurchases of L o a n s .....................................................................130
November 1973
V
CONTENTS
GA-IV-1.
6A-IV-2.
GA-IV-3.
GA-IV-4 .
GA-IV-5.
GA-IV-6 .
GA-IV-7.
GA-IV-8 .
GA-IV-9.
-
Cumulative
Note:
TRUST FUNDS
Civil Service Retirement and Disability F u nd...........................................................131
Federal Old-Age and Survivors Insurance Trust Fund. - • - ............................132
Federal Disability Insurance Trust Fund................................................................. 133
Federal Hospital Insurance Trust F u n d ................................................................. 134
Federal Supplementary Medical Insurance Trust Fund...................................... ... . 135
Railroad Retirement A ccou n ts.................... .............................. , ........................... 135
Unemployment Trust F u n d ............. ... .................................................................... 136
National Service Life Insurance Fund.....................................................................138
Investments of Specified Trust Accounts in Public Debt Securities
and Agency S e c u r it ie s ............................................................................................ 139
Table of Contents .......................................................................................................... 140
Details o f figures may not add to totals because o f rounding.
VI
Treasury Bulletin
Treasury Financing Operations
November Refunding
for $250,000 or less were accepted in full and these totaled
On October 24 the Treasury announced that it would sell
to the public at auction, under competitive and noncompetitive
bidding, up to $1.5 billion of 7$ Treasury Notes of Series
H-1975, up to $2 billion of 7$ Treasury Notes of Series C1979, and up to $300 million of 7-l/2$ Treasury Bonds of 198893. These issues were to refund $3.6 billion of publicly held
Treasury bonds maturing November 15.
$53 million. The price paid on all accepted tenders was the
lowest price accepted, 101.60, yield 7.32$.
The notes of Series H-1975 will be dated November 15,
1973, due December 31, 1975, with interest payable semiannu
ally on June 30 and December 31 in each year until maturity.
The notes of Series C-1979 will be dated November 15, 1973,
due November 15, 1979, with interest payable semiannually on
May 15 and November 15 in each year until maturity. The bonds
will be an additional issue of the 7-1/2$ bonds dated August
15, 1973, due August 15, 1993, callable at the option of the
United States on any interest payment date on and after Au
gust 15, 1988, with interest from November 15, 1973, payable
semiannually on February 15 and August 15 until maturity.
Tenders for the notes of Series C-1979 were received until
1:30 p.m., EST, October 30, and totaled $2,918 million of
which $2,024 million was
accepted
at prices ranging from
101.21, yield 6.75$, down to 100.63, yield 6.87$.
Noncom
petitive tenders for $500,000 or less were accepted in full
at the average price of accepted tenders, 100.88, yield 6.82$.
These totaled $203 million.
In addition to the amount allotted to the public, $220
million of the notes were allotted to Federal Reserve-banks
and Government accounts in exchange for Treasury bonds matu
ring November 15, 1973.
Tenders for the notes of Series H-1975 and the bonds were
received until 1:30 p.m., EST, October 31.
Tenders received for the notes totaled $2,859 million
of which $1,510 million was accepted at prices ranging from
100.49, yield 6.73$, down to 100.09, yield 6.94$. Nonconrpet itive tenders for $500,000 or less were accepted in full at
the average price of accepted tenders, 100.14, yield 6.91$.
These totaled $235 million.
Tenders received for the bonds totaled $1,289 million
of which $302 million was accepted. Noncompetitive tenders
In addition to the amounts allotted to the public, $220
million of the notes and $136 million of the bonds were al
lotted to Federal Reserve banks and Government accounts in
exchange for Treasury bonds maturing November 15, 1973.
Payment for all three of the securities was required to
be made or completed on or before November 15, 1973, in cash,
4-1/8$ Treasury Bonds of 1973 which were to be accepted at
par, or other funds immediately available to the Treasury by
that date.
Tenders were received in all auctions at Federal Reserve
banks and branches and at the Office of the Treasurer of the
United States in Washington, D. C. Bearer securities, with
interest coupons attached, and securities registered as to
principal and interest were authorized to be issued in denom
inations of $1,000, $5,000, $10,000, $100,000, and $1,000,000.
Commercial banks could submit tenders for account of
their customers provided the names of the customers were set
forth in such tenders. Others than commercial banks were not
permitted to enter tenders except for their own account.
Tenders were received without deposit from commercial
and other banks for their own account, Federally-insured sav
ings and loan associations, States, political subdivisions
or instrumentalities thereof, public pension and retirement
and other public funds, international organizations in which
the United States holds membership, foreign central banks and
foreign States, dealers who make primary markets in Govern
ment securities and report daily to the Federal Reserve Bank
of New York their positions with respect to Government secu
rities and borrowings thereon, and Government accounts. Ten
ders from others were required to be accompanied by payment
of 5 percent of the face amount of notes or bonds applied for.
All bidders
sell, or to make
or sale or other
the offerings at
closing hour for
issue.
were required to agree not to purchase or to
any agreements with respect to the purchase
disposition of the securities bid for under
a specific rate or price, until after the
the receipt of tenders for each particular
VII
November 1973
Treasury Financing Operations - (Continued)
Commercial banks were prohibited from making unsecured
loans, or loans collateralized in whole or in part by the se
curities bid for, to cover the deposits required to be paid
when tenders were entered, and they were required to make a
certification to that effect. Other lenders were requested
to refrain from making such loans.
Bills
On October 11 tenders were invited for $1,800 million,
or thereabouts, of 364-day Treasury bills to be dated Octo
ber 23, 1973, and to mature October 22, 1974. The issue was
to refund $1,802 million of bills maturing October 23.
Tenders are received at Federal Reserve banks and branches.
Each tender must be for a minimum of $10,000. Tenders over
$10,000 must be in multiples of $5,000.
Banking institutions generally may submit tenders for
account of customers.
Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized dealers in investment securities.
Tenders
from others must be accompanied by payment of 2 percent of
the face amount of bills applied for, unless the tenders are
accompanied by an express guaranty of payment by an incorpo
rated bank or trust company.
Tenders were opened on October 17. They totaled $4,277
million, of which $1,802 million was accepted, including $50
million of noncompetitive tenders. The average bank discount
rate was 7.132 percent.
Noncompetitive tenders (without stated price), usually
for' $200,000 or less from any one bidder, for each issue of
13-week, 26-week, and 52-week bills, are accepted in full at
13-Week and 26-Week Bills
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other immediately available
funds or in a like face amount of Treasury bills maturing
on that date. Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
Issues of regular weekly Treasury bills in October to
taled $17.2 billion. These issues were offered for cash and
in exchange for bills maturing in a like face amount. There
were four 13-week issues of $2.5 billion and four 26-week
issues of $1.8 billion. Average rates for the new issues are
shown in the following table.
Date of issue
13-week
1973
Oct.
Annual Average Rate
(bank discount basis)
4
11
18
25
7.148
7.322
7.188
6.960
26-week
7.583
7.260
7.241
6.951
Treasury Bills - General
Treasury bills are sold on a bid basis. The face amount
is payable without interest at maturity. They are issued in
bearer form only, and in denominations of $10,000, $15,000,
$50,000, $100,000, $500,000, and $1,000,000 (maturity value).
Note:
the average price of accepted competitive bids for an issue.
Foreign Series and Foreign Currency Series
Foreign series securities issued in October totaled
$1,732 million,
consisting of fourteen certificates of in
debtedness and two notes.
Redemptions for the month totaled
$1,978 million. At the end of October, foreign series secu
rities outstanding totaled $26,175 million.
(Details are
shown on page 59 .)
No foreign currency series securities were issued in
October. Redemptions for the month totaled an equivalent of
$172 million. At the end of October, foreign currency series
securities outstanding totaled an equivalent of $1,586 mil
lion and were denominated in German marks and Swiss francs.
(Details are shown on page 62 .)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operaLions.
November 1973
1
.FEDERAL FISCAL OPERATIONS*
Table FFO-1. - Summary o f Fiscal Operations
Budget receipts and outlays
Fiscal year
or month
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974 (Est).
1972-Sept..
Oct.
Nov......
Dec......
1973-Jan......
Feb......
Mar......
Apr..... .
May..... .
June
July.....
Aug..... .
Sept.....
Fiscal 1974 to
date.........
Fiscal year
or month
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974 (Est).
1972-Sept..
Oct...
Nov...
Dec...
1973-Jan...
Feb...
Mar...
Apr...
May...
June..
July....
Aug.....
Sept.....
Net
Net
budget
budget
receipts outlays
2/
1/
(l)
112,662
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
266,000
22,394**
14,738
16,748
18,972
21,130
18,067
15,987
25,860
16,584
28,537
(2)
118,584
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,876
246,526
268,700
I8,448r
20,055
21,165
19,721
23,631
20,227
20,806
22,306
20,157
20,814
21,291
25,007
22,607
22,139
20,736
64,420
65,482
18,121
Budget
surplus
or
deficit
(In millions of dollars)
Means of financing - net transactions
Changes in cash and monetary assets (Deduct)
Borrowings from the public - Federal securities
Public
debt
securi
ties
(3 )
-5,922
-1,596
-3,796
-8,702
-25,161
3,236
-2^ 845
-23,033
-23,227
-14,301
-2,700
3,946r
-5,317
-4,418
-750
-2,501
-2,160
-4,820
3,554
-3,573
7,723
-4,486
-847
4,271
5,853
5,561
2,633
6,314
21,357
6,142
17,198
27,211
29,131
30,881
-1,493
6,000
4,301
5,051
770
4,770
3,768
-1,543
275
803
862
2,842
--406
Invest
Agency ments of Special
notes
securi Govern
ment ac 4/
ties
counts 3/
(5)
(7)
S£1
508
405
2,864
2,330
-126
704
3,244
354
4,041
-482
9,035
5,079
5,320
-1,119
5,944
8,522
-10,150
-1,384
10,062
-1,739
7,417
-347
8,420
-1,269
216
11,822
n.a.
n.a.
22
-1,847
3,173
24
380
-617
’
761
-93
18
-732
-8
899
790
27
-721
-105
2,202
-43
68
3,240
9
1,583
301
3,705
40
-929
-1,063 I 3,297
Means of financing-net transactions - (Cont.)
Total Budget
Other means Transactions
of financing not applied to 8financing
- 9 - 1 0 -1 1
year's surplus
7/
or deficit 8/
- 12+13+14
____ till_____ ____tiM_______
61
1,179
98
-217
-359
629
132
813
2,997
367
10,407
-284
-22
-961
482
3,103
4,958
1,297
-3,921
-208
n.a.
-3,817
-28
412r
703
13
-527
-41
-650
55
1,366
16
-1,436
-71
2,948
-65
-101
1,089
-1,422
-101
-967
1,368
-2,112
-2,338
-206
1,269
-551
(1 5 )________
5,922
1,596
3,796
8,702
25,161
-3,236
2,845
23,033
23,227
14,301
2,700
-3,946r
5,317
4,418
750
2,501
2,160
4,820
-3,554
3,573
-7,723
4,486
847
-4,271
350
4,359
Total
borrowings
from the
public
Within gen'l
account of
Treasurer,
U.S. 5/
^?l)7
3,092
4,061
3,076
2,838
(9)
-1,264
1,594
-260
-4,571
-1,094
760
1,746
826
1,668
2,068
23,100
-11,146
5,397
19,448
19,442
19,275
With other Govern With Inter
ment officers
national
Monetaiy
Other
SDR 6/
Fund
(12)
(10)
(11)
-367
41
381
371
-447
259
-342
-5
538
1,859
808
644
802
-1,536
557
-908
-208
290
-988
1,079
711
50
-8
-1,264
6,517
376
2,851
5,298
4,197
1,519
3,863
3,005
-2,159
-1,970.
-2,369
-713
-563
564
5,081
-1,849
178
2,882
610
158
1,234
1,591
-6,352
4,035
-5,577
-4,149
5,517
-385r
95
135
-36
-712
-4,209
-135
S e le c te d
ha.1 a n c e s ;
and
o f
10
5
-214
33
-170
795
-713
450
-365
195
36
p e .tr i nrl
Federal securities
General ac
Public debt Agency
count of
securities securities 2/
Treasurer,
U.S. 1/
(1 7 )
(16)
____ m _____
11,116
311,713
8,631
12,710
9,335
317,274
12,450
319,907
13,377
326,221
18,455
7,879
347,578
6,785
24,399
353,720
14,249
7,544
12,510
370,919
9,291
398,130
10,117
12,163
427,260
11.785
10,894
458.142
11.109
13.854
11.785
491,487
14,790
433.946
10,891
11.459
9,042
439.947
11,483
9,220
444,247
11,863
12,102
449,298
11,770
450,068
12,712
11,787
454,838
12,870
11,779
458,606
11,806
14,104
15,695
457,063
11,084
457,338
9,343
11,041
458.142
11.109
13.854
11,118
8,164
459,003
4,015
461,845
11,419
9.532
461.439
11.459
Fiscal 1974 to
9.532
611
-3,181
1,063
_datg. . . . . . . . . .
Source:
Monthly Statement of receipts and outlays of the Government.
Revised estimates are based on the 1974 Budget as shown in the
Mid-Session Review, released June 1,*1973, and the statement of
Secretary Shultz released June 4, 1973. On October 18, 1973,
Secretary Shultz announced that the budget would be in balance for
fiscal year 1974. Receipts and outlays are now estimated at $270
billion.
See Table FFO-2. 2/ See Table FF0-3. V See Table FFO-^6 .
Represents noninterest-bearing public debt securities issued to the
IMF and international lending organizations (IDA and IADB) in
recognition of tf.S. Government subscription commitments.
Current fiscal year to date transactions are on the daily Treasury
statement clearance date basis and are converted to accounting date
basis at June 30 (final) only. Prior fiscal year amounts include
transactions in transit as of June 30. For amounts in transit see
461.439
6/
7/
8/
%
1/
2/
n. a.
11.459
Investments
of Govern
ment accounts
___ LiSL)______
59,210
61,540
64,784
73,819
79,140
87,661
97,723
105.140
113,559
125.381
Special
notes y
Held by the
public
17+18- 19-20
( 2 1 )________
3,581
3,455
3,810
3,328
2,209
825
825
825
825
825
257,553
261,614
264,690
267,529
290,629
279,483
284,880
304,328
140,183
115,771
118,944
118,327 v
119,088
118,356
119,255
120,045
119,939
122.141
125.381
126,964
130,669
129.740
825
825
825
825
825
825
825
825
825
825
825
825
825
825
323,770
343.045
365,270
328,809
331,660
336,958
341,155
342,674
346,537
349,542
347,383
345,414
343.045
342.332
341,769
342.333
129.740
825
342.333
Table FF0-10 in the November 1973 Bulletin.
Represents holdings of Special Drawing Rights, less certificates
issued to Federal Reserve banks.
Includes: public debt accrued interest payable and beginning in
fiscal 1974 only that portion which is payable to the public; de
posit funds; and miscellaneous asset and liability accounts.
Includes: seigniorage; increment on gold; fiscal 1969 conversion of
certain corporations to private ownership; fiscal 1970 reclassifi
cation of CCC certificates of interest; fiscal 1974 conversion of
interest receipts of Government accounts to an accrual basis; and
net outlays of off-budget Federal agencies, (Export-Import Bank since
August 17, 1971, rural electrification and telephone revolving funds
since May 12, 1973, and Postal Service Fund since July 1, 1973).
See Table FD-6 .
r Revised.
Not available.
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Principal Sources
(In millions of dollars^
Fiscal year
or month
Income taxes
Net
budget
receipts
Individual
Withheld
1964
1965
1966
1967
1968,
1969,
1970,
1971,
1972,
1973
1974 (Est.).........
112,662
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
266,000
Other
39,259
36,840
42,811
50,521
57,301
70,182
77,416
76,490
83,200
98,093
n.a.
22,'394r
14,738
16,748
18,972
*7,313r~
7,187
8,425
7,915
1973-Jan...........
Feb...........
21,130
18,067
15,987
25,860
16,584
28,537
18,121
21,291
25,007
8,254
8,404
8,748
8,648
8,813
9,168
8,487
9,085
7,940
64,420
25,512
June ........
July..........
Sept..... .
Fiscal 1974
,1
to date............
Net
total
Refunds
15,331
16,820
18,486
18,850
20,951
27,258
26,236
24,262
25,679
27,019
n.a.
1972-Sept..........
Corporation
3,794
469
257
353
4,671
768
1,494
9,124
1,U4 1
3,735 .
681
451
3,903
Refunds
24,301
26,131
- 30,834
34,918
29*,897
38,338
35,037
30,320
34,926
39,045
n.a.
808
670
761
946
1,232
1,660
2,208
3,535
2,760
2,893
n.a.
23,493
25,461
30,073
33,971
28,665
36,678
32,829
26,785
32,166
36,153
41,500
324
323
294
140
158
193
342
258
296
188
202
209
230
4,965
965
559
5,632
1,382
672
4,867
5,657
923
8,796
1,350
695
5,247
14,279
8,739
8,276
17,243
4,748
21,102
10,164
9,974
16,955
640
7,293
37,092
Gross
48,697
48,792
55,446
61,526
68,726
87,249
90,412
86,230
94,737
103,246
5,893
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14.,143
21,866
n.a.
116,000
li,012r
7,595
8,613
8,206
27
1,104
6,833
6,185
6,433
597
354
257
135
12,897
8,067
3,409
11,587
3,825
12,306
8,814
9,279
11,707
5,289
1,287
853
5,772
1,539
865
5,208
5,915
1,219
8,983
1,552
904
5,477
747
29,800
7,933
95
61
69
61
5,035
Net total
income
taxes
Net
total
72,189
74,253
85,519
95,497
97,390
123,927
123,241
113,015
126,903
139,398
157,500
15,977r
8,560
9,172
13,838
Social insurance taxes and contributions
Fiscal year
br month
Employment taxes and contributions
iiRHJ. it -l i i © u j . cluu c?
Old-age, disability, and
hospital insurance
Gross
1964...............
1965:..............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973 .............
1974 (Est.).........
1972-6ept...........
Oct..... ,......
Nov............
Dec............
1973-Jan............
Feb............
Mar............
Apr............
May...........
June .........
July............
16,532
16,915
20,206
27,328
28,672
33,956
38,600
41,237
45,559
54,166
n.a.
Sept,.'.........
3,573
3,232
3,863
2,515
3,963
5,887
4,821
5,611
7,170
4,570
4,595
6,852
4,966
Fiscal 1974
to date............
16,414
Refunds
166
192
228
282
263
605
386
518
447 479
n.a.
Net
total
16,366
16,723
19,978
27,046
28,409
33,351
38,214
40,719
45,111
53,687
n.a.
RailroadI retiremen-t accounts
Gross
594
636
684
777
815
885
920
981
1,009
1,190
n.a.
-
4,966
101
7
182
91
9
180
136
3
224
123
13
235
23
-
16,414
271
-
_
-
479
-
3,573
3,232
3,863
2,515
3,963
5,887
4,821
5,611
6,691
4,570
4,595
'
*
*
■
*
*
1
*
1
*
1
1
n.a.
*
*
*
Net
total
Net total
Gross
Refunds
593
636
683
776
814
885
919
980 '
1,008
1,189
n.a.
16,959
17,359
20,662
27,823
29,224
34,236
39,133
41,699
46,120
54,876
4,049
3,826
3,783
3,665
3,351
3,335
3,471
3,682
4,370
6,070
n.a.
4
8
6
6
6
7
6
8
13
19
n.a.
4,045
3,819
3,777
3,659
3,346
3,328
3,464
3,674
4,357
6,051
6,200
101
7
182
91
9
180
136
3
224
123
13
235
23
3,674
3,239
4,044
2,606
3,972
6,067
4,957
5,614
6,915
4,693
4,608
7,087
4,989
63
210
637
94
175
1
1
*
1
684
62
209
637
93
174
*
63
450
2,161
97
385
1,358
104
1
5
5
3
3
1
1
62
445
2,156
95
382
1,357
103
271
16,685
1,848
5
1,843
Net
total
Refunds
♦
*
*
*
*
*
*
*
_
*
*
*
(Continued on following page)
68,400
*
684
November 1973
3
_ _ _
_
_
FEDERAL FISCAL OPERATIONS_______________
Table FFO-2. - Budget Receipts by Principal Sources - (Continued)
(In Millions of dollars)
Social insurance taxes and contributions - (continued)
Fiscal year
or month
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973 ..........
1974 (Est.).....
1972-Sept........
1973-Jan.........
Fet.........
Mar.........
Apr.........
May.........
June ......
July........
Sept..... .>..
Fiscal 1974
‘Federal
supple
mentary
; medical
' insurance
_
647
698
903
936
1,253
1,340
1,427
n.a.
Federal'
employees
retirement
Other
.employees
retirement
993
1,065
15
16
18
19
1,111
1,201
1,735
1,916
2,058
2,146
n.a.
6
300
115
126
115
116
180
182
144
99
118
124 .
119
111
146
138
137
193
176
197
176
I84
179
198
189
176
5
3
2
6
3
422
563
11
301
309
1293
346
334
317
2
'
3,646
1964............
3,782
,1965............
1966............
4,037
4,652
1967............
1968............
4,493
4,861
1969............
1970............
5,386
1971............
5,664
1972............
5,635
1973 ........... , 5,818
1974 (Est.)......
n.a.
June
......
July........
Aug.........
Sept........
Fiscal 1974
to date........
996
19,523
Refunds
10,304
9,362
9,461
9,827
10,681
10,519
10,643
10,562
9,995
n.a.
93
99
217
183
127
96
167
133
1,05$
158
n.a.
757
16
11,011
868
10
11
972
712
833
11
13
9
10,911
9,145
» 9,278
9,700
10,585
10,352
10,510
9,506
9,836
n.a.
.
_
_
_
_
_
564
650
760
n.a.
741
847
862
780
921
661
763
885
850
75
_
_
«
563
649
758
n.a.
2
1
2
847
961
699
823
69
65
82
*
-
69
64
82
2,483
215
*
215
11
12
!
_
_
_
_
_
- Net
total
63
58
60
36
61
62
76
66
14
14
34
Refunds
n.a.
_
_
*
-*
*
*
*
*
*
13
2,517
Gross
10,211
20
10
873
793
932
675
777
897
860
859
Estate and gift taxes
Net
total
66
75
66
63
58
60
35
61
62
76
66
_
Miscellaneous receipts
Customs dutit!^
Highway trust fund
Gross
1972-Sept........
Oct.........
Nov..... .
Dec.........
1973-Jan.........
Feb.........
Mar,........
Apr.........
Gross
4,OT
3,759
4,969
2,975
4,486 '
7,029
5,340
6,359
9,380
5,081
5,336
8,778
5,409
278
320
Excise taxes - (Continued)
Fiscal year
or month
22,258
25,567
33,349
34,622
39,918
45,298
48,578
53,914
64,542
78,600
311
288
276
340
3
3
3
3
3
5
169
158
22,012
1,008
1,081
24
29
37
39
41
n.a.
20
Net total
social
insurance
taxes and
contri
butions
Total
1,129
1,867
2,052
2,253
2,701
* ■ 3,205
3,437
3,<?14
’ 4,000
1,334
1,426
Excise taxes
Miscellaneous excise taxes
1
Airport and airway trust fund
j
Contributions for other
insurances and retirement
Refunds
Net
total
Net total
excise
taxes
Gross
Refunds
127
123
120
212
114
224
32
123
313
153
n.a.
3,519
3,659
3,917
4,4a
4,379
4,637
5,354
5,542
5,322
5,665
n.a.
13,731
14,570
13,062
13,719
14,079
15,222
15,705
16,614
15,477
16,260
16,800
2,416
2,746
3,094
3,014
3,082
3,530
3,680
3,784
5,490
4,976
n.a.
1
51.1
473
527
447
456
489
421
372
519
472
1,327
1,387
1,452
1,286
1,437
1,186
1,244
1,318
1,446
1,386
320
412
492
371
400
572
494
334
473
340
Deposits of
earnings by
Federal
Reserve
banks
All
other
Net tata;
miscel
laneous
receipts
1,252
1,442
1,767
1,901
2,038
2,319
2,430
\2,591
3,287
3,138
3,500
947
1,372
1,713
1,805
2,091
2,662
3,366
3,533
3,252
3,495
n.a.
138
222
162
303
400
247
158
325
380
426
n.a.
1,084
1,594
1,875
2,108
2,491
2,908
3,424
3,858
3,633
3,921
4,200
9
8
6
10
6
9
18
16
8
14
237
281
284
234
289
255
278
262
280
273
383
152
288
277
276
303
277
322
333
361
117
191
95
-1
-32
-14
83
26
-69
-1
500
343
383
276
244
289
360
348
264
360
344
388
398
65
-79
198
409
308
597
Net
total
Gross
Refunds
Net
total
23
29
28
36
31
39
36
49
54
59
n.a.
2,394
2,716
3,066
2,978
3,051
3,491
* 3,644
3,735
5,436
4,917
5,400
1,284
1,478
1,811
1,972
2,113
2,387
2,494
2,657
3,394
3,308
n.a.
32
35
45
71
75
68
64
66
107
120
n.a.
4
4
5
7
4
4
4
4
7
5
316
409
487
364
396
568
489
330
466
335
246
288
291
244
295
264
296
278
289
287
512
473
531
449
456
492
437
479
522,
.487
4
2
*
3
16
107
2
15
509
672
530
1
-
509
671
530
1,538
1,434
1,436
404
499
378
6
4
5
398
494
373
285
315
245
9
12
8
276
303
238
1,711
1
1,710
4,408
1,281
15
1,266
845
29
816
-
-
Source:
Monthly Statement of receipts and outlays of the Government.
Revised estimates are based on the 1974 Budget as shown in the
Mid-Session Review, released June 1, 1973, and the statement of
Secretary Shultz released June 4, 1973. On October 18, 1973,
1,130
‘
185
1,314
Secretary Shultz announced that the budget would be in balance for
fiscal year 1974. Receipts and outlays are now estimated at
$270 billion.
n.a. Not available.
* Less than $500,000.
BUDGET RECEIPTS BY PRINCIPAL SOURCES
m
-
Total
Fiscal Years 1964-1974
.■■III
200— Fiscal Year 1 00 Comparison first
e months fiscal \
1973 and 1974
0 -
80-
$Bil. Individual Income Taxes
1964
1966
1968
1970
Social Insurance
Taxes and Contributions
M
0
M
1
H—I
c»
o
o
w
V—I
o
2
GO
I
1964
1966
1968
1970
1972
1974
Source: Monthly Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2.
ba
*
I.
November 1973
5
FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget Outlays by Agencies
(In millions of dollars)
!
Fiscal year
or month
148
162
181
1964............
1965............
1966.............
1967.............
1968.............
1969.............
1970............
1971............
1972.............
1973.............
255
277
340
384
487
540
600
1972-Sept........ |
Oct.........
Nov......... ■
Dec.........
1
1973-Jan.........
Feb.........
Mar.........
July........
Aug.........
f.ept........
Fiscal 1974 to
date............
!
1
240
1974 (Est.)......
May.........
June ......
The
Judi
ciary
Legis
lative
Branch
37
39
47
56
47
53
44
42
44
49
50
48
43
141
Executive
Office
of the
President
23
24
26
28
28
31
36
47
55
60
100
64
73
76
86
91
109
128
142
m
183
200
1
i
i
4r
4
4
5
6
5
5
5
5
5
5
4
6
u
15
17
16
14
15
17
13
18
17
16
17
*•
Defense Department
Funds ap
propriated
to the
President
Commerce
Depart
ment
7,458
6,795
5,513
5,841
7,307
8,330
8,307
8,560
10,943
10,028
9,200
3,694
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,700
259
136
291
291
793
228
299
150
770
328
643
62
273
2,326
847
1
249
677
3,422
Military
4,302
4,749
4,670
726
807
854
1,028
1,188
1,250
1,365
1,500
s 262r
402r
301 1 1,082
368
680
366
205
15
34
Agricul
ture De
partment
>
49,573
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
73,297
78,000
103
115
100
114
128
100
122
96
90
161
95
128
123
5,173r
6,066
6,250
5,965
6,332
6,075
6,633
6,207
6,238
7,473
5,033
6,662
6,032
17,727
346
Treasury Department
Fiscal year
or month.
State
Transpor-'
Depart tation
ment
Department
1/
Interest
on public
debt 2/
Other
Atomic
Energy
Com
mission
568
591
700
742
785
793
5,428
5,732
5,970
6,417
7,247
7,531
8,183
8,200
10,666
11,346
12,014
13,391
14,573
16,588
19,304
20,959
21,849
24,167
27,500
1972-Sept........
Oct.........
Nov.........
43
69
41
50
738
814
730
653
1,911
1,933
1,934
1,957
!
1973-Jan.........
Feb.........
Mar..........
Apr.........
May.........
June........
July........
Aug.........
42
45
45
50
29
18
120
75
66
692
471
526
485
648
874
478
754
697
2,070
2,010
2,128
2,144
2,157
2,184
2,317
2,340
2,406
210
; 2,140
210
138
225
347
1,616
219
57
229
210
-60 1
-108
1,546
-56
221'
146 1 177
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973.............
1974 (Est.)......
347
384
410
419
424
437
448
468
Environ
General
mental
Services
Protection Admin.
Agency
_
361
'300
-114
87
413
-327
82
336
206
31
275
6,815
6,700
2,763
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,392
2,393
2,400
701
763
1,114
2,500
131
413
425
446
501
589
438
-300
8>
-213
164
2,562
171
191
187
196
83
74
71
89
54
48
54
-75
fiscal 1974 to
1,636 , 290
1,928
, 7,062
261
flate...........
Source: See Table FFO-1.
.
ttDte*
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts
are shown in this table beginning with the period of such shifts;
figures prior to the shifts have been ad justed.
1/ Figures prior to fiscal 1967 represent expenditures for the Federal
Aviation Agency.
-
-242
-
1
Civil
Health,
Education,
& Welfare
Department
Housing &
Urban De
velopment
Department
Interior
Depart
ment
1,130
1,211
1,278
1,310
1)300
1,268
1,211
1,376
1,530
1,703
1,700
21,695
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779
82,042
93,800
283
665
2,856
2,777
4,140
1,529
2,603
2,890
3,642
3,592
4,500
685
694
661
432
235
837
1,136
225
1,256
-2,237
-600
325
355
366
403
430
515
640
916
1,180
1,531
1,800
4,044
3,532
3,109
3,286
3,272
3,475
4,356
7,923
10,033
8,639
7,700
185
186
162
112
128
101
118
118
112
232
6^
144
153
6,271
7,044
7,037
6,972
7,121
7,051
6,554
7,125
7,583
7,815
6,902
7,203
7,396
358
158
353
366
459
309
205
163
-205
289
853
750
656
9
-309
78
-179
-1,174
95
97
94
-222
-1,101
167
143
131
130
126
109
121
139
153
131
139
137
131
172
136
609
605
662
676
807
761
814
716
673
667
702
706
503
359
21,502
2,259
-792
438
1,910
Veterans
Adminis
tration
Other
independ
ent
agencies
3/
4,171
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,200
5,660
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710
11,968
12,000
3,442
4,364
5,085
6,554
7,337
4,890
7,246
8,879
9,886
11,446
10,800
831
893
1,276
986
1,154
1,043
1,061
i,lll
1,014
862
1,097
1,050
968
3,115
National
Aero
nautics
& Space
Admin.
63 ’
65
134
1
107
111
,
189
55
88
65
82
37
52
28 '
-23
-8
97
3
30
273
271
272
284
271
241
301.
265
255
301
278
262
246
208
131
785
2/
2/
Lf
5/
r
_y
*
979r
815
907
712
1,468
628
1,092
970
914
1,169
2,274
927
, 1,197
4,398
Justice Labor
Depart Depart
ment
ment
84
Undistribut
ed intra
budgetary
transactions
A/
Total
-2,877
' -3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,378
-9,100-
118,584
118,430
134,652
158,254
178,833
184,548
196,588
,211,425
231,875
246,526
268,700 2/
-276
-276
-353
-2,474
-297
-397
-329
-324
-377
-2,616
-850
-670
-849
l8,448r
20,055
21,165
19,721
23,631
20,227
20,806
22,306
20,157
20,814
22,607
22,139
20,736
-2,370
65,482
Reported on an accural basis.
Includes the U.S. postal Service.
For content see Table FFO-4.
.
includes $800 million estimate for special allowances for pay raises
and contigencies.
Revised.
Treasury Bulletin
6
.FEDERAL FISCAL OPERATIONS,
Table FFO-4. - Undistributed Intrabudgetary Transactions
(In millions of dollars)
Federal employer contributions to retirement fluids
Interest credited. to certain Government accounts
Defense
Health, Education, and Welfare Department
Health, Education,
Civil Service
Department
and Welfare Dept.
Commission
Federal
Old-Age
Federal
Federal
Federal
Soldiers* &
Other
Total
and Survivors
Disability
Hospital
Supplementary
Airmen's
^Federal Old-Age,
Civil Service
Insurance
Insurance
Insurance
Medical
Home
Disability, and
Retirement and
Trust Fund
Trust Fund
Trust Fund
Insurance
Permanent
Hospital Insurance
Disability Func
Trust Fund
Fund
1
Fiscal year
or month
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972...........
1973............
1974 (Est)......
279
282
353
475
510
611
728
727,
742
816
n.a.
973
1,042
1,090
1,181
1,310
1,401
1,709
1,876
2,018
2,101
n.a.
4
4
4
5
5
6
8
8
9
10
n.a.
1972-Sept.......
Oct........
Nov........
Dec........
1973-Jan........
Feb........
Mar........
Apr........
May........
61
53
55
52
86
78
74
72
81
76
71
73
72
177
175
167
155
192
172
189
175
178
173
193
184
174
*
1
1
1
1
1
1
1
1
1
1
1
216
551
3
July.......
Aug........
Sept.......
Fiscal 1974 to
Tr?nxowcui.
opal vPflT
jfcai
or month
1964............
1965...........
1966............
1967...........
1968...........
1969............
1970...........
1971............
1972............
1973............
Interior
Department
Labor
Department
Indian
Tribal
Funds
Unemployment
Trust Fund
7
8
10
9
7
5
15
10
8
18
213
255
309
380
439
517
601
637
496
487
1974 (Est)......
1972-sept.......
Oct........
Nov........
Dec........
1973-Jan........
Feb........
Mar........
Apr........
li/fay........
June.......
July.......
Aug........ |
Sept.......
*
*
7
*
1
1
*
2
1
4
*
2.
4
15
21
168
1
3
40
17
21
166
1
J017I
L
1,256
1,329
1,447
1,661
1,825
2,018
2,444
2,611
2,768
2,927
3,100
538
582
587
721
894
1,009
1,346
1,617
1,718
1,848
n.a.
68
65
59
64
83
140
221
324
388
435
n.a.
_
7
46
61
94
138
183
190
198
n.a.
15
21
23
12
17
29
43
n.a.
19
17
40
799
4
44
9
31
39
792
1
4
45
17
2
*
4
202
*
7
2
2
5
204
*
7
2
1
2
10
71
3
5
5
7
7
84
2
2
4
2
1
1
14
1
2
2
2
1
17
1
1
1
1
66
9
8
3
3
3
3
3
3
3
3
3
3
3
n.a.
239r
229
223
208
279
251
264
248
260
250
_
1
1
_
1
_
_
1
265
258
247
_
769
'
Interest credited to certain Government accounts - (Continued)
Transportat ion Veterans Administration Civil Service
Department
Commission
Railroad
Government National
Service
Civil
Service Retirement
Life
Highway
Board
Retirement
§
nd
Insurance
Life
Trust Fund
Fund
Insurance Disability
Fund
Fund
20
11
8
14
34
53
115
184
206
247
34
34
33
30
32
32
31
31
32
31
176
182
191
198
211
225
245
271
292
309
420
482
546
622
706
805
987
1,232
1,464
1,566
140
155
161
170
181
191
215
251
258
262
n.a.
n.a.
n.a*
n.a.
5
*
*
*
15
*
*•
*
*
*
15
$
8
86
1
2
3
6
6
119
1
3
5
X1
n.a.
n.a.
6,000
9,100
TJ.
%fi
27
QQ
77
*
*
*
2
*
*
•*
*
*
3
18
146
65
76
118
2,366
276
276
353
2,474
297
397
329
324
377
2,616
3
71
7
3
19
-1
571
219
564
586
412
602
850
670
849
,
80
Less than $500,000.
Revised.
Not available.
19
1,354
1,600
1
j0
1
J-
2
5
3
SKry
I
4
*(7
OQ
r(rX\.cJl
2
6
*
Fiscal 1974 to
2
9 '
' 42
date.........
,
Source: See Table FFO-2.
1/ Beginning fiscal 1974, includes adjustment of interest on public
debt issues to convert to the accrual basis.
LHr
C
PQ
*
,
....
Grand
Total
2,877
3,109
3,364
3,936
4,499
5,117
6,380
7,376
7,858
8,378
660
147
2
Total
1,621
1,780
1,917
2,275
2,674
3,099
3,936
4,765
-5,089
5,452
143
TJL
Other 1/
_
Qy
XUO
1
19
1
1
0
4
2
2
2
3
5
4
47
130
2,266
.....2 ^ , 7 0 .
Table FFO-5. - Budget Outlays by Major Function
S'*
(In millions of dollars)
Fiscal year 1974
Fiscal year 1973
vUiil^/CU Q. UJ.C
Function
Sept.
853
-1
852
Proprietary receipts from the public....
Total education and manpower...........
4
4
4
t ^
1 o n \3
National Defense
Outlays...............................
Proprietary receipts from the public....
Intrabudgetary transactions............
Total national defense................. 5,3 69r
International affairs and finance
Outlays...............................
219
Proprietary receipts from the public....
-21
_ *
Intrabudgetary transactions............
.fatal international affairs and finance..
198
Space research and technology
Outlays.............................. '.
273
-1
Proprietary receipts from the public....
Total space research and technology.....
273
Agriculture and rural development
O i t l a y s .............................
115
Proprietary receipts from the public....
-13
r Total Agriculture and rural development..
102
Natural resources and environment
530r
Outlays...............................
Proprietary receipts from the public....
-210
Intrabudgetaiy transactions............
Total natural resources and environment..,
320r
nommerce and transportation
Outlays...............................
l,l86r
Proprietary receipts from the public....
-11
Intrabudgetary transactions............
-2
Total commerce and transportation....... 1,173
Qommmity development and housing
Outlays...............................
408
_*■
Proprietary receipts from the public....
Total community development and housing..
408
Education and manpower
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
6,963
,8,228
-208
-5r
8,015
346
-23
254
-16
251
-116
563
-78
6,829
-190
-6
6,375
-111
*
7,116
-155
2
6,633
6,265
352
-2
311
-90
346
-264
284
-4
-■*
-*
- *
-*
June
6,713
-429
117
6,401
6,464
-208
-121
6,135
-*
May
6,628
-208
-3
6,417
6,699
6,459
-196
-155
-2
1 *
6,501
6,305
285
-26
Apr.
-• *
-*
-*
July
Aug.
Sept.
4,878
7,071
-303
L
6,772
6,481
-379
-8
6,095
18,627
-878
-4
17,745
16,891
-466
8
16,433
319
-11
329
-2
207
-2
856
-16
844
-34
5,074
-196
*
vo
period
Cumulative FI 1973
to date
u!
- *
259
350
221
82
280
323
237
136
486
308
327
205
840
271
273
-1
272
286
-2
273
-1
271
241
301 ^
265
262
246
-*
- *
301
265
304
-3
301
280
241
257
-2
255
278
262
246
788
-3
785
854
-4
850
347
-18
1,012
-18
447
-17
-149
-6
-155
-123
-3
-126
2,427
-11
3,680
-54
2,011
448
’
-8
440
-32
-3
431
382
-14
368
2,011
994
-60
-17
-77
-35
2,415
3,626
408
-1,461
433
-123
440
115
435
-136
707
-591
2
425
-1,366
679
-106
506
-84
1,610
-1,557
-1
1,543
-1,509
53
33
810i
M
-*
271
284
822
-16
806
329
-124
-22
-146
535
-551
475
-121
441
-481
- *
- *
«-2
-*
-16
353
-40
-1,053
351
-120
-1
230
1,071
-12
-2
1,056
1,091
-11
-99
982
841
-11
-1
829
1,560
-12
-1
1,546
684
-64
-53
567
1,072
807
-11
-4
793
244
384
414
483
368
270
243
- *
- *
_•*
-*•
244
384
414
483
368
270
243
-149
309
911
779
712
2,402
1,595
801
-1
800
852
-1
851
960
809
-1
808
904
-1
904
787
-1
786
789
-1
788
1,067
-2
1,066
1,339
-2
1,336
777
-1
777
$55
663
-2
661
2,395
-3
2,392
2,524
-2
2,522
-*
-■ *
-• *
960
- *
-*
,
(Continued on following page)
_ *
-1
-X
-*
-1
310
324
298
118
-942
573
422
1,087
-15
925
-16
-3
907
1,480
-8
-38
2,110
-6
3,384
-47
-5
2,104
974
-16
-1
957
4,197
-45
-2
1,434
1,113
-22
-1
1,090
4,151
3,333
-149
309
911
779
712
2,402
1,595
-■ *
-*•
- *
-*
-• *
-*
-*
-*
-*•
_■*
-*
954
- *
- *
5
tt"1
CO
o
£
o
w
si— *
o
a
CO
00
Table FFO-5. - Budget Outlays by Major Function - (Continued)
(In millions of dollars)
Fiscal year 1974
Fiscal year 1973
Function
Sept.
Oct.
Nov.
1,749
1,557
-*
-126
' 1,430
1,966
-■
*
-117
1,848
6,260
6,006
Jan.
Feb.
Mar.
Apr.
May
June
1,939
-•*
-543
1,395
1,752
-1
-125
1,626
1,654
-1
-120
1,624
1,534
-116
1,507
1,831
-*
-126
1,705
1,690
-*
-118
1,572
1,822
-X
-114
1,709
6,841
6,504
-*
-•*
6,373
-•*
-■
*
6,077
-*
-20
6,373
6,057
7,362
-*
-809
6,552
6,538
6,503
6,357
-*
-4
6,353
1,154
-40
1,059
-41
Dec.
July
Aug.
Sept.
2,004
-■
*
-168
1,835
1,766
-■
*
-167
2,080
_*
-158
1,599
-13
6,525
5,954
-*
3
5,957
906
-39
1,140
-41
Comparable’
,
period
Cumulative FY 1973
to date
Health
Outlays................................
Proprietary receipts from the public.....
Intrabudgetary transactions.............
Total health...........................
Income security
Outlays................................
Proprietary receipts from the public.....
Intrabudgetary transactions.............
Total income security...................
Veterans benefits and services
Outlays................................
Proprietary receipts from the public.....
Intrabudgetary transactions.......... .
Total veterans benefits and services.....
Interest
Outlays................................
Proprietary receipts from the public.....
Intrabudgetary transactions.............
Interest and dividends..................
Total interest..........................
General government
Outlays................................
Proprietary receipts from the public.....
Intrabudgetary transactions..............
Total general government................
General revenue sharing
Expenditures..... ........................
Proprietary receipts from the public.....
Intrabudgetary receipts.............. ...
Total General revenue sharing...........
Undistributed intrabudgetarv transactions
Net budget outlays......................
-113
1,636
5,364_
-*
-*
-■ *
- *
1,922
5,850
-1
-493
5,356
4,452
-1
-356
4,095
6,333
-•*
3
6,336
6,381
18,668
5
16,015
-*
-146
6,380
18,673
15,869
1,097
-42
1,005
-35
_*
3,242
-117
-1
-1
-29
5,335r
-2
6,258
-3
6,002
-526
6,315
876r
-41
937
-41
-*
1,325
-46
-*
1,024
-35
-*
1,203
-45
-•*
1,090
-45
-*
1,107
-43
-X
834r
896
1,279
989
1,157
1,046
1,064
1,114
1,017
866
1,099
1,054
970
3,124
2,699
-122
-1
2,576 1
1,930
-12r
-18r
-*r
l,900r
1,944
-49
-336
1,949
-20
-5
-5
1,919
1,968
-89
-48
-22
2,020
-13
-4
-*
2,145
-14
-34
-1
2,097
2,157
-23
-13
-•*
' 2,184
-7
-11
2,165
2,184
2,848
-1
-635
-53
2,159
2,421
2,120
2,202
—40
-118
-39
2,004
2,332
-2
-147
-*
1,809
2,083
-27
^ -228
-51
1,777
7,116
-3
-325
-53
6,735
5,697
-37
-336
-3
5,322
483
-26
-10
448
452
-28
-10
415
591
2
-8
586
430
1
-22
593
-20
-10
563
662
-11
-9
643
2,204
-117
-576
452
495
-17
-12
466
1,750
-48
-30
409
520
-42
-11
466
1,729
-60
-1,217
374
489
-13
-14
462
2,617
5,504
9
-*
1,493
3
-*
7,549
-3
16
7,563
-
-3
16
-6,055
1,508
-
-670
-849
20,736
-2.370
65,482
41#r
-82
-10
325r
-276
18,448r
1,559
465
8
-11
463
5,305
-5,305
-276
20,055
-353
21,165
2,002
438
-39
-26
_•*
- *
-■ *
-• *
2,617
2,514
-297
23,631
2,392
-6,055
-2,990
-2,474
19,721
-28
9
-397
20,227
-329
20,806
1,493
-324
22,306
3
-377
20,157
1,495
... -850 1
-2.616
20,814
.
22,607
22,139
'i
■GQ
1,672
_,.,=S2£_
57,639 ,
r
Source:
Monthly statement of receipts and outlays of the Government.
* Less than $500,000.
r Revised.
1
8s
8*
8*
9
November 1973
FF.nF.RAT, FISCAL <~>p f .r a t i o n s
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education and Welfare Department
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973 ..........
1974 (Est.)......
692
458
-858
3,741
1,584
2,898
3,953
1,274
1,827
2,298
n.a.
-137
-263
-413
296
591
1,121
1,342
1,263
934
792
n.a.
1972-Sept........
Oct.........
Nov.........
Dec.....
1973-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June ......
-1,607
3,044
-557
—688
-292
189
380
287
-219
326
-7
1,651
-1,051
-48
396
-151
104
-27
-53
152
126
-80
287
-29
5
50
July........
Aug.........
Sept.....
Fiscal 1974 id
date...........
Fiscal year
or month
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971...........
1972.............
1973 ...........
1974 (Est.)......
1972-Sept........
Oct.........
593
Sept........
Fiscal 1974
to date.........
_
_
-
-
786
497
87
590
693
377
-146
1,338
n.a.
479
-197
77
-345
244
221
222
n.a>.
38
-252
-391
577
52
-51
-4
50
193
-3
486
74
131
493
264
320
484
14
26
18
31
-•*
-8
89
110
7
1,069
208
-
Other
Federal
Housing
Adminis
tration
*
_
*
*
*
*
*
-1
_
-*
n.a.
138
-194
-129
45
135
165
131
128
109
31
n.a.
*
_
*
9
-2
-7
-•*
-*•
15
-1
-20
*
-
_
_
_
*
-
-X
37
*
37
*
Veterans
Administrat ion
rreasury National
department Service
Airport
Life In- ' Other
Highway
Airway
surance
Trust Fund Trust Fund
Fund
_
-69
165
69
-24
126
6
-59
-344
-28
388
204
40
-70
484
-109
723
257
-589
122
224
-747
5
534
29
1,089
-5
86
14
1,380
20
1,033
83
1,201
822
62
29
272
26
1,094
353
n.a.
n.a.
n.a.
n.a.
n.a.
,
Federal
Savings
and Loan
Insurance
Corpora
tion
1
2
_
-
2
2
1
1
3
4
n.a.
n.a.
n.a.
n.a.
9
12
75
-5
34
291
-2
1
61
-3
-8
97
-3
2
5
29
7
6
49
8
4
29
67
10
61
*
-74
-30
-21
-137
-214
-111
-62
-63
-164
-451
1,199
-69
-108
-68
2
-59
-6
-181
-34
-55
-185
800
16
-190
15
-212
86
72
1,022
645
-34
-26
-9
120
-198
-233 '
332
-161
-475
208
-406
-280
1,339
553
-266
«
1,172
-252 ,
______ 654_j
Railroad
Retire
ment
Board
Postal
Service
n.a.
224
not available for this table.
n.a. not available
-1
_*
-1
_*
*
-1
1
-*
*
1
2
*
w*
2
1
1
*
1
-1
3
1
3
1
1,370
-280
-3
-3
-3
Source;
See Table FFO-2.
Note: Revised estimates are
* Less than $500,000.
-*•
-1
582
967
1,468
1,156
1,146
938
488
-1,747
-1,428
1,144
n.a.
2
5
9
n.a.
69
149
154
173
135
59
268
-9
-110
24
69
rr>
t'i
82
-
32
28
M
1
6
n.a.
244
208
204
212
265
283
173
196
148
257
113
256
164
103
201
61
237
295
114
-
_
62
55
15
12
18
23
65
-142
126
41
-23
8
48
32
Unemploy
ment Trust
Fund
24
-17
14
-8
-10
-3
_
3
-3
183
180
227
238
258
313
328
180
438
537
-39
328
-23
575
56
29
47
-34
7
1,668
213
-8
-85
-
-2
-3
_■
*
27
-2
-2
-2
-2
-4
21
-256
-161
-19
-9
-7
-8
—8
-6
-8
-4
n.a.
25
50
62
470
465
-369
197
-202
299
n.a.
Other
1,189
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123
3,337
4
8
11
142
-10
-1
-11
-14
-11
135
-7
-6
-13
19
-93
109
170
Government National
Mortgage Assn.
t Federal
Insurance
Partici
Adminis
pation
Other
tration
Sales
Fund
Federal
Civil
Deposit
Service
Insurance
Commission Corpora
tion
-1
-30
4
112
21
25
-9
-16
3
14
15
-65
15
-
-
May.........
June ......
July........
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Transportat ion
Department
-
Dec.........
1973-Jan.........
Feb.........
26
Hous:Lng and Urban Develrm
_
_
_
_
_
_
.
-387
*
*
*
*
*
•*
*
_*
n.a.
-*
*
_*
-■
*
:
-
All
Other
Total
-7
■
*
32
51
-21
-204
237
-145
26
67
2,864
2,330
3,244
9,035
5,320
8,522
10,062
7,417
8,420
11,821
n.a.
2
4
17
-19
14'
7'
2
4
3
20
14
8
-3
-
Other
18
n.a.
-1,847
3,173
-617
761
-732
899
790
-105
^,202
3,240
1,583
3,705
-929
_ _
Table FFO-7. - Trust Funds Transactions July 1, 1973 through September 30, 1973
(In millions of dollars)
Outlays
Receipts
Intragovernmental transactions
Classification
Total in
trust
funds
(2)
(l)
Federal Old-Age and Survivors
Insurance.....................
12,238
1,561
Federal Employees Retirement....
Federal Deposit Insurance
Corporation.............. .
Indian Tribal Funds............
Veterans Life Insurance........
Total........................
-
Unified
budget
receipts
attrib
utable
to trust
funds
y
(4)
Total in
trust
funds
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
Outlays
of trust
funds
Federal
payments
and con
tribu
tions
(5)
(6)
(7)
(8)
(9)
(10)
Interest
Federal and pro
fits
on
employer
contri invest
in
butions ments
Federal
securities
(15)
(16)
225
11,432
581
a
159
66
20
9
-
29
1,4°0
-
45
1,662
1,208
234
12,013
11,657
-
-
1,561
29
1,532
1,519
-
-
1,519
-
37
8
-
(14)
(12)
225
-
Excess of
receipts
or outlays
(-)
Total
til)
12,238
11,657
Other
Unified
budget
outlays
attrib
utable
to
trust
funds
(13)
-
2,oi4
-
2,914
45
2,869
1,706
-
-
1,706
917
_
917
495
422
683
-
-
683
493
- -
3
-
495
188
553
80
-
634
695 -
-
-
-
-
-86
-
-
-
-83
83
-
-
-
95
120
1,508
4,546
1,108
602
1,209
1
1,208
633
574
1,330
1
-
1,329
*
-
-
-
-
-
-86
-
-
-86
-
-
-
-
-
-
-83 .
-
-
-83
-
214
-
214
-
215
-
-
95
-
6,055
- «
-
1,508
-
-
-
-
-
-
9
-
9
*
-
2
-
2
25
-25
201
95
-
6,055
-
6,055
1,508
1,719
-
1,719
9
1,710
1,117
-
-
1,117
26
24
1
2
-
50
-
24
26
621
621
-
-
-
420
-
621
-201
291
*
291
19
271
654
*
-
654
1,878
-
1,878
35
1,843
1,085
-
-
1,085
-
-121
86
-
-
-
-
-201
-
-
19
-
19
634
-363
-
-
42
-7
35
1,050
793
-
-
8
1
9
53
-53
-
126
117
9
9
-
179
-
117
62
333
45
289
283
6
33
-
45
-12
2
-
281
*
283
-294
300
30,102
808
29,294
1,785
27,509
21,868
2
806
21,060
495
769
527
-6
1,785
19,276
8,233
FISCAL OPERATIONS
Federal Employees Life and
-
(3)
Intragoveramental
trans
actions
2/
.FEDERAL
Federal Hospital Insurance......
Federal Supplementary Medical
Trust
interfund Receipts
and pro of trust
prietary funds
receipts
1/
—
Source: Based on monthly statement of receipts and outlays of the Government.
Note: The memorandum section of various tables in the Federal Budget presents the trust fund receipt
and outlay data on the same concept as columns (3) and (9) above. Trust interfund transactions
are payments from one trust fund to another trust fund and are excluded in calculating trust fund
receipts and outlays. The Intragoveramental transactions are payments from Federal funds to trust
funds, and vice-versa, but excludes trust fund payments of $26 million to Federal Funds,
l/ For content see columns (7) and (8).
2/ For content see columns (10-13).
2/ Includes net taxes and other receipts, mainly deposits by States and Federal
employee retirement contributions.
y Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
* Less than $500,000.
I
s=
S
»*
Table FFO-7. - T rust Funds T ransactions July 1, 1972 through June 30, 1973 F inal
(In millions of dollarg)__________________________________________________
Outlays
Receipts
5"
Intragovemmental transactions
Classification
Total in
trust
funds
Trust
interfund
and pro Receipts
prietary of trust
receipts funds
Intragovernmental
trans
actions
1/
2J
Unified
Trust
budget
receipts Total in » inter
fund
attrib trust
trans
utable
funds
actions
to trust
funds
1/
Federal Old-Age and Survivors
Insurance......... .
Federal Disability Insurance...;..
Federal Hospital Insurance.......
Federal Supplementary Medical
44,422
5,966
8,352
783
20
*
43,638
2,936
5,946
8,352
565
748
40,703
5,381
7,603
43,623
5,467
6,842
783
20
2,902
*
2,902
1,475
1,427
Federal Employees Retirement.....
7,266
6
7,261
5,073
-
-
-
Federal Deposit Insurance
Corporation....................
-
-
Airport and Airway..............
807
General Revenue Sharing.........
Highway.........................
Propri
etary
receipts
from the
public
Outlays Federal
of trust payments
funds
and con
tribu
tions
Interest
and pro
Federal fits on
employer invest
contri ments in
butions Federal
securities
Other
Total
u
Unified
budget
outlays
attrib
utable
to
trust
funds
Excess of
receipts
or outlays
(-)•
VO
a
42,840
5,448
6,842
473
51
430
615
80
121
1,848
-
*
*
*
435
198
-
565
748
39,904
4,882
6,093
799
499
1,510
2,637
-
*
2,637
1,432
-
43
-
1,475
1,162
265
2,187
4,555
6
-
4,549
1,760
2,111
1,570
14
5,455
-905
3,093
-
-
-134
-
-
-134
-
-
-
-
-
-134
134
H
U
M
W
>
f
-
-
-
-538
—
-538
“
~
—
“
-
-538
538
•*1
GO
-
807
49
758
703
-
-
703
-
-
-
49
49
654
104
8,295
-
8,295
-
8,295
6,636
-
-
6,636
-
-
-
-
-
6,636
1,658
5,912
-
5,912
247
5,665
4,811
-
-
4,811
-
-
247
-
247
4,564
1,101
Indian Tribal Funds.............
202
75
127
127
-
194
-
75
- 119
108
-
18
-
127
-8
8
Military Assistance Advances.....
1,730
1,730
-
-
1,396
-333
-
-
-
-333
333
8
1,472
1,189
2,445
-
2,437
22
-
1,480
8
1,730
Railroad Retirement........... .
283
-
261
-
283
2,154
-965
-*
Federal Employees Life and
2,936
*4
6,685
633
6,051
5,354
-
-
5,354
-
-
487
146
634
4,720
1,331
Veterans Life Insurance..........
$37
495
342
342
-
585
-
495
90
-
-
340
2
342
-252
252
All other trust.................
676
207
470
446
24
212
-
207
6
-167
-
5
227
64
-58
82
95,531
3,322
92,209
12,925
79,284
84,789
816
2,506
81,467
4,109
2,927
5,452
438
12,925
68,542
10,742
6,685
Total.........................
Source: Based on monthly statement of receipts and outlays of the Government.
Note: The memorandum section of various tables in the Federal Budget presents the trust fund receipt
and outlay data on the same concept as columns (3) and (9) above. Trust interfund transactions
are payments from one trust fund to another'trust fund and are excluded in calculating trust fund
receipts and outlays. The Intragovemmental transactions are payments from Federal funds to trust
funds, and vice-versa, but excludes trust fund payments of $121 million to Federal Funds.
1/ For content see columns <(7) and (8).
It
V
*
For content see columns (10-13).
Includes net taxes and other receipts, mainly deposits by Stages and Federal
employee retirement contributions.
Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
Less than $500,000.
a
>
t-1
sH
»
I— I
o
z
CO
Treasury Bulletin
12
_
_
_
FEDERAL FISCAL OPERATIONS
Table FFO-8. - Loan Disbursiements and Repayments, Net
Lending, and Loan Balances' of Federal Credit Programs 1/
(In million of dollars)
Fiscal Year 1974
September 30*1973
Cumulative to date
Classification
Loan
Loan
Disburse Repay
ments
ments
Funds appropriated to the President:
Defense production act.................................
Overseas Private Investment Corporation................
_
_
-2
-4
2
-2
58
53
51
-
1
78
-
-
-
-
Agrigulture Department:
Commodity Credit Corporation:
Storage facility and short-term export sales credits...
Total — Farmers Home Administration.................
_
2
Total — Funds appropriated to the President.........
Farmers Home Administration:
Economic opportunity loans...........................
Agricultural credit insurance........................
Direct loans........................................
Emergency credit....................................
Rural development insurance..........................
Rural housing insurance..............................
Self-help housing land development...................
State rural rehabilitation...........................
_
Loan
Loan
Net
Lending Disburse Repay
ments
ments
26
104
'182
1- . — -
j
Loan
Net
Balances Loan
Loan
Lending End of
Disburse Repay
Period
ments
ments
“1
-2 '
2
3
14
4
w2
2
5
113
133
-1
-26
186
1
264
-
-
-
Comparable Period
Fiscal Year 1973
Net
Lending
’
2
-
2
17
2
-
2
-20
1,545
229
87
143
-1
-78
_x
45
1,240
1,400
53
167
2,147
*
*
*
110
40
*
_
325
-
1
17
40
9
6
*
-1
93
-X
-9
_
319
_
X
-
6
193
*
-
20
-88
-x
-
63
331
_
-
"22
502
*
x
277'
-95
581
790
-209
5,053
475
73
402
-
41
-170
Rural Electrification Administration:
Other...............................................
Other.................................................
-
x
-x
x
x
_x
33
6,321
4
7
~
-
7
—
-
Total — Agriculture Department......................
'240
330
-90
£>94
923
-229
12,957
711
159
552
1
-2
10
474
_*
3
-4
1
4
_
6
1
-1
-9
x
1
Commerce Department:
Economic Development Assistance:
Economic Development Administration..................
Promotion of Industry and Commerce:
Trade Adjustment Assistance................. ........
Maritime Administration:
Federal ship mortgage insurance......................
Other...............................................
National Oceanic and Atmospheric Administration.........
-1
1
X
-
*
*
—
_x
_x
*
*
*
1
-x
-•*
19
31
7
*
*
1
-X
-1
Total — Commerce Department.........................
*
1
-1
11
5
6
541
_*
4
-5
Defense Department:
Military:
Defense production guarantees........................
Civil:
Construction of power systems, Ryukyu Islands.........
-
*
_■*
-
1
-1
2
1
1
-X
-
^ *
_*
-
x
-■
*
S
-
X
_x
x
_x
-
1
-1
11
* 1
1
-X
2
32
x
466
Total — Defense Department..........................
l
Health, Education, and Welfare Department:
,
Health Services and Mental Health Administration........
Office of Education:
Higher education activities..........................
Student loans........................ ...............
Cither...............................................
Other........................... ......................
Total — Health, Education, and Welfare Department....
Housing and Urban Development Department:
Federal Housing Administration:
Federal Housing Administration fund..................
College housing loans................................
Housing for the elderly or handicapped fund.......'...
Low-rent Public Housing Program......................
”
2
*
3
1
’“
43
5
*
116
1
*
*
*
_x
3
_x
1
1
2
3
*
29
X
2
14
*
1
6
1
*
*
-4
13
-x
*
106
25
29
2
8
*
1
-
-X
7
X
1
3
18
7
11
658
10
3
8
41
3
-1
87
124
10
1
206
7
11
1
80
117
-1
-1
126
1,495
3,265
523
177
72
13
2
166
5
8
1
56
67
5
1
110
'
2
1
_
November 1973
13
FF.nP.RAT. FISCAL OPF.RATTONfi
Table FFO-8. - Loan Disbursements and Repayments, Net Lending,
and Loan Balances o f Federal Credit Programs - (Continued) 1/
(In million of dollars)
Fiscal Year 1974
Cumulative to date
Serjytember 30, 1973
Classification
Loan
Loan
Disburse-t Repay
ments
ments
Housing and Urban Development Department:
(Continued)
Government National Mortgage Association:'
Special assistance functions........................ ►
Management and liquidating functions fund...........
Participation sales fund............................ ,
Housing management...................................
Community development t
Urban renewal programs..............................
Rehabilitation loan fund............................
Public facility loans..............................
Comparable Period
Fiscal Year 1973
Loan
Net
Loan
Loan I Net
Balances Loan
Loan
Lending Disburse Repay Lending End of
Disburse Repay
ments
ments
Period
ments
ments
Net
Lending
-33
-6
-•*
798
3 - 1
271
20
3
1 •
527 i
-20
-1
3,865
427
14 1
339
-
222
6
*
*
193
40
*
146
-40
-*
*
228
1
3
93
1
1
136
*
2
421
7
5
154 *
2
2
266
5 1
3 ,
476
203
465
285
3
7
90
2
2
195
1
6
Total — Housing and Urban Development Department....
586
356
230
Interior Department:
Bureau of Reclamation...............................
Other..............................................
3
*
*
*
Total — Interior Department........................
4
*
Transportation Department.............................
2
Treasury Department................... ...............
-
-
General Services Administration.......................
-•*
Veterans Administration:
Direct loan program.................................
Loan guaranty program...............................
Government life insurance fund......................
National service life insurance.....................
Other..............................................
Total — Veterans Administration....................
Other independent agencies:
189
-
'
1,574
551
1,023
10,909
888
398
490
3
*
6
1
1
*
5
*
179
61
5
*
1
*
4
*
4
7
1
5
240
5
1
5
2
9
5
—
5
-
-
1
-1
-3
5
24
1
12
1
7
6
1
6
1
-2
18
*
5
1
14
^ 70
2
36
4
25
21
2
22
2
43
21
22
127
73
44
'
9
j
2 ,
- j
91 i
6 ‘
-
-
-
109
*
*
*
-11
.49
-•*
14
3
801
1,061
67
930
66
13
50
1
30
4
46
91
2
21
2
-33
-41
-1
9
3
54
2,926
98
161
-62
44
663
-2
-
-5 ,
44
44
7
*
—
-7
_•*
*
-
7
*
-
-7
-*
-
137
102
-
•*
-
2
-
30
75
14
11
16
65
80
121
47
33
33
88
1,420
1,318
40
72
45
19
1,029
744
284
2,684
1,652
1,032
32,105
1,833
795
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation.......
Interstate Commerce Commission......................
National Capital Planning Commission................
Small Business Administration:
Business loan and investment fund.................
Disaster loan fund................................
—
Total — Loan Account...............................
*
Source:
Bureau of Accounts.
Note:
This table contains the data formerly included in the loan
account classification, and last published in the June 1972
Preliminary Monthly Statement of Receipts and Expenditures of the
U. S. Government in Section B— The Loan Account of Table III--Budget
Receipts and Outlays. The loan balances presented in this table
are preliminary and may not agree with the later data published
-
-6
53
1,038
quarterly in Table GA-III-2. - Direct and Guaranteed Loans Outstanding.
1/ The loan account/expenditure account distinction was discontinued in
fiscal 1972 pursuant to GMB Circular No. A-ll, Revised, Dated June 12,
1972. Data formerly classified in the "loan account" will be pub
lished monthly in the Bulletin for users’convenience while the
need for such data is being assessed.
* Less than $500,000.
14
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-9. - Detail of Excise Tax Receipts
(In thousands of dollars)
Fourth Quarter of
fiscal year
Fiscal Year
Type of Tax
Alcohol taxes: 2/
Wines................................................
Tobacco taxes: 2/
Cigars...............................................
Cigarettes.... .......................................
Other 1/.............................................
Total tobacco taxes...................................
Documentary and certain other stamp taxes 4/ ............
Miscellaneous excise taxes:
Admissions to theaters, concerts, etc. 15/............
Admissions to cabarets, roof gardens, etc. 15/.........
Club dues and initiation fees 16/.....................
Telephone and teletypewriter exchange service 17/......
Transportation of:
Persons by air 18/..................................
Property by air 12/.................................
Use of International air travel facilities 20/.........
Use of safe deposit boxes 21/............. ...........
Coconut and other vegetable oils processed 22/.........
Sugar................................................
Narcotics and marihuana, including occupational taxes
22/ ....................................................................................................................
Coin-operated amusement devices - bowling alleys, pool
tables, etc. 21/.....................................
Coin-operated gaming devices.................. .......
Wagering Occupational tax............. ...............
Fsgets.................. ...................... .......
Use tax on civil aircraft 24/..........................
Use tax on highway motor vehicles having a "taxable
gross weight" exceeding 26,000 pounds £/.............
Adulterated butter and filled cheese (imported and
domestic), process or renovated butter and imported
oleomargarine.......................................
Firearms transfer and occupational taxes..............
Interest equalization g5/.............................
Foreign insurance.................................. .
Footnotes at end of table.
1973 1/
(Apr.-June 1973)
3,755,516
192,556
1,201,442
953,077
43,384
326,952
1,089,189
48,731
368,904
5,149,513
1,323,413
1,506,824
53,794
2,221,019
2,137
2,276,951
14,143
582,242
652
597,038
14,616
828,648
696
259
44
246
6
3,741,160
95,474
681,320
563,223
497,138
94,099
3,927,535
103,094
814,042
-83,2a
461,353
107,489
898,438
24,998
161,473
-186,893
25,156
24,086
935,981
25,546
207,478
-3,476
145,959
29,886
8
1
231
1972 1/
1973 1/
3,515,487
177,273
1,107,722
4,800,482
3,760,915
181,223'
1,167,863
5,110,001
54,775
2,149,527
2,282
2,206,585
54,173
2,151,158
1,942
2,207,273
68
Manufacturers1 excise taxes:
3,547,678
Gasoline 5/..........................................
Lubricating oil, etc..................................
88,185
Tires, tubes, and tread rubber £/.....................
593,377
1,695,112
Passenger automobiles, chassis, bodies, etc. 6/........
625,290
Trucks and buses, chassis, bodies, etc. 5/ £/7.........
84,078
Parts and accessories for automobiles, trucks, etc. 7/..
Radio and television sets, phonographs, components, etc.
129
§/........................................... ......
-10
Refrigerators, freezers, air-conditioners, etc. 2/.....
Electric, gas, and oil appliances 8/..................
-7
7,220
Pistols and revolvers.................................
1
Phonograph records 8/.................................
-30
Musical instruments 8/..................... ..........
*
Sporting goods (other than fishing rods, creels, etc.) &/}
Fishing rods, creels, etc.............................
14,303
-12
Business and store machines 8/........................
Electric light bulbs and tubes 10/....................
*
Firearms (other than pistols and revolvers) 11/...... .
>
29,484
Shells and cartridges 11/.............................
Mechanical pencils, pens, and lighters 8/.............
r
' 1
•
*
Matches,8/...........................................
Total manufacturers’excise taxes.....................
1 6,684,799
Retailers1 excise taxes:
Furs 8/............ ............... ..................
Jewelry, etc. 8/......................................
Luggage, etc. 8 / .... .................................
Toilet preparations 8/................................
Noncommercial aviation gasoline 12A .................
.Noncommercial aviation fuel other than gasoline 13/ ....
Diesel and special motor fuels 2/ 2&/»............... .
Total retailers' excise taxes.........................
1972 1/
(Apr.-June 1972)
1971 1/
-
-41
7,563
-37
-25
-2
13,023
-
8,332
-5
-
-
1,556
-37
-
843,959
1
231
2,311
-5
-
-17
35,771
*
15,539
-66
1
41,468
5,728,657
-24
5,395,750
154
*
-69
4,753
,
10,918
j * 266,388
1
282,144
*
6
8,838
19,381
298,608
326,833
4
9
26
*
10,246
23,613
334,473
368,372
2,074
4,926
78,539
85,546
-21
83
22
1,624,533
-18
-81
-37
1,650,499
-120
-29
-60
1,855,228
12
-72
-13
401,030
512,390
423,082
21,585
25,713
*•
113,556
515,269
29,455
42,271
_
115,752
599,167
37,214
44,548
133,390
7,866
11,212
_
_
33,530
138,074
10,163
10,909
_
_
30,937
-
-n
|
-
-
4,758
_
_
6,151
_
-
10,288
963,823
10,424
1,360,489
7
-
2
9
26
*
2,145
6,949
84,073
93,204
-
1
-18
4
1,853
466
2
113,616
/
257
123
46
20
15,183
369
4,572
17,720
19
14,847
348
4,315
20,375
2
7,286
376
5,553
19,293
14
680
66
1,079
4,005
*
1,156
152
1,751
3,971
145,058
157,279
188,517
31,347
57,581
2
122
60,118
9,579
4
161
71,885
15,725
12
179
68,965
14,650
2
69
32,320
4,540
2
84
14,507
3,963
(Continued on following page)
November 1973
15
.FEDERAL FISCAL OPERATIONS.
Table FFO-9. - Detail of Excise Tax Receipts - (Continued)
(In thousands of dollars)
Fiscal Year
Fourth Quarter of Fiscal Year
'type of Tax
1971 1/
Miscellaneous excise taxes - (continued):
Private foundations:
Net investment income 26/.........................
Self dealing 27/..................................
Failure to file certain information returns 3 0 / ....
Assessable penalties with respect to annual reports 3l/
Failure to distribute income 3 2 / ................. (
Investments which jeopardize charitable purposes 33/
Total received with returns and from sales of stamps....
1973 1/
1972 1/
24,589
8
27
1
-
56,045
45
51
7
*
_
_
-
—
2,487,773
16,461,851
410,000
16,871,851
Source: Internal Revenue Service reports. The figures shown include
collections for credit to special accounts for certain island
possessions. Floor stocks taxes are included with the related
classes of tax.
1/ Negative figures stem primarily from floor stock credits taken on
certain of the taxes repealed by the Excise Tax Reduction Act of
1965 and the Revenue Act of 1971.
2/ Release showing details are published quarterly.
2/ Chewing, smoking tobacco, and snuff, repealed effective Januaiy 1,
1966, (Public Law 89-44).
y
Issues and transfers of stock and bonds, repealed effective
January 1, 1966, (Public Law 89-44). Tax on foreign insurance
payable by return on and after January 1, 1966, (Public Law 89-44
and T.D. 6868); Tax on transfer of interest in silver bullion,
repealed effective June 3, 1963, (Public Law 88-36); and Playing
cards repealed effective June 22, 1965, (Public Law 89-44).
5/ Collections reflect the provisions of the Highway Revenue Act of
1956, approved June 29, 1956' (23 U.S.C. 120 note).
6/ Taxes on passenger automobiles and light trucks repealed December
11, 1971 under the Revenue Act of 1971.
2/ Automobile parts and accessories (except truck parts), repealed
effective January 1, 1966, (Public Law 89-44).
8/ Repealed effective June 22, 1965, (Public Law 89-44).
