Full text of Treasury Bulletin : October 1978
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Treasury Bulletin
October 1978
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
October 1978
I
CONTENTS
Article
- Treasury Financing Operations..................................... .................
Page
vi
F E D E R A L FISCA L O PE R A T IO N S
FFO-l.
- Summary of Fiscal Operations.........................................................
FFO-2.
- Budget Receipts by Source...................... .............................. ......
1
3
Chart
- Budget Receipts by Source..........................................................
5
FFO-3.
- Budget Outlays by Agency.............. ..............................................
6
FFO-4.
- Undistributed Offsetting Receipts...................................................
7
FFO-5.
- Budget Outlays by Function........................................... ...............
g
FFO-6 .
- Investment Transactions of Government Accounts in Federal Securities (Net).........
iq
FFO-7
- Trust Funds Transactions.............................................. ..............
-^1
FFO-8 .
- Selected Accrual Data Reported by Federal Agencies.................... ..........
12
FED ERA L OBLIGATIONS
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object
Class...............................................................................
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and
Major Object Class..............................................................
^
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency..
^5
FO-4.
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months..........................................................................
16
14
ACCOUNT OF T H E U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury............... .........................
2.7
UST-2.
- Elements of Changes in Federal Reserve and Tax and Loan Account Balances..........
UST-3.
- Gold Assets and Liabilities of the Treasury........................................
18
^9
MS-1.
- Currency and Coin in Circulation....................................................
MONETARY STA TISTICS
20
FEDERAL D E B T
FD-1.
- Summary of Federal Debt............................................................. .21
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt 21
FD-3 •
FD-4.
- Interest-Bearing Public Debt........................................................ .22
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 22
FD-5.
- Government Account Series.............................................................23
FD-6 .
FD-7.
FD-8 .
FD-9*
- Interest-Bearing Securities Issued by Government Agencies.......................... .24
- Participation Certificates.......................................................... .25
- Debt Subject to Statutory Limitation........... .................................... 26
- Status and Application of Statutory Limitation..................................... 27
FD-10.
- Treasury Holdings of Securities..................................................... 28
FD-11.
- Description of Securities of Government Corporations and Other-Business
Type Activities Held by the Treasury...................................................
P U B L IC D E B T O P E R A T IO N S
PD0-1.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities...........
34
PDO-2.
- Offerings of Bills....,..............................................................
35
PD0-3.
PD0-4.
- New Money Financing through Regular Weekly Treasury Bills........................ ..
- Offerings of Public Marketable Securities........................................ 40
38
PD0-5.
- Unmatured Marketable Securities Issued at a Premium or Discount...................
43
PD0-6.
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities..
II
Treasury Bulletin
CONTENTS
PDO-7.
Page
- Disposition of Public Marketable Securities........................................... 51
PDO-8.
- Foreign Series Securities........................................................... .. 54
PDO-9.
- Foreign Currency Series Securities.................................................. .. 63
U NITED STA TES SAVINGS BONDS
SB-1.
- Sales and Redemptions by Series, Cumulative........................................... 65
SB-2.
- Sales and Redemptions by Periods, All Series Combined.......... ................... .. 65
SB-3.
- Sales and Redemptions by Periods, Series E through K ............................... .. 66
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds................................. .. 68
U N ITED STA TES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods.................................................... .. 69
OW NERSHIP OF FEDERAL SECURITIES
OFS-1.
- Distribution of Federal Securities.................................................. .. 70
OFS-2.
- Estimated Ownership of Public Debt Securities...................................... .. 7 ^
TREASURY SURVEY OF OW NERSHIP
TSO-1.
- Summary of Federal Securities....................................................... .. 72
TSO-2.
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity*Distribution 73
TSO-3.
- Interest-Bearing Marketable Public Debt Securities by Issue........................ .. 73
TSO-4.
- Securities Issued by Government Agencies....................... .................... .. 7 ^
TSO-5.
- Securities Issued by Government-Sponsored Agencies and D -c ......................... .. 75
M ARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
- Treasury Bills.........................................................................75
MQ-2.
- Treasury Notes.........................................................................75
MQ-3.
Chart
- Treasury Bonds....................................................................... .77
- Yields of Treasury Securities........................................................ .79
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds............... .gQ
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds............... .g-j_
EXCHANGE STABILIZATION FUND
ESF-1.
- Balance Sheet..................................................
ESF-2.
- Income a \ Expense.........................
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
- U.S. Reserve Assets..................................................................
IFS-2.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners................................................ .85
IFS-3.
IFS-4.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area........................................................................... ... g6
- Nonmarket able U.S. Treasury Bonds and Notes..........................................37
IFS-5.
- U.S. Position in the International Monetary Fund................................... .gg
IFS-6 .
- Weighted-Average of Exchange Rate Changes for the Dollar...........................
October 1978
HI
CO N TEN TS
CAPITAL M OVEM ENTS
Page
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-I-1.
- Total Liabilities by Type of Holder.................................................
CM-1-2.
- Total Liabilities by Type, Payable in Dollars - Part A .............................
CM-I-2.
- Total Liabilities to Nonmonetary International and Regional Organizations by Type,
Payable in Dollars - Part B ................................. ............ ..........
CM-I-3.
- Total Liabilities by Country........................................................
CM-I-4.
- Total Liabilities by Type and Country................................ ..............
93
94
95
95
97
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
CM-II-1.
- Total claims by Type................................ ................... ............
98
CM-II-3.
- Total Claims by Country..............................................................
99
CM-II-6.
- Banks Own Claims by Type and Country Payable in Dollars............................
100
CM-IV-1.
- Liabilities by Type..................................................................
101
CM-IV-2.
- Short-Term Liabilities by Country................................................ .
102
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-3.
- Short-Term Liabilities, by Type and Country.........................................
103
CM-IV-4.
- Long-Term Liabilities, by Country....... ...........................................
104
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-V-1.
- Claims by Type.......................................................................
105
CM-V-2.
- Short-Term Claims by Country.............................. ..........................
106
CM-V-3.
- Short-Term Claims, by Type and Country..............................................
107
CM-V-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type...........
CM-V-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country........
108
108
CM-V- 6.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country
CM-V-7.
- Long-Term Claims by Country................................................... ......
110
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-VI-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities......................
m
CM-VI-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities........................
Ill
CM-VI-3.
- Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country....
CM-VI-4.
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds £ind Notes by Country..
112
113
114
CM-VI-5.
- Net Foreign Transactions in Long-Term Domestic Bonds...............................
CM-VI-6.
- Net Foreign Transactions in Domestic Stocks by Country.............................
115
CM-VI-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Courtry......... ...........
X16
CM-VI-8 .
CM-VI-9.
- Net Foreign Transactions in Foreign Stocks by Country..............................
- Foreign Purchases and Sales of Long-Term Securities, Latest Date...................
117
118
CM-VI-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year..................
119
Treasury Bulletin
IV
C O N TEN TS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
Page
FCP-I-1.
- Nonbanking Firms’Positions.......................................................
121
FCP-I-2.
- Weekly Bank Positions.............................................................
121
FCP-I-3.
- Monthly Bank Positions............................................................
BELGIAN FRANC POSITIONS
121
FCP-II-1.
- Nonbanking Firms’Positions...................................................... .
122
FCP-II-2.
- Weekly Bank Positions.............................................................
122
FCP-II-3.
- Consolidated Monthly Bank Positions..............................................
123
CANADIAN DOLLAR POSITIONS
- Nonbanking Firms’Positions.......................................................
124
FCP-III-2. ^ - Weekly Bank Positions.............................................................
FCP-III-1.
124
FCP-III-3.
125
- Consolidated Monthly Bank Positions..............................................
FRENCH FRANC POSITIONS
FCP-IV-1.
- Nonbanking Firms’Positions.......................................................
126
FCP-IV-2.
- Weekly Bank Positions.............................................................
126
FCP-IV-3.
- Consolidated Monthly Bank Positions..............................................
127
GERMAN MARK POSITIONS
FCP-V-1.
- Nonbanking Firms’Positions......................................................
128
FCP-V-2.
- Weekly Bank Positions.............................................................
128
FCP-V-3.
- Consolidated Monthly Bank Positions..............................................
129
FCP-VI-1.
- Nonbanking Firms’Positions.......................................................
130
FCP-VI-2.
- Weekly Bank Positions.............................................................
130
FCP-VII-1.
- Nonbanking Firms’Positions.............. .........................................
131
FCP-VII-2.
- Weekly Bank Positions.............................................................
FCP-VII-3.
- Consolidated Monthly Bank Positions..................... ............ ............
131
132
FCP-VIII-1.
- Nonbanking Firms’Positions............................. .........................
133
133
134
ITALIAN LIRA POSITIONS
JAPANESE YEN POSITIONS
SWISS FRANC POSITIONS
FCP-VIII-2.
- Weekly Bank Positions........................................... .................
FCP-VIII-3.
- Consolidated Monthly Bank Positions.................... .........................
STERLING POSITIONS
FCP-IX-1.
- Nonbanking Firms’Positions.......................................................
FCP-IX-2.
- Weekly Bank Positions.............................................................
135
135
FCP-IX-3.
- Consolidated Monthly Bank Positions.... ..........................................
136
UNITED STATES DOLLAR POSITIONS ABROAD
FCP-X-1.
- Nonbanking Firms’Foreign Subsidaries’Positions.................................
FCP-X-2.
- Weekly Bank Foreign Office Positions........ ....................................
137
FCP-X-3.
- Monthly Bank Foreign Office Positions............................................
138
137
October 1978
V
CO NTENTS
FINANCIAL OPERA TIO N S OF G OVERNM ENT A G EN CIES AND FUNDS
GOVERNMENT CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES
GA-II-1 .
FEDERAL CREDIT PROGRAMS
- Direct Sales and Repurchases of Loans.............................................
Cumulative Table of Contents....................... ...............................................
Note:
Details of figures may not add to totals because of rounding.
Page
140
141
Treasury Bulletin
VI
Treasury Financing Operations
Auction of 2-Year Notes
On September 13 the Treasury
announced that
auction $2,684 million of 2-year notes to refund
amount of notes maturing September 30, 1978.
Tenders were
it would
the
same
The notes of
received
at
Federal
branches and at the Bureau of the
D. C.
Reserve banks and
Public Debt, Washington,
Bearer bonds, with interest coupons attached, and bonds
fered were Treasury Notes of Series T-1980, to be dated Oc
registered as to principal and interest were authorized to be
tober 2, 1978, due September 30, 1980, with interest payable
issued in denominations of $1,000, $5,000, $10,000, $100,000
on March 31 and September 30
and $1,000,000.
in each year until
maturity.
A coupon rate of 8-5/87» was set after the determination
as
to which tenders were accepted on a yield basis, the average
of which translated into an average accepted price close to
. .
100 000
September 20
$2,685 million
price
notes were received until
and totaled
was accepted at
100.063 up to
1:30 p.m.,
$5,125 million, of
which
yields ranging from 8.597»,
8.667„, price
99.937.
Noncompetitive
tenders for $1 million or less from any one bidder were ac
cepted in
full at the
8.657», price 99.955.
average yield of
accepted tenders,
These totaled $595 million.
In addition to the $2,685 million of tenders
in the
auction process, $511 million of
cepted at
the average price from
tenders were
ac
Government accounts
and
securities maturing September 30, 1978, and $670 million of
tenders were accepted at the average price from Federal R e
serve Banks as agents for foreign and international monetary
authorities for new cash.
Tenders were
received
branches and at the
Bearer notes,
approximately
to be dated Sep
were opened on September 13.
of which
banks
and
Bureau of the Public Debt, Washington,
with interest
to be issued in denominations of
$3,037 million was accepted,
Tenders
$6,054 million,
including $112 mil
lion of noncompetitive tenders from the
public and
$1,259
million of the bills issued at the average price to Federal
Reserve banks for themselves and as agents of foreign
international monetary authorities.
agents of foreign and international
coupons
attached, and
$5,000, $10,000, $100,000
for new cash.
monetary
The average bank discount rate
as
authorities
was
bills
7.9547o.
maturing
September 19.
13-Week and 26-Week Bills
Issues of regular
totaled $22,600 million.
weekly Treasury bills
in September
These issues were offered for cash
There
were two 13-week issues of $2,300 million, two 13-week issues
of $2,200 million, and four 26-week issues of $3,400 million.
Average rates for the new issues are shown in the following
table.
Date of issue
Auction of 15-Year 1-Month Bonds
the Treasury announced
and
An additional $311 mil
The issue was to refund $3,036 million of
and $1,000,000.
On September 19
They totaled
and in exchange for bills maturing in the same amount.
at Federal Reserve
notes registered as to principal and interest were authorized
Annual average rate
(bank discount basis)
that it would
1978
auction $1,500 million of 15-year 1-month bonds to raise new
cash.
