Full text of Treasury Bulletin : November 1981
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DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
OFFICE OF THE COMMISSIONER
WASHINGTON,
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS SB3
-
D.C. 20226
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE, S300
FIRST CLASS
Take
in^mcnca.
Buy U. S. Savings Bonds
T
Of
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Vff
Treasury Bulletin
DEPARTMENT OF THE TREASURY
OFnCE OF THE SECRETARY
WASHINGTON, D.C.
The Treasury BuUelin is for sale by the Superinlendent of Documents,
U.S. Government PrinUng Office, Washington, D.C. 20402
Subscription per year $55.00 domestic, $68.75 foreign.
Single copy price ($4.75 domestic, $5.95 foreign.)
November 1981
CONTENTS
Page
Treasury Financing Operations
DHITED STATES SAVIHGS BONDS
Ill
SB-
FEDERAL FISCAL OPERATIONS
I.
S8-2.
FFO-I.
FFO-2.
Summary of Fiscal Operations.
Budget Receipts by Source
Chart
Budget Receipts by Source
5
FFO-3.
Budget Outlays by Agency
6
FFO-4.
Undistributed Offsetting Receipts
ft
FFO-5.
Budget Outlays by Function......
Q
FFO-6,
Investment Transactions Accounts
In Federal Securities (Net)
U
FFO-7,
Trust Funds Transactions
12
I
SB-3.
3
Sales and Redemptions by Series
,
Cumulative.
,
Sales and Redemptions by Periods, All Series
Combined
Sales and Redemptions by Periods, Series
E through K
SB-4,
Redemptions of Matured and Unmatured
Savings Bonds
S8-6.
Sale
by States,
Series EE and HH Combined...
4 ft
4ft
49
5]
52
DHITED STATES SAVINGS NOTES
Sales and Redemptions by Periods
53
OWNERSHIP OF FEDERAL SECURITIES
FEDERAL OBLIGATIONS
FO-1.
Gross Obligations Incurred Within and Outside
the Federal Oovernment by Object Class
Fa-2.
Gross Obligations Incurred Outside the
Federal Government by Department
or Agency
FO-3.
Gross Obligations Incurred Outside the
Federal Government, Comparative Statement
by Month
OFS-I.
Distribution of Federal Securities
54
OFS-2.
Estimated Ownership of Public Debt
Securities
55
TREASORY SURVEY OF OWNERSHIP
Suimaary of Federal
TSO-2.
Interest-Bearing Marketable Public Debt
Securities by Type and Maturity Distribution
ACCOUNT OF THE D.S. TREASORY
UST-1.
Status of the Account of the U.S.
UST-2,
Elements of Changes in Federal Reserve
and Tax and Loan Account Balances
1ft
Gold Assets and Liabilities of the
Treasury
19
Treasury
UST-3.
17
56
57
Interest-Bearing Marketable Public
Debt Securities by Issue
57
TSO-4.
Securities Issued by Government Agencies
f>0
TSO-5.
Securities Issued by Government -Sponsored
Agencies and Farmers Home Administration....
60
MARKET QUOTATIONS ON TREASURY SECURITIES
MORETARY STATISTICS
Currency and Coin In Circulation
Securities
TSO-1.
20
FEDERAL DEBT
MO-1.
Treasury Bills
MO- 2.
Treasury Notes
61
Mr>-3.
Treasury Bonds
63
Chart
Yields of Treasury Securities
64
61
PI>-1.
Summary of Federal Debt
21
FD-2.
Computed Interest Charge and Computed
Interest Rate on Interest -Bearing
Public Debt
21
FD-3.
Interest-Bearing Public Debt
22
FD-4,
Government Account Series
23
FD-5,
Interest-Bearing Securities Issued
by Government Agencies
24
FD-6.
Participation Certificates
25
PD-7,
Maturity Distribution and Average Length
of Marketable Interest-Bearing
Public Debt
26
FIK8.
Debt Subject to Statutory Limitation
26
FD-9<
Status and Application of Statutory
Limitation
IFS-I.
U.S. Reserve Assets
67
27
IFS-2.
Selected U.S. Liabilities to Foreigners
68
Treasury Holdings of Securities
2ft
IFS-3.
U.S. Liabilities to Official Institutions of
Foreign Countries by Area
6*»
IFS-4.
Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions and
other Residents of Foreign Countries
70
TFS-5.
U.S. Position In the International
Monetary Fund
71
IFS-6.
Weighted Average of Exchange Rate
Changes for the Dollar
72
AVERAGE YIELDS OF LONG-TERM BCMDS
AY-1,
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds
65
Chart
Average Yields of Long-Term Treasury,
Corporate, and Municipal Bonds
66
INTERNATIOMAL FIHAHCIAL STATISTICS
POBLIC DEBT OPERATIONS
Maturity Schedule of Interest-Bearing
Marketable Public Debt Securities
30
PDO-2.
Offerings of Bills
31
PtX>-3.
New Money Financing through Regular
Weekly Treasury Bills
33
PDO-4.
Offerings of Public Marketable Securities.,..
35
PDO-5.
Unmatured Marketable Securities Issued
at a Premium or Discount
3ft
PDO-6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities.
42
CAPITAL HUVHMKNTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
PDO-7.
Disposition of Public Marketable
Securities
44
PDO-8.
Foreign Series Securities
45
PDO-9.
Foreign Currency Series Securities Issued to
Residents of Foreign Countries
47
CM-I-1.
- Total
CM-I-2.
- Total
Liabilities by Type of Holder
Liabilities by Type, Payable
In Dollars - Part A
75
76
,
Treasury Bulletin
7/
CONTENTS
Page
CM-I-2.
- Total
LlabiUcles
national and Regional Organizations by Type
Payable in Dollars - Part B
CM-1-3.
- Total
CM-I-A,
- Total
Liabilities by Country
Liabilities by Type and Country
78
- Weekly Bank Positions
105
FCP-n-3.
-
106
Nonbanking Firms' Positions
105
79
Consolidated Monthly Bank Positions
FRENCH FRANC POSITIONS
FCP-III-1. - Nonbanking Firms* Positions
107
80
FCP-III-2. - Weekly Bank Positions
107
Total Claims by Type (New Series)
RO
FCP-III-3. - Consolidated Monthly Bank Positions
108
CM-II-2.
-
- Total Claims by Country
CM-II-4.
- Total Claims
by Type and Country
Reported by Banks in the U.S
CM-II-5.
- Banks'
CM-II-6.
-
Banks' Own Claims by Type and
CM-II-7.
-
Domestic Customers' Claims by Type
Own Claims by Type
Country Payable in Dollars
82
83
Dollar Claims on Nonbanking Foreigners
-
Nonbanking Firms' Positions
109
-
Weekly Bank Positions
109
FCP-IV-3.
-
Consolidated Monthly Bank Positions
110
8A
85
Nonbanking Firms' Positions
FCP-V-1.
-
FCP-V-2.
- Weekly Bank Positions
Ill
Ill
JAPANESE YEN POSITIONS
on. Foreigners in Countries and Area Not
Regularly Reported Separately
FCP-IV-1.
FCP-IV-2,
ITALIAN LIRA POSITIONS
Llabilltlea Co, and Dollar Claims
- Dollar
GERMAN MARK POSITIONS
81
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA
REPORTED BY BANKS - U.S.
CM-Iir-2.
-
FCP-II-2.
Claims by Type (Old Series)
- Total
CM-II-3.
CM-IlI-1.
PCP-II-I,
77
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE
UNITED STATES
CM-II-I.
Page
CANADIAN DOLLAR POSITIONS
to Nonmonetary Inter-
86
87
FCP-VI-1.
-
Nonbanking Firms' Positions
FCP-VI-2.
-
Weekly Bank Positions
112
FCP-VI-3.
-
Consolidated Monthly Bank Positions
113
112
SWISS FRANC POSITIONS
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING
BUSINESS ENTERPRISES IN THE UNITED STATES
FCP-VII-1. - Nonbanking Firms' Positions
114
CM-IV-1.
- Total
Liabilities by Type
88
FCP-VII-2. - Weekly Bank Positions
114
CM-IV-2.
- Total
Liabilities by Country
S<)
FCP-VII-3. - Consolidated Monthly Bank Positions
115
CM-IV-3.
- Total Liabilities by Type of Country
90
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING
BUSINESS ENTERPRISES IN THE UNITED STATES
CM-V-1.
- Total Claims, by Type
91
CM-V-2.
- Total Claims,
92
by Country
- Total Claims, by Type and Country
CM-V-3.
STERLING POSITIONS
FCP-VIII-1
.-
Nonbanking Firms' Positions
116
FCP-VIII-2
,-
Weekly Bank Positions
116
FCP-VIII-3
.-
Consolidated Monthly Bank Positions
117
UNITED STATES DOLLAR POSITIONS ABROAD
93
-
Nonbanking Firms' Foreign Subsidiaries'
Positions
118
FCP-IX-2.
-
Weekly Bank Foreign Office Positions
118
FCP-IX-3.
-
Monthly Bank Foreign Office Positions
119
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-VI-1.
-
CM-VI-2.
- Foreign Purchases and Sales of Long-Term
CM~VI-3.
- Net
CM-VI-4.
-
CM-VI-5.
- Net
CM-VI-6.
- Net
CM-Vl-7.
CM-Vl-8.
Foreign Purchases and Sales of Long-Term
Domestic Securities
^l*
Foreign Securities.
94
Foreign Transactions in Marketable
U.S. Treasury Bonds and Notes by Country....
95
Estimated Foreign Holdings of Marketable
U.S. Treasury Bonds and Notes by Country....
96
Foreign Transactions in Long-Term
Domestic Bonds
..•••••*••••*•«•
FINANCIAL OPERATIONS OP GOVERNMENT AGENCIES AND PONDS
FEDERAL CREDIT PROGRAMS
97
GA-II-1.
Foreign Transactions in Domestic
Stocks by Country
98
Foreign Transactions in Long-Terra
Foreign Bonds by Country
99
-
Direct Sales and Repurchases of Loans
TRDST PDNDS
- Net
Foreign Transactions in Foreign
Stocks by Country
GA-III-1.
- Net
CM-VI-9.
- Foreign
CM-VI-IO.
-
Purchases and Sales of LongTerm Securities, Latest Date
Foreign Purchases and Sales of Long-Term
Securities, Latest Year
102
FCP-I-2.
- Weekly Bank Positions
FCP-I-3.
-
Positions
Monthly Bank Positions
lOA
104
104
Service Retirement and Disability
122
Fund
Old-Age and Survivors Insurance
Trust Fund
123
-
Federal Disability Insurance Trust Fund
124
Federal Hospital Insurance Trust Fund
126
GA-III-2.
- Federal
GA-III-3.
101
SUMMARY POSITIONS
- Nonbanking Firms'
- Civil
100
FOREIGN CURRENCY POSITIONS
FCP-I-1.
GA-III-4,
-
GA-III-5.
- Federal
GA-III-6.
- Railroad
Supplementary Medical
Insurance Trust Fund
Retirement Accounts
Unemployment Trust Fund
GA-III-7.
-
GA-III-8.
- National Service Life Insurance Fund
GA-III-9.
-
Investments of Specified Trust Accounts
in Public Debt Securities and
Agency Securities
Cumulative Table of Contents
Note:
121
Details of figures may not add to totals because of rounding.
127
128
129
131
132
133
III
November 1981
.TREASURY FINANCING OPERATIONS.
price from Government accounts and Federal Reserve banks for their own
Auction of 2-Year Notes
On October 14 the Treasury announced that it would auction S4 750
account In exchange for maturing securities, and S225 million of tenders
,
million
2-year
of
notes
refund
to
million
$3,851
The notes offered
October 31, 1981, and to raise S899 million new cash.
October 31,
which
to
as
rate of
A coupon
each year until maturity.
for foreign and International monetary authorities for new cash.
tenders were accepted on a yield auction basis.
as
to which
15-1/2Z was set after the
of
2006-11 will be dated November
on
auction
yield
a
31
The bonds
due November 15, 2011, with
1981.
16,
Interest payable semiannually on May 15 and November 15 until maturity.
basis.
Tenders for the bonds were received until 1:30 p.m. EST, November
Tenders for the notes were received until 1:30 p.m.. RDST, October
21
coupon rate of 14T was set on the bonds after the determination
A
in
accepted
were
tenders
were accepted at the average price from Federal Reserve banks as agents
1981, due
2.
30 and October
with Interest payable on April
1983.
determination
November
to be dated
were Treasury Notes of Series W-l<)83,
maturing
notes
of
and totaled S10,479 million,
ranging
yields
Noncompetitive
accepted
Competitive
yield
accepted
In
to
15.59%,
full
at
the
The $4,750 million of accepted
rallllon.
million at
Investors
tenders also
of
million.
totaled
S2,42^
51,820 rallllon.
Included
51 ,079
price
100. lAl.
price
the
million
<!3,00l
price
totaled
S181
totaled
Investors
accepted
tenders
5
at
average
the
at
These
private
of
accepted
14.24%,
to
full
In
99.303.
from
accepted
the
In
the average
tenders were accepted at
S322 million of
auction process,
up
were accepted
14.10%.
tenders
to
addition
In
$2,001
tenders
tenders,
Competitive
$1,245 rallllon.
banks as agents for
Reserve
average price from Federal
the
price
average yield of
These totaled
private
from
accepted
tenders
Noncompetitive
up
million was
which
of
13.98"^,
98.342.
price 99.900.
15. 56?,,
from
yields,
99.851.
99.950,
were accepted
tenders
tenders,
ranging
of which ?A,750 million was accepted at
price
from 15.53^.
S3.0R3 million,
totaled
and
foreign and International monetary authorities in exchange for maturing
price from Government accounts and Federal Reserve banks for their own
securl ties.
account In exchange for maturing securities.
addition
In
million
$4,750
the
to
accepted
tenders
of
auction process, $606 million of tenders were accepted at
price from Government accounts and Federal Reserve banks
the
In
average
the
their own
for
Payment for accepted tenders in all three auctions was required to
completed
be
November
before
or
on
maturing
cash,
In
1981,
16,
securities, or other funds Immediately available to the Treasury.
account In exchange for maturing securities, and 5140 million of tenders
for foreign and international monetary authorities for new cash.
Tenders were received at Federal Reserve banks and branches and at
the Bureau of
Public Debt, Washington,
the
Bearer and registered
D.C.
notes were authorized to be Issued In denominations of 55,000, -510.000,
received
Tenders were
were accepted at the average price from Federal Reserve banks as agents
branches
and
all
In
of
auctions
the
Reserve
Federal
at
Bureau of the Public Debt, Washington,
the
banks
and
D.C.
Bearer and registered notes and bonds were authorized to be issued
In
denominations of
Issues
the
for
at
$10,000.
55,000.
Si, 000.
and
notes
10-year
of
$100,000,
bonds,
and SI, 000. 000
$10,000,
$5,000,
and
SlOn.OOO, and $1,000,000 for the Issue of 3-year notes.
$100,000, and $1,000,000.
52-Week Bills
November Quarterly Financing
On October 23 tenders were Invited for approximately $5,000 million
October
On
Treasury announced
the
28
that
would
It
sell
the
to
of
public at auction, under competitive and noncompetitive bidding, up to
November 4,
$4,500 million of 3-year noter of Series M-1984, $2,250 million of 10-
bills
year
of
notes
2006-11
30-year
bonds of
$4,977 million of publlcly-held Treasury securities
refund
to
$2,000 million of
and
C-1991,
Series
maturing November 15, and to raise $3,800 million new cash.
coupon
A
rate
due November
Series
of
Tenders
for
the
November
EST,
notes
H-1984
were accepted on a yield
Series H-1984 will be dated November
16,
totaled
which
of
million,
S9,437
S4.502
the
Noncompetitive tenders were accepted in full at
price 99.799.
average
totaled
yield
investors
accepted
of
$3,132
totaled
tenders,
addition,
In
rallllon.
price
average
allotted at
the
agents
foreign and
interna t lonal monetary
for
to
million
S233
Federal
notes were
from
accepted
tenders
These
99.870.
price
14.435!,
Competitive
million.
$1,137
addition
to
They
29.
as
agents
and
foreign
for
international
cash.
million
$277
of
of
The
authorities.
monetary
Issues of regular weekly Treasury bills In October totaled $45,400
private
the
of
Reserve banks
These
million.
cash.
In
Issues were to refund bills maturing in the amount of
million
S41,275
approximately
and
million
$4,502
million
$4,125
new
and one Issue of $4,700 million.
In the 26-week series, there were four
Issues of S4,500 million and one Issue of $4,700 million.
Average rates
for the new issues are shown In the following table.
as
in exchange
authorities
accepted
tenders
of
about
raise
to
there were four Issues of $4,500 million
13-week series,
the
Annual average rate
(bank discount basis)
Date of Issue
the
new
$9,097 million,
Including
accepted,
was
million
$1,025
totaled
average bank discount rate was 13.159%.
for maturing securities.
In
million
'^5,001
about
raise
and
Issued at the average price to Federal Reserve banks for themselves and
2:30
until
million was accepted at yields ranging from 14.36?, price 100.036, up to
14.46X,
5
October
on
1981, and to mature
13-Week and 26-Week Bills
received
M-1984 were
Series
of
and
2.
which
opened
were
5,
refund $3,963 million of 364-day
to
noncompetitive tenders from the public and 51,290 million of the bills
November 15 until maturity.
15 and
p.m.,
notes
the
tenders
November
maturing
Tenders
issue was
The
1982.
with Interest payable semiannually on May
1984.
15.
on
set
which
to
The notes of
auction basis.
1981.
14-3/8% was
of
determination as
the
after
to be dated November
364-day Treasury bills
the
In
auction process, 31,050 million of tenders were accepted at the average
price from Government accounts and Federal Reserve banks for Chelr own
account in exchange for maturing securities, and S617 million of tenders
15
22
for foreign and International monetary authorities for new cash.
coupon
A
14-1/4% was
rate of
set
on
notes
the
15 and November 15 until maturity.
Tenders
p.m.,
EST,
for
the
November
notes of
and
4.
Series
totaled
received until
C-1991 were
S6.730
million,
which
of
1:30
S2.250
the
average
totaled
Noncompetitive tenders were accepted in full at
price 99.425.
S684
yield
accepted
of
million.
tenders.
Competitive
14.33%
tenders
,
99.582.
price
accepted
from
addition
auction process.
to
the
$2,250
a minimum
records
of
tenders
accepted
$400 million of tenders were accepted at
In
the
the average
of
at
$10,000 and
amount of
either
and
maturity
their
par
amount
Is
payable
All series are Issued entirely in book-entry form in
the
Federal
In
any higher $5,000 multiple, on the
Reserve
banks
and
branches,
or
of
the
Department of the Treasury.
Tenders are received at Federal Reserve banks and branches and from
Each tender
individuals at the Bureau of the Public Debt, Washington.
must
million
bidding,
without interest.
These
private
Investors totaled $1,566 million.
In
Treasury bills are sold on a discount basis under competitive and
noncompetitive
million was accepted at yields ranging from 14.33/:, price 99.582, up to
14.36%,
Treasury Bills (Other than Cash Management Bills) - General
1991, with interest payable semiannually on May
due November 15,
1981,
yield
The notes of Series C-1991 will be dated November 16,
auction basis.
29
Series C-1991
of
after the determination as to which tenders were accepted on a
14.932
14.218
13.500
13.795
13.619
14.669
14.206
13.526
13.613
13.352
were accepted at the average price from Federal Reserve banks as agents
be
for
a
minimum of
multiples of $5,000.
$10,000.
Tenders over
$10,000 must
be
In
Payment for the full par amount applied for must
accompany all tenders submitted for bills to be maintained on the book-
IV
Treasury Bulletin
TREASURY FINANCING OPERATIONS
entry records of the Department of the Treasury.
be made
actual
for
Issue
the
difference between
price
as
determined
In
A cash adjustment will
par payment submitted and
the
auction.
the
No
deposit
accompany tenders from Incorporated banks and trust companies and from
responsible and recognized dealers In Investment securities for bills to
be
maintained on
branches.
the
book-entry records of
Federal
Reserve banks
price of accepted competitive bids for an issue.
the
need
and
- Continued
Payment for accepted tenders must be nade or completed on the date
of issue. In cash or other Immraediately available funds or in a like par
amount of Treasury securities maturing on or before that date.
for
13-week,
26-week,
and
Payment
52-week bills may not be made by credit In
Treasury tax and loan accounts.
A deposit of 2 percent of the par amount of the bills applied
for must accompany tenders for such bills from others, unless an express
N onmarketable Foreign Series Securities - Foreign Governments
guaranty of payment by an Incorporated bank or trust company accompanies
Dollar
the tenders.
institutions
Noncompetitive
5500,000 or
week,
less
tenders
(without
from any one bidder,
and 52-week bills,
are accepted
stated
price),
for each Issue of
in
full
at
usually
for
13-week,
26-
the weighted
average
Redemptions
October.
denominated
foreign
series
October
totaled
S745 million,
In
during
dollar
the
month
denominated
totaled S15,A50 million.
securities
totaled
S772
foreign
series
Issued
to
official
consisting of 4 bills.
million.
At
securities
(Details are shown on page
^6
,)
the
end
of
outstanding
November 1981
.FEDERAL FISCAL OPERATIONS^
Table FFO-1.
-
Summary
of
Fiscal Operationa
(In millions of dollars)
Means of financins
Budget receipts and outlays
Borrowing from the public
Fiscal year
or month
Surplus
Net
Net
or
receipts
outlays
deficit
U
II
(-)
(1-2)
(1)
1973
1974
1975
1976
T.O
1977
1978
1979
1980
1981
232,225
264.932
280.997
300,006
81,773
357,762
401,997
465,955
520,056
602.612
1982 (Est.)
666,250
1980-Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
May
June
July
r53,545
38,923
39,175
48,103
52,214
38,394
44.623
74.464
38.514
70,688
48,142
47.976
60.594
Aug
Sept
Fiscal 1981
to date
602.612
(2)
247,074
Public
debt
securities
— Federal
Agency
securi-
Investments of
ties
Ctovern-
ment accounts 3/
securities
Within general account
of the U.S.
Total
(4+5-6)
— transactions
Clash
Treasury 4/
and monetary assets (deduct)
U.S.
Treasury
operating
cash
Special
drawing
rights ^/
Other
Reserve
position
on the U.S.
quota in
the IMF 6/
(9)
(10)
(12)
Treasury Bulletin
FEDERAL FISCAL OPERATIONS^
Footnotes to Table FFO-1
Source:
Monthly Treasury StaceTnent of Receipts and Outlays of Che
United States Government.
Note:
Budget estimates are based on the Fall Budget Prograin
released on September 24, 1981 by the Office of Management and Budget.
For detail see Table FFO-2.
For detail see Table FFO-1.
2/
For detail see Table FFO-6.
Beginning fiscal 1975, balances "Within general account of the U.S.
*J
Treasury" are presented In columns 9 and 13.
^/ Represents holdings of special drawing rights, less certificates
Issued to Federal Reserve banks.
"Reserve position" Is now the appropriate terra to refer to reserve
bl
assets acquired by the U.S. by providing assets to the IMF. due to
the obsolesence of the "gold tranche" terminology.
Jj The Joint Treasury-Office of Management and Budget press statement,
released with the Monthly Treasury Statement, has adjusted these totals
to Include operating expenses and Interest receipts of the Exchange
Stabilizations Fund. The totals In the press release are S493.'i
billion for outlays and -S27.7 billion for the deficit.
%/
Includes the fiscal year 1981 transactions totaling ?15,056 and the prior
U
V
balance of 529,401 In the contra asset accounts entitled ""Dollar deposits
with the IMF" and "Miscellaneous asset accounts" In order to reflect the
U.S. reserve position as reported by the IMF.
^/ Includes: public debt accrued Interest payable to the public,
allocations of special drawing rights deposit funds miscellaneous
asset and llahllity accounts, and as of July 1974, the gold balance.
in / Includes: Seigniorage; increment of gold: fiscal 1969 conversion of
certain corporations to private ownership: fiscal 1970 reclassification of Commodity Credit Corporation certificates of interest;
fiscal 1974 conversion of interest receipts of Government accounts
to an accrual basis; and net outlays of off-budget Federal agencies.