2/ Air conditioners, repealed effective May 15, 1965. Refrigerators
and freezers, repealed effective June 22, 1965, (Public Law
89-44).
10/ Sales of light bulbs for incorporation in articles upon which the
manufacturer's t,ax was repealed effective June 22, 1965 (e.g.
refrigerators), will be free of tax and after such date. Tax on
all other light bulbs and tubes, repealed effective Januaiy 1,
1966, (Public Law 89-44).
11/ Firearms and shells and cartridges'previously1reported as combined
item.
12/ Under the Airport and Airway Revenue Act of 1970, effective July
1, 1970, rate 3 cents per gallon.
U/
Under the Airport and Airway Revenue Act of 1970, effective July
—
2,694,682
16,067,705
779,330
16,847,036
14/
15/
16/
17/
W
19/
20/
21/
22/
22/
24/
25/
26/
27/
28/
29/
30/
31/
32/
33/
*
1972 1/
(Apr.-June 1972)
-
32,927
26
5
2
-
16,232,137
340,181
16,572,318
694,159
3,664,224
360,203
4,024,428
76,617
78
13
1
34
94
16
3,041,507
-
„
1973 1/
(Apr.-June 1973)
52,711
38
2
1
25
-
77
8
838,537
4,643,019
-334,948
4,308,071
1, 1970, rate 7 cents per gallon.
Excludes diesel fuel not for use in highway vehicles.
Repealed effective noon December 31, 1965, (Public Law 89-44).
Repealed effective Januaiy 1, 1966, (Public Law 89-44).
Rate of 9 percent effective Januaiy 1, 1973 (Public Law
91-614).
Under the Airport and Airway Revenue Act of 1970, ^effective July
1, 1970, rate increased from 5 to 8 percent on domestic airline
passenger fares.
/
Under the Airport and Airway Revenue Act of 1970, effective July
1, 1970, rate 5 percent.
Under the Airport and Airway Revenue Act of 1970, effective July
1, 1970, tax of $3.00 per person.
Pepealed effective July 1, 1965 (Public Law 89-44).
Repealed effective August 31, 1963.
Fepealed effective May 1, 1971 (Public Law 91-513).
$25 per year with an additional 2 cents per pound on nonturbine
engine powered over 2,500 pounds, or
cents per pound on turbine
engine powered.
Extended to June 30, 1974 by Public Law 93-13.
4 percent.
Disqualified persons, 5 percent, foundation managers (if
applicable) lesser of $10,000 or 2j percent of the amount involved.
5 percent.
Foundation 10 percent, foundation managers (if applicable) lesser
of $5,000 or 2j percent of the amount involved.
Penally of $10 per day, not to exceed $5,000.
$110 per day, up to a maximum of $5,000.
Nonoperating foundations failing to distribute income in year
received or following year taxed 15$ (100$ after 90 days if
not corrected) Code Sec. 4942.
An initial tax of 5$ imposed on investment which jeopardizes
foundation's exempt purpose (Code Sec. 4944), % (not to
exceed $5,000) on managers (if applicable) or second level
tax of 25$ (5$ on managers) if jeopardy situation continues.
Less than $500.
26
Treasury Bulletin
FRTYRRAT. FISCAL OPF.RATTONS
Table FFO-IO. - Accountability of the Treasurer of the United States
on an Accounting Basis as of June 30
(In millions of dollars)
Fiscal year
1960.................................
1961.................................
1962.................................
1963.................................
1964.................................
1965.................................
1966.................................
1967.................................
1968.................................
1969.................................
1970.................................
1971.................................
1972.................................
T973.................................
Account of Treasurer
of the United States
as published in the
daily Treasury state
ments
8,005
Transactions
in transit
'Total
8,156
6,771
10,504
12,380
11,116
12,710
12,450
9,911
151
76
74
264
80
100
42
120
91
441
275
206
11,310
13,741
476
112
11,785
6,694
10,430
12,116
11,036
12,610
12,407
7,759
6,694
7,104
9,016
Note: Transactions reported in the daily Treasury statement are on a
clearance date basis. Those transactions in transit at year end
7,879
6,785
7,544
9,291
10,117
13,854
are included in the statements of the following fiscal year.
November 1973
17
PFTW.RAT. ORT.TOATTOMS
lfObligations”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 the four key
events— order, delivery, payment, consumption— which charac
terize the acquisition and use of resources. In general, they
consist of orders placed, contracts awarded, services received,
and similar transactions requiring the disbursement of money.
The obligational stage of Government transactions is a
strategic point in gauging the impact of the Government’
s
operations on the national economy, since it frequently repre
sents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor. Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the private
economy.
Obligations are classified according to a uniform set
of categories which are based upon the nature of the trans
action without regard to its ultimate purpose. All payments
for salaries and wages, for example, are reported a§personnel
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 records reimbursements.
In
Table FO-1* obligations that are incurred within the Govern
ment are distinguished from those incurred outside the Govern
ment. Tables FO-2, 3, and 4 show only those incurred Outside.
Obligation data for the administrative budget fund
accounts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published
in the October 1967 Bulletin. Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President’
s
Commission on Budget Concepts.
18
Treasury Bulletin
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, August 31, 1973
(in millions of dollars)
Gross obligations incurred
Object class
Outside
Within
Total
Personal services and benefits
Personnel compensation.............
Personnel benefits.................
Benefits for former personnel.......
7,189
376
953
Contractual services and supplies
Travel and transportation of persons.
Transportation of things...........
Rent, communications, and utilities..
Printing and reproduction..........
Other services.....................
Supplies and materials.............
280
291
402
98
5,232
3,661
83
231
223
62
2,106
1,264
363
523
625
160
7,338
4,925
Acquisition of capital assets
Equipment..........................
Lands and structures...............
Investments and loans..............
1,691
545
381
60
31
2,073
605
1,030
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities....
Interest and dividends.............
Refunds..........-.... .............
7,695
13,437
3,497
99
342
8,037
13,437
5,015
99
Other
Undistributed U.S. obligations.....
Obligations incurred abroad........
Unvouchered....................... .
-3,011
1,255
____ 13.
145
189
__ 3
-2,867
1,444
16
Gross obligations incurred 1/.........
44.703
7.392
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget ^presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
7,189
1,130
953
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)............
Deduct:
Advances, reimbursements, other income, etc....
Offsetting receipts...........................
Net obligations incurred......................
$52,095
10,982
12,008
29,105
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, August 31, 1973
_______________________________________________(in millions of dollars)______________________________________________
Major object class
Major function
National defense.................... .
Personal
services
and
benefits
Contractual
services and
supplies
Equipment
and
structures
Investments
and loans
6,110
7,340
1,577
185
-
1
6
Acquisition of capital assets
Grants
and,
fixed
charges
Other
Total
53
1,154
16,419
95
97
92
481
-
*
-
529
70
125
*
90
422
11
Agriculture and rural development....
118
169
1
*
286
1,942
-2,287
228
Natural resources...................
362
451
35
175
2
551
1
1,577
Commerce and transportation..........
423
157
16
14
221
1,303
-718
1,416
Community development and housing....
51
33
*
127
272
337
1
821
92
83
2
5
2
1,091
1,276
Health..............................
56
295
1
2
*
2,712
*
*
Income security.....................
251
330
1
1
-
9,789
-
10,371
386
133
24
8
122
1,655
' 13
2,340
International affairs and finance....
Interest............................
Total..............................
*
Less than $500,000.
3,066
-
-
-
-
-
3,411
-
3,411
509
430
22
21
_
1,786
1
2.768
8,518
9,964
1,691
545
999
24.727
-1.743
....44,70?
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, August 31, 1973
(In millions of dollars)
Personal services & benefits
Classification
Benefits
Personnel Personnel for
compen benefits former
sation
y
personnel
40
Executive Office of the President....
Funds appropriated to the President:
International security assistance..
International development assistance
,
5
Travel and
Rent, com Printing
Transpor
trans
munications, and
tation
of
repro
portation
and
duction
of persons things
utilities
Other
ser
vices
Sup
plies
and
mate
rials
Acquisition of
capital assets
Lands
Equip and
struc
ment
tures
*
*
1
2
64
.
*
*
*
*
l
14
7
Re] orts no- receiv id
*
*
*
-
Grants and fixed charges
Divest
ments
and
loans
-
Grants,
subsidies,
and con
tributions
*
-
*
-
*
-
130
_
_
_
„
6
_
_
_
1
27
4
_
#
-
227
_
-
.
*
*
1
1
1
*
*
*
1
*
*
*
*
1
2
1
*
88
*
1
*
*
-
95
-
1
*
35
*
-
-
11
-
2
1
-
*
*
*
9
3
14
4
*
*
6
3
1
3
10
127
28
*
5
4
8
*
169
116
1,809
676
1
55
5
*
6
-
4
*
-2,330
40
-
3
191
174
75
65
62
4
*
44
80
102
7
*
51
59
81
*
-
l
l
*
*
7
9
l
*
3
11
-
4
5
5
-
16
15
2
2
_
*
*
_*
2
«
*
_
10,177
6
228
76
26
12
3
684
1,254
1,469
90
2
387
63
887
761
491
1,001
Department of the Air Force.....
2
*
Civil...........................
Health, Education, and Welfare
Housing and Urban Development
Department:
Government National Mortgage
Association...................
Other.........................
Interior Department................
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing..........
Other...........................
National Aeronautics and Space
Administration....................
Veterans Administration............
Other independent agencies:
Small Business Administration.....
Total....................
2
-
1
2
1
809
-
4,895
365
812
194
232
254
2
14
5
1
. . 21
3,499
798
*
2,833
1,557
43
65
34
1
143
84
_
*
4
1
2
*
30
15
8
132
>
214
-
3
.12
2
15
*
296
10
2
3
1
41
155
120
36
39
251
-
*
*
*
91
14
*
6
7
1
4
10
*
1
1
*
3
4
«
6
5
1
1
13
*
*
*
*
*
*
26
*
37
9
1
*
'5
2
*
*
11
127
35
4
*
*
4
144
129
2
-
1,168
236
24
8
75
-
-
1
1
*
8
1
-1
*
66
-
-
-
-
*
*
9
l
*
1
5
*
*
*
1,492
31
*
285
*
4
300
-
*
*
«
89
-
1
-
3
6
1
1
9
9
122
*
419
*
1,236
*
13
1
-
*
1,331
-
5
255
1,607
161
9
-
8
75
7
5
14
51
11
-
1
19
599
-
-
12
288
10
115
27
328
93
*
*
4
1
•
652
6
*
l
87
5
*
*
122
2
18
*
12
*
41
*
17
1
-
399
46
9
70
11
23
6
8
*
2
*
3
14
304
*
267
*
20
1
3
220
5^5
999
7,695
13,437
-
-
382
-
12
53
J03
-
*
-
32
1
1
3
4
*
*
3
1
377
953
280
291
402
98
5,232
3,661
1,691
1,091
-
*
*
3
*
93
*
39
*
*
*
4
*
*
10
21
555
_
_
83
3
*
-
“
*
-
-
-
-
“
-
-
106
-
-
1,092
-
*
3
93
40
*
4
*
10
21
661
-
86
7,189
Off-budget Federal agencies: j/
1
Rural Electrification Administration
revolving funds...............
50
Total Off-budget Federal
Source: Reports on Obligations, Standard Forms 225, from agencies.
Note: Agency shifts are shown in this table beginning with the period of such shifts. Hie amounts for the com
plete fiscal year are adjusted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government except
12
«
“
52
-200
1,164
681
103
364
3
1,152
*
*
1
3,465
4,922
5,636
1,967
11
16,004
_
_
_
279
-
*
-
-
11,340
2
34
*
-
3,
«
44
-
*
-
-
-
-725
-
*
-
-
-
-
-
-
•
-
-
3,374
38
.
2
1'
19
12
Defense Department:
Military:
1,414
l,7H
Total
gross
Obliga Unobliga
tions in vouch- tions
curred
ered
incurred
abroad
-
_
_
Other
Insurance interest
Undistrib
claims
Refunds uted U.S.
and
and indem dividends
obliga
nities
tions
1
13
7
Agrieulture Department:
Commerce Department................
Contractual services and supplies
-
-
-
174
183
611
477
184
1,114
206
829
3,37^
38
1,492
306
385
294
388
*
-
-
13
-
-
529
2,334
-2
^5
1
11
-
238
404
2,123
3,497
99
-3,011
1,255
13
44,703
22
2
_
-
.
_
661
1,265
-
-
27
14
“
24
*
-
-
-
-
-
-
106
-
2,033
for the Department of Defense and Transportation Department, U.S. Coast Guard.
2/ Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
2/ Export-Import Bank since August 17, 1971, rural electrification and telephone revolving fund and Rural Tel
ephone Bank since May 12, 1973, and Postal Service since July 1, 1973*
* Less than $500,000.
Table FO-4. - Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Months
(in millions of dollars)
Fiscal year 1973
Aug.
Object Class
National.defense:
Personal services and benefits:
Personnel compensation..............
Personnel benefits..................
Benefits for former personnel.......
Contractual services and supplies:
Travel and transportation of persons..
Transportation of things............
Rent, Coiflmunications, 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:
Sept.
Fiscal Year 1974
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June p
July
Aug.
Comparable
3umulative period
to date
FT 1973
2,646
217
325
1,779
228
325
2,257
231
102
2,158
229
730
1,932
226
361
2,397
218
365
2,055
224
365
2,170
370
-370
2,195
217
371
2,120
243
375
2,094
233
386
2,523
257
385
2,407
111
427
4,930
368
813
5,064
491
650
110
131
128
10
1,733
1,271
71
125
65
7
1,163
1,052
98
80
90
9
1,362
1,056
57
124
165
11
2,139
1,053
69
96
103
7
1,125
1,058
83
78
99
5
868
891
94
86
122
9
1,588
915
39
54
134
9
1,096
1,371
99
161
63
6
1,027
841
80
68
105
10
892
973
86
100
85
8
1,650
1,402
104
119
137
10
2,169
1,366
91
115
117
11
1,632
1,467
196
234
254
22
3,801
2,834
199
232
253
20
3,747
2,185
1,137
97
1
1,051
47
*
1,224
122
*
970
203
2
1,062
107
1
1,014
145
*
1,451
137
*
834
178
1
144
664
823
123
*
1,292
226
*
727
99
-
850
85
-
1,577
185
-
2,001
251
1
6
2
5
4
6
3
8
10
20
7
6
2
1
11
7
1
4
6
7
4
2
6
8
22
2
6
6
9
2
11
5
4
2
7
11
3
2
7
2
1
3
3
11
45
2
6
6
9
10
16
15
13
9
10
10
9
Obligations incurred abroad......
Unvouchered........................
1
532
*
-1
506
*
-1
492
-
-*
519
*
*
526
*
*
531
*
2
546
*
1
537
-
2
617
*
*
542
-*
1
574
-
-*
583
*
-*
571
*
-•*
1,15£
-1
1,069
*
Total national defense.............
8,354
6,446
7,158
8,378
6,693
6,732
7,618
7,185
6,430
6,366
8,195
8,510
7,909
16,419
16,200
1,702
5
8
1,470
4
139
1,646
4
36
1,578
4
65
1,644
4
11
1,607
4
35
1,572
4
42
2,257
5
48
1,670
4
75
1,712
5
39
1,626
4
1,006
1,lllr
4
124 r
1,147
4
2,258
9
141
3,199
10
700
45
143
105
18
542
386
44
68
86
23
567
355
54
96
100
10
859
276
48
86
72
16
711
340
37
103
106
19
584
357
56
108
104
23
953
523
30
79
60
16
396
222
42
157
111
18
861
697
44
95
107
21
1,185
413
48
81
94
18
1,063
261
57
86
62
26
1,255
245
42r
33r
79
53
693r
535r
42
25
70
23
738
292
84
148
76
1,431
827
89
211
181
70
1,253
865
89
216
1,520
99
298
1,506
27
388
1,364
78
403
3,026
127
234
2,107
111
314
1,065
263
300
734
159
314
786
133
1,121
1,274
127
265
831
168
y 2,230
2,725
61
209r
554
53
151
445
114
361
999
144
413
2,481
2,361
5,816
1,455
100
5,941
7,516
1,453
109
2,390
4,990
1,439
42
2,976
6,526
1,478
142
7,797
6,567
1,513
150
5,629
6,582
1,623
41
3,267
6,701
1,540
27
3,136
7,101
1,667
94
6,578
7,085
1,612
74
2,702
6,654
1,589
27
9,969
7,045
1,643
276
6,108r
6,358
1,734
42
1,577
7,064
1,749
43
7,685
13,421
3,482
86
7,489
11,481
2,875
161
-485
62
*
211
14,088
-48
L2
17
19,688
6
13,992
-104
71
6
17,522
-268
68
6
21,168
72
55
- 7
18,913
136
123
3
15,516
3,940
46
6
21,445
-1,295
46
4
20,246
273
80
5
15,872
-172
133
7
28,392
-2,843r
46
6
I4,948r
-167
55
7
13,336
-3,011
101
13
28,284
-2,854
103
*
28,874
22,442
26,134
21,150'
25,900
27,861
25,645
23,133
28,630
26,676
22,238
36,589
23,458r
21,245
44,703
45,074
Non-defense:
Personal services and benefits:
Personnel compensation..............
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 canital assets:
Lands and structures................
Investments and loans...............
Grants and fixed charges:
Grants, subsidies, and contributions..
Insurance claims and indemnities.....
Other:
Less than $500,OCX).
Preliminary
Revised.
.
,
7
10
9 '
3
16
58
Si
&
8*
21
November 1973
ACCOUNT OF THE TREASURER OP T H E UNITED STATES.
Source and A vailability o f the Balance in the T reasurer’ s Account
The working cash of the Treasury is held mainly in
Treasurer's accounts with Federal Reserve banks and branches.
Treasury, banks are permitted to deposit in these accounts
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
loan accounts with thousands of commercial banks throughout
The tax and loan account system permits the Treasury to
the country.
Deposits to tax and loan accounts occur in the normal
leave funds in banks and in the communities in which they arise
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
banks whereby customers of banks deposit with them tax pay
tions. In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government securities.
economy.
A detailed description of the Treasury's depositary system
In most cases the transaction involves merely the transfer of
money from a customer's account to the tax and loan account in
the same bank. On occasions, to the extent authorized by the
may be found in the Annual Report of the Secretary of the
Treasury for 1955, pages 275-284.
Table TUS-1. - Status of the Account of the Treasurer of the United States
1 Funds in process
of collection
through:
Treasury operating balance 1/
End of
fiscal year
or month
Available funds in
demand accounts at:
Special
Federal depositaries,
Reserve Treasury Tax
Banks
and Loan
Accounts
1964.................
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1971-Dec.............
939
672
766
1,311
1,074
1,258
1,005
1,274
2*,344
4,038
2,020
9,180
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
9,173
1972-Oct.............
Nov............
Dec............
1973-Jan............
Feb............
Mar............
Apr............
May............
June...........
1,613
1,182
1,856
2,749
2,073
2,882
4,162
3,242
4,038
6,051
6,786
8,907
8,317
9,401
9,744
9,683
4,679
8,433
4,203
2,217
6 582
3,781
Aug...........
Sept...........
Oct............
2,867
847 |
1,626
1,839
Other
deposi
taries 2/
Total
Federal
Reserve
Banks
-
10,238
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
11,306
234
233
370
577
352
393
355
419
252
243
244
309
310
310
310
310
309
311
311
106
108
a
71
71
7,973
8,278
11,073
11,376
11,784
12,936
14,156
8,232
12,576
7,178
3,072
8,279
5,691
205
181
121
-
139
106
393
147
139
476
145
243
151
141
271
185
Source: Daily Treasury statement.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have
been converted from a time deposit to a demand deposit basis to
permit greater flexibility in Treasury cash management.
Time deposits
and other
depositary
accounts
Coin,
currency,
and coinage
metal
145
534
775
1,159
768
553
277
441
471
586
424
58
55
93
62
86
104
121
108
129
70
126
126
-
3&)
320
252
266
190
158
218
187
54
41
229
108
102
112
111
112
111
109
107
107
113
11,036
12,610
12,407
7,759
6,694
7,104
9,016
9,911
11,310
13,741
12,329
120
87
104
137
104
105
194
110
117
64
61
210
69
29
37
17
40
48
42
25
a
55
28
.19
23
48
478
447
570
597
613
631
644
619
586
542
549
578
582
112
92
90
86
76
139
77
106
70
67
57
67
65
107
107
107
107
107
107
107
107
107
107
107
107
107
9,042
9,220
12,102
12,712
12,870
14,104
15,695
9,343
13,741
8,164
4,015
9,532
6,722
Other
deposi
taries 2/
_
_
-
179
117
Miscel
laneous'
items
Gold
Balance
A/
Balance in
account of
Treasurer
of the
United
States
2/ Represents funds in process of collection by (a) the Treasurer, U.S.
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
Miscellaneous items column.
ij The free gold balance can be readily converted to available funds with
Federal Reserve banks.
Treasury Bulletin
___ ACCOUNT OF THE TREASU RER OF THE UNITED STATES___________________________
Table TUS-2. - Analysis of Changes in Tax and Loan Account Balances
(1*1
:
Pf-flQllaEfil
Credits
1
Proceeds from sales of securities lj
Fiscal year
or month
1964............
1965............
1966............
1967............
1969............
1970............
1971............
1972............
1973...........
Savings
bonds
and
1 savings
1 notes 2/
2,760
2,635
2,704
2,783
2,673
2,599
2,573
2,844
3,309
3,261
Retire
ment
plan and
tax and
loss
bonds 2/
2
1
1
Tax
antici
pation
securities
5
4
5
5
5
9
2,340
7,368
7,643
9,538
10,408
13,043
6,954
6,443
4,413
-
1972-Oct.........
Nov........
Dec........
1973-Jan........
Feb........
Mar........
Apr........
May........
June....^...
250
236
236
-
1,972
2,441
343
320
283
292
291
268.
4.
2
2
-
-
July.......
Aug........
Sept.......
Oct........
250
239
200
214
_
-
-
-
-
-
_
—
997
Balance
Taxes
Other
2,014
1,627
1,173
9,576
'5,417
3,640
12,421
9,369
6,158
Withheld,
excise,
and cor
poration A/
43,580
42,475
48,478
70,524
90,791
123,906
132,460
131,121
145,797
171,828
1,988
2,106
2,047
17 6, ’
_
-
817
11,003
11,445
15,709
12,703
13,153
17,417
16,969
14,526
19,871
13,905
14,322
17,024
13,570
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports,
l/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1963.
4/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
During period
Income (by
special
arrange
ment) j>/
9,921
12,598
14,522
9,257
-
-
—
-
-
_
Total
Credits
With
drawals
End of
period
High
Low
Average
58,277
59,421
60,050
58,540
75,338
74,699
91,382 . 97,160
112,583
112,741
141,921
142,333
151,721
149,317
152,900
153,346
164,920
164,645
185,669
184,874
9,180
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
10,257
10,872.
11,274
9,97°
8,004
9,720
7,990
8,532
10,251
10,854
1,577
1,844
447
710
1,029
709
894
1,737
800
4,747
5,431
4,324
3,775
4,191
4,329
4,022
5,146
5,648
5,644
15,297 • 6,051
15,020
6,786
18,315
8,907
13,654 1 8,317
12,386
9,401
17,361
9,744
17,328
9,683
19,817
4,679
16,389
8,433
18,377
4,203
17,551
2,217
6,582
12,856
3,781
17,403
7,969
6,786
8,907
8,760
10,854
10,254
9,683
1 9,541
8,694
8,299
4,248
6,582
6,020
2,995
2,763
1,468
3,190
5,373
5,768
1,876
3,904
1,368
2,573
1,622
545
2,615
5,315
4,691
5,213
6,190
7,768
8,241
5,921
6,718
4,389
4,570
2,254
2,929
4,123
13,241
15,759
20,433
13,063
13,473
17,704
17,263
14,817
20,141
14,155
15,558
17,224
14,601
846
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 15, 1968;
and FUTA. taxes beginning April 1970.
5/ Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments,or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
6/ Represents a corrected classification of a December 1972 transaction.
November 1973
23
.ACCOUNT OF THE TREASURER OF TH E UNITED STATES.
Table TUS-3. - Summary of Cash Transactions through the Account
o f the Treasurer o f the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1972-0ct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Fiscal 1974 to date.
Clearing
accounts
Excess of deposits, 2/
or withdrawals (-)
Total net
transactions
Cash
deposits
Cash with
drawals 1/
121,562
125,464
141,095
163,036
165,086
201,735
209,924
205,961
228,285
253,207
124,047
126,395
142,191
164,591
184,581
201,491
223,648
229,353
244,880
276,736
-2,485
-931
-1,095
-1,555
-19,495
243
-13,723
-23,393
-16,594
-23,529
-1,491
-584
-1,075
654
-2,095
-1,928
1,556
1,822
-5,632
2,365
-3,975
-1,515
-2,171
-901
-21,590
-1,684
-12,167
-21,571
-22,226
-21,164
17,550
17,743
21,161
20,893
22,664
21,960
24,127
23,697
24,170
24,759
24,145
23,701
25,575
28,051
22,795
26,411
-3,343
-4,921
-799
-1,233
-42
-436
-1,074
-364
3,775
-174
,-2,537
2,233
-2,689
1,442
-164
-951
-4,577
-4,963
-1,235
-1,159
-4,180
-2,019
1,829
-5,829
6,149
-6,722
-4,195
3,047
-6,597
24,042
19,881
18,376
26,762
20,852
27,617
21,542
22,414
26,007
20,765
-84
-3,816
-5,794
2,003
-3,292
3,916
-4,033
-5,637
3,212
-5,646
102,832
90,727
-12,& 5
Source:
Daily Treasury statement. Figures in the first four columns
may differ somewhat from those originally published in the daily
Treasury statement because of subsequent reclassification of certain
transactions.
1/ Beginning with the February 1963 Bulletin, figures have been
Plus: Net cash borrow
ing, or repayment of
borrowing (-)
2,895
3,089
1,968
-3,747
20,525
2,094
14,079
22,466
23,625
23,596
2,728
5,140
4,117
1,769
4,338
3,253
-238
-523
-1,751
1,145
46
2,469
3,786
Equals: Treasurer1s
account balance, in
crease, or decrease (-)
-1,080
1,575
-2P3
-4,648
-1,065
409
1,912
895
1,399
2,432
-1,849
178
2,882
610
158
1,234
1,591
-6,352
4,398
-5,577
-4,149
5,517
-2,811
-2,362
- 14,466
7,447
revised, as shown in the daily Treasury statements beginning January
2 , 1963, to exclude transactions of clearing accounts.
2/ Previously included under cash withdrawals. See footnote 1.
Table TUS-4. - Gold Assets and Liabilities o f the Treasury
(In millions of’
dollars)
End of calendar year or month
1967............................................................
1971............................................................
1972-Oct........................................................
Dec........................................................
1973-Jan........................................................
Feb............................. ..........................
July.......................................................
Gold assets 1/
Gold liabilities 2/
15,388
13,733 2/
13,159
11,982
10,367
10,367
10,732
15,231
10,132
10,410 4 /
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
11,567
Source:
Circulation Statement of United States Money through 1965;
daily Treasury statement thereafter,
l/ Treasury gold stock which excludes gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from
September 19, 1965 through February 15, 1972; redemption fund for
Federal Reserve notes until March 18, 1968 when it was combined with
the gold certificate fund pursuant to P.L. 90-269, approved March 18,
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
10,303
11,460
Balance of gold in
Treasurer's account
157
107
118
112
111
112
109
113
107
107
107
107
107
107.
107
107
107
107
107
107
107
107
107
1968; and gold reserve against U.S. notes until March 18, 1968 when
it was transferred to the public debt also pursuant to P.L. 90-269.
2/ The United States payment of the $259 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965 (70 Stat. 119) was made on June
30, 1965.
y
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they revalued at $38 pursuant to the Par Value Modification Act,
P.L. 92-268, approved March 31, 1972. The increment amounted to $822
million.
24
Treasury Bulletin
.MONETARY STATISTICS,
Table MS-1. - Money in Circulation
(In millions of dollars except per capita figures)
Currencies presently
being issued l/
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Gold
certifi
cates 2/
19
13
4
4
4
4
4
4
4
4
4
1964............................
1965............................
1966............................
1967............................
1968............................
1969................ :..........
1970............................
1971............................
1972............................
1973............................
1971-Dec........’
...............
73
68 ‘
64
61
59
57
55
54
53
52
'
53
36
22
21
21
21
20
20
20
20
20
20
1972-Sept.......................
Oct........................
52
52
52
52
52
52
52
52
52
52
51
51
51
20
20
20
20
20
20
20
20 '
20
20
20
20'
20
1973-Jan........................
Feb........................
May........................
July.......................
4
4
4
4
4
4
4
4
4
4
4
4
4
Silver
certifi
cates
1,723
829
582
395
225
223
220
218
215
213
216
215
215
214
214
214
214
214
214 ,
214
*213
213
213
213
Federal
Reserve
notes 2/
18
4
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Coin
End of
fiscal year
or month
Dollars
Treasury
notes of
' 1890
*
*
United
States
notes
Federal
Reserve
notes lj
Total
currencies
*
321
302
303
300
299
294
297
321
320
320
321
32,338
34,820
37,315
39,289
41,722
44,547
47,626
51,304
54,572
59,664
53,678
34,529
36,058 ,
38,290
40,071
42,331
45,146
48,223
51,922
55,184
60,273
54,293
•*
*
*
*
*
*
*
*
*
*
*
*
*
320
320
320
320
320
320
320
319
320
320
320
320
320
54,871
55,802
57,289
58,619
56,428
56,796
57,251
58,102
59,106
59,664
60,072
60,189
60,011
55,483
56,413
57,899
59,229
57,038
57,405
57,860
58,711
59,715
60,273
60,681
60,798
60,620
*•
*
*
*
*
*
*
*
Fractional
coin
Total
Total
money in
circula
tion 5/
Money in
circulation
per capita
(in dollars) 6/
1964...........................
1965...........................
1966...........................
1967...........................
1968...........................
1969.......... ................
1970...........................
1971...........................
1972...........................
1973...........................
1971-Dec.......................
482
482
482
482
482
482
482
482
633
705
566
2,723
3,180
3,782
4,160
4,827
5,308
5,646
5,990
6,383
6,793
6,209
3,205
3,662
4,264
4,641
5,309
5,790
6,128
6,472
7,016
7,498
6,775
37,734
39,720
42,554
44,712
47,640
50,936
54,351
58,393
62,201
67,771
61,068
196.41
204.14
216.10
224.55
236.82
250.65
265.39
282.03
297.84
322.08
293.48
1972-Sept......................
Oct.......................
'649
656
665
671
675
681
685
693
700
705
710
714
718
6,467
6,516
6,573
6,615
6,599
6,610
6; 635
6,689
6,746
6,793
6,832
6,863
6,879
7,116
7,172
7,237
7,287
7,274
7,291
7,320
7,382
7,446
7,498
7,542
7,577
7,597
62,599
63,586
65,137
66,516
64,312
64,696
65,180
66,094
67,161
67,771
299.10
303.60
310.80
317.18
306.51
308.21
310.33
314.50
319.38
322.10
324.03
324.53
323.54
1973-Jan.......................
Feb.......................
May.......................
July......................
Aug.......................
Sept......................
Source: Circulation Statement of United States Money through December 1965,
thereafter, Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not /appear in circulation.
Z/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
68,223
68,376 2/
68,217
U
Issued on and after July 1, 1929.
5/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
2/ Highest amount to date.
* Less than $500,000.
November 1973
25
FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
(in millions of dollars)
Securities held by:
Total outstanding
End of
fiscal year
or month
Total
196 4
196 5
196 6
196 7
1963.....
196 9
197 0
197 1
197 2
197 3
1971-Dec.,
320,344
326,609
333,254
344,676
371,978
367,969
383,428
410,292
438,154
469,251
435,177
1972-Sept.
Oct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June,
July.
Aug..
Sept.
445,405
451,429
456,110
461,068
461,855
466,617
470,412
468,148
468,380
469,251
470,121
473,263
472,898
Public
debt
securi
ties
311,713
317,274
319,907
326,221
347,578
353,720
370,919
398.130
427,260
458,142
424.131
433.946
439.947
444,247
449,298
450,068
454,838
458,606
457,063
457,338
458,142'
459,003
461,845
461,439
Agency
securi
ties
Total
11,046
59,210
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
108,463
11.459
11,483
11,863
11,770
11,787
11,779
11,806
11,084
11,041
11,109
11,118
11,419
11.459
115,771
118,944
118,327
119,088
118,356
119,255
120,045
119,939
122,141
125,381
126,964
130,669
129,740
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
Source:
Daily Treasury statement and monthly statement of receipts and
outlays of the Government (Prior to fiscal 1973, monthly statement of
receipts and expenditures of the Government).
1/ Represents non-interest bearing public debt securities issued to the
International Monetary Fund, and prior to FY 1967 to the Internation
al Development Association, and the Inter-American Development Bank
Public
debt
securities
58,598
61,071
64,316
71,809
76,138
84,815
95,170
Agency
securi
ties
3,581
3,455
3,810
3,328
2,209
825
825
825
825
825
825
611
469
468
2,010
3,001
2,846
2,553
2,251
2,100
1,996
2,275
102,888
111,460
123,385
106,188
113,548
116,709
116,125
116,897
116,210
117,127
117,992
117^902
120,123
123,385
124,992
128,688
127,776
The public 2/
IMF & Inter
national
lending or
ganizations
1/
Government accounts
825
825
825
825
825
825
825
825
825
825
825
825
825
2,224
2,235
2,201
2,190
2,145
2,128
2,122
2*037
2,018
1,996
1,972
1,981
1,964
Public
debt
securi
ties___
Agency
securi
ties
304,328
323,770
343,045
325,889
249,533
252,748
251,782
251,084
269,231
268,080
274,924
294,417
314,976
333,932
317,118
8,020
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794
9,113
8,771
328,809
331,660
336,958
341,155
319,574
322,413
327,297
331,576
342,674
346,537
333,033
336,887
339,859
338,336
336,390
333,932
333,186
?32,332
332,838
9,235
9,248
9,661
9)579
9,642
9,651
9,683
9,047
9,023
9,113
9,146
9,437
9,495
Total
257,553
261,614
264,690
267,529
290,629
279,483
284,880
345,414
343,045
342.332
341,769
342.333
in recognition of U.S. Government subscription commitments. Since
June 1965 letters of credit have been issued in lieu of the special
notes. All outstanding notes have been converted to letters of
credit with the exception of those for IMF.
2/ Includes holdings of Federal banks.
Table FD-2. Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar .amounts in millions)
Computed annual interest rate
End of
fiscal year
or month
Total
interestbearing
public
debt
Computed
annual
interest
charge
Total
interestbearing
public
debt
Marketable issues
Total
Bills
1/
Certifi
cates
1964..............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1971-Dec...........
307,357
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
10,900
11,467
12,516
12,953
15,404
17,087
20,339
20,254
21,545
26,591
3.560
3.678
3.988
4.039
4.499
4.891
5.557
5.141
5.093
5.872
3.659
3.800
4.134
4.165
4.757
5.232
5.986
5.210
5.099
6.129
3.729
4.064
4.845
4.360
5.711
6.508
7.340
4.516
4.188
6.590
422,308
21,853
5.207
5.290
4.763
-
1972-Oct..........
Nov.........
Dec.........
1973-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June.........
July.........
Aug..........
438,136
442,420
447,298
448.191
452,928
456,787
455,214
455,431
546,353
457,217
459,918
459*471
460,587
23,120
5.309
5.359
5.402
5.458
5.532
5.606
5.685
5.768
5.872
6.017
6.239
6.327
6.322
5.383
5.461
5.520
5.593
5.696
£.794
5.907
6.024
6.129
6.311
6.628
6.742
6.755
4.746
4.956
5.079
5.265
5.473
5.726
6.021
6.302
6.590
7.081
7.741
8.091
8.091
_
_
Oct..........
Footnotes at end of Table FD-8.
23,561
24,006
24,298
24,884
25,425
25,688
26,067
26,591
27,288
28,443
28,808
28,846
_
-
4.851
5.250
_
-
,
-
-
-
-
-
'
Notes
Treasury
bonds
Nonmarketable
issues 2/
Special
issues
3.854
3.842
4.321
4.764
5.294
5.668
6.420
6.519
6.312
6.412
6.367
3.471
3.642
3.655
3.686
3.681
3.722
3.762
3.759
4.018
4.393 '
3.855
3.462
3.493
3.713
3.745
3.876
3.979
4.327
4.608
4.636
5.138
3.238
3.372
3.693
3.854
4.133
4.555
5.235
5.375
5.475
5.880
4.614
5.471
6.336
6.337
6.328
4.253
4.254
4.209
4.795
4.815
4.827
5.548
5.546
5.563
6.328
6.387
6.387
6.388
6.412
6.412
6.412
6.421
6.447
6.448
4.345
4.346
4.348
4.349
4.392
4.?93
4.394
4.494
4.496
4.498
4.838
4.896
4.964
4.995
5.061
5.138
5.163
5.241
5.355
6*3t>'/
5.614
5.656
5.690
5.727
5.742
5.880
6.040
6.154
6.158
6.101
Treasury Bulletin
26
FEDERAL DEBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Public issues
End of
fiscal year
or month
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
.
1971-Dec.,
1972-0et,.
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Total
interest- Total
public
bearing
public
issues
debt
Marketable
Total
Bills
Certif
icates
Nonmarketable
Notes
344,401
351,729
369,026
396,289
425,360
456,353
422,308
260,729
264,463
264,311
266,131
284,874
284,940
292,702
313,505
335,762
354,615
336,652
206,489 50,740
208,695 53,665
209,127 54,929
210,672 58,535
226,592 64,440
226,107 68,356
232,599 76,154
245,473 86,677
257,202 94,648
262,971 100,061
262,038 97,505
67,284
52,549
1,652 50,649
5,610 49,108
71,073
78,946
93,489
104,807
113,419
117,840
438,136
442,420
447,298
448,191
452,928
456,787
455,214
455,431
456,353
457,217
459,918
459,471
460,587
342,725
347,569
351,350
353.153
357.102
360,365
358,854
357.103
354,615
354,221
353,784
354,093
355,516
260,863
265,621
269,509
271,121
269,881
269,775
267,847
265,919
262,971
262,708
262,405
262,356
264,047
97,549
117,695
119,410
121,507
3.07,357
313,113
315,431
322,286
100,666
103,870
104,901
105,008
104,991
103,163
102,953
100,061
99,860
101,780
99,762
101,577.
113,965
120,230
120,197
117.839
117.840
120,698
120,669
source: Daily Treasury statement,
l/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
2J Consists of the dollar equivalent of Treasury certificates of indebted
ness; Treasury bonds from October 1962 - April 1967; and Treasury
notes beginning November 1966 issued and payable in designated foreign
currencies.
Treasury
bonds
88,464
102,481
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
50,568
45,619
45,545
44,133
44,705
44,647
44,555
44,487
45,127
45,071
45,008
41,969
41,896
Total
Treasury
U.S.
bonds
Depos Foreign
savings invest itary series
securi
bands ment
bonds ties
1/
series
54,240
55,768
55,183
55,459
58,282
58,833
60,103
68,032
78,560
91,644
74,614
81,862
81,948
81,840
82,032
87,221
90,590
91,008
91,185
91,644
93.,513
91,378
91,737
41,801 91,469
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
54,275
3,546
3,256
2,692
2,589
2,516
2,4^9
2,387
2,347
2,310
2,275
2,320
103
59
44
45
30
28
25
23
22
19
22
56,974
57,295
57,579
57,839
58,3.63
58,471
58,776
59,133
59,418
59,652
59,764
59,836
59,953
2,306
2,306
2,305
2,301
2,292
2,291
2,290
2,277
2.275
2.275
2.275
2.275
2.275
22
22
22
22
22
22
21
20
19
17
17
16
16
Special
Foreign
issues
Currency Other
series
1/
securi
ties 2/
392
1,132
817
624
2,001
1,703
3,389
7,606
16,913
26,781
832
*1,137
957
890
1,740
2,367
1,366
1,664
2,072
1,743
14,738
2,013
1,246
85,656
19,304
19,120
1,850
1,852
1,710
1,713
1,561
1^578
1.743
1.743
1.743
i, 746
1.758
1.758
1,586
1.407
1,353
1,304
1,401
1,392
1,468
1,423
1,419
1.407
1,403
1,405
1,432
1,464
95,410
94,851
95,948'
95,038
95,826
96,422
96,360
98,327
101,738
102,996
106,134
105,378
105,071
18,921
18,756
23,792
26,760
26,755
26,594
26,781
26,420
26,159
26,420
26,175
68 46,627
141 48,650
137 51,120
97 56,155
282 59,526
564 66,790
1,656 76,323
3,389 82,784
1,322 89,598
1,407 101,738
2/ Includes Treasuiy bonds, Rural Electrification Administration series
beginning November 1961; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1973; Treasuiy bonds beginning
December 1969, State and local Government series (certificate of in
debtedness, Treasuiy notes and bonds) beginning August 1972; and U.S.
savings notes beginning May 1967 and discontinued after June 30*, 1970;
Treasuiy notes beginning December 1972.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In million of dollars)
TJlSlViI/C3L OX
fiscal year
or month
Maturity Classes
Amount
outstanding
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1971-Dec.............
203,508
206,489
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262^971
262,038
1972-Oct............
Nov............
Dec............
1973-Jan............
Feb............
Mar............
Apr............
260,863
265,621
269,509
271,121
269,881
269,775
267,847
265,919
262,971
262,708
262,405
262,356
264,047
June.... .......
July...........
Sept............
Oct.............
Within
1 year
85,294
81,424
87,637
89,136
89,648
106,407
103,910
105,530
112,772
i§ ;38
119,141
122,442
128,569
130,422
,
131,454
130,205
130,187
128,359
125,697
122,803
122,602
129,072
129,114
130,940
1-5
years
5-10
years
10 - 20
years
20 years
and over
58,026
65,453
56,198
60,933
71,424 64,470
62,770
89,615
89,074
89,004
88,223
■ 93,648
37,385
34,929
39,169
33,596
24,378
30,754
34,837
15,882
24,503
26,852
31,111
29,321
8,360
8,355
8,449
8,439
8,425
8,407
8,374
10,524
8,455
9,343
14,477
9,530
14,444
16,328
17,241
17,023
16,797
16,553
16,217
11,048
10,670
10,059
6J357
10,397
5 yrs.
5 yrs.
5 yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
11
7
2
0
8
6
3
2
4
87,762
86,464
88,564
88,572
95,422
95,425
95,392
88,222
88,223
~88,223
80,594
80,576
80,535
29,147
29,146
29,143
29,142
22,357
22.356
22.356
29,620
31,111
31,108
31,106
31,103
31,102
15,363
15,330
15,301
15,271
16,114
16,058
16,022
15,996
14,477
14,457
-15,345
15,317
15,269
6,151
6,112
6,079
6,682
5,783
5,748
5,718
6,385
6,357
6,318
6,288
' 6’
,245
6,201
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 mos.
2 mos.
1 mo.
1 mo.
1 mo.
0 mo.
0 mo.
3 mos.
2 mos.
2 mos.
3 mos.
2 mos.
1 mo.
\
Source:
Office of Debt Analysis in the Office of the Secretary.
I
Average length
1 mo.
0 mo.
4 mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
November 1973
27
.FEDERAL DEBT
Table FD-5. - Special Public Debt Issues
(In millions of dollars)
End of
fiscal year
or month
Total
Exchange
Stabilization
Fund
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1971-Dec..................
46,627
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
1,242
1,424
2,934
85,656
1972-Oct.................
Nov..................
Dec.................
1973-Jan.................
Feb.................
Mar.................
Apr.............. .
May.................
June................
July................
Aug.................
Sept................
Oct.................
95,410
94,851
95,948
95,038
95,826
96,422
96,360
98,327
101,738
102,996
106,134
105,378
105,071
End of
fiscal year
or month
292
232
560
833
722
Federal
employees’
retirement
funds (
Federal
Deposit
Insurance
Corporation
5,946
159
59
54
88
264
227
228
289
263
138
112
293
154
7,130
6,979
7,083
7,056
7,003
7,155
7,281
7,201
7,488
7,460
7,464
7,514
7,504
45
30
24
14
22
10
3
3
*
*
1
*
*
2,613
2,221
2,799
2,992
2,989
3,475
3,549
3,680
4,172
4,437
4,757
5,241
5,506
31,996
31,440
30,752
30,460
30,649
31,029
31,316
31,097
31,424
31,417
33,068
32,017
32,042
National
service life
insurance
fund
Postal
service fund
Railroad
retirement
accounts
Unemployment
trust fund
Other
1/
4,931
5,799
7,075
7,785
8,807
9,957
10,520
8,514
7,1.86
8,330
7,406
1,899
1,067
7,221
7,552
7,392
6,917
7,125
6,719
6,439
7,777
8,330
8,065
9,236
8,984
8,757
1,241
1,503
1,727
1,762
1,870
1,975
1,906
1 916
1,899
2,060
2,328
2,377
2,577
2,780
2,787
2,903
2,908
2,932
2,925
2,912
2,917
2,934
2,936
2,869
2,888
2,839
25,537
25,525
26,110
26,148
26,171
26,190
26,161
26,165
27,894
28,058
27,799
27,748
27,694
Highway
trust fund
1,903
1,563
1,150
1/376
1,891
3,042
4,435
5,713
6,697
7,488
'
1964....................
1965....................
1966....................
1967....................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
1971-D&C................
332
287
223
3
36
73
80
89
139
81
45
956
933
938
814
876
842
797
758
717
690
744
609
265
238
722
978
1,513
2,602
3,635
4,456
5,550
3,753
5,783
5,909
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
6,160
963
820
1,897
2,969
3,123
3,277
3,339
3,303
3,434
3,751
3,852
3,742
3,766
3,361
1972-0et................
Nov............ .
Dec................
1973-Jan................
Feb................
Mar................
Apr................
May................
June................
July...............
Aug................
Sept...............
Oct................
141
170
156
140
90
81
87
12
81
703
700
710
705
699
693
688
680
690
4,372
4,481
4,652
4,764
5,020
5,184
5,287
5,489
5,550
5,787
6,082
6,195
6,157
6,186
6,197
6,339
6,329
6,328
6,317
6,303
6,292
6,427
6,420
6,414
6,401
6,386
1,814
1,794
1,842
1,530
1,472
1,307
1,249
1,057
820
1,867
1,721
1,650
1,511
3,471
3,412
3,406
3,225
3,191
3,135
2,951
3,751
3,766
3,576
3,591
3,379
3,223
91 ,
13
13
52
684,
678
674
668
............ - .............
Source:
Daily Treasury statements.
1/ Consists of Federal Housing Administration fund; Employees life
insurance fund; Veterans1 special life insurance fund; Veterans’
reopened insurance fund beginning May 1965; Federal supplementary
medical insurance trust fund beginning July 1966; Servicemen’
s group
life insurance fund from August 1969 - January 1973; Employees health
Federal
old-age and
survivors
insurance
trust fund
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
2,947
2,513
Federal Savings Government
and Loan
life insurance
Insurance
fund
Corporation
Federal
Jhospital
insurance
trust fund
14,799
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
26,573
270
312
57
85
174
120
74
156
274
263
216
-
Federal home
loan banks
82
100
924
52
152
52
199
44
62
*
112
13,530
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
22,917
-
Federal
disability
insurance
trust fund
-
-
.
-
172
287
188
802
583
772
497
842
benefits fund beginning October 1970; Export-Import bank of the
United States from February 1967 - October 1968; General Services Admin
istration Participation Certificate Trust; and Washington Metropolitan
Area Transit Authority from November 1972 - March 1973; and Airport and
airway* trust fund beginning July 1973.
Less than $500,000.
Treasury Bulletin
Iranian a t .n u i R T
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies 1/
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
1964..................
1965...................
1966..................
1967..................
1968..................
Family housing
mortgages and
Homeowners
assistance
mortgages
Total
amount
outstanding
1/
1970..................
1971.................. '
1972..................
1973..................
8,631
9,335
>13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
1971-Dec..........
11,046
1,638
1972-Sept.............
Oct..............
Nov..........
Dec..............
1973- Jan............
Feb...... ........
Mar...........
Apr...............
May.............
June..... ........
July.............
Aug.............’
.
Sept.............
11,459
11,483
11,863
11,770
11,787
11,779
11,806
11,084
11,041
11,109
1,565
1,557
1,550
1,535
1,527
1,519
1,511
1,502
1,494
1,484
11,118
1,482
11,419
11,459
2,238
2,183
2,112
2,036
,
4
Housing and Urban Development Department!
[.
Federal
housing
Admini
stration
Government
National
Mortgage
Association
_
300
793
570
441
492
548
577
517
487
454
412
4,830
7,900
8,600
7,320
6,005
4,920
4,480
470
5,915
461
462
4,885
4,885
4,855
4,830
4,830
4,830
4,830
4,480
4,480
4,480
4,445
4,445
4,445
1,470
1,462
460
456
454
455
452
445
413
412
419
420
419
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1971-Dec..............
1972-Sept*............
Oct..............
NOv..............
Dec..............
1973-Jan..............
Feb..............
Mar...‘
............
Apr..............
May..............
June.............
July.............
Aug..............
United
States
Postal
Service
1
Other
Tennessee
Valley
Authority
250
250
250
250
1,'965
1,995
2,115
2,065
3
3
3
3
m
m2,135
\
3
3
3
3
3
3
3
_
-
250
250
250
250
250
250
250
250
250
2,165
2,175
2,255
2,295
2,303
2,352
525
709
Federal
Intermedi
ate credit
banks 2/
1,230
2,369
2,529
2,893
3,363
3,779
881
1,072
Federal
Home Loan
Bank Board
*
*
*
*
6
6
6
6
_
_
-
2,221
-
-
5
-
1,420
-
_
5
_
_
_
_
_
_
_
2,325
2,325
2,625
2,625
2,623
2,621
2,620
2,234
-
2,221
2,221 '
_
-
2,218
2,518
2,518
Banks for
Federal home
cooperatives lp$n banks
Source: Bureau of Accounts.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-4^8).
2/ Effective December 31, 1968, banks for cooperatives and Federal in
Federal
intermediate
credit banks
y
*
*
*’
-
_
1,385
2,164
2,571'
2,472
1,893
2,625
1,819
y
3
3
3
3
3
3
3
3
_
827
1,022
Banks for
cooperatives
2/
5
se.
5
5
_
tj
e.
?e.
yK
5
_
5
9
-
"
..... ,9
xMemorandum - Interest-bearing
securities of non-Government agencies 4/
180
225
285
417
525
728
996
1,355
1,855
2,255
1,595
-
Export-Import
Bank of the
United States
Secondary
market
operations
'
Other independent
agencies - (Continued)
End of
fiscal year
or month
Other independent agencies
Farm Credit Administration
\
1,699
1,797
3,269
4,079
5,887
*
2,110
1,951
1,863
1,775
' 1,683
1,588
1,484
Federal
National
Mortgage
Assn. 2/
1,411
1,529
1,790
1,805
2,338
1,820
4,201
4,757
6,310
4,588
4,702
5,524
9,914
7,923
7,848
12,149
7,755
1,730
1,858
1,925
1,964
2;$$
Federal
land
banks
Federal
National
Mortgage
Association
2/ 6/
4,240
4,942
5,705
6,188
6,673
5,565
2,974
3,532
4,106
4,612
5,319
5,720
6,192
6,652
7,393
9,058
7,075
8,076
13,165
14,996
18,560
21,087
17,701
7,846
7.949
8,261
8,336
6,133
6,021
5,941
5,873
7,825
8,061
8,030
8,027
18,939
18,724
19,040
19,239
t’
Ml
m
6,486
8,497
9.058
9.058
9.058
9,610
9*612
9,612
19,986
20,057
20,226
21,087
2,210
2,484
2,392
2,338
8,753
9.949
11,549
12,149
2,586
15,996
6,100
6,337
6,673
6,776
6j 758
6,880
B:28
21,597
District of
Columbia
Stadium
Fund
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
termediate credit banks were converted to private osraership pursuant
to provisions of Public Law 90-582, October 17, 1968.
For details of securities outstanding, see Table TS0-6.
Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
Includes mortgage backed bonds beginning Junfe 1970.
Less than $500,000.
November 1973
29
FEDERAL DEBT,
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Participation certificates issued by GNMA acting as trustee
Agriculture
Department
Fiscal year
or month
Commodity Credit
Corporation
Sales
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1972-Sept..........
Oct...........
Nov...........
Dec...........
1973-Jan............
Feb...........
Mar...........
Apr...........
May...........
June..........
July...........
Aug...........
Sept..........
Export-Import Bank
of the United States
.
2,181
_
-
_
—
Retire Out
ments standing
Sales
Retire Out
ments standing Sales
66
827
373
450
1,022
255
761
398
1,385
1,411 2/ 650 3/ 2,146
570
533
2,183
1,814
369
321
1,493
1,226
268
_
608
618
576
42
-
2,181
-/
_
-
_
_
-
_
. —
_
—
_
—
581
581
581
581
579
577
576
576
576
576
574
574
574
33
2
2
1
2
—
Retire Out
standing
ments
_
30
180
180
630
1,280
1,315
1,085
440
300
1,840
2,900
3,250
1,330
-
- 1
' -
30
25
_
350
35
-
Retire
Sales ments
_
300 •
_
2,110
4,830
600
7,900
525
8,600
225
7,320
_
6,005
_
4,920
4,480
4,885
4,885
4,855
4,830
4,830
4,830
4,830
4,480
4,480
4,480
4,445
4,445
4,445
_
184
401
80
168
24
_
_
_
-
_
_
24
_
-
Out
standing Sales
_
600
1,125
1,166
765
685
517
493
517
517
517
517
517
517
517
493
493
493 .
493
493
493
Participation certificates issued, by GNMA acting as trustee - (Continued)
Fiscal year
or month
Housing and Urban Development Department
Office of Secretary
Sales
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1972-Sept...........
Oct............
Nov............
Dec............
1973—Jan.
Feb...........
Mar............
Apr........... .
May...........
June............
July...........
Aug............
Sept..........
Government National
Mortgage Association j>/
680
1,140
640
_
Retire Out
ments standing
27
324
963
405
34
_
_
_
_
_
34
_
680
1,820
2,433
2,109
1,146
741
707
741
741
741
741
741
741
741
707
707
707
707
707
707
Sales
200
605
740
465
140
_
_
_
_
_
_
_
Small Business
Administration 6/
Retire Out
standing Sales
ments
20
50
50
134
190
81
193
95
_
13
11
_
_
56
19
200
785
1,475
1,891
1,897
1,707
1,626
1,433
1,338
1,418
1,418
' 1,405
1,394
1,394
1,394
1,394
1,338
1,338
1,338
350
520
430
50
.
_
_
_
1.319
1.319
1.319
Source: Bureau of Accounts.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural Housing
Loan programs.
2/ Includes Construction of Higher Education Facilites, Health Professions
Education Fund, and Nurse Training Fund, beginning April 1968.
2/ Includes $107 million refunding transaction.
4/ Includes College Housing, Elderly Housing, and Public Facility programs.
5/ Includes Special Assistance, and Management and Liquidating programs.
Retire-
-
Out-
Veterans
Administration 2/
Sales Retire-
70
70
203
225
91
206
41
350
800
1,160
1,007
782
691
485
444
_
41
-
485
485
485
485
485
485
4-85
444
444
444
444
444
444
y
Health, Education,
and Welfare
Department 2/
Farmers Home
Administration 1/
Total
100
885
260
590
260
_
—
-
10
60
60
79
136
99
107
243
100
975
1,175
1,704
1,885
1,749
1,650
1,543
1,300
_
17
14
-
1,523
1,523
1,506
1,492
1,492
1.492
1.492
192
_
!
Out-
16
1,300
1,300
1,300
Retire Out
standing
ment
100
100
15
"
_
_
_
_
_
_
-
_
3
3
2
6
2
_
_
2
_
._
-
_
100
200
212
209
207
201
199
201
201
201
201
201
201
201
199
199
199
199
199
199
(l£&TnA4no<n^iiin 1
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
Sales
42
436
167
667
Retire457
99
Out377
419
855
1,021
923
1,590
-
—
-
_
- i
“
—
_
_
—
-
-
—
_
—
-
1.284
1.284
1 284
Includes programs for Disaster Loans, and Business Loans and Invest
ments.
Includes Direct Loan and Lpan Guaranty programs.
y , In the case of Commodity Credit Corporation, participation certificates
2/
are called "certificates of interest" and are not included in the
Participation Sales Act of 1966. Amounts shown as sales and retirements
represent the net excess transactions for the period. On July 1, 1969,
the amount outstanding was reclassified as agency securities.
30
Treasury Bulletin
FEDERAL DEBT
Table FD-8. - Debt Subject to Statutory Limitation
End of
fiscal year
or month
1964................
1965................
1966................
1967................
1968................
1969................
1970................
1971................
1972................
1973................
1972-Oct.............
Nov.............
1972-Jan.............
Feb.............
Mar.............
July............
1973-Oct..'...........
Statutory
debt
limit
324,000
324,000
328,000
336,000
358,000
377,000
377,000
430,000
450,000
465,000
430,000
450,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
465,000
Total outstanding sub
ject to lijnitation
Total
312;i64
317,581
320,102
326,471
» 350,743
356,932
373,425
399,475
428,576
459,089
425,462
311,351
316,991
319,641
325,959
346,925
353,084
370,288
397,503
512
3,819
3,847.
3,137
1,972
1,939
1,567
1,955
344,401
351,729
369,026
396,289
425,360
456,353
422,308
792
569
441
492
3,798
3,827
3,117
1,952 ,
1,919
1,547
1,936
1,947
1,945
1,941
1,939
1,940
1,937
1,600
1,568
1,567
1,574
1,575
1,574
1,574
438,136
442,420
447,298
448,191
452,928
456^787
455,214
455,431
456,353
457,217
459,918
459,471
460,587
1,927 ,
1,925
1,921
1,919
1,920
1,917
1,580
1,'548
1,547
1,554
1,555 ■
1,554 •
1,554
813
590
462
426,638
457,522
423,506
439,325
443,626
448,677
449,447
454,217
457;986.
456,443’
456,718
457,522
458,384
461,225
462,394
463,432
460,820
461,858
Matured debt and bearing no
interest subject to limitation
Agency securities Public debt Agency
of
& debt of District securities securities District
Columbia 2/
of Columbia l/
1/
Public debt
securities
441,272
445,571
450,618
451,386
456,158
459,923
458,043
458,286
459,089 459,958
462,801
(In millions of dollars)
. Interest bearing debt
subject to limitation
Source: Daily Treasury statement.
Noter For debt subject to limitation for fiscal years 1940-1963, see Table
21 of the Statistical Appendix to the Annual Report of the Secretary
of the Treasury on the State of the Finances for fiscal 1972. For a
summary of legislation on debt limitation under the Second Liberty
307,357
313,113
315,431
322,286
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Public debt
securities
Agency
securities
3,995
3,878
1
1
1
4,210
3,673
2,524
1,355
1,262
1,214
1,278
1,168
1,198
i
•
1
1,189
1,206
1,379
1,256
1,290
1,199
1,229
1,288
1,168
I
1,166
1,307
1,349
1,270
■
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
Bond Act and the amounts of limitation see Table 32 of the
Statistical Appendix.
1/ Of $3,250 million in participation certificates subject to
limitation issued in fiscal 1968, $1 ,13$ million are now outstanding.
2J District of Columbia Armory Board Stadium Bonds.
* Less than $500,000.
F o o t n o t e s to T a b l e F D - 2
Source: On the basis of the daily Treasury statement.
Note: The computed annual interest charge represents the amount of
interest that -would be paid if each interest-bearing issue outstand
ing at the end of each month or year should remain outstanding for a
year at the applicable annual, rate of interest. The charge is com
puted for each issue by applying the appropriate annual interest rate
to the amount outstanding on that date (the amount actually borrowed
in the case of securities sold at a premium or discount, beginning
with May i960). The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
interest charge for the total, or for any group of' issues, by the
corresponding principal amount. Beginning with data for December 31,
1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
1/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
2/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
November 1973
31
FEDERAL DEBT
Table FD-9. - Status and Application o f Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 7 5 7 b ) , as amended,
provides that the face amount of obligations issued under
authority of that Act, and the face amount of
obligations
guaranteed as to principal and interest by the United States,
shall not exceed in the aggregate $400 billion
outstanding
at any one time. Public Law 92-599 provides that beginning
on November 1, 1972, and ending on November 30, 1973, the public
debt limit shall be temporarily increased by $65 billion.
The Act of June 30, 1967
(Public Law 90-39)
provides
that the face amount of beneficial interests and participa
tions issued under section 302 (c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
the fiscal year 1968 and outstanding at any time shall be
added to the amount otherwise taken into account in deter
mining whether the requirements of the above provisions
are
met.
Part A. - Status Under Limitation October 31, 1973
____________________________________________ (in millions of dollars)_______________________________________________
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)..........................................................................
465,000
Amounts outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended............
461,858
Debt of U.S. Government agencies.............................. ...........................
439
Participation certificates (12 U.S.C. 1717(c))............................................
1,135
463,432
Total amount outstanding subject to statutory debt limitation............................
Balance issuable under limitation...........................................................
1,568
Part B. - Application of Statutory Limitation October 31, 1973
(In millions of dollars)
Classification
Public debt:
Interesi>-bearing debt:
Public issues — marketable:
Treasury bills...................................................
Treasury notes...................................................
Treasury bonds...................................................
Total public issues — marketable...............................
Public issues — nonmarketable:
Certificates of indebtedness:
Foreign series.................................................
Foreign currency series........................................
Treasury notes:
Foreign series.................................................
Foreign currency series........................................
Treasury bonds........................ ........... .......... .
Treasury certificates............................................
Treasury notes...................................................
U.S. savings bonds...............................................
U.S. savings notes...............................................
U.S. retirement plan bonds.......................................
Depositary bonds........................................... .....
Treasury bonds, R.E.A. series............................... .....
Treasury bonds, investment series.................................
Certificates of indebtedness - State and local
Government series..............................................
Treasury notes - State and local Government series................
Treasuiy bonds - State and local Government series................
Total public issues — nonmarketable............................
Special issues to Government agencies and trust funds............... j.
Total interest-bearing debt.....................................
Matured debt on which interest has ceased...............................
Debt bearing no interest:
Special note of the United States:
International Monetary Fund series..................................
Mortgage Guaranty Insurance Company Tax and Loss Bonds..........:.....
U.S. savings stamps..................................................
Excess profits tax refund bonds.................... ..................
U.S. notes...........................................................
Deposits for retirement of national bank and Federal Reserve bank notes.
Silver certificates..................................................
Other debt bearing no interest.....................................
Total debt bearing no interest......................................
Total public debt..................................................
Debt of U.S. Government agencies:
Interest-bearing debt..... ...........................................
Matured debt on which interest has ceased.............................
Total debt of U.S. Government agencies..............................
Total public debt and debt of U.S. Government agencies..............
Deduct debt not subject to limitation...................................
Add participation certificates.........................................
Total subject to limitation.......................................
Source: Daily Treasury statement.
* Less tKkn $500,000.
Total
outstanding
101,577
120,669
41,801
264,047
11,943
127
14,233
1,458
250
375
55
59,953
501
65
16
6
2,275
5
111
95
91,469
105,071
460,587
354
825
44
48
1
323
71
213
10
1,535
4^2,476
439
439
462,916
619
1,135
463,432
32
Treasury Bulletin
FEDERAL DEBT
Table FD-10. - Treasury Holdings 6f Securities Issued by Government
Corporations and Other Agencies
(in millions of dollars)
Agriculture Department
End of
fiscal year
or month
Total
29,241
28,354
26,964
1964.*....
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1971-Dec.
27,040
28,164
30,651
31,944
33,939
34,237
33,078
1972-Oct.,
Nov.,
Dec.,
1973-Jan.,
Feb.,
Mar.,
Apr.,
May.,
June,
32,750
33,080
32,965
33,232
33,875
33,835
34,784
34,481
34,237
July
Aug.
Sept
Oct.,
36,236
36,599
37,025
33,840
24,611
Housing and Urban
ExportDevelopment Department
Secretary: Import
Bank
of
Farmers
Rural
the
Govern
Electri Home
United
ment
fication Adminis
Secretary
National Other
tration
States
Adminis programs
Mortgage 6/
1/
tration 2/
Assn. J5/
Agency
for
Inter
national
Develop
ment 1/
Commodity
Credit
Corpo
ration
735
712
689
662
638
544
512
451
416
374
435
13,990
13,111
11,768
10,097
11,989
12,115
12,262
11,977
11,501
10,864
11,266
3,828
4,075
4,234
4,518
.4,770
5,045
5,328
5,746
6,051
6,563
5,953
1,170
1,235
1,436
1.415
1,454
1,583
1.416
1,391
408
408
398
390
390
390
390
390
374
367
367
367
367
10,059
10,370
10,655
10,769
10,831
10,883
10,954
10,937
10,864
12,454
6.251
6.351
6.252
6.352
6.352
6.465
6.465
6.465
6.563
6.563
6.563
6.563
6.563
1.631
1.631
1.359
1.359
1.709
1.709
1.709
1.709
1,610
1,434
1,205
1,176
1,135
1,258
1,338
1,881
1,993
1,610
1,979
1,875
2,028
2,051
12,630
12,592
9,477
y
1,606
1,610
1,506
1,610
1,610
1,610
830
513
178
362
720
1,586
783
1,743
1,888
1,895
1,888
Source: Daily Treasury statement.
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from publi<f debt receipts under congressional
authorization for specified government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1972 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 316-20, and the 1972 Combined Statement of ,
Receipts, Expenditures and Balances of the United States Government,
pages 548-550.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude
notes previously issued by the Administrator in connection with
informational media guaranties. The obligation for these notes was
assumed by the Director of the United States Information Agency,
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and
the notes together with others issued for the same purpose are
included in "Other."
2/ Farm housing and other loan programs,Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural
Housing Insurance Fund, and Rural Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
t±/ Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; public
facility loans; Low Rent Public Housing Fund; and advances for
National Flood Insurance Fund.
5/ Consists of liabilities taken over by the Association from the
2,302
2,753
3,133
2,670
1,937
1,570
3,602
3,914
3,963
3,732
2,393
1,899
1,466
1,329
1,950
2,427
3,133
3,552
3,781
3,053
3,703
10
25
10
15
10
223
665
1,641
372
4,058
3,988
4,028
4.031
4.031
4,061
4,091
4,023
3,963
4,003
4,020
4.120
4.120
3,902
3,864
3,833
3,932
3,860
3,545
3,390
3.052
3.053
3,341
3,624
3,679
3,587
1,001
1,001
1,181
1,181
1.641
1.641
1.641
1.641
1.641
1.804
1.804
2,261
744
1,001
Transpor
tation
Veterans
Dept.
Tenn
Adminis
essee
Saint
Valley Xawrence tration:
Direct
Author Seaway
loan
ity
Develop program
ment
Corp.
1.730
85
123
1.730
95
124
100
1.730
125
100
1.730
125
100
1.730
129
100
1.730
133
100
1.730
133
100
130
1.730
100
1.730
127
123
100
1.730
100
128
1.730
100
100
100
100
100
100
100
vioo
100
100
100
100
100
125
124
124
123
123
123
123
123
123
122
122
121
121
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
Under
Defense
Produc
tion
Act
of 1950
1/
2,019
2,056
2,023
1,850
1,854
Ot^ier
2/
2,032
1,996
2,010
2,010
2,014
2,010
35
51
72
90
118
148
183
250
294
315
250
2.014
2.014
2.014
2.014
2.014
2.014
2.014
2, 014
2.014
2.015
2.015
2.015
2.015
294
294
296
296
296
296
296
304
315
310
302
295
295
" Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968 - December 1969.
2/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of
Agriculture; the Secretary of Interior (Defense Minerals of Exploration
Administration); and the Secretary of the Treasury through May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(N0AA), beginning December 1972; Virgin Islands Corporation from
September 1959 - September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of
helium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from
January 1966 - May 1967; and revenue bonds for Smithsonian Institu
tion (John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation fWashington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973-August 1973.
November 1973
33
.PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and Annual Treasury Bills
Outstanding October 31,(1973
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
Held l y 2 / Description
Total
i/
1973
Nov.
1974
Feb.
Apr.
May.
Aug..
Sept.
Oct..
Nov..
Dec.
1975
Feb.
Apr.
May.
Aug..
Sept.
Oct..
Nov..
1976
Feb.
Apr.
May.
Aug.
Oct.
Nov.
1977
Feb.
Apr.
Aug.
Oct.
1978
Feb.
Apr.
Oct.
Nov.
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Amount of maturities
Year
and
month
of final
maturity
1/
Held by 2/ Description
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Total
1979
4-1/8#
Bond -
11/15/73
4-1/8# Bod 3 2/15/74
7-3/4# Note 2/15/74-C
1-1/2# Note 4/1/74-EA
4-1/4# Bond 5/15/74
7-1/4# Note 5/15/74-D
5-5/8# Note 8/15/74-B
6#
Note 9/30/74-E
1-1/2# Note 10/1/74-E0
5-3/4# Note 11/15/74-A
3-7/8# Bond 11/15/74
5-7/8# Note 12/31/74-F
Total......................
4,336
801
3,535
2,466
2,960
593
353
2
1,873
2,607
32
j Aug....
Nov....
515
1,024
5,940
109
2,333
3,310
,1980
34
2,848
4,334
10,284
2,060
42
5,442
1,214
2,102
33,786
,
2,230
142
109
11,017
4,344
1,951
42
3,212
1,072
Feb....
May....
Nov....
1,993
22,769
1981
Aug....
8/15/79-A
11/15/79-B
4,559
1,604
6,163
1,689
845
2,534
2,870
2/15/80
4#
Bond 6-7/8# Note -' 5/15/80-A
3-1/2# Bond - 11/15/80
Total..........
2,576
7,265
1,897
11,738
856
5,427
751
7,034
1,720
1,838
1,146
6-1/4# Note 6-5/8# Note -
759
3,629
4,704
Bond -
8/15/81
807
407
400
Feb___
6-3/8# Bond -
2/15/82
2,702
966
1,736
1983
June...
3-1/4# Bond -
6/15/78-83
1,485
274
1,211
6-3/8# Bond -
8/15/84
2,353
1,356
997
3-1A # Bond 4-1/4# Bond -
5/15/85
5/15/75-85
962
1,203
2,165
225
492
717
737
711
1,448
1986
Nov....
6-1/8# Bond -
H / 15/ 86*
1,216
876
340
1990
Feb___
3-1/2# Bond -
2/15/90
4,049
1,131
2,918
4-1/4# Bond -
8/15/87-92
3,704
1,431
2,273
Aug....
4#
Bond 6-3/4# Bond 7-1/2# Bond -
2/15/88-93
2/15/93
8/15/88-93
231
627
926
1,784
70
163
675
908
161
464
251
876
1994
May....
4-1/8# Bond -
5/15/89-94
1,477
552
925
865
- 137
728
692
3,168
3,860
250
873
1,123
442
2,295
2,737
7#
1982
5-3/4# Note
5-7/8# Note
1/-1/2# Note Note
6#
5-7/8# Note
5-7/8# Note
8-3/8# Note
1-1/2# Note
Note
7#
Total..
2/L5/75-A
2/15/75-E
4/1/75-EA
5/15/75-B
5/15/75-F
8/L5/75-C
9/30/75-G
10/1/75-E0
11/15/75-D
6-1/4# Note 2/15/76-A
5-7/8# Note 2/15/76-F
1-1/2# Note 4/1/76-EA
6-1/2# Note 5/15/76-B
5-3/4# Note 5/15/76-E
7-1/2# Note 8/15/76-C
6-1/2# Note 8/15/76-G
1-1/2# Note 10/1/76-E0
6-1/4# Note ll/15/76-D
Total......................
4,015
1,222
8
6,760
1,776
7,679
2,043
30
3,115
26,648
3,739
4,945
27
2,697
2,802
4,194
3,883
11
4,325
26,623
1,528
131
4,481'
124
2,812
123
—
778
9,977
2,866
1,230
775
647
1,659
1,673
365
9,215
2,487
1,091
8
2,279
1,652
4,867
1,920
30
2,337
16,671
873
3,715
27
1,922
2,155
2,535
2,210
11
3,960
17,408
1984
Aug....
-
1985
May....
i1992
Aug....
1993
8#
Note
1-1/2# Note
7-3/4# Note
1-1/2# Note
Total........
6-1/4#
l-i/2#
1-1/2#
6#
Note
Note
Note
Note
Total........
