Full text of Treasury Bulletin : November 1974
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Treasury Bulletin
N o v e m b e r 1974
1 7
8 9
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
November 1, 1974
ERRATA
Extract from the Treasury Bulletin October - 1974
Attention is called to lines Treasury notes and Treasury bonds for corrected figures.
. TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 1 9 7 4 _
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
Insurance companies
Classification
Bv type security:
Issued by U.S. Government:
Treasury bills..............
Federal Financing Bank bills...
Treasury notes..............
Treasury bonds..............
Total.....................
Total
amount
outstand
ing j/
U.S. Govern
ment ac
counts and
Federal
Reserve
"banks
5,585
commer
cial
banks
2/
476
mutual
savings
banks
2/
109,080
1,501
127,675
33,854
272,111
38,968
2
50,507
13,048
102,525
3,078
346
33,522
2,424
39,371
104
*
944
443
1,491
289
life
72
1
256
2,157
2,486
State and local
486
governments
savings 466
188
445 fire, and loan corpo
casualty, associa rations 315
pension
general
and
re
and
tions
funds
tirement
marine
funds
118
10
1,238
660
2,026
47
2
1,338
389
1,776
1,739
102
2,499
318
4,659
3,606
124
2,685
1,071
7,486
201
141
784
1,127
Held by
all
other
inves
tors 2/
61,147
914
34,544
12,559
109,165
November 1974
I
C O N T E N T S
Article
- Treasury Financing Operations...............................................................
F E D E R A L
F I S C A L
V
O P E R A T I O N S
FFO-1.
- Summary of Fiscal Operations................................................................
1
FFO-2.
- Budget Receipts by Source....................................................................
3
Chart
- Budget Receipts by Source...................................................................
5
FFO-3.
- Budget Outlays by Agency.....................................................................
6
FFO-4.
- Undistributed Intragovernmental Transactions...............................................
7
FFO-5.
- Budget Outlays by Function..................................................................
FFO- 6 .
- Investment Transactions of Government Accounts in Federal Securities.....................
10
FFO-7.
- Trust Funds Transactions.....................................................................
11
FFO-9.
- Detail of Excise Tax Receipts...............................................................
12
F E D E R A L
&
O B L I G A T I O N S
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class....
15
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class.................................................................................
15
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency......
16
FO-4.
- Gross Obligations Incurred Outside the Federal Government Comparative Statement
by Months....................................................................................
17
A C C O U N T
O F
T H E
U.S.
T R E A S U R Y
UST-1.
- Status of the Account of the U.S. Treasury.................................................
UST-2.
- Analysis of Changes in Tax and Loan Account Balances......................................
19
UST-3.
- Summary of Cash Transactions through the Account of the U.S. Treasury....................
20
UST-4.
- Gold Assets and Liabilities of the Treasury................................................
20
M O N E T A R Y
MS-1.
IB
S T A T I S T I C S
- Money in Circulation.........................................................................
F E D E R A L
21
D E B T
FD-1.
- Summary of Federal Debt......................................................................
22
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing.Public^ Debt ....
22
FD-3.
- Interest-Bearing Public Debt................................................................
23
FD-4.
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt....
23
FD-5.
- Government Account Series....................................................................
24
FD- 6 .
- Interest-Bearing Securities Issued by Government Agencies.................................
25
FD-7.
- Participation Certificates...................................................................
26
FD- 8 .
- Debt Subject to Statutory Limitation........................................................
27
FD-9.
- Status and Application of Statutory Limitation.............................................
28
FD-10.
- Treasury Holdings of Securities.............................................................
29
II
Treasury Bulletin
CONTENTS
P U B L I C
D E B T
O P E R A T I O N S
PDO-1.
- Maturity Schedule of Interest-Bearing Public Marketable Securities.......................
30
PDO-2.
- Offerings of Treasury Bills..................................................................
31
PDO-3.
- New Money Financing through Regular Weekly Treasury Bills.................................
34
PDO-4.
- Offerings of Public Marketable Securities..................................................
39
PDO-5.
- Unmatured Marketable Securities Issued at a Premium or Discount..........................
43
PDO- 6 .
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities........
46
PDO-7.
- Disposition of Public Marketable Securities................................................
49
PDO- 8 .
- Foreign Series Securities....................................................................
54
PDO-9.
- Foreign Currency Series Securities..........................................................
64
U N I T E D
S T A T E S
S A V I N G S
B O N D S
SB-1.
- Sales and Redemptions by Series, Cumulative................................................
67
SB-2.
- Sales and Redemptions by Periods, All Series Combined.....................................
67
SB-3.
- Sales and Redemptions by Periods, Series E through K ......................................
68
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds........................................
70
U N I T E D
SN-1.
S T A T E S
S A V I N G S
N O T E S
- Sales and Redemptions by Periods............................................................
O W N E R S H I P
O F
F E D E R A L
71
S E C U R I T I E S
0FS-1.
- Distribution
of .Federal Securities.........................................................
72
O FS-2.
- Estimated Ownership of Public Debt Securities..............................................
73
T R E A S U R Y
S U R V E Y
O F
O W N E R S H I P
TS0-1.
- Summary of Federal Securities...............................................................
74
TSO-2.
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution....
75
TS0-3.
- Interest-Bearing Marketable Public Debt Securities b y Issue...............................
75
TS0-4.
- Interest-Bearing Nonmarketable Public Debt Securities by Type............................
77
TS0-5.
- Securities Issued by Government Agencies...................................................
77
TSO -6
- Securities Issued by Government-Sponsored Agencies and D.C................................
78
M A R K E T
Q U O T A T I O N S
O N
T R E A S U R Y
S E C U R I T I E S
MQ-1.
- Treasury Bills......................... ......................................................
MQ-2.
- Treasury Notes................................................................................
82
MQ-3.
- Treasury Bonds................................................................................
83
Chart
- Yields of Treasury Securities...............................................................
84
A V E R A G E
AY-1.
Y I E L D S
O F
L O N G - T E R M
82
B O N D S
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds......................
85
III
November 1974
CONTENTS
Chart
- Average Yields of Long-Term Treasury, Corporate and Italicipal Bonds...................... ... 86
I N T E R N A T I O N A L
F I N A N C I A L
S T A T I S T I C S
IFS-1.
- U.S. Reserve Assets.......................................................................... ...87
IFS-2.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners...........................................................88
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
b y Ar e a ...................................................................................... ...89
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Notes................................................ ...90
IFS-5.
- U.S. Position in the IMF..................................................................... ...91
IFS-6 .
- U.S. Net Monetary Gold Transactions with Foreign Countries...................................92
IFS-7.
- Weighted-Average of Exchange Rate Changes for the Dollar.................................. ...93
C A P I T A L
M O V E M E N T S
LIABILITIES TO FOREIGNERS REPORTED BY B A M S - U.S.
CM-I-1.
- Short-Term Liabilities by Type of Foreign Holder...........................................
96
CM-1-2.
- Short-Term Liabilities by Type of Liability................................................
97
CM-1-3.
- Short-Term Liabilities by Country...........................................................
99
CM-1-4.
- Short-Term Liabilities, by Type and Country................................................ .. 100
CM-I-5.
- Short-Term Liabilities, Not Regularly Reported Separately................................. .. 101
CM-I- 6 .
- Long-Term Liabilities by Type............................................................... .. 102
CM-I-7.
- Long-Term Liabilities by Country............................................................ .. 103
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
CM-II-1.
- Short-Term Claims by Type.................................................................... .. 104
CM-II-2.
- Short-Term Claims by Country................................................................ .. 105
CM-11-3.
- Short-Term Claims, by Type and Country..................................................... .. 106
CM-11-4.
- Long-Term Claims by Typ e ..................................................................... .. 107
CM-II-5.
- Long-Term Claims by Country................................................................. .. 108
CM-II- 6 .
- Long-Term Claims, by Type and Country......................................................... 109
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1. - Liabilities by Type.......................................................................... .. 110
CM-III-2. - Short-Term Liabilities by Country........................................................... .. Ill
CM-III-3. - Short-Term Liabilities, by Type and Country................................................ .. 112
CM-III-^4. - Long-Term Liabilities by Country............................................................ .. 113
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1.
- Claims by Type................................................................................ .. 114
CM-IV-2.
- Short-Term Claims b y Country................................................................ .. 115
CM-IV-3.
- Short-Term Claims, by Type and Country..................................................... .. 116
CM-IV-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type..................... 117
CM-IV-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country............... .. 117
CM-IV- 6 .
- Short-Term Liquid Claions Reported by Large Nonbanking Concerns, by Type and Country.... .. 118
CM-IV-7.
- Long-Term Claims b y Country.................................................................... 119
Treasury Bulletin
IV
CONTENTS
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities..............................
120
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities...............................
120
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Government Bonds and Notes...................
121
CM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes................
122
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic Bonds......................................
123
CM-V-6.
- Net Foreign Transactions in Domestic Stocks b y Country....................................
124
CM-V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country...........................
125
CM-V-8.
- Net Foreign Transactions in Foreign Stocks by Country.....................................
126
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date .........................
127
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Y e a r .........................
128
CM-VI-1.
- Foreign Credit Balances (Due to Foreigners)................................................
129
CM-VI-2.
- Foreign Debit Balances (Due from Foreigners)...............................................
130
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
F O R E I G N
C U R R E N C I E S
A C Q U I R E D
B Y
T H E
U.S.
G O V E R N M E N T
FC-1.
- Summary of Foreign Currency Transactions...................................................
132
FC-2.
- Foreign Currency Transactions, Country Uses................................................
132
FC-3.
- Foreign Currency Transactions, U.S. Uses...................................................
133
FC-4.
- Foreign Currency Transactions, Trust Funds.................................................
133
F I N A N C I A L
O P E R A T I O N S
O F
G O V E R N M E N T
A G E N C I E S
A N D
F U N D S
FEDERAL CREDIT PROGRAMS
GA-II-1.
- Direct Sales and Repurchases of Loans.......................................................
134
TRUST FUNDS
GA-IV-1.
- Civil Service Retirement and Diability Fund.................................................
135
GA-IV-2.
- Federal Old-Age and Survivors Insurance Trust Fun d ..........................................
136
GA-IV-3.
- Federal Disability Insurance Trust Fund......................................................
137
GA-IV-4.
- Federal Hospital Insurance Trust Fun d........................................................
138
GA-IV-5.
- Federal Supplementary Medical Insurance Trust Fund..........................................
139
GA-IV-6.
- Railroad Retirement Accounts..................................................................
139
GA-IV-7.
- Unemployment Trust Fund.......................................................................
140
GA-IV-8.
- National Service Life Insurance Fun d .........................................................
142
GA-IV-9.
- Investments of Spefified Trust Accounts in Public Debt Securities
and Agency Securities........................................................................
143
Cumulative Table of Contents...............................................................................
144
V
November 1974
Treasury
Financing
4-1/2 Year Notes
date on and after May 15, 1994, with interest payable semi
On October 15 the Treasuiy announced that it would sell
to the public at auction, under competitive and noncompeti
tive bidding,
Operations
up to $1 billion of Treasury Notes of Series
D-1979, to be dated November 6, 1974, due May 15, 1979, with
interest payable on a semiannual basis on May 15 and Novem
ber 15 in each year until maturity. A coupon rate of 7-7/8%
was set after the determination as to which tenders were ac
cepted on a yield basis, the average of which produced a price
annually on May 15 and November 15 until maturity.
Tenders for the notes
of Series E-1977
until 1:30 p.m., EST, November 6,
were received
and totaled $4.3 billion
of which $2.5 billion was accepted at
yields ranging from
7.78%, price 99.921, up to 7.87%, price 99.685. Noncompeti
tive tenders for $500,000
or less were accepted in full at
the average yield of accepted tenders, 7.85%, price 99.737.
These totaled $0.6 billion.
of 100.00 or less.
Tenders for the
notes were received
until 1:30 p.m.,
EDST, October 23, and totaled $2.3 billion of which $1.0 bil
lion was accepted at yields ranging from 7.78%, price 100.349
up to 7.93%, price 99.787. Noncompetitive tenders for $500,000
or less were accepted in full at the average yield of accept
ed tenders,
7.89%, price 99.937, and totaled $0.2 billion.
Tenders for the
until 1:30 p.m.,
notes of Series
B-1981 were received
EST, November 7, and totaled $3.3 billion
of which $1.75 billion
was accepted at yields ranging from
7.75%, price 100.000, up to 7.86%, price 99.416.
Noncompet
itive tenders for $500,000 or less were accepted in full at
the average yield of accepted tenders, 7.82%, price 99.628.
These totaled $0.2 billion.
Tenders were received at Federal Reserve banks and branch
es and at the
Bureau of the Public Debt, Washington, D. C.
Bearer notes, with interest coupons attached, and notes reg
istered as to principal
and interest were authorized to be
issued in denominations of $1,000, $5,000, $10,000, $100,000,
Tenders for the bonds
EST, November 8,
million was accepted
and $1,000,000.
were received
until 2:30p.m.,
and totaled $1,813 million of which $600
at prices ranging from 103.50, yield
8.17% to maturity, down to 102.79, yield 8.23% to maturity.
November Refunding
Noncompetitive tenders for $500,000 or less were accepted in
On October 30 the Treasuiy announced that it would sell
to the public at auction, under competitive and noncompeti
full at the average price of accepted tenders, 103.04, yield
8.21% to maturity.
These totaled $52 million.
tive bidding, up to $2.5 billion of Treasury Notes of Series
E-1977, up to $1.75 billion of Treasuiy Notes of Series B-1981,
and up to $600 million of 8-1/2% Treasuiy Bonds of 1994-99.
These issues
were to refund $4.3 billion
Treasuiy securities maturing November 15.
of publicly held
Coupon rates of
7-3/4% were set on the notes after determinations as to which
tenders were accepted on a yield basis, the average of which
1974, due November 15, 1977,
will be dated November 15,
with interest payable semian
nually on May 15 and November 15 until maturity.
The notes
of Series B-1981 will be dated November 15, 1974, due Novem
ber 15, 1981, with
interest payable semiannually on May 15
and November 15 until maturity.
The bonds will be an
addi
tional issue of the bonds dated May 15, 1974, with interest
payable from November 15, 1974,
due May 15, 1999, callable
at the option of the United States
notes of Series B-1981
and $338 million of the bonds were
allotted to Federal Reserve banks and Government accounts in
exchange for Treasury securities maturing November. 15, 1974.
Payment for accepted tenders in all three auctions was
required to be made or completed on or before November 15,
produced a price of 100.00 or less.
The notes of Series E-1977
In addition to the amounts allotted to the public, $1.1
billion of the notes of Series E-1977, $0.9 billion of the
on any interest payment
1974, except that payment for up to 50 percent of the amount
of bonds allotted could be deferred until December 3, 1974.
Payment could be made in cash, 5-3/4 percent Treasury Notes
of Series A-1974
or 3-7/8 percent Treasuiy bonds of 1974,
which were to be accepted at par, or other funds immediate
ly available to the Treasuiy by that date.
Tenders were received in all three auctions at Federal
Reserve banks and branches and at the Bureau of the Public
Debt, Washington, D. C.
Bearer notes and bonds, with in
Treasury Bulletin
VI
Treasury
Financing
Operations— Continued
terest coupons attached, and notes and bonds registered as
million of noncompetitive tenders.
to principal and interest
rate was 7.629 percent.
were authorized to be issued in
denominations of $5,000, $10,000, $100,000, and $1,000,000
in the case of the notes of Series E-1977, and in denomin
The average bank discount
227-Dav Bills
On October 15, tenders were invited for $1,500 million,
ations of $1,000, $5,000, $10,000, $100,000, and $1,000,000
or thereabouts,
in the case of the notes of Series B-1981 and the bonds of
ember 4, 1974, and to mature June 19, 1975.
of 227-day Treasury bills to be dated Nov
1994-99.
4--1/2 Year Notes and November Refunding
Tenders were opened on October 29.
Tenders were received without deposit from commercial
They totaled $3,860
million, of which $1,501 million was accepted, including $49
and other banks for their own account, Federally-insured sav
million of noncompetitive tenders.
ings and loan associations, States, political subdivisions or
rate was 7.933 percent.
or instrumentalities thereof, public pension and retirement
made through Treasury tax and loan accounts.
The average bank discount
Payment for the bills could not be
and other public funds, international organizations in which
the United States
holds membership, foreign central banks
and foreign States, dealers who make primaiy markets in Gov
13-Week and 26-Week bills
Issues of regular weekly Treasury bills in October to
ernment securities and report daily to the Federal Reserve
taled $23.3 billion.
Bank of New York their positions with respect to Government
in exchange for bills maturing in the amount of $22.5 billion.
securities and borrowings theron, and Government accounts.
There were four
Tenders from others were required to be accompanied by pay
week issue of $2.6 billion.
ment of 5 percent of the face amount of notes or bonds ap-
of $2.0 billion and one 26-week issue of $1.9 billion.
lied for.
age rates for the new issues are shovm in the following table.
These issues were offered for cash and
13-week issues of $2.7 billion and one 13There were four 26-week issues
Aver
All bidders were required to agree not to purchase or
to sell, or to make any agreements with respect to the purcnase or sale or other disposition of the securities bid for
Date of issue
Annual average rate
(bank discount basis)
under the offerings at a specific rate or price, until after
the closing hour for the receipt of tenders for each parti
26-week
13-week
1974
cular issue.
Commercial banks were prohibited from making unsecured
3
6.385
7.441
or in part by the
10
6.697
7.364
securities bid for, to cover the deposits required to be paid
17
7.723
7.829
24
7.525
7.398
31
7.892
7.766
loans, or loans collateralized in whole
when tenders were entered, and they were required to make a
certification to that effect.
Other lenders were requested
Oct.
bo refrain Prom mnV*
52-Week Bills
On October 9, tenders were invited for $2,000 million,
or thereabouts, of 364-day Treasuiy bills to be dated Octo
ber 22, 1974, and to mature October 21, 1975.
The issue was
offered for cash and in exchange for $1,800 million of bills
Treasury Bills - General
Treasury bills are sold a bid basis.
payable without
interest at maturity.
The face amount is
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).
maturing October 22.
Tenders are received at Federal Reserve banks and branches.
Tenders were opened on October 16.
They totaled $3,580
million, of which $2,003 million was accepted, including $92
Each tender must be for a minimum of $10,000.
$10,000 must be in multiples of $5,000.
Tenders over
November 1974
VII
Treasury
Banking institutions generally
account of customers.
Financing
may submit tenders for
Tenders may be made without deposit
Operations— Continued
+hat date.
Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
by incorporated banks and trust companies and by responsible
and recognized dealers
in investment securities.
from others must be accompanied
Tenders
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.
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
the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or completed
Foreign Series and Foreign Currency Serler
Foreign series
securities
issued in
October totaled
$1,874 million, consisting of twenty certificates of indebt
edness and
two notes.
$1,907 million.
the month totaled
At the end of October, foreign series secu
rities outstanding
shown on page
Redemptions for
totaled $21,544 million.
(Details are
63 •)
No foreign currency
redeemed in October.
series securities
were issued or
At the end of October, foreign currency
series securities outstanding totaled an equivalent of $1,599
on the date of issue, in cash or other immediately available
million and were all denominated in Swiss francs.
funds or in a like face amount of Treasury bills maturing on
are shown on page
66 .)
(Details
November 1974
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Budget receipts and outlays
Means of financing - net transactions
Borrowings from the public - Federal securities
Fiscal year
or month
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1975 (Est)
1973-Sept,
Oct.,
Nov.,
Dec.,
1974-Jan.,
Feb.,
Mar.,
Apr.
May.,
June
July,
Aug.,
Sept
Fiscal 1975 to
date......
Net
budget
receipts
1/
Net
budget
outlays
2/
Budget
surplus
or
deficit
1-2
Public
debt
securi
ties 2/
Agency
securi
ties
Invest
ments of Special
notes
Govern
ment ac 1/
counts ij
(i)
(2)
(3)
(4)
(5)
(6)
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
264,932
294,039
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,876
246,526
268,392
305,439
-1,596
-3,796
-8,702
-25,161
3,236
-2,845
-23,033
-23,227
-14,301
-3,460
-11,4 0 0
5,561
2,633
6,314
21,357
6,142
17,198
27,211
29,131
30,881
16,918
19,797
704
4,041
5,079
5,944
-10,150
-1,739
-347
1,269
216
903
1,826
2,330
3,244
9,035
5,320
8,522
10,062
7,417
24,411
25,408
24,712
4,173r
-5,455
-1,891
2,302
-195
-804
-6,086
7,384
-4,739
7,087
-3,472
-1,787
3,666
74,531
-1,595
24,843r
17,637
20,209
21,987
23,476
20,226
16,818
29,657
19,243
31,259
20,938
23,620
28,377
20,67Gr
23,092
22,099
19,686
23,671
21,030
22,905
22,273
23,981
24,172
72,937
-406
1,037
1,561
5,861
Changes in cash and monetary assets (Deduct)
Total
borrowing
from the
public
4+5-6-7
(7)
-126
354
-482
-1,119
-1,384
8 ,4 2 0
11,822
14,813
9,123
U.S. Treasury
operating cash,
gold balance
and other
6/7/
SDR
s/
Other
2/
(ID
371
259
-5
1,859
808
-1,536
-208
1,079
-1,264
91
(8)
(9)
(10)
4,061
3,076
2,838
23,100
-11,146
5,397
19,448
19,442
19,275
3,009
14,455
1,594
-260
-4,571
-1,094
760
1,746
826
1,668
2,068
-3,380
557
290
771
-8
245
-929
-328
-369
2,558
567r
1,395
2,202
3,128
-1,714
2,503
3,813
-2,597
2,773
385
1,109
6,447
-326
43r
29
273
-174
12
-17
394
37
-28
29
-126
-56
-167
-929
2,674
-103
-58
2,736
4,299
-660
4,108
-1,061
-773
-162
4,309
-2,502
8
-3,886r
7,231
-348
2,387
1,644
2,283
569
5,517
-2,811
-1,114
5,665
424
-3,050
932
3,635
-5,712
2,859
-2,705 15/
-1,012 16/
3,244 22/
4,496
-472
217
-9
6
32
32
7
48
87
87r
-91
46
-36
151
24
-57
752
-613
51
Gold Tranche
Drawing
Rights 10/
(12)
381
-447
-342
538
644
802
-908
-988
50
525
-713
-281
406
54
10
11
138
65
6
67
166
8
22
356
343
-587
721
Selected balances, end of period
Means of financing-net transactions - (Cont)
Federal securities
Fiscal year
or month
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1972........
1973........
1974........
1975 (Est)...
1973-Sept....
Oct.....
Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept....
Fiscal year to
date......
Transactions
not applied to
year's surplus
or deficit 12/
Total Budget
financing
8-9-io-n
-12+13+14
-2 2
(14)
98
629
813
367
10,407
-961
3,103
4,958
-3,921
-1,290
-939
1,297
-208
-778
-2,116
(15)
1,596
3,796
8,702
25,161
-3,236
2,845
23,033
23,227
14,301
3,460
Other means
of financing
11/
(13)
-217
-359
132
2,997
-284
-2,724
Footnotes on following page.
-
Public debt
securities
1/
Agency
securities
2A/
(17)
317,274
319,907
(18)
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
11,400
(16)
12,710
12,450
7,879
6,785
7,544
9,291
10,717
11,785
13,854
10,473
13,854
-551
957
-510
-144
-187
-484
-285
3
-463
-276
-666
830
-593
-4,173r
5,455
1,891
-2,302
195
804
6,086
-7,384
4,739
-7,087
3,472
1,787
-3,666
9,532
6,722
5,608
11,273
11,696
8,646
9,579
13,213
7,502
10,473
7,403
6,373
9,877
460,6l4r
462,476
464,037
469,898
-428
1,595
9,877
482
l,415r
473
-859
354
1,867
-1,510
2,943
-440
-959
24
-868
-2,256
400
U.S.
Treasury
Account
6/ U /
|j
Investments
of Govern
ment accounts
14,540
(19)
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
140,194
148,929
475,344
481,792
481,466
ll,463r
11,488
11,760
11,586
11,598
11,581
11,975
12,012
11,984
12,012
11,895
11,831
11,664
129,740
129,412 '
129,043
131,602
130,672
133,320
133,217
133,159
135,895*
140,194
139,534
143,642
142,581
481,466
11,664
142,581
326,221
347,578
353,720
370,919
398,130
427,260
458,142
474,235
494,258
468,184
470,687
474,500
471,903
474,675
474,235
12,012
Special
notes 2/
(20)
3,455
3,810
3,328
2,209
825
825
825
825
825
825
-r
825
825
825
825
825
825
825
825
-
Held by the
public
17+18-19-20
(21)
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770
343,045
346,053
359,045
-
342,338r
343,727
345,930
349,058
348,285
348,123
352,432
349,931
349,939
346,053
347,706
349,980
350,549
-
350,549
-
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Footnotes to Table FFO-1
Source: Monthly Statement of Receipts and Outlays of the U.S. Gov
ernment. Based on revised estimates of the 1974 Budget released
June 12, 1974 before the Senate Finance Committee on the public debt
limit, and the 1975 Budget Document released February 4, 1974.
1/ See Table FPO-2.
2/ See Table FPO-3.
j/ As of July 31, 1974, Public Debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the Budget presentation.
U See Table FFO-6.
5/ Represents noninterest-bearing public debt securities issued to the
IMF and international lending Institutions (IDA and IDB) in recog
nition of U.S. Government subscription commitments prior to July
1974.
6/ Current fiscal year to date transactions are on the Daily Statement
of xhe U.S. Treasury 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 Table FF0-10 in the October 1974 Bulletin.
7/ Prior to July 1974, entitled: Within General Account of the
U.S. Treasury.
8/ Represents holdings of special drawing rights, less certificates
issued to Fedora] Reserve banks.
9/ Beginning July 1974, includes other transactions previously under
Within General Account of the U.S. Treasury.
10/ Represents activity for the International Monetary Fund.
11/ Includes: public debt accrued interest payable and beginning in
fiscal 1974 only that portion which is payable to the public; deposit
funds; and miscellaneous asset and liability accounts, and beginning
July 1974 other transactions previously presented under Within
General Account of the U.S. Treasury.
12/ Includes: seigniorage; increment on gold; fiscal 1969 conversion of
certain corporations to private ownership; fiscal 1970 reclassifica
tion 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, postal service fund since July 1973 and Federal
Financing Bank since July 1974).
13/ Prior to July 1974, entitled: General Account of the U.S. Treasury.
Includes U.S. Treasury operating cash, gold balance and other.
1U See Table FD-6.
15/ Excludes other transactions for July 1974 reported in columns 11
and 13 with amounts of -$228 million and -$16 million, respectively.
16/ Excludes other transactions for August 1974 reported in columns 11
and 13 with amounts of -$489 thousand and -$17 million, respectively.
17/ Excludes other transactions for September 1974 reported in columns
11 and 13 with amounts of $217 millions and $42 million, respectively.
* Less than $500,000.
r Revised.
November 1974
3
_________ FEDERAL FISCAL OPERATIONS___________
Table FFO-2. - Budget Receipts by Principal Sources
(In millions of dollars)
Income taxes
Fiscal year
or month
Net
budget
receipts
Net
Refunds Withheld
total
Other
1965............
1966............
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1975 (Est.)......
Corporation
Individual
1/
3 6,840
42 ,8 1 1
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232.225
264,932
294,000
1973-Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
July........
24,843r
17,637
20,209
21,987
23,476
20,226
16,818
29,657
19,243
31,259
20,939
Sept........
Fiscal 1975
to date..........
16,820
18,486
50,521
57,301
70,182
77,416
76,490
18,850
20,951
27,258
83,2 0 0
98,093
25,679
27,019
1 12,092
3 0 ,812
n.a.
n.a.
26,236
24,262
28,377
7,942r
8,752
9,811
8,887
9,296
9,508
9,664
9,959
10,088
10,615
10,227
10,223
9,755
3,903
550
261
362
5,076
945
2,186
11,118
1,204
4,077
957
491
4,323
72,937
30,205
5,771
23,620
Gross
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14,143
48,792
55,446
61,526
£8,726
87,249
90,412
21,866
103,246
23,952
n.a.
118,952
26 ,.131
i
30,834
34,918
29,897
38,338
35,037
86,230
30,320
94,737
34,926
39,045
41,744
n.a.
131,000
130
ll,709r
9,230
10,006
9,134
14,327
8,601
3,219
14,764
5,641
14,231
10,806
10,485
13,947
9,269
1,796
1,084
6,082
737
35,239
8,961
135
71
66
115
45
1,851
8,631
6,313
5,651
462
378
229
5,477
1,515
939
6,2 0 1
1,722
1,066
5,887
5,893
1 ,3 1 8
Net total
income
taxes
Net
total
Refunds
670
761
946
25,461
30,073
33,971
28,665
36,678
32,829
26,785
1 ,2 3 2
1,660
2,208
3,535
2,760
2,893
3,125
n.a.
74,253
85,519
95,497
97,390
123,927
123,241
113,015
126,903
139,398
157,571
175,500
32,166
36,153
3 8 ,6 2 0
44,500
230
16,957r
5,247
1,053
652
6,096
1,562
819
5,549
5,463
462
287
105
160
248
338
430
218
237
310
256
435
10,283
9,033
1,485
828
5,647
10,658
15,230
15,889
9,420
8*768
20,226
6,741
23,263
12,291
11,313
19,594
7,960
43,198
1,1 0 0
1 ,0 0 1
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
Unemployment insurance
Old-age, disability, and
hospital insurance
Railroad retirement accounts
Net total
Gross
Refunds
Net
total
16,915
20,206
27,328
28,672
33,956
16,723
19,978
27,046
28,409
33,351
38,214
40,719
45,111
53,687
64,481
n.a.
1965.............
1966.............
1967.............
1968.............
196 9
197 0
1971.............
1972.............
1973.............
1974.............
1975 (Est.).......
41,237
45,559
54,166
65,016
n.a.
192
228
282
263
605
386
518
447
479
535
n.a.
1973-Sept.........
Oct.........
Nov........
Dec....... ...
1974-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June.........
July.........
Aug.........
Sept.........
4,966
4,134
5,351
3,640
4,591
7,072
5,157
5,977
7,792
4,889
4,997
7,556
5,657
535
-
4,966
4,134
5,351
3,640
4,591
7,072
5,157
5,977
7,256
4,889
4,997
7,556
5,657
18,210
-
18,210
38,600
_
Gross
636
684
777
815
885
920
981
1,009
1,190
1,412
n.a.
23
*
■*
*
1
*
*
*
1
1
*
n.a.
*
*
*
*
*
*
*
*
*
636
683
776
814
885
919
980
1,008
1,189
1,411
n.a.
23
17,359
20,662
27,823
29,224
34,236
39,133
41,699
46,120
54,876
65,892
n.a.
11
*
11
275
-■*
275
18,486
227
121
18
222
130
16
249
146
8
_
256
Gross
Refunds
Net
total
4,989
4,144
5,578
3,761
4,609
7.,294
5,287
5,994
7,505
5,036
5,005
7,813
5,668
10
Fiscal 1975
Footnotes at end of table.
Refunds
10
227
121
18
222
130
16
249
146
8
257
3,826
3,783
3,665
3,351
3,335
3,471
3,682
4,370
6,070
6,863
n.a.
104
218
826
91
245
761
98
558
2,196
4
8
6
6
7
6
8
13
19
26
n.a.
1
1
1
1
Net
total
3,819
3,777
3,659
3,346
3,328
3,464
3,674
4,357
6,051
6,837
n.a.
103
21
3
217
825
90
245
761
96
552
2,190
18
420
1,365
63
2
2
1
1,363
62
1,848
5
1,843
1
*
2
7
6
418
4
Treasury Bulletin
TWnWBAT. 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
Federal
supple
Federal
employees
mentary
medical
retirement
insurance
Other
employees
retirement
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975 (Est.)....
_
647
698
903
936
1,253
1,340
1,427
1,704
n.a.
1,065
1,111
1,201
1,334
1,426
1,735
1,916
2,058
2,146
2,302
n.a.
16
18
19
20
24
29
37
39
41
45
n.a.
1973-Sept.....
Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
Aug......
Sept.....
137
151
131
131
152
142
138
147
145
145
160
153
154
176
197
186
164
222
202
194
200
190
184
195
212
232
3
3
3
4
4
2
5
5
4
3
3
3
3
468
638
9
1965.........
1966 ...........................
Fiscal 1975 to
date .......
|j’
Net
social
insurance
taxes and
contri
butions
Total
1,081
1,129
1,867
2,052
2,253
2,701
3,207
3,437
3,614
4,051
n.a.
Net
total
11,011
9,362
9,461
9,827
10,681
10,519
10,643
10,562
9,995
9,884
10,791
99
217
183
127
96
167
133
1,056
158
141
138
10,911
9,145
9,278
9,700
10,585
10,352
10,510
9,506
9,836
9,743
10,653
5,721
6,896
10,036
5,386
5,781
9,544
6,120
833
895
839
1,014
739
621
716
865
800
877
958
707
895
9
14
13
10
15
-3
13
23
11
10
14
14
9
823
881
826
1,003
724
624
704
842
789
866
945
693
886
82
75
79
64
69
74
67
65
58
75
76
78
79
21,444
2,560
37
2,523
233
86,103
5,408r
4*712
6,724
4,149
5,232
8 ,4 0 0
1,115
Estate and gift taxes
Refunds
_
_
-
-
_
_
-
-
2
1
2
2
2
564
650
760
842
953
Customs duties
Net
total
563
649
758
840
951
_
*
-
82
75
78
64
69
73
67
65
58
74
76
78
79
*
233
-
1
-
1
*
*
*
*
_
Miscellaneous receipts
Highway trust fund
Gross
Refunds
14,570
13,062
13,719
14,079
15,222
15,705
16,614*
15,477
16,260
16,844
2,746
3,094
3,014
3,082
3,530
3,680
3,784
5,490
4,976
5,101
29
28
36
31
39
36
49
54
59
66
6,070
70
2,716
3,066
2,978
3,051
3,491
3,644
3,735
5,436
4,917
5,035
6,000
5
5
6
4
6
5
5
8
7
5
6
6
6
373
454
462
333
455
423
465
371
437
370
418
453
352
18
4,397
1,241
of iHe U.S. uovernment
Based on revised estimates of the 1974 Budget released June 12, 1974
before the Senate Finance Committee on the public debt limit.
1/ Includes individual income taxes designated for the Presidental Election
1,223
Gross
Refunds
Net
Total
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975 (Est.)__
3,782
4,037
4,652
4,493
4,861
5,386
5,664
5,635
5,818
6,384
5,989
123
120
212
114
224
32
123
313
153
123
3,659
3,917
4,441
4,379
4,637
- 5,354
5,542
5,322
5,665
6,260
149
5,840
17,444
1973-Sept.....
Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
Aug......
Sept.....
530
503
636
468
470
634
455
_
530
503
659
1,436
1,459
1,563
1,536
1,263
1,315
1,211
1,275
1,391
1,423
1,517
1,415
1,475
Source:
Gross
Refunds
Net total
excise
taxes
Fiscal 1975 to
date
Airport and airway trust fund
Gross
22,258
25,567
33,349
34,622
39,918
45,298
48,578
53,914
64,542
76,780
3l6r
351
321
298
378
346
338
351
340
332
358
368
389
Excise taxes - Continued
Fiscal year
or month
Excise taxes
Miscellaneous excise taxes
Contributions for other
insurances and retirement
-22
_*
_
16
15
98
2
14
466
545
496
496
645
501
-
1
-
1,642
Monthly S atement
1
01
468
470
618
440
368
544
482
496
644
501
1,641
378
459
468
336
461
427
470
379
\/yJx
375
424
459
358
Net
total
Receipts
Refunds
Net
total
Deposits of
earnings by
Federal
Reserve
banks
35
45
71
75
68
64
66
107
120
110
100
1,442
1,767
1,901
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,800
1,372
1,713
1,805
2,091
2,662
3,266
3,533
3,252
3,495
4,845
A,700
245 ‘
302
309
233
309
247
285
294
309
311
332
364
312
8
10
8
9
6
9
8
8
14
10
7
9
7
398
394
414
409
397
427
379
543
286
468
-63
1
-2
59
57
49
!
238
291
301
224
304
239
277
286
295
301
325
355
305
463
489
491
144
51
51
1,008 j
23
]
985
1,443
246
Gross
1,478
1,811
1,972
2,113
2,387
2,494
2,657
3,394
3,308
3,444
3,900
All
other
222
162
303
400
247
158
325
380
426
523
453
33r
43
87
106
Net total
miscel
laneous
receipts
1,594
1,875
2,108
2,491
2,908
3,424
3,858
3,633
3,921
5,369
5,153
432r
437
501
515
334
429
377
602
343
517
607
540
543
1,690
Campaign Fund. Prior to February 1974, these taxes were included in
"Other".
* Less than $500,000.
n.a.
Not available, r
Revised.
B U D G E T R E C E IP TS B Y P R IN C IP A L S O U R C E S
©
Fiscal Years 1 9 6 5 - 1 9 7 5
$ B il.
T ota l
-Fiscal YearsComparison first
-three months fiscal years 1974 and 1975
vo
200
4^
$ B il.
100
-
I n d iv id u a l I n c o m e T a x e s
120
0
ll
1965
■
■
i
n
1969
1967
1971
1973
1975
100
S o c ia l I n s u r a n c e
100
T a x e s a n d C o n tr ib u tio n s
80
-
60
-
*3
M
O
M
I I
(IJ
1
¥
¥
Ii
M
I N
>
r1
-
I
n
>
t-1
o
h
388g-
1 1 —i l l — i l l
ill- i l l l H !
>
H
HH
o
GG
1965
1967
1969
1971
1973
1969
1971
1973
1969
1971
1975
O'
1965
1967
1969
1971
1973
1975
4 0 — C o r p o r a tio n T a x e s .
E x c is e T a x e s
-
i l l
H
i
IIP
i
1
1965
1967
88885
1975
20
O th e r
gggl
H I
I I I
|
§
O'
1965
1967
1969
1971
1973
1975
1965
Source: Monthly Statement of Receipts and Outlays of U.S. Government-for actual amounts see preceding Table FFQ-2
1/ Includes estate and gift taxes, customs duties and miscellaneous receipts.
1967
111
8888
1973
1975
6
Treasury Bulletin
_____ FEDERAL FISCAL OPERATIONS^—
-
Table FFO-3. - Budget Outlays by Agencies
(In millions of dollars)
Defense Department
Fiscal year
or month
Legis
lative
Branch
The
Judi
ciary
1965........ ...
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975 (Est).....
162
181
240
255
277
340
384
487
540
625
662
73
76
86
91
109
128
142
173
183
205
209
1973-Sept......
Oct.......
43
47
53
59
58
55
77
46
52
37
*
14
19
18
16
15
16
34
1
40
July......
Aug.......
Sept......
Fiscal 1975 to
date..........
Dec.......
1974-Jan.......
Feb.......
Mar.......
Apr.......
May.......
Executive
propriated
Office
to the
of the
President President
Agricul
ture De
partment
Commerce
Depart
ment
Military
Civil
6,7^5
5,513
5,841
7,307
8,330
8,307
8,560
10,943
10,028
9,767
9,805
4,749
4,670
726
807
854
1,028
1,188
1,250
1,368
1,455
1,450
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
73,297
77,625
77,400
1,211'
1,278
24
26
28
28
31
36
47
55
49
75
92
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,015
123
131
129
103
143
107
115
105
125
152
6,119r
6,523
6,647
6,123
6,690
6,285
6,662
6,703
7,170
7,095
124
108
103
117
166
246
67
68
42
159r
282
352
75
332
341
338
262
270
1,087
-59
80
397
249
799
1,161
137
1,209
547
682
534
792
484
18
18
16
6
4
7
5
6
6
7
5
10
11
7
6
7
384
346
616
127
128
111
6,313
7,062
6,745
125
177
211
177
53
20
418
1,346
366
20,120
513
General
Services
Admin.
National
Aero
nautics
& Space
Admin.
'
4,573
treasury Department
Fiscal year
or month
1965..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975 (Est)......
State
Depart
ment
Transpor
tation
)epartment
1/
384
410
419
424
437
448
468
568
591
730
735
785
793
5,428
5,732
5,970
6,417
7,247
7,531
8,183
8,112
8,150
Interest
on public
debt 2/
Other
Atomic
Energy
Com
mission
11,346
12,014
13,391
14,573
16,588
19,304
20',-959
21,849
24,167
29,319
29,350
87
413
-327
82
336
206
31
275
6,792
6,674
6,781
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2,392
2,393
2,307
2,288
Environnental
Protection
Agency
_
-
701
763
1,114
2,032
2,359
146
1^318
163
-106
1,530
126
150
1,706
149
2
177
190
201
203
171
209
230
235 ,
233
345
65
99
108
93
107
90
566
266
167
328
July......
Aug.......
Sept......
2,687
2,657
2,715
1,580
-105
192
115
229
233
119
107
139
30
-23
-16
-14
19
-38
-158
-56
, -101
-19
-296
-10
-24
Fiscal 1975 to
date.........
306
2,079
8,058
1,668
576
364
-330
2,856
2,777
4,140
1,529
2,603
2,890
3,642
3,592
4,786
4,860
7,232T
7,415
7,463
7,383
7,996
7,862
8,164
8,416
8,665
8,871
8,688
8,808
153
167
172
120
246
249
246
221
251
231
252
293
278
447
2,406
2,445
2,403
2,476
2,530
2,396
2,490
2,465
2,514
2,537
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779
82,042
93,735
93,769
1,300
1,268
1,211
1,376
1,530
1,703
1,682
1,711
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,177
697
758
768
663
694
461
557
566
659
1,058
507
770
802
TX#rJ
vn
£•
i
U.OQ"iT\cf 0
c
Urban De
velopment
Department
1,3 1 0
300
-242
131
413
425
446
501
589
468
-276
-199
66
60
63
77
62
26
46
64
42
29
166
66
74
1973-Sept......
Oct.......
Nov.......
Dec.......
1974-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June .......
Health,
Education,
& Welfare
Department
656
383
42
286
317
242
229
282
326
420
8 ,8 4 6
688
760
681
26,343
2,129
Veterans
Adminis
tration
Other
independ
ent
agencies
y
Interior
Depart
ment
Justice Labor
Depart Depart
ment
ment
495
661
432
235
837
1,136
225
1,256
-2,236
-4,881
-4,782
142 r
112
148
-249
-918
72
58
-2,014
94
-1,391
216
178
203
355
366
403
430
515
640
916
1,180
1,531
1,797
1,825
3,532
3,109
3,286
3,272
3,475
4,356
7,923
10,033
8,639
136
137
132
126
177
149
156
152
166
164
146
202
159
503
582
595
613
879
866
946
862
870
843
952
848
736
507
2,537
597
Undistribut
ed intragovernmental
transactions
8,966
8,890
Total
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710
11,968
13,337
4,364
5,085
6,554
7,337
4,890
7,246
8,879
9,886
11,449
12,945
-9,893
268,392
13,464
12,939
-9,963
269,546 y
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,379
118,430
134,652
158,254
178,833
184,548
196,581
211,425
231,875
246,526
968
1,056
1,191
1,141
1,202
1,086
1,191
1,163
1,177
1,014
l,200r
1,197
770
949
1,006
466
925
933
920
1,377
-851r
-850
-717
-816
-929
-677
-898
-867
-763
-1,007
20,670r
23,092
22,099
19,686
23,671
21,030
22,905
22,273
23,981
24,172
216
247
267
1,256
1,234
1,145
1,356
2,309
1,424
-967
-778
-1,026
24,411
25,408
24,712
730
3,635
5,089
-2,771
74,531
.
s
Source: See Table FF0-1.
Note:
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetaiy transactions. Agency shifts
are shown in this table beginning with the period of such shifts;
figures prior to the shifts have been adjusted.
1/ Figures prior to the fiscal 1967 represent expenditures for the Federal
Aviation Agency.
2/
2/
A/
5/
Reported on an accrual basis.'
Includes the U.S. Postal Service.
For content see Table FF0-4.
Includes $861 million estimate for special allowances for pay raises
and contigencies.
r Revised.
*
Less than $500,000.
7
November 1974
.FEDERAL FISCAL OPERATIONS,
Table FFO-4. - Undistributed Intragovernmental Transactions
(In millions of dollars)
Interest credited to certain Government accounts
Federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept.
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
282
353
475
510
611
728
727
742
816
911
978
1 ,0 4 2
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974..........
1975 (Est.)••••••
1,090
1,181
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,847
May......
June......
July.....
Aug......
Sept.....
Fiscal 1975 to
date......... 1
Other
1/
Total
4
4
5
5
6
8
8
9
10
652
15
1,329
1,447
1,661
1,825
2,018
2,444
2,611
2,768
2,927
3,319
2,840
Health, Education, and Welfare Department
Defense
Department
Soldiers '&
Airmen's
Home
Permanent
Fund
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
3
3
3
3
3
3
3
3
3
4
6
582
587
721
894
1,009
1,346
1,617
1,718
1,848
2,039
2,109
65
59
64
83
140
221
324
388
435
479
498
1
17
27
49
866
6
49
14
43
46
875
2
1
5
220
*
8
3
4
6
222
*
8
2
4
1
1
161
3
7
6
7
10
204
2
1
7
1
1
1
30
1
2
2
2
3
33
*
1
2
11
11
4
Other 2/
Total
Grand
Total
1,780
1,917
2,275
2,674
3,099
3,936
4,765
5,089
5,452
6,574
7,140
3,109
3,364
3,936
4,499
5,117
6,380
7,376
7,858
8,378
9,893
9,980
1
1
1
1
1
1
1
1
463
180
245r
257
246
221
306
284
278
283
269
407
78
78
80
I73r
194
184
160
220
197
192
197
-279
142
152
166
188
40
41
41
271
286
309
-
2
5
51
16
236
506
122
865
2
72
72
62
62
60
85
86
85
85
85
85
1973-Sept.....
Oct......
Nov..... .
Dec......
1974-Jan......
Feb...... '
Mar......
Fiscal year
or month
Civil Service
Commission
Interior
Department
Indian
Tribal
Funds
-
1
-
3
Interest credited to certain Government
Transportation Veterans Administration
Department
Government
National
Life
Service
Unemployment Highway
Insurance
Life
Trust Fund
Trust Fund
Fund
Insurance
Fund
Labor
Department
accounts - (Continued)
Civil Service
Commission
Railroad
Civil Service Retirement
Retirement and Board
Disability
Fund
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
8
10
9
7
5
15
10
8
18
5
255
309
380
439
517
601
637
496
487
650
11
8
14
34
53
115
184
206
247
415
34
33
30
32
32
31
31
32
31
31
182
191
198
211
225
245
271
292
309
338
482
546
622
706
805
987
1,232
1,464
1,566
1,838
1975 (Est.)....
20
775
465
31
374
2,031
1973-Sept.....
Oct......
*
*
*
A
-
4
17
21
241
2
40
9
21
27
230
2
42
8
5
9
10
156
1
2
3
8
8
208
*
*
*
15
*
•*
Mr
*
*
15
*
*
*
*
1
*
157
2
6
*
1
*
162
7
7
29
805
3
65
6
-4
32
815
2
6
*
~
52
13
8
Dec......
197^-Jan......
Feb......
Mar......
Apr......
May......
June......
July.....
Aug......
Sept.....
Fiscal 1975 to
rln+,c..... .
-3
-
_
_
1
1
3
8
*
Source:
See Table FFO-2.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974 includes adjustment of interest on public
155
161
170
181
191
215
251
258
262
257
260
Federal
Hospital
Insurance
Trust Fund
_
_
7
46
61
94
138
183
190
198
406
500
-
2
2
2
2
3
5
4
4
5
35
n.a.
3
63
6
-1
3
9
97
1
19
1
2
9
93
1
19
2
565*
526
343'
-2,160
606
195
579
499
353
-2,260
681
295
663
72
23
1,639
Federal
Supplementary
Medical
Insurance
Trust Fund
605r
593
471
595
623
393
621
584
494
600
697
4^2
717
1,906
debt issues to convert to the accrual basis.
* Less than $500,000.
n.a. Not available.
r Revised.
15
21
23
12
17
29
43
77
70
851r
850
717
816
929
677
898
867
763
1,007
967
778
1,026
2,771
00
Table FFO-5. - Budget Outlays by Function
(In millions of dollars)
Fiscal year 1974
Function
Fiscal year 1975
fi
fl
ih
W
/r
li
An
lt
Jn
Jf
dl
xrC
UlXav
Cumulative period
FY
1974
to date
Apr.
May
June
July
Aug.
Sept.
7,129
-439
-4
6,686
7,286
-534
-*
7,661
-417
-1
7,243
6,692
-848
17
5,862
7,361
-451
-5
6,905
7,341
-449
-15
6,877
21,394
-1,748
-2
6,752
9,006
-938
-6
8,062
19,643
18,642
-878
-4
17,760
295
-71
-*
346
-1
342
-4
-2
442
-40
—*
403
-34
-
266
-6
397
1
_*
1,066
-38
-*
806
-16
-*
351
224
345
336
316
-5
312
402
369
260
398
1,027
790
258
-7
233
-2
254
-2
297
-3
280
-2
247
-*
267
-*
731
-*
251
231
252
278
422
25
447
217
_*
246
225
-4
221
216
247
267
730
788
-3
785
507
-4
785
-4
-225
-3
761
-5
142
-4
208
-3
98
-9
316
-3
189
-6
-60
-57
-4
23
-4
-95
-7
2,427
-11
-36r
503
782
-228
756
138
205
89
313
183
-60
-61
19
-102
2,415
506
-84
-1
422
560
-143
548
-124
-*
473
-603
-*
663
-1,207
-*
240
-181
_*
908
-149
_*
608
-180
_*
-130
—544
58
759
620
-122
-1
498
818
-90
424
919
-1,786
2
-865
696
-181
417
644
-2,261
-1
-1,618
514
728
2,134
-393
-1
1,740
1,610
-1,557
-1
53
975
-17
-1
957
1,346
-14
-71
1,261
932
-18
-2
912
1,076
-12
1,064
949
-25
-38
886
384
-18
-2
765
-16
-8
1,116
-17
-*
1,574
1,099
2,281
-21
-2
2,257
1,188
-24
-1
741
898
-19
-3
875
1,620
-29
-17
363
763
-14
-3
746
1,163
4,585
-62
-3
4,519
4,198
-45
-2
4,151
712
-*
462
-*
36
-*
316
-*
332
198
-*
264
-*
373
_*
773
_*
820
-*
36
316
331
198
263
373
693
773
819
2,287
-1
2,286
2,402
-*
461
458
-6
452
694
-*
712
352
352
663
-2
956
-*
-X
985
-2
983
933
-*
932
925
-*
925
662
662
1,271
-2
1,270
855
-1
_*
955
619
-*
619
1,038
-2
-*
661
807
-2
805
926
-*
925
838
-1
837
2,618
-2
2,616
2,395
-3
2,392
Dec.
Jan.
Feb.
Mar.
7,137
-236
-■*
6,479
-400
-1
7,113
-318
-2
6,804
-295
*
6,900
6,079
6,793
6,509
278
-2
-*
238
-20
_•*
377
-27
-*
205
296
-14
282
276
219
246
-1
245r
255
-7
249
246
-*
Proprietary receipts from the public...
-32
-3
Total agriculture and rural development
Sept.
Oct.
Nov.
6,870
-267
5
6,607
National Defense
Proprietary receipts from the public...
Total national defense..... .......
6,603
-403
-8
6,192r
International affairs and fincance
Proprietary receipts from the public...
Intrabudgetary transactions.........
Total international affairs and finance
208
-3
Space research and technology
Proprietary receipts from the public...
Total space research and technology....
*50
H
O
M
Agriculture and rural development
CO
o
National resources
Proprietary receipts from the publ_c...
Total natural resources............
Commerce and transportation
Proprietary receipts from the public...
Intrabudgetary transactions.........
Total commerce and transportation....
428
0
w
»
21
1
CO
HH
Community development and housing
proprietary receipts from the public...
Total community development and housing
2,402
Education and manpower
Proprietary receipts from the public...
Intrabudgetary transactions.........
Total education and manpower........
1,036
854
1
Si
si
I1
I
§•
Table FFO-5. - Budget Outlays by Function—Continued
(In millions of dollars)
Fiscal year 1974
Fiscal year 1975
Function
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
2,078
-1
-158
l,920r
982
-1
-174
807
1,911
2,697
-650
2,047
2,038
-1
-172
1,866
1,957
-169
1,742
2,017
-2
-183
1,832
-167
1,789
1,934
-1
-165
1,768
2,243
6,180
-1
-1
6,179r
7,235
6,632
6,984
7,523
7,740
8,776
-3
7,737
-932
7,113
-2
7,520
7,668
-1
-92
6,632
-497
6,487
7,114
-*
-1
7,233
7,258
-*
-23
7,235
7,844
1,099
-41
*
1,232
-39
1,175
-32
1,249
-44
-*
1,133
-44
1,234
-40
1,203
-38
-*
Total veterans benefits and services....
1,005
-35
-1
970
1,058
1,194
1,143
1,204
1,088
1,194
Interest
Outlays.........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
2,421
-1
-25
2,420
2,406
67
-7
-*
2,395
2,401
2,490
-177
-84
-60
2,169
2,540
-16
-170
Total interest ...................
2,482
-14
-333
-1
2,135
2,353
2,466
2,522
-1
-7
-5
2,508
495
8
-23
479
479
-27
-14
438
543
-35
-11
498
668
5
-37
636
561
-21
-20
520
16
16
1,495
_*
1,495
29
29
-*
_*
1,532
1,532
1
1
851r
-850
-717
-816
-929
-677
-898
22,099
19,686
23,671
21,030
22,905
Comparable
Cumulative period
to date
FY 1974
May
June
July
Aug.
Sept.
2,424
-*
-181
2,276
-1
-175
2,100
2,228
-184
2,044
2,219
-*
-234
1,984
2,211
-1
-177
2,034
6,657
-1
-594
6,062
5,845
-1
-493
5,352
8,019
7,944
7,990
7,575
-2
8,017
-3
7,941
-1
7,989
23,953
-1
-5
23,946
18,618
-1
5
18,622
1,224
-44
1,055
-38
1,300
-42
1,274
-38
-*
1,184
-36
-*
3,758
-117
-*
3,242
-117
-1
1,165
1,180
1,017
1,258
1,236
1,147
3,641
3,124
2,479
-14
-10
-1
2,560
-10
-167
-75
2,308
2,706
-6
-165
-11
2,525
2,677
-1
-199
2,733
-*
-10
-*
8,115
-7
-374
-11
2,455
2,531
-6
-8
-1
2,516
2,477
2,721
7,723
7,116
-3
-322
-3
6,788
567
-48
-20
499
574
8
3
586
520
-12
-10
498
3,064
-10
-2,400
786
-47
-12
727
758
-15
-12
731
2,052
-95
-33
1,924
1,805
-48
-30
655
508
-33
-9
466
*
*
1,540
1,540
1
1
_*
_*
1,538
1,538
*
*
6,211
-6,205
7
7,750
6,205
1,545
7,563
6,055
1,508
-867
-763
-1,007
-967
-778
-1,026
-2,771
-2,373
22,273
23,981
24,172
24,411
25,408
24,712
74,531
65,497
Health
Proprietary receipts from the public....
Intrabudgetary transactions .........
Income security
Proprietary receipts from the public....
Intrabudgetray transactions .........
Total income security..............
General government
Outlays ........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total general government............
General Revenue Sharing
Expenditures ....................
Proprietary receipts from the public....
Undistributed^htragpvernmental.trangactiong
Net budget outlays..................
701
-11
-9
681r
20,670r
23,092
-1
-7
-10
Source:
Monthly Statement of Receipts and Outlays of the United States Government.
* Less than $500,000.
r Revised.
1,727
.FEDERAL FISCAL OPERATIONS*
Veterans benefits and services
Outlays ........................ .
Proprietary receipts fron the public....
-1
Treasury Bulletin
F F.nF.RAT. F I S C A L O P E R A T I O N S
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Housing and Urban Development Department
Health, Education and Welfare Department
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974 .........
1975 (Est.).....
458
-858
"3,^1
1,584
2,898
3,953
1,274
1,827
2,298
2,217
1,091
-263
-413
296
591
1,121
1,342
1,263
934
792
391
87
_
786
497
87
590
693
377
-146
1,338
3,642
2,309
479
-197
77
-345
244
221
222
531
214
1973-Sept.......
Oct........
Nov.........
Dec........
1974-Jan........
Feb........
Mar........
-1,051
25
-563
655
-633
1,522
-124
273
-83
551
50
-10
-178
213
-61
86
99
4
-11
221
484
265
-58
930
226
65
375
327
194
249
7
114
40
33
55
-26
50
12
19
28
-647
1,325
-252
-68
4
-13
13
181
304
426
-78
498
Fiscal year
May........
Fiscal 1975 to
Treasury
Department
Fiscal year
or month
Airport
Highway
Airway
Trust Fund
Trust Fund
1973-Sept.......
Oct.......
Nov........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May........
July........
Aug........
Sept........
Fiscal 1975 to
date...........
_
48
15
21
-8
10
20
37
-13
48
22
-37
16
45
*
2
-1
-1
-1
-*
-1
2
_*
-1
*
-*
5
158
-
91
24
5
-
-
_
-
208
204
212
265
283
173
196
148
257
378
344
-3
-2
27
1
_*
-3
-4
-2
26
-3
-2
-5
-85
-31
-93
639
59
-15
-97
-58
-53
3,198
-118
-15
-136
-3
-216
64
*
68
275
2
-2
5
-56
11
101
-59
*
39
61
31
13
81
6
15
43
17
17
69
7
-9
-269
53
93
82
75
79
71
114
-39
176
272
116
-13
-15
-4
141
-9
-4
-15
-18
-9
137
*
-8
-21
69
73
67
65
58
95
76
78
79
199
21
234
11
232
295
-45
233
482
56
412
Not available,
Federal
Federal
Savings
Deposit
and Loan
Insurance Insurance
Corpora Corpora
tion
tion
180
227
238
258
313
328
180
438
537
225
565
n.a.
15
-52
125
-103
-28
33
9
4
-85
-434
32
13
10
Civil
Service
Commission
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123
3,337
3,669
2,982
1,4 2 0
n.a.
22
107
29
-*
*
*
*
1
-3
*
29
*
2
-3
-1
55
34
2
* _
6
40
-70
122
29
14
20
29
26
30
32
n.a.
Source: See Table FFO-2.
* Less than $500,000.
r Revised.
-161
-19
-9
-7
-8
-8
-6
-8
-4
1
-8
Other
126
204
-109
224
5
86
83
62
272
178
214
878
25
50
62
470
465
-369
197
-202
299
184
238
National
Service
■Life In
surance
Fund
-59
388
723
-589
-747
-5
1,380
1,201
353
-566
-
Government National
Mortgage Assn.
Partici
pation
Other
Sales
Fund
-194
-129
45
135
165
131
128
109
31
63
124
*
*
*
*
*
-1
_
_*
*
n.a.
-
-344
-28
484
257
534
1,089
1,033
822
1,094
2,049
_
_
_
_
_
_
_
_
_
Veterans
Adminis tration
Transportation
Department
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974 .........
1975 (Est.)......
Federal
Housing
Other Adminis
tration
-30
Federal
Insurance
Adminis
tration
Labor Department
'Unemploy
Other ment Trust
iFund
Other
-17
14
-8
-10
-3
_
2
5
9
15
1
967
1,468
1,156
1,146
938
488
-1,747
-1,428
1,144
1,165
*
*
*
*
*
*
-*
_•*
_*
-4 1 0
n.a.
3
-2
2
-
1
1
2
1
1
1
2
1
1
2
16
-15
1
-252
-227
510
-93
-526
268
-639
-425
1,714
-72
-269
945
-508
_
-
2
2
168
-
3
-3
32
28
14
1
6
5
n.a.
_
-
_
-
Railroad
Retire
ment
Board
All
Other
149
154
173
135
59
268
-9
-110
24
-60
16
*
32
51
-21
-204
237
-145
26
67
110
104
-3
-2
3
11
-186
-172
-16
-55
-306
288
-212
-156
-7
-46
-111
-11
-64
-212
962
-28
209
928
-231
906
Postal
Service
_
-
-
1,370
-280
-292
-200
-108
-113
-545
-211
_
_
-
Total
2,330
3,244
9,035
5,320
8,522
10,062
7,417
8,4 2 0
11,821
14,813
9,123
'
-929
-328
-369
2,558
-203
43
-273
9
10
6
4
8
46
2
8
1
-929
2,647
-103
-58
2,736
4,299
-660
4,108
-1,061
-434
10
2,387
Table FFO-7. - Trust Funds Transactions July 1, 1973 through September 30, 1974
(in millions of dollars)
Outlays
Receipts
Interfund transactions
Classification
Trust
interfund
Total in and pro Receipts Interfund
trans
trust
prietary of trust actions
funds
receipts funds
2/
2/
(2)
Unified
budget
receipts
attrib
utable
to trust
funds
2/
Total in
trust
funds
Trust
inter
fund
trans
actions
(6)
Propri
etary
receipts
from the
public
(8)
Outlays
of trust
funds
Federal
payments
and con
tribu
tions
Federal
employer
contri
butions
Interest
and pro
fits on
invest
ments in
Federal
securities
13,836
248
13,588
13,519
13,519
(ID
176
(12)
72
1,787
35
1,752
1,849
1,849
24
2,917
2,917
47
2,870
2,381
2,381
36
Federal Supplementary Medical
Insurance...............
1,066
1,066
598
468
915
915
Federal Employees Retirement.
1,353
1,348
701
647
1,637
1,632
-109
-109
(i)
Federal Old-Age and Survivors
Insurance...............
13,836
Federal Disability Insurance.
1,787
Federal Hospital Insurance...
(3)
(4)
(5)
Federal Employees Life and
Health Benefits.........
(7)
(9)
(10)
594
629
Other
Total
A/
(13)
(14)
Unified
budget
outlays
attrib
utable
to
trust
funds
VO
^1
Excess of
receipts
or outlays
(-)
248
13,271
(16)
318
11
35
1,814
-62
11
47
2,334
535
4
598
317
151
72
701
932
-284
-109
109
d5)
2
GO
Federal Deposit Insurance
Corporation..........
-50
-50
-50
50
Airport and Airwray........
233
233
233
129
129
129
104
General Revenue Sharing....
6,205
6,205
6,205
1,545
1,545
1,545
4,660
Highway................
1,654
1,654
1,641
1,134
1,134
1,121
520
Indian Tribal Funds.......
44
44
-44
44
HH
1,133
1,133
i
13
44
-44
1,133
-591
13
13
-591
591
Railroad Retirement.......
292
292
17
275
722
722
17
17
705
-430
Unemployment.............
1,895
1,895
52
1,843
1,730
1,730
52
52
1,678
165
9
-56
56
Military Assistance Advances.
542
Veterans Life Insurance....
125
116
9
All other trust..........
-5
34
-39
-49
32,535
1,332
31,203
1,671
Total.
3
%
GO
69
116
-47
8
10
252
34
218
-54
-49
267
-257
29,532
26,264
1,327
24,932
206
1,671
23,262
6,271
Source: Based on Monthly Statement of Receipts and Outlays of the U.S. 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 Intragovernmental transactions are payments from Federal funds to trust
funds, and vice-versa, but excludes trust fund payments of $152 millic.i to Federal Funds,
l/ For content see columns (7) and (8).
O
594
865
2/ For content see columns (10-13)
2/ Includes net taxes and other receipts, mainly deposits by States and Federal
employee retirement contributions.
A/ Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
12
Treasury Bulletin
______ FEDERAL FISCAL OPERATIONS*— —
Table FFO-9. - Detail of Excise Tax Receipts
(In thousands of dollars)
Fiscal Year
Type of Tax
Fourth Quarter of
Fiscal Year
1972 1/
1973 1/
1974 1/
3,760,915
181,223
1,167,863
5,110,001
3,755,516
191,025r
l,202,973r
5,149,513
3,918,971
173,515
1,265,990
5,358,477
1,089,189
48,731
368,904
1,506,824
1,040,035
42,897
354,126
1,437,058
54,173
2,151,158
1,942
2,207,273
53,794
2,221,019
2,137
2,276,951
51,581
2,383,038
2,387
2,437,005
14,616
828,648
696
843,959
14,162
585,906
643
600,711
259
44
287
6
109
3,741,160
95,474
681,320
563,223
497,138
94,099
3,927,535
103,094
814,042
-83,241
461,353
107,489
4,087,669
105,723
827,256
6,049
519,699
120,604
935,981
25,546
207,478
-3,476
145,959
29,886
899,519
24,967
187,396
1,567
142,817
31,036
8
1
231
8,332
-5
_
*
15,539
-66
1
23,402
18,066
-24
5,395,750
-
1
231
_
1973 1/
(Apr.-June 1973)
1974 1/
(Apr.-June 1974)
Alcohol taxes: 2/
Tobacco taxes: 2/
Manufacturers' excise taxes:
Trucks and buses, chassis, bodies, etc, j>/ 6/........
Parts and accessories for automobiles, trucks, etc. 7/..
Radio and television sets, phonographs, components, etc.
-
Refrigerators, freezers, air-conditioners, etc. 2/....
Electric, gas, and oil appliances 8/...............
-41
7,563
-37
-25
-2
13,023
Sporting goods (other than fishing rods, creels, etc.) 8/
-
-17
}
23,641
12,130
5,728,657
Retailers' excise taxes:
Noncoinmercial aviation gasoline 12/...... .... .....
Noncommercial aviation fuel other than gasoline 1^/...
*
6
8,838
19,381
298,608
326,833
4
9
26
*
10,246
23,613r
334,473
368,372r
Miscellaneous excise taxes:
Admissions to cabarets, roofs gardens, ect. 11/......
Telephone and teletypewriter exchange service 17/.....
Transportation of:
Persone by air 18/............................
-
*
-
18,259
26,891
20,863
•*
5,742,154
*
*
-2
2
10,877
31,955
373,414
416,244
-
2,311
-5
-
6,151
5,630
4,793
1,360,489
2
9
26
*
2,145
6,949r
84,073
93,204r
_
-
2,756
_
_
-
6,474
7,340
6,564
1,310,435
2
2,427
6,404
90,104
98,937
-18
-81
-37
1,650,499
-120
-29
-60
1,885,228
-36
-17
2
1,892,731
1
-18
4
512,390
-1
-5
*
347,176
515,269
29,455
42,271
115,752
579.167
37,214
44,548
2
113,616
659,177
41,931
56,908
37
120,006
138,074
10,163
10,909
30,937
161,168
11,054
10,994
28,070
466
257
188
46
54
19
14,847
348
4,315
20,375
2
7,286
376
5,553
19,293
1
6,571
107
6,451
20,786
157,279
188,517
198,462
57,581
35,651
4
161
71,885
15,725
12
179
68,965
14,650
3
232
63,328
16,914
2
84
14,507
3,963
1
102
2,621
5,157
-
Narcotics and marihuana, including occupational taxes
22/.........................................
Coin-operated amusement devices - bowling alleys, pool
-
40
9,100
*
1,156
152
1,751
3,971r
¥■
1,174
36
2,169
4,180
Use tax on highway motor vehicles having a "taxable
Adulterated butter and filled cheese (imported and
domestic), process or renovated butter and imported
Footnotes at end of table.