Also, Includes rural electrification and telephone revolving fund
since May 12, 1973; Postal Service fund since July 1973; Federal
Financing Bank since July 1974; housing for the elderly or handicapped
fund from August 22, 1974, through September 30, 1977; and Pension Benefit
Guaranty Corporation from September 17, 1974, through September 30,19ftO.
n / For detail see Table FI>-5.
n.a. Not available.
r
Revised.
,
,
.
November 1981
•FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Social Insurance
taxes and contributions
Income taxes
Fiscal year
or month
budget
receipts
Net
Withheld
1973
1974
1975
1976
T.O
1977
1978
1979
1980
1981
1982 (Est.)
1980-Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Fiscal 1981
to date
Employment taxes and contributions
Corporation
Net
Income
taxes
2/
Old-age, disability, and
hospital Insurance
54,166
65,016
74,075
78.792
21.475
90.701
102,589
479
535
39,045
41.744
45,747
46.783
9,809
60.057
65,380
71,448
72,380
73,733
2,893
3,125
5,125
5,374
1,348
5.164
5.428
5.771
7,780
12,596
36,153
38,620
40,621
41,409
8,460
54,892
59.952
65.677
64.600
61,137
139,153
157,571
163,007
172,204
47,175
212,512
240,940
283,518
308,669
346,688
118,521
400
518
636
43.479
47,299
103,246
11«,952
122,386
131.603
38,801
157,626
180,988
217.841
244,069
285.551
136,960
161,052
507
515
72.174
53,455
305,963
73,696
8,694
65,002
370,965
185,611
185,035
8.632
1,454
6^3
1,150
429
54
10.155
564
768
667
1,252
1.617
1.528
88 3
618
1,007
790
1,381
8,884
1,284
1,003
9,387
2,158
4,867
12,410
12.644
12.222
958
1.756
813
9.531
2,598
1.774
10,155
2.826
1,816
10,203
10,899
1,894
16,411
2.721
2,397
10.040
647
1,314
10.121
1.134
3.754
30.764
2.451
11,682
2,228
1,277
26,936
21,150
20,851
23,725
30.964
15,348
13,693
38.659
10.496
33,729
24,439
21,615
30.882
35,820
22.435
21,854
33,112
33,122
15.912
22.279
48,030
11.508
49,521
26,153
23,222
39,540
11,725
9,626
10,774
10,055
12,914
14,634
14,775
17,738
15,057
14,380
13,101
14,563
13,433
11,725
9,626
10,774
10,055
12,914
14,634
14,775
17,738
15,057
13.865
13,101
14,563
13,433
76,844
47,299
285,551
73,733
12.596
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,955
520,056
602.612
98,093
112,002
122,071
123,441
32,950
144,857
165,254
195.331
223,763
256,007
30,812
34,328
35,528
6,809
42.062
47,804
56,215
63,785
76,844
J_/666.250
287.244
r53,545
38,923
39,175
48,903
52,214
38,394
44.623
74,464
38.514
70.688
48,142
47,976
60,594
18,732
20,237
20,379
22,844
20.896
19,080
22,349
20,539
20.267
23,005
23,967
21,150
21.291
602,612
256,007
27,01<)
21,R66
23,952
34,013
27,367
958
29.291
32.070
33 705
541
201
269
771
564
8,586
9,371
1,011
15,792
1,715
1,607
8.659
360
408
53.687
64.481
73.715
78.384
21,475
90,310
102.071
117.884
136,453
160,536
160,536
Social Insurance taxes and cont rlbutlons--Cont Inued
Employment taxes and contributions
— Con.
Unemployment Insurance
Net contributions for other
Insurance and retirement
Railroad retirement accounts
Fiscal year
or month
Ket
Gross
1973
1974
1975
1976
1.190
1,412
1,490
1,525
328
1,909
1,823
2,190
2,313
2,464
T.O
1977
1978
1979
1980
1981
1982 (Est.).
1980-Sept...
Oct...,
Nov
Dec.
1981-Jan
Feb
Mar
Apr.
. .
214
19
415
213
45
423
220
.
.
50
Hay
June. .
July...
397
-21
Aug....
..
402
226
Fiscal 1981
to date....
2,464
Sept.
74
employment
taxes and
contributions
Refunds
1,189
Net
Refunds
unemployment
Insurance
Federal
supplementary
medical
Insurance
Federal
employees
retirement
Other
retirement
Total
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Reeeipte by Sonrce-Continned
(In millions of dollars)
November 1981
FEDERAL FISCAL OPERATIONS
LU
o
DC
Z)
O
CO
>5
CO
<M
1^
<y>
Q_
i=
i2
CO
O
LU
CO
LU
O
Q
m
^
=O
mo
<D
tfi
O
o
in
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-8. - Budget Outlays by Agency
(In millions of dollars)
LegisFiscal year
or month
November 1981
FEDERAL FISCAL OPERATIONS
Table FFO-8.
-
Badgat OntUy* by Agency-Continaed
(In
nlUlons of dollars)
Treasury Department
Fiscal year
or month
Justice
Treasury Bulletin
8
'FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Federal employer contrlhutlons to retirement funds
Health and
Human Services
Fiscal year
or month
1973
1974
1975
1976
Federal old-age,
disability, and
hospital Insurance
«l(i
911
1977
197H
1979
1980
1981
1,082
1,138
294
1,152
1,266
1,342
1,453
1,762
1982 (Est.).
2,055
T.')
19aO-Sept.
Oct
Nov.
Dec.
..
.
.
.
.
1981-Jan
Feb...
.
Mar....
Apr.
.
.
May
June. .
July...
Aug
Sept, ..
Fiscal 19fll
to date. . .
130
12S
129
128
141
141
141
146
146
146
152
182
182
Office of
Personnel
Management
Civil service
retirement and
disability fund
2,ini
Interest credited to certain Government accounts
Defense
Department
other
J_/
Total
Soldiers' and
Airmen's Home
permanent
fund
Health and Human Services
Federal old-age
and survivors
insurance
Federal
disability
Insurance
trust fund
trust fund
Federal
hospital
Insurance
trust fund
Federal
supplementary
medical
insurance
trust fund
*
9
November 1981
"""""•' FISCAL OPERATIONS
Table FFO-S.
-
Budget Outlays by Fnnctiona
^
(In millions of dollars)
"
FY 1<1«0
l*""!
Corapar-
Nov.
Oct.
Sept.
Functlon
nee.
July
June
May
Apr.
Mar.
Feb.
Jan.
Cumulatlve to
date
Sept.
Aue.
able
period
fiscal
iqsn
U
National defense
Oull^ys
ProprIecIry'rece;p;s'fr,;»'the public
Intrabudgetary transactions
jol-jl
..
U
n
12,«27
H,6n9
n.326
14
-4S
-1-1
-53
12,840
13,560
13.274
1,487
-482
2,221
-1.412
3*16
1.005
12,65(1
26
-2
12,752
-144
-3
13,040
11,812
12,605
12,682
rl,887
-1,205
-147
1,440
-447
1,213
-539
951
-
2,783
-1,500
-33
-55
-fl
r535
^fiU
674
1,241
r392
11,945
-131
r-13
167
-137
10
11,636
499
151
-2
ProprIe;i;;';;;elpts from the public
Intrabudgetary transactions
Total
General science, space, and technology
'...
Outlays
Proprietary receipts from the public
Total
•^^^5^
Proprietary receipts from the public
Intrabudgetary transactions
Total
Natural resources and environment
Outlays
ProprL;:;; receipts from the public
Intrabudgetary transactions
Total
'^[i^itliys.!
Proprietary receipts from the public
Total
Commerce and housing credit
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
Transportation
outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
.
Total
Footnotes at end of table.
,,„
,, „,,
13,861
166
.,,„
,
,-c
.,
16(1,36(1
136,705
-646
-SU
13,675
-142
1
^
-9
-5
13,810
13.838
14,692
13,523
14,022
2,483
-784
1^
1,324
-587
2,662
-1,277
1,500
-1,122
1,547
-762
1.937
-756
21,551
-10,228
-8.57,3
floq
1.681
737
1.373
378
785
982
11.051
10,472
536
609
515
490
347
6.426
*
—1
—*
—*
—4
6,002
—3
6.422
5,999
1-6
-
14
159,699 135,880
^
,
19,263
Tt
nm
^
588
54^
618
441
531
604
505
r-l
t
*
*
_
_*
-*
-*
—7
—*
391
588
549
618
440
531
691
505
536
609
515
490
347
r750
r-121
754
716
------1,153
-238
1,063
-237
883
-408
1,038
-113
1,230
-124
996
-67
12,368
-67
1,090
-175
1,025
-89
923
-78
1,386
-123
-6
-1,726
8,145
-1,522
r629
631
627
845
915
826
475
924
1.106
1.320
914
929
1.018
10.642
6.623
1,544
r-204
r-18
1,578
-153
-19
1,366
-262
1,287
-135
-18
1,243
-200
1,298
-191
-14
1.307
-158
1,346
-180
16,338
-8
-1
1.398
-243
-23
16,204
-7
1,432
-203
-35
-2,21(3-2,058
-26
1,287
-179
-14
1.201
-177
-17
1,460
-109
-26
-211
-150
rl,323
1,406
1,086
1,325
1.134
1.017
1.093
1,093
1,017
1,140
1,164
1,194
1,131
13,783
14,130
r-137
r-48
192
28
868
1.386
2.937
290
-16
-423
-5
-1
16
5.636
-38
5,109
13
-147
-3
536
46
-263
-40
-80
-31
407
-55
-67
11
-184
221
878
1,355
2.984
352
-53
-304
-150
274
-86
536
-407
5,598
4,951
-22
-3
1,629
-354
-1^8
3B0
330
-634
4.042
-3
-ft
-^
-^
-
*
-
-*
-*
-4
~*
863
-2
295
-2
-264
-3
-48
-3
1.055
-4
990
-2
-26
1,626
-357
1.051
988
-203
377
321
-268
861
-51
292
2,120
2.115
-48
1.838
-30
1,911
-42
3,881
-71
1.500
-33
1,650
1,723
-38
1,621
-40
1,883
-42
_
-
2,160
-40
-350
r_
-4
3
-44
—
_
_,
„
.,„
,
_,,
,
n/
-i
-._
,-
7
01/
7.834
^
-639
,
3.995
7.795
24,172
,-,-,
^,
^co
21,358
-
-511
-350
-444
-74
23.312
20.840
_-,
1,964
-39
1,921
-
_,
-40
2,077
2.066
1.808
1.870
3,810
1.467
1.605
1.685
1.581
1.840
1,771
1.925
1.881
rl,130
1,073
-82
893
-39
782
85
-
-2
78
982
-14
-38
716
-14
-25
700
-58
-24
643
-7
909
-60
-66
647
-39
-1
675
-25
-29
7
r-3
1,086
-103
-112
838
r9
-27
-320
-256
rl,137
989
847
872
867
620
782
844
687
929
677
617
641
9,264
Comtcunity and regional development
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
,,,
.,
14.774
-n6
°"^^"
'"outlav's"""'
_,,
13.R51
-14
13,912
-96
,
24
o
o/
i
9,841
in 07»i
10,876
-690
-269
9.917
Treasuty Bulletin
10
FISCAL nPF-BATinWH
gF.nF.RAT.
Table FFO-6.
-
Budget Outlays by Functions-Continued
(In millions of dollar s)
FY 19S0
FY llfil
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
July
June
Hay
Apr.
Aug.
Cumulatlve to
date _!_/
Sept.
Function
Comparable
period
fiscal
19811
Education, training, employment and
social services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
,
________
Totals
Total
Total
Veterans benefits and services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
Undistributed offsetting receipts
Net budget outlays
2,R62
2,(>70
2,565
-1
-1
2.649
-2
30,5SO
-4
2,133
-2
1,955
-*
2,677
-*
_
2,404
-*
-1
-17
3i,431
-32
2,595
2,947
2,223
2,461
3,029
2.»62
2,666
2,564
2,677
2.131
2.400
2,647
1,954
30,562
31,399
__2_*
16
6,584
6,194
6,100
7,155
6,951
6,339
6,790
7,190
6,877
7,093
-11
4
_1
_4
_4
-688
-1,397
-693
-3
-664
_7
-858
_4
-687
-1
-636
_3
-682
-1,041
-1.035
4,891
5,716
5,510
5,414
5,757
6,259
5,645
6,122
6,141
_*_*_*_*_*_*
20.484
19,675
5,983
-5
_694
6,136
_705
5,284
5.432
5,520
-490
78,935
_29
-9,581
-7,802
5,838
6,599
69,324
58,165
18,936
19,837
230,744
195,387
65,989
-21
19,441
19.540
19,273
19,286
18.650
_i
_1
_*
_*
_*
_i
_1
-142
-744
-31
-518
-72
-1,676
-38
-79
-741
-5,140
-3,252
rl7, 490 18,361 17,216 18,944
19,299
18,795
19,241
18,768
18,576
18,806
19.637
18,857
19,095
225,599
192,133
-31
^
rSOl
-53
r-l
2,905
-45
770
-50
3,079
-47
1,974
-50
2,010
-54
1,083
-54
2,221
-52
1.718
-47
1,839
-52
3,047
-52
339
-49
2,062
-50
23,550
-606
*
-1
-1
-*
-*
-1
_*
_*
_1
_*
_1
_*
_6
21,747
-577
_3
747
2,859
719
3,032
1,923
1,955
1,028
2,168
1,671
1,786
2,995
789
2,011
22,937
21,167
465
343
388
385
397
395
*
_1
1
_1
1
4,733
-12
4,564
_1
_
_
397
4,720
4,554
________
350
r_l
466
349
*
-1
383
_*
383
-*
393
-5
466
348
rll,733
r_38
-11,219
83
_29
-15
r475
39
464
150
1,989
-60
210
-
-
-
_
-
_
_4,570
150
1,929
210
26
1,293
113
r4,95a
_94
-117
5,585
-155
-80
5,810 11,335
-160
-153
-318
-369
5,549
_246
-1,481
r4,746
5,349
5,338 10,805
350
382
_5
__
-11
376
465
343
388
386
397
753
306
-17
430
-30
528
11
-15
13,830
-3
21
-7
-6
259
-2
-15
603
-13
-15
-8
-13,560
18,597
-199
-13,667
16,167
-229
-11,296
310
393
506
242
581
266
4,730
4,641
_______
_-
179
_
11,281
_a6
_4,573
15,205
_44
_6,854
382
382
388
469
529
6
-73
-11
388
-9
-23
-22
-11
-15
446
356
425
749
4,596
1,320
-27
116
~~~~^
Total
Total
3,030
-*
-40-1,024
Total
Interest
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
2,462
-1
r_165
Total
General purpose fiscal assistance
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
2,223
-1
rl7, 655 18,392 17,256 19,968
Administration of justice
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
General government
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
2,949
r-l
^^=^=^===^===^^^^=^^^^^=^=^==^=======^==^=^=^=^=^==^====^
Health
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Income security
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
r2,'i9f,
~
463
98
1,165
1,234
__1_*_
252
44
*
*
98
1,166
252
44
1,234
28
179
6.621
8,306
6,600
-164
-35
6,002
-138
-29
6,653
_153
-76
7,238
-209
6,852
-241
-446
7,582
-250
-5
12,216
_171
-371
-11
6,602
-105
-61
88,027
-2,150
-3,286
69,425
-1,719
-3,141
3,822
6,400
5.835
6,423
7,023
11,674
6,164
7,320
6,436
82,590
64,564
r-l, 449 -2,630 -1,285 -7,400
-732
-838
-874
-949
-1,029
-8,023
-688
-3,652
-2,216
-30,306
-21,933
r47, 905 56,304 48,049 56,202
59,099
53,969
54,216
57,198
54,608
55,619
58,486
53,095
53,698
660,544
579,603
Source;
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Monthly totals may not add to cumulative due to budget reclassifications.
_1/
»
Less than S500,000.
r
Revised.
28
_
"
November 1981
PPTMI-DAT
Table FFO-6.
-
FISCAL
r>Dl?PATir.XIO
Investment Transactions of Government Accounts
in
Federal Securities (Net)
(In millions of dollars)
_
Fiscal year
or month
Federal
old-age and
survivors
Insurance
trust fund
Health and Human Services
Federal
disability
Insurance
trust
fund
Federal
hospital
Insurance
trust fund
Housing and Urban Devel opment Department
Federal
supple-
Federal
Housing
raentary
Adralnis-
medical
Insurance
trust fund
Other
tratlon
Government National
Mortgage Assn.
Partlclpaclon
sales
Other
Labor Department
Federal
Insurance
Admlnlstration
Other
Unemploytrust
fund
raent
fund
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
1982 (Est.)
1980-Sept
Oct
Nov
Dec
1981-Jan
Feb
Har
Apr
May
June
July
Aug
Sept
Fiscal 1981
to date
2,298
2,217
2,175
792
391
-1,924
-913
-1,645
-4,443
-3,638
-3,751
-322
-1,227
-477
-2,211
n.a.
-2,376
677
-1,433
-998
-61
1,162
630
2.759
725
-37
110
1,230
2.092
-4,282
n.a.
515
-3,495
-338
-241
-192
159
-60
295
49
222
-*
31
299
-4
531
148
*
63
200
1
5
9
15
12
-8
8
-148
•
184
223
261
14
-
1,338
3,642
1,897
1,181
67
-36
784
1,406
1,493
3,535
988
1,789
953
n.a.
774
-561
-
118
28
12
7
2
2
-47
17
-3
-36
1
-416
-737
r3
r65
36
2
117
n.a.
n.a.
-
-40
-306
-65
-52
-120
-*
-*
295
178
1
*
-293
646
973
841
-95
-38
•
_«
«
-338
-223
-46
-32
208
-
49
23
541
918
1
1
*
29
27
-95
-313
190
lon
146
1
6
37
10
-20
45
r64
79
-
-
n.a.
n.a.
n.a.
n.a.
n.a.
5
20
-4
5
-
7
-
-
32
9
-
-
-6
6
-
-
4
-
-
20
5
-
-
16
8
-
-
-
-
108
I
27
-35
7
*
*
32
8
I
•
-125
5
-
-
-
-1,082
-416
-663
-1,622
-285
-95
-94
-138
7
226
-*
-26
-17
27
349
7
8
-
-
272
-404
«
102
15
5
-
-
-322
-4,282
3,535
-737
2
117
-20
79
-
-
15
-
1.114
Other
12
Treasury Bulletin
^—FEDERAL
FISCAL OPERATIONS
Table FFO-7. - Trust Funds Transactions
October
1,
1980 ibr^acli
(
September
Receipts of trust funds
Trust
Interfund
and proprietary
receipts
1/
1981
In millions of dollars)
Receipts In trust funds
Classification
(trust funds)
30,
Interfund
Outlays In trust funds
)
,
13
November 1981
FEDERAL OBLIGATIONS
"Obligations" are the basis on which the use of funds is controlled
In the Federal Government.
They are recorded at the point at which the
GovernmenC makes a firm corami tment to acquire goods or services and are
the first of the four key events
—order,
reported
In general
they consist of orders placed, contracts awarded, services received, and
obi Igational
The
In
gauging
national economy
Government
,
Government
of
impact
of
the
transactions
Government's
Is
a
strategic
on
the
the
whecher
personal
Che
services are
firms often do business wl th one another
"buying" agency records obligations
reimbursements.
records
agency
Incurred
operations
,
outside
within
the
Government
the
Tables
Government.
Table
In
FO-1,
obligations
FO-2
and
3
purchases
occur
that
are
those
incurred
show only
Chose
incurred
outside.
which
months
and
after
stimulates
employment
the
business
of
labor.
Government
places
investment
,
Its
order
but
Obligation data
Inc ludlng
may
Disbursements
the
first
published
fund
accounts
not
order
for
the
In
Obligations are classified according Co a uniform seC of categories
budget
concepts
the
administrative budget
September
first
were
Beginning with the April
itself usually causes immediate pressure on the private economy.
published
l^fifi
adopted
1967
fund accounts were
Treasury Bulletin and the CrusC
in
the
October
1967
pursuant
to
Che
recommendations
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, June
(
30,
1981
in mi 11 ions of dollars)
Gross obligations Incurred
Object class
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel
5fi,a24
5,940
11,573
943
11,573
Contractual services and supplies
Travel and transportation of persons.
Transportation of things
Rent communications and utilities..
Printing and reproduct Ion
Other services
Supplies and materials
6fl3
64R
2,136
3,111
414
52,616
23,fifi7
39,flfll
17,956
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
26,395
6.56R
27,a6R
4,774
2,406
31.169
45
27,914
9fi,651
7.727
172,507
68,194
1,029
33
106,378
172.540
86.550
1,029
,
,
Grants and fixed charges
Grants subsidies and contributions.
Insurance claims and Indemnities
Interest and dividends
Refunds
,
Other
Unvouchered
Undistributed U.S. obligations
Gross obligations incurred
2,139
2,02fl
3,991
2,787
4,165
7,110
1,098
76,503
57,838
fl,'574
18,355
798
796
6,354
5.152
1,203
667,542
575,897
1/
Source:
Reports on Obligations. Standard Form 225. from aeencies.
For Federal Budget presenCatlon a concept of "net obi 1 gat Ions
Incurred" Is generally used.
This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress
Summary figures on this basis
follow.
(This data Is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
i^/
.
oresentation and therefore mav differ somewhat from the Budget
document .
Gross obligations Incurred (as above)
Deduct:
Advances reimbursements other income
Of fseCClng receipts
,
Net obligations Incurred
,
Bulletin.
Bulletin, the data are on the basis of Che
President's Commission on Budget Concepts.
which are based upon Che naCure of the CransacClon without regard Co ICs
,
In
from
distinguished
are
;
and the "performing"
,
since it frequent ly represents for business firms Che
corami traenC
inventory
for
stage
Che
compensation
personnel
Federal agencies and
doing so,
similar transactions requiring the disbursement of money.
point
as
used in current operations or In the construction of capital items.
delivery, payment, consuraptlon-
-whlch characterize Che acquisition and use of resources.
All payments for salaries and wages, for example, are
ulclmate purpose.
667,542
,
etc
-110,613
-6 3,296
493,633
of
the
14
Treasury Bulletin
FEDERAL OBLIGATIONS.
Table FO-2.
-
Gross Obligations Incurred Outside
by Department or Agency, June
the Federal
30,
Government
1981
(In milltons of dollars)
Personal services & benefits
Classification
Contractual services and supplies
15
November 1981
FEDERAL OBLIGATIONS
Table
FO-2.
-
Gross Obligations Incurred Outside the Federal Government
by Department or
Agency, June
30,
1981
-
Continued
(In millions of dollars)
Grants and fixed charges
Acquisition of
capital assets
Classification
Equip-
Treasury Bulletin
16
FEDERAL OBLIGATIONS
Table FO-3.
-
Gross Obligations Incnrred Outside the Federal Government
Comparative Statement by Month
object class
Aug.
Sept.
4,085
3.628
92
1,"20
72
4,172
-72
1,112
July
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, communication, and utilities
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Unds and structures
Investments and loans
Grants and fixed charges:
Grants, subsidies, and contributions
Insurance, claims and Indemnities
Interest and dividends
Refunds
Other:
Undistributed U.S. obligations
Unvouchered
Total national defense
Non-defense
Personal services and benefits:
Personnel compensation
Personnel benefits
Benefits for former personnel
Contractual services and supplies:
Travel and transportation of persons
Transportation of things
Rent, coimnunications, and utilities
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Unds and structures
Investment and loans
Grants and fixed charges:
Grants, subsidies and contributions
Insurance claims and Idemnities
Interest and dividends
Refunds
Others:
Undistributed U.S. obligations
Unvouchered
:
Total non-defense
Grand total
* Less than S500,000.
r
Revised.