2A5/77-A
4A/77-EA
8/15/77-B
10/1/77-E0
2/15/78-A
' 4A/78-EA
lO/l/78-EO
ll/15/78-B
5,163
5
4,919
17
10,104
3,059
1,664
4,723
8,389
15
1
8,207
3,431
3,608
16,612
7 n?Q
2,104
5
3,255
17
5,381
4,958
15
1
4,599
I Feb___
1995
Feb___
1998
May....
Nov....
9,573
3#
Bond -
7#
Bond 3-1/2# Bond Total.........
2/15/95
5/15/93-98 ■
11/15/98
-
Source:
Daily Treasury statement and Office of Debt Analysis in the
Office of the Secretary.
1/ For issue date of each security, see "Market Quotations on Treasury
Securities."
2/ Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
Treasury Bulletin
34
.PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings o f Treasury Bills
(Amount in millions of dollars)
Description of new issue
Issue date
Maturity
date
Amount of bids accepted
Number of
days to
maturity 1/
Amount of
bids
tendered
91
182
91
182
3,348.7
3,545.5
3,974.7
3,215.3
4.273.6
3.429.6
-
3,887.4
3,560.9
3/796.0
3,386.5
3,422.7
3,110.2
3,752.6
3,687.5
3,595.2
3,588.6
3,686.7
3,444.6
;
Total
amount
On competi
tive basis
Dn noncompeti
tive basis 2/
Amount
maturing on
issue date
of new
offering
Total
unmatured
XooU C S
Uuw“
standing afte
new issues
Regular weekly: (13-week and 26-week)
12..............
1 9
26...............
Aug.
2 ..............
9 ..............
16..............
23..............
30..............
Sept.
6 ..............
13..............
2 0
27..............
Oct.
4..............
11..............
18.............. .
25...............
9-month, one-year and 52-week
1972-Oct. 31.........1....
Nov. 30..............
ri973-0ct. 4
1974-Jan. 3
1973-Oct.* 11
1974-Jan. 10
*1973-Oct. IB
1974-Jan. 17
1973-Oct. 25
1974-Jan. 24
1973-Nov. 1
1974-Jan. 31
*1973-Nov. B
1974-Feb. 7
'l973-Nov. 15
1974-Feb. 14
"l973-Nov. 23
1974-Feb. 21
/1973-Nov. 29
^1974-Feb. 28
/1973-Dec. 6
[ 1974-Mar. 7
/1973-Dec. 13
[ 1974-Mar. 14
tHo Oto
5 ..............
I S'
1973-July
/ 1973-Dec.
( 1974-Mar.
/
Jan.
(
Apr.
/
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
91
182
91
182
91
182
91
182
91
182
92
182
91
182
91
182
91
182
91
182
27
28
3
4
10
11
17
18
91
182
24
25
91
182
3,904.3
3,448.2
3,942.3
4,228.2
4,114.6r
5,376.1r
4,136.6r
4,388.6r
2,500.4
1,701.0
2,500.4
1,701.7
2,500.9
1,700.7
2,501.4
1,701.9
2,500.7
1,701.0
2.501.6
1.801.6
2,500.6
1,806.9
2,501.1
1,801.5
2,502.8
1,800.3
2,503.3
1,808.5
2,491.5
1,802.3
2‘
502.3r
l,803.3r
2,503.1r
l,802.5r
:
2,206.2
1,527.5
2,144.9
1,442.2
2,166.0
1,432.6
2,213.9
1,481.8
2.291.1
1.467.2
2,174.3
1,553.0
2.161.5
1.541.5
2,224.5
1,548.9
2,172.3
1,574.2
2,199.1
1,647 .'6
2,119.0
1,558.0
2,090.9
1,560.2
2,159.7
1,581.1
2,222.6
1,605.0
2,257.2
1,631.0
1
294.3
173.4
' 355.5
259.5
334.9
268.1
287.5
220.2
308.6
233.8
327.2
248.6
339.1
265.4
276.6
252.7
330.5r
226.0
303.1
160.8
372.5
244.3
411.4r
243.lr
343.4r
221.5r
278.7
196.0
2,401.4
1,901.1
2,400.8
1,901.8
2,402.2
1,902.1
2,398.6
1,901.1
2,501.0
1,800.9
2,504.5
1,801.0
2,500.7
1,802.9
2.501.1
1.801.2
2,502.0
1,800.4
2,501.0
1,800.5
2,502.4
1,801.0
2,501.1
1,801.4
2,503.2
1,806.6
245.4
172.2
329.8
183.9
232.6
122.4
2,500.4
1,800.7
2,500.9
1,800.3
2,501.4
1,799.3
2,501.3
1,801.0
2,502.6
1,803.2
2,502.1
1,802.1
91
182
3,129.1
\ 3,191.8
4,545.0
3,268.3
3,763.5
3,782.7
3,525.5
2,996.0
2,499.3
1,801.6
2,172.4
1,618.1
2,266.7
1,679.2
f 1973-July 31
[
Oct. 23
273
357
1,811.0
3,342.5
500.5
1,802.5
487.8
1,773.3
12.8
29.2
499.9
1,200.3
4,504.3
16,210.6
Nov. 20
355
3,801.0
1,802.0
1,772.6
29.4
1,700.7
20,816.2
Dec. 18
1,701.0
20,915.6
91
182
91
182
2,500.4
1,801.0
32,218.9
46,331.4
32,318.5
46,131.4
32,417.1
45,930.0
32,520.0
45,730.8
32,519.7
45,630.9
32,516.8
45,631.6
32,516.7
45,635.5
32.516.8
45.635.9
32,517.6
45,635.8
32,5l8.8r
45,643.8
32,507.9r
45,645.0
32,509.1r
45,646.9r
32,509.Or
45,642.9r
32.509.9
45.642.9
32,512.1
45,645.5
32,513.4
45,647.2
32,511.3
45,649.5
352
3,176.8
1,800.5
1,770.0
30.5
1973-Jan.
31..............
1974-Jan. 15
’349
3,072.2
1,804.0
1,760.1
43.9
1,700.3
21,019.3
Feb.
28..............
Feb. 12
349
3,254.7
1,801.1
1,773.0
28.1
1,700.7
21,119.7
Mar. 31..............
Mar. 12
346
3,011.4
1,790.3-
1,745.7
44.6
1,701.9
21,208.0
Apr.
30..... ..........
Apr.
9
344
3,335.4
1,801.8
1,760.0
41.8
1,700.0
21,309.8
May
31..............
May
7
341
3,936.6
1,800.4
1,764.0
36.4
1,701.1
21,409.1
June 4
339
3,193.4
1,800.8
1,744.7
56.1
1,701.1
21,508.8
Dec. 31..............
June 30..............
,
July 31..............
July 2 v
336
2,984.7
1,802.0
1,726.5
75.5
1,701.5
21,609.3
Aug.
2B ..............
Aug. 27
364
3,061.9
1,804.8
1,682.0
322.8
1,803.4
21,610.7
Sept. 25..............
Sept.24
364
3,046.9r
l,802.3r
1,715.2
87.1r
1,800.5
21,612.5r
Oct.
July 30
294
4,209.3
1,804.4
1,705.4
99.1
-
23,416.9
Oct. 22
364
4,277.2
1,801.8
1,751.8
50.0
1,802.5
23,416.3
9 2/...........
23..............
November 1973
35
____________PUBLIC DEBT OPERATIONS_____________
Table PDO-2. - Offerings of Treasury Bills - (Continued)
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Regular weekly:
(13-week and 26-week)
1 (V W
T iiln
K
~
IQ
26
Q
16
on
I”
?
20
on
/
11
18
f 97.981
<95.950
/ 97.980
$ 95,946'
/ 97.986
\ 95.944
r 97.949
95.818
c97.897
95.715
* 97.855
95.627
* 97.731
95.479
y 97.723
95.523
97.809
95.664
K 97.781
95.584
K 97.721
95.490
“97.779
95.535
**98.147
96.127
h 98.193
96.166
“98.149
96.330
k 98.183
96.339
* 98.241
96.486
7.986
8.010
7.990
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.485
8.649
8.975
8.942
8.911
8.856
8.668
8.576
8.778
8.734
9.015
8.920
8.786
8.831
7.329
7.661
7.148
7.583
7.322
7.260
7.188
7.241
6.960
6.951
f 96.039
f 94.726
5.223
5.318
Low
Price per hundred Equivalent rate 4/
Price fer hundred Equivalent rate 4/
(Percent)
TO
<V+
High
Equivalent average
rate Lj
(Percent)
(Percent)
^
,
98.028
95.980
97.996
95.968
98.003
95.983
97.977
95.844
97.915
95.732
97.890
95.684
97.763
95.527
97.742
95.539
97.841
95.703
97.806
95.617
97.786
95.503
97.808
95.548
98.167
96.147
98.219
96.196
98.161
96.345
98.200
96.350
98.251
96.510
5/
6/
2/
8/
2/
m /
a/
12/
12/
M/
1£/
16/
12/
lg/
12/
20/
21/
7.801
7.952
7.928
7.975
7.900
7.946
8.003
8.221
8.248
8.442 '
8.347
8.537
8.850
8.848
8.836
8.824
8.541
8.500
8.680
8.670
8.759
8.895
8.672
8.806
7.251
7.621
7.046
7.524
7.275
7.230
7.121
7.220
6.919
6.903
i
97.952
95.933
97.976
95.937
97.983
95.940
97.938
95.810
97.888
95.708
97.830
95.608
97.720
95.473
97.708
95.516
97.796
95.657
97.772
95.577
97.714
95.485
97.776
95.532
8.102
8.045
8.007
8.037
7.979
8.031
8.157
8.288
8.355
8.490
8.585
8.687
9.020
8.955
8.969
8.869
8.719
8.591
8.814
8.749
9.044
8.931
8.798
8.838
98.141
96.123
98.167
96.150
98.145
96.313
98.172
96.330
98.220
96.461
*7.354
7.669
7.251
7.615
7.338
7.293
7.232
7.259
7.042
7.000
9-month, one-vear and 52-weeki
iQ^-.rv»+
96.068
94.744
5.185
5.300
96.023
94.695
5.244
5.350
94.847
5.225
94.872
5.200
94.824
5.249
Dec. 31.................
94.782
5.337
94.794 22/
5.324
94.735
5.385
1973-Jan. 31.................
94.197
5.986
94.261 22/
5.920
94.144
6.041
Feb. 28.................
94.134
6.050
94.203
5.980
94.107
6.079
Mar. 31.................
93.642
6.616
93.741
6.512
93.606
6.653
Apr. 30.................
93.695
6.598
93.755 24/
6.535
93.674
6.620
May 31.'................
93.542
6.818
93.587
6.770
93.512
6.850
June 30.................
93.187
7.235
93.220 25/
7.200
93.168
7.255
July 31.................
92.167
8.3^2
92.210 26/
8.246
92.135
8.427
Aug. 28.................
91.519
8.387
91.555 22/
8.352
91.483
8.423
S e p t . 2 5 . . .............
91,853
8.057
91.931 2g/
7.980
91.782
8.128
Oct. 9 2/..............
93.710
7.702
93.780 22/
7.616
93.678
7.741
23.................
92.789
7.132
92.799
7.122
92.779
7.142
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-2
Source:
Daily Treasury statement; Bureau of the Public Debt.
1/ The 13 week bills represent additional issues of bills with an
original maturity of 26-weeks and the 9-month bills represent addi
tional issues of bills with an original maturity of one year.
2/ For 13-week, 26-week, 9-month, and one-year issues, tenders for
$200,000 or less from any one bidder are accepted in full at average
prices of accepted competitive bids; for other issues, the correspond
ing amount is stipulated in each offering announcement.
2/ 42-week issues.
y Bank discount basis.
1/ Except $100,000 at 98.100 and $350,000 at 98.066.
6/ Except $10,000 at 96.154 and $20,000 at 96.000.
2/ Except $25,000 at 98.015,
8/v Except $570,000 at 96.050 and $1,100,000 at 95.996.
2/ Except $35,000 at 97.986.
K)/ Except $10,000 at 96.050.
13/ Except $10,000 at 97.900.
32j Except $10,000 at 95.720, $15,000 at 95.701, $40,000 at 95.703,
$10,000 at 95.705 and $10,000 at 95.685.
12/ Except $20,000 at 97.830, $125,000 at 97.826, $10,000 at 97.820
and $15,000 at 97.777.
yj
12/
16/
12/
lg/
22/
20/
21/
22/
22/
24/
23/
26/
22/
28/
22/
Except $20,000 at 95.601 and $10,000 at 95.570.
Except $80,000 at 97.765 and $1,000,000 at 97.760.
Except $20,000 at 97.800 and $815,000 at 97.770.
Except $40,000 at 95.602, $200,000 at 95.597, $20,000 at 95.584,
$1,000,000 at 95.515, and $300,000 at 95.511.
Except $10,000 at 97.820.
Except $10,000 at 96.000 and $420,000 at 95.719.
Except $500,000 at 98.210 and $500,000 at 98.200.
Except $500,000 at 96.470, $500,000 at 96.460, and $700,000 at
96.360.
Except $475,000 at 94.803.
Except $400,000 at 94.816 and $230,000 at 94.280.
Except $520,000 at 93.789.
Except $300,000 at 93.286 and $470,000 at 93.234.
Except $10,000 at 93.145, $3,150,000 at 92.254, and $260,000 at
92.219
Except $1,200,000 at 91.573.
Except $30,000 at 92.000 and $3,000,000 at 91.951.
Except $200,000 at 94.331, $10,000 at 94.010, $210,000 at 93.916
and $35,000 at 93.785.
r Revised.
37
November 1973
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury B illsl/
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
2,
f1970-0ct.
I
Dec.
9.
{ 1971-Jan.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate^
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
1
31
91
182
$2,357
2,659
$1,807
1,303
6.422
6.602
Oct.
8
7
91
182
2,381
2,170
1,801
1,311
6.643
6.657
1970-0ct.
1971-Jan.
15
14
22
21
29
28
5
4
12
11
91
182
91
182
91
182
91
182
91
182
2,916
2,873
3,014
2,458
2,662
2,465
2,632
2,056
2,499
2,476
1,803
1,305
1,802
1,300
1,801
1,301
1,811
1,300
1,801
1,303
6'.547
6.644
6.385
6.442
6.347
6.429
6.414
6.495
6.511
6.681
19
18
27
25
3
4
10
11
17
18
91
182
92
182
91
182
91
182
2,946
2,515
2,660
2,588
2,380
2,075
2,758
2,976
91
182
24
25
31
1
7
8
91
182
91
182
91
182
2,714
2,607
2,992
2,525
2,453
2,486
2,449
2,562
1,803
1,298
1,791
1,403
1,802
1,400
1,805
1,405
1,801
1,402
1,805
1,395
1,801
1,401 ,
1,802
1,402
6.526
6.587
6.197
6.338
6.342
6.507
6.366
6.555
6.314
6.494
5.955
6.241
5.809
6.373
6.024
6.412
Jan.
14
15
91
182
2,780
3,444
1,802
1,404
6.029
6.224
103
22.
Jan.
21
22
91
182
3,156
2,100
1,801
1,401
5.943
6.129
98
29.
Apr.
Jan.
28
29
91
182
2,615
2,909
1,800
1,401
5.830
6.117
99
5.
Feb.
May
4
6
91
182
3,230
2,448
i;830
1,402
5.655
5.772
120
12.
91
181
2,877
2,940
2,940
3,272
1,803
1,401
1,801
1,403
5.461
5.653
5.283
5.405
101
May
11
13
18
20
91
182
19.
Feb.
May
Feb.
27.
Feb.
May
25
27
90
181
2,839
2,470
1,901
1,400
4.759
4.855
209
3.
Mar.
June
4
3
91
182
3,527
2,320
1,903
1,399
5.083
4,979
194
10.
Mar.
17.
Mar.
June
11
10
18
17
91
182
91
182
2,841
2,069
2,883
2,343
1,901
1,401
1,901
1,400
4.883
4.874
4.776
4.785
Mar.
June
25
24
91
182
2,928
2,364
1,910
1,404
4.726
4.765
206
31.
Apr.
July
1
1
91
182
2,646
2,010
1,904
1,402
4.830
4.836
202
1971-Mar.
25.
June
Sept.
24
23
91
182
2,959
2,648
1,900
1,602
3.330
3.482
197
Apr.
1.
July
1
30
91
182
2,885
2,672
1,900
1,600
3.522
3.695
195
July
Oct.
8
7
91
182
2,795
2,600
2,000
1,601
3.704
3.755
196
1970-July
16.
23.
July
Aug.
30.
6.
13.
20.
27.
Sept.
2.
10.
17.
24.
Oct.
1.
8.
15.
Nov.
Dec.
24.
8.
Footnotes at end of table.
(
1970-0ct.
1971-Jan.
1970-Oct.
1971-Jan.
1970-Nov.
1971-Feb.
1970-Nov.
^1971-Feb.
1970-Nov.
1971-Feb.
1970-Nov.
1971-Feb.
1970-Dec.
1971-Mar.
k1970-Dec.
1971-Mar.
1970-Dec.
1971-Mar.
1970-Dec.
1971-Mar.
1970-Dec.
1971-Apr.
Jan.
Apr.
Apr.
Juiie
Sept.
,
(Continued on following page)
}
}
$108
102
100
95
100
107
100
114
91
99
105
97
97
94
99
98
194
197
38
Treasury Bulletin
_______________________________ PUBLIC DEBT OPERATIONS
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/
-
(Continued)
(Dollar amounts in millions)
Description of issue
Average rate
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
91
182
$3,111
2,618
$2,001
1,600
O H
f
{
Sept.
Dec.
23
23
91
182
3,044
2,670
2,203
1,603
4.954
5.133
1
f
\
Sept.
Dec.
30
30
91
182
2,917
2,303
2,200
1,601
5.078
5.278
&
f
Oct.
t 1972-Jan.
7
6
91
182
3,335
3,286
2,303
1,592
5.467
5.614
f 1971-Oct.
\ 1972-Jan.
14
13
91
182
4,095
3,226
2,302
1,601
5.377
5.483
11
QO
f 1971-Oct.
{ 1972-Jan.
21
20
91
182
4,091
2,982
2,302
1,601
5.546
5.724
i
QO
f 1971-Oct.
\ 1972-Jan.
28
27
91
182
4,421
3,609
2,313
1,601
5.556
5.833
#
f 1971-Nov.
\ 1972-Feb.
4
3
91
182
3,802
3,399
2,301
1,601
5.273
5.618
J
94
f 1971-Nov.
1972-Feb.
11
10
91
182
3,561
2,742
2,300
1,600
5.371
5.769
1
1
Qd
t
f 1971-Nov.
< 1972-Feb.
18
17
91
182
3,269
2,877
2,302
1,600
4.923
5.203
I»
OQ
&
6
70
f 1971-Nov.
1972-Feb.
26
24
92
182
3,713
2,817
2,301
1,600
4.748
4.859
II
iod
lyo
f 1971-Dec.
V 1972-Meup.
2
2
91
182
3,769
2,616
2,300
1,600
4.551
4.771
»
I
1 Qs »7
M
(
f 1971-Dec.
1 1972-Mar.
9
9
91
182
3,259
2,679
2,303
1,602
4.536
4.846
f1
O
A jMJ
t
f 1971-Dec.
1972-Mar.
16
16
91
182
3,123
2,452
2,300
1,601
4.836
5.085
1
1
±1 Q
yO
y
f 1971-Dec.
{ 1972-Mar.
23
23
91
182
3,352
2,399
2,300
1,600
4.742
4.993
1
f 1971-Dec.
1972-Mar.
30
30
91
182
3,950
3,046
2,301
1,600
4.675
4.973
f
101
f
(
Jan.
Apr.
20
20
91
182
3,515
3,275
2,301
1,601
4.493
4.634
1
1
-1Q d
X 70
C
\
Jan.
Apr.
27
27
91
182
4,155
2,983
2,302
1,601
4.444
4.530
I1
1
loo
1
(
{
Feb.
May
3
4
91
182
3,954
3,027
2,302
1,602
4.233
4.345
I
203
11
f
^
Feb.
May
10
11
91
182
3,725
2,799
2,300
1,601
4.174
4.341
V
I
om
<£UJ.
n &
f
^
Feb.
May
17
18
91
182
4,035
3,304
2,301
1,602
4.124
4.255
\
i on
f
Feb.
May
24
25
90
181
3,436
3,193
2,301
1,600
4.235
4.412
Ii
onn
<cUU
Mar.
June
2
1
91
182
3,583
2,842
2,302
1,601
4.324
4.431
1
ono
Mar.
June
9
8
91
182
3,623
2,905
2,301
1,601
4.090
4.207
>
199
Mar.
June
16
15
91
182
3,378
2,700
2,301
1,600
3.944
4.144
1
onn
f
\
May
Aug.
18
17
91
182
3,816
3,104
2,405
1,801
3.065
3.537
>
305
f
^
May
Aug.
25
24
91
182
3,906
3,788
2,401
1,803
3.143
3.513
}
303
July
Aug.
n
TQ
Sept.
0*3
Ol
PA
<
Dec.
Amount
of bids’
accepted
15
14
15 ..............................
June
Nov.
Amount
of bids
tendered
f 1971-July
(
Oct.
1971-Apr.
Oct.
Number of
days to
maturity
Maturity
date
Issue
date
0
f
(
0
f
\
T
1
1972-Feb.
Footnotes at end of table.
S
(Continued on following page)
$193
J
11
iJ-U-L
m
}
J
96
%
91
)
J
91
l
1
yJ
T
n
X ii U
70
Q
7A
0
November 1973
39
kPUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills
(Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
1972-Mar.
June
91
182
9.
8
7
91
182
16.
15
14
23.
New money
increase, or
decrease (-)
4,129
3,609 -
2,401
1,800
3.552
3.796
298
91
182
3,462
3,016
2,401
1,801
3.846
4.196
301
22
21
91
182
3,316
3,477
1,801
2,401
3.919
4.322
292
1.
31
30
91
182
3,670
2,975
2,302
1,801
3,761
4.107
-103
.
7
7
91
182'
3,662
3,351
2,301
1,800
3.863
4.243
-105
15.
14
14
91
182
3,627
3,205
2,301
1,802
3.796
4.187
-104
22.
21
21
91
182
3,594
3,322
2,301
1,802
3.926
4.328
-104
13.
12
11
91
182
3,524
3,040
2,301
1,801
4.103
4.605
201
20.
19
18
91
182
3,845
3,050
2,301
1,800
3.949
4.455
199
26
25
91
182
3,723
3,707
2,301
1,800
4.046
4.585
198
2
91
182
3,618
3,160
2,301
1,800
3.796
' 4.298
200
91
182
91
182
3,742
3,071
3,658
3,683
2,299
1,801
2,423
1,801
3.928
4.431
4.567
4.937
1
3
91
182
4,036
3,864
2,401
1,901
4.766
5.141
200
8
10
91
182
3,886
3,876
2,401
1,901
4.670
4.958
203
15
17
91
182
3,926
3,907
2,402
1,901
4.774
5.070
202
Feb.
May
22
24
90
181
3,671
3,807
2,401
1,900
4.775
5.050
199
Mar.
1
31
91
182
4,261
3,510
2,400
1,902
4.885
5.179
199
15
14
91
182
22
21
91
182
91
182
4,470
3,252
3,701
3,624
3,702
3,546
2,402
1,902
2,405
1,906
2,404
1,903
5.100
5.309
5.089
5.298
5.111
5.312
2,402
1,901
2,403
1,902
2,401
1,902
1,901
2,501
1,693
5.164
5.397
5.154
5.413
5.277
5.541
5.634
5.759
6.180
6.457
2,501
1,701
2,502
1,702
6.453
6.747
6.693
-6.864
1972-Oct.
1973-Jan.
3.
Sept.
7.
Nov.
2.
ly
Feb.
May
9.
16.
24.
30.
May
14.
21 .
28 .
Mar.
June
Mar.
June
Apr.
July
25.
31
Footnotes at end of table.
15
91
182
23
23
30
29
91
183
91
182
3,454
3,263
3,452
3,564
12
12
16
17,
Aug.
Nov.
Aug.
Nov.
$3,609
3,4*1
3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
3,789
3,552
19
19
26
26
18.
24
29
28
5
5
4.
11 .
May
Average rate
of bids
accepted 2/
(Percent)
$295
.
1973-Jan.
Amount
of bids
accepted
3.447
3.762
10
Dec.
Amount
of bids
tendered
$2,401
1,796
27.
Aug.
’1972-June
Aug.
1
31
2.
8
July
Number of
days to
maturity
Maturity
date
91
182
91
182
91
182
91
182
(Continued on following page)
2,400
199
122
200
208
208
204
201
223
200
-1 1 1
-99
-1 00
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^ - (Continued)
(Dollar amounts in millions)
Description of issue
1973-June
14
21
28
July
Aug.
Number of
days to
maturity
Maturity
date
Issue
date
f 1973-Sefct*
^
K
5
12
r
19
^
26
*
2
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974—Jan.
1973-Oct.
1974-Jan.
* 1973-Nov.
1974-Jan.
13
13
20
20
27
27
4
3
11
10
18
17
25
24
1
31
91
132
91
132
91
182
91
182
91
182
91
182
91
182
91
182
Source: See Table PDO-2.
hj Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on December 2, 1970 ($2,105 million),
Amount
of bids
tendered
$3,580
3,214
4,165
3,774
4,022
3,776
3,349
3,545
3,975
3,215
4,274
3,430
3,887
3,561
3,796
. 3,386
Amount
of bids
accepted
$2,502
1,701
2,501
1,701
2,503
1,701
2,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
Average rate
of bids
accepted 2/
(Percent)
7.127
7,172
7.265
7,255
7,229
7,299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
and April 6, 1971 ($2,206 million).
2/ Equivalent average rate on bank discount basis.
New money
increase, or
decrease (-)
'
1 $-99
1 -104
-101
i —
jJLUJL
m
1 -100
>
-96
<
*i/v\
—JAJU
j
41
November 1973
PUBLIC DEBT OPERATIONS.
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip
tion books
closed or
tenders re
ceived
7/2/70
7/16/70
7/23/70
8/5/70
8/5/70
8/25/70
9/24/70
1/
10/15/70
10/29/70
10/27/70
11/5/70
11/24/70
Issue
date
7/8/70
7/23/70
4/30/70
7/31/70
8/15/70
8/15/70
8/17/70
5/31/70
8/31/70
6/30/70
9/30/70
10/1/70
10/21/70
*11/15/70
11/15/70
7/31/70
10/31/70
V 11/16/70
r 8/31/70
$ 11/30/70
6-3/4$
5.184$
5.010$
4.695$
-
4.949$
4.886$
5-7/8$
6-1/4$
4.269$
4.249$
3.281$
Bill
Bill
Note
Note
Bill
Bill
Bill
_
-
1/27/71
1/26/71
f 11/30/70
\ 2/28/71
7/23/70
3.691$
3.675$
3.671$
Bill
Bill
Bill
-
f 12/31/70
^ 3/31/71
3.507$
3.587$
3.811$
Bill
Bill
Bill
-
4/1/71
1/31/71
4/30/71
5/15/71
5/15/71
1-1/2$
Note
Bill
Bill
Note
Note
Bill
_
_
_
-
2/28/71
5/31/71
6/29/71
3/31/71
6/30/71
7/6/71
8/15/71
8/15/71
4/30/71
7/31/71
S/16/71
' 5/31/71
8/31/71
9/8/71
6/30/71
9/30/71
10/1/71
10/22/71
7/31/71
10/31/71
11/15/71
11/15/71
4.688$
4.790$
6$
5.425$
5.567$
5.033$
7$
7$
9/30/70
12/31/70
2/15/71
2/15/71
^10/31/70
1/31/71
2/18/71
2/23/71
3/24/71
3/25/71
3/31/71
2/
4/27/71
5/5/71
5/19/71
5/26/71
6/22/71
6/24/71
6/30/71
7/28/71
7/27/71
8/5/71
8/24/71
8/31/71
9/22/71
1/
10/15/71
10/26/71
11/3/71
Footnotes at end of table.
6.452$
.
Bill
Bill
Bill
Bill
Note
Note
Note
Bill
Bill
Bill
Bill
Note
Bill
Note
Note
Bill
Bill
Note
Bill
Bill
Bill
11/25/70
12/23/70
Description of securities 1/
6.504$
6.467$
6.380$
7-3/4$
7-3/4$
7-1/2$
6.510$
6.396$
6.237$
6.216$
1-1/2$
5.970$
7-1/4$
7-1/2$
6.153$
6.072$
4.403$
4.422$
5$
5-3/4$
4.099$
5.944$
5.953$
6-1/2$
5.090$
5.125$
6-1/4$
5.242$
5.279$
1-1/2$
5-7/8$
4.496$
4.490$
6$
6-1/8$
Bill
Bill
Note
Bill
Bill
Bill
Note
Bond
Bill
Bill
Note
Bill
Bill
Note
Bill
Bill
Note
Note
.Bill
Bill
Note
Bond
-
_
_
_
-
3/22/71
4/22/71
4/30/71
7/31/71
2/15/74-C
8/15/77-B
2/15/72-C
5/31/71
8/31/71
6/30/71
9/30/71
10/1/75-E0
6/22/71
5A5/74-D
8/15/76-C
7/31/71
10/31/71
5/15/72-D
Period to final
ilia,uUX X UJr
(years, months,
days) gj
- Tax ant. 5/
- Tax ant. 5/
- Reopening
6/
6/
- Reopening
257d
273d
273d
365d
3y
7y
ly
6m
6m
273d
365d
- Reopening
273d
365d
5y
- Tax ant. 1/
Reopening 6/
- Reopening
8/31/71
11/30/71
"Strip" of
series
9/30/71 12/31/71
8/15/75-C
2/L5/78-A
10/31/71 1/31/72
"Strip" of
series
3y
5y
ly
7M/
Reopening
6 16/
11/30/71 - Reopening
2/29/72
4/22/71 - Reopening
Tax ant. 5/
12/31/71 - Reopening
3/31/72
"Strip”of 11 12/
series
4/1/76-EA
1/31/72 - Reopening
4/30/72
8/15/72-E
ll/l 5/74-A - Reopening 6/
"Strip" of 8 IS''
series
2/29/72 - Reopening
5/31/72
11/15/72-F
3/31/72 - Reopening
6/30/72
9/21/71 - Tax ant. 1/
11A5/75-D
6/
8/15/81
4/30/72 - Reopening
7/31/72
2/15/73-C
5/31/72 - Reopening
8/31/72
11/15/76-D
6/30/72 - Reopening
9/30/72
_
_
_
_
- 10/1/76-E0
- 2/15/75-E
_
7/31/72 - Reopening
- 10/31/72
_ 11/15/78-B
4/
- 11/15/86 6/
271d
365d
1,222
2,006
274d
365d
57d
5,254
1,323
1,854
3,560
273d
365d
Exchange
Amount issued 2/
For
cash
In exchange
U
(In millior s of dollars])
2,516
2,261
_
500
1,202
_
3,139
2,264
3,190
_
501
1,204
_
501
1,202
30
2,515
_
4,505
2,511
_
501
1,201
2,037
_
501
1,200
_
2,105
501
1,201
3,139^1
2 ,264j 3/
190 10/
_
_
30
4,505\ 12/
2,511/
-
272d
365d
(Average)107.5d
500
1,199
1,204
-274d
366d
23d
1,442
2,194
5,095
_
501
1,201
2,001
_
275d
366d
128d
1,491
2,177
5,080
_
500
1,200
2,206
-
276d
366d
1,449
2,223
_
3,093
27
_
3,452
3,231
_
500
1,200
_
1,608
(Average)
_
5y
ly 3m
3y 6m
(Average) 54.5d
ly
273d
366d
1,682
2,347
4,028
275d
366d
77d
1,302
4im
4y 3m
lOy
272d
366d
ly 6m
274d
366d
5y 2£m
274d
366d
5y
3y 3-3/4m
273d
366d
7y
15y
(Continued on following page)
2,152
3,886
_
195 21/
1,583
2,300
4,136
1,544
2,262
3,407
1,370
2,220
4,615
1,524
2,385
_
24 21/
_
3,115
612
_
_
11
_
8,207
1,192
_
500
1,201
2,285
500
1,200
1,752
_
195
501
1,202
2,514
500
1,300
1,283
500
1,201
2,045
500
1,200
_
24
100
11/
100
12/
_
7,679
8,389
_
-
6m
Allot
ment
ratio
_
-
1,404
2,952
_
1,285
1,810
4,065
4y
7Sr
Reopening
4,741
4,755
1,597
2,489
_
18,819 8/
1,221
2,036
1,170
1,721
5,593
6m
(Average)
Cash
244d
6m
9m
Reopening
Amount of sub
scriptions tendered
7,679\
8,389/ 15/
/
100
-
27
_
3,452^
3,231/ 18/
_
100
'
3,115^ 2g/
612/
J
_
_
11
-
20/
100
22/
2lJ
&
_
8,20*A
1,192/ 26/
100
42
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
11/15/71
r 8/31/71
<11/30/71
12/1/71
12/13/71
r 12/1/71
4.273#
3.;
Note
Bill
Bill
Bill
Bill
Bill
12/22/71
VL2/13/71
4.056#
Bill
12/28/71
r 9/30/71
12/31/71
*10/31/71
1/31/72
2/15/72
2/15/72
*11/30/71
2/29/72
3.930#
3.927#
3.891#
3.936#
Bill
Bill
Bill
Bill
Note
Bond
Bill
Bill
Bill
11/9/71
11/23/71
11/24/71
12/8/71
1/25/72
2/2/72
.2/22/72
3/1/72
3/24/72
3/28/72
U
4/25/72
5/2/72
5/23/72
6/23/72
7/25/72
8/2/72
8/24/72
9/26/72
1/
10/11/72
10/24/72
11/1/72
11/17/72
11/22/72
11/29/72
12/20/72
12/26/72
1/4/73
1/26/73
2/7/73
2/7/73
2/22/73
3/27/73
4/24/73
5/1/73
5/2/73
5/24/73
6/26/73
7/24/73
7/31/73
8/1/73
8/8/73
8/22/73
8/24/73
9/19/73
2/
10/3/73
4-7/8#
4.580#
4.563#
4.558#
5-3/4#
6-3/8#
3.862#
4.091#
3.405#
f 12/31/71
^ 3/31/72
4/3/72
4/1/72
r 1/31/72
4/30/72
5/15/72
2/15/72
2/29/72
5/31/72
3/31/72
6/30/72
4.512#
4.661#
5-7/8#
1-1/2#
r 4/30/72
^ 7/31/72
(8/15/72
( 8/15/72
W15/72
f5/31/72
l8/31/72
[6/30/72
I '9/30/72
10/1/72
10/19/72
r 7/ 31/72
UO/31/72
n/15/72
11/24/72
11/30/72
12/5/72
12/28/72
12/31/72
1/10/73
1/31/73
2/15/73
2/15/73
2/28/73
3/31/73
4/V73
4/30/73
5/15/73
5/15/73
5/31/73
6/30/73
7/31/73
8/15/73
8/15/73
8/15/73
8/28/73
9/4/73
9/25/73
10/1/73
10/9/73
4.731#
4.918#
5-7/8#
6-1/4#
6-3/8#
5.
5.178#
5.346#
5.529#
1-1/2#
6#
4.234#
4.362#
4-3/4#
6-3/8#
4.367!#
4.465#
4.754#
4.853#
5.223#
5.318#
6-1/4#
4.721#
5.225#
5.089#
5-7/8#
5.337#
6-3/4#
5.986#
6-1/2#
6-5/8#
6.050#
6.615#
1-1/2#
6.598#
6-7/8#
7#
6.818#
7.235#
8.393#
7-3/4#
7-1/2#
9.802#
8.387#
8-3/8#
8.057#
1-1/2#
7.702#
Bill
Bill
Note
Note
Bill
Bill
Note
Bond
Bill
Bill
Bill
Bill
Bill
Bill
Note
Note
Bond
Bill
Bill
Bill
Bill
Note
Note
Bill
Bill
Note
Bill
Bill
Bill
Note
Bill
Bond
Bill
Note
Note
Bill
Bill
Note
Bill
Note
Bond
Bill
Bill
Bill
Note
Bill
Bill
Note
Bill
Note
Bill
2/15/73-D
8/31/72
11/30/72
4/21/72
6/21/72
4/21/72
Period to final
imo+iw?
lia,uux x ujr
(years, months,
days) £/
ly
3m
- Reopening
275d
366d
142d
191d
114d
- Tax ant. 5/
- Tax ant. j>/
- Reopening
Tax ant. j>/
6/21/72 - Reopening
175d
Tax ant. 2/
9/30/72 Reopening
274d
12/31/72
366d
10/31/72 Reopening
274d
366d
1/31/73
2/15/76-1
4y 3m
2/15/82
lOy
275d
11/30/72 - Reopening
365d
2/28/73
"Strip" of 15 22/
(Average)
73d
series
275d
12/31/72 - Reopening
365d
3/31/73
5A 5/75-F
3y l-l/2m
4/1/77-EA
5y
275d
1/31/73 - Reopening
365d
4/30/73
5/15/73-E
ly
2/15/82 - Reopening
9y 9m
273d
2/28/73 - Reopening
365d
5/31/73
3/31/73 - Reopening
274d
365d
6/30/73
4/30/73
7/31/73
2/15/76-F
8/15/79-A
8/15/84
5/33/73
8/28/73
6/30/73
9/25/73
10/1/77-E0
9/30/74-E
7/31/73
10/23/73
11/15/76-D
4/20/73
11/20/73
6/22/73
12/31/74-F
12/18/73
2/15/93
1/15/74
8/15/76-G
11/15/79-B
2/12/74
3/12/74
4/1/78-EA
4/9/74
5/15/80-A
5/15/93-98
5/7/74
6/4/74
7/2/74
8/15/77-B
8/15/88-93
9/19/73
8/27/74
9/30/75-G
9/24/74
10/1/78-E0
7/30/74
- Reopening
273d
365d
3y
7y
12y
4y
20y
lm
3y
6y
6m
9m
5y
66^
1,526
1,915
6,430
1,534
2,320
3,845
1,468
2,455
3,377
1,306
1,615
2,150
1,282
1,961
1,526
2,850
364d
3,353
3,214
1,240
3,937
3,195
2,985
2,167
500
3,896
3,062
4,371p
3,047
294d
4,209
341d
339d
336d
4y
20y
5y
1,488
2,290
1,506
2,204
1,664
3,255
3,011
352d
344d
7y
25y
*2y
2,737
349d
346d
147d
355d
199d
2y
Reopening
4,383
3,589
35d
354d
lm
Continued on following page
Amount issued J/
For
cash
^In millions of dollars)
2,768
1,500 22/
500
_
1,201
2,506
2,010
1,526
349d
5y
ly ll-l/2m
273d
357d
- Tax ant. j§/
Tax ant. 5/
4,041
1,528
2,099
4,778
Exchange
41 21,
1,889
4,914
1,547
4,145
4,855
1,811
3,333
7,162
6,367
3,801
5,079
5,690
3,177
1,749
3,072
273d
362d
271d
360d
Reopening
- Reopening
- Tax ant. j/
Cash
6m
Reopening
- Reopening
Amount of sub
scriptions tendered
:
_
2,802
2,131
_
5
2,514
1,016
501
1,200
500
1,200
66
500
1,200
3,065
501
1,201
1,776
500
1,200
In exchange
u
1,500 z u
_
;
_
100
_
5
-
_
500
1,201
-
_
_
17
-
_
-
3,883
595
15
5,221
40
*
41
501
1,804
500
1,801
2,060
501
1,802
3,041
2,012
1,802
2,509
2,102
1,800
627
1,804
1,009
1,801
1,790
1,802
2,043
652
1,800
1,801
1,802
2,028
500
2,017
1,805
2,043p
1,802
1,804
21/
_
2,514 22/
4,945
4,559
2,312
££/
-
1,279
505
501
1,200
501
1,201
-
Allot
ment
ratio
22/
24/
_
-
4,94^
4,559/ 25/
2,312f
100
_
17
-
HJ
28/
&/
3,883 40/
595 41/
100
42/
15
5,22^ 42/
f j ) ^
44/
42/
42/
48/
42/
*
November 1973
43
PUBLIC DEBT OPERATIONS
T able PDO-4. - O fferin gs o f P u blic Marketable S ecu rities Other than
Regular W eekly Treasury B ills - (C on tinued)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
10/17/73
10/23/73
7.132%
Bill
-
10/22/74
10/30/73
11/15/73
7%
Note
-
II/I5/79-C
10/31/73
f 11/15/73
^ 11/15/73
7%
7-|%
Note
Bond
-
12/31/75-H
8/15/88-Q3 - Reopening
Description of securities l/
Period to final
maturity
(years, months,
days)
2/
364d
6y
2y
19y
1-Jm
9m
Amount of sub
scriptions tendered
Cash
Exchange
Amount issued 2/
For
cash
In exchange
U
Allot
ment
ratio
4,277p
_
l,802p
2,9l8p
220
2,024p
220 50/
51/
2,859p
l,503p
220
136
l,510p
302p
220\%Q/
136J
52/
-
52/
Footnotes to Table PDO-4.
Source:
Bureau of Public Debt.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued vis in addition to the atourt of
original offering.
ij For securities exchanged for the new issues see Table PDO-7.
5/ Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Price at which issued appears in Table PDO-5.
7/ Exchange offering available to owners of nonmarketable 2-3/4$ Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l. Amounts shown are as of October 31,1973.
8/ Payment for subscriptions allotted could be made in cash or in
Treasury bonds or notes maturing on the issue date of the new security.
9/ Includes $151 million of the 2/15/74-C notes and $479 million of the
8/15/77-B notes allotted to Federal Reserve banks and Government
accounts.
10/ This is amount of bonds and notes maturing August 15, 1970 exchanged
by Federal Reserve banks and Government accounts.
11/ Subscriptions from the public for $200,000 or less were allotted in
full and those above that amount were allotted 9-1/2% but not less
than $200,000.
12/ Includes $842 million of the 7-l/4% notes and $811 million of the
1 - 1 /2 $ notes allotted to Federal Reserve banks and Government accounts.
13/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.93 (yield 6.09$) down to 100.69 (yield 6 .2 6 % ).
1U Sale of a "strip" of Treasury bills consisting of an additional $301
million of series maturing on January 7, 14, 21, and 28, and February 4
11, and 18, 1971.
15/ Includes $2,319 million of the 5-7/8% notes and $2,722 million of the
6-1/4% notes allotted to Federal Reserve banks and Government accounts.
16/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of series maturing May 27, June 3, 10, 17, and 24, and July 1,
1971.
'
17/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from July 8 through September 16,
1971.
18/ Includes $1,457 million of the 5% notes and $1,046 million of the
5-3/4% notes allotted to Federal Reserve banks and Government accounts.
19/ Sale of a "strip" of Treasury bills consisting of an additional $201
million of weekly series maturing from June 24 through August 12, 1971.
20/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.38 (yield 5.71%) down to 99.93 (yield 6.05%)
with the average at 100.00 (yield 6.00%).
21/ Cash subscriptions were aceepted only from individuals in amounts of
$10,000 or less.
22/ Includes $592 million of the notes and $351 million of the bonds
allotted to Federal Reserve banks and Government accounts.
23/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.08 (yield 6 .44%) down to 99.87 (yield 6.59%)
with the average at 99.94 (yield 6.54%).
2L/ Sold, at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 101.44 (yield 5.92%) down to 101.00 (yield 6.02%)
with the average at 101.14 (yield 5.98%).
25/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.25 (yield 5.46%) down +0 100.80
(yield 5.61%) with the average at 100.89 (yield 5.58%).
r&J Include® $2,925 million of the notes and $673 million of the bonds
allotted to Federal Reserve"banks and Government accounts.
27/ Issued to Federal Reserve banks and Government accounts in exchange
for securi+ies maturing November 15, 1971.
28/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 4.79%) down to 99.90
(yield 4.96%) with the average at 99.96 (yield 4.91%).
29/ Includes $421 million of the notes and $554 million of the bonds
allotted to Federal Reserve banks and Government accounts.
30/ Sale of a "strip”of Treasury bills consisting of an additional $204
million of each weekly series maturing from March 30 through July 6,1972.
31/ Sold at auction through competitive and noncompetitive bidding.*
Prices accepted ranged from 100.50 (yield 5.69%) down to 100.20
(yield 5.80%) with the average at 100.26 (yield 5.78%).
32/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1972.
33/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.50 (yield 4.23%) down to 100.27
(yield 4.47%) with the average at 100.30 (yield 4.44%).
34/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.06 (yield 6.23%) down to 100.37 (yield
6.32%) with the average at 100.60 (yield 6.29%).
35/ Includes $1,028 million of the 5-7/8% notes, $1,437 million of the
6-1/4% notes and $1,180 million of the bonds allotted to Federal Reserve
banks and Government accounts.
36/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.41 (yield 5.77%) down to 100.20 (yield
5.89%) with the average at 100.25 (yield 5.86%).
37/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.31 (yield 6.16%) down to 100.14 (yield
6.21%) with the average at 100.18 (yield 6.20%).
38/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.29 (yield 5.72%) down to 100.05 (yield
5.85%) with the average at 100.09 (yield 5.83%
39/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 99.50 (yield 6.79%).
£0/ Includes $1,392 million allotted to Federal Reserve banks and
Government Accounts.
41/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 1'5, 1973.
12/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.88 (yield 6.65%) down to 99.21 (yield
6.77%) with the average at 99.40 (yield 6.74$).
1 3 / issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1973.
/,/,/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 6.86%) down to 99.05 (yield
7.05%) with the average at 99.29 (yield 7.01%).
4.5/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 98.75 (yield 7.11%).
L6/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing August 15, 1973.
Ll/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.31 (yield 7.95%) down to 99.01 (yield
8.04%) with the average at 99.07 (yield 8.03%).
_ 4.8/ Sold at auction through competitive and noncompetitive bidding. All
accented tenders were awarded at the price of 95.05 (yield 8.00%).
IS*/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.05 (yield 7.80%) down to 100.70
(yield 7.99%) with the average at 100.80 (yield 7.94%).
10/ Issued to Federal Reserve banks and Government accounts in exchange
for bonds maturing November 15, 1973.
j>!/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.21 (yield 6.75%) down to 100.63
(yield 6.87%) with the average at 100.88 (yield 6.82%).
£2/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.49 (yield 6.73%) down to 100.09
(yield 6.94%) with the average at 100.14 (yield 6.91%).
52/ Sold at auction through competitive and noncompetitive bidding.
All accepted tenders were awarded at the price of 101.60 (yield 7.32%).
p preliminary.
* Less than $500,000.
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
pther than Advance Refunding Operations
Description of securities
Date of
financing
1974
4-1/4#
Bond
5/15/74
5/15/65
5-5/8#
Note
8/15/74-B
8/15/68
6#
3-7/8#
Note
Bond
9/30/74-E
11/15/74 J/
10/19/72
11/15/61
5-3/4#
Note
11/15/74-A 1/
5/15/71
5-7/8#
1975
Note
12/31/74-F
12/28/72
5-3/4#
Note
2/15/75-A
2/15/68
5-7/8#
5-7/8^
Note
Note
2/15/75-E
5/15/75-F
10/22/71
4/3/72
8-3/8#
Note
9/30/75-G
9/4/73
Note
11/15/75-D
8/15/71
6-1/4#
Note
2/15/76-A
2/15/69
5-7/8#
Note
2/15/76-F
8/15/72
7#
Average price
per hundred
Effective
interest
rate
$ 732
1,329
2,062
$100.25
100.25
4.22#
4.22
. 4-5/8#
3-7/8#
Note
Note -
5/15/65-A
5/15/65-C
5,414
4,442
428
99.62
99.62
99.62
5.71'
5.71
5.71
2/
4-1/4#
3-3/4#
Note _
Bond -
8/15/68-C
8/15/68
100.25
99.00
99.60
99.60
5.86
3.97
5.81
5.81
2/
2-1/2#
Bond 5-1/4# No$e _
8#
' Note -
11/15/61
5/15/71-A
5/15/71-E
100.09
5.83
2/
99.40
99.15
99.85
99.85
5.73
5.73
5.73
5.72
4-1/4#
3-3/4#
5-1/4#
3-7/8#
100.89
100.26
5.58
5.78
2/
100.80
99.80
99.80
7.94
7.06
7.06
99.75
99.75
6.29,
6.29
99.75
99.75
99.75
99.75
99.75
5.97
5.97
5.97
5.97
5.97
99.50
99.50
99.50
Amount issued
(In millions)
10,284
2,060
517
1,860
1,371
3,231
2,102
{
507
1,107
929
433
2,977
2,045
1,776
2,043p
1,407
1,708
3,115
1976
{'
3,037
702
3,739
L
10/1/69
7-1/2#
Note
8/15/76-C
Eligible securities exchanged
Note
Bond _
Note _
Bond -
8/15/68-C
8/15/68
ll/15/68-D
2/
8-I/4#
4#
Note _
Bond -
8/15/71-F
8/15/71
5-5/8#
4#
Note
Bond -
2/15/69-A
2/15/69
5#
2-1/2#
6#
2-1/2#
Note
Bond _
Bond Note _
Bond -
8/15/72-E
8/15/72
9/15/67-72
ll/15/72-F
12/15/67-72
7.61
7.61
7.61
1-1/2#
4#
2-1/2#
Note
Bond _
Bond -
10/1/69-E0
10/1/69
12/15/64-69
Note _
Note _
Note -
11/15/70-A
2/15/73-C
4#
n / 15/68
6-1/2#
Note
8/15/76-G
2/15/73
6-1/4#
'Note
ll/15/76-D
f 9/8/71
^ 11/15/72
1,683
2,511
1,424
2,459
3,883
1,283
3,041
8/15/70
752
1,512
99.75
99.75
7.80
7.80
6-3/8#
4#
Note _
Bond -
8/15/70-D
8/15/70
8/15/73
2,264
234p
394p
2,027p
2,655p
99.07
99.07
99.07
7.92
7.92
7.92
8-1/8#
4#
2/
Note
Bond
8/15/73-B
8/15/73
633
3,109
1,446
602
841
509
1,067
8,207
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8#
7-3/4#
4-3/4#
6-3/4#
5#
3-7/8#
4#
Note
Note _
Note _
Note _
Note _
Bond Bond -
595
1,009
99.40
99.40
6.73
6.73
4-7/8#
2/
Note
11/15/70
1977
7-3/4#
Note
8/15/77-B
1978
6#
1979
6-5/8#
Note
II/I5/78-B
11/15/71
Note
ll/15/79-B
2/15/73
100.50
99.40
99.40
7.48
6*60
6.60
5#
6-1/2#
4-7/8#
101.14
100.18
5.98
6.20
2/
2/
1 ,604”
Fo'otnotes at end of table.
(Continued on following page)
.
-
2/15/73-C
11/15/71-6
ll/15/71-G
5/15/72-B
5/15/72-D
8/15/7&1E
II/15/7 I
8/15/72
2/15/73-D
November 1973
_
45
_
_
PUBLI C DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations - (Continued)
Description of securities
1950
4$
2/15/80 1/
Bond
Date of
financing
Amount issued
(In millions)
/ 1/23/59
\ 12/15/62
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
$99.00
99.50
99.50.
4.07%
4.04
4.04
2/
Series F&<> savings bonds
2/
2,636
2,585
2,043
7,265
99.29
99.29
99.29
7.00
7.00
7.00
7-3/4$
4-3/4%
2/
Note
Note
202
411
195
807
99.20
99.20
99.20
7.11
7.11
7.11
8-1/4%
4%
Note
Bond
8/15/71-F
8/15/71
505
100.60
6.34
2/
15
252
221
133
164
535
265
457
268
41
2,353
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5%
4$
2-1/2%
6%
2-1/2%
5-3/4$
3-7/8%
5-3/4$
5-7/8$
2/
Note
Bond
Bond
Note
Bond
Note
Note
Note
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11A5/74
2/15/75-A
2/15/75-E
1,135
100.50
3.22
2/
98
487
187
58
36
268
58
24
1,216
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8$
7-3/4$
4-3/4$
6-3/4$
5$
3-7/8$
4$
2/
Note
Note
Note
Note
Note
Bond
Bond
ll/15/71-B
ll/15/71-G
-5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
101.00
101.00
101.00
4.19
4.19
4.19
3-1/4$
2/
Note
Note
8/15/62-B
8/15/62-G
99.85
95.05
95.05
95.05
4.01
8.00
8.00
8.00
2/
8-1/8$
4$
2/
Note
Bond
8/15/73-B
8/15/73
Note
5/15/73-A
34
34
6-7/8%
Note
5/15/80-A
5/15/73
Bond
8/15/81
8/15/71
5/15/73-A
5A5/73-E
1981
7$
6-3/8%
1984
Bond
6-3/8%
Bond
1985
3-1/4%
Bond
2/15/82 1/
-
8/15/84
5/15/85
{
5/15/72
8/15/72
6/3/58
2/
1986
6-1/8%
Bond
11/15/86
11/15/71
Bond
8/15/87-92 1/
8/15/62
Bond
2/15/88-93
1/17/63
1987
4-1/4%
1988
4%
{
5
360
365
252
93p
333p
501p
926p
7-1/2%
Bond
8/15/88-93
8/15/73
1289
4-1/8%
Bond
5/15/89-94
I
4/18/63
300
100.55
4.09
2/
6-3/4%
Bond
2/15/93
1/10/73
627
99.50
6.79
2/
7%
Bond
5/15/93-98
5/15/73
40
652
“692“
98.75
98.75.
7.11
7.11
7-3/4$
2/
.1.9.93.
1/ Additional issue.
2/ Issued for cash.
*
p
Less than $500,000.
Preliminary.
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Treasury Bills 1/
(In millions of dollars)__________________________________________________
Allotments by investor classes
Issues
Date of
financ
ing
125
564
125
564
1,438
2,111
660
476
301
217
87
96
38
65
23
29
52
42
8
8
62
254
12
31
31
15
4
8
2,257
1,839
1,856
292
288
458
1,175
942
746
85
51
48
47
17
38
20
17
14
169
76
47
7
3
6
6
2
13
-
7,065
4,683
3,307
7,005
2,421
2,125
2,352
1,442
819
391
171
53
7
23
7
15
28
19
34
33
6 '
8
6
10
-
3,139
2,264
150
479
1,929
967
166
74
38
29
38
22
62
35
2/L5/72-C
5/15/74-D 8/
8/15/76-C ^
3,190
_
-
190
’*4,505
2,511
190
838
811
1,664
2,481
1,033
656
292
94
13
44
24
43
37
10
5/15/72-D
2,037
-
-
1,593
119
2
4
8/15/75-C
2/15/78-A
_
-
7,679
8,389
2,319
2,722
3,586
3,122
235
431
77
116
34
90
_
3,452
3,231
1,457
1,046
1,351
1,257
138
246
22
36
2,285
_
195
3,115
613
592
351
2,071
1,542
112
19
130
210
2,514
-
-
2,036
57
(8-1/4$ Note 2/15/70 <8-1/8$ Note |8$
Note -
8/15/71-F
8/15/73-B
2/15/77-A
(7-3/4$ Note - 11/15/71-G
5/15/70 <7-3/4$ Note - 5/15/73-A 8/
18$
Note - 2/15/77-A 8/
2/15/74-C
8/15/77-B
rt/ic /r/U
tr\ /7-3/4$ Note o/l?/
17-3/4$ Note 8/17/70
it
/itP//<7A
1±/±
/U
11/16/70
7-1/2$ Note /7-l/4$ Note V7-l/2$ Note 6-3/4$ Note -
2/15/71
/5-7/8$ Note U>-l/4$ Note -
5/15/71
(%
Note - 8/15/72-E
|5-3/4$ Note - 11/15/74-A £/
6/29/71 6$
. .
(%
8/15/71 17$
8/16/71
Note - 11/15/72-F
Note - 11/15/75-D
8/15/81
Bond -
6-1/2$ Note -
State and local
governments 6/
Pension
and re Other
tire
founds
ment
funds
6
150
11
276
37
3
11*
24
Insur
ance
compa
nies
2/15/71-D
5/15/71-E
5/15/73-A
8/15/76-C
Note
Note
Note
Note
Private
Mutual Corpo pension
sav
rations and re
ings
tirement
banks 5/
funds
Indi
vidu
als
4/
-
7-3/4$
(8$
10/1/69 <7-3/4$
17-1/2$
U.S. GovCommer
cial
banks
2/
Description of securities
8/15/69
Amount issued
In
exchange
For
for
other
cash
securi
ties
>
2,924
4,176
1,160
1,683
-
2/15/ 73 -C
-
3,679
-
accounts
and
Federal
Reserve
Banks 2/
Dealers , All
other
and
brokers u
537
240
136
380
184
381
65
56
125
97
77
86
241
345
245
105
64
1
1
2
297
90
55
270
157
146
364
311
65
6
20
2
6
167
47
335
513
248
72
78
61
40
18
13
7
3
4
2
110
193
22
269
343
392
325
205
77
11
3
*
4
198
104
91
98
22
133
8
123
260
496
714
631
334
424
13
26
30
38
13
26
3
4
93
93
177
263
135
196
2
59
8
3
35
9
8
37
8
2
9
2
*
3
2*
2
94
6
68
405
76
111
209
24
2
5
36
2
*
52
272
52
-
-
1,046
15
2
1
5
1
*
21
125
67
2,045
-
-
1,833
9
1
1
35
1
1
14
46
104
(4-7/8$ Note - 11/15/73-D
Note - ll/15/78-B
11/15/71 <6$
11/15/86
16-1/8$ Bond -
2,768
24
1,500
8,207
1,192
1,500
2,915
673
1,566
3,197
296
15
240
31
1
47
6
4
33
1
52
51
4
1
19
2
_
9
2
53
235
3
992
1,150
185
84
311
13
5/15/76-E
2/15/82
_
66
2,802
2,131'
420
554
1,446
777
85
221
23
79
26
29
36
27
5
- 21
1
26
85
46
558
296
1
•*
*
1
*
*
1
2
1
10
125
54
26
10
3
703
275
405
186
769
45
9/8/71
10/22/71*
6-1/4$ Note - 11/15/76-D
5-7/8$ Note -
a /-ic /no /5-3/4$ Note 2/15/72
16-3/8$ Bond -5/3/72
5-7/8$ Note -
2/15/75-E .
5/15/7 5-F
5/15/72
U - 3/4$ Note - 5/15/73-E
2/15/82 8/
\6-3/8$ Bond -
8/15/72
(5-7/8$ Note - 2/15/76-F
<6-1/4$ Note - 8/15/79-A
(6-3/8$ Bond 8/15/84
10/19/72
6$
Note _ 9/30/74-B
1,283
►
117
121
1,776
-
-
1,605
15
2,514
-
2,514
-
1,231
353
6
15
1
*
*
4
*
•*
24
1,279
505
4,945;
4,559,
2,312*
1,028
1,437
1,180
2,557
1,606
512
84
166
82
68
89
28
33
44
7
202
43
23
24
31
2
6
7
79
100
33
-
1,990
9
1
1
3
*
*
*
15
41
24
2
3
31
2
*
2
440
202
-
-
1
29
_
41
2,060
-
4
1
70
11/15/72
6-1/4$ Note - 11/15/76-D
3,041
-
105
2,230
12/28/72
5-7/8$ Note
- 12/31/74-F
2,102
-
-
2,062
6
*
3
1
*
1/10/73
6-3/4$ Bond
-. 2/15/93
627
-
-
291
40
29
6
42
2
*
1
214
V
71
23
16
*
5
*
59
1
17
*
*
*
68
21
273
296
104
112
111
14
3
1
2
*
49
'39
6
1
1
8
26
11
400
71
30
p/i ts/vi
16-1/2$, Note - 8/15/76-G
6-5/8$ Note - ll/l5/79-B
5/15/73 (6-7/8$ Note
\7$
Bond
- 5/15/80-A
- 5/15/93-98
1,009
3,883
595
1,392
595
1,878
556
2,043
652
5,221
40
5,275
1,320
_
140
Source:
Based on subscription and allotment reports. For detail Of
offerings see Table PD0-4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of non
marketable 2-3/4$ Treasury bonds, Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Includes trust companies and stock savings banks.
y Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
102
y
346
Consists of trust, sinking,and investment funds of State and local
governments and their agencies.
1/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
* Less than 3^00,000.
47
November 1973
____________________ ___________ PUBLIC DEBT OPERATIONS_____________________________
Table PDO-6. - Allotments by Investor Classes on Subscriptions for, Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series
(In millions of dollars)
Total amount issued
Date of
maturity
Date of
financing
Average
rate
One-year
series
9-month
series
1/
Tax antic
ipation
series
(Percent)
r 12/22/69
3/23/70
* 4/30/70
7/31/70
* 5/31/70
8/31/70
6/30/70
9/30/70
4/22/70
6/22/70
7/31/70
10/31/70
> 4/22/70
6/22/70
k 8/31/70
11/30/70
" 9/30/70
12/31/70
" 10/31/70
1/31/71
* 11/30/70
2/28/71
4/22/70
9/22/70
12/31/70
3/31/71
1/31/71
4/30/71
2/28/71
5/31/71
* 3/31/71
L. 6/30/71
3/22/71
4/22/71
4/30/71
7/31/71
5/31/71
8/31/71
J 6/30/71
^ 9/30/71
6.843
6.814
7.353
7.277
7.068
7.079
6.452
6.504
6.467
6.380
6.510
6.396
6.237
6.216
5/31/71
6/22/71
7/31/71
10/31/71
8/31/71
11/30/71
9/30/71
12/31/71
* 10/31/71
1/31/72
* 11/30/71 (
2/29/72
4/22/71
*
12/31/71
3/31/72
1/31/72
4/30/72
2/29/72
5/31/72
5.970
6.153
6.072
5.084
5.010
4.949
4.886
4.269
4.249
3.691
3.675
3.671
3.507
3.587
4.403
4.422
4.688
4.790
6/30/71
’
7/18/69
7/31/69
8/31/69
9/30/69
on
\qD> \D
IHo foH
10/31/69
11/26/69
11/30/69
12/31/69
1/31/70
2/28/70
3/3/70
3/26/70
3/31/70
4/30/70
5/31/70
6/30/70
7/8/70
7/23/70
7/31/70
8/31/70
9/30/70
10/21/70
10/31/70
11/30/70
12/31/70
1/31/71
2/28/71
3/30/71
3/31/71
4/30/71
Footnotes at end of table.
WM
6.775
7.202
7.407
7.313
7.387
7.340
7.357
7.350
7.284
7.204
7.244
7.127
7.014
7.975
7.777
7.591
7.801
7.561
7.724
7.533
6.995
6.932
6.549
6.177
6.101
6.132
- 5.425
5.567
1,763
1,752
1,202
1,201
1,005
500
Allotments by investor classes
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
•150
367
180
348
75
350
500
500
500
1,001
1,002
1,003
1,200
501
502
500
1,753 2/
1,758
1,201
1,200
1,200
1,201
500
500
500
501
2,517
2,261
1,202
1,204
1,202
500
501
501
2,515
1,201
1,201
1,201
1,199
1,201
501
501
501
500
501
2,001 2/
1,200
1,200
1,201
1,200
500
500
500
500
(Continued on following page)
i
3
1
12
12
7
1
8
168
391
97
309
266
190
2,004
2,971
161
128
1,002
1,497
61
228
157
305
77
215
106
151
1,745
1,749
133
317
176
303
141
179
145
324
2,483
2,256
-
-
*
11
201
450
:
-
*
27
10
2
16
14
11
2
254
336
194
318
:
-
l
21
*
2
12
22
6
19
194
438
170
398
164
546
170
396
-
-
*
*
All
other 4/
29
27
10
83
21
110
20
17
11
15
5
22
_
252
41
159
454
153
446
-
162
409
125
317
150
373
200
377
205
427
200
498
252
562
.200
484
1
17
10
38
11
12
11
26
10
21
11
6
34
*
7
8
11
152
358
188
419
119
560
119
393
123
385
1,180
162
414
10
360
226
435
125
473
195
324
5
21
124
229
51
153
139
287
116
259
200
328
150
269
500
1,733
1,722
171
349
190
427
139
322
Dealers
and
brokers
49
59
160
216
224
250
2,510
167
304
160
339
211
211
133
246
137
310
798
127
209
65
233
15
250
125
312
1,007 5/
1,504 2/
Corpo
rations
y
19
135
3
33
13
102
5
7
47
123
23
118
25
180
32
178
8
9
47
146
29
161
58
138
55
129
33
5
9
638
15
105
19
101
5
19
113
18
88
10
45
37
157
26
58
12
5
45
173
38
51
21
2,007
3,004
1,003
Commer
cial
banks
_
126
279
125
336
125
315
125
333
170
447
156
414
100
383
_
184
266
201
600
48
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series - (Continued)
(In millions of dollars)
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
9-month
series
1/
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
7/6/71
7/31/71
8/31/71
9/31/71
10/31/71
11/30/71
12/1/71
12/13/71
12/29/71
12/31/71
1/31/72
2/29/72
3/31/72
4/30/72
5/31/72
6/30/72
7/31/72
8/31/72
9/30/72
10/31/72
11/24/72
11/30/72
12/5/72
12/31/72
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
8/15/73
8/28/73
9/25/73
10/9/73
9/21/71
5.033
4/30/72
5.944
7/31/72
5.953
* 5/31/72
5.090
8/31/72
5.125
6/30/72
5.242
9/30/72
5.279
> 7/31/72
4.496
10/31/72
4.490
8/31/72
4.580
11/30/72
4.563
4/21/72
4.558
6/21/72 '
4.273
4/21/72
3.846
6/21/72
4.056
3.930
^ 9/30/72
12/31/72
3.927
"10/31/72
3.891
3.936
1/31/73
*11/30/72
3.862
4.091
2/28/73
r12/31/72
4.512
4.661
3/31/73
“1/31/73
4.234
4.362
4/30/73
4.367
* 2/28/73
. 4.466
5/31/73
" 3/31/73
4.754
6/30/73
4.853
4.723
* 4/30/73
4.918
7/31/73
5.040
* 5/31/73
5.178
8/28/73
5.346
* 6/30/73
5.529
^ 9/25/73
5.223
" 7/31/73
5.318
10/23/73
4.721
4/20/73
5.225
11/20/73
5.089
6/22/73
5.337
12/18/73
5.986
1/15/74
6.050
2/12/74
6.616
3/12/74
6.598
4/9/74
6.818
5/7/74
7.235
6/4/74
8..392
7/2/74
9.803
9/19/73
8.387
8/27/74
8.057
9/24/74
7.702
7/30/74
1,752
175
540
250
407
175
425
150
517
200
345
500
1,200
500
1,201
500
1,200
1,201
-
501
1,202
'
500
2,506
2,010
1,526 5/
1,016 5/
1,200
1,200
1,200
1,201
1,200
1,200
1,201 *
1,201
_
-
501
150
468
150
558
125
424
150 ,
543
150
695
175
553
150
496
75
627
73
194
140
654
125
578
500
500
501
500
501
501
500
501
1,803
1,801
1,802
1,802
1,800
1,804
1,801
1,790
1,802
1,800
1,801
1,802
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
500
501
2,012
609
2,510
728
747
745
760
715
500
625
727
2,017
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
l/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under thie unified budget concept.
2J Exclusive of banks and insurance companies.
1,805
1,802
1,804 6/
y
%
421
639
Commer
cial
banks
1,748
215
319
56
360
136
217
147
200
192
392
2,090
2,004
1,520
1,012
128
198
68
334
103
345
112
297
151
271
50
342
149
412
107
199
76
953
109
594
186
504
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458r
338r
1,275
Corpo
rations
2/
Dealers
and
brokers
-
-
6
15
5
21
20
46
1
2
11
21
94
219
184
374
148
464
182
442
80
411
400
_
-
-
10
11
*
12
5
10
15
16
109
482
216
244
123
384
135
232
*
*
10
6
11
10
12
*
1
*
5
*
2
75
4
2
4
3
17
1
6
5
2
5r
5
40
•83
210
185
270
126
241
173
337
165
608
135
408
160
632
73
499
585
313
382
474
135
255
544
276
584r
548
44
All
other 4/
4
11
109
5
38
21
49
20
39
17
32
16
6
6
4
104
41
66
52
144
37
89
113
116
24
91
25
70
41
135
26
187
47
116
140
30
86
8
455
1
177
222
138
207
420
412
297
235
73
337r
272r
445
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
Reopening of earlier issue.
42-week issue.
Lelss than $500,000.
r Revised.
November 1973
49
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Called or maturing securities 1/
Date of
refunding
or retire
ment
Description
Disposition offers
by Treasury
Issue
date
Amount
out
standing
Results of ex
change offers
Cash
Exchange
Ex
retire
security
changed
ment
offered
(^n millions of do! lars)
1,202 1 3/
500 J *
7.313# Bill
7.244# Bill -
7/31/70
7/31/70
7/31/69
7/31/69
1,202
6-3/8# Note -
8/15/70
5/15/69
2,329
2,329
Bond -
8/15/70
6/20/63
4,129
4,129
1,272
7521,868*
1,512
Total..
7.340# Bill
7.777# Bill 6.177# Bill 7.350# Bill _
7.801# Bill 1-1/2# Note 7.127# Bill
7.724# Bill Note 5#
6,458
5,404
8/31/70
8/31/70
9/23/70
9/30/70
9/30/70
10/1/70-E0
10/31/70
10/31/70
11/15/70-A
8/31/69
8/31/69
3/26/70
9/30/69
9/30/69
10/1/65
10/31/69
10/31/69
2/15/66
1,201
l,20l\
501 j •
1,758 .
1,005 \
500 J
113
1.003
502
7,675
113
1.003
502 J ■
7,675
7,016
11/30/70
_
7.591# Bill
6.995# Bill -
11/30/70
11/30/70
11/30/69
11/30/69
1,001
500
'500 J
12/31/70
7.561# Bill _
6.101# Bill -
12/31 70
12/31/70
12/31/69
12/31/69
1,002
500
1,002 ^
500 J
_
7.533# Bill
6.843# Bill -
1/31/71
1/31/71
1/31/70
1/31/70
1.003
500
1.003 1
500 J
V 3/8# Note -
2/15/71-C t
8/30/67
2,509
2,509
7-3/4# Note -
2/15/71-D
8/15/69
2,924
2,924
1,070
1,086
1,028
7/31/70
8/15/70
4#
8/31/70
9/23/70
9/30/70
10/1/70
10/31/70
11/15/70
1/31/71
500
6,458
501
1,758
1,005
500
2-1/2# Bond -
3/15/71
12/1/44
1,219
1,219
5-3/8# Note -
11/15/71-B
11/15/66
1,734
1,734
7-3/4# Note -
ll/15/71-G
5/15/70
10,743
10,743
Bond -
11/15/71
5/15/62
2,760
2,760
4-3/4# Note -
2/15/72-A
2/15/67
2,006
2,006
7-1/2# Note -
2/15/72-C
8/17/70
3,375
3,375
Bond -
2/15/72
11/15/62
2,344
2,344
1,321
306
749
1,055 5/
660
353
575
315'
635
’
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
326 “
441
2,427
2,480
(
7-3/4#
7-3/4#
7-3/4#
7-3/4#
3,139
2,264
Note
C-1974
Note
B-1977
Note
C-1974
Note
B-1977
of Note C-1974
of Note B-1977
4,505 of 7-1/4# Note D-1974
2,511 of 7-1/2# Note C-1976
5-7/8#
6-1/4#
5-7/8#
6-1/4#
5-7/8#
6-1/4#
5-7/8#
6-1/4#
5-7/8#
6-I/4#
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
5-7/8#
6-1/4#
5-7/8#
6-1/4#
5-7/8#
6-I/4#
Note
Note
Note
Note
Note
Note
_
-
_
-
_
-
_
-
-
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
2/15/71
>7/8#
4#
Total..
2/28/71
6.932# Bill
7.353# Bill -
2/28/71
2/28/71
2/28/70
2/28/70
1,200
3/15/71
2-1/2# Bond -
3/15/71
12/1/44
269
3/22/71
6.452# Bill -
3/22/71
7/8/70
2,517
3/31/71
'6.132# Bill _
7.068# Bill -
3/31/71
3/31/71
3/31/70
3/31/70
1,201
4/1/71
1-1/2# Note -
4/1/71-EA
4/1/66
35
4/22/71
6.504# Bill
3.671# Bill -
4/22/71
4/22/71
7/23/70
3/30/71
2,261
4/30/71
*6.814# Bill
6.467# Bill -
4/30/71
4/30/71
4/30/70
4/30/70
1,200
Footnotes at end of Table.