364-day Treasury bills
lion of the bills were issued to Federal Reserve banks
accepted
Federal Reserve Banks for their own account in exchange for
D. C.
On September 7 tenders were invited for
$3,036 million of
tember 19, 1978, and to mature September 18, 1979.
Tenders for the
EDST,
52-Week Bills
13-week
26-week
7.659
7.695
7.885
8.105
7.742
7.793
7.979
8.276
The bonds offered were Treasury bonds of 1993, to be
dated October 10, 1978, due November 15, 1993, with interest
payable on May 15 and November 15 in each year until
rity.
September
matu
A coupon rate of 8-5/87o was set after the determina
7
14
21
28
tion as to which tenders were accepted on a yield basis, the
average of which translated into an average accepted
price
close to 100.000.
Tenders for the
EDST,
September 27
$ 1 ,5 0 4 million
price 1 0 0 .1 7 5
tenders
bonds were received until
and totaled $ 2 ,4 8 0
was accepted at yields
up to 8.657o,
for $1 million or
less from
8.647o, price 9 9 .8 4 0 .
which
ranging from 8.607o,
price 9 9 .7 5 7 .
accepted in full at the average yield
1 :3 0 p.m.,
million, of
Noncompetitive
any one
bidder were
of accepted tenders,
These totaled $152 million.
Treasury Bills (Other than Short-dated bills) - General
Treasury bills are sold on a discount basis under eompetitive and noncompetitive bidding, and at maturity their par
amount
is payable without interest.
Except for definitive
bills in the $100,000 denomination, which are available only
to investors who are able to show that they are required by
October 1978
VII
Treasury Financing Operations—Continued
law or regulation to hold securities in physical form, all
Noncompetitive tenders
(without stated price), usually
series are issued entirely in book-entry form in a minimum
for $500,000 or less from any one bidder, for each issue of
amount of $10,000 and in any higher $5,000 multiple, on the
13-week, 26-week, and 52-week bills, are accepted in full at
records either of the Federal Reserve banks and branches, or
the average price of accepted competitive bids for an issue.
of the Department of the Treasury.
Tenders are received at Federal Reserve banks and branches
and from individuals at the Bureau of the Public Debt, Wash
ington. Each tender must be for a minimum of $10,000. Ten
ders over $10,000 must be in multiples of $5,000. Payment
for the full par amount applied for must accompany all ten
Payment for accepted Lenders must be made or
completed
on the date of issue, in cash or other immediately available
funds or in a like par amount of Treasury securities maturing
on or before that date.
Payment for 13-week, 26-week, and
52-week bills may not be made by credit in Treasury tax and
"•can a** aunt3.
ders submitted for bills to be maintained on the book-entry
records of the Department of the Treasury.
A cash adjust
Foreign Series and Foreign Currency Series
Foreign series securities issued
ment will be made for the difference between the par payment
in September totaled
submitted and the actual issue price as determined in the
$1,077 million, consisting of 1 bill, 20 certificates and 1
auction.
note.
No deposit need accompany tenders from incorporated
Redemptions for the month totaled $1,579 million.
At
banks and trust companies and from responsible and recognizea
the end of September, foreign series securities outstanding
dealers in investment securities for bills to be maintainec
totaled $20,912 million.
or for definitive bills, where authorized.
A deposit of 2
(Details are shown on page 62,)
There were no foreign currency series securities issued
on*bhe book-entry records of Federal Reserve banks and branches,
in September.
Redemptions for the month totaled an equivalent
percent of the par amount of the bills applied for must ac
of $41 million.
company tenders for such bills from other, unless an express
series securities outstanding totaled an equivalent of $768
guaranty of payment by an incorporated bank or trust company
million and were all denominated in Swiss francs.
accompanies the tenders.
are shown on page 64
Note;
Details of figures may not add to totals because of rounding.
At the
.)
end of September foreign
currency
(Details
October 1978
1
_____FEDERAL FISCAL OPERATIONS
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing— net transactions
1/ Budget receipts and outlays
Borrowing from the public— Federal securities
Fiscal year
or month
Net
Net
receipts 2/ outlays 2 /
(1)
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
1977...........
1978 (Est.)...
1979 (Est.)...
1977-Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1978-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
July.N....
Aug.......
Fiscal 1978
to date.......
Surplus
or
deficit (-)
1-2
(2)
(3)
Pttblic
debt
securi
ties 4/
Agency
securi
ties
184,548
196,588
211,425
232,021
247,074
269,620
326,092
365,648
94,657
401,902
3,236
-2,845
-23,033
-23,372
-14,849
-4,689
-45,095
-66,451
-12,970
-45,040
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
64,139
-10,150
-1,739
-347
-1,269
216
903
-1,069
10
724
-1,380
401,207
448,163
452,329
-51,122
-48,483
n.a.
n.a.
n.a.
n.a.
29,683r
36,642
24,127
27,596
32,794
33,201
26,795
24,879
42,343
34,961
47,657
29,194
35,040
359,407
34,730r
35,097
38,790
36,864
37,646
36,918
33,787
40,004
35,724
36,670
38,602
36,426
39,572
411,823
Total
4+5-6
Within general
account of the
U.S. Treasury
6/2/
U.S.
Treasury
operating
cash
(7)
(8)
(9)
(6)
(5)
(4)
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
496,646
Invest
ments of
Govern*- .
ment ac
counts J5/
8,522
10,062
7,417
8,420
11,822
14,813
7,031
4,341
-3,514
9,243
n.a.
n.a.
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,913
18,507
53,516
760
1,746
826
1,668
2,068
-3,380
54,929
62,099
-
-
„
-
Other 10/
(13)
_
_
-1,570
7,246
2,579
1,690
557
290
711
-8
245
123
-302
-59
-267
n.a.
n.a.
n.a.
n.a.
-
(12)
808
-1,536
-208
1,079
-1,264
91
647
-172
-385
n.a.
n.a.
644
802
-908
-988
50
525
1,121
1,024
764
132
n.a.
n.a.
27
-88
56
89
-3
2
12
-272
-298
-39
-90
-74
66
-552
084
-417
-14
-8
-30
-39
5
-328
-5
-51
-28
-34
-54
-832
3,114
3,629
-3,296
1,685
961
-3,370
2,721
-1,462
849
5,536
1,991
-1,796
4,098
7,780
10,024
1,851
8,854
9,971
6,027
5,108
9,656
-2,263
-555
5,401
3,195
9,039
~
-5,464
1,016
-25
338
135
1,368
-168
-1,591
70
-135
241
794
-900
337
-342
-101
-52,416
65,606
-1,404
7,917
56,285
”
-6,025
296
-427
Transactions
not applied to
year's surplus
or deficit 11/
(14)
1978 (Est. )....%
1979 (Est.)....
n.a.
n.a.
n.a.
n.a.
L977-Aug........
Sept.......
Oct........
Nov........
Dec........
1978-Jan........
Feb........
Mar........
Apr........
May........
June.......
July.......
Aug........
'iscal 1978
-3,940
2,159
2,237
-1,479
1,430
-935
-2,053
5,576
-441
-3,110
196
-1,112
-2,035
Footnotes on following page.
_
(11)
11,310
13,666
-1,437
10,569
10,971
2,652
8,157
8,198
-1,362
5,009
7,426
1,453
13,969
10,407
-961
482
1,442
340
451
-7,406
-6,710
-2,439
- 8,242
1977............
(10)
-5,047r
1,545
-14,663
-9,269
-4,852
-3,717
-6,922
-15,125
6,618
-1,709
9,055
-7,232
-4,532
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
2,004
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
Gold
tranche
drawing
rights 2/
Special
drawing
rights 8/ Other
_
-
_
_
-
_
-
Total budget
financing
7-8-9-10
-11-12+13+14
(15)
-3,236
2,845
23,033
23,372
14,849
4,689
45,095
66,451
12,970
45,040
-l,532r
-1,634
622
-384
-1,258
-1,146
-1,234
-1,100
-569
-1,030
-561
-674
-1,516
51,122
48,483
5,047r
-1,545
14,663
9,269
4,852
3,717
6,992
15,125
-6,618
1,708
-9,055
7,232
4,532
-8,851
52,416
-3,091
-14
6
41
18
81'
12,040
-11,417
-2,216
6,803
207
-5,089
-984
2,874
-5,554
-49
42
22
-24
91
£
Selected balances, end of period
Means of financing— net transactions— Con.
Fiscal year
or month
Cash and monetary assets (Deduct)
General ac
U.S.
count of the Treasury
U.S. Treasury operating
(3ash
6/7/
(16)
Federal securities
Public
securities
u
(17)
7,544
9,291
10,117
‘
11,785
13,854
10,473
-
_
_
-
_
-
-
-
-
-
7,589
14,835
17,414
19,104
_
7,063
19,104
7,687
5,471
12,274
12,481
7,391
6,407
9,281
3,726
17,526
12,062
13,078
13,078
‘
Investments
of Govern
ment accounts
Held by the
public
18+19-20
(21)
(19)
(20)
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551,843
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
685,174
698,840
697,403
707,972
718,943
721,595
729,753
737,951
736,589
741,598
749,024
750,477
764,446
10,311
10,298
10,290
10,260
10,221
10,226
9,898
9,893
9,842
9^14
9,780
9,726
8,894
153,666
157,295
153,999
155,684
156,645
153,275
155,996
154,534
155,383
160,919
162,910
161,114
165,212
541,819
551,843
553,694
562,548
572,519
578,546
583,654
593,310
591,048
590,493
595,894
599,089
608,128
764,446
8,894
165,212
608,128
(18)
-
Agency
securities
W
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS#
Footnotes to Table FFO-1.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note:
Budget estimates are based on figures released in the "Mid-Session
Beview”of the 1979 Budget on July 6, 1978 by the Office of Management
and Budget.
1/ Budget receipts and outlays are revised to reflect Earned Income
Credit payments in excess of an individual's tax liability, formerly
treated as outlays, and now classified as income tax refunds.
ZJ For detail see Table FFO-2.
2 / For detail see Table FFO-3.
y
As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the “
budget presentation.
5/ For detail see Table FFO-6.
6/ Current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance date basis and
are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FF0-10 in the October 1974
Bulletin.
2/ As of July 1974, balances shown under ’
’
Within general accounts of the
U.S. Treasury" are now presented in columns 9, 11, and 13.
8/ Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
2 / Represents activity of the International Monetary Fund.
10/ Includes* public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
11/ Includes: Seigniorage; increment of gold; fiscal 1969 conversions 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 since September 17, 1974.
12/ For detail see Table FD-6.
r Revised.
n.a. Not available.
3
October 1978
__ FEDERAL FISCAL OPERATIONS^.
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Fiscal year
or month
1978 (Est.)...............
1979 (Est.)...............
1977-Aug..................
Oct..................
1978-Jan..................
Feb..................
May..................
July.................
Net
budget
receipts 1/
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
401,207
448,163
29,683r
36,642
24,127
27,596
32,794
33,201
26,795
24,879
42,343
34,961
47,657
29,194
35,040
Social. insurance
taxes and contributions
Individual
1
Withheld 2/ Other
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
144,857
168,159
202,496
Corporation
Net
Refunds 1/
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
45,702
28,817
10,191
13,240
14,522
14,143
21,866
23,952
34,013
28,175
1,044
30,194
35,033
41,236
661r
5,903
711
430
770
12,429
11,777
12,770
12,916
13,351
13,111
12,811
14,469
13,095
14,808
14,490
14,182
14,369
7,154
911
2,546
13,621
6,756
6,631
1,090
868
357r
352
206
174
179
48
3,102
11,756
7,883
7,272
820
682
454
150,372
41,489
31,756
Gross
87,249
* 90,412
86,230
94,737
103,246
118,952
122,386
130,795
38,715
156,725
178,828
190,077
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
' 9,809
60,057
'64,267
168,047
12,732r
17,327
13,275
13,171
13,941
20,217
10,620
5,258
18,8331
14,293
20,301
14,590
14,784
1
.
I
1
Refunds
Net
1,,660
2,,208
3,,535
2,,760
2,,893
3,,125
5,,125
5,,374
1,,348
5,,164
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,892
58,949
62,487
5,,318
5,,560
1,288
8,770
2,159
1,386
9,549
2,273
1,521
8,682
9,3^2
1,6?4
15,054
2,127
1,509
479
394
714
466
337
282
508
659
492
&
342
388
809
8,376
1,445
920
9,212
1,991
1,013
8,023
8,850
1,183
14,655
1,785
1,122
55,227
5,028
50,199
Employment taxes and contributioi
Old-age, disability, and
hospital insurance
Net
income
taxes
123,927
123,241
113,015
126,903
139,398
157,571
163,007
172,204
47,175
211,618
237,777
252,564
13,541r
25,703
14,721
14,092
23,153
22,208
11,633
13,282
27,683
15,475
34,956
16,375
15,906
Refunds
605
386
518
447
479
535
360
408
400
550
632
Net
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,302
102,128
117,556
10,034
7,160
5,490
8,446
5,875
7,141
10,451
7,773
9,967
11,292
8,668
7,923
11,880
_
518
-
10,034
7,160
5,490
8,446
5,875
7,141
10,451
7,773
9,967
94,904
518
Gross
33,956
38,600
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,701
102,678
118,188
:
W
u7;t3
Fiscal 1978
359,407
16p,104
210,303
94,386
Social insurance taxes and contributions - Continued
Fiscal year
or month
1978 (Est.)...............