3,698
S3
1,015
188
29
227
36
116
198
150
26
2,038
2,85]
2,669
2.974
2,389
2,145
2,256
999
2,201
199
77
321
134
254
143
173
1,024
June
4,674
4,004
4,078
4,381
3.924
4.320
4.135
3,562
4.948
4
77
72
78
72
1,108
11,110
l.m
1.113
73
1.174
45
1,168
389
1,172
38,116
943
10,219
33,422
133
1,106
139
167
173
48
1,374
1,469
2.141
218
132
164
232
98
56
338
171
117
2,075
1,895
3.065
2.706
2,798
374
205
519
166
131
134
157
205
288
86
207
166
294
48
3,588
4,100
51
32
214
276
-47
6,667
4.312
3,629
2.503
3,845
3.565
3,988
2,629
270
2.249
2.569
147
308
14
3,971
9*25***-23233212
-.-....03
47----3
4
4
5
5
5
4
-I
8
8
8
25
13
3
16
50
22
12.777
96
19
5
186
241
221
119
3.037
3,522
2.237
3,333
2,177
4,161
30.388
32,692
1,004
1.513
1,700
295
26,429
24,873
3,163
2,634
239
125
-
24,571
2,430
19,398
1,868
-*2
2-2
233
___
2,758
244
-
9
17
-4
132
-130
2
14
12
11
10
7
133
30
110
2
21
345
4
113
-
25
-
10
56
20
-47
2
-35
12
95
12
12
127
-1
12.528
12,311
17,480
20,579
14,132
16,100
17,655
12,507
17,476
15,988
14,039
16,398
144,873
120,531
***
2.220
20.708
19,373
*
*
*
127
149
1.354
1,019
73
92
75
198
60
764
559
1,858
465
22,228
7,190
797
542
1,757
460
17,689
7,066
1,824
4,138
27,868
1,518
4,199
27,898
109
98,634
172.374
68.181
1,008
87,524
142,212
49,316
907
236
47
796
1,075
8,315
-__-_]**
2,213
720
8,787
3
-*
16
-
1,157
225
-24
2.735
5,429
38
-148
228
3,889
422
Comparable
period
FY 1980
Fiscal
year
to date
2,459
197
102
70
99
-14
203
2.136
138
2.374
11,293
2.227r
630
2.117r
160
2.546r
119
8Qr
2.392r
-9
91r
2.182r
_*
75
2.399r
-61
2,290r
164
81
90
74
55
60
217
69
222
60
2.335r
90
65
105
82
81
131
18
87
210r
459
785
203
84
2,939
860
3,046
200
466
3,993
4,526
15,845
18,146
5,054
546
31.696
18,795
4,894
84
6,710
20,187
13,366
-384
81
90
92
88
124
719
1,054
97
-913
47
386
11
34
36
743
44
2
15
92
169
-512
14
116
101
122
47,685
50,168
48.182
78,105
5n,726r 30,860r 63,385r 51,39ar 42,a70r
50,400r 44,418r 4l,157r
53.812
431,025
370.614
60,462
62,696
60,493
95,584
71,305r 44,99Ir 79,486r 69,053r 55,377r
67,a76r 60,405r 55,195r
70,210
575,897
491,146
59
51
58
2,210
2,036
611
570
159
438
2,687
13,748
15,911
8,584
118
371
61
2,234r
1,691
427
121
631
445
3,027
92
41
69
192
59
205
58
69
229r
48
215
39
2,060r
868
3,011r
4,123r
2.227r
601
539
601
229
438
3.021
220
540
2,987
630
4,462
231
53
2,886r
992
92
617
149
187
2,540
3,779
6,644r 11.225r 16,14Ir 12,732r 7,a96r
18,382
19,663
24,985
4,153 25,934
7,210
5,490
9,922
6,752
6.403
82
2,069r
813
20
238
3,381
36
170r
26
l,415r
353
731
246
515
511
533
2,063
1,708
13,410r 7,803r 7,247r
19,758
19,054
19,123
7.381
7.290
6.574
101
0,232
554
-214
515
2,203
17
-74
15,531
19,962
11.088
105
..
November 1981
17
ACCOUNT OF THE
Source and Availability of the Balance
U.S.
in the
The operating cash of the Treasury is maintained in
Treasury's accounts with the Federal Reserve banks and branAs
the
balances in the
ches and in tax Loan accounts.
accounts at the Federal Reserve Banks become depleted, they
are r,estored by calling in (Withdrawing) funds from thousands
authorized
of financial institutions throughout the country
to maintain tax and loan accounts.
Under authority of P.L. 95-147, the Ti easury implemented
a portion of its
program on November 2, 1978,
to invest
operating cash in obligations of depositaries maintaining tax
and loan accounts. Under the Treasury Tax and Loan investment
institutions select the manner
program, depositary financial
Depositaries
in whicfi they will participate in the program.
retain funds deposited in their tax and loan
that wish to
obligations participate under
accounts in interest-bearing
remit the funds
the Note Option; depositaries that wish to
Reserve banks particto the Treasury's account at Federal
ipate under the Remittance Option.
-
Account of the U.S. Treasury
Deposits to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
all financial institutions whereby customers of
financial
institutions deposi t with them tax payments and funds for
the purchase of Government securities.
cases
In most
the
transaction involves merely the transfer of funds from a
customer's account to
the tax and lo^ account in the
same
financial
institution.
On occasions, to the extent authorized by the Treasury, financial institutions are permitted
to deposit in these accounts
proceeds from subscriptions to
public debt securities entered for their own account as well
as for the accounts of their customers.
a
Table UST-1.
TREASURY
The tax and loan system permits the Treasury to collect
funds through
financial institutions and to leave the funds
in Note Option depositaries and in the financial communities
in which they arise until such time at the Treasury needs the
funds for its operations. In this way the Treasury is able to
neutralize the effect of its fluctuation operations on Note
Option financial institution reserves and the economy.
Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury operating balance
!_/
through
Aval lable funds in
demand accounts at:
End of
fiscal year
or month
Total
Federal
Reserve
banks
1971
1972
1973
1974
1975
1976
T.Q
1977
2
1978
1979
1980
1980- Oct.
Nov
Dec.
1931-Jan.
Feb.
Mar.
Apr
May.
June
July,
Aug..
Sept
Oct.,
,
34i*
Treasury tax
and loan note
accounts
Other
deposi
taries
Funds in proce
of col lection
3/
2;
Federal
Reserve
Other
depositaries A/
Time deposi ts
and other
interestbearing
demand
accounts
Other
demand
accounts
currency
5/
metal
and coina^
Miscel
laneous
items
Gold
balance
6/
Balance in
account o£
the U.S.
Treasury
18
Treasury Bulletin
.
Table UST-2.
-
ACCOUNT OF THE
Elements of Changes
in Federal
U.S.
TREASURY.
Reserve and Tax and Loan Note Account Balances
(In millions of dollars)
November 1981
19
.
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
20
Treasury Bulletin
.MONETARY STATISTICS.
Table MS-1.
-
Currency and Coin
in Circulation
November 1981
21
.FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal
Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Securities held by:
22
Treasury Bulletin
.FEDERAL DEBT,
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
Total
End of
fiscal year
or monCh
November 1981
23
.FEDERAL DEBT.
Table FD-4.
-
Government Account Series
(In millions nf dollars)
End of
fiscal year
or month
Airport and
24
Treasury Bulletin
-FEDERAL DEBTTable FD-5.
-
Interest-Bearing Securities Issued by Government Agencies
(In
End of
fiscal year
or month
mllHons of dollars)
.
.
.
November 1981
25
FEDERAL DEBT
FD-6. - Participation Certificates
(
In ml II Ions of
Export -Import Bank
of the United States
dollars
-
face amounts)
Participation certificates Issued by
End of
Education
Department 1/
fiscal year
C.NHA
acting as trustee
Health and
Human Services
Department 3/
Farmers Home
Administration 2/
or raonth
Sales
1973
197^
1975
1976
Retirements
42
T.O
1977
1978
1979
1980
1981
1980-Sept.
Oct.
Nov..
Dec. .
1981-Jan..
Feb.,
Mar..
Apr.
May..
June.
.
July.
Aug.
Sept.
Outstanding
Sales
Retirements
Outstanding
Sales
Retirements
Outstanding
Sales
Retirements
Outstanding
Sales
Retire-
Out-
raents
standing
26
Treasury Bulletin
-FEDERAL DEBT.
Table FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
:
^^
November 1981
FEDERAL DEBT
Table FD-9.
-
Status and Application of Statutory Limitation
757b), as
The
Second Liberty Bond Act (31 U.S.C.
amended, provides that the face amount of obligations Issued
authority
under
of
act,
that
obligations guaranteed
as
United
not
States,
shall
and
principal
to
exceed
billion outstanding at any time.
that
30.
beginning on October
1982.
the
1,
statutory
the
1981,
debt
and
face
amount
Interest
by
of
the
aggregate $400
Public Law 97-49 provides
in
the
and
ending on September
limit
shall
be
temporarily
The
that
act
the
participations
National
June
of
face
Issued
Mortgage
1717(c)) during the
time
shall
be
30.
added
(Public
1967
amount
under
Law
9
beneficial
of
section
Association
302(c)
Charter
provides
0-39)
Interests
of
Act
and
the
Federal
(12
U.S.C.
fiscal year 1968 and outstanding at any
to
the
amount
otherwise
taken
Into
account In determining whether the requirements of the above
provisions are met.
Increased by S679.8 billion.
Part A. - Status Under Limitation, October 81» 1981
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
Total public debt subject to limit
Other debt subject to limit;
Guaranteed debt of Government agencies.
Specified participation certificates...
Total other debt subject to limit
Total debt subject to limit
Statutory debt limit
Balance of statutory debt limit
Part B. - Application of Statutory Limitation. October 31, 1981
Classification
Amount outstanding
Interest-bearing debt:
Marketable:
Bills:
Treasury
Notes:
Treasury
362,ri49
Bonds:
Treasury
Total marketable
97,867
689,578
Nonmarketable:
Depositary series
Foreign series:
(^vernment
Dollar denominated
Public:
Foreign currency denominated
(lOvernment account series
R.E.A. series
State and local government series
United States individual retirement bonds
United States retirement plan bonds
United States savings bonds
United States savings notes
Total nonmarketable
7
15,4 39
5,012
198, 053
23
23, 1 19
43
170
67, 718
270
309
Total Interest-bearing debt.
Non-lnterest-bearing debt:
Matured debt
Other
Total non-lnterest-bearing debt
Total public debt outstanding
1,005,042
28
Treasury Bulletin
.FEDERAL DEBT,
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In mllllona of dollars)
Agriculture Department
Agency
End of
fiscal year
or month
.
.
November 1981
29
FEDERAL DEBT
Footnotes to Table FD-10
Bureau of Government Financial Operations.
Source:
These securities were Issued to the Treasury In exchange for adNote:
vances by Che Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other
agencies to borrow from the Treasury. Further detail may be found
In Che 1980 Statistical Appendix Co Annual Report of the Secretary
of Che Treasury, pages 458-464 and the 19S0 Combined ScaCemenC of
Receipts, Expenditures and Balances of the United States Government,
pages 578-579.
Includes predecessor agencies . Figures Include notes previously
1/
issued by Che 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 Che
act approved July 18. 1956 (22 ll.S.C. 1442), and the notes CogeCher
with others issued for the same purpose are Included In "Other"
Farm housing and oCher loan programs, AgriculCural Credit Insurance
2/
Fund, Rural Housing Insurance Fund, and Rural PevelopmenC Insurance
Fund.
Includes securities transferred from the Re cons cruet ion Finance
3/
Corporation.
4/
As of May 1980, che college housing loan program was Cransferred to
the [Jepartraent of Education.
Consists of notes Issued to borrow for; public facility loans; low
5/
rent public housing fund; and housing for Che elderly or
handicapped.
Consists of liabilities taken over by the Association from the
6/
Secretary in accordance with the act approved August 2. 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d). and 1721 (d) and also securities transferred
from the Reconstruction Finance Corporation.
Consists of notes ofThe Administrator. General Services
Administration, for defense materials procurement; Che Secretary of
Agriculture- the Secretary of the Interior (Defense Minerals
Exploration Administration),
International Coramunlcatlon Agency
Consists of notes Issued by the:
for Infornaclonal media guaranties (see fooCnoCes 1): Secretary of
Commerce (Mariclme Administration) for the Federal Ship Mortgage
Insurance Fund and Federal Ship Financing Fund (NOAA): Virgin Island
Corporation; DlsCrict of Columbia Commissioners for the Scadlum
sinking fundj SecreCary of the Interior (Bureau of Mines) for
development and operation of helium properties; Bureau of Commercial
Fisheries for Federal ship mortgage Insurance fund, fishing vessels:
revenue bonds for Smithsonian Institution (John F. Kennedy Center
Parking Facilities); Secretary of Transportation (Washington
Hetroplltan Area Transit AuChoriCy); Health, Education, and Welfare.
Office of Education (student loan Insurance fund): Pension Benefit
Guaranty Corporation; Federal Railroad Administration, rail service
assistance, and regional rail reorganzation: Bonneville Power
Administration; Secretary of Energy; General Services Administration
Avenue Corporation) advances for the national flood
( Pennsylvania
Insurance fund and disaster loan fund (SBA)
Outstanding loans cancelled pursuant to Public Law 93-426 dated
September 30, 1<>74.
:
;
Treasury Bulletin
30
^^"^"^^^""^^"^^
Table PDO-1.
-
PUBLIC DEBT OPERATIONS
^^^^^^^^^^^^^^^^
Matority Schedule of Interait-Bearing Marketable Pnblic Debt Secorities
Other than Regnlar Weekly and e2-Week Treasary Bills Outstanding
October 30, 1981
(In
nllHona
of dollara)
November 1981
31
.PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amounts In mllltona of dollars)
Description of new Issue
Issue date
Regular weekly;
(13-week and 26-week)
1981-July
2
Number of
days Co
maturity 1/
Maturity
date
1981-Oct.
91
Dec.
Oct.
9
Aug.
7
16
1981-Oct.
1982-Jan.
15
14
23
:981-Oct.
19«2-Jan.
22
30
1981-Oct.
1982-Jan.
29
28
6
1981-Nov.
1982-Feb.
4
1981-Nov.
1982-Feb.
U
1981-Nov.
19B2-Feb.
18
13
20
Sept.
21
5
12
19
27
19S1-NOV.
19S2-Feb.
3
1981-Dec.
1982-Kar.
4
1981-Dcc.
1982-Mar.
11
19S1-DCC.
10a2-Mar.
IS
1981-Dec.
j9«2-Mar.
24
25
08 -Dec.
19a2-Apr.
31
10
17
24
Oct.
S
1982-Jan.
1
a
1
1
27
25
3
10
17
1
Ian.
Apr.
Jan.
Apr.
15
Jan.
Apr.
22
29
Jan.
Apr.
28
29
52-weeks:
1980-Oct.
Nov.
14
1981-Oct.
8
6
4
Nov.
Dec.
5
Dec.
1981-Jan.
2
Dec.
31
29
26
26
23
1982-Jan.
Feb.
Mar.
Apr.
May
21
June
18
May
June
28
25
25
22
20
July
16
July
15
Aug.
Sept.
Oct.
13
10
Aug.
Sept.
Oct.
12
9
15
22
8
Feb.
Mar.
Apr.
14
21
3
17
7
Amount of
bids
tendered
Amounts of bids accepted
Total
amount
On com-
On noncom
pecltlve
basis 7/
petltlve
basis 3/
Amount
maturing on
Issue date
of new
offering
Total
unmatured
Issues outstanding after
new issues
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills - Continned
On competitive bids accepted
Oo total bids accepted
Issue
date
Average price
per hundred
Equivalent average
rate 4/
Price per hundred
Regular weekly:
1981-July
Equivalent rate 4/
Price per hundred
Equivalent rate 4/
November 1981
33
PUBLIC DEBT OPERATIONS
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
(Dollar amounts in millions)
Desc ription of Issue
Bills
1/
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table PDO-3. -
New Money Financing through Regular Weekly Treasury
Bills
U
-
Continued
(Dollar amounts in millions)
Description of Issue
Average rate
Maturity
date
Issue
date
1981-July
2
9
16
23
30
Aug.
6
13
20
27
Sept.
3
10
17
24
Oct.
1
8
15
22
29
Number of
days to
maturl ty
19ni-0ct.
Dec.
Oct.
1982-Jan.
19Sl-0ct.
1982-Jan.
19Sl-0ct.
1982-Jan.
1981 -net.
19S2-Jan.
1981-Nov.
1982-Feb.
1981-Nov.
1982-Feb.
1981-Nov.
19n2-Feb.
1981-Nov.
1982-Feb.
19ai-Dec.
1982-Mar.
19Sl-Dec.
1982-Mar.
I9ai-Dec.
1982-Mar.
1981-Dec.
1982-Mar.
1
98 I -Dec.
1982-Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
182
8
9]
7
182
91
182
01
182
15
U
22
27
29
28
5
91
4
182
12
91
11
18
182
91
182
27
25
182
19
92
3
91
4
10
182
II
182
17
91
18
24
182
25
182
91
91
31
91
I
182
7
91
8
14
182
15
182
91
182
91
21
22
28
29
Source:
See Table PDO-2.
Equivalent average rate on bank discount basis.
_!/
91
I
31
91
182
r
Revised.
Amount
of hlds
tendered
Amount
of bids
accepted
of bids
accepted J_/
(Percent)
New money
Increase, or
decrease (-)
38,460
9,808
7,309
7,044
7,795
8,636
7,029
7,457
8,532
7,439
S4,035
4,028
4,029
4,039
4,038
4,058
4,026
4,040
4,326
4,344
13.909
13.620
14.400
14.050
14.558
14.230
15.563
15.318
15.065
14.789
r-S513
6,911
7,409
8,703
9,210
8,773
8,681
9,349
R,S91
4,313
4,346
4,340
4,3 50
4,537
4,546
4,526
4,5 39
15.674
15.571
15.235
15.122
15.706
15.645
15.832
15.853
274
8,494
8,822
8,463
9,284
7,318
9,115
8,672
8.379
4,529
4,552
4,533
4,562
4,535
4,547
4,517
4.531
15.584
15.646
16.410
15.751
14.412
14.657
14.198
14.089
7.012
7,880
10,116
8.122
9,277
8.936
12,152
9,638
10,952
10,246
4,510
4,509
4,530
4,541
4.534
4.546
4,525
4,529
4,724
4.725
14.669
14.932
14.206
14.218
13.525
13.504
13.614
13.795
13.352
13,619
r-506
r283
r-302
317
149
689
684
584
688
67 4
r70a
655
714
999
979
1,093
33
November 1981
PUBLIC DEBT OPERATIONS'
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts In millions)
Date subscrip-
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
i
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
(
Date subscrip-
Dollar amounts In millions)
November 1981
37
PUBLIC DEBT OPERATIONS.
Footnotes to Table
Bureau of the Public Debt.
Source;
EO notes were sold at auction
Note:
All securities except EA
through corapetltlve and noncompetitive bidding,
For maturing Issues, see Table PDO-7,
1 /
~2/ For bill Issues, always sold at auction, the rate shown is the
equivalent average rate (bank discount basis) of accepted bids.
For
Other securities issued at par except those sold at auction.
details of bill offerings see Table PDO-2.
3/ From date of additional issue in case of a reopening.
4/ In reopenlngs the amount issued is In addition to the amount of
original offerings.
5/ Yields accepted ranged from 10.205; (price 99.869) up to 10.22^
(price 99.834) with the average at 10.2ir. (price 99.851).
6 / Yields accepted ranged from 9.75% (price 100.000) up to 9.81!! (price
99.806) with the average at 9.791 (price 99.871).
7 / Yields accepted ranged from 10.10% (price 100,155) up to 10,25*
(price 99.013) with the average at 10,17% (price 99.620).
8/ Yields accepted ranged from 12.55% (price 100,129) up to 12,69%
(price 99,888) with the average at 12,66% (price 99,940).
9/ Yields accepted ranged from 11.62% (price 100.014) up to 11.64%
(price 99.958) with the average at 11.64% (price 99.958),
10 / Yields accepted ranged from 10,70% (price 100.303) up to 10.79%
(price 99,759) with the average at 10,75% (price 100.000),
11 / Yields accepted ranged from 10,39% (price 99.863) up to 10.48%
(price 99,045) with the average at 10,44% (price 99.407).
12 / Yields accepted ranged from 12.18% (price 99.905) up to 12.26%
(price 99.767) with the average at 12.24% (price 99.801).
13 / Yields accepted ranged from 10.28% (price 100.389) up to 10,49%
(price 99,532) with the average at 10,40% (price 99.898),
14 / Yields accepted ranged from 11,42% (price 99,922) up to 11,44%
(price 99,837) with the average at 11,43% (price 99.904).
15 / Yields accepted ranged from 10.39% (price 100.353) up to 10.60%
(price 99.681) with the average at 10.52% (price 99.936).
16/ Yields accepted ranged from 10.58% (price 99.352) up to 10.61%
(price 99.130) with the average at 10.60% (price 99.204).
17 / Yields accepted ranged from 11.50% (price 100.000) up to 11.53%
(price 99.948) with the average at 11.52% (price 99.965).
18 / Yields accepted ranged from 11.87% (price 100.014) up to 12.00%
(price 99.651) with the average at 11.98% (price 99.707),
19 / Yields accepted ranged from 11,98% (price 99,932) up to 12.052
(price 99.599) with the average at 12.02% (price 99.742),
20 / Yields accepted ranged from 11,78% (price 99,754) up to 11,87Z
(price 99,021) with the average at 11,84% (price 99,264),
21/ Yields accepted ranged from 13,91% (price 99.941) up to 14.00%
(price 99.788) with the average at 13.98% (price 99.822).
22/ Yields accepted ranged from 14.20% (price 100.443) up to 14.50%
(price 99.365) with the average at 14.39% (price 99.758).
23/ Yields accepted ranged from 14.94% (price 100.101) up to 15.07%
(price 99.883) with the average at 15.01% (price 99.983).
24 / Yields accepted ranged from 14.20% (price 100.149) up to 14.33%
(price 99.763) with the average at 14.29% (price 99.881).
25 / Yields accepted ranged from 12.60% (price 100.092) up to 12.72%
(price 99.293) with the average at 12.69% (price 99.492).
26/ Yields accepted ranged from 11.41% (price 99.939) up to 11.46%
(price 99.852) with the average at 11.44% (price 99.887).
27/ Yields accepted ranged from 9.28% (price 99.816) up to 9.35% (price
99.623) with the average at 9.32% (price 99.706).
26 / Price accepted ranged from 106.10 (yield 9.75%) down to 104,84
(yield 9.95%) with the average at 105.27% (yield 9,88%),
29 / Yields accepted ranged from 10.08% (price 99.248) up to 10.18%
(price 98.322) with the average at 10.12% (price 98.876).
30 / Yields accepted ranged from 9.29% (price 100.151) up to 9.40% (price
99.956) with the average at 9.37% (price 100.009).
31/ Yields accepted ranged from 9.56% (price 100.177) up to 9.69%
(price 99.654) with the average at 9.66% (price 99.775).
32 / Yields accepted ranged from 8.55% (price 100.135) up to 8.65% (price
99.955) with the average at 8.63% (price 99.991),
33/ Yields accepted ranged from 8,94% (price 99.785) up to 9.01% (price
99.555) with the average at 8,99% (price 99.621),
34/ Yields accepted ranged from 10,40% (price 99,813) up to 10,44%
(price 99,515) with the average at 10,42% (price 99,664),
35 / Yields accepted ranged from 8.92% (price 99.919) up to 9.00% (price
99.776) with the average at 8.97% (price 99.830).
36 / Yields accepted ranged from 9.85% (price 99.955) op to 9.90% (price
99.818) with the average at 9.88% (price 99.873).
22/ Yields accepted ranged from 10.73% (price 100.121) up to 10.85%
(price 99.399) with the average at 10.81% (price 99.639).
36/ Prices accepted ranged from 97.40 (yield 10.66%) down to 96.18
(yield 10.80%) with the average at 96.91 (yield 10.71%).