29,614
29,614
500
501
2,001
500
1,200 ^
500 J 1/
1,201^
501J
35
2,261^
2,001 J
1,200 ^
500 J
(Continued on following page)
893
786
600'
606
387'
304
634'
730
16,067
5-7/8# Note
6-I/4# Note
928
7,679
8,389
-
_
-
_
_
-
of 5-7/8# Note
of 6-I/4# Note
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
50
Treasury bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities l/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
Disposition offers
by Treasury
Cash
retire
ment
(In
Results of ex
change offers
Exchange
security
changed
offered
millions of dollars)
U-i/u%
Note
-
5/15/71-A
8/L5/66
4,265
4,265
f^ 1,860
1,780^1
j
626
'5$
[^5-3/4$
Note
Note
-
E-1972
E-1974
|s$
Note
-
5/15/71-E
10/1/69
4,176
4,176
f 1,672^1
^ 1,371 J
1,133
f 5$
i5—3/4$
Note
Note
-
E-1972
A-1974
8,442
8,442
6,682
1,759
f3,452 of 5$ Note
I3,231 of 5-3/4$ Note
5/15/71
Total.,,
1,200 3/
5/31/71
[7.277%
\6.510%
Bill
Bill
-
5/31/71
5/31/71
5/31/70
5/31/70
1,200
6/22/71
5.970)6
Bill
-
6/22/71
10/21/70
2,515
6/30/71
[7.079%
\6.23756
Bill
Bill
-
6/30/71
6/30/71
6/30/70
6/30/70
1,201
7/31/71
/ 6 .380$
\j6.15356
Bill
Bill
-
7/31/71
7/31/71
7/31/70
7/31/70
1,202
a%
Bond
-
8/15/71
3/1/62
2,806
2,806
\_8-l/4$
Note
-
8/15/71-F
2/15/70
2,257
2,257
1,708
411,
1,407
202
649
5,063
5,063
3,727
1,336
1,081
509
268
304
8/15/71
Total..,
501
501
501
8/31/71
[6.396%
^5.048$
Bill
Bill
-
8/31/71
8/31/71
8/31/70
8/31/70
1,204
501
1,204^ 3/
501
9/21/71
5.033)6
Bill
-
9/21/71
7/6/71
1,752
1,752W
9/30/71
[6.2X9%
^4.949$
Bill
Bill
-
9/30/71
9/30/71
9/30/70
9/30/70
1,202
501
1,202^1 /
501 >-2/
10/1/71
1-1/2S6
Note
-
10/1/71-E0
10/1/66
72
72
10/31/71
[ 6.072$
\j4.369$
Bill
Bill
-
10/31/71
10/31/71
10/31/70
10/31/70
1,201
l,20l)
500j\ y
>7/856
Bond
-
11/15/71
5/15/62
1,081
-
11/15/71
Note
-
ll/15/71-B
11/15/66
967
-
967
7-3/456
Note
-
ll/15/71-G
5/15/70
5,836
-
5,836
J 4-3/4%
Note
-
5/15/72-B
5/15/67
5,310
-
5,310
6-3/4%
Note
-
5/15/72-D
11/16/70
2,037
-
2,037
4%
Bond
-
8/15/72
9/15/62
2,579
-
2,579
-
.8/15/72-E
5/15/71
-
-
11/30/71
11/30/71
12/31/71
12/31/71
1/31/72
1/31/72
2/15/72-A
11/30/70
11/30/70
12/31/70
12/31/70
1/31/71
1/31/71
2/15/67
Note
-
2/15/72-C
8/17/70
2,690
Bond
-
2/15/72
11/15/62
Note
Bond
Note
Bond
7/7/_
7/7/-
2/15/74-C
2/15/74
5/15/74-D
5/15/74
8/15/70
1/15/65
11/15/70
5/15/64
Note
Total,,
11/30/71
r5 .OIO56
3.691$
12/31/71
4.88656
3.50756
”
4.249)6
4.403)6
■4-3/4%
7-1/216
2/15/72
500
5-3/8$
556
1/31/72
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
<4$
7-3/4%
4-1/8$
7-1/4$
4-1/4%
Bill
Bill
Bill
Bill
Bill
Bill
Note
Total..,
Footnotes at end of table.
-
3,452
633
98
‘3,109'
487
f1,446*
187
( n 7)
f -s)
21,262
-
21,262
9,399
1,201
l,20f
501 .1 /
1,201*
500 ,1 /
500
1,199
500
800
2,240 6/
602
3,452
501
237
I
-
1,201
687
7$
7$
*7$
7$
Note
Bond
Note
Bond
D-1975
8/15/81
D-1975
8/15/81
3,115 of 7$ Note
612 of 7$ Bond
[6%
I 6-1/8#
( 6$
i 6—l/8$
f 6$
[ 6-1/8$
Note
Bond
Note
Bond
Note
Bond
r 6$
6-1/8$
"6$
6-1/8$
Note
Bond
Note
Bond
[6%
^ 6-1/8$
Note
Bond
_
-
_
-
_
-
_
-
_
_
-
Note
Bond
’
8,207 of 6$ Note
1,192 of 6-l/8$ Bond
6-1/8)6
2,781
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/36
B-1978
11/15/86
B-1978
11/15/86
’
,1,199*
500
j
800
f 5-3/4$
\ > 3/856
Note
Bond
2,690
f 5-3/4$
16-3/8$
980
980
f 5-3/4$
i 6-3/8%
Note
Bond
Note
Bond
3,139
3,125
4,505
3,577
3,139
3,125
4,505
3,577
18,816
18,816
(Continued on ‘
following page)
-
_
-
_
-
_*/
4,933
1,264
I 2,802 of 5-3/4$ Note
I2,131 of 6-3/8$ Bond
E-1976
2/15/82
E-1976
2/15/82
E-1976
2/15/82
November 1973
51
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities l/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
Cash
retire
ment
2/29/72
2/29/72
2/28/71
2/28/71
1,201
500
3/31/71
3/31/71
1,200
-
3/31/72
3/31/72
1-1/2% Note
-
4/1/72-EA
4/1/67
34
4.558% Bill
3.846% Bill
_
4/21/72
4/21/72
12/1/71
12/1/71
2,506
2 ,5 0 6 * 1
1,526
l,5 2 6 j
4/30/72
4.422% Bill
5.944% Bill
_
4/30/71
4/30/71
1,201
l ,2 0 l ]
-
4/30/72
4/30/72
5/15/72
4-3/4% Note
6-3/4% Note
-
5/15/72-B
5/15/72-D
5/15/67
11/16/70
3,676
1,377
1 ,2 9 4 ^
5/31/71
5/31/71
1,201
1 ,2 0 1 * 1
3.675% Bill
4.688% Bill
3/31/72
3.587% Bill
5.425% Bill
_
4/1/72
4/21/72
-
-
-
500
501
4.790% Bill
5.090% Bill
_
-
5/31/72
5/31/72
6/15/72
2-1/2% Bond
-
6/15/72
6/1/45
1,226
6/21/72
4.273% Bill
4.056% Bill
_
6/21/72
6/21/72
,12/13/71
'12/13/71
2,010
6/30/72
5.567% Bill
5.242% Bill
_
7/31/72
{ 4.496% Bill
5.953% Bill
_
{
5%
4$
Note
-
8/15/72
1,016
500J
k
34
501j
l,2 4 5 j
500j
k
k
[2/
( i/
1 ,2 2 6
2 ,0 1 0 * 1
1 ,0 1 6 j
|V
7/31/72
7/31/72
7/31/71
7/31/71
1,202
_
8/15/72-E
5/15/71
2,574
2,574
232
1,453
1,453
379
Bond
8/15/72
9/15/72
Note
ll/15/72-F
2-1/2% Bond
12/15/72
11/15/74
9/15/62
10/20/41
6/29/71
11/15/45
500
1 ,2 0 2 ^
500
Ji/
k
1,951
Note
Note
Bond
(5-7/8%
<6-1/4%
|6-3/8%
Note
Note
Bond
-
(5-7/8%
<6-1/4%
\6-3/8%
Note
Note
Bond
_
f 630
( 197
1 133
(5-7/8%
<6-1/4%
|6-3/8%
Note
Note
Bond
-
2,547
J
805
\ *223
^ 165
(5-7/8%
<6-1/4%
|6-3/8%
Note
Note
Bond
-
Note
Bond
-
1,951
2,285
2,285
2,547
11/15/67
7,212
7,212
^
535
/6-l/4%
(6-3/8%
12/2/57
2,236
2,236
f
^
756
265
/6-l/4%
(6-3/8%
Note
Bond
-
-
-
_
_
-
_
_
5-3/4% Note 7/ -
2/15/74-A
2/15/68
5,148
5,148
f 677
^ ,457
f6-l/4%
(6-3/8%
Note
Bond
_
5-7/8% Note 7/ -
2/15/75-E
10/22/71
2,045
2,045
/6-l/4%
(6-3/8%
Note
Bond
_
i 268
27,451
27,451
11,816
5.125% Bill
8/31/72
8/31/72
8/31/71
8/31/71
2-1/2% Bond
9/15/72
10/20/71
"5.279% Bill
3.930% Bill
9/30/72
9/30/72
9/30/71
9/30/71
10/1/72
1-1/2% Note
- 10/1/72-E0
10/1/67
33
10/31/72
4.490% Bill
3.891% Bill
10/31/72
10/31/72
10/31/71
10/31/71
1,200
500
1,200^/
500
11/15/72
6%
Note
"4.563% Bill
^ 3.862% Bill
11/15/72-F
6/29/71
1,326
1,326 2/
11/30/71
11/30/71
1,201
1,201}3/
50l)
11/30/72
(5-7/8*
<6-1/4*
\6-3/8%
r 1,235
Total.
9/30/72
132
-
'3-7/8% Bond 7/ -
9/15/72
2,382
1,200
500
Description of new
securities offered
(See also Table PDO-4)
k
6/30/71
6/30/71s
5-3/4% Note 2/ - 11/15/74-A
8/31/72
Ex
changed
Turned
in for
cash 2/
6/30/72
6/30/72
-
2-1/2% Bond
6%
500
500j
Exchange
security
offered
1 ,2 0 0 * 1
O O
5/31/72
1 ,2 0 1 ]
538
2/29/72
Results of ex
change offers
Disposition offers
by Treasury
( 4.580% Bill
Footnotes oa following page.
11/30/72
11/30/72
500
1,200 \
500 J
454P
454P
1,200
1,201
501
501
1,201^1
501 j
33
(Continued on following page)
612
-
5-7/8% Note
|4»945
<4,559 of 6-1/4% Note
(2,312_ of 6-3/8% Bona
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
A-1979
8/L5/84
A-1979
8/15/84
A-1979
8/15/84
A-1979
8/15/84
52
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills - (Continued)
Date %£
refunding
or retire
ment
12/15/72
_________________________ (Dollar amounts in millions)______ ____________________
Disposition offers
Called or maturing securities 1/
Results of ex
change offers
by Treasury
Mount
Exchange
Cash
Issue
out
Description
security
Exchanged Turned
retire
date
in for
standing
offered
ment
cash 2/
l,35lp
12/15/72 11/15/45
2.1/2# Bond
2/28/73
2/28/73
3/31/73
3/31/73
4/1/73-EA
4/20/73
4/?0/73
4/30/73
5/15/73-A
5/15/73-E
5/31/73
5/31/73
12/31/71
12/31/71
1/31/72
1/31/72
8/16/71
11/15/71
2/29/72
2/29/72
3/31/72
3/31/72
4/1/68
11/24/72
4/30/72
4/30/72
10/1/69
5/15/72
5/31/72
5/31/72
5.089# Bill
r4.853# Bill
[ 5.346# Bill
6/22/73
6/30/73
6/30/73
12/5/72
6/30/72
6/30/72
2,510
1,201
500
7/31/73
A . 918# Bill
\^5.223# Bill
7/31/73
7/31/73
7/31/72
7/31/72
1,201
501
8/15/73
f 8-1/8# Note
I
4# Bond
8/15/73-B
8/15/73
2/15/70
9/15/63
1,839
3,894
8/28/73
5.178# Bill
8/28/73
8/31/72
1,803
9/19/73
9.803#;Bill
:
9/19/73
8/15/73
2,017
9/25/73
5.529#;Bill
;
9/25/73
9/30/72
1,801
10/1/73
10/17/73
11/15/73
1-1/2# Note
5.318# Bill
4-1/8# Bond
10/1/73-E0
10/23/73
11/15/73
10/1/68
10/31/72
7/22/64
30
1,802
4,336
1/31/73
2/15/73
1 3.927#
14.512#
J 3.936%
14.234#
J6-1/2#
14-7/8#
2/28/73
3/31/73
4/1/73
4/20/737
4/30/73
5/15/73
5/31/73
6/22/73
6/30/73
^4.661#
^4.754#
1-1/2#
4.721#
f 4.362#
14.731#
*7-3/4#
4-3/4#
"4.465#
5.040#
Footnotes on following page.
12/31/72
12/31/72
1,200
501
Bill
Bill
Bill
Bill
Note
Note
Bill
Bill
Bill
Bill
Note
Bill
Bill
Bill
Note
Note
Bill
Bill
12/31/72
1/31/73
1/31/73
2/15/73
2/15/73
1,200
500
501*
1,2001
500/
2,514
4,268
2,514
4,268
1,200
501
1,2001
501/
1,201
501
34
2,012
1,200
500
5,844
3,792
2,012 ■
2,663 12,
2,598 12
1,200
500
325 M
728 1£
576 16
1,425
2,458
1,089
1,810 11/
Description of new
securities offered
(See also Table PDO-4)
November 1973
53
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-7
Source: Daily Treasury statement and Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2/ Rolled over into new bills, (see Table PDO-4).
ij Tax anticipation issue: for detail of offerings beginning July 1970,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Notes" below.
j5/ Of this amount $10 million of the 6-3/8$ notes and $180 million of
the 4$ bonds were exchanged by Federal Reserve banks and Government
accounts for 7-1/2$ notes of Series C-1972. Other holders of the
maturing securities were not given preemptive rights to exchange
their holdings for the 7-1/2$ notes.
6/ Federal Reserve banks and Government accounts exchanged $1,500
million of the notes for 4-7/8$ notes issued November 15, 1971.
2/ Subscribers exchanging these securities may elect, for Federal
income tax purposes, to recognize gain or loss on account of the
exchange either in the taxable year of the exchange or ''except to
the extent that cash is received) in the taxable year of disposition
or redemption of the securities received in the exchange. Any gain
to the extent that cash was received by the subscriber (other than
as an interest adjustment) must be recognized in the year of the
exchange.
8/ The four securities due -in 1974 were eligible to be exchanged only
for the 6-3/8$ bonds.
2/ Public holders of these securities were not given preemptive rights
to exchange them but they could be used in payment for new securities
allotted.
10/ Exchanged by Federal Reserve banks and Government accounts for 4-3/4$
notes issued May 15, 1972.
11/ Of this amount $595 million was exchanged by Federal Reserve banks
and Government accounts for 6-5/8$ notes of Series B-1979. Other
holders of the maturing notes were not given preemptive rights to
exchange their holdings for the 6-5/8$ notes.
12/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 6-7/7$ notes of Series A-1980 and $40 million of 7$ bonds
of 1993-98 issued May 15,1973.
13/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8$
notes of Series A-1980 issued May 15, 1973.
14/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4$ notes of Series B-1977 and $92 million of 7-1/2$
bonds of 1988-93 issued August 15, 1973.
15/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4$ notes of Series B-1977 and $233 million of 7-1/2$
bonds of 1988-93 issued August 15, 1973.
16/ Exchanged by Federal Reserve banks and Government accounts for $220
million of 7$ notes of Series C-1979, $220 million of 7$ notes of
Series H-1975 and $136 million of 7-i$ bonds of 1988-93 issued
November 15, 1973.
p Preliminary.
Note: Information on retirement of tax anticipation issues referred to
in footnote 4. in millions of dollars:
Date of
retirement
Securities
9/23/70
3/22/71
Bill
Bill
4/22/71
Bill
6/22/71
9/21/71
Bill
Bill
4/21/72
Bill
Total
amount
retired
1,758
2,517
2,261 \
2,001 J
2,515
1,752
6/21/72
Bill
' 4,033
3,026
4/20/73
6/22/73
9/19/73
Bill
Bill
Bill
2,012
2,510
2,017
Redeemed
for
taxes
Redeemed
for
cash
750
457
1,008
2,060
957
3,305
1,158
1,357
899
853
3,010
1,092
1,023
912
1,687
1,934
494
1,100
823.
1,523
54
Treasury Bulletin
.PUBLIC DEBT OPERATION S.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions o f Foreign Countries
(Payable in U.S, Dollars; dollar amounts in millions)
Month of
Activity
Securities
Certificates of indebtedness
1972-July.
Notes
Certificates of indebtedness
Aug.
Notes
i
Issue
date
Maturity
date
Interest
rate
(Percent)
4/3/72
4/4/72
4/4/72
4/7/72
4/7/72
4/10/72
4/21/72
4/28/72
5/17/72
5/30/72
6/1/72
6/28/72
7/3/72
7/3/72
7/6/72
7/6/72
7/7/72
7/7/72
7/7/72
7/10/72
7/17/72
7/17/72
7/18/72
7/18/72
7/18/72
7/18/72
7/18/72
7/19/72
7/19/72
7/19/72
7/20/72
w 7/28/72
7/3/72
7/3/72
7/3/72
7/7/72
7/7/72
7/10/72
7/20/72
7/28/72
8/17/72
8/30/72
9/1/72
9/28/72
10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/18/72
10/18/72'
10/19/72
10/19/72
10/19/72
10/20/72
10/27/72
3.85
3.80
3.80
3.80
3.80
3.80
3.85
3.55
3.70
3.80
3.80
4.05
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.10
4.10
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
6/17/71
6/24/71
7/7/71
7/14/71
7/7/72
7/14/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
c 7/20/72
7/20/72
7/20/72
7/7/72
7/14/72
7/7/77
7/14/77
3/22/76
3/22/77
9/22/77
3/22/78
9/22/78
5/15/79
7/16/79
10/18/73
5.85
5.85
6.05
5.80
5.90
5.875
5.75
5.90
5.90
5.95
5/4/72
5/10/72
5/L2/72
5/12/72
5/16/72
5/17/72
5/17/72
5/17/72
5/17/72
5/18/72
5/18/72
5/54/75
5/25/72
5/30/72
7/19/72
8/4/72
8/10/72
8/11/72
8/11/72
8/14/72
8/14/72
8/15/72
8/16/72
8/16/72
8/16/72
8/17/72
8/17/72
8/17/72
8/18/72
8/18/72
8/24/72
8/25/72
8/30/72
8/4/72
8/10/72
8/11/72
8/11/72
8/16/72
8/17/72
8/17/72
8/17/72
8/17/72
8/18/72
8/18/72
8/24/72
8/25/72
8/30/72
10/19/72
11/3/72
11/10/72
11/13/72
11/13/72
11/14/72
11/14/72
11/15/72
11/16/72
11/16/72
11/16/72
11/17/72
11/17/72
11/17/72
11/17/72
11/17/72
11/24/72
11/24/72
11/30/72
3.60
3.50
3.50
3.50
3.70
3.70
3.70
3.70
3.70
3.70
3.70
5785
3.85
3.80
3.95
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
4.05
4.35
7/22/71
7/29/71
8/24/72
8/24/72
8/24/72
11/29/73
5.94
6.15
5.05
Amount
Issued
557
15
75
30
44
100
40
25
405
50
300
15
632
270
50
350
30
44
70
250
17
450
417
24
83
31
193
91
40
25
350
417
200
200
6.10
200
(Continued on following page)
270
100
100
200
200
5.00
6.00
878
100
500
500
500
500
500
500
500
6.05
Retired
55
105
70
50
20
10
258
350
100
35
600
35
30
100
55
105
70
50
a
8
20
15
20
18
2
10
275
100
35
600
35
30
100
100
100
200
Total outstanding
end of month
55
November 1973
____________________________ ___________ PUBLIC DEBT OPERATIONS_________________________________________
T able PDO-8. - Foreign Series S ecu rities (Nonmarketable)
Issued to O ffic ia l In stitu tion s o f Foreign Countries - (Continued)
(Payable in U.S. Dollars; dollar amounts in millions)
Manth of
Activity
Issue
date
Maturity
date
Interest
rate
(Percent)
6/20/72
6/20/72
6/23/72
6/26/72
7/18/72
7/19/72
8/11/72
8/14/72
8/16/72
9/20/72
9/20/72
9/25/72
9/26/72
8/26/71
9/15/72
9/21/72
7/3/72
7/3/72
7/6/72
7/7/72
7/7/72
7/10/72
7/17/72
7/17/72
7/18/72
7/18/72
7/18/72
7/18/72
7/18/72
7/19/72
7/19/72
7/20/72
7/28/72
8/17/72
10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
9/20/72
9/20/72
9/25/72
9/26/72
10/18/72
10/19/72
11/13/72
11/14/72
11/16/72
12/20/72
12/20/72
12/26/72
12/26/72
9/21/72
3/15/77
12/27/73
10/3/72
10/3/72
10/6/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
11/17/72
1/3/73
1/3/73
1/5/73
1/5/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/18/73
1/19/73
1/19/73
1/19/73
1/26/73
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.65
4.65
4.65
4.65
5.40
2.50
5.60
4.15
4.15
4.15
4.15
4.15
4.15
4.10
4.10
3.95
3.95
3.95
3.95
3.95
3.95
3.95
3.95
4.05
3.95
4.60
4.60
4.60
4.60
4.60
4.75
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.85
4.75
f 9/23/71
^ 10/26/72
10/26/72
1/24/74
5.40
5.60
11/3/72
11/10/72
11/13/72
11/14/72
11/15/72
11/16/72
11/16/72
11/17/72
11/17/72
11/17/72
11/17/72
11/17/72
11/24/72
11/25/72
11/30/72
1/3/73
1/5/73
2/2/73
2/9/73
2/13/73
2/14/73
2/15/73
2/16/73
2/16/73
2/16/73
2/16/73
2/16/73
5/17/73
2/23/73
5/30/73
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3U9S
3.95
3.95
3.95
3.95
4.05
4.05
4.35
4.60
4.60
4.80
4.70
4.70
4.80
4.80
4.80
4.80
4.80
4.80
4.80
' 5.10
4.80
5.20
Securities
-
Certificates of indebtedness />
1972-Sept..............
Notes
<
Certificates of indebtedness <
Oct...............
Notes
r
f
8/4/72
8/10/72
8/11/72
8/14/72
8/15/72
8/16/72
8/16/72
8/17/72
8/17/72
8/17/72
8/18/72
8/18/72
8/24/72
8/25/72
/ Certificates of indebtedness < 8/30/72
10/3/72
10/6/72
11/3/72
11/10/72
11/13/72
11/14/72
11/15/72
11/16/72
11/16/72
11/17/72
11/17/72
11/17/72
11/17/72
11/24/72
V* 11/30/72
(Continued on following page)
Amount
Issued
_
_
_
-
_
_
_
564
Retired
564
362
728
159
30
50
50
362
_
200
157
200
_
-
-
-
-
15
632
30
50
44
100
250
70
120
11
-
_
15
50
30
44
100
250
70
300
120
17
24
83
31
193
40
25
40
-
195
40
25
-
200
_
_
_
_
_
_
_
_
_
_
55
105
70
20
15
20
18
10
35
115
706
55
100
>19,304
10
-
-
4
632
25
26
>19,745
8
2
_
_
728
159
Total outstanding
end of month
N
-
200
-
55
105
70
20
15
20
18
10
100
235
35
600
35
30
100
5
50
>19,120
_
_
_
_
_
_
_
_
5
J
56
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 amounts in millions)
Month, of
activity
1972-Dec.
Securities
(Certificates of indebtedness
fetes
1973-Jan.
(Certificates of indebtedness
Notes
Feb.
/Certificates of indebtedness
Notes
Mar.
< Certificates of indebtedness
Issue
date
Maturity
date
Interest
rate
(Percent)
6/28/72
9/20/72
9/20/72
9/25/72
9/26/72
10/6/72
11/17/72
11/24/72
12/20/72
12/20/72
12/20/72
12/26/72
’6/27/68
12/28/72
12/20/72
12/20/72
12/26/72
12/26/72
1/5/73
2/16/73
2/23/73
3/20/73
3/20/73
6/20/73
3/26/73
12/27/72
4.50
4.65
4.65
4.65
4.65
4.60
4.80
4.80
5.10
5.10
5.30
5.15
5.70
‘10/3/72
10/6/72
10/6/72
10/10/72
10/17/72
10/17/72
10/18/72
10/18/72
10/18/72
10/19/72
10/19/72
10/20/72
10/27/72
1/3/73
1/3/73
1/5/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/19/73
1/19/73
1/26/73
1/3/73
1/5/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/18/73
1/19/73
1/19/73
1/19/73
1/26/73
4/3/73
7/3/73
4/5/73
4/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/13/73
4/19/73
4/19/73
4/26/73
4.60
4.60
4.60
4.75
4.85
4.85
4.85
4.85
4*85
4.85
4.85
4.85
4.75
7/1/68
7/2/68
10/28/71
1/15/73
1/25/73
1/2/73
1/2/73
1/2J5/73
7/15/77
4/25/74
6.00
6.00
11/3/72
n/lO/72
11/13/72
11/14/72
11/15/72
11/16/72
11/16/72
11/17/72
11/17/72
11/24/72
2/2/73
2/7/73
2/7/73
2/8/73
2/9/73
2/9/73
2/9/73
2/9/73
2/13/73
2/13/73
2/14/73
2/14/73
2/14/73
2/16/73
2/16/73
, 2/23/73
f 11/18/71
< 11/29/71
1 2/22/73
"12/20/72
12/20/72
12/26/72
2/9/73
2/14/73
3/6/73
3/6/73
3/6/73
3/7/73
3/20/73
3/20/73
3/26/73
2/2/73
2/9/73
2/13/73
2/14/73
2/15/73
2/16/73
2/16/73
2/16/73
2/16/73
2/23/73
5/2/73
5/7/73?
5/7/73
5/8/73
5/9/73
5/9/73
5/9/73
5/9/73
5/14/73
‘
5/14/73
5/14/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
2/22/73
2/22/73
5/23/74
3/20/73
3/20/73
3/26/73
5/9/73
5/14/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
4.80
4.70
4.70
4.80
4.80
4.80
4.80
4.80
4.80
4.80
5.70
5.70
5.70
5.70
5.70
5.70
5.70
5.70
5.45
5.45
5.45
5.45
5.45
5.45
5.45
5.45
4.75
4.95
6.15
5.10
(Continued on following page)
5.20
5.40
5.20
5.20
5.15
5*30
5.30
5.30
5.30
5.30
5.30
5.65
4.80
2.50
5.93
Amount
Issued
Total outstanding
end of month
75
362
564
728
159
5
100
20
>18,921
362
337
227
900
12
632
25
44
100
70
250
11
25
120
26
195
40
25*
619
23
20
) 18,756
20
44
100
70
250
11
25
40
50
25
10
5
156
200
200
55
105
70
20
15
18
20
55
45
15
30
6
413
32
105
32
102
1,483
36
70
30
3,050
261
180
65
15
30
36
30
400
200
100
300
337
362
5.10
5.15
5.70
5.45
5.90
5.90
5.90
5.90
6.35
6.35
6.35
Retired
900
601
109
2,523
189
337
200
900
102
180
>26,760
November 1973
57
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficial Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Notes
1973-Apr.
< Certificates of indebtedness
Notes
Certificates of indebtedness
May.
Notes
June.
Certificates of indebtedness
Maturity
date
Interest
rate
(Percent)
9/9/68
12/6/71
12/23/71
3/22/73
3/29/73
3/9/73
3/22/73
3/29/73
6/27/74
6/27/74
5.35
4.80
4.70
7.00
6.80
1/3/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/19/73
1/19/73
1/26/73
4/3/73
4/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
4/3/73
4/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
7/3/73
7/5/73
7/10/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
5.20
10/9/68
12/7/71
1/20/72
4/26/73
11/17/72
11/30/72
2/2/73
2/7/73
2/9/73
2/9/73
2/13/73
2/14/73
2/14/73
2/16/73
2/16/73
2/23/73
3/20/73
4/10/73
5/2/73
5/7/73
5/9/73
5/9/73
5/14/73
5/14/73
5/14/73
5/14/73
5/16/73
5/16/73
5/17/73
5/23/73
5/30/73
11/22/68
1/20/72
2/24/72
5/24/72
12/20/72
1/3/73
3/6/73
3/6/73
3/6/73
3/7/73
3/20/73
3/20/73
3/26/73
4/3/73
6/6/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
6/29/73
4/9/73
4/26/73
4/26/73
7/25/74
5/17/73
5/30/73
5/2/73
5/7/73
5/9/73
5/9/73
5/14/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
6/20/73
7/10/73
8/2/73
8/7/73
8/9/73
11/9/73
8/14/73
8/14/73
8/14/73
11/14/73
8/16/73
8/16/73
11/16/73
8/23/73
11/30/73
5/22/73
5/24/73
5/24/73
8/22/74
6/20/73
7/3/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
7/3/73
9/6/73
9/6/73
9/6/73
12/6/73
9/7/73
9/20/73
9/20/73
9/26/73
9/28/73
5.50
4.65
4.30
6.75
Issue
date
Securities
[
{
(Continued on following page)
5.20
5.15
5.30
5.30
5.30
5.30
5.30
5.30
5.65
6.55
6.55
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.25
Amount
Issued
100
200
Total outstanding
end of month
10
100
200
619
44
100
250
70
11
619
44
100
250
70
25
40
50
25
26,755
11
25
40
50
25
5
175
275
100
706
5.10
5.20
5.70
5.70
5.70
5.70
5.45
5.45
5.45
5.45
5.45
5.45
6.35
100
55
413
105
1,483
70
261
2,650
15
65
30
75
6.20
6.30
6.30
6.15
6.45
6.15
6.15
6.15
6.45
6.20
6.20
6.45
6.45
6.90
5.50
4.30
4.25
7.00
5.30
5.40
5.90
5.90
5.90
5.90
6.35
6.35
6.35
6.55
7.15
7.15
7.15
7.25
7.15
7.30
7.30
7.25
7.25
Retired
55
413
105
100
1,480
70
261
1,170
1,500
15
65
706
30
100
3
90
150
240
227
23
109
601
2,523
189
262
200
109
601
2,503
20
189
489
200
900
652
900
619
26,781
58
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions o f Foreign Countries - (Continued)
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Notes
Certificates of indebtedness
1973-July.
Notes
Aug.
Maturity
date
Interest
rate
(Percent)
f 12/ 24/68
12/27/68
6/25/71
3/30/72
6/21/73
6/25/73
^ 6/29/73
6/25/73
6/27/73
6/25/73
6/21/73
9/19/74
6/23/80
12/29/77
6.00
5.97
6.20
5.05
7.10
6.95
2.50
" 4/05/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
5/14/73
6/20/73
6/26/73
7/05/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
7/17/73
7A7/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/26/73
7/27/73
7/30/73
. 7/31/73
12/31/68
7/07/71
7/14/71
4/27/72
7/09/73
7/16/73
7/19/73
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
8/14/73
9/20/73
9/26/73
10/05/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/26/73
10/29/73
10/30/73
10/31/73
7/02/73
7/09/73
7/16/73
7/19/73
7/08/80
7/15/80
10/24/74
6.55
6.20
6.20
6.20
6.20
6.20
6.20
6.25
6.15
7.30
7.25
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.15
8.15
8.15
8.35
6.00
6.45
6.30
4.60
7.20
7.30
8.10
5/2/73
5/7/73
5/9/73
5/ 14/73
5/14/73
5/16/73
5/16/73
5/23/73
6/6/73
6/6/73
6/7/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/27/73
7/30/73
7/31/73
8/1/73
8/2/73
8/2/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/23/73
9/6/73
9/6/73
9/7/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/29/73
10/30/73
10/31/73
11/1/73
11/2/73
11/2/73
6.30
6.30
6.15
6.15
6.15
6.20
6.20
6.45
7.15
7.15
7.15
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00,
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.158.15
8.15
8.15
8.35
8.35
8.35
8.35
Issue
date
Securities
/Certificates of indebtedness
J
<
(Continued on following page)
Amount
Issued
200
600
199
44
2
3
20
30
8
17
250
70
1
5
7
11
25
1
3
14
40
50
6
24
5
18
1
25
24
53
264
200
200
175
14
55
16
Retired
Total outstanding
end of month
2
20
600
200
44
250
70
11
25
40
50
25
261
489
15
) 26,420
100
200
200
175
55
413
105
1,170
70
15
65
30
135
109
89
2
20
3
30
8
17
7
5
1
3
14
1
8
16
6
5
18
1
24
53
3
14
16
► 26,159
November 1973
59
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars; dollar amounts in millions)
Month, of
activity
Securities
Notes
1973-Sept.
Certificates of indebtedness
Notes
Certificates of indebtedness
Oct.
Notes
Source:
Bureau of the Public Debt.
*• Less than $500,000.
Issue
date
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/22/73
8/23/73
8/23/73
8/29/73
8/31/73
5/25/72
6/06/73
6/06/73
. 6/07/73
6/20/73
6/26/73
6/29/73
8/09/73
8/29/73
9/06/73
9/06/73
9/06/73
9/06/73
9/07/73
9/10/73
9/19/73
9/20/73
9/20/73
9/24/73
9/24/73
9/25/73
9/25/73
9/26/73
9/26/73
9/27/73
9/28/73
9/28/73
6/22/72
7-05-73
7-17-73
7-17-73
7-18-73
7-18-73
7-19-73
7-19-73
7-19-73
7-26-73
7-31-73
8-09-73
8-23-73
9-06-73
9-07-73
9-19-73
9-20-73
9-24-73
9-25-73
9-26-73
9-28-73
9-28-73
10-01-73
10-02-73
10-02-73
10-09-73
10-09-73
10-12-73
10-17-73
10-17-73
10-18-73
10-19-73
10-19-73
10-25-73
10-26-73
10-31-73
7-20-72
10-01-73
10-18-73
{!
Amount
Interest
rate
(Percent)
Issued
11/7/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/23/73
11/23/73
11/23/73
11/29/73
11/30/73
8/23/73
8.50
8.50
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.70
8.70
4.67
413
105
1,170
70
15
65
45
8
30
1
472
-
150
9/06/73
9/06/73
9/07/73
9/20/73
9/26/73
9/28/73
11/09/73
11/29/73
10/09/73
12/06/73
12/06/73
3/06/74
12/07/73
12/10/73
12/19/73
12/20/73
12/20/73
12/21/73
12/21/73
12/27/73
12/27/73
12/26/73
12/28/73
12/27/73
12/28/73
12/28/73
9/20/73
10-05-73
10-17-73
10-17-73
10-18-73
10-18-73
10-19-73
10-19-73
10-19-73
10-26-73
10-31-73
11-09-73
11-23-73
10-09-73
12-07-73
12-19-73
12-20-73
12-21-73
12-27-73
12-26-73
12-28-73
12-28-73
12-31-73
1-02-74
1-02-74
1-09-74
1-09-74
l-H-74
1-17-74
1-17-74
1-18-74
1-18-74
1-18-74
1-25-74
1-25-74
1-31-74
10-18-73
12-19-74
1-23-75
7.15
7.15
7.15
7.30
7.25
7.25
8.50
8.70
8.80
8.80
8.80
8.75
8.80
8.80
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.35
7.35
4.95
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.35
8.50
8.95
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.15
7.15
7.35
7.35
7.35
7.20
7.20
7.20
7.20
7.20
6.95
6,95
7.20
5.00
7.50
7.10
-
2,503
466
100
200
885
652
38
1
Maturity
date
Retired
Total outstanding
end of month
_
8
-
45
8
-
158
2,533
158
158
100
4
31
200
10
87
46
66
27
901
73
92
4
664
-
58
104
215
158
95
21
45
250
11
50
31
3
25
417
-
50
200
-
>26,420
4
-
200
44
70
250
11
25
9
50
31
25
261
19
30
158
100
31
10
46
66
150
4
300
-
21
-
50
14
3
-
200
-
> 26,175
60
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
activity
f
Certificates of indebtedness
1970-July,
Notes
Aug..
Certificates of indebtedness
Sept.
Notes
Oct..
Notes
1971-Jan..
Feb..
Mar..
Certificates of indebtedness
Notes
Certificates of indebtedness
Notes
Certificates of indebtedness
Certificates of indebtedness
May.
Certificates of indebtedness
Notes
July.
Certificates of indebtedness
Notes
Certificates of indebtedness
Aug.
Notes
Certificates of indebtedness
Sept.
Notes
Certificates of indebtedness
Oct.
Notes
Dec.
Payable
in —
Securities
Certificates of indebtedness
Notes
" Certificates of indebtedness!/
Issue
date
T Swiss francs
\ Swiss francs
1/23/70
7/23/70
C Swiss francs
) Swiss francs
S Swiss francs
V. Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
C Swiss francs
) Swiss francs
S Swiss francs
LSwiss ,francs
f Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
’Swiss francs
Swiss francs
Swiss francs
f Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
( Swiss francs
1 Swiss francs
Swiss francs
f Swiss francs
J Swiss francs
\ Swiss francs
V. Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
4/9/69
4/29/70
7/9/70
7/29/70
2/6/70
8/6/70
(
Swiss
Swiss
Swiss
Swiss
*Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
6/9/69
9/9/70
7/3/69
7/16/69
10/5/70
10/16/70
7/23/70
1/22/71
9/9/69
1/29/71
8/6/70
2/5/71
11/18/69
,2/18/71
3/10/71
1/22/71
2/5/71
3/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
5/10/71
1/30/70
4/6/70
5/6/70
5/19/70
6/11/70
7/9/70
7/29/70
9/9/70
10/5/70
10/16/70
1/29/71
2/18/71
5/10/71
5/10/71
5/10/71
6/1/71
5/10/71
5/10/71
7/22/71
7/6/71
5/10/71
5/10/71
5/10/71
8/5/71
8/6/71
8/19/71
8/27/71
5/10/71
5/10/71
9/10/71
9/13/71
5/10/71
5/10/71
10/8/71
10/29/71
5/10/71
12/9/71
8/5/71
Maturity
date
7/23/70
1/22/71
7/9/70
7/29/70
10/8/71
10/29/71
8/6/70
2/5/71
9/9/70
12/9/71
10/5/70
10/16/70
1/5/72
1/17/72
1/22/71
7/22/71
1/29/71
5/30/72
2/5/71
8/5/71
2/18/715/18/72
9/10/71
7/22/71
8/5/71
9/10/71
9/10/71
7/6/71
7/22/71
8/5/71
8/6/71
8/19/71
9/13/71
10/8/71
10/29/71
12/9/71
1/5/72
1/17/72
6/1/71
7/6/71
8/6/71
8/19/71
9/13/71
10/8/71
10/29/71
12/9/71
1/5/72
1/17/72
5/30/72
5/18/72
5/k8/72
5/30/72
6/1/71
9/1/72
7/6/71
7/22/71
1/21/72
10/6/72
8/5/71
8/6/71
8/19/71
2/4/72
11/6/72
11/20/72
8/27/73
9/10/71
9/13/71
12/11/72
12/13/72
10/8/71
10/29/71
1/8/73
1/29/73
12/9/71
3/9/73
2/4/72
(Continued on following page)
Interest
rate
(Percent)
8.08
6.75
6.20
6.20
7.30
7.23
8.125
6.75
6.89
6.90
7.70
7.55
6.70
6.55
6.75
4.40
7.85
4.40
6.75
4.26
7.60
3.90
3.35
4.40
4.26
3.35
3.35
8.10
6.75
4.40
4.26
7.70
7.73
7.60
7.30
7.23
6.90
6.70
6.55
8.10
6.75
7.70
7.73
7.60
7.30
7.23
6.90
6.70
6.55
4.40
3.90
3.90
4.40
8.10
5.15
6.75
4.40
5.75
6.15
4.26
7.70
7.73
5.75
6.35
5.65
5.67
3.35
7.60
5.45
5.55
7.30
7.23
5.25
4.85
6.90
4.80
5.75
Amount
(Dollar equivalent)
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
100
100
_
30
► 1,366
39
30
40
_
I
50
50
J 1,366
_
101
101
J 1,366
_
22
\ 1,366
134
22
133
J
_
100
'I
100
30
30
J 1,366
_
50
_
50
1,366
30
jf
30
1,616
250
_
100
50
250
263
27
55
105
53
27
_
29
24
32*
42
106
24
140
>> 1,664
26
52
26
28
23
30
40
101
_
22
133
30
30
32
32
_
27
l -1,664
27
;
_
55
105
l 1,664
105
55
J
_
53
27
29
53
>
1,998
_
27
29
333
_
263
24
I 2,005
269
f
25
J
_
32
1
42
1 2,008
33
f
43
J
106
2,013
111
jJ
2
-
_
1
61
November 1973
PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Month of
activity
Payable
in —
Securities
Issue
date
Maturity
date
7/3/67
4/1/68
6/24/68
8/19/69
10/2/69
5/10/71
5/10/71
6/1/71
7/6/71
8/6/71
8/19/71
9/10/71
9/13/71
10/8/71
10/29/71
12/9/71
8/27/71
5/10/71
5/10/71
7/22/71
1/21/72
1/5/72
1/17/72
8/5/71
2/4/72
7/3/67
10/2/69
3/3/72
5/10/71
5/10/71
5/18/72
5/30/72
1/21/72
7/21/72
7/3/67
3/3/72
10/2/72
12/22/72
2/19/73
10/2/73
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
3/9/73
8/27/73
1/5/72
1/17/72
1/21/72
7/21/72
Certificates of indebtedness
Notes
German marks
German marks
German marks
German marks
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
*Swiss francs
Swiss francs
Swiss francs
^Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
German marks
German marks
.German marks
'Swiss francs
Swiss francs
Swiss francs
„Swiss francs
Swiss francs
Swiss francs
German narks
Certificates of indebtedness
Swiss francs
Swiss francs
2/4/72
8/4/72
8/4/72
2/2/73
Sept,
Notes
Swiss francs
Swiss francs
6/1/71
9/1/72
Oct.,
Notes
f German marks
c Swiss francs
1 Swiss francs
1972-Jan.
/
Notes 1/
Certificates of indebtedness
Notes
Feb..
Certificates of indebtedness
Mar..
Notes
May..
July,
Aug..
Nov..
{
Notes
Notes
Notes
Certificates of indebtedness
1973-Jan.
Feb.
Mar..
4/5/73
4/17/73
2/4/72
8/4/72
3/3/72
10/2/73\2/
10/2/73/^
5/18/72
5/30/72
8/20/73
8/30/73
7/21/72
1/19/73
7/3/72
Interest
rate
(Percent)
5.28
5.73
6.25
3.05
4.43
3.90
4.40
5.15
6.15
6.35
5.65
5.45
5.55
5.25
4.85
4.80
5.67
6.70
6.55
5.75
3.50
4.50
4.15
5.75
3.625
5.28
4.43
2.051
3.90
4.40
4.77
4.55
3.50
4.375
5.28
•Amount
(Dollar equivalent)
Issued
111
25
148
56
153
33
34
55
76
153
33
33
76
56
9/1/72
11/30/73
5.15
5.50
29
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
francs
francs
francs
francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
29
32
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
6/24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/723/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
285
26
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
114
28
C Swiss
J Swiss
\ Swiss
vSwiss
francs
francs
francs
francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
Certificates of indebtedness
J Swiss francs
^ Swiss francs
8/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
Notes
German marks
8/19/69
2/19/73
3.05
Notes
Swiss francs
Swiss francs
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
(Continued on following page)
24
140
105
111
114
57
f
) 2,147
12
Notes
1
Total outstanding
end of month
(In millions of dollars)
17
17
17
18
19
1
1
1
3
1
1
6
1
3.625
4.25
C Swiss
J Swiss
| Swiss
vSwiss
Retired
11/
153
57
1,850
28
31
1,852
153
275
26
1,710
114
33
43
1,713
57
1,561
154
111
129
1,578
62
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign, Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
ilfonth of
activity
Securities
Certificates of indebtedness 4/
1973-Apr.
July.
Issue
date
Maturity
date
Interest
rate
(Percent)
5.25
5.75
J Swiss francs
1 Swiss francs
1/19/73
2/2/73
7/19/73
8/2/73
rGerman marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
/Swiss francs
10/2/69
8/27/71
5/18/72
5/y>/l2
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
Notes
pSwiss
) Swiss
\ Swiss
V.Swiss
francs
francs
francs
francs
- 1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
Certificates of indebtedness
J Swiss francs
^Swiss francs
1/19/73
7/19/73
Certificates of indebtedness
Swiss francs
&wiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
jSwiss francs
German marks
2-02-73
8-27-71
5-18-72
5-30-72
8-02-73
8-20-73
8-27-73
8-30-73
3-3-72
7/19/73
1/18/74
8-02-73
8-27-73
8-20-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
10-2-73
5.25
6.125
5.75
5.67
4.77
4.55
8.70
8.25
8.125
8.20
2.051
Aug.
Notes
Oct.
Payable
in —
Notes
f
Source: Bureau of the Public Debt. 1/ Dollar value of securities increased to reflect market exchange
rates as of December 31, 1971.
2/ Note issued October 2, 1969, was cancelled and a new note was issued
at a lower interest rate to partially compensate for the increase in
dollar value given this security in January 1972.
Amount
(Dollar equivalent)
Issued
10
5
Retired
(In millions of dollars)
19
46
4
4
3
6
3
3
26
2
3
4
29
170
127
Total outstanding
end of month
> 1,743
25
148
124
1,746
62
391
37
383
1,758
172
1,586
64
38
400
38
i/ The principal amount of this note was increased $1 million to compen
sate for a lower interest cost than was anticipated when the note
was revalued in 1970.
4/ Dollar value of securities increased to reflect market exchange
rates as of February 12, 1973.
Less than $500,000.
*
November 1973
63
UNITED STATES SAVINGS BONDS,
Series E and Series H are the only savings bonds cur
rently sold. Series E has been on sale since May 1, 1941,
and Series H has been on sale since June 1, 1952.
Series
A - D were sold from March 1, 1935 through April 30, 1941.
Series F and G were sold from May 1, 1941 through April
30, 1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes in issues,
interest yields, maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959, May and October 1961, June 1965, and
September 1970; and the Annual Report of the Secretary of
the Treasury for fiscal years 1966 through 1972.
Table SB-1. - Sales and Redemptions by Series, Cumulative through October 31, 1973
(In millions of dollars)
Amount outstanding
Series
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemption 1/
4",999
146,271
29,500
. 3,747
184,516
Series E and H................
Series F and G................
Series J and K ................
3,949
167,973
28,396
3,556
1,054
38,251
1,125
198
,
5,003
206,224
29,521
3,754
Total A-K.....................
203,873
40,629
•
244,502
L
............
...-
...>
Interestbearing debt
Matured
noninterestbearing debt
4
-
59,953
.
-
21
7
-
32
59,953
..
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions 1/
Amount outstanding
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount 2/
151,863
4,656
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,512
21,251
1,476
1«,517
1,554
1,626
1,735
1,789
1,841
2,056
2,310
2,564
173,114
6,132
6,060
6,204
6,592
6,473
6,338
6,291
7,138
8,249
9,076
124,643
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
113,399
4,383
4,488
4,792
4,971
4,978
5,237
5,508
4,342
4,306
4,494
11,244
781
858'
932
951
1,003
1,102
1,240
1,083
1,032
1,092
149,346
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
20,551
1,423
1,508
1,527
1,591
1,686
1,759
1,832
1,909
2,192
2,426
169,89^
6,183
6,117
6,013
6,451
6,584
6,455
6,224
6,574
7,669
8,662
122,030
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
111,172
4,259
4,445
4,552
5,043
4,842
5,094
5,457
5,072
4,224
4,322
Apr.........
May.........
June........
467
545
450
561
592
599
562
655
556
678
737
673
796
795
816
786
858
787
Tuly........
Aug.........
Sept.........
Oct.........
487
567
385
482
211
192
223
235
204
218
224
203
231
24A
213
225
227
403
416
390
536
472
509
482
502
502
498
669
539
592
328
338
316
417
380
407
387
401
403
400
544
433
472
Period
Fiscal years:
1935-63..........
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
Calendar vears:
1935-62.........
1963............
1964............
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
Months:
1972-Oct.........
Dec.........
1973-Jan.........
Feb.........
Sales 1/
Footnotes at end of Table SB-4.
731
780
610
709
Interestbearing debt
Matured
noninterestbearing debt
48,314
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
157
139
110
95
88
82
82
55
46
39
34
10,859
762
807
889
957
951
1,040
1,182
1,223
1,021
1,043
47,535
48,827
49,734
50,324
50,752
51,581
51,917
51,549
51,842
54,275
57,579
331
201
158
141
164
126
112
64
50
42
37
75
78
74
119
92
102
95
101
99
99
124
106
121
56,974
57,295
57,579
57,839
58,163
58,471
58,776
59,133
59,418
59,652
59,764
59,836
59,953
37
37
37
36
36
36
35
35
34
.
34
33
32
32
Treasury Bulletin
64
, UNITED STATES! SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
________ (In millions of dollars)______________________
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales Plus
accrued
discount
Sales
price J/
Total
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
noninterestbearing debt
Series E and H combined
Fiscal years:
1941-63....
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
Calendar years:
1941-62.....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
Months:
1972-0ct....
Nov....
Dec.... .
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
115,963
4,656
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,512
18,931
1,458
1,502
1,542
1,619
1,731
1,788
113,446
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
18,241
1,404
1,491
1,514
1,580
1,680
1,757
6,236
2,426
467
545
450
561
592
599
562
655
556
487
567
385
482
1,841
2,056
2,310
2,564
1,832
1,909
2,192
211
192
223
235
204
218
224
203
231
244
213
225
227
134,894
6,114
6,045
6,192
6,584
6,470
6,337
6,291
7,138
8,249
9,076
88,535
4,736
4,987
5,305
5,449
5,715
6,198
6,721
5,416
5,331
5,581
79,377
3,982
4,154
4,408
4,536
4,739
131,687
6,164
86,187
4,557
4,841
5,117
5,477
5,439
5,915
6,565
6,281
5,237
5,359
77,421
3,823
4,061
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,317
402
327
338
316
417
379
407
6,101
6,000
6,440
6,578
6,452
6,224
6,574
7,669
8,662
678
737
673
796
795
816
786
858
787
731
780
610
709
5,112
5,484
4,334
4,300
4,490
415
389
535
472
509
481
502
502
498
667
539
592
386
401
402
399
543
433
471
9,158
754
833
897
913
976
1,086
1,237
1,082
1,031
1,091
46,359
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
55,921
59,418
8,766
733
780
863
916
919
1,017
1,173
45,499
47,106
48,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57.579
1,221
1,020
1,042
75
78
74
119
92
101
95
101
99
124
106
121
56,974
57,295
57.579
57,839
58,163
58,471
58,776
59,133
59,418
59,652
59,764
59,836
59,953
Series F, G, J, and K combined jj
Fiscal years:
1941-63..............
1964.................
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
Calendar years:
1941-62..............
1963.................
1964.................
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
31,951
_
_
_
_
_
1,266
18
15
12
8
4
1
_
33,217
18
15
12
8
4
1
_
_
_
_
-
-
-
31,118
426
358
418
472
266
140
27
8
6
5
31,951
1,255
19
16
14
10
6
2
*
-
33,207
19
16
14
10
6
2
*
_
_
-
30,855
462
410
323
522
353
218
74
13
7
5
_
_
_
-
-
-
-
-
-
*
*
*
*
*
*
1
1
*
33
32
32
32
31
31
30
30
30
*
1
*
4f
29
28
2$
28
-
_
-
_
_
_
_
-
_
_
_
_
~/Jz
400
333
384
434
239
124
24
7
5
4
29,727
434
383
297
481
322
195
65
11
6
5
1,145
27
24
35
38
27
16
3
1
1
1
1,955
1,563
1,129
28
27
26
40
32
23
9
2,036
2
1
1
1,248
856
397
140
1,721
1,368
1,075
540
229
27
144
127
99
86
80
75
76
49
41
34
30
316
188
147
131
155
118
105
58
44
37
32
Months:
1972-Oct.............
Nov.............
Dec.............
1973-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June............
July-............
Aug.............
S®Kt*..«.
Oct.............
Footnotes at end of Table SB-4.
-
-
- _
_
-
-
-
November 1973
65
.UNITED STATES SAVINGS BONDS ,
Table SB-3. - Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions %/
Total
Sales
price 2/
Accrued
discount 2/
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-63....
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
Calendar years:
1941-62.....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
Mpirthg:
1972-Oct..,
Near..,
Dec..,
1973-Jan..,
Feb..,
Mar..
Apr..,
May..
June.
July.
Aug..
Sept.
Oct..
107,614
4,136
4,112
4,246
4,599
4,466
4,343
4,289
4,870
5,650
6,190
18,931
1,458
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
126,545
5,594
5,614
5,787
6,217
6,196
6,131
6,130
6,926
7,960
8,755
86,580
4,363
4,538
4,801
4,895
5,154
5,548
5.959
4.959
4,972
5,209
105,417
4,185
4,132
4,092
4,450
4,574
4,452
18,241
1,404
1,491
1,514
1,580
1,680
1,757
1,832
84,381
4,229
4,425
4,650
4,913
4,941
5,300
5,835
5,626
4,871
5,007
75,615
3,495
3,646
3,787
3,997
4,221
123,658
5,589
5,623
5,606
6,031
6,255
6,209
6,052
6,412
7,411
8,348
375
387
365
504
440
472
448
468
495
300
224
203
231
655
713
651
764
762
787
759
831
762
24^
213
225
•227
706
758
596
691
462
4,503
5,218
5,922
444
521
428
530
558
569
535
628
531
462
545
371
463
1,909
2,192
2,426
211
192
223
235
204
218
615
492
563
I3,705
’
M
3,904
3,982
4,178
4,462
4,722
3,877
3,941
4,118
4,022
4,283
4,661
4,405
3,851
3,964
309
291
386
348
371
353 )
367
369
363
491
387
416
9,158
754
833
897
913
976
1,086
1,237
1,082
1,031
1,091
8,766
733
780
863
916
919
1,017
1,173
1,221
1,020
1,042
75
78
74
119
92
101
95
101
99
99
124
106
121
188
212
216
196
I84
210
231
292
338
689
208
198
190
224
207
191
180
228
249
329
26
27
39.166
40,190
41,078
41,853
42,959
43.805
44,205
44.167
45,902
48,598
51.806
38,587
39,740
40,739
41.504
42,398
43.504
44,222
44,259
44,818
47,108
50.120
29
30
33
30
30
27
26
27
23
25
49,557
49,856
50.120
50,352
50,643
50,925
51,205
51,539
51,806
52,'024
52,139
52,220
52,349
191
206
188
212
216
196
I84
210
231
292
338
7,193
7,546
7,716
7,829
7,858
7,766
7,506
7,114
7,101
7,323
7,612
6,912
7,367
7,627
7,744
7,815
7,848
7,668
7,290
7,025
7,167*
7,458
7,416
7,439
7,458
7,488
7,520
7,546'
7,570
7,593
7,612
7,628
7,625
7,616
7,604
22
Series H
Fiscal years:
1952-63...............
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
8,349
521
431
404
367
273
207
160
212
289
Calendar years:
1952-62...............
1963..................
1964..................
1965..................
1966..................
1967..................
1968............ !,....
1969..................
1970..................
1971..................
1972..................
8,028
575
477
394
410
324
244
172
162
259
314
Months:
1972- Oct..............
Nov..............
Dec..............
1973-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
July.............
322
23
24
22
31
34
30
27
27
25
25
22
14
19
_
-
—
-
-
“
-
•
_
-
8,349
521
431
404
367
273
207
160
212
289
1,956
373
449
504
553
561
650
762
457
359
372
1,956
373
449
504
553
561
650
762
457
359
372
-
8,028
575
477
394
324
244
172
162
259
314
1,806
328
416
467
564
497
615
730
655
366
353
1,806
328
416
467
564
497
615
730
655
366
353
_
-
689
208
198
190
224
207
191
180
228
249
329
23
24
22
28
29
25
28
29
25
-
26
27
22
31
34
30
27
27
25
31
32
37
33
34
34
36
52
46
56
31
32
37
33
34
34
36
52
' 46
56
322
410
25
22
14
19
-
_
-
_
_
-
_
-
_
-
29
30
33
30
30
27
26
27
23
25
Treasury Bulletin
66
.UNITED STATES SAVINGS BONDS*
Table SB-4,, - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Total
Period
Fiscal years:
1951-57....
19 58......
195 9
196 0
196 1
1962......
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
Calendar years:
1951-56.....
195 7
195 8
195 9
196 0
1961........
1962........
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
Months:
1972-Oct..
Nov..
Dec..
1973-Jan..
Feb..
lifer..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Series
and H
47,437
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
18,437
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
9,069
1,906
1,996
2,304
1,733
39,424
9,630
7,255
8,772
6,732
5,595
5,602
15,752
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
Other
9,366
1,824
1,625
1,822
940
925
657
304
J/
6/
7/
8/
2/
246
280
412
260
143
29
9
7
5
2,036
2,121
Series E
and H
Other
28,583
4,739
3,778
4,641
3,358
3; 070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
21,924
3.195
3,235
3,285
3,075
2,875
6,659
1,544
543
1,356
283
196
139
140
118
104
79
25
23,360
5,207
3,841
4,520
3,938
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
18,155
3,322
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
267
262
260
272
317
251
267
262
260
272
317
251
321
321
2,812
2,948
3,165
3.196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
5,793
6,133
6,639
6,295
5,244
5,365
2,386
2,053
403
416
390
536
472
509
502
502
153
133
149
158
239
189
207
195
195
153
133
149
158
239
189
206
195
194
282
286
282
286
498
669
539
592
187
231
286r
234
187
230
285r
234
280
327
390
321
280
327
390
321
5,021
6,000
482
2,652
2,686
2,841
2,022
Source: Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note: In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (l)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distribu
tion of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
7,765
2,072
1,702
2,268
1,089
922
730
426
282
216
391
345
209
84
15
8
6
Lj
5/
6/
2/
8/
2/
10/
*
3/
6/
6/ 7/
7/8 /
8/2/
2/
Unclassified
Total
7,988
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
5,252
5,441
jl.
Total 1/
Unmatured
3,100
3,002
10/
417
75
-150
-210
-212
53
73
19
-121
6
172
99
33
213
115
-725
-23
67
5,204
312
1,886
750
1,075
825
201
175
125
131
111
107
44
13
2
266
22
-449
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
-17
21
-19
106
-85
68
-46
25
21
31
111
-137r
37
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April B0, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4#
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4# marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4# marketable bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8# marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8#
marketable bonds of 1971 and 4# marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
r Revised.
67
November 1973
UNITED STATES SAVINGS BONDS
Table SB-5. - Sales and Redemptions by Denominations, Series E and H 1/Combined
(In thousands of pieces)
Period
Total all
denominations
$10 2/
$25
$50
$75 2/
$100
$500
$1,000
$5,000
I $10,0005 /6 /
36,459
38,558
1,214
1,033
363
169
22
16
18
14
13
14
11
12
11
Sales 2/
Fiscal years:
1941-63....
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
1973 P.....
Calendar years:
1941-62.....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
Months:
1972-Oc t
Nov....
Dec....
1973-Ja n
Feb....
Mar....
Apr....
May....
June p..
July.......
Aug..........................
Sept. p ........
Inception to date p.
Fiscal years:
1941-63.............
1964................
1965................
1966................
1967................
1968................
1969................
1970................
1971................
1972................
1973 p..............
Calendar years:
1941-62.............
1963................
1964................
1965................
1966................
1967................
1968................
1969................
1970........*........
1971................
1972................
Months:
1972-Oct............
Nov............
1973-Jan............
Feb............
Mar............
May.......1....
June p ..........
Sept. p .......
Inception to date p...
2,400,342
96,609
99,560
103,500
114,433
117,279
118,184
117,026
121,544
127,671
134,552
21,076
2,352,844
94,123
98,414
100,657
107,949
117,004
118,955
116,123
120,130
123,637
130,568
21,076
1,590,188
59,230
60,928
63,430
71,506
75,925
78,508
78,043
76,103
76,616
78,859
431,418
23,442
23,947
24,704
26,476
25,823
25.106
24,675
28,034
30,131
32,265
1,561,465
57,391
60,217
61,841
66,381
74,422
78,023
77,911
77,828
75,736
77,330
419,922
22,828
23,816
24.106
25,498
26,417
25,694
24,332
26,583
28,914
31,040
6,294
6,948
5,876
6,992
6,075
7,003
6,615
7,321
6,783
2,463
2,854
2,403
2,641
2,575
2,977
2,658
3,104
2,917
2,538
3,112
2,292
703,964
10,440
11,814
9,906
11,555
10,680
12,167
11,290
12,796
11,813
10,716
12,663
9,222
3,583,339
21,076
6,353
7,338
5,390
2,328,418
1^937,384
87,242
90,012
94,720
98,349
105,060
114,396
118,696
102,145
103,651
106,065
19,723
54
51
47
38
33
29
30
21
17
16
1,345,915
55,264
56,736
59,235
61,960
66,956
73,560
76,446
66,127
65,832
65,880
330,678
20,034
20,744
21,948
22,627
23,605
25,308
25,789
22,659
23,921
25,089
1,894,182
84,965
88,054
92,352
97,063
101,135
109,053
118,230
112,394
101,593
103,513
19,691
58
50
50
45
34
30
30
27
18
16
1,318,541
54,055
55,682
58,045
60,546
64,375
70,014
76,000
72,693
65,206
64,990
320,811
19,402
20,204
21,330
22,545
22,959
24,201
25,976
24,444
22,990
24,252
7,819
8,233
7,870
1
1
1
2
2
2
2
2
1
2
1
1
4,904
5,225
5,016
5,612
5,383
5,819
5,412
5,747
5,791
5,480
7,005
5,661
1,821
1,892
1,810
9,355
8,833
9,451
8,880
9,300
9,368
8,988
11,685
9,414
2,334
2,172
2,256
2,121
2,197
2,206
2,132
2,795
2,268'
135
1,141
1,469
1,749
1,860
1,822
1,682
1,989
2,304
2,518
632
1,322
1,607
1,811
1,925
1,659
1,853
2,139
2,397
199
221
184
207
201
226
207
246
237
266,539
10,324
10,409
10,714
11,411
10,769
10,192
10.072
12.073
14,177
15,862
15,572
1,006
982
261,329
10,162
10,445
10,366
11,114
11,214
10,563
9,805
11,049
13,022
15,012
15,026
1,019
1,007
1,284
1,547
950
1,292
1,613
1,164
1,393
1,132
1,284
1,311
1,488
1,349
1,583
1,446
11-5
141
107
133
104
139
173
1,010
1,068
987
869
878
1,159
1,443
1,651
1,220
1,087
1,101
1,131
987
871
868
1,122
1,502
1,688
970
1,054
1,041
945
35,730
1,325
1,151
1,044
1,155
1,076
932
828
818
1,000
112
133
143
156
148
175
152
156
1,042
1,064
906
796
796
1,050
1,476
1,684
37,788
1,357
1,117
978
1,110
996
853
753
848
1,229
1,606
98
122
94
156
199
158
156
17
15
8
7
12
18
20
350
24
20
17
17
13
10
7
8
15
20
7
3
4
5
159
17
15
13
U
13
12
11
4
4
3
1
1
1
2
2
2
156
184
145
181
133
1
123
138
120
132
269
2
2
208
1,245
270
1,524
198
1,089
386,399
17,343
Redemptions 7/
128
149
99
27,004
48,390
71
49,960
1
1
1
516
188,072
9,080
9,322
9,822
9,839
10,276
10,955
11,410
9,313
9,689
10,515
8,141
648
694
756
760
808
864
933
740
776
855
22,345
1,051
1,070
1,113
1,084
1,106
1,165
1,297
943
899
955
22,380
1,088
1,122
1,182
1,169
1,208
1,266
1,438
988
917
948
85
15
19
22
24
24
28
33
18
14
16
45
7
9
10
12
13
14
18
10
6
7
183,536
8,771
9,180
9,532
10,031
9,860
10,482
11,371
10,586
9,366
9,955
7,824
615
670
715
786
761
822
908
867
743
797
21,821
1,008
1,067
1,080
1,137
1,047
1,125
1,254
1,169
893
905
21,836
1,037
1,111
1,136
1,226
1,123
1,232
1,373
1,284
921
906
80
13
18
20
24
21
27
31
28
U
14
43
6
8
9
12
11
14
17
15
7
6
769
781
737
978
868
949
935
940
953
952
1,294
1,028
60
64
58
69
70
61
92
79
89
85
87
89
91
131
100
68
67
60
96
79
89
85
86
87
93
136
104
1
1
1
1
1
2
1
1
1
2
2
2
1
1
*
-
*
245
585
837
1,032
1,205
1,303
1,327
1,577
1,784
-
65
434
711
944
1,105
1,270
1,280
1,434
1,670
124
130
124
156
M78
166
162
160
159
154
200
160
.
10,410
2,987,807
20,064 2,012,055
569,594
No-fre: These figures are estimates by the Office of Debt Analysis in the
U
Office of the Secretary and are based on the daily Treasury statement
5/
and reports from Federal Reserve banks and the Bureau of the Public Debt.
1/ Sales of Series H bonds began on June 1, 1952; the denominations
y
authorized were $500, $1,000, $5,000, and $10,000.
2/ Sales were authorized in June 1944, to Armed Forces only, and dis
continued after March 31, 1950.
2/ Sales began on May 1, 1964.
u
83
71
79
76
78
80
82
120
88
81
1
1
1
1
1
1
1
1
1
291,567
33,351 J 34,039 ,
16,265
306
156
Sales began on October 29, 1945.
Sales of $10,000 denomination Series E bonds were authorized on May 1,
1952.
Includes sales and redemptions of $100,000 denominations Series E bonds
which are purchasable only by trustees of employees’savings plans,
beginning April 1954, and also personal trust accounts beginning Jan
uary 1955.
See Table SB-4, footnote 1. * Less than 500 pieces, p Preliminary.
Treasury Bulletin
68
UNITED STATES SAVINGS NOTES
United States savings notes were on sale May 1, 1967
through June 30, 1970. The notes were eligible for purchase
by individuals with the simultaneous purchase of Series E
savings bonds.
demption and information on investment yields of savings
notes appear in the Treasury Bulletins of March 1967 and
June 1968; and in the Annual Report of the Secretary of the
Treasury for fiscal year 1972.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and iRedemptions by Periods
(In millions of dollars)
'
Period
1967. T....!.........
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
Sales 1/
1
201
326
*
*
Calendar years:
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
80
277
348
160
-3
*
5
18
31
31
28
Months:
1972-0ct.............
Nov.............
Dec.............
*
*
*
*
*
*
*
1973-Jan.............
Feb.............
Mar........... .
Apr....... .
May.............
June............
July........
Aug.............
Sept............
Oct.............
11
1
201
*
338
347
44
28
29
12
25
33
28
29
323
Sales plus
accrued
discount
Accrued
discount
Redemptions 2J
Total
Sales
price
*
*
35
*
*
34
105
157
77
58
111
167
85
69
191
27
28
*
7
76
154
124
71
2
2
2
2
3
5
5
5
2
2
2
2
2
2
2
2
3
5
7
5
7
80
281
366
3
3
*
2
*
“
2
do.
<oc
2
\
6
*
7
72
145'
116
62
Accrued
discount
*
1
6
10
8
*11
•*
3
8
9
9
Amount
outstanding
203
505
742
619
561
519
80
354
644
682
584
540
5
H/r
HLr
LHr
X
H/r
2_
nX
X
6
6
5
543
540
531
co.
o£
5
1
sdj
519
2
2
2
co.
7
9
7
6
5
5
7
5
1
1
2
1
516
AT O
Old
505
501
Source: Daily Treasury Statement; Office of Debt Analysis in the Office of
the Secretary.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
2/ Includes .S. savings notes exchanged for Series H bonds beginning
January 1972.
Less than $500,000.
November 1973
69
O W NERSHIP OF FEDERAL SECU RITIES
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing public debt securities
End of
fiscal year
or month
1964...............................................................
1965...............................................................
1966...............................................................
1967...............................................................
1968...............................................................
1969...............................................................
1970...............................................................
1971...............................................................
Oct
• #••••••••••
Held by U.S. Government accounts
Total
Federal
securities
outstanding
Total
outstanding
320,344
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
469,251
435,177
307,357
313,113
315,431
445,405
451,429
456,110
432,127
438,136
442,420
447,298
322,286
344,401
351,729
369,026
396,289
425,360
456,353
422,308
461,068
Pet)
................
448,191
452,928
456,787
455,214
455,431
456,353
457,217
459,918
459,471
461,855
466,617
470,412
468,148
468,380
469,251
470,121
473,263
472,898
Total
58,598
61,071
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
106,188
113,548
116,709
116,125
116,897
116,210
117,124
117,922
117,902
120,123
123,385
124,992
128,688
127,776
Interest-bearing public debt securities-(Cont.)
Held by private investors
End of
fiscal year
or month
Public
marketable
9,878
10,351
12,050
13 ,’635
14,694
16,007
16,974
18,092
19,868
20,080
18 ,587
Non-marketable
Special
Other
issues
46,546
48,549
50,196
56,103
59,374
66,738
76,124
82,740
89,536
101,248
85,545
2,174
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056
2,056
2,056
34,794
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356
75,022
70,218
19,211
19,288
19,518
19,360
92,280
95,365
94,551
95,482
2,056
2,056
2,056
2,056
7 o ;o it
69,501
69,906
19,573
19,779
20,040
19,991
94,582
95,289
95,826
95,855
97,821
2.056
2.056
2,056
2,056
2,056
2,056
72,022
72,620
74,276
75,495
74,128
75,022
2,056
2,056
2,056
77,098
76,093
76,217
20,246
20,080
101,248
20,423
21,039
20,880
102,513
105,593
104,840
Agency securities
Matured
public
debt
and debt
bearing
no interest
Total
outstanding
1/
Held by
U. S. Government
accounts and
Federal Reserve
banks
Total
Public
marketable
Nonmarketable
1964.......
1965.......
1966.......
1967.......
1968.......
1969.......
1970.......
1971.......
1972.......
1973.......
1971-Dec
213,964
212,941
208,946
203,758
216,032
212,819
216,142
227,883
242,545
257,947
161,816
159,244
154,909
150,318
159,668
156,006
157,911
161,863
165,978
167,869
173,376
52,148
53,697
54,037
53,440
56,363
56,814
58,231
66,020
76,566
90,078
72,670
4,356
4,161
4,476
3,935
3,178
1,991
1,893
1,841
1,901
1,788
1,823
8,631
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
11,046
2,010
3,001
2,846
2,553
2,251
2,170
2,156
2,462
Oct...
251,333
256,794
260,495
259,959
263,184
264,589
261,817
261,179
257,947
255,128
255,137
255,478
168,774
171,481
176,602
180,244
179,527
177,482
175,459
172,361
171,544
167,869
165,188
165,273
165,259
80,072
79,852
80,192
80,251
80,432
85,702
89,130
89,457
89,635
90,078
89,940
89,864
90,219
1,819
1,811
1,827
2,000
1,877
1,911
1,819
1,849
1,908
1,788
1,786
1,926
1,968
11,459
11,483
11,863
11,770
11,787
11,779
11,806
11,084
11,041
11,109
11,118
11,419
11,459
2,312
2,323
2,318
2,320
2,297
2,259
2,325
2,181
2,167
2,156
2,121
2,151
2,207
Dec
1973-Jan...,
Feb..,,
Mar
Apr...,
May....
June...
July...
Aug....
Sept..,
For content see Table FD-6.
246,046
248,846
'
Public
issues
held by
Federal
Reserve
banks
611
469
468
Held by
private
investors
8,020
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,724
8,953
8,584
9,147
9,160
9,545
9,450
9,490
9,520
9,480
8,903
8,874
8*953
8,996
9,267
9,252
Treasury Bulletin
70
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership o f Public Debt Securities by Private Investors
End of
month
Total
privatelyheld
1939-Pec____
1946-Feb.
Dec.
1950-June...,
Dec.
1951-June...,
Dec.
1952-June...,
Dec.
1953-June...,
Dee.
1954-June...,
Dec.
1955-June...,
Dec.
1956-June...,
Dec.
1957-Oune...,
Dec.
1958-June...,
Dec.
1959-June...
Dec.
1960-June...,
Dec.
1961-June...,
Dec.
1962-June...,
Dec.
1963-June...,
Dec.
1964-June...,
Dec.
1965-June...,
Dec.
199.9
207,
203,
207,
198,
200,
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
1966-June...
Dec....
1967-June...
Dec....
1968-June...
Dec....
1969-June...
Dec....
1970-June...
Dec....
1971-June...,
Dec.