1979 (Est.)................
Employment taxes and contributions - Con.
Railroad retirement accounts
Gross
Refunds
Net
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,909
1,858
2,053
*
*
*
1
1
*
*
*
*
*
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,908
1,858
2,053
*
*
1977-Aug...................
263r
139
52
304
163
1978-Jan...................
Feb...................
16
294
166
20
310
-20
37
311
★
*
*
*
*
*
*
-*
*
*
*
_*
*
1,654
1
Apr....... ...........
May...................
June..................
Net
employment
taxes and
contributions
Unemployment insurance
Gross
Refunds
Net contributions for other
insurance and retirement
Net
unemployment Federal
supple
insurance
mentary
medical
insurance
903
3,328
3,464
936
3,674
1,253
4,357
1,340
6,051
1,427
6,837
1,704
6,771
1,901
8,054
1,937
2,698
539
11,312
2,192
2,408
14,420
16,322
2,631
34,236
39,133
41,669
46,120
54,876
65,892
75,204
79,909
21,803
92,210
103,986
119,609
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
11,347
14,472
16,380
7
6
8
13
19
26
33
32
6
36
2,161
94
541
1,216
123
403
1,192
144
1,393
4,499
169
1,094
2,912
195
192
204
192
193
191
213
196
195
198
201
212
220
13,687
2,214
52
58
263r
139
52
304
163
16
294
166
20
310
-20
37
311
10,2'97r
7,299
5,542
8,750
6,038
2,158
96
543
1,217
125
7,157
10,74,5
7,938
9,987
11,084
8,648
7,960
12,191
404
1,192
146
1,404
4,507
176
1,098
2,915
-3
2
1
1
1
1
1
2
11
8
7
4
3
1,653
96,039
13,727
40
Other
employees
retirement
retirement
1 ,426
1,,735
1 ,916
2,058
2,146
2,302
2,513
2 ,760
706
2,910
3,246
3,265
24
29
37
39
41
45
52
54
13
59
62
62
249r
238
259
242
286
241
273
275
247
307
264
247 ,
259
7
4
3
5
6
Total
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,162
5,716
5,958
6
4
7
5
4
5
6
5
450
434
466
438
486
437
490
478
448
508
470
4«4
484
56
5,169
Fiscal 1978
Footnotes at end of table.
2.,899
I
Treasury Bulletin
4
.FEDERAL FISCAL OPERATIONS,
Table FFO-2. - Budget Receipts by Source—Continued
(In millions of dollars)
Social insurance
taxes and
contributions
Continued
Net
social
insurance
taxes and
contri
butions
Fiscal year
or month
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
197 7
1978 (Est.)
1979 (Est.)
Excise taxes
Airport and airway trust fund
Miscellaneous
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,683
124,122
141,889
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
9,796
11,936
17,434
96
167
133
1,056
158
141
159
141
44
148
159
466
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
2,520
9,648
11,777
16,968
663
821
835
911
763
816
697
742
754
r976
1977-Aug...
Sept..
Oct...
Nov...
Dec...
1978-Jan...
Feb...
Mar...
Apr...
May...,
June-.,
July..
Aug...
12,908r
7,828
6,550
10,404
6,647
7,998
12,427
8,560
11,828
16,092
9,287
674
832
847
922
777
829
705
756
763
990
923
9,518
15,587
981
801
12
11
12
11
14
13
7
15
9
15
11
14
16
Fiscal 1978
to date....
114,896
9,294
138
Excise taxes - Continued
564
650
760
842
964
940
277
1,193
1,289
1,091
563
649
758
840
962
938
277
1,191
1,287
1,089
912
111
110
100
101
108
97
116
103
101
122
117
967
785
116
121
111
110
100
100
108
97
115
103
101
122
117
116
121
9,156
1,203
1,201
Estate and gift taxes
Highway trust fund
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,844
7,226
7,558
750
658
594
601
591
579
470
561
602
560
Customs duties
Gross
1969...............
1970...............
1971...............
1972..*............
1973...............
1974................
1975...............
1976...............
T.Q...vn............
1977................
1978 (Est.).........
1979 XEst.)....... :.
1977-Aug............
Oct............
1978-Jan............
Feb............
June...... .
July...........
Aug............
Fiscal 1978
to date.............
Refunds
_
_
_
-
-
-
-
"
5
14
19
-
-
_
18
18
74
Net
-
- *
5
14
19
18
18
-
74
\
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,709
7,086
7,418
615
749
658
594
604
591
579
447
550
509
558
604
606
667
606
667
23
11
93
2
137
6,446
6,309
Net miscellaneous receipts
Black lung disability
trust fund
Fiscal year
or month
224
32
123
313
153
123
146
152
1
135
140
140
Gross
Refunds
Net
Gross
Refunds
Net
Deposits of
earnings by
Federal
Reserve
banks
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,548
20,242
25,475
1,523
1,589
1,529
1,615
1,463
1,492
1,259
1,395
1,368
1,670
1,651
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
7,425
5,718
6,167
39
36
49
54
59
66
77
91
31
98
100
100
8
7
11
7
9
6
7
9
11
10
3
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
7,327
5,618
6,067
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
5,287
5,946
6,560
68
64
66
107
120
110
106
134
31
137
154
170
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
5,150
5,792
6,390
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
5,908
6,200
6,300
547
454
410
439
482
447
434
462
296
512
436
597r
507
416
469
516
506
454
616
557
601
667
58r
62
50
52
56
53
47
63
91
67
58
415
524
7
9
407
515
608
696
543
494
406
459
501
494
441
603
545
584
653
596
681
513
513
462
535
493
510
555
514
531
561
617
1,707
1,591
12
13
10
11
16
12
13
13
12
17
14
12
15
524
665
66
96
16,739
4,930
90
4,840
6,106
143
5,963
5,968
698
Net
excise
taxes
606r
461
421
446
492
453
441
471
306
522
^39
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates for net receipts are based on figures released
in the “Mid-Session Review " of the 1979 Budget on July 6, 1978, by the Office of
Management and Budget. Estimates in detail are not available and
are based on the 1979 Budget of the U.S. Government, released
January 23, 1978.
1/ Budget receipts are revised to reflect Earned Income Credit payments
in excess of an individual's tax liability, formerly treated as out
lays, and now classified as income tax refunds.
2/ Includes individual income taxes designated for the Presidential
All
other
247
2,908
158
3,424
325
3,858
380
3,633
426
3,921
523
5,369
935 3/ 6,711
2,576 4/ 8,028
112
1,613
628
6,536
728
6,928
903
7,203
571r
575
512
587
549
563
602
577
622
629
674
590
760
6,666
election campaign fund. Prior to February 1974, these taxes were
included in "Other".
Includes $442,615 thousand in fees for licenses to import*petroleum
and petroleum products.
4/ Included $1,670 million in fees for licenses to import petroleum and
petroleum products.
5/ The Black Lung Disability Trust Fund was formally created on April
1, 1978 pursuant to the "Black Lung Benefits Revenue Act of 1977"
(Public Law 95-227).
* Less than $500,000.
r Revised.
3/
BUDGET RECEIPTS BY SOURCE
Fiscal Years 1 9 6 9 - 1 9 7 8
$Bil.
1 60
140
120
100
1969
1971
1973
197 5
T.Q.
1978
196 9
1971
1973
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2.
-i1 Includes estate and gift taxes, customs duties, and miscellaneous receipts.
1975
T.Q.
1978
6
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Fiscal year
or month
Legis
lative
branch
196 9
197 0
.
197 1
.
197 2
.
197 3
.
197 4
.
1975....... .
197 6
.
T.Q........ .
197 7
.
1978 (Est.)..
1979 (Est.)..
277
340
384
487
540
625
726
779
225
976
1,049
1,175
1977-Au g
Sept....
Oct....
Nov....
Dec....
55
116
88
91
69
87
80
89
80
1978-Ja n
Feb....
Mar....
Apr....
May....
June....
July___
Aug....
Fiscal 1978
to date....
Fiscal year
or month
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
1978 (Est.).,
1979 (Est.)..
1977- Aug___
Sept...
Oct....
Nov....
Dec....
1978-Ja n
Feb....
Mar....
Apr....
May.
June...
July...
Aug.
Fiscal 1978
to date...,
The
judi
ciary
Executive Funds ap
propriated
Office
to the
of the
President President
Defense Department
Agricul Commerce
ture De Depart
Military
partment ment
Civil
31
36
47
55
49
75
93
79
16
73
78
78
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221
2,497
5,242
5,089
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
16,738
21,620
17,727
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
2,607
5,154
4,385
94
94
667
1,123
219
429
354
-9
82
537
789
-7
1,046
103
1,674
1,471
1,773
2,840
3,018
29
51
27
37
46
29
32
51
4
5
9
4
4
7
6
4
7
8
12
2
5
2,689
939
1,879
781
1,229
819
1,336
1,200
300
346
273
329
341
380
358
453
445
512
604
502
544
963
378
69
4,350
18,503
4,745
109
128
142
173
183
205
284
325
85
392
459
489
31
31
1
45
28
Treasury
Department
Transpor
Labor
State
Depart Depart tation
Interest
Depart
ment
ment
on the Other
ment
public 2 / 6 /
debt y
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
5,905
22,374
22,905
25,134
437
448
468
568
591
730
844
1,061
316
1,132
1,255
1,355
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,514
13*456
15,798
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,900
336
206
31
275
6,792
6,674
8,512
6,464
1,512
7,660
48,600
55,400
7,694
7,212
2,989
2,978
3,083
3,320
6,794
3,282
3,450
3,403
3,493
3,670
7,166
3,538
3,868
45,067
2,060
1 888
74r
32
152
46
113
94
136
102
159
76
100
1,765
2,188
129
86
1,192
1,328
1,308
1,163
1,123
1,145
797
982
1,027
1,080
1,201
1,166
1,131
21,222
1,178
12,120
l,958r
1,692
1,575
1,524
1,845
2,038
2,063
m
131r
-8
2,302
-262
-450
1,800
151
-17
2,154
-13
-329
1,642
-141
7,657
77.870
77.150
74,546
75.150
73,297
77,625
85,420
88,036
21,926
95,751
102,000
115)200
7,843r
8,094
7,992
8,721
8,206
8,123
8,226
9,168
8,315
8.870
8,854
8,285
9,552
94,313
1,268
1,211
1,376
1.530
1,703
1,682
2,051
2,124
583
2,280
2.531
2,547
240
_
525r
632
463
479
499
159
415
564r
480
582
689
767
249r
479
263
373
281
661
258
13,300
13,179
13,125
13,378
14,387
12,756
5,538
1,417
1,329
1,574
1,597
2,604
344
353
326
396
355
324
310
339
320
315
342
370
316
361
320
324
320
1,514
2,676
556
1,751
2,432
608
1,528
3,641
25
3,636
17,522
684
«
3,919
4,002
m
515
640
916
1,180
1,531
1,797
2,067
2,242
551
2,350
2,466
2,533
181
177
205
208
193
195
llf,lte
13,122
14,417
526
558
940
858
742
222
378
286
202
248
213
230
202
194
190
148,408
7,218
2,959
2,211
Other
independ
ent
agencies
2/
4,734
7,089
8,715
9,878
11,832
13,988
18,433
19,003
5,851
19,811
24,639
27,699
l,379r
1,811
3,978
1,939
1,776
1,797
1,035
2,336
1,966
1,931
1,894
1,916
1,977.
22,572
8,032
9.529
12,944
12,774
2,210
92
34
-140
111
105
-226
86
81
-188
110
104
-111
92
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on figures released in
the'Mid-Session .Review" of the 1979 Budget in July 6, 1978.by the Office of
Management and Budget. Figures are available in detail for the 1978
Estimates. Other estimates are based on the 1979 Budget of the U.S.
Government, released January 23, 1978.
Note:
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts are
shown in this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
The Export-Import Bank was moved within the Budget effective
October 1,1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to
reflect certain Export-Import Bank borrowing transactions now classified
as agency debt. These transactions were previously reported as offbudget negative outlays.