39/ Yields accepted ranged from 11.18% (price 99.904) up to 11.26%
(price 99.765) with the average at 11.24% (price 99.799).
40/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78%
(price 99.759) with the average at U.76% (price 99.835).
41/ Yields accepted ranged from 11.85% (price 100.043) up to 11.96%
(price 99.853) with the average at 11.93% (price 99.905).
42/ Yields accepted ranged from 12.05% (price 100,233) up to 12,15%
(price 99.923) with the average at 12.13% (price 99.985).
43/ Yields accepted ranged from 11.48% (price 100.088) up to 11.75%
(price 98.197) with the average at 11,61% (price 99,171),
44/ Ab a result of correcting an overstatement by a Federal Reserve Bank
of the amount of noncompetitive tenders received, the total amount
of accepted tenders was changed from S4,500 million to S4,315
million.
Neither the average yield nor the amount or range of
competitive tenders was affected.
f,
PDO-4
45/ Yields accepted ranged from 12,19%
(price 99.767) with the average at
46/ Yields accepted ranged from 13.09%
(price 09.502) with the average at
47/ Yields accepted ranged from 12,95%
(price 99,342) with the average at
48 / Yields accepted ranged from 12.69%
(price 09.090) with the average at
49/ Yields accepted ranged from 13.91%
(price 99.755) with the average at
50 / Yields accepted ranged from 13,40%
(price 99.698) with the average at
51 /
52 /
53/
54/
55 /
56/
57/
58/
59/
60 /
6U
62/
63 /
64 /
65 /
66 /
67/
68/
69/
70/
71 /
72/
73/
74/
75/
76/
77/
76/
70/
80/
61 /
62/
83/
84/
85/
66/
87/
88/
89/
*
p
(price 99,888) up to 12,26%
12,24% (price 99.801).
(price 100.438) up to 13.40%
13,31% (price 99,837).
(price 100,276) up to 13.12%
13,07% (price 99,6tft).
(price 100.461) up to 12.87%
12.81% (price 99.543).
(price 99.941) up to 14.02%
13.99% (price 99,805),
(price 100.211) up to 13,54%
13.52% (price 99.771).
Yields accepted ranged from 15.13% (price 99.992) up to 15.18%
(price 99.908) with the average at 15.15% (price 99.958).
Yields accepted ranged from 13.93% (price 100.209) up to 14.06%
(price 99.821) with the average at 14.03% (price 99.910),
Yields accepted ranged from 12,38% (price 99,957) up to 12,50%
(price 99,407) with the average at 12,49% (price 99,453),
Yields accepted ranged from 11.77% (price 99.787) up to 11.84%
(price 99.255) with the average at 11.82% (price 99.407).
Yields accepted ranged from 13.65% (price 99.958) up to 13.71%
(price 99.856) with the average at 13.69% (price 99.890).
As a result of correcting an understatement by a Federal Reserve
Bank of the amount of competitive tenders received, the total
amounts of tenders received and accepted were increased by SlOO
million. The average vield was not affected.
Yields accepted ranged from 13.32% (price 99.809) up to 13.40%
(price 99.592) with the average at 13.37% (price 99.673).
Prices accepted ranged from 100.85 (yield 12.83%) down to 100.25
(yield 12.94%) with the average at 100.50 (yield 12.89%).
Prices accepted ranged from 100.81 (yield 12.63%) down to 100.26
(yield 12.70%) with the average at 100.43 (yield 12.68%).
Yields ranged from 13.94% (price 99.890) up to 14.00% (price 99.789)
with the average at 13.97% (price 99.839).
Yields ranged from 13.74% (price 99.865) up to 13.74% (price 99.610)
with the average at 13.79% (price 99.663).
Yields accepted ranged from 12.61% (price 100.026) up to 12.66%
(price 99.905) with the average at 12.65% (price 99.957).
Yields accepted ranged from 13.46% (price 99.744) up to 13.51%
(price 99.953) with the average at 13.49% (price 99.653).
Yields accepted ranged from 13.13% (price 90.870) up to 13.26%
(price 06.063) with the average at 13.21% (price 99.310).
Yields accepted ranged from 13.24% (price 100.025) up to 13.39%
(price 99.355) with the average at 13.34% (price 99.577).
Yields accepted ranged from 14.35% (price 100.253) up to 14.63%
(price 99.781) with the average at 14.51% (price 99.983).
Yields accepted ranged from 15.79% (price 99.907) up to 15.82%
7prlce 99.638) with the average at 15.81% (price 99.861).
Yields accepted ranged from 14.44% (price 100.312) up to 14.60%
(price 99.482) with the average at 14.56% (price 99.689).
Yields accepted ranged from 13.65% (price 100.177) up to 14.01%
(price 99.053) with the average at 13.99% (price 99.192).
Yields accepted ranged from 15.70% (price 99.876) up to 15.74%
(price 99.809) with the average at 15.72% (price 99.642).
Yields accepted ranged from 13.84% (price 100.131) up to 14.02%
(price 99.460) with the average at 13.95% (price 99.720).
Yields accepted ranged from 14.69% (price 99.891) up to 14.74%
(price 99.607) with the average at 14.72% (price 99.840).
Yields accepted ranged from 13.98% (price 100,060) up to 14,06%
(price 99.621) with the average at 14.04% (price 99.681).
Yields accepted ranged from 13.36% (price 100.004) up to 13.49%
(price 99.106) with the average at 13.45% (price 99.382).
Yields accepted ranged from 13.95% (price 100.199) up to 14.14%
(price 99.369) with the average at 14.07% (price 99.674).
Yields accepted ranged from 15,66% (price 99,992) up to 15,95%
(price 99.876) with the average at 15.92% (price 99.925).
Yields accepted ranged from 15.94% (price 99.870) up to 15.97%
(price 90.795) with the average at 15.96X (price 99.820).
Yields accepted ranged from 14,93% (price 99,719) up to 15.02%
(price 99.262) with the average at 14.98% (price 99.4h5).
Prices accepted ranged from 98.99 (yield 14.00%) down to 96.46
(yield 14.08%) with the average at 96.58 (yield 14.06%).
Yields accepted ranged from 16.20% (price 100.083) up to 16.28%
(price 99.050) with the average at 16.26% (price 99.983).
Yields accepted ranged from 16.05% (price 100.043) up to 16.19%
(price 99.561) with the average at 16.14% (price 99.733).
Yields accepted ranged from 16.03% (price 99.950) up to 16.17%
(price 99.719) with the average at 16.12% (price 99.802).
Yields accepted ranged from 15.89% (price 99.957) up to 15,93%
(price 99.842) with the average at 15.91% (price 99.899).
Yields accepted ranged from 15.72% (price 100.062) up to 15.82%
(price 99.458) with the average at 15.78% (price 99.699).
Yields accepted ranged from 15.33% (price 100,186) up to 15,44%
(price 99.725) with the average at 15.40% (price 99.892).
Yields accepted ranged from 15.53% (price 99.950) up to 15,59%
(price 99.651) with the average at 15.56% (price 99.900).
Yields accepted ranged fromm 14.36% (price 100.036) up to 14.46%
(price 99.799) with the average at 14.43% (price 99.870).
Yields accepted ranged from 14.33% (price 99.582) up to 14.36%
(price 99.425) with the average at 14.33% (price 99.582).
Yields accepted ranged from 13.98% (price 100.141) up to 14.24%
(price 98.342) with the average at 14.10% (price 99.303).
Less than S500.000.
Preliminary.
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table PDO-&
-
Unmatured Marketable Securities Issued
at a
Premium
or Discount
Other than Advance Refunding Operations
Description of securities
7-3/4Z
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
Interest
rate
(percent)
Eligible securities exchanged
November 1981
39
PUBLIC DEBT OPERATIONS
,
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Ooerations
Date of
Description of securities
financing
Amount Issued
(In millions)
Average prin
per hundred
-
Continued
Effective
Interest
(percent)
1984-CanClnued
6-3/8%
7-1/4Z
Bond
-
8/15/84
RligiMe securities exchanged
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-5.
-
Unmatured Marketable Securities Issued
at a
Premium
Other than Advance Refunding Operations-Continued
Description of aecuritlRS
1989
5/15/89-A
5/15/89-04
I1/15/89-B
5/15/90
S/15/9n-A
II/15/9n-»
5/15/91-A
8/I5/9I-B
8/15/92
2/15/93
2/15/03
5/15/93-98
8/15/9 3
11/15/93
or Discount
November 1981
41
PUBLIC DEBT OPERATIONS
Table PDO-6. - Unmatured Marketable Secarities Issued at a Pxemiuai or Discount
Other than Advance Refunding Operations
De
-
Continued
Treasury Bulletin
A2
PUBLIC DEBT OPERATIONS"
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills i
(
In
millions of dollars)
November 1981
43
PUBLIC DEBT OPERATIONS
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other than Regular Weekly Series
(Dollar amounts In millions)
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table PDO-7.
- Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollars
aiDoa>iL.s
•iLlIlons)
Called or maturing secur ities 1/
Date of
:
45
November 1981
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Isaaed to Official Institutioas of Foreign Conntries
(payable In U.S. dol Ig rs
Issue
1980-October
Certificates of indebtedness.
1981- January
Blll«...
Februar y
Bills
Ho tter ^nioimta tn tBlLltons)
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table PDO-8.
- Foreign
Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries-Continued
(Payable In U.S. dollars; duller amounts In mllllonB)
Securities
1981 "June
Bills.
Notes.
July
Bills..
Notes.
Augus t
Bills..
September
Bills
47
November 1981
._ PUBLIC DEBT OPERATIONS
Table PDO-9.
-
Foreign Currency Series Securities
Issued to Residents of Foreign Countries
(Dollar amounts In millions)
Month
actlv
Treasury Bulletin
48
.UNITED STATES SAVINGS BONDS.
Series EE and HH Bonds, on sale since January
savings bonds currently sold.
through April 30,
19<*1.
I,
1980, are the only
Series A-D were sold from March
Series E was on sale from May
1,
from June
1,
1,
1941
through April 30, 1952.
1952 through December 31, 1979.
Table SB-1.
-
1935
through
1941
December 31, 1979 (through June 1980 to Payroll Savers only).
and G were sold from May
1,
Series F
Series H sold
Series J and K were sold
from
Hay
changes
In
1952
I,
In
Issues,
Treasury
1959.
Annual
May
through
Bulletins
and
Report
October
of
April
the
of
April
1961,
In
1951,
June
Secretary
Details
the
of
principal
May
1968,
of
the
1957,
and
October
September
Treasry for
and
1970;
fiscal
December
and
years
the
1966
through 1980.
Sales and Redemptions by Series, Cumulative through
(
1957.
30,
Interest yields, maturities, and other terms appear
September
30,
1981
millions of dollars)
Amount outstanding
Accrued
discount
Series
Series
Series
Series
A-D 2/
E,
EE,
F and G
J and K
Total A-K
3,949
H,
and HH.
Sales plus
accrued
discount
Redemptions
1/
Interesthearing debt
Matured
non-interestbearing debt
November 1981
49
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
(In ml
1 1
Sales plus
accrued
discount
Sales
price
Amount outstanding
1/
Accrued
discount
3/
E,
Fiscal years
1941-70.
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
:
Calendar years
1941-70
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
Months
1980-Oct
Nov
148.455
5.0n2
5,939
6.514
6.429
6,826
7.293
1,833
7,895
8,026
7,295
4,819
:
150,812
5,477
6,236
6,270
6,862
7,038
7,555
7,954
7,959
6,988
4,124
:
Dec
294
259
289
1981-Jan
Feb
Mar
Apr
May
June
348
279
375
193
2S6
July
Aug
278
260
225
246
Sept
Oct
301
30,411
K
ions of dollars)
Redemptions
Accrued
discount
E through
EE, H, and HH
Interestbearing debt
Matured
non-lnterestbearlng debt
50
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K— Continued
(In millions of dollars)
Redemptions 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
Series E and EE
Fiscal year s:
1941-70
1971
1972
1973
1974
1975
1976
T.0
1977
1978
1979
1980
Calendar years
1941-70
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
Months
1980-Oct
Nov
Dec
137,805
4.870
5,650
6,190
6,145
6,503
6,975
1,761
7,576
7,774
7,061
4,684
30.411
2.056
2,310
2,564
2,749
3.252
3,496
902
3,827
4.104
4.318
4.171
168,216
6,926
7,960
8,755
8,894
9,755
10,471
2,663
11,403
11,879
11,379
8,855
121.838
4.959
4,972
5,209
6,156
6,063
6,114
1,611
6,638
7,244
10,151
15.417
140,026
5.218
5,922
5,988
6,524
6,729
7,245
7,638
7,718
6.783
4.028
31.408
2,192
2,426
2,673
2.994
3,368
3,597
3,910
171,434
7,411
8,348
8,661
9,518
10,097
10,841
11,548
11,898
11.081
8.151
124.300
:
4,180
4,298
4,124
4.871
5,007
5,740
6,318
57886
6,336
6,686
7.645
1U.367
14,346
:
1981-Jan
Feb
Mar
329
341
259
288
349
277
Apr
May
June
317
267
368
197
261
275
July
Aug
Sept
Oct
274
263
258
259
636
536
626
632
633
865
250
427
375
674
606
704
447
688
650
1,752
1,117
979
915
929
889
402
358
359
676
620
617
816
904
840
319
578
792
358
327
336
.05
V
Accrued
discount 3/
Exchange of
E bonds for
H and HH bonds
AiDOunt
outstanding
(Interestbearing debt)
November 1981
51
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In mllliona of dollars)
Unclassified
Series E, EE,
H, and HH
Series E, EE,
H, and HH
Fiscal years
1951-64
1965
1966
:
140
39,488
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
22,025
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2.036
797
.975
,703
3,578
3,157
5,654
10,430
794
-577
3,153
5,651
10.428
129.586
5,244
5.365
6,210
6,833
6,291
6,771
7,110
8,200
12,326
15,543
i7.346
2,022
2,053
2,508
2,627
2,481
3,275
2,556
3,129
6,459
10,112
36,958
2,014
2.047
2,505
2.622
2,481
3,275
2,556
3.125
6,448
10,116
692
691
945
473
473
353
1,866
1,219
1,089
982
1,001
972
397
397
1,193
1,413
838
617
829
1,193
1,413
838
881
982
922
864
38
657
714
672
738
657
714
672
.346
,724
922
,982
339
,748
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
425
.338
,586
681
.517
,543
,689
T.O
1977
1978
1979
1980
064
747
Calendar years
1951-70
2.121
2,724
2,545
2,816
:
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
Months
1980-Oct
Nov
Dec
:
1981-Jan
Feb
Mar
Apr
May
June. ...
July
Aug
Sept
Oct
353
547
7
546
617
828
7.463
7/
52
Treasury Bulletin
UNITED STATES SAVINGS BONDS
Table SB-6.
-
Sales
by
States,
Series
EE and HH Combined, Fiscal Year 1981
_/
Inception
through
September
1981
Alabama
Alaska
Arizona
July
1/
2,302,926
163,518
1,127,6 25
5,237
232
1.890
4,924
5,377
247
282
1,713
,197,6^6
,514,458
1.753,575
1.558
15,964
4,115
Connecticut
Delaware
District of Columbia
3,707,040
777,173
2,819,811
Florida
Georgia
Hawaii
Sept.
4,443
5.557
4,192
4.708
5,068
4,315
4,972
4,188
287
269
1,847
29?
5,576
2,256
285
2,427
308
2,210
241
1.951
265
2,199
5,140
287
2,051
2,558
299
2,279
1,598
16,982
2,733
1,419
14,146
2,594
1,549
14,380
2.706
1,642
19,761
2,710
1,377
13,313
2,406
1,449
12,975
2,110
1,489
24,527
2,408
1,498
17,043
2,327
1,231
16.961
2.591
1,514
16,744
2,552
1,407
15,269
2,388
4,604
6,676
8.774
7,023
1,651
5,068
1,401
1.812
1,271
6.626
4,690
6,728
1,304
5,026
6,083
1,257
4,698
6,611
1,190
5,100
6,221
1,127
5,810
6,984
1,322
4,357
6,260
1,256
4,770
5,844
1,038
6,850
4,824
5,821
1,233
5,071
3,956.470
2, 819, 906
821,193
12,310
7.342
1,035
11.998
8,339
1,365
13,881
11,624
5,653
1,226
8,489
7,458
1,893
11,847
7.154
1,328
16,037
6,754
12,038
7,319
251
789
185
12,443
7,196
1,080
12,240
6,704
1,025
10,501
7,074
848
11,650
6,541
898
Idaho
Illinois
Indiana
463 475
16,440,289
6 334 440
34
799
18,231
10,540
732
18,599
7,683
483
24.422
10,526
526
449
23,024
12,647
435
13,949
7,455
717
20.679
9,470
508
14,170
8,211
547
20.635
7,422
440
18,043
6,071
449
21,101
9,579
15,810
13,567
12.547
13,800
Iowa
Kansas
Kentucky
4,903,592
3,070,379
3,670
3,540
4,156
3,276
3,270
4,514
4,054
2,732
3,151
4,046
3,112
2,935
3,526
2,678
2,722
2,766
2,674
3,496
2,543
2,859
5.581
1
3,723
3,144
4,283
2.453
2,603
3,371
2,459
2,607
3,490
2,800
2,824
3,146
2,368
2,634
Louisiana
Maine
Maryland
2,150,992
803 7 59
3,828,617
4,738
1,113
7,493
4,865
1,303
7,670
2,791
1,253
5,407
1.089
12,716
5,403
4,869
4,654
,114
1,242
1,231
7,329
4,135
1,057
7,561
4,343
7,483
4,544
1,203
7,945
6,845
8,862
19,674
4,253
955
8.482
4,478
940
10,748
6,376,530
9.643
14.459
4,105
9,946
14,433
4,529
8,612
14,683
6,196
11,106
8,173
5,506
8,437
7,946
5,349
9,811
7,539
4.576
8.167
7,446
4,907
8,018
8,160
4,607
9,140
7,929
4,932
8,230
7,854
4,316
7,865
7,718
4,614
5,914
7,426
3,930
1,972
11,058
629
1,242
11,169
664
1,979
7,733
2,256
7,399
2,150
6,594
1,957
6,768
671
714
1,932
6,774
679
1,866
6,054
670
6,578
795
2,097
6,874
745
2,253
6,730
734
2,293
542
1,605
449
853
1,603
497
810
1,437
550
784
1,609
517
952
1,557
911
2,016
488
803
835
1,870
538
735
1,011
472
676
12,726
1,284
29,865
12,552
1,363
28,687
12,873
1,183
24,563
4,820
4,914
4,320
537
400
13,176
1/
Arkansas
California
Colorado
Massachusetts
Michigan
Minnesota
1
1
,
,
,
2
,530 ,26
.
1
3, 2 18
,930
3,893,433
7
8,758
1
3,281
,197
I
Mississippi
Missouri
Montana
I
141 ,070
6,251,931
869,155
2,033
12,127
Nebraska
Nevada
New Hampshire
2,878.844
317,561
536,284
2,850
416
995
2,438
332
1,107
2,092
414
947
9,190,232
668,994
24,939,645
14,957
1,358
27,143
13,935
1,540
34,202
13.767
1.441
32.418
14,746
1,397
33,746
13,643
1,406
29,634
11,652
1,265
114,538
, 06
1,243
27,683
13,763
1,308
39,266
11,660
2,805,896
852,964
5,876
4,988
5,550
5,354
4,738
4,576
4,409
486
19,162
7,176
536
15,229
537
566
581
1
542
522
24,243
9,528
13,368
10,329
8,952
20,297
5,052
548
14,877
15,150
498
14,437
New Jersey
New Meilco
New York
,
581
1
2
1,252
33,634
715
28
7
1,907
591
North Carolina
North Dakota
Ohio
1
Oklahoma
Oregon
Pennsylvania
1,911 ,027
19,769 ,970
3,094
1,896
38,130
2,793
3,097
34,422
3,022
2,010
38,581
2,577
2,022
27,840
3,090
2,024
30,075
2,503
1,800
35,825
2.720
1,803
27,643
2,585
1,848
32,453
2.670
2,035
25,703
2,480
1,997
25,557
2,603
1,623
26,534
27,272
Rhode Island
South Carolina
South Dakota
983.717
1,336,811
1,065,004
2,146
2,159
568
1.557
2,517
593
1,879
2,153
1,537
1,845
635
1,270
2,051
749
2,096
1,694
1,578
1,521
631
1,799
1,848
713
1,724
1,812
631
661
1,701
1,612
563
1,402
1,755
603
1,233
1,686
527
Tennessee
Texas
Utah
2,523, 342
8,108,947
949,930
4,549
20,393
1,175
4,691
22,282
1,136
6,608
20,372
1.265
5,805
21,385
6,020
25,970
1,061
1,584
6,637
24,929
1,238
5,401
20,914
990
5,779
21,826
1,244
5.648
19,406
1,117
6,061
18,281
1,361
5,161
22,099
2,264
6.057
19.230
3.229
550
7,659
3,268
608
8,667
3,641
498
24,415
3,468
319
480
6.406
4,480
409
30,584
3,590
355
274
6,258
3,675
6,354
4,546
7,903
3,777
2,514
7,354
346
2,350
2,501
5,446
2,517
96
228
3.807
,
7
55
2,549,829
657
Vermont
Virginia
Washington
4,322,217
West Virginia
Wisconsin
Wyoming
2,200,446
4,607,824
356.268
3,028
5,228
3,110
5,260
394
371
3,043
4,957
363
142,662
144,783
15,639
241
233
250
285
208
92
213
ISl
175
179
183
42
_3'+369 , 555
-65,870
-75,484
-63,897
+42,281
,820,969
262,098
258.545
289,199
348,062
280 ,240
3, 276, 389
Canal Zone
Puerto Rico
Virgin Islands
Undistributed and adjustment
to Monthly Statement of the
Public Debt of the United
States
Total
2 19
47
401
169
372
6,735
6,627
3,554
5,992
3.315
405
6,086
4,384
2,762
5.616
402
.827
.243
380
2,489
5,674
422
51
60
277
69
205
95
47
190
3.661
2,639
5.759
383
Series EE and HH Bonds have been on sale since January 2, 1980.
Includes Series E Bonds on sale from May 1, 1941 through June 30, 1980
and Series H Bonds on sale from June 1, 1952 through December 31, 1979.
Figures Include exchanges of minor amounts of Series F and J Bonds Into
Series H Bonds from January 1960 through October 1964; Series J Bonds
Series H Bonds through October 1969; and U.S. Savings Notes from February
1972 to date.
However, they exclude Series E Bonds exchanged for Series
H Bonds.
2,983
5,510
342
21
207
33
115
5,651
2,400
1,911
3
371
5,121
370
76
137
54
65
169
49
92
84
34
39
279,324
Excudes data for April 1947 through December 1956, when reports were not
available.
In previous issues of the Treasury Bulletin, data for May 1041
through March 1947 were Included In "Other Possessions" and data for
calendar years 1957 and 1958 were included in "Adiustment to Monthly
Statement of the Public Debt of the U.S."
3/ Includes a small amount for other possessions.
2/
.
.
November 1981
53
.UNITED STATES SAVINGS NOTES
1967
The principal terms and conditions for purchase and re-
The notes were eligible for purchase
demption and informa tion on investm -nt yields of savings notes
the simultaneous purchase of Series E
appear in the Treasury Bulletins of March 1967 and June 1968;
United States savings notes were on
through June ^0, 1970.
by
individuals
with
sale
May
1,
and in the Annual Report of the Secretary of the Treasury for
savings bonds.
fiscal year 1974.
Table SN-1.
-
Sales and Redemptions by Periods
(In millions of dollars)
Ace rued
discount
Fiscal years
1967-69
Sales plus
accrued
discount
Sal
pri
Accrued
discount
Amount
outstanding
;
528
323
1470.
1971.,
1972.,
1973.,
12
25
33
1974.,
35
1975.,
1976.,
T.Q..,
1977..
31
24
1978.,
1979.,
1980.