November 1974
13
FEDERAL FISCAL OPERATIONS^....
Table FFO-9. - Detail of Excise Tax Receipts—Continued
(In thousands of dollars)
Fourth Quarter of Fiscal Year
Fiscal Year
Type of Tax
Miscellaneous excise taxes - (continued):
Private foundations:
Net investment income 26/. .....................
Self dealing 27/............................
Excess business holding 28/. ....................
Taxable expenditures 29/......... .............
Failure to file certain information returns 20/....
Assessable penalties with respect to annual reports 31/
Failure to distribute income 32/................
Investments which jeopardize charitable purposes 21/
Assessable penalties liability under chapt. 42
Total miscellaneous excise taxes.................
Total received with returns and from sales of stamps...
Total excise taxes................ .............
1972 1/
1973 1/
1974 1/
76,617
78
13
56,045
45
51
7
16,067,705
779,330
16,847,036
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 January 1,
1966, (Public Law 89-44).
4/
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.
7/ 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).
9/ 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 tax 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 January 1,
1966, (Public Law 89-44).
11/ Firearms and shells and cartridges previously reported as combined
item.
12/ Under the Airport and Airway Revenue Act of 1970, effective July
1, 1970, rate 3 cents per gallon.
13/ Under the Airport and Airway Revenue Act of 1970, effective July
1, 1970, rate 7 cents per gallon.
69,802
2?9
3
52,711
38
2
1
25
27
77
8
8
102
2
3,154,037
838,537
654,366
4,101,616
145,927
4,247,542
17,108,205
340,181
1,648
4,643,019
-334,948
16,572,318
17,109,853
4,308,071
19/
20/
21/
22/
22/
24 /
25/
26/
27/
28/
29/
30/
31/
32/
33/
*
8
8
46
*
160
16,232,137
18/
44,533
89
3
1
3,041,507
14/
15/
16/
17/
1974 1/
(Apr.- June 1974)
34
94
16
2,694,682
1973 1/
(Apr.- June 1973)
Excludes diesel fuel not for use in highway vehicles.
Repealed effective noon December 31, 1965, (Public Law 89-44).
Repealed effective January 1, 1966, (Public Law 89-44).
Rate pf 9 percent effective January 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 perofent.
Under the Airport and Airway Revenue Act of 1970, effective July
1, 1970, tax of $3.00 per person.
Repealed effective July 1, 1965 (Public Law 89-44).
Repealed effective August 31, 1963.
Repealed 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. Ey Executive Order,
effective rate of zero after January 29, 1974.
4 percent.
Disqualified person, 5 percent, foundation managers (if applicable)
lesser of $5,000 or 2j percent of the amount involved.
5 percent.
Foundation 10 percent, foundation managers (if applicable) lesser
of $5,000 or 2^ percent of the amount involved.
Penalty of $10 per day, not to exceed $5,000.
$10 per day, up to a maximum of $5,000.
Nonoperating foundations failing to distribute income in year re
ceived or following year taxed 15% (100% after 90 days if not cor
rected) Code Sec. 4942.
*
An initial tax of 5% i’ltposed on investment which jeopardizes found
ation's exempt purpose (Code Sec. 4944), 5% (not to exceed $5,000)
on managers (if applicable) or second level tax of 25% (5% on man
agers) if jeopardy situation contxnues.
Less tan $500.
Treasury Bulletin
14
.FEDERAL OBLIGATIONS,
"Obligations" are the basis on which the use of funds
is controlled in the Federal Government.
They are recorded
of categories which sure based upon the nature of the trans
action without regard to its ultimate purpose.
All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example,
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order,
in current operations or in the construction of capital items.
delivery,
payment,
consumption— which
characterize the acquisition and use of resources.
are reported as per
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
another; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements.
In Table
FO-1, obligations that axe incurred within the Government are
The obligational stage of Government transactions is a
strategic point in gauging the impact of the Government's
distinguished from those incurred outside the Government.
Tables FO-2, 3, and k show only those incurred outside.
operations on the national economy, since it frequently rep
resents
for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
Obligation data for the administrative budget fund ac
counts were first published in the September 1 9 6 7 Treasury
Bulletin and the trust fund accounts were first published in
the October 1 9 6 7 Bulletin.
Beginning with the April 19 6 8
Bulletin, the data are on the basis of the budget concepts
itself usually causes immediate pressure on the
private
adopted pursuant to the recommendations of the President’s
economy.
Obligations are classified according to a uniform set
Commission on Budget Concepts.
15
November 1974
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred W ithin and Outside the Federal Government by
Object Class, August 31, 1974 1/
(In millions of dollars)
Gross obligations incurred
Object class
Outside
Within
Total
Personal services and benefits
Personnel compensation.....
Personnel benefits.........
Benefits for former personnel.
7,554
567
1,120
Contractual services and supplies
Travel and transportation of persons.
Transportation of things.........
Rent, communications, and utilities..
Printing and reproduction.........
Other services........... .'.....
Supplies and materials...........
302
343
430
233
6,391
3,902
85
305
298
188
2,662
1,657
9,053
5,559
Acquisition of capital assets
Equipment..............
Lands and structures.....
Investments and loans.....
2,192
755
3,270
1,103
93
42
3,295
847
3,312
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends...........
Refunds.......................
423
9,729
3,917
228
1,830
7,062
9,729
5,747
228
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
-121
1,221
14
167
-22
1,388
14
48,686
9,563
58,249
Gross obligations incurred l/.
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ See Table F0-4.
2/ 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
7,554
1,178
1,120
387
648
728
420
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.
58,249
10,737
4,457
43,055
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
1/
and Major Object Class, August 31, 1974
_________________ (In millions of dollars)____________________________________________
Major object class
Major function
National defense..................
Personal
services
and
benefits
Contractual
services and
supplies
6,646
Acquisition of capital assets
Grants
and
fixed
charges
Other
Total
Equipment
Lands and
structures
9,080
2,046
356
-
69
1,170
19,367
Investments
and loans
International affairs and finance...
58
28
*
1
814
143
54
1,098
Space research and technology.......
91
430
5
7
x
-
-
533
801
431
-91
1,408
5
525
-2
1,886
Agriculture and rural development...
150
116
2
*
Natural resources.................
438
619
65
236
Commerce and transportation...........
424
158
21
5
102
671
-30
1,350
Community development and housing...
53
50
*
129
1,449
465
-
2,146
1,382
Education and manpower.............
69
31
1
*
2
1,278
*
Health...........................
78
291
1
*
*
1,946
*
2,318
Income security...................
291
260
1
1
-
7,683
-
8,237
Veterans benefits and services......
453
147
25
12
96
1,790
15
2,537
Interest.........................
-
-
-
-
-
3,807
-
3,807
General government................
488
390
24
8
1
1,706
1
2,618
9,241
11,601
2,192
755
3,270
20,513
1,115
48,686
Total...........................
1/ See Table FO-4.
*
Less than $500,000.
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, August 31, 1974 1/
(In millions of dollars)
Personal services & benefits
Classification
Legislative Branch 2/.............
The Judiciary....................
Executive Office of the President...
Funds appropriated to the President:
International security assistance.
International development assistance
Other......................
Agriculture Department:
Commodity Credit Corporation..
Other......................
Commerce Department...........
Defense Department:
Military:
Department of the Army....
Department of the Navy....
Department of the Air Force.
Defense agencies..........
Civil defense.............
Total military............
Civil......................
Health, Education, and Welfare
Department.................
Housing and Urban Development
Department:
Government National Mortgage
Association..............
Other....................
• interior Department...........
Justice Department............
Labor Department..............
State Department..............
Transportation Department.....
Treasury Department:
interest on the public debt...
interest on refunds, etc.....
General revenue sharing..... .
Other......................
Atomic Energy Commission......
Environmental Protection Agency..
General Services Administration..
National Aeronautics and Space
Administration................
Veterans Administration........
Other Independent agencies:
Small Business Administration.,
Tennessee Valley Authority...
Other...................... .
Benefits
Personnel Personnel for
benefits former
compen
sation
personnel
3/
5
Total Off-budget Federal
agencies............ ...
-
-
Travel and
Rent, com Printing
Transpor
trans
munications , and
repro
portation tation of and
things
duction
of persons
utilities
*
*
*
-
“
-
-
29
*
-
-
-
-
-
-
“
.-
-
6
3
7
1
*
#
1
12
69
_
*
#
«
-
5
«
1.478
1,781
1,642
162
207
188
1
100
89
109
18 1
2
_
968
67
36
7
*
5,084
556
971
100
-
*
270
-
*
45
171
-
*
2
8
3
*
11
5
-
-
-
33
-
-
68
814
115
-
-
-
-
3
-
939
_
14
89
2,311
«
4,153
.
*
6 .5 16
1 8 ,6 7 1
*
-
340
-
-
7,761
*
*
1
68
*
-
79
12
_
_
_
-73
_
36
7
4
7
*
722
6
1,042
46
5
-
47
-
131
*
-1
-17
16
38
3
1
1
1
1
1
5
.
720
422
265
802
7 66
1 ,0 5 1
932
775
*
*
113
73
44
#
-
217
2,214
1,533
133
3
4,603
3,044
1,9 8 2
3
*
44
16
17
1
208
10
2
10
1
1
4
*
*
*
209
287
285
3
1
9
1
«
12
-
-
_
2
209
76
-
*
1
1
73
64
71
77
*
5
*
.
109
36
41
267
-
10
92
*
16
7
2
1
2
*
5
4
4
10
-
-
-
-
_
_
267
27
28
-
11
1
2
1
1
1
44
_
*
*
*
*
_
91
450
12
60
82
1,2 0 3
*
1,2 0 3
*
9
1
1
15
2
1
-
-
30
11
2
1
7
*
*
*
-
2
*
2
1
*
1,0 2 8
6,214
334
177
#
7
*
*
-
741
123
595
556
9
*
77
9
3
3
47
52
5
*
9
*
-
-
_
_
3
124
#
.
-
1,538
34
-
1
1
55
193
19
*
*
*
*
19
-
5
1
2
6
*
*
567
1,120
302
343
430
..233
-
3
2
105
42
1
-
-
*
-
-
-
-
-
3
2
105
42
1
16
407
48
-
9
79
5
25
4
1,3 0 0
6
-8
-
-1
#
1
-44
-
3,768
lm
w
-
-
1
*
-
-
-
735
551
153
1,432
225
37
-
"
966
-
-
3,768
_
*
_
1,5 3 8
380
-
-
-
-
-
“
-
324
7
_
*
*
_
_
_
_
_
12
96
387
1,403
“
-
-
14
-
533
2,533
96
-
_
_
*
*
48
13
322
1
1
6,391
JL22?
Source:
Reports on Obligations, Standard forms 225, from agencies.
Note:
Agency shifts are shown in this table beginning with the period of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ See Table FO-4
2/ For purpose of this report this object class is considered as totally within the Federal Government except
1 ,1 6 8
5,536
2,451
15
337
-
*
RE:p o r t not fRECEIVED
20
16
724
54
386
4
_
168
*
*
*
351
3
3
24
-
1
12
-
11
1
-
11
5
198
6
-
3
43
*
*
40
_
1
1
15
8
3
7
-
*
*
14
412
*
*
8
1,253
128
*
-
164
*
-
-
6
6
2
-
-
14
*
_
*
_
232
10
12
3
.
4
36
13
#
23
-
4
8
1
5
*
*
10
-
*
-*
*
*
_
«
36
*
gross
obliga
tions
incurred
-
*
«
Obliga
Un
tions in vouch
curred
ered
abroad
«
«
1
Insurance Interest
Undistrib
claims
Refunds uted U.S.
and
and indem dividends
obliga
nities
tions
-
*
1
-
Grants,
subsidies,
and con
tributions
-
21
-
Invest
ments
and
loans
-
•
-
Qrants and fixed charges
*
1
-
*
1
*
5
«
*
Lands
Equip and
struc
ment
tures
#
1
266
3
Other
ser
vices
Sup
plies
and
mate
rials
REPORTS NOT RECEIVED
*
.*
*
1
Total.................. .
Off-budget Federal agencies: 2/
Export-Import Bank of U.S....
Postal Service..............
Rural Electrification Administration
revolving funds......... .
*
24
Acquisition of
capital assets
Contractual services and supplies
2,192 --ZS5_
-
_
_
6
*
96
1,519
3,270
28
-
-
3
-
-
-
154
-
-
20
8
28
154
-
3
_
_
619
381
112
550
-
-
13
“
2,151
-121
1,221
14
48.686
-
-
-
“
1,440
*
-
-
“
“
154
9
-
-
-
-
1,594
45
-1
228
9
27
15
9,729
8
-
for the Department of Defense and Transportation Department, U.S. Coast Guard.
3/ Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
4/ 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.
1
I5
I
8
*
Table FO-4. - Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Months 1/
__________________________________ (In millions of dollars)__________
Fiscal year 1974
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,communications, and utilities...
Printing and reproduction.........
Other services.................
Supplies and materials...........
Acquisition of capital assets:
Equipment.....................
Lands and structures.............
Investments and loans............ .
Grants and fixed charges:
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends...........
Refunds.......................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
Total national defense.
Non^defense:
Personal services and benefits:
Personnel compensation.....
Personnel benefits............
Benefits for former personnel.
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things.........
Rent, communications, and utilities..
Printing and reproduction.........
Other services.................
Supplies and materials...........
Acquisition of capital assets:
Equipment....... ........
Lands and structures......
Investments and loans......
Grants and fixed charges:
Grants, subsidies, and contributions.,
Insurance claims and indemities....
Interest and dividends........... .
Refunds....................... 1
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
Tf
*
p
r
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
2,407
2,028
413
405
2,251
278
2,291
260
1,777
237
412
418
416
2,816
377
441
1,656
153
445
2,119
218
441
76
127
43
52
143
46
72
109
42
108
85
4
790
1,144
111
427
91
115
117
101
6
102
2,389
257
454
488
88
165
121
10
93
9
1,124
1,187
11
121
10
1,050
1,495
1,297
1,509
1,050
12
1 ,8 1 8
1,428
2,341
859
158
-
1,058
199
-
508
127
-
1,365
373
“
2
18
-6
2
4
3
22
-1
388
953
1,668
132
1,344
76
-
952
151
-
276
-
2
6
6
2
6
6
3
9
3
11
8
9
4
6
12
5
5
4
4
-*
571
*
*
540
*
_*
585
*
505
*
437
*
182
7,909
6,928
9,558
7,434
1,147
4
16
1,180
1,154
6
2
16
720
42
25
70
23
721
292
45
45
19
72
25
660
265
53
151
445
1,472
1,242
1,582
129
-
1,130
59
-
109
6
5
7
6
10
3
7
1
5
4
7
-16
_*
*
-7
879
*
_*
6'79
*
81
343
*
6,154
8,665
6,898
7,213
7,917
1,113
5
45
1,208
1,123
1,205
1,210
1,283
6
6
88
2
6
25
9
36
86
53
30
72
14
676
345
11
1 ,1 2 0
308
*7
13
79
26
765
273
39
15
72
32
772
203
58
33
73
34
691
34
142
1,274
89
378
351
55
247
599
51
81
680
45
149
1,335
85
70
255
1,666
770
3,405
7,064
1,749
43
3,226
6,885
1,806
266
4,100
6,881
1,833
33
2,419
6,898
1,777
108
4,370
6,961
1,894
42
4,920
7,256
2,010
117
4,351
7,635
1,638
71
4,957
8,735
2,029
165
-167
55
7
887
84
6
12
45
7
73
52
7
601
40
36
408
54
-22
-475
100
4
Total non-defense.
15,146
16,888
16,791
14,612
17,127
19,056
Grand total.
23,056
23,816
26,348
22,046
23,282
27,720
Excludes Agency for International Development.
Less than $500,000.
Preliminary,
Revised.
2,529
278
84
850
35
22
278
483
240 '
122
1,467
8
4,357
681
455
2,589
451
2,273
73
11
28
Aug.
12
101
6
1,228
1,033
-8
July
54
10
8
June p
100
2,569
1,251
3
May
162
1,246
881
11
1 ,632
Apr.
36
16
74
5
153
4
*
6,871
100
124
4
96
115
150r
9r
2,484r
l,735r
948
147
~
196
234
254
209
2,534
1,312
1,098
2,046
210
356
“
146
22
3,801
2,834
1,577
185
-
5
12
10
6
2
30
13
5
38
16
15
13
63
-2 ,2 4 6
*
639
*
-*
531
*
-*
1,170
*
-*
1,154
9,712
9,700r
9,667
19,367
16,419
2 ,0 5 8
1,159r
5
83
1,284
5
65
2,436
2,258
51
17
61
58
45
89
23
878
294
1,705
633
39r
37r
73r
7
602r
552r
65
1,656
145
234
1,554
137
329
2,056
60r
205r
l,774r
3,191
8,548
1,787
103
-1
82
5
6,887
8,221
1,653
783
11
47
5
5,131
8,360
1,715
166
-60
28
5
-697
129
7
4,207r
l,986r
2,044**
79r
-72r
40
7
18,025
19,906
20,179
17,650
25,976
24,923
27,119
28,096
24,520
35,689
220
212
289
296
218
5,018
3,047
7
40
27
97
27
954
419
322
4,930
367
813
8
2
8
40
468
5,118
556
972
7
74
587
5
24
836
648
115
174
Comparable
Cumulative period
to date
FT 1974
5
1,858
60
13
111
28
8
771
300
1
11
9
148
141
91
54
134
15
1,372
855
84
58
148
76
1,397
827
86
146
n/
197
1,497
398
3,270
361
999
2,421
7,729
1,868
111
6,627
9,715
3,912
191
9 ,5 1 3
13,421
-48
11
7
-120
51
14
-3,011
101
13
12,887r
16,442
29,319
30,079
22,587r
26,109
48,686
46,498
3,482
86
Treasury Bulletin
18
.ACCOUNT OP THE U.S. T R EASU RY
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury’s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
loan accounts with thousands of commercial banks throughout
The tax and loan account system permits the Treasury to
leave funds in banks and in the communities in which they arise
the country.
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay
effect of its fluctuating operations on bank reserves and the
ments and funds for tin purchase of Government securities.
economy.
In this way the Treasury is able to neutralize the
A detailed description of the Treasury’s depositary system
In most cases the transaction involves merely the transfer of
money from a customer’s account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U#S. Treasury
Treasuiy operating balance
End of
fiscal year
or month
Available funds in
demand accounts at:
Federal
Reserve
Banks
Special
depositariesj
Treasuiy Tax
and Loan
Accounts
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1972-Deo..........
672
766
1,311
1,074
1,258
1,005
1,274
2,344
4,038
2,919
1,856
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
8,907
1973-Oct..........
Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
1,839
1,945
2,543
2,844
2,017
1,372
2,814
3,134
2,919
July.........
Aug..........
Sept.........
Oct..........
3,823
3,304
3 ,211 r
789
3,781
2 ,6 6 6
7,760
7,628
5,579
6,915
8,576
3,226
6,152
2,543
2,049
5,384r
1 ,3 8 1
Other
deposi
taries 2/
y
(In millions of dollars)
Funds m process
of collection
through:
Total
Federal
Reserve
Barjcs
Other
deposi
taries 2'
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
9,159
11,073
233
370
577
352
393
355
419
252
243
276
121
179
117
135
104
71
70
70
69
69
69
89
5,691
4,681
10,374
10,542
7,665
8,355
88
88
6,448
9,159
185
150
89
235
203
183
733
128
276
69
57
64
137
69
106
193
73
135
88
6,455
5,443
8,687
2,241
-
139
106
88
310
91
92
71
11,480
141
102
263
124
Source: Bureau of Government Financial Operations.
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.
-
43
64
101
59
Time deposits
and other
depositary
accounts
Coin,
currency,
and coinage
metal
320
252
266
190
158
218
187
54
41
19
37
534
775
1,159
768
553
277
441
471
586
602
570
23
24
27
50
42
41
38
34
19
33
26
33
79
582
536
531
548
528
661
611
620
602
588
613
625
604
Miscel
laneous
items
Gold
Balance
V
108
102
112
111
112
111
55
93
62
86
104
121
108
129
70
54
90
65
53
80
78
33
125
53
92
54
37
20
61
43
1
109
107
107
106
107
107
107
107
107
107
107
106
106
106
106
106
106
106
Balance in
account of
the U.S.
Treasury
12,610
12,407
7,759
6,694
7,104
9,016
9,911
11,310
13,741
10,352
12,102
6,722
5,608
11,273
11,696
8,646
9,579
13,213
7,502
10,352
7,403
6,373
9,877
3,256
2/ Represents funds in process of collection by (a) the U.S. Treasury
and (b) comme'rcial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included .in
Miscellaneous items column.
4 / The free gold balance can be readily converted to available funds with
Federal Reserve banks.
r Revised.
November 1974
19
ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities i/
Fiscal year
or month
Retire
Savings ment
bonds
plan and
and
tax and
savings loss
notes 2/
bonds 2/
Taxes
Tax
antici
pation
securities
Other
Witheld,
excise
and cor
poration y
IXiring period
Income (by
special
arrange
ment) 5/
Total
Credits
With
drawals
End of
period
High
Low
Average
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
2,635
2,704
2,783
2,673
2,599
2,573
2,844
3,309
3,261
3,095
1
1
5
4
5
5
5
9
9
2,340
7,368
7,643
9,538
10,408
13,043
6,954
6,443
4,413
8,255
1,627
1,173
9,576
5,417
3,640
12,421
9,369
6,158
817
42,475
48,478
70,524
90,791
123,906
132,460
131,121
145,797
171,828
197,091
12,598
14,522
9,257
_
-
60,050
74,699
91,382
112,583
142,333
151,721
153,346
164,920
185,669
209,267
58,540
75,338
97,160
112,741
141,921
149,317
152,900
164,645
184,874
211,545
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
10,872
11,274
9,979
8,004
9,720
7,990
8,532
10,251
10,854
9,340
1,844
447
710
1,029
709
894
846
1,737
800
520
5,431
4,324
3,775
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1973-Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
Aug......
Sept.....
Oct......
214
211
200
337
330
292
296
293
233
259
272
237
275
_
2
4
3
-
_
1,939
1,351
3,967
1
—
"
1,475
”
817
-
13,570
13,893
18,376
14,202
15,259
19,289
18,618
16,173
22,460
16,252
16,282
19,897
15,419
-
14,601
16,043
19,929
14,539
15,589
23,552
18,915
16,466
22,696
17,894
18,029
20,134
15,694
17,403
17,156
14,831
14,674
17,644
22,213
17,254
21,813
19,773
21,501
18,524
16,797
19,699
3,781
2,666
7,760
7,628
5,579
6,915
8,576
3,226
6,152
2,544
2,049
5,386
1,381
6,020
4,781
7,760
2,615
892
961
3,432
2,731
1,563
520
3,226
844
1,740
626
694
165
4,123
2,536
3,691
5,778
4,438
4,215
3,557
5,496
3,374
3,355
2,152
3,069
1,499
1,383
-
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
-customers who enter subscriptions through them, wnen 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.
y Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
8,343
6,906
6,915
8,576
9,340
6,800
7,249
3,098
5,536
4,760
March 194#; 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 incone taxes due on or after March 15, 1968
and FUTA taxe3 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.
Treasury Bulletin
20
ACCOUNT OF THE U.S. TREASU RY
Table UST-3. - Summary of Cash Transactions through
the Account o f the U.S. Treasury
(In millions of dollars:)
Net cash transactions other than borrowing
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
Clearing
accounts
Excess of deposits, 2/
or withdrawals (-)
Total net
transactions
Plus: Net cash borrow
ing, or repayment of
borrowing (-)
Equals: U.S. Treasuiy
account balance, in
crease, or decrease (-)
Cash
deposits
Cash with
drawals 1/
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
125,464
141,095
163,036
165,086
201,735
209,924
205,961
228,285
253,207
290,625
126,395
142,191
164,591
184,581
201,735
223,648
229,353
244,880
276,736
301,748
-931
-1,095
-1,555
-19,495
243
-13,723
-23,393
-16,594
-23,529
-11,123
-584
-1,075
654
-2,095
-1,928
1,556
1,822
-5,632
2,365
-3,725
-1,515
-2,171
-901
-21,590
-1,684
-12,167
-21,571
-22,226
-21,164
-14,848
3,089
1,968
-3,747
20,525
2,094
14,079
22,466
23,625
23,596
11,459
1,575
-203
-4,648
-1,065
409
1,912
895
1,399
2,432
-3,389
1973-Sept.............
Oct..............
Nov..............
Dec..............
1974-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
July..............
Aug. 2/...........
Sept. 2/..........
26,007
20,765
21,535
22,923
27,995
22,377
20,088
30,511
22,671
31,798
25,705
37,583
44,289
22,795
26,411
26,180
19,562
26,686
23,834
23,756
25,981
27,081
25,834
30,725
38,339
31,235
3,212
-5,646
-4,646
3,360
1,309
-1,457
-3,668
4,531
-4,410
5,963
-5,020
-756
13,054
-164
-951
2,435
-921
377
-1,087
-40
875
-1,911
-1,092
3,047
-6,597
-2,211
2,439
1,686
-2,544
-3,708
5,405
-6,321
4,872
-2,747
3,403
13,106
2,469
3,786
1,097
3,225
-1,262
-506
-4,641
-1,771
609
-2,021
-202
-4,433
-9,603
5,517
-2,811
-1,114
5,665
424
-3,050
932
3,635
-5,712
2,850
-2,949
-1,030
3,503
2,273
4,159
52
due to changes relating to the Daily Statement of the U.S. Treasury;
major adjustments to this table are contemplated as a result of these
changes, and no additional figures will be provided after September
pending this revision.
Source: Bureau of Government Financial Operations.
1/ Exclude transactions of clearing accounts.
2/ Previously included under cash withdrawls.
2/ August and September 1974 data is not comparable with other periods
Table UST-4. - Gold Assets and Liabilities o f the Treasury
(In millions of dollars)
Balance of gold in
U.S. Treasury account
Gold assets 1/
Gold liabilities 2/
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1973-Oct..
Nov..
Dec..
13,733 y
13,159
11,982
10,367
10,367
10,732
10,132
10,410 y
10,410 5/
11,567"
11,567
11,567
11,567
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
10,303
11,460
11,460
11,460
11,460
107
118
112
111
112
109
113
107
107
106
107
107
107
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..,
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
107
107
107
106
106
106
106
106
106
106
End of calendar year or month
Source:
Circulation Statement of United States Money through 1965;
Daily Statement of the United States Treasury thereafter.
1/ Treasury gold stock which excludes gold in Exchange Stabilization
Fund. See "International Financial Statistics.’1 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,
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.
4 / Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification Act,
P.L. 92-268*, approved March 31, 1972. The increment amounted to $822
million.
*>/ Gold assets were valued at $38 per fine troy ounce until October 18,
1973, when they were revalued at $42 pursuant to the amending of
Section 2 of the Par Value Modification Act, P.L. 93-110, approved
September 21, 1973. The increment amounted to $1,157 million.
November 1974
21
.MONETARY STATISTICS.
Table MS-1. - Money in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
13
4
4
4
4
4
4
4
4
3
4
Currencies presently
being issued 1/
Federal
Reserve
notes 2/
Treasury
notes of
1890
Total
currencies
United
States
notes
Federal
Reserve
notes ij
829
582
395
225
223
220
218
215
213
212
214
302
303
300
299
294
297
321
320
320
321
320
34,820
37,315
39,289
41,722
44,547
47,626
51,304
54,572
59,664
65,185
58,619
36,058
38,290
40,071
42,331
45,146
48,223
51,922
55,184
60,273
65,793
59,229
196 5
.
196 6
.
196 7
.
196 8
.
196 9
.
197 0
.
197 1
.
197 2
.
197 3
.
197 4
1972-Deo..,
68
64
61
59
57
55
54
53
52
51
52
22
21
21
21
20
20
20
20
20
20
20
1973-Sept.
Oct..
Nov..
Dec..
51
51
51
51
20
20
20
20
213
213
213
213
320
321
321
321
60,011
60,790
61,991
64,130
60,620
61,399 *
62,600
64,738
1974-Jan...
Feb..
Mar..
Apr..,
May..,
June.
51
51
51
51
51
51
20
20
20
20
20
20
213
212
212
212
212
212
321
321
322
322
322
321
61,529
62,114
62,766
63,712
64,610
65,185
62,138
62,723
63,375
64,321
65,219
65,793
July.
Aug..
Sept.
51
51
51
20
20
20
212
212
212
321
322
322
65,658
66,165
66*072
66,267
66,773
66.679
Coin
End of
fiscal year
or month
Total
money in
circula
tion jg/
Money in
circulation
per capita
(in dollars) 6/*
Dollars
Fractional
coin
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1972-Dec..
482
482
482
482
482
482
482
633
705
765
671
3,180
3,782
4,160
4,827
5,308
5,646
5,990
6,383
6,793
7,275
6,615
3,662
4,264
4,641
5,309
5,790
6,128
6,472
7,016
7,498
8,040
7,287
39,720
42,554
44,712
47,640
50,936
54,351
58,393
62,201
67,771
73,833
66,516
204.14
216.10
224.55
236.82
250.65
265.39
282.03
297.84
322.08
348,42
317.17
1973-Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
718
722
727
733
736
741
6,879
6,922
6,969
7,026
7,006
7,029
749
7,072
755
760
765
770
775
779
7,157
7,220
7,275
7,336
7,377
7,397
7,597
7,644
7,696
7,759
7,742
7,770
7,822
7,912
7,980
8,040
68,217
69,043
70,296
72,497
69,880
70,493
71,196
72,233
73,199
73,833
8,106
8,152
8,176
74,373
74,926 2/
74,856
323.56r
327.26
333.01
343.24
330.66
333.40
336.54
341.27
345.63
348.42
350.71
353.06r
352.47
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.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
ij Issued on and after July 1, 1929.
jg/ 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.
r Revised.
*
Treasury Bulletin
22
FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Securities held by:
Amount outstanding
End of
fiscal year
or month
Government accounts
Total
1/
1965.............
1966 .............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974 ............
1972-Dec..........
1973-Sept.........
Oct..........
Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June ........
July.........
Aug..........
Sept..........
323,154
329,474
341,348
369,769
367,144
382,603
409,467
437,329
468,426
486,247
460,243
472,073
473,139
474,973
480,659
478,957
481,443
485,650
483,090
485,834
486,247
487,239
493,622
493,130
Public
debt
securi
ties 1 /
Agency
securi
ties
313,819
316,097
322,893
345,369
352,895
370,094
397,305
426,435
457,317
474,235
448,473
460,614
461,651
463,212
469,073
467,359
473,675
471,078
473,850
474,235
475,344
481,792
48 1 ,4 6 6
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
12,012
140,194
11,770
119,088
11,459
125,381
11,760
11,586
11,598
11,581
11,975
469,862
Total
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
1 1,488
12,012
Agency
securi
ties
\
261,614
469
64,316
468
2,0 1 0
3,001
2,8 4 6
267,529
290,629
279,483
2,553
2,251
284,880
304,328
102,888
111,460
264,690
2 ,100
1,996
1,988
129,740
129,412
129,043
127,776
127,444
1,964
127,080
1,963
131,602
129,641
. 128,706
131,335
131,215
131,147
133,877
Source:
Monthly Statement of Receipts and Outlays of the U.S. Government.
l/ Amounts of public debt securities outstanding have been adjusted to exelude issues to IMF and other international lending institutions to
Total
61,071
71,809
76,138
84,815
95,170
'
The public 2/
123,385
. 138,206
116,897
130,672
133,320
133,217
133,159
135,895
140,194
139,53x
4
143,642
142,581
11,984
-12,012
11,895
11,831
11,664
Public
debt
securi
ties
323,770
343,045
346,053
341,155
2,1 9 0
342,333
343,727
345,930
349,058
348,285
348,123
352,432
349,931
349,939
34b,053
347,706
349,980
350,549
1,968
1,961
1,967
1,985
2,002
2,012
2,017
1 38,206
1,9 8 8
137,544
141 ,64O
140,585
1,990
2,002
1,996
Public
debt
securi
ties
252,748
251,782
251,084
269,231
268,080
274,924
294,417
314,976
333,932
336,029
331,576
332,838
334,208
336,132
339,432
338,654
338,527
342,459
339,930
339,973
336,029
337,800
340,152
340,881
Agency
securi
ties
8 ,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794
9,113
10,024
9,579
9,495
9,520
9,798
9,625
9,631
9,596
9,973
10,000
9,966
10,024
9,905
9,829
9,.668
conform with the budget presentation and the S6Ur<56' f6r this table*
2/ Includes holdings of Federal Reserve banks,
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
Total
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
11,467
12,516
12,953
15,404
17,087
20,339
20,254
21,545
26,591
30,741
24,006
3.678
3.988
4.039
4.499
4.891
5.557
5.141
5.093
5.872
6.560
5.402
3.800
4.134
4.165
4.757
5.232
5.986
5.210
5.099
6.129
7.030
5.520
1973-Oct.........
Nov..........
460,587
462,076
467,827
1974-Jan.........
Feb..........
Mar..........
Apr..........
May.........
June.........
July.........
Aug..........
466,273
468,629
472,622
480,087
472,741
473,238
28,846
29,177
29,514
29,646
29,423
29,760
29,836
30,560
30,741
30,852
32,036
32,260
31,934
6.332
6.377
6.371
6.382
6.337
6.358
6.409
6.529
6.560
6.596
6.779
6.816
6.761
6.755
6.847
6.820
6.838
6.765
6.793
6.845
7.006
7.030
7.036
7.>16
7.338
7,294
End of
fiscal year
or month
1965.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1972-Dec.........
Oct..........
474,334
480,740
480,103
479,174
Total
interestbearing
public
debt 1/
Total
Computed annual interest rate
Marketable issues
Bills
Certifi
Federal
Notes
Treasury 2/ Financing cates
Bank
3.842
4 . 064
4.321
4.851
4.845
5.250
4.360
4.764
5.711
5.294
5.668
6.508
6.4
20
7.340
6.519
4.516
6.312
4.188
6.412
6.590
6.529
8.416
6.328
5.079
8.098
8.144
8.073
8.116
7.886
7.914
8.072
8.321
8.416
8.397
8.650
8.777
8.646
_
8.631
8.631
8.631
8.631
_
_
-
6.448
6.462
6.462
6.462
6.443
6.443
6 .464
6.528
6.529
6.529
6.757
6.797
6.799
Non-marketable
Government
account
series jj/
Treasury
bonds
Other 4 /
3.642
3.655
3.686
3.681
3.722
3.762
3.759
4.018
4.393
4.75-5
4.309
3.493
3.713
3.745
3.876
3.979
4.327
4.608
4.636
5.138
5.374
4.827
3.372
3.693
3.854
4.133
4.555
5.235
5.375
5.475
5.880
6.430
4.498
4.564
4.566
5.361r
5.343
5.338
5.337
5.295
5.308
5.341
5.400
5.374
5.363
5.375
5.435
5.418
6.085r
6.067
6.130
6.128
6.160
6.156
6.238
6.324
6.430
6.540
6.630
6.676
6.563
4.569
4.643
4.645
4.649
4.752
4.755
4.758
4.861
4.862
4 .8 6 4
_________
5.563
23
November 1974
.FEDERAL DEBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Nonmarketable
Marketable
End of
fiscal year
or month
Total
Interest
bearing
public
debt
Foreign Government
Series
Total
Bills
1/
.
196 5
196 6
.
196 7
.
196 8
.
196 9
197 0
197 1
197 2
.
197 3
197 4
1972-Dec.,
313,U3
315,431
322,286
344,401
351,729
369,026
296,289
425,360
456,353
473,238
447,298
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575
269,509
1 P 5
54,929
58,535
64,440
68,356
72,154
86,677
94,648
100,061
105,019
103,870
1973-Oct..
Nov.,
Dec.,
1974-Jan..
Feb..
Mar.,
Apr..
May.,
June,
July,
Aug.,
Sept
Oct.,
460,587
462,076
467,827
466,273
468,629
472,622
470,087
472,741
473,238
264,047
270,234
270,224
270,131
269,650
273,596
270,452
269,550
266,575
268,782
272,111
272,608
273,525
101,577
107,749
107,786
107,805
107,850
111,859
107,337
107,941
105,019
107,321
110,581
111,099
112,083
474,334
480,740
480,103
479,174
Certif Treasury Treasuiy
bonds
icates notes
1,652
5,160
U.S%
savings
bonds
Total
52,549
50,649
49,108
71,073
78,946
93,489
104,807
113.419
117,840
128.419
121,507
102,4&L
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
33,137
44,133
mr,4is
106,303
111,614
117,808
125,623
136,426
150,816
168,158
193,382
206,663
177,788
120,669
124,644
124.643
124.644
126,088
126,088
127,587
128,385
128.419
128.420
127,675
127,702
127,679
41,801
37,841
37,795
37,682
35,712
35,648
35,529
33,224
33,137
33,041
33,854
33,807
33,762
196,540
191,843
197,603
196,142
198,979
199,027
199,635
203,191
206,663
205,551
208,629
207,495
205,649
Source:
Monthly statement of the Public Debt of the United States.
2/ As of July, 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962 - April 1967; and
Invest
ment
series
Depos
itary
series
3,256
2,692
2,589
2,516
2,459
2,387
2,347
2,310
2,275
2,271
2,305
-yr
44
45
30
28
25
23
22
19
16
22
2.275
2.275
2.273
2.273
2.272
2.272
2,272
2.271
2.271
2.271
2.271
2,270
2,269
16
16
16
16
16
16
16
16
16
16
17
17
17
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55.921
59,418
61.921
57,579
59,953
60,326
60,317
60,497
60,798
61,097
61,381
61,658
61,921
62,183
62,339
62,533
62*811
Govern
ment
account
series
L/
Other
Dollar
Foreign
denomi currency
nated 2/ denomi- ,
nated
1,1^2
1,137
817
957
890
624
2,001
1,740
2,367
1,703
1,366
3,389
7,606
1,664
2,072
16,913
26,781
1,743
23,412
1,599
18,921
1,710
26,175
24,477
24,461
23,757
23,762
23,602
24,086
24,400
23,412
22,802
21,600
21,577
21,542
1.586
1.586
1.586
1,588
1,589
1,597
1.599
1.599
1.599
1.599
1.599
1.599
1.599
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
115,442
95,948
141
137
97
282
564
1,656
3,389
1,322
1,407
2,002
1,304
783r
1,601
1,814
1,861
1,912
1,977
1,931
1,961
2,002
105,752r
101,561
107,135
106,151
108,629
108,465
108,350
111,286
115,442
115,517
119,648
118,329
116,241
1,163
1,155
1,169
1,172
■. »*
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
A/ As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to Government account series
which includes Treasury deposit funds in addition to those accounts
previously shorn as special issues, formerly included in Oth^ column,
r Revised.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In millions of dollars)
Maturity Classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
1-5
years
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1972-Dec...........
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575 .
*269,509
87,637
89*136
89,648
106,407
103,910
105,530
112,772
121,944
122,803
139,942
130,942
56,198
60,933
71,424
64,470
62,770
89,615
89,074
89,004
88,223
77,199
85,546
1973-Oct...........
Nov...........
Dec...........
1974-Jan..‘.........
Feb...........
lifer............
Apr...........
May...........
June..........
July..........
264,047
270,234
270,224
270,131
269,650
273,596
270,452
269,550
266,575
268,782
272,111
272,608
273,529
130,940
139,433
141,571
141,590
141,444
145,453
140,905
142,864
139,942
142,245
142,900
143,400
144,373
80,535
83,817
81,715
81,716
79,045
79,045
80,570
77,165
77,199
77,200
79,366
79,361
79,369
Sept..........
Oct...........
Source:
1
Office of Debt Analysis in the Office of the Secretary.
I
5-10
years
39,169
33,596
24,378
30,754
34,837
15,882
24,503
26,852
31,111
26,957
29,143
31,102
25,136
25,134
25,132
26,968
26,965
26,961
26,960
26,957
26,953
28,997
29,044
29,027
10 - 20
years
8,449
8,439
8,425
8,407
8,374
10,524
8,455
9,343
14,477
17,403
15,301
15,269
15,679
15,659
15,596
16,129
16,092
16,036
17,458
17,403
17,346
14,952
14,924
14,894
20 years
Average length
and over
17,241
17,023
16,797
16,553
16,217
11,048
10,670
10,059
6,357
5,074
6,079
6 ,2 0 1
6,169
6,145
6,098
6,063
6 ,0 4 0
5,981
5,103
5,074
5,039
5,897
5,879
5,866
5 yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
4 mos.
11 mod.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
3 yrs.
2 yrs.
3 yrs.
3 yrs.
2 yrs.
1 mo.
1 mo.
0 mo.
7 mos.-'
mos.
mos.
mos.
mos.
mos.
mos.
0 mo.
0 mo.
2
0
8
6
3
2
0
0
11
11
0
0
11
0
0
11
mo.
mo.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
Treasury Bulletin
24
FEDERAL DEBT
Table FD-5. - Government Account Series
(In millions of dollars)
End of
fiscal year
or month
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974....... ...........
1972-Dec ....... 1......
1973-Oct...............
Dec..... ..........
1974-Jan...............
Feb...............
Mar...............
Apr...............
May............... *
June,....... .
July..............
Aug......... .
Sept.......... .
Oct...............
End of
fiscal year
or month
1965.................
1966.................
1967.................
1968........ :........
1969.................
1970..................
1971..................
1972..................
1973..................
1974..................
13972-Dec......... .-....
1973-Oct..............
Nov..............
1974-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
July..............
Sept.............
Oct..............
Total
Exchange
Stabilization
Fund
Federal
employees1
retirement
funds
232
560
833
722
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
115,442
95,948
1,242
1,424
2,934
2,364
2,903
105,752r
101,561
107,135
106,151
108,629
108,465
108,350
111,286
115,442
115,517
119,648
118,329
116,241
2,839
42
2,869
2,824
2,855
2,868
2,875
2,793
2,364
2,381
2,396
2,410
2,426
_
_
Federal Savings
and Loan
Government
Insurance
life insuranc
Corporation
fund
*
Federal
Deposit
Insurance
Corporation
312
57
85
174
120
74
156
274
263
436
54
1,563
1,150
1,376
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,083
100
924
52
152
52
199
44
62
*
24
27,694
27,599
28,249
28,265
28,224
28,105
28,026
27,949
154
68
68
136
364
366
362
492
436
447
548
489
395
7,504
7,327
7,540
7,480
7,566
7,665
7,670
7,659
7,880
7,811
7,815
7,802
7,658
*
*
-
31,201
31,071
30,984
30,849
30,749
Highway
trust fund
National
service life
insurance
fund
933
938
814
876
842
797
758
717
690
651
265
238
722
.978
1,513
2,602
3,635
4,456
5,550
7,599
5,909
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
6,605
156
52
54
110
123
74
80
94
138
129
146
237
244
252
710
668
663
671
666
662
656
649
643
651
4,652
6,157
6,333
6,605
6,721
7,133
7,332
7,354
7,588
7,599
7,831
8,126
8,081
8,014
6,339
6,386
6,382
6,524
6,514
6,511
6,496
6,478
6,469
6,605
6,605
6,597
6,576
6,557
640
633
628
Federal home
loan banks
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
31,201
26,110
287
223
3
36
73
80
89
139
81
129
644
Federal
disability
insurance
trust fund
Source:
Monthly Statement of the Public Debt of the United States.
Note:
Prior to July 1974 title of this table was Special Public Debt Issues.
1/ Consists of Federal Housing Administration fund; Employees life
insurance funds;*Veterans1 special life insurance fund; Veterans' re
opened insurance fund; Federal supplementary medical insurance trust
fund beginning July 1966; Servicemen's group life insurance fund from
*
August 1969 - January 1973; Employees health benefits fund beginning
r
October 1970; Export-Import Bank of the United States from February
Postal
service fund
_
-
_
-
‘Railroad
retirement
accounts
385
3,123
3,277
3,339
3,303
3,434
3,751
3,852
3,742
3,766
3,706
1,842
1,511
983
870
581
460
435
331
160
385
371
1,313
1,090
1,011
3,406
3,223
3,216
3,170
3,059
3,048
2,985
2,773
3,735
3,706
3,503
3,546
3,273
3,084
-
963
820
Federal
hospital
insurance
trust fund
-
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
7,814
2,799
Federal
old-age and
survivors
- insurance
trust fund
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
33,640
30,752
5,506
5,449
6,379
6,604
6,670
7,045
7,372
7,565
7,814
7,828
8,008
8,112
8,280
32,042
31,479
32,134
31,501
33,023
32,899
33,172
33,089
33,640
Unemployment
trust fund
Other
1/
5,799
7,075
7,785
8,807
9,957
10,520
8,514
7,186
8,330
9,495
7,392
8,757
9,267
9,174
287
188
802
583
772
497
842
1,133
1,899
3,536
8 ,6 4 8
8,916
8,277
7,853
9,567
9,495
9,226
10,171
9,663
9,035
32,993
34,318
34,066
32,892
1,727
3,258r
2,699
2,773
3,029
3,123
3,257
3,344
3,440
3,536
4,660
4,945
5,oa
4,993
1967- October 1968; General Services Administration participation
Certificates Trust; and Washington Metropolitan Area Transit Authority
from November 1972-March 1973; airport and airway trust fund beginning
July 1973; Treasury deposit funds beginning with the July 31, 1974,
Monthly Statement of the Public Debt of the U.S.; and Indian tribal
funds and individual Indian money for August 1974.
Less than $500,000.
Revised.
November 1974
25
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government
Defense
Department
End of
fiscal year
or month
Total
amount
Family Housing
outstanding and Homeowners
1/
assistance
(In millions of dollars)
Housing and Urban Development Department
Federal
Housing
Admini
stration
Federal
National
Mortgage
Assoc. 2/
Government
National
'Asrtgage
Association
Secondary
market
operations
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
9,335
13,377
18,445
24,399
14,249
12,510
12,163
10,894
11,109
12,012
2,183
2,112
2,036
1,951
1,863
1,775
1,683
1,588
1,484
1,382
570
441
492
548
577
517
487
454
412
408
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
1,797
3,269
4,079
5,887
1972-Dec.............
11,770.
1,535
456
1973-Sept.............
Oct.............
ll,463r
11,488
11,760
11,586
11,598
11,581
11,975
12,012
11,984
12,012
11,895
11,831
11,664
l,467r
1,448
1,445
1,439
1,428
419
419
416
415
1 ,4 2 0
408
409
412
1974-Jan.............
Feb.............
Mar.............
June.............
1,415
1,407
1,398
1,382
1,386
1,370
1,358
410
410
408
403
405
411
Postal
Service
_
Tennessee
Valley
Authority
_
250
250
250
*
*
3
3
3
.3
3
3
3
3
1972-Dec.............
250
2,065
3
1973-Sept.............
Oct.............
250
250
250
250
250
250
250
250
250
250
250
250
250
2,352
2,395
2,405
2,435
2,465
2,457
2,445
2,517
2,646
2,696
2,615
2,565
2.405
3
3
3
3
3
3
3
3
3
3
2
2
2
Feb.............
Mar.............
Apr.............
May.............
July.............
Aug.............
Sent.............
-
_
-
Export-Import
Bank of the
United States
Banks for
cooperatives
2/
-
-
-
2,625
-
-
5
2,518
2,518
2,818
2,646
_
_
-
9
9
9
9
9
10
10
10
10
10
10
10
10
-
4,445
4,445
4,415
4,390
4,390
4,390
4,390
4,370
4,370
4,370
4,335
4,335
4,335
_
-
_
-
-
-
-
2,643
2,643
3,043
3,043
2,897
2,894
2,893
2,893
2,893
2,529
2,893
3,363
3,779
-
-
-
-
-
-
Memorandum - Interest -bearing
securities of non-Government agencies lj
I
Federal
Federal
Federal
National
intermediate
Banks for
land
Mortgage
Federal home) credit banks
cooperatives loan banks
banks
Association
2/
2/ 6 /
5/
2/
1,529
1,^0
1,805
2,338
2,475
1,4 1 1
4,757
6,310
4,588
4,702
5,524
9,914
7,923
7,848
12,149
18,622
1,964
2’536
2,748
2,729
2,695
2,766
2,853
2,902
2,836
2,700
2,475
2,503
2,648
2,861
-
1
I
1|
Federal
Home Loan
Bank Board
-
4,830
-
Federal
Intermedi
ate credit
banks 2/
*
*
*
6
6
6
6
5
5
10
-
Source- Bureau of Government Financial Operations and Monthly Statement
of*Receipts and Outlays of U.S. Government.
., . ,
1/ Includes unredeemed matured securities outstanding on which interest
2/ Effective^September 30, 1963, Federal National Mortgage Association
~ was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-448;.
2/ Effective December 31, 1968, banks for cooperatives and Federal m -
Farm Credit Administration
709
881
1,072
1,230
Other
225
285
417
525
728
996
1,355
1,855
2,255
2,696
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.........- ......
1974.................
Other independent agencies
1,022
1,385
2,164
2,571
2,472
1,893
2,625
1,819
2,221
2,894
Other independent
agencies - (Continued)
End of
fiscal year
or month
Agencies
_
_
District of
Columbia
Stadium
Fund
4,942
5,705
6,188
6,673
7,995
3,532
4,106
4,612
5,319
5,720
6,192
6,652
7,393
9,058
11,067
8,076
13,165
14,996
18,560
21,087
25,232
20
20
20
20
20
20
20
20
20
20
8,336
5,873
8,027
17,239
20
15,996
17,296
17,146
17,146
16,346
15,689
15,689
15,685
16,838
18,622
19,480
20,118
22,213
6,880
6,961
6,956
6,932
9,612
10,062
10,062
10,062
10,272
10,506
10,506
11,067
11,067
11,067
12,006
12,007
10 nn»7
21,597
22,243
22,404
23,002
20
20
20
20
20
20
20
20
20
20
20
20
-
4,2 4 0
7,031
7,121
7,263
7,514
7,708
7,995
8,356
8,518
8.655
-
23,131
23,093
23,517
24,029
24,317
25,232
25,878
26,640
on 11 's
termediate credit oamcs were conyex-ucu w
~
to provisions of Public Law 90-582, October 17, 1968.
For
details
of
securities
outstanding,
see
Table
TSO-6.
u. Includes Federal Home Loan Mortgage Corporation mortgage backed
If
bonds beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
Less than $500,000.
Revised.
p Preliminary.
Treasury Bulletin
26
FEDERAL DEBT,
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Agriculture
Department
Fiscal year
or month
Retire Out
ments standing
5
6
7
8
9
0
1
2
3
4
1973-Sept.......
Oct........
Nov........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May........
June.......
July.......
Aug........
2,181
2,181
-
-
Retire Out
ments standing
450
1,022
2 hb
761
398
1,385
1,411 2/ 650 2/ 2 ,1 4 6
570
2,183
533
1,814
369
321
1,493
268
1,226
618
608
576
42
327
249
Sales
-
173
401
2
399
399
399
399
249
249
150
-
-
Sales Retire
ments
300
1,840
2,900
3,250
1,330
574
574
574
-
-
•
Farmers Home
Administration 1/
Total
Commodity Credit
Corporation
Sales
196
196
196
196
196
197
197
197
197
197
Participation certificates issued by GNMA acting as trustee
jixporTi-inborn cainc
_
249
249
249
30
180
180
110
30
25
4.445
4.445
4,415
4,390
630
-
20
30
-
Sales Retire
ments
Out
Retire Out
standing Sales ments
standing
#0
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
1,280
1,315
1,085
440
-
Out
standing
Health, Education,
and Welfare
Department 2/
600
525
225
I84
401
80
168
24
-
4.390
4.390
4.390
4.370
4.370
4.370
600
1,125
1,166
765
685
517
493
493
_
-
493
493
493
-
3
3
2
6
2
493
493
493
493
493
493
-
-
15
493
493
493
493
-
4.340
4.340
4.340
100
100
-
-
-
-
100
200
212
209
207
201
199
199
199
199
199
199
199
199
199
199
199
199
199
199
.— 122___ .
Participation certificates issued by GNMA acting as trustee - (Continued)
Fiscal year
or month
Housing and Urban Development Department
Office of Secretary 4 /
Retire Out
standing Sales
ments
Sales
_
1965,
1966
1967,
1968
1969,
1970
1971,
1972,
1973.
1974.
-
680
1,140
640
-
_
-
1973- Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.........
Apr.........
May........ .
July........
Aug.........
Sent........
Government National
Mortgage Association %/
_
_
_
-
27
324
963
405
34
—
—
-
-
_
_
_
_
_
_
_
-
-
-
-
_
-
680
1,820
2,433
2,109
1,146
741
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
Retire Out
ments’ standing Sales
—
_
20
50
50
134
190
81
193
95
65
-
18
15
.
-
13
-
200
605
740
465
140
-
_
_
_
_
30
-
200
785
1,475
1,891
1,897
1,707
1,626
1,433
1,338
1,273
1,319
1,319
1,301
1,286
1,286
1,286
1,286
1,273
1,273
1,273
1.243
1.243
1.243
Source: Bureau of Government Financial Operations.
_ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural Housing
Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Professions
Education Fund, and Nurse Training Fund, beginning April 1968.
2/ Includes $107 million refunding transaction,
ij Includes College Housing, Elderly Housing, and Public Facility programs.
5/ Includes Special Assistance, and Management and Liquidating programs.
Veterans
Administration 7/
Small Business
Administration 6/
_
350
520
430
50
Retire Out- 4
ments
standing Sales
~
_
70
70
203
225
91
206
41
~
-
-
-
_
_
-
-
-
_
350
800
1,160
1,007
782
691
485
444
444
100
885
260
590
260
-
_
-
Retire
ments
10
60
60
79
136
99
107
243
45
444
444
444
444
444
444
444
444
444
444
-
12
10
-
444
444
444
-
-
-
7
-
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authori25ed under
Out
Retire Out
standing Sales ments
standing
100
975
1,175
1/704
1,885
1,749
1,650
1,543
1,300
1,255
1,284
1,284
1,272
1,262
1,262
1,262
1,262
1,255
1,255
1,255
1.255
1.255
1.255
42
436
167
_
667
-
_
“
_
_
_
99
-
_
_ «
-
_
_
-
_
_
_
-
_
-
_
_
_
-
419
855
1,021
923
1,590
_
_
_
-
_
_
_
_
_
_
-
-
" 1
1
6/ Includes programs for Disaster Loans, and Business Loans and Investments.
2/ Includes Direct Loan and Loan Guaranty programs.
8/ In the case of Commodity Credit Corporation, participation certificates
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.
November 1974
27
FEDERAL DEBT
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
Interest-bearing debt
subject to limitation
Debt outstanding sub
ject to limitation
Statutory
debt
limit
Total
Public debt
1/
Other debt
1/2/
Public debt
Other debt
Non-interest-bearing debt
subject to limitation
Public debt
1/
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1972-Dec.............
324,000
328,000
336,000
358,000
377,000
377,000
430,000
450,000
465,000
495,000
465,000
317,581
320,102
326,471
350,743
356,932
373,425
399,475
428,576
459,089
476,006
450,618
315,536
315,831
322,631
344,716
352,259
369,463
396,678
425,813
456,697
473,618
447,852
4,045
4,272
3,840
6,028
4,672
3,962
2,797
2,764
2,392
2,388
2,766
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
589
461
512
3,818
3,847
3,137
1,972
1,939
1,567
1,563
1,941
423
400
345
315
530
437
389
453
343
380
1973- Oct.............
465,000
465,000
475,700
475,700
475,700
475,700
475,700
475,700
495,000
495,000
495,000
495,000
495,000
463,432
464,900
470,850
461,033
462,594
468,455
466,741
473,244
473,057
470,460
473,232
473,618
473,226
479,674
479,352
478,107
2,399
2,396
2,395
2,390
2,388
2,389
2,392
2,390
2,388
2,383
2,386
2,391
2,394
460,587
462,076
467,827
466,273
468,629
472,622
470,087
472,741
473,238
1,574
1,571
1,570
1,565
1,563
1,564
1,567
1,565
1,563
1,558
1,561
1,566
1,569
445
517
628
467
615
434
373
491
380
Dec.............
1974-Jan.............
Feb.............
May.............
July.............
Aug.............
Sept.............
Oct.............
469,131
471,631
475,446
472,852
475,623
476,006
475,610
482,059
481,743
480,501
Source: Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1973. For a summary of legislation on debt limitation under the Second Liberty Bond
Act and the amounts of limitation, see Table 32 of the Statistical
Appendix.
472,833
479,239
478,602
477,6*73
554
394
435
747
434
Other debt
1/
3,456
3,811
3,328
2,209
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
825
1/ Adjusted to exclude notes to IMF and other itfteraatioaal leading or
ganizations from Public debt and include them in Other debt to conform
with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
Footnotes to Table FD-2
Source: Monthly Statement of the Public Debt of the United States.
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
computed for each issue by applying the appropriate annual interest
rate to the amount outstanding on that date (the amount actually
borrowed in the case of securities sold at a premium or discount,
beginning with May I960). The aggregate charge for all interestbearing 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
1/
2/
2/
4/
5/
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.
As of July 1974, includes Federal Financing Bank.
Excludes Federal Financing Bank.
Included in debt outstanding at face ‘
amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to Goyemment account series
which includes Treasuiy deposit funds in addition to those accounts
previously shown as special issues.
Treasury Bulletin
28
FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b), 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 93-325 provides that beginning
on June 30, 1974, and ending on March 31, 1975, the public
debt limit shall be temporarily increased by $95 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, 1974
__________________(In millions of dollars)_________________
Public debt subject to limit:
Public debt outstanding.........................................................................
Less amounts not subject to limit:
Treasury.
Federal Financing Bank........................................................................
Total public debt subject to limit................................................................
617
...... -*-*501
.....478,107
Other debt subject to limit:
Guaranteed debt of Government agencies.............................................................
Notes issued to International Monetary Fund (22 U.S.C. 286e)............. ..............................
Specified participation certificates (12 U.S.C. 1717(c))..............................................
Total other debt subject to limit.................................................................
Total debt subject to limit............................................. .........................
Statutory debt limit (31 U.S.C. 757b)...............................................................
Balance of statutory debt limit....................................................................
434
°*5
...... 1,135
2^394
480,501
495,000
14,499
$480,225
Part B. - Application of Statutory Limitation October 31, 1974
(In millions of dollars)
Classification
To*®J ..
outstanding
Interest-bearing debt:
Marketable:
Bills:
Regular series:
Treasury..............................................................................................................................................................................................
Federal Financing Bank.....................................................................
Notes:
Treasury..................................................................................
Bonds:
_
Treasury.................................................................................
Total marketable.................................................................... ........
1,501
127,679
..... 33,762
273,525
Nonmarketable:
Depositary series................................................... ........ ................
17
Foreign government series:
Dollar denominated..................................... ....................................
21,542
Foreign currency denominated..................................................................
599
Government account series......................... ............................................
1?
Investment series............................................................................
^
R.E.A. series...............................................................................
"J
State and local government series................................. .............................
637
United States retirement plan bonds....................... ......................................
76
United States savings bonds....................................................................
62,811
United States savings notes....................................................................
........^
Total nonmarketable..........................................................................
-?Q??fo9_
Subtotal Treasury............................................................................. ... ..... 477,673
Subtotal Federal Financing Bank.................................................................. ... ....... 1,501
Total interest-bearing debt..................................................................... ... ..... 479,174
Non-interest-bearing debt:
Matured debt....... ..........................................................................
Other.......................................................................................
^29
........ 722
Total non-interest-bearing debt..................................................................
Total public debt outstanding.....................................................................
...... 1,051
480,225
Source: Monthly statement of the Public Debt of the United States.
29
November 1974
_ FEDERAL DEBT.
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Housing and Urban
Development
ExportSecretary: Inrport
Bank of
Farmers
Rural
Govern
the
Electri Home
United Secretary ment
fication Adminis
National Other
States
tration
Adminis programs
Mortgage 6/
2/
tration
Assn. 5/
2/
Agriculture Department
End of
fiscal year
or month
Total
Agency
for
Inter
national
Develop
ment 1/
Commodity
Credit
Corpo
ration
.
196 5
196 6
196 7
.
196 8
.
196 9
197 0
197 1
197 2
197 3
.
197 4
1972-Dec.
28,354
26.964
24,611
27,040
28,164
30,651
31,9* 4
33,939
34,237
35,434
32.965
712
689
662
638
544
512
451
a16
374
327
398
13,111
11,768
10,097
11,989
12,115
12,262
11,977
11,501
10,864
8,608
1973-Oct.
33,840
33,816
34,152
34,198
34,202
34,086
33,970
34,534
35,434
35,132
36,299
37,468
36,091
367
367
356
356
356
356
356
356
327
327
327
327
327
Nov.,
Dec.,
1974-Jan..
Feb.,
Mar.,
Apr.,
May.,
June,
July.
Aug..
Sept.
Oct.,
10,655
4,075
4,234
4,518
4,770
5.,045
5,328
5,746
6,051
6,563
6,963
6,252
1,235
1,436
1.415
1,454
1,583
1.416
1,391
1,606
1,610
2,545
1,359
9,477
9,731
9,724
9,240
9,104
9,009
8,889
8,757
8,608
8,441
8,424
8,128
5,321
6.563
6.563
6.763
6.763
6.763
6.763
6.763
6.763
6.963
6.963
6.963
7.207
7.207
1,610
1,610
1,610
2,010
2,010
2,160
2,210
2,410
2,54 5
2.570
2.570
2.570
2.570
1,899
1,466
1,329
1,950
2,427
3.133
3,552
3,781
3,053
1,176
2,753
3,133
2,670
1,937
1,570
2,261
3,602
3,914
3,963
4,025
4,028
2,051
1,828
2,072
2,181
2,336
2,083
2,099
2,315
2,457
2,503
2,660
2,851
2,983
4,120
4,028
4,037
4,067
4,081
4,m
4.025
4.025
4.025
4,093
4.213
4.213
4,063
3,587
3,462
3,364
3,248
3,211
2,075
3,068
3,129
3,133
3,321
3,465
3,654
3,946
513
178
362
720
1,586
783
1,743
1,888
2,457
Source: Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1973 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 310-16, and the 1973 Combined Statement of
Receipts, Expenditures and Balances of the United States Government,
pages 549-551.
2/ 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.
£/ 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
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
3.133
3,833
10
25
10
15
10
223
665
1,641
2,462
1,001
1,804
1.964
1.964
2,068
2,068
2,242
2,242
2,462
2,462
2,590
2.689
2.689
2,814
Transpor
tation
Dept.
TennSaint
Valley Lawrence
Author Seaway
Develop
ity
ment
Corp.
95
100
100
100
100
100
100
100
100
100
100
124
125
125
129
133
133
130
127
123
121
100
100
100
100
100
100
125
100
100
100
125
125
125
Veterans
Adminis
tration:
Direct
loan
program
Under
Defense
produc
tion
Act
-of 1950
1/
Other
8/
124
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
2,056
2,023
1,850
1,854
2,032
1,996
2,010
2,010
2.014
2.015
2,014
51
72
90
118
148
183
250
294
315
946
296
121
121
121
121
121
121
121
121
121
121
121
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
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
2.015
295
295
295
300
307
316
327
350
946
357
996
1,838
2,869
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 Explo
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing
Fund (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 Com
mercial Fisheries for Federal Ship Mortgage Insurance Fund, Fishing
Vessels from January 1966 - May 1967; ’and revenue bonds for
Smithsonian Institution (John F. Kennedy Center Parking Facilities)
beginning July* 1968; Secretary of Transportation (Washington Metro
politan Area Transit Authority) beginning December 1972; Health,
Education, and Welfare, Office of Education (Student Loan Insurance
Fund) from May 1973 - August 1973; Rural Telephone Bank beginning
January 1974; Federal Financing Bank beginning May 1974; Federal
Home Loan Bank Board beginning August 1974; Pension Benefit Guaran
ty Corp. beginning Septenfoer 1974.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Public Marketable Securities
Other than Reguler Weekly and 52-Week Teasury Bills
Outstanding October 31, 1974
(In Billions of dollars)
Amount of maturities
Tear
and
nonth
of final
maturity
1/
1974
Nov.
Dec.
Amount of maturities
Held by %/ Description
U.S. Govt,
accounts and ill
Federal Re other
serve banks investors
Total
Year
and
month
of final
maturity
1/
Held 1*2/ Description
Total
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
1979
5-3/4*
3-7/8%
5-7/8*
Total..
Note Bond Note -
11/15/74-A
11/15/74
12/31/74-F
5,442
1,213
2,102
8,757
2,24?
142
109
2,493
3,200
1,071
1,993
6,264
Apr.
Aug.
Oct.
Nov.
1 -1/2 %
6-1/4%
1 -1/2 %
6-5/8%
7%
Note
Note
Note
Note
Note
- 4/1/79-EA
- 8/15/79-A
- lO/l/79 -BO
- 11/15/79-B
- ll/15/79-C
2
4,559
1
2
1,774
2,785
1
-
1,604
2,241
8,407
1,117
3,353
487
1,779
5,054
2,571
7,265
867
5,498
1,704
1,767
4,285
1,895
2,501
749
1,784
1,146
16,016
9,615
6,401
1,842
807
479
408
1,363
399
2,649
887
1,762
462
1980
1975
June.
Aug..
Sept.
5-3/4*
5-7/8*
8.049*
1-1/2*
6*
5-7/8*
9.767*
5-7/8*
8-3/8*
Note
Note
Bill
Note
Note
Note
Bill
Note
Note
2/15/75-A
2/15/75-E
- FFB 3 31/75
4/1/75-EA
5/15/75-B
5/15/75-F
6/30/75
Oct..
Nov..
Dec..
1-1/2*
7*
7*
Note
Note
Note
lO/l/75-EO
ll/15/75-D
12/31/75-H
Feb.
Mar.
Apr.
May.
8/15/75-C
9/30/75-G
Total.
1976
Feb.
4,015
1,222
1,501
8
6,760
1,776
2,005
7,679
2,042
30
3,115
1,731
31,884
2/15/76-A
2/15/76-F
6-1/4*
5-7/8*
Note
Note
Mar.
8*
Note
3/31/76-H
3,739
4,945
1,532
Apr.
1-1/2*
Note
4/1/76-EA
27
May.
6-1/2*
5-3/4*
Note
Note
5/15/76-B
5A5/76-E
2,697
2,802
June.
8-3/4*
Note -
6/30/76-1
Aug..
7-1/2*
6-1/2*
Note
Note
8A5/76-C
8-1/4%
Note •
Sept.
1,551
128
15
4,534
135
2,760
49
746
242
10,160
2,858
1,397
56
2,464
1,094
1,486
8
2,226
1,641
4,919
1,993
30
2,369
1,489
19,719
881
3,548
1,476
4%
6-7/8%
Aug..
Nov.
9%
3-1/2%
1981
Feb.
Aug.
1,659
3-1/4%
Bond - 6/15/78-83
1,462
279
1,183
6-3/8%
BOxid -
8/15/84
2,353
1,376
977
3-1/4%
4-1/4%
Bond 5/15/85
Bond - 5/15/75-85
919
1,198
224
507
695
691
2,117
731
1,386
1984
8/15/76-G
4,194
3,883
1,665
1,855
2,529
2,028
9/30/76-J
2,031
316
1,715
Note
ll/15 /76 -D
4,325
307
4,018
32,890
10,547
22,343
Total.