1/ Pursuant to Public Law 95-91, as of October 1, 1977, all functions of
12,961
13,826
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
18,019
18,753
19,238
484
379
306
370
314
343
261
1.529
2,603
2,890
3,642
3,592
4,786
7,475r
7,079
lJL394r
5,838r
166
201
178
250
262
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,944
3,980
4,269
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,085
46,594
52,338
61,866
71,779
82,042
93,735
112,411
128,785
34,341
147,455
163,318
181,265
513
386
439
619
507
545
740
&
425
446
501
589
468
-276
-624
-92
3
-31
83
306
701
763
1,114
2,032
2,530
3,118
1,108
4,365
4.540
5,679
2,607
2,610
2,439
2,545
2,558
2,493
3,524
3,888
1,000
5,223
6,647
10,087
272
226
230
226
National
General Aero
nautics Veterans
mental
Services
Adminis
Protection Adminis and
tration
Space
Agency
tration Admin.
-
Health,
Housing &
Interior
Energy
Education,
De
Depart Justice
Department & Welfare Urban
velopment ment
Depart
171/
Department Department
ment
2 /2 /
Undistributed Offsetting
Receipts 2 / 1 /
Rents and
Royalties
on the Outer
Continental
Shelf lands
_
_
_
_
_
-2,428
-2,662
-1,311
-2,374
-2,450
-1,800
-93r
-59
-63
-479
-98
-61
-90
-138
-242
-717
-138
-39
-96
-2,161
Total 6/
Other
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
- 12,042
-1,255
-12,679
-13,640
-14,221
-543
-914
-461
-542
-3,965
-414
-587
-443
-460
-567
-4,088
-363
-632
-12,522
184,548
196,588
211,425
23?,021
247,074
269*620*
326,092r
365,648
941657r
401,902r
452,329
496,646
34,730r
35,097
38,790
36,864
37,646
36,917
33,787
40,004
35,724
36,670
38,602
36,426
39,572
411,823,
the Energy Research and Development Administration, Federal Energy
Administration, and Federal Power Commission, anri certain functions
of Interior (Bonneville Power Administration and other power adminis
trations), certain other departments, and the Interstate Commerce
Commission were transferred to the Energy Department.
Cumulative year to date figures may not add due to budget realignments.
Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for the
Interior Department. To conform with the PY 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
Reported on an annual basis.
For content see Table FF0-4.
Budget Outlays are revised to reflect Earned Income Credit payments in
excess of an individual's tax liability, formerly treated as outlays,
and now classified as income tax refunds.
Revised.
7
October 1978
FEDERAL FISCAL OPERATIONS
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept.
Civil Service
Commission
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
Interest credited to certain Government accounts
Defense
Department
Other
1/
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
1978 (Est.).
1979 (Est.).
611
728
727
742
816
911
1,082
1,138
294
1,152
1,272
1,386
1,401
1,709
1,876
2,018
2,101
1,756
1,'918
2,080
592
2,192
2,495
2,508
8
9
10
652
980
1,024
99
1,204
1,258
1,263
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,548
5,024
5,157
1977-Au g
Sept...
Oct___
Nov....
Dec....
1978-Ja n
Feb___
Mar___
Apr....
May....
June...
July..,
Aug...,
101
87
91
92
97
107
111
110
106
114
113
108
110
193
186
208
172
219
202
205
196
182
249
209
191
202
51
558
51
63
65
34
69
77
58
51
51
52
50
346
831
350
328
380
343
385
382
346
415
373
351
362
1,159
2,236
Fiscal 1978
to date
Health, Education, and Welfare Department
Old-Age Federal
Soldiers' < Federal
and Survivors
Disability
Airmen's
Insurance
Insurance
Home
Trust Fund
Trust
Fund
Permanent
Fund______
1,009
140
1.346
221
324
1,617
388
1,718
1,848
435
2,039
479
512
2,296
467
2.346
80
13
374
2,275
238
2,139
1,746
227
10
63
6
27
6
41
17
87
95
884
9
1
10
67
4
28
5
50
8
49
86
831
11
2
10
63
4,016
2,122
Federal
Supplementary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
94
138
183
190
198
406
607
708
5
770
818
873
23
12
17
29
43
77
104
104
4
132
201
258
1
2
3
7
2
77
2
5
8
14
10
97
2
7
2
1
383
4
3
3
5
9
361
4
2
227
244
Interest credited to certain Government accounts - Continued
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
1977...............
1978 (Est.)........
1979 (Est.)........
1977-Aug...... .
1978-Jan...........
Feb...........
July..........
Fiscal 1978
to date..........
Transportation
Department
Highway
Trust Fund
Veterans Administration
Government
Life
Insurance
Fund
National
Service
Life
Insurance
Fund
517
601
637
496
487
650
639
283
55
232
380
478
29
12
20
28
47
3
19
11
12
33
68
-23
36
53
115
184
206
247
415
586
587
13
593
644
687
6
10
12
14
272
1
3
5
8
12
318
2
5
32
31
31
32
31
31
31
31
*
32
33
31
*
*
*
*
16
*
*
*
*
*
16*
225
245
271
292
309
338
368
398
8
433
470
500
6
*
*
255
652
32
Civil Service
Commission
Civil Service
Retirement and
Disability
Fund
Railroad
Retirement
Board
191
215
251
258
262
257
274
246
16
230
200
175
10
4
6
13
77
*
11
4
4
15
65
7
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
2,841
3,237
3,808
67
9
15
49
1,407
49
76
-6
15
14
1,526
11
130
460
3,287
204
1
219
*
6
*
1
*
225
*
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based on the 1979 Budget of the U.S.
Government, released January 23, 1978.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
*
11
Rents and
royalties
on the Outer
Continental
Shelf lands
3/
Other
2/
Total
8
20
14
12
23
40
130
162
3
213
229
275
3
4
*
2
105
1
1
1
1
2
120
3
2
3,099
3,936
4,765
5,089
5,452
6,574
7,690
7,800
270
8,131
8,595
9,064
197
83
111
214
3,584
71
201
60
115
152
3,714
12
270
2,428
2,662
1,311
2,374
2,000
1,800
44
59
63
479
98
61
90
138
242
717
137
39
96
241
8,505
2,161
_
Grand
total
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,053
15,619
16,021
587
973
524
1,021
4,063
475
677
581
703
1,284
4,225
402
729
14,683
foreign service retirement and disability fund, and Airport and Airway
trust fund.
3/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu
ment's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a result, the
detail will not add to the Fiscal Year 1974 totals.
* Less than $500,000.
Table FFO-5, - Budget Outlays by Function
00
(In millions of dollars)
F.Y. 1978
Aug.
National defense
Outlays...............................
Proprietary receipts from the public....
Intrabudgetary transactions............
May
July
Aug.
Cumulative
to date
1/ 2/
8,377
113
9,141
-33
9,181
-59
-3
8,492
9,107
9,120
8,515
-29
9
8,495
9,800
-54
-4
9,742
96,450
-269
5
96,185
89,687
-685
-2
Total.................................
International .affairs
Outlays...............................
Proprietary receipts from the public....
Intrabudgetary transactions............
Total.................................
General science, space. and technology
Outlays...............................
Proprietary receipts from the public....
Total.................................
Energy
Outlays...............................
Proprietary receipts from the public....
Intrabudgetary transactions.............
Total.................................
Natural resources and environment
Outlays...............................
Proprietary receipts from the public....
Intrabudgetary transa ctions............
Total.................................
Agriculture
Outlays...............................
Proprietary receipts from the public....
Total.................................
Commerce and housing credit 1/
Outlays...............................
Proprietary receipts from the public.
Intrabudgetary transactions............
Total.................................
Transportation 1/
Outlays...............................
Proprietary receipts from the public,...
Intrabudgetary transactions............
Total.................................
Community and regional development
Outlays...............................
Proprietary receipts from the public.
Intrabudgetary transactions............
Total.................................
Education, training, employment and social
services
Outlays...............................
Proprietary receipts from the public.
Total.................................
73 8
-1,532
_*
1,686
751
-691
1,900
-802
1,267
-1,036
-*
1,439
-452
_*
14,128
12,936
-9,308
-110
-795
1,259
60
1,099
231
987
371
-1
392
_*
433
*
380
_*
393
*
368
*
405
_*
370
392
433
379
429
-2
428
393
368
363
-45
430
112
396
-231
604
-54
679
-52
Footnotes at end of table.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
9,202
8,972
-999
*
7,974
8,559
113
3
8,676
10,855
-135
-19
10,701
534
-129
-35
371
378
-78
_*
390
-500
_*
300
382
-*
382
9,395
-397
8,470
-405
9,644
-670
-3
8,009r
8,979
8,087
8,974
l,960r
-l,070r
-*
-45
8 ,222r
-210r
-18
981
22
460
317
-68
868
-14
446
-18
422
-2
392
2
379
_*
390
_*
420
393
378
389
890
-48
251
473
-60
”
-
413
-
-
1,912
-406
5
1,511
1,382
-122
-1
1,622
-96
1,259
1,526
1,095
8
1,597
-45
1,103
1,553
l,201r
-149r
-2
l,050r
731r
7
738*
59
-9
50
-
-782
-3
8,417
Conroauable
June
Function
Mar.
Apr.
2
-427
-*
-8,348
-83
5,697
period
fiscal
1977
8
89,010
-48
3,580
4,139
-5
405
4,322
-4
4,318
592
-43
684
-63
5,662
-550
4,421
-425
4,133
-
:
-
-
319
542
165
550
627
548
621
5,112
3,996
1,701
-135
-4
1,561
1,318
-166
1
1,152
829
-185
-3
641
991
-147
-4
841
1,087
-314
-2
771
1,038
-189
-1
1,066
-74
-2
990
1,172
-179
-12
982
11,131
-1,465
-34
9,632
10,536
-1,394
-9
848
! 1,069
-213
1
-2
854
1,724
-27
1,697
1,743
46
1,790
-48
-9
-57
707
-26
680
8
15
-96
-69
-165
166
17
183
390
-4
386
7,394
-59
7,335
5,360
-51
23
48
33
82
5,309
_
_
-
-
-623
-2
_*
55
-2
_*
-18
-4
_*
-119
-2
_*
463
-3
-*
-626
52
-22
218
-2
*
216
-121
460
-108
-2
_*
-110
2,901
-27
-1
2,874
-312
-24
-1
-337
1,080
-4
995
-4
_*
1,157
-4
-*
1,120
-5
*
1,613
-27
_•*
1,421
-6
-*
1,302
-13
-*
1,288
13,992
-100
-2
13,890
13,105
—40
13,065
9,133
H
O
m
sa
>
h-1
at
o
>
f
o
5d
>
Hl-H
o
2
-329
-5
_*
-
-
_
-
-334
-
-
-
-
-
_
.
.
_
_
-
-
-
-
-
-
_____^
-
-
-
1,076
991
1,153
1,114
1,585
1,415
778r
-14
-5
894
49
-2
1,074
-17
-*
772
5
-5
10,257
-360
-76
6,072
-245
-104
771
881
-12
-9
859
1,323
-103
-2
773
1,193
-4
-4
1,185
1,013
-30
-*
755
1,525
-33
-31
1,461
780
-2
-6
941
854
-56
-3
795
738
23
-6
759r
769
-131
-11
62£
1,218
9,820
5,723
I
l,849r
-2
1,801
1,839
-5
>11,997
-1
1,996
2,058
-1
2,058
2,217
-3
2,214
2,391
-1
2,222
2,389
2,222
2,718
-2
2,716
16,130
-15
16,115
v3
1,913
2,105
-6
2,099
23,643
-18
l,847r
1,778
-*
1,778
1,914
-1
1,801
1,758
3
1,761
1,336
-3
-
1,332
1,058
1,834
983
23,625
GO
I
I
©
§
Table FFO-5. - Budget Outlays by Function—Continued
(In millions of dollars)
1978
F.Y. 1Q77
Aug.
Health
Outlays...........................
Proprietary receipts from the public
Intrabudgetary transactions........
Total.............................
Income security
Outlays...........................
Proprietary receipts from the public
Intrabudgetary transactions........
Total.............................
Veterans benefits and services
Outlays.... .......................
Proprietary receipts from the public
Intrabudgetary transactions.........
Total.............................
Administration of justice
Outlays................. ..........
Proprietary receipts from the public
Intrabudgetary transactions........
Total.............................
General government
Outlays...........................
Proprietary receipts from the public
Intrabudgetary transactions........
Total.............................
General purpose fiscal assistance
Outlays...........................
Proprietary receipts from the public
Intrabudgetary receipts...........
Total.............................
Interest
Outlays..................... .
Proprietary receipts from the public
Intrabudgetary transactions........
Total.............................
Undistributed offsetting receipts....
Net Budget outlays 2 / .............
4,705r
-3
-496
4,206r
ll,105r
_*
-5
ll,100r
l,460r
-40
270
Apr.
Sept.