3 5
34
111
105
157
28
29
167
85
69
35
33
77
75
22
6
45
77
23
3b
58
62
58
32
8
24
22
31
19
11
28
21
21
21
31
27
124
28
29
39
25
24
23
22
21
28
29
39
25
24
23
22
71
21
Calendar years
540
347
44
505
742
619
6
10
H
561
11
519
14
477
435
413
407
17
12
12
394
385
20
35
304
3
59
;
1967-70
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
Month ;
1980-Ott
82
53
42
21
52
21
20
30
19
71
!8
35
33
1
Dec.
2
1931-Jan
Feb
Mar
Apr.
14
13
496
453
424
406
12
13
22
393
383
352
33
300
1
303
1
302
2
300
1
300
2
Nov.
Hay
June
584
540
116
62
60
74
.
.
.
2
2
1
6
3
10
5
1
5
3
3
1
5
2
.
.
2
July..
Aug.
Sept..
.
Oct.
283
282
279
276
275
273
.
1
Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
Figures shown thereafter
Sales were discontinued after June 30, 1970.
represent adjustments.
Source;
1/
2
.
295
287
2/
*
Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
Less than $500,000.
Treasury Bulletin
34
OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-1.
-
Distribution of Federal SecuritiM by Classes of Investors and Type of Issues
November 1981
53
"OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
Estimated Ownerahip of Public Debt Securities by Private Investors
-
(Par values 1/ In billions of dollars)
Nonbank Investors
Individuals
End of
month
Total
prlvately
held
3/
Coauner-
clal
banks
2/
Saving bonds
Series
E and H
Other
Series
7/
56
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
onthly Treasury Survey
States
Governneot
District
of
,
of
Ownerahlp covers securities
agencies
Federal
Colunbla.
The
banka
,
and
Issued by
Pederally-spoosored
Insurance
agencies
companies
the
.
included
United
and
the
In
the
In
Survey currently account for about 80 percent of all such securities held by
these inatltuttons.
The similar proportion for corporations and for savings
and loan aasoclatlons la 50 percent, and for State and local governments, 40
percent.
Data were first
published for banka and Insurance companlea In the
the
September
19(in
Bulletin,
for
State and
local
governmenta
In
the
Holdings
by
commercial
bank dlatrlbuted
according
to
Federal
Reserved
member bank classes and nonmember banka are publlahed for June 30 and December
?I.
Holdlnga by corporate penelon truat funds are published quarterly, flrat
appearing In the March 1954 Bulletin.
Hay 1941 Treasury Bulletin, for corporations and savings and loan association
Table TSO-1. -Summary of Federal Securities
September SO, 1981
(Par valuea - in mllllonB of dollara)
Classification
and
February 1962 Bulletin.
57
November 1981
_TREASURY SURVEY OF OWNERSHIP
Table TSO-2.
-
September
30,
1981
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - In nllUons of dollara)
58
Treasury Bulletin
-TREASURY SURVEY OF OWNERSHIPSeptember 30, 1981
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Par values - In million of dollars)
Held by Investors covered In Treasury Survey
Total
amount
outstanding 1/
Treasury Notes
13-7/8
9-3/8
15-1/8
8
13-5/8
13-7/8
9-1/4
12-5/8
14-1/2
7-7/8
11-5/8
15-5/8
8-7/8
14-5/8
15-7/8
11-7/8
9-1/4
16-1/4
9-3/4
15
7
9-7/8
10-1/2
7-1/4
14-1/4
9-1/4
13-1/4
15-3/4
8-7/8
7-1/4
13-1/4
12-1/8
16
14
8
13-3/8
10-3/8
14-3/8
14
8-1/4
9-5/8
15-7/8
11-3/4
13-1/2
13-3/4
7-7/8
8
13-7/8
16-1/8
— (Continued)
Nov.
Dec.
Dec.
Feb.
Jan.
Feb.
Mar.
Mar.
Apr.
May
May
May
June
June
July
Aug.
Aug.
Aug.
Sept.
Sept.
Nov.
Nov.
Dec.
Feb.
Mar.
May
May
Hay
June
Aug.
Aug.
Sept.
Nov.
Dec.
Feb.
Mar.
May
May
June
Aug.
Aug.
Sept.
Nov.
Feb.
May
May
Aug.
Nov.
Nov.
9
Feb.
12
7-5/8
May
12-3/8
13-1/4
8-1/4
14
8-3/4
9-1/4
10-3/4
10-3/4
Nov.
Jan.
Apr.
May
July
Nov.
May
Nov.
Aug.
Nov.
14-1/2
May
14-7/8
Aug.
Exchange Series.
13
1982-Y.
1982-L.
1982-2.
1983-A.
1983-M.
1983-N.
1983-D.
1983-P.
1983-0.
1983-C.
1983-G.
1983-R.
1983-E.
1983-S.
1983-T.
1983-1.
1983-K.
1983-'J.
1983-F.
1983-V.,
1983-B.
198 3-1,.1983-H.
1984-A.,
1984-D.
1984-C.,
19S4-G.
1984-K.
1984-E.
1984-B..
1984-J.
1984-F..
1984-L.,
1984-H..
1985-A.,
1985-';.,
1985-C.,
1985-D.
1985-H.,
1985-B..
1985-E.,
1985-1.,
1985-F.,
1986-C..
1986-D.
1986-A.,
1986-B..
1986-E.,
1986-F..
1987-8..
1987-c.,
1987-A.,
1988-C..
1988-D..
1988-A..
1988-E..
1988-B.,
1989-A..
1989-B..
1990-A..
1990-B..
1991-A..
1991-B..
4,966
U.S. Governaccounts and
Federal
inent
Reserve
banks
cial
banks
456
mutual
savings
banks
2/
2/
5,32ft
commer-
Insurance companies
4 7(1
2«7
life
438 fire,
casualty,
and
marine
savings
and loan
associations
409
corporations
State and local
governments
3in
179
general
funds
pension
and retirement
funds
Held by
all
other
Investors 3/
Memorandum;
held by
61,0R2
corporate
pension
trust
fund 4/
November 1981
59
TREASURY SURVEY OF OWNERSHIP
September
Table TSO-3.
-
30,
1981
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Par values
-
In million of dollara)
Held bv Investors covered In Treasury Survev
Treasury Bulletin
60
-TREASURY SURVEY OF OWNERSHIPSeptember 30, 1981
Table TSO-1.
Securities Issued by
Government Agencies
(Par values - In Billion of dollara)
Held by Invegtora cowered In Treaaury Survey
November 1981
61
.MARKET QUOTATIONS ON TREASURY SECURITIES, October
Current market quotations shown here are over-thecounter closing bid quotations In the New York market for
the last trading day of the month, as reported to the
Treasury by the Federal Reserve Bank of New York,
The
Table MQ-1.
Amount outstanding
30,
1981
securities
listed
Include
al 1
regularly quoted
public
marketable
securities
Issued
by
the
United
States
Treasury.
Securities
Issued
Federal agencies and
by
guaranteed bv the United States fiovernment are excluded.
-
Treasury BiUs
62
Treasury Bulletin
-MARKET QUOTATIONS ON TREASURY SECURITIES,
Table MQ-2.
-
Treasury Notes-Continued
(Price decimals are 32nds)
October 30, 1981
November 1981
65
MARKET QUOTATIONS ON TREASURY SECURITIES,
Table MQ-3.
-
Treasury Bonds
(Price decimals are 32nds)
October 30, 1981
Treasury Bulletin
64
.MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER
30,
1981
00
o
CO
CO
LU
CO
O
Io
LU o
D
h- ^
El
OS
LU o
CO §
fl
CO
CO
<
LU
OC
ILL
O
CO
Q
_l
LU
>
^
o
a
c
U
November 19S1
63
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
-
Treasury
bonds 1/
Average Yields of Long-Term Treasury. Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
Monthly series - averages of dally or weekly series
Jan
Feb
6.86
5/6.
Mar
Apr
May
June
6.39
6.53
6.94
6.99
July
Aug
Sept
6.57
6.75
6.63
6.59
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
V6.24
5.97
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
V5.46
5.48
5.62
Jan
Feb
Mar
Apr
May
June
5.62
5.67
5.66
5.74
5.64
5.59
July
Aug
Sept
Oct
Nov
Dec
V5.59
5.59
5.70
5.69
5.51
5.63
9.00
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury Bulletin
66
AVERAGE YIELDS OF LONG -TERM BONDS.
..
.
,
November 1981
67
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-? presents an area breakdown of United States Uabllitles
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.
to official
Table IFS-A shows United States Treasury nonraarketable bonds and
notes issued to official Institutions and other residents of foreign
countries.
the
United States,
Table IFS-1 shows the reserve assets of
Including its gold stock, special drawing rights held in the Special
the
International Monetary Fund,
holdings of
Drawing
Account
In
position
In
currencies
and
reserve
the
convertible
foreign
International Monetary Fund.
Table IFS-5 sets forth the factors which affect the United States
position In the International Monetary Fund.
,
Table IFS-f^ presents a measure of weighted-average changes In
exchange rates between the United States dollar and the currencies of
certain other countries.
Table IFS-2 brings together statistics on liabilities to foreign
and liquid liabilities to all other foreigners
official institutions
which are used In the United States balance of payments statistics.
,
Table IFS-1.
-
Reserve Assets
U.S.
(In millions of dollars)
Gold stock 2/
End of
calendar year
or month
Total
reserve
assets 1/
(1)
1972
1973
1974
1975
1976
1977
1978
1979
1980
7/13.151
1980-Oct..
Nov..
Dec. .
1981-Jan.
Feb..
Mar..
Apr. .
May..
June.
July.
Aug.
Sept.
Oct.
(2)
(3)
Special
drawing
rights 1/ 4/
Foreign
currencies
(4)
C5)
5/
Reserve
position In
International
Monetary Fund
(6)
1/
6/
Treasury Bulletin
68
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2. - Selected U.S. Liabilities to Foreigners
(In millions of dollara)
Liabilities to foreign countries
Official Institutions 2/
End of
(1)
C2)
November 1981
69
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.
-
U.S.
Liabilities
to
Official
C
End of
calendar year
or month
Total
Institutions of
In millions of dollars)
Foreign Countries, by Area
Treasury Bulletin
10
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4.
Issaed to Official
-
Nonmarketable U.S. Treasury BondB and Notes
Institutions and
Other Residents of Foreign Countries
(In millions of dollars or dollar equivalent)
End of
calendar
year o*month
Payable In dollars
Grand
November 1981
71
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.
-
U.S.
Position
in
the
International
Monetary Fund
(In mllllone of dollars)
Transactions affecting IMF holdings of dollars
during period
Calendar year
or month
IMF holding
Treasury Bulletin
12
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
.
.
.
,
1
.
,'
November 1981
73
CAPITAL MOVEMENTS
Data relating Lo (.apiLal myvetnenCb between the United Rtateb and
under Treasury
foreign
have
been collected
since
l'^35
tuuntnes)
6560 of January 15, I*) 34,
regut at ions pursuant to Execut ive Orders Nos
and 10033 of February B. 1949, and the International Investment Survey
At L ot 1976.
Reports are filed with Federal Reserve banks by hanks,
bank holding companies, securities brokers and dealers, and nonhanktne
Statistics on the principal tvpes of
enterprises in the United States.
data by country or geographical area are then consolidated and are
published in the monthly Treasury Bulletin.
.
The reporting forms and
instructions 1/ used in the Treasury
International Capita
(TIC) Report ing System have been revised a number
of times to meet changmR conditions and to increase the usefulness of
the published statistics.
Revisions to the reporting forms are cart of
an ongoing effort
to ensure
the adequacy of the Treasury capital
movements statistics for analysis and policy formulation with resoect to
the
international
financial position of the United States and on
movements of capital between the United States and foreign countries
Revised forms and i nst rue t ions are developed with the cooper at ion of
other Government asenc les
and
the
Federal
Reserve System and
in
and
consul tat ions with
represent at ives of hanks
securiC les f rms
Banks,
securities brokers and dealers, and in some instances
nonbanking enternrises report monthly their transactions in securities
wi th foreigners
the appl icahle exemption level is 5500,000 on Che grand
total of purchases and on the grand total of sales during the month
covered bv the report.
:
Ouarterly reports are filed bv exporters, importers, industrial and
than
hanks and
f inane ial
inst itut ions
other
commerc ial
concerns,
brokers, and other nonbanking enterprises if their liabilities or claims
Beginning
on the SI X -month average has is are ^2 mil I ion or more.
December 31, 1978, these firms also report for each month-end their U.S.
dot lar-denominated deposit and certificates of depos it claims on banks
abroad of SIO million or more.
I
i
,
,
nonhanking enterprises,
Maior revisions of the TIC B-senes forms, filed hv banks and some
brokers in the United States, became effective with reports as of April
JO,
1978; new data series were
introduced in the Julv I97ft Treasurv
Bulletin.
Also, effective March 1981, reporting coverage of the Rseries forms was enlarged to include
holdings by brokers and dealers
Substantial
of certain types of short-term money market instruments.
rev sions of the C-ser les forms
f i led
by nonbanking enterprises, were
effective with reports as of December 31, 1978r the new data series are
shown beginning with the June 1979 issue.
Revisions of the TIC forms
that affect the format and coverage of the current Tapxtal Movements
tables are noted under "nescnptinn of Statistics " below.
I
Basic
,
nefiniCions
"foreigner" as used m the Treasury reports covers all
and
ind viduals
domic led out side the United
States,
United States cit izens domic iled abroad
and the foreign
branches
subsidiaries and offices of United States banks and business
concerns; the central governments, central banks, and other official
institutions of foreign countries, wherever located, and international
and regional organizations, wherever located.
The term "foreigner" also
includes persons in the United States to the extent that they are known
by reporting institutions to be acting on behalf of foreigners.
The
Description of Statistics
Section I presents data in four tables on liabilities to foreigners
Beginning
reported by banks, brokers, and dealers in the United States.
amounts due to banks' own foreign offices are shown
April
1978,
the previous distinction between short-term and long-term
separately
been
there
is
separat ion
of
the
has
el iminated
a
I lah 1 lit les
liabilities of the respondents themselves from their custody liabilities
to
foreigners
and
foreign currency 1 iabi lit ies are only reported
Also, heginning April 1978. the data on liabilities are made
quarterly.
more complete by extending to securit ies brokers and dealers the
requirement to reoort certain of their own liabilities and all of their
custody 1 labi it ies to fore igners
;
;
;
1
Table CM- 1- 1, showing tittal liabilities by tyoe of foreign holder
combines liabilities previously shown separately as either short-term or
Table CM-I-?, Parts A and B, on foreigners' holdings of
lone-term.
liabilities by type show total liabilities payable in dol ars reported
Table CM-I-3 presents total liabilities
by banks, brokers, and dealers.
by country for recent periods and includes the long-term data previously
shown separately: whereas CM-1-4, covering total liabilities bv type and
country for the most recent month, inc ludes several data items not
The liabilites data on
reported separately prior to Aoril 19 78.
supplementary countries previously presented in Table CM-I-5 now appear
(See Section IH below.
in Table CM-lII-l.
I
term
inst itut ions
i
I
inc lud ing
,
,
,
In genera 1,
data are reported opposi te the foreign country or
geographical area in which the foreigner is domic led
as shown on the
For a number of reasons,
the
records of reporting institutions.
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 ult imate bene fie larv,
Furthermore, U.S. liabilities arising from deposits of dol lars with
foreign banks are reported generally in the Treasury statistics as
liabilities to foreign banks, whereas the liability of the foreign hank
receiving the deposit mav be to foreign official institutions or to
residents of another country.
i
,
foreign official
Data pertaining t.> branches
agencies of
institutions are re pur
oppos ite the country to which the official
institution belongs
Data pertaining to internat lonal and regional
organizations are reported opposite the appropriate international or
regional
classification
except
for
the
Bank
for
International
Settlements
ch IS included in the classification "Other Furope.
.
Geographical Class ificat ion
Sect ion II presents the cl aims on foreigners reported by banks in
the United States.
Beginning with data reported as of the end of April
1978, hanks' claims held for their own account are reported separately
from claims held for their domestic customers. The former are available
in a monthly series whereas the latter data are collected on a quarterly
basis only.
Also, there is no longer a breakdown available on the longbanks
claims.
Maturity data are
term and short-term components of
collerted quarterly on a time remaining to maturity basis as opposed to
Foreign currency c laims
the historic original maturity classification.
Beginning March l^JSl,
are also coll ec ted only on a quarterly basis.
this claims coverage was extended to certain items in the hands of
brokers and dealers in the United States.
'
Tab] e CM-Il-1 presents total claims by t vpe as reported on the old
R-ser ies forms and has been revised to inc lud e the long-term c laims
Table CM-II-2, showing total
components formerly published separately.
claims by t<f'pe, is based on the revised banking reports. Table CM-II-3,
by
the previously reported
total
claims
country,
merges
which represents
New
short-term and long-term claims data from old CM-II-2 and CM-II-5.
1-7
Tables CM-1 1-4 through CM- 1
are based on the revised reports and
replace the previous tables which showed short-term and long-term claims
separately.
Another important change in the claims reporting, beginning with
new ouarterly data as of June 30, 1978, is the adoption of a broadened
tonciept
of "foreign pub I ic borrower ," which replaces the previous
cate ory of "foreign official institution" to produce more meaningful
The
info r mat ion on lend ing to the pub I ic sector of fore ign count r ies
term "foreign public borrower" encompasses central governments and
and
of
their
foreign
countries
depa ments of central governments of
and exchange
hanks
stabilizat ion funds
foreign central
POSSi sions
authiorities;
corporations and other agencies of central governments,
incl uding development hanks, development inst itut ions and other agenc ies
whic h are ma ior ity-owned by the central government or its departments;
and local governments of foreign countries and their
Stat e
provincial
depa rt ments and agent ies and any internat ional or regional organ izat ion
ubordinate or affiliated agency thereof, created by treaty or
or
nt ion between sovereign states.
.
,
;
A number of changes in geograph ical clasu i f icat ion were introduced
Several
most Capital Movements tables in the Julv 1978 issue.
countries
formerly
inc luded
in
"Kastern Europe" and "Other Lat in
American Republics" are now shown separately in the country list as well
as d new category in the" Internat lonal and regional" grouping for
"Middle Eastern Regional " in view of the proliferation of regional
The
financial organizations in that area primarily
the Arab states.
remaining countries in the categories "Other Eastern Eurone" and "Other
Western Europe" were combined into a single "Other Europe" category; and
the
retitled
and
heading,
"Latin
America"
was
"Latin
America
Car ibbean."
To the extent poss ible, the statistics for earlier dates
have been ad justed
accordance with these revised geographical
categories
for
m
m
Reporting Coverage
Reports
required
from
banks,
bank
holding
companies,
are
in
the
secur It les brokers and dealers
and nonbanking enterprises
United States, including the branches, agencies, subsidiaries, and other
affiliates in the United States of foreign firms.
Fnt it les that have
reportable
transact ions
bel ow
liabilities,
c laims
or
secur 1 1 les
specified exemption levels are exempt from reporting.
,
,
,
,
,
:
tables on U.S. banks
two supplementary
III
inc ludes
*^ec t ion
Table CM-HI-l summarizes
liabilities to, and claims on, foreigners.
on, countries and
and
banks
own
dollar
claims
do liar liabilities to,
Beginning with reports due as
areas not regularly reported separately.
Previously,
of June 30, 1978, these data are collected semiannually.
the semiannual reports were addressed to liabilities items only and were
reported as of April and December; however, they are now collected as of
Table CM-ni-2 presents data on U.S.
the end of June and December.
banks' loans and credits to nonbank foreigners, based on the TIC reports
and on the monthly Federal Reserve 2502 reports submitted for foreign
branches of U.S.
banks.
'
show the liabilities to, and
Sect ions lU and v, respect ively
industrial
importers
claims on, unaf f il iated foreigners by exporters
inst
itut
ions other Chan banks and
f inane ial
and commerc ial concerns
The
brokers
and other nonbanking enterprises in the United States.
data exclude the intercompany accounts of nonbanking enterprises in the
United States with their own branches and subsidiaries abroad or with
(Such transactions are reported by
their foreign parent companies.
business enterprises to the Department of Commerce on its direct
The data also exclude claims held through banks in
investment forms.)
Beginning with data published in June 1979 (reported
the United States.
financial
separation of the
there
is
1978)
as of December
31
liabilities and claims of reporting enterprises from their commercial
and
terns
are collected on a t ime- remaining
I lahi
ities and claims
the
In add it ion
basis instead of the prior original maturity basis.
number of reporters increased somewhat as a result of a broad canvass of
prospective reporters undertaken in late 1978.
,
,
,
,
and some brokers and dealers file reports monthly covering
their do liar liabilities to, and dollar c laims on, foreigners
a
number of countries.
Twice a year, as of June 30 and December 31, they
also report the same liabilities and claims items with respect to
foreigners in countries not shown separately on the monthly reports.
Beginning with reports due as of June 30. IQ78, quarterly reports are
filed with respect to liabilities and c laims denominated in foreign
currenc les
vis- a -vis
exempt ion
foreigners
The
spec if led
level
appl icable to the monthly and quarterly reports is S2 mi 1 1 ion and is
based on the average for the report dates during a six-month period
including the current report date.
There is no separate exemption level
for the semiannual reports
Banks
m
.
,
,
,
1
:
i
.
Treasury Bulletin
74
CAPITAL MOVEMENTS.
In Section IV, Table CM-IV-1 combines liabilities previously shown
either short-term or long-term in old Table CH-IV-l: Table CM-IV-2
combines these short-terra and long-term liabilities by country and
Table CM-IV-3, covering
replaces previous Tables CH-IU-2 and CM-IV-4.
total liabilities by type and country for the most recent quarter-end,
includes several items not reported separately prior to December 1978.
as
The tables in Section V have been extensively revised to reflect
the changes in data collection format outlined above and the elimination
1 1 quid
c laims on
of a monthly form that covered nonbanking enterprises
Speci f ical ly
Table CM-V- 1 combines short-term and longforeigners
term c laims
Table CM-V- 2 shows total claims by country and replaces
Current Table CM-V-3 shows total
former Tables CM-V-2 and CM-V-7.
c laims by type and country and includes items that were not reported
1978.
Tables CM-V-4, CM-V-5, and CM-v-6
separately prior to end-year
no longer appear.
'
.
,
;
The data exclude
investments in the balance of payments accounts
corporat ions
securit ies issued abroad by foreign subsidiaries of U.S
some of which are treated in the balance of payments as issues of U.S.
corporat ions
.
.
The geographical breakdown of the data on securities transactions
shows the country of domicile of the foreign huyers and sellers of the
securities
in the case of outstanding issues, this may d if fer from the
The gross
f ieures
contain some
issuer.
country of the original
The net figures for total
offsettine transactions between foreigners.
transactions represent transactions bv foreigners with United States
residents; but the net figures for transactions of individual countries
and areas ntay include some t ransacCions between foreigners of d i f ferent
between
Beginning with
data
for
1969,
transact ions
countries
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
;
.
m
all types of long-term
Section VI contains data on transactions
domestic and foreign securities by foreigners as reported by banks and
broker 6 in the United States (except nonmarke table U.S Treasury notes
foreign
foreign series and nonmarke table U.S. Treasury bonds and notes
which are shown in Che " Inter national Financial
currency series
The data cover new issues of
Statistics" section, Table IFS-4).
securities, transact ions in outstanding issues
and redemptions of
securities.
They inc lude transact ions executed in the Uni ted States for
the account of foreigners
and t ran sac t ions executed abroad for the
account of reporting institutions and their domest ic customers
The
data
inc lude
some
which
are
classified
as
direct
transactions
.
;
,
,
,
,
.
1/
The data publ isbed in these sect ions do not cover al 1 types of
foreign
reported capital movements between the United States and
The principal
exc 1 us ions
are the intercompany capital
count ries.
transactions of business enterorises in the United "States with their own
branches and subsidiaries abroad or with their foreign parent companies
Consolidated
and capital transactions of the United States Hovernment.
data on all types of international capital transact ions are published by
United
St ate
the Department of Commerce in its regular report s on the
balance of payments
Copies of the report ing forms and inst ruct ions may be obtained from the Office of International Financ ial
Reports, Office of the Assistant Secretary for International Affairs, nepartment of the Treasury,
Washington, D.C.