1972-Ja_____ n
Feb....,
Mar....
Apr....
May....,
June...,
July...,
Aug.
Sept...,
Oct____
Nov....
Dec.
1973-Ja n
Feb....
Mar....
Apr....
W....
June ..
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
218.0
229.9
229.7
247.9
248.9
250.2
251.9
249.5
247.2
244.4
248.8
249.3
250.7
253.1
258.6
262.5
261.8
265.1
266.4
263.7
263.1
259.7
July...
Aug....
Sept. p,
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
256.9
257.1
257.4
Commer
cial
banks
2/
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
62.8
62.1
63.3
61.9
61.0
60.5
60.2
60.0
60.8
61.0
63.5
67.0
66.0
62.4
61.6
60.1
57.9
57.9
55.5
54.1
55.0
Total
20.7
1‘
37.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
136.3
138.0
139.5
145
141
141,
138
138,
132,
137,
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
186.1
188.1
188.6
187.5
186.2
183.9
188.6
189.3
189.9
192.1
195.2
195.5
195.9
202.7
204.8
203.6
205.1
£01,8
201.4
202.9
202.4
(Par values 1/ in billions of dollars)
Nonbank investors
Individuals 2J
Mutual
Insurance sav
Savings bonds
Other companies
ings
Total
Other
Series
secu
banks
E and H Series 2/ rities
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.9
65.7
66.0
66.0
68.2
68.8
69.8
70.9
72.1
73.1
74.6
70.9
74.0
74.8
75.8
77.9
81.4
82.5
81.9
76.2
74.0
73.6
73.6
74.7
74 j6
74.4
74.0
74.3
74.2
74.0
74.1
74.5
74.7
74.7
74.8
75.1
75.3
75.6
75.9
76.3
76.6
76.8
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
54.0
54.3
54.6
54.9
55.2
55.4
55.7
56.0
56.2
56.5
56.8
57.1
57.4
57.7
58.0
58.3
58.6
58.9
59.2
59.3
59.3
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
,*..6
.5
.5
.5
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
2/ Consists of commercial banks, trust* companies, and stock savings banks
in the United States and in Territories and island possessions. Figures
exclude securities held in trust departments.
2J Includes partnerships and personal trust accounts.
y Exclusive of banks and insurance companies.
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
' 19.3
23.5
24.1
20.5
, 18.6
19.5
18.9
19.1
18.5
20.0
20.2
20.7
21.5
22.4
23.2
24.3
20.2
22.8
23.3
,23.9
26.1
29.6
30.9
29.8
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.4
11.3
11.3
11.5
10.9
11.2
10.8
11.0
10.5
10.3
9.6
9.5
8.6
8.6
8.1
8.0
7.7
7.1
6.8
7.0
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
23.0
19.6
19.0
18.7
19.5
19.1
18.6
18.0
18.0
17.6
17.2
17.0
17.1
17.0
16.8
16.6
16.6
16.5
16.4
16.4
16.6
16.8
16.9
6.6
6.6
6.5
6.5
6.5
6.4
6.3
6.2
6.1
6.0
6.1
5.9
6.1
6.0
6.1
5.8
5.9
5.7
5.7
5.7
5.8
5.7
5.7
2.9
2.7
2.7
2.7
2.7
2.7
2.8
2.7
2.7
2.6
2.8
2.7
2.7
2.6
2.6
2.6
2.5
2.5
2.4
2.4
2.2
2.1
2.0
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6*2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.1
4.1
3.9
3.6
3.3
2.9
2.9
2.8
State
Corpora and
local
tions y
govern
ments
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
13.0
14.2
12.6
11.7
10.0
9.4
10.1
12.4
11.8
12.1
11.6
10.5
11.3
10.3
10.0
9.5
8.9
10.4
12.0
11.7
12.3
12.7
13.0
12.5
13.3
12.0
12.8
14.0
12.5
•4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
24.6
24.4
25.2
25.9
26.4
25.2
25.5
25.0
25.5
26.2
25.8
25.7
25.5
25.9
26.5
26.5
27.2
28.0
27.9
28.3
29.5
29.0
28.9
28.7
28.1
28.3
27.9
27.2
28.5
Foreign
and inter Other
investors
national
6/
i/
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
16.9
19.4
19.3
19.9
22.2
22.4
21.8
25.0
22.0
20.4
32.7
46.9
48.2
48.9
49.9
49.8
49.4
50.0
54.6
55.9
55.3
55.8
56.0
.55.3
54.2
61.1
63.1
61.7
61.1
60.2
14.9
15.0
17.7
18.1
17.5
17.9
16.6
14.9
14.5
14.6
15.7
15.2
16.1
17.0
16.5
16.7
16.3
17.2
18.9
17.4
16.7
18.2
18.5
59.7
59.2
58.5
j>/ Consists of the investments of foreign balances and international
accounts in the United States.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also included
are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
p Preliminary.
71
November 1973
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1973
The monthly Treasury Survey of Ownership covers securi-
19U1 Treasury Bulletin, for corporations and savings and loan
ties issued by the United States Government, Federal agencies,
associations in the September i960 Bulletin, and for State and
Federally-sponsored agencies, and the District of Columbia.
local governments in the February 1962 Bulletin.
The banks and insure ace companies included in the Survey cur
rently account for about 90 percent of all such securities
Holdings by commercial banks distributed according to
held by these institutions. The similar proportion for cor-
Federal Reserve member bank classes and nonmember banks are
porations and for savings and loan associations is 50 percent,
published for June 30 and December 31*
and for State and local governments, 70 percent.
ate pension trust funds are published quarterly, first ap-
Data were
first published for banks and insurance companies in the May
Holdings by corpor-
pearing in the March 195^ Bulletin.
Table TSO-1. - Summary of Federal Securities
Classification
Bax values - in millions of dollars)
Held by private investors covered in Treasury Survey
State and local
Insurance companies
U.S. Govern
governments
5,612
479
485
Total
ment ac
Total
!i&9
commer mutual
counts and
private cial
amount
445 fire, savings 464
315
savings • 291
pension
inves banks
outstand Federal
casualty,
and
loan
corpo
banks
and re
Reserve
ing 1/
life
tors
and
associa rations general
funds
tirement
2/
2/
banks
marine
tions
funds
All
other
private
investors 3 /
Memorandum:
Held by
50,395
corporate
pension
trust
funds k/
Public debt issues:
Interest-bearing public
debt securities:
Marketable............
Nonmarketable .5/ ........
Special issues
Total interest-bearing
public debt securities.
Matured debt and debt
bearing no interest.....
Total public debt
securities.........
Government agency issues:
Regular issues
Participation
certificates
..........
Total Govt, agency
securities covered in
Treasury Survey........
Nonsurveyed Govt, agency
securities..... .
Total Govt, agency
securities 8/.........
Total Federal securities...
262,356
91,737
105,378
97,097
2,056
104,840
2,037
165,259 42,403
89,681
36 6
4
538
2,674
2,220
2,341
3
3,944
*
8,697
1,468
58
99,475
89,528
538
1,811
165
459,471
203,993
255,478 42,438
2,691
2,245
2,344
3,944
8,709
1,526
189,541
1,976
1,968
2,040
16
25
12
1,968
1,968
257,446 42,438
2,040
2,691
2,245
2,344
3,944
8,709
1,526
191,508
1,976
932
244
113
17
177
174
270
264
2,458
56
3,319
608
209
48
190
68
44
134
609
1,408
77
2,016
7,969
1,540
453
162
207
245
218
404
874
3,866
133
1,474
190
1,284
11,459.
472,898
2,207
206,200
9,252
266,698
461,439
203,993
4,965
315
4,650
5,020
1,701
9,985
Footnotes at end of Table TS0-6.
Treasury Bulletin
TREASURY SURVEY OP OWNERSHIP, SEPTEMBER 30,
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/
Classification
By type security:
Issued by U.S. Government:
Treasury bills..............
By maturity distribution:
Call classes (due or first
becoming callable):
99,762
120,698
41,896
262,356
35,108
48,600
13,390
97,097
5,080
32,345
4,978
42,403
445 fire,
casualty,
and
marine
50
310
2,315
212
1015
993
2,220
2,674
42,403
226
143
1.09_2_
1,468
53,186
31,701
1A. 587
99,475
939
536
336
1,811
381
223
111
31
297
272
154
377
313
55
60,437
23,457
7,758
2,770
2,870
2,183
1,154
374
114
23
83
63
2,674
2,220
2,341
3,944 8,697
"
■
1,468
99,475
■
1,811
'
103
244
851
259
745
473
2,674
628
776
427
73
250
66
2,220
549
988
517
70
136
80
2,766
1,009
90
37
27
15
3,944
297
133
194
130
522
192
1,468
60,437
22,445
8,387
1,615
3,560
3,030
99,475
1,154
453
820
342
57
223
143
2,037
13,781
22,841
4,716
431
377
258
4,375
2,511
1.812
8*697
5,718
1,824
656
197
I64
137
2,037
97,097
1,270
1,280
1.394
3,944
Memorandum:
Held by
50,395
corporate
pension
trust
funds lj
2,766
1,021
89
41
26
1
42,403
262,356
117
1,551
674
2,341
Held by
all
other
inves
tors 2/
549
1,026
490
158
75
43
61
402
State and local
governments
485
savings 464
189
and loan corpo
pension
315
associa rations general and re
tions
funds tirement
funds
_ _ _ _ _
628
13,781
22.994
4,636
530
44,382
29,638
14,843
2,933
3,471
1,831
97,097
139
1243
654
2,037
291
life
103
562
572
383
649
405
44,382
30,400
14,568
4,619
2,095
1,033
129,114
80,576
31,103
5,737
9,580
6,245
262,356
Insurance companies
479
mutual
savings
banks
2/
453
863
313
108
175
125
129,114
83,266
29,617
9,405
6,880
4,074
Maturity classes (final
maturity):
Total.......................
U.S. Govern
5.612
ment ac
commer
counts and
cial
Federal
banks
Reserve
2/
banks
846
2,341
5,718
1,682
736
133
270
159
8,697
401
94
75
81
7
1,811
Footnotes at end of Table TS0-6.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual
maturing:
Oct.
1973...........
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept.
1974..........
1974...........
Total Treasury Bills............
Footnotes at end of Table TS0-6
Insurance companies
U. S. Govern
ment ac
counts and
Federal
Reserve
banks
5,612
commer
cial
banks
2/
479
mutual
savings
banks
2/
19,007
23,007
18,608
7,264
8,918
6,776
13
13
6
12
14
11
10,310
9,011
9,007
1,802
1,800
1,801
1,802
1,805
1,802
3,131
2,426
2,850
698
541
627
793
398
519
606
879
307
1
1
5
4
-
684
1,194
125
166
159
83
281
298
13
23
9
4
24
10
5
13
7
99,762
35,108
5,080
139
Total
amount
outstand
ing 1/
464
291
life
445 fire,
casualty,
and
marine
State and local
crrrtrair.'nTn e
485
savings 464
189
pension
and loan corpo 315
associa rations general and re
tions
funds tirement
funds
5
16
8
7
5
1
2
48
77
41
20
10
7
*
1
*
1
*
6
50
212
*
-
(Continued on following page)
237
Held by
all
other
inves
tors 2/
Memorandum:
Held by
50,395
corporate
pension
trust
funds Jj
1
7
4
23
308
117
5
40
26
7
65
17
823
1,025
924
282
268
358
107
79
78
93
185
154
75
81
34
4
13
6
1
*
_
_
*
13
9,994
12,014
9,733
6,523
5,483
4,453
851
944
899
820
855
617
155
196
159
25
50
44
46
39
3
8
30
183
117
1,270
4,375
226
53,186
939
23
19
20
-
240
I84
73
November 1973
TREASURY SURVEY OP OWNERSHIP,SEPTEMBER 30, 1973
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue - (Continued)
(Par values - in millions of dollars)
Total
amount
outstand
ing 1/
Issue
Treasury. notes:
Feb.
7-3/4#
May
7-1/4
Aug.
5-5/8
Sept.
6
Nov.
5-3/4
Dec.
5-7/8
Feb.
5-3/4
5-7/8
Feb.
May
5-7/8
May
6
5-7/8
Aug.
Sept.
8-3/8
Nov.
7
5-7/8
Feb.
Feb.
6-1/4
May
5-3/4
May
6 -1 / 2
Aug.
6 -1 / 2
7-1/2
Aug.
Nov.
6-1/4
Feb.
8
Aug.
7-3/4
Feb.
6-1/4
Nov.
6
Aug.
6-1/4
6 -5 / 8
Nov.
6-7/8
May
1 -1 / 2
Oct.
Apr.
1 -1 / 2
1 -1 / 2
Oct.
Apr.
1 -1 / 2
1 -1 / 2
Oct.
Apr.
1 -1 / 2
1 -1 / 2
Oct.
Apr.
1 -1 / 2
Oct.
1 -1 / 2
Apr.
1 -1 / 2
Total Treasury notes
Trssstia. bonds:
4-l/8$
Nov.
Feb.
4-1/8
May
4-1/4
3-7/8
Nov.
May
4-1/4
June
3-1/4
Feb.
4
Nov.
3-1/2
Aug.
7
Feb.
6- 3/8
Aug.
6-3/8
May
3-1/4
6-1/8
Nov.
Aug.
4-1/4
Feb.
4
7-1/2
Aug.
May
4-1/8
Feb.
3-1/2
Feb.
6-3/4
May
7
Feb.
3
Nov.
3-1/2
Total Treasury bonds
1974-C.....
1974-D.....
1974-B.....
1974-E.....
1974-A.....
1974-F.....
1975-A.....
1975-E.....
1975-F.....
1975-B.....
1975-B.....
1975-G.....
1975-D.....
1976-F.....
1976-A.....
1976-E.....
1976-B.....
1976-G.....
1976-C.....
1976-D.....
1977-A.....
1977-B.....
1978-A.....
1978-B.....
1979-A.....
1979-B.....
1980-A.....
1973-EO....
1974-EA....
1974-EO....
1975-EA....
1975-E0....
1976-EA....
1976-E0....
1977-EA....
1977-EO....
1978-EA....
1973.......
2,960
4,334
10,284
2,060
5,442
2 ,1 0 2
4,015
1 ,2 2 2
1,776
6,760
7,679
2,043
3,115
4,945
3,739
2,802
2,697
3,883
4,194
4,325
5,163
4,919
8,389
8,207
4,559
1,604
7,265
30
34
42
8
30
27
11
1987-92....
1988-93....
1988-93....
1989-94....
1990.......
1993.......
1993-98....
Total marketable public
Footnotes at end of Table TSO-6.
354
1,043
5,988
135
2 ,2 2 6
152
1,530
152
116
4,480
2,775
77
8 16
1 ,2 1 1
2,858
577
766
1,663
1,665
342
3,057
1,650
3,377
3,610
1,687
841
5,452
92 6
1,479
4 ,0 8 1
627
692
883
3,191
41,896
262,356
1 ,0 3 8
662
874
731
2,729
66 6
, 1,061
2,061
336
1 ,2 3 6
614
1,171
953
1,955
823
1,358
1,907
1,910
839
168
853
3
102
29
51
35
33
9
35
27
70
23
32
67
10
29
42
35
41
51
64
44
117
53
49
3
99
8
28
41
74
6
37
14
47
32
45
126
29
39
41
53
1
2
11
3
2
3
7l
4
*
12
15
1
10
63
4
6
2
61,
45
23
37
43
10
2
46
67
1
1 1
1
3
39
52
23
2
2 8
2
2
1
*
4
*
1
1
1
1
-
6 88
2,576
1,897
807
2,702
2,353
965
1,216
3,712
234
1 ,1 3 6
52
38
-
4,336
1 ,4 8 6
1,682
2,043
1,045
1,265
2
-
4 8 ,6 0 0
2,849
1,214
1,203
1,210
64
96
42
33
18
34
5
7
5
5
17
15
120,698
2 ,4 6 6
1975-85....
1978-83....
Held by investors covered in Treasury Survey
Insurance companies
U.S. Govern (5,612
479
485
ment ac
445 fire, savings 464
commer mutual 1
counts and
291
cial
casualty, and loan corpo
savings
Federal
and
life
associa rations
banks
banks
Reserve
marine
tions
2/
2/
banks
553
511
148
4 8 8
275
855
753
407
964
1,346
224
876
1,431
70
672
550
1,132
166
24 8
147
1
*
5
1
1
*
1
■
*
*
*
-
32,345
1,243
1,273
736
706
252
73
80
151
99
47
569
37
25
2 22
2 8
2 1
*
8
-
310
15
1 0
1 0
49
4
13
5
133
24
12
12
1 2 1
188
9
132
29
3
54
538
43
U
25
13,390
40
4,978
113
654
2,315
97,097
42,403
2,037
2,674
8 8 6
380
23
103
15
40
17
29
14
80
32
41
207
182
55
7
12 6
-
*
1
-
1,015
1,551
1 1 8
72
6 6
12
39
279
8
*
*
-
22
12
25
45
123
*
*
-
2 0
10
73
191
6
12
13
30
8 8
132
-
372
3
19
2 8
13
42
30
6
-
48
24
46
75
57
5
117
4
13
30
38
47
100
8
38
32
19
*
7
.
34
4
1 4 6
3
25
33
71
6
2
10
2 1
993
2 ,2 2 0
2
1
60
70
72
38
12
26
6 6
40
15
9
32
102
162
32
76
1
58
54
19
71
41
102
5
1 6 8
5
10
14
39
22
31
16
62
43
17
32
7
19
2
7
15
*
1
*
*
2
2
9
1 ,2 8 0
471
'315
372
143
110
34
83
87
129
55
39
84
-
12
2
2
13
1
5
*
16
3
*
14
4
-
1,129
1,188
1,617
629
1 ,6 4 0
643
1,094
2 3 8
2
622
1,195
1,677
1,067
1,099
1,075
483
802
3
1 ,1 2 0
2
6
1
1
7
*
3
1 8
27
4
8
_
1
_
-
31,701
9
1,314
452
894
458
383
629
974
398
4
30
47
17
7
120
6
23
20
98
41
90
39
1
11
1 0
22
*
3 26
13
7
16
2
4
15
29
32
26
8
8
11
8
10
1,782
521
590
19
9
143
2 1
20
2 ,2 2 8
2,511
351
34
24
45
29
23
27
17
14
41
32
_
.
_
_
•*
-
2 12
Memorandum:
Held by
/in
corporate
pension
trust
funds b/
874
1,407
1,693
1,103
1,590
2,490
*
_
_
_
*
*
-
1 10
10
2,341
75
29
149
17
58
50
60
31
1
*
1
33
34
3
5
7
___ 36
674
2 0 0
1
1
89
9
1
119
191
151
152
97
76
139
89
83
124
167
93
62
80
205
11
23
*
3
4
-
48
State and local Held by
cLL..L
governments
other
189
inves
315
pension tors 3 /
general and re
funds tirement
funds
21
4
16
17
4
1
6
6
3 26
937
641
373
217
1,314
59
165
677
1,763
2 0
8
1
29
_
*
*
*
_
_
536
51
12
2 0
1 8
7
20
29
1 1
1
5
7
8
1
40
10
1,394
46
91
1,812
38
26
29
25
1,099
171
585
1,598
14,587
9
14
31
11
24
4
4
336
3,944
8,697
1,468 ' 99,475
1,811
*
4
8
14
*
*
1
12
111
1 3 6
1 3 8
7
10
26 0
74
Treasury Bulletin
^TREASURY SURVEY OP OWNERSHIP.SEPTEMBER 30, 1973.
Table TSO-4. - Interest-Bearing Nonmarketable Public Debt Securities by Type
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
■type
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,612
commer
cial
banks
2/
479
mutual
savings
banks
2/
-
-
U.S. savings bonds:
Series E .....................
Series H .....................
52,220
7,616
•*
Total U.S. savings Bonds......
59,836
*
-
12,238
127
405
-
-
14,183
1,631
55
16
_
-
_
6
2,275
250
-
-
-
-
2,056
-
19
4
16
-
-
-
-
-
-
Other U.S. securities:
Certificates ofindebtedness:
Foreign Series.............
Foreign Currency Series......
Treasury certificates...... .
Treasury notes:
Foreign Series................
Foreign Currency Series......
Other..........................
Depositary bonds................
Treasury bonds:
R.E.A. Series.................
Investment Series B.........
Other..... .................
State and Local Government
Series:
Certificates of indebtedness.
Treasury notes................
Treasury bonds................
U.S. retirement plan bonds.......
U.S. savings notes................
Total other U.S. securities......
Total nonmarketable public
debt securities..................
Held by
all
other
inves
tors 2/
Held by
50,395
corporate
pension
trust
funds y
*
-
*
*
*
*
*
*
*
*
*
*
52,219
7,615
163
2
*
1
*
*
*
*
59,834
164
-
-
-
-
-
-
-
12,238
127
405
_
_
-
-
_
-
_
-
-
_
-
_
_
-
14,183
1,631
55
_
-
-
-
-
-
12
57
-
-
-
-
-
6
84
250
_
3
*
-
25
-
_
-
-
_
_
-
_
-
_
_
-
_
_
_
-
*
16 6/
MAmrYremriiim
MCIUUX
CLUUUJU*
«
Insurance companies 485.
State and local
savings 464
governments
291
445 fire, and loan corpo 315
189
rations
life
general pension
casualty, associa
tions
and re
and
funds
tirement
marine
funds
-
1
-
5
63
78
64
505
31,902
2,056
36 6/
4
16
25
3
*
12
57
5
63
78
64
505
29,694
91,737
2,056
36 6/
4
16
25
3
*
12
58
89.528
165
Held by
all
other
inves
tors 2/
Memorandum:
Held by
50,395
corporate
pension
trust
funds y
1
Table TSO-5.
Issue
ExDort-Inroort Bank:
5.30$ Feb. 1975 (Debentures)
5.70
Dec.
1976 (Debebtures)
6-1/4 Aug.
1977 (Debebtures)
6.45
Feb. 1978 (Debentures)
8.35
Aug. 1978 (Debentures)
6.60
May
1979 (Debentures)
Issues to State and Local Govts
(Mtg. Backed Bonds) 2/.......
Participation certificates.....
Total.........................
Federal Housing Administration:
(Debentures )..................
Government National Morteaere
Association:
Participation certificates....
Postal Services:
6-7/8$ Feb.
1982-97 (Bonds).
Tennessee Valiev Authority:
Short-term notes..............
8$
June 1974 (Bonds)....
8-3/4 June 1975 (Bonds)....
7-1/4 July 1976 (Bonds)....
4.40
Nov.
1985 (Bonds)....
4-5/8 July 1986 (Bonds)....
4-1/2 Feb.
1987 (Bonds)___
5.70
May
1992 (Bonds)....
6-3/8 Nov. 1992 (Bonds)....
8-1/4 Oct. 1994 (Bonds)....
9
Mar.
1995 (Bonds)....
9-1/4- June 1995 (Bonds)....
7.30
Oct. 1996 (Bonds)___
Footnotes at end of Table TSO-6.
Total
amount
outstand
ing 1/ 8/
300
300
400
300
300
200
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies 485
State and local
5,612
479
U.S. Govern commer
savings 464
mutual
governments
ment ac
corpo
291
445 fire, and loan
cial
savings
315
189
counts and banks
rations
associa
banks
life
casualty,
general pension
Federal
tions
and re
and
2/
2/
funds
Reserve
tirement
marine
funds
banks
*
8
30
125
108
108
137
79
76
1
7
11
8
2
10
*
143
575
2,518
5
115
138
771
12
50
419
59
36
4,445
1,695
24
22
2
32
_
2
*
1
*
13
32
54
6
13
_
*
*
12
20
12
16
7
112
7
135
143
38
2&L
82
, 82
263
936
7
10
35
72
8
17
-
1
60
134
*
470
197
37
178
61
36
96
528
1,146
70
3
1
1
4
5
13
167
9
_
1
*
*
*
•*
2
4
10
2
1
1
*
27
2
10
*
134
71
32
77
7
15
14
45
45
80
87
42
122
2
*
*
1
3
1
2
1
1
1
*
4
250
24
9
22
428
100
50
100
50
50
45
70
60
100
100
50
150
122
140
6
4
14
2
*
7
4
6
1
*
*
2
2
3
8
3
15
-
-
_
_
-
2
*
*
-
111
99
205
55
150
54
_
4
39
67
5
_
_
_
'
-
12
24
14
24
2
24
-
*
1
1
1
1
*
1
1
-
■
*
5
3
3
1
*
1
1
*
1
(Continued on following page)
_
1
1
.
*
_
_
_
_
_
«
_
2
2
1
2
_
_
-
2
_
_
*
_
_
1
-
-
*
32
30
27
18
10
12
3
5
7
_
_
*
*
...
75
November 1973
____________________ TREASURY 8URVBY OP OWNERSHIP,SEPTEMBER 30, 1973___________________________
Table TSO-5. - Securities Issued by Government Agencies - (Continued)
Total
amount
outstand
ing 1/ 2/
Issue
Tennessee ValleyAuthority
(Continued!:
7
Jan.
1997
(Bonds)...
7.35
May
1997
(Bonds)...
7.35
July 1997
(Bonds)...
7.40
Oct.
1997
(Bonds)...
7.35
Jan.
1998 (Bonds)...
7.35
Apr.
1998 (Bonds)...
7.3/4 July 1998
(Bonds)...
Total Government agency securities
covered in survey..............
150
150
150
150 *
100
150
150 ,
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
5,612
479
Insurance companies 485
U.S. Govern commey- mutual
464
ment ac
cial
savings
445 fire, and loan corpo
291
counts and banks
banks
life
casualty, associa rations
Federal
tions
and
2/
2/
Reserve
marine
banks
2,353
122
7
4
3
9
1
25
34
254
9,985
2,016
1,540
_
-
16
16
18
21
15
6
___4 _
148
453
2
2
2
4
2
*
2
2
_
1
10
9
7
4
-
_
-
31
6
53
2
2
1
3
2
2
42
162
207
245
218
-
*
State and local
governments
315
189
general pension
and re
funds
tirement
f;unds
*
Held by
all
other
inves
tors 2/
Memorandum:
Held by
50,395
corporate
pension
trust
funds y
21
2
12
6
2
3
5
17
119
105
111
104
71
112
92
191
1^484
3
2
*
9
*
12
3
44
404
874
3,866
133
_
-
2
-
Footnotes at end of Table TSO-6.
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the District o f Columbia
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Banks for cooperatives:
6.95$ Oct. 1973 (Debentures).
Oct. 1973 (Debentures).
7.30
Nov. 1973 (Debentures).
6.34
Dec. 1973 (Debentures).
6.85
Jan. 1974 (Debentures).
7.55
8.70
Feb. 1974 (Debentures).
Total.
Farmers Home Administration:
8-7/8$ Jan. 1975 (insured notes)
6-5 /8 Aug. 1976 (Insured notes)
Mar. 1977 (Insured notes)
6.35
June 1977 (Insured notes)
6.45
6 -7 /8 Aug. 1977 (Insured notes)
Dec. 1977 (Insured notes)
6.55
7.20
Mar. 1978 (Insured notes)
7-1/4 May 1978 (Insured notes)
July 1978 (Insured notes)
7.35
Jan. 1980 (Insured notes)
8.90
Nov. 1980 (Insured notes)
7
Mar. 1981 (Insured notes)
6.40
7-7 /8 June 1981 (Insured notes)
7.10
Jan. 1982 (Insured notes)
8 -5 /8 July 1985 (Insured notes)
7-1/2 Aug. 1986 (Insured notes)
7 -1 /8 Dec. 1987 (Insured notes)
7-1/2 Mar. 1988 (Insured notes)
7-1/2 May 1988 (Insured notes)
Total.
Federal Home loan Banks:
9-3/8$ Jan.
1974 (Notes)___
9.75
Feb. 1974 (Notes)....
Nov.
1973
(Bonds)___
5.55
8.40
Jan.
1974 (Bonds)___
7.10
Feb.
1974 (Bonds)___
8.40
Feb.
1974 (Bonds)___
May
6.35
1974 (Bonds)___
May
1974 (Bonds). . . .
6.45
Aug*. 1974 (Bonds)....
5-3/8
Aug.
1974 (Bonds)....
7.65
9 -5 /8
1974 (Bonds)....
Aug.
Nov.
1974 (Bonds)....
7.05
8
Nov.
1974 (Bonds)....
5-7/8
Feb.
1975 (Bonds)___
Feb.
1975 (Bonds)....
6.10
8.20
Feb.
1975 (Bonds)___
May
1975 (Bonds)....
7.15
May
1975 (Bonds)--8.05
Aug.
1975 (Bonds)....
7.78
Aug.
1975 (Bonds)....
7.95
Nov.
1975 (Bonds)--6-1/2
Nov.
1975 (Bonds)--7.05
Feb.
1976 (Bonds)___
7 -3 /8
Feb.
1976 (Bonds)....
8.75
Footnotes at end of table.
Total
U.S. Govern5,612
amount
commer
outstand counts and
cial
ing
Federal
banks
Reserve
2J
banks
57132/
100
259
66010/
458
53610/
1
2,58610/
1
200
150
400
300
400
403
300
301
301
150
300
200
250
350
300
150
200
201
200
5,057
500
700
600
300
300
250
300
700
400
176
800
1,000
221
400
250
500
700
265
500
300
350
600
300
300
—
-
11
7
8
4
1
2
5
8
7
5
21
2
1
9
89
5
10
8
-
14
1
10
-
38
.
2
_
4
23
-
*
20
8
3
7
mutual
savings
banks
291
life
2/
83
45
30
114
77
63
412
21
3
3
9
6
4
*
■
*
*
1
44
31
82
90
115
155
123
2
7
26
21
37
30
21
88
100
97
7
73
67
58
79
21
8
29
1
16
1,241
77
110
137
27
69
45
93
172
76
26
84
233
37
163
63
158
212
39
135
56
79
212
82
80
State and local
Held by
governments
all
485
other
445 fire, savings
189
464
casualty, and loan corpo 315
pension inves
and
associa rations general and re tors 2/
funds tirement
marine
tions
funds
Insurance companies
479
2
7
2
24
12
38
38
22
17
31
29
7
372
4
6
24
10
13
25
18
12
20
12
8
19
3
17
11
10
27
20
14
20
22
11
9
6
20
2
*
*
9
3
2
9
15
7
1
2
45
47
1
1
1
*
8
5
2
1
*
1
3
2
3
1
1
1
-
3
4
2
*
2
11
7
6
1
1
2
6
5
4
1
1
3
2
3
-
,
17
7
2
6
4
1
3
-
17
7
1
1
12
2
-
28
10
10
18
2
6
44
78
13
63
168
61
83
466
8
2
10
20
15
5
11
3
8
2
4
14
18
50
39
58
240
23
218
1
*
3
2
6
13
3
4
3
26
51
109
*
*
-
1
1
1
1
1
1
2
1
1
2
1
*
1
-
5
6
1
*
*
1
1
11
*
*
1
*
*
■ 3
1
1
2
(Continued on following page)
6
U
31
9
18
14
19
72
44
25
13
210
30
29
29
12
33
25
51
19
52
74
35
5
3
5
3
-
18
£5
_
19
2
24
84
37
7
30
143
53
243
128
178
229
170
190
170
86
105
63
112
191
113
69
78
92
69
-
1
1
1
-
42
1
*
_
4
4
3
4
*
1,559
1
14
56
16
29
2
-
8
-
2
24
12
9
9
-
3
-
350
35
161
343
290
378
7
4
7
3
2
3
7
4
39
61
5
79
70
6
36
2
9
33
1
40
5
4
39
4
5
44
38
56
46
291
*
*
-
-
3
2
1
2
*
*
Memorandum:
Held by
50,395
corporate
pension
trust
funds U
2
2
3
3
2
5
16
1
1
2
12
1
9
3
2
7
1
1
4
8
7
4
3
2
8
2,484
-74
384
503
292
236
185
156
151
397
185
108
593
402
145
133
132
281
287
169
221
180
176
228
166
199
3
7
18
2
1
2
5
7
1
2
24
14
2
1
1
8
12
1
3
1
4
8
3
2
76
Treasury Bulletin
.TREASURY SURVEY OP OWNERSHIP,SEPTEMBER 30, 1973.
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia - (Continued)
(Par values - in millions of (dollarsJ
Held by investors covered in Treasury Survey
Issue
Federal
7.20%
7.80
6.95
7.15
6.75
7.60
7.75
7.80
6.60
7.30
6.70
Total
amount
outstand
ing
Home Loan Banks (Continued):
600
May 1976
(Bonds)..... .
500
Aug. 1976
(Bonds)..... .
May 1977
(Bonds)..... .
200
300
Aug. 1977
(Bonds)..... ,
300
Nov. 1977
(Bonds)..... .
May 1978
(Bonds)..... ,
500
350
Feb. 1980
(Bonds)..... .
Oct. 1980
(Bonds).....
200
Nov. 1981
(Bonds)......
200
May 1983
(Bonds)......
200
Nov. 1973
FHLMC 10/
(Mtg. Backed Bonds)...
150
5.30 Aug. 1974
FHIMC 10/
(Mtg. Backed Bonds)..,
200
7.05 Aug. 1976
FHIMC 10/
(Mtg. Backed Bonds)...
400
6.15 Feb. 1977
FHLMC 10/
(Mtg. Backed Bonds)...
350
8.60 Nov. 1976-95 FHLMC 10/
(Mtg. Backed Bonds)...
140
7.75 Aug. 1977-96 FHIMC 10/
(Mtg. Backed Bonds)...
150
7.15 May 1982-97 FHIMC 10/
(Mtg. Backed Bonds)...
150
Issues to State and Local Govts.
FHLMC 8/ 10/ (Mtg. Backed Bonds)..
394
Total............................ 15,996
Federal Intermediate Credit Ranks?
5.70$ Oct. 1973
(Debentures)..
631 10,
560 10,
6
Nov. 1973
(Debentures)..
6.15 Dec. 1973
(Debentures)..
545 10,
212 IQ,
6.85 Jan. 1974
(Debentures)..
7
Jan. 1974
(Debentures)..
661 1&
6.90 Feb. 1974
(Debentures)..
697 10,
7
Mar. 1974
(Debentures)..
666 10,
7.50 Apr. 1974
(Debentures)..
424 m
8.65 May 1974
(Debentures)..
527 10,
9.75 June 1974
(Debentures).,
692 10,
5.95 July 1974
(Debentures)..
224 10/
6.05 Jan. 1975
(Debentures)..
240 10,
5.70 July 1975
(Debentures)..
302 10,
6.65 Jan. 1975
(Debentures)..
262 10,
7.10 Jan. 1977
(Debentures)..
236 10,
Total............................
6,880 10,
E§deral-_JLand £anks:
4-1/8$ Feb.
1973-78
(Bonds).
148
5.80
Oct. 1973
(Bonds).
462
7.80
Oct. 1973
(Bonds).
300 10,
5.55
Jan.
1974
(Bonds).
450
4-1/2
Feb.
1974
(Bonds).
155
5.85
Apr. 1974
(Bonds).
350
7.30
Apr. 1974
(Bonds).
354 m
5185
July 1974
(Bonds).
326
5.30
Oct. 1974
(Bonds).
300 10/
7.15
Jan. 1975
(Bonds).
300 IQ,
8-3/8
Jan.
1975
(Bonds).
220
4-3/8
Apr.
1975
(Bonds).
200
7.65
Apr. 1975
(Bonds).
300 10/
5.70
July 1975
(Bonds).
425
7.20
Oct. 1975
(Bonds).
300
6.25
Jan. 1976
(Bonds).
300
5
Feb. 1976
(Bonds).
123
6-1/4
Apr.
1976
(Bonds).
373
5-3/8
July 1976
(Bonds).
150
7.15
Oct. 1976
(Bonds).
' 450
7-1/2
July 1977
(Bonds).
550
6.35
Oct. 1977
(Bonds).
300 ,
5-1/8
Apr.
1978
(Bonds).
150
6.40
July 1978
(Bonds).
269
5
Jan.
1979
(Bonds).
509 10/
6.85
Apr.
1979
(Bonds)
235
6.80
Oct.
1979
(Bonds).
400 10/
6.70
Jan.
1980
(Bonds).
300
7-1/2
July 1980
(Bonds).
250
6.70
Apr. 1981
(Bonds).
224
6.90
Apr.
1982
(Bonds).
200
7.30
Oct.
1982
(Bonds).
239
Total............................
9,612
Federal National Mortgage Association
Discount Notes...................
1,698
Footnotes at end of table.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local Held by
governments
all
485
other
445 fire, savings
189
.
464
casualty, and loan corpo 315
pension inves
and
associa rations general and re tors 2/
tions
funds
marine
tirement
funds
Insurance companies
5,612
commer
cial
banks
2/
479
mutual
savings
banks
2/
291
life
4
2
7
35
11
8
4
238
168
44
87
85
171
46
34
63
8
18
12
13
6
5
6
20
15
15
18
1
1
1
1
2
*
*
1
*
*
*
1
3
1
3
2
1
1
29
28
12
13
17
31
15
7
2
1
48
20
5
16
28
2
_
2
-
76
47
1
12
6
7
12
2
2
13
_
3
_
_
1
1
2
1
_
2
-
33
11
- 1
*
5
2
15
-
59
3
-
-
10
5
*
18
1
47
16
166
2
_
8
85
12
2
Memorandum:
Held by
50,395
corporate
pension
trust
funds ij
188
220
129
174
166
245
215
128
107
154
4
4
1
6
3
6
6
5
4
22
*
83
1
9
_
114
2
17
8
_
172
3
11
10
_
175
*
4
-
4
16
2
1
7
_
106
11
-
9
13
14
1
2
-
_
17
95
17
-
3
10
1
1
3
2
4
31
95
2
248
3,766
533
36
59
1,111
445
394
1,253
68
8,474
228
4
18
38
4
10
7
82
197
117
68
62
105
82
171
75
74
54
18
31
9
17
23
14
14
14
14
1
_
*
*
2
*
*
*
2
2
2
1
2
1
1
1
2
6
12
1
1
2
24
14
17
8
11
7
12
19
9
3
26
14
24
24
17
230
11
19
48
1
_
14
15
*
_
9
3
10
1
_
12
41
36
65
10
56
94
129
35
73
104
8
7
9
14
9
691
*
_
_
2
1
_
*
*
_
_
2
_
*
_
4
2
2
11
15
33
27
17
_
2
7
4
'1
10
20
4
4
10
8
4
1
1
6
2
191
-
61
100
111
65
108
1,449
35
85
59
70
13
83
96
83
94
78
24
27
67
125
59
82
15
107
11
134
124
106
21
93
57
47
150
103
99
50
30
33
2,260
272
4
11
9
1
197
6
20
18
10
4
13
13
9
5
8
11
7
4
13
11
16
3
10
4
18
13
8
2
14
15
21
38
15
5
17
26
1
_
6
5
-
385
*•
3
1
*
•
2
2
*
1
1
1
2
1
*
*
1
*
2
1
6
*
1
2
*
*
_
1
35
25
-
9
(Continued on following page)
1
*•
2
1
21
.
143
12
1
_
16
10
10
109
7
3
1
355
238
1
95
2
35
11
46
11
11
13
10
10
36
32
10
6
1
4
10
8
10
55
2
16
7
29
*
13
8
5
7
_
15
519
*
51
20
667
3
1
11
1
3
1
7
*•
4
*
6
3
1
3
3
2
1
1
3
1
9
3
7
10
12
2
4
1
4
2
*
_
’
3
12
3
35
1
24
15
9
20
12
5
9
.5
54
12
19
4
28
2
6
33
10
1
6
12
1
1
5
,
1
4
45
4
16
18
.
_
10
3
2
*
23
10
_
_
20
5
13
2
10
2
_
_
338
338
336
113
445
441
319
279
355
514
123
104
136
147
81
3
2
9
2
15
4
6
2
6
4,059
5
3
*
2
2
1
62
43
81
247
204
272
107
158
180
186
142
147
157
98
173
217
201
165
88
213
115
247
299
151
95
115
373
147
171
155
125
138
135
177
5,477
5
5
2
3
4
1
3
3
1
5
2
4
6
2
4
1
5
2
5
3
4
3
3
1
2
5
3
4
10
2
6
9
120
9
653
7
_
_
3
*
_
*
1
2
_
*
3
6
2
7
6
*
2
2
*
3
1
*
*•
2
77
November 1973
..TREASURY SURVEY OP OWNERSHIP, SEPTEMBER 30, 1973.
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia - (Continued)
(Par values - in millions of dollars;
Held by investors covered in Treasury Survey
Issue
Federal National
(Continued):
5-3/4# Dec.
Dec.
7.15
Mar.
5.45
Mar.
7-3/4
5.70
June
June
7.90
Sept
5.65
Sept.
7.85
Dec.
6.10
Dec.
6.45
Mar.
6.35
Mar.
7.55
June
5-1/4
6.80
Sept.
7.50
Sept.
5.70
Dec.
Dec.
8.25
lyfar.
5.65
7-1/8
Mar.
June
5.85
June
6.70
Sept.
5.85
6-1/8
Sept.
Dec.
6.25
Dec.
7.45
Feb.
4-1/2
Mar.
6.30
6.50
June
June
6-3/8
6-7/8
Sept.
Sept.
7.85
Dec.
7-1/4
June
7.15
Dec.
6.75
June
7.85
Sept.
6.40
Dec.
6.55
Mar.
6-7/8
6.60
Dec.
Mar.
7.05
June
7-1/4
Sept.
7-1/4
June
6.65
6.80
Sept.
June
6.75
June
7.30
Sept.
6.75
June
6-1/4
Dec.
6.90
Mar.
7
June
7.05
Dec.
7.10 .
6 7
Oct.
8
4-3/8
7.40
8-3/8
8-5/8
Issues
ments
Total,
Total
amount
outstand
ing
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
Held by
governments
all
485
other
445 fire, savings
189
casualty, and loan 464
pension inves
corpo 315
and
associa rations general and re tors 2/
marine
tions
funds tirement
funds
Insurance companies
5,612
commer
cial
banks
2/
479
mutual
savings
banks
2/
291
life
Memorand-um:
Held by
50,395
corporate
pension
trust
funds ij
Morteraee Association
(Debentures).
1973
(Debentures).
1973
(Debentures).
1974
(Debentures).
1974
(Debentures).
1974
(Debentures).
1974
(Debentures).
1974
(Debentures).
1974
(Debentures).
1974
(Debentures).
1974
(Debentures).
1975
(Debentures).
1975
(Debentures).
1975
(Debentures).
1975
(Debentures).
1975
(Debentures).
1975
(Debentures).
1975
(Debentures).
1976
(Debentures).
1976
(Debentures).
1976
(Debentures).
1976
(Debentures).
1976
(Debentures).
1976
(Debentures).
1976
(Debentures).
1976
(Debentures).
1977
(Debentures).
1977
(Debentures).
1977
(Debentures).
1977
(Debentures).
1977
(Debentures).
1977
(Debentures).
1977
(Debentures).
1978
(Debentures).
1978
(Debentures).
1979
(Debentures).
1979
1980
(Debentures).
1980
(Debentures).
(Debentures).
1980
(Debentures).
1981
(Debentures).
1981
(Debentures).
1981
(Debentures).
1982
(Debentures).
1982
(Debentures).
1983
(Debentures).
1983
(Debentures).
1983
(Debentures).
1984
(Debentures).
1984
(Debentures).
1992
(Debentures).
1992
1982--97(Debentures).
(Capital
1973
Debentures)
Apr. 1975
(Capital
Debentures)
(Capital
Oct. 1966
Debentures)
Oct. 1982-97(Capital
Debentures)
(Mtg. Backed
June 1975
Bonds)
Oct. 1980-90(Mtg. Backed
Bonds)
to State and Local Govem(Mtg. Backed Bonds) 8/.....
District of Columbia:
Dec. 1970-79 (Bonds)___
4.20#
Footnotes on following page.
500
500
188
112
128
78
101
86
89
29
107
183
224
90
132
124
67
141
115
129
172
113
41
164
100
155
52
16
119
53
73
71
150
139
153
110
128
121
114
66
108
75
48
45
55
55
37
109
38
44
19
13
27
12
9
22
14
13
5
26
12
12
12
22
35
13
17
23
18
18
6
18
,7
11
29
26
15
15
24
9
25
12
12
13
2
4
12
19
1
25
50
30
28
9
17
23
33
13
13
4
32
20
22
34
14
23
*
*
*
1
1
*
2
_
*
5
_
2
1
2
*
*
*
_
_
*
*
*
11
_
_
*
4
_
*
_
_
1
_
1
9
2
3
*
1
*
4
*
8
10
17
170
266
198
216
165
211
160
175
105
160
254
100
216
442
191
251
104
240
165
244
137
221
128
230
176
114
277
74
139
145
175
157
296
112
166
130
159
126
140
258
145
136
134
97
117
143
121
96
154
113
117
124
13
-
125
2
23
*
117
1
-
23
14
23
11
27
27
23
15
18
21
38
21
97
50
30
54
8
86
29
61
39
61
28
58
13
13
59
10
16
21
31
150
98
4
_
16
13
6
3
2
9
9
11
5
8
2
12
13
13
5
13
11
30
10
6
2
2
2
5
4
4
13
8c
20
50
1
16
10
2
8
33
_
18
5
_
22
24
8
2
3
_
5
2
5
2
1
3
11
2
4
1
5
1
35
29
16
*
7
21
7
8
6
6
4
29
7
4
5
6
14
6
3
2
2
6
2
9
9
6
5
1
3
2
19
22
23
2
*
3
8
8
2
1
1
1
16
_
21
2
3
2
1
7
1
250
41
44
13
30
39
23
7
50
33
44
13
2
28
8
2
15
6
6
11
26
23
5
5
36
8
44
2
10
8
3
1
17
29
9
8
14
7
40
13
39
19
6
2
i
1
74
14
*
*
20
4
200
-
29
10
1
1
17
2
248
-
5
2
*
3
8
13
*
218
69
73
5
*
5
1
2
9
112
6
3
84
10
98
21
4
365
400
350
350
400
300
250
250
450
600
300
500
650
350
500
300
500
400
450
250
500
300
500
300
198
500
150
250
300
400
500
600
300
300
300
350
250
300
350
250
250
250 '
200
200
300
250
200
250
200
200
200
1
1
1
*
*
2
7
*
_
*
•*
*
1
*
1
1
1
1
1
*
*
*
3
6
2
*
-
2
1
9
4
1
1
*
6
4
•*
2
2
4
8
3
3
3
1
*
3
2
2
1
2
*
•*
*
4
5
*
1
13
1
*
2
7
1
2
2
4
3
2
1
1
2
1
2
1
1
2
1
3
-
*
250
15
27
250
1
30
9
2
1
12
200
17
9
21
1
4
7
553
21,597
826
5,367
1,074
54
123
1,548
20
-
*
3
*
1
5
-
-
390
-
3
13
126
553
1,748
124
10,340
1
2
*7
(
3
3
5
1
6
2
4
3
23
3
2
*
3
11
1
2
2
3
5
1
1
1
1
2
6
4
2
2
1
7
6
2
4
4
6
1
5
6
11
9
5
4
7
3
2
36
2
1
7
8
6
11
78
Treasury Bulletin
.TREASURY SURVEY OP OWNERSHIP,SEPTEMBER 30, 1973________________________ _
Footnotes to Treasury Survey o f Ownership Tables
1/ Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
2/ Includes trust departments.
2/ Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
ij Consists of corporate pension trust funds and profit sharing plans
which involve retirement benefits. The data are compiled from quar
terly reports by bank trustees who report total number of funds
administered and Public Debt and Agency Securities held. It is
estimated that these funds account for approximately 90 percent of
Federal Securities held by all corporate pension trust funds. Since
the data are not available each month, the regular monthly Survey
includes holdings by these funds under "Held by all other private
investors." The quarterly data are presented as supplemental
information in a memorandum column accompanying the Survey for each
reporting date, beginning with December 31, 1953.
2/ United States savings bonds, Series E, are reported to the Treasury
Survey at maturity value but have been adjusted to current redemption
value for use in this table.
6/ Includes $7 million depositary bonds held by commercial banks not
included in the Treasury Survey.
7/ Includes Export-Import Bank and Government National Martgage Associ
ation participation certificates.
8/ Includes matured securities outstanding on which interest has ceased.
2/ Direct Placements with State and Local Governments with various
interest rates and maturity dates.
10/ Includes securities issued for use as collateral for short-term
borrowings.
11/ Obligation of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks.
*
Less than $500,000.
79
November 1973
.MARKET QUOTATIONS ON TREASURY SECURITIES OCTOBER 31,1973.
The securities listed include all regularly quoted public
marketable securities issued by the United States Treas
ury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)_____
Issue date
Bank discount
13-week
26-week
13-week
26-week
Maturity
date
$2,502
2.501
2.501
2,503
2,502
2,491
2.502
2.503
2.501
2.503
2.502
2,499
$1,802
1,693
1,701
1.702
1,707
1,701
1,701
1,701
1,701
1.702
1.701
1.702
1,701
1,802
1.807
1,802
1,800
1.808
1,802
1.803
1.803
1,801
1.803
1,802
1,802
8/9/73
8/16/73
8/23/73
8/30/73
9/6/73
9/13/73
9/20/73
9/27/73
10/4/73
10/11/73
10/18/73
10/25/73
5/10/73
5A7/73
5/24/73
5/31/73
6/7/73
6/14/73
6/21/73
6/28/73
7/5/73
7/12/73
7/19/73
7/26/73
8/2/73
8/9/73
8/16/73
8/23/73
8/30/73
9/6/73
9/13/73
9/20/73
9/27/73
10/4/73
10/ll/73
10/18/73
10/25/73
' 11/8/73
11/15/73
11/23/73
11/29/73
12/6/73
12/13/73
12/20/73
12/27/73
1/3/74
1/10/74
1/17/74
1/24/74
1/31/74
2/7/74
2/14/74
2/21/74
2/28/74
3/7/74
3/14/74
3/21/74
3/28/74
4/4/74
4/11/74
4/18/74
4/25/74
Change from
last month
Bid
7.58$
7.38
7.17
7.17
7.04
7.04
7.01
7.01
7.21
7.24
7.26'
7.30
7.36
7.39
7.38
7.38
7.38
7.37
7.38
7.39
7.37
7.39
+.14$
-.04
-.19
-.18
-.16
-.11
-.11
+ .03
+.07
+ .05
-.09
-.17
-.26
-.30
-.34
-.34
-.33
-.31
-.28
-.27
Amount
Outstanding
(millions)
Issue
date
one-year
one-year
$1,802
1,800
1.804
1,801
1,790
1,802
1,800
1,801
1,802
1.804
1.805
1,802
1,802
11/30/72
12/31/72
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
10/9/73
8/28/73
9/25/73
10/23/73
Bank discount
Maturity
date
11/20/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/27/74
9/24/74
10/22/74
Bid
Change from
last month
7.22$
7.01
7.24
7.38
7.37
7.39
7.36
7.31
7.29
7.29
7.29
7.18
6.93
-.17$
-.13
-.05
-.34
-.32
-.18
-.22
-.28
-.29
-.26
-.19
-.14
7.41
7.41
7.39
Table MQ-2. - Treasury Notes
Price
Amount
outstanding
(millions)
2,960
4,334
10,284
2,060
5,442
2,102
4,015
1,222
6,760
1,776
7,679
2,043
3,115
3,739
^2/
4,945
2,697
2,802
4,194
3,883
4,325
5,163
4,919
8,389
8,207
4,559
1,604
2/
7,265
34
42
8
30
27
11
5
17
15
1
Description
7-3/4$
7-1/4
5-5/8
6
5-3/4
5-7/8
5-3/4
5-7/8
6
5-7/8
5-7/8
8-3/8
7
6-1/4
7
5-7/8
6-1/2
5-3/4
7-1/2
6-1/2
_
6-1/4
8
7-3/4
6-1/4
6
_
6-1/4
6-5/8
7
6-7/8
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
_
_
_
-
_
_
_
_
_
_
-
_
_
_
-
_
_
-
Footnotes at end of Table MQ-3.
2/15/74-C
5/15/74-D
8A5/74-B
9/30/74-£
11/15/74-A
12/31/74-F
12/15/75-A
2/15/75-E
5/15/75-B
5/15/75-F
8/15/75-C
9/30/75-G
11/15/75-D
2/15/76-A
I2/ 31/ 75-G
2/15/76-F
5/15/76-B
5/15/76-E
8/15/76-C
8/15/76-G
11/15/76-D
2/15/77-A
8/15/77-B
2/15/78-A
11/15/78-B
8/15/79-A
11/15/79-B
11/15/79-C
5/15/80-A
4/1/74-EA
10/1/74-E0
4/1/75-EA
10/1/75-E0
4/1/76-EA
10/1/76-E0
4/1/77-EA
10/1/77-E0
4/1/78-EA
1O/1/78-E0
Change
from last
month
Bid
99.31
99.29
98.23
98.30
98.20
98.20
98.14
98.23
98.24
98.16
98.12
102.19
100.05
98.22
100.03
97.29
99.03
97.16
101.24
99.03
98.15
103.14
102.30
97.30
96.22
97.30
99.01
100.15
,100.04
96.02
93.12
91.08
89.00
87.00
85.12
83.24
82.00
79.28
79.04
(Price decimals are 32nds)
Yield
'
-.01
+ .04 + .09
+ .12
+.15
+ .15
+.11
+.18
+.16
+ .13
+ .10
+.11
+.03
-.04
_
-.03
-.06
+.02
-.02
-.07
+. 0 1
-.08
-.12
-.06
-.10
+ .02
-.13
-
-.10
+.24
+ .12
+ .12
t.16
+ .14
+ .16
+.14
+.14
+.16
To
maturity
7.73$
7.43
7.33
7.23
7.15
7 13
7.04
6.93
6.87
6.92
6.86
6.90
6.92
6,88
6.95
6.88
6.90
6.84
6.80
6.86
6.82
6.82
6.86
6.81
6.79
6.69
6.82
6.90
6.85
11.49
9.23
8.18
7.80
7.49
7.15
6.93
6.82
6.86
6.54
Price range sine
Change
from last
month
Issue
date
+ .06$
-.19
-.18
-.30
-.34
-.32
-.19
-.38
-.29
-.22
-.14
-.24
-.05
+ .08
8/15/70
11/15/70
8/15/68
10/19/72
11/15/67
12/28/72
2/15/68
10/22/71
5A5/68
4/3/72
2/14/71
9/4/73
8/15/71
2/15/69
11/15/73
8/15/72
5/15/69
2/15/72
10/1/69
2/15/73
9/8/71
2/15/70
8/15/70
2/15/71
11/15/71
8/15/72
2/15/73
11/15/73
5/15/73
4/1/69,
10/1/69
4/1/70
10/1/70
4/1/71
, 10/1/71
4/1/72
10/1/72
' 4/1/73
10/1/73
-
+ .0$
+ .09
+. 0 1
+.01
+ .10
+. 0 1
+ .06 +.09
+ .06
+ .09
-.01
+.08
-
+ .06
+ .03
+ .24
+ .09
-.03
-.01
+.05
-.03
-.03
-.05
High
Low
Price
Date
109.13
108.12
103.28
100.20
3/22/71
3/21/71
3/22/71
11/16/72
3/22/71
12/21/72
3/22/71
1/14/72
3/22/71
5/30/72
3/22/71
10/30/73
1/14/72
3/22/71
10/31/73
8/9/72
3/22/71
2/17/72
3/22/71
2/15/73
12/28/71
3/22/71
3/22/71
3/22/71
1/14/72
11/15/72
4/9/73
10/30/73
10/9/73
10/31/73
10/31/73
10/31/73
5/31/73
6/29/73
6/29/73
‘ 6/29/73
6/29/73
4/30/73
10/31/73
104.20
99.30i
104.20
102.10
105.22
101.07
105*00
102.24
106.09
106.28
100.03
100.01J
107.24
101.00
111.28
99.26
103.27
114.08
114.00
106.20
101.08
100.20
100.06
101.00
100.22
96.02
93.12
91.08
89.02
87.12
85.20
84.18
82.16
80.30
79.04
Price
99.07
98.18
89.14
96.18
89.22
96.01
99.18
96.00
90.00
95.16
95.01
100.16
97.06
91.20
100.03
94.04
92.16
93.12
97.28
95.08
94.07
99.24
98.12
92.30
91.06
92.21
93.30
100.15
94.10
76.00
73.30
74.26
76.16
80.02
80.26
80.02
80.16
79.20
79.04
Date
8/7/73
8/8/73
12/29/69
8/7/73
12/29/69
8/7/73
12/29/69
5/18/71
8/7/73
8/7/73
9/11/73
8/7/73
1/30/70
10/31/73
8/7/73
1/30/70
8/7/73
5/4/70
8/7/73
8/7/73
8/7/73
8/7/73
8/7/73
8/7/73
8/7/73
8/7/73
10/31/73
8/7/73
1/30/70
1/30/70
5/29/70
10/30/70
6/30/71
10/29/71
4/28/72
10/31/72
7/31/73
10/31/74
so
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 31,1973____________________ —
Table MQ-3. - Treasury Bonds
(Price decimals are 32nds)
Yield
Price
Amount
out
standing
(millions)
$4,336
2,466
2,848
1,214
1,203
1,485
2,576
1,897
807
2,702
2,353
962
1,216
4,049
3,704
231
627
926
1/
1,477
65
692
3,168
Description
4-1/856
4—1/8
4-1/4
3-7/8
4-1/4
3-1/4
4
3-1/2
7
6-3/8
6-3/8
3-1/4
6-1/8
3-1/2
4-1/4
4
6-3/4
7-1/2
7-1/2
4-1/8
3
7
3-1/2
_
-
_
_
-
Bid
11/15/73
2/15/74
5A5/74
11/15/74
5/15/75-85
6/15/78-83
2/15/80
11/15/80
8/L5/81
2/15/82
8/15/84
5/15/85
11/15/86
2/15/90
8/15/87-92
2/15/88-93
2/15/93
8/15/88-93
8/15/88-93
5/15/89-94
2/15/95
5A5/93-98
11/15/98
Change
from
last
month
y
Ij
y
y
y
y
y
y
y
1/
y
y
y
99.25
99.00
98.14
97.00
81.08
76.30
85.16
82.06
101.20
98.08
96.26
76.28
94.30
76.28
78.00
77.24
94.20
101.14
101.12
78.16
76.26
96.24
76.26
'
+.07
+.09
+.13
+.22
+.04
+.06
.00
+ .08
+.24
+1.22
+.18 '
+.08
+1.00
+.06
-1.00
+.14
-2.04
-3.00
-
+.24
+.08
-2.30
+.04
Price range since first traded l/
To first
call or
maturity
2/
Change
from
last
month
Iesue
date
10*15#
7.64
7.28
6.93
6.60
6.51
6.88
6.72
6.73
6.65
6.80
6.07
6.71
5.70
6.26
5.96
7.27
7.34
7.35
5.95
4.74
7.29
5.16
+2.45#
-.01
-.28
-.44
.00
-.01
+.03
-.02
-.13
-.27
-.07
-.02
-.12
-.01
+.11
-.04
+.21
+.32
7/22/64
1/15/65
5A5/64
12/5/57
4/5/60
1/ Beginning April 1953, prices are closing bid quotations in the over
the counter market. , Prices for prior dates are the mean of closing
bid and ask quotations. ’
'When issued" prices are included in the
history beginning October 1941* Dates of highs and lows in case of
recurrences are the latest dates.
2/ For amounts to be issued on November 15, 1973, see "Treasury Finan
cing Operations" in the front of this issue of the Treasury Bulletin,
Prior tc issuance, these prices prepresent "when issued" trading.
2/ Or callable issues market convention treats tne yields xo earliest
-
-.07
-.02
+.26
-.01
5/1/53
1/23/59
10/3/60
8/15/71
2A5/72
8A5/72
6/3/58
11/15/71
2A4/58
8/15/62
1A7/63
1A0/73
8/15/73
8/15/73
4/18/63
2/15/55
5/15/73
10/3/60
Low
High
Price
Date
Price
Date
100.01
99.28
101.07
110.24
105.28
111.28
103.18
97.24
110.02
101.14
99.24
101.04
100.20
106.26
11/12/64
3/22/71
1/12/64
4/22/58
5/5/61
85.24
84.28
84.22
82.14
66.30
62.02
71.04
66.24
98.08
92.16
91.10
61.08
89.12
59.20
63.00
62.18
89.22
95.07
101.12
61.26
59.20
90.26
59.20
12/29/69
12/29/69
12/29/69
12/29/69
5/26/70
5/26/70
12/29/69
5/24/70
8/8/73
8/7/73
8/7/73
5/26/70
8A/73
5/26/70
5/26/70
5/26/70
8/7/73
8A/73
10/31/73
5/26/70
5/26/70
8/7/73
5/26/70
104.10
100.11
99.22
104.14
101.12
100.26
101.12
99.22
95.14
8/4/54
5/12/61
5/12/61
11/5/71
3/9/72
11/15/72
6/11/58
11/5/71
4/21/58
12/26/62
1/16/63
1/4/73
9/28/73
10/31/73
8/28/63
6/18/55
9/28/73
5/12/61
call date as more significant when an issue is selling above par,
and to maturity when it is selling at per or below.
y
Included in the average yield of long term taxable Treasury Bonds
as shown under "Average Yields of Long Term Bonds."
5/ For additional amounts of the existing 7-1/2# bond to be issued on
November 15, 1973, see "Treasury Financing Operations" in the front
of this issue of the Treasury Bulletin. Prior to issuance, the prices
on this portion of the bond will be quoted on a "when issued" basis.
YIELDS OFTREASURY SECURITIES, OCTOBER
31,1973
B a s e d o n C l o si n g B i d Q u o t a t i o n s
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
*
PERCENT
'O
u!
«©
a
o
>
o
z
a>
O
z
§
>
§
g
CO
M
O
a
M
GO
o
o
H
o
w
«
CO
<!
CO
/Ifote:
smooth curve is fitted by eye. Market yields on coupon issues due in less than 3 months are excluded.
Po
Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BOWna
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
S. I. A.
Aa new
corporate new Aa
municipal
bonds 2/
bonds 2 /
Treasury
bonds 1/
Period
S. I. A.
S. I. A.
Treasury Aa new
new Aa
new Aa
corporate
bonds 1/
municipal
municipal
bonds 7 j
bonds 2 /
bonds 2 /
Monthly series - averages of daily or weekly series
Treasury
bonds 1/
Aa new
corporate
bonds 7 j
1962
4.08
4.09
4.01
3.89
3.88
3.90
4.02 1/
3.98
3.94
3.89
3.87
3.87
Feb.............
Mar.............
Oct.............
Feb............
Sept.........'...
Ojfet.............
Nov.............
Period
3.89 A /
3.92
3.93
3.97 Ij
3.97
4.00
4.01
3.99
4.04
4.07
4.11
4.14
4.15
4.14
4.18
4.20
4.16
4.13
4.13
4.14
4.16
4.16
4.12 1/
4.14
Treasury
bonds 1/
4.56
4.53
4.41
4.37
4.32
4.30
4.41
4.39
4.28
4.26
4.23
4.28
1963
4.22
4.25
4.28
4.35
4.36
4.32
4.34
4.34
4.40
4.37x
4.42
4.49
196A
4.50
4.39
4.45
4.48
4.48
4.50
4.44
4.44
4.49
4.49
4.48
4.49
Aa new
corporate
bonds 2/
1965
3.25
3.15
3.10
2.95
3.05
3.15
3.20
3.08
3.05
2.95
2.90
3.00
4.14
4.16
4.15
4.15
4.14 1 /
4.14
4.15
4.19
4.25
4.28
4.34
4.43
4.45
4.45
4.49
4.48
4.52
4.57
4.57
4.66
4.71
4.70
4.75
4.92
1966
3.00
3.08
3.10
3.05
3.10
3.20
3.20
3.15
3.30
3.30
3.35
3.45
5.18
5.16
5.39
5.28
5.40
5.23 2/
5.09
5.04
5.09
5.24
5.36
5.66
2.98
3.00
2.95
3.00
3.00
3.10
> 3.08
3.00
' 3.10
3.10
3.20
3.15
4.43
4.61
v 4.63
4.55
' 4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
3.65
3-63
3.65
3.45"
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
3.08
3.05
3.15
3.18
3.15
3.20
3.10
3.10
3.15
3.15
3.12
3.10
4.40
4.47
4.45
4.51
4.76
4.86
4.86
•4.95
4.99
5.19
,5.44
>5.36
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 1/
5.97
S. I. A.
new Aa
municipal
bonds 2/
1973:
May 4
11
18
25
6.25
6.23
6.27
6.29
7.65
7.67
7.71
7.73
5.08
4.97
5.20
5.02
June' 1
8
15
22
6.31
6.31
6.29
6.32
7.62
7.66
7*71
7.83
5.25
5.13
4.99
5.16
Period
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
Weekly series - average for weeks ending 1973:
July 6....,
5.20
7.89
6.44
5.10
7.91
13--6.43
6.50
20___
5.09
7.93
27___
8.15
6.63
5.43
Aug.
3....,
10___
-17....,
24--31---
6.95 V
7-24
6.87
6.74
6.62
1/ Treasury bond yields are based on a composite of closing bid quota
tions in the over-the-counter market. Series includes bonds on Tatfiich
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds, with
5 years cstll protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protection.
8.41
§•49
8.47
8.45
8.42
5.55
5.80
5.32
5.23
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
1969"
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
9.00
8.84
9.00
9.09
9.53
9.70
9.09
9.08
9.00
9.14
8.97
8.13
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 A /
5.48
5.62
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
5.62
5.67
5.66
5.74
5.64
5.59
5.59 A /
5.59
5.70
5.69
5.51
5.63
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.20
5.96 U
6.14
6.20
6.11
6.25
6.32
6.53
6.85 A/
6-41
6.25
. S. I. A.
Aa new
new Aa
corporate municipal
bonds 2/
bonds 2/
1221
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
1972
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
1973
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.96
5.40
5.10
5.005.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
S. I. A.
new Aa
municipal
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
28.....
6.45
6.51
6.43
6.27
8.31
8.21
8.03
7.84
n.a.
5.02
4.98
4.85
5..... .
12.....J
19......
26, ,,
6.26
6.19
6.26
6.28
7.75
7.82
7.99
8.15
5.14
4.70
4.90
4.90
Period
1973:
14......
Oct.
Treasury
bonds 1/
Th§' value of 5 years call protection in that period ranged from 10 to
25 basis points.
1/ Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
One or more new long-term bonds added to the average.
An existing bond dropped from the average.
Not available.
%
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE AND MUNICIPAL BONDS
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
Monthly Averages
9.0
9.0
8.0
8.0
7.0
7.0
New Aa
Corporate Bonds
6.0
6.0
Treasury Bonds
5.0
5.0
S.IA. New Aa
Municipal Bonds
4.0
4.0
3.0
3.0
1963
1964
1965
1966
1967
1968
1969
1970
* Change in Aa computation method effective June 1973. See footnote 2 following Table AY-1.
1971
1972
1973
Treasury Bulletin
84
INTERNATIONAL FINANCIAL STATISTICS___________________________________
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position. A number of changes
were introduced in the May 1967 and July 1972 issues of the
Bulletin to increase the usefulness of this section.
Table IFS-1 shows the reserve assets of the United Stfctes,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve
position in the International Monetary Fund.
Table IFS-2 brings together statistics on liquid and
nonliquid liabilities to foreign official
institutions,
and liquid liabilities to all other foreigners, which are
used in the United States balance-of-payments
statistics.
'Table IFS-3 presents an area breakdown of United States
liquid and nonliquid liabilities to official institutions of
foreign countries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents United States net monetary -gold
transactions with foreign countries and international and
regional organizations.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
Total
reserve
assets
Total 2/
Treasury
8/
2/
22,857
20,582 ’
19,507
17,80/.
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2/
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 £/
13,159
11,982
10,367
10,367
10,732
13,313
13,307
13,151
13,054
12,926
,12,931
12,904
12,916
12,914
12,918
12,923
12,927
14,367 10/
10,487
10,487
10,487
10,487
10,487
10,487
10,487
10,487
10,487
10,487
10,487
10,487
11,652 10/
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964
14,487
12,167
13,151
1972-Oct..........................
1973-Jan..........................
Feb..........................
M a y ...................
S e p t ...... ...;..............
7/
1/ Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
2/ Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See "Account
of the Treasurer of the United States," Table TUS-4.
2/ Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation on
January 1, 1972 of $710 million of special drawing rights (SDR) in the
Special Drawing Account in the International Monetary Fund, plus or
minus transactions in SDR.
4/ Includesholdings of Treasury and Federal Reserve System.
2/ The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts equal to the United States quota. See\Tab]e TFS-5.
6/ Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for aU.S. quota increase which
10,132
10,410 2/
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10,410
10*,410
11,567 10/
7/
8/
9/
10/
Special
drawing
rights j|/
_
_
_
_
_
_
_
_
_
_
851
1,100
1,958 2/
1,958
1,958
1,958
1,958
1,958
1,958
1,949
1,949
1,949
1,949
1,949
1,949
2,166 10/
Convertible
foreign
currencies ij
Reserve
position in
International
Monetary Fund ji/
1,975
116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
414
403
241
140
8
8
8
16
8
8
8
8
8
1,958
1,997
1 555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324
1,935
585
465 2/
454
459
465
469
473
478
460
464
470
474
479
483
541 10/
became effective on February 23, 1966. In figures published by the
Fund from June 1965 through January 1966,, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million restating from revaluation of the German
mark in October 1969, of which $13 million represents gain on German
mark holdings at time of revaluation. See also footnotes 3 and 4,
Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971. See
also footnotes 3 and 6, Table IFS-4.
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund.
Total reserve assets include increase of $1,436 million resulting
from change in par value of the dollar on October 18, 1973, consisting
of $1,165 million total gold stock, $1,157 mitiion Treasury gold
stock, $217 million special drawing rights, and $54 million reserve
position in the International Monetaiy Fund.
November 1973
85
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2. - U.S. Liquid and Other Liabilities to Foreign Official Institutions,
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
End of
calendar
year
or month
195 7
195 8
195 9
1960 1 0 /........
1961 1 0 /........
1962 IQ/........
1963 1 0 /........
1964 1 0 /____
196 5
.
1966 1 0 /........
1967 1 0 /........
1968 1 0 /........
1969 1 0 /........
1970 1 0 /........
1971 1 0 / 12/,
197 2
1972-Sep t
Oct....
Nov....
Dec....
1973-Ja..... n
Feb....
Max....
Apr....
May....
June....
July....
Aug. p..
Sept. p.
Note:
1/
K
sj
i/,
6/
2/
Total
15,825 2/
16,845 2/
19,428
fz 0,994
121,027
/ 22,853
\22,936
/ 24,268
124,268
J 26,433
^26,394
J 29,313
^29,364
29,569
f 31,145
Liquid
liabil
ities
to IMF
arising
from
gold
trans
actions 1/
200
200
500
800
800
800
800
800
800
800
800
800
800
834
^31,020
1,011
1,011
'35,819
35,667
38,687
38,473
1.033
1.033
f 45,755 11/
1/5,914
f47,009
[46,960
f67,681
|67,808
82,900
79,728
81,420
82,372
82,900
82,073
87,870
90,878 3J/
90,596 U /
92,103
92,184
93,263
92,634
92,527
1,030
1,030
1.019
1.019
566
566
544
544
Official institutions 2/
Liquid
Total
n.a.
n.a.
jShort- Market
able
term
liabil U.S.
ities
Treasury
reported bonds
by banks and
in U.S. notes 2/
10,120
7,917
8,665
9,154
n.a.
n.a.
966,
11,078
11,088
10,212
10,212
866
11,830
11,830
10.940
10.940
11,997
11,963
12.467
12.467
13,224
12,948
12,914
14,459
14,425
15,790
15.786
15,826
14,841
14,896
18,201
18,194
17,407
17,340
13,220
13,066
12,484
12,539
14,034
14,027
11,318
11,318
15,975 11/ 11,054
15,998
11,077
23.786
19.333
23.775
19.333
51,209
39,679
39,018
50,651
39.994
61.520
60,075
39,633
40,266
60,931
61,127
40,045
61.520
39.994
60,797
38,535
68,475
45,413
71,331
46,924
70,748
45,949
70,902
46,099
70,681
45,693
71,019
46,129
70,503
45,714
69.775
45,172
876
890
890
751
751
1,217
1,183
1.125
1.125
1,105
■ 860
860
908
908
529
462
346
346
306
295
1.955
1.955
5.236
4,117
4,457
4,834
5.236
5,798
6,377
6,917
6.934
6.934
6.934
6.934
6,906
6,914
Table is based on Treasury Department data and on data reported to
the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of nonmarketable, nonconvertible U.S. Treasury notes issued to foreign official nonreserve agencies and the inclusion of investments by foreign
official reserve agencies in debt securities of U.S. Federally-spon
sored agencies and U.S. corporations. Table excludes International
Monetary Fund "holdings of dollars," and holdings of U.S. Treasury
letters of credit and nonnegotiable, noninterest-bearing special U.S.
notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary Fund
to mitigate the impact on the U.S. gold stock of foreign purchases for
gold subscriptions to the Fund under quota increases, and U.S. Govern^
ment obligations at cost value and funds awaiting investment obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; break
down of transactions by type of holder estimated 1960-1963.