3,550
*
-234
3,316
3,359
-3
3,355
3,631
-2
-1,017
2,613
4,509
-2
-954
3,554
3,157
-1
-476
2,680
4,174
*
-540
3,634
5,127
-14
-1,218
3,895
4,098
10
-519
3,589
-636r
34,730r
4,378
-2
-500
3,876
4,130
-4
-529
3,597
4,556
-2
-545
47,750
-20
-6,796
4,039
40,934
49,216
-16
-5,763
43,437
11,642
12,267
-*
-2
12,266
136,394
126,459
-3,511
132,884
-5,634
120,825
11,479
12,713
-*
-78
12,635
12,959
-*
-853
12,105
12,946
-*
-34
12,912
12,326
-*
-253
12,073
13,662
-*
-552
13,109
11,663
-*
-112
11,551
12,232
____ -2
11,476
1,360
-35
1,625
-37
1,616
-45
2,646
-33
727
-40
1,573
-44
2,720
-58
611
-44
1,769
-43
2,476
-42
_*
-46
1,575
-45
18,025
-478
-2
17,166
-451
-2
1,325
1,587
1,571
2,613
1,529
2,662
1,726
2,433
610
1,529
17,545
16,713
3,330
-8
*
263
4
7,431
-25
-7,080
129
-55
-9
54r
2,8)
-31
-5
-499
3,716
Aug.
-9
11,643
347
54**
A,214
July
11,652
-1
309
-2
283
-1
327
-1
292
-1
269
'328
-18
37
May
Comparable
period
Cumulative fiscal
to date
1977
1/2/
2,797
-35
-40
""-973"
35,097
224
-28
-14
182
414
-24
-13
366
-32
-13
167
24
-25
393
-16
-22
416
-19
-22
154
-7
-16
-3
12,230
14,131
2
-1,621
12,512
*
-2
11,641
656
371
312
304
317
371
-312
303
317
3,462
3,322
O
530
-31
--15
389
-79
-16
218
-30
-2
413
-57
-16
3,584
-164
-415
O
W
484
293
186
340
3,683
-300
-175
3,208
153
50
1,964
54
-18
16,122
-18
-6,855
14,399
-30
-4,993
36
9,250
9,376
3,680
-134
42,865
-650
-1,481
3,539
-729
39,572
40,733
-14,683
37,330
-492
-1,468
35,370
14,080
-1
GO
2,320
2,050
-6,855
2,274
-3
2,317
2,050
153
50
1,964
3,355
-52
3,416
-112
-235
3,296
6,852
-31
-203
6,617
-1,284
36,670
_-4.225
38,602
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to reflect
certain Export-Import Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
3,132
-26
-348
36,864
6,590
-107
-247
6,236
3,068
-44
-396
2,628
;"-4;063
-475
36,918
37,646
3,399
-35
-11
3,353
33,787
3,128
-26
-11
3,091
-581
40,004
35,724
00
3,470
-8
9,129
2,936
-22
-6
2,908
-524
38,790
1
Vo
-8
3,013
-402
36,426
411,823
3,005
"
H5-I
o
2
GO
367,696
negative outlays.
1/ Due to Budget reclassifications and new functions, the monthly totals
may not add to cumulative totals.
2/ Budget outlays are revised to reflect Earned Income Credit payments m
excess of an individual's tax liability, formerly treated as outlays,
and now classified as income tax refunds.
3/ Details for the months of September 1977 through January 1978 are not available
therefore figures will not add to total net budget outlays.
* Less than $500,000.
r Revised.
VO
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
1978 (Est.).........
1979 (Est.).........
1977-Aug............
Sept...........
Oct............
Nov............
Dec............
1978-Jan............
Feb............
Mar............
Apr............
May............
June...... .
July...........
Aug............
Fiscal 1978
to date............
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Tnfim'ftnfifa
Trust
Fund
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
' -913
-1,645
-4,706
-3,158
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
-2,211
-349
229
590
693
377
-146
1,338
3,642
1,897
1,181
67
-36
730
1,632
1,732
-1,019
-2,247
-49
-698
-1,289
1,570
-1,504
723
1,995
-1,909
-228
-240
-467
-335
-64
-157
93
193
258
-26
417
-6
-221
-398
294
309
-1,056
151
891
120
-249
817
-1,379
2,429
14
_*
-92
-209
66
204
180
-94
99
127
118
65
-2,357
-74
580
1,758
Federal
Federal
Supple
Hospital
mentary
Insurance Medical
Trust Fund Insurance
Trust Fund
1970.................
1971.................
1972.................
1978 (Est.)..........
1979 (Est. )..........
1977-Aug............
Sept...........
Oct............
Nov............
Dec............
1978-Jan............
Feb............
Mar............
Apr............
May............
June...........
July...........
Aug............
Fiscal 1978
to date............
Airport
lighway
and
Airway
Crust Fund
Trust Fund
878
1,058
593
183
534
407
183
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,127
-50
-132
42
17
143
33
60
41
42
55
149
31
-57
-50
14
345
157
155
191
195
88
380
44
-97
530
*
*
-1
77
-345
244
221
222
531
148
-148
14
988
-
_*
*
_
*
1
1,344
661
-
Treasury
Department
242
National
Service
Life In
surance
Fund
5
86
83
62
272
178
111
215
25
219
272
212
-33
131
43
-5
-11
-27
42
2
-1
-32
-38
-138
-32
-16
12
1,573
-239
Government National
Federal
Federal Mortgage Assn.
Insurance
Housing Partici
Adminis
Adminis pation
tration
Other
tration Sales
Fund
165
465
-8
32
-369
-8
131
28
128
197
-6
14
-202
109
-8
1
299
31
6
-4
1
184
63
5
200
12
223
-8
118
261
12
29
28
27
2
2
190
-95
17
-3
138
-78
-274
-4
72
145
-7
-14
*
*
*
*
_
*
_*
*
*
*
176
-237
-307
1,059
-747
-5
1,380
1,201
353
-566
-920
56
40
525
_
“
940
591
Other
Other
*
-2
-7
-2
Other
Unemploy
ment Trust
Fund
2
5
9
15
8
7
-47
-
21
27
*
22
20
-15
-503
4
2
-18
*
95
-351
35
-36
Postal
Service
Railroad
Retire
ment
Board
Federal
Federal
Savings
Civil
Deposit
Insurance and Loan
Service
Insurance
Commission Corpora
Corpora
tion
tion
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,428
313
328
180
438
537
225
404
470
-128
855
54
29
7,321
7,606
379
1,045
4
-2
-1
2
214
-27
-9
-22
-18
-30
205
-18
-13
-2
-2
-2
40
-1
-2
-2
-2
-7
41
-1
-4
—xo;
7,276
-432
-225
1,083
-359
-172
-266
-409
—132
1,099
-379
-291
179
4
-578
108
127
285
57
-484
283
173
196
148
257
378
316
368
135
424
362
467
_
-
_
-5
-2
-
4,199
76
-
_
1,370
-280
-292
-90
125
599
-160
59
268
-9
-110
24
-60
-290
-246
-660
-171
129
230
-378
_
_
_
All
other
Total
-204
8,522
10,062
7,417
237
-145
26
67
110
165
2,030
-1,682
145
8,420
-84
242
312
11,821
14,813
7,031
4,341
-3.514
9^243
10,445
15,086
16
-175
-235
-12
-77
36
-7
84
168
-189
43
-29
4
2
107
-129
-7
32
3 ~n 4
3^629
-3,296
1,685
961
-3,370
2,721
-1,462
849
5,536
1,990
-1,796
4,098
84
7,917
23
448
89
-108
134
67
43
195
89
13
15
84
25
20
98
11
12
-22
33
23
91
-98
-777
1,572
-14
195
-226
-146
-150
258
-I 64
213
-70
-145
-289
-3
1,316
-327
3
54S
389
1,151
97
-n
_
5
14
19
19
19
_
_
-2
_
7
-1
-1
-553
308
-691
528
3,582
-848
348
2,021
_
_
_
1,312
-847
-269
543
-772
_
_
Other
*
*
-*
-*
-*
938
488
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
1,073
3,600
5,200
-3
20
37
3
53
-10
20
11
40
-126
153
24
29
14
20
29
26
30
27
42
*
40
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1979- Budget of the
U.S. Government, released January 23, 1978,
Note: Figures may not add due to rounding.
* Less than $500,000.
-2
1
1
3
-1
_*
8
-1
3
60
-44
Labor Department
49
19
-10
6
7
*
49
-15
10
6
*
_
Veterans
Administration
Transportation
Department
Fiscal year
or month
Housing and Urban Development Department
-64
Table FPO-7. * Trust Funds Transactions October 1, 1977 through August 31, 1978
(In millions of dollars)
Outlays
Receipts
vo
Interfund transactions
Classification
Trust
Total in interfund Receipts Interfund
trans
trust
and pro of trust actions
prietary funds
funds
2/
receipts
1/
(2)
(1)
Federal Old-Age and Survivors
Federal Disability Insurance.......
Federal Employees Life and
Federal Deposit Insurance
Military Assistance Advances.....
Veterans Life Insurance...........
Total...........................
Total m
trust
funds
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
Outlays
of trust Federal
payments
funds
and con
tribu
tions
(9)
(10)
74,206
11,558
16,416
611
130
-
*
*
*
860
_
*
5,936
18
(7)
(4)
(5)
(6)
74,206
11,558
-
16,416
_
(8)
*
*
*
71,946
11,499
3,562
515
16,861
1,843
68 j,384
10,,984
15,,018
8,377
9,195
*
8
8,377
9,187
6,163
6,232
2,,214
2,,955
6,697
10,080
8
-
6,697
10,072
-
-
-
-
-
-462
-
-
-462
_
_
-
-
-
-
-
1,416
6,855
6,961
7,526
3,712
14,787
938
748
160,823
*
1,416
6,855
6,961
3,712
14,787
494
245
152,341
216
652
2,059
1,100
494
135
22,971
1,,201
6.,855
6,,309
-546
893
-
*
71,946
11,499
16,861
Federal Supplementary Medical
(3)
Unified
budget
receipts
attrib
utable
to trust
funds
3/
7,526
444
503
8,482
1,,653
13,,687
110
129 j,370
Sources
Based on the Monthly Treasury Statement, of Receipts and Outlays of
the United States Government.
Note:
The memorandum section of various tables in the Federal Budget
presents, the trust fund receipt and outlay data on the same concept as
columns (3) and (9) above. Trust mterfund transactions are payments
from one fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The intragovemmental transactions
are payments from Federal funds to trust funds, and vice versa, but
6,823
5,378
7,807
3,631
10,457
629
484
154,052
8
7,526
444
503
8',474
-546
893
6,823
5,378
281
3,631
10,457
185
-19
'145,5 7 f
Interest
and pro
Federal
employer fits on
contri invest
butions ments in
Federal
securities
(12)
(11)
Other
(15)
-
3,562
515
1,843
11,042
14,573
6,163
6,232
534
3,840
1,680
-885
-462
462
>
17*
-546
678
6,823
4,726
281
546
523
32
1,583
-281
81
4,330
309
264
I—I
GO
2,857
227
3,309
48
-
-
-
-
-
-
-
-
-
216
250
33
7,838
1,618
5,635
204
255
492
8
8,505
exclude $155 million in trust fund payments to Federal funds.
1/ For content see columns 7 and 8.
2/ For content see columns 10-13.
3/ Includes net taxes and other receiptSj mainly deposits by States and
Federal employee retirement contributions.
^
4/ Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
* Less than $500,000.
(16)
(14)
2,122
244
“
652
00
Excess of
receipts
or outlays
(-)
(13)
829
141
189
777
Unified
budget
outlays
attrib
Total * utable
to
1/
trust
funds
17
-
-13
845
2
94
993
_•
216
652
2,059
1,100
494
135
22,971
70,644
1,572
9,357
-309
-154
122,599
-2,260
-59
445
6,771
*1
M
O
M
**J
O
>
t"1
O
H
%
hH
o
'
2
CQ
Table FFO-8. - Selected Accrual Data Reported by Federal Agencies for Period Ended June 30, 1978
(In thousands of dollars)________________________________________________________
Transaction data
Agency-
Legislative Branch.............................
The Judiciary..................................
Executive Office of the President..............
Funds Appropriated to the President:
International security assistance.............
International development assistance..........
Other........ .......................... .
Agriculture Department.........................
Commerce Department............................
Defense Department-Military....................
Defense Department-Civil.......................
Department of Energy...........................
Department of Health, Education and Welfare.....
Housing and Urban Development Department........
Interior Department.......... ..................
Justice Department............................... J'
Labor Department....................... ......... .
State Department............................. .....'
Transportation Department........................ .
Treasury Department:
Interest on the public debt.....................
Other...........................................
Environmental Protection Agency...................
General Services Administration...................
National Aeronautics and Space Administration......
Veterans Administration...........................