20220, or from Federal Reserve banks.
November 1981
73
CAPITAL
Section
I
-
Liabilities
to
Table CM-I-1.
MOVEMENTS
Foreigners Reported by Banks in the United States
-
Total
Liabilities
by Type of Holder
(In millions of -ioUars)
Interaaclonal and regional 3/
Foreign countries
End of
calendar year
or month
Total
liabilities
Official Institutions
Total
Payable
In dollars
1972
1973
1974
(2)
61,68')
40.093
70,535
96,12«
96,056
96,147
111.430
127,065
169,504
189,438
r209 044
V
1975
1976
1977
1978
1979
1
(1)
980
,
1980-Oc t
Nov
Dec
198.785
207.547
r209,O44
1981-Jan:
Feb
Mar 2/
206,145
205,264
r2O6.«08
r20«.5«3
r216.474
r2I6.7R6
211.830
Apr
May
June
July
Aug.
p
Sept. p
216.708
211.082
218.508
(3)
1/
Payable
In foreign
currencies
Ranks and other foreigners
Total
Payable
In doll ars
(51
Payable
In foreign
currencies
Payable
In dollars
Payable
In foreign
currencies
Treasury Bulletin
l(y
CAPITAL MOVEMENTSSection
1
-
Liabilities
Table CM-I-2.
to
Foreigners Reported by Banks in the United States
Total Liabilities by Type,
-
Part A
(
Official instltudons
Deposits
End of
calendar
year
or month
Total
foreign
countries
(1)
1972
_4/
1973
Demand
(2)
,205
,204
1,591
1,591
(3)
2,880
2,880
V
Treas.
bills S
certlfIcates
other
liabilities 11
(4)
31.453
31.453
(5)
3,998
3,998
offices
3/
Demand
(11)
9.510
9,510
Time ll
Other
llabll
ities Ij
(12)
(13)
(14)
1,955
1,955
2,U6
2,116
65
65
569
568
529
11.302
232
232
19.546
19,355
2,729
2,729
3.796
3.744
277
277
1,581
1.743
34,199
10.195
7,534
1.873
335
19,588
3.248
4.823
325
1.704
37,725
11,516
9,104
2.297
119
25,652
4.015
6,524
198
1,797
47.820
12,677
10,933
2.040
141
29.222
4.304
7.546
240
2,560
67.415
17,376
11,257
1,429
300
7.126
37.311
4.242
8.353
285
47.666
22,81'"
13,285
1,667
422
9.125
63.817
5.087
8.755
382
56.243
22.997
14.188
1,703
623
11.231
68.670
5.356
9,676
474
4.408
50.392
55.104
56.243
21.974
22.404
22.997
13.843
13.714
14.188
1.7IS
1,782
1,703
515
529
11,537
11,328
11,211
67,683
70,458
68,670
5.096
5.393
5.356
8,945
9,184
9,676
502
513
474
4.331
4.764
4.408
19.834
18.449
1,857
1.813
2.324
2.305
1.549
1.685
1.728
631
714
11,157
10,820
r21.014
r2I.I23
rl9.370
17.478
18.696
12.889
14.287
rI2,565
rl2.567
13.493
13.394
13.628
826
827
no, 568
8 30
rll,722
10,063
10,896
70,125
68,973
r66,«44
r66,S77
r74,9S0
81,556
74,042
5.179
5.246
5.2 50
5.270
5.205
5,209
5,346
10,628
10,892
10,961
10,995
11,677
11,640
12,275
432
449
607
600
r709
3.970
4.303
r3,976
r4.l62
r3.991
4.269
4.415
20.713
17.199
17.358
12,920
13.255
15.84?
1,571
1.6R6
.090
80,717
80,413
5,116
4,871
5,441
12,719
11,464
11,170
1975
89 ,891
2,644
3.423
1976
104 ,943
3,394
2,321
1977
122 ,893
3.528
1978
164 ,235
3,390
1979
185 ,164
4,671
3,050
1980
202 953
3,771
3,612
1980-Oct
Nov
Dec
193 ,296
202 ,315
202 ,953
3,406
3,553
3.771
1.355
3.588
3.612
200 436
199 ,512
r2ni ,694
r203 ,430
r211 ,398
r211 .676
207 ,022
3,869
3,580
3,338
3,232
3,768
3,444
3,975
3.343
2,997
2,920
r2,950
r2,424
r2,654
2,563
56.522
56,988
r60,492
r60.492
61.671
57.858
57.719
211 ,880
206 .401
213 ,741
3,134
3,714
3,374
2.000
2.021
55.650
52.924
50.179
2/
405
405
4.658
4.658
V
(5)
Treas.
bills A
certlfIcates
1.911
1,910
11
1/
(«)
U.S.
To own
foreign
6,941
34.656
34,656
July
Aug. p..
Sept, p.
II
(7)
(6)
Other
liabilities
8,248
8,231
31.511
4.257
4.167
..
Tlrae
Treas.
bills S
certificates
.205
3.911
2,951
2,951
Apr
May
June.
Demand
Deposits
U.S.
6.558
2,125
It]
Other foreigners
Banks
Deposits
,222
1981-Jan
Feb
Mar.
In ml 1 1 ions o f do lars )
U.S.
Tlrae
Foreign Countries
1/
91 ,389
91 ,297
1974 ^/
-
Payable in Dollars
1.861
Includes Bank for International Settlements.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other liabilities."
Data not available separately prior to April. 1978.
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Preliminary.
Revised.
I
10.034
621
945
1
.170
1
.069
1.217
1
,430
rl 1,940
11,518
10,883
10,772
87 .160
581
568
575
624
620
3.189
4.068
4.129
4.124
.
November 1981
77
.CAPITAL MOVEMENTS.
Section
Liabilities
-
I
Table CM-I-2.
Part B
-
-
to
Foreigners Reported by Banks in tha United StJit**
Total Liabilities by Type, Payable in Dollars— Continued
Nonmonetary International and Regional Organizations
(In mlllloo of dollars)
Deposits
U.S. Treasury
bills and
certlflcatea
End of
calendar year
or month
(1)
(2)
Other
liabilities
(5)
(3)
1972
1.968
86
202
326
1,354
1973
2,716
101
83
296
2.236
1974 2/
3.973
3,992
139
497
139
111
111
497
3.226
3,245
1975
5,696
139
148
2,554
2.855
1976
5,705
290
205
2.701
2.509
1977
3,245
231
139
706
2,169
1978
2,607
330
84
201
1,992
1979
2,356
260
151
102
1,844
1980
2,344
146
85
254
1.859
1980-Oct
Nov
2,734
2,477
2,344
115
581
187
146
95
92
85
337
254
1,943
1,861
1,859
212
186
126
126
178
147
71
76
67
67
81
80
88
368
333
333
63
213
289
247
84
96
1,590
1,373
1,328
1,328
rl,494
1,374
1,189
1,253
1,275
1,420
Dec
1981 -Jan
Feb
Mar. 2/.
Apr
May
June.
July
.
.
Aug. p..
Sept. p.
1,961
2,003
1,854
1,854
rl,816
1.814
1,777
1,797
1,650
1,736
Note;
Principally the International Bank for Reconstruction and Development and the Inter-American Development Bank; excludes Bank for
International Settlements.
Time depoalts exclude negotiable time certificates of deposit, which
1/
are Included In "Other liabilities."
224
222
233
151
75
75
59
70
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
In reporting coverage.
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Revised.
Preliminary.
r
1/
Treasury Bulletin
78
.CAPITAL MOVEMENTS
Section
I
-
Liabilities
Foreigners Reported by Banks in the United States
to
Table CM-I-3.
-
Total Liabilities by Country
(pQBltlon at end of period In mllUons of dollara)
Calendar year
Europe
Austria
Belgium- Luxembourg
Bulgaria.
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
:
No rway
Po land
Portugal
Roma nla
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
Total Europe
Canada:
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia:
China:
Mainland. . ,
Taiwan
Hong Kong
India
Indonesia
Israe 1
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oll-exporClng countries l/.
Other Asia
Total Asia
Africa;
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
011-exportlng countries 2/.
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
Kiddle Eastern regional....
Total International
and regional
Grand total
514
l<)«l
f^iovember 1981
79
-CAPITAL MOVEMENTS.
Section
I
-
Liabilities to
Table CM-I-4.
-
Total
Foreigners Reported by Banks in the United States
Liabilities by Type and Country, as of September 30, 1981
Preliminary
(Position In mlUlone of dollars)
Total liabilities
Llahllltles payable In dollars
To forelftn official
80
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-l.
-
in the
Total Claims by Type
(OLD SERIES)
United States
November 1981
81
-CAPITAL
Section
II
-
MOVEMENTS-
Claims on Foreigners Reported by Banks
Table CM-II-^.
-
in the
Total Claims by Country
(PoBltlon at end of period In atllHona of dollars)
Calendar year
Europe:
Austria
Belgium-Luxembourg
Bulgaria
CzechosLovakIa
Denmark
Finland
France
German Democratic Republic
Gertnany
If.3
1.600
4.502
67
1.327
Greece
Hungary
Italy
Netherlands
241
33
1,715
HOi,
No rway
323
Poland
Portugal
Roiuanla
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
411
189
108
1,252
581
1.679
365
14.124
438
445
Total Europe
Canada
Latin America and Caribbean:
Argentina
Bahamas
Be nmid a. ...................
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
2.469
21,859
391
6.696
9,791
1.062
1.068
2
773
114
48
5.705
29fl
3.125
928
59
67
Total Latin America and
Caribbean
Asia:
China:
Mainland
Taiwan
Hong Kong
,
India
Indonesia
Israel
Japan
Korea
Le banon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oll-exportlng countries 2/.
Other Asia
Total Asia
Africa:
Egypt
Ghana
Liberia
,
Morocco
South Africa
Zaire
Oil-exporting countries 3/.
Other Africa
Total Africa
Other countries
:
Australia
All other
Total other countries
Total foreign countries
International and regional:
International
European regional
Latin American regional....
Asian regional
African regional
Middle Eastern regional
Total International
and regional
Grand total
1
United States
82
Treasury Bulletin
CAPITAL MOVEMENTS
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-4.
-
Total Claims on
in
the
United States
Foreigners by Type and Country
Reported by Banks in the U.S. as of June
30,
1981
(Position ac end of period In mltllons of dollars)
Reporting bankg'
Total
claims
Total
hankg'
Remaining maCurlCy of
claims on foreign public
borrowers and unaffiliated
foreigners
One year
or less
one year
Claims of banks' domestic customers
'
83
November 1981
.CAPITAL MOVEMENTS4
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-5.
-
Banks'
Own
in the
United States
Claims, by Type
(In millions of dollars)
Payable In dollars
Claims
Claims on unaffiliated foreigners
End of
calendar year
or quarter-end
Total
reporting
moath
own
claims
Remaining maturity
One year or less
bank.6
(1)
Total
(2)
On foreign
public
borrowers
(3)
On all
other
foreigners
(4)
Over one year
On foreign
public
borrowers
(5)
On all
other
foreigners
(6)
Payable tn foreign currencies
Treasury Bulletin
84
CAPITAL MOVEMENTSSection
Table CM-II-6.
-
II
Banks*
Claims oo Foreignare Reported by Banks in the United States
*
Own Claims
by Type and Conntry, Payable in DoUara, aa of Saptembar 30, 1981
pTeliminary
(Poaltlon In millions of dollara)
Europe:
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Hj rkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
Total Europe
436
2,625
19
18
167
337
3.350
100
1,267
2B6
700
4.015
S68
298
731
32H
163
1.708
930
1.947
144
19.354
236
928
185
40,837
Canada
Latin Anerlca and Caribbe an:
Argentina
Bahamas
Bennuda
Brazil
British West Indies
Chile
Co tombla
Cuba
Ecuador
Guatemala
Jamaica
5.742
37,929
650
9.839
18,986
>fexlco
17
Netherlands Antilles
Panaaa
Peru
Trinidad and Tobago
Uruguay...
Venezuela
Other Latin Aaerlca and
Caribbean
Total Lstln America and
Caribbean
tola:
China:
Mainland
Taiwan
Hong Kong
India
Indones la
Is rae I
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
Total Asia
Africa:
Egypt
C?iana
Uberla
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries...
International and regional:
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional...
Total International
and regional
Grand tota 1
2.511
1.487
5
1.295
On foreign public
On banks' own
On all
borrowers and unaffiliated
foreign banks
foreign offices
other
foreigners
'
November 1981
85
-CAPITAL MOVEMENTSSection
II
-
Claims on Foreigners Reported by Banks
Table CM-II-7.
-
in the
United States
Domestic Customers* Claims by Type
(position In mllllone of dollars)
End of calendar
year or quarterend month
Payable tn dollars
Negot lahle
Deposits
and readily
transferable
instruments
Total
claims of
banks
domestic
customers
(3)
(1)
1978-June
Sept
Dec
11,601
9,131
9,082
11,243
419
500
480
1979-Mar
June
Sept
Dec
13,640
14,567
19.911
20.666
13,165
13,993
19,302
20.087
719
683
975
955
1980-Mar
June
Sept
Dec
23,643
25,956
26,085
27.068
22,584
25,158
25,490
26,106
1,208
910
1,081
88S
31.499
r32.272
34,112
31,055
r31.a28
33.764
rl.OU
I9ai-Mar.
June
9,940
9.528
U
847
743
(4)
Payable In foreign currencleB
Collections
and
Total
other
(51
(6)
Treasury Bulletin
86
"CAPITAL
Section
III
-
MOVEMENTS
Supplementary Liabilities and Claims Data Reported by Banks
Table CM-III-1.
-
Dollar Liabilities
to,
and Dollar Claims
in the
United States
on,
Foreigners in Countries and Areas Not Regularly Reported Separately
(Poalclon at end of period In millions of dollars)
Total liabilities
Country
Calendar year
Calendar year
1979
Other Europe
Cyprus
Iceland
Ireland
Monaco
Other Latin America and
Caribbean
Barbados
Belize
Bolivia
Costa Rica
Dominican Republic
El Salvador
French West Indies and
French Guiana
Guyana
Haiti
Honduras
Nicaragua
Paraguay
Surlname
59
37
105
236
9
5
188
189
355
301
20
36
63
141
165
S3
14
Other Asia
Afghanistan
Bangladesh
Brunei
Burma
Jordan
Kampuchea (formerly Cambodia)
Macao
Nepal
Sri Lanka
Vietnam
Yemen (Aden)
Yemen ( Sana)
Other Africa
Angola
Burund 1
Cameroon
Ethiopia, Including Eritrea...
Guinea
Ivory Coast
Kenya
Madagascar
Mauritania
Mauritius
Mozambique
Niger
Rwanda
Sudan
Tanzania
Tunisia
Uganda
Zambl a
All Other
New Hebrides
New Zealand
Papua New Guinea
U.S. Trust Territory of
the Pacific Islands
Total banks' own claims
105
48
2
18
52
6
5
29
65
35
10
26
47
21
6
25
4
56
46
14
7
6
19
4
9
23
43
32
22
25
17
157
15
June
December
32
36
24
55
210
212
153
166
122
139
70
21
22
June p.
June
December
..
November 1981
87
.CAPITAL
Section
III
-
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-2
(
End of calendar
year or month
1978
1979
1980
.
Nov. ...
Dec
1981-Jan. ...
Feb
Mac V.
Apr
May
June.
.
. .
.
. .
.
July p.
Aug. p.
U
t
Dollar Claims on
Ion at end of
Nonbank Foreigners
period in mllltnns of dollars)
nollar cUIms of U.S. offices
IT. S.
apenclea &
branches of foreign banks
U.S. -baaed
banks
(2)
C3)
102,883
20,399
73,824
28,751
21 ,651
lii,«n7
128,232
131,737
131,936
114,254
136,779
2
5,7 39
26,806
26,811
26,865
28,751
136,143
rl37,lll
rl4n.S22
rl41,179
rl42,740
143.072
146,257
28,537
28,809
29,555
29,912
30,633
147,060
149,948
32,132
32,613
Federal Reserve Board data.
Data on the two lines shown for this date differ because of changes
In reporting coverage.
Figures on the first line are comparable In
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
31 ,151
32,898
Preliminary.
Revised.
I
Dollar claims of
U.S. -based banks
foreign
branches 1/
raajftr
(4)
CI)
116,779
Sept.
Oct
2/
PobI
-
Total dollar
claims on nonbank forelenera
I
19flO-Aug
MOVEMENTS.
3,080
28,653
69,404
71,332
79,375
26,824
27,660
29,063
28,653
76,382
77,107
77,465
78,326
79,375
28,440
28,201
28,818
28,818
28,834
28,299
28,974
79,157
rao.ioi
rS2,449
ra2,449
ra3,273
83,622
84,385
29,851
85,077
86,805
76.1
11
30,530
Treasury Bulletin
88
CAPITAL MOVEMENTS
Section IV - Liabilities to Foreigners Reported by Nonbanking' Business Enterprises in the United States
Table CM-IV-1. - Total Liabilities by Type
(In mt II Ions of dollar-?)
End of
calendar year
or quarter-end
month
Payable In
Total
liabilities
'iollars
U)
1972
17,104
18.649
18,682
21,235
21,646
20,937
15.210
15,345
17,527
18,121
17,782
1973
1974
1975
1976
1977
1978
U
'
2/..
1979
1980-June.
..
Sept...
Dec. ...
1981-Mar
June p.
1/
(3)
6,174
6.550
7.186
8.899
9.740
9.390
10.284
11,819
11.527
14.029
U
6.559
7.017
7.899
9,799
10,345
10,099
11,085
12,807
14,956
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 cooiparable to those shown for the following date.
Payable tn
foreign
currencies
484
466
713
900
605
709
801
938
,429
075
3,439
3.337
3,709
3,525
3,154
^/ See Introductory text to Capital Movements Section for explanation
of changes in reporting,
p
Preliminary.
November 1981
89
CAPITAL MOVEMENTS.
Section IV - Liabilities to Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-IV-2.
-
Total Liabilities by Country
(Poeltlon at end of period In wllllons of dollara^
Calendar year
Europe
Austria
Belgium-LuxembourR
Bulgaria
Czechoslovakia
:
Denmarlc
21
42
3i3
n.a.
n.a.
483
38
Finland
France
German DemocraClc
Germany
Greece
Hungary
Italy
Netherlands
Non<ay
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
Republic
3
27
230
n.a.
909
561
i9
n.a.
200
421
12
n.a.
355
637
504
109
14
2.265
24
123
20
Lat in Americ a and Caribbean
I
55
2.001
80
.o-ift
107
90
2"
18
:
Argentina
Bahamas
125
45
440
n.a.
Be nnud a
Brazil
British West Indies
Chile..
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
77
n.a.
Ifi
13
*
n.a.
n.a.
n.a.
120
37
36
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
25
n.a4
222
313
Total Latin America and
Caribbean
1,351
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore.
Syria
Thailand
011-exportlng countries^/..
Other Asia
Total Aflla
1
110
41
23
98
42
569
71
n.a.
n.a.
n.a.
62
n.a.
n.a.
25
n.a
1.344
2,406
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
:
27
n.a-
n.a.
45
54
36
OH-exportlng countries^/..
Other Africa
Total Africa
n.a.
445
60fi
:
Australia
All other
116
19^
Total other countries...
Total foreign countries.
:
208
n a.
Total international
and regional
Grand total
355
1.057
r25
170
137
550
83
60
Total Europe
International and regional
International
European regional
Latin American regional
Asian regional
African regional
Kiddle Eastern regional
263
1.044
291
882
13
n.a.
44
72
449
Canadw
Other countries
264
1.05ft
208
,
10,099
157
42
999
103
1,5U
10
3.537
17
219
139
244
179
675
846
90
Treasury Bulletin
-CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
Table CM-rV-3.
-
Reported by Nonbanking Business Enterprises
Total Liabilities by Type and Country at of
in
June 30, 1981
the United States
PrdimiBary
millions of dollars)
Financial Liabilities
Total
llablllcles
Payable
In dollars
Europe:
Austria
Belglun-Uutenibourg
Bulgaria
Czechoslovakia
Denmark
Finland
Prance
Geroaa Democratic Republic
Ge many
Greece
Hungary
Italy
471
S49
Nettierlaada
Norway
Poland
Portugal
Romania
Spain
Sweden
SwitzerlandTurkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
35
29
624
575
25
50
251
Total Europe
Canada
Latin Anerlca and Caribbean:
Argentina
Bahaaas
142
1,260
Benuda
Braril
British West Indies
Chile
Colombia
Cuba
Ecuador.
Guatemala
Jaaslca
tfexlco
Netberlanda Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
2n
425
213
260
32
Total Latin America and
Caribbean
Aflla:
China:
Kalnland
Taiwan
Uong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
22
255
133
1.597
Total Asia
Africa:
Egypt
Ghana
Uberla
Horocco
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
Hlddle Eastern regional...
Total international
and regional
Grand tots
Commercial Liabilities
Payable
In foreign
currencies
Trade
Payables
November 1981
91
CAPITAL MOVEMENTS
„
Section
V
-
.
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-1.
-
Total Claims by Type
(In millions of dollars)
Payable In foreign currencies
Payable In dollars
End of calendar year
or quarter-end month
1972
_1/
1973
1974
1975
1976
1977
1978
2/1/
1979
1980-June
Sept
Dec
1981-Mar
June p
Total
claims
Total
Deposits
Other
Total
Deposits
Other
9.094
8,445
649
651
nR7
1,122
1,105
411
<l,3n9
-
-
9,9f,0
393
493
473
452
613
937
1,068
916
238
258
394
548
539
599
805
827
1,904
2,243
904
1,213
775
705
725
2,170
2,083
2.099
2,145
2,153
-
-
-
-
-
-
-
-
12,529
15.sn6
17,047
19,350
?1.298
25.160
27.882
31,095
11,642
14,7n5
15,94?
-
in, 300
19,880
23,306
24,910
27,936
U
32,290
31,908
34,288
37,548
29,216
28,612
31,415
34,600
32,202
35.081
Data on the two lines shovm for this date differ because of changes
In reporting coverage.
Figures on th'=^ 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.
-
-
10,043
3R
14,867
16.198
1,050
1,418
1,764
2,972
3,159
12,125
11,307
13,097
15,630
13,664
17,092
17.3n5
18,317
18,079
18,539
3,074
3,206
2,874
2,039
2,879
,
7
566
introductory text to Capital Movements Section for explanation
of changes In reporting,
2/ See
p
Preliminary,
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section
V
-
ClaimB on Foreigners Reported by Nonbanking BnsineBB Enterprises in the United States
Table CM-V-2.
-
Total Claims by Country
(Poaltlon at end of period In millions of dollars)
Calendar year
19 81
June
E urope
:
Austria
32
198
n.a.
Belgium-Luxenibourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
No rway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
n a.
57
94
497
n.a.
450
60
n.a.
415
322
67
n.a.
52
n.a.
402
139
298
26
2,703
176
36
122
Total Europe
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ec uador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama.
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
:
1
.
151
511
n.a.
ftI4
n.a.
2«3
92
10
n.a.
n a.
n.a.
527
36
186
82
n.a.
.
25
461
1
.
036
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong
India-
,
Indonesia
Israel
Japan
Korea
Le banon
Malaysia
Pakistan
PhlUpplnea
,
Singapore
Syria
Thailand
011-«xportlng countrlea 2/
Other Asia
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
SouCh Africa
Zaire
Oil-exporting countries
Other Africa
:
V
Total Africa
Other countries
Australia
All other
:
Total other countrlea
Total foreign countries...
International and regional
International
European regional
Latin American regional...
Asian regional
African regional
Kiddle Eastern regional
:
Total International
and regional
Grand total
19.350
250
Sept
June p
November 1981
93
-CAPITAL MOVEMENTS-
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-3.