Includes long-term liabilities reported by banks in the United States
and debt securities of U.S. Federally-sponsored agencies and U.S.
corporations.
Excludes notes issued to foreign official nonreserve agencies.
Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Non
marketable
convert
ible U.S.
Treasury
bonds
and
notes
Other
readily
market
able
liabil
ities V
Nonmarketable
non
convert
ible U.S.
Treasury
bonds and
notes 5/
Liquid liabilities
to other foreigners
Liquid
liabil
ities
to
banks 6/ Total
3,472
3,520
4,678
4,818
4,818
200
200
703
703
1.079
1.079
9
9
158
158
1,201
120
256
256
711
711
701
701
913
913
1.807
1.807
2.341
2.341
555 11/ 1.505
555
1.505
695
429
429
695
6,060
144
144
6,093
12,108
543
426
12,095
460
12.097
12.098
499
12,108
543
12,110
574
12,11(3
948
12,128 12 1,745
12.245
1,989
1,996
12.245
12.245
2,004
2,006
12.245
12.319
2,009
2,015
12.319
8/
2/
10/
11/
12/
13/
14/
n.a.
63
63
204
204
334
328
328
741
741
2,518'
2,518
2.515 11/
2.515
3.023
3.023
3,371
3,441
3.639
3.804
3.651
3.651
3.639
3,780
3.627
3,617
3,631
3.628
3.805
3,705
3,555
3,355
5,404
5,484
5.346
5.346
5.817
5.817
7,271
7.,303
7,419
10,116
9,936
11,209
11,085
14.472
14.472
23,638
23,645
17,137
17,169
10,262
10,949
14,802
13,577
14,173
14,776
14,802
14,793
12,809
12,952
13,070
14,296
14,482
15,438
15.214
15.214
Short
term
liabil
ities
reported
by banks
in U.S.
Market
able
U.S.
Gov’
t,
bonds
and notes
^ n.a.
n.a.
2,940
2,252
2,430
2,399
2,773
2,780
2,871
2,873
3.013
3.013
3,397
3,387
3,730
3,753
4,059
4.271
4.272
4,685
4,678
2,230
4,120
n.a.
n.a.
541
543
550
516
516
448
448
351
341
376
376
472
528
528
558
558
5,053
4,909
4.444
4.444
609
465
4,464
4,589
4,676
4,604
4,138
4,141
4.952
4,630
3,939
4,064
4,029
4,039
3,691
3,694
4.527
4,241
4,416
4,322
4.527
4,466
4,595
4,583
4,749
4,762
4,937
4,883
4,987
5,138
525
525
647
565
447
447
4,822
4,745
4.952
4,891
4,967
4,959
5,148
5,146
5,320
5,257
5,322
5,485
2,230
2,355
2,357
2.565
2.565
3.046
3.046
3,354
3,377
3,587
3.743
3.744
4,127
2/ 1/
425
389
406
423
425
425
372
376
399
384
383
374
335
347
Liquid
liabili
ties
to non
monetary
interna
tional
and re
gional
organi
zations
8/
764
1,047
1,190
1,525
1,541
1.948
1.949
2,161
2,195
1,960
1,965
1.722
1.722
1,431
906
905
691
677
725
722
659
663
844
846
1,528
1,523
1,626
1,446
1,494
1,724
1,626
1,592
1,619
1,636
1,630
1,759
1,701
1,549
1,595
2,053
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first bime; and foreign currency liabilities to official
institutions of foreign countries are increased in value to reflect
market exchange rates as of December 31, 1971, as follows: U.S.
Treasury certificates, $7 million; nonmarketable convertible U.S.
Treasury bonds and notes, $33 million; and nonmarketable nonconver
tible U.S. Treasury bonds and notes, $70 million.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Includes $147 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued
to reflect market exchange rates, as follows: short-term liabilities
$15 million; nonmarketable convertible U.S. Treasury notes $113
million; nonmarketable nonconvertible U.S. Treasury notes $19 million.
Not available.
p- Preliminary.
Treasury Bulletin
86
.INTERNATIONAL FINANCIAL STATISTICS,
Table IFS-3. - U.S. Liquid and Other Liabilities to O fficial Institutions
of Foreign Countries, by Area
(In millions of dollars)
End of
calendar year
or month
196 3
196 4
.
.
196 5
.
1966 2 / . . ..
196 7
.
1968 2/• ••
1969 2 / , . . ,
1970
2/.. .
1971
2/ £/■
197 2
-
.
1972-Sept..,
Oct...,
Nov...,
Dec...,
1973-Jan...,
Feb....
Mar....
Apr....
May...,
June...
July...
Aug .p.,
Sept ,p
Total
foreign
countries
Western
Europe
1/
T
Asia
Africa
Other
countries
2/
14,425
8,508
1,789
1,058
2,740
154
15.786
15,826
9,325
8,826
7.772
7.772
1,812
178
1,310
1,310
10,321
1,310
8,070
8,062
1,866
1,582
1.865
1.865
194
278
278
250
-245
1.333
1.333
3,028
3,309
3,900
3,955
4,428
160
1,702
1,283
1,550
7,074 y
7,07A
1.624
1.624
14,841
14,896
18,194
17,407
17,340
15,975 A/
15,998 4 /
23.786
23,775
51,209
^ 50,651
61,520,
60,075
60,931
61,127
61,520
60,797
68,475
71,331,6/
70,748 2/
70,902
70,681
71,019
70,503
69,775
13,620
13,615
30,010
30,134
34,197
35,985
35,078
34.608
34,197
34,146
40,773
45,229. 6/
45.608 2/
46,641
46,962
47,140
47,260
47,099
1,867
1,888
1,911
1,681
2.951
2.951
3.980
3.980
4,279
4,469
4,468
4.289
4,279
4,201
4.290
4,221
4,157
4,104
4,1114,043
3,836
3,759
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nanmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign official nonreserve agencies; and investments by foreign official reserve
agenciea in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations. The table does not include certain nonliquid
liabilities to foreign official institutions which enter into the cal
culation of the official reserve transactions balance by the Depart
ment of Commerce.
Includes Bank for International Settlements and European Fund.
Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
2/
2/
Latin
American
Republics
Canada
4/
Jjj/
6/
7/
p
5,043
4,997
4.552
4.552
1,681
4,713
4,708
1,414
1,429
1,731
14,519
13,823
17,573
1,368
1,473
1,444
1,731
1,728
1,895'
1,749
1,915
1,903
1,993
2,073
2,004
1,862
15,291
16,805
17,372
17,573
17,034
17,907
16,564
15,415
14,417
13,725
13,686
13,631
13,286
176
248
259
248
303
303
248
302
546
546
407
407
415
415
777
291
291
685
616
694
777
673
809
823
839
940
992
928
738
769
414
413
871
870
2,963
2,277
2,491
2,720
2,963
3,015
2,801
2,745
2,814
2.897
2.898
3,149
3,034
3,000
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar -value of foreign'•currency'
liabilities due .to1revaluation of the German mark in October 1969.
Data on the second.line differ from those on the first line because
certain accounts previously classified as "official institutions1* are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
Includes $15 million increase in dollar value of foreign,currency
liabilities revalued to reflect market exchange rates.
Includes $147 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
November 1973
- INTERNATIONAL FINANCIAL STATISTICS ■
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year
or month
Total
1962.........................
1963.........................
1964.........................
1965.........................
1966.........................
1967.........................
1968.........................
1969.........................
1970.........................
1971.........................
1972.........................
251
893
1,440
1,692
695
1,563
3,330
3,181 U
3,563
9,657 5/
15,872
1972-Oct........... .........
15,871
15,872
15,872
16,016
15,863 6/
15,870 2/
16,015 2/
16,012
16,189
Dec.....................
1973-Jan.....................
Feb. 6/.................
Mar. 7/.................
Apr. 2/.................
May.....................
June....................
July....................
Aug.....................
Sept....................
16,089
16,013
15,813
15,691
Canada
Belgium
Total
_
_
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,345
14,345
14,333
14,474
14,474
14,464
14,459
14,456
14,633
14,533
14,383
14,183
14,233
-
_
.
32
32
32
32
20
32
32
20
20
20
20
20
20
_
_
_
Denmark
1/
j
1
_
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
_
_
_
_
_
20
-
.
-
2,840
2,840
2,840
2,840
2,840
2,840
2,840
2,840
2,840
_
.
_
-
2,&40
2,690
2,490
1,540
_
Germany
Italy
Z/
Korea
_
_
_
_
_
_
_
_
5,000
11,315
13
_
160
184
177
146
135
25
22
22
11,315
11,315
11,315
11,471
11,471
11,471
11,471
11,471
11,670
11,670
11,670
11,670
11,670
22
22
22
22
22
22
22
22
22
_
_
_
15
15
15
15
15
15
15
15
Sweden
_
25
25
25
25
25
25
_
_
_
_
-
22
22
22
22
_
_
_
-
-
_
-
-
Taiwan
Thailand
_
_
_
_
_
_
_
_
-
-
_
20
20
20
20
20
_
100
100
100
100
100
20
20
20
20
20
10
5
2
-
100
100
100
100
100
100
100
100
100
1
_
_
“
—
“
,
Payable in foreign currencies
End of
calendar
year
or month
Total
1962.........................
1963.........................
1964.........................
1965.........................
1966.........................
1967.........................
1968.........................
1969.........................
1970.........................
1971.........................
1972.........................
251
730
1,086
1,208
342
1,047
1,638
1,750 U
1,083
1,827 f/
1,539
1972-Oct.....................
Nov.....................
Dec.....................
1973-Jan.....................
Feb. §/.................
Mar. 2/..............
Apr. 2/..............
May.....................
June....................
July....................
Aug.....................
Sept....................
Oct.....................
1,526
1,528
1,539
1,542
1,389 6/
1,407 2/
1,556 2/
1,556
1,556
1,556
1,631
1,631
1,458
Austria
Belgium
-
'
50
50
101
25
50
50
-
-
30
30
30
30
60
275
679
602
50
601
1,051
1,084 4/
542
612
306
_
-
_
-
-
-
_
-
-
-
-
-
-
_
_
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Note:
For further information, see "Public Debt Operations," Tables
PDO-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amo ants outstanding
were $204 million, September 1964 through. October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
equivalent were held "by a group of German commercial banks from June
Germany
y
306
306
306
306
153
153
172
172
172
172
172
172
f
Italy
Switzerland
200
200
51
175
257
257
111
211
311
541
541
1,215
1,233
_
125
125
125
226
125
_
-
-
_
_
_
_
_
_
-
-
1,220
1,222
1,233
1,236
1,236
1,254
1,384
1,384
1,384
1,384
1,458
1.458
1.458
Bank for
International
Settlements
_
_
70
93
.
_
_
_
-
_
-
_
_
_
_
_
-
,
_
-
-
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
4/ Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in "October 1969. See also footnote 7,
Table IFS-1.
5/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IFS-1.
6/ Dollar equivalents not revalued to reflect de facto conversion rates.
2/ Includes $15 million increase in March and $145 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
Treasury Bulletin
88
INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5. - U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
U.S. transactions with IMF
Calendar year
or month
194-6-57..
195 8
195 9
196 0
Payments
of
subscrip
tions in
dollars
2,063
1/
600
776
9
0
1
2
1,155
541 7/
22
712 6/
IMF net
income
in
dollars
-45
-2
2
11
150
196 8
196
197
197
197
Trans
actions
in
foreign'
curren
cies 2/
1,031
196 1
1962 .........
,1963....
196 4
196 5
196 6
196 7
Net
gold
sales
by IMF
16
17
16
18
525
435
680
12
-84
20
20
15
150
19
25
1,362
-28
200
-47
Transactions by
other .countries
with IMF
Purchases
of
dollars 2/
-2,670
-252
-139
-143
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
Repur
chase 5
in
dollars
827
271
442
580
521
719
207
5
268
741
40
IMF holdings
of dollars at
end of period
Total
change
775
17
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
1972-Oct.
Nov.
Dec.
1973-Jan.
Feb.
Mar.
Apr.
May.
June
-5
-4
-5
-4
-5
-5
-4
-5
-5
18
-4
July
Aug.
Sept
Oct..
-4
-5
-4
-4
-4
-6
754 7/
Note:
The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,2,74 million in May 1972 and $8,083 million in
October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-^).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures rep
resent repurchases of dollars, including dollars derived from charges
on purchases and from other net dollar income of the Fund. The United
States has a commitment to repurchase within 3-5 years, but only to
the extent that the Fund's holdings of dollars exceed 75 percent of
the U.S. quota. Purchases of dollars by other countries reduce the
U.S. commitment to repurchase by an equivalent amount.
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
6,820
6,816
-6
18
Amount
-6
-4
-5
"-4
750
6,810
6,806
6,801
6,796
6,814
6,810
6,804
6,800
6,795
6,791
7,541
Percent
of
U.S.
quota
28
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
94
94
94
94
93
93
94
94
94
93
93
93
93
U.S.
reserve
position
in IMF
at end of
period
4/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 1/
326
420
1,290
2,324
1,935
585
465
454
459
465
469
473
478
460
464
470
474
479
483
541
3/ Beginning January 1970, includes dollarr obtained by countries other
than the United States from sales of gold to the Fund.
4/ Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund 1s holdings of dollars), which is the
amount that the United States could purchase in foreign currencies
automatically if needed. Under appropriate conditions, the United
States could purchase additional amounts equal to the United States
quota.
5/ Includes $259 million gold subscription to the Fund in June 1965 for a
U.S. quota increase which became effective on February 23, 1966. In
figures published by the Fund from June 1965 through January 1966, this
gold subscription was included in the U.S. gold stock and excluded
from the reserve position.
£/ Includes $30 million of special drawing rights.
7/ Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
* Less than $500,000.
November 1973
89
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-6. - U.S. Net Monetary Gold Transactions with Foreign Countries
and International and Regional Organizations
(In millions of dollars) 1/
Calendar year
1972
Area and country
1968
Western, Europe:
Austria..................................
Belgium...................................
Denmark..................................
France...................................
-
-58
600
1969
4
-
Greece....................................
Italy....................................
Netherlands...............................
Spain....................................
Switzerland.............................
Turkey...................................
United Kingdom............................
Bank for International Settlements.........
Other....................................
-11
-209
-19
-50
3
-835
-90
25
325
500
-1
-76
_
_
-25
-18
_
200
36
-
1970 2/
1971
_
_
-2
-129
_
-10
_
-50
51
-50
1
_
-110
_
-473
_
50
-
-25
*
-25
•*
'-40
-18
,-42
Total Latin American Republics............
-65
-54
Asia:
Japan....................................
Other....................................
-366
42
Total Asia................................
-366
42
Africa:
Total Africa..............................
-66
Other countries:
Total other countries.....................
Total foreign countries............. .......
International and regional organizations 2/*..
Grand total................................
-
_
_
/ _
_
_
Jan.Mar.
Apr.June
_
_
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
-
-
-
-
_
-
_
_
-
_
_
_
’
_
_
_
_
_
_
_
_
_
-1
-
-131
-5
.
-119
-95
,
-28
-23
' -1
-25
-13
Oct.Dec.
-
-796
969
_
_
_
_
JtilySept.
_
_
-
-204
-669
_
Apr.June
_
-
-15
Total Western Europe......................
_
_
_
_V
_
-25
_
-175
12
_
-25
Canada..................... T__
Latin American Remblics:
Argentina................................
Brazil...................................
Colombia.................................
Mexico...................................
Peru...<\..................................
Venezuela................................
Other....................................
1972
1973
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
-
-
-
-
-
-
-
-
-
_
_
_
_
-38
-3
-
-3
-
-
-
-213
-38
-3
-
-3
-
-
-
-9
-70
-4
-
-
-
-
-
-
-2
9
-11
-2
-
-
-
-
-
-
-1,118
957
-631
-845
-3
-
-3
-
-
-
-3
10
-156
-22
-544
-
-
-
-
-
-1,121
967
-867
-547
-
-3
-
-
-
_
_
_
_
-12
_
_
-
-
-787 2jf
1/ At $35 per fine troy ounce through May 8, 1972 and $38 thereafter;
negative figures represent net sales by the United Sates; positive
figures, net acquistions.
2/ Includes in 1970 total (Oct.-Dec. 1970) the U.S. payment of $385
million increase in its gold subcription to the IMF and gold sold
by the IMF to the United States in mitigation of U.S. sales to other
countries making gold payments to the IMF. The country data include,
for the same period, gold sales by the United States to various
_
_
-4
_
_
_
_
countries in connection with IMF quota payments. Such sales to
countries and resales by the IMF totaled $548 million each,
2/ Includes International Monetary Fund gold sales to and purchases
from the United States, gold deposits by the IMF (see Table IFS-2,
footnote 1) and withdrawal of deposits. The first withdrawal,
amounting to $17 million, was in June 1968.
* Less than $500,000.
90
Treasury Bulletin
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935i
pursuant to Executive Order 6560 of January 15, 193^, Execu
tive Order 10033 of February 8 , 19*4-9> and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated, and axe published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May 31, 1963. 1/
The present form of the published presentation of the
"Capital Movements” statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series 5
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner” as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign coun
try ,or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less. "long
term" refers to obligations having an original maturity of
more than one year, and includes securities having no con
tractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branches, agencies, subsidiaries, and other af
filiates in the United States of foreign firms. Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, in
cluding the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
these categories. Twice a year they also report their short
term dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, non
banking concerns, report monthly their transactions in secur
ities with foreigners; the applicable exemption level is
$100, 000.
Quarterly reports are filed by exporters, importers, in
dustrial and commercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims are $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 milliori or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level ap
plicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin” in six sections.
Each section contains all the data relevant to the same statis
tical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States* The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the ”
gold
investment” of the Fund, however, are included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III * and IV show respectively the liabilities
November 1973
91
CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms ,financial institutions
other than hanks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms. ) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in ^all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics”section, Table; IFS-4). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers ~and< sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
IJhited States balance of payments.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, NOffice of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
End of
calendar year
or month
1957...........
Total
short
term
liabili
ties
14,383
_________________________________ (In millions of dollars)____________________________________
Foreign countrie.s
International and
Banks and other foreigners
Official institutions 1/
Payable in dollars
Payable
IMF
Payable
Payable
in
Total
gold
in
Other
Total
Total
in
foreign
Total
invest
foreign
Banks
foreigners currencies
dollars
ment 2/
currencies
13,641
7,917
1958...........
15,367
14,615
8,665
1959...........
17,261
16,231
9,154
I960...........
7,917
2,252
-
5,724
3,413
8,665
-
5,950
3,460
2,430
9,154
-
7,076
4,601
2,398
regional
Non
monetary
interna
tional and
regional
1/
742
200
542
59
752
200
552
77
1,031
500
531
59
18,701
17,260
10,212
10,212
-
7,047
4,705
2,230
113
1,442
691 U
751
1961 1/.........
f 20,015
{ 20,098
18,699
18,781
10,940
, 10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
2,356
2,357
104
104
1,317
1,317
613 u
613 u
704
704
1962 5/.........
f 21,958
<21,958
19,907
19,874
11,997
11,963
11,949
11,915
48
48
7,911
7,911
5,251
5,251
2,564
2,564
95
95
2,050
2,084
800
800
22,877
21,330
12,467
12,437
30
8,863
5,713
3,046
104
1,547
739 u
808
f 25,467
< 25,518
23,849
23,900
13,224
13,220
13,224
13,220
_
-
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
3,587
59
1,479
800
679
800
800
581
581
1963...........
1964 5/.........
1,250
1,284
25,551
24,072
13,066
13,066
-
11,006
7,360
.........
f 27,724
S 27,599
26,343
26,219
12,484
12,539
11,968
12,022
517
517
13,859
13,680
10,023
9,864
3,743
3,743
93
72
1,381
1,381
1967 1/.........
f 30,657
^30,505
29,370
29,232
14,034
14,027
13,882
13,876
152
152
15,337
15,205
11,132
11,008
4,128
4,120
77
77
1,287
1,273
800
800
487
473
31,717
30,234
11,318
10,855
463
18,916
14,298
4,444
173
1,483
800
683
1969 5/.........
f 40,040
<40,199
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
1970 1/.........
f41,71$
^41,761
40,499
40,541
19,333
19,333
19,184
19,185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
1971 2 / 6 / ......
f 55,404
\ 55,428
60,736r
53,632
53,661
59,323
39,521
39, &79
39,018 ,6/ 38,854 6/
39,824
39,994
158
165 2/
171
10,034
13,954
14,643 6/10,721 6/'
19,329 ‘ 14,477’
3,692
3,694
4,527
228
228
400
400
325
1,772
1,767
1,412
1,372
1,367
1,412
171
171
171
171
171
172
172
187 8/
187
187
189
127
127
17,818
18,589
19,097
19,329
19,260
17,405
17,535
17,820
19,059
19,419
20,320
20,201
20,352
4,241
4,417
4,322
4,527
4,467
4,596
4,583
4,750
4,763
4,937
4,882
4,987
5,137
308
368
372
325
355
341
376
398
385
444
418
483
533
1,233
1,281
1,511
1,412
1,379
1,417
1,425
1,428
1,589
1,602
1,520
1,549
1,987
1965...........
1966
1968...........
1972 ...........
1972-Sept.......
Oct........
Nov........
Dec........
1973-Jan........
Feb........
Mar........
Apr........
May........
June.......
July.......
Aug. p .....
Sept. p ....
58,684
60,136
60,653
60,736
59,173
64,234
65,883
65,196
66,747
66,713
67,970
67,464
67,511
57,451
58,855
59,143
59,323
57,794
62,817
64,459
63,768
65,157
65,112
66,450
65,915
65,524
39,633
40,266
40,045
39,994
38,535
45,413
46,924
45,949
46,099
45,693
46,129
45,714
45,172
39,462
40,095
39,874
39,824
38,363
45,241
46,752
45,762
45,912
45,506
45,940
45,587
45,045
1/ Includes Bank for International Settlements and European Fund.
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination, of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
4 / In addition, IMF gold investment included investments in U.S.* Govern*
meat bonds and notes which amounted to $109 million at end 1960, $187
million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
13,269
13,805
14,404
14,477
14,438
12,467
12,576
12,672
13,911
14,038
15,021
14,731
14,681
:
1
'
’
'
-
‘
-
,
;
-
1,233
1,281
1,511
1,412
1,379
1,417
1,425
1,428
1,589
1,602
1,520
1,549
1,987
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.
6/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions'1 are
included with "banks" and a number of reporting banks are included in
the series for the first time.
\
2/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates *as of
Dec. 31. 1971.
8/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
93
November 1973
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
_________________________________ (In pillions of d o l l a r s ) ______________________________
Official institutions 1/
Banks and other foreigners
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
Deposits
Demand
195 7
195 8
195 9
196 0
1961 2/ ...
1962 2 / . . .,
196 3
1964 2 / - . .
196 5
1966 2 / . . .
1967 2 / . . .
196 8
1969 2 / . . .
1970 2 / . . .
1971 2 / U
13,641
14,615
16.231
17,260
fl8,699
118,781
119,908
(19,874
21,330
(23,849
(23,900
24,072
*26,343
26,219
29,370
29.232
30,234
(38,631
(38,786
140,499
140,541
[53,632
i53,661
197 2
59,323
1972-Sept.
Oct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
July
Aug. p
Sept p
57,451
58,855
59,143
59,323
57,794
62,817
64,459
63,768
65,157
65,112
66,450
65,915
65,524
Payable in dollars
Time
2/
U.S.
Treasury
bills and
certifi
cates
3,059
3,511
2,834
3,038
3,389
3,389
3,261
3,234
1,402
2,451
2,820
1,591
2,816
1,591
2,862
1,535
1,679 . 2,612
2,668
1,679
2,462
2,054
2,458
2,054
4,246
4,392
5,738
) 6,193
6,412
6,412
7,759
7,759
7,548
7,554
7,554
7,186
6,316
6,316
7,985
7,985
5,486
2,149
1,918
1,930
1,652
1,652
1,620
1,327
1,589
1,899
2,951
2,942
2,554
2,554
2,504
f 2,0394/f
2,876
3,844
3,844
13,367
13,367
32,311
32,311
31,453
1,239
1,335
1,271
1,589
1,405
1,756
1,543
1,714
1,723
1,940
1,934
1,575
1,631
2,459
2,569
2,643
2,876
2,875
2,841
2,832
2,916
2,933
3,115
3,185
3,363
3,246
32,497
32,794
32,315
31,453
29,779
36,147
37,620
36,137
35,736
34,684
34,360
34,118
33,554
Other
short
term
liabili
ties 2/
612
762
582
982
Payable
in
foreign
cur
rencies
46
46
48
48
30
Banks
Deposits
Demand
Time
2/
U.S.
Treasury
bills and
certifi
cates
158
2,7'37
3,017
3,369
4,210
1,092
1,092
928
922
1,036
1,259
1,259
1,483
1,361
1,360
1,380
1,378
1,321
2,139
2,158
1,612
1,612
3,086
3,177
3,905
4,854
4,917
4,678
4,678
4,102
838
_
5,006
967
5,027
967
900
' 4,941
517
6,795 , 1,249
6,636
517
1,243
152
1,142
7,933
152
1,142
7,763
463
10,374
1,273
202
1,988
16,745
202 _ 16,756
1,999
148
12,376
1,326
148
12,385
1,354
158
850
7,047 ,
320 y
165 y 3,399V
171
525
4,659
3,268
3,398
3,645
3,905
171
3,833
3,798
171
171
3,938
171
4,659
171
4,155
172
4,084
172
4,144
187 6/ 4,335
187
4,645
187
5,053
4,957
189
127
4,806
5,096
127
4,304
4,497
4,757
4,996
5,520
5,767
6,461
6,530
6,614
.
Includes Bank for International Settlements and European Fund.
if Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
2/ 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.
Data
on the second line differ from those' on the first line because
4/
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
Other foreigners
348
434
481
525
415
483
518
514
535
404
432
490
602
131
492
76
43
43
83
83
68
142
142
113
137
137
129
129
30
20
20
14
14
8
8
5
:
5
3
5
5
7
5
5
7
8
8
8
11
9
Deposits
Other
short
term
Time
liabili Demand
* 2/
ties 2/v
518
312
740
419
402
420
490
490
1, 766
1, 951
1, 833
1, 849
1, 976
1, 977
2, 096
2, 096
1,493
704
1,039
1,523
1,077
1,531
1,406
1,574
1,842
1,513
1,848
1,513
1,927
1,693
1,693
1,973
2,621
1,797
4,658
1,709
1,711
4,644
1 3,202
1,688
1,688
3,197
2,130
1,660
6,995 hJ 1,660
9,287
1,954
966
1,257
1,271
1,594
1,819
1,819
2,052
2,054
2,199
1,811
1,935
1,886
1,895
1,663
1,666
2,026
1,776
1,875
1,706
1,954
1,773
1,813
1,805
1,951
1,859
1,963
1,890
1,876
1,971
1,909
1,933
2,014
2,026
2,070
2,127
2,127
2,112
2,115
2,172
2s,143
' 2,18;
2,212
, 9,084
9,570
■' 9,981
. 9,287
9,861
7,895
7,909
7,817
8,723
, 8,573
9,623
9,424
8,974
U.S.
Treasury
bills and
certifi
cates
278
306
295
148
149
149
116
116
119
72
72
87
Payable
in
foreign
cur
rencies
Other
short
term
liabili
ties 2/
83
83
81
81
86
107
107
131
131
96
96
65
209
174
270
233
230
230
352
352
469
502
503
332
329
329
302
292
362
312312
325
325
274
271
481
59
59
77
113
104
104
95
95
104
118
90
59
93
72
77
77
173
226
226
220
220
228
228
325
68
70
75
65
69
83
63
75
73
70
72
68
72
489
538
528
481
555
573
588
611
716
732
776
861
881
308
368
372
325
355
341
376
398
385
444
418
483
533
'
deposits are included in "Other short-term liabilities"; certain
accounts previoosly classified as "official institutions" are included
with "banks"; and a number of reporting banks are included in the
series for the first time.
5/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
6/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
Treasury Bulletin
94
CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability - (Continued)
Part B - International and Regional Organizations
(In millions of dollars)
End of
calendar year
or month
Total
international
and regional
1957... '
195 8
195 9
196 0
196 1
.
1962 %/....
196 3
196 4
196 5
(
196 6
1967 £/....
196 8
1969.......
1970... .
1971 5/....
197 2
1972-Sept...
Oct....
Nov....
Dec....
^973-Jan....
Feb___
Mar....
Apr....
May....
June...
July ..
Aug p..
Sept.p.
(
742
752
1,031
1,442
1,317
2,050
2,084
1,547
1,618
1,479
1,381
1,287
1,273
1,483
1,413
1,221
' 1,772
1,767
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
Nonmonetary international and regional organizations 2/
Deposits
Demand
Time 2/
500
50
209
76
691 U
613 ij
800
800
219
354
540
568
200
200
739 U
800
800
800
800
800
800
800
400
400
400
70
66
42
56
67
-67
68
62
69
73
73
1,412
1,233
1,281
1,511
1,412
1,379
1,417
1,425
1,428
1,589
1,602
1,520
1,549
1,987
l/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sale3 of gold by the International Monetary Fund to
the United States to acquire income-earning assets. Upon termination
of investment, the same quantity of gold was reaquired by the In
ternational Monetary Fund.
/’
2/ Principally the International Bank'for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for Interna
tional Settlements and European Fund. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
79
63
95
86
118
133
114
119
147
155
206
178
80
U.S. Treasury
bills and
certificates
Other
short-term
liabilities 2/
490
343
449
532
55
294
572
572
215
138
200
231
170
314
266
139
212
124
178
178
173
118
107
108
384
207
120
113
83
159
192
145
138
394
244
224
211
381
211
192
211
896
892
201
326
800
224
210.
145
204
201
380
326
785
804
794
800
811
241
171
143
133
111
118
279
303
279
240
148
189
133
114
116
116
108
62
61
838
899
957
1,177
1,125
1 ,0 6 3
1,193
1,737
j?/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
4/ In addition, IMF gold investment included investments in U.S. Gov
ernment bonds and notes which amounted to $109 million at end 1960,
$187 million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changfes
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.
p Preliminary.
* Less than $500,000.
95
November 1973
______________________ CAPITAL MOVEMENTS_______________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1973
Country
1970
Europe:
Austria.......................
Belgium^-Luxembourg............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway........................
Portugal......................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
Other Eastern Europe..........
Total Europe..................
Canada..........................
Latin America:
Bahamas 2/.................... *
Brazil........................
Chile.........................
Colombia......................
Cuba....................... c..
Mexico..................... :..
Panama........................
Peru..........................
Uruguay................ i.....
Venezuela......*..............
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America...........
Total Latin America............
Asia:
China, People’
s Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
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..............
May
June
301
1,373
502
244
5,327
12,161
219
1,171
2,427
1,046
511
325
1,787
3,272
71
5,899
' 73
2,159
9
66
297
1,376
489
194
5,406
12,003
219
1,072
2,369
1,049
500
334
1,905
3,4^4
292
1,245
406
168
5,167
12,701
175
1,020
2,543
1,035
502
250
1,682
2,959
118
4,741
69
1,772
8
71
36,924
... i ; e a r
38,944
~r;§i6
441
656
342
191
188
6
715
154
164
108
963
655
87
37
4,708
631
539
605
137
210
6
831
167
225
140
1,077
860
86
44
5,558
694
I 226
703
* 140
197
7
853'
168
167
143
1,044
818
72
243
5,477
730
491
768
137
219
7
843
192
170
150
967
778
64
269
5,785
39
258
312
89
63
150
14,295
196
306
126
595
16,429
44
830
330
125
90
144
10,415
214
520
166
940
13,818
44
830
368
145
117
142
9,056
231
* 583
177
872
12,565
33
9
125
28
798
992
185
597
189
117
2,267
7,520
184
1,330
762
324
274
198
503
1,948
46
5,504
37
594
15
54
22,648
254
701
168
160
3,150
6,596
170
1,888
271
685
303
203
791
3,248
68
7,374
34
1,369
14
53
27,503
254
701
168
160
3,150
6,596
170
1,887
270
685
303
203
792
3,249
68
7,379
34
1,391
14
53
27,529
272
1,092
284
163
4,441
5,346
238
1,338
1,468
978
416
256
1,184
2,857
97
. 5,011
117
1,483
11
81
27,134
4,056
3,441
3,441
539
745
346
266
247
7
821
147 '
225
118
735
620
98
39
4,952
441
656
342
191
188
6
709
154
164
108
963
656
87
36
4,702
39 '
258
312
89
63
150
14,294
201
304
126
595
16,432
33
275
258
302
73
135
5,150
199
285
508
717
7,936
Apr.
1972
1971 1/
July
Aug. p
Sept. p
75
6,317
66
2,355
11
74
39,378
305
1,456
477
165
5,452
12,837
240
870
2,029
1,082
4^7
282
1,951
3,310
102
6,457
66
2,965
18
81
40,621
302
1,378
437
153
5,246
12,912
236
1,506
1,945
1,055,
472
237
1,871
3,236
115
5,943
57
3,015
17
90
40,222
292
1,377
409
145
5,301
13,256
215
1,136
2,022
1,024
459
259
1,835
3,309
72
5,588
58
3,099
16
114
39,986
3,306
3,395
3,786
.. 3,720 .
727
440
765
140
200
10
925
186
180
180
1,054
780
68
648
6,303
750
796
921
134
200
,7
920
193
190
128
1,066
744
78
408
6,532
800
563
732
126
168
7
975
217
177
126
1,078
791
61
402
6,224
889
588
700
127
167
7
'1,044
204
178
114
940
791
65
463
6,277
41
843
341
110
155
161
8,458
226
558
175
883
11,951
38
790
289
U1
176
159
8,126
219
559
146
958
11,602
43
810
356
103
140
146
8,003
217
541
140
1,139
11,640
40
812
349
99
254
173
7,680
213
482
143
1,166
11,412
67
8
120
45
786
1,025
29
11
155
17
, 904
1,118
29
15
169
21
803
1,037
41
10
100
27
683
862
34
11
132
19
765
962
3,124
57
3,181
3,106
62
3,168
65,915
65,524
3,268
)
24
9
78
12
474
597
24
9
78
12
474
597
39
675
318
98
108
177
15,834
192
438
171
1,071
19,131
T
"=
21
12
115
24
768
939
916
42
957
916
42
957
3,027
51
3,077
2,882
57
2,939
2,961
60
3,022
2,985
71
3,056
53,632
53,661
59,323
63,768
65,157
65,112
3,202
613,263
66,450
975
17
131
93
5
1,332
8
298
129
5
1,327
8
298
129
5
951
10
307
141
4
982
7
337
102
*
1,190
7
321
82
*
1,139
7
301
74
*
1,187
7
289
65
*
1,618
7
298
63
*
Total international and regional
1,221
1,772
1,767
1,412
1,428
1,144
7
337
101
*
i
1,589
1,602
1,520
1,549
1,987
Grand total.....................
41,761
55,404
55,428
60,736
65,196
66,747
66,713
67,970
67,464
67,511
17
11
83
14
395
521
389
39
428
"TO' iW "
'
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
i
'
!
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000.
p Preliminary.
96
Treasury Bulletin
____________________________________________ CAPITAL MOVEMENTS______________________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of September 30, 1973
Preliminary
(Position in millions of dollars)
Country
Total
short
term
liabilities
Europe:
Austria.........................
Belgium-Luxembourg..............
Denmark.........................
Finland.........................
France..........................
Germany.........................
Greece...... ................ .
Italy...........................
Netherlands.....................
Norway..........................
292
1,377
409
145
5,301
13,256
215
1,136
2,022
1,024
459
259
1,835
3,309
72
5,588
58
3,099
16
114
39,986
Spain...........................
Sweden...... ....................
Switzerland.....................
Turkey..........................
Yugoslavia......................
Other Western Europe......... ....
U.S.S.R.........................
Other Eastern Europe.............
Total Europe....................
nanada, TT-TTTTTT-TTTT-T......T.T__
Latin America*
Argentina.................. .
Brazil......... ................
Chile...........................
Colombia........................
Cuba............................
Mexico..........................
Panama..........................
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics....
Netherlands Antilles and Surinam..
Other Latin America............. *
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)......
Hong Kong.......................
India...........................
Indonesia...................... .
Israel..........................
Japan...........................
Korea.................. ........
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other Africa....................
Total Africa....................
Other countries:
Australia.......................
All other.......................
Total othei1 countries............
Total foreign countries............
International and regional:
Internat ional...................
European regional...............
Latin American regional..........
Asian regional..................
African regional................
Total international and regional..
Grand total.......................
_
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
Total
Deposits 1/
286
1,328
386
136
5,201
13,176
187
1,041
1,959
982
439
162
1,818
3,081
68
4,983
53
2,931
16
112
214
466
67
522
45
469
13
96
38,345
4,583
. 3,720 _
3,110
505
889
588
700
127
167
7
1,044
*204
178
114
940
791
65
463
6,277
514
508
606
18
50
1
362
76
126
20
632
350
17
271
3,549
84
136
501
17
43
1
286
42
111
17
543
245
11
34
2,071
40
812
349
99
254
173
7,680
213
482
143
1,166
11,412
34
619
205
76
244
149
7,605
206
412
129
1,023
10,702
34
11
132
19
765
962
39
185
79
68
304
520
124
277
376
165
412
140
U.S.
Treasury
bills and
certif
icates
178
726
280
9
4,357
12,559
25
518
1,469
279
20
*
1,565
1,494
2,966
4
7
1
26,455
- '
677
Other 1/
Total
68
416
27
59
541
98
38
246
114
538
8
22
39
1,121
1
1,494
4
2,455
3
15
7,307
5
40
21
9
73
71
28
68
45
41
20
93
15
176
4
519
5
a
*
2
,
U.S.
Treasury
Deposits 1/ bills and Other 1/
certif
icates
1.928,
1,274
371
23
1
2
353
114
372
105
-1
6
*
66
34
15
3
88
82
5
235
1,126
376
77
94
110
117
6
681
- 124
51
94
308
441
48
'185
2,710
371
75
92
108
115
6
580
1U
51
92
305
408
'31
92
2,439
24
413
72
50
37
84
743
109
287
61
625
2,506
*
96
1
1
117
2
3,241
4
*
24
73
3,560
10
110
133
25
90
62
3,621
92
125
44
324
4,636
6
189
142
14
10
25
63
7
70
14
Ml
679
6
180
133
12
10
23
56
7
65
14
108
31
10
125
15
700
880
30
9
88
15
306
447
1
25
*
377
1
1
12
*
17
30
2
1
5
4
•65
79
2
1
5
4
61
3,106
62
3,168
3,090
50
3,140
438
25
463
2,115
2,115
536
25
561
15
10
25
65, #24
59,726
10,575
33,564
15,588
1,618
7
298
63
*
1,618
7
298
63
*
97
7
49
33
*
35
24
3
315
*
1
_
1
10
*
_
403
*
*
*
5
36
20
8
66
61
27
46
30
40
19
77
14
92
4
168
5
37
•*
2
756
*
4
1
*
5
10
*
21
3
*
1
16
*
80
*■
339
*
4
127
33
*
485
_
367
9
.. & L
238
*
*
*
*
5
1
2
1
3
3
*
*
*
1
1
*
2
12
*
*
1
4
*
12
*
-
278
4
2
*
1
*
7
4
19
1
1
*
*
10
12
614
Short-term
liabilities
payable
in
foreign
currencies
98
8
*
2
2
32
1
10
1
*
27
9
*
26
18
1
1
4
2
53
87
&
252
1
4
*
*
1
*
*
8
18
9
8
1
*
5
2
10
53
*
12
*
•*
*•
3
31
*
*
2
1
6
*
5
*
22
*
*
5
5
*
13
9
22
*
•*
*
1
1
2
2
2
5,137
4,184
72
881
660
1,485
*•
*
225
27
*
*
*
*
*
*
-
-
*
1,987
1.986
187
62
1,737
67,511
61,713
10,762
33,626
17,325
,
“
3
3
*
-
-
-
4,184
72
881
660
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
* Less than $500,000.
.
November 1973
97
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Calendar year
1968
1969
1970
11
10
2
10
11
"Other Western Europe"
Cyprus.............
Iceland............
Ireland, Republic of.
Malta..............
Monaco.............
6
24
6
4
"Other Eastern Europe"
Bulgaria.............
Czechoslovakia........
Estonia..............
Hungary.....-.........
Poland........i......
Rumania..............
Soviet Zone of Germany.
5
4
2
2
19
7
8
7
9
2
3
16
8
4
"Other Latin American Republics"
Bolivia.....................
Costa Rica..................
Dominican Republic..........
Ecuador.................... .
El Salvador.................
Guatemala...................
Guyana......................
Haiti.......................
Honduras....................
Jamaica.....................
Nicaragua...................
Paraguay....................
Trinidad and Tobago.........
66
51
69
66
82
86
5
17
33
42
67
16
10
52
78
76
69
84
3
17
29
17
63
13
8
u
2
25
2
1/
2
30
2
1/
3
33
2
6
17
2/
5
2
41
16
2/
2
1
35
26
32
2/
4
2
42
86
26
11
"Other Latin America"
Bermuda................................
British Honduras........................
British West Indies............... '.....
French West Indies and French Guiana.....
"Other Asia"
Afghanistan.............................
Bahrain.................................
Bangladesh 2/...........................
Burma..................................
Cambodia................................
Iran...........................i.......
Iraq...................................
Jordan.................................
Kuwait.................................
Laos...................................
Lebanon................................
Malaysia...............................
Nepal..................................
Oman (Muscat and Oman)......... ....... .
Pakistan................................
Qatar..............................
Ryukyu Islands (including Okinawa) y . -Saudi Arabia........................... .
Singapore..............................
Sri Lanka (Ceylon).....................
Syria............................. .
United Arab Emirates (Trucial States) U .
Viet ,Nam...............................
Yemen (Aden)................ ..........
"Other Africa"
Algeria....................
Ethiopia (including Eritrea).
F.T.A.I. (French Somaliland).
Ghana......................
Ivory Coast................
Kenya......................
Liberia....................
Libya......................
Mozambique..........,......
Nigeria....................
"Portuguese West Africa"....
Southern Rhodesia..........
Sudan......................
Tanzania...................
Tunisia....................
Uganda.....................
Zambia.....................
9
38
5
4
3
67
3
78
52
13
6
60
5
17
29
67
4
2
5
51
1
41
3
6
5
2
3
23
4
43
23
288
6
20
11
19
1
38
6
18
106
57
4
7
5
179
3
17
19
1/
3
32
1
19
21
1/
10
5
59
10
2
20
3
46
23
16
4
33
1
29
79
35
4
4
5 k/
159
3
23
11
6
5
195
7
17
8
1
1
9
7
8
20
10
1
8
2
9
23
274
6
46
13
2
1
6
9
3
13
25
23
1
10
6
1
5
9
2
3
21
10
7
6
25
20
55
62
123
57
78
117
6
18
42
19
50
17
10
22
20
4
14
2
5
69
41
99
79
75
100
2
16
34
19
59
16
14
54
3
54
14
13
1
3
3
29
25
69
3
5
6
6
2
10
17
46
3
83
30
17
6
35
4
25
106
17
3
4
4
94
2
16
10
2
22
1971
"Other Countries"
16
17
New Zealand....
Note: Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" categories in the regular monthly
series in the "Treasury Bulletin."
1/ Bermuda included with Bahamas prior to April 1973.
3
38
22
2/
j/
4/
*
Apr.
1972
Dec.
1972
2
9
15
2’
6
9
3
9
17
12
22
3
3
4
5
2
16
2
8
29
8
n.a.
5
3
7
2
3
27
8
5
10
2
5
36
8
6
65
75
104
109
86
127
8
25
64
32
79
26
17
87
92
114
121
76
53
70
91
62
83
123
9
23
50
32
132
8
27
58
41
61
66
17
15
22
20
1/
4
23
2
17
18
2
5
2
88
9
2
16
3
60
25
15
4
58
1
53 v
80
45
6
6
5
185
2
Apr.
1973
V
4
36
2
25
24
72
2
3
93
10
4
39
2
55
54
11
5
59
2
y
127
5
100
3
19
n.a.
n.a.
n.a.
3
114
n.a.
4
36
3
55
59
10
3
93
3
y
344
77
5
4
13
135
1
236
31
29
1
32
57
1
11
10
51
75
n.a.
28
4
19
31
n.a.
6
n.a..
6
23
30
393
6
85
31
2
3
53
39
8
98
1
2
14
25
296
9
56
9
2
5
6
7
7
28
1
3
16
11
19
n.a.
27
30
34
10
11
10
7
Bangladesh included in Pakistan prior to April 1972.
Ryukyu Islands included in Japan after April 1972.
Data as of December 31, 1971 exclude Ras al Khaymah.
Less than $500,000.
10
98
Treasury Bulletin
-
p a p t t at. M O V E M E N T S _____ ______________________________________________ -
S ectio n I - L ia b ilit ie s to F o re ig n e rs R epo rted b y B a n k s in th e U n ite d States
T a b le C M -I-6 . - L o n g -T erm L ia b ilitie s b y T y p e
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Foreign countries
Total
long-term
liabilities
Total 1/
1957.........................
1958.........................
1959.........................
I960.........................
1961...........;.............
1962.........................
1963.........................
1964.........................
1965.........................
1966.........................
1967 Z/......................
1968.........................
1969.........................
1970....;.......:............
1971.... .....................
3.972-Sept....................
Oct.....................
Nov.....................
Dec.....................
Official
institutions
Banks
Other
foreigners
International
and regional
10
2
1
7
2
7
28
204
203
988
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
n.a.
n.a.
n.a.
, n.a.
n.a.
n.a.
n.a.
n.a.
'n.a.
50
42
106
311
506
f 2,546
\j2,560
3,166
2,490
1,703
.902
1,000
1,858
1,863
2,389
1,600
913
437
417'
1,807
1,807
15
15
8
55
165
237
238
35
40
40
40
53
56
87
689
698
777
889
789
446
562
1,067
1,068
1,051'
1,000
1,026
1,259
1,389
1,382
1,362
1,453
1,499
1,498
1,575
434
432
429'
417
405
639
685
690
667
674
704
691
720
99
97
94
93
248
248
87
87
88
87
96
100
112
111
104
113
141
127
123
612
615
600
562
10
2
1
7
2
7
69
310
513
1,494
2,341
1,505
695
144
93
74
304
328
329
313
311
311
312
318
248
238
236
234
246
250
250
250
252
-252
279
-
-
599,
596
680
669
671
756
771
784
832
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
_
_
1
1
20
21
21
21
21
21
22
24
24
24
24
24
24
24
24
1/ Dollar-foreign currency breakdown not available prior to 1966; a m o u n t s c o v e r a g e to those shown for the preceding date; figures on the
reported for earlier dates assumed to have been payable in dollars.
second line are comparable to those shown for the following date.
2/ Data on the two lines shown for this date differ because of changes
n.a. Not available,
in reporting coverage, figures on the first line are comparable in
p Preliminary.
November 1973
99
______________________ CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
-
Calendar year
Country
1970
1969
Eurone:
Austria.......................
Belgium-Luxembourg............
Denmark.......................
Finland.......................
France..................... .
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway........................
Spain.........................
Sweden........................
Switzerland.............. .
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
Other Eastern Europe..........
Total Europe..................
Canada..........................
Latin America:
Argentina. *............... .
Bahamas 1/....................
Brazil........................
Chile.........................
Colombia......................
Cuba..................... f....
Mexico.............. .........
Panama............ ....... .
Peru..........................
Uruguay.......................
Venezuela.....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco.......................
South Africa..................
Zaire.........................
Other Africa..................
Total Africa..................
Ql&er. countries:
Australia.....................
All other.....................
Total other countries..........
Total foreign countries..........
International and regional:
International.................
European regional.............
Latin American regional........
Asian regional......... ......
Total international and regional
Grand total.....................
*
_
*
*
*
*
*
*
*
1
*
5
*
46
*
*
_
54
*
14
*
1
110
1
1
2
*
1
1
4
*
42
*
*
*
178
3 ‘
64
5
25
*
13
7
25
*
1
1
74
2
*
*
49
4
14
239
48
2
*
*
41
655
72
70
70
*
*
8
12
_
*
6
164
*
1
*
-
1
165
2
1
*
*
*
*
*
*
1
1
*
*
52
*
*
5
*
63
*
11
10
2
_
246
4
2
39
1
1
1
261
1
1
*
*
*
*
*
*
_
*
1
1
67
59
1
*
*
*
*
*
*
1
1
1
1
1
6
6
*
•*
6
6
68
68
68
68
68
68
211
211
210
■
*
5
*
*
216
_
471
-7
2
49
*
*
*
*
207
*
463
•*
209
_
466
8
2
2
2
_
*
_
-
468
11
2
50
9
1
1
1
1
2
115
133
*
*
-
-
-
-
1
1
1
1
2
1
1
1
*
2
50
14
1
1
128
*
_
495
9
50
9
7
145
*
*
467
9
5
125
21
6
*
*
5
21
1
•*
*
3
*
*
16
5
8
6
1
*
*
*
*
28
3
3
*
15
4
*
165
*
*
*
*
_
26
3
3
*
16
4
*
_
*
1
165
*
1
1
39
8
3
•*
15
4
4
8
8
6
147
1
1
1
*
1
*
3
5
3
*
17
33
5
4
*
82
99
4
4
*
82
98
4
*
82
96
81
*
81
95
97
*
_
*
*
*
_
*
*
*
_
*
*
*
_
*
*
*
_
*
*
*
-
*
•*
*
-
*
*
*
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
4
*
7
*
7
*
7
*
7
*
7
*
6
3
*
37
90
*
1
1
1
*
3
2
2
*
3
2
2
4
•*
*
3
*
3
*
4
3
*
5
1
5
39
*
1
*
*
*
*
*
6
*
_
1
164
*
1
136
6
‘
' 1
164
*
*
*
*
*
1
1
16
34
*
*
•*
5
10
Sept. p
164
*
1
1
16
20
8
6
2
*
_
Aug. p
164
*
22
42
*
*
_
1
1
*
_
22
2
111
522
*
_
5
10
21
2
152
1,237
*
_
5
10
1
1
1
*
53
3
*
*
12
8
21
5
■10
1
1
1
*
*
28
19
*
385
47
5
10
July
1
1
1
2
1
*
*
31
4
*
*
1
Jujie
49/
_
28
1
May
49
53
*
31
*
44
3
278
2
Apr.
1972
1971
1973
2
2
6
... ...1
,
2
2
4
*
69
83
7
7
*
7
69
59
4
7
7
7
7
7
*
7
1,601
914
457
439
713
691
697
727
715
744
557
287
45
889
490
264
35
789
351
57
38
446
480
52
30
562
538
_
48
83
669
541
602
_
71
99
771
597
645
_
86
101
86
101
671
601
_
57
98
756
784
832
2,490
1,703
902
1,000
1,382
1,362
1,453
1,499
1,498
1,575
l/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary.
I---------- -
2
41
88
loo
Treasury Bulletin
------------------------------------------------------------------- CAPITAL MOVEMENTS______________________________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
Loans
Payable in foreign currencies
Collec
tions
out
standing
for
Other
account of
for
reporting
eigners banks and
domestic
customers
End of
calendar
year
or month
Total
short
term
claims
TQtal
1957..........
2,199
2,052
930
242
386
303
423
401
439
428
351
498
460
Total
1958..........
2,542
2,344
1,268
1959..........
2,599
2,407
1,309
I960..........
Official
insti
tutions
Banks
Accept
ances
made for
account
of for
eigners
Other
short
term
claim?
Total
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
Foreign
government
obligations
and
commerical
and
finance
paper
Other
short
term
claims
6<99
147
132
421
656
198
181
16
516
582
192
178
15
L5
3,594
3,135
1,297
290
524
482
605
1,233
460
222
238
A , 719
^4,777
4,177
4,234
1,646
1,660
329
329
699
709
618
622
694
700
1,837
1,874
543
543
342
343
200
200
1962.........
5,101
4,606
1,953
359
953
642
686
495
309
1963..........
5,887
5,344
1,915
186
955
774
832
2,214
384
543
343
157
42
I964 1/
f 7,411
^7,957
6,810
7,333
2,652
2,773
223
221
1,374
1,403
1,055
1,150 ^
1,007
1,135
2,600
2,621
552
803
601
624
342
336
182
187
77
102
1965 1/
f 7,632
\J7,735
7,158
7,243
2,968
2,970
271
271
1,566
1,567
1,130
1,132
1,268
1,272
2,501
2,508
422
492
474
492
325
329
54
68
95
96
I966 1/
f 7,819
\^7,853
7,399
7,433
3,139
3,141
256
256
1,739
1,739
1,143
1,145
1,367
1,288
2,450
2,540
443
464
420
420
240
241
70
70
110
110
1QA*7 1 /
T8,583
1 8,606
8,158
8,182
3,137
3,150
306 '
306
1,603
1,616
1,228
1,228
1,511
1,552
3,013
3,013
498
467
425
425
287
287
74
70
63
67
8,711
8,261
3,165
247
1,697
1,221
1,733
2,854
509
. 450
336
40
73
TQAQ 1 /
f 9,578
^9,680
9,063
9,165
3,281
3,278
262
262
1,946
1,943
1,073
1,073
1,954
2,015
3,169
3,202
658
670
516
516
352
352
84
89
79
74
1970..........
10,802
10,192
3,051
119
1,720
1,212
2,389
3,985
766
610
352
92
166
£3,170
\L3,272
12,328
12,377
4,503
223
3,969 g ' 231
1,667
2,613
2,080 2// 1,658
2,475
2,475
4,243
4,254
1,107
842
1,679 2/ 895
549
548
119
173
174
174
1972..........
15,471
14,625
5,674
163
^2,975
2,535
3,269
3,204
2,478
846
441
223
182
1972-Sept.....
Oct......
Nov......
Dec......
1973-Jan......
Feb......
Mar.... .
13,930
13,8451'
14,419l
15,47H
15,035
17,789
18,113
18,163
18,364
18,623
18,902
18,864
' 18,612
13,042
13,069
13,649
14,623
14,210
1 16,718
17,162
17,344
17,511
17,772
18,040
17,978
17,834
4,980
5,138
5,306
5,674
5,429
6,453
6,538
6,847
6,935
7,288
143
146
157
163
143
162
141
146
163
205
162
177
151
2,572
2,666
2,700
2,975
2,814
3,675
3,694
3,944
3,824
4,044
3,928
4,021
3,912
2,265s
2,326j
2,448
2,5351
2,472
2,616
2,703
2,757
2,947
3,039
2,936
2,767
2,754
2,967 '
2,953
3,129
3,204
3,103
3,282
3,463
3,463
3,600
3,963
3,899
3,694
3,697
2,213
1,991
2,085
2,478
888
776
770
846
825
1,071
951
819
854
852
862
886
778
431
408
412
441
443
596
524
460
499
565
561
488
455
330
209
219
223
253
313
262
207
237
140
151
151
147
127
159
139
182
128
162
165
152
118
147
151
247
176
1961 1/
1968..........
1Q71 1/ ?/
May......
July.....
Au l p ....
Sept. p...
7,026
6,964
6,817
1/ 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.
2/ Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
2,882
2,987
3,130
3,269
3,234
' 3,555
3,697
3,781
3,789
3,901
3,891
'3,967
4,087
1,9<57
2,443
3,429
3,464
3,253
3,186
2,619
3,224
3,353
3,233
|
186
of U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting banks
are included in the series for the first time.
p Preliminary,
November 1973
101
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Austria.......................
Belgium^-Luxembourg............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway........................
Portugual.....................
Spain.........................
Sweden....'....................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia................. .
Other Western Europe...........
U.S.S.R.......................
Other Eastern Europe...........
Total Europe..................
Canada..........................
Latin America:
Argentina* ****.*♦*..*..........
Bahamas 2/....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Mexico........*...............
Panama........................
Peru..........................
Uruguay.......................
Venezuela.....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America...........
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco.......................
South Africa..................
Zaire.........................
Other Africa..................
Total Africa..................
Other countries:
Australia.....................
All other.....................
Total other countries..........
Total foreign countries..........
International and regional ......
Grand total.....................
1970
6
50
40
1973
1971 1/
11
61
54
57
49
135
263
235
30
160
105
67
11
12
12
66
101
52
97
100
9
379
35
13
3
45
1,449
1,043
326
196
325
200
284
'13
909
112
147
63
283
342
19
22
3,239
2
95
39
13
56
70
118
145
3
563
19
70
118
145
3
559
19
12
12
28
37
2,122
1,530
305
262
429
139
13
934
125
176
' 41
268
374
18
26
68
21
3,890
178
137
109
167
4,807
41
129
13
10
6
77
4
79
18cT
348
138
173
252
5,560
10
4
156
4
156
21
21
99
291 ”
64
16
80
158
10,798
13,167
28
186
96
' 288
158
28
186“
13,2^9
13,170
13,272
259
190
6
876
13
94
69
141
389
397
19
326
109
65
19
387
234
245
9
893
12
10
96
56
134
434
349
28
278
101
79
18
272
224
208
Sept. p
18
107
67
125
206
1,288
1,219
12
20
10
21
10
382
27
85
4,717
408
409
851
40
397
13
1,343
190
147
31
440
383
35
74
4,761
408
399
891
43
411
14
1,399
218
169
34
454
380
38
66
4,924
1
194
93
14
87
105
4,158
296
' 149
191
300
5,589
2
238
122
14
127
126
5,663
331
150
197
296
7,267
5
216
132
19
97
116
5,536
338
139
194
324
7,116
3
200
204
21
94
111
5,756
347
144
173
354
7,407
7,441
6
183
116
17
77
133
5,791
336
129
185
350
7,321
21
4
143
13
124
304
22
5
151
13
137
327
25
4
166
13
136
343
34
4
163
42
145
388
44
5
150
43
149
391
41
5
3-51
49
173
419
291
40
330
249
50
232
47
260
46
271
39
299 '
280
305
310
230
41
271
i'Mar*
18,161
..... 2.. .
18,362
....i r
... 1“”
18,163
is, 364
18,623
401
18,622
6
6
396
505
759
45
13
1,343
183
143
36
18
183
166
234
184
I
401
144
67
7
1,006
2,022
29
56
_ ...73
16
242
278
155
70
14
251
...2*2.72-
21
16
185
52
114
417
313
368
281
20
2,286
15,471
2/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
360
12
Aug p
July
1
3
10,802
20
9
73
69
140
447
356
19
327
115
67
17
June
50
69 .
3,483
379
476
649
52
418
13
1,202
244
145
40
383
388
14
36
4,437
4,280
186
5
795
May
29
61
60
3,265
41
49
2.911
1,897
1
109
70
21
1
22
20
3,494
41
129
4,279
348
136
164
252
5,548
120
238
238
849
305
262
435
139
380
66
30
6
J*22± 1,627
13
936
125
176
41
268
374
18
25
3,490
9
87
63
134
451
345
32
288
129
59
118
330
321
29
255
108
69
19
207
156
125
28
37
380
1
109
8
120
11
57
49
135
267
235
30
159
105
67
113
186
26
Apr.
1972
26
56
84 _
3,471
2,168
42
84
_2*596__
2,186
431
495
965
36
442
454
915
50
422
13
1,338
262
176
35
441
394
38
89
5,069
420
13
1,376
223
180
34
454
373
48
71
5,U9
7
198
218
18
91
133
5,753
348
134
188
352
"”
18,901*"""
2
18,863
--- 1 -
18,902
18,864
46
97
3,570
455
593
879
40
422
13
1,322
252
178
39
430
404
31
94
5,152
7
141
128
19
81
145
3* 801
M3
121
179
361
7,325
43
11
157
48
144
403
-
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
218
36
254
18,611
18,612
102
Treasury Bulletin
CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of September 30, 1973
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Country
Eurone:
Austria............... j,.....
Belgium-Luxembourg............
Denmark......................
Finland......................
France.......................
Germany......................
Greece.......................
Italy........................
Netherlands..................
Norway.......................
Portugal.....................
Spain........................
Sweden.......................
Switzerland..................
Turkey.......................
United Kingdom...............
Yugoslavia...................
Other Western Europe..........
Total
short
term
claims
Total
Foreign
banks and
Total official
insti
tutions
Collections
outstanding
for account
of report
Other ing banks
and domestic
customers
Accept
ances
made for
account
of
foreign
ers
Short-term claims payable
in foreign currencies
Other
Deposits of
reporting
banks Anri
Total domestic
customers
with
foreigners
Other Eastern Europe..........
16
185
52
114
417
313
16
242
144
67
18
183
166
234
6
1,219
10
26
46
97
14 '
166
49
113
396
212
16
208
123
63
17
174
161
203
6
1,141
9
24
46
97
7
137
21
51
111
98
2
156
40
38
8
119
147
142
3
445
7
13
31
81
6
100
17
39
78
63
1
135
21
31
7
94
120
81
3
363
4
5
31
78
*
37
4
12
33
35
1
20
19
7
1
25
27
61
*
82
4
8
*
4
7
21
7
3
57
a
11
43
30
5
8
41
9
19
3
83
1
9
14
7
*
1
21
58
5
20
2
4
4
18
1
12
3
1
_
65
*
1
_
6
1
7
1
*
223
53
1
5
49
1
*
3
3
40
*
548
*
2
1
2
2
20
3
1
22
101
*
34
20
4
1
8
5
31
*
79
*
1
*
*
Total Europe.................
3,570
3,238 ' 1,656
1,276
380
420
222
940
332
Canada.........................
1,907
1,604
592
113
479
40
76
897
303
455
593
879
40
422
13
1,322
252 ,
178
39
430
404
31
94
454
584
878
40
422
13
1,288
252
178
39
60
114
499
13
170
146
61
91
3
112
404
31
94
206
175
590
16
282
1,055
206
138
9
310
161
20
28
431
120
111
7
33
82
*
11
624
87
27
3
277
78
20
17
66
14
170
13
31
12
66
16
31
5
66
102
7
18
167
2
103
11
100
115
21
8
22
42
122
3
5
15
' 393
15
*
8
1
53
8
1
3
4
19
1
43
*
9
1
*
*
_
34
*
*
*
9
*
_
*
618
721
563
2
27
22
13
4
13
2,525
57
37
23
115
2
47
22
3
11
22
1,946
200
22
119
44
Latin America:
Other Latin American Republics.
Netherlands Antilles & Surinam.
Total Latin America...........
422
-
-
2
14
3
1
21
92
*
13
16
4
1
8
4
26
*
38
*
1
*
*
*
84
131
54
*
9
*
*
*
_
10
*
*
•*
2
*
_
■
*
*
_
_
_
_
7
_
*
1
1
*
*
_
16
*
*
*
7
54
21
7
26
*
17
31
*
5
2
684
7
12
9
55
1
*
2
1
*
1
30
*
1
2
13
1
*
1
1
*
1
26
*
*
2
10
*
_
_
*
1
*
_
*
2
*
*
■
*
823
51
,,,42...
2
3,196
1,649
1,546
7
141
128
19
81
145
5,801
343
121
' 179
361
6
141
126
18
80
144
5,771
343
120
177
348
2
49
50
3
60
107
615
78
49
26
134
2
45
22
2
19
102
543
67
20
19
104
4
28
1
42
5
72
12
28
7
__ 29
Total Asia...................
7,325
7,274
1,172
945
228
2^839
2.440
43
11
157
48
144
43
10
146
48
143
8
4
28
<41
61
8
4
17
4
24
1
11
37
38
*
2
44
1
69
34
3
73
5
11
*
1
1
1
____2
*
*
11
*
*
*
*
6
*
*
87
117
127
____ 5
12
7
Total Afri6a.................
_
_
_
*
_
1
_
_
_
-
244
5,098
Mr
_
4
*
6
*
*
1
9
*
21
1
*
*
*
*
5
*
40
■
*
*
118
5,152
Africa:
Egypt...............................................................•............................
Morocco......................
South Africa.................
Zaire........................
Other Africa.................
_
_
_
_
*
* '
Other
5
Asia:
China, People's Republic of
(China Mainland)............
China, Republic of (Taiwan)....
Hong Kong....................
Lidia........................
Indonesia.................... .
Israel.......................
Japan........................
Korea........................
Philippines..................
Thailand.....................
Other Asia...................
_
Foreign
government
obligations
and commer
cial and
finance
paper
_
_
_
-
*
_
_
_2
_
_
3
________ 2 _
_
*
5
_
_
*
-
403
391
143
56
All other....................
218
36
194
34
49
8
20
4
29
4
34
20
106
5
4
' 2
23
2
21
2
2
Total other countries.........
254
228
57
24
33
54
112
___ 6
25
23
2
Total foreign countries.........
1&,611
17,833
6,816
4,063
2,753
4,087
3,697
3.233
778
International and regional......
1
1
1
*
*
Grand total....................
18,612
17,834
6,817
4,063
2,754
5
Other countries:
*
Less than $500,000.
_______
_
,
4,0^7 ......
_
3.697
3,233
. ..455.
_
_
778
455
1
*
-
,„,,147
________
1_
176
—
Ml,,
,176
,
November 1973
103
_____________________ CAPITAL MOVEMENTS_______________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
End of
calendar year
or month
1957.....................
1958.....................
1959.....................
I960.....................
1961.....................
1962.....................
iq Ay
t
/
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972 1/..................
1972-Sept...............
Oct......... ,......
Nov................
1973-Jan................
Feb................
May................
July...............
Aug p ..............
Total
long-term
claims
(In millions of dollars)
Payable in dollars
Total
1,174
1,362
1,545
1,698
2,034
2,160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
I 2,293
2,379
^ 2,837
3,030
2,293
2,379
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
4,914
4,980
”3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
1 5,020
4,542
4,649
4,702
( 4,954
I 5,020'
^ 5,022
5,131
5,276
5,419
5,522
5,606
5,626
5,521
5,387
Loans
)
4,509
4,6144,669
4,914
4,9804,98lj
5,0791
5,2291
5,371
5,474
5,561
5,572
5,475
5,317
Total
Official
institutions
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,260
2,346
2,781
2,811
3,777
3,995
4,211 *
3,915
3,635
3,158
2,806
•2,698
3,345
4,539
4,544
4,227
4,323
4,378
4,539 ,
4,544
4,541
4,630
4,769
4,923
5,019
5,097
5,116
5,008
4,861
1/ Data on the two lines shown for this date differ because of changes,n.a.
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.
Banks
n.a.
'n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
fc.a.
n.a.
n.a.
n.a.
n.a.*
n.a.
703
716
793
702
669
528
502
504
575
833
833
796
796
819
833
,833
835
840
897
931
932
978
957
1,002
1,011
|
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
402
412
432
430
430
440
470
480
514
545
550
554
514
510
Not available,
p Preliminary,
* Less than $500,000.
Other
Foreigners
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,282
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
33
33
54
217
195
288
297
247
274
394
426
352
2
2
*
1
9
18
15
16
18
25
22
40
40
300
3,030
3,114
3,127
3,276
3,282
3,266
3,319
3,392
3,477
3,541
3,568
3,605
3,492
3,340
Payable in
foreign
currencies
Other
long-term
claims
|
375
436
282
292
291
375
436
440
449
460
448
456
464
456
466
457
33
35
33
40
40
!
41
52
47
49
48
45
54
46
70
104
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Austria.......................
Belgium-Luxembburg............
Denmark....'................ .
Finland.................. .
France........................
Germany.......................
Greece........................
Italy.......'I................
Netherlands...................
Norway........................
Portugal......................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
U.S.S.R.......................
Other Eastern Europe...........
Total Europe..................
Canada..........................
Latin America:
Argentina..,...................
Bahamas 2/....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Mexico........................
Panama........................
Peru..........................
Uruguay.......................
Venezuela.....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..'..........
Total Latin America............
Agia:
China, People's Republic of
(Chisa Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
1969
1
18
2
27
37
36
56
3
2
49
27
91
23
2
1
67
13
11
1970
1
13
2
19
88
35
39
4
8
24
14
83
35
3
*
71
25
6
1973
1971
*
18
11
16
146
100
44
49
11
19
28
106
48
5
9 ,
145
48 ,
6 ,
May
June
July
Aug. p
Sept.p
3
4
22
22
21
3
26
479
12
482
1
22
2
11
127
102
45
33
4
13
18
93
49
8
8
130
35
6
*
16
723
849
43 .
853
408
312
228
406
406
477
511
523
517
404
418
141
135
7
251
82
59
123
4
331
91
150
19
577
174
108
*
383
57
71
10
264
167
7
10
1,996
153
19
582
174
_ 108
*
385
57
71
10
264
167
7
10
2,006
160
19
599
163
93
159
22
621
161
86
151
21
616
164
88
144
140
23
611
147
126
24
603
140
80
391
51
57
2
268
161
8
29
2,000
381
51
61 ,
2
268
154
8
27
2,001
79
160
22
165
829
49
4
73
23
147
319
79
163
17
326
1,20C
49
4
73
23
147
348
96
163
17
326
1,246
57
14
72
23
189
337
111
158
18
387
1,365
*
58
13
69
33
192
331
116
161
18
398
1,389
*
57
13
69
32
' 196
311
109
156
18
446
1,408
5
50
17
113
184
3
70
35
148
257
*
3
70
36
153
262
9
3
92
36
186
326
9
3
93
37
200
341
11
3
96
39
194
342
227
16
227
16
194
20
195
19
215
172
15
187
73
53
419
44
97
37
108
139
12
__ 3
1,329
_
16
1
367
44
68
19
155
122
8
1,325
*
19
2
43
44
14
15
115
98
234
32
99
663
2
88
151
202
27
112
656
6
372
35
36
23
224
129
4
____ 7_
1,458
22
7
81
10
35
246
Africa:
Egypt.... .....................
Morocco...\...................
South Africa..................
Zaire.........................
Other Africa..................
Total Africa...................
1
1
30
6
123
162
127
Other countries:
Australia.....................
All other.....................
Total other countries..........
186
29
215
142
22
I64
222
Total foreign countries..........
3,248
3,074
3,663
3
20
6
18
240
18
"11
16
146
100
44
49
11
19
28
102
48
5
9
145
48
6*
.... (4 3 -
3,250
3,075
3,667
*
20
25
18
183
124
35
52
13
32
27
90
49
7
32
122
67
6
60
72 .
1,034
*
22
18
17
186
115,
35
52
13
33
26
87
44
7
32
131
78
6
77
80..
1,063
_
_
3
22
20
18
190
105
55
53
15
34
26
85
37
6
36
131
77
7
95
95
1,111
243
243
214
4,950
5,015
5,415
5,518
5,602
4
4
4
4
5,020
5,419
5,522
5,606
4,954
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable
in coverage to those shown for the preceding date; figures in the
second column are comparable to those shown for the following date.
20
18
193
113
52
54
15
42
25
103
32
6
36
128
77
7
102
11Q-.
1,158
19
183
72
55
56
14
44
9
110
31
6
36
13V7
78
9
117
■
119,,
1,143
22
610
159
84
22
17
169
60
53
53
15
45
5
114
30
6
35
131
64
9
118
_128_
1,105
_
388
49
58
2
266
161
11
29
2,004
192
21
213
International and regional.......
Grand total.....................
Apr.
1/
405
51
43
2
270
153
11
30
1,983
50
12
68
33
204
310
117
163
18
459
1,433
43
2
273
149
7
28
389
52
47
1
276
147
5
29
1,964
1,920
1
55
13
67
61
187
304
123
159
30
1
66
12
62
25
216
461
252
119
166
17
507
1,461
1,443
24
3
90
27
206
350
12
95
28
189
327
192
175
20
195
145
24
169
5,622
5,517
5,383
5,626
5,521
5,387
13
3
90
36
198
339
20
2/ Through December 31, 1972, Bermuda included with
* Less than $500,000.
p Preliminary.
2
November 1973
105
fiAPTTAT. M O V E M E N T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of Septem ber 30, 1973
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe:
Total
long-term
claims
Total
Loans
Other
Long-term
claims
payable in
foreign
currencies
Other Eastern Europe...............
3
26
22
17
169
60
53
53
15
45
5
114
30
6
35
131
64
9
118
128
3
26
22
17
169
53
53
52
10
45
5
114
30
6
35
131
64
7
118
128
3
23
21
17
147
52
47
51
4
45
5
105
30
6
34
127
63
6
118
123
*
3
*
*
22
1
7
1
5
*
*
8
*
1
4
*
1
*
5
7
1
5
*
_
1
2
_
*
Total Europe.......................