Other Independent Agencies........................
Undistributed offsetting receipts:
Federal employer contributions to retirement funds
Interest on certain Government accounts..........
Rents and royalties on the Outer Continental
Shelf Lands....................................
Elimination of interagency receivables and
payables.........................................
Total........................................
Off-Budget Federal Agencies:
Federal Financing Bank...............
Pension Benefit Guaranty Corporation.,
Postal Service...... ........... .
Rural Electrification Administration.,
Rural Telephone Bank.................
Elimination of interagency
receivables and payable............ .
Total............................ .
Net
cash
outlays
Net
change
in re
ceivables
and payables
Accrued
expend
itures
$271,545
112,448
26,754
$7,984
39
-2,538
$279,529
112,487
1,379,344
281,255
168,356
2,829,008
1,560,855
26,039,770
544,446
1,564,731
40,724,642
2,023^479
908,057
645,061
5,830,434
334,769
3,306,580
-777,197
-42,334
602,147
238,921
-294,444
-
462,800
-503,200
-36,604
-369,280
136,209
-1,866
5,714,409
1,868,847
27,724
-
123,061
123,622
-65,041
-579,402
24,216
,
2 325,808
1,524,251
25,670,490
680,655
1,562,864
46,439,051
3,892,326
935,781
522,000
5,706,812
269,728
2,727,178
Balances as of June 30, 1978.
Net
cash
outlays
$774,735
294,005
61,793
1,798,247
1,110,695
528,778
15,966,355
3,698,927
76,476,097
1 698,222
4,253,274
120,868,278
5,617,356
2,509,575
1,826,955
17,269,728
962,228
9,823,596
,
Net
change
in re
ceivables
and payables
$1,288
2
$1,302
105
101
$397,913
13
2,484
1,466,508
3,264,755
59,512’ 1,170,207
21,307
-507,471
162,755 16,129,110
3,631,984
-66,943
76,915,442
439,345
1,660,978
-37,245
-70
4,253,204
-5,225,687 115,642,591
2,045,184
7,662,539
-83,245
2,426,331
-243,358
1,583,, 597
26,995
17,296,723
930,032
-32,196
-71,696
9,751,900
*
1,298,714 37,6 a , 080
6,827,962
671,259
-925,535
1,993,345
-52,137
-8,447
2,928,855
-63,409
-853,568 14,533,395
-5,387,270 13,291,792
11,192,623
354,887
47,179
2,734,786
454,092
8,828,345
370,998
9,751
10,127,124
366,618
120,164
155,340
316
953,300
63,240
301,581
28,260
1,016
1,487,559
355,418
78,676
5,858
14,323
5,077
76,284
348,772
563,964
890,197
857,048
83,037
155,344
524
287
911,629
418
170,372
769,500
59,876
17,338
316,360
11,000
10,959
92,604
292,865
99,447
4,382,010
134,565
269
14,735,331
385,267
147,495
33,648
133,582
91,172
163,837
-1,236,876
-2,127,309
- 3 ,302,820
-8,223,849
-372,418
1,819,210
-3,675,239
-6,404,639
-1,119,067
-2,249
-1,121,316
-2 ,025,982
5,140
-2,020,843
-3,015,818
-3,015,818
110,548,328
1,837,551
112,385,879
334,526,123
1,964,606
6,070
176,127
81,899
33,646
-1,073
-15,183
683
-6
5,041
1,963,533
-9,113
176,810
81,893
38,687
8,027,556
12,250
-1,074,820
140,279
51,868
51,868
41,330
2,303,679
2,262,349
Advances
From
other
agencies
(includes
advances)
1,113
-103,155
1,853,791
,
Accounts
receivable
$104,833
-1,133,721
-3,981,099
49,522
961,504
4,655,374
3 884,612
To
other
agencies
$153,064
95
5,128
14,329,300
1,778,048
36,362,365
6,156,704
2,918,880
43,690
2,992,265
15,386,963
18,679,063
To the
public
$697,578
293,995
62,737
-$77,156
-10
944
768,542
-366,956
25,785
23,670
-35,968
-83,177
-1,895,180
,
Receivables
From the public
Accrued
expen
ditures
13,560,758
2,145,005
983,254
25,852
997,472
4,738,551
5,779,792
1 009,040
Payables
Current fiscal year to date
Quarter ended June 30, 1978.
11,887,169
,
3 023,821
238,649
365,587
152,622
173,432
1,267,402
5,760,313
192,400
155,219
496,893
574,927
1,001,982
3,582,846
8,015,344
-7,628
381,499
86,648
-12,212
-19,877
1,456,318
7,958
5,346
3,791,587
7,191,912
3,791,587
5,229,121
148,238
211,661
2,764
177,636
668,630
149,052
15,723
18,579
31,241
110,201
250,846
75,214
-401
561,236
101,736
45,199
639,461
_
12,783
14,961
9,961
51,592
41,652
1,131,815
863,306
30,398
417,806
78,377
153,934
6,487,883
*3
d
w
»
&
>—i
CO
o
&
§
W
525,588
140,632
1-4
-29,812,387
-7,955,394
5,718,316
51,264,165
4,118
1,721,388
20
1,072,265
216
9,476,528
941,833
21,867
135,860
80,691
3,704
91,994
12,421,034
83
665,775
£>99
157,809
357,341
58,435
828,502
151
15,854
11,887,169
5,883,320 340,409,443
22,247
31,736
611,725
135,324
3,607,014
-
6,408,938
8
9,209
44
-6,760,422
-10,549,009
1,725,526
171,571
-42
6,588,849
1,183,953
9,217
Bureau of Government Financial Operations.
Note: Figures on accrued expenditures are developed from reports submitted to the Department of the Treasury by Federal agencies. Accrued revenues resulting from the Government's sovereign authority,
e.g., income and various employment taxes, and customs collections are not included in this report. Cash outlays and accrued expenditures are offset by revenues of a proprietary nature, e.g., marketoriented revenues or revenues derived from activities operated as business-type enterprises. Figures reported by agencies on receivables and payables may differ to some extent with reports on budget
status (S.F. 133 to 0MB) and budget results (TFS-2108 to Treasury) due to conceptual differences, e.g., deferred charges and advances to consolidated working funds are reported as receivables for this
table and as liquidated obligations for budget reports. For certain agencies submitting flash reports on cssh transactions, the net cash outlays shown above may not be totally consistent with
comparable data published in the Monthly Treasury Statement.
S
CO
October 1978
13
.FEDERAL OBLIGATIONS,
"Obligations" are the basis on which the use of funds
is controlled in the Federal Government.
They are recorded
of categories which are based upon the nature of the trans
action without regard to its ultimate purpose.
All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order, delivery, payment,
in current operations or in the construction of capital items.
consumption— which
characterize the acquisition and use of resources.
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
another; in doing so, the ’
’
buying" agency records obligations,
bursement of money.
and the "performing”agency records reimbursements. In Table
FO-1, obligations that are incurred within the Government are
The obligations! stage of Government transactions is a
strategic point in gauging the impact of the Government's
distinguished from those incurred outside the Government.
Tables FO-2, 3> and k show only those incurred outside.
operations on the national economy, since it frequently rep
resents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the
private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President's
Commission on Budget Concepts.
14
Treasury Bulletin
.FEDERAL OBLIGATIONS.
Table FO-L - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, April 30, 1978
__________________________________________(In millions of dollars)_____________________________________
Gross obligations incurred
Object class
Outside
Within
Esrsoma sunrises gpq tengfrts
Personnel compensation.......
Personnel benefits...........
Benefits for former personnel.
32,729
492
6,128
2,958
32,729
3,450
6,128
1,579
2,038
4,282
564
42,941
26,022
Contractual services and supplies
Travel and transportation of persons.
Transportation of things............
Rent, communications, and utilities..
Printing and reproduction...........
Other services......................
Supplies and materials..............
307
30,153
19,152
2,4a
293
1,048
1,841
257
12,787
6,869
Acquisition of capital assets
Equipment..................
Lands and structures.......
Investments and loans......
13,059
3,334
18,319
2,935
1,499
53
15,993
4,833
18,371
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities.....
Interest and dividends..............
Refunds.............................
63,984
87,955
23,096
536
129
6,961
64,113
87,955
30,057
536
-789
4,254
122
1,599
840
1
811
5,094
123
307,548
40,070
347,619
1,286
989
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...................
Gross obligations incurred 1/.,
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures cm this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)........... ... 347 619
Deduct:
*
Advances, reimbursements, other income, etc.... .. .57 539
Offsetting receipts.............................. -31*887
Net obligations incurred........... ........... .. 258,043
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, April 30, 1978
___________________________________________ ______ (In millions of dollars)_____________________________________
Major object class
Major function
National defense.......................
International affairs..................
General science space and technology....
Personal
services
and
benefits
Contractual
services and
supplies
26,311
34,471
12,008
999
288
1,038
383
740
2,623
5,120
1,447
62
76
32
127
354
96
9
1,042
2
1,603
353
Grants
and
fixed
charges
Other
Total
1,396
-
164
3,990
77,944
800
299
482
4,098
3,507
13
9,683
3,424
1,170
1,850
2,671
1,132
Acquisition of capital assets
Equipment
Lands and
structures
554
421
1,183
198
1,384
464
854
391
184
7
4
285
42
419
1,055
1,348
2,035
282
2,719
727
864
24
27
5
2
100
2
101
22
96
25
71
*
23
*
11
Investments
and loans
1,943
400
5,803
1,857
93
55
-1,757
General purpose fiscal assistance......
* Less than $500,000.
966
278
2,134
2
61
521
10,201
114
4,817
11,961
29,802
4
45
11,222
8
25,871
-15
234
367
84,814
8,541
-20
-
656
-
304
7,767
3
-
40
6,106
12,144
5,251
Education, training, employment, and
1,573
7
7,261
55
87,109
12,058
1,950
4,105
7,817
-
-
-
-
-
21,420
-
21,420
39,349
54,328
13,059
3,334
18,319
175,571
3,587
307,548
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, April 30, 1978
O
(In millions of dollars)
Classification
Benefits
Personnel Personnel for
compen<
benefits former
sation
personnel
i/
Travel and
trans
Transpor
portation tation of
of persons things
Legislative Branch 2( ............
The Judiciary...................
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
Other.........................
Agriculture Department:
Commodity Credit Corporation....
Other.........................
Commerce Department..............
Defense Department:
Military:
Department of the Army......
Department of the Navy......
Department of the Air Force.,
Defense agencies............
Civil defense..............
Total military.............
Civil...........................
Energy Department.................
Health, Education, and Welfare
Department......................
Housing and Urban Development Dept:
Government National Mortgage
Association....................
Housing for the elderly or
handicapped 2 / .................
Other...........................
Interior Department...............
Justice Department................
Labor Department..................
State Department..................
Transportation Department..........
Treasury Department:
Interest on the Public debt......
Interest on refunds, etc.........
General revenue sharing..........
Other...........................
Environmental Protection Agency....
General Services Administration....
National Aeronautics and Space
Administration...................
Veterans Administration............
Other independent agencies:
Export-Import Bank of U.S........
Small Business Administration....
Tennessee Valley Authority.......
Other...........................
.Acquisition of
capital assets
Contractual services and supplies
Personnel services & benefits
Rent, com
munications ,
and
utilities
Printing
Other
and
ser
repro
duction vices
Lands
and
struc
tures
Invest
ments
and
loans
Grants,
subsidies
and con
tributions
Total
gross
Undistrib Obliga
obliga
uted U. S. tions in vouch- tions
obliga
curred
incurred
ered
tions
abroad
Insurance
Interest
claims
and
and indem dividends
nities
22
11
50
15
2
6,316
198
5,897
199
820
416
94
7,467
218
4
5.257
135
193
317
219
34
36
26
268
327
3
42
278
329
_____9
763
20,509
408
7
190
293
1,528
44
39
77
4
783
89
148
96
939
323
2,494
8,040
4,117
857
2,486
4,856
3,556
3,430
1,557
5,352
4,839
104
15,520
14,328
11,852
12
18
5,667
7,656
55
3
306
216
162
29
1,840
6,564
475
156
6,808
-1,779
135
891
17,482
1,182
2,647
171
1
322
41
48
214
50
769
274
3,691
580
439
5,718
299
964
29
604
23,241
2,343
421
16,666
27,210
20,287
11,246
57
75,46(>
332
1,514
7,556
-35
27,480
34
46
39
700
640
227
177
1,170
245
150
206
492
18
16
13
104
625
82
106
17
422
78
400
19
66
14
4
159
3,185
181
605
36
7
1,235
53
436
6,523
356
2,358
40
4,950
2,595
1,348
8,646
909
4,621
21,237
183
7,046
78,404
1,425
21,237
1,262
102
137
341
97
438
33
5
839
17
7
55
2,078
66
41
364
2,024
5
64
447
472
46
73
17
45
328
Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
407
VO
00
4
178
5
7,046
4,051
1,147
11
2,127
2,691
101
47
190
2,265
Total.......................