Total
6 -1/8%
Bond -
11/15/86
1,216
882
334
Feb.
3-1/2%
Bond -
2A5/90
3,784
1,130
2,654
1992
Aug.
4-1/4%
Bond - 8/15/87-92
3,618
1,429
2,189
4%
6-3/4%
Bond - 2/15/88-93
Bond 2/15/93
225
627
70
186
155
441
7-1/2%
Bond - 8/15/88-93
1,914
1,127
787
2,766
1,383
1,383
1,393
550
843
Nov.
1990
1993
Feb.
1977
Feb.
Note
2/15/77-A
5,163
3,061
2,102
Apr.
1-1/2*
Note
4/1/77-EA
5
May.
6-7/8*
9*
Note
Note
5A5/77-C
5/l5/77-t>
2,565
5,327
493
2,967
2,072
2,360
Aug.
7-3/4*
Note
8/15/77-B
4,918
1,686
3,232
Oct.
1-1/2*
Note
10/1/77-E0
17
17
17,995
8,207
9,788
Total..
6-1/4*
1-1/2*
8-3/4*
1-1/2*
6*
Total.
Note
Note
Note
Note
Note
2/L5/78-A
4A/78-EA
8/15/78-C
10/1/78-E0
11/15/78-B
8,389
15
2,462
3
8,207
19,076
5
3,384
639
3,616
7,639
5,005
15
1,823
3
4,591
11,437
Source: Monthly Statement of the Public Debt of the United States and
Office of Debt Analysis in the Office of the Secretary.
1/ For issue date of each security, see "Market Quotations on Treasury
Securities.M
2/15/81-A
8/15/81
1,043
2,014
6-1/4*
Note Bond -
1983
June.
690
Nov.
11/15/80
2,702
2,704
11
8/15/80-B
2/15/82
1985
May.
11
Note Bond -
Bond -
1,877
2,219
lO/i/76-EO
5A5/80-A
6-3/8%
820
583
Note
2A5/80
Note -
1982
Feb.
Aug.
1-1/2*
7%
7%
Bond -
Total
27
Oct.
1978
Feb.
Apr.
Aug.
Oct.
Nov.
Feb.
May.
Aug.
199L
May.
4-1/8%
Bond - 5/15/89-94
1995
Feb.
3%
Bond -
2/15/95
770
137
633
1998
May.
Nov.
7%
3-1/2%
Bond - 5/15/93-98
Bond 11/15/98
692
2,931
260
872
432
2,059
3,623
1,132
2,491
1,473
854
619
1999
May..
8 -1 /2%
Bond - 5/15/94-99
2/ Beginning with February 1969 Treasury Bullentin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
n.a. Not available
November 1974
31
PUBLIC D E B T OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amount in millions of dollars)
Description on new issue
Amount of bids accepted
Issue date
Maturity
date
Number of
days to
maturity 1/
Amount of
bids
tendered
Total
amount
On competi
tive basis
Z/
On noncom
petitive
basis 2/
Amount
maturing on
issue date
of new
offering
Total
unmatured
XOOUCo UUwstanding after
new issues
Treasury bills:
Regular weekly:
113-week and 26-week)
f I974-0ct.
11.........
18.........
25.........
Aug
\1975-Jan.
11974-Oct.
u975-Jan.
fi.974-0ct.
u975-Jan.
(l974-Oct.
U975-Jan.
1974-Oct.
1975-Jan.
1974 -Nov.
1975-Feb.
/1974-Nov.'tl975-Feb.
/1974-Nov.
\1975-Feb.
rl974-Nov.
^1975-Feb.
/l974-Dec.
U975-Mar.
/l974-Dec.
U975-Mar.
11974-Dec.
U975-Mar.
11974-Dec.
\1975-Mar.
4,117.2
3,170.6
4,014.2
3,429.9
4,207.3
3,268.1
4.465.6
3,719.0
2,602.6
1,904.7
2,602.3
1,903.6
2,601.8
1,901*3
2,601.9
1,901.4
14
13
21
20
29
27
3,954.8
2,885.4
3,618.1
4,601.3
4,264.0
3,650.7
3,981.5
2,986.0
2,601.3
1,902.0
2,655.5
2,007.0
2,804.6
2,004.2
2,807.7
2,001.8
3,720.9
3,481.5r
2,803.4
2,003.6
5
6
12
13
19
20
26
27
91
182
91
182
91
182
91
182
3,746.Or
3,853.3r
3,961.6
4,073.1r
4,606.7
3,071.5
4,038.1
3,240.9
2,805.7r
2,005.3r
2,611.1r
l,805.9r
2,502.6
1,801.9
2,500.6
1,800.1
Jan. 2
Apr. 3
Jan. 9
Apr. 10
Jan. 16
Apr. 17
91
182
2,605.2
1,894.0
91
182
91
182
3,523.2
2,761.9
3,132.4
3,301.1
31.........
\
f
\
Jan. 23
Apr. 24
Jan. 30
May
1
91
182
91
182
9 5/,......
1974-July 30
23.........
Oct. 22
20.........
8.........
15.........
22..........
29.........
5.........
12.........
19.........
26.........
Oct
24
23
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
92
182
1.........
»w
Sept
3
2
10
9
17
16
3..........
10..........
17.........
24.........
f
\
f
1
T
1
f
31
30
7
6
2,702.3
2,002.8
2,188.4
1,620.9
2,159.5
1,539.4
2,130.9
1,486.3
2,191.7
1,624.9
414.3
283.7
442.8
364.2
470.9
415.0
410.2
276.5
401.9
273.7
420.7
282.7
2,199.4
1,628.3
2,234.8
1,724.2
2,337.7
1,710.0
2,338.7
1,742.2
2,317.6
1,698.4
466.8
294.3
469.0
259.6
485.8
30*.2
2,283.4
1,654.2
522.2r
351.lr
2,023.9
1,366.1
1,926.1
1,481.5
2,053.2
1,522.5
587.2
439.9r
2,234.6
1,583.4
2,338.2
1,678.4
2,388.4
1,779.1
2,277.1
1,718.6
576.4
320.4
447.4
277.6
2,501.3
1,802.5
2,501.2
1,809.5
2,503.0
1,811.5
2,501.1
1,797.6
33.328.4
48.472.4 V
33.429.5
48.566.5 A/
33,528.3
48,656.4r A/
33,629.1
48,760. A/
2,503.5
1,803.3
2.500.5
1.802.5
2,601.4
1,799.3
2,604.3
1,797.4
2,604.1
1,802.0
33,726.9r
48,858.8r A/ '
33,881.9
49,063.3r A/
34,085.0
49,268.2r A/
34,288.3r
49,472.6r jj
34,487.6
49,674.2r A/
2,602.1
1,804.9
2,603.1
1,801.9
2,600.9
1,901.2
34,691.2r
49,874.6r A/
34 ,699.2r
49,878.6r A/
34,600.9r
49,77*.3r A/
34,501.Or
49,678.1r A/
a/
2,600.4
1,901.2 A/
370.6
310.5
2,602.6
1,909.6 A/
2,602.3
1,902.0 i/
2,601.8
1,904.2 A/
2,362.3
1,830.2
364.1
324.4
314.8
224.4
425.5
283.9
342.9
167.3
34,503.6
49,662.5
34~,603.7
49,763.3
34,705.1
49,862.5
34,805.8
49,963.5
34.909.6
50.058.6
4,747.2
3,248.6
3,369.5
3,458.2
2,703.2
2,003.5
2,702.6
2,002.5
2,705.2
1,997.5
294
4,209.3
1,804.4
1,705.4
99.1
_
364
4,277.2
1,801.8
1,751.8
50.0
1,802.5
23,416.2
Nov. 19
364
3,437.1
1,800.6
1,768.0
32.7
1,802.0
23,414.8
4,168.4
2,958.0
2,601.9
1,901.6 4 /
2.601.3
1.902.3 A/
52-week:
1973-Oct.
Nov.
23,416.9
Dec.
18.........
Dec. 17
364
3,588.2
1,802.5
1,769.5
33.0
1,800.5
23,416.9
1974-Jan.
15.........
1975-Jan. 14
364
3,221.9
1,802.4
1,744.6
57.8
1,804.0
23,415.3
Feb.
12.........
Feb. 11
364
3,103.3
1,802.1
1,756.6
45.5
1,801.1
23,416.3
Mar.
12.........
Mar. 11
364
3,358.8
1,801.1
1,764.5
36.6
1,790.3
23,427.1
Apr.
9.........
Apr.
8
364
3,201.8
1,801.4
1,749.5
51.8
1,801.8
23,426.6
May
7.........
May
6
364
2,984.4
1,802.3
1,728.5
73.8
1,800.4
23,428.5
June
July
4.........
2.........
30.........
27.........
June 3
July 1
July 29
Aug. 26
364
364
364
364
2,530.7
2,653.8
1,801.8
1,801.8
65.8
1,800.8
23,429.4
23,429.2
l,805.8r
1,802.7
93.3
77.7
97.8
1,802.0
1,804.4
1,804.8
23,430.6
23,428
Sept. 23
364
2.571.3
2.934.3
2,889.8
1,735.9
1,708.5
1,728.1
1,704.8
1,803.Or
1,682.0
121jOr
1,802.2
23,429.2r
Oct. 21
364
3.580.1
2,002.9
1,911.1
91.8
1,801.8
23,630.3
1975-June 30
299
4.934.1
2,003.0
1,852.7
150.2
1975-Mar. 31
244
4,321.4
1,501.4
1,362.8
138.6
Aug.
Oct.
22.........
Special;
1974-Sept.
4.........
F$de**a^ Fjfoanctag bijLLai
1974-July
30..*.......
Footnotes at end of table.
2,003.0
-
1,501.4
A/
A/
A/
A/
A/
32
Treasury Bulletin
_______ P U B L I C D E B T O P E R A T I O N S _______
Table PDO-2. - Offerings of Bills—Continued
Qn competitive bids accepted
t
o
t
a
t
a
J
-k
i
d
sagasptedIssue date
rage price
hundred
Equivalent average
rate 6/
High
Price fer hundred Equivalent rate £/
(Percent)
Treasury bills:
Regular weekly:
(13-week and 26-week)
Low
Price per hundred Equivalent rate 6/
(Percent)
(Percent)
7.744
7.982
7.785
8.401
7.584
7.758
7.576
7.681
98.038
95.927
97.990
95.689
98.042
95.982
98.071
96.084
7.848
8.101
7.952
8.527
7.746
7.948
7.631
7.746
12/
IV
15/
1£/
12/
7.600
7.851
7.552
8.630
8.680
8.676
8.727
8.780
98.032
95.888
97.813
95.601
97.777
95.586
97.750
95.467
7.785
8.134
8.652
8.701
8.794
8.731
8.901
8.966
9.907
9.930
97.506 18/
95.025 12/
9.759
9.841
97.434
94.951
10.041
9.987
97.683
95.307
97.700
95.460
9.165
9.282
9.098
8.980
9.000
9.224
9.020
8.972
97.661
95.288
97.686
95.452
9.253
9.320
97.931
95.853
98.230
95.992
8.185
8.203
7.003
7.928
97.725 20/
95.337 20/
97.720 22/
95.464
97.942
95.865 22/
98.248 ZlJ
96.036 25/
97.923
95.815
98.205
95.983
98.386
96.239
98.307
96.277
98.048
96.042
'98.098
96.260
‘98.005
96.074
6.385
7.441
6.697
7.364
7.723
7.829
7.525
7.398
7.892
7.766
8.142
8.179
6.931
7.841
6.100
7.020
98.395
96.309 22/
98.061 28/
96.109 22/
98.109 20/
96.299 22/
98.042 22/
96.100
6.349
7.301
7.671
7.696
7.481
7.321
7.746
7.714
97.984
96.048
1973-Oct. 9 £/.
93.710
7.702
93.780 22/.
7.616
93.678
23....
Nov. 20....
92.789
7.132
7.122
92.779
92.206
7.708
92.799
92.282 ,2V
7.633
92.157
93.043
6.880
93.046
6.878
93.013
7.757
6.910
92.975
6.948
93.038
6.885
92.905
7.017
Feb. 12.............
93.588
6.342
93.638
6.292
93.536
6.393
Mar. 12.............
93.026
6.697
93.079
6.845
92.973
6.950
Apr. 9.............
92.026
7.887
92.083 25/
7.830
91.963
7.949
May
1974-July
98.048
95.950
98.005
95.713
98.053
96.018
98.078
96.107
7.808
8.055
7.892
8.481
7.702
7.876
7.603
7.700
98.064
95.987
98.032
95.753
98.083
96.078
98.085
96.117
22.
98.054
95.928
97.850
95.622
97.785
95.592
97.764
95.501
7.698
8.054
8.519
8.660
8.'762
8.719
8.845
8.899
98.079
96.031
98.091
95.637
97.806
95.614
97.794
95.561
29.
97.468
94.980
5.
5.
11.
18.
25.
Aug.
1.
8.
15.
Sept.
12.
19.
26.
Oct.
3.
10.
17.
24.
31.
7/
%J
2/
15/
13/
12/
98.458
96.45126/
98.319
96.145
98.230
96.243
98.032
96.014
98.095
96.237
9.154
8.996
8.217
8.278
7.101
7.946
6.650
7.625
7.002
7.431
7.785
7.884
7.536
7.443
7.975
7.817
52-week:
Dec. 18__
1974-Jan. 15...,
7.741
7.142
7.............
91.485
8.422
91.618 26/
8.290
91.418
8.488
June 4.............
91.660
91.729 22/
91.652
91.781 28/
8.180
8.129
91.577
July 2............ .
8,249
8.256
91.587
8.330
8.321
92.077
7.836
92.207
7.707
92.012
7.900
Aug. 27............
90.330
9.564
90.566 22/
9.330
90.162
9.730
Sept. 24............
91.566
8.341
•91.658 40/
8.250
91.469
8.437
Oct. 22............
rpscial:
a974-Sept. 4........
federal Financing bills:
1974-July 30........
92.286
7.629
92.312 41/
7.604
92.235
7.680
91.888
9.767
91.944 42/
9.700
91.839
9.826
94.545
8.049
94.676 42/
7.855
94.480
8.144
30.............
Footnotes on following page.
November 1974
33
.PUBLIC D E B T O P E R A T I O N S
Footnotes to Table PDO-2
20/ Except $385,000 at 97.962, $2,540,000 at 97.750 and $150,000 at 97.737.
Source:
Monthly Statement of the Public Debt of the United States and
21/ Except $100,000 at 95.467, $1,240,000 at 95.375 and $300,000 at 95.349.
Allotments.
22/ Except $50,000 at 97.741.
1/ The 13-week bills represent additional issues of bills with an
22/ Except $2,425,000 at 95.905.
~ original maturity of 26-weeks.
24 / Except $5,000,000 at 98.268.
2/ For bills issued on and after May 2, 1974, includes amounts exchanged
P^/ Except $2,330,000 at 96.057.
on a noncompetitive basis by Government accounts and Federal Reserve
26/ Except $1,475,000 at 96.795.
Banks.
2 / For 13-week, 26-week tenders for $200,000 or less from any one bidder are 22/ Except $385,000 at 96.748.
28/ Except $4,000,000 at 98.089, $5,000,000 at 98.075 and $465,000 at
accepted in full at average prices of accepted competitive bids; for
98.068.
other issues, the corresponding amount is stipulated in each offering
22/ Except $10,000 at 96.208 and $295,000 at 96.134.
announcement.
20/ Except $10,000 at 98.155.
4/ Includes strip bills issued June 5, 1974.
21/ Except $200,000 at 96.308.
5 / 42 -week issues.
22/ Except $5,000,000 at 98.065 and $35,000 at 98.050.
6/ Bank discount basis.
22/ Except $200,000 at 94.331, $10,000 at 94.010, $210,000 at 93.916 and
7/ Except $10,000 at 91.911 and $65,000 at 91.801.
$35,000 at 93.785.
8/ Except $20,000 at 96.038, $15,000 at 96.000 and $540,000 at 95.993.
24/ Except $1,000,000 at 92.315 and $1,000,000 at 92.295.
2/ Except $20,000 at 98.104.
22/ Except $200,000 at 92.098 and $100,000 at 92.093.
10/ Except $10,000 at 97.986, $10,000 at 96.038 and $10,000 at 95.950.
2£/ Except $20,000 at 92.000.
11/ Except $70,000 at 97.107.
22/ Except $35,000 at 91.911 and $1,115,000 at 91.979.
12/ Except $20,000 at 97.982.
38/
Except $10,000 at 91.911 and $650,000 at 91.801.
12/ Except $10,000 at 98.037, $10,000 at 95.840, $10,000 at 95.829,
22/ Except $10,000 at 90.930 and $50,000 at 90.752.
$10,000 at 95.800 and $10,000 at 95.750.
40 / Except $20,000 at 94.513, $480,000 at 91.710, $2,440,000 at 91.709
14/ Except $10,000 at 97.813.
and $1,000,000 at 91.678.
15/ Except $10,000 at 95.800 and $10,000 at 95.650.
4i/ Except $10,000 at 97.972, $10,000 at 95.825, $10,000 at 92.500 and
16/ Except $200,000 at 97.826.
$200,000 at 92.350.
17/ Except $395,000 at 95.702 and $20,000 at 95.592.
42 / Except $20,000 at 92.525.
18/ Except $10,000 at 97.820, $10,000 at 97.713, $10,000 at 97.690,
42/
Except
$10,000 at 95.000.
$100,000 at 97.638 and $250,000 at 97.522.
r Revised.
12/ Except $1,280,000 at 95.051 and $240,000 at 95.035.
Treasury Bulletin
34
PUBLIC D E B T
OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury B illsi/
(Dollar amounts in millions)
Description of issue
1970-July
2,
9.
16.
23.
July
30.
Aug.
6.
13.
20.
27.
Sept.
2.
10.
17.
24.
Oct.
1.
8.
15.
22.
29.
Nov.
l970-0ct.
Dec.
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
$108
8
Oct.
7
1971-Jan.
15
14
1970-0ct.
1971-Jan.
22
21
1970-0ct.
1971-Jan.
29
28
1970-0ct.
1971-Jan.
5
4
1970-Nov.
1971-Feb.
12
11
1970-Nov.
1971-Feb.
19
18
’l970-Nov.
1971-Feb.
27
25
1970-Nov.
1971-Feb.
3
4
1970-Dec.
1971-Mar.
10
11
1970-Dec.
1971-Mar.
17
18
1970-Dec.
1971-Mar.
24
25
1970-Dec.
1971-Mar.
31
1
1970-Dec.
1971-Apr.
7
8
Jan.
Apr.
14
15
Jan.
Apr.
21
22
Jan.
Apr.
Jan.
28
Apr.
29
91
182
2,381
2,170
1,801
1,311
6.643
6.657
102
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
100
91
182
92
182
91
182
91
182
91
182
91
182
91
182
91
182
2,946
2,515
2,660
2,588
2,380
2,075
2,758
2,976
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
91
182
2,780
3,444
1,802
1,404
6.029
6.224
103
91
182
3,156
2,100
1,801
1,401
5.943
6.129
98
91
182
2,615
2,909
1,800
1,401
5.830
6.117
99
120
f
(
95
100
107
100
114
91
99
105
97
97
94
99
Feb.
May
4
6
91
182
3,230
2,448
1,830
1,402
5.655
5.772
19.
Feb.
May
Feb.
May
11
13
18
20
91
182
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
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.
Juiie
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
Apr.
July
1
1
91
182
2,646
2,010
1,904
1,402
4.830
4.836
202
June
Sept.
24
23
91
182
2,959
2,648
1,900
1,602
3.330
3.482
197
July
Sept.
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
5.
{
12.
Dec.
Number of
days to
maturity
Maturity
date
Issue
date
17.
24.
V
31.
1971-Mar.
25.
Apr.
1.
8.
Footnotes at end of table.
(
(
{
{
101
98
194
197
PTTRT,Tf*
d e b t o p e r a t io n s
►-3. - New Money Financing through Regular Weekly Treasury Bills 1/ —Contin
(Dollar amounts in millions)
of issue
Number of
days to
maturity
Maturity
date
1971-July
Oct.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
ease,
ease I
15
14
91
182
$3,m
2,618
$2,001
1,600
4.038
4.141
5193
Sept.
Dec.
23
23
91
182
3,044
2,670
2,203
1,603
4.954
5.133
101
Sept.
Dec.
30
30
91
182
2,917
2,303
2,200
1,601
5.078
5.278
96
Oct.
1972-Jan.
7
6
91
182
3,335
3,286
2,303
1,592
5.467
5.614
91
1971-Oct.
1972-Jan.
14
13
91
182
4,095
3,226
2,302
1,601
5.377
5.483
93
1971-Oct.
1972-Jan.
21
20
91
182
4,091
2,982
2,302
1,601
5.546
5.724
99
1971-Oct.
1972-Jan.
28
27
91
182
4,421
3,609
2,313
1,601
5.556
5.833
110
1971-Nov.
1972-Feb.
4
3
91
182
3,802
3,399
'2,301
1,601
5.273
5.618
94
1971-Nov.
1972-Feb.
11
10
91
182
3,561
2,742
2,300
1,600
5.371
5.769
98
1971-Nov.
1972-Feb.
18
17
91
182
3,269
2,877
2,302
1,600
4.923
5.203
298
1971-Nov.
1972-Feb.
26
24
92
182
3,713
2,817
2,301
1,600
4.748
4.859
198
1971-Dec.
1972-Mar.
2
2
91
182
3,769
2,616
2,300
1,600
4.551
4.771
197
1971-Dec.
1972-Mar.
9
9
91
182
3,259
2,679
2,303
1,602
4.536
4.846
203
1971-Dec.
1972-Mar.
16
16
91
182
3,123
2,452
2,300
1,601
4.836
5.085
199
1971-Dec.
1972-Mar.
23
23
91
182
3,352
2,399
2,300
1,600
4.742
4.993
96
1971-Dec.
1972-Mar.
30
30
91
182
3,950
3,046
2,301
1,600
4.675
4.973
101
Jan.
Apr.
20
20
91
182
3,515
3,275
2,301
1,601
4.493
4.634
198
Jan.
Apr.
27
27
91
182
4,155
2,983
2,302
1,601
4.444
4.530
188
Feb.
3
4
91
182
3,954
3,027
2,302
1,602
4.233
4.345
203
10
11
91
182
3,725
2,799
2,300
1,601
4.174
4.341
201
17
18
91
182
4,035
3,304
2,301
1,602
4.124
4.255
199
May
24
25
90
181
3,436
3,193
2,301
1,600
4.235
4.412
200
Mar.
June
2
1
91
182
3,583
2,842
2,302
1,601
4.324
4.431
207
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
200
May
18
17
91
182
3,816
3,104
2,405
1,801
3.065
3.537
305
25
24
91
182
3,906
3,788
2,401
1,803
3.143
3.513
303
May
Feb.
May
Feb.
May
Feb.
Aug.
May
Aug.
Treasury Bulletin
36
PUBLIC D E B T
OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills
Continued
(Dollar amounts in millions)
Description of issue
Issue
date
1972-Mar.
May
June
July
Aug.
Number of
days to
maturity
Maturity
date
2..
1972-June
Aug.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
1
31
91
182
$3,609
3,481
$2,401
1,796
3.447
3.762
$295
9..
June
Sept.
8
7
91
182
4,129
3,609
2.401
1,800
3.552
3.796
298
16..
June
Sept.
15
14
9X
182
3,462
3,016
2.401
1,801
3.846
4.196
301
23..
June
Sept.
22
21
91
182
3,816
3,477
2.401
1,801
3.919
4.322
292
18.,
Aug.
Nov.
17
16
91
182
?,564
3,113
?,301
1,801
3.6Q7
4.117
-110
25..
Aug.
Nov.
24
24
91
183
3,577
3,720
2,300
1,801
3.825
4*233
-105
1..
Aug.
Nov.
31
30
91
182
3.670
2,975
2,302
1,801
3,761
4.107
-103
8..
Sept.
Dec.
7
7
91
182
3,662
3,351
2,301
1,800
3.863
4.243
-105
15..
Sept.
Dec.
14
14
91
182
3,627
3,205
2,301
1,802
3.796
4.187
-104
22..
Sept.
Dec.
21
21
91
182
3,594
3,322
2,301
1,802
3.926
4.328
-104
13.,
Oct.
1973-Jan.
12
11
91
182
3,524
3,040
2 ,301
1,803
4.103
4.605
201
20.,
1972-Oct.
1973-Jan.
19
18
91
182
3,845
3,050
2,301
1,800
3.949
4.455
199
27.
1972-Oct.
1973-Jan.
26
25
91
182
3,723
3,707
2,301
1,800
4.046
4.585
198
3.
1972-Nov.
1973-Feb.
2
l'
91
182
3,618
3,160
2,301
1,800
3.796
4.298
200
1972-Nov.
1973-Feb.
1972-Dec.
1973-Mar.
9
8
7
8
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
10.
199
122
Sept.
7.
Nov.
2..
Feb.
May
1
3
91
182
4,036
3,864
2.401
1,901
4.766
5.141
200
9.,
Feb.
May
8
10
91
182
3,886
3,876
2,401
1.901
4.670
4.958
203
16.,
Feb.
May
15
17
91
182
3,926
3,907
2,402
1.901
4.774
5.070
202
24.,
Feb.
May
22
24
90
181
3.671
3,807
2,401
1,900
4.775
5.050
199
30.
Mar.
May
1
31
91
182
4,261
3,510
2,400
1,902
4.885
5.179
199
Mar.
June
Mar.
June
Mar.
June
15
14
22
21
29
28
91
182
4,470
3,252
3.701
3,624
3.702
3,546
2,402
1,902
2,405
1,906
200
2,404
1,903
5,100
5.309
5.089
5.298
5.111
5.312
Apr.
July
Apr.
July
Apr.
July
Apr.
July
5
5
12
12
19
19
26
26
91
182
91
182
91
182
3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
2,402
1.901
2,403
1.902
2,401
1,902
2,400
1,901
5.164
5.397
5.154
5.413
5.277
5.541
5.634
5.759
204
Dec.
14.
21.
28.
1973-Jan.
4.
11.
18.
25.
Footnotes at end of table.
91
182
91
182
91
182
208
208
201
223
200
37
November 1974
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/ —Continued
(Dollar amounts in millions)
Description of issue
Issue
date
1973-May
17
24
31
1973-June
14
21
23
July
Number of
days to
maturity
Maturity
date
5,
12,
19.
26.
{
(
(
Amount
of bids
tendered
Amount
of bid3
accepted
Average rate
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
Aug.
Nov.
16
15
91
182
$3,789
3,552
$2,501
1,693
6.180
6.457
$-111
Aug.
Nov.
23
23
91
183
3,454
3,263
2,501
1,701
6.453
6.747
-99
Aug.
Nov.
30
29
91
182
3,452
3,564
2,502
1,702
6.693
-100
1973-Se^t,
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Nov.
1974-Jan.
Feb.
May
13
13
20
20 '
27
27
4
3
11
10
18
17
25
24
1
31
14
16
91
182
91
182
91
182
91
182
91
182
91
182
3,580
3,214
4,165
3,774
4,022
3,776
2,502
1,701
2,501
1,701
6.864
91
182
91
182
91
182
3,349
3,545
3,975
3,215
4,274
3,430
3,887
3,561
3,796
3,386
4,047
4,341
2,503
1,701
2,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
2,503'
1,801
7.127
7,172
7.265
7,255
7,229
7.299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.635
8.381
-99
-104
-101
-101
-100
-103
-96
Aug.
2
Nov.
15.
19^4-May
16,
Aug.
Nov.
15
14
91
lo2
3,670
3,227
2,601
1,902
8.023
8.031
200
23.
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
202
30.,
Aug.
Nov.
29
29
91
183
3,723
3,474
2,604
1,903
7.984
8.205
206
6..
Sept,
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
5
5
12
12
91
182
2,602
1,904
2,603
1,903
8.299
8.426
8.260
8.324
8.178
8.175
7.841
8.003
205
91
182
91
182
91
182
3,578
3,383
3,693
3,792
5,054
4,261
3,925
3,017
Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
3
2
10
9
17
16
91
182
4,117
3,171
91
182
91
182
91
182
91
182
91
182
91
182
91
182
92
182
4,014
3,430
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
2,603 1/
1,905
2,602 1/
1,904
2,602 2/
1,901
2,602 2./
1,901
2,601 2/
1,902
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
5
6
19
20
26
27
91
182
3,746
3,853
4,607
3,072
4,038
3,241
June
13..
20..
27..
July
5.
11.
18.
£5.
Aug.
1.
8
15
22
29.
Sept.
5,
19,
26.
Footnotes at end of table.
19
19
26
26
24
23
31
30
7
6
14
13
21
20
29
27
91
182
91
182
2,6 0 1 3/
1,901
2,600 2 /
1,901
2,655 2/
2,007
4,264
3,651
2,805 2/
2,004
3,981
2,986
3,721
3,482
2,808 2/
2,002
2,803
2,004
2,805
2,005
2,503
1,802
2,501
1,800
-100
110
203
202
198
7.808
8.055
7.892
8.481
7.702
7.876
7.603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
8.185
8.203
7.003
7.928
204
195
189
205
196
359
408
408
)
401
404r
-198
-201
Treasury Bulletin
38
.PUBLIC DEBT OPERATIONS
Table PDO-3. - New Money Financing through Regular Weekly Treasury Billsl/-Continued
(Dollar amounts in millions)
Description of issue
Issue
date
1974-Oct.
Number of
days to
maturity
Maturity
date
10......
f
17......
h
24......
w
31......
jf
1
1
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
May
9
10
16
17
23
24
30
1
91
182
91
182
91
182
91
182
Amount
of bids
tendered
3,132
3,301
4,168
2,958
4,747
3,249
3,369
3,458
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
2,702
2,003
2,703
2,003
2,703
2,002
2,705
1,998
6.697
7.364
7.723
7.829
7.525
7.398
7.892
7.766
New money
increase, or
decrease (-)
]
201
)
201
}
202
J
199
----- *¥-------offered would be $200 million more than the amount maturing.
Source: See Table PDO-2.
It stated that a foreign central bank would bid for $200 million of the
l/ Excludes issues of strips of additional amounts of outstanding
bills
in order to achieve a better balance between its holdings of
regular weekly bills for cash on December 2, 1970 ($2,105 million),
special
Treasury issues and marketable Treasury issues.
April 6, 1971 ($2,206 million) and June 5, 1974 ($801 million).
Revised.
2/ Equivalent average rate on bank discount basis.
j/ On June 11, 1974, the Treasury announced that the amount of bills
39
November 1974
PUBLIC DEBT OPERATIONS.
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
7/2/70
7/16/70
7/23/70
8/5/70
8/5/70
8/25/70
9/24/70
2/'
10/15/70
10/29/70
10/27/70
11/5/70
11/24/70
11/25/70
12/23/70
1/27/71
1/26/71
Issue
date
7/8/70
7/23/70
4/30/70
7/31/70
8/15/70
8/15/70
8/17/70
T 5/31/70
8/31/70
6/30/70
9/30/70
10/1/70
10/21/70
ll/15/70
11/15/70
3/24/71
3/25/71
3/31/71
1/
4/27/71
5/5/71
6/22/71
6/24/71
6/30/71
7/28/71
7/27/71
8/5/71
8/24/71
8/31/71
9/22/71
2/
10/15/71
10/26/71
11/3/71
6.504%
6.467$
6.380$
7-3/4$
7-3/4$
7-1/2$
6.510$
6.396$
6.237$
6.216$
1-1/2$
5.970$
i
7/31/70
10/31/70
11/16/70
f 8/31/70
\ 11/30/70
9/30/70
12/31/70
2/15/71
2/15/71
f 10/31/70
( 1/31/71
6-3/4$
5.184$
5.010$
4.695$
6.153$
6.072$
Bill
Bill
Bill
Bill
Note
Note
Note
Bill
Bill
Bill
Bill
Note
Bill
Note
Note
Bill
Bill
Note
Bill
Bill
Bill
4.949$
4.886$
5-7/8$
6-1/4$
4.269$
4.249$
3.281$
Bill
Bill
Note
Note
Bill
Bill
Bill
f 11/30/70
t 2/28/71
7/23/70
3.691$
3.675$
3.671$
Bill
Bill
Bill
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
8/16/71
5/31/71
8/31/71
9/8/71
6/30/71
9/30/71
10/1/71
4•688$
4.790$
6$
5.425$
5.567$
5.033$
7$
7$
(
5/19/71
5/26/71
6.452$
7-1/4$
7-1/2$
2/18/71
2/23/71
Description of securities 1/
10/22/71
7/31/71
10/31/71
11/15/71
11/15/71
Footnotes at end of table.
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
Period to final
maturity
(years, months,
days) 2/
_
3/22/71 - Tax ant. 1/
4/22/71 - Tax ant. 5/
_
4/30/71 - Reopening
7/31/71
_ 2/15/74-C
- 8/15/77-B 6/
- 2/15/72-C 6/
_
5/31/71 - Reopening
8/31/71
_
6/30/71 - Reopening
9/30/71
- 10/1/75-E0
6/22/71 - Tax ant. 5/
_ 5/15/74-D
- 8/15/76-C Reopening 6/
7/31/71 - Reopening
- 10/31/71
- 5/15/72-D
_
8/31/71 Reopening
- 11/30/71
- "Strip" of 7 14/
series
_
9/30/71 - Reopening
- 12/31/71
_ 8/15/71.'-C
- 2/15/78-A
_ 10/31/71 - Reopening
1/31/72
- "Strip" of 6 16/
series
- 11/30/71 - Reopening
2/29/72
4/22/71 - Reopening
Tax ant. 5/
_ 12/31/71 - Reopening
3/31/72
- "Strip" of 11 32/
series
- 4/1/76-EA
_
1/31/72 - Reopening
4/30/72
_ 8/15/72-E
- ll/l5/74-A - Reopening 6/
- "Strip" of 8 12/
series
_
2/29/72 - Reopening
5/31/72
- 11/15/72-F
3/31/72 - Reopening
6/30/72
9/21/71 - Tax ant. 5/
_ 11/15/75-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/l5/75-E
_
7/31/72 - Reopening
- 10/31/72
- 11/15/78-B
6/
- 11/15/86 6/
-
257d
273d
273d
365d
3y
7y
ly
6m
6m
273d
365d
273d
365d
5y
244d
3y
5y
6m
9m
271d
365d
ly
6m
274d
365d
(Average) 57d
Amount of sub
scriptions tendered
Cash
4,741
4,755
1,597
2,489
_
18,819 8/
1,221
2,036
1,170
1,721
5,593
1,222
2,006
5,254
1,323
1,854
3,560
Exchange
-
3,139
2,264
_
30
4,505
2,511
_
_
_
7,679
8,389
_
-
273d
365d
1,404
2,952
272d
365d
(Average)107.5d
1,285
1,810
4,065
274d
366d
23d
1,442
2,194
5,095
_
-
275d
366d
(Average) 128d
1,491
2,177
5,080
_
-
5y
1,449
2,223
_
3,093
4y
7y
_
6m
276d
366d
ly 3m
3y 6m
(Average) 54.5d
273d
366d
ly
4|rn
275d
366d
77d
4y 3m
10y
272d
366d
ly 6m
274d
366d
5y 2£m
274d
366d
5y
3y 3-3/4m
273d
366d
7y
I5y
1,682
2,347
4,028
1,302
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/
Amount issued 3 /
For
cash
In exchange
U
2,516
2,261
500
1,202
3,190
501
1,204
501
1,202
2,515
_
501
1,201
2,037
501
1,200
2,105
501
1,201
_
500
1,199
1,204
-
3,139^1 2/
2,264J
190 10/
_
_
30
4,505^ 12/
2,511J
_
_
_
7,679\
8,389/ 15/
J
_
-
-
500
1,200
2,206
_
-
27
_
3,452
3,231
-
500
1,200
_
1,608
27
_
3,452*1
3,231/ 13/
-
_
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
1,200
1,283
500
1,201
-
2,045
500
1,200
-
24
100
11/
100
12/
100
-
501
1,201
2,001
-
Allot
ment
ratio
_
3,115\ 22/
612J
100
2Q/
100
_
_
-
22/
-
24/
11
-
21/
-
8,207^ 26/
1,192J
100
Treasury Bulletin
40
.PUBLIC D E B T O P E R A T I O N S ^
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills;—Continued
(Dollar amounts in millions)_____________________ ,
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
11/15/71
f 8/31/71
t 11/30/71
12/1/71
12/13/71
f 12/1/71
4-1/8%
4.580#
4.563#
4.558#
12/22/71
12/28/71
11/9/71
11/23/71
11/24/71
12/8/71
1/25/72
2/2/72
2/22/72
4.273%
3.846#
Note
Bill
Bill
Bill
Bill
Bill
_
_
Sl2/13/71
4.056#
Bill
-
" 9/30/71
12/31/71
>10/31/71
1/31/72
k 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
_
_
_
_
-
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
Bond
Bill
Bill
Note
Bill
Note
Bill
_
3/1/72
3/24/72
3/28/72
2/
4/25/72
5/2/72
5/23/72
6/23/72
7/25/72
8/2/72
8/24/72
9/26/72
U
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 /7 3
8/8/73
8/22/73
8/24/73
9/19/73
U
10/3/73
(12 /31/ H
^ 3/31/72
4/3/72
4/1/72
1/31/72
4/30/72
!
5-3/4#
6-3/8#
3.862#
4.091#
3.405#
4.512#
4.661#
5-7/8#
1-1/2#
4.234#
4.362#
4-3/4#
6-3/8#
4.367#
5/15/72 4.465#
2/15/72
4.754#
2/29/72 4.853#
5/31/72
4/30/72 4.731#
3/31/72
7/31/72 4.918#
6/30/72
5-7/8#
f8/15/72
( 8/15/72
6-1/4#
6-3/8#
W15/72
5.040#
5/31/72
5.178#
8/31/72
5.346#
5.529#
1-1/2#
6/30/72
6#
9/30/72
(
i
10/1/72
10/19/72
f 1/31/12
lLO/31/72
11/15/72
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 /2 8 /1 3
3/31/73
4/1/73
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 /2 8 /1 3
9/4/73
9/25/73
Footnotes at end of 10/1/73
table.
10/9/73
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#
_
_
_
_
_
_
_
_
_
_
_
_
_
-
2/15/73-D
8/31/72
11/30/72
4/21/72
6/21/72
4/21/72
Period to final
maturity
(years, months,
days) 2/
ly
3m
- Tax ant. 5/
- Tax ant. 1/
- Reopening
Tax ant. £/
6/21/72 - Reopening
Tax ant. £/
9/30/72 - Reopening
12/31/72
10/31/72 - Reopening
1/31/73
2/15/76-E
2/15/82
11/30/72 - Reopening
2/28/73
"Strip" of 15 20/
series
12/31/72 - Reopening
3/31/73
5/15/75-F
4/1/77-EA
1/31/73 - Reopening
4/30/73
5/15/73-E
2/15/82 - Reopening
2/28/73 - Reopening
5/31/73
3/31/73 - Reopening
6/30/73
4y
10y
In exchange
V
4,383
3,589
1,500 £2/
_
_
175d
2,737
-
1,016
-
274d
366d
274d
366d
1,488
2,290
1,506
2,204
_
66^
1,526
1,915
6,430
_
_
2,802
2,131
_
-
501
1,200
500
1,200
_
66
500
1,200
3,065
_
-
2 ,802 ! ,
2 ,133^2 2 /
1,534
2,320
3,845
1,468
2,455
3,377
1,306
1,615
2,150
1,282
1,961
5
_
2,514
_
-
501
1,201
1,776
500
1,200
_
5
_
-
1,279
505
501
1,200
501
1,201
2,514 22 /
1,526
2,850
_
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
1,664
3,255
3,011
_
3,353
3,214
1,240
3,937
3,195
2,985
2,167
500
3,896
3,062
4,371p
3,047
_
4,945
4,559
2,312
_
_
17
_
_
_
_
_
_
3,883
595
-
500
1,201
_
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
_
-
3m
275d
365d
l-l/2m
275d
365d
iy
9y
Exchange
For
cash
2,768
500
1,201
2,506
2,010
1,526
275d
365d
(Average) 73d
3y
5y
Cash
Amount issued 2/
_
275d
366d
142 d
191d
114d
- Reopening
Amount of sub
scriptions tendered
9m
273d
365d
'274d
365d
273d
4/30/73 - Reopening
365d
7/31/73
"2/15/76-F y
3y 6m
8/15/79-A
7y
8/15/84 y
I2y
273d
5/31/73 - Reopening
362d
8/28/73
271d
6/30/73 - Reopening
360d
9/25/73
10/1/77-E0
5y
9/30/74-E
iy ll-l/2m
273d
7/31/73 - Reopening
357d
10/23/73
/
ll/15/76-D - Reopening
4y
147d
4/20/73 - Tax ant. 5 /
355d
11/20/73
199d
6/22/73 - Tax ant. 5 /
12/31/74-F
2y
352d
12/18/73
20y lm
2/15/93
349d
1/15/74
8/15/76-G 6/
3y 6m
11/15/79-B
6y 9m
349d
2/12/74
346d
3/12/74
4/1/78-EA
5y
344d
4/9/74
5/15/80-A
7y
5/15/93-98
25y
341d
5/7/74
339d
6/4/74
336d
7/2/74
8/15/77-B - Reopening
4jr
20y
8/15/88-93
35d
9/19/73 - Tax ant. 5/
354d
8/27/74
9/30/75-G
•2y
lm
364d
9/24/74
10/1/78-E0
5y
294d
7/30/74
4,041
1,528
2,099
4,778
4,209
1 ,X)0 22 /
_
15
5,221
40
_
_
_
_
3
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
Allot
ment
ratio
££/
*
100
_
-
_
_
-
4,94ft
4,559) 25/
2,3li[
_
_
17
_
_
_
_
_
_
3,883 40/
595 41/
_
15
5,22l\ £2/
43
J
62*H
425/ ^
J
3
21/
12/
24/
100
26/
22/
28/
22/
100
42/
44 /
45/
42/
4 8/
42/
November 1974
41
PUBLIC D E B T
OPERATIONS
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills —Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
10A7/73
10/25/73
10/30/73
Issue
date
10/23/73
11/1/73
11/15/73
Description of securities l/
7.132#
6.765#
7#
Bill
Bill
Note
11/20/73
r 11/1/73
7#
7-J#
8.670#
7.708#
7.830#
12/12/73
1/9/74
2/5/74
2/6A 4
2/6/74
2/7/74
2/26/74
V 11/30/73
12/18/73
1/15/74
2/l5?74
2/12/74
2/15/74
2/28/74
3/4/74
7.790#
6.880#
6.948#
7#
6.342#
6-7/8#
7-1/2#
7.450#
Bill
Bill
Bill
Note
Bill
Note
Bond
Bill
3/6/74
3/26/74
3/12/74
3/29/74
6.897#
8.306#
Bill
Bill
3/28/74
1/
4/3/74
5/2/74
5/7/74
4/9/74
4/1/74
4/9/74
5/7/74
5/15/74
5/8/74
5/29/74
5/30/74
5/15/74
6/4/74
6/5/74
8#
1-i#
7.886#
8.421#
8-3/4#
(8-3/4#
\8-l/2#
8.248#
8.284#
Note
Note
Bill
Bill
ote
Note
Bond
Bill
Bill
7/2/74
7/30/74
7/30/74
8/7/74
8/15/74
8/15/74
8/15/74
8/27/74
9/4/74
8.256#
8.049#
7.836#
9.655#
9#
9#
8-1/2#
Bill
Bill
Bill
Bill
Note
Note
Bond
9/18/74
9/24/74
8.341# Bill
-
9/24/74
9/30/74
10/1/74
10/22/74
11/6/74
11/4/74
11/15/74
11/15/74
11/15/74
Note
Note
Bill
Note
Bill
Note
Note
Bond
-
10/31/73
11/9/73
11/14/73
11/28/73
6/20/74
7/23/74
7/24/74
8/1/74
8/6/74
8/7/74
8/8/74
8/21/74
8/28/74
2/
10/16/74
10/23/74
10/29/74
11/6/74
11/7/74
11/8/74
f 11/15/73
^ 11/15/73
Footnotes on following page.
Note
Bond
Bill
Bill
Bill
_
-
9.564# Bill
9.767# Bill
8-1/4#
1-1/2#
7.629#
7-7/8#
7.933#
7-3/4#
7-3/4#
8-1/2#
_
-
_
_
_
-
-
-
_
_
-
-
-
_
_
-
_
_
-
10/22/74
4/19/74 - tax ant. 5/
11/15/79-C
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Cash
Exchange
days) 2/
364d
169d
6y
12/31/75-H
2y
l-in
8/15/88-Q3 - Reopening
19y
9m
(Average) 43d
"Strip" of 11 Series 54/
364d
11/19/74
4,277
4,716
2,915
2,860
l,503p
2,153
3,437
2,508
3,023
3,588
3,222
3,012
3,101
3,121p
l,144p
4/19/74 - Reopening
140d
Tax ant. 5 /
203d
6/21/74 - Tax ant. 5/
12/17/74
364d
364d
1/14/75
2/15/81 - A
7y
364d
2/11/75
5A5/77 - C
3y 3m
19y 6m
8/15/88-93 - Reopening
4/19/74 - Reopening
Tax ant. j>/
46d
364d
3/11/75
6/21/74-Reopening
Tax ant. 1/
84d
3/31/76-H
2y
4/1/79-EA
5y
4/8/75
364d
364d
5/6/75
8/15/78-C
4y 3m
6/30/76-1
2y
l-|m
5/15/94-99
25y
6/3/75
364d
"Strip” of 8 Series 64 /
(Average)131d
3,202
2,984
3,580p
3,286p
904p
2,531
2,458
364d
244d
364d
44d
2,654
4,321
2,573p
4,295p
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. 5/
5/15/77-D
2y 9m
8/15/80-B
6y
24y 9m
5/15/94-99 - Reopening
8/26/75
6/30/75
9/23/75
9/30/76-J
10/1/79-E0
10/21/75
5/15/79-D
6/19/75
ll/15/77-E
ll/15/81-B
5/15/94-99 - Reopening
In exchange
U
For
cash
220
220 50 /
51/
220
136
-
1,511
302p
1,100
1,801
220\^0/
136/
-
52/
52/
-
1,002
2,000
1,803
1,802
1,516
1,802
2,258p
300p
_
327
307
250
-
5,042
2,047
_
_
_
1,515
1,801
2,523
1,532
583
656
279
_
_
-
2,936
2,461
486
1,801
1,802
l,880p
2,048p
309p
1,802
801
1,802
1,501
l,806p
l,502p
364d
299d
2,914p
4,934p
-
-
2,391p
l,834p
400p
l,782p
2,003p
364d
2,980p
-
l,803p
3,246p
205
1
l,809p
364d
4y 6m
227d
3,580p
2,273p
3,860p
4,335p
3,259p
l,8l3p
-
1,059
949
338
_
-
327^
- W
307 f
250j
i6/
52/
58/
_
_
_
12/
2
2
-
Allot
ment
ratio
1,802
2,007
2,021
_
3,773
3,359
4,44lp
3,787p
l,060p
2y
5y
3y
7ir
24y 6m
Amount issued .2/
_
2,003p
l,015p
l,501p
2,500p
l,750p
600p
3
58?|
656160/
279j
✓
61/
62/
62/
_
-
2,93^1
2,46lW
486/
66/
68/
~
205 69/
1
70/
-
1,059^
949)72/
338/
2/
72/
!&/
11/
Treasury Bulletin
42
.PUBLIC D E B T O P E R A T I O N S
Footnote 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 is in addition to the aiLnurt 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.
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 ,0 0 0 .
12/ Includes $842 million of the 7-1/4$ notes and $811 million of the
7-1/2!$ 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$) down to 100.69 (yield 6.26$).’
14/ 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 /+
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$).
24/ Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 101.44 (yield 5.92$) down to 101.00 (yield 6.02$)
with the average at 1 0 1 .1 4 (yield 5.98$).
25/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.25 (yield 5.46$) down to 100.80
(yield 5.61$) with the average at 100.89 (yield 5.58$).
26/ Includes $2,925 million of the notes and $673 million of the bonds
allotted to Federal Reserve banks and Government accounts.
27/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1971.
28/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 4.79$) 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
alloted 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$) with the average at 100.25 (yield 5.86$).
21/ 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 ax 100.18 (yield 6 .20 $).
28/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.29 (yield 5.72$) down to 100.05 (yield
5.85$) with the average at 100.09 (yield 5.83$
35/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 99.50 (yield 6.79$).
10/ Includes$1,392 million allotted to Federal Reserve banks and
Government Accounts.
41/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1973.
42 / Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.8 8 (yield 6.65$) down to 99.21 (yield
6.77$) with the average at 99.40 (yield 6.74$).
43/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1973.
44/ 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$).
45/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 98.75 (yield 7.11$).
46/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing August 15, 1973.
42/ Sold ao 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 $).
48/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 95.05 (yield 8 .00 $).
42/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.05 (yield 7.80$) down to 100.70
(yield 7.99$) with the average at 100.80 (yield 7.94$).
5Q/ Issued to Federal Reserve banks and Government accounts in exchange
for bonds maturing November 15, 1973.
51/ 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$).
5ZJ Sold at auction through competitive and noncompetitive’bidding
Prices accepted ranged from 100.49 (yield 6.73$) down to 100.09
(yield 6.94$) with the average at 10 0 .14 (yield 6 .91$).
52/ Sold at auction through competitive and noncompetitive bidding.
All accepted tenders were awarded at xhe price of 101.60 (yield 7.35$).
54/ Sale of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from November 23, 1973, through
January 31, 1974.
55/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing February 15, 1974.
56/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 6 .88 $) down to 100.00
(yield 6.98$) with the average at 100.10 (yield 6 .95 $).
57/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.92 (yield 6.56$) down to 100.35*
(yield 6.75$) with the average at 100.51, (yield 6.70$).
58/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 100.45 (yield 7 .46 $).
52/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.11 (yield 7.94$) down to 99.76
(yield 8.13$) with the average at 99.85 (yield 8.08$).
60/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing May 15, 1974.
61/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 8.56$) down to 99.96
(yield 8.76$) with the average at 100.07 (yield 8.73$).
62/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.57 (yield 8.43$) down to 99.87
(yield 8.79$) with the average at 100.00 (yield 8.73$).
63/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 102.85 (8.23$).
64/ Sold of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from September 19 through
November 7, 1974.
65/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
66 / Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.28 (yield 8 .48 $) down to 100.86 (yield
8.65$) with the average at 101.00 (yield 8.59$).
67/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.50 (yield 8.67$) down to 101.01
(yield 8.78$) with the average at 101.15 (yield 8.75$).
68 / Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.76 (yield 8.52$) down to 98.00 (yield
8.70$) with the average at 98.70 (yield 8.63$).
69/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
70/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 8.39$ (price 99.75) down to 8.20$
(price 100.09) with the average at 8 .34 $ (price 99.84).
71/ Sold at auction through competitive and noncompetitive bidding. Yields
accepted ranged from 7.93$ (price 99.787) down to 7.78$ (price 100.349)
with the average at 7.89$ (price 99.937).
72/ Issued to Federal Reserve banks and Government accounts in exchange for
securities maturing November 15, 1974.
12/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.87$ (price 99.685) down to 7.78$
(price 99.921) with the average at 7.85$ (price 99.737).
7-4/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.86$ (price 99.416) down to 7.75$
(price 100.000) with the average at 7.82$ (price 99.628).
25/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 103.50 (yield 8.17$) down to 102.79
(yield 8.23$) with the average at 103.04 (yield 8 .21 $).
p
Preliminary.
November 1974
43
PUBLIC D E B T
OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date- of
financing
Average price
per hundred
Effective
interest
rate
$ 517
1,860
1,371
3,231
2,102
$ 99.00
99.60
99.60
3.97$
5.81
5.81
100.09
5.83
2/
507
1,107
929
433
2,977
2,045
1,776
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/
2,042
1,407
1,708
3,115
100.80
99.80
99.80
7.94
7.06
7.06
220
1,511
1,731
100.14
100.14
3,037
702
3,739
Amount issued
(In millions)
Eligible securities exchanged
230k
3-7/8$
Bond
11/15/74 1/
11/15/61
5-3/4$
Note
II/15/74-A 1/
5-7/8$
1975
Note
12/31/74-F
12/28/72
5-3/4$
Note
2/l5/75-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
7$
Note
11/15/75-D
8/15/71
Note
12/31/75-H
11/15/73
Note
2/15/76-A
2/15/69
7$
197b
6-1/4$
5-7/8$
Note
5/15/71
{
C
8/15/72
2/15/76-F
'2-1/2$
5-1/4$
8$
Bond No$e Note -
Note
Bond
Note
Bond
11 /15/61
5/15/71-A
5/15/71-E
-
8/15/68-C
8/15/68
11/15/68-D
11/15/68
8-1/4$
4$
Note Bond -
8/15/71-F
8/15/71
6.91
6.91
4 -1/8 $
2/
Bond -
11/15/73
99.75
99.75
6.29
6.29
5-5/8$
4$
Note Bond -
2/15/69-A
2/15/69
99.75
99.75
99.75
99.75
99.75
5.97
5.97
5.97
5.97
5.97
5$
4$
2-1/2$
6$
2-1/2$
Note
Bond
Bond
Note
Bond
99.85
99.50
99.50
99.50
8.08
2/
7.61
7.61
7.61
100.50
99.40
99.40
7.48
6.60
6.60
6 -1/2$
4-7/8$
99.84
99.84
8.34
8.34
6$
2/
5.98
2/
-
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
1-1/2$
4$
2-1/2$
Note Bond Bond -
10/l/69-E0
10/1/69
12/15/64-69
5$
Note Note Note -
ll/15/70-A
2/15/73-C
2/15/73-C
Note -
9/30/74-E
4,945
8$
Note
3/31/76-H
l,532p
2*
1,109
571
1,683
2,511
4/9/74
L
10/1/05
7-1/2$
Note
6-1/2$
Note
V15/76-C
11/15/70
8/15/76-G
2/15/73
9/30/74
8-1/4$
Note
9/30/76-J
6-1/4$
Note
ll/l5/76-D
1977
6-7/8$
Note
5/15/77-C
2/15/74
Note
5/15/77-D
8/15/74
9$
7-3/4$
Note
f
Note
101.14
100.18
6 .2 0
2/
2/
307
2,258
2,565^.
100.51
100.51
6.70
6.70
7-3/4$
2/
Note -
2/15/74-C
2,936p
2,391p
5,327p
101.00
101.00
8.59
8.59
5-5/8$
Note -
8A5/74-B
2/
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
99.07
99.07
99.07
7.92
7.92
7.92
8 -l/8$
4$
2/
Note Bond -
8/l5/73-B
8/15/73
2,264
234
394
2,026
“2,654
100.07
100.07
100.07
8.73
8.73
8.73
7-1/4$
4-1/4$
2/
Note Bond -
5/15/74-D
5/15/74
8/15/77-B
Footnotes at end of table.
8/15/78-C
205p
l,809p
2,014p
1,283
3,041
9/8/71
11/15/72
1978
8-3/4$
1,424
2,459
3,883
5/15/74
(
343p
240p
l,848p
8/15/73
44
_
Treasury Bulletin
_ _
_
_ _ _ _ _ _ _ _ _ _ _ _ _
PUBLIC D E B T OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations,—Continued
Description of securities
Date of
financing
1978
6%
1979
6-5/8%
7%
Note
ll/l5/78-B
11/15/71
Nooe
11/15/79-B
2/15/73
Note
ll/15/79-C
11/15/73
Amount issued
(T1" millions)
{
$ 633
3,109
1,446
602
841
509
1,067
8,207
595
1,009
1,604
220
2,021
2.241
Bond
2/15/80 1/
/ 1/23/59
\ 12/15/62
Effective
interest
rate
$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
Eligible securities exchanged
5-3/8 *
7 -3/4 #
4 -3/4 #
6 -3/4 #
5#
3-7/8 #
4#
Note
Note
Note
Note
Note
Bond
Bond
-
11/15/71-B
ll/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
99.40
99.40
6.73
6.73
4 -7/8 #
2/
Note
-
2/15/73-D
100.88
100.88
6.82
6.82
4 -1/8 #
2/
Bond
-
11/15/73
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&<j savings bonds
2/
99.29
99.29
99.29
7.00
7.00
7.00
7-3/4%
4-^/4%
Note
Note
101.15
101.15
8.75
8.75
5-5/8%
2/
Note
100.28
100.28
100.28
6.95
6.95
6.95
7-3/4%
4-1/8%
2/
Note
Bond
202
411
195
807
99.20
99.20
99.20
7.11
7.11
7.11
8-1/4%
4%
2/
Note
Bond
505
100.60
6.34
2/
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/
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
;
360
101.00
101.00
101.00
4.19
4.19
4.19
4%
3-1/4%
2/
Note
Note
{
1980
4%
Average price
per hundred
884
34
*
{
34
6-7/8%
Note
5/15/80-A
5/15/73
(
2,636
2,585
2,043
7,265
9%
Note
8/15/80-B
8/15/74
(
2,461p
l,831p
4,292p
Note
2/15/81-A
-
5/15/73-A
5A5/73-E
8/15/74-B
1981
7%
'
2/15/74
25
302
(»1,515
-
2/15/74-C
2/15/74
1,842
7%
1982
6-3/8%
1984
Bond
8/15/81
8/15/71
Bond
2/15/82 1/
*5/15/72
{.
r 15
252
221
133
6-3/8%
1985
3-1/4%
Bond
Bond
8/15/84
5/15/85
8/15/72
164
535
265
457
268
L
41
2,353
<
6/3/58
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
-
8/15/71-F
8/15/71
-
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
*
1986
6-1/8%
Bond
11/15/86
11/15/71
I
1987
4-1/4%
Bond
8/15/87-92 1/
8/15/62
\\
I
365
Footnotes at end of table.
-
-
11/15/71-B
ll/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
8/15/62-B
8/15/62-G
45
November 1974
PUBLIC D E B T OPERAT I O N S
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
-
2/15/88-93
1/17/63
$-52
$99.85
4.C1%
2/
8/15/88-93
£ 8/15/73
93
333
500
925
99.05
95.05
95.05
8.00
8.00
8.00
8-1/8%
4%
2/
Note Bond -
f
136
7.78
7.78
4-1/8%
2/
11/15/73
302
100.14
100.14
Bond
V
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4%
4-1/8%
2/
Note
Bond
2/15/74-C
2/15/74
300
100.55
4.09
2/
627
40
652
692
99.50
98.75
98.73
6.79
7.11
7.11
2/
7-3/4%
2/
Note
5/15/73-A
486p
399p
98.70
98.70
8.46
8.46
5-5/8%
2/
Note
8/15/74-B
1988
4%
7-1/2%
Bond
Bond
f 11/15/73
7-1/2%
Bond
Eligible securities exchanged
8/15/73-B
8/15/73
438
8/15/88-93
2/15/74
(f
10
240
L
301
551
1989
4-1/8%
Bond
-
1993
6-3/4%
Bond
7%
1994
8-1/2%
5/15/89-94
4/18/63
_
2/15/93
1/10/73
Bond
-
5/15/93-98
5/15/73
[
I
Bond
-
5/15/94-99 1/
8/15/74
f
I
_
S85p.
1/ Additional issue.
2/ Issued for cash.
*
p
Less than $500,000.
Preliminary.
Treasury Bulletin
46
PUBLIC D E B T OPERATIONS.
Table PDO-6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description of securities
8/15/70 f 7-3/4$ Note
I 7-3/4$ Note
8/17/70 7-1/2$ Note
11/15/70 f 7-1/4$ Note
{7-1/2$ Note
11/16/70 6-3/4$ Note
2/15/71 f 5-7/8% Note
\ 6-1/4$ Note
Note
5/15/71 j 5$
^ 5-3/4$ Note
Note
6/29/71 6$
Note
8/15/71 f 7$
I 7$
Bond
8/16/71 6-1/2$ Note
9/8/71 6-1/4$ Note
10/22/71 5-7/8$ Note
(4-7/8$ Note
11/15/71 ( 6$
Note
V.6-1/8$ Bond
2/15/72 f 5-3/4$ Note
\ 6-3/8$ Bond
4/3/72 5-7/8$ Note
5/15/72 f 4-3/4$ Note
\ 6-3/8$ Bond
(5-7/8% Note
8/15/72 { 6-1/4$ Note
V,6-3/8$ Bond
Note
10/19/72 6$
11/15/72 6-1/4$ Note
12/28/72 5-7/8$ Note
1/10/73 6-3/4$ Bond
2/15/73 f 6-1/2$ Note
\6-5/8$ Note
5/15/73 f6-7/8$ Note
17$
Bond
8/15/73 f 7-3/4$ Note
\ 7-1/2$ Bond
9/4/73 8-3/8$ Note
(7%
Note
Note
11/15/73 < 7$
V7-l/2$ Bond
(6-7/8$ Note
Note
2/15/74 ( 7$
''7-1/2$ Bond
Note
4/9/74 8$
_
_
_
_
_
_
_
_
_
_
_
_
-
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C 8/
5/15/72-D
8/15/75-C
2/15/78-A
8/15/72-E
11/15/74-A 8/
11/15/72-F
ll/l5/75-D
8/15/81
2/15/73-C
11/15/76-D
2/15/75-E
11/15/73-D
11/15/78-B
11/15/86
5/15/76-E
2/15/82
5/15/75-F
5/15/73-E
2/15/82 8/
2/15/76-F
8/15/79-A
8/15/84
9/30/74-E
11/15/76-D 8/
12/31/74-F
2/15/93
8/15/76-G
11/15/79-B
5/15/80-A
5/15/93-98
8/15/77-B 8/
8/15/88-93
9/30/75-G
12/31/75-H
11/15/79-C
8/15/88-93 8/
5/15/77-C
2/15/81-A
8/15/88-93 8/
3/31/76-H
6/30/76-1
f 3-3/4$ Note 8/15/78-C
5/15/74 ( 8-3/4$ Note V8-1/2$ Band - 5/15/94-99
For
cash
3,190
2,037
_
_
2,285
195
2,514
1,283
2,0^5
2,768
24
_
66
1,776
1,279
505
_
41
2,060
3,041
2,102
627
_
1,009
2,043
652
2,026
500
2,0 4 2
1,511
2,021
302
2,258
1,515
301
l,532p
2,047p
l,879p
309p
In
exchange
for
other
securi
ties
3,139
2,264
190
4,505
2,511
7,679
8,389
3,452
3,231
3,115
613
1,500
8,207
1,192
2,802
2,131
2,514
4,945
4,559
2,312
3,883
595
5,221
40
628
425
220
220
136
307
327
250
656
583
279
U.S. Gov
ernment
accounts Commer
cial
and
Federal banks
Reserve 2/
Banks 2/
150
479
190
838
811
2,319
2,722
1,457
1,046
592
351
1,500
2,915
673
420
554
2,514
1,028
1,437
1,180
105
1,392
595
5,275
140
630
665
61
220
220
136
307
327
250
35
656
583
279
1,929
967
1,664
2,481
1,033
1,593
3,586
3,122
1,351
1,257
2,071
1,542
112
2,036
1,046
Indi
vidu
als
u
166
74
656
292
94
119
235
431
138
246
19
130
210
57
15
9
15
240
31
85
221
15
6
15
1,833
1,566
3,197
296
1,446
777
1,605
1,231
353
2,557
84
1,606
166
512
82
1,990
9
2,230
24
2,062
6
40
291
1,878
71
556
23
1,320
111
102
14
1,438
183
83 | 34
1,097
188
1,003
1,366
83
1,519
1,094
173
1,016
1,224
1,315
106
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of non
marketable 2-3/4$ Treasury bonds, investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Includes trust companies and stock savings banks.
A/ Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
Insur
ance
compa
nies
38
29
13
44
24
2
77
116
22
36
2
59
8
2
2
1
1
47
6
23
79
1
*
*
68
89
28
1
2
•*
29
16
*
3
1
8
27
1
41
25
18
46
21
11
7
10
2
8
2
1
154
263
270
68
19
10
8
10
Mutual
Corpo
sav
ings
rations
banks 1/
38
22
43
37
10
4
34
90
13
26
3
35
9
5
1
1
4
33
1
26
29
4
*
*
33
44
7
1
3
3
6
5
*
2
*
4
6
_
*
1
7
8
10
10
1
62
35
78
61
40
11
91
98
30
38
8
37
8
36
5
35
52
51
4
36
27
24
4
1
202
43
23
3
31
1
42
59
1
Private
pension
and re
tirement
funds
6
20
18
13
7
3
22
133
13
26
2
9
2
2
1
1
1
19
2
5
21
1
*
*
3
24
31
*
2
*
2
17
*
49
39
41
28
9
6
1
1
2
7
73
136
4
38
22
4
8
6
2
1
•*
*
23
9
13
3
State and local
governments 6/
Dealers
Pension
and re Other and
brokers
tire
funds
ment
funds
2
335
167
6
47
513
110
269
3
4
193
343
22
2
392
*
198
4
260
8
714
496
123
631
177
3
93
4
93
263
*
2
68
405
3
94
6
76
2
*
52
272
*
21
125
1
46
14
_
992
53
1,150
235
9
2
185
3
1
558
85
26
296
46
1
1
70
*
2
10
*
1
125
2
703
79
6
100
275
7
405
33
*
*
15
*
2
440
1
*
1
214
*•
68
273
*
21
296
26
400
1
8
11
346
16
1
309
6
1
56
*
7
644
All
other
2/
248
72
325
205
77
104
334
424
135
196
111
209
24
52
67
104
84
311
13
117
121
54
26
10
186
769
45
41
202
29
2
104
112
71
30
23
23
22
*
*
59
1
*
*
20
15
*
14
*
*
312
447
98
473
370
103
47
16
35
151
6
9
8
2
14
14
10
3
5
5
11
16
21
1
165
288
96
51
100
201
125
56
6/ Consists of trust, sinking, and investment funds of State and loeal
governments and their agencies.
7/ 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 $500,000.
p Preliminary.
n.a. Not available.