1,105
1,089
1,030
59
16
Canada...............................
413
386
337
49
32
126
24
603
140
80
_
389
52
47
1
276
147
5
29
126
24
602
140
80
_
389
52
47 '
1
276
147
5
29
103
19 ,
580
64
68
_
353
48
42
1
259
135
1
28
24
5
21
76
12
_
36
4
5
*
17
12
4
1
Belgium-Luxembourg.................
nftTim^rlr, .............................
Finland............................
France.............................
Germany............................
Greece.............................
Italy..............................
Netherlands........................
Norway.............................
Portugal...........................
Spain..............................
Sweden.............................
Switzerland.................. .....
Turkey.............................
United Kingdom.....................
Yugoslavia.........................
Other Western Europe...............
Bahamas................. ........ .
Brazil............................. .
Chile.............................. .
Colombia........................... ,
Cuba............................... .
Mexico............................. .
Panama................ ........... .
Peru................................
Uruguay............................ .
Venezuela.......................... .
Other Latin American Republics...... .
Netherlands Antilles and Surinam.... .
Other Latin America................ .
-
_
2
_
_
„
*
_
*
_
_
-
1,920
1,918
1,701
217
2
Asia:
China, People’
s Republic of (China
Mainland).........................
China, Republic of (Taiwan).........
Hong Kong..........................
India..............................
Indonesia..........................
Israel.............................
Japan..............................
Korea..............................
Philippines........................
^Thailand...........................
Other Asia.........................
1
66
12
62
25
216
252
119
166
17
507
1
66
12
62
25
216
252
119
166
17
497
1
54
12
61
23
211
214
101
152
14
477
. 12
*
1
2
5
38
18
14
4
20
10
Total Asia.........................
1,443
1,434
1,320
113
10
Africa:
Egypt..............................
Morocco............................
South Africa.......................
Zaire..............................
Other Africa....................... .
12
2
95
28
189
12
2
85
28
189
12
2
82
28
178
*
4
*
11
10
-
Total Africa.......................
327
317
303
15
10
Other countries:
Australia..........................
All other..........................
145
24
145
24
141
24
4
*
-
Total Latin America................
Total other countries...............
169
169
166
4
-
Total foreign countries...............
5,383
5,313
4,857
457
70
International and regional............
4
4
4
-
*
Grand total..........................
5,387
5,317
4,861
457
70
*
Less than $500,000.
Treasury Bulletin
106
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
195 7
566
491
428
62
75
195 8
499
440
368
71
60
664
581
512
69
83
f
<
574
596
485
507
424
437
a \
70 J
89
{
f
674
691
583
600
510
525
8 }
91
f
(
756
778
673
684
563
572
111
113.
83
94
833
678
569
109
155
1962-June 2/.
(
{
778
817
626
665
527
551
99
114 J
151
Dec. 2/.
f
{
798
805
637
644
508
513
129
130 J
161
775
626
479
148
148
763
725
622
585
471
441
151 ^
144 J
140
807
700
556
144
107
210
r 136
\ 147
195 9
.
1960 2/.....
1961-Mar. _2/.
June £/.
Dec....
1963........
1964-June 2/.
f
{
Dec.....
1965 7j.....
196 6
1967 2/.....
196 8
1969 2/.....
197 0
1971 2/.....
1972-June___
Sept....
Dec. 2/.
1973-Mar.. ^..
June p ..
f
I
943 "I
958J
1,419
810
600
1,089
827
262
329
f 1,784
^ 1,815
1,371
1,386
1,027
1,039
343
347
414
428
2,737
1,608
1,225
382
1,129
f 3,511
1,786
2,124
2,677
1,399
1,654
387
471
2,181
496
1,725
2,304
3,102
f 5,863
^ 5,901
2,704
2,763
2,229
2,301
6,225
2,925
2,452
475
463
472
3,300
2,933
3,115r
3,324*
3,256
2,435
2,630r
2,825r
2,743
498
484
499r
513
3,448
3,540
3,858r
3,988
3,213
2,652
561
3,963
( 4,428
5,780
6,381
f 6,655r
^ 7,l82r
7,243
7,176
Note:
Breaks in series arising from changes in
amount to $5 million or less for any year are
cases, only the figure'comparable to that for
shown.
3/ Data are shown for calendar year ends and for
quarter ends for which figures £re available.
reporting coverage which
not shown; -in such,
the following date is
the most recent five
Data are also shown
3,159
3,133
for earlier quarter ends when the reporting coverage changed.
2/ 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, p Preliminary.
r Revised.
November 1973
107
--------------------------------------------- CAPITAL MOVEMENTS______________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
(Position at end off period in millions of dollars)
Country
1969
1970
1973
1972
Calends r vear
1971 1/
June
Sept
Dec . 1/
Europe:
2
Italy......................................
137
219
4
87
90
4
10
Switzerland................................
United Kingdom.............................
Other Western Europe......................
Other Eastern Europe..... .................
Canada......................................
Latin America:
Brazil...................... ..............
Chile.....................................
Cuba......................................
Mexico.................................. .
Panama....................................
Peru......................................
Uruguay........................... ........
Venezuela.................................
Other Latin American Republics.............
Bahamas 2/.................................
Netherlands* Antilles and Surinam..........
Other Latin America........................
Asia:
China, People's Republic of
(China Mainland)............. ...........
China, Republic of (Taiwan)................
Hong Kong................ i...............
India...... ............................. .
Indonesia.................................
Israel....................................
Korea.....................................
Philippines...............................
Other Asia................................
Total Asia................................
Africa:
Egypt.....................................
Morocco...................................
South Africa...............................
Zaire.....................................
Other Africa...............................
Total Africa...............................
59
38
134
3
470
2
21
1
5
8
4
69
3
2
2
126
139
4
77
128
5
13
24
34
159
4
882
4
11
2
' 2
17
104
117
4
103
69
5
16
65
17
104
817
3
890
3
*
4
1,611
66
2
2
139
104
•5
99
65
5
2
70
13
97
3
981
2
16
185
183
209r,
211r
267
246
18
16
19
35
18
29
35
10
11
6
22,
*
18
12
5
16
43
39
2
4
187
18
16
33
275
3
5
429
2
2
16
37
162
23
6
329
1
1
5
14
143
9
9
38
9
24
144
9
3
26
233
7
4
49
296
3
7
20
2
7
1
-
12
27
10
10
177
13
7
3
142
420
173
13
5
3
141
412
1
1
1
1
14
31
31
34
52
38
78
34
67
75
7
82
46
9
55
42
Total other countries......................
60
7
67
Total foreign countries......................
2,124
2,677
2,704
2,763
iKfcermiigmLapfl regional..................
*
*
*
*
2,124
2,677
2,704
2
28
2
1
1
68
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shovm for the preceding date; figures in the second
column are comparable to those shown for the following date.
6
6
3
17
32
357
6
6
1
18
11
26
10
10
1
1
6
32
289
3
5
442
18
1
16
5
7
8
50
2,763 -
2/
*
p
r
2
2
24
17
6
1
21
5
5
2
17
30
293
9
2
8
1
27
8
5
6
17
35
319
10
2
18
7r
1
27
I8r
4r
7
21
45r
16
2
30
42
17 .
8
*
34
17
4
5
23
46
366
10
288
4r
10
8
24
47
13
7
*
38
18
6
3
23
47
382
11
19
514
453
7
514
589r
532
638
1
28
26
32
28
32
26r
32
33
31
35
12
12
25
11
7
5
9
188
16
6
4
103
374
1
6
12
7
6
11
223
16
5
5
112
451
12
12
149
7
l6r
13
l60r
15
5
117
410
15
5
151r
458r
32
3
7
12
12
20
20
7
16
7
15
9
234
16
194
19
25
5
156
6
140
513
525
37
9
20
7
6
12
18
19
37
17
25
3
7
56
92
57
60
71
35
57
103
121
105
54
46
47
13
60
46
13
59
11
64
82
3,256
3,213
*
*
3,256
3,213
. 1
!
22
13
4
72
23
85
3
702
17
3
5
1,617
22
22
5
82
103
110
6
18
21
5
7
14
1,758
11
22
100
*
9
18
5
4
4
146
19
107
19
4
165
165
24
*
3
l,905r
181
22
12
122
4
81
12
8
4
161
*
3
1,830
181
14
7
*
9
4
79
2
81
7
3
1,733
221
14
7
*
118
102
$
75
*
3
1,714
227
*
14
108
79
5
3
63
14
119
2
<-83r
7r
4
167
156r
15r
121 ,
109r
14
943
5
1,671
7
*
17
4\
130
2
75
9
4
163
145r
24
127
3
857
3
1,359
18
5
3
145
106r
4
l,009r
7
*
4
1,551
19
2
82
June p
3
949
7
6
2
2
3
34
Other countries:
Australia..................... ............
108
5
2
2
136
142
117
4
108
70
5
16
2
6
5
65
66
2
2
46
Mar.
1
30
11
66
2,924 ,
1
2
2
11
57
2,933
*
*
2,925
2,933
1
3,115r^
*
3,ll5r
8
1
58
3,324r
6
12
54 '
*
3,324r
Through December 31, 1972, Bermuda included’
with Bahamas,
Less then $500,000.
^reliminaiy.
Revised.
72
11
108
Treasury Bulletin
.CAPITAL MOVEMENTS
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of June 30, 1973
Preliminary
(Position in millions of dollars)
Total
short-term
liabilities
Country
Europe:
Payable in
dollars
Payable in
foreign
currencies
*
22
*
*
23
66
2
17
30
*
*
1
2
33
2
168
5
1
*
1
375
2
81
19
4
165
165
24
103
110
13
4
72
23
85
3
702
17
3
5
16
1,617
2
59
18
4
143
99
23
86
79
13
4
71
21
52
1
534
11
2
5
15
1,242
246
213
24
47
13
7
*
38
18
6
3
23
47
382
11
19
638
19
46
13
6
*
35
17
6
3
20
36
349
11
18
581
5
1
*
1
*
2
1
1
*
3
11
33
*
1
58
31
35
12
7
15
9
234
18
19
6
140
525
31
33
10
5
15
7
203
18
18
4
125
470
1
1
2
*
1
31
*
1
1
.14 .
54
20
7
6
12
60
105
20
7
5
12
58
101
*
*•
1
*
2
4x
Other countries:
Australia.....................
All other.........'............
Total other countries...... ...
72
11
82
34
11
45
. 37
*
Total foreign countries..........
3,213
2,652
561
International and regional.......
*
*
-
Grand total.....................
3,213
2,652
561
Belgium-Luxembourg............
Finland.......................
Germany.......................
Netherlands...................
Norway........................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia..... 1..............
Other Western Europe...........
U.S.S.R.......................
Other Eastern Europe...........
Total Europe..................
Canada........................
Latin America:
Argentina.....................
Brazil........................
Chile.........................
Colombia.................. .
'
Cuba..........................
Mexico........................
Panama............ ............
Peru..........................
Uruguay.......................
Venezuela.....................
Other Latin American Republics..
Bahamas.......................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Agia:
China, People*s Republic of
(China Mainland)........ .*....
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea...... i..................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco.......................
South Africa................
Zaire.........................
Other Africa..................
Total Africa..................
* Less than $500,000.
,
......
„
33
_
38
109
November 1973
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Cojntry
-
Europe:
1969
1972
1970
June
1971 1/
2,747
47
67
72
73
72
61
64
85r
2
1
1
*
_
5
13
*
5
1
3
2
1
*
1
1
1
*
_
1
14
*
*
2
3
285
10
*
1
1
1
•*
1
14
*
*
2
3
280
10
*
1
1
1
*
_
1
13
3
*•
2
3
334
15
*
1
1
1
*
_
1
319
314
373
1
*
1
*
*
1
13
2
1
2
3
349
34
1
409
1
1
1
*
_
1
11
lr
1
2
4
312r
48
1 ,
384r
*
*
*
*
_
*
*
*
_
5
30
*
1
*
5
42
5
39
*
1
*
1
47
_
*
*
*
_
5
39
*
1
*
1
47
*
*
_
*
*
*
*•
*
1
1
*•
6
6
*
•*
*
7
7
Other, countries:
Australia.................................
All other.................................
7
•*
21
*
45
*
8
21
45
45
Total foreign countries.....................
2,304
3,102
3,159
3,138
-
-
-
-
-
-
-
2,304
3,102
3,159
3,138
3,300
3,448
3,540
i
2,742
*
255
45
*
65
447
13
158
179
*
2
3
1
426
*
986
*
*
_
2,58Q
Mar.
658
*
5
_
2,111
1
1
174
' 14
_
111
614
•*
161
140
*
7
5
5
424
*•
1,087
*
5
*
261
41
81
553
19
201
164
*
4
5
3
455
866
*
*
_
2,652
Dec,. 2 /
*
261
41
_
72
558
19
201
164
*
4
5
3
453
890
*
•*
_
2,670
1
144
*
56
675
*
152
76
X
7
5
7
325
*
266
45
*
62
580
13
.156
158
*
2
4
2
461
*
992
*
*
Sept.
1973
June p
*
235
48
*
87
37*+
22
149
269
2
*
3
5
613
*
997
*
*
#
249
42
*
82
393
22
148
268
2
*
3
5
581
*
967
*
*
■
*
*
254
43
*
78
348
20
152
236
*
*
3
*
475
*
949'
*
*
_
2,560
2,813**
2,803
2,765
87
89
1
1
1
*
1
1
6
1
1
2
6
347
2
5
2
240r .
43
*
86
370
20
I60r
246
*
*
3
5
576r
*
l,061r
*
*
_
_
_
-
!
Latin .America:
Chile.....................................
Panama....................................
1
Bahamas 2 / ..... .............. ..... ...... 1
Netherlands Antilles and Surinam..........
Other Latin America.......................
2
85
*
*
115
Asia:
China, People’
s Republic of
(China Mainland)........ ................
Hong Kong.................................
India....................................
Israel....................................
Korea.....................................
Philippines...............................
Thailand.............................. .
Other Asia................................
*
_
1
*
_
5
11
*
*
*
6
23
Africa:
Egypt..................................... '
Morocco.................... ..............
South Africa..............................
’
Other Africa..............................
International and regional...................
*
14
1
5
2
2
188
1
*
219
_
_
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
*
p
r
*
*
*
_
6
44 *
*
1
*
1
53
_
*
*
*
6
323
•*
1
*
1
332
11
3
1
2
4
250
64
1
340,
48
6
421
1
360
35
9
421
*
*
1
*
6
481
*
5
*
1
495
*
*
1
1
*
6
482
*
5
*
1
496
*
*
1
1
*
7
565
*
6
*
1
581
*
*•
1
1
*
8
569
•*
6
*
2
586
_
*
*
*
*
6
6
*
*
*
*
*
*
*
•*
2
•*
*
2
7
7
*
*
*
*
6
6
6
6
6
6
X
1
2
2
45
*
54
*
59
*
74
*
74
*
93
*
99
•*
54
59
74
93
99
3,300
3,448-
3,988
3,963
_
3,540
75
3,858r 3,858r
•
,
3,988
3,963
Through December 31, 1972, Bermuda included with Bahamas.
Less than $500,000.
Preliminary,
Revised.
Treasury Bulletin
110
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
1/
Total claims
Payable in foreign currencies
Total
Payable in
dollars
Deposits with banks
abroad in reporter's
own name
Other short-term
claims payable in
foreign currencies
Long-term
claims
1957.................
947
777
637
78
63
170
1958.................
943
720
568
88
63
223
1959.................
1,009
705
605
68
32
304
I960 1/..............
f 1,775
^1,859
1,432
1,505
824
875
58
71
549
560
344
354
1961-Mar. 2/..........
f 1,633
^1,701
1,248
1,305
939
968
76
89
233
248
385
396
June 2/..........
f 1,895
I 1’934.
1,496
1,528.
1,181
1,208
122
126
193
194
399
406
Sept. 2/.........
f 2,099
\ 2,117
1,646
1,664
1,323
1,340
131
132
192 "I
192 j
453
151
502
153
168
636
704
2,138
1,636
1,335
150
1962-June 2/..........
f 2,443
^ 2,678
1,807
1,974
1,475
1,598
178
208
Dec.-2/..........
f 2,809
( 2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
1963-Mar. 2/..........
/ 2,929
^ 2,979
2,113
2,162
1,712
1,758
201
204
200 1
200 J
816
June 2/..........
f 3,0481
2,282
1,877
222
183
Dec. 7j..........
f 2,854
2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
1964-June 2/..........
f 3,297
2,482
2,430
2,000
1,952
220
219
262^1
260 J
815
Dec. 2/.........
f 3,738
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
1965 2/..............
f 3,565
^3,438
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
1966.................
3,884
2,628
2,225
167
236
1,256
1967 2j..............
f 4,483
{ 4,581 .
2,946
3,011
2,529
2,599
201
203
216
209
1,537
1,570
1968............ '.___
5,572
3,783
3,173
368
241
1,790
f 5,925
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
1970.................
7,110
23A
348
2,950
r 8,303
^ 8,122
4,160
,5,185
5,004
3,579
1971 2/..............
4,535
4,467
318
290
1972-June............
8,586
5,331
4,685
376
333
247
270
3,118
3,118
3,255
8,730
5,495
4,833
432
230
3,235
f 9,092r
^ 9,540r
5,723r
6,068r
5,074r '
5,394r
411r
393r
238
28lr
3,369r
3,472r
10,443
6,839
5,945
458
436
3,604
Dec.............
1969,2/..............
Sept•..•••••••••••
Dec.
2/.........
1973-Mar.............
^ 3,164J
^ 3,245
^ 3,934
^ 6,523
'
f
^
766
882
502
3,662
7,106
355
10,768
6,249
for earlier quarter ends when the reporting coverage changed.
Note:
Breaks in series arising from changes in reporting coverage which
2/ Data on the two lines shown for this date differ because of changes
amount to $5 million or less for any year are not shown; in such
in reporting coverage. Figures on the first line are comparable in
cases, only the figure comparable to that for the following date is
coverage to those shown for the preceding date; figures on the second
shown.
line
are comparable to those shown for the following date,
1/ Data are shown for calendar'year ends and for the most recent five
p Preliminary.
r Revised.
quarter ends for which figures are available. Data are also shown
November 1973
ill
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
1972
Calendar year
Country
Austria.............
Belgium-Luxembourg...
Denmark........
Finland.............
France.............
Germany.............
Greece..............
Italy...............
Netherlands.........
Norway..............
Portugal............
Spain...............
Sweden..............
Switzerland.........
Turkey..............
United Kingdom......
Yugoslavia..........
Other Western Europe.
U.S.S.R.............
Other Eastern Europe.
Total Europe........
1969
1970
1971 1/
June
Sept.
5
59
16
7
122
219
19
155
64
17
10
77
32
45
12
999
18
12
3
19
1,909
10
47
17
11
150
209
28
163
62
16
15
81
40
47
8
698
17
9
1
23
1,652
14
62
15
18
208
192
35
191
69
13
16
125
40
63
9
957
13
13
14
13
2,080
14
60
15
18
202
192
34
186
68
13
16
124
40
63
9
947
13
13
14
13
2,052
16
64
20
19
207
191*
36
184
66
17
21
117
37
59
11
990
10
10
8
14
2,098
15
63
19
16
188
200
30
174
71
19
20
130
45
57
8
992
11
11
30
17
2,117
1973
Dec . 1/
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044*
12
14
23
19
2,309r
Mar.
June p
19
73r
29
25
231r
194
35
202
83
16
19
157
57
81r
47
l,155r
12
12
23
19 _
2,489*
14
106
26
21
290
242
36
204
96
17
19
159
45
85
23
1,385
14
9
26
15
2,831
17
93
20
21
318
270
40
199
97
19
25
140
49
89
15
1,360
18
9
73
19
2,890
842
769
909
781
936
996
899
930r
1,308
1,256
Latin America:
Argentina......................
Brazil................. .......
Chile..........................
Colombia.......................
Cuba...........................
Mexico.........................
Panama.........................
Peru...........................
Uruguay........................
Venezuela.....................
Other Latin American Republics...
Bahamas 2/.....................
Netherlands Antilles and Surinam.
Other Latin America.............
Total Latin America.
54
86
41
33
1
148
19
30
7
56
90
87
6
37
677
61
120
48
37
1
156
18
36
6
67
99
188
9
29
874
55
150
47
46
1
151
21
34
5
81
101
366
9
24
1,090
54
148
46
45
1
151
21
34
- 5
81
99
366
9
24
1,084
50
153
41
38
1
143
22
32
5
75
106
442
10
18
1,134
52
163
33
39
1
154
20
36
7
74
96
519
11
23
1,226
59
175
33
41
1
180
19
40
4
89
91
520
12
23
1,289
78r
168r
34
40r
1
183
67
36r
4r
92
94*
547r
13
35
l,390r
74
1 170
31
40
1
195
72
33
5
106
95
534
12
44
1*,410
62
176
29
36
1
205
72
34
5
99
101
740
11
91
1,661
Asia:
China, People's Republic of
(China Mainland)..........*
China, Republic of (Taiwan).
Hong Kong.................
India.....................
Indonesia............. J...
Israel....................
Japan.....................
Korea.....................
Philippines...............
Thailand..................
Other Asia................
Total Asia.
19
11
37
12
36
255
28
40
15
117
572
*
33
17
34
21
23
323
42
30
11
145
678
1
41
24
37
29
23
411
68
49
15
146
844
1
41
23
35
28
22
405
68
48
15
144
830
*
45
23
32
25
17
451
61
67
15
174
911
1
51
22
36
32
18
452
57
63
14
171
918
*
67
24
33
33
31
456
63
49
15
201
972
■
*
65r
32
34
33
31r
467
63
48r
22
203r
999r
1
61
31
31
38
34
509
47
47
25
188
1,012
10
76
34
28
35
27
500
40
47
24
203
1,024
Africa:
Egypt.......
Morocco.....
South Africa.
Zaire.......
Other Africa.
Total Africa.
9
4
30
4
42
88
9
3
30
3
47
92
9
3
41
6
97
156
9
2
41
6
97
155
6
2
46
7
72
7
.3
53
5
73
140
16
3
52
8
76
155r
2?
3
55
16
75
23
133
7
3
. 45
7
61
122
173
174
Pther countries:
Australia.....
All other.....
Total other countries....
60
10
70
80
15
94
83
19
102
80
17
98
97
18
116
92
18
110
94
20
114
84r
21r
105r
82
23
104
77
23
100
6,068r
6,838
7,105
Total foreign countries....
4,159
Mem-frfontq and regional
Grand total..............
4,159
4,159
5,182
5,000
5,328
1
4
4
3
5
5,331
5,495
4,160
5,185
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
5,004
2/
*
p
•T
5,490
5,723*
1
5,723r
1
1
6,839
7,106
1
6,068r
52
15
81
Through December 31, 1972, Bermuda included with Bahamas.
Less than $500,000.
Preliminary.
Revised.
112
Treasury Bulletin
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of June 30, 1973
Preliminary
(Position in millions of dollars)
Total
short-term
claims
Country
EujjQRe:
Belg ium-Luxembourg............
Finland.......................
France........................
Italy.........................
Spain.........................
Sweden........................
Switzerland...................
United Kingdom...... .'.........
Yugoslavia....................
Other Western Europe...........
Other Eastern Europe...........
Total Europe.... ..............
Canada..........................
Iaiia^America:
Chile.........................
Colombia......................
Cuba..........................
Mexico........................
Panama'...................... ..
Peru..........................
Uruguay.......................
Other Latin American Republics..
Bahamas.......................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..........
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco.......................
South Africa..................
Zaire.........................
Other Africa..................
Total Africa..................
Payable in foreign currencies
Payable in
dollars
Deposits with banks abroad
in reporters own name
Other short-term claims
payable in foreign currencies
17
93
20
21
318
270
40
199
97
19
25
140
49 N
89
15
1,360
18
9
73
19
2,890
16
72
19
20
266
198
39
178
81
18
25
135
47
77
14
1,264
18
8
72
18
2,586
213
*
5
1
1
8
22
1
6
10
1
*
2
2
3
*
30
*
*
*
*
92
1,256
1,044
35
176
62
176
29
36
1
205
72
34
5
99
101
740
11
91
56
163
28
34
*
197
66
30
5
93
88
731
10
56
1
9
*
1
1
*
4
3
*
1
7
9
*
32
6
4
*
1
7
1
1
*
4
6
*
*
2
1,661
1,558
69
34
10
76
34
28
35
27
500
40
47
24
203
10
74
29
21
35
25
348
40
42
23
191
1
*
6
*
*
141
*
1
*
6
1
4
1
*
2
11
*
5
1
6
1,024
837
155
31
23
3
52
15
81
19
2
42
12
73
3
*
1
1
5
1
*
9
i
3
174
149
11
14
77
23
. 53
20
16
2
7
1
1
17
*
*
44
50
*
15
6
*
*
3
*
10
1
65
*
*
*
*
_
,
,
1
-
Other, countries:
Australia.....................
All other.....................
Total other countries..........
100
74
18
8
Total foreign countries..........
7,105
6,248
502
355
JjrtemtfoPzq apd regfopal.......
1
1
-
-
Grand total.....................
7,106
6,249
502
355
* Less than $500,000.
113
November 1973
.CAPITAL MOVEMENTS,
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
End of
calendar year
or month
Total
short-term
liquid
claims
196 4
1965 &/..
(
196 6
1967 2/..
(
196 8
1969 Z/..
197 1
Total
Demand
Time
Short-term
investments 1/
Deposits
Total
Demand
Short-term
investments 1/
Time
28
870
205
334
42
liT
174
917
844
691
625
19
19
557
549
114
57
227
219
45
45
90
86
92
88
973
805
58
699
48
168
40
69
59
1,078
1,163
901
985
66
66
702
786
133
133
177
178
50
51
77
77
49
49
1,638
1,306
28
1,192
87
332
49
222
60
1,318
1,068
1,222^
951
1,062
116
161
250
269
174
183
76
86
1,141
847
697
150
294
173
121
1,648
1,295
1,205 '
1,092
1,078
203
127
354
234
234
120
302
1,615
1,813*
1,446
1,758*
169
55*
350
406
307
338
43
1,965
2,219r
1,820
1,697
1,644
1,660
1,602
1,527
1,472
2,033
2,058
1,493
1,446
1,615
^1,965
Dec .2/.
1,758*
1,813*
^ 2,219r
1,86lr
^2,369r
1,935*
1973-Jan..
2,155*
2,901r
Feb..,
2,304*
2,191*
2,330*
Mar..
2,963*
2,175*
2,286*
2,938r
Apr..
2,309*
2,4-22*
3,063*
May..
2,457*
3,109r
2,524*
June.
2,387*
2,505r
July.
3,153*
2.477
3.238
2|%S.
Note: 'Data represent the liquid assets abroad'of large nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shewn in Tables CM-IV-1 through CM-IV-3.
1 / Negotiable and other readily transferable foreign obligations payable
on demand or having ar contractua.1 maturity of not more than one year
1972-Aug..
Sept.
Oct..
Nov..
Payable in foreign currencies
1,102
( 1,507
1972 2/
Deposits
1,436
( 1,491
197 0
(In millions of dollars)
Payable in dollars
2,273
2,101
68
68
L2
453
61
45
359
403
57
332
389
398
55
343
42
307
350
68
338
406
342
435
93
225
597
373
408r
225
633*
238
652
414
211
430
641
451r
584*
134
118
648r
473*
175
481
695
65
214
l
E
S
^
t
o
e
d
a
t
e
^
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line are
comparable to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
r Revised.
217
170
171
167
169
55r
74*
149r
139r
llOr
113*
67*
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Italy...................
Switzerland.............
All other countries j*/....
Total...................
1969
1970
1971 3/
1973
Apr
1972 1/
27
9
58
15
4
6
663
6
12
31
15
6
7
372
14
39
4
22
3
6
577
14
39
3
22
3
6
580
21
23
5
16
2
21
702
534
34r
23
13
17
2
21
868r
64
58
13
22
7
24
1,033
May
48
73
39
18
10
28r
996
June
July
45
70
56r
18
16
30r
l,054r
73
69
40
15
19
22r
l,060r
52
44
36
15
10
6
1,059
Aug
436
587
443
485
506
84O
940
835r
898r
874
66
144
259
259
459
484r
586r
627r
698r
623r
786
62
58
77
77
132
135
149
140r
149r
155
192
47
54
61
61
100
116
142
144
139
177
1,491
1,141
1,648
1,507
1,965
2,219r
2,938r
3,063r
3,109r
3,153r
163
3,238
'
Note*
Data represent the liquid assets abroad of large nonbanking con
cerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/ Through December 31, 1972, Bermuda included with Bahamas.
'2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
r Revised.
Treasury Bulletin
U4
__ _________________________ CAPITAL MOVEMENTS______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of August 31, 1973
Total
short-term
liquid
claims
Country
Belgium-Luxembourg............
France.....................
Germany......................
Italy........................
Netherlands..................
Switzerland..................
United Kingdom...............
(Position in millions of dollars)
Payable in dollars
Total
52
44
36
15
10
6
1,059
40
10
7
4
7
3
980
Canada.......................
874
Bahamas......................
786
Deposits
40
10
7
4
7
3
961
633
783
Payable in foreign currencies
Short-term
investments 1/
Total
Deposits
Short-term
investments 1/
20
13
34
29
11
3
2
79
13
34
29
11
3
2
79
590
42
241
38
203
783
-
3
3
-
_
_
_
_
-
_
-
_
_
-
-
Japan..........;.............
192
2
2
-
191
184
6
All other countries 2/........
163
74
71
3
89
84
5
3,238
2,542
2,477
65
695
481
214
Total........................
1
1....
.. -
Note:
Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on foreigners
reported by nonbariking concerns in the United States and are included
in the figures shown in Tables CM-IV-1 through CM-IV-3.
*
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
'
from the date on which the obligation was incurred by the 'foreigner,
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in anv country not listed above.
November 1973
115
_____________________________ .CAPITAL MOVEMENTS_____________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
1
Calendar year
Country
1969
1970
1971 1/
1972
June.
Sept.
1
4
7
7
18
8
67
40
351
27
15
77
38
5
14
108
13
13
2
4
7
6
21
6
54
41
350
27
14
71
36
8
15
128
14
11
1973
Dec,. 2/
Mar.
June p
Europe:
United Kingdom............................
Yugoslavia................................
Other Western Europe......................
*
4
1
3
17
13
58
125
10
13
22
83
68
1
5
152
3
14
*
5
6
3
14
16,
57
88
312
22
19
86
51
10
3
146
4
11
Other Eastern Europe......................
Total Europe..............................
1
595
Belgium Luxembourg........................
Penmark.
France....................................
Greece....................................
Italy.....................................
Netherlands...............................
Spain................. ...................
Sweden....................................
Switzerland...............................
Canada.....................................
Latin America:
Argentina................................
Chile....................................
Colombia.................................
Cuba.....................................
Mexico...................................
Panama....................... ............
Peru.............. ......... .............
Uruguay..................................
Venezuela.................................
Other Latin American Republics...,..........
Bahamas %/...............................
Other Latin America.......................
Asia:
China, People's Republic of
(China Mainland)........ 1...............
China, Republic of (Taiwan)...............
Hong Kong................................
India.............. .....................
Indonesia................................
Israel...................................
Japan....................................
Korea....................................
Philippines...............................
Thailand.................................
Other Asia................................
Africa:
Egypt....................................
Morocco..................................
Zaire....................................
Other Africa..............................
Total Africa..............................
gther.c a W ^ H e s :
Australia....................... .........
All other.................................
Total foreign countries.....................
Inteynatj-oivq- and regional.................
Grand total.................................
7
820
8
823
2
4
7
6
22
7
53
54
343
25
13
70
34
28
15
162
'16
11
*
7
877
797
805
833
870r
884
894
60
188
233
32
9
61
32
31
4
32
227
5
1
6
920
56
177
238
31
9
63
22
32
3
23
234
9
*
2
70
I87r
238r
32
9
63r
35r
16
4
30
239r
22
*
4r
949r
66
165
252
20
9
62
35
15
2
31
902
59
184
236
30
9 !
60
36
16
4
30
223r
8
*
7
902r
54
146
252
19
10
64
40
18
15
30
244
112
*
4
1,007
_ 1
34
1
17 '
21
70
161
92
57
17
69
538
_
43
1
18
36
71
132
75
61
18
66
522
«
39
1
17
28
-73T '
156
85
63
16
83
562
_
40
1
18
28
75
134r
68
63
16
85
527
534
*
52
1
17
29
86
138
69
59
16
84
549
75
89
4
*
9
1
72
87
5
*
2
1
72
80
4
*
15
5
78
102
4
*
18
1
81
105
88
5
93
88
5
93
100
5
105
102
5
107
110
11
121
115
12
127
3,115
■ 3,255
3,232
3,468r
3,601
3,658
2
2
-
3
4
4
3,118
3,118
3,255
3,235
3,604
3,662
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
1
854
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128 13
12
_
5
832
562
669
761 '
767
65
177
200
22
9
77
29
21
1
20
44
3
*
5
674
71
183
261
38
9
60
29
30
2
23
143
3
*
9
861
66
174
216
34
9
60
29
28
4
30
225
4
*
7
886
66
174
217
34
9
60
29
28
4
30
225
4
*
7
887
,
«.
19
1
14
9
50
142
79
38
9
52
412
_
29
2
13
17
46
140
81
42
16
47
432
_
33
2
15
21
49
141
79
48
17
62
468
_
33
2
15
21
41
136
85
48
17
62
461
|
1
4
*
2
*
69
75
4
*
2
*
64
71
4
1
6
*
75
86
4
1
6
*
75
86
6
■
*
9
*
70
86
41
5
46
59
5
64
78
5
83
77
5
82
2,363
2,950
3,115
*
2,950
-
2,363
1/ Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for tfie~preceding date; figures in the second
column are comparable to those shown for the following date.
5
832
2/
*
p
r
i
|
i
i
I
1
‘
4
*
9
3,365r
4
3,369r
6
5r
7
6
26
7
43r
55
366
28
16
65
34
29
27
179
16
12
*
7
934r
7
4
3
6
43
8
41
64
383
33
15
62
32
47
26
144
15
11
•*
7
952
,
i
i
7
976
244 * ;
107
*
3
1,009
42
1
18
29
87
124
69
61
16
85
4
3,472r
,
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000..
Preliminary,
Revised.
7
5
4
6
53
9
39
72
379
34
15
58
29
50
26
157
14
10
,
1
Treasury Bulletin
116
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
.(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Marketable Treasuiy bonds and notes
Corporate and other securities
Net foreign purchases
Calendar year
or month
Foreign countries
Total
195 8
......
195 9
196 0
1961...........
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
36
689
127
512
-728
671
-33 8
-76
-616
-43
-489
-45
56
1,672
3,316
1,453
1973-Jan.-Sept.p
1972-Sep t
!
Oct.......I
Nov.......
Dec.......
1973-Ja........ n
Feb.......
Mar.......
Apr.......
May.......
June......
July ....
Aug. p ....
Sept.p....
258
356
395
403
562
515
554
31
-48
-71
-79
-51
40
Official
insti
tutions
-59
-20
-245
48
-380
-115
-41
1,661
3,281
1,677
237
340
377
403
562
579'
540
16
-28
8
-237
524
-98
-20
-207
369
Inter
Other
national
foreign and
regional
ers
273
165
224
532
-521
302
-315
-151
-427
-121
-161
36
95
56
30
51
59
123
-119
-22
-77
11
-25
130
57
-148
11
17
10
1
18
1
•*
-52
3
23
-15
-1
-12
10
-9
-39
-9
-33
-69
-71
17
12
20
Gross*:
foreign
purchases
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,212
267
369
418
427
573
604
555
43
131
8
120
46
132
Bonds 1/
Stocks
Net
Gross
foreign
foreign purchases
Net
Gross
Gross Net
Gross
sales
of
foreign fbreign
foreign foreign foreign
corporate purchases purchases sfiifi.es purchases purchases
and other
securities
Gross
foreign
sales
1,188
> 528
1,603
1,231
2,508
1,196 .
1,487
1,153
1,296
629
932
574
634
742
1,043
759
9
12
23
24
11
89
2
12
179
79
200
96
91
Data include transactions in issues-of states and municipalities, and
of corporations and other agencies of the U.S. Government.
-39
435
252
223
60
207
-173
-375
678
1,070
4,234
2,688
1,582
1,415
4,058
4,562
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
684
1,871
322
309
632
639
750
731
1,109
523
40
198
477
524
210
156
150
142
289
260
270
759
385
161
64
161
183
2,240
-2
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,947
4,713
4,438
360
349
367
549
451
480
1,076
697
364
331
441
372
226
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
2,198
204
199
225
260
192
210
317
313
204
267
279
189
228
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,322
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
9,090
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,9428,301
10,894
12,173
b,768
166
159
490
350
490r
46lr
350
139
805
1,005
1,560
1,464
1,423
1,316
1,144
640
846
1,070
1,314
934
856
793
728
898
632
564
631
734
-1 2 1
134
316
341
213
866
777
766
880
972
947
Less than $500,000.
Preliminary.
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States),
Net foreign
Foreign bonds
Foreign stocks
purchases
Calendar .year
Net Foreign
Gross foreign
Gross foreign
Net foreign
Gross foreign
of
foreign
or month
purchases
purchases
sales
purchases
purchases
securities
1958................
1959................
1960................
1961................
1962................
1963................
1964................
1965................
1966.;..............
1967................
1968................
1969................
1970................
1971................
1972................
1973-Jan.-Sept. p.....
1972-Sept............
Oct............
Nov............
Dec.............
1973-Jan............
Feb............
Mar............
Apr............
May............
June............
Sept .p..........
*
p
Less than $500,000.
Preliminary,
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-651
-290
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,060
-475
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,119
42
16
47
-167
11
-53
-35
-222
-132
*
19
-175
-11
22
173
154
136
243
191
145
144
117
139
125
-100
-61
-34
94
96
67
-129
49
116
-166
1
34
-100
-69
-25
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,686
2,581
2,441
2,621
* 2,961
1,593
163
207
171
465 .
323
144
125
292
150
103
194
157
101
Gross foreign
sales
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
185
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,286
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,101
32
69
82
55
4
49
97
9
12
12
*
-8
10
173
188
192
233
161
194
211
121
137
123
107
117
115
142
119
110
178
158
145
114
112
125
111
107
125
105
November 1973
117
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1973
Country
1970
Eurone:
Austria................ ......
Belgium-Luxembourg............
Denmark.......................
Finland............. .........
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway............. ..........
Portugal .....................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe.........................................
Other Eastern Europe.........................................
Total Europe......................................................................
*
5
-8
*
*
-
*
*
*
•*
7
*
96
1973
through
Sept. p
1972
1971
•*
-1
_
*
*
*
*
*
■
*
*
4
26
■
*
*
_
*
*
*
*
*
*
*
79
-15
-
-
-149
4
-
-
-
*
55
*
-
_
_
*
100
-1
—68
67
3
377
■
*
1
1
1
1
1
*
*
*
*
5
_
*
80
-8
"80_
-
-
*
_
*
_
*
*
_
*
*
_
*
_
_
-2
-
-
-
-1
-6
-
*
■
*
*
*
5
-
| 1
I
1
1
*
23
-19
_
_
-
-4
-39
11
_
-_
*
_
_
-
-
-
*
-
-
-
_
-1
*
1
23
*
-8
2
1
*
-1
*
-
*
-
*
*
-x
130
57
-148
56
1,672
3,316
1,453
!
-14
-
*
*
(
-
-
*
*
*
1
_
_
_
_
-
_
*
*
_
*
_
_
•*
*
*
-
-
_
-
1
_
_
*
_
-
-
*
_
-
_
_
_
-
*
-
*
_
_
_
_
_
_
*
_
*
_
_
*
*
*
!
_
*
_
_
_
*
*
*
i
-
_
*•
_
_
*
_
_
-
•
_
_
-
-
-
-
-
-
_
*
*
-
-
_
1
-1
3
*
-
-
*
-
_
_
*
_
*
*
-
*
-
*
2
*
*
1
5
*
*
_
*
*
|
_
_
-
3
*
_
*
-
*
-
_
*
*
*
*
*
3
*
-
42
-43
■*
1
1
_
_
*
_
*
*
_
_
•*
30
*
-
1I
Sept. p
*
*
_
_
*
*
_
_
_
-
-
-25
_
-
*
*
*
Aug. p
July
-
Total international and regional.
2
!
June
-
*
Grand total......................
*
.
May
*
-
-
Canada--------- TT - - t T --------t t r r r . 1 . * . . . . . .
Latin Africa:
Argentina...................................................................................
Bahamas 1/ . ;. . . . . .» .........................
Brazil...............................................................................................
Chile..................................................................................................
Colombia.......................
Cuba....................... .
Mexico.........................
Panama............................................................................................
Peru...........................
Uruguay........................
Venezuela....................................................................................
Other Latin American Republics. . .
Netherlands Antilles and Surinam.
Other Latin America................................................
Total Latin America............................................
Asia:
China, People’
s Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India..i......................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco.......................
South Africa..................
Zaire........................ .
Other Africa..................
Total Africa..................
Other countries:
Australia.....................
All other.....................
Total other countries..........
Total foreign countries..........
International and regional:
International..................
Latin American regional........
Asian regional.................
-7 6
Apr.
_
_
;
1
1
1
1
_
-
*
20
*
_
*
-20
_
_
*
_
_
*
-
1
1
1
1,569 ,
a |
- i
.... -1 .. i
1,570 |
-
_
.
_
_
_
_
_
_
_
_
_
_
*
*
1,662
_
*
*
•*
2,663
_
*
_
*
1,642
2,664
_
-35
-35
_
_
125
125
25
25
-
_
_
_
_
-
•*
*
25
25
*
*
-
82
i;3'42'
3,258
1,601
-31
6
-
124
6
*
60
-3
-
-165
17
*
*
*
*
-1
2
20
35
35
*
■
*
*
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
*
16
*
16
_
1
_
_
_
_
_
-1
-1
*
_
•
_
*■
_
_
_
-28
_
_
_
*
-28
*
2
_
*
2
-
_
_
_
_
_
-
-25
-25
_
-
-
_
-
_
-
_
-
40
-15
-1
-10
1
-
-33
*
-
-70
1
-
-72
1
i
-9
-33
-69
-71
1
31
-48
-71
-79
“ i1*
1
,
1
1
_
_
1
*
_
_
_
_
_
-
-
|-
_
_
_
*
*
I
_
_
_
.. ..
-<&_ ..
17
_
_
20
20
-
1JL—
-51
20
40
Treasury Bulletin
118
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Belgium-Luxembourg.............
Denmark.......................
Finland.......................
France........................
Germany.......................
Italy....;....................
Netherlands...................
Norway........................
Portugal......................
Spain.........................
Sweden........................
Switzerland...................
Turkey.........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
U.S.S.R.......................
Other Eastern Europe...........
Total Europe..................
Canada..........................
LEffrin America:
Brazil........................ \
Chile......................... '
Colombia......................
Cuba..........................
Panama. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Peru.......................... :
Uruguay....................... |
Venezuela..................... .
Other Latin American Republics.. '
Netherlands Antilles and Surinam
Other Latin America. . . . . . . . . . . . . . . . . . .
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
India. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Indonesia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Israel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Korea. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Philippines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Thailand. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1970
*
7
*
1
2
3
*
*
1
*
*
1
2
34
_
472
-
71
5
480
178
181
-
-
-
71
71
-
-
558
561
560
560
*
4
*
4
-
*
•*
-
*
*
*
_
-
*
-
*
*
*
-
*
*
*
8
7
7
7
*
*
1
1
20
-
_
_
1,717
*
*
*
Other countries:
Australia.....................
All other.....................
Total other countries..........
Total foreign countries..........
9
1,727
.
*
_
.
.
-
-
*
*
-
560
1
1
*
4
*
*
*
1
_
!
*
*
-
*
*
*
-
4
1
2
7
7
7
*
*
*
-
-
-
i
1
-
-
-
-
1
*
*
*
*
5,950
2
5,949
*
*
*
*
*
8
-
5,987
_
-
*
*
*
9
5,988
*
-
*
*
9
5,988
12
!
-
5,977
*
*
i i
*
5,977
*
*
*
1
*
5,978
1
2
4
1
2
1
1
2
-
*
-
71
5
546
-
*
.
*
,
I
|
1
'
;
1
2
*
-
•
*
*
9
5,988
-
*
*
*
9
4,391
i
*
*
-
-
*
*
-
1
*
*
7
*
1
2
3
*
*
1
5
*
1
165
37
247
*
*
*
*
-
*
*
560
*
*
1
5,978
4,380
*
*
-
560
4
“
*
*
*
*
9
85
-
*
*
56
1
5
547
7!
_
5
504
*
-
-
-
71
4
*
*
■*
i
*
*
236
*
*
1
2
1
2
1
2
j
-
*
275
Sept. p
1
!
-
'
|
4
*
*
*
*
6
*
1
2
3
*
*
1
5
*
1
135
37
*•
*
*
*
6
*
1
2
3
*
*
1
5
*
1
135
42
4
*
-
!
|
l
Aug. p
Mr
*
*
*
-
*
-
5
554
-
-
-
5
555
-
-
-
280
71
281
5
569
*
*
*
6
*
1
2
3
*
*
1
5
*
' 1
135
43
5
547
*
2
2
*
6
*
1
2
3
*
*
1
5
*
1
135
43
-
July
June
-
300
-
■
*
4
_
*
3
-
43
43
Total international and regional
*
1
6
60
_
323
17
6
547
*
6
*
1
2
3
*
*
1
*
*
1
135
44
*
6
*
1
2
3
*
*
1
*
*
1
85
45
327
71
*
May
Apr.
1972
*
6
*
1
2
3,
*
*
1
-
Africa:
Egypt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Morocco.......................
South Africa..................
Zaire................ . .......
Other Africa..................
Total Africa..................
.Ii^tpym^iQnftl apd yepiQpa^;
International.................
1971
1973
*
3
5,959
_
8
,
5,961
_
*
*
183
183
183
183
183
183
183
183
'158
183
183
158
25
25
25
25
25
25
25
25
25
25
25
25
25
25
2,404
5,661
7,333
7,318
7,317
7,308
7,241
7,261
126
30
156
2,558
186
28
*
142
27
*
72
27
*
100
7,417
1
28
*
1
45
*
21
45
*
29
7,337
46
66
7,287
7,327
8
8
133
133
*
*
*
*
860
2
24
26
886
-
214
5,874
-
176
27
*♦
|
Note: Data represent estimated official and private holdings of marketable
U.S. Treasuiy securities with an original maturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971 and the
monthly transactions reports. For statistical convenience, the new series
202
7,535
169
7,487
is introduced as of December 31, 1970, rather than as of the survey date.
1/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary.
November 1973
U9
___________________________________ CAPITAL MOVEMENTS__________________________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1973
Country
1970
Europe:
Austria.......................
Belgium-Luxembourg............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway........................
Portugal .....................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
Other Eastern Europe...........
Total Europe..................
Canada..........................
Latin America:
Bahamas 1/....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Mexico........................
Panama................... .
Peru...................... .
Uruguay.......................
Venezuela.....................
Other Latin American Republics ,.
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong............. i......
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco.......................
> South Africa..................
Zaire.........................
Other Africa..................
Total Africa..................
Other countries:
Australia.....................
All other.....................
Total other countries..........
Total foreign countries..........
*
85
2
*
35
48
1
15
37
-18
*
3
1
134
*
118
*
2
*
464
.T 2 8 .. .
1971
-1
7
2
2
15
35
*
5
-1
13
*
1
6
197
*
327
*
2
1
612
---
6
30
5
1
336
77
-1
48
74
31
*
4
2
135
*
357
*
188
1
1,293
M,ss..
*
5
*
*
*
_
*
7
*
*
3
1
9
*
1
21
*
*
*
_
-2
1
*
1
1
*
-3
*
1
25
*
*
1
_
-2
3
*
*
*
*
-7
*
25
19
22
3 '
7 1
4 ■
1351
46
*
54
-22
40
*
3
5
196
-1
179
I1
1
-
v
318
•*
...."555..
.... mu r m
*
10
1
*
*
~
-3
1
*
*
1
*
9
4
24
Apr.
May
June
*
2
1
*
33
2
*
1$
*
4
-1
-1
*
1
-4
*
6
-1
7
*
*
1
76
120
10
215
-1
-6
*
_
6
-3
*
4
*
*
*
*
-3
*
-9
*
-10
7
7
3
*
1
*
*
*
_
*
1
*
*
*
*
*
*
*
1
*
_
_
-3
*
*
*
*
1
*
*
*
•*
_
_
_
-1
*
*
*
*
4
*
1
-1
4
-
1
1
65
*
-96
70
98
16
*
2
*
*
_
*
*
*
*
*
1
1
4
1
,
1
1
1
1
,
-
July
Aug p
*
*
*
_
*
-2
*
5
*
2
*
*
*
13
-1
-15
*
2
*
1
*
31
46
*
4
1
2
*
2
*
*
1
2
_
*
*
22
28
*
*
_
*
1
.
*
3
*
*
*
6
*
-1
*
-11
-2
*
*
_
*
*
*
6
323
*
*
*
_
2
2
*
_
*
_
*
*
10
*
10
-14
1
-12
-21
*
*
*
632
645
1.723
324
*
-
39
*
39
684
145
■
*
3
148
1,871
-21
*
324
956
*
8
*
*
-1
971
*
*
*
1
979
_
*
4
*
*
*
313
.
1
*
191
*
191
2,240
*
72
_
*
_
*
!
14
-
3
I
154
-1
*
*
*
*
3
*
_
*
1
i
*
!
i
,
*
*
*
i
*
i
1
4
i
!
—
*
—
26
-1
*
.
*
*
-
*
■
*
*
*
*
1
i
_
*
*
_
*
1
_
_
*
*
_
1
2
_
*
_
*
«.
*
*
_
*
*
_
_
_
*
*
*
*
*
*
10
10
*
*
*
*
*
317
224
____ I___
11
159
37
68
68
-63
-63
161
59
*
150
150
24
-
-39
-
161
183
385
p
*
1
*
*
-1
1 i
_
_
*
*
i
Note: Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
1/ Through December 31, 1972, Bermuda included with Bahamas.
1
199
1
>
'
•
,
*
*
_
*
2
*
*
-2
*
14
•*
1
*
_
*
1
*
*
*
*
2
*
*
199
*
*
*
2.049
_
*
1
_
_
*
■
*
_
*
_
*
*
Sept. p
*
—
International and regional.:
Asian regional................
Total international and regional
1973
through
Sept. p
1972
Preliminary.
Less than $500,000.
*
_
59
64
*
_
i
_
*
*
_
_
*
*
•*
11
_
*
*
*
11
_
_
_
*
*
*
*
24
-
;
— =32.-2
120
Treasury Bulletin
CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1973
Country
1970
Europe:
Austria.......................
Belgium Luxembourg.............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway........................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
Other Eastern Europe...........
Total Europe..................
Canada..........................
La^in America:
Chile.........................
Panama........................
Other Latin American Republics..
Netherlands Antilles & Surinam..
Other Latin America...........
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
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.............
Asian regional................
African regional..............
Total international and regional
Grand total......................
'
1971
1972
1973
through
Sept.p
-2
-10
*
*
58
195
1.
38
128
3
2
3
-7
110
-2
-33
*
-2
*
*
3
38
-1
-7
87
131
-1
32
219
2
5
6
-3
168
-2
-49
-1
*
1
4
51
6
1
372
-51
10
36
297
-1
23
6
-4
642
2
561
•*
3
*
*
7
128
1
*
297
-28
14
61
248
10
7
4
-3
716
1
271
6
6
482
627
-9
-93
1,958
-78
\?Jil
151
*
14
1
1
*
*
9
-3
-1
-1
6
*
26
-4
47
-3
46
-1
-1
*
*
-6
5
-1
-1
-4
-7
13
-3
37
-1
5
*
*
-1
_
5
-3
*
-1
-7
13
-35
-7
-32
1
-20
*
*
1
*
4
16
*
1
-1
-3
-31
29
*
*
55
*
1 *
2
10
*
1
*
16
85
*
*
50
-2
*
*
48
*
2
-2
11
108
*
1
56
-2
*
4
159
*
4
*
34
256
*
-1
16
*
-1
3
331
-2
1
-1
50
396
*
-1
*
*
-1
-1
*
*
*
*
1
*
•*
*
-1
*
-1
-1
*•
*
-5
*
1
1
*
-2
*
1
-2
*
-1
-1
604
677
2,102
Apr.
*
;
2
10
*
*
67
-19
1
8
25
1
1
*
•*
80
-1
28
7
*
210
•*
1
*
*
-2
-43
2
-2
-14
1
1
*
*
-22
*
-39
*
*
*
105
-117
-7
74
8
*
-10
»*
*
*
*
*
3
*
*
-1
*
-10
1
-16
Sept.p
1
20
*
*
53
1
1
7
60
2
1
1
1
57
*
40
1
*
1
13
*
*
63
6
1
-2
18
1
*
-1
52
*
15
*
1
*
-1
*
*
*
*
-1
3
*
*
■
*
*
-5
1
-2
*
6
*
*
1
*
4
1
*
*
-1
*
-6
6
11
*
6
*
*
*
*
1
4
*
*
-1
*
-6
6
11
*
9
*
*
*
*
1
2
*
*
*
*
9
7
27
_
*
-5
*
*
*
10
*
*
*
7
11
_
*
*
*
*
*
51
*
*
*
4
55
_
*
6
*
*
-1
64
*
*
*
1
71
_
*
8
*
*
*
59
_
*
*
14
81
_
*
4
*
*
1
8
*
*
*
9
21
_
*
*
*
*
*
■
*
-3
*
*
*
*
*
*
*
*
*
*
-3
*
*
-2
*
*
*
*
*
*
_
*
*
*
*
1
j
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
-1
}
135
-131
135
311
344
215
11
*
11
-121
-2
*
-2
5
*
5
316
-3
*
-
-2
*
*
-2
1
!
1
1
•
34
*
-11
*
*
*
*
1
1
*
*
1
1
2
-3
-10
*
-1
•
1
i
*
*
*
*
6
-2
*
*
2
5
22
-
53
1
-
85
•*
1
*
33
*
*
-
!
•
!
*
*
-
22
626
54
731
86
2,188
34
2,322
1
4
139
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
2
14
*
*
2
-23
1
2
7
*
*
1
*
52
*
15
*■
1
-
1
26
1
*
21
9
1
15
-8
1
1
*
*
53
*
-16
*
*
*
Aug. p
19
1
1
2.288
July
167
*
-4
1
*
June
245
10
-1
-3
May
134
-3
-1
*
-3
341
*
213
■
121
November 1973
___________________________________ CAPITAL
m h v r m r m t S:
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transactions in Long-Term Foreign Boqds by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar y
e
a
r
I
*
_
Country
Europe:
Austria.......................
Belgium-Luxembourg.............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Netherlands...................
Norway........................
Spain.........................
Sweden........................
Switzerland...................
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe...........
Total international and regional
Grand total.....................
1972
1973
through
Sept. p
2
7
6
a
10
-22
*
21
19
6
3
1
-1
43
*
8
*
-2
*
1
-3
9
1
*
-15
*
10
11
2
*
4
-1
36
*
-19
-5
*
1
29
7
-25
35
-4
-2
32
18
6
2
9
3
55
*
3
3
*
*
*
7
11
-18
108
32
172
-699
-395
2
-6
1
53
-2
*
-2
-24
■
*
■
*
5
-17
1
-1
10
-22
7
-1
5
2
■
*
-12
-5
1
3
12
-2
7
-4
-8
>
j
;
i
1
!
!
1
8
-47
1
4
1
-90
1
2
2
8
-2
16
*
j
!
i
1
1
*
1
*
*
2
-1
*
2
*
1
*
*
*
-3
5
*
8
*
-1
*
*
2
-1
2
*
1
*
*
*
-5
-4
*
*
-107
-447
|
-192
-11
-1
28
-62
-35
1
-19
*
-12
9
2
1
7
1
!
•*
-7
*
*
*
_
1
1
*
*
1
*
2
*
1
-7
*
*
•*
_
1
3
*
*
_
*
2
6
6
25
-13
*■
*
1
■
*
-5
*
1
*
*
*•
1
2
14
*
-1
_
_
-18
3
_
*
_
*
*
*
1
1
-14
21
_
*
*
*
-15
*•
-1
_
_
-24
16
_
*
*
2
-8
-16
8
_
_
_
*
*
-
3
3
_
_
*
*
_
'1
1
_
1
1
*
1
1
13
1
9
*
1
1
14
9
3
,191
.-722
1
1
!
*
1
10
*
10
*
1
-
|
16
*
13
1
-3
-215
31
-12
-50
*
15
-220
*
-6
4
,
2
1 -149
57
|
j
2
1
*
3
-87
*
2
2
-3
-161
15
-4
-1
1
14
-134
*
9
2
-6
-209
-6
-24
*
*
2
-232
*
J
*
-2
-2
_
3
_
-58
-55
■
*
*
•*
-61
-60
13
10
28
6
26
7
33
1
1
*
-3
4
*
_
1
1
i
i
-2
*
*
_
_
-15
*
_
*
*
*
-7
*
-2
*
*■
*
_
1
*
*
*
1
*
-1
*
Aug. p
:
■
'
'
;
i
-1
Sept. p
-1
*
*
1
1
*
1
-9
*
i
*
*
*
i
i
1
*
-4
_
*
"
|ii
.
1
;
4
*
*
*
*
*
*
l
-2
l
!
;
1
I
i
_
*
23
34
-695
-624
-967
-550
-177
1
-80
-
-277
*
16
-50
-124
3
28
*
48
5
22
*
-256
-311
-951
-935
75
-475
----—
|
j -175
-----------
I
1
'
1
•
1
l
1
*
-2
*
-25
*
*
*
1
*
-1
*
*
-3
4
-1
_
-25
*
*
-9
■
*
*
*
_
-2
*
*
*
*
1
1
-1
-10
*
-i
2
*
-10
6
-6
*
_
*
_
1
-4
*
*
-1
-3
*
*
l
l
2
-67
„ 21-.,.
5
*
1
•*
!
1
-10_ ,
:»
1
I
*
-6
j
*
1
*
*
i
!
26
6
32
17 Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
July
17
4
1
-14
-22
-1
'
*
6
1
2
-1
2
*
3
*
1
June
1
i
*
*
28
-2
*9
7
-68
-93
May
16
14
-97
-1,060_
Apr.
*
-2
1
*
1
1
*
2
1
1
1
*
*
-10
-21
*
-24
*
-793 .
1
_
*
*
*
2
2
to
i
Other Eastern Europe...........
Total Europe..................
Canada..........................
Latin America:
Argentina.....................
Bahamas 1/....................
Brazil........................
Chile.........................
Colombia........... 1.........
Cuba..........................
Mexico........................
Panama........................
Peru..........................
Uruguay.......................
Venezuela.....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America...........
Total Latin America........... '
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
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................
1971
1970
i
2
_
-
3
*
2
*
3
*
*
11
7
3
5
4
-11
22
-100
-61
-34
122
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1973
Country
Europe:
Austria.......................
Belgium-Luxembourg............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands...................
Norway........................
Portugal......................
Spain.........................
Sweden.............. .........
Switzerland.............. .....
Turkey........................
United Kingdom................
Yugoslavia....................
Other Western Europe.........
U.S.S.R.......................
Other Eastern Europe...........
To^fcal Europe..................
Canada...........................
Latin Africa:
Argentina.....................
Bahamas 1/....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Mexico........................
Panama........................
Peru..........................
Uruguay.....................
Venezuela.................. .
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland)..........
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia................... .
Israel...... ..................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
Africa:
Egypt.........................
Morocco................... .
South Africa..................
Zaire..................... .
Other Africa..................
Total Africa..................
Other countries:
Australia.....................
All other.....................
Total other countries..........
Total foreign countries..........
International and regional:
International.................
Asian regional............... .
Total international and regional
Grand total.....................
1970
1971
1972
*
-19
*
*
-30
-4
-1
-9
48
*
*
*
*
1
*
-43
*
*
*
6
*
-2
-24
8
*
2
70
*
*
-3
*
-75
*
*
*
2
23
*
*
-10
34
*
1
164
-2
1
-4
*
85
*
26
*
*
-
-58
114
6
120
,220142
*
14
*
•
1
1
Apr.
I!
*
1
*
_
-1
-2
*
*
5
*
*
*
*
-1
*
—9
_
*
_
-
' .... J
-1
2
7
,-7.—
6
*
1
*
—
1
-1
*
*
*
-2
*
*
-1
*
*
*
*
*
*
*
-1
1
*
1
*
*
*
1
*
*
*
*
*
*
1
1
,
116
2
-1
*
*
6
*
*
*
*
2
_
-9
*
-
-1
3
-3
2
*
1
-6
•*
*
-3
*
-13
*
1
-9
-4
*
*
-6
1
*
*
*
-2
-18
*
9
-1
-1
*
*
-1
6
*
*
-1
18
-1
*
-1
-1
-1
*
*
3
-2
-1
*
1
*
-9
-1
-21
-38
28
-10
-4
-1
*
*
1
*
*
1
5
•*
1
*
-3
5
*
-1
*
*
—6
-125
*
-2
*
*
*
3
*
*
-26
-52
*
-1
*
*
*
*
-2
6
*
-1
-76
*
1
-1
10
*
*
-1
10
•*
*
*
-2
16
*
*
*
-134
*
17
*
*
-3
111
*
1
*
-5
121
*
-2
*
-1
-3
*
*
-2
*
*
*
*
-1
*
-5
-6
_
-2
*
-1
-3
.
*
*
*
-1
*
*
*
*
l
-3
3T”
z-2
-2
-2
-3
*
I,
'l
-3
1
1
* .
1
July
*
2
*
_
-3
-4
*
*
10
*
*
*
*
-2
_
-1
*
_
-
1
*
3
1
June
*
1
*
*
-1
-1
*
-1
6
*
*
*
1
*
-3
*
_
2
-2
i1
1
-16
-9
*
1
68
*
*
*
*
6
*
-104
*
*
-41
May
*
*
-1
*
*
*
*
*
*
*
*
-1
-2
-3
*
..
I
1973
through
Sept.p
-
.
-1
*
*
*
*
*
l
*
*
1
*
*
*
*
*
*
2
*
*
*
-1
*
*
2
*
*
*
*
*
-14
*
*
*
1
*
_
-1
-1
*
*
10
*
_
*
*
*■
-12
•*
-3
-11
i
10
1|----- ----*
1
*
8
*
1
_
*
_
*
*
*
*
*
*
1
*
*
_
*
*
-1
*
*
*
-2
*
2
*
4
*
2
*
*
*
—8
*
*
1,i
*
1
____ =6—
i1
_
*
*
* , j
11
*
j1__________
1
*
1
*
*
!
*
-1
*
_
*
*
*
3
*
*
*
*
*
406
184
9
12
12
*
-8
10
-
-
-8
10
2
-
1
-
3
1
*
*
.
-
-
*
*
2
1
3
*
-
-
*
*
35
-49
409
185
9
12
12
*
*
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
1i
Sept. p
.... 1.. 1---- =2--1|----------
1
.P._
V
Aug p
...
-J
'
-
November 1973
123
__________________ CAPITAL MOVEMENTS_______________________
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During September 1973 P relim inary
_____________________________ (In millions of dollars)____________________________________
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Europe:
Denmark..................... .
Italy...........................
Netherlands.....................
Norway..........................
Turkey.............. ...........
Other Western Europe............
Canada............................
Latin America:
Chile...........................
Other Latin American Republics....
Netherlands Antilles and Surinam..
Other Latin America.............
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)......
Hong Kong.......................
India...........................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt...........................
Morocco.........................
South Africa....................
Zaire...........................
Other 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................
Total international and regional..
Grand total.......................
*
Less than $500,000.
Marketable
Total
Treasury
purchases bonds and
notes
Corporate and
other
Bonds
Stocks
*
2
*
*
1
1
_
1
2
*
*
*
*
3
*
3
_
_
4
*
*
*
11
*
_
1
_
7
_
3
Gross sales by foreigners
Domestic securities
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Total
sales
Bonds
Stocks
2
39
1
*
134
40
2
8
44
3
1
2
2
252
1
117
*
3
18
_
_
_
648
29
30
_
‘720
_
_
_
_
*
_
_
_
_
_
_
_
■
*
_
2
_
Bonds
Stocks
_
_
4
2
*
_
928
44
_
5
*
3
3
*
2
1
14
■
*
2
14
_
133
_
*
_
_
177
175
-
11
94
15
55
168
*
12
1
27
*
*
*
*
14
5
*
*
2
2
27
28
107
*
1
1
*•
1
*
*
3
*
*
*
*
1
*
5
1
23
*
*
*
*
3
5
*
*
2
1
24
26
85
*
1
*
•*
*
8
*
*
*
*
1
1
1
12
*
2
*
*
*
*
*
*
*
2
*
5
1
24
•*
*
*
16
4
*
*
2
1
16
21
86
*
*
*
*•
*
*
3
*
*
*
1
4
1
H
*
*
*
3
3
*
*
2
1
15
15.58
*
9
*
*
*10
*
■
*
*
2
22
*
1
*
*
1
*
*
*
*
3
*
21
*
*
5
115
2
1
*
15
158
*
_
*
13
*
*
10
96
*
*
*
5
125
1
*
*
*
*
11
*
*
1
75
*
*
•*
4
91
*
8
2
*
12
*
_
2
2
_
*
_
2
6
*
6
_
*
19
*
*
*
2
*
14
*
*
2
83
*
*
*
13
112
-
_
*
1
_
_
*
12
_
*
*
*
10
2
*
1
19
*
*
*
22
-
.
-
_
_
_
_
1
*
*
*
_
-
1
-
*
*
1
2
3
_
_
*
2
50
1
*
142
45
2
12
58
17
1
3
34
, 276
1
283
*
3
1
*
*
*
•*
30
*
_
13
_
_
*
2
_
_
-
_
1
*
*
1
-
1
*
*
1
1,372
48
205
114
*
_
*
-
84
-
114
84
21
21
1,486
132
226
941
6
■
*
*
6
947
_
_
*
_
25
2
38
1
25
78
39
*
16 '
28
2
1
4
5
228
*
251
*
2
_
_
2
27
1
*•
71
34
*
10
26
2
*
3
3
199
*
102
*
1
_
2
151
480
54
33
94
15
47
_
_
-
_
- -
*
_
_
1
*
*
*
*
26
26
25
25
*
2
2
*
*
1
*
-
1
63
115
1,128
3
*
*
-
-
_
_
_
_
4
-
132
*
132
67
115
1,260
*
6
_
_
_
_
1
2
*
4
1
*
_
*
2
16
_
119
_
_
_
1
_
_
_
_
-
-
25
1
1
1
*
*
1
*
_
5
_
14
*
*
7
_
15
1
*
_
_
_
_
1
1
-
*
_
_
_
_
*
_
-
*
*
*
*
105
-
1
*
-
*
*
1
-
27
168
726
101
64
64
60
60
8
*
~
8
91
228
734
_
5
2
_
1
1
*
*
“
*
*
101
“
“
“
“
“
105
124
Treasury Bulletin
_____________________________________________ CAPITAL MOVEMENTS—____________________________________________ _
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1972
(In millions of dollars)
Gross sales by foreigners
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Marketable
Total
Treasury
purchases bonds and
notes
Europe:
Belgium-Luxembourg..............
Denmark.........................
Germany..........................
Italy...........................
Netherlands.....................
Sweden.................... .....
Switzerland.....................
Turkey..........................
Yugoslavia......................
Other Western Europe............
Canada............................
Latin America:
Argentina.......................
Chile...........................
Colombia........................
Cuba............................
Mexico..........................
Panama...... ....................
Peru............................
Uruguay.........................
Venezuela.......................
Other Latin American Republics....
Bahamas and Bermuda............
Netherlands Antilles and Surinam..
Other Latin America............
Total Latin America.............
Asia:
China, People’
s Republic of
(China Mainland)..............
China, Republic of (Taiwan)......
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea...........................
Philippines.....................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt...........................
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................
Total international and regional..
Grand total.......................
*
Less than $500,000.
*
_
1
*
*
*
*
88
5
Corporate and
other
30
716
20
2
1,506
838
21
247
830
23
31
60
28
3,982
3
2,266
*
30
*
*
1
89
10
9
77
70
*
55
33
10
3
13
7
202
_
322
_
8
_
_
3
57
*
*
47
71
1
7
230
1
2
3
1
225
*
243
*
1
_
_
10,633
1,337
911
427
892
30
874
18
35
1,289
1,130
15
315
641
47
9
69
70
4,034
2
3,796
1
34
•*
*
12,408
836
3,745
10
3
4
2
9
6
*
1
2
1
69
19
1
112
21
2
3
6
_
69
83
1
4
40
46
683
444
11
1,414
10
*
*
*
_
10
15
*
*
2
20
36
31
*
27
6
3
8
*
213
114
2
6
57
41
869
544
19
1,910
-
-
332
_
*
426
3,475
465
410
-
3
353
3
1
74
4,616
*
19
3
145
5,218
*
1
5
1
143
150
_
*
_
*
-
*
_
_
_
*
_
*
*
*
_
*
3,248
*•
3,248
_
126
126
Total
sales
Stocks
8
144
5
1
390
205
•*
123
101
46
1
9
27
522
*
1,583
*
189
_
1
3,356
44
6
7
10
*
125
119
4
7
58
71
851
517
12
1,831
Stocks
Bonds
'42
1,006
36
12
2,021
1,185
23
432
1,195
80
36
84
151
4,936
4
4,747
*
228
*
1
16,218
-
Bonds
Domestic securities
3
*
*
2
36
15
3
2
14
4
63
23
*
180
124
*
*
_
_
1
*
*
*
*
*
*
9
19
328
*
_
*
359
88
*
_
*
*
*
*
*
_
_
_
*
_
_
*
2
115
1
*
55
129
1
75
27
16
*
4
25
387
*
1,227
*
1
2
*
*
*
22
2
3
7
2
3
*
1
1
1
*
*
12
4
*
*
2
*
43
27
*
90
64
86
2
6
47
33
678
479
18.
1,446
127
14
1
*
6
6
7
*
277
11
9
*
*
2
2
37
32
*
97
*
2
250
4
1
20
190
*
12
3
75
557
*
9
1
4
252
29
12
51
5
363
12
*
*
37
690
3
1
4
746
m
572
*•
585
*
*
585
*
5
*
1
7
*
Mr
5
18
*
1
6
1
83
90
_
1
1
*
*•
*
_
*
*
*
1
3
1
9
14
*
*
68
68
Mr
3
*
5
8
*
*
*
*
*
v 7
2
9
2
*
4
*
1
12
2
15
2
2,526
20,438
1,032
4
2,120
5
1
11
-
3
306
1
1
24
349
*
16
3
110
*
22
2
•*
38
61
*
1
*
20
814
143
*
M
*
2
2
*
1
3
1
9
12
*•
*
*
6
1
8
28
6
1
*
34
1,702
-
*
15
*
11
638
*
2
*
4
671
*
*
2
_
*•
2
25
4,291
4,224
14,217
859
3
37
5
*
60
8
_
_
486
_
3
_
142
1
_
1
*
167
3
30
*
-
-
691
*
12
*
*
-
-
905
68
* 489
143
199
6
704
11
341
14,361
1,901
2,532
21,142
1,043
4,713-
1
34
*
*
57
37
*
5
66
3
*
7
1
141
*
217
•*
1
694
26,960
4,358., _
*
60
3
34
43
74
3
24
15
5
*
3
4
146
*
319
1,415
*
*
*
27.865
Stocks
5
*
*
739
1,220
*
2,063
328
60
7
67
25
_
26
664
14
2
1,134
889
11
210
533
24
8
54
31
3,340
2
1,705
*
27
_
Mr
8,675
Bonds
*
2
276
4
5
310
1,501
vl2
67
3
90
2,270
*
9
*
*
1
320
1
*
11
342
7
8
Foreign securities
Marketable Corporate and
other
Treasury
bonds and
notes
Bonds Stocks
2,501 12,115
2,669 1
57
*
*
*
58
290
2
•*
292
3
3
2,842 12,173
2,961
2,123
341
*
-
-
125
November 1973
CAPITAL MOVEMENTS,
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-1. - Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Belgium-Luxembourg............
Finland.......................
1968
1969
1972
1970
1971
June
Sept.
1
14
1
*
26
20.