2,441
6,128
1,286
492
989
50,153
Off-budget Federal agencies 4/:
Postal Service................
6,419
Rural Electrification Administration
revolving funds..............
Pension Benefit Guaranty
Corporation..................
Total Off-budget Federal
20
_____ agencies...................
32
238
6,424
593
Source:
Reports on Obligations, Standard Ports 225, from agencies.
Note:
Agency shifts are shown in this table beginning with the periods of such shifts. The amounts for the
complete fiscal year are adjusted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government except
for the Department of Defense and Transporation Department, U.S. Coast Guard.
2/
Sup
plies
and
mate
rials
§
Grants and fixed charges
367
6,077
193
483
-51
143
1,621
244
4
18,319
*
*
47
3,236
6,595
52
63,984
87,955
23,096
12,043
582
1,741
2,374
13,594
-1
6
270
536
-789
4,254
307,548
2
7,667
744
744
14
8,425
746
26
|/ This fund was reclassified from an off-budget to a budgetary account pursuant to an act
approved Oct. 4, 1977*
4/ Postal Service since July 1, 1973 , Rural Electrification Administration revolving funds since May
12, 1973, and Pension Benefit Guaranty Corporation since Sept. 17, 1974.
* Less than $500,000.
61
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
C\
Comparative Statement by Month
F.Y. 1978
F.Y. 1977
Object class
National defense:
Personal services and ‘
benefits:
Contractual services and supplies:
Apr.
Aug.
July
June
May
Mar.
Feb.
Jan.
Dec.
Nov.
Oct.
Sept
Comparable
period
Cumulative FT 1977
to date
Apr.
2,832
127
698
2,505
131
705
3,018
143
701
1,817
117
666
3,618
163
751
5,378
200
754
2,921
71
741
2,949
220
746
2,698
6
750
3,510
158
747
2,562
6
753
2,959
14
770
2,941
17
772
20,541
492
5,279
90
99
156
6
2,653
1,989
75
121
87
3
1,587
1,561
99
103
159
6
1,470
2,253
48
62
106
3
1,352
1,454
119
132
111
2
1,123
1,337
151
240
145
10
2,886
2,128
70
139
141
4
3,981
1,982
105
116
127
6
1,945
2,186
64
95
168
9
2,030
2,215
129
125
281
1
3,771r
l,902r
83
87
149
2r
2,149r
l,738r
211
84
146
27
l,238r
2,060r
129
119
197
10
2,197
2,250
765
1,211
59
17,312
14,333
536
763
1,067
26
17,005
12,520
1,969
172
-
1,314
161
-
1,474
873
-
796
96
*
1,383
801
-
2,173
-1,004
1
2,004
40
-
1,724
204
1,729
254
-
1,836
132
-
l,554r
104
1,417
165
-
12,008
999
-
11,955
1,922
-
1
1
6
2
2
2
6
3
2
2
23
-10
3
5
11
17
3
3
46
3
2
14
8
2
2
14
7
*
6
7
2
2
3
2
-1
42
94
18
11
45
77
11
16
1
76
-2,437
-92
10,646
681
9
10,951
-1
483
7
12,640
580
9
10,577
183
614
10
7
409
8
42
459
8
237
3,692
61
-96
3,376
58
13,440r
9,939
10,733
77,944
73,885
1,579
12,188
73
849
11,124
49
1,058
28
165
35
1,725
542
1,230
248
12,841
4,820
913
201
7,958
4,182
18,975
Acquisition of capital assets:
Grants and fixed charges:
Other:
1
1,744
100
1
4
8
3
2
*
3
3
9
2
2
15
-5
3
10
-95
573
8
11,292
88
393
7
8,751
3
562
10
207
8
10,883
6,746
-74
1,347
9
10,840
1,619
6
110
1,590
6
120
1,690
9
178
1,543
8
119
1,777
7
59
1,904
6
7,188
1,631
9
173
1,760
7
48
1,677
11
110
1,931
7
141
1,660
105
-1
1,950
-32
199
71
116
28
1,108
446
64
10
124
29
1,074
480
77
15
131
30
1,304
1,046
62
38
126
27
616
409
72
24
125
30
1,352
707
97
67
156
56
2,129
126
64
50
151
33
1,600
1,382
66
36
144
38
1,083
546
63
20
133
43
1,100
841
77
21
270
34
3,846
437
67
41
144
28
1,959
317
86
28
222
38
1,529
755
83
257
2,117
132
205
1,457
115
181
1,390
120
597
868
179
8
2,899
294
911
5,570
100
438
1,716
105
315
1,823
180
167
3,800
209
586
3,273
135
157
2,413
346r
3,136r
126
326
2,158
1,051
2,335
18,319
789
1,615
9,723
10,134
9,081
11,777
2,554
183
10,910
12,404
4,934
98
16,304
12,282
2,492
25
8,373
11,418
2,616
162
36,780
12,885
2,512
207
8,451
11,658
2,623
69
7,804
11,705
2,852
88
11,719
12,780
7,092
65
10,382
10,534
1,508
99
6,465
12,985
2,976
66
8,361
15,921
3,026r
66
10,759
12,276
3,002
72
87,861
23,078
526
60,215
88,735
19,858
732
-149
54
7
-41
77
7
538
155
10
-675
216
10
161
49
8
-610
104
12
-496
133
7
70,619
30,366
39,307
55
102
9
33,521
63
57
8
30,512
37
42
9
28,508
29,645
-235
75
8
32,788
229,603
208,744
41,352
81,266
43,005
39,461
49,883
46,958r
39,587
43,519
307,548
282,628
-1
1
1
-1
1
Non-defense:
Personal services and benefits:
5
467
10
9,663r
*
Contractual service and supplies:
17
Acquisition of capital assets:
196
495
224
Grants and fixed charges:
13,220
2,451
103
Other:
Grand total.............................
Less than $500,000.
Revised.
-618
75
7
31,380
28,798
34,555
-30
121
9
35,736
42,671
37,549
45,439
42,482
1 ... ...
35,471r
45,133r
-1,026
562
61
&9
393
410
55
§
I
17
October 1978
.ACCOUNT OF THE U.S. TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
T he w o r k i n g cash of- the T r easury is h e l d m a inly in
Treasury, banks are permitted to deposit in these accounts
Treasury’
s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
loan accounts with thousands of commercial banks throughout
The tax and loan account system permits the Treasury to
the country.
leave funds in banks and in the communities in which they arise
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay-
effect of its fluctuating operations on bank reserves and the
nents and funds for the purchase of Government,securities.
economy.
In this way the Treasury is able to neutralize the
A detailed description of the Treasury's depositary system
In most cases the transaction involves merely the transfer of
money from a customer's account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for
On occasions, to the extent authorized by the
1973, pages 282-285.
Table UST-1. - Status of the Account of the U.S. Treasury
(in millions of dollars)
Treasury operating balance 1/
End of
fiscal year
or month
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
Available funds
demand accounts
Special
Federal depositaries
Reserve Treasury tax
banks
and loan
accounts
1,258
4,525
1,005
6,929
7,372
1,274
2,344
7,634
4,038
8,433
6,152
2,919
1,475
5,773
11,975
2,854
13,299
4,119
15,740
3,364
in
at:
Other
deposi
taries 2/
_
-
139
106
88
343
7
-
-
1977-Sept.......... 15,740
Oct........... 6,398
Nov....... „... 2,562
Dec........... 7,114
1978-Jan........... 11,228
Feb........... 3,615
Mar........... 4,705
Apr........... 7,177
May........... 2,398
June.......... 11,614
1,253
3,776
1,702
2,104
1,328
5,912
_
_
-
July.......... 10,331
12,068
16,647
1,731
1,010
5,797
_
_
3,364
1,289
2,909
5,160
-
-
_
-
'
Total
2/
Funds in process
of collection
through:
Time deposits
and other
interestbearing
demand
accounts
Federal
Reserve
banks
Other
deposi
taries i j
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
393
355
419
252
243
276
369
235
184
147
179
117
135
76
55
-18
31
158
218
187
54
a
19
35
70
195
175
19,104
7^687
5,471
12,274
12,481
7,391
6,407
9,281
3,726
17,526
147
179
328
185
307
194
180
595
395
234
200
189
257
31
*
-4
-1
72
30
26
113
1
69
*
-3
11
J./P
168
135
100
100
98
98
102
102
93
93
69
136
12,062
13,078
22,444
Source:
Bureau of Government Financial Operations.
1/ Effective January 1972, Jhe Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2 / Will not agree with Daily Treasury Statement due to rounding.
i j Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
"miscellaneous items" columns.
-
Other
demand
accounts
2/
_
_
_
_
_
_
_
_
355
Coin
Miscel
currency
and coinage laneous
items
metal
553
277
441
471
586
602
752
819
818
717
104
121
108
129
70
54
46
50
Gold
balance
6/
Balance in
account of
the U.S.
Treasury
112
111
109
107
107
106
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
20,531
_
„
_
3
“
3
-
355
-30
-30
-30
-30
-35
-35
-35
-35
190
717
694
676
658
651
652
657
642
618
600
-5
-1
1
_1
*
*
-5
2
-35
-35
275
582
567
570
-1
-9
-2
-
-
*
*
*
20,531
8,697
6,572
13,185
13,581
8,331
7,335
10,698
4,804
18,715
12,902
13,857
23,691
J>/ Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
* Less thcji $500,000.
18
-
Treasury Bulletin
,
____________________________ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Elements of Changes in Federal Reserve and Tax and Loan Account Balances
(In millions of dollars)
x
Credits and withdrawals
Fiscal year
or month
Federal Reserve accounts l/
Credits 2/
1968.....................
1970.....................
1971.....................
1972.....................
1974.....................
1975.....................
1976.....................
T.Q......................
1977.....................
1976-Mar.................
1977- Sept................
Oct.................
Nov.................
Dec.................
1978-Jan.................
Feb.................
Mar............. .
Apr.................
June................
July................
Withdrawals 2 /
Tax and loan accounts
Proceeds from sales of securities y
Taxes 6/
Total
credits
-
2,678
2,603
2,578
2,849
3,314
3,270
3',104
3,-366
3,676
910
3,908
361
294
284
293
289
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
22,239
25,867
19,210
19,064
27,144
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
271,033
22,600
26,161
19,494
19,357
27,433
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
271,787
23,410
23,745
21,569
17,737
25,182
382
20,825
20,778
28,855
28,955
23,715
36,163
23,170
23,573
31,044
21,207
-
351
367
25,114
18,606
31,296
725,280
810,481
209,758
875,071
68,537
82,727
62,974
72,685
75,460
722,.427
804,282
208,434
872,627
19,114
15,825
16,683
19,375
15,812
10,571
9,072
2,897
-
71,759
73,102
72,316
76,521
70,908
-
77,164
71,338
87,530
89,045
90,580
93,325
73,050
78,951
86,440
86,573
95,359
84,109
72,117
88.438
66,477
-
-
70,834
90,175
71,056
Withdrawals
(transfers to
Federal Reserve
accounts)
Nonmarketable
issues J/
Marketable
issues
-
_
"367
-
313
297
291
258
_
21,129
29,222
28,899
29,301
24,082
36/476
23,467
23,864
31,302
24,858
31,892
27,648
24,585
26^515
Balances
Fiscal year
or month
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
T.Q......................
1977.....................
1976-Mar.................
1977- Sept................
Oct.................
Nov.................
Dec.................
1978-Jan.................
Feb.................
Mar.................
Apr.................
May.................
July*...............
During period
End of period
High
Low
Federal
Reserve
Tax and
loan
Federal
Reserve
Tax and
loan
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
868
3,364
1,289
2,909
5,160
1,253
3,776
1,702
2,104
1,328
5,912
1,731
1,010
5,797
2,197
1,586
1,916
1,987
3,392
5,017
4,361
9,766
11,972
13,296
16,115
9,820
15,740
15,740
6,171
9,963
11,228
10;412
7,380
8,729
11,271
14,132
12,052
12,162
16,647
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,456
6,286
7,144
15,740
6,398
2.562
7,114
11,228
3,615
4,705
7,177
2,398
11,614
10,331
12,068
16,647
Source: Bureau of Government Financial Operations; figures are on basis
of telegraphic reports.
1/ Figures are from the revised Daily Treasury Statement, effective
July 1, 1974. Prior data not available.
2/ Represents transfers from Tax and Loan Accounts, proceeds from sales
of securities other than Government Account Series, and taxes.
2 / Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account
Series, etc.
4/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of U.S. Government secu
rities purchased by them for their own account, or for the account
of their customers who enter subscription^ through them, when this
method of payment is permitted under the terms of the circulars
inviting subscriptions to the issues.