November 1974
47
______________________________ PUBLIC DEBT OPERATIONS_____________________________
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series
(In millions of dollars)
Total amount issued
Date of
maturity
Date of
finaneing
Average
rate
One-year
series
9-month
series
1/
Tax antic
ipation
series
(Percent)
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
5/31/71
3/22/71
4/22/71
4/30/71
7/31/71
K 5/31/71
8/31/71
^ 6/30/71
9/30/71
6.452
6.504
6.467
6.380
6.510
6.396
6.237
6.216
6/22/71
i 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
K 2/29/72
L 5/31/72
5.970
6.153
6.072
5.384
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
9/21/71
4/30/72
7/31/72
5/31/72
8/31/72
6/30/72
9/30/72
5.425
5.567
5.033
5.944
5.953
5.090
5.125
5.242
5.279
6/30/71
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
f
1
/
I
/
t
f
I
/
\
7/31/72
10/31/72
8/31/72
11/30/72
4/21/72
6/21/72
f 4/21/72
\ 6/21/72
f 9/30/72
12/31/72
10/31/72
^ 1/31/73
/ 11/30/72
1 2/28/73
{ 12/31/72
L 3/31/73
/ 1/31/73
I 4/30/73
/ 2/28/73
\ 5/31/73
/ 3/31/73
i 6/30/73
' 4/30/73
7/31/73
5/31/73
8/28/73
6/30/73
c 9/25/73
7/31/73
V. 10/23/73
4.496
4.490
4.580
4.563
4.558
4.273
3.846
4.056
3.930
3.927
3.891
3.936
3.862
4.091
4.512
4.661
4.234
4.362
4.367
4.466
4.754
4.853
4.723
4.918
5.040
5.178
5.346
5.529
5.223
5.318
2,517
2,261 •
500
1,202
501
1,204
501
1,202
2,515
501
1,201
501
1,201
501
1,201
500
1,199
501
1,201
2,001 5/
500
1,200
500
1,200
500
1,201
1j 200
500
1,752
501
1,202
500
1,200
500
1,201
500
1,200
500
1,201
2,506
2,010
1,526 2/
1,016 J/
501
1,200
500
1,200
500
1,200
501
1,201
500
1,200
501
1,200
501
1,201
500
1,201
501
1,803
500
1,801
1,802
501
Allotments by investor classes
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
_
Commer
cial
banks
Corpo
rations
y
2,483
2,256
49
59
160
216
224
250
2,510
167
304
160
339
211
211
_
Dealers
and
brokers
All
other y
20
17
11
15
5
22
252
41
159
454
153
446
133
246
137
310
798
127
209
65
233
15
250
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
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
125
473
175
540
250
407
175
425
195
324
1,748
215
319
56
360
136
217
5
21
6
15
5
21
20
46
124
229
94
219
184
374
148
464
51
153
4
11
109
5
38
21
49
150
517
200
345
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
1
2
11
21
-
182
442
80
411
400
-
20
39
17
32
16
6
6
4
104
a
66
52
170
447
156
414
100
383
162
409
125
317
150
373
200
377
205
427
200
498
252
562
200
484
-
150
468
150
558
125
424
150
543
150
695
175
553
150
496
75
627
73
194
140
654
125
578
-
10
11
*
12
5
10
15
16
109
482
216
244
123
384
135
232
-
83
210
185
270
126
241
173
337
165
608
135
408
160
632
*
*
10
6
11
10
12
*
1
*
5
412
107
199
76
953
109
594
186
504
-
1
*
2
144
37
89
113
116
24
91
25
70
41
135
26
187
47
116
140
30
86
Treasury Bulletin
48
.PUBLIC D E B T O P E R A T I O N S .
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series—Continued
(In millions of dollars)
Total amount issued
Date of
financing
Date of
maturity
11/24/72
11/30/72
12/5/72
12/31/72
4/20/73
11/20/73
6/22/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
9/19/73
8/27/74
9/24/74
7/30/74
10/22/74
4/19/74
13/19/74
f 4/19/74
^ 6/23/74
12/17/74
1/14/75
2/11/75
4/19/74
3/11/75
6/21/74
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
8/26/75
Average
rate
One-year
series
Special
issues
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
S/15/73
8/28/73
9/25/73
10/9/73
10/23/73
10/1/73
13/20/73
13/30/73
12/18/73
1/15/74
2/12/74
3/4/74
3A2/74
3/29/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/27/74
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
6.880
6.948
6.342
7.452
6.897
8.306
7.887
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
2,012
1,802
609
_
2,510
1,800
728
747
745
760
715
500
625
727
1,804
1,801
1,790
1,802
1,800
1,801
1,802
_
2,017
1,805
1,802
1,804 6/
1,802
2,007
-
615
-
1,801
600
-
1,803
1,802
1,802
808
728
871
1,801
757
1,002 5 /
2,000
-
-
1,516 5 /
-
2,523 V
1,801
1,802
1,802
1,802
1,806
1,803
8 .4 2 2
8.249
8.256
7.836
9.564
Source: Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
421
639
y
669
567
642
759
536
435
Commer
cial
banks
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392
539
400
442
631r
873
Corpo
rations
1/
75
Dealers
and
brokers
All
other y
73
499
8
455
1
177
222
138
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
4
2
4
3
17
1
6
5
2
585
313
382
474
135
255
544
276
5
5
40
1
584
548
45
400
20
179
185
170
430
173
259
10
200
20
414
344
444
381
489
336
_
_
10
1
*
26
_
11
-
11
6
11
12
15
21
2
215
3
315
346
305
208
135r
138
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
5/ Reopening of earlier issue.
6/ 42-week issue.
* Less than $500,000.
November 1974
49
,P U B L I C D E B T
OPERATIONS^
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollar amounts in millions)
Called or maturing securities \/
Date of
refunding
or retire
ment
7/31/70
Results of ex
change offers
Issue
date
Amount
out
standing
Cash
retire
ment
7/31/70
7/31/70
7/31/69
7/31/69
1,202
500
1,202 ^
500 j 2/
8/15/70
5/15/69
2,329
2,329
8/15/70
6/20/63
4,129
4,129
1,272
7521,868
1,512
6,458
1,201
501
1,758
1,005
500
6,458
5,404
7,675
7,016
Description
7.313% Bill
7.244% Bill
Disposition offers
by Treasury
Exchange
security
offered
8/15/70
Ex
changed
Turned
in for
cash 2/
306
749
1,055 j/
-
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
113
1.003
502
7,675
113
1,003"! 3/
502 J 27
ll/30/7b
r7.591% Bill 6.995% Bill -
11/30/70
11/30/70
11/30/69
11/30/69
1,001
500
1,0011
500 J
12/31/70
r7.561% Bill 6.101% Bill -
12/31 70
12/31/70
12/31/69
12/31/69
1,002
500
1,002^
500 J
1/31/71
r7.533% Bill k6.843% Bill -
1/31/71
1/31/71
1/31/70
1/31/70
1.003
500
5-3/8% Note -
2/15/71-Ct
8/30/67
2,509
2,509
353
7-3/4% Note -
2/15/71-D
8/15/69
2,924
2,924
575
2-1/2% Bond -
3/15/71
12/1/44
1,219
1,219
5-3/8% Note -
ll/15/71-B
11/15/66
1,734
1,734
8/31/70
9/23/70
9/30/70
10/1/70
10/31/70
11/15/70
7.340%
7.777%
"6.177%
'7.350%
7.801%
1-1/2%
^7.127%
^7.724%
5%
Bill
Bill
Bill
Bill
Bill
Note
Bill
Bill
Note
Description of new
securities offered
(See also Table PDO-4)
r7-3/4%
7-3/4%
7-3/4%
7-3/4%
3,139
2,264
Note
C-1974
B-1977
Note
Note
C-1974
B-1977
Note
of Note C-1974
of Note B-1977
l,20lV
501 J i/
■
“,758 V
1,758"
,005 'I
500 J 1/
660
0
2,427
2,480
7-3/4% Note -
ll/15/71-G
5/15/70
10,743
10,743
3-7/8% 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
2/15/72
11/15/62
2,344
2,344
893
786
600
606
* 387"
304
634
730
29,614
29,614
16,067
4,505 of 7-1/4% Note &-1974
2,511 of 7-1/2% Note C-1976
" 5-7/856
6-1/4*
* 5-7/8%
_6-1/456
”5-7/856
_6-1/4%
k5-7/8%
(6-1/4%
“ 5-7/8%
V 6-1/4%
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
r 5-7/8%
^6-1/4%
"5-7/8%
^6-1/4%
' 5-7/8%
6-1/4%
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
-
C-1975
A-1978
_
-
_
-
_
2/15/71
4%
Bond -
Total.
2/28/71
I6.932% Bill L7.353% Bill -
2/28/71
2/28/71
2/28/70
2/28/70
1,200
500
3/15/71
2-1/2% Bond -
3/15/71
12/1/44
269
269
3/22/71
6.452% Bill -
3/22/71
7/8/70
2,517
2,517
3/31/71
f6.132% Bill I7.068% Bill -
3/31/71
3/31/71
3/31/70
3/31/70
1,201
501
l,20ll
2/
501J ■
4/1/71
1-1/2% Note -
4/1/71-EA
4/1/66
35
4/22/71
I6.504% Bill ^3.671% Bill -
4/22/71
4/22/71
7/23/70
3/30/71
2,261
2,001
2,261*1
' 4/
2,001J
4/30/71
f6.814% Bill I6.467% Bill -
4/30/71
4/30/71
4/30/70
4/30/70
1,200
500
1,200 ^
500 J 1/
Footnotes at end of table.
1,200^
500 J 2/
4/
35
5-7/8% Note
L 6-1/4 % Note
928
_
-
_
_
-
f 7,679 of 5-7/8% Note
1 8,389 of 6-1/4% Note
C-1975
A-1978
C-1975
A-1978
C-1975
A-1978
50
Treasury Bulletin
PUBLIC D E B T
OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury B ills—Continued
(Dollar amounts in millions)
‘Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
[5-1/4%
Note
Amount
out
standing
Cash
retire
ment
Results of ex
change offers
Exchange
security
offered
changed
Description of new
securities offered
(See also Table PDO-4)
Turned
in for
cash 2/
5/15/71-A
8/15/66
4,265
4,265
r 1,780 ^
^ 1,860 j
626
5/15/71-E
10/1/69
4,176
4,176
r 1,672^
I 1,371 j
1,133
8,442
8,442
6,682
1,759
5#
5-3/4#
Note
Note
E-1972
E-1974
5-3/4#
Note
Note
E-1972
A-1974
5/15/71
Note
-
Total.
5/31/71
[7,277%
\6.510%
Bill
Bill
5/31/71
5/31/71
5/31/70
5/31/70
1,200
501
1,200
♦501
6/22/71
5.970%
Bill
6/22/71
10/21/70
2,515
2,515
6/30/71
7.079%
6.237%
Bill
Bill
6/30/71
6/30/71
6/30/70
6/30/70
1,201
501
1,201
501
Bill
Bill
7/31/71
7/31/71
7/31/70
7/31/70
1,202
501
1,202^1
501J
Bond
8/15/71
3/1/62
2,806
2,806
Note
8/15/71-F
2/15/70
2,257
2,257
1,708
411 <
1,407*
202
5,063
5,063
3,727
1,336
509
268
304
(
7/31/71
[6.380%
\6.153*
8/15/71
J4%
\8-l/4%
Total.
8/31/71
8/31/71
8/31/70
8/31/70
1,204
501
1'20A
3/
501J-y
9/21/71
7/6/71
1,752
1,752^4/
9/30/71
9/30/71
9/30/70
9/30/70
1,202
501
1>202. /
501
10/1/71-E0
10/1/66
72
Bill
Bill
10/30/71
10/31/71
10/31/70
10/31/70
1,201
500
3-7/8%
Bond
11/15/71
5/15/62
1,081
1,081
5-3/8%
Note
11/15/71-B
11/15/66
967
967
7-3/4%
Note
ll/15/71-G
5/15/70
5,836
5,836
4-3/4%
Note
5/15/72-B
5/15/67
5,310
5,310
8/31/71
f6.396%
I5.048%
Bill
Bill
9/21/71
5.033%
Bill
9/30/71
C4.949%
1-1/2%
6.215%
Bill
Bill
Note
[6.072%
^4.369%
10/1/71
10/31/71
11/15/71
-
-
5/15/72-D
11/16/70
2,037
2,037
4%
Bond
8/15/72
9/15/62
2,579
2,579
11/30/71
12/31/71
1/31/72
2/15/72
21,262
1,201
501
1,201
500
1,199
500
800
800
Bill
Bill
Bill
Bill
Bill
Bill
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
2/15 /72 -C
8/17/70
2,690
2/15/72
11/15/62
980
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
3,139
3,125
4,505
3,577
3,139
3,125
4,505
3,577
18,816
18,816
Note
7-3/4%
4-1/8%
7-1/4%
4-1/4%
21,262
5/15/71
7-1/2%
<4%
3,452
8/15/72-E
Note
£
3,452
Note
5.010%
3.691%
4.886%
3.507%
4.249%
4.403%
r4-3/4%
-
Bond
Note 7/Bond 7/_
Note 7/Bond 7/-
Total.
Footnotes at end of table.
649
Note
Bond
Note
Bond
D-1975
8/15/81
D-1975
8/15/81
3,115 of 7% Note
612 of 7% Bond
l,20l\ ,
500J-
Note
Total..
7%
7%
'7%
7%
687
72
6-3/4%
5%
3,452 of 5% Note
3,231 of 5-3/4# Note
633
98
‘3,109^
487
'1,446**
187
237
2 ,2 4 0
602
58
:1,067
58
9,399
r6%
6-1/8%
k6%
6-1/8%
Note
Bond
Note
Bond
[6%
Note
Bond
1/8%
^6%
6-1/8%
8,207 of
1,192 of
2,781
231
2,690
6/
Note
f &%
6-1/8% Bond
Note
"6%
6-1/8% 'Bond
"6%
Note
6-1/8% Bond
724
5-3/4%
6-3/8%
(
_
_
_
_
_
-
Note
Bond
6% Note
6-1/8% Bond
Note
Bond
r5-3/4% Note
6-3/8% Bond
5-3/4%
6-3/8%
310
Note
Bond
8/
I
4,933
1,264
[2,802 of 5-3/4% Note
I2,131 of 6-3/8% Bond
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
11/15/86
B-1978
H / 15/86
E-1976
2/15/82
E-1976
2/15/82
E-1976
2/15/82
51
November 1974
PUBLIC D E B T O P E R A T I O N S
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date of
refunding
or retire
ment
Issue
date
Description
2/29/72
3.675% Bill
4.688% Bill
-
3/31/72
3.587% Bill
5.425% Bill
_
4/1/72
1-1/2% Note
4/21/72
4.558% Bill
3.846% Bill
4/30/72
4.422% Bill
5.944% Bill
5/15/72
4-3/4% Note
6-3/4% Note
-
5/31/72
4.790% Bill
5.090% Bill
Amount
out
standing
Cash
retire
ment
2/29/72
2/29/72
2/28/71
2/28/71
1,201
500
500J *
-
3/31/72
3/31/72
3/31/71
3/31/71
1,200
500
1,200^ «/
500
-
4/1/72-EA
4/1/67
34
_
-
4/21/72
4/21/72
12/1/71
12/1/71
2,506
1,526
2,506^1 /
l,526j^/
-
4/30/72
4/30/72
4/30/71
4/30/71
1,201
501
1'2011
501J *3/
5/15/72-B
5/15/72-D
5/15/67
11/16/70
3,676
1,377
1,294^9 /
1,245J
-
5/31/72
5/31/72
5/31/71
5/31/71
1,201
500
1>201\3/
500J
2-1/2% Bond
-
6/15/72
6/1/45
1,226
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
1,016
2,010*1
1,016J
6/30/72
5.567% Bill
5.242% Bill
_
6/30/72
6/30/72
6/30/71
6/30/71
1,200
500
1,200^1
500 /
7/31/72
5.953% Bill
4.496% Bill
-
7/31/72
7/31/72
7/31/71
7/31/71
1,202
500
1,202^1
500J
-
8/15/72-E
5/15/71
2,574
6/15/72
{
-
_
_
-
_
Results of ex
change offers
Disposition offers
by Treasury
Called or maturing securities 1/
Exchange
security
offered
Ex
changed
Turned
in for
cash 2/
Description of new
securities offered
(See also Table PDO-4)
34
2,382
132
(5-7/8%
5%
Note
<6-1/4%
^6-3/8%
Note
Note
Bond
379
(5-7/8%
<6-1/4%
J6-3/8%
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
232
2,574
}
f 699 ^
4%
Bond
8/15/72
9/15/62
1,453
1,453
\ s |
Jl,097 1
2-1/2% Bond
9/15/72
10/20/41
1,951
1,951
i s ]
6%
8/15/72
Note
( 2-1/2% Bond
-
-
11/15/72-F
12/15/72
6/29/71
11/15/45
2,285
2,547
2,285
r 630 A
\ 1 97)
133 J
2,547
J 805
\ 223 )
I 165 J
f 1,235-"I
I «5 j
5-3/4% Note 7/ -
ll/15/74-A
11/15/67
7,212
7,212
3-7/8% Bond 7/ -
11/15/74
12/2/57
2,236
2,236
f
756 ^
5,148
I
f
265 J
677 'I
2,045
I 457 J
f 555 ^
5-3/4% Note 7/ 5-7/8% Note 7/ -
2/15/74-A
2/15/75-E
2/15/68
10/22/71
5,148
2,045
-
-
I 268 J
Total.
27,451
27,451
8/31/72
J 5.125% Bill
1 4.580% Bill
8/31/72
8/31/72
8/31/71
8/31/71
9/15/72
2-1/2% Bond
9/15/72
10/20/71
9/30/72
5.279% Bill
3.930% Bill
9/30/72
9/30/72
9/30/71
9/30/71
1-1/2% Note
10/1/72-E0
10/1/67
33
4.490% Bill
3.891% Bill
10/31/72
10/31/72
10/31/71
10/31/71
1,200
500
1,200^ 3/
500J2/
6%
Note
*4.563% Bill
3.862% Bill
11/15/72-
6/29/71
1,326
1,326 2/
11/30/72
11/30/72
11/30/71
11/30/71
1,201
501
1,201} 2/
501/
10/1/72
10/31/72
11/15/72
11/30/72
(
f
Footnotes at end of table.
1,200
500
454P
1,201
501
1,200^1,
500J-2/
454p
1>201>l 3/
501 J 2'
33
11,816
612
-
-
_
-
_
-
-
_
-
_
(5-7/8%
<6-1/4%
|6-3/8%
Note
Note
Bond
(6-1/4%
\6-3/8%
Note
Bond
-
/6-l/4%
\6-3/8%
Note
Bond
-
/6-l/4%
\6-3/8%
Note
Bond
/6-l/4%
\6-3/8%
Note
Bond
-
_
_
_
_
-
5-7/8% Note
A,945
<4,559 of 6-1/4% Note
of
6-3/8%
Bond
\2,312.
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
8/15/84
A-1979
8/15/84
A-1979
8/15/84
A-1979
8/15/84
Treasury Bulletin
52
PUBLIC D E B T OPERATIONS,
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills!—Continued
________________________ (Dollar amounts in millions)_________________________
Disposition offers
Called or maturing securities 1/
Results of ex
change offers
by Treasury
Date ef
refunding
or retire
ment
2-1/2J6 Bond
12/15/72
11/15/45
l,351p
f3.927# Bill
U.512# Bill
13.936% Bill
14.234# Bill
6-1/2# Note
4-7/8# Note
Bill
Bill
*4.661# Bill
4.754# Bill
1-1/2# Nooe
4.721# Bill
r4.362# Bill
^4.731# Bill
*7-3/4# Note
14-3/4# Note
"4.465# Bill
5.040# Bill
12/31/72
12/31/72
1,200
501
1,200
500
4/30/73
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
2,514
4,268
1,200
501
1,201
501
34
2,012
1,200
500
5,844
3,792
1,200
500
12/15/72
12/31/72
1/31/73
2/15/73
2/28/73
3/31/73
4A /73
4/20/73
4/30/73
5/15/73
5/31/73
Issue
date
Description
Amount
out
standing
1/31/73
1/31/73
2/15/73
2/15/73
2/28/73
2/28/73
3/31/73
3/31/73
4/1/73-EA
4/20/73
6/22/73
5.089# Bill
6/30/73
f4.853* 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
{
4.918* 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
Bond
8/15/73-B
2/15/70
9/15/63
1,839
3,894
I
4*
8/15/73
Cash
retire
ment
2,514
4,268
1,2001
501/
1,201\
501j
34
2,012 ■
2,663 12 /
2,598 12 /
325 14 /
<728 15 /
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
1-1/2# Note
5.318# Bill
4-1/8# Bond
5.225# Bill
5.337# Bill
10/1/73-E0
10/1/68
10/31/72
7/22/64
12/31/72
30
1,802
4,336
1,802
1,800
1A5/74
5.986# Bill
3/15/74
1/33/73
1.804
1.804
2A2/74
6.050# Bill
r 7-3/4# Note
V 4-1/8# Bond
2/12/74
2/15/74-C
2/15/74
2/28/73
8/15/70
1/15/65
1,801
2,960
2,466
1,801
2,621
1,902
3/31/73
4/1/69
4/30/73
llA /7 3
llA /7 3
11/1/73
1,790
34
1,802
2,007
1,002
1,516
1,800
1,790
12/18/
2/15/74
3/L2/74
4A /74
4/V74
4A9/74
5/7/74
5/15/74
6/4/74
6/21/74
7/2/74
6.616#
1-1/2#
6.598#
f 6.765#
< 7.830#
17.452#
6.818#
Bill
Note
Bill
Bill
Bill
Bill
Bill
3/12/74
4/1/74-EA
4/9/74
4A9/74
4A9/74
4A9/74
576 16/
34
5/7/74
5/31/73
5/15/74-D
11/15/70
5/15/64
7.235# Bill
6/4/74
6/30/73
1,801
1,801
6/21/74
6/21/74
11/30/73
11/30/73
7/2/74
7/31/73
2,000
2,523
1,802
2,00<3\
2,523)
1,802
r 7 .790 # Bill
1 8.306# Bill
8.392# Bill
5/15/74
4,334
2,847
3,335
2,328
7/30/74
7.702# Bill
7/30/74
10/9/73
1.804
1.804
8/15/74
5-5/8# Note
8/15/74-B
8/15/68
10,284
4,401
8/27/74
8.387# Bill
8/27/74
8/28/73
1.804
1.804
9/20/74
9.652# Bill
9/20/74
8/7/74
1,526
1 ,526 y
9/24/74
8.057# Bill
9/24/74
9/25/73
1,802
1,802
9/30/74
6#
9/30/74-E
10/19/72
2,060
1,855
Note
10/22/74
7.132# Bill
10/22/74
10/23/73
1,802
1,802
11/15/74
5-3/4* Note
11A5/74-A
11/15/67
12/2/57
5,442
1,213
3,238
1,071
3-7/8* Bond
Footnotes on following page.
11A5/74
342 17/
542 18/
1,802
2,00ft
1,002U/
1,51$/
1,800
'7-1/4# Note
4-1/4# Bond
C
Turned
in for
cash 2/
501/-
5.178# Bill
10/23/73
11/15/73
11/20/73
12/18/73
Exchanged
1,20C)V
500/'
8/28/73
10/1/73
10/23A 3
11/15/73
security
offered
999 1 ^
519 20 '
5,883 21,
205 22
2,204 22
142 24
1,425
2,458
1,089
1,810 11/
Description of new
securities offered
(See also Table PD0-4)
53
November 1974
.PUBLIC D E B T O P E R A T I O N S
Footnotes to Table PDO-7
Source- 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 PD0-4N.
4 / 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.
5/ Of this amount $10 million of the 6-3/8% notes and $180 million of
the 4% bonds were exchanged by Federal Reserve banks and Government
accounts for 1-1/2% notes of Series C-1972. Other holders of the
maturing securities were not given preemptive rights to exchange
their holdings for the 1-1/2$ notes.
6/ Federal Reserve banks and Government accounts exchanged $1,500 million
of the notes for 4-7/8$ notes issued November 15, 1971.
7/ Subscribers exchanging these securities m y 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.
9/ Public holders of these securities were not given preemptive rights tc
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
+-he-ir« v,0idings frr the 6-5/8# no+es.
V>/ Exchanged
'yi T’es#»rve banks and Oove‘"T'T*w»r»+ accounts for
million of 6-7/8# notes of Series \-1980 and $40 million of 7# bonds
of 1993-98 issued May 15, 1973.
13/ Exchanged tty 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 l-f% bonds of 1988-93 issued
November 15, 1973.
17/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8# notes of Series C-1977, $25 million of 7# notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2#
bonds of 1988-93 issued February 28, 1974.
18/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7# notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2# bonds of 1988-93 issued February 28, 1974.
19/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4# notes of Series 1-1976 and $343 million of 8-3/4#
notes of Series C-1978 issued May 15, 1974.
20/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4# notes of Series C-1978 and $279 million of 8-1/2#
bonds of 1994-99 issued May 15, 1974.
21/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9# notes of Series D-1977, $2,461 million of 9# notes of
Series B-1980 and $486 million of 8-1/2# bonds of 1994-99 issued
August 15, 1974.
22/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4#
notes of Series J-1976 issued September 30, 1974.
23/ Exchanged by Federal Reserve banks and Government accounts for
$1,059 million of 7-3/4# notes of Series E-1977, $949 million of
7-3/4# notes of Series B-1981 and $196 million of 8-1/2# bonds of
1994-99 issued November 15, 1974.
24 / Exchanged by Federal Reserve banks and Government accounts for 8-1/2#
bonds of 1994-99 issued November 15, 1974.
p
Preliminary.
Note: Information on retirement of tax anticipation issues referred to
__________ _
in footnote 4. in millions of dollars;
Date of
retirement
9/23/70
3/22/71
Securities
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 "I
2,001 J
2,515
1,752
Redeemed
for
taxes
Redeemed
for
cash
750
457
1,008
2,060
957
3,3J5
1,158
1,357
899
853
4,033
3,026
1,023
1,934
3,0 1 0
1 ,100
6/21/72
Bill
4/20/73
6/22/73
9/19/73
4/19/74
6/21/74
9/20/74
Bill
Bill
2,012
2,510
912
1,687
Bill
Bill
Bill
Bill
2,017
4,525
4,522
1,526
494
817
836
402
1,092
823
1,523
3,708
3,686
1,124
Treasury bulletin
54
______________ P U B L I C D E B T
O P E R A T I O N S _____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars; dollar amounts in millions)
Amount
Issue
date
Maturity
date
Interest
rate
(Percent)
f 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
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
15
632
270
50
350
30
44
100
70
250
17
450
417
24
83
31
193
91
40
25
Notes
' 6/17/71
6/24/71
7/7/71
7/14/71
7/7/72
7/14/72
7/19/72
I
\ 7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
7/19/72
w7/20/72
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
6.00
6.05
6.10
5.00
_
200
200
500
500
500
500
500
500
500
200
100
100
20c
200
-
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
5.85
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
_
Certificates of indebtedness
f 5/4/72
5/10/72
5/12/72
5/12/72
5/16/72
5/17/72
5/17/72
5/17/72
5/17/72
5/18/72
5/18/72
5/24/72
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
55
105
70
50
8
20
15
20
18
2
10
275
100
35
600
35
30
100
55
105
70
50
20
10
258
350
100
35
600
35
30
100
41
_
-
7/22/71
\ 7/29/71
^ 8/24/72
8/24/72
8/24/72
11/29/73
5.94
6.15
5.05
200
Month of
Activity
Securities
r
Certificates of indebtedness
1972-July.........
Aug.......... \
Notes
-
Issued
Retired
Total outstanding
end of month
557
15
75
30
44
100
40
25
405
50
300
878
270
350
417
-
► 20,039
V 19,728
100
100
J
November 1974
^5
____________________________________________ P U B L I C D E B T O P E R A T I O N S ____________________________________________
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)
Maturity
date
Interest
rate
(Percent)
6/20/72
6/20/72
6/23/72
6/26/72
7/18/72
7/19/72
Certificates of indebtedness
8/11/72
8/14/72
8/16/72
9/20/72
9/20/72
9/25/72
> 9/26/72
8/26/71
Notes
< 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
Certificates of indebtedness < 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
Notes
*
r
f 9/23/71
^ 10/26/72
10/26/72
1/24/74
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
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
11/3/72
11/10/72
11/13/72
11/14/72
11/15/72
11/16/72
11/16/72
11/17/7.2
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
Month of
Activity
1972-Sept............
Oct.............
Securities
Certificates of indebtedness
-
Issue
date
Amount
Issued
_
_
_
_
-
_
-
564
362
728
159
_
157
200
_
-
-
Retired
564
362
728
159
30
50
50
8
2
_
_
200
_
15
632
50
30
44
100
250
70
120
17
24
83
31
193
40
25
40
10
-
5.40
5.60
_
200
200
-
3.80
3.95
3.95
3.95
3.95
3.95
3.95
3„92
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
A.80
4.80
4.80
5.10
4.80
5.20
_
55
105
70
20
15
20
18
10
100
235
35
600
35
30
100
5
50
_
-
55
105
70
20
15
20
18
10
35
115
706
55
100
>19,745
<
300
15
632
30
50
44
100
250
70
120
11
25
26
195
40
25
_
_
-
Total outstanding
end of month
-
-
_
5
“
>19,304
*s
>19,120
Treasury Bulletin
56
PUBLIC D E B T O P E R A T I O N S
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
1972-Dec.
Maturity
date
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
4/18/73
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
5.20
5.40
5.20
5.20
5.15
5.30
5.30
5.30
5.30
5.30
5.30
5.65
7/1/68
7/2/68
10/28/71
1/15/73
1/25/73
1/2/73
1/2/73
1/25/73
7/15/77
4/25/74
6.00
6.00
4.80
2.50
5.93
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
11/24/72
2/2/73
2/7/73
2/7/73
2/8/73
/Certificates of indebtedness
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
Notes
< 11/29/71
^ 2/22/73
“12/20/72
12/20/72
12/26/72
2/9/73
2/14/73
3/6/73
Certificates of indebtedness
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
*>.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
5.10
5.15
5.70
5.45
5.90
5.90
5.90
5.90
6.35
6.35
6.35
Securities
(Certificates of indebtedness
Notes
1973-Jan.
Feb.
Interest
rate
(Percent)
Issue
date
Month of
activity
(Certificates of indebtedness
Amount
Issued
Retired
75
362
564
728
159
5
100
20
Total outstanding
end of month
>18,921
362
337
227
900
12
632
25
44
100
70
250
11
25
120
26
195
40
25
619
23
20
44
100
70
250
11
25
40
50
25
18,756
20
10
5
200
156
200
55
105
70
20
15
18
20
45
15
30
55
6
413
32
105
102
1,483
36
70
30
3,050
261
180
65
15
30
32
>23,792
36
30
400
200
100
300
337
362
900
102
180
601
109
2,523
189
337
200
900
>26,760
57
November 1974
.PUBLIC D E B T O P E R A T I O N S
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
Notes
1973-Apr.
Issue
date
Securities
Interest
rate
(Percent)
f
9/9/68
J
12/6/71
\ 12/23/71
3/22/73
I 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
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
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
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
6.20
Certificates of indebtednes
Certificates of indebtedness
May.
{
Certificates of indebtedness
Maturity
date
6 .3 0
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
Amount
Issued
Retired
Total outstanding
end of month
10
100
200
100
200
619
44
100
250
70
11
25
40
50
25
619
44
100
250
70
11
25
40
50
25
>
26,755
5
175
100
275
706
100
55
413
105
1,483
70
261
2,650
15
65
30
75
100
55
413
105
1,480
70
261
1,170
1,500
15
65
706
30
100
26,594
3
90
150
240
227
23
109
601
2,523
189
262
200
900
619
109
601
2,503
20
189
489
200
900
652
26,781
Treasury Bulletin
58
.PUBLIC D E B T O P E R A T I O N S .
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries-C ontinued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Issue
date
Securities
f
12/24/68
12/27/68
6/25/71
3/30/72
6/21/73
6/25/73
6/29/73
Gsrtificates of indebtedness
1973-July.
Notes
Aug.
/ Certificates of indebtedness
Maturity
date
6/25/73
6/27/73
6/25/73
6/21/73
9/19/74
6/23/80
12/29/77
Interest
rate
(Percent)
Amount
Issued
6.03
5.97
600
200
200
600
199
6.55
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
7/17/73
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
f 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
6.00
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
44
250
70
6.20
6.20
6.20
6.20
6.20
6.20
11
25
40
50
25
261
489
15
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
44
2
3
20
30
8
17
250
70
1
5
7
11
} 26,420
25
1
3
14
40
50
6
24
5
18
1
25
24
53
264
100
200
200
6.45
6.30
4.60
7.20
7.30
200
200
8.10
175
175
55
413
105
1,170
70
15
65
30
135
109
89
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
8.15
8.15
8.15
8.15
8.35
8.35
8.35
8.35
Total outstanding
end of month
2
20
6.20
5.05
7.10
6.95
2.50
Retired
2
20
3
30
8
17
7
5
1
3
14
1
8
16
6
5
18
1
14
55
16
24
53
3
14
16
59
November 1974
.PUBLIC D E B T O P E R A T I O N S .
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
IV73-Sept.
Certificates of indebtedness
Notes
Certificates of indebtedness
Oct.
Notes
Issue
date
Maturity
date
Interest
rate
(Percent)
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
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
6/06/’.3
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
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
1/11/74
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
Amount
Issued
413
105
1,170
70
15
65
45
8
30
1
472
-
-
-
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
Retired
Total outstanding
end of month
_
8
-
_
_
_
45
8
_
-
150
2,503
466
100
200
885
652
38
1
-
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
-
~
)26,420
Treasury Bulletin
60
.PUBLIC D E B T O P E R A T I O N S
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
Issue
date
Maturity
date
Interest
rate
(Percent)
5/9/73
5/14/73
5/17/73
5/30/73
6/6/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/31/73
9/6/73
9/6/73
9/26/73
9/26/73
< 9/28/73
10/19/73
11/2/73
11/7/73
11/9/73
11/9/73
11/9/73
11/14/73
11/14/73
11/14/73
11/16/73
11/16/73
11/16/73
11/30/73
11/30/73
11/30/73
L 11/30/73
f 8/24/72
{i 11/29/73
1 9/20/73
S 9/24/73
9/25/73
9/26/73
9/27/73
10/1/73
< 12/20/73
12/21/73
12/27/73
12/27/73
12/28/73
S, 12/31/73
J1 2/2/72
{ 9/21/72
^ 12/27/73
f 10/2/73
10/2/73
10/9/73
10/9/73
10/17/73
10/17/73
10/18/73
10/19/73
10/26/73
10/31/73
<
12/20/73
12/27/73
12/31/73
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/18/74
1/25/74
^ 1/31/74
/ 10/26/72
\ 1/24/74
> 11/2/73
11/7/73
11/9/73
11/9/73
11/14/73
H/ 14/73
11/16/73
11/16/73
n/ 9/73
u / 14/73
11/16/73
11/30/73
12/6/73
11/2/73
11/7/73
11/9/73
11/14/73
ll/U/73
11/16/73
11A6/73
11/30/73
12/6/73
12/6/73
12/26/73
12/26/73
12/28/73
1/28/74
2/1/74
2/7/74
2/8/74
2/8/74
5/9/74
5/14/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28A4
2/28/74
5/30A4
5/30/74
2/28/74
12/19/74
12/20/73
12/21/73
12/27/73
12/28/73
12/27/73
12/31/73
3/20/74
3/21/74
3/27/74
3/27/74
3/28/74
4/1/74
12/3/73
12/27/73
1/9/75
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/17/74
1/18/74
1/18/74
1/25/74
1/31/74
3/20/74
3/27/74
4/1/74
4/2/74
4/2/74
4/9/74
4/9/74
4/17/74
4A8/74
4/25/74
5/1/74
1/24/74
4/24/75
6.45
6.45
6.45
6.90
7.25
8.35
8.50
8.50
9.00
9.00
9.00
9W.00
8.70
8.80
8.80
7.35
7.35
7.35
7.20
7.20
8.10
8.10
8.10
8.00
8.40
8.65
8.65
8.65
8.65
8.65
7.70
7.70
7.70
7.70
5.50
7.20
8.80
8.80
7.35
7.35
7.35
7.35
7.40
7.40
7.35
7.35
7.35
7.40
4.80
5.60
7.12
7.15
7.15
7.35
7.35
7.20
7.20
7.20
7.20
6.95
7.20
7.40
7.35
7.40
7.40
7.40
7.65
7.65
8.00
8.00
8.00
7.80
5.60
7.35
7.20
8.10
8.10
8.10
8.65
8.65
8.65
8.65
Securities
f
1973-Nov.........
I Certificates of indebtedness
Notes
V.
Certificates of indebtedness
Dec......... <
v Notes
r
Certificates of indebtedness
1974-Jan.........
<
Notes
2/1/74
2/7/74
2/8/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
Amount
Issued
_
-
55
413
40
33
1,480
1,500
1,170
70
65
15
626
472
2,533
20
158
200
-
204
88
26
92
73
59
Retired
Total outstanding
end of month
1,480
1,500
706
100
20
55
413
40
1,170
70
65
15
472
2,533
15£
150
601
364
10
> 24,477
426
200
_
200
86
26
73
92
58
_
_
_
_
_
> 24,461
22
200
200
_
_
_
_
_
_
_
_
_
_
_
106
215
158
95
180
7
25
123
_
200
-
-
104
215
158
95
250
45
11
7
25
417
30
92
59
106
_
_
_
_
_
-
200
-
55
413
40
33
70
1,170
65
200
>
23,757
61
November 1974
.PUBLIC D E B T O P E R A T I O N S
Table PDO-8. -Foreign Series Securities (Nonm arketable)
Issued to Official Institutions of Foreign Countries-Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
1974-Feb.
Securities
(Certificates of indebtedness
Certificates of indebtedness
Apr.
Certificates of indebtedness
Notes
May.
\ Certificates of indebtedness
Issue
date
1 11/16/73
11/30/73
11/30/73
12/28/73
2/1/74
2/7/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
2/28/74
2/28/74
* 9/6/73
12/20/73
12/21/73
12/27/73
12/28/73
1/9/74
2/7/74
2/14/74
3/1/74
3/6/74
3/12/74
3/13/74
3/18/74
3/21/74
3/22/74
3/25/74
I 3/26/74
r 1/02/74
1/09/74
1/17/74
1/18/74
1/25/74
4/01/74
4/02/74
4/08/74
4/09/74
4/09/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
4/26/74
4/30/74
r 1/25/73
^ 4/25/74
f 11/09/73
11/14/73
11/30/73
1/31/74
2/01/74
2/08/74
2/14/74
2A4/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
3/01/74
5/01/74
5/02/74
5/02/74
5/08/74
5/09/74
5/09/74
5/09/74
\ 5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/14/74
5/14/74
5/14/74
5/15/74
5/15/74
5/14/74
5/15/74
Maturity
date
2/15/74
2/28/74
2/28/74
3/28/74
5/2/74
5/7/74
5/8/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/28/74
5/28/74
3/6/74
3/20/74
3/21/74
3/27/74
3/28/74
4/9/74
5/7/74
5/14/74
5/31/74
6/6/74
6/12/74
6/13/74
6/18/74
6/21/74
6/21/74
6/25/74
6/26/74
4/02/74
4/09/74
4/17/74
4/18/74
4/25/74
7/01/74
7/02/74
7/08/74
7/09/74
10/09/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/30/74
4/25/74
7/24/75
5/09/74
5/14/74
5/30/74
5/01/74
5/02/74
5/08/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/31/74
8/01/74
8/02/74
8/02/74
8/08/74
6/20/74
6/27/74
7/05/74
7/11/74
7/18/74
7/25/74
8/01/74
8/08/74
7/15/74
8A2/74
9A6/74
8A4/74
8/14/74
8/15/74
8/15/74
Amount
T
i lwi v+ co tl » o c +0
rate
(Percent)
8.65
7.70
7.70
7.35
7.80
6.95
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.10
7.20
7.20
8.75
7.40
7.40
7.35
7.35
7.65
6.95
7.10
7.20
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
7.40
7.65
8.00
8.00
8.00
8.30
8.35
8.35
8.65
8.40
8.05
8.05
8.05
8.05
7.85
7.85
7.85
8.90
5.93
8.40
8.00
8.40
7.70
7.80
7.80
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.20
7.20
8.90
8.90
8.90
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
8.05
8.05
8.05
8.05
8.05
8.05
8.05
Issued
Retired
_
15
158
3,005
10
-
-
55
421
40
70
1,196
65
204
15
80
80
3,000
14
-
77
165
12
21
486
87
68
49
10
_
_
62
219
12
79
79
180
7
167
150
25
50
17
23
200
_
_
_
_
_
_
_
_
_
_
_
_
123
160
55
40
200
200
200
200
200
200
200
100
890
890
890
70
65
208
15
Total outstanding
end of month
23,762
-
158
174
88
26
63
95
421
106
4
-
215
158
180
7
25
_
_
_
_
_
_
_
_
_
_
_
> 24,086
200
1,480
1,500
20
123
55
40
1,090
70
65
204
15
3,014
80
73
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
>24,400
62
Treasury Bulletin
.PUBLIC D E B T
OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficia l In stitu tion s o f Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
Issue
date
Securities
Notes
Certificates of indebtedness
1974-June.
f
Notes
J
\
L
Certificates of indebtedness
July.
Notes
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/30/74
5/31/74
2/22/73
5/23/74
3/6/74
3/12/74
3/13/74
3/18/74
3/21/74
3/22/74
3/25/74
3/26/74
4/1/74
4/8/74
4/26/74
4/30/74
5/9/74
5/9/74
5/28/74
5/28/74
6/6/74
6/6/74
6/10/74
6/12/74
6/13/74
6/21/74
6/25/74
6/26/74
6/25/71
3/22/73
3/29/73
6/5/74
6/25/74
6/27/74
4/1/74
4/2/74
4/9/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
5/9/74
5/9/74
5/9/74
5/9/74
5/14/74
5/28/74
5/31/74
6/13/74
6/21/74
6/25/74
7/1/74
7/2/74
7/9/74
7/15/74
7/16/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/29/74
7/31/74
4/26/71
7/7/71
7/14/71
7/8/74
7/15/74
7/25/74
Maturity
date
7/29/74
8/08/74
8A5/74
8/22/74
8/28/74
9/30/74
9/30/74
12/02/74
8/30/74
5/23/74
8/28/75
6/6/74
6/12/74
6/13/74
6/4/74
6/21/74
6/21/74
6/25/74
6/26/74
7/1/74
7/8/74
7/26/74
7/30/74
6/20/74
6/27/74
7/29/74
8/28/74
11/6/74
12/6/74
9/10/74
9/12/74
9/13/74
9/20/74
9/25/74
9/26/74
6/25/74
6/27/74
6/27/74
6/5/81
6/25/81
10/2/75
7/1/74
7/2/74
7/9/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/5/74
7/11/74
7/18/74
7/25/74
7/15/74
7/29/74
8/30/74
9/13/74
9/20/74
9/25/74
10/1/74
10/2/74
1/9/75
10/15/74
10/17/74
10/17/74
10/18/74
10/18/74
10/21/74
10/25/74
10/25/74
10/25/74
10/29/74
8/2/74
7/25/74
7/8/74
7/15/74
7/8/81
7/15/81
10/30/75
Interest
rate
(Percent)
7.60
7.70
7.65
7.75
8.00
7.85
7.85
8.20
8.00
6.15
8.30
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
8.30
8.35
7.85
8.90
9.05
9.05
7.60
8.00
8.10
8.45
8.30
8.30
8.30
8.20
7.85
7.85
6.45
7.00
6.80
2.50
7.90
8.40
8.30
8.35
8.65
8.05
8.05
8.05
8.05
7.85
7.85
9.05
9.05
9.05
9.05
8.05
7.60
8.00
8.30
8.20
7.85
7.85
7.80
8.35
7.90
7.55
7.70
7.70
7.70
7.70
7.60
7.60
7.60
7.60
7.70
6.75
6.65
6.60
8.25
8.25
8.10
Amount
Issued
Retired
Total outstanding
end of month
850
100
200
200
864
850
80
20
73
300
300
165
12
21
486
87
68
49
10
14
12
17
23
200
200
441
14
82
82
17
12
21
155
49
10
17
12
10
600
100
200
445
600
300
48
219
79
890
250
180
170
7
150
50
25
2
409
132
48
219
79
180
167
7
150
50
25
200
200
200
200
890
409
9
21
68
49
48
275
200
200
200
200
275
23,412
63
November 1974
_______________ P U B L I C D E B T O P E R A T I O N S _______________
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
r
Certificates of indebtedness
Notes
Sept.............([Certificates of indebtedness
Notes
Oct.............
(Certificates of indebtedness
Notes
Source:
Bureau of the Public Debt.
*
Less than $500,000.
Issue
date
Maturity
date
Interest
rate
(Percent)
f 2/28/74
5/01/74
5/02/74
5/02/74
5/08/74
5/09/74
5/09/74
5A4/74
5/14/74
5/15/74
5A 5/74
5/15/74
5/28/74
5/28/74
< 5/28/74
5/28/74
5/31/74
7/31/74
8/01/74
8/02/74
8/08/74
8/12/74
8/13/74
8A3/74
8/13/74
8/13/74
8/14/74
8/14/74
8/15/74
8/15/74
8/28/74
^ 8/28/74
/ 5/24/73
t 8/22/74
8/28/74
8/01/74
8/02/74
8/02/74
8/08/74
8/01/74
8/08/74
8A 2/74
8/14/74
8/14/74
8/15/74
8/15/74
8/08/74
8/15/74
8/22/74
8/28/74
8/30/74
8/02/74
11/01/74
11/04/74
11/08/74
11/12/74
11/13/74
11/13/74
11/13/74
11/13/74
11A4/74
11/14/74
11/15/74
11/15/74
11/27/74
1/28/75
8/22/74
11/28/75
7.10
8.90
8.90
8.90
9.05
9.05
9.05
8.05
8.05
8.05
8.05
8.05
7.70
7.65
7.75
8.00
8.00
7.70
7.70
7.70
8.50
8.50
8.80
8.80
8.80
8.80
8.80
8.80
8.80
8.80
9.90
9.40
7.00
8.90
f 5/14/74
5/28/74
5/28/74
6/21/74
7/02/74
7A5/74
7/29/74
< 8/01/74
9/05/74
9A6/74
9/20/74
, 9/30/74
f 6/21/73
\ 9/19/74
r 4/09/74
7/15/74
7A6/74
7A 7/74
7A8/74
7/18/74
7A9/74
7/25/74
7/25/74
9/05/74
9/30/74
10/09/74
10/09/74
10A1/74
10A5/74
10A5/74
10/17/74
< 10/17/74
10/18/74
10/18/74
10/18/74
10A8/74
10/18/74
10/21/74
10/21/74
10/22/74
10/24/74
10/24/74
10/25/74
10/25/74
10/29/74
10/31/74
( 7A9/73
/ 10/01/74
\ 10/24/74
9/16/74
9/30/74
9/30/74
9/20/74
10/02/74
10A5/74
10/29/74
11/01/74
3/06/75
12A6/74
12/20/74
10/31/74
9/19/74
12A8/75
10/09/74
10/15/74
10/17/74
10/17/74
10/18/74
10/18/74
10/21/74
10/25/74
10/25/74
3/06/75
10/31/74
4/09/75
12/04/74
lAo/75
1/15/75
1/15/75
1/17/75
1A7/75
12/04/74
1/06/75
1A5/75
1/37/75
1/17/75
1/21/75
1/23/75
1/23/75
10/30/74
10/30/74
1/24/75
1/24/75
1/15/75
4/30/75
10/24/74
10/01/81
1/29/76
8.05
7.85
7.85
8.20
7.80
7.90
7.60
7.70
9.88
9.10
8.20
6.10
7.10
8.35
Amount
Issued
_
-
_
_
_
_
_
_
_
_
-
73
55
40
890
2
_
5
70
65
212
15
850
80
_
Retired
80
123
55
160
40
200
100
890
70
65
208
15
100
200
200
850
65
132
_
_
_
_
_
2
5
_
200
8.40
_
7.90
7.55
7.70
7.70
7.70
7.70
7.60
7*60
9.88
6.10
7.75
6.40
6.70
7.75
7.75
7.75
7.75
6.95
7.70
7.70
7.75
7.75
7.75
7.60
7.45
8.55
8.55
7.55
7.55
7.90
7.90
8.10
2.50
7.80
_
_
_
_
_
_
_
_
_
_
79
2
78
16
441
180
6
2
1
3
7
174
150
132
100
2
_
25
4
5
80
_
212
175
PI £>r7r7
J
21,544
240
-
2,000
890
60
80
k
_
_
_
890
850
80
83
219
449
409
73
_
Ann
<cJL,OUU
_
_
_
>
/
-
240
_
_
_
_
Total outstanding
end of month
N
_
_
-
200
79
441
250
180
7
170
150
25
50
300
80
_
_
_
_
_
_
_
_
_
_
_
_
_
_
2
_
_
_
-
175
/
Treasury Bulletin
64
PUBLIC D E B T
OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
Month of
activity
Certificates of indebtedness
1970-July,
Notes
Aug..
Sept.
Oct..
Certificates of indebtedness
Notes
Notes
Certificates of indebtedness
1971-Jan..
Notes
Certificates of indebtedness
Feb..
Notes
Mar..
Certificates of indebtedness
Certificates of indebtedness
May.
June.
Certificates of indebtedness
Notes
Certificates of indebtedness
July.
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 1/
Foo1-•'otcc at end of trble.
T Swiss francs
t Swiss francs
Issue
date
1/23/70
7/23/70
C Swiss
) Swiss
S Swiss
V.Swiss
i Swiss
\ Swiss
J Swiss
t Swiss
C Swiss
) Swiss
\ Swiss
V.Swiss
^ Swiss
Swiss
Swiss
Swiss
Swiss
w Swiss
Swiss
Swiss
Swiss
rSwiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
J Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
V
Swiss
Swiss
J Swiss
( Swiss
1 Swiss
Swiss
f Swiss
/ Swiss
\ Swiss
V*Swiss
f Swiss
( Swiss
L Swiss
f Swiss
t Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
4/9/69
4/29/70
7/9/70
7/29/70
2/6/70
8/6/70
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
T
1
f
l
j
l
francs
francs
francs
francs
francs
francs
francs
francs
francs
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
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Amount
(Dollar equivalent)
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
2/18/71
5/18/72
9/10/71
7/22/71
8/5/71
9/10/71
9/10/71
6/1/71
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
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
Issued
Retired
Total outstanding
end of month
100
100
_
_
30
39
1,366
50
1,366
101
1,366
22
134
1,366
30
40
_
50
_
101
_
-
22
133
_
100
100
-
30
1,366
30
_
50
50
-
1,366
30
30
250
_
_
-
1,616
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
27
_
_
55
105
105
55
_
_
-
33
43
-
Ill
2
1.664
53
27
29
53
27
29
333
269
25
1.664
1,998
263
24
32
42
2,005
2,008
106
2,013
65
November 1974
PUBLIC D E B T OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Month of
activity
Payable
in —
Securities
Issue
date
Maturity
date
Interest
rate
(percent)
Issued
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
4/5/73
4/17/73
2/4/72
8/4/72
3/3/72,
10/2/73
10/2/73
5/18/72
5/30/72
8/20/73
8/30/73
7/21/72
1/19/73
7/3/72
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
3.625
4.25
57
May..
Notes
July.
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 marks
Aug..
Certificates of indebtedness
Swiss francs
Swiss francs
2/4/72
8/4/72
8/4/72
2/2/73
Sept,
Notes
Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
Oct..
Notes
f German marks
/ Swiss francs
| Swiss francs
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
C Swiss francs
/ Swiss francs
| Swiss francs
v.Swiss 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
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
12/13/72
3/11/74
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
C Swiss francs
✓ Swiss francs
\ Swiss francs
\,Swiss 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
I 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
1972-Jan.
/
Notes 1/
Certificates of indebtedness
Notes
Feb..
Certificates of indebtedness
Mar.,
Notes
{
Nov..
Notes
Notes
Certificaxes of indebtedness
1973-Jan.
Notes
Certificates of indebtedness
Feb.
i
Footnotes rt end of trble.
( Swiss francs
(
f
Retired
17
17
17
18
19
1
1
1
3
1
1
6
1
Total outstanding
end of month
2,147
12
24
140
105
111
25
148
55
56
76
153
153
33
33
33
34
111
114
76
56
28
153
57
1,850
28
31
1,852
153
275
26
1,710
29
32
114
li/
33
43
1,713
57
1,561
154
111
129
1,578
Treasury Bulletin
66
PUBLIC D E B T OPERATIONS
Table PDO-9. - Foreign Currency Series Securities {Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
Securities
Certificates of indebtedness 4 /
1973-Apr.
Notes
July.
Certificates of indebtedness
Certificates of indebtedness
Aug.
Notes
Oct
Nov,
Notes
Notes
Certificates of indebtedness
1974-Jan,
Notes
Payable
in —
Issued
5.25
5.75
10
5
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
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
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
19
46
4
4
3
6
3
3
26
2
3
4
francs
francs
francs
francs
1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
J Swiss francs
^Swiss francs
Swiss francs
[vwiss francs
Swiss francs
ISwiss francs
Swiss francs
ISwiss francs
]Swiss francs
JSwiss francs
German marks
1/19/73
7/19/73
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
fSwiss
J Swiss
\ Swiss
V*Swiss
Swiss
Swiss
iSwiss
Swiss
ISwiss
ISwiss
francs
francs
9-01-72
11-30-73
11-30-73
2-28-75
5.50
6.98
francs
francs
francs
francs
7-19-73
1-18-74
10-06-72
1-07-74
1-18-74
7-18-74
1-07-74
4-07-75
6.125
8.05
5.70
7.07
11/06/72
11/20/72
2/06/74
2/20/74
2/06/74
2/20/74
5/06/75
5/20/75
5.40
5.25
6.60
6.60
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
5.70
5.70
6.00
3-09-73
6-07-74
1-18-74
7-18-74
4-05-73
4-17-73
7-05-74
7 -I7-74
6-07-74
9-08-75
Mar.
Notes
f Swiss
J Swiss
S Swiss
V* Swiss
francs
francs
francs
francs
Apr.
Notes
Notes
Amount
(Dollar equivalent)
7/19/73
8/2/73
Notes
Certificates of indebtedness
Interest
rate
(percent)
1/19/73
2/2/73
Feb.
July.
Maturity
date
J Swiss francs
\ Swiss francs
f Swiss francs
J Swiss francs
\ Swiss francs
Swiss francs
June.
Issue
date
Swiss
Swiss
? Swiss
/ Swiss
\ Swiss
V*Swiss
francs
francs
francs
francs
francs
francs
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.
7-18-74
1-20-75
7-05-74
7-17-74
10-06-75
10-17-75
8 .4 0
8.40
8.60
Retired
Total outstanding
end of month
25
148
29
170
124
1,746
127
62
391
37
383
> 1,758
172
1.586
32
1.586
64
38
400
38
33
127
127
1,588
65
67
32
35
1,589
311
29
1,597
23
14
49
1.599
33
36
318
30
24
15
50
6.625
8.35
8.05
7.90
127
6.93
6.70
8.55
8.40
29
170
129
129
1.599
127
29
170
1.599
2/ The principal amount of this note was increased $1 million to compenrsate 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.
November 1974
67
.U N IT E D STATES SAVINGS BONDS.
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April30, 1957.
been on sale since May 1, 1941,
interest yields,
sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
Series
through April 30,
from May 1, 1941
maturities, and other terms appear in the
Treasuiy Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
1941.
September
through April
Seri es J and K were sold from May 1, 1952
Details of the principal changes in issues,
May and
October 1961,
1970; and the Annual
June 1968,
and
Report of the Secretary of
the Treasury for fiscal years 1966 through 1973.
through
Table SB-1. - Sales and Redem ptions by Series, Cumulative through October 31, 1974
(In millions of dollars)
Sales
Series
Series
Series
Series
Series
Accrued
discount
Sales plus
accrued
discount
Amount outstanding
Redemptions 1/
Interestbearing debt
Matured
noninterestbearing debt
A-D 2/..............
E and H.............
F and G.............
J and K.............
3,949
174,661
28,396
3,556
1,054
41,173
1,125
198
5,003
215,834
29,521
3,754
4,999
153,023
29,501
3,748
62,811
_
_
-
20
5
Total A-K.................
210,561
43,551
254,112
191,271
62,811
29
_
4
Table SB -2. - Sales and Redem ptions by P eriods, A ll Series Combined
(in millions of dollars)
Amount outstanding
Redemptions 1/
Matured
noninterestbearing debt
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
Price 2/
Accrued
discount 2/
Interestbearing debt
Fiscal years:
1935-64........
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
156,519
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,940
6,514
6,429
22,727
1,517
1,554
1,626
1,735
1,789
1,841
2,056
2,310
2,564
2,749
179,246
6,060
6,204
6,592
6,473
6,338
6,291
7,138
8,249
9,078
9,178
129,807
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
117,782
4,488
4,792
4,971
4,978
5,237
5,508
4,342
4,306
4,494
5,366
12,025
858
932
951
1,003
1,102
1,240
1,083
1,032
1,092
1,314
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
61,921
139
110
95
88
82
82
55
46
39
34
29
Calendar years:
1935-63........
1964..........
1965..........
1966..........
1967..........
1968.......... .
1969.......... .
1970........... .
1971.......... .
1972.......... .
1973.......... .
Months:
154,106
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,270
21,974
1,508
1,527
1,591
1,686
1,759
1,832
1,909
2,192
2,426
2,673
176,080
6,117
6,013
6,451
6,584
6,455
6,224
6,574
7,669
8,662
8,943
127,051
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,211
115,431
4,445
4,552
5,043
4,842
5,094
5,457
5,072
4,224
4,322
4,945
11,621
807
889
957
951
48,827
49,734
50,324
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
201
158
141
164
126
112
64
50
42
37
31
482
682
142
721
567
587
589
583
636
227
207
242
251
222
227
235
214
592
516
393
793
472
412
321
652
378
411
432
414
496
121
104
72
242
709
889
384
972
789
814
824
797
878
541
574
509
558
312
247
259
265
853
821
768
822
59,953
60,326
60,317
60,497
60,789
61,097
61,381
61,658
61,921
62,183
62,339
62,533
62.811
32
32
31
31
30
30
30
30
29
29
28
28
29
Period
1973 -Dct....... .
Dec....... .
1974-Jan....... ,
Feb....... .
Mar....... .
Apr........
May....... .
June...... .
July...... ,
Aug.......
Sept.......
Footnotes at end of Table SB-4.
488
515
541
520
616
592
666
574
,542 _
________
474
533
458
_£?6
1 ,040
1,182
1,223
1,021
1,043
1,266
.
141
111
104
109
106
119
117
132
116
107
68
Treasury Bulletin
_______________________________________UNITED STA TE S 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
Total
Sales
price 2/
Amount outstanding
Accrued
discount
Interest-bearing
debt
Matured
noninterestbearing debt
Series E and H combined
Fiscal vears:
1941-64...........
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
Calendar years:
1941-63...........
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Months:
1973-Oct..........
120,619
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,514
6,429
20,389
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749
141,008
118,206
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
137,851
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6 ,2 3 6
2 ,4 2 6
6,270
2,673
1974-Jan..........
Feb..........
Mar..........
May..........
482
682
227
207
142
721
567
587
589
583
242
636
541
574
509
558
July.........
Aug..........
Sept.........
251
222
227
235
214
242
312
247
259
265
6,045
6,192
6,584
6,470
6,337
6,291
7,138
8,249
9,078
9,178
6 ,1 0 1
6,000
6,440
6,578
6,452
6,224
6,574
7,669
8,662
8,943
93,271
4,987
5,305
5,449
5,715
6,198
6,721
5,416
5,331
5,581
6,675
83,359
4,154
4,408
4,536
4,739
5,112
5,484
4,334
4,294
4,490
5,361
9,912
833
897
913
976
1,086
1,237
90,744
4,841
5,117
5,477
5,439
5,915
6,565
81,244
9,499
780
863
916
919
1,017
1,173
6 ,2 8 1
5,237
5,359
6,206
592
516
393
792
709
889
384
972
789
814
824
797
878
488
514
541
519
615
591
666
574
544
853
821
768
822
4 ,0 6 1
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,311
4,972
471
412
321
651
377
411
432
414
496
474
533
458
437
1,082
1,037
1,091
1,314
1 ,221
1,0 2 0
1,049
1,234
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
55,921
59,418
61,921
_
“
47,106
-
4 8 ,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
121
59,953
104
72
141
60,326
111
104
109
106
119
117
132
116
107
60,317
60,497
60,798
61,097
61,381
61,658
61,921
62,183
62,339
62,533
62,811
-
_
-
_
-
Series F, G, J, and K combined £/
Fiscal years:
1941-64............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
Calendar years:
1941-63...........
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Months:
1973 -Oct..........
Nov.•.........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June....... .
July.........
Aug..........
Sept.........
Oct..........
31,951
_
_
_
_
_
_
1,284
15
12
8
4
1
_
_
_
33,235
15
12
8
4
1
_
-
_
_
_
31,951
1,274
16
14
10
6
2
*
_
_
_
Footnotes at end of Table SB-4.
—
_
33,226
16
14
10
6
2
*
_
_
_
_
*
*
31,736 1/6/2/8/
358 2/
418 2/
472
266
140
27
8
6
5
5
30,373
333
384
434
239
124
24
7
5
4
4
1,172
?4
35
38
27
16
3
1
1
1
1
1,563
1,248
856 *
397
140
-
127
99
86
80
75
76
49
41
34
30
25
31,317 sfuyto
410 8/ 2/
323 2 /
522
353
30,161
383
297
481
322
195
65
11
6
5
4
1,157
27
26
40
32
23
9
2
1
1
1
3,757
1,368
1,075
540
229
27
.
-
504
147
131
155
118
105
58
44
37
32
27
218
74
13
7
5
5
*
*
*
*
*
*
*
*
1
*
1
*
*
■*
*
*
*
*
*
1
*
*
*
•*
■*
*
*
*•
*
*
1
-1
*
-
-1
Oft
onI
c
on
c
.(
on(
£
26
”
—
“
<cO
OK
c
.Z>
25
25
24
24
25
November 1974
69
_________________________ UNITED STATES SAVINGS B O N D S _______________________
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 1/
Total
Sales
price 2/
Accrued
discount 2/
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal year:
1941-64.............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
Calendar vears:
1941-63.............
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
111,750
4,112
4,246
4,599
4,466
4,343
4,289
4,870
5,650
6,190
6,145
20,389
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749
132,139
5,614
5,787
6,217
6,196
6,131
6,130
6,926
7,960
8,755
8,894
90,943
4,538
4,801
4,895
5,154
5,548
5,959
4,959
4,972
5,209
6,156
81,031
3,705
3,904
3,982
4,178
4,462
4,772
3,877
3,932
4,118
4,842
9,912
833
897
913
976
1,086
1,237
1,085
1,037
1,091
1,314
1,006
188
212
216
196
184
210
231
292
338
310
40,190
41,078
41,853
42,959
43,805
44,205
44,167
45,902
4 8 ,598
51,806
54,234
109,602
4,132
4,092
4,450
4,574
4,452
4,221
4,503
5,218
5,922
5,988
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
129,247
5,623
5,606
6,031
6,255
6,209
6,052
6,412
7,411
8,348
8,661
88,610
4,425
4,650
4,913
4,941
5,300
5,835
5,626
4,871
5,007
5,740
79,110
3,646
3,787
3,997
4,022
4,283
4,661
4,405
3,851
3,958
4,507
9,499
780
863
916
919
1,017
1,173
1,221
1,020
1,049
1,234
897
198
190
224
207
191
180
228
249
329
319
39,740
40,739
41,504
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
463
667
130
685
535
556
564
559
608
516
538
491
515
227
207
691
874
372
936
757
784
799
773
850
828
785
750
780
563
472
361
740
451
476
500
480
569
546
615
526
500
416
368
289
599
341
372
392
375
449
428
483
411
392
121
103
72
25
23
15
37
26
29
27
24
26
27
24
22
26
52,349
52,727
52,723
52,881
53,161
53,439
53,710
53,979
54,234
54,490
54.837
54.837
55,091
_
1,006
188
212
216
196
184
210
231
292
338
310
7,546
7,716
7,829
7,858
7,766
7,506
7,114
7,101
7,323
7,612
7,686
897
198
190
224
207
191
180
228
249
329
319
7,367
7,627
7,744
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
25
23
15
37
26
29
27
24
26
27
24
22
26
7,604
7,599
7,594
7,615
7,637
7,658
7,670
7,679
7,686
7,692
7,703
1,696
7,720
Months:
1973-Oct............
Nov.......... .
Dec............
1974-Jan............
Feb............
Mar............
Apr............
May............
June...........
July...........
Aug............
Sept...........
Oct.
242
251
222
227
235
214
242
312
247
259
265
141
111
104
109
106
119
117
132
116
107
Series H
Fiscal years:
1952-64.............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
Calendar years:
1952-63.............
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
8,869
431
404
367
273
207
160
212
289
322
284
_
_
_
_
_
_
_
_
_
_
8,869
431
404
367
273
2C7
160
212
289
322
284
2,329
449
504
553
561
650
762
457
359
372
519
2,329
449
504
553
561
650
762
457
359
372
519
8,603
477
394
_
_
_
_
_
_
_
_
_
_
8,603
477
394
324
244
172
162
259
314
282
2,134
416
467
564
497
615
730
655
366
353
465
2,134
416
467
564
497
615
730
655
366
353
465
19
15
12
37
32
30
25
23
28
25
36
18
42
56
43
32
52
37
39
40
39
46
46
50
47
44
56
43
32
52
37
39
40
39
46
46
50
47
44
Months:
1Q7'3-0ct......... .
Nov............
Dec............
1974-Jan............
Feb............
Mar............
Apr............
May............
June...........
July...........
Aug............
Sept...........
Oct.•••••••••••••••
Footnotes at end of Table SB-4.
410
324
244
172
162
259
314
282
19
15
12
37
32
30
25
23
28
25
36
18
42
_
_
_
_
_
_
_
_
_
_
410
-
-
-
-
_
_
_
_
_
_
-
Treasury Bulletin
70
_____________________________________ UNITED STATES SAVINGS BAWDS
Table SB-4. - Redemptions o f Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total
Total
Series E
and H
Unmatured
Other
Series E
and H
25,119
3,235
3,285
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
2,842
3,660
3,317
3,393
3,847
8,203
543
1,356
283
196
139
140
118
104
79
25
6
_
_
_
_
-
492
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
7,090
750
1,075
825
201
175
125
131
111
107
44
13
2
_
_
-
578
22
-449
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
Fiscal years:
1951-58................
1959..................
1960..................
1961..................
1962..................
1963..................
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
55,981
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
6,681
22,167
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
2,729
10,975
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
11,190
1,625
1,822
940
925
657
304
280
412
260
143
29
9
7
5
5
33,322
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
2,351
3,401
2,566
3,842
3,660
3,317
3,393
3,847
Calendar years:
1951-57................
1958..................
1959...,...............
1960..................
1961..................
1962..................
1963..................
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
49,045
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
19,908
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
10,072
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,0a
2,443
2,601
2,827
2,014
2,047
2,505
9,837
1,702
2,268
1,089
922
730
426
282
216
391
345
209
84
15
8
6
3
28,567
3,841
4,520
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
21,477
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
3,578
592
516
394
793
488
234
233
154
225
260
515
5a
519
616
592
666
574
543
241
220
213
187
246
180
237
234
233
154
225
260
240
241
220
212
187
245
181
238
«
*
*
*
*
*
*
*
1
321
333
197
369
291
368
342
314
314
233
382
272
313
321
333
197
369
291
368
342
314
314
233
382
272
313
6/
7/
8/
9/
246
6/
6/7/
ifej
8/f/
9/
Unclassified
10/
Total
Other
Months:
1973-Oct...............
Nov...............
Dec...............
1974-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug...............
Sept..............
Oct...............
240
Source: Monthly Statement of the Public Debt of the U.S.; Office of Market
Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value. Series G,H, 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 (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January 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
_
1
*
-1
ij
5/
6/
7/
8/
2/
-J3/
*
_
-
_
_
_
_
_
-
_
_
_
37
-51
42
199
-63
-94
-43
-14
88
170
38
121
-7
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 30, 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.