*
9
9
1
*•
5
1
89
*
56
*
1
*
1
14
1
*
31
22
1
16
22
3
1
7
3
239
*
67
*
1
_
*
430
2
19 '
*
*
18
14
*
8
12
1
*
3
1
153
*
61
*
1
*
•*
1
17
1
•*
26
17
1
16
14
1
*
6
1
100
*
40
* *
1
*
*
14
*
*
19
15
*
10
10
1
•*
4
1
73
•*
43
*
1
_
*
294
243
193
234
1
16
1
*
15
20
*
13
10
1
*
5
1
83
*
46
*
1
*
211
87
52
36 ,
56
22
2
1
1
1
*
6
6
1
2
7
2
34
20
*
1
*
*
•*
,*
3
3
1
1
5
1
34
14
*
1
*
■
*
*
*
3
3
•*
1
5
1
15
11
*
1
1
*
*
*
4
2
*
1
2
3
19
10
*
1973
Dec.
June p
Mar.
1
21
*
*
47
22
*
24
10
2
*
5
1
90
*
57
•*
1
_
*
1
12
*
*
25
15
*
37
6
1
*
5
1
75
*
46
*
*
*
1
9
*
*
22
24
*
20
6
1
2
6
*
84
*
56
*
1
*
281
226
231
21
34
17
18
1
*
*
*
*
4
3
*
1
2
1
11
9
*
1
*
*
*
*
4
2
*
*
2
1
9
8
•*
3
*
*
*
*
3
3
*
1
3
1
9
12
*
1
*
*
*
*•
2
3
*
*
2
1
7
22
2
42
t
82
64
40
43
32
28
36
1
*
*
*
*
3
2
*
1
2
1
11
21
3
47
Asia:
China, People's Republic of
(China Mainland)........ .'___
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Thailand......................
Other Asia....................
Total Asia....................
*
*
12
•*
*
1
2
*
11
*
7
34
*
*
10
*
*
*
*
*
3
*
7
21
*
19
*
*
*
1
*
2
*
5
27
_
*
9
*
*
1
1
*
1
*
4
17
*
11
*
*•
1
4
*
1
■
*
2
21
■
*
10
*
*
1
9
*
1
*
3
24
*
12
*
*
1
4
*
1
*
3
20
_
*
13
*
*
1
1
*
1
*
2
18
Africa:
Egypt.........................
Morocco.......................
South Africa..................
Zaire.............. ..........
Other Africa..................
Total Africa..................
*
*
1
*
1
2
■
*
*
*
*
1
1
*
*
*
*
1
2
*
*
*
•*
1
1
*
*
*
•*
1
2
*
•*
*
*•
*
1
*
*
•*
*
*
1
■
*
*
*
*
*
*
*
*
*■
*
1
1
gther jsoun^ries:
Australia.....................
All other.....................
Total other countries..........
1
*
1
*
1
*
1
*
1
*
*
*
1
1
1
1
1
1
*
*•
*
•*
*
*
*
*
*
Total foreign countries..........
636
434
349
311
312
286
372
310
315
International and regional .......
-
-
-
-
-
-
-
-
636
434
349
311
286
372
310
315
Chile.........................
Panama............... .........
Other Latin American Republics..
Bahamas 1/....................
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Note: Data represent the money credit balances (due to foreigners), as '
appearing on the books of reporting brokers and dealers in the United
States, in accounts of foreigners with them, and in their accounts
312
carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminaiy.
* Less than $500,000.
|
1
_
*
14
*
*
1
2
*
*
*
4
23
Treasury Bulletin
________________________ CAPITAL MOVEMENTS_________________________________________ ____
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-2. - Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)
1972
Calendar year
Country
Europe:
1968
1969
1970
1971
June
Sept.
*
8
*
*
14
25
1
*4
7
*
1
6
1
64
*
42
*
1
*
5
*
*
15
23
2
12
13
*
1
6
*
59
*
42
1973
Dec.
Mar.
10
*
11
*■
*
21
31
l
15
17
1
1
6
1
57
*
53
*
19
1
8
*
*
20
27
1
15
9
*
1
7
1
46
*
31
48
*
-
*
June p
*
6
*
*
18
23
1
9
12
*
*
5
1
42
*
37
*
1
-
*
9
*
*
16
20
1
12
8
1
*
3
1
38
*
44
*
1
*
*
239
146
155
155
186
189
235
214
*
6
*
*
16
15
1
12
10
*
1
7
*
37
*
30
*
1
138
141
61
49
54
29
32
39
24
15
3
*
1
*
*
-5
4
1
3
2
*
38
18
*
3
*
1
*
*
3
4
*
1
3
1
24
6
*
2
1
*
*
*■
3
4
*
*
4
1
21
5
*
1
*
*
•*
*
5
4
*
*
4
1
21
14
*
1
1
*
1
*
8
5
*
1
5
1
14
9
*
2
1
*
1
*
9
5
*
*
5
2
12
9
*
3
1
*
1
*
10
6
*
*
6
2
15
12
*
3
1
*
*
*
10
5
*
1
5
1
6
8
4
'
77
45
41
52
4#,
47
55.
45
1
2
1
*
1
*
8
5
*
*
5
1
4
6
3
35
*
18
*
*
*
1
*•
10
*
18
49
*
12
*
*
1
*
*•
2
2
7
*
23
*
*
2
1
*
1
■
*
6
35
*
40
*
•*
3
4
*
1
*
4
53
*
62
*
*
2
2
*
2
1
7
75
*•
52
*
*
3
2
*
1
1
6
65
*
59
*
*
3
5
*
*
1
5
73
_
*
66
*
*
2
2
*
*
1
5
Africa:
Egypt.........................
Morocco.......................
South Africa..................
Zaire.........................
Other Africa..................
Total Africa..................
*
*
1
*
*
*
*
1
■
*
*
*
*
*
*
*
1
*
*
1
*
1
2
*
*
1
1
*
*
1
*
1
2
-
2
*
*
*
*
1
1
Other countries:
Australia.....................
All other.....................
Total other countries..........
*
*
*
1
*
*
*
*
*
1
*•
1
*
1
1
1
1
1
Total foreign countries....».....
508
278
281
314
339
336
405
International and regional........
-
-
-
-
-
-
-
Grand total......................
508
278
281
314
339
336
405
Italy.........................
*
15
«*
*
22
20
1
13
12
1
*
5
1
106
*
41
-
Other Eastern Europe...........
Le^in. America:
Chile.........................
Panama..... .
Peru............. ............
Venezuela.....................
Other Latin American Republics..
Bahamas %/»................ .
Netherlands Antilles and Surinam
Other Latin America............
Total Latin America............
Asia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan)....
Hong Kong.....................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Philippines...................
Other Asia....................
Total Asia...... ..............
1
*
*
5
1
*
12
14
*
9
12
1
*
2
1
50
*
37
*
1
-
24
-
*
!
'
I
!
-
*
-
-
•
-
*
1
*
1
2
-
78
-
2
*
1
*
1
2
1
*
1
*
*
*
1
1
1
364
242
_
*
-
364
•
Note: Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in the
United States, in accounts of foreigners with them, and in
_
*
42
*
*
1
2
*
*
*
6
52
their accounts carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
242
November 1973
127
.FOREIGN CURRENCIES ACQUIRED BY THE U. S. GOVERNMENT WITHOUT PAYMENT OF DOLLARS
Foreign currencies reported herein in U.S. dollar equiv
alents were acquired without direct payment of dollars, for
the most part in connection with foreign assistance and agri
cultural trade development programs authorized by various
provisions of law. These currencies are generally referred
to as "nonpurchased”foreign currencies to distinguish them
from currencies purchased with dollars from banks or other
commercial sources. The currencies are held in the custody
of The Department of the Treasury until such time as they
are either sold for dollars to Government agencies or trans
ferred to Government agencies for expenditure without charge
to appropriations, as specifically authorized fcy law.
Prior to July 1, 1953, foreign currencies acquired by
Government agencies without direct payment of dollars gener
ally were available to the collecting agencies to defray
operating expenses and were not subject to the regular appro
priation processes.
The act of July 15, 1952, Sec. 1415 (66 Stat. 662), pro
vided that after June 30, 1953, U.S. agencies could no longer
expend foreign currencies belonging to the U.S. Government
except as provided annually in appropriation acts. Subsequent
legislation required executive departments and agencies, with
certain exceptions, to reimburse the Treasury in dollars for
the foreign currencies used. Executive Orders No. IO48& dated
September 23, 1953, and No. 10900 dated January 5, 1961, as
amended, provided for the issuance of regulations by the Sec
retary of the Treasury governing the purchase, custody, de
posit, transfer, and sale of foreign exchange by all Execu
tive Departments and agencies of the U.S. Government.
Accordingly, Treasury Circular No. 930 was dssued on
October 19, 1953, effective December 1, 1953. These regu
lations provided for the transfer of department and agency
foreign currency-balances as of November 30, 1953, into Treas
ury custody,' and the flow of future collections throughJTreasury accounts; and established requirements with respect to
withdrawals from Treasury accounts; limitations on purchases
and amounts of holdings; the use of foreign depositaries; and
accounting for the currencies. Treasury Circular No. 930
as revised October 20, 1961, added certain requirements gov
erning foreign currency reporting and accounting.
Figures are stated in dollar equivalents, computed for
reporting purposes, to provide a common denominator for the
currencies of the many foreign countries involved. It should
not be assumed that dollars, in amounts equal to the balances,
are actually available for the general use of the U.S. Gov
ernment, since most of the currencies are inconvertible and
restricted as to uses by the terms of agreements between the
United States and the foreign governments.
The tables exclude the counterpart funds owned by and
held in accounts of the foreign governments. The use of such
funds is subject to approval of the United States, and trans
actions therein are included in reports of the Agency for
International Development. The tables also exclude the U.S.
purchases of foreign currencies which are under dollar ac
countability and reported as dollar transactions.
Detailed data, by account, agency, program, foreign
country, units of currency, and related dollar equivalents,
were published annually in the Combined Statement of Receipts,
Expenditures and Balances, from fiscal 1958 through 1969.
Beginning with fiscal 1970, only summary data by country and
account are shown.
Treasury Bulletin
128
« _ F O R E I G N CURRENCIES ACQUIRED BY THE U. S. GOVERNMENT WITHOUT PAYMENT OF nOT.T.ARS
Table FC-1. - Summary of Foreign Currency Transactions
(Fiscal years; in millions of dollar equivalents)
Cash balances brought forward:
Excess currencies 1/................
Non-excess currencies...............
Total cash balances...............
Collections:
Public Law 480 sales 2/.............
Currency use payments...............
Foreign assistance programs:
Special letter of credit..........
Other.............................
Interest on depositary balances......
Other non-loan collections 2/........
Advances from foreign governments....
Loan repayments (principal & interest):
Public Law 480 loans..............
Foreign assistance loans...........
Total collections.................
Total availabilities..............
Expenditures:
Foreign currency expenditure
authorizations:
Public Law 48O loans and grants....
Public Law 4S0 loans to
private enterprises..............
Other non-trust...................
Trust.............................
With dollar credits to:
Miscellaneous receipts............
Commodity Credit Corporation.......
Special letter of credit./.........
Other.............................
Deposits for replacement of
borrowed (unfunded) currencies....
Total expenditures................
Adjustments due to changes in exchange
rates................................
Cash balances carried forward..... .
1964
1965
1966
1967
1968
1969
1970
1971
1972
2,278.9
633.3
2,912.2
2,326.6
480.5
2,807.1
2,419.1
413.2
2,017.3
161.2
2,178.5
2,099.0
201.6
2,300.6
1,993.5
141.8
2,135.3
2,069.2
119.7
2,188.9
1,991.9
84.9
2,832.3
2,042.3
228.5
2,270.8
2^076.8
, 1,791.9
j
69.6
1,861.5
1,119.3
-
1,189.0
-
947.9
-
794.7
-
790.7
-
326.2
6.6
352.2
17.0
225.9
8.0
168.6
25.6
11.1
193.4
12.8
27.7
53.2
41.7
8.2
28.4
63.3
42.8
4.2
26.3
58.3
60.3
108.0
10.3
24.8
52.1
104.5
77.3
10.6
23.8
43.4
94.4
68.4
38.9
9.1
.2
8.0
16.4
30.8
73.8
26.5
36.3
45.6
73.3
118.5
1,446.5
4,358.7
94.1
132.1
1,557.9
4,365.0
110.0
141.9
1,348.9
4,181.2
116.5
177.9
1,388.8
3,659.6
997.0
l',032.3
736.9
851.8
34.9
55.0
36.1
46.7
26.6
42.2
36.6
25.5
49.4
95.6
205.1
21.1
106.3
193.0
27.8
1,444.8
-106.8
2,807.1
|
1973
-
5.1
24.4
40.4
111.5
30.4
89.0
24.8
1.3
10.3
24.7
33.0
78.2
142.8
158.3
883.7
..h 2 2 2 £ - m
3,513.6
3,184.3
151.5
154.2
867.1
3,002.4
152.8
144.6
678.8
2,867.7
165.7
135.2
624.3
2,701.1
182.9
138.0
640.2
2,501.7
659.1
488.0
281.8
339.3
193.0
34.8
18.8
89.1
23.0
14.5
23.9
47.3
99.6
17.9
22.3
101.7
29.3
27.4
89.1
40.0
29.3
68.0
313.4
15.6
20 *1
35.7
136.3
133.4
15.2
170.2
155.6
108.0
15.6
158.0
215.6
77.3
2.7
104.7
187.6
3.2
121.9
230.4
38.9
6.2
127.5
214.8
1.3
5.8
118.1
203.3
.2
4.3
122.2
220.1
15.4
14.1
1,489.0
42.3
1,175.6
27.4
1,471.3
-16.2
1,224.2
17.1
1,039.8
-17.5
803.6
8.4
842.9
25.9
682.1
-54.6
687.9
-43.7
2,832.3
-734.8
2,270.8
-9.8
2,178.5
11.2
-9.2
2,300.6
2,135.3
-9.9
2,188.9
52.0
2,076.8
-157.5
1,861.5
1,879.5
1972
1973
119.1
175.8
90.2
68.4
1
6.4
65.7
Footnotes at end of Table FC-4.
Table FC-2. - .Foreign Currency Transactions, Country Uses
(Fiscal years; in millions of dollar equivalents)
Cash balances brought faward:
Excess currencies 1/................
Non-excess currencies...............
Total cash balances...............
Collections:
Public Law. 48Q. sales
Foreign assistance programs..........
Total collections.................
Transfer to U.S. use..................
Transfer from U.S. use................
Total availabilities..............
Expenditures:
Public Law 480 loans and grants......
Public Law 480 loans to private
enterprises............ ...........
Other foreign assistance programs....
Total expenditures................
Adjustments due to changes in exchange
rates................................
Cash balances carried forward..........
Footnotes at end of Table FC-4.
1964
1965
1,236.4
409.0
1,645.4
1,158.7
329.2
1,487.9
944*0
1,019.6
-.4
943.6
-5.8
62.0
2,645.2
.4
1,020.0
-22.6
22.8
2,508.1
997.0
1,032.3
34.9
43.2
1,075.1
46.7
14.7
1,093.7
-82.2
-30.2
1,384.2
1,487.9
1966
1967
1968
1969
1970
1971
624.2
155.5
779.7
140.0
557.3
414.4
697.3
- 499.2
403.7
70.9
474.6
6570.
620.6
259.6
278.1
171.2
1.7
7.9
665.0
791.3
-25.6
-53.6
16.7
80.4
2,202.3 1,663.7
626.7
-45.8
11.7
1,372.3
-102.3
164.3
1,019.9
736.9
851.8
659.1
488.0
281.8
36.6
12.3
785.8
34.8
8.7
895.3
23.0
6.7
688.8
23.9
8.6
520.5
17.9
9.1
308.8
-408.9
1,007.6
11.3
779.7
13.8
-.2
499.2
-1.1
697.3
819.5
1,076.9
188.1
307.3
1,384.2 1,007.6
789.6.
6.1
1.0 '
260.6
84.8
8.8
7.4
180.0
285.7
-12.8
-87.3
,
___ ... $L<Lm..
784.5
656.2
348.3
131.2
.2
6.5
137.9
-46.7
59..1
189.0
77.1
266.1
5.2
122.1
3.2
498.6
130.5
-18.5
94.3
472.4
339.3
193.0
313.4
29.3
9.6
378.2
40.0
7.6
240.6
15.6
4.0
333.0
8.1
266.1
140.3
70.3
..
273.8
74.5
.9
November 1973
129
_ _ F O R E I G N CURRENCIES ACQUIRED BY THE U. S. 'GOVERNMENT WITHOUT PAYMENT OF nOT.T.ARS
Table FC-3. - Foreign Currency Transactions, U. S. Uses
(Fiscal years; in millions of dollar equivalents)
Cash balances brought forward:
Excess currencies 1/................
Non-excess currencies...............
Total cash balances................
Collections:
Public Law 480 sales 2/.............
Currency use payments...............
Foreign assistance programs:
Special letter of credit...........
Other.............................
Interest on depositary balances......
Other non-loan collections 2/........
Loan repayments (principal & interest):
Public Law 480 loans..............
Foreign assistance loans..........
Total collections...............
Transfer to country use...............
Transfer from country use.............
Total availabilities............
Expenditures:
Foreign currency expenditure
authorizations....................
With dollar credits to:
Miscellaneous receipts............
Commodity Credit Corporation.......
Special letter of credit..........
Other.............................
Deposits for replacement of
borrowed (unfunded) currencies....
Total expenditures..............
Adjustments due to changes in exchange
rates................................
Cash balances carried forward..........
1969
1970
1971
1,337.6
89.9
1,427.5
1,217.4
13.1
1,230.5
1,387.1
-34.9
1,352.2
1,536.0
19.9
1,555.9
1,573.4
.5
1,573.9
1,660.2
5.3
1,665.5
169.4
158.3
137.6
170.1
66.5
6.6
73.9
17.0
7.8
28.4
60.9
2.5
26.3
55.2
108.0
2.4
24.8
52.1
77.3
4.5
23.8
41.4
68.4
119.1
175.8
612.0
-11.7
45.8
142.3
158.3
510.4
-164.3
102.3
1,998.3
1,040.4
212.5
1,252.9
1,166.1
135.3
1,301.4
,175.3
13.2
27.7
51.3
...
1,656.0
.......
1968
1965
73.3
118.5
459.3
-62.0
1966
1967
1964
110.0
94.1
132.1
141.9
494.2
492.7
-22.8
-80.4
22.6 _ .
1,793.9
1,894.9
116.5
177.9
619.3
-16.7
.... 25,6..
1,858.7
—
1972
1973
1,709.9
-18.6
1,691.3
1,597.9
-19- 7
1,578.2
54.7
8.0
37.4
25.4
5.9
71.3
38.9
1.7
24.8
30.4
1.3
1.5
24.7
33.0
.2
1.5
16.4
30.8
3.2
26.5
36.3
151.5
154.2
152.8
144.6
420.6
-88.9
87.3
2,084.5
182.9
138.0
464.1
-94.3
22.5
2,004.3
492.4
-12.4
12.8
2,066.7
165.7
135.2
412.6
-59.1
46.7
2,091.5
1,970.5
4.3
24.4
39.6
I
11.8
11.9
13.2
10.1
7.8
13.9
13.2
17.8
21.7
16.1
95.6
205.1
106.3
193.0
136.3
133.4
15.2
2.6
121.9
230.4
38.9
6.2
127.5
214.8
1.3
5.8
118.1
203.3
.2
4.3
122.2
220.1
27.8
158.0
215.6
77.3
2.7
130.1
187.6
21.1
170.2
155.6
108.0
15.6
,42.3
340.4
27.4
486.9
-16.2
445.2
17.1
419.7
-17.5
393.1
8.4
333.6
14.1
353.1
375.6
25.9
373.5
-5L. 6
319.2
-13.3
1,427.5
-324.0
1,230.5
-19.6
1,352.2
2.8
1,555.9
-10.7
1,573.9
-8.1
1,665.5
1,691.3
-139.8
1,578.2
1,717.3
-21.0
1,301.4
68.4
-17.6
15.4
66.0
Footnotes at end of Table FC-4.
Table FC-4. - Foreign Currency Transactions, Trust funds
(Fiscal years; in millions of dollar equivalents)
Cash balances brought forward:
Excess currencies 1/................
Non-excess currencies...............
Total cash balances............. .
Collections:
Advances from foreign governments....
Contributions from foreign
governments........................
Total collections.................
1966
1968
1969
5.4
27.3
32.7
6.0
40.6
46.6
5.8
41.6
60.3
104.5
3.1
63.4
*
104.5
63.0
84.0
36.1
42.2
36.1
-3.6
17.8
1964
1965
2.1
11.8
13.9
1.8
16.0
17.8
4.6
16.0
20.6
41.7
42.8
1.9
43.6
2.4
45.2
57.5
1967
1970
1971
47.4
5.7
56.5
62.2
94.4
111.5
89.0
2.0
*
96.4
3.2
114.7
137.2
143.0
49.4
89.1
42.2
49.4
-.2
20.6
-1.9
32.7
1972
48.8
8.2 ,
29.0
37.2
5.0
12.2
17.2
78.2
73.8
45.6
89.0
78.2
73.8
45.6
-4.0
162.1
151.2
127.0
111.0
58.8
90.2
99.5
101.7
89.1
68.0
35.7
89.1
90.2
99.5
101.7
89.1
68.0
35.7
-1.5
46.6
-5.4
47.4
-.4
62.2
-.7
48.8
-25.8
-1.2
17.2
21.9
5.3
43.5
Transfer to U.S. use..................
Total availabilities..............
Expenditures:
Foreign currency expenditure
authorizations........... .
With dollar credits to other fund
accounts...........................
Total expenditures.............
Adjustments due to changes in
exchange rates.......................
Cash balances carried forward..........
Source:
Bureau of Acco.mbs.
No be: Dollar equivalents were calculated at varying rates of exchange.
Receipts dre valaed at the previous end-of-bhe-quarler reporting
rabes with the exception of currencies received under Public law 480,
as amended. Sections 103(c), 402, 502(a), and Section 6, Title II of
the Mutual Secartby Act of 1954, as amended, which currencies are
valued at international agreement r^bes which are referred to as either
import or loan repayment rates. Currencies sold for dollars are valied
ab the rate in effecb on the date of sale. Balances are valued at
reporting rates. Transfers and expenditures are valued at the beginn-
1973
-.7
37.2 '
ing of the quarter reporting rates.
1/ Currencies of countries for tf’
iieh it has been determined that the
supply is great enough to more than meet U.S. requirements for the
next two years.
2/ Agricultural Trade Development and Assistant Act of 1954, as amended
(7 U.S.C. 1704-5).
j/ Consists of loan repayments under lend-lease and surplus property
agreements, recoveries of military assistance, proceeds from sale of
buildings abroad, and other items.
* Less than $50,000.
Treasury Bulletin
130
-FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND w m m n
Section III - Federal Credit Programs
Table GA-III-1. - Direct Sales and Repurchases of Loans
_________ (In millions of dollars)
Export- Import
Bank of the
United States
Total
Fiscal year
or month
Sales
196
196
196
196
196
196
197
197
197
197
4
5
6
7
8
9
0
1
2
3
.
.
.
1,150
936
696
954
1,070
1,337
2,115
2,548
3,045
3,957
Repur
chases
92
213
428
842
305
781
330
1972-Sept.
Oct..
Nov..
Dec..
455
129
308
720
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
185
95
712
149
610
131
19
31
35
26’
24
24
July.
310
22
Aug..
Sept.
1/
153
439
Sales
436
124
63
153
91
379
406
269
248
145
16
18
23
26
194
106
16
Repur
chases
Farmers Home
Administration
Sales
1/
20
119
157
391
729
974
959
1,668
2,005
2,430
3,324
11
426
261
4
187
93
307
616
185
21
111
533
146
550
55r
310
148
235
Repur
chases
_________ ________
Housing and Urban Development Department
Small Business
Government
National Mortgage Office of Secretary Administration
2/
Association l/
Sales
144
264
50
174
405
569
287
574
284
Repur
chases
Sales
Repur
chases
Sales
104
33
5
31
11
120
2
Repuav
chases
2
15
6
*
30
13
16
2
1
Veterans
Administration
Sales
342
327
105
71
2
*
38
244
368
12
12
19
25
13
36
2
2
2
19
2
17
29
32
24
73
68
4
60 .
76
20
21
20
The secondary market operations of Federal National Mortgage Associ
ation were converted to private ownership effective Sept. 30, 1968,
pursuant to P.L. 90-448 (82 Stat. 536). Amounts reported exclude the
following applicable to secondary market operations: net sales, 1963
$547 million; net purchases, 1964 $67 million, 1965 $232 million,
1966 $1,838 million, 1967 $1,107 million, 1968 $2,316 million, 1969
41
24
17
488
16
192
104
Repur
chases
204
2
2
2
2
4
2
2
2
3
through Sept. 30, 1968 $296 million.
2/ Includes college housing, elderly housing, and public facility loans.
2/ Sales by fiscal years 1964-1966 are on basis of actual figures shown
in the Budget document and include initial sales of loans from credit
insurance funds. The monthly figures are on basis of agency reports.
* Less than $500,000.
j* Revised.
November 1973
131
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section IV - Trust Funds
Table GA-IV-1. - Civil Service Retirement and Disability Fund
______________________________________ (In millions of dollars)________________________________
Receipts
Fiscal year
or month
1921-63.........................
1964............................
1965............................
1966............................
1967............................
1968............................
1969............................
1970............................
1971............................
1972............................
1973 ..........................
1974 (Est.).....................
Total
Agencies1
contributions
Employees *
contributions
Federal
contributions
24,085
2,456
2,664
2,823
3,094
3,434
3,753
4,683
4,698
980
1,050
1,097
1,191
11,019
4,263
62
65
67
73
71
72
231
773
5,816
6,735
7,604
8,586
1,318
1,414
1,721
980
1,050
1,097
1,191
1,318
1,414
1,721
1,890
1,890
2,038
2,120
2,038
2,120
2,255
2,255
1972-Oct........................
Nov........................
Dec........................
360
366
175
167
156
178
167
156
1Q73-Jan........................
Feb........................
Mar........................
Apr.........................
May........................
June .... ..............
388
191
176
195
173
191
176
195
174
180
175
July.....................
Aug.......................
Sept.................
Fiscal year 1974
to date...........
.....
974
411
398
358
394
181
2,282
390
452
360
175
192
189
176
1,202
556
•
192
Donations, ser
vice credit pay
ments, and other
misc. receipts
Interest and
profits on
investments
100
4,007
16
16
1,760
1,976
_
1
29
660
3
_
3
3
3
_
57
4
7
4
4
4
3
3
1,214
*
1,775
2
-
556
324
3
3
_
*
*
17
19
30
33
37-
546
625
709
834
990
1,233
1,464
1,566
15
18
1,161
189
176
420
482
14
2
29
715
3
71
7
9
80
Assets, end of period
Fiscal year
or month
1921-63....
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
1.973 .....
1974 (Est.).
Total expenditures
other than
investments
Net increase, or
decrease (-), in
assets
10,837
13,248
1,318
1,138
1,438
1,686
1,965
2,139
2,406
2,752
3,234
3,778
4,523
5,093
1,226
1,137
1,129
1,296
1,347
1,931
2,581
2,957
3,081
3,493
Total
Investments
13,248
14,386
15,612
16,749
17,878
19,173
20,521
22,452
25,033
27,990
31,071
34,550
13,155
14,279
15,492
16,603
17,722
19,001
20,321
22,047
24,727
27,668
30,866
34,550
28,567
28,559
29,157
28,519
28,504
29,089
48
55
68
29,128
29,152
29,172
29,143
29,148
3CL.866
31,034
31,005
30,919
38
41
42
33
25
205
30
58
33
30,919
33
1972-Oct.
Nov.
Dec.
379
374
376
-19
1?73-Jan..
Feb..
Mar..
A$r...
May..
June
July.
Aug..
Sept.
379
385
377
395
398
384
396
454
471
9
27
-37
-4
1,898
-111
29,166
29,193
29,214
29,176
29,173
31,071
31,065
31,062
30,951
1,322
-120
30,951
Fiscal year 1974
to date..............
'Source: See Table FF0-1.
* Less than $500,000.
-8
598
21
-6
-2
Unexpended balance
93
106
120
146
157
172
199
405
306
322
205
Treasury Bulletin
132
•FINANCIAL OPERATIONS OF GOVERNMENT Ar.RwrTBfi A>m m m n fl
Section IV - Trust Funds
Table GA-IV-2. - F ederal Old-Age and Survivors Insurance Trust Fund 3/
fin millions of dollars)
Fiscal year
or month
Receipts
Total 2/
Appropriations
y
117,080
16,043
16,417
18,461
23\371
23,641
27,348
31,746
33,982
37,916
43^639
104,432
14,335
14,572
16,474
20,732
20,627
23,693
27,196
28,849
1974 (Est.).......
51,494
44,210
1972-Oc t
Nov..........
Dec..........
2,610
3,311
2,944
2,601
1973-Ja n
Feb...........
Mar...........
Apr..........
May..........
June .......
July..........
Aug...........
Sept..........
3,004
4,691
3,471
4,400
5,463
3,788
3,438
5,569
3,092
3,412
3,422
3*243
3/476
Fiscal 1973 to date
12,100
10,641
1937-63...........
196 4
196 5
196 6
196 7
196 8
196
197
197
197
197
9
0
1
2
3
Deposits hy Net earnings
on investments
States ij
93,827
14,578
15,229
18,072
18,887
20,737
23,732
26,266
31,101
34,540
42,170
1,840
1,848
98,093
15,284 ./
15,965
18,770
19,729 2/
21,624 2/
24,690
27,320
32,268
35,848
43,623
4,929
1,913
48,756
47,095
954
-8
17
40
799
4
44
9
31
39
792
4
3,604
3,671
3,637
3,721
3,791
3,561
3,609
3,581
3,646
3,724
3,799
3,789
3,796
3,815
3,808
7,641
539
583
588
725
4,948
1,167
1,258
1,392
1,835
2,036
900
2,260
2,758
3,066
1,013
1,349
1,618
1,718
1,060
2 ,211
1,884
2,987
3,735
3,605
4,375
-212
13
912
-143*
-6
1,742
-416
3,682
Expenditures other than investments
Payments to Rail
road Retirement
Benefit
Total 5/
payments
Accounts 6/
12
1,781
-400
1,393
66
3,866
3,857
4,652
3,830
3,805
3,828
4,024
Administrative
Reimbursement
to general
Bureau of
0ASI 10/
fund 2/
Construc
tion 8/
1937-63.......................
1964..........................
1965..........................
1966..........................
1967..........................
1968..........................
1969..........................
1970..........................
1971..........................
1972..........................
1973..........................
33
3
•*
2
1
3
7
1
2
7
7
680
52
52
50
57
60
59
73
72
78
81
1,924
312
323
443
290
354
403
412
478
504
567
1974 (Est.)...................
4
'1
*
-1
1
1
1
1
*
82
1972-Oct......................
Nov......................
Dec......................
1973-Jan......................
Feb.... ..................
Mar......................
Apr......................
May......................
6
6
6
8
7
6
8
6
g
618
36
55
39
66
60
59
59
67
O£
July..... ................
Aug......................
Sept.....................
1
*
*
7
7
7
-11
-16
I64
I
Fiscal 1973 to date............
2
20
137
,
.
expenses
Reimbursement to or
from (-), FDI, FHI,
and FSMI Trust Funds
-212
-64
-75
-241
-14
32
-4
-13
*
-7
11
-
11
-
-
-
Source:
See Table FF0-1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Total includes:
$15 million transferred from general fund for
administrative and other costs of benefits payable to survivors of
certain World War II Veterans (60 Stat. 979 and 64 Stat. 512); $35
million (1937-59), paid from the Railroad Retirement Account; begin
ning November 1951, small amounts in the nature of recoveries from
expenditures incidental to the operations; beginning 1958, interest
payments from Federal Disability Insurance Trust Fund and sale of
waste paper; $78 million for each FY 1967 and 1968, $156 million FI
1969, $78 million for each FY 1970 and FY 1971, $137 million FY 1972
end $138 million FY 1973 for military service credits; and $266
million for FY 1969, $364 million for FY 1970, $371 million FY
1971, $351 million for FY 1972 and $337 million for FY 1973 for
benefits for the aged. Estimates include$139 million for militaiy
service credits, and $303 million for special benefits for the aged*
for FY 1974.
2/ Includes unappropriated receipts from January 1962 to June 1965.
y To cover employees^ of States and their political subdivisions, under
or decrease
(-), in
assets
K
y
y
10/
Assets, end of period
1 -----------------------------Unexpected
Investments
balance
Total
|I
y
18,987
759
451
-309
3,643
2,017
2,657
4,426
1,714
2,068
16
18,987
19,746
20,198
19,889
23,531
25,548
28,205
32,631
34,345
36,413
36,429
17,633
18,325
18,783
17,925
21,780
23,250
26,235
30,121
31,375
33,203
35,501
1,354
1,421
1,415
2,738
-995
-360
-693
-717
900
-396
542
811
-42
-367
1,740
-931
39,384
36,384
36,024
35,331
34,614
35,514
35,118
35,660
36,471
36,429
36,062
37,803
36,871
39,034
36,074
35,517
34,829
34,537
34,726
35,106
35,393
35,174
35,501
35,494
37,145
36,094
350
310
507
502
77
788
12
267
1,297
928
568
657
777
36,871
36,094
777
443
y
m
11,498
11,657
Expenditures other than investments - (Cont.)
Fiscal year
or month
403
436
444
508
438
491
579
613
724
783
|
I
I
I
I
1,964
1,751
2,298
1,971
2,509
2,970
3,211
928
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
Includes payments for vocational rehabilitation services to Federal
Disability Insurance Trust Fund and Social Rehabilitation Service.
See Table GA-IV-6, footnote 3.
Excludes transactions for investments in non-Federal securities.
Construction and equipment of office buildings for the Bureau
(Public Law 170. approved July 31, 1953 (67 Stat. 254)). . . . ..
Under the social security Act, as amendect (42 U.S.C. 4ul (g) (1)), for
administration of Titles II and VII of that act and related parts of
the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See also
footnote 10.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance
are paid directly from the trust fund beginning 1947, under provisions
of annual appropriation acts until passage of the Social Security Act
Amendments of 1956 (42 U.S.C. 401 (g)(1)), previously these expenses
were included in reimbursements to the*general fund. Beginning
July 1966 payments of salaries and expenses for the Social Security
Administration are charged directly to each trust fund.
* Less than $500,000.
133
November 1973
FTNANfiTAT, OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section IV - Trust Funds
Table GA-IV-3. - Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
1957-63...
196 4
196 5
196 6
1967.....
196#.....
196 9
197 0
197 1
197 2
1973
1974 (Est)
1972-Oct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June
July.
Aug..
Sept.
Total
1/
6,592 2/
1,211
1,241
1,616
2,332
2,800
3,705
4,380
4,910
5,291
5,946
6,784
349
313
584
383
508
557
617
499
794
437
504
619
Expenditures other than investments
Depos
Appro
its by
priations States
2/
2/
5,854
1,057
1,082
1,442
2,066
2,496
3,195
3,770
4,124
4,363
4,911
412
86
93
114
183
203
337
371
446
490
550
5,654
630
339
300
225
382
488
471
609
10
480
434
437
479
463
9
106
1
13
85
7
14
157
*
18
155
Interest
and pro
fits on
invest
ments
300
68
65
60
66
84
141
223
325
388
435
448
4
202
7
2
2
5
204
*
7
2
Assetsi, end of period
Administrat ive:
Reimbursement to
Total
4/
4,198
1,339
1,498
1,937
1,997 8/
2,237 8/
2,613
2,954
3,606
4,309
'5,467
6,472
Benefit
pay
ments
3,922
1,249
1,392
1,721
1,861
2,088
2,443
2,778
3,381
4,046
5,162
6,104
453
452
465
465
478
491
490
515
509
431
433
433
442
454
468
470
469
474
503
496
520
476
475
501
1,452
1,561
1,519
Fiscal 1974
1,379
173
to date
Source: See Table FF0-1.
1/ Includes payments for military service credits as follows: $16 mil
lion for each FY 1967, FY 1968, $32 million FY 1969, $16 million for
each FY 1970, 1971, $50 million FY 1972 and $51 million FY 1973.
The estimate is $52 million FY 1974^
Includes unappropriated receipts from January 1962 to June 1965.
y To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
Includes payments for Vocational Rehabilitation Services beginning
FY 1966 and construction and equipment of buildings beginning FY1967.
Estimates include $1 million for construction of buildings and $61'
Payments
to
Railroad
SSA
General
Retirement Trust
Accounts j/ Funds
£/ fund
36
19
24
25
31
20
21
10
13
24
20
66
4
4
5
5
78
184
93
105
124
6
8
9
138
179
197
233
43
10
12
12
264
Invest
ments
2,394
116
125
131
224
189
7,392
7,871
8,124
2,277
2,141
1,878
1,465
1,835
2,351
3,492
4,835
6,078
7,012
7,803
8,0.84
7,445
7,294
7,398
7,371
7,318
7,470
7,596
7,516
7,803
7,775
7,779
, 7,829
33
46
99
7,479
7,340
7,459
7,377
7,407
7,474
7,601
7,585
7,871
7,805
' 7,813
7,912
41
7,912
7,829
83
2,394
-128
-257
-321
335
564
1,092
1,426
1,305
982
£79
312
-138
18
20
-82
18
28
17
24
15
56
Un
expended
balance
Z/
Total
17
14
29
18
16
20
22
219
Net
in
crease,
or de
crease
(-), in
assets
-104
119
30
66
127
-16
286
-66
8
2,266
2,009
1,688
2,024
2,587
3,679
5,105
6,410
236
187
270
332
380
68
40
61
6
89
4
5
69
68
30
33
83
million for vocational rehabilitational services for FY 1974.
See Table GA-IV-6, footnote 3.
For appropriate share of administrative expenses, including interest,
paid from the trust fund during the preceding fiscal year as deter
mined by the Secretary of Health, Education, and Welfare (42 U.S.C.
401 (g) (1)). Beginning July 1966 monthly reimbursements are paid to
the Social Security Administration to cover salaries and expenses
instead of the semi-annual reimbursement to F0ASI.
2/ Includes $27 million paid from Railroad Retirement Accounts in FY1960.
5/ Excludes transactions for investments in non-Federal securities.
Less than $500,000.
Treasury Bulletin
134
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section IV - Trust Funds
Table GA-IV-4. - Federal Hpspital Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
196 6
196 7
196 8
196 9
197 0
197 1
197 2
1973
1974 (Est.).
1972-Oct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..,
Sept.,
Total 1/
916
3,089
3,902
5,344
5,614
6,018
6,031
8,352
12,411
. 345
348
1,064
669
822
882
706
861
1,144
797
907
1,211
Appro
priations
862
2,483
3,235
3,997
4,340
4,412
4,692
6,938
10,203
333
327
448
665
804
785
692
828
775
795
872
829 *
Federal
payment
2/
Expenditures other than investments
Deposits
by
States
47
206
279
Interest
and pro
fits on
invest
ments
7
46
60
96
137
338
284
771
628
874
551
429
585
445
486
534
725
1,146
429
11
10
116
71
1
14
92
7
26
285
3
5
5
7
7
84
426
180
188
Total
64
2,597 1/
3,815 i/
4,758
4,953
5,592
6,276
2,508
3,736
4,654
4,804
5,443
6,109
6,649
8,578
196
372
6,842
2
10
613
550
527
595
548
656
587
629
639
573
613
636
618
-*•
33
181
Fiscal 1974
2,496
314
2,914
to date....
source: see Table i?ru-i.
1/ Includes nominal amounts of other receipts. Includes receipts and
interest from Railroad Retirement Account - net settlement of $16
million FY 1967, $44 million FT 1968, $54 million FT 1969, $64 mil
lion FT 1970, $66 million FT 1971, $66 million FI 1972, $63 million
FT 1973, and $99 million September 1973. The estimate is $105
million for FT 1974.
2/ Represents payments for military service credits of $11 million for
each FI 1967 and 1968, $22 million FI 1969, $11 million for each
FI 1970, 1971, $48 million PY 1972 and $48 million FY 1973; and
payment for transitional coverage for the uninsured of $327 million
Assets, end of period
Net
in
crease,
Adminis
Benefit trative
Construc or de
payments expenses tion
crease
(-), in
assets
8,872 y
597
538
509
579
526
64
89
79
104
148 -
149
165
Total
Invest
ments
Un
expended
balance
851
1,343
1,431
2,017
2,677
3,103
2,859
4,369
8,162
786
1,298
1,370
2,001
2,653
3,030
2,884
65
45
60
15
24
73
-25
4,222
146
8,082
80
2,599
2,397
2,935
3,009
3,283
3,510
3,628
3,860
4,369
2,663
2,271
2,849
3,042
3,039
3,525
3,599
3,730
-64
126
4,222
-33
244
-15
30
131
146
507
676
4,593
4,900
5,577
4,487
4,807
5,291
106
93
285
1,208
5,577
5,291
285
851
492
87
586
661
426
290
-244
1,510
3,539
15
-267
12
18
-202
16
22
74
274
192
537
17
14
16
17
119
573
599
534
553
585
520
20
224
1,706
1,658
48
c______ L
14
14
226
232
508
86
FY 1967, $273 million FY 1968, $749 million FY 1969, $617 million
FY 1969, $617 million FY 1970, $863 million FY 1971, $503 million
FY 1972 and $381 million FY 1973. Estimates include $537 million
for transitional coverage and $48 million for military service
credits for FY 1974.
Excludes
transactions for investments in non-Federal securities.
2/
Includes $4 million for incentive reimbursement experimentation
y
for FY 1974.
Less than $500,000.
November 1973
135
------------------------------ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS............. .......... .........Section IV - T ru st Funds
T able GA-IV-5. - Federal Supplem entary M edical Insurance T rust Fund
(In millions of dollars)
Expenditures other than investments
Receipts
Federal
contri
butions
Total 1/ Premiums
Fiscal year
or month
15
20
23
12
17
29
43
799
1,532
1,840
2,196
2,283
2,544
2,637
3,785
623
634
984
928
1,245
1,365
1,43Q
2,031
54
3,224 2/
254
234
246
270
220
236
251
238
242
126
115
116
144
99
118
124
119
111
126
117
114
125
120
116
126
118
114
1
1
14
1
2
2
2
1
17
315
307
295
137
128
128
168
167
158
917
393
493
1,285
1,353
1,911
1,876
2,516
2,734
2,902
1972-OcV.............
Nov. .*............
Dec...............
1973-Jan..............
Feb..............
Mar..............
Fiscal 1974
Benefit
payments
Total
647
698
903
936
1,253
1,340
1,427
1,700
1967................. .
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
JL974 (Est.)............
May..............
Interest
and pro
fits on
invest
ments
Net
increase,
de
Adminis Construc or
crease
trative tion
(-), in
expenses
assets
664
1,390
1,645
1,979
2,035
2,255
2,391
2,832
134
143
195
216
247
287
245
390
245
225
200
230
197
235
227
236
229
220
204
199
203
191
213
207
214
208
25
21
1
27
6
23
20
22
22
1
1
1
220
255
208
191
234
190
20
19
3
683
615
68
Source:
See Table FF0-1.
1/ Includes $2 million for interest on reimbursement pf administrative and
vocational rehabilitation expense and $29 million through first quarter
_
-
1
*
1
1
*
*
*
*
*
-
*
*
!
_
_*
Assets, end of period
Total
Invest
ments
486
-179
71
-321
233
191
265
561
486
307
378
*57
290
481
746
1,209
479
281
358
13
257
478
700
1,179
7
25
20
44
33
3
46
30
8
8
45
40
23
*
24
2
13
590
598
643
683
706
706
731
733
746
573
570
619
633
659
677
708
708
700
16
28
24
49
47
29
23
25
46
%
841
893
980
739
900
907
52
-7
73
87
234 ,
98°
...
w
expended
' balance
73
j
of FY 1974 for premiums collected for the disable.
2/ Includes $1 million for incentive reimbursement experimentation,
*
Less than $500,000.
Table GA-IV-6. - Railroad R etirem ent Accounts
(In millions of dollars)
Receipts
Fiscal year
or month
1936-63........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........|
1974 (Est.)....
1972-Oct.......
Dec.......
1973-Jan.......
Feb.......
Mar.......
May.......
July.......
Total
1/
15,458
1,192
1,342
1,411
1,611
1,560
1,686
1,823
1,962
2,097
2,356
3,253
7
190
215
10
199
177
4
1,035
246
15
254
31
Expenditures other than investments
Interest
Appro
and pro
priations fits on
invest
2/
ments
From F0ASI
and FDI
trust
funds 2/
Fr^m
Unemploy
ment
Trust
Fund 4/
11,867
1,551
130
593
636
143
150
683
793
163
178
814
885
192
212
919
980
247
1,008
258
1,189 | 262
1,876
165
47
90
92
100
92
78
84
87
62
81
11,653
1,139
1,185
1,246
1,315
1,436
1,595
1,653
1,968
2,199
2,479
68
2,679
187
237
209
216
215
220
221
224
220
217
222
218
1,906
7
182
91
9
180
136
3
224
123
13
235
23
260
*
9
106
1
19
1
1
8
99
1
19
-1
422
459
469
539
458
513
589
626
749
802
997
-1
-
_
-
19
-
-
-
19
-
-
802
-
-
24
_
-
-
9
Fiscal 1974
300
271
9
19
to date......
Includes payment for military service credits beginning fiscal 1965.
2/ Includes the Government’s contribution for creditable military
service (45 U.S.C. 228c-l (n)) through fiscal 1964 and unappropriat
ed transfers of tax receipts and beginning FY 1968 includes trans
fers of receipts to Federal Hospital Insurance trust fund of $44
million FY 1968, $54 million FY 1969, $61 million FY 1970, $63
million FY 1971, $64 million FY 1972 and $61 million FY 1973.
2/ Payments are made between the Railroad Retirement Account and Fed
eral old-age and survivors and Federal disability so as to place
those funds in the position in which they would have been if rail
road employment after 1936 had been included in social security
coverage (45 U.S.C. 228e (K)). See Tables GA-IV-2 and GA-IV-3.
Net
increase,
To
Benefit Unemploy Adminis or de
trative
crease
payments ment
expenses (-), in
Trust
assets
6/
Fund y
Total
J>/
11,032
1,092
1,116
1,194
1,257
1,388
1,533
1,586
1,889
2,107
2,419
657
Assets, end of period
Total
Un
Invest expended
ments
balance
2/
45535
58
41
29
35
47
45
51
60
35
104
11
10
12
13
14
15
16
19
20
20
3,805
54
157
165
296
125
92
170
-6
-102
-129
3,805
3,859
4,016
4,181
4,477
4,601
4,692
4,863
4,857
4,755
4,626
3,697
3,766
3,916
4,070
4,357
4,427
4,498
4,724
4,695
4,585
4,609
2,598
180 '
230
207
209
208
219
215
213
218
215
217
217 |
48
6
4
6
5
574
-180
-47
7
-206
-16
-43
*•217
812
26
3
-
21
1
2
2
2
2
2
2
2
2
2
1
1
202
32
-187
5,167
4,315
4,268
4,275
4,069
4,053
4,010
3,794'
4,605
4,631
4,429
4,461
4,274
5,159
4,313
j 4,255
4,248
4,068
4,033
' 3,978
3,793
4,593
4,609
4,609
4,434
4,222
649
3
5
-357
4,274
4,222
-
4
3
-
”
108
93
100
112
120
174
194
138
162
170
22
;
i
!
1
;
1
1
8
1
13
26
1
20
32
*
12
17
10
27
52
52
See Table GA-IV-7. Receipts include repayment and interest.
Includes $62 million (1963-60), paid to Federal old-age and survivors
and disability insurance trust funds and $16 million FY 1967 to Fed
eral Hospital Insurance Trust Fund; beginning FY 1968 excludes trans
actions for investments in non-Federal securities; and includes pay
ments to Railroad Unemployment Trust Fund of $5 million FY 1970, $10
million FY 1971, $12 million FY 1972 and $6 million FY 1973. Esti
mate is $12 million FY 1974.
Paid from the trust fund beginning 1950 (63 Stat. 297).
Ki/ Includes “
unappropriated receipts.
Less than $500,000.
p Preliminary.
2/
Treasury Bulletin
236
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
S ection IV - Trust Funds
Table GA-IV-7. - U nemployment T rust Fund
(In millions of dollars)
Receipts
Railroad unemployment insurance
Employment security program
Fiscal year
or month
State
accounts
1/
Total
Employment Security
Administrat ion
Account 2/
Deposits
*>y
States
Appro
priations
12/
12/
12/
12/
36,587
3,042
3,052
3,067
2,917
2,605
2,561
2,564
2,582
3,226
4,634
1,742
847
615
561
597
601
633
770
964
1,011
1,297
1974 (Est.).
6,816 12/
4,600
1972-Oc t
Nov....
Dec
1973-Ja n
Feb___
Mar....
Apr....
May....
June .
232
662
261
181
692
100
468
2,185 12/
260
377
1,397
107
155
518
62
86
440
30
303
1,778
87
263
1,100
75
1,438
1936-63....
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
1973
July...
Aug....
Sepi...
45,968
4,288
4,132
4,126
4,072
3,822
3,899
4,119
4,371
5,498
6,725
Fiscal 1 74
to dat.
10/
1,881
Federal
Un
employ
ment
Account
Board
u
Advances
from
general
fund
y
Federal
Extended
Compen
sation
Account
Deposits
by
Railroad
Retire
ment
accounts
I/
5/
Advances from
Railroad
Retire
ment
Accounts
a/
455
35
58
41
29
35
47
45
51
60
35
573
146
1,961
144
143
139
137
131
126
123
119
112
113
1,553
-
107
48
54
110
9
87
237
11
140
370
-13
119
250
6
1
*
1
8
20
1
6
21
1
7
20
6
4
6
5
-*
*
7
20
375
-7
28
339
4
-4
Adminis
tration
fund 2/
Railroad Unemployment
Insurance Account 6/
833 11/
*
_
-
[
-
-3
3
*
-*
-6
General
fund
Deposits
by
Railroad
Retire-^
ment
board
19
41
12
10
9
9
9
8
8
8
7
7
Interest
and
profits
on
invest
ments
3,877
213
255
309
384
442
523
604
637
496
487
7
1
*
1
1
489
4
15
21
168
1
3
40
17
_
4
3
'
21
*
3
166
1
37
4
3
42
Expenditures other than investments
Employment security program
Fiscal year
or month
Total
State
accounts
1/
Withdrawals
by
States
Employment Security Administration Account Z/
Payments to general fund
Grants
to
States
Reimburse
ments and
recoveries
Interest
on ad
vances and
refunds
Salaries
and
expense
Federal Extended Compensation Account 5/
Temporaryextended
compen
sation
payments
Repay
ment of
advances
from
general
fund
466
325
*
34,278
2,695
2,390
1,974
2,001
2,074
2,061
2,793
5,229
5,978
4,405
4,534
1,179
413
399
477
540
552
588
624
756
776
814
817
16
55
112
30
14
9
10
11
12
13
25
12
10
3
2
2
4
4
4
5
2
1
*
*
29
13
13
17
18
18
21
18
26
25
27
27
770
-2
*
*
348
386
483
291
291
367
47
84
91
*
*
*
*
*
*
2
3
*
1973-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
562
534
5a
459
372
392
480
448
432
388
343
275
65
69
75
57
21
85
6
6
6
6
*
*
*
*
*
*
*
*
2
4
2
3
2
2
_
_
July........
365
383
346
288
315
-
242
72
58
88
*
*
-
*
5
2
_
-
1,095
845
219
7
-
1936-63...........
1964..............
1965..............
1966..............
1967.............
1968.............
1969.............
1970.............
1971............
1972.............
1973...,...........
1974 (Est)........
39,699 10/
.3,698
3,130
2,687
2,755 12/
2,830
2,865
3,634
6,216
6,984
5,433
5,566
1972-Oct.........
Nov..... .
Dec.........
Fiscal 1974
to date...........
Footnotes at end of table.
-
-
*
.
(Continued on following page)
1, . :
-
*
*
-
-
-
Reim
bursement
to State
accounts
1/
46
*
-
-
-
-
-
-
-
-
-
-
"
_
_
-
_
_
-
_
_
_
-
_
"
-
-
November 1973
137
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
S ection IV - Trust Funds
T able GA-IV-7. - Unemployment T ru st Fund - (Continued)
-...
—
(In millions of dollars)
Expenditures other than investments - (Continued)
Railroad unemployment insurance
Fiscal year
or month
Repayment of advances to -
1936-63....
1964......
1365.........
1966......
196 7
196 8
196 9
197 0
197 1
197 2
1973,«....
1974 (Est.)
2,554
134
115
1972- Oct...,
Nov...
Dec...,
7
7
5
1973-Jan...
Feb...
Mar...
Apr...
May...
June..
9
6
7
5
July..,
Aug...,
Sept...
Fiscal 1974
to date...
88
71
76
97
93
95
120
73
Temporary
extended
benefit
payments
19
Railroad
Retirement
Accounts
U/
2/
Administra
tive
expenses
General
fund
165
47
90
92
12
7
46
9
6,26$
590
8
1,002
92
78
84
87
6
1,318
7
6
6
7
8
62
81
7
68
4
4
4
Net
increase
or
decrease
(-), in
assets
7
100
19
19
25
12
2/
10/
11 /
12/
12/
u/
n/
16/
1,439
992
1,034
485
-1,844
-
1,486
1,293
1,250
1
1
1
-1 1 6
1
1
1
*
1
*
-381
1
1
5
4
Source: See Table FF0-1.
1/ State unemployment funds used for benefit payments. For the period
August 1961 to February 1964, withdrawals by States were reduced by
reimbursements to State accounts from -Hie Federal Extended Compensation
Account.
2J Established by the Employment Security Act of I960, approved September
13, I960 (42 U.S.C. 1101 (a)), into Tiihieh are deposited tax receipts
transferred in accordance with the act and from which are paid the
administrative expenses of the employment security program and reim
bursement for tfii. refunds. Receipts consist of appropriated and un
appropriated transfers of tax collections.
2/ Net of repayments.
U Amounts represent excess of collections from Federal Unemployment tax
over expenditures for benefits and administrative expenses which excess
was appropriated from the general fund to this account. (Includes
amounts appropriated to the State Unemployment Accounts). Beginning
1961, such excess is transferred between book accounts within the
Unemployment Trust Fund.
5/ Extended unemployment compensation benefits under the employment
seciority amendments of 1970 (P.L. 91-373) and the amendments to the
Social Security Act (P.L. 92-224). ,
For payment of benefits and refunds (45 U.S.C. 360). Figures exclude
interim advance of $15 million from the Treasury and subsequent repay
ment, both in 1940.
1 / Contributions under the Railroad Unemployment Insurance Act of 1938,
as amended (45 U.S.C. 360 (a)), in excess of the amount specified for
Administrative expenses. Through 1957, also includes transfers from
the administration fund of excess amounts over the specified balance
(45 U.S.C. 361 (d)).
/ Temporary advances are made when the balance in the Railroad Unemploy-
2
Adminis
tration
fund
Railroad Unemployment Insurance Account 6/
Benefit
Payments
Assets, end of period
276
-222
158
-441
9
1,813
-132
Total
6,277 1*5/
6,867
7,870
9,308
10,626
11,618
Invest
ments
6,245
6,827
7,794
9,262
10,531
11,563
12,587
Unexpended
balance
32 16/
40
76
47
95
55
65
129
52
12,652
13,137
11,293
9,807
11,099
10,917
11,241
9,813
10,957
10,792
10,018
10,294
10,072
10,018
9,691
9,850
9,409
9,418
11,231
11,099
9,543
9,752
9,346
9,065
10,404
10,957
98
63
353
827
143
420
13,008
9,847
10,179
-6
143
124
171
115
54
148
1,014
-239
12,126
11,111
10,691
11,863
11,886
11,611
275
787
11,886
11,611
275
12
262
ment Insurance Account is insufficient to meet payments of benefits
and refunds due or to become due. Whenever the balance is sufficient
to pay such benefits and refunds, repayments are made, plus interest
at % per annum, pursuant to-an act approved May 19, 1959 (45 U.S.C.
360 (d)).
Consists of specified proportion of contributions deposited in the
fund to be available for administrative expenses. The Railroad Un
employment Insurance Administration Fund was established in the Un
employment Trust Fund pursuant to the amending act of Septemeber 6,
1958; before that the administration fund was a separate trust fund
(45 U.S.C. 361).
Total includes $107 million transferred from State accounts to the
Railroad Unemployment Insurance Account in connection with its estab
lishment (45 U.S.C. 363). Beginning fiscal 1961 refunds of taxes
(principal only) are reported as deductions from receipts. Interest
paid on refunds of taxes is included -under expenditures.
Established by the act approved March 24, 1961 (42 U.S.C. 1105 (a)),
which provides for a temporary program of extended Unemployment com
pensation payments.
Includes $5 million FY 1970, $10 million FY 1971 and $12 million FY
1972 and $6 million FY 1973 from Railroad Retirement Unemployment
Insurance Account Estimate is $12 million FY 1974.
Beginning FY 1967 excludes transactions for investments of non-Federal
securities.
Includes interest.
Includes an adjustment of $7 million pursuant to the' act of September
6, 1958 (U.S.C. 361 (a)).
Includes unappropriated receipts beginning September I960.
Less than $500,000.
138
Treasury Bulletin
T m jA M r -T A T
OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS..............
_
Section IV - Trust Funds
Table GA-IV-8. - National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Transfers from Interest and (benefits, net lending
Premiums and
refunds, and
general and
profits on
other receipts special funds investments dividends)
Receipts
Fiscal year
or month
Total
1941-63............
1964.............
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974 (Est.;........
18,238
661
662
693
693
693
708
711
744
773
798
798
10,356
478
473
497
487
4^6
478
463
470
478
487
475
4,747
6
7
5
6
5
6
3
3
2
2
1972JOct...........
Nov........, ..
Dec..........
1973-Jan...........
Feb...........
Mar..... .....
Apr..........
May...........
41
45
178
46
50
42
41
41
186
42
48
34
40
45
34
44
44
42
39
41
39
40
41
34
*
*
*
July..........
Sept..........
Fiscal 1974
to date.........
124
115
2
3,136
176
182
191
200
211
225
245
271
292
309
320
*
*
*
*
*
*
*
*
*
*
Source:
See Table FFO-1.
Note:
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C/720).
1
*
143
2
6
*
1
*
147
2
6
*
8
12,517
585
545
485
729 1/
546 1/
627
685
661
720
519
588
'
32
35
41
51
50
54
51
55
56
56
46
158
Assets, end of period
Net increase
or decrease
(-), in
assets
5,721
75
117
208
-36
147
82
26
82
53
279
210
5,721
5,797
5,914
6,122
6,086
6,233
6,315
6,341
6,423
6,476
6,755
6,968
9
10
136
6,508
6,518
6,654
6,650
6,650
6,638
-5
*
-12
-11
-15
143
-14
-8
.12
Invest
ments
Total
I
6,627
6,612
6,755
6,741
6,7T»
I
6 ,7 2 1
1
j
Unexpended
balance
5,714
5,783
5,909
6,113
6,079
6,2286,301
6,320
6,403
6,465
6,737
6,958
7
14
5
9
7
4
13
21
20
11
18
10
6,496
6,507
6,649
12
11
5
6,639
6,638
6,627
10
11
10
6,613
6,602
6,737
6,730
6,724
6,711
14
10
18
10
9
10
1
6,721
6,711
_
. -34 ..
1/ Excludes transactions for investments in non-Federal securities.
* Less than $500,000;
10
November 1973
139
m A W P T A I.
OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS—
—
Section IV - T ru st Funds
Table GA-IV-9. - Investm ents o f S pecified T ru st Accounts in Public JDebt Securities
and Agency Securities by Issues, as of September 30, 1973
(In millions of dollars)
Issue
date
Description of securities
Public debt securities*
Public issues:
Notes:
6%
6-3/4
6-3/2
7-3/2
8
7-3/4
6-3/4
5-5/8
5-7/8
7
6
6-3/4
Bonds:
4-3/8£
4-3/8
4-3/4
4-3/4
3-3/4
4
3-3/2
3-3/4
4-3/4
4
4-3/8
3-3/2
3
3-3/2
2-3/4 (Investment Series
7
6-3/8
6-3/8
7-3/2
Total public issues......
Special issues:
Certificates:
6-3/4#
7-1/4
7-1/2
7
6
7-3/2
6-3/8
7-7/8
5-3/4$
7
7
Notes:
5-3/4#
5-5/8
6-3/2
7-5/8
7-3/4
6-3/8
- .
6-5/8
6-3/4
Bonds:
2-5/8%
3-3/4
3-3/4
3-7/8
3-7/8
4-3/8
4-3/8
3-3/4
Total special issues.....
B)
5/15/75
2/15/76-A
5/15/76
8/15/76
2/15/77
8/15/77-B
2/15/78
8/15/74
8/15/75
13/15/75
13/15/78
8/15/79
5/15/68
2/15/69
5/15/69
10/3/76
3/15/77
8/15/70
2/15/71
8/15/68
2/15/71
8/15/71
11/15/71
8/15/72
13/15/73
2/15/74
5/15/74
5/15/75-85
6/15/78-83
2/15/80
13/15/80
5/15/85
8/15/87-92
2/15/88-93
5/15/89-94
2/15/90
2/15/95
13/15/98
4/3/75-80
8/15/81
13/15/86
8/15/84
8/15/88-93
7/22/64
3/15/65
5/15/64
4/5/60
5/3/53
3/23/59
10/3/60
6/3/58
8/15/62
3/17/63
4/18/64
2/14/58
2/15/55
10/3/60
4/3/51
8/15/71
13/15/71
8/15/72
8/15/73
6/30/74
6/30/74
6/30/74
6/30/74
6/30/74
6/30/74
6/30/74
6/30/74
6/30/74
10/3/73
6/30/74
6/30/79
6/30/75
6/30/76
6/30/77
6/30/77
6/30/78
6/30/80
6/30/80
6/30/72
6/30/68
6/30/69
6/30/70
6/30/70
6/30/71
6/30/73
6/30/73
6/30/75
6/30/77
6/30/75 and 76
6/30/77 and 78
6/30/78
6/30/78 to 80
6/30/79 and 80
6/30/76
from 6/30/59
from 6/30/61
6/30/61
6/30/63
6/30/63
from 6/30/64
from 6/30/64
6/30/61
Agency securities:
Participation certificates
5.20#
3/19/77
5.20
3/19/82
5.10
4/6/87
6.40
12/13/87
6.05
2/3/88
6.45
4/8/88
6.20
8/12/88
Total participation certificates........
Total..........
Source:
Bureau of Accounts.
6/30/73
9/4/73
8/3/73
9/4/73
8/3/73
8/4/73
9/3/73
from 8/3/73
6/30/73
from 9/4/73
from 7/2/73
from
from
from
from
from
3/19/67
1/19/67
4/5/67
12/13/67
3/30/68
4/8/68
8/12/68
Federal Old-Age
and Survivors
Insurance
Trust fund
17
5
22
90
15
50
62
6
78
60
153
449
26
33
Federal
Disability
Insurance
Trust Fund
Federal
Fodqral
Supplementary
Hospital
Medical
Insurance Insurance
Trust Fund Trust Fund
7
51
4
26
10
14
2
Railroad
Retirement
Accounts
89
-
-
35
86
834
21
2
10
21
47
30
126
6
7
14
6
33
39
3
32
-
81
91
556
70
552
1,065
50
66
10
32
38
3,522
15
16
315
-
5
1,526
2,785
_
493
586
793
2,627
41
1,548
7,374
1,059
584
1,152
1,394
538
3,469
4,547
1,284
943
931
2,159
232
797
-
535
159
282
650
819
1,008
145
-
1,738
7,514
-
63
2
3,103
2,461
3,845
5,033
928
32,017
43
745
17
69
520
279
9
127
3
33
53
106
53
14
106
18
174
113
100
16
154
3
19
1
37
334
51
50
45
2
10
138
438
20
150
193
2,582
Unemployment
Trust Fund
-
-
5,241
907
50
-
-
3,379
8,984
50
100
50
75
65
35
230
'555
-
50
-
50
-
36,094
7,829
5,291
907
4,222
11,611
-
Treasury Bulletin
140
CUMULATIVE TABLE OF CONTENTS,
December 1972 through November 1973
Issue and page number
1973
Sections
i Dec.
Article:
Treasury financing operations......................
Federal fiscal operations:
Summary of fiscal operations.......................
Budget receipts by principal sources...............
Chart - Budget receipts by principal sources........
Budget outlays by agencies.........................
Undistributed intrabudgetary transactions...........
Budget outlays by major function...................
Investment transactions of Government accounts in
Federal securities (net).........................
Trust fund transactions...........................
Loan disbursements and repayments, net lending, and
loan balances of Federal Credit Programs..........
Detail of excise tax receipts......................
Accountability of the Treasurer of the U.S. on an
accounting basis.................................
Summary of internal revenue collections by States,
and other areas..................................
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
V
VI
V
VI
VI
V
V
VI
VI
V
VI
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
9
10,
9
10
9
10
9
10
9
10
9
10
9
10
9
10
9
10
9
10
9
10
9
10
12
.. •
11
13
*11
11
14
11
11
11
13
11
...
11
11
11
14
11
...
16
...
...
...
13
...
...
...
...
Federal obligations..................................
16
16
14
16
14
15
16
14
...
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United
States..........................................
Analysis of changes in tax and loan account balance..
Summary of cash transactions through the Account of
the Treasurer of the United States...............
Gold assets and liabilities of the Treasury.........
20
21
20
21
18
19
23
24
18
19
19
20
20
21
18
19
22
22
22
22
20
20
25
25
20
20
21
21
22
22
23
23
21
26
21
22
...
...
14
14
18
14
15
ii
i8 i
19
17
18
21
22
20
20
16
16
20
20
19
19
23
23
23
21
17
21
20
24
!
24
24
22
27
22
23
24
22
18
22 '
21
25
24
25
24
25
22
23
27
28
22
23
23
24
24
25
22
23
18
19
22
23
21
22
25
26
25
26
25
26
23
24
28
29
23
24
24
25
25
26
23
24
19
20
23 ;
24 1
22
23
26
27
27
28
29
30
27
28
29
30
25
26
27
28
30
31
32
33
25
26
27
28
26
27
28
29
27
28
29
30
25
26
27
28
21
22
23
24
25 '
26 '
27
28
24
25
26
27
28
29
30
31
31
31
29
34
29
30
31
29
25
29
28
32
32
33
30
31
35
36
30
31
31
32
32
33
30
31
26
27
i
30
31
29
30
33
34
1 35
34
39
34
35
36
34
30
34
33
34
38
37
42
37
38
39
38
34
i
38
37
41
41
40
. 45
40
41
42
41
37
41
40
44
43
42
47
42
43
44
43
39
43
42
46
46
45
50
45
46
47
46
42
46
45
49
50
49
54
49
50
51
50
46
50
50
54
60
59
65
60
61
63
62
58
63
56
60
62
62
61
67
62
64
66
65
61
66
59
63
62
63
65
62
63
65
61
62
64
67
68
70
62
63
65
64
65
67
66
67
69
65
66
68
61
62
64
66
67
69
59
60
62
63
64
66
...
...
65
66
...
...
...
...
...
65
66
...
...
Public debt oraerations:
Maturity schedule of interest-bearing marketable
public debt securities other than regular weekly
and annual Treasury bills outstanding.........
• 32
Offerings of Treasury bills........................
33
New money financing through regular weekly Treasury
bills...........................................
35
Offerings of public marketable securities other than
regular weekly Treasury bills....................
38
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations
41
Allotments by investor classes on subscriptions for
public marketable securities.....................
43
Disposition of public marketable securities other
than regular weekly Treasury bills...............
46
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries........
50
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries........................................
60
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 and
H combined.......................................
Sales by States, Series E and H combined...........
•••
U
...
Federal debt:
Summary of Federal debt............................
Computed interest charge and computed interest rate
on interest-bearing public debt..................
Interest-bearing public debt.......................
Maturity distribution and average length of market
able interest-bearing public debt................
Special public debt issues......................... '
Interest-bearing securities issued by Government
agencies................. |......................
Participation certificates.........................
Debt subject to statutory limitation...............
Status and application of statutory limitation......
Treasury holdings of securities issued by Government
corporations and other agencies..................
Nov.
VI
...
Mpn^.ayy-.statistic,s:
Money in circulation.......................... .
Oct.
(Continued on following page)
68
j
1
I
67
November 1973
141
_
CUMULATIVE TABLE OF CONTENTS _ _ _ _ _
December 1972 through N ovem ber 1973- (Continued)
Issue and page number
1973
Sections
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
United States savings notes:
Sales and redemptions by periods....................
66
66
67
71
66
69
70
Ownership of Federal securities:
Distribution by classes of investors and types of
issues...........................................
Estimated ownership by private investors............
67
68
67
68
68
69
72
73
67
68
70
71 ,
Treasury Survey of ownership..........................
69
69
70
74
69
Treasury survey-commercial bank ownership.............
...
...
77
...
Market quotations on Treasury securities:
End-of-month closing quotations by issues...........
Chart - Yields of Treasury securities...............
76
78
76
78
83
85
Average yields of lone-term bonds:
Average yields of Treasury, corporate and municipal
bonds by periods..................................
Chart - Average yields of Treasury, corporate and
municipal bonds...................................
79
79
80
Exchange Stabilization Fund:
Balance sheet......................................
Income and expense..................................
National bank reports:
Income, expenses, and dividends for calendar year 1971
International.,, financial statistics:
U.S. reserve assets.................................
U.S. liquid and nonliquid liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners...................................
U.S. liquid and nonliquid 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 IMF............................
U.S. net monetary gold transactions with foreign
countries and international and regional organi
zations...........................................
Capital movements between the United States and foreign
countries:
Liabilities to foreigners reported by banks in the
United States.....................................
Claims on foreigners reported by banks in the United
States............................................
Liabilities to foreigners reported by nonbanking
concerns in the United States......................
Claims on foreigners reported by nonbanking concerns
in the United States...............................
Transactions in long-term securities by foreigners re
ported by banks and brokers in the United States....
Foreign credit and debit balances in brokerage accounts.
Foreign currencies acquired by theU,S, Government
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.........
Statements of source and application of funds......
Regular Governmental activities:
Statements of financial condition.................
Federal credit programs:
Direct sales and repurchases of loans.............
Loans outstanding, excluding interagency 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 Trust Fund.............
Federal Supplementary Medical Insurance Trust Fund..
Railroad Retirement Accounts.................. .
National Service Life Insurance Fund..............
Investments of specified trust accounts............
☆ U.S. Government Printing Office: 1973—0—545-960/5
July
Aug.
Sept.
Oct.
Nov.
69
67
70
63
68
71
72
70
71
68
69
71
72
64
69
70
72
73
72
70
73
66
71
...
...
...
...
77
...
...
...
81
83
76
78
79
81
82
79
81
83
85
80
82
73
75
79
81
86
84
79
82
83
82
86
83
76
82
80
87
85
80
83
84
83
87
84
77
83
...
81
82
...
...
81
82
...
...
84
85
...
...
78
79
...
...
...
...
...
...
...
85
...
...
81
83
88
86
83
84
86
86
88
85
80
84
82
84
89
87
84
85
87
87
89
86
81
85
83
85
90
88
85
86
88
88
90
87
82
86
83
84
87
88
89
1
-
65
...
84
85
86
87
91
92
89
90
86
87
87
88
89
90
89
90
91
92
88
89
86'
88
93
91
88
89
91
91
93
90
85
89
91
96
94
91
92
94
94
96
93
88
92
99
100
102
102
104
101
96
100
105
106
108
108
110
107
102
106
106
110
112
121
116
125
97
99
104
102
103
105
110
108
107
109
114
112
109
110
112
112
114
111
113
122
115
124
120
129
118
127
115
124
116
125
118
127
U8
127
120
129
117
126
...
...
...
...
127
128
...
...
...
...
132
...
...
...
...
...
...
...
...
128
125
149
...
130
...
...
...
175
•♦«
•••
126
161
162
129
129
155
156
155
129
...
131
•••
132
128
•••
•••
•••
•••
•••
•♦•
•••
...
...
...
...
...
...
...
...
...
...
...
165
166
167
167
168
168
169
170
171
...
...
...
...
...
...
...
•..
...
...
...
159
160
161
162
163
163
164
166
167
...
...
...
...
...
...
...
•..
...
...
...
...
...
...
...
...
...
139
140
HI
142
143
143
144
146
147
128
129
123
...
124
130
•••
131
132
133
134
135
136
137
138
139
@FedFRASER