Totals
-
Total Claims by Type and Country as of
June 80, 1»81
fMiBlBarr
Treasury Bulletin
94
CAPITAL MOVEMENTS
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers
Table CM-VI-1.
-
in
the United States
Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In allllona of dollars; negative figures ladlcate net sales by foreigners or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
U.S. Gov't corporations and
Corporate and other securities
Federally-sponsored agencies
Net foreign purchases
Bonds
Foreign countries
Calendar year
or month
Total
(1)
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981-Jan.-Sept p..
1980-Scpc
Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
May
June
July
Aug. p
Sept. p
Official Other
instlforeigntut ions
ers
(2)
(3)
57
5
-165
69
203
277
753
598
101
3,281
465
-642
1.612
5,117
20,377
3.729
1,697
3,865
8,857
1,752
680
664
rl98
1,023
663
1,035
rl,768
rl,525
r368
r721
1,266
865
1.404
1,084
495
980
223
r273
rl47
r21
r373
141
1,149
1,799
1.213
798
1.532
1.378
315
389
54
301
321
(4)
-22
3,316
305
-472
1,995
8,096
22.843
4,710
r2.863
r4,898
10,845
-335
International
and
regional
r868
rl.873
1,937
158
239
490
r295
180
2,702
1,713
384
299
-841
51
571
-222
-127
238
-54
91
294
-148
27
145
36
-121
-219
Gross
foreign
purchases
Gross
foreign
sales
(5)
(6)
Net
foreign
purchases
(7)
Gross
foreign
purchases
(«)
Gross
foreign
sales
(9)
4,358
2,738
3,382
8,898
25.610
39,818
32,362
r41,267
r51,170
47,506
1,043
2.433
3.S54
6.903
17.514
16.974
27,651
r38.404
r46,273
36,661
n.a.
n.a.
2,712
1.273
545
2,557
1.866
4.297
4,526
5,519
9,722
7,848
6,675
4,015
4,017
r5,754
4,923
3,335
3.352
r5.557
-17
550
209
-36
301
317
1,077
947
566
527
739
602
3.316
r5.192
r7,161
r4.749
5,129
7,212
2,281
3,423
413
144
r5,636
r4,3Sl
r4,408
5.946
24
1.056
802
980
1.128
643
658
956
4,125
4,977
5,646
2.976
3,177
4,433
1/ Data Include transactions In Issues of states and municipalities.
Through December 1976, data also included transactions In issues
of D.S. Goveroaeat corporations and Federally-sponsored agencies.
618
n.a.
n.a.
n.a.
n.a.
n.a.
35
507
2
954
349
45
236
930
642
1.585
3.253
4.974
7,165
5.982
847
510
473
953
582
596
611
Net
foreign
purchases
(10)
Stocks
1/
Gross
foreign
purchases
Gross
foreign
sales
Net
foreign
purchases
Gross
foreign
sales
(11)
(12)
(13)
1.881
1.961
1.039
766
1.202
1.617
1.024
r733
2.904
3,237
4,723
5,828
8,621
5,408
5,529
3,592
3,459
r3,352
5,703
5,892
2,842
3,867
7,582
4,642
4.327
1.975
2.435
r2.618
2.799
2,655
2,188
2.790
540
4.678
2.753
2.675
2,423
rl,679
r5,418
5,239
14,361
12,767
7,636
15,355
18,227
14,154
20,145
r22,783
r40,270
32,037
r21,104
r34,S52
26,798
194
302
83
157
344
515
246
150
212
164
224
r251
r522
r888
r645
r3.565
r4.423
r4,437
r4,323
r3,314
r3,900
r3,548
r3,67a
r263
r393
r492
r59a
1,054
r420
r390
984
r230
205
r286
264
196
497
r621
r409
r63S
r719
rl,2l7
r967
r3,417
r2,721
3.951
r4.034
r4,076
r4,384
r2,796
2,313
r3,313
r3,315
r2,R60
r3.417
725
231
964
529
238
297
198
-54
21
462
440
525
3.455
3.152
2.846
3,257
3,206
2,322
r767
rl56
rl93
487
381
Preliminary.
Not available.
Revised.
T«bl« Cll-VI-2. - Foreign Parchates and SaUi 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
Gross
foreign
purchases
(14)
(15)
12,173
9,978
7,096
10,678
15,475
11.479
17,723
November 1981
95
CAPITAL MOVEMENTSSection VI
Table CM-VI-3
llr
-
-
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
Treasury Bulletin
96
-CAPITAL
Section VI
-
MOVEMENTS-
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-4.
-
Estimated Foreign Holdings of Marketable Treasary Bonds and Notes by Country
(Foaltlon aC end of period In nilllonB of dollara)
Calendar year
Europe:
Austria
Belglun-Luxembourg
Bulgaria 1/
Czechoslovakia 1/
10
19
n.a.
n.a.
Denmarli
1
Finland
France
Geraan Democratic Republic 1/....
Germany
Greece
Hunga zy U
Italy
Netherlands
Norway
Poland U
Portugal
Elomanla 1/
22
129
n.n.
7.110
27
59
n.a.
n.a.
57
37
183
n.a.
9,990
10
n.a.
U
1.35B
R2
n.a.
*
n.a.
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
2
285
977
647
665
*
5,373
local Europe
Canada
Latin America and Caribbean:
Argentina
Bahanas
•
*
U
BeriDuda
n.a.
Brazi 1
British West Indies
Chile
•
U
n.a.
2
Colombia
Cuba
Ecuador \J
Guatemala 1/
Janalca l/T
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago 1/
Uruguay
Venezuela
Other Latin America and
Caribbean
69
*
n.a.
n.a.
n.a.
n.a.
21
21
162
164
12
*
n.a.
*
Total Latin America and
Caribbean
144
103
7
17
416
Aflla:
China:
Kainland
Taiwan
Hong Kong
India
Indonesia
Israel
•
•
HO
Japan
Korea
Lebanon \J
Kalaysla \f
Pakistan \J
Philippines
Singapore 1 /
1
5,089
5.3RR
r41
•
37
,
,
Total Asia
Uberla
129
26
,
Syria \J
Thailand
Other Asia
Africa:
Egypt
Ghana
15
,
/
\J
,
Morocco
South Africa
Zaire
Other Africa
,
,
Total Africa
Other countries
Australia
All other
,
:
,
,
Total other countries
Total foreign countries
International and regional:
International
European reglona
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total International
and regional
Grand total
r 4 3, 351
91
November 1981
-CAPITAL MOVEMENTSTransactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
Section VI
-
T]iUions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United Sta
98
Treasury Bulletin
-CAPITAL
MOVEMENTS-
- Tr>B»*ctiona in LoBg-T«rB Seenritici by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-6. - Net Foreign TransactitMis in Domestic Stocks by Country
Sectioa VI
'
November 1981
99
-CAPITAL MOVEMENTSSection VI
-
Table CM-VI-7.
-
I
In
millions
ol
Transactions in Long-Term Securities by Foreigners Reported
by Banks and Brokers in the United States
Net Foreign Transactions in Long-Term Foreign Bonds by Country
dollars; negntive- i-^ures indiciite neL sales
t-y
foreigners or
a net
outflow of
al
from the United St
Treasury Bulletin
100
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country
^ns of
dullars; negative figures indicate net sales by foreigners or
a
net outflow of capital from the United Sta
,
101
November 1981
.CAPITAL MOVKMKJrrS
Section VI - TraBsactioKs in Long-Term Secnrities by Foreigners
Reported by Banks and Brokers in the United States
Table Cll-VI-9. - Foreign Purchases and Sales of Long-Term Secaritiea,
by Type and Country, Dnriag September 1981
Preliminary
(In nllllonB of dollars)
Gross sales by
Gro99 purchases by foreigners
Total
purchaaes
(1)
Marketable
Treasury
& Federal
Plnanclng
Bank bonds
S notes
(2)
Domestic securities
Bonds
Corporate &
of U.S.
other
Gov't
corp. anA
Federal lysponsored
Foreign
9ecurl ties
Marketahle
Total
sales
afiencles
Treasury
& Federal
Financing
Bank bonds
& notes
(9)
(3)
.f
g r^.^gpcf?..
Domestic seci
Corporate
Bonds
of U.S.
other
Rov't
corp. and
Federal lysponsored
agencies
Foreign
securities
S
Bonds
Clfi)
Europe;
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
,
348
176
265
27
720
102
688
20
67
3
Poland.
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
..
.
i50
.
341
2.401
Total Europe
Canada
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Go lombta
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia.
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon.
Malaysia
Pakistan
Philippines
Singapore.
Syria
Thailand
Other Asia
29
721
5,125
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries....
International and regional:
International
European regional
Latin American regional....
Asian regional
African regional
Middle Eastern regional....
Total Incernatlonal
and regional
Grand total
•
Less than $500,000.
45
509
Stocks
Treasury Bulletin
102
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1980
t,
.
November 1981
103
.FOREIGN CURRENCY POSITIONS.
Background
Data
positions
of
those
foreign
of
majority-owned
firms.
II.
since
non banking
branches
1974
firms
on
In
majority-owned
,
subsidiaries
foreign
of
foreign
the
United
the
foreign
and on
,
partnerships
banks
S.
t'.
currency
States
title
held
Modification
Act
93-110,
Law
September
of
Statistics
regulations.
Reporting has been
abroad.
Public
of
II
on
report
forms
Instructions used
and
to
monthly
non bank
foreign currency
last
the
business day of
reports.
forms
The
below)
(see
September
most
more
than
profit
percent
SO
"Majority-owned
Interest.
foreign
business concerns or nonprofit Institutions located in the United States
collection of bank
directly or Indirectly own stock with more than 5^ percent of the total
revision
recent
than 50 percent of the total value of all classes of stock.
1P7«, for the
1,
of
Reporting Threshold
The exemption level applicable to banks and banking institutions is
the
became effective as of the
Among the changes on the forms,
1978.
foreign country in which one or more nonbanklng concerns or
a
Treasury
weekly reports, and as of October 31, 1978 (the last business day of the
for
of
nonprofit Institutions In the United States, directly or indirectly, own
combined voting power of all classes of stock entitled to vote, or more
data were revised effective with reports as of November
month),
"Majority-owned foreign partnerships" are those organized under the
laws
subsidiaries" are foreign corporations in which one or more nonbanklng
l**?!!.
the
In
year
1
or less from the date of the report.
Value
Par
positions have been published monthly
the
since March 1977 beginning with data for December
The
pursuant
the
to
Implementing
and
1973,
21,
required
amendment
an
business
2
"Short-term" means maturing in
days from the date of the report.
and
,
nonbanklng
and
Reports cover eight major foreign exchange market currencies and
dollars
S.
collected
banks and
receipt or delivery within
"Spot" means due for
Involved.
been
have
the Belgian franc was deleted as a reporting currency.
Sin million equivalent.
exemption level applicable
The
on
nonbank forms
all
nonbanklng
to
institutions was SI million equivalent
business concerns and nonprofit
from March
1975
through November
1976.
was
It
raised to S2 million equivalent on the monthly reports of positions held
Common Definitions and Concepts
In
The term "United States" means the States of the United States, the
District of Columbia,
Che Commonwealth of Puerto Rico,
the Canal Zone, Midway Island,
American Samoa,
the Virgin Islands, and Wake Island.
term "foreign" means locations other than the "United States."
The
on
data.
Data
for
including
the
concerns
,
in
agencies
,
United
the
States
partnerships,
U.S.
branches
branches
case
the
,
and
Include
subsidiaries
and
foreign banks and banking
of
In
sole
States
nonbanklng
foreign
the
by
United
positions
firms'
located
reported
the
In
subsidiaries
and
"nonbanklng
of
amounts
corporations
,"
and
United
States
the
of
institutions, in the case of the weekly and
June
Firms
the
branches,
of
U.
these data do not
parents'
banking
reflect
subsidiaries
accounts.
and "abroad" Include amounts reported
majority-owned
S.
the
and
partnerships
nonbanklng
reached
bought
in
and
report
liabilities,
the
,
In
general
abroad
except
through
intercompany
the foreign subsidiaries of a few foreign-
for
positions
held
entire
foreign
United
the
in
States
on
report
their
specified U.
a
or
Che
net
currency
position
in
a
dollar equivalent value
liabilities, exchange contracts
any category of assets,
sold,
S.
position
in
the
currency.
general,
In
separately to each foreign branch or subsidiary.
In
reports on their
foreign branches, majority-owned foreign partnerships and majority-owned
foreign subsidiaries
the
U.
,
U.
S.
hanks and nonbanks are required Co report
dollar-denominated
S.
assets,
liabilities,
exchange
contracts
of
with
reportable
positions
In
specified
the
foreign
currencies.
Description of Statistics
Data collected on the Treasury foreign currency forms are published
In the Treasury Bulletin in nine sections.
The first section presents a
summary of worldwide net positions in all of the currencies reported.
and
foreign
exchange
contract
data
are
basis of time remaining to maturity as of the date of
regardless
and
exemption levels are applied to the entire firm In the United States and
Sections
the
,
majority-owned
and
concerns.
owned U. S.- based corporations
reported on
the
positions of foreign parents or foreign
located
The data Include
Assets,
197 R
lQ7fl.
must
subsidiaries
Data for "foreign branches"
subsidiaries
1976 through September
bought and sold, and net positions of those branches, partnerships, and
monthly "bank posl tions."
by
1*)7 7
31.
specified foreign currency if
Is
proprietorships,
From November
States.
United
September 30.
The term
"worldwide" is used to describe the sum of "United States" and "foreign"
the
exemption level was raised to $3 million on foreign subsidiary positions
the
original
maturity
of
the
I
net rumen
currency.
II
through
VIII
each
present
data
on
a
Specified
foreign
Section IX presents the U. S. dollar positions of the foreign
branches and subsidiaries of
U.
S.
firms which are required to report In
one or more of the specified foreign currencies.
Treasury Bulletin
104
'FOREIGN CURRENCY POSITIONS'
Section
Table FCP-I-1.
I
-
Summary
Positions
Nonbanking Firms' Positions
(In millions of foreign currency units)
Report
date
Canadian
y
November 1981
105
,FOREIGN CURRENCY POSITIONS,
Section
II
Canadian Dollar Positions
-
Table FCP-II-1.
-
Nonbanking Firms' Positions
(In millions of Canadian dollars)
Treasury Bulletin
106
FOREIGN CURRENCY POSITIONS
Section
Table FCP-II-3.
II
-
-
Canadian Dollar Positions
Consolidated Monthly Bank Positions
le/
(In mllllonB of Canadian dollars)
Balance sheet Items
Assets
IV
Liabilities
Net
month
CD
1981-Jan
C6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets. Habllltles.,
(9)
Summary ((7) + (8))
(1)
(2)
C3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-fi months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary CC7) + (8))
CO
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
(1)
C5)
(6)
Demand/spot
3 days-l month
Over I month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + C8))
(1)
(2)
(3)
(4)
(5)
(6;
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
(I)
(2)
(3)
(4)
(5)
Feb
Mar
(2)
Apr
(2)
(3)
(4)
May
June....
Foreign exchange contracts 20/
Maturity
End
of
1.567
1,595
966
363
\
1
cnz
1,495
1,199
989
^15
,
795
/
*
/
1^
1,133
1,808
930
404
1,354
1,353
^-o
yo,
,
611
314
'
[
\
J
'l
/
^
1,206
1,525
834
516
1,171
1.076
820
326
047
775
^
'
1,217
1,627
904
533
1,122
1.180
1,068
408
031
726
3.
577
1,205
1.397
928
695
386
2,^^
^5,
i
]
f
1
1,194
1,763
]
f
\
/
Deniand/spot
See footnotes following Table FCP-IX-3.
^
(2)
(
1
1,102
1,542
1.080
1,465
770
482
766
419
^298
780
f
\
J
6.381
4.744
November 1981
107
^FOREIGN CURRENCY POSITIONS—
Section
III
Table FCP-III-1.
-
French Franc Positions
Nonbanking Firms
(In millions of French francs)
Poi
Positions:,
Treasury Bulletin
108
.FOREIGN CURRENCY POSITIONSSection
TabU
III
-
French Franc Positions
FCP-III-3. - Consolidated Monthly Bank Positions
'-^'
(In millions of French francs)
alance sheet Item
End
of
Maturity
month
Assets 121
Foreign exchange contracts 20/
November 1981
109
FOREIGN CURRENCY POSITIONS
Section IV -
Table FCP-IV-1.
-
German Mark Positions
Nonbanking Firms" Positions
(In nilllons of marks)
Position
at end
of month
J'
Treasury Bulletin
no
.FX3REIGN
CURRENCY POSITIONS.
Section IV -
Table FCP-IV-3.
-
German Mark
Positions
Consolidated Monthly Bank Positions
w
(In mllllone of marks)
End
Balance sheet Items
Foreign exchange contracts 20/
Maturity
of
month
Assets
!<* /
(1)
1981-Jaa
(6)
Demand/spot
3 days-I month
Over 1 month-3 months
Over 3 month8-6 months
Over 6 months-l year
Over I year
(7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(1)
(6)
Demand/spot
3 days-I month
Over 1 month-3 months
Over 3 months-6 montha
Over 6 months-l year
Over 1 year
<7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
Feb
(2)
(3)
(4)
(5)
Mar
Apr
(2)
(3)
(4)
(5)
(6)
Demand/a pot
3 days-l month
Over 1 months-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
C9)
Summary ((7) + (8))
(I)
(3)
(4)
(5)
(6)
Demand/spot
3 days- 1 month
Over I months- Smonths
Over 3 montha-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary (7)) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months.
Over 3 montha-6 months
Over 6 montha-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
C9)
Summary ((7) + (8))
(I)
(2)
(3)
(4)
C5)
(6)
Demand/spot
3 daya-1 month
Over I month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(
(
May
June
9 996
17,490
19,373
10,002
4.103
10.774
1
)
2)
See footootes following Table FCP-IX-3.
Liabilities
(2)
13,728
16.399
16,022
8,270
2.833
6.46R
..
2,568
Net
November 1981
111
^FOREIGN CURRENCY
Section V
-
Lira
Positions
Nonbanking Firms
Table FCP-V-1.
{
Po
Italian
POSITIONS-
In
milltons of lire)
Positions^/
Treasury Bulletin
112
•
FOREIGN CURRENCY POSITIONS™
Section VI
-
Japanese Yen Positions
Table FCP-VI-1. - Nonbanking Firms' Positions
1/
(In millions of yen)
Position
at end
of month
Liquid
Short-term trade
Forward exchange 8/
assets h/
debt 3/
(1)
(2)
Receivables 4/
C3)
Pay-
(4)
(5)
liabilities 7/
(6)
Net
position Q/
Bought
(7)
Sold
(8)
(9)
Exchange
rate 10/
Positions
held by
offices in:
(10)
Jan.
1981
21,931
10,389
30,999
22,378
200,763
15,268
294,499
348,773
151,384
206.35
United States
Feb.
1981
40,368
16,921
r41,e00
13,464
203,366
36 054
289,561
r391,517
rI16,239
209.30
United States
Mar.
Mar.
1981
1981
r316,378
44,968
485,719
14,777
r979,405
r39,960
r742,544
17,377
r726,029
154,943
r548,826
38,357
33,063
271,509
r38,939
r330,355
r238,S47
rllO,514
211.48
211.48
Abroad
United States
Mar.
1981..
r361,346
613,632
893,043
Apr.
1981.
May
1981..
June
June
1981..
1981..
June
1981
423,358
351,808
November 1981
113
.FOREIGN CURRENCY POSITIONS.
Section VI - Japanese Yen Positions
Table FCP-VI-3.
-
Consolidated
Monthly Bank Positions
15/
(In tnllltone of yen)
Foreign exchange contracts 20/
Balance sheet Items
Net
Maturity
overall
position
Bought
Liabilities
of
month
Apr.
789,644
591,514
555,421
104,056
40,7 59
96,321
-319.530
358,423
367,073
105,189
4,127
44,449
1,361,229
2,199.992
3,170,453
1,896,026
796,425
151,287
1,412,355
2,535,949
3,262,222
1,931.957
769,724
198.109
-51,126
-335,957
-91,769
-35,931
26,701
-46,822
516,506
137,480
925,410
216,265
52,603
145,174
817,538
666,951
532,555
104,181
42,455
99.542
-301,032
270,529
392,855
112,084
10,148
45.632
1,212,533
2,923,662
2,751,573
2,032,644
718,390
136,091
1,308,647
3.113,357
3,050,096
1,978,226
685,492
154,164
-96,114
-189,695
-298,523
54,418
32,898
-18,073
2,793,438
2,263.222
530,216
9.774,893
10,289.982
530,491
9,774,893
10,289,982
470,114
049,937
922,494
209,245
44,886
140,770
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 raonths-ft months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 daya-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
<8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
2.837,889
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
613,790
1.030,526
885,239
152,025
58,308
155,370
(7)
Total of all maturities
2,895,258
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(1)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months....
Over 6 raonths-l year
Over 1 year
(7)
Total of all maturities...
(8)
Capital assets, liabilities
(9)
Summary ((7) +
(1)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
3,064,542
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 mDnth-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
504,662
962,488
1,011,730
312,425
71,482
165,934
(7)
Total of all maturities
3,028,721
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(2)
(3)
C2)
(3)
(4)
(5)
(«))
(7)
(4)
(2)
2,737,446
2,782,01
44.451
48,226
862,275
844,638
436,446
118,467
33,353
98,889
10,641,605
501,190
45,345
2,943,484
504,071
10,165,830
10,641,605
48,595
46,845
2,955,499
2,303,485
652,014
10,253,099
10,873,103
566,446
934,126
993,824
289,200
66,711
162.986
705,991
581,170
731,528
176,972
35,895
109,340
-139,545
352.956
262,296
112,228
30,816
53,646
1,307,512
3.188,516
3,100,747
2,600,414
631,154
242,016
1,311,901
3,576,072
3,236,328
2,710,916
640,358
257,593
11,070,359
3.013,293
5], 249
52,546
3,081,267
-515,089
2,125
-475,775
-4,389
-387,556
-135,581
-110,502
-9,204
-15,577
-370,656
22,466
27 5,304
69,258
30,828
-2,373
2U
Treasury Bulletin
114
FOREIGN CURRENCY POSITIONSSection VII
Table FCP-VII-1.
-
Swiss Franc Positions
Nonbanking Firms' Positions!/
(In millions of Swiss francs)
Position
November 1981
113
.FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VII-3.
-
-
Swiss Franc Positions
Consolidated Monthly Bank Positionei^/
{In mllLlons of Swiss francs)
End
of
month
Maturity
Treasury Bulletin
116
-FOREIGN CURRENCY POSITIONSSection VIII - Sterling Positions
Table FCP-VIII-1. - Nonbanking Firms
Positions!/
(In millions of Sterling pounds)
Short-cern trade
PoslClon
at end
of month
Forward exchange 8/
117
November 1981
.FXDREIGN
CURRENCY POSITIONS,
Section VIII
Table FCP-VIII-3.
-
-
Sterling Positions
Consolidated Monthly Bank Positionsis/
(In iBllltonB of Sterling pounds)
Foreign exchange contracts 20/
Balance sheet Items
Net
overall
position 21/
End
Maturity
of
Assets
month
1961-Jan....
Feb....
Mar....
Apr.
May.
(3)
(4)
C5)
(6)
Demand/spot
3 days-l aonth
Over 1 month8-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
C9)
Summary ((7) + (8))
(I)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 months-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
C5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (81)
(1)
(2)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-ft months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ({7) + (8))
June.... (1)
See footnotes following Table FCP-IX-3.
W
Liabilities
Net
(3)
(1)
(2)
2.895
2,658
2,322
1,192
817
1,742
2,732
3,905
2,326
1,104
163
-1,247
-4
88
611
206
1,414
328
11,866
3,437
3,164
2,058
1.349
710
1,806
3,107
3,933
2.334
1,172
808
332
12,524
13,411
3,383
2,917
2,400
1.090
820
1,846
12,456
13,134
2,985
3,528
2,372
1,086
891
335
Bought
Sold
<4)
(5)
4,566
Net
(6)
Treasury Bulletin
118
.FOREIGN CURRENCY POSITIONSSection IX
Table FCP-IX-1.