November 1974
71
.UNITED STATES SAVINGS NOTES.
demption
United States savings notep were on sale May 1, 1967
through June 30, 1970.
and information on investment yields of savings
notes appear in
The notes were eligible for purchase
the Treasury Bulletins of March 1967 and
■ty individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1972.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
Fiscal years:
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
Calendar vears:
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Months:
1973-Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.........
May.........
July.........
Aug.........
Oct.........
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Accrued
discount
Amount
outstanding
Total
Sales
price
1
201
338
347
44
28
29
35
*
*
35
111
167
85
69
77
*
*
34
105
157
V7
58
62
*
1
6
10
8
11
14
203
505
742
619
561
519
477
5
18
31
31
28
29
80
281
366
191
27
28
29
*
7
76
154
124
71
72
*
7
72
145
116
62
59
*
3
8
9
9
13
80
354
*
*
*
2
2
2
2
3
2
2
2
8
2
2
2
2
3
2
2
2
8
7
7
4
6
6
7
6
6
6
*
*
*
-3
2
2
2
-3
2
2
2
4
7
13
8
1
1
1
1
1
1
1
1
1
1
1
3
2
501
497
496
491
488
483
478
475
477
470
465
454
449
1
201
326
323
11
*
*
*
80
277
348
160
-3
*
*
_
*
*
_
_
-
*
12
25
33
28
29
35
_
JSource: Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
5
5
3
5
5
6
5
5
5
3
6
11
6
644
682
584
540
496
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
* Less than $500,000.
72
Treasury Bulletin
A w xTiccnTP OF FEDERAL SECURITIES
_ — — —
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
End of
fiscal year
or month
1966..........................
1970..........................
Total
Federal
securities
outstanding
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
469,251
487,081
472,903r
473,964
475,798
479,782
486,475
483,915
486,659
487,081
487,240
493,623
493,130
61,070
64,316
71,809
76,138
84,815
95,170
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
1973-Sept......................
Oct.......................
Nov................. .....
Dec.......................
1974-Jan.......................
Feb.......................
Mar.......................
Apr.......................
May.......................
June......................
July......................
Aug.......................
Sept......................
48 2 ,268
Total
322,286
4 61,068
102,888
111,460
123,385
138,206
116,897
459,471
460,587
462,076
467,827
Public
marketable
10,351
12,050
13,635
14,694
16,007
16,974
18,092
19,868
Government
Account Series
1/
48,549
50,196
56,103
59,374
66,738
76,124
82,740
89,536
20,080
21,229
19,360
1 01,248
20,880
104,840
104,548
466,273
468,629
472,622
470,087
472,741
473,238
127,776
127,444
127,080
129,641
128,706
131,335
131,215
131,147
133,877
138,206
474,334
480,740
480,103
137,544
21,095
21,234
21,271
21,296
21,079
21,229
21,425
1 41,640
21,388
140,304
21,444
20,840
23,984
20,961
114,921
95,482
101,040
106,624
105,555
108,044
107,889
107,796
110,743
114,921
114,063
118,196
116,885
Interest-bearing public debt securities- Cont.
Held by private investors
End of
fiscal year
or month
Total
212,941
208,946
203,758
216,032
212,819
216,142
1973..........................
1972-Dec.......................
1973-Sept......................
Oct.......................
1974-Jan.......................
Feb.......................
Mar.......................
Apr.......................
May.......................
June......................
227,883
242,545
257,947
254,548
260,495
255,478
254,653
257,867
259,670
259,328
259,057
261,925
258,933
257,469
254,548
258,686
258,092
258,684
Other
Public
issues
held by
Federal
Reserve
banks
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056
2,056
2,056
2,056
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356
75,022
80,485
69,906
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,055
76,217
78,491
77,129
78,516
78,240
78,237
79,483
80,007
81,395
80,485
78,103
Nonmarketable
Total
outstanding
313,113
315,431
1972-Dec.......................
481,484
(In millions of dollars)
Interest-bearing public debt securities
Held by U.S. Government accounts
Public
Marketable
Nonmarketable
4,161
4,476
3,935
3,178
1,991
1,893
66,020
1,841
76,566
90,078
89,686
80,251
165,259
164,716
169,120
170,747
170,796
170,178
172,842
169,149
167,076
164,862
90,219
89,937
88,747
88,923
88,531
88,879
89,083
89,784
90,393
89,686
169,254
169,715
170,129
89,433
88,377
88,555
1/ Change in heading reflects publication of the Monthly Statement of the
Public Dept of the U.S. on July 31, 1974.
2/ For content see Table FD-6.
r Revised.
81,035
Agency securities
Matured
public
debt
and debt
bearing
no interest
53,697
54,037
53,440
56,363
56,814
58,231
159,244
154,909
150,318
159,668
156,006
157,911
161,863
165,978
167,869
164,862
180,244
81,008
Total
outstanding
2/
Held by
U.S. Government
accounts and
Federal Reserve
banks
1,901
1,788
1,822
2,000
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,021
11,770
2,553
2,251
2,170
2,156
2,152
2,320
1,968
1,889
1,961
2,071
1,911
2,058
1,877
1,815
1,934
1,822
l,011r
1,052
1,364
ll,463r
11,488
11,760
11,586
11,598
11,581
11,975
12,012
11,984
12,021
11,895
11,831
11,664
2,207
2,110
2,130
2,107
2,100
2,118
2,170
2,168
2,182
2,152
2,137
2,160
2,212
field by
private
investors
469
8 ,8 6 6
468
2,010
3 ,001
2 ,846
12,909
16,445
21,398
11,403
9,956
9,911
8,724
8,953
9,869
9,450
9,256r
9,378
9,630
9,479
9,498
9,463
9,805
9,844
9,802
9,869
9,758
9,671
9,454
73
November 1974
nwWERSHTP OF FEDERAL St!ntTPTTTP.fi
Table OFS-2. - Estimated Ownership o f Public Debt Securities by Private Investors
fPar values 1/ in billions of
Nonbank investors
End of
month
1939-Dec.........
1946-Peb.........
Dec.........
1950-June........
Dec.........
1951-June........
Dec.........
1952-June........
Dec.........
1953-June........
Dec.........
1954-June........
Dec.........
1955-June........
Dec.........
1956-June........
Dec.........
1957-June........
Dec.........
1958-June........
Dec.........
1959-June........
Dec.........
I960-June........
Dec.........
1961-June........
Dec.........
1962-June........
Dec.........
1963-June........
Dec.........
1964.
-June........
Dec.........
1965-June........
Dec.........
1966-June........
Dec.........
1967-June... ....
Dec.........
1968-June........
Dec.........
1969-June........
Dec.........
1970-June........
Dec.........
1971-June........
Dec.........
1972-June........
Dec.........
1973-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
July........
Aug.........
Sept........
Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb........
Apr.........
May.........
June........
July........
Aug.........
Total
privately
held
33.4
231.6
208.3
20 4 .6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
2 1 4 .8
222.0
218.0
229.9
229.7
247.9
244.4
262.5
261.8
265.1
266.4
263.7
263.1
259.7
256.9
257.1
257.4
256.5
259.8
261.7
261.2
261.1
263.8
260.7
259.4
256.4
259.7
259.0
260.0
Individuals 2/
Savings bonds
Commer
cial
banks
2/
Total
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
60.9
67.7
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
183.6
194.8
6 6 .4
195.4
202.3
204.4
203.2
62.8
62.0
60.5
58.9
58.8
56.5
55.1
55.4
56.3
58.5
60.3
60.2
59.0
59.5
56.8
54.4
53.2
53.9
53.0
52.9
Total
204.2
200.9
200.4
202.0
202.0
200.2
201.4
201.4
201.0
202.1
204.3
204.0
205.0
203.2
205.8
206.0
206.9
9.4
63.9
64.1
67.4
66.3
65.4
6 4 .6
6 4 .8
65.2
66.1
6 4 .8
6 4 .8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
74.9
75.0
75.3
75.4
75.7
75.9
76.7
77.0
77.2
77.0
77.2
77.3
77.4
77.9
78.4
79.2
80.0
80.7
81.6
82.6
83.3
Series
E and H
_
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
55.4
57.1
57.4
57.7
58.0
58.3
58.6
58.9
59.2
59.3
59.3
59.5
59.8
59.8
60.0
60.3
60.6
60.9
61.2
61.4
61.7
61.8
62.0
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 poss
essions. Figures exclude securities held in trust departments.
2/ Includes partnerships and personal trust accounts.
ij Exclusive of banks and insurance companies.
5/ Consists of the investments of foreign balances and international
Other
secu
Other
Series 7j rities
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
Mutual
Insurance sav
companies ings
banks
Corpora
tions
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.6
6.4
6.5
6.3
6.3
6.3
6.4
6.3
6.3
6.3
6.2
6.4
6.3
6.0
6.1
5.9
6.0
5.9
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
.7
.6
.6
.6
.6
.6
.6
.6
.6
.6
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
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
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
17.0
16.8
16.8
16.6
16.5
16.4
17.0
17.2
17.3
17.0
16.9
16.9
16.9
17.1
17.3
17.8
18.3
18.8
3.3
3.1
^.5
3.4
3.4
3.5
3.4
3.4
3.3
3.3
3.1
2.9
2.9
2.9
2.9
2.9
2.8
2.8
2.8
2.7
2.6
2.6
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
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
10.3
10.9
11.2
10.0
10.8
9.8
10.3
11.5
9.2
10.2
11.1
10.9
10.7
10.9
11.7
10.5
11.2
10.8
.5
.5
.5
19.4
20.3
20.8
5.7
5.7
5.8
2.6
2.6
2.5
11.3
11.0
10.5
1 .0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
State
and
local
govern
ments
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
25.9
25.4
26.o
28.9
3 0 .0
29.4
29.4
29.2
28.6
28.8
28.4
27.7
29.0
28.5
28.9
29.2
29.9
30.7
30.6
30.1
29.2
28.3
28.8
29.2
29.3
Foreign
and inter Other
national
investors
6/
y
.2
2 .4
2 .1
3 .5
4 .3
4 .2
4 .3
4 .7
5 .3
5 .7
5 .9
6 .0
6 .3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
32.7
46.9
50.0
55.3
54.2
61.1
63.1
61.7
61.1
60.2
59.7
59.2
58.5
57.5
56.2
55.5
52.8
53.5
54.9
55.9
57.3
57.7
56.9
56.0
56.0
.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.^
13.5
13.6
1 4 .8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
15.9
16.0
15.5
17.2
18.4
16.6
15.8
17.3
18.9
17.9.
18.9
19.3
21.1
20.4
19.8
19.7
18.6
17.3
18.8
19.0
19.7
accounts in the United States. Beginning with July 1974 the
figures exclude noninterest-bearing notes issued to the International
Monitary Fund.
£/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also in
cluded are certain government deposit accounts and government-spon
sored agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
Treasury Bulletin
74
T R E A S U R Y S U R V E Y OF O W N E R S H IP , SEPTEM BER 30, 1974---------------------
tions in the September I960 Bulletin, and for State and local
The monthly Treasuiy Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Federally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about SO percent of all such securities held by
.The similar proportion for corporations
Holdings by commercial banks distributed according to
and for savings and loan associations is $0 percent, and for
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent.
published for June 30 and December 31.
these institutions.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
T able T S O -1 .-S u m m a ry o f Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasuiy Survey
Classification
U.S. Govern
Total
ment ac
amount
counts and
outstand Federal
ing 1/
Reserve
banks
Insurance companies
476
5,585
Total
commer mutual
private cial
445 fire,
savings 289
inves banks
banks
casualty,
Life
tors
and
2/
2/
marine
State and local
government
467
188
savings
315
and loan corpo general pension
and
re
associa rations funds
tirement
tions
funds
486
All
other
private
inves
tors 2./
Memorandum:
Held by
corporate
pension
trust
funds y
Public debt issues:
-bearing public
272,608
marketable..........
Nonmarketable J?/,..... 207,495
Total interest-bearing
public debt securities. 4 8 0 ,103
Matured debt and debt
bearing no interest....
1,364
Total public debt
securities.......... 481,467
Government aemecv issues:
5,709
Regular issues........
Participation
4,585
certificates 6 /.......
Total Govt, agency
securities covered in
Treasury Survey.......
10,294
Nonsurveyed Govt, agency
1,370
securities............
Total Govt, agency
11,664
securities 8 / ........
Total Federal securities... 493,130
Footnotes at end of Table TSO-6.
102,480
170,128 39,042
205,439
1,452
2,462
2,057
2*056
1,729
4,250
7,552
1,108
110,476
205,439
1,926
104,536
375,567 39,042
1,452
2,462
2,057
1,729
4,250
7,552
1,108
315,915
1,926
-
-
-
-
-
-
1,364
-
1,452
2 ,462
2,057
1,729
4,250
7,552
1,108
317,279
1,926
104,536
1,364
-
376,931 39,042
267
5,442
1,172
222
109
23
168
291
325
259
2,873
132
1,770
2,815
501
171
43
191
72
35
148
758
894
90
2,037
8,257
1,673
393
152
214
240
326
473
1,017
3,767
222
174
1,196
2,2 1 1
9,453
386,383
106,747
November 1974
75
.TREASURY SU RVEY OP OWNERSHIP, SEPTEMBER 30, 1974
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and M aturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing I/
Classification
By type security:
Issued by U.S. Government:
Treasury bills..........
Federal Financing Bank bills
Treasury notes..........
Treasury bonds..........
Total.
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year.........
1 to 5 years.........
5 to 10 years.........
10 to 15 years...... .
15 to 20 years.........
20 years and over......
Total.............
Maturity classes (final
maturity):
Within 1 year......
1 to 5 years.......
5 to 10 years......
10 to 15 years......
15 to 20 years......
20 years and over....
Total.............
U.S. Govern
ment ac
counts and
Federal
Beserve
banks
Insurance companies
476
5,585
commer mutual
cial
savings
banks
banks
2/
2/
289
life
486
savings
casualty, and loan
and
associa
marine
tions
445 fire,
State and local
governments
188
467
315
pension
corpo general and re
rations funds
tirement
funds
51
2
1,293
382
1,546
60
2,321
323
3,278
50
3,142
1,082
174
2,142
128
14
1,212
703
1,452
2,462
2,057
1,729
4,250
11,905
21,328
4,850
501
412
46
39,042
360
619
161
76
145
91
1,452
168
466
556
413
560
298
2,462
413
835
449
211
116
33
2,057
381
845
295
149
38
21
1,729
11,823
21,246
4,932
222
556
263
39,042
349
603
177
31
198
94
1,452
128
183
840
238
764
309
2,462
391
797
487
56
253
74
2,057
370
820
320
60
133
25
1,729
109,598
1,501
127,702
33,807
38,725
8
50,651
13,095
3,082
145
33,446
2,369
117
*
896
439
272,608
102,480
39,042
144,547
80,872
27,582
9,299
6,592
3,714
50,988
29,351
14,418
4,284
2,429
1,009
102,480
143,349
79,410
29,044
3,335
11,589
5,879
272,608
50,482
29,072
14,697
1,612
4,494
2,123
102,480
74
1
244
Held by
all
other
inves
tors 2/
Memorandum:
Held by
55,422
corporate
pension
trust
funds y
140
794
62,423
1,221
34,355
12,477
883
8
680
354
7,552
1,108
110,476
1,926
2,676
1,213
293
22
45
1
4,250
4,651
1,798
639
174
160
130
7,552
336
126
93
314
193
47
1,108
72,669
24,290
5,828
3,158
2,493
2,039
110,476
1,176
361
139
91
146
14
1,926
2,673
1,204
302
6
45
20
4,250
4,589
1,714
723
117
254
154
7,552
240
72,305
23,684
6,434
876
4,497
2,681
110,476
1,167
342
157
18
121
120
1,926
Held by
all
other
inves
tors 2/
Memorandum:
Held by
55,422
corporate
pension
trust
funds y
86
133
118
395
137
1,108
Footnotes at end of Table TSO-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.
1974.........
Nov.
1974.........
Dec.
1974........
Jan.
1975........
Feb.
1975.........
Mar.
1975.........
Apr.
1975.........
May
1975.........
June
1975........
July
1975........
Aug.
1975........
Sept.
1975.........
Total Treasury Bills........
Federal Financing Bank Bills:
Mar.
1975........
Footnotes at end of Table TS0-6.
Total
amount
outstanditig 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
24,332
20,471
19,831
11,318
9,807
9,214
1,801
1,802
3,807
3,608
1,803
1,803
109,598
8,812
7,333
7,125
3,695
3,806
3,246
729
635
759
1,375
423
786
38,725
1,501
8
5,585
commer
cial
banks
2/
210
244
323
476
mutual
savings
banks
2/
289
life
486
445 fire, savings 467
casualty, and loan corpo 315
and
associa rations general
marine
tions
funds
277
45
79
799
279
113
225
3,082
14
10
6
11
5
10
7
4
16
8
22
4
117
6
18
2
1
1
1
*
74
128
145
■*
1
14
242
246
State and local
governments
Insurance companies
-
10
-
34
-
35
30
31
12
9
8
*
1
3
*•
•*
-
18
4
4
3
7
5
2
*
*
4
3
*
188
pension
and re
tirement
funds
66
32
39
17
9
7
*
*
2
*
1
*
14,220
51
82
57
82
115
406
304
41
20
113
257
65
4
1,546
868
734
541
202
128
147
62
99
181
100
103
112
3,278
174
12,010
11,678
7,019
5,191
5,208
915
963
1,924
1,584
1,038
672
62,423
2
60
50
-
1,221
179
142
142
54
47
54
149
16
45
23
28
5
883
8
76
Treasury Bulletin
TRF.ASTIRY SURVEY OF OWNERSHIP,.SEPTEMBER 30,
iwm
T able TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par values - in millions of dollars)
Held by investors covered in Treasuiy Survey
Total
amount
outstand
ing 1/
Treasury notes:
1974-A.....
5-3/4% Nov.
1974-F.....
5-7/8 Dec.
1975-A.....
5-3/4 Feb.
1975-E.....
5-7/8 Feb.
5-7/8 May
1975-F.....
1975-B.....
May
6
1975-C.....
5-7/8 Aug.
8-3/8 Sept. 1975-G.....
1975-D.....
Nov.
7
Dec.
1975-H.....
7
1976-F.....
5-7/8 Feb.
1976-A.....
6-1/4 Feb.
8
Mar.
1976-H.....
1976-E.....
5-3/4 May
1976-B.....
6-1/2 May
1976-1.....
8-3/4 June
6-1/2 Aug.
1976-G.....
7-1/2 Aug.
1976-C.....
Sept. 1976-J.....
8.25
1976-D.....
6-1/4 Nov.
8
Feb.
1977-A.....
1977-C......
6-7/8 May
1977-D.....
May
9
1977-B......
7-3/4 Aug.
1978-A.....
6-1/4 Feb.
1978-C.....
8-3/4 Aug.
1978-B.....
6
Nov.
1979-A.....
6-1/4 Aug.
6-5/8 Nov.
1979-B.....
7
Nov.
1979-C.....
6—7/8 May
1980-A.....
Aug.
1980-B.....
9
Feb.
1981-A.....
7
Exchange Series...........
Total Treasury notes.......
Ergasurx bonds:
3-7/8% Nov.
1974.......
1975-85.....
4-1/4 May
1978-83.....
3-1/4 June
1980.......
Feb.
4
1980.......
3-1/2 Nov.
7
Aug.
1981.......
6-3/8 Feb.
1982.......
6-3/8 Aug.
1984.......
1985.......
3-1/4 May
6-1/8 Nov.
1986.......
1987-92.....
4-1/4 Aug.
Feb.
4
1988-93.....
7-1/2 Aug.
1988-93.....
4-1/8 May
1989-94.....
3-1/2 Feb.
1990.......
6-3/4 Feb.
1993.......
7
1993-98.....
May
8-1/2 May
1994-99.....
3
Feb.
1995.......
3-1/2 Nov.
1998..... .
Total marketable public debt
securities..............
Footnotes at end of Table TSO-6.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,585
commer
cial
banks
2/
State and local
Insurance companies 486
476
governments
savings 467
mutual
and loan corpo
188
savings
pension
445 fire, associa rations 315
289
banks
general and re
tions
casualty,
life
2/
funds tirement
and
funds
marine
41
1
1
1
6
38
1
34
18
5
3
4
1
5
14
244
31
28
46
8
20
37
115
13
20
12
88
14
9
45
19
3
26
11
5
69
16
25
4
24
198
3
176
50
4
31
94
1
43
4
1,293
144
52
90
65
169
15
255
99
26
90
312
6
36
79
11
94
134
10
9
78
10
50
20
94
41
26
18
32
6
156
14
49
1
30
2,321
227
134
158
98
100
126
308
44
61
79
209
37
8
102
60
90
67
42
59
98
47
120
37
107
186
16
210
79
10
46
51
62
63
1
3,142
140
1,622
927
1,169
360
454
1,188
1,314
1,055
1,190
405
824
478
824
736
1,090
1,002
725
1,454
823
1,723
1,260
610
1,543
1,614
2,438
971
2,201
1,705
216
346
698
1,061
261
70
34,355
2
11
16
30
22
3
26
16
12
8
37
4
13
3
99
43
2
1
10
82
439
10
40
283
128
372
3
18
17
189
9
131
29
9
47
529
20
8
3
24
274
2,142
36
22
38
96
56
10
56
27
27
6
122
3
24
28
71
5
3
38
10
24
703
18
11
25
64
40
177
3
9
8
5
*
31
22
*
3
14
6
14
382
323
66
63
84
195
107
4
18
82
19
36
86
8
9
17
119
17
13
12
42
88
1,082
21
96
40
32
37
1
9
3
21
*
177
10
42
63
82
21
23
67
23
24
794
573
364
606
991
402
338
936
577
338
174
1,487
87
419
654
1,612
239
179
463
512
1,526
12,477
354
1,452
2,462
2,057
1,729
4,250
7,552
1,108
110,476
1,926
50,651
29
24
21
6
28
22
61
39
23
13
57
9
25
22
32
25
28
34
2
37
44
20
12
35
87
19
43
35
2
7
48
3
3
1
896
1,213
1,198
1,462
2,571
1,895
807
2,702
2,353
921
1,216
3,626
225
1,914
1,398
3,800
627
692
1,473
775
2,939
33,807
142
507
279
869
749
408
1,043
1,376
224
882
1,429
70
1,129
550
1,130
186
260
854
137
872
13,095
166
82
82
158
104
40
552
227
43
97
102
7
' 240
11
118
77
184
33
11
35
2,369
272,608
102,480
39,042
2,245
109
1,560
140
155
4,534
2,800
63
749
243
1,398
2,858
56
584
820
693
1,866
1,665
209
366
3,065
495
2,963
1,641
3,375
643
3,606
1,776
1,117
448
5,498
2,485
425
_
Memorandum:
Held by
55,422
corporate
pension
trust
funds y
24
8
55
7
4
59
46
9
50
24
79
10
9
49
47
12
14
52
11
31
28
63
9
59
104
29
56
42
27
58
58
30
30
19
1,212
1,111
816
895
537
845
748
2,760
719
985
864
1,968
322
559
1,180
614
780
1,023
917
872
1,881
689
1,182
742
1,324
1,910
753
1,843
816
217
1,143
796
606
1,008
22
33,446
5,442
2,102
4,015
1,222
1,776
6,760
7,679
2,042
3,115
1,731
4,945
3,739
1,532
2,802
2,697
2,704
3,883
4,194
1,989
4,325
5,163
2,565
5,332
4,918
8,389
2,462
8,207
4,559
1,604
2,241
7,265
4,304
1,842
160
127,702
Held by
all
other
inves
tors 2/
5
2
7
1
*
12
16
1
10
*
3
3
*
2
3
1
1
3
-
-
12
5
47
1
41
8
25
26
24
10
4
-
-
5
1
16
10
17
2
*
*
5
*
14
-
2
19
4
-
2
*
6
1
6
3
2
3
*
6
-
*
3
*
1
14
11
1
20
7
*
1
2
5
1
_
46
39
42
8
22
23
37
33
20
19
14
8
20
11
8
34
42
17
1
6
13
27
9
25
23
25
11
10
3
15
22
18
32
*
680
27
8
18
25
12
2
6
5
8
2
40
5
21
14
32
8
18
88
4
10
77
November 1974
_ 111>-1_ ^ _ 1_ _ _ 1_ _ _ _ T R E A S U R Y SURVEY OF OWNERSHIP, SEPTEMBER 30, m?*
Table TSO-4. - Interest-Bearing Nonmarketable Public Debt Securities by Type
The compilation of data used in the preparation of
this table was discontinued upon publication of the
June 30, 1974, data. See footnote j>/ to Table TS0-1.
Table TSO-5. - Securities Issued by Government Agencies
Issue
Export-Import Bank:
5.30$ Feb. 1975 (Debentures),
Dec. 1976 (Debentures).
5.70
6-1/4 Aug. 1977 (Debentures).
Feb. 1978 (Debentures).
6.45
Aug. 1978 (Debentures).
8.35
Nov. 1978 (Debentures).
7.30
7
Mar. 1979 (Debentures).
6.60
May 1979 (Debentures).
Issues to State and Local Govts
Mtg. Backed Bonds) 8/.....
Participation certificates...
Total
amount
outstand
ing 1/ 8/
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
476
Insurance companies 486
U.S. Govern 5,585
savings 467
commer mutual
ment ac
cial
445 fire, and loan corpo
savings 289
counts and banks
banks
life
casualty, associa rations
Federal
tions
and
2/
2/
Reserve
marine
banks
State and local
governments
188
315
general pension
and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
Memorandum:
Held by
55,422
corporate
pension
trust
funds y
200
36
24
6
22
17
30
30
106
106
113
132
130
167
99
72
1
7
11
8
1
1
1
4
8
*
*
*
2
*
1
*
1
*
9
33
53
5
1
4
1
20
4
8
45
90
40
47
5
6
26
16
6
1
5
19
29
1
*
*
-
121
93
192
81
78
68
200
58
1
1
*
*
62
1
1
*
143
250
10
89
10
4
9
2
-
143
20
87
19
6
2,893
174
1,015
43
12
14
108
258
271
88
910
73
410
57
37
31
64
5
16
-
1
54
146
*
4,335
1,760
412
161
39
182
70
35
128
671
878
84
250
25
19
18
6
1
1
3
14
22
143
9
280
50
]00
100
50
50
45
70
60
100
100
50
150
150
150
150
150
100
150
150
100
100
21
-
1
3
6
3
1
*
1
2
2
2
8
1
15
17
17
18
18
16
6
1
-
28
3
15
11
*
*
*
1
*
1
5
1
5
6
4
3
3
3
21
32
44
6
I
1
*
*
5
3
3
1
■*
1
1
1
2
1
2
5
2
*
2
*
*
•*
*
*
*
*
*
*
1
*
3
2
3
*
1
1
1
-
10
2
4
1
1
*
*
2
1
1
9
9
3
4
*
18
2
2
2
*
2
1
4
1
35
1
2
*
3
3
_
_
*
1
5
2
3
1
*
2
*
1
28
29
26
21
11
12
3
5
2
3
6
3
8
2
4
18
*
-
177
33
77
82
13
17
12
41
45
81
83
43
120
114
110
108
111
70
113
96
53
90
_
1
2
1
3
*
1
1
1
1
1
3
4
*
1
7
11
16
*
*
Total.,
2,405
Total Government agency securities
covered in survey,
10,294
21
191
141
31
12
45
31
60
182
1,691
56
2,037
1,673
393
152
214
240
326
473
1,017
3,767
222
Total....................
Federal Housing Administration:
(Debentures)..............
Government National Mortgage
Association:
Participation certificates...
jrosxai service:
6-7/3% Feb. 1982-97 (Bonds)...
lemiessee vaxxey hutjioiuw
Short-term notes.,
(Bonds)...
8-3/4% June 1975
(Bonds)...
7-lA July 1976
8.10
(Bonds)...
Apr. 1979
Nov. 1985
(Bonds)...
4.40
4-5/3 July 1986
(Bonds)...
4-1/2 Feb. 1987
(Bonds)...
5.70
May 1992
(Bonds)...
(Bonds)...
6-3/8 Nov. 1992
(Bonds)...
8-1/4 Oct. 1994
Mar. 1995
(Bonds)...
9
June
1995
(Bonds)...
9-1/4
7.30
Oct. 1996
(Bonds)...
Jan. 1977
(Bonds)...
7%
(Bonds)...
May 1997
7.35
July 1997
(Bonds)...
7.35
(Bonds)...
Oct. 1997
7.40
(Bonds)...
Jan. 1998
7.35
(Bonds)...
kpr. 1998
7.35
(Bonds)...
7-3/4 July 1998
(Bonds)...
7,70
0ctt 1998
Jan. 1999
(Bonds)...
8.05
Footnotes at end of Table TSO-6.
300
300
400
300
300
300
400
-
-
1
78
Treasury Bulletin
T R E A S U R Y SURVEY OP OWNERSHIP, SEPTEM BER 30, 1974____________________________ _
Table T SO -6. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
Issue
outstand counts and
ing
Federal
Reserve
banks
Banks for cooperatives:
362 9/
8.20# Oct. 1974 (Debentures)...
346
8.65 Nov. 1974 (Debentures)...
8.90 Dec. 1974 (Debentures)...
441 9/
408
9-1/4 Jan. 1975 (Debentures)...
591 9/
9.45 Feb. 1975 (Debentures)...
515 2/
9.85 Mar. 1975 (Debentures)...
200
7.70 Apr. 1977 (Debentures),..
Total
2,861 2/
8-7/8# Jan. 1975 (Insured notes)
200
6-5/8 Aug. 1976 (Insured notes)
150
400
6.35 Mar. 1977 (insured notes)
300
6.45 June 1977 (insured notes)
400
6-7/8 Aug. 1977 (Insured notes)
6.55 Dec. 1977 (Insured notes)
403
300
7.20 Mar. 1978 (Insured notes)
301
7-1/4 May 1978 (Insured notes)
301
7.35 July 1978 (Insured notes)
300
7.30 Dec. 1978 (CB0).......
8.90 Jan. 1980 (Insured notes)
150
300
7
Nov. 1980 (Insured notes)
200
6.40 Mar. 1981 (Insured notes)
7-7/8 June 1981 (Insured notes)
250
350
7.10 Jan. 1982 (Insured notes)
300
8-5/8 July 1985 (Insured notes)
7-1/2 Aug. 1986 (Insured notes)
150
201
7-1/8 Dec. 1987 (insured notes)
7-1/2 Mar. 1988 (Insured notes)
201
200
7-1/2 May 1988 (insured notes)
200
7-3/4 Dec. 1988 (CB0).......
200
Apr. 1989 (CB0).......
9
5,758
Total.
Federal Home Loan Banks:
Discount Notes............... 1,115
1,000
7.05# Nov. 1974 (Bonds).....
8
216
Nov. 1974 (Bonds).....
5-7/8 Feb. 1975 (Bonds).....
400
250
6.10 Feb. 1975 (Bonds).....
500
8.20 Feb. 1975 (Bonds).....
6.80 May 1975 (Bonds).....
300
May
700
(Bonds).....
7.15
1975
265
8.05 May 1975 (Bonds).....
400
7.15 Aug. 1975 (Bonds).....
500
7-7/8 Aug. 1975 (Bonds).....
300
7.95 Aug. 1975 (Bonds).....
6-1/2 Nov. 1975 (Bonds).....
350
600
7.05# Nov. 1975 (Bonds).....
700
9.10 Nov. 1975 (Bonds).....
300
7-3/8 Feb. 1976 (Bonds).....
400
8.70 Feb. 1976 (Bonds).....
300
8.75 Feb. 1976 (Bonds).....
600
9.20 Feb. 1976 (Bonds).....
600
7.20 May 1976 (Bonds).....
300
7.45 May 1976 (Bonds).....
500
7.80 Aug. 1976 (Bonds).....
700
9.55 Aug. 1976 (Bonds).....
500
9.55 Nov. 1976 (Bonds).....
500
7.20 Feb. 1977 (Bonds).....
200
6.95 May 1977 (Bonds).....
500
8.70 May 1977 (Bonds).....
300
7.15 Aug. 1977 (Bonds).....
600
8.80 Aug. 1977 (Bonds).....
300
6.75 Nov. 1977 (Bonds).....
300
7.45 Nov. 1977 (Bonds).....
700
9.15 Nov. 1977 (Bonds).....
400
9-3/8 Feb. 1978 (Bonds).....
7.60 May 1978 (Bonds).....
500
9.10 Nov. 1978 (Bonds).....
500
600
8.65 Feb. 1979 (Bonds).....
600
9.45 Feb. 1979 (Bonds).....
400
8.75 May 1979 (Bonds).....
9.50 Aug. 1979 (Bonds).....
500
300
7.05 Feb. 1980 (Bonds).....
350
7.75 Feb. 1980 (Bonds).....
7.80 Oct. 1980 (Bonds)......
200
6.60 Nov. 1981 (Bonds).....
200
7.30 May 1983 (Bonds).....
185
Footnotes at end of table.
U.S. Govern-
Insurance companies
5,585
commer
cial
banks
2/
476
mutual
savings
banks
2/
289
life
2
2
1
1
1
6
486
445 fire, savings 467
casualty, and loan corpo
and
associa rations
marine
tions
State and local Held by
governments
all
other
188
315
pension inves
general and re tors 2/
funds tirement
funds
24
16
1
16
2
11
14
62
13
54
54
31
73
17
6
247
1
_
_
_
1
88
2,090
42
5
*
3
1
1
1
1
1
2
*
6
6
6
3
2
4
1
*
1
45
8
16
8
3
5
5
2
2
2
1
44
28
18
9
10
2
14
18
48
2
3
248
5
*
1
1
12
2
_
21
11
3
13
22
15
5
8
8
5
19
23
29
3
6
16
56
4
2
1
3
1
11
263
_
4
_
_
_
1
4
27
10
9
9
3
42
46
46
68
55
1
20
345
107
56
241
126
191
222
166
153
162
103
77
105
63
104
185
110
70
76
75
60
125
117
2,695
3
1
6
*
*
*
*
1
1
*
*
1
*
1
1
1
*
1
*
*
1
1
1
*
_
1
1
25
3
1
2
5
1
4
1
11
1
4
1
5
2
1
*
1
6
1
*
*
1
*
4
*
2
2
6
1
2
1
3
2
5
9
4
3
5
1
3
2
*
1
2
66
16
27
25
8
12
35
25
17
32
18
51
31
23
34
8
3
10
28
13
21
8
10
28
13
12
12
28
11
13
19
6
29
9
22
8
15
14
11
15
6
2
2
123
36
15
3
35
16
56
37
52
7
28
7
32
15
47
13
17
53
3
51
18
21
5
12
38
18
10
5
30
10
27
18
1
*
2
_
2
10
453
82
9
25
7
13
14
48
14
17
45
10
7
65
12
_
5
5
64
74
11
24
30
23
25
1
27
5
20
7
17
38
27
30
12
12
25
21
32
14
11
2
2
1
9
1
_
_
1
1
_
1
_
*
4
*
1
1
2
3
_
7
2
_
1
6
1
1
3
2
5
6
*
10
3
*
*
2
_
2
379
507
146
172
135
250
150
301
163
188
231
160
162
261
523
172
270
210
13
1
7
8
29
59
37
46
37
64
47
90
381
5
2
3
4
1
1
1
17
_
12
8
10
4
2
27
7
9
10
16
32
3
3
9
22
19
193
59
79
89
113
143
131
94
105
104
174
14
73
69
60
77
22
8
28
2
17
49
18
1,526
4
6
26
21
37
31
21
2
10
2
2
25
10
35
36
19
18
31
30
7
9
380
1
1
1
1
3
4
2
*
1
2
6
5
5
1
1
2
2
*
__2_
49
5
29
21
44
29
18
45
12
27
11
8
8
•*
7
28
8
9
45
19
2
9
12
70
6
21
24
20
69
48
19
46
40
14
8
13
113
235
36
143
58
153
75
195
36
101
107
49
84
181
108
78
63
71
76
197
101
152
173
80
208
44
93
96
141
87
128
133
91
167
89
110
160
67
66
123
44
39
59
42
7
20
8
10
10
10
7
19
16
9
10
17
20
5
10
6
12
4
5
12
10
12
9
6
10
13
18
5
26
5
8
12
6
11
4
9
7
4
4
5
13
20
7
10
*
1
1
3
5
4
2
3
7
3
4
1
263
246
303
325
442
422
420
213
144
259
381
370
153
109
314
162
292
150
106
463
262
204
345
335
378
230
355
98
223
116
119
103
Memorandum:
Held by
55,422
corporate
penaion
trust
funds ij
1
2
1
4
3
1
11
7
_
1
2
6
1
3
1
2
4
4
1
8
3
2
4
1
10
2
5
66
8
10
3
1
1
17
2
10
1
16
3
1
2
2
22
3
24
2
6
2
1
8
10
10
6
2
21
6
20
4
2
20
8
10
16
33
21
16
32
1
7
4
4
10
^
November 1974
TRRASURY SURVEY OP OWNERSHIP,SETEMBER 30,
Table TSO-6. - Securities Issued by Government-Sponsored Agencies
and the D istrict of Columbia—Contined
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstand
ing
Federal Home Loan Banks (Continued):
400
7-3/8% Nov. 1983-93 (Bonds)__
300
May 1984
(Bonds)....
8.75
FHLMC 10/
Aug. 1976
7.05
(Mtg. Backed Bonds).
400
Feb. 1977
FHLMC 10/
6.15
(Mbg. Backed Bonds).
350
8.60
Nov. 1976-95 FHLMC 10/
(Mtg. Backed Bonds).
140
7.75
Aug. 1977-96 FHIMC 10/
(Mbg. Backed Bonds).
150
May 1982-97 FHLMC 10/
7.15
(Mbg. Backed Bonds).
150
Issued to State and Local Govts.
392
FHIMC 2/ 10/ (Mtg. Backed Bonds).
Total.
22,213
ppH^ral Tnt.pr*mpdiate Credit Ranlcs•
820 2/
7.95% Oct. 1974 (Debentures)...
8
787 2/
Nov. 1974 (Debentures)...
7.15 Dec. 1974 (Debentures)...
795 2/
6.05 Jan. 1975 (Debentures)...
240 2/
8.15 Jan. 1975 (Debentures)...
621 2/
8.80 Feb. 1975 (Debentures)...
691 2/
Mar. 1975 (Debentures)...
9
819 2/
9-1/4 Apr. 1975 (Debentures)...
834 2/
9.45 May 1975 (Debentures)...
788 2/
9.80 June 1975 (Debentures)...
734 2/
5.70 July 1975 (Debentures)...
302 2/
6.65 Jan. 1976 (Debentures)...
262 2/
7.10 Jan. 1977 (Debentures)...
236 2/
8.70 Apr. 1977 (Debentures)...
321 2/
7.10 Jan. 1978 (Debentures)...
406 2/
Total,
8,655 2/
Federal Land Banks:
4-1/8$ Feb. 1973-78 (Bonds)...
148
300
5.30
Oct. 1974
(Bonds)...
Jan. 1975
(Bonds)...
7.15
300 2/
220
8-3/8 Jan. 1975
(Bonds)...
200
4-3/8 Apr. 1975
(Bonds)...
Apr. 1975
(Bonds)...
7.65
300 2/
5.70
July 1975
425
(Bonds)...
8.30
July 1975
(Bonds)...
300 2/
300
7.20
Oct. 1975
(Bonds)...
7.40
Oct. 1975
(Bo&ds)...
362 2/
Jan. 1976
(Bonds)...
300
6.25
9.20
Jan. 1976
(Bonds)...
651 2/
Feb. 1976
(Bonds)...
5
123
(Bonds)...
6-1/4 Apr. 1976
373
(Bonds)...
400 2/
8-1/4 Apr. 1976
(Bonds)...
150
5-3/8 July 1976
360
July 1976
(Bonds)...
7.05
450
Oct. 1976
(Bonds)...
7.15
(Bonds)...
8-1/4 Apr. 1977
565 2/
550
7-1/2 July 1977
(Bonds)...
(Bonds)...
300
Oct. 1977
6.35
5-1/8 Apr. 1978
150
(Bonds)...
6.40
July 1978
(Bonds)...
269
July 1978
(Bonds)...
9.15
350 2/
(Bonds)...
550
Oct. 1978
7.35
Jan. 1979
(Bonds)...
5
509 2/
7.10
Jan. 1979
(Bonds)...
300 2/
Apr. 1979
(Bonds)...
6.85
235
July 1979
(Bonds)...
7.15
389
6.80
Oct. 1979
(Bonds)...
400 2/
6.70
Jan. 1980
(Bonds)...
300
7-1/2 July 1980
(Bonds)...
250
6.70
Apr. 1981
(Bonds)...
224
9.10
(Bonds)...
July 1981
265 2/
6.90
Apr. 1982
(Bonds)...
200
7.30
(Bonds)...
Oct. 1982
239
7.30
300
Oct. 1983
(Bonds)...
Total.
12,007 2/
Federal National Morteaee
Association:
3,515
Discount Notes...............
6.10$ Dec. 1974 (Debentures).
250
Dec. 1974 (Debentures).
450
6.45
Mar. 1975 (Debentures).
600
6.35
Mar. 1975 (Debentures).
300
7.55
500
5-1/4 June 1975 (Debentures).
6.80
Sept,. 1975 (Debentures).
650
Footnotes at end of table.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
governments
486
445 fire, savings 467
188
casualty, and loan corpo 315
pension
and
associa rations general and re
tions
funds tirement
marine
funds
Insurance companies
5,585
commer
cial
banks
2/
476
mutual
savings
banks
2/
289
life
Held by
all
other
inves
tors 2/
Memorandum:
Held by
55,422
corporate
pension
trust
funds ij
58
32
134
36
2
5
1
1
2
1
23
7
11
2
10
14
7
-
152
203
18
169
3
-
1
21
-
5
-
183
17
85
11
1
2
43
11
4
-
176
15
25
1
1
*
*
-
-
4
13
2
-
5
-
3
112
8
-
6
12
10
2
4
-
-
18
97
8
-
12
12
1
2
2
7
2
31
82
2
971
5,100
510
39
137
906
906
392
1,815
136
11,693
471
25
8
8
8
5
35
3
10
12
_
8
38
159
172
109
136
92
111
94
96
71
71
73
111
68
88
85
188
1,565
18
17
9
3
10
16
8
9
3
10
14
8
1
8
9
142
1
1
1
*
1
*
*
1
5
3
7
4
1
3
5
4
2
3
5
3
1
1
14
57
13
10
38
12
8
11
8
3
7
3
28
22
13
7
16
200
22
12
16
30
3
6
13
1
13
4
5
_
12
23
30
190
95
38
98
12
29
19
15
26
60
23
14
13
8
5
13
467
*
2
■*
1
1
4
471
585
485
90
448
534
639
722
627
607
119
147
112
185
97
5,867
22
23
6
1
5
7
7
7
5
7
3
2
1
11
1
106
17
5
1
*
*
1
7
3
30
5
_
9
*
26
36
42
2
29
2
10
17
7
10
36
43
2
3
5
_
7
47
30
5
5
6
8
7
4
14
5
11
7
15
5
3
12
10
4
7
12
15
15
7
2
13
1
3
13
4
18
7
28
14
4
14
1
23
7
2
330
5
1
_
2
1
*
1
2
1
*
2
2
*
*
•*
_
*
*
2
1
6
*
*
*
1
2
_
1
*
433
35
81
75
22
23
58
128
54
56
119
75
87
14
105
90
10
105
138
133
132
107
19
95
66
213
55
87
46
149
149
108
94
48
24
32
30
77
2,942
32
4
4
•*
5
3
1
3
*
1
1
8
*
2
1
9
4
4
1
2
10
3
6
10
8
1
12
1
2
1
4
1
5
*
8
*
*
5
128
5
15
8
3
5
6
58
8
10
3
19
1
3
29
16
2
22
14
13
24
10
2
6
2
45
12
29
2
14
3
4
5
*
3
1
1
402
16
4
36
4
9
8
35
6
3
13
10
48
4
2
10
*
6
19
5
12
12
20
16
72
12
6
15
10
18
2
10
2
*
25
472
1
14
8
5
31
31
7
4
6
18
2
60
21
9
15
8
26
5
10
54
1
14
2
7
16
19
17
6
25
23
8
3
7
4
1
3
8
497
1
*
.
2
*
*
*
_
2
2
4
6
2
5
7
6
*
4
2
2
_
1
_
1
4
2
*
_
_
8
62
76
158
162
171
119
191
179
222
205
198
141
442
72
204
246
115
164
224
341
295
142
86
120
245
190
361
149
135
146
131
154
128
142
229
134
148
143
6,709
4
1
2
2
4
6
2
4
4
3
3
5
4
3
2
5
8
6
7
6
3
2
1
10
4
2
1
5
2
4
5
7
2
16
5
9
12
170
60
67
50
32
63
291
90
145
211
92
116
157
32
10
11
18
11
9
19
2
_
1
1
14
2
4
8
•*
3
5
32
10
17
34
20
89
55
186
_
5
44
5
28
19
936
18
12
4
23
8
15
13
_
_
_
2
_
1
2,009
119
195
214
96
213
315
111
.6
5
3
1
4
8
80
Treasury Bulletin
TRWAaimV SURVEY OP OWNERSHIP, SEPTEM BER 31, 1974 ___________________________
Table T SO -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 Mortgage
Association (Continued.).:
7.50% Sept. 1975 (Debentures)...
5.70 Dec. 1975 (Debentures)...
8.25 Dec. 1975 (Debentures)...
5.65 Mar. 1976 (Debentures)...
7-1/8 Mar. 1976 (Debentures)...
5.85 June 1976 (Debentures)...
6.70 June 1976 (Debentures)...
10
June 1976 (Debentures)...
5.85 Sept. 1976 (Debentures)...
6-1/8 Sept. 1976 (Debentures)...
6.25 Dec. 1976 (Debentures)...
7.45 Dec. 1976 (Debentures)...
8.45 Dec. 1976 (Debentures)...
4-1/2 Feb. 1977 (Debentures)...
6.30 Mar. 1977 (Debentures)...
7.05 Mar. 1977 (Debentures)...
6.50 June 1977 (Debentures)...
6-3/8 June 1977 (Debentures)...
7.20 June 1977 (Debentures)...
6-7/8 Sept. 1977 (Debentures)...
7.85 Sept. 1977 (Debentures)...
7-1/4 Dec. 1977 (Debentures)...
7.55 Dec. 1977 (Debentures)...
8.45 Mar. 1978 (Debentures)...
7.15 June 1978 (Debentures)...
7.15 Sept. 1978 (Debentures)...
6.75 Dec. 1978 (Debentures)...
8.95 Dec. 1978 (Debentures)...
7.25 Mar. 1979 (Debentures)...
7.85 June 1979 (Debentures)...
9.80 June 1979 (Debentures)...
6.40 Sept., 1979 (Debentures)...
6.55 Dec. 1979 (Debentures)...
6-7/8 Mar. 1980 (Debentures)...
8.50 June 1980 (Debentures)...
7.50 Sept., 1980 (Debentures)...
6.60 Dec. 1980 (Debentures)...
7.05 Mar. 1981 (Debentures)...
7-1/4 June 1981 (Debentures)...
7-1/4 Sept., 1981 (Debentures)...
9.70 Sept., 1981 (Debentures)...
7.30 Dec. 1981 (Debentures)...
8-7/8 Mar. 1982 (Debentures)...
6.65 June 1982 (Debentures)...
6.80 Sept., 1982 (Debentures)...
7.35 Dec. 1982 (Debentures)...
6.75 June 1983 (Debentures)...
7.30 June 1983 (Debentures)...
6.75 Sept., 1983 (Debentures)...
6-1/4 June 1984 (Debentures)...
6.90 Dec. 1984 (Debentures)...
Mar. 1992 (Debentures)...
7
7.05 June 1992 (Debentures)...
7.10 Dec. 1982-97
(Debentures)...
8
Apr. 1975 (Capital
Debentures)...
4-3/8 Oct. 1966 (Capital
Debentures)...
7.40 Oct. 1982-97 (Capital
Debentures)
8-3/8 June 1975 (Mtg. Backed
Bonds).....
8-5/8 Oct. 1980-90 (Mtg. Backed
Bonds)...
Issues to State and Local Govern
ments (Mtg. Backed Bonds) 8/.....
Total.
District of Columbia:
4.20% Dec. 1970-79 (Bonds)...
Footnotes on following page
Total
amount
outstand
ing
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
476
mutual
savings
banks
2/
289
life
1
*
1
*
2
1
7
*
*
*
2
1
*
1
4
1
1
1
1
1
*
*
*
*
1
3
6
2
1
4
2
30
52
5
81
27
63
35
15
52
28
57
13
23
15
53
48
10
16
39
20
24
54
32
37
79
99
7
13
35
1
2
17
15
5
17
1
2
2
9
9
1
5
10
4
*
10
3
10
12
10
4
10
34
45
30
6
22
10
2
22
10
1
68
44
20
5
12
3
29
20
33
51
23
44
2
12
26
17
5
6
6
15
24
2
5
20
3
3
4
1
3
10
4
4
2
-
6
3
15
6
3
4
2
41
6
3
8
9
15
6
6
33
1
1
30
1
19
22
27
9
19
46
2
2
12
5
41
6
2
1
10
31
6
3
1
2
15
4
5
1
13
66
2
5
1
3
2
1
4
*
■*
*
*
*
2
7
1
2
4
3
_
*
*
1
2
*
2
1
9
*
1
*
2
3
*•
*
1
1
*
14
23
157
217
146
223
175
216
154
489
192
129
176
174
242
118
277
172
77
147
177
149
179
202
162
329
244
246
112
207
188
93
419
105
138
132
273
96
85
253
150
142
191
98
255
131
96
6
110
140
107
102
161
90
103
2
2
4
3
6
1
2
13
1
2
2
5
7
4
1
3
2
1
6
7
20
4
2
26
4
7
3
9
3
4
22
2
3
5
21
1C
5
10
6
4
12
2
27
8
3
6
3
16
3
*
4
4
6
18
10
*
9
-
3
14
115
11
9
-
*
19
2
22
-
108
1
17
15
5
13
6
9
13
14
24
15
14
18
9
6
20
9
9
11
3
9
4
5
19
13
11
11
17
6
5
3
5
20
35
26
4
3
24
8
13
18
*
9
1
32
13
5
12
3
31
17
17
31
13
*
1
*
250
200
250
200
200
65
137
87
121
149
112
43
91
173
94
155
52
115
16
125
105
50
68
184
67
104
165
179
102
152
118
108
50
199
121
115
133
116
65
69
204
112
74
42
43
54
106
33
51
56
166
34
85
44
42
19
17
27
200
17
13
200
-
40
248
400
500
500
650
600
550
300
300
500
300
600
300
350
250
450
400
300
350
250
250
300
250
300
250
200
300
200
300
Memorandum:
Held by
55,422
corporate
pension
trust
funds tj
4
2
1
4
2
2
1
1
1
*
*
■*
2
4
5
2
*
1
*
13
*
1
2
3
2
1
7
1
6
1
2
1
3
4
1
4
3
2
1
1
6
2
*
3
l
2
2
1
1
*
2
3
-
35
28
11
45
16
33
_
27
41
29
21
30
47
8
17
6
37
39
50
15
27
130
50
27
45
8
29
60
9
16
34
15
68
46
42
7
23
31
11
22
15
14
54
21
51
50
17
39
35
18
350
500
300
500
400
450
250
700
500
300
500
300
500
198
500
400
150
250
500
300
State and local
Held by
governments
all
486
other
445 fire, savings 467
188
casualty, and loan corpo 315
pension inves
and
associa rations general and re tors y
marine
tions
funds tirement
funds
Insurance companies
5,585
commer
cial
banks
2/
-
4
2
2
1
8
12
-
*
218
69
250
33
28
60
5
1
10
-
2
26
85
9
250
7
33
6
1
*
9
8
69
9
108
17
5
10
111
4
200
40
7
17
1
4
5
-
551
27,312
1,916
6,241
895
72
154
1,541
1,018
551
2,260
155
13,063
, 587
20
-
1
3
*
1
5
-
1
2
7
*
November 1974
81
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1974,
Footnotes Treasury Survey o f Ownership
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
3/
6/
2/
8/
2/
10/
*
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.
Data on holdings of nomarketable public debt were no longer collected
beginning with July 1974 Treasury Survey of Ownership.
Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
Includes matured securities outstanding on which interest has ceased.
Direct Placements with State and Local Governments with various
interest rates and maturity dates.
Includes securities issued for use as collateral for short-term
borrowings.
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.
Treasury Bulletin
82
•MARKET Q U O T A T IO N S ON T R E A S U R Y S E C U R IT IE S , OCTOBER 31, 1974
listed include all regularly quoted public marketable secu
Current market quotations shown here are over-thecounter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Securities
Table M Q-1. - Treasury Bills
Amount outstanding
(millions)
Issue date
13-week
26-week
13-week
$2,656
2.805
2,800
2,803
2.806
2,611
2,497
2,500
2,605
2,529
2,876
2,695
2,702
$1,801
1,902
1,901
1.903
1.904
1,903
1,907
1,901
1.905
1.906
1.901
1.901
1.902
2,007
2,004
1,991
2.004
2.005
1,806
1,802
1,800
1,894
2.003
2.004
2,009
1,996
8/8/74
8/15/74
8/22/74
8/r?/74
9/5/74
9/12/74
9/19/74
9/26/74
10/3/74
10/10/74
10/17/74
10/24/74
10/31/74
Bank discount
Maturity
date
Bid
5/9/74
5/16/74
5/23/74
5/30/74
6/6/74
6/13/74
6/20/74
6/27/74
7/5/74
7/11/74
7/18/74
7/25/74
8/1/74
8/8/74
8/15/74
8/22/74
8/29/74
9/5/74
9/12/74
9/19/74
9/26/74
10/3/74
10/10/74
10/17/74
10/24/74
10/31/74
Change from
last month
Issue
date
one-year
one-year
$1,801
1,803
1,802
1,802
1,801
1,801
1,802
1,802
1,802
1,806
+2.27#
+1.61
+1.00
+.67
+.53
+.53
+.58
+.92
+1.08
+1.23
+1.26
+1.16
+1.03
+.84
+.67
+.61
+.59
+.51
+.55
+.55
+.66
8.85#
8.25
7.73
7.41
7.06
7.06
7.04
7.04
7.61
7.82
7.91
7.91
7.80
7.98
7.96
7.95
7.95
7.94
7.94
7.94
7.94
7.93
7.93
7.93
7.92
7.77
11/7/74
11/14/74
11/21/74
11/29/74
12/5/74
12/12/74
12/19/74
12/26/74
1/2/75
1/9/75
1/16/75
1/23/75
1/30/75
2/6/75
2/13/75
2/20/75
2/27/75
3/6/75
3/13/75
3/13/75
3/20/75
4/3/75
4/10/75
4/17/75
4/24/75
5/1/75
Amount
outstanding
(millions)
1.803
1.803
2,003
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
Bank disount
Maturity
date
Bid
Change from
last month
11/19/74
12/17/74
1/14/75
2/11/75
3/11/75
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
8/26/75
9/23/75
10/21/75
8.20#
6.99
7.86
7.96
7.94
7.88
7.75
7.80
7.71
7.71
7.69
7.65
7.45
+1.46#
+.46
+1.21
+.68
+.53
+.09
-.18
-.19
-.37
-.38
-.39
-.29
7.75#
-.24#
Special Issue - 299 days
$2,005
9/4/74
6/30/75
Federal Financing Bank Bills and Tax Anticipation Bills
Amount
outstanding
(millions)
-
-
52-week
FFB: $1,501
Issue
date
Maturity
date
52-week
7/30/74
3/31/75
Bank discount
Did
Change from
last month
7.94#
+.13#
Table MQ-2. - Treasury Notes
(Price decimals are 32d's)
Price
Amount
outstanding
(millions)
$5,442
2,102
4,015
1,222
6,760
1,776
7,679
2,042
3,115
1,731
3,739
4,945
1,532
2,697
2,802
2,704
4,194
3,883
2,031
4,325
5,163
2,565
5,327
4,918
8,389
2,462
8,207
1,000
4,559
1,604
2,241
Description
Bid
5-3/4#
5-7/8
5-3/4
5-7/8
6
5-7/8
5-7/8
8-3/8
7
7
6-1/4
5-7/8
8
6-1/2
5-3/4
8-3/4
7-1/2
6-1/2
8-1/4
6-1/4
8
6-7/8
9
7-3/4
6-1/4
8-3/4
6
7-7/8
6-1/4
6-5/8
7
_
_
_
-
_
_
_
-
_
_
_
_
-
_
_
_
-
_
_
_
-
_
_
_
_
-
Footnotes at end of Table MQ-3.
11/15/74-A
12/31/74-F
2/15/75-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
12/31/75-H
2/15/76-A
2/15/76-F
3/31/76-H
5/15/76-B
5/15/76-E
6/30/76-1
8/15/76-C
8/15/76-G
9/30/76-J
11/15/76-D
2/15/77-A
5/15/77-C
5/15/77-D
8/15/77-B
2/15/78-A
8/15/78-C
11/15/78-B
5/15/79-D
8/15/79-A
11/15/79-B
11/15/79-C
99.28
99.19
99.08
99.09
99.00
98.30
98.13
100.13
99.10
99.05
98.00
99.17
100.06
98.02
97.00
101.13
99.19
97.23
100.18
96.29
100.10
97.14
102.10
99.20
95.04
102.13
93.12
99.26
93.14
94.16
96.03
Yield
Change
from last
month
To
maturity
+.05
+.03
+.05
+.05
+.09
+.10
+.13
+.07
+.18
+.23
+.14
+.20
+.12
+.16
+.17
+.17
+.22
+.17
+.16
+.21
+.08
+.18
+.12
+.11
+.12
+.09
+.13
+.12
+.18
+.14
9.68#
8.36
8.39
8.39
7.96
7.96
8.02
7.90
7.71
7.78
7.92
7.94
7.86
7.87
7.87
7.83
7.75
7.90
7.93
7.93
7.85
8.01
7.97
7.90
7.97
8.00
7.95
7.92
7.93
7.97
7.96
Change
from last
month
+1.73#
+.52
+.17
+.14
-.19
-.23
-.28
-.27
-.48
-.57
-.24
-.37
-.28
-.27
-.25
-.37
-.39
-.25
-.29
-.28
-.12
-.21
-.19
-.13
-.09
-.10
-.08
-.07
-.12
-.09
Issue
date
Price range since first traded 1/
High
Low
Price
11/15/67
12/28/72
2/15/68
10/22/71
5/15/68
4/3/72
2/15/71
9/4/73
8/15/71
11/15/73
2/15/69
8/15/72
4/9/74
5/15/69
2/15/72
5/15/74
10/1/69
2/15/73
9/30/74
9/8/71
2/15/70
2/15/74
8/15/74
8/15/70
2/15/71
5/15/74
11/15/71
11/6/74
8/15/72
2/15/73
11/15/73
104.20
99.30i
104.20
102.10
105.22
101.07
105.00
102.26
106.09
100.24
106.28
100.OlJ
100.06
107.24
101.00
101.14
111.28
99.26
100.21
103.27
114.08
100.16
102.16
114.00
106.20
102.31
101.08
99.28
100.20
100.06
101.10
Date
Price
Date
3/22/71
12/21/72
3/22/71
1/14/72
3/22/71
5/30/72
3/22/71
12/17/73
1/14/72
2/6/74
3/22/71
8/9/72
89.22
96.01
89.18
96.00
90.00
95.16
95.01
98.04
96.27
96.19
91.20
94.04
98.00
92.16
93.12
99.02
97.04
95.04
99.24
94.02
98.08
94.29
99.31
97.04
92.06
99.24
90.10
99.21
90.04
91.02
92.16
12/29/69
8/7/73
12/29/69
8/7/73
5/18/71
8/7/73
8/7/73
8/23/74
8/23/74
8/23/74
1/30/70
8/7/73
8/23/74
1/30/70
8/26/73
8/23/74
8/26/74
8/26/73
10/2/74
8/23/73
8/23/74
8/26/74
8/23/74
8/26/74
8/23/74
8/23/74
8/23/74
10/29/74
8/23/74
8/23/74
8/23/74
10/23/74
3/22/71
2/17/72
10/21/74
3/22/71
2/15/73
10/21/74
12/28/71
3/22/71
2/14/74
10/21/74
3/22/71
3/22/71
6/7/74
1/14/72
10/24/74
11/5/72
4/9/73
12/20/73
83
November 1974
.M A R K E T Q UOTATIONS ON T R E A S U R Y SECURITIES, OCTOBER 31, 1974.
Table MQ-2. - Treasury Notes—Continued
(Price decimals are 32d's)
Price
Amount
outstanding
(millions)
$7,265
4,285
1,842
8
30
27
11
5
17
15
3
2
1
Description
Bid
5/15/80-A
8A5/80-B
2/15/81-A
4/1/75-EA
10/l/75-E0
4/I/76-EA
IO/I/76-E0
4/1/77-EA
10/1/77-E0
4/1/78-EA
10/1/78-E0
4/1/79-EA
10/1/79-E0
6-7/8$
9
7
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
95.05
104.15
95.06
96.00
92.28
89.24
87.00
84.20
81.20
79.22
77.20
75.14
73.04
Yield
Change
from last
month
To
maturity
Change
from last
month
+.17
+.17
+.06
+1.02
+1.04
+.26
+.24
+.20
+.08
+.06
.00
+.02
7.98$
8.02
7.99
11.79
9.89
-.11$
-.12
-.03
-.65
-.53
-.17
-.12
-.05
+.11
+.11
+.15
+.11
9.44
9.07
8.72
8.80
8.49
8.32
8.26
8.27
Price range since first traded 1/
Low
High
Issue
date
Price
5/15/73
8/15/74
2/15/74
4A/70
10/1/70
4A/71
10/1/71
4/1/72
I O / l/72
4/1/73
lOA /73
4/1/74
10A/74
Date
100.22
104.29
100.26
94.28
91.24
88.30
88.16
85.06
83.18
81.02
80.08
78.06
73.04
10/9/73
10/18/74
2/14/74
9/30/74
9/30/74
9/30/74
7/31/74
3/29/74
3/29/74
2/28/74
2/28/74
4/30/74
10/31/74
Price
Date
91.16
100.21
91.14
74.26
76.16
80.02
80.26
80.02
80.16
79.16
77.20
75.12
73.04
8/23/74
8/23/74
8/23/74
5/29/70
10/30/70
6/30/71
10/29/73
4/28/72
10/31/72
9/30/74
9/30/74
9/W74
10/31/74
Table MQ-3. - Treasury Bonds
(Price decimals are 32d’s)
Price
Amount
out
standing
(m illions)
$1,213
1,198
1,462
2,571
1,895
807
2,702
2,353
919
1,216
3,784
3,618
225
627
1,914
1,398
770
692
2,931
1,473
Description
3-7/8$
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
4- 1/8
3
7
3- 1/2
8- 1/2
_
_
_
_
_
_
_
-
_
-
99.26
74.12
72.06
83.12
80.18
+.09
+1.14
+1.06
+.22
+1.02
To f ir s t
c a ll or
maturity
2/
9.98$
7.88
7.73
7.91
7.57
96.16
92.00
92.16
72.00
88.18
+1.27
+1.22
+2.20
+1.02
+.06
Bid
11/15/74
5/15/7 5-85
6A5/78-83
2/15/80
11/15/80
8A5/81
2/15/82
8/15/84 2 /
5A5/85 2/
11/15/86 2 /
Yield
Change
from
la st
month
Price range since f i r s t traded 1 /
Change
from
la st
month
+2.27$
-.2 2
-.19
-.1 2
-.2 0
12/2/57
4/5/60
5/1/53
1/23/59
10/3/60
7.67
7.84
7.47
7.06
7.59
-.3 6
-.3 1
-.4 0
-.1 5
-.0 2
8/15/71
2/15/72
8/15/72
6/3/58
11/15/71
2/15/90
8/15/87-92
2/15/88-93
2/15/93
8/15/88-93
2/
2/
2/
2/
2/
71.24
72.14
71.24
88.10
94.08
+1.00
+1.10
+.28
+3.22
+3.16
6.43
6.98
6.07
7.98
8.10
-.1 2
-.15
-.1 0
-.43
-.39
2/14/58
8A 5/62
1/17/63
1/10/73
8A 5/73
5A5/89-94
2/15/95
5A5/93-98
11/15/98
5/15/94-99
2J
2/
2/
2/
2/
71.28
71.22
89.00
71.20
103.04
+1.04
+1.00
+3.22
+.28
+3.18
6.74
5.29
8.05
5.68
8.18
-.1 2
-.09
-.4 0
-.0 8
-.3 7
4/18/63
2/15/55
5/15/73
10/3/60
5/15/74
1/ Beginning April 1953, prices are closing bid quotations in the overthe-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.
Low
High
Issue
date
Price
Date
Price
Date
110.24
105.28
111.28
103.18
97.24
110.02
101.14
99.24
101.04
100.20
4/22/58
5/5/61
8/4/54
5/12/61
5/12/61
82.14
66.30
62.02
71.04
66.24
12/29/69
5/26/70
5/26/70
12/29/69
5/24/70
11A5/71
3/9/72
11/15/72
6/11/58
11/5/71
4/21/58
12/26/62
1A6/63
1/4/73
9/28/73
93.16
86.16
87.12
61.08
87.16
8/28/63
6/18/55
9/28/73
5/12/61
6A0/74
61.26
59.20
84.04
59.20
97.02
9A8/74
8/28/74
8/27/74
5/26/70
8/27/74
5/26/70
5/26/70
5/26/70
8/26/74
8/26/74
5/26/70
5/26/70
8/26/74
5/26/70
8/26/74
106.26
104.10
100.11
99.22
104.14
100.26
101.12
99.22
95.14
104.16
59.20
63.00
62.18
82.18
89.16
2/ On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
^/ Included in the average yield of long-term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds.”
9?
Y IE L D S O F T R E A S U R Y S E C U R ITIE S , O C T O B E R 31, 1974
B a s e d o n c lo s in g b id q u o t a t io n s
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
10.5
PERCENT
10.0
>
w
*
H
H
JO
d
o
>
l-H
o
2
CO
O
2
»
>
Ul
a
w
O
M
yi
LEDGEND
x Fixed coupon issues
■ High coupon issues - 7 % and higher fixed maturity issues
• Callable issues, A High coupon callable issues - plotted
to earliest call date w h e n prices are above par and
to maturity date w h e n prices are at par or below
sfc 1 xh % exchange notes
+ Bills - coupon equivalent of 3mo., 6mo. and lyr. bills
7.0
6.5
O
o
H
O
W
H
»
1974
1975
1976
1977
1978
1979
1980
1981
7.0
CD
<1
ft
s;
1982
1983
1984
6.5
52
&
s-
Note: The smooth curve is fitted by eye. Market yields on coupon issues due in less than 3 months are excluded.
85
November 1974
AVERAGE YIELDS OF LONG -TERM BONDS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Treasury
bonds 1/
Period
S. I. A.
Aa new
corporate new Aa
municipal
bonds 2/
bonds 2/
S. I. A. I
new Aa
| Treasury
municipal 1! bonds 1/
bonds 2/ 1
Monthly series - averages of daily or weekly
Treasury
bonds 1/
Aa new
corporate
bonds 7j
1963
3.89 4 /
3.92
3.93
3.97 4 /
3.97
4 .0 0
4 .0 1
Oct...........
Nov...........
Feb...........
3.99
4.04
4.07
4.11
4.14
4.15
4.14
4.18
4 .2 0
May...........
June..........
July..........
Aug...........
Apr...........
May...........
Aug...........
Dec...........
Period
4.16
4.13
4.13
4.14
4.16
4.16
4.12 5/
4.14
4.14
4.16
4.15
4.15
4.14 5/
4.14
4.15
4.19
4.25
4.28
4.34
4.43
Treasury
bonds 1/
4 .2 2
2.98
4.25
4.28
4.35
4.36
4.32
3 .0 0
4.34
4.34
4.40
4.37
4.42
4.49
1964
4.50
4.39
4.45
4.48
4.48
4.50
3.08
4.44
4.44
4.49
4.49
4.48
4.49
1965
4.45
4.45
4.49
4.48
4.52
4.57
4.57
4 .6 6
4.71
4.70
4.75
4.92
Aa new
corporate
bonds 2/
3.15
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
3.08
3.05
3.15
3.18
3.15
4.40
4.47
4.45
4.51
4.76
3 .2 0
4 .8 6
3 .1 0
3 .1 0
4 .8 6
2.95
3 .0 0
3 .0 0
3 .1 0
3 .0 0
3 .1 0
3 .1 0
3 .2 0
3.15
3.15
3 .1 2
3.10
3 .0 0
3.08
3 .1 0
3.05
3.10
3.20
3 .2 0
3.15
3.30
3.30
3.35
3.45
S. I. A.
new Aa
municipal
bonds 2/
4.95
4.99
5.19
5.44
5.36
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
Period
1966
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6 .1 1
5.98
1967
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.3 0
6.33
6.53
6.87
6.93
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
Treasury
bonds 1/
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
1969
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6 .0 2
6 .3 2
6.27
6.52
6.81
9 .2 2
6 .8 6
4.10
4.30
4.35
6.44 5/
6.39
6.53
6.946.99
6.57
6.75
6.63
6.59
6.24 5/
5.97
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 4/
5.48
5.62
4 .0 0
Aa new
corporate
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
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 4 /
5.59
5.70
5.69
5.51
5.63
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
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
6.55
6.25
6.15
6.60
7.00
7.10
6 .2 0
6 .1 1
S. I. A.
Aa new
new Aa
corporate municipal
bonds 2/
bonds 2/
series
1970
9.00
S.84
9.00
9.09
9.53
9.70
9.09
9.08
9.00
9.14
8.97
8.13
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
S. I. A.
new Aa
municipal
bonds 2/
6 .2 2
6 .0 0
6.15
6.25
6.05
5.20
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
Period
5.96 4 /
6.14
6.25
6 .3 2
6.53
6.85 4 /
6.41
6.25
6 .3 0
6.35
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8 .1 0
7.97
7,95
8.09
1974
8 .3 2
8 .2 1
6.56
6.54
6.81
7.04
7.09 4 /
7.02
8.60
9.04
9.39
9.59
7.18
7.33 1/
7.30
7.22
10.18
10.30
10.44
10.29
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
5.19
5.25
5.42
5.61
5.89
5.92
6.75
6.55
6 .6 4
6.33
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
Weekly series - average for weeks ending 1974
May 3....
10__
17....
24....
31....
7.11
7.14
7.08
7.08
7.06
9.49
9.52
9.35
9.24
9.34
5.89
5.40
5.80
5.88
5.93
June 7....
14....
21....
28....
7.03
6.99
7.00
7.07
9.53
9.57
9.55
9.72
5.88
5.81
6.01
6.10
1974
July 5....
12....
19....
26....
7.12
7.22
7.24
7.11
9.88
10.13
10.17
10.25
n.a.
6.88
n.a.
n.a.
20...
7.34
7.30
7.32
7.27
10.48
10.43
10.35
10.50
n.a.
6.57
6.50
6.83
Aug. 2....
9....
16....
23....
30....
7.23
7.31
7.36
7.31
7.36
10.46
10.33
10.17
10.30
10.40
6.50
6.45
6.53
6.33
6.85
Oct. 4 ...
11...
18...
25...
7.31
7.26
7.22
7.19
11.00
10.65
10.25
9.96
6.70
6.60
6.18
6.07
1974
*1/ Treasury bond yields are based on a composite of closing bid quotations in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds aurrGfttly in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protection.
The value of 5 years call protection in that period ranged from 10 to
25 basis points.
2/ 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.
4 / Qne or more new long-term bonds added to the average.
5/ An existing bond dropped from the average.
n.a. Not available.
A V E R A G E Y IE L D S O F L O N G T E R M TR EA S U R Y, C O R P O R A TE A N D M UNICIPAL B O NDS
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C h a n g e in A a c o m p u t a t i o n m e t h o d e f f e c t i v e J u n e 1 9 7 3 , S e e f o o t n o t e 2 f o l l o w i n g t a b l e A Y -1
I
87
November 1974
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3 presents an area breakdown of United States
liquid and nonliquid liabilities to official institutions of
foreign countries.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
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-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.
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-7 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 3/
End of
calendar year
or month
1958.........................
1961.........................
1962.........................
1963.........................
1965.........................
1966.........................
1970.........................
1971.........................
1972.........................
1973-Oct.....................
Nov.............. .......
Dec.....................
1974-Jan.....................
Feb.....................
May.....................
June....................
July.....................
Total
reserve
assets
Special
drawing
rights 2/
Total 2/
Treasury
8/
2/
10/
22,857
20,582
19,507
17,804
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/
11,652 ig/
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10,367
10,367
10,732
10,3.32 ,
10,410 2/
11,567 10/
_
_
_
_
851
1,100
1,958 2/
2,166 10/
_
_
116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
8
14,367 10/
14,373
14,378
14,565
14,643
14,588
14,3fe
14,370
14,946
14,912 11/
15,460 11/
15,893 13/
15,890 11/
11,652 10/
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,567 10/
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11.567
11,567
11,567
11,567
11,567
2,166 10/
2,166
2,166
2,166
2,166
2,166
2,157
2,163
2,195
2,227 13/
2,200 11/
2,282 11/
2,306 11/
8
8
8
59
68
9
9
.669A
12
224
246
193
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
14,378
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 shewn in daily Treasury statement. See "Account
of the U.S. Treasury," 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.
ij Includes holdings of Treasury and Federal Reserve System.
5/ 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 Table IFS-5.
6/ Reserve position includes, and gold stock excludes, $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.
7/ Includes gain of $67 million resulting from revaluation of the German
mark in October 1969, of which $13 million represents gain on German
mark holdings at the time of revaluation. See also footnotes 3 and 4,
_
-
_
_
_
-
_
-
Reserve
position in
International
Monetary Fund j>/
Convertible
foreign
currencies tj
_
_
♦
1,975
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/
552 10/
541 10/
547
552
688
757
761
824
989
1,005
1,021 n /
1,384 11/
1,713 13/
1,739 11/
Table IFS-4.
8/ 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 5, Table IFS-4.
2/ 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.
10/ Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar on October 18, 1973, consisting of
$1,165 million total gold stock, $1,157 million Treasury gold stock,
$217 million special drawing rights, and $54 million reserve position
in the International Monetary Fund._
11/ Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted average of exchange rates for the currencies of
16 member countries. The United States SDR holdings and reserve
position in the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDR 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U.S. reserve position
U.S. total
Inetj_____
in the..IMF________
reserves
July
2,233
1,024
14,921
Aug.
2,240
1,407
15,523
Sept.
2,318
1,733
15,949
Oct.
2,326
1,748
15,919
88
Treasury Bulletin
INTERNATIONAL FINANCIAL STA TISTIC S___________
Table IFS-2. - U.S. Liquid and Other Liabilities to Foreign O fficial 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 10/___
1961 10/.....,
1962 IQ/...
1963 10/___
1964 IQ/...
196 5
1966 10/...
Total
15,825
16,845
19,428
20,,994
21,<027
[22,853
122,936
[24,268
[24,268
(
T26,433
[26,394
f)29,313
[29,364
29,569
f31,145
I31,020
197 2
135,819
135,667
I38,687
,38,473
f45,755 11/
,45,914
1*47,009
[46,960
[67,681
167,808
82,853
.
197 3
1973-Sept...,
Oct.
Nov.
Dec.
1974-Jan....,
Feb....,
Mar___
Apr.
May....,
June...,
July...,
Aug.p..,
Sept.p.,
92,371__ ll/
91,930
93,017
92,393
92,371
89,876
91,807
95,517
97,306
100,753r
103,699r
106,743
109
110,413
1967 10/...
1968 IQ/...
1969 10/...
1970 IQ/...
1971 10/ 12/,
Note:
1/
K
2/
1/
7/
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
1,011
1,011
1.033
1.033
1,030
1,030
1.019
1.019
566
566
544
544
Official institutions 2/
Liquid
Total
Non
Market market
Short
able
term
able
convert
liabil U.S.
ible U.S.
Treasury
ities
Treasury
reported bonds
bonds
by banks and
in U.S. notes 2/ and
notes
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
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
15,975 11/
15,998
23.786
23,775
51,209
50,651
61.526
7,917
8,665
9,154
10,212
10,212
10.940
10.940
11,997
11,963
12.467
12.467
66,810 12/
69,777
69,702
67,400
66,810
63,871
64,099
65.527
67,163
68,014
69,993
71,091
70,964
72,537
n.a.
n.a.
966
866
876
890
890
751
751
1,217
1,183
1.125
1.125
1,105
860
860
908
908
Non
market
Other
able
readily non
market convert
able
ible U.S.
liabil Treasury
ities ij bonds and
notes 5/
9
9
158
158
120
4 0 ,000
529
462
346
346
306
295
1.955
1.955
5,236
703
703
1.079
1.079
1,201
256
256
711
711
701
701
55511/
555
429
429
6,060
6,093
12,108
43.919
45,174
45,212
43,791
43.919
41,556
41,991
43,412
45,184
46,031
47,429
48,447
48,394
50,063
5.701
6,914
6,929
6,207
5.701
5,229
5.192
5.192
5,020
5.013
5.013
5.013
4,940
4,880
12,319 12^ 1,661
12.319
2,015
12.319
2,009
12.319
1,849
1,661
12.319
12,321
1,555
12,322
1.384
12.329
1.384
12.330
1,419
12.330
1,430
12.330
1,566
12.330
1,646
12.330
1,645
12,330
1,609
13,224
13,220
13,066
12,484
12,539
14,034
14,027
11,318
11,318
11,054
11,077
19.333
19.333
39,679
39,018
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 non
marketable, nonconvertible U.S. Treasury notes issued to foreign of
ficial 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 ly 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.
Liquid
liabil
ities
to non
monetary
Market interna
tional
able
and re
U.S.
gional
Gov't,
bonds
organi
and notes zations
S/
2/ U
Liquid liabilities
to other foreigners
913
913
1.807
1.807
2.341
2.341
1.505
1.505
695
695
144
144
543
Short
Liquid
term
liabil
liabil
ities
ities
to
Total reported
banks 6/
by banks
in U.S.
3,472
3,520
4,678
4,818
4,818
5,404
5,484
200
5.346
200
5.346
5.817
63
5.817
63
7,271
204
204
7,303
7,419
334
328
10,116
328
9,936
11,209
741
11,085
741
2.518
14.472
2.518
14.472
2.515 11/ 23,638
2.515
23,645
17,137
3.023
17,169
3.023
3,371
10,262
10,949
3,441
3,639
14,665’
3.210 12/
3,355
3.233
3.234
3.210
3,210
3,210
3,210
3,210
3,210
3.655
3.655
3.655
3.655
n.a.
n.a.
2,940
2,252
2,430
2,399
2,230
2,230
2,355
2,357
2.565
2.565
3.046
3.046
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
3,354
3,377
3,587
3.743
3.744
4,127
4,120
5,053
4,909
4,464
4,589
4,676
4,604
4,138
4,141
4.444
4.444
3,939
4,064
4,029
4,039
3,691
3,694
4,610
'5,035
17,64? 5.911
15,031 5,503
15,958 5,536
17,261 5,722
17,647 5.911
18,040 6,044
19,692 6,223
22,028 6,544
22,060 6,789
24,312r 6,880
24,850r 7,146
26,509 7,338
29,188 17^27.
27,830 8,055
i
5.481
5,156
5,162
5,312
5.481
5,595
5,813
6,144
6,369
6,510
6,780
6*957
1057.
7,659
n.a.
n.a.
541
543
550
516
516
488
448
351
341
376
376
472
528
528
558
558
609
465
525
525
647
565
447
447
425
430
347
374
ao
430
449
ao
400
420
370
366
38i
370
396
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
1,627
2.003
1,619
1,821
2,010
2.003
1,921
1,793
1,08
1,294
1,547
1,710
1,805
2,035
1,991
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
9/ Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
10/ Data on the’two lines shown for this date differ because of changes m
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second*
line are comparable to those shown for the following date.
11/ 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.
12/ Data on the second line differ from those on the first line because
certain accounts^previously classified as "official institutions" are
included with ’"banks'!; a number of reporting banks are included in the
series for the first time: and foreign currency liabilities to of
ficial institutions of foreign countries are increased in value by
$110 million 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 non
marketable nonconvertible U.S. Treasury bonds and notes, $70 million.
12/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follcws: short-term liabilities,
$15 million; nonmarketable convertible US Treasury notes, $128 million;
and nonmarketable nonconvertible US Treasury notes, $19 million.
n.a, Not available.
Preliminary.
r Revised.
P
8/
November 1974
89
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liquid and Other Liabilities to Official Institutions
of Foreign Countries, by Area
(.In millions of dollars;
Total
foreign
countries
Western
Europe
1/
1963.................
14,425
1964.................
1965.................
1966 2/...............
15,786.
15,826
End of
calendar year
or month
[ 14,841
14,896
1967.................
1968 2/...............
1969 2/...............
f
\
/
\
18,194
17,407
17,340
15,975 A/
15,998 A/
Latin
American
Republics
Asia
8,508
1,789
1,058
2,740
154
176
9,325
8,826
7,772
7,772
10,321
8,070
8,062
1,812
1,702
1,283
1,550
1,310
1,310
1,582
1,865
1,865
1,888
1,911
3,028
3,309
3,900
3,955
4,428
160
5,043
4,997
4,552
4,552
194
278
278
250
259
248
546
546
178
245
248
248
303
303
302
291
2^1
1,681
1,681
407
407
415
415
777
414
413
871
870
2,963
7,074 A/
7,074 5/
1,333
1,333
1 ,3 1 0
1,867
1,866
1,624
1,624
1972.................
61,526
1973..................
66,810 6/
45,717 6/
3,853
2,544
10,884
788
3,024
1973-Sept.............
Oct..............
69,777
69,702
67,400
66*810
63,871
64,099
65,527
67,163
68,014
69,993
71,091
70,964
72,537
47,099
47,514
46,002
45,717
43,270
42,391
42,772
42,648
42,816
43,200
43,002
42,286
42,675
3,759
3,851
3*820
3,853
3,945
4,262
4,195
4,309
4,302
4,201
4,125
3,953
3,819
1,861
1,938
2,233
2,544
2,446
2,743
2,887
3,532
3,384
4,005
3,951
4,127
4,356
13,289
12,601
11*474
10,884
10,479
10 878
11,631
12,360
12,988
13,992
15,209
15,526
16,184
769
735
785
788
838
1,000
1,249
3,000
3,063
3^086
3,02b
1971 2/ 5/.............
1974-Jan.*..............
Feb..............
Mar............. '.
Apr...............
May...............
July..............
Aug. p.............
Sept.p.............
2,951
2,951
3,980
3,980
4,279
1,414
1,429
1,733
4,713
4,708
14,519
13,823
17,577
Africa
13,620
13,615
30,010
30,134
.34,197
1970 2/...............
[ 23,786
I 23,775
f 51,209
50,651
Other
countries
2/
Canada
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 nonmarke
table U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies 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.
2/ Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
2/ Data on the two lines shewn for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
1,402
1,620
1,854
2,055
2,272
2,850
2,893
2,825
2,793
2,912
2,904
2,741
2>J£
2,800
2,653
coverage to those shown for the preceding date; ngures oii
secdM
line are comparable to those shown for the following date.
A/ Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark In October 1969.
5/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions” are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of foreign currency
lipbilities revalued to reflect market exchange rates.
p
Preliminary.
Treasury Bulletin
90
- 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
1963.....................
1964.....................
1965.....................
1966.....................
1967.................:....
1968.....................
1969.....................
1971.....................
1973-Oct.................
Nov.................
Dec.................
1974-Jan.................
Feb.................
Mar.................
Apr...................
May. ................
June.................
July.................
Sept.................
Total
Total
Belgium
Canada
1/
Denmark
Germany
251
893
1,440
1,692
695
1,563
3,330
3,181 4/
3,563 ,
9,657 5/
15,872
15,669 6/
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
_
_
32
32
32
32
20
-
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
_
20
_
-
5,000
11,315
11,670
15,691
15,692
15,669
15,671
15,672
15,680
15,682
15,682
16,127
16,127
16,127
16,127
16,127
14,233
14,233
.
_
d.
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
_
_
_
-
11,670
11,670
11,670
11,670
11,670
11,670
11,670
11,670
12,115
12,115
12,115
12,115
12,115
14,210
14,2 1 0
14,210
1 4,2 1 0
14,210
14,210
14,655
14,655
14,655
14,655
14,655
Italy
1/
Korea
Sweden
Taiwan
Thailand
13
160
184
177
146
135
25
22
22
-
15
15
15
15
15
-
»
25
25
25
25
25
25
“
20
20
20
20
20
-
_
100
100
100
100
100
-
22
22
_
_
_
_
_
_
_
_
_
_
-
_
-
_
_
_
_
_
_•
_
_
-
_
_
_
_
_
_
—
_
-
i
"
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 ij
1,083
1,827 5/
1,539
1,459 6/
1973-Oct.................
Nov.................
Dec..................
1974-Jan..................
Feb.................
Mar..................
Apr..................
May.................
June.................
July.................
1,458
1,459
1,459
1,461
1,462
1,470
1,472
1,472
1,472
1,472
1,472
1,472
1,472
Sept.................
Oct..................
Austria
Belgium
-
-
50
50
101
25
50
50
30
30
30
30
60
_
_
-
-
_
_
-
_
-
Germany
y
-
275
679
602
50
601
1,051
1,084 U
542
612
306
_
_
*
Italy
Switzerland
200
200
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
-
125
125
125
226
125
_
_
_
_
_
-
-
-
-
-
-
-
-
-
-
Bank for
International
Settlements
_
70
93
-
-
1,458
1,459
1,459
1,461
1,462
1,470
1,472
1,472
1,472
1,472
1,472
1,472
1,472
_
_
_
_
_
_
_
-
......
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. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
....... -
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
ij Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
*>/ 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 IES-1.
6/ Includes $15 million increase in March and $147 million increase ir
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
91
November 1974
IN TERN ATIO N AL FINANCIAL S T A T IST IC S
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
'1SR-57.
1958___
1959....,
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
1973-Oct.
Nov.
Dec.
1974-Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.,
Sept.
Oct..
Payments
of
subcriptions in
dollars
2,063
Net
gold
sales
by IMF
y
Trans
actions
in
foreign
curren
cies 2/
600
1,031
150
525
435
680
776
-84
1,155
541 2/
754 If
22
712 6/
150
1,362
200
754 2/
-133
IMF holdings
of doliars at
end 0 f period
Transactions by
other countries
with IMF
IMF net
income
dollars
-45
-2
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
Purchases
of
dollars 2/
-2,670
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
—806
-1,343
-854
-24
-4
-5
-5
-4
-4
-4
-2
-5
-5
-61
-160
-12
-4
-5
-6
-5
-14
-378
-320
-9
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 $7,274 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).
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. commtment to repurchase by an equivalent amount.
2/ Beginning January 1970, includes dollars obtained by countries other
-65
Repur
chases
in
dollars
827
271
442
580
521
719
207
5
-
1
-
268
741
40
Total
change
Amount
775
17
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
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
7,531
750
-5
-5
-137
* -69
-4
-63
-165
-17
-18
-383
-326
-14
7,541
7,536
7,531
7,394
7,325
7,321
7,258
7,094
7,077
7,059 8/
6,675 8/
6,349 £/
6,335 $[
Percent
of
U.S.
quota
28
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
93
93
93
91
91
91
90
88
88
87
83
79
78
U.S.
reserve
position
in IMF
at end of
period
y
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 5/
326
420
1,290
2,324
1,935
585
465
552
541
547
552
688
757
761
824
989
1,005
1,021
1,384
1,713
1,739
than the United States from sales of gold to the Fund.
4 / Represents the United States gold tranche position in the Fund (the
5/
£/
7/
g✓
—
United States quota minus the Fund1s 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.
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.
Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
Excludes currency valuation adjustment payable to the United States of
$20 million for July and $102 million for August; and currency valuation
adjustment payable to the Fund of $14 million for September and $42
million for October.
* Less than $500,000.
Treasury Bulletin
92
JN TE R N A TIO N A L FINANCIAL STA TIST IC S,
Table IF S-6. - U .S . Net Monetary Gold T ransactions with Foreign Countries
and International and R egional Organizations
(In millions of dollars) 1/
Calendar year
1973
Area and country
Western Europe:
Austria.............................
Belgium.............................
Denmark.............................
France.............................
Germany.............................
Greece.............................
Italy..............................
Netherlands.........................
Spain..............................
Switzerland.........................
Turkey.............................
United Kingdom.......................
Bank for International Settlements.......
Other..............................
1969
1970 2/
25
325
500
-1
-76
-2
-129
1971
1973
Apr. June
July Sept.
Oct. Dec.
Jan. Mar.
Apr. .
June
-110
-473
-10
-25
-18
-50
51
-50
1
-175
12
200
36
-15
-25
969
-204
-796
-25
-12
-28
-23
-1
-25
-13
-4
-18
-42
-1
Total Latin American Republics..........
-54
-131
-5
Asia:
Japan..............................
Other..............................
42
-119
-95
-38
Total Asia..........................
42
-213
-38
Total Western Europe..................
1972
1974
-25
Canada...............................
Latin American .Republics:
Argentina...........................
Brazil..............................
Colombia............................
Mexico..............................
Peru...............................
Venezuela...........................
Other..............................
Africa:
Total Africa.........................
-70
Other countries:
Total other countries.................
-11
-2
957
-631
-845
10
-156
Total foreign countries.... .............
International and regional organizations j/...
Grand total...........................
967
-787 2/
-3
-22
-867
1/ At $35 per fine troy ounce through May 8, 1972; at $38 from May 9, 1972
through October 18, 1973; and at $42.2222 thereafter. Negative figures
represent net sales by the United States; positive figures, net
acquisitions.
2/ Includes in 1970 total (Oct.-Dec.1970) the U.S. payment of $385 million
increase in its gold subscription 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 countiy data include, for the
-547
' same period, gold sales by the United States to various 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.
November 1974
93
.INTERNATIONAL FINANCIAL STA TIST IC S.
Table IFS-7. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-Weighted Average Appreciation (+)
or Depreciation (-) of the U. S. Dollar 1/
Vis-a-Vis
End of calendar
year or month
Currencies of
OECD Countries 2/
Currencies of 47 Main
Trading Countries 2/
1970................................
-1.9
-1.0
1971................................
-8.2
-4.5
-9.4
-4.5
1973..... *..........................
-14.7
-9.3
1973-Oct.............................
Nov.............................
Dec.............................
1974-Jan.............................
Feb.............................
Mar.............................
Apr.............................
May.............................
-18.9
-15.5
-14.7
-12.0
-15.0
-17.3
-18.1
-17.4
-16.5
-15.2
-13.5
-13.8
-14.3
-12.5
-10.0
-9.3
-7.5
-9.6
-11.2
-11.8
-11.3
-10.6
-9.6
-8.4
-8.4
-8.8
July.............................
Aug.............................
Sept............................
Oct..............................
This table presents calculations of weighted average
percentage changes in the rates of exchange between the dollar and
certain foreign currencies, in order to provide a measure of changes
in the dollar's general foreign exchange value broader than a measure
provided by any single exchange rate change. Calculations are pro- *
vided for two sets of countries that account for a major share of
U.S. foreign trade. U.S. bilateral trade patterns in 1972 are used as
a convenient, readily available proxy for the assignment of relative
weights to individual exchange rate changes, though such weights do
not provide a full measure of individual currencies* relative impor
tance in U.S. international transactions because they take no account
of factors other than trade. The calculations do not purport to
represent a guide to measuring the impact of exchange rate changes on
U.S. international transactions.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
(EQ1)
Em = Z(A$/fci * Mi/ZM)
Where:
is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies?
A$/fci is the percent change in the dollar
cost of foreign currency i; and
Mj/EM is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
(EQ2)
Ex = Z(AfCi/$ * Xi/IX)
Where:
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars;
Afcj/$ is the percent change in the
foreign currency i cost of dollars; and
Xj/ZX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E = [(Ejjj * m/m+x) - 1] + [Ex * x/m+x]
Where:
m/m+x is U.S. imports as a proportion
of its total trade with all countries in
the set; and
x/m+-x is U.S. exports as a proportion of
its total trade with all countries in the
set.
2/ Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland,
France, Germany, Greece, Iceland, Ireland, Italy, Japan, the Nether
lands , New Zealand, Norway, Portugal, Spain, Sweden, Switzerland,
Turkey, United Kingdom.
2/ The currencies of 47 IMF member countries which account for approx
imately 90# of U.S. total trade. As of October 1974 this entire
series has been modified to include Hong Kong, Indonesia, Argentina
and Brazil, which had not been included in the calculations prior
to February 1974, and to exclude Chile.
94
Treasury Bulletin
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193^ > Execu
tive Order 10033 of February 8, 19^9 > 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 3 1, 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;
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 axe known by reporting institutions
to be acting on behalf of foreigners.
In general, data cure 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 axe 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, a x e 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 cure filed by exporters, importers, in
dustrial and conmercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims axe $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers axe 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, axe included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term a n d 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 II I 'and IV show respectively the liabilities
November 1974
95
CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms ,financial institutions
other than banks and brokers, and other 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 I F S - h ) . 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 1 9 6 9 , transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are
the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
United States balance of payments.
l/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
96
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
___________________________ (In millions of dollars)________________________
Foreign countries
End of
calendar year
or month
Total
short
term
liabili
ties
International and regional
Banks and other foreigners
Official institutions 1/
Payable in dollars
Total
Total
Payable
in
dollars
Payable
in
foreign
currencies
Total
Banks
Other
foreigners
Payable
in
foreign
currencies
2,252
59
742
1957.
14,383
13,641
7,917
7,917
1958.
15,367
14,615
8,665
8,665
5,950
3,460
2,430
59
4,601
2,398
77
5,724
3,413
Total
IMF
gold
invest
ment- 2/
Non
monetary
interna
tional and
regional
2/
200
542
752
200
552
531
1959.
17,261
16.231
9,154
9,154
7,076
1,031
500
1960.
18,701
17,260
10,212
10,212
7,047
4,705
2 ,2 3 0
113
1,442
691 U
751
1961 £/.
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
2,35^
104
104
1,317
1,317
613 U
613 U
704
704
1962 2/.
fa,958
I21,958
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
1963....
22,877
21,330
12,467
12,437
30
8,863
5,713
3,046
104
1,547
739 U
808
1964 5/.
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
811
25,551
24,072
13,066
13,066
11,006
7,360
3,587
59
1,479
800
679
1966 5 /.
f 27,724
< 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
800
800
581
581
1967 5/.
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
4,128
11,008
4 ,1 2 0
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 $/.
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 £/.
41,719
41,761-
40,499
40,541
19.333
19.333
19.184
19.185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1 ,2 2 1
1,2 2 1
400
400
821
821
53.632
53,661
59,275
67,047
39,679
39,018 6 /
40,000
43,919
39,521
38,854 6 /
39,829
43,792
158
165 2/
171
3,692
3,694
228
228
400
400
4,610
5,481
325
469
1,772
1,767
1,413
127 8/
10,034
13,954
14,643 6/10,721 6/f
14,340
19,275
17,178
23.127
1,372
1,367
1,413
1,955
65,361
66,332
66,364
67,047
65,191
67,496
71,584
73,613
76,853
79,059
81,913
84,739
85,552
45,174
45,212
43,791
43,919
41,556
a, 991
45,046
45,085
43,663
43,792
a , 429
41,864
43,285
45,057
45,904
47,302
48,320
48,266
49,936
127
127
127
127
127
127
127
127
127
127
127
127
127
20,188
21,120
22,574
23.127
23,635
25,505
28,172
28,429
30,822
31,629
33,'466
36,346
35,489
5,157
5,162
5,313
5,481
5,595
5,813
6,144
6,369
6,511
6,779
6,957
7,158
7,659
533
449
495
469
513
196 5
196 8
1971 2/ £/.
1972
1973
1973-Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July...
Aug..p.
Sept.p,
(
f 55,404
\ 55,42860,689
69,002
66,914
68,100
68,326
69,002
67.043
69,189
72,735
74,722
78,186
80,652
83,592
86,601
87,452
4 3 ,4 1 2
45,184
46,031
47,429
48,447
48,394
50,063
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 £old
was reacquired by the International Monetary Fund.
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).
In addition, IMF gold investment included investments in U.S. Govern
ment bonds and notes which amounted to $109 million at end I960, $187
million at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes
14,498
15,509
16,766
17,178
17,527
19,050
21,389
2 1,481
23,786
24,185
25,970
28,569
27,261
642
639
579
526
665
539
618
568
1,955
j
1,552
1,768
1,962
1,955
•
1,853
1,693
1,151
1,109
1,333
1,593
1,679
1,861
1,900 J
1,250
1,284
.
_
-
_
-
-
|
1,552
1,768
1,962
1,955
1,853
1,693
1,151
1,109
1,333
1,593
1,679
1,861
1,900
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" are
included with "banks" and a number of reporting banks are included in
the series for the first time.
7/ 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.
November 1974
97
.CAPITAL M O V E M E N T S .
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
(in millions of dollars)
Official institutions
Banks and other foreigners
l/
Payable in dollars
Payable in dollars
total
foreign
jountries
End of
calendar
year
or month
Deposits
Demand
195
195
195
196
3,059
3,511
2,834
3,038
3.389
3.389
3,261
3,2^4
1,402
2,451
2,820
1.591
2,-816
1.591
2,862
1,535
2,612
r26,343 1.679
2,668
26,219 1.679
2,462
29,370 2.054
2,458
29,232 2.054
1,899
2,149
1,918
2,951
?
2,942
1,930
30,234
1,652
2.554
(38,631 1,652
2.554
38,786
2,504
^40,499 1,620
1,327 y\ 2,039V
40,541
2,880
^53,632 1.591
3,911
53,661 2,125
13,641
14,615
16,231
17,260
18,699
18,781
19,908
19,874
21,330
23,849
23,900
24,072
7
8
9
0
1961 y . . .
1962 y...
196 3
1964 2/...
196 5
1966 y . ..
1967 y...
196 8
1969 y ...
1970 y ...
1971 y v
197 2
197 3
Time
2/
U.S.
Treasury
bills and
certifi
cates
(
i
1973-Sept.
Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July..
Aug..p
Sept.p
59,275
67,047
65,361
66,332
66,364
67,047
65,191
67,496
71,584
73,613
76,853
79,059
81,913
84,739
85,552
1,633
1,811
2,035
2,125
2,379
2,407
2,631
2,920
2,352
2,642
2,561
2,472
2,824
3,226
3,846
3,802
3,911
3,705
3,703
3,800
3,949
4,024
4,277
4,463
4,447
4,288
Other
short
term
liabili
ties 2/
Payable
in
foreign
cur
rencies
Demand
7.554
7.554
7,186
6,316
6,*316
7.985
7.985
5,486
3.844
3.844
13.367
13.367
32.311
32.311
31,453
31,511
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
6,245
33,554
32,613
31,529
31,511
29,152
29,917
31,064
32,312
33,731
33,745
33,749
32,687
32,955
6,634
6,814
6,298
6,245
6,192
5,836
5,790
5,877
5,796
6,638
7,547
8,660
9,870
127
127
127
127
127
127
127
127
127
127
127
127
127
6,193
6.412
6.412
7.759
7.759
7,548
612
762
582
982
5,070
5,250
5,734
6,941
6,329
6,857
6,572
6,601
6,913
7,692
7,108
6,861
7,089
1/ Includes Bank for International Settlements and European Fund.
•2/ Kme deposits exclude negotiable time certificates of deposit, which
are included in “Other short-term liabilities.,,
y 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.
4 / Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
I
Time
2/
2,737
3,017
3,369
4,210
46
4,854
4,917
46
4.678
48
4.678
48
838
4,102
30
967
5,006
967
5,027
900
4,941
1,249
6,795
517
6,636
1,243
517
1.142
152
7,933
1.142
152
7,763
1,273
1C,374
463
1,988
202
16,745
16,756
202
1,999
1,326
12,376
148
148
12,385
1,354
850
158
7,047
320
165 y
3,399V
405
4,658
171
127 6/ 6,941
515
4,246
4,392
5,738
Other foreigners
Banks
Deposits
436
479
474
515
517
526
511
683
795
1,002
1,160
1,426
1,620
U.S.
Treasury
bills and
certifi
cates
158
131
492
76
43
43
83
83
68
142
142
113
137
137
129
129
30
20
20
14
14
8
8
5
11
8
7
8
11
14
32
54
63
82
95
204
200
258
Deposits
Other
short
term
liabili Demand
ties 2/
518
312
740
419
402
420
490
490
704
1,039
1,077
1,406
1,842
1,848
1,927
1,973
2,621
4,658
4,644
3,202
3,197
2,130
6,995 y
9,272
9,710
8,984
9,774
10,550
9,710
10,668
11,635
14,251
14,133
15,996
15,397
17,499
20,083
18,294
Time
2/
1,972
1,977
2,007
2,140
2,020
2,131
2,351
2.392
2,312
2,415
2,432
2.393
2,722
Payable
in
foreign
cur
rencies
107
107
131
131
96
96
65
68
469
502
503
332
329
329
302
292
362
312
312
325
325
274
271
481
936
59
59
77
113
104
104
95
95
104
118
90
59
93
72
77
77
173
226
226
220
220
228
228
325
469
2,226
2,196
2,323
2,336
77
76
67
68
881
912
915
936
533
449
495
469
2,479
2,543
2,591
2^610
2,730
2,902
2,96'
3,1561
3,25*
91
93
98
92
124
107
175
145
185
1,005
1,045
1,104
1,274
1,345
1,355
1,383
1,464
1,495
513
642
639
579
1,766
1,951
1,833
1,849
1.976
1.977
2,096
2,096
1,493
1,523
1,531
1,574
1.513
1.513
1.693
1.693
1,797
1,709
1,711
1,688
1,688
1,660
1,660
1,954
2,140
Other
U.S.
Treasury short
bills and term
certifi liabili
ties 2/
cates
966
1,257
1,271
1,594
1.819
1.819
2,052
2,054
2,199
1,811
1,935
1,«
1,895
1,663
1,666
2,110
2,336
278
306
295
148
149
149
116
116
119
72
72
87
83
83
81
81
209
174
270
233
230
230
352
352
526
665
539
618
568
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
98
________________________ C A P I T A L M O V E M E N T S __________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-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
1957.......................
1958.......................
1959.......................
1960 .......................
1961.......................
1962 5/.....................
1963.......................
1964.......................
1965.......................
1966 .......................
1967 5/.....................
1968 .......................
1969.......................
1970.......................
1971 5/.....................
1972.......................
1973-Sept...................
Oct.....................
Nov....................
Dec....................
1974-Jan....................
Feb....................
May....................
June...................
July
.................
Sept. p.................
Total
international
and regional
742
752
1,031
1,442
1,317
T 2,050
t 2,084
1,547
1,618
1,479
1 ,3 8 1
f 1,287
\ 1,273
1,483
1,413
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
500
691 U
613 U
800
800
739 U
800
800
800
800
800
800
800
219
354
540
568
70
66
42
56
67
67
68
384
207
200
139
124
120
400
400
69
73
73
113
83
159
192
192
-
86
101
202
86
1,772
^ 1,767
1,413
1,955
1,679
1,861
1,900
Time 2/
50
209
76
200
400
1,552
1,768
1,962
1,955
1,853
1,693
1,151
1,109
1,333
1,593
Demand
200
1,2 2 1
f
Nonmonetary international and regional organizations 2/
Deposits
.
_
_
-
-
1/ Short-term U.S. Government obligations at cost value, and dep'osits
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 fo" Reconstruction and Development
and the IntersAmerican 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
million at end 1971).
62
U.S. Treasury
bills and
certificates
490
2
343
449
532
*
294
572
572
215
231
170
212
178
178
6
*
55
138
145
138
314
266
173
118
107
108
394
244
224
211
381
211
211
896
892
800
1,471
326
296
80
70
73
99
93
97
101
86
95
77
96
60
95
106'
91
65
60
54
64
227
209
46
91
120
66
51
81
127
67
69
146
66
Other
short-term
liabilities 2/
62
173
373
296
286
232
75
1,311
1,431
1 ,4 2 0
1,471
1,3 8 0
1 ,3 1 8
762
780
1 ,1 3 8
1,332
1,442
1,567
1,629
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
£/ In addition, IMF gold investment included investments .in U.S. Gov
ernment bonds and notes which amoonted 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
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.
* Less than $500,000.
p Preliminary,
99
November 1974
________________________ C A P I T A L M O V E M E N T S __________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1973
Apr.
161
1,483
659
165
3,483
13,227
389
1,404
2,886
965
534
305
1,885
3,377
98
6,148
86
3,352
22
110
40,742
3,627
248
1,795
358
140
2,767
13,035
285
1,386
2,507
923
450
289
1,475
4,228
92
7,697
82
3,003
52
95
40,905
4,350
860
86
44
5,560
914
824
860
157
247
7
1,284
279
135
120
1,468
880
71
359
7,606
39
675
318
98
108
177
15,843
192
438
171
1,071
19,131
1972
1971 1/
May
June
July
Aug. p
298
1,739
261
143
3,018
13,777
239
1,435
2,407
923
452
365
1,350
5,137
95
8,792
86
2,494
28
104
43,145
3,983
310
1,827
266
174
3,425
13,528
232
1,281
2,352
911
411
324
1,211
6,383
125
8,533
100
2,701
27
126
44,247
3,550
482
1,819
239
203
3,763
12,602
222
1,327
2,232
878
429
362
1,160
7,209
134
8,294
106
2,851
27
133
44,472
3,595
528
1,928
251
229
3,611
11,873
298
1,101
2,225
894
422
303
1,049
7,813
106
8,969
100
2,833
26
147
44,706
595
1,924
268
219
3,561
9,337
293
3,138
2,498
1,023
435
377
1,096
8,061
100
8,709
151
3,249
40
149
45,222
3,250
3,754
1,058
1,335
774
224
227
6
1,374
408
160
121
2,297
1,144
63
566
9,757
1,180
1,945
731
191
227
6
1,416
551
162
132
2,248
1,053
95
424
10,361
1,365
1,486
782
238
217
6
1,410
552
166
121
2,708
1,073
124
450
10,699
1,238
1,548
778
277
267
7
1,409
569
197
122
2,599
1,187
92
671
10,960
1,175
3,203
817
251
290
6
1,611
448
184
115
2,999
1,073
103
825
1,105
1,241
873
266
293
7
1,643
511
182
120
3,217
1,216
123
539
13,100
11,335
38
757
372
85
133
327
6,954
195
515
247
1,202
10,826
39
573
453
177
305
275
8,668
253
642
536
1,942
13,861
39
620
512
264
220
267
9,060
234
731
517
1,886
14,350
33
688
462
225
257
256
9,419
262
772
524
2,572
15,470
39
772
470
172
863
226
9,973
215
762
451
3,634
17,578
40
842
490
131
785
211
9,894
277
715
403
4,272
18,063
40
822
621
158
943
217
10,118
304
748
362
4,743
19,076
71
20
122
52
1,703
1,968
84
39
102
58
1,911
2,193
91
54
170
46
2,042
2,403
105
63
156
46
2,258
2,627
73
79
157
43
2,895
2,848
58
2,906
2,926
68
2,994
84,739
2,847
72
2,918
85,552
1,512
54
256
37
2
1,534
57
261
46
*
1,861
1,900
86,601
87,452
Sept. p
5^rope:
Belgium-Luxembourg..........
Italy....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom.............
Yugoslavia.................
Other Eastern Europe.........
Canada.....................
Latin America:
Argentina.................
Chil-....................
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..............
European regional...........
Latin American regional......
Asian regional.............
African regional............
Total international and regional .
Grand total.................
1/
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
3,441
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
3,441
272
1,094
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
27,136
441
656
342
191
188
6
709
154
164
108
963
656
87
36
4,702
441
656
342
191
188
6
715
154
164
108
963
655
87
37
4,708
631
540
605
137
210
6
831
167
225
140
39
258
39
258
312
89
63
150
14,295
196
306
126
595
16,429
312
89
63
150
14,294
201
304
126
595
16,432
3,432
1,0 7 8
24
35
12
11
115
768
939
114
87
808
1,056
68
15
83
43
1,500
1,709
916
42
957
53,661
3,027
51
3,077
59,275
3,131
59
3,190
67,047
2,979
52
3,031
73,613
2,980
68
3,047
76,853
2,831
69
2,900
79,059
1,332
8
298
129
5
1,772
1,327
8
298
129
5
1,767
951
10
307
142
4
1,413
1,627
7
272
50
*
1,038
35
226
33
1
1,250
77
222
33
12
1,955
840
15
217
36
*
1,109
1,333
1,593
1,328
64
248
35
3
1,679
55,404
55,428
60,689
69,002
74,722
78,186
80,652
83,592
474
597
24
9
78
12
474
597
916
42
957
53,632
24
9
78
12
21
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
81,913
column are comparable to those shewn for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000.
p Preliminary.
3,247
Treasury Bulletin
100
___________________________ C A P I T A L M O V E M E N T S ___________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of September 30, 1974
Preliminary
(Position in millions of dollars)
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..........
Total Europe.................
Canada.......................
Latin America;
Argentina...................
Chile.......................
Colombia....................
Cuba.......................
Panama......................
Peru....... ................
Uruguay.... .................
Other Latin American Republics f...
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:
Ldteraational................
European regional.............
Latin American regional........
Asian regional.............. .'
African regional..............
Total international and regional..
Grand total...................
Total
short
term
liabilities
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
Total
U.S.
Treasury
Deposits 1/ bills and
certif
icates
Total
246
941
31
120
1,039
236
52
238
212
469
11
22
62
4,433
6
4,860
5
2,746
3
15
15,747
2,218
7
77
31
6
98
90
41
61
60
57
42
112
16
607
4
686
4
31
1
3
2,034
474
3,754
588
1,834
236
213
3,430
9,228
252
3,070
2,383
964
390
260
1,078
7,388
96
7,918
147
3,091
40
146
42,752
3,084
93
427
622
158
478
440
262
357
238
274
1,557
90
1,119
82
340
37
130
7,209
260
180
633
121
1,964
8,370
42
2,354
1,731
233
23
*
742
1,398
1,939
60
5
1
19,796
606
1,105
1,241
873
266
293
7
1,643
511
182
120
3,217
1,216
123
539
11,335
641
1,149
727
155
119
1
485
210
111
27
2,785
621
42
316
7,390
177
506
493
139
98
1
283
42
94
26
1,645
295
33
31
3,862
237
2
3
5
8
6
10
36
1
2
309
227
642
231
16
16
*
194
163
17
1
1,130
290
8
284
3,219
464
86
145
111
174
6
1,156
298
71
93
432
594
81
222
40
822
621
158
943
217
10,118
304
748
362
4,743
19,076
33
648
369
126
921
197
9,976
292
663
341
4,396
17,962
23
431
106
45
85
106
1,007
156
456
59
863
3,337
116
11
23
687
3
5,743
25
*
146
1,450
8,204
73
79
157
43
2,895
3,247
70
77
147
28
2,813
3,136
66
77
88
27
538
795
3
47
1
2,262
2,847
72
2,918
85,552
2,818
56
2,873
77,197
1,534
57
261
46
*
1,900
87,452
595
1,924
268
219
3,561
9,337
293
3,138
2,498
1,023
435
377
1,096
8,061
100
8,709
151
3,249
40
149
45,222
161
260
Other 1/
84
U.S.
Treasury
Deposits 3/ bills and Other 1/
certif
icates
6
42
28
6
91
84
1
1
*
4
*
*
3
17
*
*
*
*
99
*
16
*
-
*
33
2
*
3
5
*
2
6
*
9
13
2
278
*
Short-term
liabilities
payable
in
foreign
currencies
1
13
1
*
33
18
*
7
55
1
2
6
3
65
*
104
127
_
*
40
56
36
56
33
98
13
230
4
249
4
27
1
3
1,110
391
144
10
780
73"
436
196
3,933
457
83
141
110
172
5
949
231
70
89
425
554
61
79
3,427
1
*
*
*
*
1
6
3
*
*
1
*
5
10
27
6
3
4
1
1
_
201
64
1
3
5
40
14
133
478
*
5
*
*
*
_
1
2
*
*
*
1
1
12
10
100
252
59
149
88
3,226
111
207
136
2,083
6,421
7
174
252
19
22
21
120
12
84
21
341
1,071
6
172
209
12
22
20
83
12
78
20
282
915
3
*
■*
*
•*
*
*
4
1
2
39
7
*
1
37
*
6
*
58
153
*
*
1
13
*
21
_
*
_
7
42
3
1
7
15
82
108
3
1
7
14
78
*
_
*
*
*
*
*
*
4
4
*
3
*
*
2,313
1
1
12
1
13
27
316
41
358
15,820
1,983
1
1,985
33,213
518
13
531
28,164
25
14
39
7,659
33
5,980
185
3
3
6
1,495
1,534
57
261
46
*
117
5
50
23
*
1,900
79,097
196
16,016
46
25
4
75
33,288
1,371
52
186
20
1,629
*
*
*
*
*
*
*
*
*
*
-
-
-
29,793
7,659
5,980
185
1,495
696
104
22
11
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities
* Less than $500,000.
421
*
4
*
*
3
4
2
____6_
696
November 1974
101
.CAPITAL M O V E M E N T S .
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Calendar year
Cyprus...........
”Other Eastern Europe”
Bulgaria... ............
Czechoslovakia..........
Estonia................
German Democratic Republic.
Hungary................
Poland.................
Rumania................
"Other Latin America”
Bermuda . 1/ ......................
British Honduras....................
British West Indies.................
French West Indies and French Guiana....
"Other Asia”
Afghanistan........................
Bahrain...........................
Bangladesh 2/......................
Burma............................
Cambodia..........................
Iran.*.............................
Iraq.............................
Jordan............................
Kuwait............................
Laos..............................
Lebanon...........................
Malaysia......... .................
Nepal............................ .
Oman (Muscat and Oman).............. .
Pakistan......................... .
Qatar............................
Ryukyu Islands (including Okinawa) %/....
Saudi Arabia...................... ,
Singapore........................
Sri Lanka (Ceylon).................
Syria............................
United Arab Emirates (Trucial States) £/.
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.................
"Other Countries"
New Zealand...........................
U.S. Trust Territory of the Pacific Islands...
Apr.
1974
3
9
17
3
4
9
12
22
3
5
19
8
62
4
8
10
11
53
10
3
4
14
2
2
5
20
6
5
10
2
6
5
36
2
16
2
29
8
16
18
2
7
12
33
17
6
19
n.a.
n.a.
8
36
16
55
62
123
57
78
li7
6
18
42
19
50
17
10
87
92
114
121
76
132
8
27
58
41
61
22
20
65
75
104
109
86
127
8
25
64
32
79
26
17
68
86
118
92
90
156
6
21
56
39
99
29
17
102
88
137
90
129
245
5
28
71
52
119
40
21
124
4
36
2
127
5
100
3
244
4
109
3
201
3
n.a.
7
25
24
72
2
3
93
10
4
39
2
55
54
11
5
59
19
23
20
17
3
114
26
4
36
3
55
59
10
3
93
22
24
9
12
2
124
101
6
28
3
62
58
16
10
105
2
y
11
11
12
n.a.
4
243
n.a.
6
n.a.
n.a.
68
40
21
16
108
n.a.
2/
303
164
13
40
32
98
1
1971
1972
11
9
38
5
4
10
10
41
3
6
2
11
16
5
6
7
9
2
A
3
16
8
5
2
2
3
23
10
68
52
78
76
69
84
3
17
29
17
63
13
8
69
41
99
79
75
100
2
16
34
19
59
16
10
”Other Latin American Republics11
Bolivia..................
Costa Rica................
Dominican Republic.........
Ecuador.................
El Salvador...............
Guatemala..................
Guyana......... -........
Haiti....................
Honduras.................
Jamaica..................
Nicaragua.................
Paraguay.................
Trinidad and Tobago.........
Dec.
1973
1970
"Other Western Europe”
Iceland...........
Ireland. Republic of.
Malta.............
Monaco............
Apr.
1973
1969
¥
30
y
32
y
33
2
2
1
16
22
2/
2
1
35
26
17
46
3
83
30
17
6
35
4
25
106
17
3
4
4
94
2V>
32
2/
4
2
42
11
14
54
5
54
22
19
1
'38
6
18
106
57
4
7
5
179
4
19
21
46
23
16
4
33
1
29
79
35
4
4
5 k/
159
3
1/
344
77
5
4
13
135
1
1/
236
53
6
39
8
98
1
14
20
1
10
4
43
23
288
6
11
9
2
3
10
6
5
20
17
19
*
8
3
38
22
195
7
17
8
1
1
9
7
8
10
23
11
1
8
2
9
23
274
6
46
13
2
1
6
9
3
13
32
57
1
10
6
23
30
393
6
85
31
2
3
11
10
7
28
51
75
4
28
4
19
31
312
6
140
10
1
3
16
11
19
37
111
79
1
20
10
23
42
331
8
78
15
2
3
12
7
6
22
110
118
n.a.
22
13
20
29
n.a.
9
n.a.
20
1
2
12
17
11
n.a.
16
9
25
9
23
13
30
12
34
14
39
11
33
n.a.
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 December 1972.
$5
59
10
2
20
3
2/
2/
U
n.a.
334
141
13
5
25
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.
Not available.
Less than $500,000.
Treasuiy Bulletin
102
________________________CAPITAL MOVEMENTS________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by Type
(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 2/..................
1968.....................
1969.....................
1970.....................
1971.....................
1972 2/..................
Banks
Other
foreigners
_
Payable in
foreign
currencies
10
2
1
7
2
7
69
310
513
1,494
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
\^2,560
3,166
2,490
1,703
902
f 1,000
^1,018
1,858
1,863
2,389
1,600
913
437
417
417
7.06
1,807
1,807
2,341
1,505
695
144
93
93
310
15
15
8
55
165
237
238
238
35
40
40
40
53
56
87
87
689
698
777
889
789
446
562
580
1
1
20
21
21
296
100
761
-
720
718
717
706
675
612
603
693
511
464
319
118
75
279
285
287
296
275
267
257
263
285
285
299
316
316
123
122
117
100
90
86
87
89
74
73
75
77
73
758
735
753
761
821
888
951
1,025
1,005
974
984
1,005
920
24
20
655
679
318
312
313
310
310
259
259
294
296
321
1,467
1973-Sept.................
Oct..................
Nov..................
Dec..................
1974-Jan..................
Feb..................
Mar..................
Apr.................
May..................
June.................
Official
institutions
International
and regional
1,502
1,473
1,469
1,467
1,496
1,500
1,558
1,671
1,660
1,653
1,677
1,516
1,384
646
1/ Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
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
n.a.
n.a.
Jd.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
_
-
_
_
_
_
4
_
-
_
_
—
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
n.a. Not available,
p Preliminary.
November 1974
103
_______________________ 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
1974
Country
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.,T,fl,,,,,,,,..........
America:
Argentina.................
Bahamas 2/................
Brazil....................
Chi>....................
Qaloribia ,,............. .
(Juba.....................
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...............
Otter wvstivtes:
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.................
1972 1/
May
June
Aug. p
1973
Apr.
5
15
*
_
1
165
*
1
*
*
*
1
*
9
*
66
*
213
*
9
*
_
2
165
*
*
*
*
M
1
M
2
*
56
*
206
_
-
*
9
M
_
1
165
M
1
M
M
M
1
M
2
*
56
*
206
_
-
2
9
*
_
1
171
*
1
*
*
*
1
*
12
*
56
*
206
_
*
»"3
1971
Sept. p
-
*
9
*
_
2
165
*
1
M
M
M
1
*
5
M
56
*
208
_
*
261
1
*
12
*
_
1
165
2
1
*
M
M
1
M
5
M
63
M
10
_
261
1
475
8
448
9
441
8
463
8~
459
11
277
12
1
53
1
2
1
_
28
2
M
M
28
19
M
1
136
1
53
1
2
1
_
28
2
*
M
28
19
M
1
136
2
55
2
6
1
_
44
2
*
M
9
4
4
3
132
2
60
6
1
1
28
2
M
M
27
3
*
3
133
2
57
6
1
*
_
25
23
M
M
27
3
*
3
147
2
57
6
1
M
24
23
*
*
26
3
M
3
146
1
60
6
1
*
24
18
*
*
25
3
*
3
142
2
60
6
1
*
_
25
18
*
*
23
3
*
3
142
2
60
6
1
*
7
18
*
■*
23
3
*
3
123
*
6
3
6
3
*
37
90
_
*
*
1
*
5
1
5
3
*
17
33
_
*
*
1
M
5
1
5
3
*
17
33
_
1
M
1
M
1
5
1
2
*
71
82
_
M
1
1
*
1
2
*
2
M
45
52
_
*
*
1
*
1
2
M
4
M
44
54
*
1
1
M
1
2
M
4
*
69
79
_
*
1
1
M
1
2
*
4
1
69
79
*
1
1
*
1
1
•*
4
*
69
78
_
*
1
1
*
1
1
*
2
*
44
51
*
_
*
M
M
M
*
*
M
*
M
M
M
M
M
*
M
M
*
*
*
*
*
*
*
1
1
*
*
*
*
1
1
*
*
*
*
*
*
*
*
*
*
*
*
8
_
*
6
164
*
1
*
M
*
1
*
2
*
52
*
11
_
246
4
*
12
*
_
1
165
2
1
Mr
M
M
1
M
5
*
63
*
10
_
-
2
39
1
1
1
*
31
1
*
*
31
4
*
*
111
_
34
*
m
2
9
*
14
170
*
1
*
*
*
*
*
12
*
60
*
8
_
2
9
*
_
14
170
*
1
*
*
*
*
*
12
*
60
*
8
_
*
277
12
_
_
_
_
_
_
_
1
1
1
1
1
1
1
1
1
1
1
1
1
1
4
*
7
*
7
*
7
M
3
*
3
*
3
*
4
457
7
439
7
439
7
706
3
646
3
655
3
*
*
*
678
693
511
464
351
480
496
551
781
758
743
769
7%
_
723
90
120
1,005
1,516
90
107
920
_
_
_
57
38
52
30
53
31
446
902
562
1,000
580
1,018
1/ Data in the two columns shown for this date difter 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.
_
_
98
112
761
2/
*
p
_
_
124
120
-
123
124
107
124
1,024
1,671
1,005
1,660
974
1,653
_
99
117
984
1,677
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
1
_
1,384
Treasury Bulletin
104
_____________________ 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
Total
short
term
claims
End of
calendar
year
or month
TQtal
Total
Official
insti
tutions
Banks
2,052
930
242
386
2,542
2,344
1,268
401
1959........
2,599
2,407
1,309
351
1960........
3,594
3,135
1,297
f 4,719
<4,777
4,177
4,234
1962........
5,101
1963........
5,887
IQI /
^7,411
^7,957
1/
Payable in foreign currencies
Collec
tions
out
standing
for
account of
Other
reporting
for
eigners banks and
domestic
customers
Accept
ances
made for
account
of for
eigners
Other
short
term
claims
61
99
Total
132
15
656
198
181
16
582
192
178
15
1,233
460
222
238
1,837
1,874
543
543
342
343
200
200
1,967
495
309
423
439
428
421
498
460
516
290
524
482
605
1,646
1,660
329
329
699
709
618
622
694
700
4,606
1,953
359
953
642
686
5,344
1,915
186
955
774
8^2
2,214
384
543
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
f 7,632
\l,135
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
T7,819
^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
11967
r\£.rt 11/......
/
f 8,583
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
1968........
.
8,711
( 9 ,518
^9,680
10,802
fl3,110
3,165
3,281
3,278
3,051
4,503
3,969 2/
5,674
5,671
7,717
247
262
262
119
223
231
163
163
271
1,697
1,946
1,943
1,720
2,613 '
2,080 2/
2,975
2,970
4,589
1,221
1,073
1,073
1,212
1,667
1,658
2,535
2,538
2,857
1,733
1,954
2,015
2,389
2,475
2,475
3,269
3,276
4,306
160
216
252
271
303
303
3,918
3,988
4,084
4,589
4,429
4,992
5,813
6,152
6,384
7,758“
6,860
7,809
6,751
2,129
2,775
2,732
2,857
2,678
2,652
2,844
3,079
3,213
3,354
3,586
3,371
3,371
2,199
1958........
1961 1/
t 8,606
/15,471
115,676
8,261
9,063
9,165
10,192
12,328
12,377
14,625
14,830
1973........
20,721
20,059
1973-Sept....
Oct.....
Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar. „«... .
Apr.......
May.....
June...
18,727
19,300
19,590
20,721
21,083
22,970
25,656
26,564
29,736
32,234
33,513
35,029
33,889
17,950
18,440
18,799
20,059
20,281
22,126
24,807
25,707
28,852
31,277
1970........
1971 1/ 2/...
July....
Aug..p....
Sept. p...
113,272
32,510
34,224
32,971
6,807
6,979
7,068
1,111
7,410
7,947
9,078
9,578
9,960
11,498
10,921
11,628
10,645
421
346
363
386
475
kk$
523
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.
2J 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
Foreign
government
obligations
and
commercial
and
finance
paper
147
303
1957........
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
Other
short
term
claims
186
343
157
42
342
336
182
187
77
102
474
492
325
329
54
68
95
96
443
464
420
420
240
241
70
70
110
110
498
467
425
425
287
287
74
70
63
67
2,854
3,169
3,202
3,985
4,243
4,254
3,204
3,226
4,155
450
509
658
516
670
516
766
610
1,107
842
1,679 2/ 895
2,478
846
2,657
846
662
3,881
336
352
352
352
549
548
441
441
428
40
84
89
92
119
173
223
223
119
73
79
74
166
174
174
182
182
115
4,070
4,099
4,287
4,306
4,386
4,426
4,641
4,805
5,080
5,106
3,718
3,774
3,788
4,155
4,107
4,554
5,125
5,810
6,598
7,577
3,355
3,588
3,655
3,881
143
187
131
119
162
121
160
°>9
5,151
5,293
5,243
9,162
9,449
9,520
7,276
1,853
7,563
459
510
512
428
467
594
545
589
611
687
626
461
175
163
148
115
173
129
144
169
160
141
170
164
233
4,377
5,199
5,962
5,515
7,214
7,097
111
861
790
662
802
844
849
857
884
957
1*003
805
918
468
1*3
130
207
180
217
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,
105
November 1974
____________________ 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
1974
Country
1972 1/
1971 1/
May
1973
July
June
Aug. p
Sept. p
72
17
160
51
146
637
342
59
354
Europe:
Belgium-Luxembourg..........
Finland...................
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...............
Canada.......................
Latin America:
Argentina.................
Bahamas 2/,.................
Brazil....................
Chil-....................
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.................
11
11
57
49
135
267
235
30
159
105
67
57
49
135
263
235
30
160
105
67
12
12
70
118
145
3
563
19
70
118
145
3
559
19
12
12
28
37
28
37
8
120
8
120
11
148
32
155
59
48
108
621
311
35
316
133
72
23
68
59
118
330
118
321
321
29
255
108
69
19
207
156
125
29
255
108
69
19
207
164
125
330
222
322
153
176
95
417
6
10
8
10
1,456
41
49
3,067
1,914
2,179
25
55
38
95
5,574
2,362
2,363
10
644
1,944
672
1,887
1,477
187
519
13
1,720
379
476
649
52
379
519
649
52
380
380
418
25
46
61
3,985
1,9 6 0
498
875
418
151
397
13
13
12
1,202
1,202
1,370
175
485
13
1,655
266
406
178
55
517
490
13
265
38
558
625
27
191
8,342
40
606
672
41
298
8,798
18
318
167
25
105
135
9,744
23
357
208
18
115
158
10,838
638
620
263
393
662
12,467
421
713
13,773
244
145
40
383
244
145
40
383
388
14
36
4,437
388
14
36
4,480
1
1
1
109
70
194
93
14
87
105
4,158
149
191
194
93
14
87
105
4,152
296
149
191
140
5,863
31
140
16
88
'
166
!
41
129
4,280
348
136
138
164
252
5,548
173
252
5,560
300
300
403
181
273
394
5,589
5,584
8,2 3 8
10
10
21
21
4
156
4
156
21
21
99
291
96
288
4
143
13
124
304
4
143
13
118
299
158
28
186
13,167
158
28
186
291
40
330
15,468
291
40
330
243
43
286
15,674
20,720
3
15,471
15,676
20,721
296
1
147
41
129
4,279
348
13,269
3
13,272
26
47
84
6,376
2,195
1,3 1 6
1
3
13,170
20
900
109
21
91
32
404
117
663
22
20
305
262
435
139
68
21
212
96
33
997
305
262
429
139
3,494
202
6
2,114
1,627
13
934
125
176
41
268
374
18
26
49
572
22
20
1,530
13
936
125
176
41
268
374
18
25
3,490
422
849
41
49
2,911
1,897
2,122
127
624
441
48
512
104
231
65
134
731
6,400
35
5
129
61
158
62
4
206
72
223
567
388
357
66
|
1
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
1
423
29,735
r
29,736
386
281
302
18
267
45
150
703
372
61
437
165
103
30
392
119
386
26
2,260
26
19
35
105
5,720
2,340
685
1,558
1,507
224
595
12
1,770
393
353
59
644
208
49
151
760
379
66
441
112
136
24
382
139
354
19
2,513
25
22
30
106
5,985
2,108
703
2,085
1,521
231
679
13
1,833
395
28
18
21
119
5,136
2,(521
695
2,471
1,534
250
665
14
1,711
50
641
696
56
344
9,667
47
627
712
64
249
9,852
28
22
406
200
20
446
271
34
9
465
243
17
686
38
234
8,758
117
205
12,397
641
295
427
820
15,556
120
205
12,812
706
348
429
16,073
97
681
68
83
10
238
400
64
464
33,513
122
210
12,378
733
340
438
671
15,625
14
213
93
286
675
383
71
453
32,234
2,112
404
408
5
91
273
637
113
26
253
159
377
15
421
66
202
130
97
275
702
415
77
492
35,028
10
243
94
311
755
422
76
498
33,886
1
1
1
2
32,234
33,513
35,029
33,889
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
Treasury Bulletin
106
f !APTTAI. M O V B M R N T S
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, 1974
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Country
Total
short
term
claims
Foreign
banks and
Total official
insti
tutions
Total
Collections
outstanding
for account
of report
Other ing banks
and domestic
customers
Short-term claims payable
in ioreign currencies
Accept
ances
made for
account
of
foreign
ers
Europe:
Belgium-Luxembourg..........
France...................
Germany..................
Italy....................
Netherlands...............
Norway...................
Portugal..................
Spain....................
Sweden...................
Switzerland...............
Turkey...................
United Kingdom.............
17
160
51
146
637
342
59
354
14
134
45
145
617
247
57
342
130
111
113
26
253
159
377
15
2,112
28
Other Western Europe........
Other Eastern Europe........
18
21
119
109
25
244
152
340
14
2,005
28
16
7
99
25
81
168
122
37
215
44
58
9
167
135
6
1
63
17
65
36
7
16
35
132
103
29
188
27
46
5
16
8
1
1
11
2
1
36
5
31
3
23
32
26
22
12
2
51
34
5
82
4
71
4
12
1
1
*
375
72
24
27
18
*
19
58
15
4
5
59
49
16
58
36
19
13
50
20
8
Other
1
Deposits of
reporting
banks and
Total domestic
customers
with
foreigners
3
25
5
1
20
3
13
5
1
Foreign
government
obligations
and commer
cial and
finance
paper
-
-
-
3
*
12
10
19
4
18
4
_
1
1
1
1
9
9
6
6
37
32
95
3
-
2
2
1
10
2
3
*
11
9
1
2
*
4
2
4
93
13
93
*
*
9
598
15
4
21
6
115
2
77
5
-
*
*
*
*
*
3
236
143
113
185
7
521
13
*
12
18
92
3
*
4
3
65
*
1,253
4
*
8
Other
1
1
107
*
46
*
2
_
*
-
2
*
*
*
*
5
*
61
*
*
*
*
Total Europe...............
5,136
4,782
2,128
1,765
363
508
285
1,861
354
264
3
87
Canada.....................
2 ,0 2 1
1,626
607
202
405
58
98
864
394
119
213
62
695
2,471
1,534
250
665
14
1,711
404
693
2,434
1,534
250
665
14
1,690
404
290
542
816
59
469
146
491
660
52
344
144
51
156
7
124
*
86
9
260
23
40
275
4
391
166
143
_
86
25
408
408
Venezuela.................
Other Latin American Republics.
Netherlands Antilles & Surinam.
Other Latin America.........
47
627
712
64
249
*
*
*
*
*
*
15
*
*
*
5
*
*
*
*
_
_
_
*
_
_
_
_
-
Total Latin America.........
Latin America:
Chile....................
1
1
751
118
235
47
613
711
64
249
1,429
295
295
14
435
287
49
64
*9,852
9,774
9
465
243
17
Asia:
China, People*s Republic of
(China Mainland)..........
China, Republic of (Taiwan)....
Hong Kong.................
India....................
Indonesia.................
Israel...................
Japan....................
Korea....................
Philippines...............
Thailand...... ...........
Other Asia................
12,378
733
340
438
671
Total Asia................
Africa:
Egypt....................
Zaire....................
122
210
11
111
678
177
60
3
323
88
23
54
20
23
44
23
212
1
21
5,046
3,121
1,924
852
2,489
8
6
141
71
4
6
111
21
2
*
29
49
1
464
239
17
42
34
*
261
52
*
16
41
5,773
508
93
283
114
122
86
208
12,33T
' 733
339
437
126
1,378
132
155
26
19
124
1 ,132
132
12
80
23
25
4
93
163
1
67
2
246
10
10
8
22
34
3,099
81
61
55
175
497
3,590
*
1
*
2
1
1
*
*
*
95
61
21
1
2
13
1
6
*
*
14
2
35
1
*
*
_
6
*
*
*
9
*
*
*
31
49
3
141
2,387
78
23
*
55
*
1
1
1
1
1
1
*
_
_
*
1
1
40
*
_
_
_
-
*
*
6
20
82
3
11
19
2,087
1
4
1
*
*
2
*
_
*
44
43
95
1
1
5
7,141
2,416
55
48
1
71
*
*
*
3
57
1
1
1
105
25
*
*
1
6
51
3
4
9
*
*
_
_
-
*
19
_
*
148
236
16
26
7
-
19
5
3
*
666
142
57
281
15,625
15,570
2,423
1,926
97
97
10
8
243
94
311
218
94
311
25
4
54
81
165
25
3
19
57
93
35
24
72
1
86
755
728
328
196
132
422
11
2
38
67
38
*
*
*
5
123
94
45
247
9
48
42
1 ,8 7 8
8
11
2
*
1
1
Other countries:
96
15
57
5
10
59
28
250
76
413
75
39
All other.................