-
-
United States
Nonbanking Firms
Dollar Positions
Abroad
Foreign Subsidiaries
(In mllltODB of United States dollars)
Positions
1/
November 1981
119
.FOREIGN CURRENCY POSITIONSSection IX
-
Table FCP-IX-3.
United States Dollar Positions Abroad
-
Monthly Bank Foreign Office Positions
i»/
(In millions of United States dollars)
End
of
noath
j_9/
(1)
1981-Jan
Mar
Apr
(5)
(6)
(7)
Total of all iflaturltles
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (S))
(I)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-ft months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 5 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-I year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
C5)
(6)
Demand/spot
3 days-1 month
Over I month-3 months
Over 3 monthsmonths
Over 6 months-l year
Over
year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
C4)
(5)
(6)
Demand/spot
3 days-1 month
Over
month-3 months
Over 3 raonths-6 months
Over 6 months-I year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + («))
C2)
(3)
May
(2)
(3)
(4)
June
38,404
64,457
74,203
52,057
10,272
20,4 38
Demand/spot
3 days-1 month
Over 1 iiionth-3 months
Over 3 raonths-6 months
Over 6 months-l year
Over 1 year
CI)
C2)
(3)
(4)
Feb
Foreign exchange contracts 20/
Balance sheet Item
Assets
Liabilities
Net
(2)
(3)
-19,426
-11.708
2,625
57,830
76,165
71,578
46,836
12,912
5.4 38
5,221
-2,640
15,000
Net
Sold
Net
(4)
(5)
(6)
26,776
40,496
52,329
40,297
16,087
4,301
26,394
35,059
49,428
37,199
16,001
3,547
382
5,437
2,901
3,098
86
156,821
12,137
Bought
7
54
259,831
,
fS
1
288,378
168,958
1
See footnotes on following page.
280,021
291,564
171,650
292,671
171,650
157,942
overall
position 21/
(7)
-19,044
-6,271
5,526
8,319
-2,554
15,754
Treasury Bulletin
120
FOREIGN CURRENCY POSITIONS
Footnotes
6/
AH
assets other than
current
receivables,
i/
Worldwide net positions on the
quart
I.-
of nonbankine business concerns
r
their
branches
foreign
subsidiaries
been
havt;
rece ivah les
Exc ludes
bold
companies'
or
iscounted
d
investment
subsidiaries,
fixed
the I'm ted
in
maior i ty-owned
and
and
i
maturity
U.S.
,
ion ty-owned
ma
r
paper
assets (plant and equ ipment
I
and
ma
parent
c la
Forc-ign branches
only
_3/
and ma jor
7/
All
f
inane lal
term
t
rade
the
liabi
United
branches
foreign
their
and
subsidiaries.
foreign
capital
Exc ludes
S/
bonds
,
eguiomentl
and
other
and
,
long-term
exc luded
securities.
investment
narents'
and
accounts
receivables,
in
.
in
liabilities
other
mc ludes
;
liabilities,
short-term debt
than
long-term
expenses
accrued
t
and
short-
payables
rade
and
liabilities
more than one year from the report date.
Capital ized
,
leases are exc luded.
assets
Out St and ing amounts of foreign exchange which have been cont r acted
to
maioritv"
and
received
be
m
delivered
or
the
Fxc ludes
future.
spot
exchange.
and
Columns (1>,{3),(S), and (7) less columns (2). (4), (6), and C8).
Foreign branches and maior i ty-owned subsidiaries only.
10 /
worldwide
Month ly
liabilities
hank ing
on
positions
net
the
business
last
institut ions
including
dav
of
United
the
in
capital
and
Representative
rates
the
on
report
oF foreign currencv
and
,
11/
Ranks
f
THROUGH IX
Posit ions of nonbank ing business concerns in the United States and
branches
foreign
their
subsidiaries.
section
In
ma
a.ri'\
ion t y- owned
positions
IX
partnerships
foreign
of
dol lar
and
dollars per unit
others in foreign units ner U.S. do liar.
all
and
banking
institutions
m
the
i
11
Canad lan
in U.S.
foreign
their
foreign branches and ma or itv- owned
SECTION
date.
United Kingdom pound rates are expressed
and
of hanks
month
the
States
assets
branches and majority-owned subsid laries.
1/
trade
les.
It
I
positions of banks and banking institutions
States,
2_l
3/
stocks
payables
plant and eou i pment
owned
_4/
and
,
than one vear
.
Weekly worldwide net
in
maturing
partnerships and subsidiaries
v-owned
1 1
lone-term
.
in more
int racompanv
ion ty-owned foreign subsidiaries are
int racompanv
2/
ims
fplant
assets
Includes
date.
preoa vments
racompanv
liquid assets and short-term trade
assets maturing
fore ign
for plant and equi praent
leas>is
nC
Fixed
wh ich
and capital ized
) ,
report
the
inventories,
States and
partnersh ips
instal Iment
be fore
the
in
from
business dav of the calendar
ldf.t
Financial
and
United
States
suhsid lanes.
In
and
their
Section IX,
ore ign branches and ma iori ty-owned subsidiaries only.
12/
Fxc ludes capital assets and liabilities.
13/
Includes hoth spot and forward exchange contracts.
lUf
Sum of columns (3) and
\SI
Sum of columns
and
branches
and
majority- owned partnerships and subsidiaries onlv.
2J
I
nc ludes
well
read
unset t led
as currencv,
i
less
transferable
ly
from
other
report
the
parties
fore ign
spot
f
exchange
purchase
and time deposits,
demand,
repayable
int racompanv
and
c la
Other
demand.
on
,
as
negotiable- and other
instruments maturing
inane lal
date,
cont rac ts
in
I
loans
Inc ludes
unset
intracompany
t
led
foreign
spot
other
liabilities,
short- term borrowings due in
and the current
port ion
ui
1
than
exchange
short-term
11!
contracts,
trade
IR/
.
Other
loans
Due
in
1
year
Rece ivables
or
and
less:
includes
instal Iment
int
paper
See footnote
1
1
Fixed-rate
,
ace rued
loans are reported by
the nearest
call
date,
or
Opt ion
receivables.
discounted
before
21/
Due in
I
year
or
less;
ime
forward exchange
c on
tracts
is
are
to the nearest option exercise date.
maturity are excluded.
b_f
t
whichever
loans bv time remaining to the nearest
racompanv trade
sold
See footnote 10.
or
expenses, and accounts payable are excluded.
l*J
flO).
payables
year or less from the report date,
long-term debt
and fPl.
accounts
,
sales
U)
Sum of columns fSl and
to
rece ivable, and unaccepted trade drafts are exc luded.
^1
(
year or
loans
and
ims
(ft).
Sum of columns fl^ and
f6).
includes intracompany trade payables.
Revised
.
n.a.
Not
available.
remain ing to final maturity
earlier, and
floating-rate
interest- fixing date.
reported
hy
time
remaining
,
November 1981
121
,»».,_„__^_^_ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-II-1.
-
II
-
Federal Credit Programs
Direct Sales and Repurchases of Loans
-Un
Expor t- Impor t
Bank of the
United States
Fiscal year
or month
Repurchases
l<:i71
2
1972
1973
1974
1975
1976
T.Q
1977
197P
L979
1980
1981
1980-Sept,
Oct,,
Nov,
Dec,
1981-Jan.,
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
,
548
millions of Julldrs
Farmers Home
Administration
R f p u I"
-
chases
)
Housing and Urban
Development Dept.
Government
Na t ional Mortgage
Association
Repurchases
Small Business
Administration
Repurchases
Veterans
Administr
Repurchases
Treasury Bulletin
122
.FINANCIAL OPERATIONS OF
Section
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Table GA-III-1. - Civil Service Retirement and Disability Fund
(In millions of dollars)
Receipt^
Fiscal year
or month
1921-72
1973
197^
59
1Q75
1976
T.O
1977
1978
1979
1980...,
1981
1982 (Est.).,
1980-Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr.
Agencies
contribu tions
.
.
May
June. .
July. ..
Aug
Sept. .
Fiscal 1981
to date. . .
Employees
contributions
Federal
contribu tions
Donations, service credi t payments, and other
misc. receipts
Interest and
profits on
investments
November 1981
123
.FINANCIAL OPERATIONS OF
Tiible GA-III-2.
-
GOVERNMENT AGENCIES AND FUNDS
Section III - Truit Funds
Federal Old-Age and Survivors Insurance Trust Fund y
(In millions of dollars)
Treasury Bulletin
124
.FINANCIAL OPERATIONS OF
Section
Table GA-III-3.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Federal Disability Insurance Trust Fund
(In millions of dollars)
November 1981
123
GOVERNMENT AGENCIES AND FUNDS
.FINANCIAL OPERATIONS OF
Section
III
-
Trust Funds
Footnotes
Table GA-III-2.
Includes unappropriated receipts from January 1'162 to June 1965.
To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1^50 (42 U.S.C. 418).
Includes payments for vocational rehabilitation services to Federal
Disability Insurance Trust Fund and Socialand Rehabilitation Service,
Payments are made between the Railroad Retirement Account and Federal
Old-Age and Survivors and Federal disability so as to place those funds
in the position in which they would have been if railroad employment
after 1936 had been included in social security coveraze (40 II.S.C.
228e (k)1.
Excludes transactions for investments in non-Federal securities.
Construction and equipment of office buildings for the burenu (Public
Law 170, approved July 31, 1<'53 (67 Stat. 254)).
Under the Social Security Act, as amended (42 H.S.C. 401 (e) (U).
for administration of Titles II and VII of that act and related
parts of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432)
See also footnote iO.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance are paid directly from the trust fund beginning 1947. under
provisions of annual appropriations acts until passage of the Soci.il
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 1^*66 payments of salaries and expenses for Social
Security Administration are charged directly to each trust fund.
Less than $500,000.
Monthly Treasury Statement of Receipts and Outlays of the tinited
Source:
Budget estimates arp h;!-;?'' -<n the 1981 Budget of
States Government.
the U.S. Government, released January 13, 1981,
transactions
under the predei,essor Oid-Age Reserve Account.
Includes
1/
$15 million transferred from general fund for
7/ Total includes:
~
administrative and other costs of benefits payable to survivors of
$35
certain World War II veterans (60 Stat,' 979 and 6^ Stat. 512):
million (1^37-59), paid from the Railroad Retirement Accounts; beginfrom
of
recoveries
ning November 1951, small amounts in the nature
interest
expenditures incidental to the operations; beginning 1958,
payments from Federal Disability Insurance Trust Fund and sale of
waste paper.
For military service credits:
FY 1967 $78 million,
FY 1968 $78 million, FY 1969 $156 million, FY 1970 $78 million,
FY 1971 $78 million, FY 1972 $137 million, FY 1973 $138 million, FY 1974
$139 million, FY 1975 $140 million, FY 1976 $157 million, FY 1977
$378 million, FY 1978 $385 million, FY 1979 $384 million, FY 1980 $393
million, FY 1981 $390 million, FY 1982 estimate $554 million. For special
benefits for the aged: FY 1969 $226 million, FY 1970 $364 million,
FY 1971 $371 million, FY 1972 $351 million, FY 1973 S337 million, FY 1974
$303 million, FY 1975 $307 million, FY 1976 $268 million, FY 77 $236 million,
FY 1978 $228 million, FY 1979 $230 million, FY 1980 $164 million, FY 1981
$150 million. FY 1982 estimate $140 million.
Table GA-III-3.
Source:
Monthly Treasuiy Statement of Receipts and Outlays of the United
Budget estimates are based on the 1981 Budget of
States Government.
the U.S. Government, released January 15, 1981.
$16 milIncludes payments for military service credits ,is follows:
1/
lion for each FY 1967, FY 1968, $32 million FY 1969, $16 million for
each FY 1970, 1971, $50 million FY 1972, S5l million FY 1973, $52 million and $3 million for interest on reimbursement of administrative and
vocational rehabilitation expenses FY 1974, $52 million military service
credits for FY 1975, Includes payments for military service credits:
FY 1976 $90 million FY 1977 $103 million, FY 1978 $128 million, FY
1979 $142 million, FY 1980 $118 million, FY 1981 $130 million, FY 1982
estim- .e $168 million,
i.^
2^
it^
Includes unappropriated receipts from January 1962 to June 19b5.
To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
Includes payment for Vocational Rehabilitation Service beginning FY 1967
buildings heeinning FY 1967.
FY 1966 and construction and f^quipment
Transition Ouarter includes $27 million for vocational rehabilitation
Fiscal Year
services and $- million for construction of building,.
Includes $64
1977 includes $77 million for vocational rehabilitation.
million for vocational rehabilitation and Sj! mi
iun for cms true t ion
of buildings for FV l''7.s.
Payments are made between the Railroad Retirement Account and
Federal Old-Age and survivors and Federal di sabi i ty so as to place
those funds in Che position in which thev wou Id have been if rai road
employment after 19.i 6 had been included in social security coveraee
1
5/
I
I
1
(45 U.S.C.
b/
228 e (k)).
For appropriate share of administrative expenses, inci udine interest,
paid from the trust fund during the preced Ing fiscal year as determined by the Secretary of Hea 1 th Education , and Welfare (42 U.S.C.
401 (g) (I)),
Beginning July 1*^66 monthly reimbursements are paid to
the Soc ial Securi tv Admin is tra tion to cover sal ar ies and expenses
instead of the semi-annual reimbursement to FOASI.
Includes $2? million paid from Railroad Retirement Accounts in FY K'faO.
Exc ludes transactions f.)r investments in non-Federa I securities.
P.L. 96-403 dated Octocct '', i-if^U provided foi a reallocation of Social
Security taxes between the Federal Disability Insurance Trust Fund and
the Federal Old-age Insurance Trust Fund retroactive to January 1, 1980.
Current month activity includes the new allocation rates for October
1980 reporting and prior year ad jus tment from the FDI trust fund co
the FOASI trust fund.
,
7/
^/
9/
,
*
A
Less than S5UO.UO0.
Treasury Bulletin
126
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-4.
-
III
-
Trust Funds
Federal Hospital Insurance Trust Fund
November 1981
127
.FINANCIAL OPERATIONS OF
Section
Table GA-III-5.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)
Expenditures other than investment
Receipts
Fiscal Year
or month
Federal
contributions
Interest
and profits on
invest-
ments
11,675
2,902
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
198? (Est.).
198a-Oct
Nov..
.,
Dec...
1981-Jan
Feb
Mar....
Apr. ...
May....
June ...
July
Aug....
Sept....
Fiscal 1981
to date....
411
other
Benefit
payments
Treasury Bulletin
128
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-6.
-
III
-
Trust Panda
Railroad Retirement Accounts
(In millions of dollars)
Receipts
Fiscal year
or month
Total
1/
Appropriations
2/
196J-72
30,142
1973
1974
1975
1976
2,356
2,627
2,777
3,26'
T.Q
337
1977
1978
1979
1980
1981
J.RK7
4,158
1982 (Esc.)
5,502
3,5<J7
4,400
4,675
73
1980-Oct
Nov.
Dec
.
.
.
.
485
.
557
1981-Jan
Feb...
Mar...
45
467
231
62
397
Apr. .
May...
June,
1,645
July..
Aug. ..
Sept..
408
229
Fiscal 1981
to date. .
76
19
.
November 1981
129
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
III
-
Trust Funds
Table GA-III-7, - Unemployment Trust Fund
(In mi
Ui-ns
of dol lars)
Receipt
Employment Security ProgT-am
State
accounts
Fiscal year
or month
1/
Employment
Securi ty
Adminis tration
Deposits
by
States
Account 2/
Appropriations
s
Rai Iroad Unemployment Insurance
Federal
Unemployment
Account
Board
3/ U/
Insurance
Account
Receipts
by
Railroad
Retirement
nts
6/ 7/
1<<36-
11/
1973.
1174.
11/
1<)75.
1976.
T.Q..
1977.
1978.
1979.
1980.
1981.
1980-Oct..
Nov.
Dec..
.
1981-Jan..
Feb..
Mar..
Apr..
May..
June.
July...
Aug....
Sept...
Fiscal 1981
to date.
.
.
Administration
fund 8/
Dpposi
t s
by
Railroad
Retirement
Board
Interest
and
profits
on
All
investments
other
Treasury Bulletin
130
.FINANCIAL OPERATIONS OF
Section
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Table GA-III-7. - Unemployment Trust
Fund—Continued
...
November 1981
131
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-III-8.
III
-
Trust Funds
National Service Life Insurance Fund
(In millions of dolla
Receipts
Fiscal year
or month
Premluins
att6
other receipts
194A-72
1973
1974
1975
1976
4,576
,
,
T.Q
1977
1978
1979,
1980
1981
1987 (Est.)
1980-Oct...,
Nov...
Dte...
19ei-Jan...
Feb...
Mar...
Apr ...
May
June.
July..
Aug
.
.
Sept.
Fiscal 1981
to da te
.
.
.
Transfers from
general and
special funds
Interes t anc"
profits on
investments
Expend i tures o ther
than investments
(benefits, net lending
refunds, and
dividends)
Net increase
or decrease
(-).
asse
in
ts
Assets, end of period
Investmen ts
Unexpended
balance
Treasury Bulletin
132
.FINANCIAL OPERATIONS OF
Section
Table GA-III-9.
-
GOVERNMENT AGENCIES AND FUNDS
-
III
Trust Funds
Investments of Specified Trust Accounts in Public Debt Securities
and Agency Securities by Issues, as
of
Jub« 30,1981
(In millions of dollars)
Investment securities
Type and rate
Payable
date
Issue
date
Federal Old-Age
and Surviors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
Railroad
Retirement
Accounts
Public issues:
Bonds
!
11-3/47.
2/15/05-10
2/15/80
3-1/4
6-3/8
4-1/4
3-1/4
6-1/8
3-1/2
8-1/4
4-1/4
6/15/78-83
8/15/84
5/15/75-85
5/15/85
11/15/86
2/15/90
5/15/90
8/15/87-92
2/15/88-93
8/15/88-91
2/15/93
5/15/89-94
8/15/94
2/15/95
11/15/98
5/15/94-99
5/01/53
8/15/72
4/05/60
6/03/58
11/15/71
2/14/58
4/7/75
8/15/62
1/17/63
8/15/73
2/18/73
4/18/63
8/15/74
2/15/55
10/03/60
5/15/74
2/18/73
8/15/75
4
7-1/2
7-7/8
4-1/8
8-3/4
3
3-1/2
8-1/2
7-7/8
S-3/8..
8-1/4
2/15/95-00
8/15/95-00
8/15/96-01
5/15/00-05
7-5/8
2/15/02-07
8/16/76
5/15/75
2/15/77
6/30/82
6/30/82
6/30/82
6/30/82
6/30/82
10/01/81
6/30/81
7/03/81
8/03/81
9/01/81
Various
9/01/81
8
60
32
15
21
56
11
33
81
100
27
5
68
70
552
6
22
50
91
26
22
15
10
Total
Government account series
Certificates:
10-5/87.
10-3/4
10-7/8
11-1/8
14-7/8
15-3/4
Notes
:
3/31/82
157.
Bills:
3/25/82
4/22/82
8/12/82
9/09/82
Bonds
Various
Various
Various
Various
:
7-1/87.
7-3/8
7-1/2
7-5/8
8-1/4
8-3/4
9-3/4
13
2,141
6/30/89,90,96
6/30/94-95
6/30/94
6/30/93
6/30/90-91
6/30/90
6/30/91-92
6/30/81
6/30/80
6/30/79
6/30/78
6/30/76
6/30/75
6/30/77
Total
547
2,411
1,556
1,273
1,706
3,345
20.
Agency Securities:
Participation Certificates:
5.207.
5.10
6.40
6.05
6.43
6.20
Total
Total
1/19/82
4/06/S7
2/11/S7
2/01/38
4/08/88
8/12/88
1/19/67
4/05/67
12/11/67
1/30/68
4/08/68
8/12/68
100
50
75
65
35
230
241
502
909
-
Unemployment
Trust Fund
..
November 1981
133
•
CUMULATIVE TABLE OF CONTENTS-
December 1980 through November 1981
Issues and page nunhers
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 offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
In Federal securities (net)
Trust fund transactions
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
:
1
,
Federal obligations
,
Account of the M.S. Treasury
Status of the Account of the U.S. Treasury
Elements of changes In Federal Reserve and tax
and loan account balances
Gold assets and liabilities of the Treasury
:
Monetary statistics
Currency and Coin In Circulation
:
Federal debt
Summary of Federal debt
Computed interest charge and computed Interest
rate on Interest-bearing public debt
Interest-bearing public debt
Government account series
Interest-bearing securities Issued by
Government agencies
Participation certificates
Maturity distribution and average length of
marketable Interest-bearing public debt
Debt subject to statutory limitation
Status and application of statutory limitation..
Treasury holdings of securities Issued by
Government corporations and other agencies.
Description of securities of Government corporations and other business-type activities
held by the Treasury
:
.
.
Public debt operations
Maturity schedule of interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstanding.
Offering of bills
New money financing through regular weekly
Treasury bills
Offerings of public marketable securities other
than regular weekly Treasury bills
Unmatured marketable securities issued at a
premium or discount other than advance refunding ope rat Ions
Allotments by Investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills
Foreign series securities (nonmarke table)
Issued to official institutions of foreign
countries*
.,..,.••..
Foreign currency series securities issued to
residents In foreign countries
:
U nited States savings bonds
Sales and redempt Ions by series
:
,
cumulative.
. . .
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods. Series E
through K
Redemption of matured and unmatured savings
bonds
Sales and redemptions by denominations, Series
E, EE. H, and HH
Sales by States, Series EE and HH combined
United States savings notes
Sales and redemptions by periods
:
Ownership of Federal securities
Distribution by classes of investors and types
of Issues
Estimated ownership by private Investors
:
Treasury survey of ownership
Treasury survey
-
commerlcal hank ownership
Treasury Bulletin
134
CUMULATIVE TABLE OF CONTENTS
December 1980 through November 1981
-
Continued
Issues and page nuinbers
May
Sections.
Market quotations oo Treasury securities
End-of-month closing quotations
Chart - Yields of Treasury securities
:
66
Average yields of long-term bonds
Average yields of long-term Treasury, corporate,
and municipal bonds
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds.
:
Exchange Stabilization Fund
Balance sheet
Income and expense
:
National bank, reports
Operating lacorae and expense, and dividends of
national banks, calendar year 1979
:
International financial statistics
U.S. reserve assets
U.S. liquid and other liabilities to foreign
official Institutions, and liquid liabilities
to all other foreigners
U.S. liquid and other liabilities to official
Institutions of foreign countries by area
Nonmarketable U.S. Treasury bonds and notes
Issued to official institutions of foreign
countries
U.S. position In the International Monetary Fund
Weighted average of exchange rate changes for
the dollar
:
Capital movements
Liabilities to foreigners reported by banks In
the United States
Claims on foreigners reported by banks In the
United States
Supplementary liabilities and claims data reported by banks In Che United States
Liabilicies to foreigners reported by nonbanklng
business enterprises in the U.S.
Claims on foreigners reported by nonbanklng
business enterprises in the U.S
....*•••*
Transactions In long-term securities by foreigners reported by banks and brokers In the
United States
:
Foreign Currency Positions
Summary
Canadian Dollar Positions
French Franc Positions
German Mark Positions
Italian Lira Positions
Japanese Yen Positions
Swiss Franc Positions
Sterling Positions
United States Dollar
Positions Abroad
:
Foreign currencies acquired by the U.S Government without payment of dollars
Foreign currency transactions, sununary and
country uses
Foreign currency transactions, U.S. uses and
trust funds
:
Financial operations of Government agencies and funds
Government corporations and other buslneas-type
activities:
Statements of financial condition
Statements of income and retained earnings
Statements of accounts receivable.
Statements of loans receivable
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund...
Federal Old-Age and Survivors Insurance Trust
Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Fund
Federal Supplementary Medical Insurance
Trust Fund
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts
:
July
Aug.
V
@FedFRASER