21
8
11
8
1
1
*
*
Total other countries.......
498
488
111
62
49
87
271
19
10
6
*
4
32,969 10,643
7,272
3,371
5,243
9,520
7,563
918
468
217
233
2
2
1
_
_
_
_
_
_
_
32,971 10,645
7,274
3,371
5,243
9,520
7,563
918
468
217
233
33,886
International and regional.....
2
33,889
*
Less than $500,000.
2
107
November 1974
______________________ CAPITAL MOVEMENTS—
_________________ -
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
1,174
1 ,3 6 2
1,545
1,698
2,034
2,160
1963-May l/.............
1963 1/................
1964 1/................
1970...................
1972 1/................
1973-Sept..............
Oct...............
Nov...............
Dec...............
1974-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug. p.............
Sept.p.............
Loans
Total
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,379
f 2,293
\ 2,379
J 2,837
I 3,030
J 3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
f 4,954
^ 5,029
5,880
5,408
5,591
5,786
5,880
5,821
5,872
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
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
4,2 1 1
793
702
669
528
502
504
575
833
703
716
4,914
4,990
5,808
3,915
3,635
3,158
2,806
2,698
3,345
4,539
4,555
5,330
1,129
6,661
6,707
7,000
5,339
5,511
5,709
5,808
5,742
5,794
5,973
6,585
6,639
6,934
4,885
5,037
5,248
5,330
5,273
5,272
5,433
6,019
6,090
6,389
1,041
1,127
1,129
1,115
1,171
1,245
1,542
1,539
1,599
7,027
7,002
6,927
6,959
6,934
6,857
6,415
6,395
6,314
6 ,0 4 8
1/ Data on the two lines shewn 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.
836
1 ,010
1,4 6 8
1,434
1,392
Banks
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
574
509
540
557
574
563
584
640
734
755
775
891
895
834
n.a. Not available,
p Preliminary,
* Less than $500,000.
Other
foreigners
Other
long-term
claims
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1 ,3 2 8
33
33
54
217
195
288
297
247
274
394
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
3,289
3,627
3,365
3,456
3,563
3,627
3,595
3,517
3,549
3,744
3,796
4,015
4,055
4,066
4,088
426
352
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a*
n.a.
n.a.
*
*
2
2
*
1
9
18
15
16
18
25
300
22
375
435
478
40
40
72
454
474
70
80
78
72
79
79
75
76
67
461
478
469
522
540
566
549
545
545
539
542
66
67
68
71
Treasury Bulletin
108
____________________ 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)
1974
Calendar year
Country
1970
Europe:
Canada.....................
Latin America:
Colombia...................
Other Latin American Republics..
Netherlands Antilles and Surinam
Asia:
China, People’s Republic of
India.....................
Africa:
1972 1/
1971
1973
1
13
2
19
88
35
39
4
8
24
14
83
35
3
■*
71
25
6
12
482
1
22
2
11
127
102
45
33
4
13
18
93
49
8
8
130
35
6
*
16
723
*
18
11
16
146
100
44
49
11
19
28
102
48
5
9
145
48
6
43
849
*■
18
11
16
146
100
44
49
11
19
28
106
40
5
9
145
48
6
43
845
312
228
406
135
7
251
82
59
367
44
68
19
155
122
8
8
1,325
123
4
331
91
80
*
372
35
36
23
224
129
4
7
1,458
150
19
577
174
108
*
383
57
71
10
264
167
7
10
1,996
*
19
2
44
6
15
115
98
234
32
99
663
22
7
81
10
35
246
79
160
22
165
829
*
3
20
6
98
127
142
22
Apr.
May
June
July
Aug.p
Sept. p
23
11
49
31
3
22
29
20
172
89
87
60
20
47
8
113
28
3
39
140
72
5
129
154
1,240
18
13
43
23
371
89
169
95
22
47
6
114
36
6
48
191
96
6
168
179
1,^41
18
13
42
29
314
86
170
95
20
49
6
115
38
6
76
214
94
7
170
187
1,749
18
13
42
31
347
94
193
95
28
54
6
143
32
10
76
216
105
8
169
201
1,882
19
15
48
31
230
112
198
99
31
54
9
113
24
8
77
243
134
7
170
205
1,826
117
203
104
31
56
9
116
25
8
77
285
103
6
174
198
1,812
23
13
46
32
183
110
176
102
35
60
8
120
24
13
65
265
105
14
172
209
1,776
406
490
478
467
496
498
503
543
153
19
582
174
108
*
385
57
71
10
270
167
7
10
2,012
137
18
657
136
87
1
450
62
62
6
296
134
6
37
2,089
142
34
750
137
88
*
578
58
83
2
275
168
8
16
2,340
146
32
767
137
86
146
20
811
120
80
149
29
824
117
81
152
19
821
123
77
154
20
810
134
77
614
58
101
2
293
201
39
16
2,402
584
57
97
3
307
181
39
16
2,462
49
4
73
23
147
319
79
163
17
326
1,200
49
4
73
23
149
353
96
162
17
326
1,253
62
90
15
54
29
212
247
103
160
18
539
1,529
52
110
16
46
39
246
246
113
158
15
534
1,574
53
116
18
45
42
258
233
115
158
14
517
1,569
49
126
43
45
49
274
236
112
167
15
530
1,647
5
50
17
113
184
*
3
70
35
148
257
*
3
70
36
158
267
16
2
88
31
215
352
16
1
84
35
218
355
16
1
83
36
212
348
222
18
240
227
16
243
5,025
4
154
23
177
5,876
142
27
169
6,656
5
142
25
167
6,702
5
5,029
5,880
6 ,6 6 1
6,707
_
578
51
84
2
292
176
35
18
_
2,524
47
149
36
44
56
268
261
110
166
16
508
1 88
_
646
633
61
106
2
279
199
14
13
2,511
110
1
231
207
8
13
2,463
64
1,662
42
154
42
43
67
274
269
94
159
17
506
1,668
1,644
15
1
55
36
.236
344
18
1
57
36
248
360
15
*
62
12
239
359
15
*
69
35
246
366
140
25
166
6,996
5~
125
26
151
120
25
145
6,997
103
27
131
6,922
5
37
159
43
47
73
267
247
103
147
18
505
Other countries:
International and regional.....
164
3,074
1
3,663
5
227
16
243
4,950
4
3,075
3,667
4,954
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.
4
7,022
5—
5
7,027
7,002
7,000
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000.
p Preliminary,
6,927
109
November 1974
f !APTTAT, M O V F . M R 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 September 30, 1974
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe:
Austria.........................
Belgium-Luxembourg.................
Denmark.........................
Total .
long-term
claims
Total
Loans
Other
Long-term
claims
payable in
foreign
currencies
23
13
46
32
183
110
176
102
35
60
8
120
24
13
65
265
105
14
172
209
23
13
46
32
183
105
176
101
29
60
8
120
24
13
65
265
103
14
172
209
23
12
46
32
161
103
167
91
27
59
8
115
24
7
64
2Q9
103
14
172
205
1
1
*
22
2
9
10
2
*
*
5
*
5
1
56
1
*
*
4
6
*
5
*
*
2
-
1,776
1,762
1,644
119
13
543
498
428
70
45
154
20
810
134
77
633
64
110
1
231
207
8
13
151
20
809
134
77
630
64
110
1
230
207
8
13
119
20
770
59
70
605
61
106
1
216
197
4
13
34
*
39
75
6
25
3
4
*
15
10
4
1
1
1
*
2
1
-
Total Latin America................
2,463
2,457
2,242
215
6
Asia:
China, People’s Republic of (China
Mainland).......................
China, Republic of (Taiwan).........
Hong Kong........................
India............................
Indonesia........................
Israel...... ............. ......
Japan...........................
Korea...........................
Philippines......................
Thailand.........................
Other Asia.......................
37
159
43
47
73
267
247
103
147
18
505
37
159
43
47
73
267
247
103
147
18
505
37
136
43
47
68
264
212
92
131
15
487
*
22
1
*
4
3
35
11
16
3
18
-
Total Asia.......................
France..........................
Germany..........................
Greece..........................
Italy...........................
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.........................
Brazil..........................
Chile...........................
Colombia........................
Cuba................... ........
Mexico..........................
Panama..........................
Peru........ ...... ............ .
Uruguay.........................
Venezuela.................. .....
Other Latin American Republics........
Netherlands Antilles and Surinam.
Other Latin America..........
_
1,644
1,644
1,532
112
-
Africa:
Egypt...........................
Morocco..........................
South Africa......................
Zaire...........................
Other Africa......................
15
*
69
35
246
15
*
63
35
246
15
*
59
34
232
*
3
2
15
7
-
Total Africa.....................
366
360
340
20
7
103
27
103
27
98
27
5
*
-
Other countries:
Australia........................
All other........................
Total other countries..............
131
131
126
5
-
Total foreign countries..............
6,922
6,852
6,311
541
71
International and regional............
5
5
3
1
-
6,314
542
71
Grand total........................
*
Less than $500,000.
6,927
6,857
Treasury Bulletin
110
_________________________________ 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
Long-term
liabilities
Payable in
foreign
currencies
1957................
566
491
428
62
75
1958................
499
440
368
71
60
664
581
512
69
33
1960 2/.............
r
574
|
596
485
507
424
437
6 1j)
70
89
1961-Mar. _2/.........
f
<
674
691
583
600
510
525
73
76 J
91
June 2/.........
<
C
756
778
673
684
563
572
111
113 J>
83
94
833
678
569
109
155
C 778
1959................
Dec.............
1962-June 2/.........
Dec. 2/.........
\
817
626
665
527
551
99 ^
114 J
151
f
798
805
637
644
508
513
129
130 J
161
775
626
479
148
148
763
725
622
585
471
441
151J
'I
144
140
807
700
556
144
107
f 136
{
1963................
1964-June 2/.........
f
\
Dec.............
1965 2/.............
f
I
1966................
1967 2/.............
1968................
1969 2/.............
1970................
1971 2/.............
1972 2/.............
943 "I
958 j
810
600
210
262
329
^ 147
1,419
1,089
827
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
( 4,428
1,786
2,124
2,677
1,399
1,654
387
471
2,181
£96
1,725
2,304
3,102
5,730
( 5.863
< 5,901
j 6,659
7,224r
7,300r
7,849r
8,221r
2,704
2,763
3,119
3,536r
3,442r
1973-June............
3,760r
Sept............
4,219r
Dec.............
4,695
8,619
1974-Mar.............
9,047
June p..........
5,374
Note;
Breaks in series arising from changes in reporting coverage which
amomt to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for most recent five
quarter ends for which figures are available.
Data are also shown
2,229
475
3.159
2,301
3,138
463
2,635
484
3,540
3,024r
3,688
512r
27864r
578r
3,857r
3,041r
720r
4,089r
3,437r
782
4,003r
900
3,795
3,924
4,351
1,024
3,673
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 1974
111
_______________________________ 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 of period in millions of dollars)
Calendar year
{
1973
1974
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.....................
8
46
2
2
126
139
4
77
128
5
13
24
34
159
4
882
4
11
2
2
1.671
221
Argentina...............
11
Bahamas 2/......... .......
162
Brazil....................
19
Chile.....................
11
Colombia..................
6
Cuba.....................
*
Mexico....................
22
Panama....................
5
Peru.....................
4
Uruguay...................
4
Venezuela.................
18
Other Latin American Republics..
37
Netherlands Antilles & Surinam..
23
Other Latin America.........
6
Total Latin America.........
329
Asia:
China, People's Republic of
(China Mainland)...........
1
China, Republic of (Taiwan)...
9
Hong Kong.................
9
India.....................
38
Indonesia.................
9
Israel....................
24
Japan.....................
144
Korea.....................
1
Philippines................
7
Thailand..................
4
Other Asia.................
49
Total Asia.................
296
Africa:
Egypt.....................
1
Morocco...................
3
South Africa...............
34
Zaire.....................
2
Other Africa...............
38
Total Africa...............
78
Other countries:
Australia.................
75
All other.................
7
Total other countries........
82
Total foreign countries........ 1 2,677
International and regional
i
*
; 2,677
1971 1/
1972 1/
June
Sept.
Dec.
2
83
7
4
167
164
15
121
109
14
4
81
13
105
4
l,107r
7
2
*
3
2,012r
215
2
81
19
4
l66r
I88r
24
103
113
13
4
72
25
81
3
78lr
17
3
6
16
l,722r
2
129
18
7
165
200
33
108
115
10
12
79
32
142
11
858r
22
3
6
18
l,969r
3
131
9
7
'168
236
40
116
134
9
13
77
48
103
18
940r
28
3
6
25
2,115r
250
236
255
320
294 .
24
364
42
13
8
*
35r
17
10
2
24
58
7
20
625r
38
419
64
20
9
*
44r
13
15
2
50
67
6
22
769r
49
206
78
6
18
*
67
14
17
3
69
66
5
37
635
52
278
125
9
22
*
69
19
11
2
60
91
6
59
803
Mar.
5
221
17
8
161
238
21
136
123
9
24
68
43
94
26
1,129
31
3
5
21
2,384
June p.
12
387
18
9
“BBT
214
28
146
114
9
17
56
52
114
28
1,205
36
6
9
22
2,687^
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*
4
1,611
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
*
3
1.830
181
209
18
275
21
14
7
*
22
5
7
2
16
33
3
5
429
18
289
22
14
7
*
22
5
7
2
16
32
3
5
442
19
323
35
18
8
1
27
8
5
6
17
35
10
7
519
29
391
35
18
7
1
26r
18
4
7
21
45
10
4
6l5r
24
434
47
13
7
*
36r
18
6
3
23
47
11
19
688r
1
18
12
27
10
10
177
13
7
3
142
420
1
18
11
26
10
10
173
13
5
3
141
412
32
28
12
7
12
12
149
20
15
5
117
£L0
32
26
12
7
16
19
224
21
16
5
152
530
31
37
13
7
15
14
290
18
20
6
141r
593r
36
33
18
7
15
11
348r
20
17
6
I83r
694r
42
34
41
14
14
25
294r
37
17
6
239r
763r
20
53
24
14
13
31
374
38
9
7
363
947
39
74
19
13
22
39
374
44
19
7
527
1,177
1
1
31
1
34
68
1
1
31
1
34
67
25
3
7
1
56
92
32
3
8
1
59
104
20
7
6
12
60
105
11
13
6
19
84
134
25
15
14
19
113
187
48
25
22
21
109
224
36
17
24
15
141
233
46
9
55
2,704
42
8
50
47
13
60
3,119
45
14
59
72
11
94
9
103
3,760r
118
12
130
4,219r
134
22
156
4,666
94
24
117
5,311
...2.2
4,695
62..
5,374
5
66
2
2
142
117
4
108
/•0
5
16
66
17
104
2
817
3
2
*
4
1.551
181
2,763
•*
*
*
2,704
2,763
3,119
1/ Data in two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
3,535r
*
3,536r
2/
*
p
83
3,442r
*
3,442r
*
3,760r
*
4,219r
Through December 31, 1972, Bermuda included with Bahamas,
Less then $500,000.
Preliminary.
r Revised,
Treasury Bulletin
112
_________________________________CAPITAL M OVEM ENTS______________________________
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, 1974
Preliminary
(Position in millions of dollars)
Total
short-term
liabilities
Country
Payable in
dollars
Payable in
foreign
currencies
Europe:
294
27
5
9
20
1,909
243
*
127
1
*
28
125
3
30
32
*
1
4
2
51
3
359
9
1
*
2
778
50
52
278
125
9
22
*
69
19
11
2
60
91
6
59
803
38
234
124
9
21
*
67
11
10
1
53
85
6
58
717
14
44
1
*
1
*
2
8
1
*
7
6
*
1
86
39
74
19
13
22
39
374
44
19
7
527
1,177
39
73
16
12
22
38
339
44
17
5
517
1,122
1
3
1
*
1
35
1
2
1
9
55
!
36
17
24
15
141
233
36
17
22
14
136
224
*
*
2
1
6
8
j
1
j
94
24
117
49
23
72
45
1
46
5,311
4,287
1,024
63
63
-
5,374
4,351
1,024
i
|
Sweden....................
Switzerland................
Turkey....................
.
l
,
Other Eastern Europe.........
Latin America:
Argentina..................
Bahamas...................
Brazil.................... i
Chile.....................
Colombia,.................. I
Cuba......................
Mexico................. .
Panama....................
Peru.....................
Uruguay...................
Venezuela..................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America..........
12
387
18
9
204
214
28
146
114
9
17
56
52
114
28
1,205
36
6
9
22
2,687
11
260
18
9
176
89
25
116
82
9
16
53
50
63
25
846
Asia:
China, People's Republic oft
India.....................
|
1
Africa:
1
,
Other countries:
Total other countries........
International and regional......
*
Less than $500,000.
November 1974
113
________________________________ CAPITAL MOVEMENTS_________________________________
Section HI - 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
1973
1974
Country
1971 1/
1970
Eurone:
Austria...................
Belgium-Luxembourg..........
Denmark...................
Finland...................
France....................
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Spain.....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom........ .....
Yugoslavia.................
Other Western Europe.........
U.S.S.R...................
Other Eastern Europe.........
Total Europe...............
Canada..................... |
Latin America:
Bahamas ? / ........ ....... .
Chile....................
Mexico....................
Panama....................
1
490
1
1
1
_
3
5
1
*
2
7
6
9
525
1
466
1
1
1
_
3
4
*
*
2
9
5
9
501 '
1
323
3
1
1
3
4
*
*
2
9
5
5
357
4
4
*
*
2
8
5
4
319
*
*
1
1
*
6
482
•*
*
1
1
*
8
570
*
6
*
2
587
*
1
1
1
*
8
622
*
6
*
2
*
1
1
1
*
1
1
1
*
9
513
*
*
1
1
1
1
4
2,747
2,670
2,652
_
2,560
67
72
73
3
188
2
1
*
1
285
1
1
V1
1
280
1
1
*
_
1
14
*
*
2
3
10
•*
314
6
21
*
21
3,102
_
*
64
1
340
_
5
39
*
1
*
1
47
*
*
*
_
5
39
*
1
*
1
47
*
*
1
*
6
481
*
5
*
1
495
*
*
•*
_
7
*
*
*
_
7
*
•*
*
_
6
7
7
6
5
*
1
497
*
*
*
_
6
90
*
*
*
*
2
a
'
8
501
*
6
*
2
521
146
_
7
322
*
7
*
2
534
*
2
338
2
*
6
*
1
9
2
*
5
*
1
154
*
1
6
3
8
9
121
*
135
*1
126
*
121
135!
127
155
4,003^
3,924
3,673
-
45
*
74
*
74
*
45
45
74
75
99
3,159
3,13S
3,540
3,688
3.857r
_
_
_
3,102
3,13S
3,159
Grand total.................
3,540
l/ Data in the two columns shewn for this date differ because of changes
2/
in reporting coverage. Figures in the first column are comparable in
*
coverage to those shown for the preceding date; figures in the second
p
column are comparable to those shown for the following date.
r
2,724r
1
184
32
*
19
399
1
*
*
7
1
99
*
45
*
*
*
CM
*
6
1
287
3
1
1
1
411
1
1
*
_
2
5
1
*
1
5
5
9
442
866
*
*
_
109
1
343
1
1
*
1
11
1
1
2
4
18
1
385
890
*
*
-
*
l(r
115
1
250
1
1
-4_
1
11
3
3
2
4
5
3
455
1
*
5
42
112
91
4
5
3
453
_
*
2,745
86
4
78
348
20
152
236
*
*
3
-*
475
*
949
*
*
*
*
2,783
64
81
553
19
201
I64
*
■*
*
*
*
_
5
30
240
1
*
4
28
525
*
1,164
*
*
2,701r
92
72
558
19
201
I64
*
*
201r
42
*
40
389
8
148
272
2
*
2
5
535
*
1,055
*
*
£
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
2
180
39
*
23
397
6
158
253
2
*
5
26
535
*
1,159
*
*
*
2,636
111
614
*
161
140
*
7
5
5
424
*
1,037
*
5
*
*
2
3
10
*
319
*
179r
36
*
28
387
8
156
253
2
*
4
5
544
*
1,12Or
, *
*
_
*
254
43
*
14
Mar.
2/&40
*
261
41
*
14
1
5
2
2
1
-K
219
June p
Dec.
*
227
42
*
49
377
22
147
263
2
*
3
5
569
*
*
261
41
:
Sept.
2
218
38
*
52
358
20
158
247
*
*•
3
5
558
*
981
*
*
1
174
14
-
June
1972 1/
4,089r
!
,
2
*
6'
1
_ ,
_
*
4,089r
3,924
3,S57r
4,003^
3.688
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
Revised.
8
3,673
Treasury Bulletin
114
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
1In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
1/
Payable in foreign currencies
Total claims
Total
Payable in
dollars
195 7
777
637
195 8
720
Long-term
claims
Deposits with banks Other short-term
abroad in reporter's claims payable in
own name
foreign currencies
78
63
170
568
88
63
223
32
304
1959....
705
605
68
1960 2/.
1,432
1,505
824
875
58
71
549
560
344
354
1961-Mar. 2/..
1,248
1,305
939
968
76
89
233
248
385
396
June 2/..
1,496
1,528
1,181
1,208
122
126
193
194
399
406
192 '
192
453
Sept. 2/.
2,099
2,117
1,646
1,664
1,323
1,340
131
132
Dec....
2,138
1,636
1,335
150
151
502
1962-June 2/..
1,807
1,974
1,475
1.598
178
208
153
168
636
Dec. 2/..
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
200
816
2,282
1,877
222
183
f 766
I 882
June 2/..
704
Dec. 2/..
,854
,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
1964-June 2/..
,297
,245
2,482
2,430
2,000
1,952
220
219
262 ^
260 1
815
Dec. 2/..
,738
,934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
2,628
1965 2/.....
196 6
2,225
167
236
1,256
2,946
3,011
2,529
2.599
201
203
216
209
1,537
1,570
3,783
3,173
368
243
1,790
3,710
4.159
3,124
3,532
221
244
365
383
2,215
2,363
4.160
5,185
5,004
3,579
4,535
4,467
234
318
290
348
333
247
2,950
3,118
3,118
5,723
6,366r
5,074
5,688r
411
396
238
282
3,370
3,472r
7,424r
6,555r
503
366r
3,674r
1973-June.
7,800r
6,840r
535
425r
3,844**
Sept.
8,558r
7,624r
489
445
3,915r
Dec..
9,642
412
554
4,045
3,884
1967 2/.....
196 8
5,572
1969,2/.....
197 0
7,110
1971 2/.....
1972 2/.....
1974-Mar..
,094
•,839r
10,608
10,323
11,289
June p.
Note- Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such ^
cases, only the figure comparable to that for the following date is
shown*
.
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
4,037
530
436
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.
115
November 1974
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1973
1974
Country
1970
1971 1/
1972 1/
June
Sept.
Dec.
Mar.
June p
Europe:
Italy.....................
Sweden....................
Turkey....................
Canada.... „.................
Latin America:
Chile.....................
Other Latin American Republics..
NB'tnerlands Antilles and Surinam
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
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
23
19
2,309
19
73
29
25
231
195
35
202
84
16
19
157
57
82
48
1,224
12
12
23
19
2,561
17
109
20
21
325
278
40
201
96
19
25
140
49
90
14
1,495
18
9
73
20
3,059
15
112
21
31
283
265
52
201
119
21
24
169
53
65
17
1,544
21
12
48
25
3,099
17
106
46
44
310
284
51
237
118
18
49
244
71
101
34
1,559
49
15
77
27 ...
3,457
16
152
37
42
412
337
87
327
111
22
112
414
74
90
41
1,846
30
19
57
22
4,248
17
139
27
80
537
345
76
402
133
36
101
432
106
75
46
1,871
41
23
69
28
4,582
769
909
781
899
965
1,305
1 ,3a
1,251
1,532 f
1,580
61
188
120
48
37
1
156
18
36
6
67
99
9
29
874
55
366
150
47
46
1
151
21
34
5
81
101
9
2L
1,090
54
366
148
46
45
1
151
21
34
5
81
99
9
24
1,084
59
520
175
33
41
1
180
19
40
4
89
91
12
23
1,289
79
662
172
34
39
1
181
85
36
4
92
95
13
34
1,527
60
766
183
29
36
1
203
83
34
5
101
103
11
90
1,705
65
746
208
34
43
1
185
102
37
5
104
127
9
105
1,771
75
633
230
42
40
1
235
120
49
5
143
134
12
21A
1,932
94
765
409 1
78
44
1
260
178
67
6
143
172
12
158
2, 386
94
1,007
523
64
51
1
262
187
61
5
173
172
16
138
2,754
*
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
1LL
830
*
67
24
33
33
31
456
63
49
15
201
972
*
65
33
34
48
31
468r
67r
59
23
206
1, 035r
11
77
40
29
47
27
494r
46
64
24
207
l,066r
48
77
44r
32
52
?8
633r
55r
70
28
207
l,274r
11
120
47
37
54
38
821r ,
105
73
28
238
l,571r
8 .
134
65
36
51
38
1,142
109
87
53
260
2,034
3
119
68
38
67
37
977
124
86
54
'iO'i
1,896
9
3
30
3
47
92
9
3
41
6
97
156
9
2
41
6
97
155
7
3
53
5
73
140
16
4
52
8
90
170
23
3
51
15
9A
187
28
5
60
19
90
202
18
3
62
18
124
225
80
15
94
83
19
102
80
17
98
94
20
114
83
23
107
75
26
101
90
22
111
97
25
123
4,-159
5,182
5,000
5,723
6,365r
7,423r
7,800r
8,558r
_
Asia:
China, People's Republic of
China, Republic of (Taiwan)...
India.....................
Africa:
'
15
2
69
20
160
266
17
4
85
17
199
321
110
31
142 '
117
39
157
Other countries:
Total foreign countries........
International and regional.....
1
4
4
1
4,160
5,185
5,004
5,723
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 whose shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
10,607
11,288
1
1
10,608
Through December 31, 1972, Bermuda included with Bahamas
Less than $500,000.
Preliminary,
Revised.
11,289
1
6,366r
2/
*
p
r
1
7,424r
*
7 /800 r
*
8,55&r
Treasuiy Bulletin
116
______________________________ 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, 1974
Preliminary
(Position in millions of dollars)
Payable in foreign currencies
Total
short-term
claims
Country
Payable in
dollars
Deposits with banks abroad
in reporter*s own name
Other short-term claims
payable in foreign currencie
Europe:
United Kingdom..............
Yugoslavia.................
Other Western Europe.........
*
7
*
*
12
7
1
10
2
1
*
3
*
7
1
97
*
*
*
*
2
4
2
*
17
27
2
8
19
1
1
3
3
2
*
17
139
27
80
537
345
76
402
133
36
101
432
106
75
46
1,871
41
23
69
28
4,582
15
128
24
80
508
312
73
383
112
34
100
425
102
67
44
1,732
41
22
69
27
4,298
148
*
*
*
1
135
1,580
1,279
42
259
94
1,007
523
64
51
1
262
187
61
5
173
172
16
138
1
8
21
*
*
1
*
5
3
*
4
5
*
*
2,754
77
999
501
64
50
*
260
179
56
4
165
162
15
137
2,669
49
16
1
1
*
1
*
2
3
2
1
4
5
*
1
35
3
119
68
38
67
37
977
124
86
54
323
1,896
3
114
60
31
66
35
796
122
77
53
294
1,652
*
1
1
6
*
*
147
*
1
*
12
170
4
6
1
*
2
34
2
7
1
18
73
4
85
17
199
321
13
4
71
15
185
287
3
*
2
2
8
15
1
*
12
*
6
117
39
157
99
37
137
11
1
12
7
1
8
11,288
10,322
436
530
42
Latin America:
Other Latin American Republics..
Netherlands Antilles and Surinam
j
Asia:
China, People's Republic of
(China Mainland)....... ---I
Africa:
19
Other countries:
international and regional.....
|
x Less than $500,000.
1
1
11,289
10,323
_
436
530
November 1974
U7
..CAPITAL M O VE M EN TS.
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
Payable in dollars
Deposits
Total
short-term
liquid
claims
Short-term
investments 1/
Total
Demand
Time
Total
Payable in foreign currencies
Deposits
Short-term
investments 1/
Demand
Time
r 917
V 844
973
691
625
805
19
19
58
557
549
699
114
57
48
227
219
168
45
45
40
90
86
69
92
88
59
rl,078
VI, 163
1,638
f 1,318
V.1,491
1,141
f1,648
V.1,507
rl,965
V2,373
901
985
1,306
1,068
1,222
847
1,295
1,205
1,615
1,966
66
66
28
702
786
1,192
177
178
332
250
269
294
354
302
350
408
50
51
49
77
77
222
49
49
60
76
86
121
120
68
42
68
1973................
3,184
2,640
2,6.03
133
133
87
116
161
150
203
127
169
55
37
1973-Aug............
Sept...........
Oct............
Nov............
Dec............
1974-Jan............
Feb............
Mar............
Apr............
May............
June...........
July...........
Aug............
3,422
3,285
2,991
3,239
3,184
2,858
3,260
3,701
3,588r
3,684r
3,642r
3,741r
3,443
2,724
2,649
2,393
2,666
2,640
2,642
2,571
2,328
2,602
2,603
2,284
2,624
3,027
2,981r
3,051r
3,030r
3,193r
2,887
1966................
1968................
1970... '............
inno o/
951
1,062
697
1,092
1,078
1,446
1,910
2,343
2,688
3,126
3,040r
3,126r
3,092r
3,266r
2,936
82
78
66
64
37
59
65
99
60
76r
62r
74
49
. L
_
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/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
544
174
183
173
234
234
307
340
4;1
6^8
636
598
573
544
515
572
575
547r
557r
549r
474r
507
4C?0
476
451
437
431
365
368
358
339r
331r
369r
341r
3|3
113
209
161
148
136
113
149
203
218
209
227r
I81r
133r
144
...
from the date on which the obligation was incurred by the foreigner.
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 th<=* second
line are comparable to those shown for the following date,
r Revised.
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.............
1970
1971 1/
197Z.
1972 1/
1973
Apr.
May
June
July
17
16
6
10
7
8
l,419r
12
19
10
9
9
6
l,442r
1,426
Aug.
6
16
7
6
10
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
34
25
13
17
2
21
912
51
18
10
16
7~
6
1,128
8
l,486r
436
587
443
485
535
775
, 922r
980r
927r
828r
836
144
259
259
459
562
597
600r
754r
8l4r
935r
635
137
299
289
285
282
305
310
208
151
137
165
184
Japan..................
58
77
77
132
All other countries 2/.....
54
61
61
100
Total..................
1,141
1,648
1,507
1,965
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
114
35
16
7
9
i
23
17
7
10
8 "
8
1,442
7
J.588r
3,684r
3,642r
3,741r
3,184
3,443
i
—
... . ■
coverage to those shown Tor 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.
2,373*
Treasury Bulletin
118
_____________________________ CAPITAL M nVRM RK Tfi
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, 1974
________ ____________ _________________ (Position in millions of dollars) __________________________
Payable in foreign currencies
Payable in dollars
Country
Total
short-term
liquid
claims
Total
Deposits
Short-term
investments 1/
Belgium-Luxembourg..........
France....................
Germany...................
Italy.....................
Netherlands................
Switzerland................
United Kingdom.............
6
16
7
6
10
7
1,426
5
5
_
4
1
*
4
1
*
-
8
2
1,370
8
2
1,365
-
Canada....................
Total
Deposits
Short-term
investments 1/
_
5
2
12
6
6
2
6
56
2
12
6
6
2
6
56
-
628
43
165
33
132
-
-
-
_
_
336
671
Bahamas...................
635
631
631
-
4
4
-
Japan..................... ;
310
125
125
-
184
176
8
All other countries Z/.......
184
119
118
2
65
61
4
Total.....................
3,443
2,936
2,887
49
507
363
144
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 nonbanking concerns in the United States and are included
in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
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 any country not listed above.
* Less than $500,000.
119
November 1974
.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)
Calendar year
1973
1974
Country
1971 1/
1970
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.
Total Europe.......
Canada..............
Latin America:
Argentina.................
Bahamas 2/.................
Brazil....................
Chil*....................
Colombia,..................
Cuua.....................
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:
Morocco....
South Africa.
Zaire.....
Other Africa.
Total Africa.
Qfther countries:
Australia....
All other....
Total other countries....
Total foreign countries....
International and regional.
Grand total............
June
1972 1/
5
832
2
4
7
6
22
7
53
54
343
25
13
70
34
28
15
163
16
11
*
7
878
7
7
7
6
26
7
43
55
366
28
16
65
34
29
27
187
16
12
*
7
761
767
833
85lx
66
4
174
216
34
9
60
29
28
4
30
225
*
7
66
4
174
217
34
9
60
29
28
4
30
225
*
59
8
184
236
30
9
60
36
16
4
30
223
*
7
71
25
187
238
32
9
64
35
16
4
30
241r
¥
2r
861
886
887
902
955
29
2
13
17
46
140
81
42
16
47
33
2
15
21
49
141
79
48
17
62
33
2
15
21
41
136
85
48
17
62
39
1
17
28
74
156
85
63
16
83
40
1
18
32
75
134
68r
63
16
83r
1
52
1
17
31
86
13Or
69
58
17
82r
432
468
461
562
530r
4
4
1
6
¥
75
4
1
6
*
75
4
*
9
1
72
5
*
2
1
7A
86
86
87
82
104
78
5
_83_
77
5
100
5
105
3,366
102
5
5
6
3
14
16
57
88
312
22
19
86
51
10
3
146
4
11
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
1
4
7
3
19
20
67
40
333
28
15
86
43
6
2
128
13
12
854
5
832
669
71
3
183
261
38
9
60
29
30
2
23
143
2
*
64
59
5
-64.
2,950
4
2,950
3,370
3,118
l/ 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.
944
7
7
4
6
53
9
39
73
379
34
15
59
29
49
27
174
14
6
i
7
992
Sept.
Dec.
Mar.
June p
8
10
4
6
52
13
39
74
381
35
15
58
27
52
25
211
14
5
15
7
1,052
8
10
2
6
45
14
37
70
340
30
13
55
25
53
26
285
16
5
20
11
1,070
8
10
2
3
53
13
25
67
345
33
12
54
25
27
26
370
15
6
24
12
1,129
7
14
1
5
54
12
24
64
337
25
11
52
22
40
25
362
16
6
*
12
1,089
875r
894r
949r
988
1,008
56
129
146
252
19
10
65
42
18
15
30
247r
*
2r
65
130
147
249
20
9
73
44
18
10
38
241r
*
2r
53
131
145
253
12r
9
79r
45
18
18
39
239
1
3
l,045r
50
100
194
250
13
9
81
45
16
19
64
229
1
2
1,071
46
29
184
249
12
9
137
59
15
19
67
226
1
1
1,055
20
55
1
17
31
84
140r
75r
70
18
lOGr
10
57
2
16
30
92
128r
75r
83
18
88
56
4
16
25
91
123
78
89
17
92
53
6
15
26
115
122
84
81
17
95
543r
6l0r
598r
591
614
4
*
18
1
80
4
*
19
1
79
104
4
*
22
2
83
112
4
1
22
4
88
4
1
24
5
89
123
1,029
1,047
119
116
121
120
16
17r
21
138r
133
. 107142
3,84Qr
3,912r
4,041
3»469r
4
5
4
4
3,844*
4,045
3,472r
2/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary,
r Revised.
115
12
127
3,670r
4
3,674r
121
22
_ 143
4,032
5
4,037
120
Treasury Bulletin
P A P T T A T . M O V F .M F .N T fi
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 m-nlions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Corporate and other securities
Marketable Treasury bonds and notes
Net foreign purchases
Calendar year
or month
1958...........
1959...........
1960...........
1961...........
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974-Jan.-Sept. p..
Foreign countries
Total
Official Other
foreign
insti
tutions ers
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
305
-812
-237
524
-98
-20
-207
369
1973-Sept.......
Oct........
Nov........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May........
June.......
40
29
-691
-486
-432
-45
157
-234
-28
-101
July.......
Aug. p.....
Sept. p.....
23
-37
-115
Inter
national
and
regional
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,738
2,237
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
2,433
3,049
-39
435
252
223
60
207
-173
-375
678
1,070
4,234
2,688
1,582
1,435
4,068
4,733
1,425
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,881
1,948
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,780
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,832
953
5,717
132
260
149
117
59
422
264
288
427
161
120
313
183
91
231
840
603
491
467
107
522
455
261
97
350
298
212
86
256
-23
263
13
188
216
51
251
-6
269
180
-2
-11
-138
-19
89
-144
139
200
66
242
-5
190
176
226
439
466
462
36
95
56
30
51
59
123
-119
-22
5
-34
8
15
-722
-506
-472
-37
12
27
36
19
19
-39
-10
20
-50
-3
14
-11
27
20
-13
-5
1
20
31
166
-82
29
-97
9
47
-82
-
-73
-60
Stocks
Gross
foreign
sales
-59
-20
-245
48
-380
-115
-*41
1,661
3,281
465
-821
-
Bonds 1/
Gross
foreign
purchases
273
165
224
532
-521
302
-315
-151
-427
-121
-161
11
-25
130
57
-165
42
-172
-7
-
Net
foreign
purchases
Net
of
corporate foreign
and other purchases
securities
1/ Data include transactions in issues of states and municipalities, and
of corporations and other agencies of the U.S. Government.
p
Gross
Net
Gross
Gross
foreign
foreign foreign
foreign
purchases purchases
purchases sales
741
459
777
485
327
653
541
820
914
Gross
foreign
sales
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,785
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
12,762
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
4,763
472
5,819
5,348
228
449
604
481
652
603
638
286
261
410
546
629
737
214
96
394
-4
174
157
49
16
-15
8
-1
79
4
948
1,369
1,482
873
976
743
896
575
576
521
507
579
446
734
1,272
1,088
878
802
586
846
559
591
513
508
500
443
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)
Calendar year
or month
1958...............
1959...............
1960...............
1961...............
1962...............
1963...............
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974-Jan-Sept. p.....
1973-Sept...........
Oct............
Nov............
Dec............
1974-Jan............
Feb............
Mar......... .
Apr....... \...
May...... .....
June...........
July...........
Aug. p..........
Sept. p.........
p
Preliminary.
Foreign bonds
Foreign stocks
Net foreign
purchases
of foreign
securities
Net foreign
purchases
Gross foreign
purchases
Gross foreign
sales
Net foreign
purchases
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
-818
-1,313
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
-1,505
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
770
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
2,932
2,467
2,275
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
192
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,567
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1,375
-25
-240
-236
-50
-34
-238
-213
-65
-292
-45
-295
-219
-64
-197
-158
-157
-76
67
97
104
144
71
100
102
103
89
74
94
59
77
101
336
317
209
364
145
398
323
154
272
251
216
153
10
-2
-22
15
2
-1
-16
34
-2
90
12
29
44
115
129
156
159
209
206
167
189
173
207
128
146
143
105
131
178
144
207
206
183
155
174
117
116
117
99
-291
-46
-311
-185
-66
-108
-146
-128
-32
Gross foreign
purchases
Gross foreign
sales
November 1974
121
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
1974
Country
1972
1971
Europe:
*■
-1
-
*
-*
*
*
*
*
x
1
*
1
1
*
<
*
*
4
26
-149
55
-1
-68
*
*
79
-15
4
*
*
67
5
*
150
-11
95
*
*
242
3
377
24
*
-
*
•X
*
Netherlands................
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada.....................
Latin America:
Chil-.....................
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.................
Indonesia...........................................................
Japan.....................
V
_
_
*
*
_
_
*
-1
•*
-
*
-20
-
*
1,662
-
Philippines................
Total Asia.................
Africa:
Egypt.....................
South Africa...............
Total Africa...............
Other countries:
All other.................
Total other countries........
Total foreign countries........
International and regionalinternational ...............
Latin American regional......................
Asian regional..............................................
1973
*
*
1,642
X
_
*
*
*
_
_
_
_
*
*
1974
through
Sept. p
4
1
*
-3
5
*
-1
2
*
*
*
15
*
*
40
5
*
Apr.
May
*
-1
*
*
-
*
*
-2
*
v
-
2
*
*•
-1
-5
*
*
68
124
1
1
-4
*
*
*
*
*
*
*
*
-
_
*
_
_
-
_
*
_
_
-
_
*
_
_
-
,
*
_
_
3
2
*
1
7
*
*
*
*
12
2
_
_
_
_
*
_
_
*
_
_
_
_
_
_
2
14
-
2
_
_
_
_
*
*
-
_
-
_
_
*
*
*
_
_
*
*
-
-
-
_
_
_
_
_
_
*2,663
_
*
_
*
2,664
171
2
-
_
-1
173
*
-1,054
*
-
_
-172
_
_
_
*
-32
_
*
_
Sept. p
2
5
*
*
1
*
•*
2
3
14
2
—
*
*
1
*
-1
*
“
*
-1
13
5
*
17
-95
1
-4
-4
*
*
2
*
-10
1
*
20
5
-50
-
*
*
_
-
*
_
_
-
*
*
*
*
_
_
*
*
*
*
*
_
_
_
_
10
2
-
_
_
-
*
*
-
-1
-1
_
*
_
_
_
*
*
_
*
_
_
_
*
*
*
_
-32
*
_
_
_
_
_
_
*
_
125
125
25
25
-5
-7
*
<
-
_
_
-
-
*
-
-
-
1,542
25
25
3,258
470
-855
-152
124
6
60
-3
-185
20
22
20
-76
-6
*
*
-
_
_
_
-
*
-
-
-
*
-
-
-
*
-5
-6
-
_
_
-
_
-
-
-
-
-
-
-
-
_
i-57
-3
14
32
-3
-116
19
-
-
-
130
57
-165
42
-82
29
-97
1,672
3,316
305
-812
-234
-28
-101
_
_
'
-6 1
15
-
50
-4
-33
-79
-3
-
9
23
-8 4
-
I
47
CM
to
1
Total international and regional
Through December 31, 1972, Bermuda included with Bahamas,
Preliminary.
Less than $500,000.
_
_
_
_
_
Grand total...........................................................
1/
p
*
11
-
-172
-35
-35
-
V
Aug. p
*
-1
-
_
_
_
_
July
-1,054
_
_
_
_
*
-
21
19
_
_
_
_
*■
-
v
2
-29
-28
-
-2
_
_
_
_
-
June
-37
-116
Treasuiy Bulletin
122
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
1974
Country
1971
*
6
*
1
2
3
*
*
1
*
*
1
6
60
*
6
*
1
2
3
*
*
1
*
*
1
85
45
323
71
1973
Apr.
May
June
*
7
*
1
2
3
*
*
1
5
*
1
235
34
*
7
*
1
1
9
*
*
1
5
*
1
260
33
*
7
*
1
*
9
*
*
2
5
*
1
260
35
327
10^ 1
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.
Total Europe......
Canada.............
LaUp ftnerica:
Argentina................
Bahamas l/...............
Brazil..................
Chi!!*...................
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.
Q-flier (revurtries:
Australia.
All other....
Total other countries.......
Total foreign countries.......
1972
460
71
71
1
5
480
181
5
547
558
5
789
___ 582
'
*
4
-
*
4
*
*
*
4
*
*
*
*
4
*
* .
*
*
4
*
*
*
■*
*
*
*
*
*
*
*
*
1
2
*
*
1
2
*
4
3
2
1
*
*
—
4
3
2
1
7
7
14
14
4
3
4
1
16
*
1
260
34
432
427
430
443
71
71
71
71
76
76
5
854
848
5
826
5
822
849
849
5
836
851
5
852
756
5
857
706
17
4
3
15
3
28
*
*
*
1
—
1
—
1
-
1
-
*
1,717
*
*
9
1,727
*
4,380
•*
*
*
9
4,391
*
4,552
2
*
*
8
4,563
*•
3,531
2
*
*
8
3,542
*
8
8
*
133
133
*
157
158
*•
_
*
_
157
157
*
_
*
_
157
157
*
*
25
”
25
5,661
25
25
25
5,440
25
25
5,383
141
44
*
185
5,625
174
41
#
214
Internal,qml
reatamV
1
186
126
International.............
48
28
30
Latin American regional.....
*
*
i
Asian regional.............
i
49
Total international and regional
156
214
6,179
2,558
5,874
Grand total.................
Note: Data represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one
year. Data are based on a benchmark survey as of January 31, 1971 and
the monthly transactions reports.
10
1
1
4
5
*
1
250
34
*
462
•*
25
Sept. p
2
5
*
1
260
34
1
—
6,131
Aug. p
2
5
*
1
260
35
*
2,404
July
*
3,499l
2
*
■*
8
3,510
16
-17-
3,498
2
3,497
2
3,498
2
3,497
2
___ 8_
3,510
8
3,509
8
3,509
8
3,509
157
157
158
158
152
152
152
152
25
25
25
25
25
5,379
25
5,394
25
5,310
25
5,276
57
60
51
75
102
71
23
126
173
5,597
5,520
5,483
Through December 31, 1972, Bermuda included with Bahamas
Less than $500,000.
Preliminary.
91
5,367
November 1974
123
CAPITAL MOVEMENTS
Sections 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
1974
Country
1972
-1
7
2
2
15
35
*
5
-1
13
*
1
6
216
*
327
*
2
1
631
37
6
30
5
1
336
77
-1
48
74
31
*
4
2
135
*
367
-*
188
1
1,303
82
1
21
*
*
*
1
25
*
*
1
-
-
-2
1
*
1
1
*
-3
*
-2
3
*
*
-*
*
-7
*
*
18
1
*•
*
_
-1
*
*
*
1
*
8
16
19
22
44
2
*
*
*
-2
*
3
5
*
1
1
*
9
2
20
*
3
*
•*
*
6
*
-1
*
-11
-2
-
*
4
■y
*
*
313
*
*
6
323
*
8
*
*
-1
580
*
*
*
*
588
-1
3
*
*
1
-245
*
*
*
207
-35
-
*
*
*
*
1973
Europe:
Belgium-Luxembourg..........
Netherlands................
Norway........... .
Portugal..................
Switzerland................
United Kingdom.............
Other Eastern Europe.........
Canada,....................
Latin America:
Brazil....................
Chile*....................
Colombia...................
Cuba.............. .......
Mexico....................
Peru.....................
Uruguay...................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India.....................
Indonesia.................
Israel....................
Japan.....................
Korea.....................
Thailand..................
Other Asia.................
Total Asia................
Africa:
Egypt.....................
Morocco...................
South Africa...............
Zaire.... ....... .. ...........
Other Africa........... .
Total Africa...............
0-ther coiffltyies:
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.................
1974
through
Sept. p
1971
4
11
6
1
201
-33
*
56
-19
46
*
3
28
307
-1
275
317
*
1,204
49
-2
-13
5
*
82
34
*
-10
186
3
1
2
3
82
*
308
-43
*
640
- 27..
-
Apr.
May
June
July
*
14
1
60
3
*
1
*
1
*
*
*
8
23
*
*
111
4
*
-1
1
*
10
*
*
*
*
•*
*
1
28
*
19
*
59
3
*
-2
1
*
5
3
*
-1
116
*
*
*
1
15
*
64
-16
*
-2
1
*
-1
2
*
-2
72
2
1
*
1
2
36
-11
100
1
*
1
*
_
*
*
*
-3
■*
*
*
*
1
*
*
-1
_
*
_
1
2
*
*
*
*
2
*
*
*
*
*
*
_
*
1
_
-1
5
*
*
1
*
4
-
-
-1
*
*
-
*
1
*
*
*
-1
*
2
3
-
-
*
*
_
*
_
_
_
_
_
-
185
1
*
*
*
_
_
_
*
*
_
*
*
*
5
*
Aug. p
2
1
*
1
*
*
-1
1
*
*
*
*
-1
29
-12
*
21
2
*
*
*
_
*
_
*
-1
*
1
*
3
5
4
-
-
-
1
-
•*
1
*
■*
*
_
_
6
7
-
*
-4
*
*
*
-3
_
-
*
_
_
*
*
-2
*
*
_
200
199
_
_
Sept. p
*
*
1
*
1
1
-1
-1
*
*
1
2
54
-3
55
%..
*
*
*
-
*
1
-
*
■*
-1
2
*
2
-1
*
*
_
1
-15
_
_
_
■*
-15
_
_
-
_
X
*
_
-
2
2
*
*
*
*
-*
*
*
*
*
*
*
*
*
*
*
10
10
*
*
-
*
-
*
*
*
*
10
*
*
*
10
662
*
■*
*
*
1,733
10
1,896
*
114
69
145
*
52
-
275
86
-
*
16
291
*
-21
*
-21
665
39
*
-
-
39
3
148
703
1,8?1
52
” 7,948”
Note: Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
2/ Through December 31, 1972, Bermuda included with Bahamas.
_
953
_
_
_
*
_
-
187
10
123
226
46
-3
56
-128
-36
_
_
114
86
-3
56
-128
-36
130
200
66
242
-5
190
176
Preliminary.
Less than $500,000.
-
-
16
Treasury Bulletin
124
______________________ 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
1974
1974
through
Sept. p
Country
1971
1972
1973
Europe:
Canada,,.tTT.................
Latin America:
Chil^.....................
Other Latin American Republics..
Netherlands Antilles and Surinam
Apr.
May
-1
-9
*
*
18
7
*
1
29
1
*
*
*
5
-2
-36
*
5
19
-7
June
July
Aug. p
*
*
*
■*
-15
8
*
-3
33
-2
*
1
*
11
*
-18
*
1
16
13
*
9
-2
*
13
5
*
-2
39
-1
-1
1
-1
-9
*
-48
*
*
3
10
*
-12
*
*
19
18
*
1
16
*
*
•*
*
15
9
*
*
1
-5
*
*
-9
17
1
-1
21
*
1
*
-1
-6
*
-21
*
*
*
65
14
-1
*
-11
*
■*
•*
_
1
*
*
*
1
*
7
*
*
-3
*
*
1
-1
*
*
2
*
*
12
*
*
*
*
*
1
-1
*
*
2
1
1
-1
-2
9
4
_
*
-5
¥■
*
*
-11
*
*
*
2
*
*
-3
-14
-10
*
-3
*
*
*
-l
_
*
*
-2
-6
-
Sept. p
3
38
-1
-7
87
131
-1
32
219
2
5
6
-3
168
-2
-49
-1
*
1
627
-93
4
51
6
1
372
-51
10
36
297
-1
23
6
-4
642
2
561
*
3
*
*
13
152
*
*
439
2
18
45
339
11
9
11
*
685
3
366
6
7
*
*
40
-5
*
168
54
2
-5
303
-8
*
-1
-2
118
-3
-91
*
8
*
1,958
-78
2,104
99
578
-22
*
-27
-1
22
17
*
-1
35
*
*
-6
*
-5
*
-14
*
-1
19
-10
-3
46
-1
-1
*
*
-6
5
-1
-1
-4
-7
13
-3
37
-1
5
*
*
-1
5
-3
*
-1
-7
13
-35
-7
-32
*
-17
■*
*
*
*
6
19
-1
1
-2
-3
-35
31
-1
-1
-59
*
*
*
_
8
4
*
2
3
l
-6
7
-40
*
-7
*
*
*
*
4
*
*
1
*
9
-2
2
-1
-7
•*
*
*
1
*
*
*
-1
*
-6
-2
-15
*
-5
*
*
*
_
*
-1
*
*
50
-2
*
*
48
*
2
-2
11
108
*
1
56
-2
•*
4
159
*
4
*
34
256
*
-1
23
*
-1
4
495
-2
1
-1
60
577
*
*
-18
*
*
-2
-54
-1
*
*
14
-61
_
*
-2
*
*
*
2
-1
*
*
3
3
*
-4
*
*
■*
-13
*
*
*
4
-14
_
*
-4
*
*
-16
*
<
*
5
-15
*
*
•*
*
1
*
*
*
-1
*
-1
-1
-1
*
-5
*
2
-4
*
*
*
*
2
2
*
*
*
*
*
*
*
Y*
*
*
*
*
*
*
■*
*
*
*
*
*
*
*
_
*
*
*
*
*
*
*
-2
-*
*
-1
-1
2,102
*
*
*
5
1
6
1
*
*
*
*
-1
*
*
1
*
1
*
1
*
463
-16
6
1
-1
1
80
1
2,776
9
*
*
1
_
-1
_
-1
9
1
1
_
_
1
2
86
8
1
*
9
2
1
-1
-1
2,188
2,785
472
16
-15
8
-1
79
4
*
-1
2
-6
3
-7
Asia:
China, People's Republic of
China, Republic of (Taiwan)...
Africa:
Egypt.....................
-6
*
*
*
*
_
Ot^ier countries:
Total foreign countries........
International and regional:
European regional...........
Asian regional.............
African regional............
Total international and regional
Grand total.................
-2
677
53
1
54
731
85
*
1
*
* *d
\/ Through December 31, 1972, Bermuda included with Bahamas.
Preliminary.
Less than $500,000.
1
15
1
_
4
_
November 1974
125
_____________________ _______________________ CAPITAL M nvB M BW TS.
--------
-------------
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 Bonds 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
1974
Country
1971
1972
1974
through
Sept. p
1973
Europe:
Apr.
May
•*
1
*
1
*
1
*
5
-2
*
*
*
-41
1
-12
*
_
-47
-158
*
*
_
*
*
*
1
1
1
*
-1
*
-2
*
-16
*
_
-15
126
*
-8
*
*
*
1
-3
9
1
*
-15
*
10
11
2
*
4
-1
36
*
-19
-5
*
1
29
7
-12
35
-4
-2
32
18
6
2
9
3
55
*
3
3
*
*
*
5
11
-17
17
4
*
31
1
10
1
3
2
-24
-30
-1
*
*
-8
5
2
-27
3
*
6
-26
2
*
*
-49
-9
*
-81
*
-15
*
32
-395
185
-777
13
-721
-1,102
-22
7
-1
5
2
•*
-12
-5
1
3
12
-2
7
-4
-8
8
-47
1
4
1
*
-84
1
1
1
*
22
-1
3
*
3
-1
-8
3
-60
*
-10
*
*
*
-97
28
-98
-33
2
-19
*
-20
10
3
1
7
1
4
6
-108
_
*
9
2
-6
-209
-6
-24
*
*
2
-232
_
*
13
1
-3
-215
31
-12
-50
*
15
-220
_
*
-4
4
2
-432
66
1
*
3
-360
-12
*
*
*
_
*
*
*
_
-61
-60
-
34
-624
26
6
32
-938
28
8
36
-1,134
10
6
17
-1,536
International..............
European regional...........
Latin American regional......
Asian regional.............
-277
*
16
-50
-124
3
28
*
108
5
28
*
30
2
-1
-
-
Total international and regional
-311
-93
141
-935
-1,031
-993
Italy.....................
Netherlands................
Turkey....................
United Kingdom.............
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada.....................
Latin.America:
Bahamas 1/ ................
Brazil....................
Chil*....................
Colombia,..................
Cuba.....................
Mexico....................
Peru.....................
Uruguay...................
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.....................
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.................
_
3
-58
-55
28
6
_
-90
1
2
2
8
-2
16
*
1/ Through December 31, 1972, Bermuda included with Bahamas,
p
Preliminary.
*
Less than $500,000.
_
*
_
5
6
-199
June
July
-1
1
*
-16
*
*
*
1
*
*
-3
-3
-15
-5
-
*
-2
*
*
-23
1
*
*
*
*
*
*
-1
-2
-6
*
_
-
-41
-120
*
-2
*
*
9
*
*
*
-29
-1
*
*
-4
-5
*
-5
*
-7
*
-33
-101
*
-5
*
*
*
_
2
*
1
*
*
*
*
*
*
-11
*
*
*
_
1
•*
*
*
1
*
*
*
*
-2
*
*
*
6
1
*
*
*
*
2
*
-8
*
-2
-1
*
1
*
1
*
2
*
*
*
1
*
-10
*
-10
-14
-4
-2
_
*
*
*
*
_
_
_
*
-1
18
•*
1
*
1
_
*
*
*
-12
4
*
*
*
*
-19
3
-39
1
*
-28
2
-195
-8
-2 0 4
_
_
_
*
*
-16
_
_
1
_
*
-38
Sept. p
*
-1
*
*
3
*
*
*
1
*
*
*
*
*
-15
*
_
-11
-123
*
-9
*
*
*
_
2
*
•1
*
*
*
*
1
_
Aug. p
_
*
*
*
-27
_
*
*
_
_
-19
2
_
_
_
*
-17
-43
-37
6
...... ..
-12
*
-11
4
*
*
*
-18
_
_
*
_
_
_
_
_
_
_
*
*
_
_
*
_
*
*
2
2
*
*
*
*
1
1
*
*
2
*
*
*
2
1
1
*
*
3
1
-222
3
-69
1
-200
3
-159
1
-159
3
-88
2
1
_
3
*
12
*
_
_
-
*
1
•*
-
1
*
-
-1
*
5
-
-
-
31
3
5
3
1
2
12
-1,505
-219
-197
-158
-157
-76
*
3
3
_
-6 4
Treasury Bulletin
126
_____________________ 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
Country
1971
1972
1973
1974
through
Sept. p
■*
6
■*
-2
-24
8
-*
2
70
*
*
-3
*•
25
*
-75
*
*
*
2
23
*
*
-10
34
*
1
164
-2
1
-4
■*
85
*
26
*
*
320
142
*
16
1
*
-33
-11
*
1
73
*
-1
1
*
-12
*
-188
*
*
-
*
-8
*
*
-58
7
*
1
25
*
*
3
*
-11
*
-215
*
-
-154
152
-256
11
-1
3
-1
*
*
•*
-1
*
*
*
3
*
*
*
*
*
1
4
6
Europe:
Netherlands................
Spain.....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom.............
Yugoslavia.................
Other Eastern Europe.........
Total Europe...............
Canada.....................
Latin America:
Bahamas 1/.................
Brazil....................
Chil-.....................
Cuba......................
Mexico....................
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.................
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.............
Total international and regional
Grand total.................
6
120
1
-9
-4
*
*
-6
1
*
*
*
-2
-18
*
9
-1
-1
*
*
_
-1
6
*
*
-1
18
-1
*
-38
28
*
-1
*
*
-6
-125
*
-2
*
*
*
3
*
*
-26
-52
*
-1
*
*
-134
-76
*
*
-2
*
*
*
*
-1
*
-5
-6
-2
*
-1
-1
-3
-8
-3
*
1
*
-3
406
1
177
*
*
1
1
3
1
-2
*
*
3
-49
409
_
-2
-2
-2
-49
t
f*
l/ Through December 31, 1972, Bermuda included with Bahamas.
Preliminary.
Less than $500,000.
1974
_
2
-5
-1
*
1
*
-8
-2
-12
*
19
*
*
-7
188
*
-2
*
-5
193
-
*
-1
*
*
2
447
-9
*
-1
Apr.
May
June
July
*
*
*
-1
1
■*
*
5
*
*
*
*
6
-13
*
-2
1
2
-6
*
*
*
4
*
*
■*
*
-8
-4
*
-11
*
-1
*
-9
2
*
*
1
*
*
-6
-26
*
-37
-2
*
-2
*
-10
1
*
*
4
*
*
*
*
-2
-20
*
-30
-7
*
2
-6
1
*
*
1
*
*
*
-4
-18
-24
-5
*
-1
*
-4
1
*
1
9
*
*
*
*
-4
*
6
*
-
*
-1
■*
*
*
-2
*
*
*
*
*
•*
*
1
*
*
*
1
*
*
•*
*
-1
*
_
_
_
_
_
_
_
_
_
1
*
*
*
*
*
1
14
16
*
*
*
■*
*
*
*
-5
-8
*
*
*
*
*
-1
-1
-2
1
*
1
*
*
*
_
_
_
*
*
*
-1
*
*
*
*
*
*
-2
-1
*
*
1
-1
1
3
19
-3
*
*
*
33
-6
*
-1
26
*
*
*
-1
132
*
*
*
*
*
50
*
*
*
*
*
*
59
V-
*
131
50
59
39
_
438
-1
19
*
-7
*
-
-9
Aug. p
-
Sept. p
7
*
-
*
-1
_
*
*
_
*
38
*
*
.
_
-
_
_
_
*
*
-2
_
_
_
*
*
*
*
*
*
*
*
*
34
1
1
-2
-1
-1
90
-
_
_
_
_
-2
*
*
*
-
-
-
-
-
176
192
34
-2
90
12
29
44
_
_
_
_
_
_
_
■*
*
-1
_
*
*
-2
-1
*
*
*
■*
*
*
*
12
29
*
*
44
127
November 1974
___________________ 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 1974 Preliminary
(In millions of dollars)
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Marketable
Total
Treasury
purchases bonds and
notes
Corporate and
other
Bonds
Bonds
Stocks
*
4
1
*
7
3
2
1
1
*
*
1
22
258
*
_
299
2
12
*
*
33
35
1
6
37
1
1
3
1
126
*
61
*
3
_
*
Stocks
Gross sales by foreigners
Domestic securities
Total
sales
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Bonds
Stocks
Europe:
Belgium-Luxembourg............
Italy......................
Netherlands.................
Norway.....................
Portugal....................
Spain......................
Switzerland.................
Turkey.....................
United Kingdom...............
Other Western Europe..........
U.S.S.R.....................
Other Eastern Europe......... '.
Total Europe.................
Latin America:
Argentina...................
Bahamas....................
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................
European regional.............
Latin American regional........
Asian regional...............
African regional.............
Total international and regional..
Grand total...................
*
Less than $500,000.
2
21
1
*
51
41
1
9
50
2
1
4
14
160
*
406
*
5
_
*
684
*
16
_
701
1,763
4
*
1
1
1
30
1
*
*
6
8
*
13
*
7
_
*
324
51
72
51
*
*
*
*
_
*
11
_
*
1
4
*
*
5
*
*
*
_
2
2
*
*
1
*
16
16
42
*
2
_
*
_
*
*
*
*
*
*
*
*
7
*
*
*
9
_
*
*
8
25
12
*
_
_
12
1
_
_
_
*•
26
*
•*
■*
*
*
_
_
_
-
5
_
*
-
5
*
*
*
*
-
*
*
289
442
152
99
449
-
1
-
1
-
_
187
3
_
:
_
:
_
:
-
641
1,731
190
298
449
737
IT
745
189
*
*
*
*
6
1
*
*
*
*
2
*
*
*
*
*
1
*
*
*
*
2
1
21
*
5
*
*
*
2
1
*
■*
3
1
17
15
46
9
4
1
9
*
*
*
2
14
*
*
1
1
21
19
68
*
_
_
_
_
_
_
*
_
*
_
_
*
*
_
*
-
_
*
*
_
1
1
*
2
*
3
*
*
*
8
1
*
6
19
*
*
_
_
1
*
_
*
51
*
•*
~
_
_
-
.
_
-
.
*
*
*
1
1
.
_
_
1
1
-
*
*
2
*
75
335
446
*
3
3
63
108
_
563
16
13
*
108
183
579
914
*
*
*
_
_
*
_
10
2
11
2
3
5
1,062
1
17
*
*
42
18
*
6
16
1
*
3
2
132
81
3
_
*
*
5
4
*
20
*
*
29
_
58
50
1
6
*
*
*
9
14
*
1
3
1
36
18
91
.
*
5
*
2
6
*
5
6
2
3
1
*
*
*
*
20
205
4
_
__
245
9
1
28
5
*
58
21
*
10
49
2
*
4
28
172
*
352
*
14
*
767
112
*
4
*
*
3
66
_
1
*
7
81
*
2
*
*
10
1
*
1
1
*
*
2
2
8
_
28
.
2
*
2
2
*
1
10
*
*
■*
8
29
1
55
27
1
*
*
*
*
2
*
10
1
49
_
63
*
1
*
*
*
*
12
*
*
*
6
*
_
322
57
2
446
1
6
*
*
*
7
_
13
77
13
7
*
*
13
40
_
18
1
*
_
_
*
16
_
_
*
*
*
8
82
_
_
_
*
_
_
*
.
5
_
*
*
5
*
*
.
_
_
_
-
5
5
-
__
*
*
*
*
*
__
143
1,090
109
-
638
3
53
_
143
17
_
_
_
-
*
__1__
443
3
3
5
*
*
*
1
*
*
*
*
12
*
24
1
_
48
27
*
1
_
_
*
_
*
*
_
*
*
*
1
2
5
_
1
_
*
13
*
_
*
14
_
1
:
_
_
153
99
128
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,
hy Type and Country, During Calendar Year 1973
(in millions of dollars)
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Eurot>e:
Austria.....................
'Belgium-Luxembourg............
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:
Argentina...................
Brazil......................
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.
Marketable
Total
Treasury
purchases hnr>rts and
notes
Corporate and
other
Bonds
Bonds
Stocks
Gross sales by foreigners
Domestic securities
Total
sales
Stocks
*
59
13
9
45
45
•*
48
19
11
2
6
2
91
_
250
_
1
_
601
*
40
2
*
52
13
1
13
105
1
*
4
*
88
_
131
_
*
*
*
21
636
14
26
1,174
825
10
290
520
29
8
48
44
3,344
4
3,835
*
37
_
*
*
*
14
_
264
_
12
_
*
449
654
10.866
2,940
291
6
38
820
33
11
1,799
787
29
423
914
100
17
66
224
4,289
6
4,355
7
360
I
*
i
*
1
*
1
1
_
*
*
5
_
*
150
3
14,276
3,506
2,543
533
29
233
9,187
1,273
42
7
4
5
*
109
118
5
6
51
22
303
363
260
1,296
*
*
*
3
2
*
*
1
7
1
1
•*
*
10
3
*
*
3
1
31
19
19
88
11
2
1
2
*
51
94
2
4
31
16
228
318
213
972
30
4
2
2
■*
41
13
4
1
11
3
26
10
21
166
*
*
*
*
7
8
*
*
3
*
18
16
7
61
15
40
1
24
■*
123
93
4
4
41
22
396
393
209
1,365
*
2
249
5
2
74
4,063
2
7
1
139
4,543
*
1,627
2
*
1,630
■*
13
*
1
980
*
*
5
999
*
1
190
1
1
18
877
*
3
1
123
1,214
*
10
4
2
39
80
2
*
9
146
*
34
*
*
16
499
3
*
3
555
*
1
8
*
62
71
—
50
50
*
■*
*
1
1
*
1
2
*
5
8
*
6
6
6
*
53
10
*
*
10
*
9
1
10
30
8
3
•*
360
_
12
_
*
7
110
6
1
250
139
1
143
26
47
*
7
47
590
*
1,812
320
*
31
611
12
1
*1,451
589
27
218
763
36
15
49
25
3,517
6
1,802
7
27
_
*
354
*
24
1
*
85
24
*
12
32
1
1
3
*
99
*
319
_
*
_
*
587
1,174
1,075
603
502
*
*
*
*
*
*
*
*
*
*
1
*
*
*
11
3
*
*
2
*
12
11
3
44
11
2
1
3
*
45
74
2
3
34
20
245
353
182
974
2
37
*
21
61
3
*
1
3
2
124
6
15
274
1
1
*
*
6
13
1
*
2
*
15
24
9
73
*
3
203
1
2
509
2,563
2
7
2
82
3,373
1,456
1
1,457
*
5
*
*
2
400
*
*
*
4
411
*
3
167
1
2
14
382
2
2
2
63
637
*
15
*
471
14
1
5
506
*
16
*
*
23
310
*
4
•*
8
362
1
*
15
*
30
47
25
25
*
*
*
1
*
7
*
4
12
*
*
“
8
•*
1
9
*
*
*
*
*
9
1
10
2
-
2
*
3
1,729
14
1
15
2
18,606
1,779
2,942
9,889
2,444
2
1,552
1,646
*
10
1
1,658
644
10
-
890
*
-
88
*
1
-
22
*
*
*
-
2
*
-
654
2,433
891
88
20,264
3,832
9,978
11
4,838
12,665
1,628
6
58
1
-
459
30
—
943
-
96
1
1
—
1.693
489
2,738
97
164
*
*
5,780
12,762
1,474
1,729
24,484
*
54
1
25
28
41
*•
17
18
1
1
3
*
115
_
279
_
2
_
*
7,083
7
18
459
12
1
1,012
588
9
173
424
25
6
38
25
2,833
3
1,436
*
20
_
*
Stocks
184
2,249
130
5
28
*■
-
*
*
_
*
*
*
*
*
Bonds
3
99
*
*
49
172
*
87
45
2
*
4
18
284
1
1,536
_
2
_
2,302
... . 63
22,791
.... 38.
1,310
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
2? ,
2.467
2
1,554
129
November 1974
______________________ 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
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.........
Total Europe................
Canada.....................
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.......... 1.......
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..................
1969
1970
1971
1972
June
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
*
M
14
*
M
19
15
*
10
10
1
*
4
1
73
X
43
M
1
M
1
21
*
*
47
22
*
24
10
2
*
5
1
90
*
57
*
1
*
1
9
*
*
22
24
*
20
6
1
2
6
*
294
52
243
36
193
56
281
1
34
*
M
X
•*
3
3
1
1
5
1
14
*
1
15
*
*
X
M
3
3
*
1
5
1
11
*
1
19
1
M
M
*
4
2
*
1
2
3
10
■*
3
9
*
M
M
M
3
3
X
1
3
1
12
*
64
40
43
36
X
*
10
*
x
*
•*
*
3
*
7
21
*
19
*
X
M
1
*
2
Mr
5
27
*
9
*
*
1
1
*
1
*
4
17
*
12
*
X
1
4
M
1
*
3
20
M
14
*
M
1
2
*
X
M
4
23
*
13
*
X
1
1
M
1
*
4
20
*
*
*
*
1
1
*
*
*
*
1
2
*
*
*
M
1
1
*
*
■*
*
M
*
*
M
X
X
1
1
1
*
1
*
1
*
M
1
1
349
*
*
*
316
316
434
434
-
-
34
-
M
1
M
-
311
-
372
-
349
311
372
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
1974
1973
|
1
Country
84
*
56
*
1
*
Sept.
1
9
*
*
30
22
X
13
7
1
*
1
1
76
M
35
*
1
_
■*
Dec.
Mar.
June p
*
10
*
*
29
23
1
13
8
1
*
7
1
92
*
57
*
1
*
11,
*
*
25
22
*
36
6
1
*
8
1
101
*
>60
*
1
*
274
*
12
*
*
22
20
*
30
5
1
*
8
*
103
*
50
*
1
*
231
19
198
*
242
31
28
sr
254
24
1
7
*
*
M
M
2
3
*
X
2
1
22
2
42
1
9
*
M
M
M
3
3
*
*
2
1
13
7
39
1
10
*
*
*
*
2
3
*
*
3
1
15
7
42
i
15
*
*
*
*
5
4
*
1
3
1
20
5
56
1
4
*
*
*
*
4
3
*
*
3
1
30
8
55
-
•*
*
13
*
*
1
1
*
*
*
4
*
*
14
*
*
1
2
*
*
*
5
*
*
13
*
*
1
1
*
*•
*
4
19
23
20
*
*
•*
*
1
1
*
*
*
*
*
*
1
*
*
*
*
1
*
*
1
1
1
1
*
1
290
*
*
*
*
*
1
*
1
354
-
290
... 2
333
333
384
384
carried by foreigners.
1/ Throug^i December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
354
230
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)
Calendar year
Country
Eurone*
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...............
Canada......................
Latin America*
Argentina..................
Bahamas l/.................
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....... ......... .
1969
1970
1971
*
5
12
*
9
*
*
16
14
*
9
20
1
12
1
*
12
1
*
2
1
50
*
37
*
June
Sept.
Dec.
Mar.
*
*
*
6
11
*
5
*
*
17
*
4
*
_
16
*
_
22
1
22
1
*
*
18
23
*
*
21
16
31
15
1
9
12
15
17
1
12
10
1
1
1
1
6
1
38
*
44
*
42
*
37
*
1
*
3
*
*
5
-
*
*
*
146
155
155
61
49
3
24
*
2
21
1
1
*
*
3
4
*
1
3
1
6
1
*
*
*
3
4
*
*
4
1
_
134
129
130
159
54
39
15
22
30
21
14
1
21
3
15
2
2
1
5
4
1
4
1
1
*
1
1
1
*
*
*
*
6
2
12
_
•*
_
*
23
*
*
_
*•
40
*
*
3
4
*
_
*
59
*
*
3
5
*
*
7
24
*
*
1
1
6
35
*
*
*
*
*
10
6
55
*
1
27
*
72
*
138
52
2
2
1
31
*
32
235
41
*
1
35
*
29
_
Mr
*
5
1
45
2
32
*
34
*
*
*
5
_
_
1
1
*
*
5
8
1
*
*
*
*
5
4
*
*
4
1
1
7
9
10
1
1
2
1
1
14
*
1
7
*
37
*
30
*
19
1
10
6
1
1
*•
*
1
7
16
*
5
*
*
14
17
_
-
5
*
*
*
*
7
1
6
June p
_
-
*
12
6
*
*
1
8
1974
1972
57
*
53
*
19
-
1
1973
|
■
3
*
*
1
1
1
*
*
_
*
*
*
*
6
6
6
6
_
-
8
6
6
5
*
*
4
5
*
*
4
1
1
6
*
*
4
*
*
4
1
3
35
9
7
40
5
34
2
1
1
3
27
27
_
*
42
*
*
_
*
43
*
*
*
25
*
*
_
*
37
*
*
_
*
32
*
*
1
2
1
8
1
4
1
1
*
4
53
1
*
*
*
5
73
6
6
52
58
4
*
*
*
5
36
*
*
*
*
*
*
*
*
*
m
1
1
1
1
1
1
_
1
1
*
*
*
7
47
41
*
*
*
6
2
*
*
*
1
1
1
1
1
1
1
1
1
2
2
1
1
2
3
1
*
*
*
*
1
*
*
*
*
*
1
*
*
*
*
*
*
1
1
1
1
1
1
1
1
*
278
281
314
j
405
243
255
231
227
243
-
-
-
;
-
-
-
*
-
278
281
314
i
243
255
231
227
243
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
405
*
*
*
*
*
*
*
*
*
1
2
1
5
*•
*
5
1
6
*
_
,
their accounts carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
November 1974
131
FOREIGN CURRENCIES ACQUIRED BY THE U. S. GOVERNMENT WITHOUT PAYMENT OP DOLLARS____
Foreign currenci es reported herein in U.S. dollar equiv
lations provided for the transfer of department and
agency
alents were acquired without direct payment of dollars, for
foreign currency "balances as of November 30, 1953, into Treas
the most part in connection with foreign assistance and agri
ury custody, and the flew of future collections throughJTreas-
cultural
trade development programs authorized
by various
ury accounts;
and established requirements with respect to
These currencies are generally referred
withdrawals from Treasury accounts; limitations on purchases
to as "nonpurchased" foreign currencies to distinguish them
and amounts of holdings; the use of foreign depositaries; and
from currencies purchased
accounting
provisions of law.
commercial sources.
with dollars from banks or other
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 by law.
Prior to
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.
July 1, 1953, foreign currencies acquired by
It should
not be assumed that dollars, in amounts equal to the balances,
Government agencies without direct payment of dollars gener
are actually available for the general use of the U.f. Gov
ally
defray
ernment, since most of the currencies are inconvertible and
operating expenses and were not subject to the regular appro
restricted as to uses by the terms of agreements between the
priation processes.
United States and the foreign governments.
were available to
the collecting agencies to
The act of July 15, 1952, Sec. H 1 5 (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
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
except as provided annually in appropriation acts. Subsequent
actions
legislation required executive departments and agencies, with
International Development.
certain exceptions, to reimburse the Treasury in dollars for
purchases of
the foreign currencies -used. Executive Orders No. IO4 S8 dated
countability and reported as dollar transactions.
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
October 19, 1953, effective
Circular No. 930 was
December 1, 1953.
issued on
These regu
therein are included in
reports of the Agency for
The tables also exclude the U.S.
foreign currencies which are under dollar ac
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.
132
Treasury Bulletin
■FORF.TfrM CURRENCIES ACQUIRED BY THE U. S. GOVERNMENT WITHOUT PAYMENT OP nOT.T.ARS
Table FC-1. - Summary of Foreign Currency Transactions
1
Cash balances brought forward:
Excess currencies 1/.............
Total cash balances.............
Collections:
Public Law 4-80 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 48 O loans and grants...
Public Law 4 SO 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........
1965
1966
1967
1968
1969
1970
1971
1972
1973
2,326.6
480.5
2,807.1
2,419.1
413.2
2,042.3
228.5
2,270.8
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
2,076.8
1,791.9
69.6
1,861.5
1,808.2
71.3
1,879.5
794.7
790.7
-
326.2
6.6
352.2
17.0
225.9
8.0
168.6
25.6
11.1
193.4
.4
333.0
68 .4
1,189.0
-
2,832.3
947.9
-
-
1
1974
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
5.1
24.4
40.4
111.5
38.9
9.1
24.8
30.4
89.0
1.3
10.3
24.7
33.0
78.2
.2
8.0
16.4
30.8
73.8
6.4
26.5
40.3r
45.6
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
119.1
175.8
1,335.1
3,513.6
142.8
158.3
883.7
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
644.2r
2,505.7r
1,973.14/
387.4
2,805.7
4,685.2
1,032.3
736.9
851.8
659.1
488.0
281.8
339.3
193.0
46.7
26.6
4 2 .2
36.6
25.5
49.4
34.8
18.8
89.1
23.0
14.5
90.2
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
39.7r
2,361.15/
1.8
21.6
35.7
106.3
193.0
136.3
133.4
158.0
215.6
77.3
2.7
104.7
187.6
127.5
118.1
203.3
.2
4.3
122.2
220.1
15.4
142.0
171.4
3.2
121.9
230.4
38.9
6.2
17.1
1,039.8
-17.5
803.6
25.9
682.1
-54.6
842.9
691.9r
-1.5
2,744.3
-9.9
2,188.9
52.0
2,076.8
-157.5
1,861.5
1,879.5
1,858.5
1972
1973
1974
189.0
77.1
266.1
130.0
10.3
-
-
27.8
15.2
170.2
155.6
108.0
15.6
14.1
1,489.0
42.3
1,175.6
27.4
1,471.3
-16.2
1,224.2
-43.7
-734.8
2,270.8
-9.8
2,178.5
11.2
-9.2
2 ,300.6
2,135.3
-
2,832.3
-
6 8 .4
21 4 .8
1.3
5.8
8 .4
-
-
17.1
17.7
41.6
35.4
-
12.2
65.7
Table FC-2. - .Foreign Currency Transactions, Country Uses
(Fiscal years;
millions of dollar equivalents)
t/ ~ in ~
1965
Cash balances brought foward:
Excess currencies 1/..............
Near- and non-excess currencies.......
Total cash balances....... .
Collections:
Public Law 48 Q. sales.J2/._,,
%%
,
Currency use payments.............
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.
1,158.7
329.2
1,487.9
1966
1967
819.5
1,076.9
188.1
307.3
1,384.2 1,007.6
1968
1969
1970
1971
624.2
155.5
779.7
557.3
140.0
697.3
414.4
84.8
499.2
403.7
70.9
474.6
259.6
278.3
171.2
7.4
285.7
-12.8
12.4 .
784.5
8.8
180.0
281.8
1,019.6
789.6
657.1
620.6
.4
1,020.0
-22.6
22.8
2,508.1
1.7
791.3
-53.6
80.4
2,202.3
7.9
665.0
-25.6
16.7
1,663.7
6.1
626.7
-45.8
11.7
1,372.3
-102.3
164.3
1,019.9
1,032.3
736.9
851.8
659.1
488.0
46.7
14.7
1,093.7
36.6
12.3
785.8
-3 0 .2
1,384.2
-408.9
1,007.6
1 .0
260.6
273.8
74.5
348.3
131.2
.2
6.5
137.9
-46.7
59.1
130.5
-18.5
94.3
498.6
472.4
293.6
4.0
297.6
-52.8
2,043.8 6/
2,428.9
339.3
193.0
313.4
2,361.15/
40.0
7.6
1.8
3.6
2,366.5
-87.3
88.9
656.2
5.2
122.1
3.2
895.3
23.0
6.7
688.8
23.9
8.6
520.5
17.9
9.1
308.8
29.3
9.6
378.2
240.6
15.6
4.0
333.0
11.3
779.7
13.8
697.3
-.2
499.2
-1.1
474.6
70.3
34S,3 _
8.1
266.1
140.3
34.8
8.7
140.3
.9
1
'1
5,4
67.8
November 1974
133
FrmttTftN CURRENCIES ACQUIRED BY THE U. S. GOVERNMENT WITHOUT PAYMENT OF DOLLARS_____
Table FC-3. - Foreign Currency Transactions, U.S. Uses.
(Fiscal years; in millions of dollar equivalents)
1965
Cash balances brought forward:
Excess currencies 1/.............
Near- and non-excess currencies.....
Total cash balances.............
Collections:
Public Law 450 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........
1966
1967
1968
1969
1970
1971
1972
1973
1974
1,166.1
135.3
1,301.4
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
1,709.9
-18.6
1,691.3
169.4
-
158.3
-
137.6
-
170.1
-
66.5
6.6
73.9
17.0
54.7
8.0
37.4
25.4
5.9
71.3
.4
39.4
13.1
17.7
41.6
_
-
1,672.6
1,597.9
44.7
-19.7 .
1,578.2
1,717.3
_
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
4.3
24.4
39.6
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
40.3r
94.1
132.1
492.7
-22.8
22.6
110.0
141.9
494.2
-80.4
.......... 52,6
1,894.9
116.5
177.9
619.3
-16.7
... -25,6
1,858.7
119.1
175.8
612.0
-11.7
45.8
142.3
158.3
510.4
-164.3
102.3
151.5
154.2
152.8
144.6
4 2 0 .6
2,004.3
-88.9
87.3
2,084.5
182.9
138.0
468.lr
^ -94.3
18.5r
1,998.3
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
2,199.0
1,793.9
1,973.1 A/
387.4
2,472.7
-2 ,0 4 3 .8 6 /
52.8
11.9
1 3 .2
10.1
7.8
13.9
13.2
17.8
21.7
16.1
18.0
106.3
193.0
136.3
133.4
158.0
215.6
77.3
2.7
130.1
187.6
68.4
2.6
121.9
230.4
38.9
6.2
127.5
118.1
203.3
.2
4.3
122.2
220.1
171.4
1.3
5.8
-17.5
-54.6 t
319.2
27.8
15.2
170.2
155.6
108.0
15.6
14.1
353.1
42.3
340.4
27.4
486.9
-16.2
445.2
17.1
419.7
393.1
8.4
375.6
25.9
373.5
-13.3
1,427.5
-3r4.o
1,230.5
-19.6
1,352.2
2.8
1,555.9
-10.7
1,573.9
-8.1
1,665.5
-17.6
1,691.3
-139.8
1,578.2
-
-
21 4 .8
_
15.4
142.0
_
12.2
-1.5
342.1
66.0
1,717,3
-85.6
1,771.3
1?73
1974
Footnotes at end of Table FG-<+.
Table FC-4. - Foreign Currency Transactions, Trust funds
(Fiscal years; m millions of dollar equivalents)
1965
Cash balances brought forward:
Excess currencies 1/.............
Near- and non-excess currencies.....
Total cash balances.............
Collections:
Advances from foreign governments...
Contributions from foreign
governments....................
Total colleotions..............
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:
1966
1967
1968
1969
5.8
41.6
1.8
16.0
17.8
4.6
16.0
20.6
5.4
27.3
32.7
6.0
40.6
46.6
42.8
60.3
104.5
2.4
45.2
3.1
63.4
63.0
42.2
1970
1971
47.4
5.7
56.5
62.2
5.3
43.5
48.8
94.4
111.5
89.0
*
2.0
104.5
96.4
3.2
114.7
84.0
137.2
143.0
49.4
89.1
90.2
1972
i
37.2
5.0
12.2
17.2
5.6
16.3
21.9
78.2
73.8
45.6
35.4
*
_
_
89.0
78.2
73.8
45.6
35.4
162.1
151.2
127.0
111.0
62.8r
57.3
99.5
101.7
89.1
68.0
39.7r
35.7
8.2 i
29.0 j
_
_
42.2
49.4
89.1
90.2
99.5
101.7
89.1
68.0
-.2
20.6
-1.9
32.7
-1.5
46.6
-5.4
47.4
-.4
62.2
-.7
48.8
-.7
37.2
Bureau of Government Financial Operations.
Note:
Dollar equivalents were calculated at varying rates of exchange.
Receipts are valued at the previous end-of-the-quarter reporting
rates with the exception of currencies received under Public Law 48 O,
as amended. Sections 103(c), 402, 502(a), and Section 6, Title II of
the Mutual Security Act of 1954, as amended, currencies are valued at
international agreement rates which are referred to as either import
or loan repayment rates. Currencies sold for dollars are valued at
the rate in effect on the date of sale. Balances are valued at
reporting rates. Transfers and expenditures are valued at the begins
ning of the quarter reporting rates.
1/ Currencies of countries for which it has been determined that the
supply is great enough to more than meet U.S. requirements for the
next two years.
_
-
39.7r
35.7
-25.8
-1.2
-2.2
17.2
21.9
19.4
2/ Agricultural Trade Development and Assistant Act of 1954, as amended
(7 U.S.C. 1704-5).
2/ Consists of loan repayments under lend-lease and surplus property
agreements, recoveries of military assistance, proceeds from sale of
buildings abroad, and other items.
4/ Includes $1,849.2 million prepayments by the Government of India of
P.L. 480 loans pursuant to the Indian Rupee Settlement agreement of
February 18, 1974.
5/ Includes $2,035.4 million granted to the Government of India pursuant
~ to the Indian Rupee Settlement agreement of February 18, 1974.
6/ Includes $2,020.3transferred in India from U.S. uses to country uses
pursuant to the Indian Rupee Settlement agreement of February 18, 1974.
r Revised.
* Less than $50,000.
Treasury Bulletin
234
____________________ . F I N A N C I A L O P E R A T I O N S O F G O V E R N M E N T
AGENCIES A N D FUNDS
Section II - Federal Credit Programs
GA-II-1 - Direct Sales and Repurchases of Loans'
Export-Import
Bank of the
United States
Total
Fiscal year
or month
Sales
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1972........
1973........
1974........
936
696
954
1,070
1,337
2,115
2,548
3,045
6,257
3,903
1973-Sept....
Oct.....
439
482
234
767
308
80
265
252
71
157
580
602
598
Dec......
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept 3/...
Fiscal 1975
to date..... i 1,780
1/
2/
Repur
chases
_
_
92
213
428
842
305
781
330
857
Sales
124
63
153
91
379
406
269
248
145
21
*
1
*
*
Repur
chases
_
-
261
4
187
20
3
1
1
-
106
66
180
45
69
45
62
122
159
71
5.
4
4
1
1
*
63
150
175
1
1
1
1
_
-
388
3
-
-
(In millions of dollars)
Housing and Urban Development Departmenl
Farmers Home
Small Business
Government
Administration National
Mortgage Office of Secretary Administration
Association
y
Sales
2/
Repur
chases
157
391
729
974
959
1,668
2,005
2,430
3,324
2,172
_
50
174
405
569
287
574
284
821
235
253
7
502
2
1
6
208
68
48
579
584
597
104
63
176
42
65
43
59
118
155
69
61
147
174
204
229
227
191
302
2
234
2
2
108
16
1,760
382
16
Includes college housing, elderly housing, and public facility loans.
Sales by fiscal years 1965-1966 are on basis of actual figures shown
in the Budget document and include initial sales of loans from credit
Sales
264
6
-
2,300
1,501
j/
*
Repur
chases
Sales
Repur
chases
-
33
11
_
-
-
_
—
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_
-
-
-
-
-
-
Repur
chases
_
2
15
6
*
2
1
3
1
*
1
1
_
*
-
-
_
-
Sales
-
31
120
2
*
*
30
_
Veterans
Administration
Sales
Repur
chases
_
41
24
17
12
12
19
25
30
327
105
71
2
*
38
244
368
488
209
74
*
73
21
41
-
3
2
3
2
3
2
2
4
3
2
2
3
2
-
7
insurance funds. The monthly figures are on basis of agency reports.
Figures as of August 1974, latest available,
Less than $500,000.
November 1974
135
■■ ..— .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-1. - Civil Service Retirement and Disability Fund
________ _ _ _ _ _ _ _ _ _ _ ______________________________ (In millions of dollars)___________________________________________________
Receipts
Total
Agencies’
contributions
Employees'
contributions
Federal
contributions
Donations, ser
vice credit pay
ments, and other
misc. receipts
Interest and
profits on
investments
26,541
2,664
2,823
3,094
3,434
3,753
4,683
5,816
6,735
7,604
8,955
9,974
5,678
1,050
1,097
1,191
1,318
1,414
1,721
1,890
2,038
2,120
11,999
1,050
1,097
1,191
1,318
1,414
1,721
1,890
2,038
2,120
4,325
65
67
73
71
72
231
773
1,161
1,360
114
16
16
15
18
17
19
30
33
37
4,427
482
546
625
709
834
990
1,233
1,464
1,566
2,277
2,506
2,277
2,506
2,527
2,890
36
42
1,838
2,031
399
399
1,131
195
184
162
195
184
162
*
*
*
3
3
2
7
29
805
221
199
194
200
185
181
190
208
229
221
199
194
200
185
182
190
208
229
*
July....................
Aug....................
Sept....................
449
466
397
399
406
3,707
387
483
468
*
*
/r
n
2
3
3
4
3
4
3
3
3
65
6
-4
32
815
3
63
6
Fiscal year 1975
to date.....................
1,338
628
628
*
10
72
Fiscal year
or month
1921-64.....................
1965........................
1966........................
1967........................
1968........................
1970........................
1971........................
1972........................
1973........................
1974 .......................
1975 (Est.)..................
1973-Oct.....................
Nov.....................
Dec.....................
1974-Jan.....................
Feb.....................
Max.....................
Apr....................
May....................
June ..................
*
*
*
2,526
_
Assets, end of period
Fiscal year
or month
Total expenditures
other than
investments
Net increase, or
decrease (-), in
assets
Total
Investments
Unexpended balance
1921-64.....................
1965.......................
1966.......................
1967.......................
1968.......................
1969.......................
1970.......................
1971.......................
1972.......................
1973.......................
3-974 ..... ,...............
1975 (Est.).................
12,155
1,438
1,686
1,965
2,139
2,406
2,752
3,234
3,778
4,523
5,669
7,245
V#86
1,226
1,137
1,129
1,296
1,347
1,931
2,581
2,957
3,081
3,286
2,',29
14,386
15,612
16,749
17,878
19,173
20,521
22,452
25,033
27,990
31,071
34,357
37,001
14,279
15,492
16,603
17,722
19,001
20,321
22,047
24,727
27,668
30,866
34,331
37,000
106
120
146
157
172
199
405
306
322
205
26
1973-Oct....................
481
460
455
465
491
501
490
506
500
506
552
568
-82
-60
676
-15
-25
-104
-91
-100
3,207
.119
—68
-100
30,869
30,809
31,485
31,470
31,445
31,341
31,250
31,150
34,357
34,239
34,170
34,070
30,865
30,771
31,418
31,436
31,395
31,277
31,195
31,117
34,331
34,205
34,117
33,981
4
38
67
34
50
64
55
33
26
34
54
89
1,625
-287
34,070
33,981
89
1974-Jan....................
Feb....................
July...................
Fiscal year 1975
to date....................
Source: See Table FFO-1.
*
Less than $500,000.
1
136
Treasury Bulletin
F TMAWrtAT. O P E R A T I O N S O F G O V E R N M E N T A G E N C I E S A N D
FTTNns
Section III -I Trust Funds
Table GA-III-2. - Federal Old-Age and Survivors Insurance Trust Fund 1/
(In.millions of dollars)
Expenditures other than
Receipts
Fiscal year
or month
1937-64...................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.... .................
1972.....................
1973.....................
1974.....................
1975 (Est.)................
Total 2/
Appropriations
2/
Deposits by Net earnings
States A /
on investments
Total j>/
Benefit
payments
113,377
15,965
18,770
19,729 7/
21,624 7/
24,690
27,320
32,268
35,848
43,623
49,483
57,290
108,406
15,229
18,072
18,887
20,737
23,732
26,266
31,101
34,540
42,170
47,847
55,459
133,124
16,417
18,461
23,371
23,641
27,348
31,746
33,982
37,916
43,639
50,935
58,380
118,767
14,572
16,747
20,732
20,627
23,693
27,196
28,849
32,114
37,187
43,465
49,992
6,115
1,258
1,392
1,835
2,036
2,260
2,758
3,066
3,596
4,131
4,989
5,821
8,180
583
588
725
900
1,013
1,349
1,618
1,718
1,848
2,040
2,120
1973-Oct..................
Nov..................
Dec..................
3,192
4,183
3,913
3,122
2,953
2,702
1974-Jan..................
Feb..................
Mar........... ;......
Apr..................
May..................
June.................
July..................
Aug..................
Sept..................
’Fiscal year 1975 to date.....
3,373
5,693
3,654
4,533
5,845
4,310
3,838
6,038
3,960
3,396
4,435
3,831
4,466
4,040
3,741
3,843
4,113
4,191
12,147
43
1,181
-95
-28
1,209
-190
24
1,759
-306
27
49
866
6
49
14
43
46
875
5
51
16
3,929
3,980
3,888
4,065
3,994
4,051
4,287
5,251
4,381
4,435
4,505
4,579
3,859
3,911
3,903
3,927
3,941
4,002
4,259
4,258
4,288
4,422
4,449
4,458
72
13,519
13,329
13,837
-9
1,874
-247
1,618
Payments to Rail
road Retirement
Accounts 6/
2,243
436
444
508
438
491
579
613
724
783
909
1,049
_
_
_
-
909
_
-
-
Expen
Fiscal year
or month
1937-64...................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974......................
1975 (Est.)................
1973-Oct..................
Nov............ ......
Dec..................
1974-Jan..................
Feb........ ..........
Mar..................
Apr..................
June.................
Fiscal year 1975 to date.....
Administrative expenses
Construc
tion 8/
35
*
2
1
3
7
1
2
7
7
5
13
*
*
*
*
*
1
*
1
1
*
*
*
1
Reimbursement
Bureail of
to general
0ASI 10/
fund 9/
732
2,236
52
323
50
443
57
290
60
354
59
403
412
73
72
478
78
504
81
567
615
91
89
675
8
8
7
20
8
62
61
-36
7
8
8
118
44
40
30
76
91
5
47
113
23
165
-3
8
8
Source:
See Table FFO-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 6/* Stat. 512); $35
million (1937-59), paid from the Railroad Retirement Account; beginning November 1951, small amounts in the nature of recoveries from
expenditures incidental to the operations; beginning 1958, interest
payments from Federal Disability Insurance Trust Fund and sale of
waste paper; $78 million for each FY 1967 and 1968, $156 million FY
1969, $78 million for each FY 1970 and FY 1971. $137 million FY 19^.
$138 million FY 1973 and $139 million FY 1974 for military service
credits; and $226 million for FY 1969, $364 million for FY 1970, $371
million FY 1971, $351 million for FY 1972, $337 million FY 1973 and
$303 million FY 1974 for benefits for the aged. Estimates include
$140 million for military service credits and $307 million for
special benefits for the aged for FY 1975.
i/ Includes unappropriated receipts from January 1962 to June 1965.
y To cover employees of States and their political subdivisions, under
Net increase,
or decrease
(-), in
assets
Total
Investments
Unexpended
balance
2/
19,747
451
-309
3,643
2,017
2,657
4,426 '
1,714
2,068
16
1,452
1,090
19,747
20,198
18,889
23,531
25,548
28,205
32,631
34,345
36,413
36,429
37,881
40,041
18,325
18,783
17,925
21,780
23,250
26,235
30,121
31,375
33,203
35,501
37,717
39,641
1,421
1,415
1,964
1,751
2,298
1,971
2,509
2,970
3,211
928
164
400
-737
203
26
36,273
36,476
36,501
36,119
35,556
36,211
154
920
291
-692
1,699
-396
-
594
-85
-596
1,533
-620
35,809
37,508
37,112
37,358
37,952
37,867
37,285
38,818
38,198
35,578
37,100
36,976
37,249
37,166
37,717
37,070
38,395
38,143
232
408
136
109
786
150
215
423
55
-
318
38,198
38,143
55
Reimbursement to or
from (-), FDI, FHI,
and FSMI Trust Funds
-276
-75
-241
-14
32
-4
-13
*
-7
11
12
.
-
12
-
_
-
246
the Social Security Act Amendments of 1950 (4 2 U.S.C. 4I8 ).
5/ Includes payments for vocational rehabilitation services to*Federal
Disability Insurance Trust Fund and Social Rehabilitation Service
6/ See Table GA-III-6 , footnote 3.
7/ Excludes transactions for investments in non-Federal securities.
8/ Construction and equipment of office buildings for the Bureau
(Public Law 170, approved July 31, 1953 (67 Stat. 254)).
9/ Under the social security Act, as amended (42 U.S.C. 401 (g) (1 )) for
administration of Titles II and VII of that act and related parts'of
the Internal Revenue Code (26 U.S.C. 48 O-482 , 1400-1432). See also
footnote 1 0 .
IQ/ 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.
137
November 1974
.FINANCIAL O P E R A T I O N S O F G O V E R N M E N T A G E N C I E S A N D
FUNDS.
Section III - Trust Fund
Table GA-III-3. - Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
1957-64......
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974 ........
1975 (Est.)...
1973-Oct.....
Nov.....
Dec.....
1974-Jan.....
Feb.....
*'ar...................
Apr.....
May.....
June.....
July.....
Aug......
Sept.....
Fiscal year 1975
to date......
Appro
priations
2/
Depos
its by
States
2/
Interest
and pro
fits on
invest
ments
6,910
1,082
1,442
2,066
2,496
3,195
3,770
4,124
4,363
4,911
5,602
6,571
498
93
114
183
203
337
371
446
490
550
5,536
1,498
1,937
1,997 8/
2,237 8/
2,613
2,954
3,606
4,309
5,467
5,171
1,392
1,721
1,861
2,088
2,443
2,778
3,381
4,046
5,162
633
765
368
65
60
66
84
141
223
325
388
435
479
498
6,384
7,799
6,158
7,462
459
662
460
601
619
549
615
841
507
628
653
398
379
345
442
583
504
544
531
497
498
548
545
2
75
42
17
10
112
*
79
122
8
71
105
1
5
220
*
8
3
4
6
222
*
8
2
513
525
467
510
514
549
582
605
598
617
623
610
493
496
500
502
502
528
560
554
572
592
599
593
1,787
1,591
185
11
1,849
1,784
Total
1/
7,803 7/
1,241
1,616
2,332
2,800
3,705
4,380
4,910
5,291
5,946
6,768
7,886
401
Total
k/
Benefit
pay
ments
Source: See Table FFO-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, $51 million FY 1973, $52 mil
lion and $3 million for interest on reimbursement of administrative and
vocal rehabilitation expenses FY 1974.
Estimate includes $52 million FY 1975 for Military service credits.
2/ Includes unappropriated receipts from January 1962 to June 1965.
2/ To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
ij Includes payment for Vocational Rehabilitation Service beginning
FY 1966 and construction and equipment of buildings beginning FY 1967.
Payments
to
Railroad
Retirement
Accounts J?/
55
24
25
31
20
21
10
13
24
20
22
33
Administrative:
Reimbursement to
General
SSA
Trust
fund
Funds 6/
285
78
184
93
105
124
138
179
197
233
335
564
1,092
1,426
1,305
982
479
13
384
87
8,255
8,523
1
1
1
2
1
1
7,800
7,733
7,929
7,879
7,966
8,036
8,002
8,012
8,255
8,145
8,149
8,193
7,819
7,642
7,855
7,795
7,881
7,980
7,985
7,974
8,195
8,126
8,130
8,117
-20
92
74
84
85
56
18
39
60
18
19
76
8,193
8,117
76
2>8
-321
~
9
16
20
20
18
20
19
12
1
2
1
1
1
-
51
3
-63
_
-
-
22
_
-
17
22
-37
_
Invest Un
expended
ments
balance
2/
2,141
1,878
1,465
1,835
2,351
3,492
4,835
6,078
7,012
7,803
8,195
8,473
2,266
-257
-112
-66
196
-50
87
70
-34
10
243
-110
5
43
-
Total
2,266
2,009
1,688
2,024
2,587
3,679
5,105
6,410
7,392
7,871
25
4
5
5
6
8
9
10
12
12
141
Net
in
crease,
or de
crease
(-), in
assets
125
131
224
189
236
187
270
332
380
68
60
50
Estimates include 75 million for vocational rehabilitation services and
$2 million for construction of buildings for FY 1975.
See Table GA-III, footnote 3.
6/ 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) (l)). Beginning July 1966 monthly reimbursements are paid to
the Social Security Administration to cover salaries and expenses
instead of the semi-annual reimbursement to FQASI.
2/ Includes $27 million paid from Railroad Retirement Accounts in FY I960.
Excludes
transactions for investments in non-Federal securities.
8/
Less than $500,000.
Treasury Bulletin
138
•FINANCIAL O P E R A T I O N S O F G O V E R N M E N T
AGENCIES A N D i m K m n
Section III - hTrust Funds
Table GA-III-4. - Federal Hospital Insurance Trust Fund
(in millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Total 1/
Appro
priations
Federal
payment
2/
Deposits Interest
and pro
fits on
States
invest
ments
Total
338
284
771
628
874
551
429
47
206
279
426
445
486
534
725
7
46
60
96
137
180
188
196
499
519
1,099
1,197
406
495
8,065*
10,163 y
499
4
137
77
1
1
161
32
18
204
3
123
191
13
112
164
3
7
6
7
10
July..
Aug...
Sept..
1,035
943
1,125
794
971
1,150
817
903
780
1,027
809
730
779
858
852
Fiscal year 1975
to date......
2,916
2,489
289
.
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1975 (Est).
916
3,089
3,902
5,344
5.614
6,018
6,031
8,352
11,610
12,472
862
2,483
3,235
3,997
4,340
4,412
4,692
6,938
9,503
10,133
L973-0cfc...
Nov...
Dec...
632
826
1,365
627
687
628
1974-Jan...
Feb...
Mar...
Apr...
May...
June..
852
928
991
204
Sourc'e: See Table FF0-1.
1/ Includes nominal amounts of other receipts. Includes receipts and
interest from Railroad Retirement Accounts - net settlement of $16
million FY 1967, $44 million FY 1968, $54 million FY 1969, $64 mil
lion FY 1970, $66 million FY 1971, $66 million FY 1972, $63 million
FY 1973, $99 million FY 1974 and $132 million September 1974. The
estimate is $128 million for FY 1975.
2/ Represents payments for military service credits of $11 million for
each FY 1967 and 1968, $22 million FY 1969, $11 million for each
FY 1970, 1971, $48 million FY 1972, $48 million FY 1973 and $48 mil-
Benefits Adminis
payments trative
expense
Construc
tion
Assets, end of period
Net
in
crease,
or de
crease
(-), in
assets
Total
Un
Invest expended
ments balance
2,508
3,736
4,Si54
4,804
5,443
6,109
6,649
64
89
79
104
148
149
165
192
851
492
87
586
661
426
-244
1,510
851
1,343
1,431
2,017
2,677
3,103
2,859
4,369
786
1,298
1,370
2,001
2.653
3,030
2,884
4,222
65
45
60
15
24
73
-25
146
7,807
9,831
258
326
3,545
2,309
7,914
9,t>37
7.864
9,557
49
80
657
626
650
643
607
602
14
19
48
-25
200
715
5,551
5,751
6,467
5,556
5,499
6,429
-5
252
38
698
681
724
731
802
789
793
823
705
672
652
698
723
788
763
766
797
744
26
29
26
8
14
25
26
26
21
.154
246
267
304
141
336
2
149
385
6,621
6,867
7,134
7,437
7,578
6.654
6,720
7,095
7,442
7,615
7.864
7,878
8,058
8,362
-34
2,381
2,308
73
535
8,449 I 8,362
87
64
2,597 J/
3,815 1/
4,758
4,953
5,592
6,276
6,842
K
y
7.914
7.915
8,064
8,449
147
39
16
-37
49
38
6
87
lion FY 1974; and payment for transitional coverage for the uninsured
of $327 million 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, $381 million FY 1973 and $451 million FY 1974.
Estimates include $471 million for transitional coverage and $48
million for military service credits for FY 1975.
Excludes transactions for investments in non-Federal securities.
Includes $5 million FY 1975 for health insurance experiments and
demonstration projects.
Less than $500,000.
139
November 1974
.FINANCIAL O P E R A T I O N S O F G O V E R N M E N T A G E N C I E S A N D
FUNDS.
Section III - Trust Funds
Table GA-III-5. -(Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)
Fiscal year
or month
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1975 (Est.).
1973-Oc t
Nov......
Dec......
1974-Ja n
Feb......
Mar......
Apr......
May...’....
June.....
Total y
Premiums
Federal
contri
butions
Interest
and pro
fits on
invest
ments
647
698
903
936
1,253
1,340
1,427
1,579
1,845
623
634
984
928
1,245
1,365
1,430
2,029
2,327
15
20
23
12
17
29
43
77
70
325
302
310
141
121
120
174
169
151
1
1
30
255
251
301
336
316
307
314
329
140
183
172
167
165
181
175
1
2
2
2
3
33
292
281
303
289
316
312
309
313
292
915
353
Benefit
payments
Total
1,285
1,353
1,911
1,876
2,516
2,734
2,902
3,809
4,242
131
127
138
133
133
148
136
148
431
Assets, end of period
Expenditures other than investments
Receipts
799
1,532
1,840
2,196
2.283
2,544
2,637
3.283
4,028 2/
July......
344184
388
Aug......
234
Sept.....
177
333
Fiscal year 1975
1,066
594
to date.... .
Source:
See Table FF0-1.
1/ Includes $2 million FY 1973 -$1 million FY 1974 for interest on
reimbursement of administrative and vocational rehabilitation ex
penses and $125 million FY 1974 for premiums collected for the disa-
664
1.390
1,645
1,979
2,035
2,255
2.391
2,874
3,586
234
223
218
261
241
269
264
274
275
268
274
268
810
2/
*
Net
increase,
or de
Adminis
crease
trative Construc
(-), in
expenses tion
assets '
135
143
195
216
247
287
245
409
441
20
27
83
32
40
34
26
42
37
Total
Invest»ments
486
-179
71
-321
233
191
265
526
214
71
51
9
486
307
378
57
290
481
746
1.272
1,297
1,050
1,101
1,111
44
35
4
25
13
40
35
75
41
151
1,154
1,190
1,194
1,219
1,232
1.272
1,308
1,382
1.423
1.423
479
281
358
13
257
478
700
1,231
1,267
1,021
1,061
1,093
1,148
1,122
1,172
1,184
1,203
1,231
1,252
1,359
1,388
1,388
41
40
24
105
Un
expended
balance
7
25
20
44
33
3
46
41
30
29
41
17
6
67
21
34
29
41
55
23
35
35
bled and $37 million through first quarter of FY 1975.
Includes $1 million for health insurance experiments and demonstra
tion projects.
Less than $500,000.
Table GA-III-6. - Railroad Retirement Accounts
Receipts
Fiscal year
or month
Total
1/
Interest
Appro
and pro
priations fits on
invesL2/
ments
Expenditures other than investments
From F0ASI
and FDI
trust
funds y
From
Unemploy
ment
Trust
Fund y
Total
5/
Benefit
payments
Adminis
To
Unemploy trative
expenses
ment
6/
Trust
Fund y
490
115
58
10
12
41
29
13
35
14
47
15
16
45
51
19
60
20
20
35
1963-64.......
1965.........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973.........
1974........ ••
1975 (Est.)....
16,650
1,342
1,411
1,611
1,560
1,686
1,823
1,962
2,097
2,356
12,461
636
683
793
814
885
919
980
1,008
1,189
1,681
143
150
163
178
192
212
247
258
262
2,297
459
469
539
458
513
589
626
749
802
211
90
92
100
92
78
84
87
62
81
12,791
1,185
1,246
1,315
1,436
1,595
1,653
1,968
2,199
2,480
12,124
1,116
1,194
1,257
1,388
1,533
1,586
1,889
2,107
2,419
2,627
3,019
1,411
1,674
254
260
931
1,082
9
2,679
3,004
2.649
2,973
3
-
1973_Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
13
236
219
42
241
131
18
1,189
240
10
276
10
227
121
18
222
130
16
249
146
8
257
11
3
9
97
1
19
1
2
9
93
1
19
2
_
-
_
-
931
-
_
-
218
218
218
217
218
219
229
230
231
_
-
220
221
220
218
220
220
231
233
239
240
240
254
238
239
246
275
23
-
-
734
723
July.....
Aug......
Sept.....
Fiscal year 1975
\ to date....... |
13
299
!
-
-
1/ Includes payment for military service credits beginning fiscal 1965.
2/ Includes the Government’s contribution for creditable military
service (45 U.S.C. 228c-1 (n)) through fiscal 1964 and unappropriated
transfers of tax receipts and beginning FY 1968 includes transfers
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, $61 million FY 1973, $96 million FY 1974 and $127
million for September 1974.
Payments
are made between the Railroad Retirement Account and Federal
2/
old-age and survivors and Federal disability so as to place those
funds in the position in which they would have been if railroad em
ployment after 1936 had been included in social security coverage
-
_
_
-
Assets, end of period
Total
Un
Invest expended
balance
ments
2/
3,859
157
165
296
125
92
170
-6
-102
-124
3,859
4,016
4,181
4,477
4,601
4,692
4,863
4,857
4,755
4 631
3,766
3,916
4,070
4,357
4,427
4,498
4,724
4,695
4,585
4,609
93
100
112
120
174
194
138
162
170
23
22
26
-51
-15
4,581
4,568
4,549
4,563
32
,5
2
2
2
1
2
2
2
3
2
-207
15
-1
-176
21
-90
-212
956
1
-231
35
-240
4,067
4,082
4,081
3,905
3,926'
3,836
3,624
4,580
4,581
4,350
4,386
4,145
4,066
4,059
4,013
3,902
3,891
3,827
3,615
4,578
4,549
4,346
4,389
4,115
1
23
68
3
35
9
8
2
32
-
2
1
2
-
6
-
Net
increase,
or de
crease
(-), in
assets,
. “436,.,,. - JLMS- .-4 ,1 1 2
4
-3
30
.
(45 U.S.C. 228e (K)). See Tables GA.-IV-2 and GA-IV-3.
See Table GA-IV-7. Receipts include repayment and interest.
K
2/ 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, $6 million FY 1973, and $5 million
FY 1974; '$6 million September 1974 for interest transferred tc Federal
Hospital Insurance trust fund. Estimate includes $5 million for FY 1975.
Paid from the trust fund beginning 1950 (63 Stat. 297).
2/ Includes unappropriated receipts.
140
Treasury Bulletin
-FINANCIAL OPERATIONS OF G O V E R N M E N T AGENCIES A N D
w n m g
Section III - Trust Funds
Table GA-III-7. - Unemployment Trust Fund
(In millions of dollars)
Receipts
Employment Security Frogram
State
accounts
y
Fiscal year
or month
Employment Security
Administration
Account 2/
Total
Deposits
States
Appro
priations
Advances
from
general
fund
1/
Federal
Un
employ
ment
Account
Board
y
339
Federal
Extended
Compen
sation
Account
5/
Railroad Unemployment insurance
Adminis
Railroad Unemployment
tration
Insurance Account'6/
2/
Deposits
Advances from
Deposits
Railroad
Retire
ment
accounts
1/
12/
12/
12/
12/
39,630
3,052
3,067
2,917
2,605
2,561
2,564
2,582
3,226
4,634
2,589
615
561
597
601
633
770
964
1,011
1,297
7,486 13/
6,756 12/
5,264
4,600
1,454
1,265
139
679
58
77
137
11
8
19
1974-Ja n
Feb......
Mar......
Apr......
May.......
June.....
July.....
Aug......
Sept.....
234
846
331
247
801
105
573
2,216
253 12/
420
1,405
70
124
475
63
376
1,840
71
120
279
12
175
339
-71
7
20
1
10
17
292
1,159
28
126
201
7
3
25
Fiscal year 1975
to date......
1,895
1,479
333
28
1936-64.......
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1974
1975 (Est.)....
1973-Oc t
Nov......
Dec......
50,257
4,132
4,126
4,072
3,822
3,899
4,119
4,371
5,498
6,725
10/
833 11/
573
146
-9
2,105
143
139
137
131
126
123
119
112
113
Railroad
Retire
ment
Accounts
8/_____
490
58
41
29
35
47
45
51
60
35
General
fund
Railroad
Retire
ment
board
53
10
9
9
9
8
8
8
7
7
7
7
111
103
Interest
and
profits
on
invest
ments
4,090
255
309
384
442
523
604
637
496
487
650
775
17
21
241
2
40
9
21
27
230
2
42
52
Expenditures other than investments
E
f
f
l
P
l
g
y
f
f
l
e
n
L
S
e
s
i
f
f
i
'
t
e
yF
r
.
g
g
r
a
m
Fiscal year
or month
Total
State
accounts
1/
Withdrawls
by
States
1,592
399
477
540
552
588
624
756
776
814
832
845
70
112
30
14
9
10
11
12
13
25
43
25
57
76
54
64
79
63
61
73
85
13
648
664
708
662
623
597 17/
302
281
360
565
569
629
592
541
455
597 18/
593
540
496
501
435
24
15
8
43*397 32/
3,130
2,678
2,755 12/
2,830
2,865
3,634
6,216
6,984
5,433
6,158 17/
7,166
1973-Oc t
Nov........
Dec........
1974-Ja n
Feb........
Mar........
Apr........
May........
June.......
379
364
Fiscal year 1975
to date........
420
1,730
Footnotes at end of table.
Grants
to
States
Payments to general fund
Interest
Reimburse
on ad
vances and
ments and
refunds
recoveries
36,973
2,390
1,974
2,001
2,074
2,061
2,793
5,299
5,987
4,405
5,139
6,126
1936-64.........
196 5
196 6
.N......
196 7
196 8
196 9
197 0
*___
197 1
197 2
197 3
......
1974
1975 (Est.)...-...
July....... /
Aug........
Sept.......
Employment Security Administration Account 2/
1,432
47
10
9
9
1
13
2
2
4
4
4
5
2
1
Salaries
and
expense
42
13
17
18
18
21
18
26
25
27
27
29
2
2
2
2
2
2
2
2
3
2
2
2
Federal Extended Compensation Account 5/
Temporary
extended
compen
sation
payments
768
Repay
ment of
advances
from
general
fund
Reim
bursement
to State
accounts
1/
792
46
65
November 1974
141
FINANCIAL O PERATIONS OF G O V E R N M E N T AGENCIES A N D
FUNDS.
Section III - Trust Funds
Table GA-III-7. - Unemployment Trust Fund—Continued
(In millions of dollars)
Expenditures other than investments - (Continued)
Assets, end of period
Railroad unemployment insurance
Adminis
tration
fund
2/
Railroad Unemployment Insurance Account 6/
Fiscal year
or month
Repayment of advances to Benefit
Payments
1936-64..........
1965.............
1966 .............
1967.............
1968.............
1969.............'
1970.............
1971.............
1972.............
1973.............
1974 ............
1975 (Est.).......
1973 - Oct.........
1974-Jan.........
Feb.........
Mar..........
Apr.........
May.........
July.........
Sept.........
Temporary
extended
benefit
payments
Railroad
Retirement
Accounts
yj
211
4
4
4
19
*
_
-
12
-
“
2 ,6 8 8
115
88
71
76
97
93
95
120
73
50
67
4
4
3
6
5
4
5
5
3
90
92
100
92
78
84
87
62
81
9
-
Administra•tive
expenses
General
fund
19
—
_
_
-
6,860
8
1 ,002
7
1,439
6
1 ,3 1 8
7
992
1,034
485
-1,844
-1 ,4 8 6
1,293
7
8
7
7
Fiscal year 1975
—
Source: See Table FFO-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 the Federal Extended Compensation
Account.
2/ Established by the Employment Security Act of I960, approved September
13, I960 (42 U.S.C. 1101 (a)), into which 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 tax refunds. Receipts consist of appropriated and un
appropriated transfers of tax collections.
2/ Net of repayments.
ij Amounts represent excess of collections from Federal Unemployment tax
over expenditures for benefits and administrative expenses which excess
was appropriated from the general fund to this account. (Includes
amounts appropriated to the State Unemployment Accounts). Beginning
1961, such excess is transferred between book accounts within the
Unemployment Trust Fund.
5/ Extended unemployment compensation benefits under the employment
security amendments of 1970 (P.L. 91-373) and the amendments to the
Social Security Act (P.L. 92-224).
6/ For payment of benefits and refunds (45 U.S.C. 360). Figures exclude
interim advance of $15 million from the Treasury and subsequent repay
ment, both in 1940.
2/ Contributions under the Railroad Unemployment Insurance Act of 1938,
as amended (45 U.S.C. 360 (a)), in excess of the amount specified for
administrative expenses. Through 1957, also includes transfers from
The administration fund of excess amounts over the specified balance
(45 U.S.C. 361 (d)).
8/ Temporary advances are made when the balance in the Railroad Unemploy
ment Insurance Account is insufficient to meet payments of benefits
and refunds due or to become due. Whenever the balance is sufficient
55
6
6
1
2/
10/
11/
12/
13/
1U
15/
16/
17/
18/
*
Net
increase
or
decrease
(-), in
assets
8
1 ,3 2 8
-4 1 0
1
1
1
-145
483
-89
*
*
*
-4 0 2
Total
Invest
ments
6,867 12/
7,870
9,308
10,626
11,618
12,652
13,137
11,293
9,807
11,099
6,827
7,794
9,262
10,531
11,563
12*587
13,008
11,241
9,813
10,957
Unexpended
balance
40 16 /
76
47
95
55
65
129
52
-6
143
306
165
358
330
334
459
1 2,428
12,121
11,579
11,384
11,894
11,801
1
1
1
*
-*
137
-603
-89
1,593
-344
-177
812
-470
11,745
11,741
12,224
12,135
11,733
11,870
11,267
11,178
12,772
12,428
12,251
13,063
12,593
11,853
12,798
12,290
398
265
303
2
165
12,593
12,290
303
1
11,274
11,542
10,904
10,479
12,194
12,121
328
363
699
578
306
to pay such benefits and refunds, repayments are made, plus interest
at 3$ 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, $6 million FY 1973, and $5 million FY 1974 from Railroad Re
tirement Unemployment Insurance Account. The estimate includes $5
million for FY 1975.
Begiiming 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.
Includes payment of $50 million from the extended unemployment account
to the general fund.
Includes for first quarter $230,000,000.00 for transfers to the
Department of Labor for grants to states. *
Less than $500,000.
142
Treasury Bulletin
jj-TKATJPTAT. OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III -ITrust Funds
Table GA-III-8. - National Service Life Insurance Fund
(In millions of dollars)
Receipts
Premiums and
other receipts
Transfers from Interest and
general and
profits on
special funds investments
Fiscal year
or month
Total
1941-64.........
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974 .........
1975 (Est.).....
18,899
662
693
693
693
708
711
744
773
798
808
837
- 10,83>4
473
497
487
476
478
463
470
478
487
468
461
4,753
7
5
6
5
6
3
3
2
2
2
2
3,312
182
191
200
211
225
245
271
292
309
338
374
42
38
189
45
50
40
38
43
199
43
43
36
40
38
32
43
44
40
37
43
37
42
37
36
*
*
*
*
*
*
*
*
*
*
*
*
1
*
157
2
6
*
1
*
162
2
6
*
123
114
*
8
1973-Oct.......
Nov.......
Dec.......
1974-Jan.......
Feb.......
Mar......
Apr.......
May.......
June......
July......
Aug.......
Sept......
‘Fiscal year 1975
to date.........
j
Source:
See Table FFO-1.
Note:
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 720).
Expenditures other
than investments
(benefits, net lending
refunds, and
dividends)
Assets, end of period
Met increase
Dr decrease
(-), in
assets
Total
Invest
ments
Unexpended
balance
5,797
117
208
-36
147
82
26
82
53
279
186
214
5,797
5,914
6,122
6,086
6,233
6,315
6,341
6,423
6,476
6,755
6,941
7,178
5,783
5,909
6,113
6,079
6,228
6,301
6,320
6,403
6,465
6,737
6,915
y;i6i
14
5
9
7
4
13
21
20
11
18
25
17
53
42
46
63
45
58
57
54
48
59
50
51
-11
-4
143
-17
5
-18
-19
-10
151
-16
-7
-14
6,710
6,706
6,849
6,832
6,837
6,819
6,800
6,790
6,9a
6,925
6,918
6,904
6;696
6,692
6,834
6,824
6,821
6,806
6,788
6,779
6,915
6,915
6,907
6,886
14
14
15
7
16
13
13
11
25
10
11
18
160
-37
___________ -
6,904
6,886
18
13,102
545
485
729 1/
546 1/
627
685
661
720
519
623
623
1/ Excludes transactions for investments in non-Federal securities.
* Less than $500,000.
143
November 1974
______ FINANCIAL OPERATION OF GOVERNM ENT AGENCIES AND FUNDS--------Section III - Trust Funds
Table GA-III-9. - Investments of Specified Trust Accounts in Public Debt Securities
and Agency Securities by Issues, as of September 30, 1974
Issue
date
Description of securities
Public debt securities:
Public issues:
Notes:
5/15/75
6%
_
2/15/76-A
6-1/4
5/15/76
6-1/2
7-1/2
8/15/76
8
2/15/77
8/15/77-B
7-3/4
2/15/78
6-1/4
5-7/8
8/15/75
_
7
11/15/75
11/15/78
6
_
8/15/79
6-1/4
_
7
12/31/75
_
2/15/81
7
_
8/15/80
9
8/15/78
8-3/4
Bonds:
_
8-1/2
5/15/94-99
_
5/15/75-85
4-1/4
6/15/78-83
3-1/4
11/15/80
3-1/2
3-3/4
5/15/85
8/15/87-92
4-1/4
2/15/88-93
4
_
4-1/8
5/15/89-94
2/15/90
3-1/2
2/15/95
3
2-3/4 (Investment Series B) 4/1/75-80
8/15/81
7
11/15/86
6-1/8
6-3/8
8/15/84
7-1/2
8/15/88-93
11/15/98
3-1/2
2/15/80
4
Total public issues..
Special issues:
Certificates:
6-1/2
6/30/75
8
6/30/75
_
8-1/2
6/30/75
8-1/8
6/30/75
8-1/8
6/30/75
_
8-1/8
6/30/75
_
8
6/30/75
6/30/75
6-3/4
6/30/75
8-5/8
8-3/8
6/30/75
8
6/30/81
Notes:
6/30/79
5-3/4#
_
6-1/2
6/30/76
7-5/8
6/30/77
_
6/30/78
6-1/8
6/30/80
6-5/8
6/30/80
6-3/4
Bonds
6/30/81 to 89
7-5/8#
6/30/78 to 80
4-3/8
6/30/79 and 80
4-1/8
Total special issues.
Agency securities:
Participation certificates:
_
5.20#
1/19/77
_
1/19/82
5.20
5.10
4/6/87
12/11/87
6.40
6.05
2A/88
_
4/8/88
6.45
8/12/88
6.20
Total participation certificates........
from
from
from
from
from
from
from
from
from
from
Total.............
Source:
Bureau of Government Financial Operations.
(In millions of dollars)
Federal Old-Age Federal
and Survivors
Disability
Insurance
Insurance
Trust fund
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
Railroad
Retirement
Accounts
Unemployment
Trust Fund
6/15/68
2/15/69
5/15/69
10/1/76
1/15/77
8/15/70
2/15/71
2/15/71
8/15/71
11/15/71
8/15/72
11/15/73
2/15/74
8/15/74
5/15/74
17
5
22
91
15
50
*
-
4
_
26
10
14
2
2
-
_
_
_
_
_
-
_
_
_
_
_
_
-
7
51
_
89
35
86
9
34
21
- _
_
-
3
19
1
37
134
51
51
2
10
139
438
9
127
45
3
5/15/74
4/5/60
5/1/53
10/3/60
6/3/58
8/15/62
1/17/63
4/18/64
2/14/58
2/15/55
4/1/51
8/15/71
11/15/71
8/15/72
8/15/73
10/3/60
6
78
60
449
26
33
91
556
70
1,065
50
_
32
100
552
153
3,522
21
81
68
11
_
15
27
5
30
315
_
_
_
-
_
_
_
_
-
47
_
6
7
14
6
13
39
3
_
_
20
150
32
126
-
-
793
_
33
53
53
14
106
18
174
113
745
100
_
_
43
106
2,627
6/30/74
6/30/74
8/1/74
9/27/74
9/4/74
9/3/74
8/1/74
9/1/74
9/3/74
7/1/74
6/30/74
_
4,229
1,178
-
_
_
_
638
-
_
_
200
_
465
_
-
_
_
.
.
188
_
-
_
_
95
2
1,144
80
_
_
-
6/30/72
6/30/69
6/30/70
6/30/71
6/30/73
6/30/73
3,103
3,845
5,033
3,469
4,547
-
1,059
1,152
1,394
1,284
943
-
538
_
368
931
2,159
-
232
_
129
282
-
797
_
190
_
1,008
_
_
_
-
6/30/74
6/30/64
6/30/64
6,101
2,561
34,066
1,095
237
7,802
3,651
8,312
3,273
9,663
1/19/67
1/19/67
4/5/67
12/11/67
1/30/68
4/8/68
8/12/68
100
50
75
65
35
230
555
_
_
_
_
_
-
_
50
_
_
50
_
_
_
_
_
-
50
_
_
_
_
50
_
_
_
_
_
_
-
38,143
8,117
8,362
1,388
4,115
12,290
558
1,388
_ _ _ _ _
9,583
21
16
_
-
_
_
_
Treasury Bulletin
144
.CU M U LATIV E T A B L E OF C O N T E N T S.
December 1973 through November 1974
Issues and page numbers
Sections
Article:
Treasury financing operations.....................
Federal fiscal operations:
Summary of fiscal operations.... *................
Budget receipts by source........................
Chart - budget receipts by source.................
Budget outlays by agency.........................
Undistributed intrabudgetary transactions...........
Budget outlays by 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..........
Selected accrual data reported by Federal agencies....
Detail of excise tax receipts............. .......
Accountability of the Account of the U.S. Treasuiy on
an accounting basis...........................
Summary of internal revenue collections by State,
and other areas..............................
Federal obligations.............................
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury...... .
Analysis of changes in tax and loan account balance...
Summary of cash transactions through the Account of
the U.S. Treasury...........................
Gold assets and liabilities of the Treasury........
Monetary statistics:
Money in circulation............................
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................
Government account series........................
Interest-bearing securities issued by Government
agencies....................................
Participation certificates....................... 1
Debt subject to statutory limitation...............
Status and application of statutory limitation.......
Treasury holdings of securities issued by Government
corporations and other agencies.................
1973
1974
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
V
VI
VI
V
VI
V
V
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
9
10
9
10
9
10
9
10
9
10
9
10
9
10
11
11
11
13
...
11
13
...
13
11
13
...
11
...
...
...
16
...
14
...
15
15
17
...
15
...
13
22
23
17
18
18
19
20
21
18
19
24
24
19
19
20
20
22
22
25
20
21
26
21
26
27
July
Aug.
Sept.
Oct.
Nov.
V
V
V
1
2
4
5
6
7
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
9
10
9
10
10
11
10
11
10
11
11
...
13
11
13
...
11
•••
•♦•
...
...
...
...
16
...
14
14
14
15
22
23
15
16
20
20
16
16
24
24
23
21
17
22
24
22
21
22
22
23
24
25
27
28
22
23
23
24
29
30
30
32
24
25
26
27
33
*12
•••
13
•••
13
...
15
...
15
17
18
16
17
18
19
18
19
17
17
19
19
18
18
20
20
20
20
25
18
20
19
21
21
18
26
19
21
20
22
22
22
23
18
19
26
27
19
20
21
22
20
21
22
23
22
23
25
26
23
24
19
20
27
28
20
21
22
23
21
22
23
24
23
24
25
26
27
28
27
28
29
30
25
26
27
28
21
22
23
24
29
30
31
32
22
23
24
25
24
25
26
27
23
24
25
26
25
26
27
28
25
26
27
28
28
29
31
29
25
33
26
28
27
29
29
34
35
29
30
30
31
32
33
30
31
26
27
34
35
27
28
29
30
28
29
30
31
30
31
35
30
34
36
34
30
38
31
33
32
34
37
38
39
38
34
42
35
37
36
38
39
40
42
44
42
38
46
39
a
40
42
43
46
1
i
1
1
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Offerings of Treasury bills......................
New money financing through regular weekly Treasury
bills......................................
Offerings of public marketable securities other than
regular weekly Treasury bills...................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations...
Allotments by investor classes on subscription for
public marketable securities....................
Disposition of public marketable securities other
than regular weekly Treasury bills...............
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.........
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries...................................
United States savings bonds:
Sale and redemption by series, cumulative...........
Sale and redemption by periods, all series
combined....................................
Sales and redemption 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............
45
■
1
47
42
44
47
45
a
49
42
44
43
45
50
45
47
50
48
44
52
45
47
46
48
49
55
49
52
55
53
49
57
50
52
51
53
54
62
57
59
63
61
57
66
59
61
61
63
64
65
60
62
66
64
60
69
62
64
64
66
67
65
66
68
60
61
63
62
63
65
66
67
69
64
65
67
60
61
63
69
70
72
62
63
65
64
65
67
64
65
67
66
67
69
67
68
70
*70
...
...
...
*68
...
...
66
...
i
68
64
145
November 1974
.^.CUM ULATIVE TABLE OF CONTENTS
December 1973 through November 1974—Continued
Issues and page numbers
1973
United States savings notes:
Sales and redemptions by periods..................
1974
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
69
64
67
71
68
65
70
71
72
65
66
67
68
69
70
78
72
73
74
69
70
71
...
66
67
68
75
77
84
86
82
84
79
81
76
78
84
86
77
79
July
Aug.
Sept.
Oct.
Nov.
73
66
69
69
70
71
74
75
76
67
68
69
70
71
72
80
70
71
72
71
72
• •.
73
...
72
73
74
86
88
' 79
81
80
82
Ownership of Federal securities:
Distribution by classes of investors and types of
issues.....................................
Estimated ownership by private investors............
Treasury survey of ownership.......................
Treasury survey-commercial bank ownership............
Market quotations on Treasury securities:
End-of-month closing quotations...................
Chart - yields of Treasury securities..............
80
82
Average yields of Ions-term bonds:
Average yields of long-term Treasury, corporate and
municipal bonds...............................
Chart - average yields of long-term Treasury,
corporate and municiapl bonds....................
83
78
87
85
82
79
87
80
89
82
83
85
84
79
88
86
83
80
88
81
90
83
84
86
...
85
86
...
...
...
...
82
84
Exchange Stabilization Fund:
Balance sheet.................................
Income and expense.............................
...
80
81
...
...
85
...
National bank reports:
Income, expenses, and dividends for calendar year 1971
...
...
...
...
...
...
89
...
...
85
82
89
87
86
81
90
84
91
84
87
87
86
83
90
88
87
82
91
85
92
85
88
88
87
84
91
89
88
83
92
86
93
86
89
89
88
89
85
86
92
93
90
91
89
90
84
85
93
94
87
88
94
95
87
88
90
91
90
91
90
...
87
...
94
...
92
...
91
...
86
...
95
96
89
90
96
97
89
90
92
93
92
93
90
97
95
94
89
99
93
100
93
96
96
98
105
103
102
97
107
101
108
101
104
104
104
International financial statistics:
U.S. reserve assets........................ ....
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners............. .................
U.S. liquid and other liabilities to official
institutions of foreign countries by area..........
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries.......
U.S. position in the International Monetary Fund.....
U.S. net monetary gold transactions with foreign
countries and international and regional organi
zations.....................................
Weighted-Average of Exchange Rate Changes for the Dollar.
84
...
82
83
...
Capital movements
Liabilities to foreigners reported by banks in the
United States................................
93
Claims on foreigners reported by banks in the United
States...................................... 101
Liabilities to foreigners reported by nonbanking
concerns in the United States.................... 107
Claims on foreigners reported by nonbanking concerns
in the United States........................... 111
Transactions in long-term securities by foreigners re
ported by banks and brokers in the United States..... 117
Foreign credit and debit balances in brokerage accounts. 126
111
109
108
103
113
107
114
107
110
110
108
115
113
112
107
117
111
118
111
114
114
114
123
121
130
119
128
118
127
113
122
123
132
117
126
124
133
117
126
120
129
120
129
Foreign currencies acquired by the U.S. Government
without payment of dollars:
Foreign currency transactions, summary and country uses.
Foreign currency transactions, U.S.uses and trust funds.
...
...
...
130
131
...
...
...
...
...
...
132
133
126
•••
133
•••
133
•••
125
198
...
159
160
130
...
164
165
151
•••
134
135
128
•••
135
...
...
152
153
154
155
156
157
158
159
160
...
Financial operations of Government agencies and funds*
Government corporations and other business-type
activities:
Statements of financial condition.................
Statements of income and retained earnings......... •••
Federal credit programs*.
Direct sales and repurchases of loans............
128
Direct and guaranteed loans outstanding........... 1 ...
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....................
Unemployment Trust Fund........................
National Service Life Insurance Fund.... .........
Investments of specified trust accounts...........
167
168
169
170
171
172
173
174
175
...
...
136
137
138
139
140
140
141
143
144
128
...
•••
• •♦
•♦•
•••
...
131
132
...
!!!
...
134
•••
135
136
137
138
139
139
140
142
143
☆ U .S. GOVERNMENT PRINTING OFFICE: 1974-584-066/5
@FedFRASER