3,233
5,714
3,364
2,909
5,542
5,160
3,776
5,344
5,941
3,147
6,298
6,484
3,287
8,134
5/
Federal
Reserve
9
7
7
7
397
2
2
*
*
2,854
1,204
4,885
3,116
4,056
1,199
1,881
4,833
3,407
1,553
2,595
2,398
2,160
7,997
7,442
7,400
Average
Tax and
loan
Federal
Reserve
Tax and
loan
1,029
709
894
846
1,737
800
520
7
67
287
118
457
118
380
66
116
343
284
248
61
525
89
79
111
JL17
954
706
1,077
973
1,894
2,342
2,102
2,786
5,105
7,824
8,035
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,410
2,147
1,519
1,169
2,219
1,562
1,382
1,712
1,737
1,476
2,562
1,458
828
2,418
7,653
6,956
6,627
2,399
5,640
7,519
5,707
4,706
5,001
6,516
7,577
10,512
10,065
11,080
Includes United States savings bonds, savings notes, retirement plan
and tax and loss bonds. United States savings notes first offered
for sale as of May 1, 1967 and were discontinued after June 30, 1970.
Retirement plan bonds first offered for sale as of January 1, 1963*
tax and loss bonds first issued in March 1968.
*
£/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal In
surance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax' Act beginning July 1951; a nuirber of excise
taxes beginning July 1953; estimated corporation income taxes
beginning April 1967; all corporation income taxes due on or after
March 15, 1968 and FUTA taxes beginning April 1970
* Less than $500,000.
October 1978
19
ACCOUNT OF THE US. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces *
1967..................................
1968.................'.................
1969..................................
1970..................................
1971..................................
1972..................................
1973..................................
1974..................................
1975..................................
1976..................................
1977-Sept.............................
Oct..............................
Nov..............................
Dec..............................
1978-Jan..............................
Feb..............................
Mar..............................
Apr..............................
May..............................
June.............................
July.............................
Sept................
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
275,968,413.1
274,705,260.3
274,679,167.8
274,625,047.2
274,625,047.2
274,625,047.4
277,544,111-9
277,543,238.4
277,543,238.4
277,543,238.4
277,543,238.4
277,542,591.4
277,243,041.1
276,940,579.9
276,619,305.4
276,339,947.0
Source: Daily Treasury Statement through June 1974; Bureau of Government
Financial Operations thereafter.
Treasury gold stock which excludes gold held by the Exchange Stabili
zation Fund (ESF). See "International Financial Statistics," Table
IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968, when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
1/
Dollars
11,982
10,367
10,367
10,732
10,132
10,410 2 /
11,567 2 /
11,652
11,599
11,598
11,595
11,595
11,595
11,719
11,718
11,718
11,718
11,718
11,718
11,706
11,870
10,256
10,256
10,623
10,019
10,303
11,460
11,652
11,599
11,598
11,595
11,595
11,595
11,719
11,718
11,718
11,718
11,718
11,718
11,706
11,693
11,679
11,668
11,693
11,679
11,668
Balance of gold in
U.S. Treasury account
112
111
112
109
113
107
107
_
_
I
_
-
1968, and gold reserve against U.S. notes until March 18, 1968,when
it was transferred to the public debt also pursuant to P.L. 90-269.
2/ Gold a^pets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million. Gold assets were valued a.t $38 per fine troy ounce un
til October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
20
Treasury Bulletin
_________MONETARY STATISTICS_______
Table MS-1. - Currency and Coin in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
Currencies Presently
being issued 1/
Naticaaal
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
Federal
Reserve
notes 2 /
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes 4/
Total
currencies
1969.
1970.
1971.
1972,
1973.
1974.
1975.
1976.
T.Q..
1977.
57
55
54
53
52
51
50
50
49
49
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
3
3
3
3
3
223
220
218
215
213
212
211
210
209
208
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
294
297
321
320
320
321
322
322
322
317
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
87,349
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
87,947
1977-
49
49
49
49
20
20
20
20
20
3
3
3
3
3
208
208
208
208
208
1
1
1
1
1
*
*
*
318
317
317
317
316
49
49
49
49
49
49
49
48
20
20
20
20
20
20
20
20
3
3
3
3
3
3
3
3
208
208
208
208
207
207
207
207
1
1
1
1
1
1
1
1
87,488
87,349
88,372
91,243
93,143
90,162
90,690
91,660
92,327
94,560
95,339
95,567
96,522
88,087
87,947
88,969
91,840
93,740
90,758
91,285
92,255
92,922
95,154
95,933
96,160
97,114
19
TToh
_______
May .
End of
fiscal year
or month
1977-Aug............................
Oct............................
1978-Jan............................
Feb............................
May............................
June..........................
*
*
*
*
*
*
*
*
*
*
*
*
316
316
315
315
315
314
314
314
►
Coin
Fractional
coin
Total
Total Currency
and Coin in
circula
tion 2 /
482
482
482
633
705
765
816
941
951
999
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
$’l 97
5,877
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,244
9,348
9,876
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877
89,548
97,823
998
999
1,005
1,010
1,013
1,015
1,019
1,024
1,030
1,039
1,031
1,041
1,051
8,858
8,877
8,926
9,006
9,058
9,856
9,876
9,931
10,016
10,071
10,060
10,084
10,137
10,192
10,289
10,355
10,416
10,474
97,943
97,823
98,900
101,856
103,811
Dollars
9,045
9,065
9,113
9,162
9,250
9,324
9,376
9,423
Source:
Statement of Ifaited States Currency and Coin.
1/' Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2 / Issued prior to July 1, 1929.
l j Issued cm and after July 1, 1929.
100,819
101,369
102,392
103,114
,105,443
106,288
106,577
107,588 2 /
Currency and Coin in
circulation
per capita
(in dollars) 6/
250.65
265.39
282.03
297.84
322.11
348.44
380.06
413.17
415.37
450.08
451.01
450.12
454.76
468.06
476.74
462.57
465.12
469.50
472.53
482.89
486.44
487.38r
491.62
j>/ Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
7/ Highest amount to date.
* Less than $500,000.
r Revised.
October 197#
21
.FEDERAL DEBT.
Table FD-1. - Summary of Federal Debt
______________ (In millions of dollars)______________
Securities held by:
Amount outstanding
End of
fiscal year
or month
Government accounts
Total 1/
Public
debt
securi
ties 1/
Agency
securi
ties
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
197 7
1977-Mar.
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,866
646,379
709.138
680,141
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698.840
669,207
14,249
12,510
12,163
10,894
11,109
12,012
10,943
11,433
11,678
10,298
10,394
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157.295
146,758
1977-Aug.,
Sept,
Oct.,
Nov.,
Dec.,
1978-Jan.,
Feb.,
Mar.,
Apr.,
May.,
June,
July,
Aug..
695,485
709.138
707,693
718,232
729,164
731,821
739,650
747,844
746,431
751,412
758,804
760,203
773,340
685,174
698.840
697,403
707,972
718,943
721,595
729,753
737,951
736,589
741,598
749,024
750,477
764,446
10,312
l>3,b66
157.295
153,999
155,684
156,645
153,275
155,996
154,534
155,383
160,919
162,910
10,298
10,290
10,260
10,221
10,226
9,898
9.893
9,842
9,814
9,780
9,726
8.894
161,114
165,212
Source j Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
The public 2/
Public
debt
securi
ties
Agency
securi
ties
84,815
95,170
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155.490
144,949
151,860
155.490
152,195
153,888
154,849
151,480
154,182
152,718
153,563
159,093
161,085
159,291
163,708
m
279,483
284,880
304,328
323,770
343,045
346,053
396,906
480,300
Public
debt
securi
ties
Agency
securi
ties
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
543.350
11,403
9,956
9,911
8,794
9,113
10,024
9,001
9,478
9,730
#,493
9,124
1,809
533,383
524,258
1,807
1,805
1,804
1.796
1.796
541,819
551,843
553,694
562,548
572,519
578,546
583,654
593,310
591,048
590,493
595,894
599,089
608,128
533,314
543.350
545,207
554,084
564,094
570,116
575,570
585,233
583,026
582,504
587,939
591,186
600,738
1,795
1,814
1,816
1,820
1,826
1,825
1,823
1,504
8,505
8,493
8,487
8,464
8,425
8,430
8,084
8,077
8,022
7,988
7,955
7,903
7,390
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
________ (Dollar amounts in millions)_________________________________________________
Computed annual interest rate
End of
fiscal year
or month
1970...................
1971...................
1972...................
1975...................
1977-Mar...............
1977-Sept..............
Nov...............
Dec...............
1978-Jan...............
Feb...............
Mar...............
Apr...............
May...... ........
June..............
July..............
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
Total
interestbearing
public
debt 1/
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
668,216
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
44,481
a , 829
4.891
5.557
5.141
5.093
5.872
6.560
6.352
6.436
6.478
697,629
696,301
706,973
715,227
44,481
44,813
45,892
46,722
720,563
728,474
736,929
733,074
740,579
748,002
749,462
763,404
766,971
47,458
48,413
49,259
49,177
50,029
51,187
51,657
53,097
53,885
6.424
6.308
6.424
6.486
6.544
6.587
6.643
6.735
6.775
6.799
6.848
6.938
6.989
7.054
7.126
NQnmarketable
Marketable issues
Total
Treasury Bills
y
5.232
5.986
5.210
5.099
6.129
7.030
6.533
6.559
6.591
6.481
6.322
6.508
7.340
4.516
4.188
6.591
8.416
6.253
5.819
5.784
5.656
5.167
6.481
6.572
6.649
6.714
6.791
6.920
6.975
7.008
7.073
7.145
7.221
7.298
7.388
5.656
5.908
6.098
6.302
Source:
Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
end of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May 1960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual rate is computed
by dividing the computed annual interest charge for the total, or for
any group of issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based cm
6.481
6.620
6.744
6.808
6.990
7.152
7.320
7.432
7,668
Notes
5.668
6.420
6.519
6.312
6.412
6.529
7.058
7.352
7.356
7.066
7.196
7.066
7.065
7.068
7.067
7.082
7.222
7.245
7.258
7.281
7.312
7.336
7.374
7.397
Treasury
bonds
Other U
Government
account
series j5/
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
6.120
5.935
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
5.603
5.581
4.555
5.235
5.375
5.475
5.880
6.430
6.614
6.789
6.871
6.921
6.856
o. i20
6.123
6.185
6.188
5.603
5.609
5.612
5.619
5.635
5.636
5.655
5.662
5.662
5.668
6.921
6.937
6.973
6.984
7.018
7.059
7.076
7.107
7.133
7.351
7.389
7.435
7.491
6.245
6.327
6.330
6.332
6.433
6.436
6.509
6.584
6.587
5.643
5.710
5.726
the rate of effective yield for issue sold at premiun or discount.
Prior to that date it was based on the coupon rate for all issues.
1/ As of July 19/4, includes Federal Financing Bank.
2/ Excludes Federal Financing Bank.
2 / Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
i j On United States savings bonds the rate to maturity is applied
against the amount outstanding.
j>J As of July 31, 1974, Monthly Statement of the Public Debt of the U.S,
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts pre
viously shown as special issues.
22
Treasury Bulletin
FEDERAL DEBT
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Marketable
Total
interestbearing
public
debt
Nonmarketable
Total
Bills
1/
Treasury
notes
Treasury
bonds
Total
U.S.
savings
bonds
Invest
ment
series
Depos
itary
series
1977...........
1977-Mar.......
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
668,216
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
435,379
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161,505
156,091
78,946
93,489
104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45,724
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
254,121
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2,247
28
25
23
22
19
16
16
9
9
7
164,264
229,625
41,490
232,837
73,037
2,248
9
Foreign government
series
Dollar
Foreign
currency
denomi
nated 2/ denomi
nated 3/
2,367
1,703
1,366
3,389
7,606
1,664
2,072
16,913
26,781
1,743
23,412
1,599
21,617
1,599
19,901
1,599
19,215
1,599
20,510
1,289
1,461
20,617
1977-SeFb......
Oct.......
Nov.......
Dec.......
1978-Jan.......
Feb.......
lifer.......
Apr.......
May.......
June......
697,629
696,301
706,973
715,227
720,563
728,474
736,929
733,074
740,579
748,002
443,508
447,435
454,862
459,927
466,780
470,766
478,252
472,193
473,684
477,699
156,091
156,174
156,656
161,081
161,221
161,817
165,652
159,640
159,391
159,757
241,692
245,587
251,104
251,800
257,077
258,472
262,179
262,180
261,612
265,310
45,724
45,674
47,102
47,945
48,483
50,477
50,420
50,373
52,681
52,632
254,121
248;866
252,111
255,300
253,783
257,707
258,677
260,881
266,895
270,303
75,411
75,816
76,224
76,602
76,987
77,415
77,804
78,220
78,645
78,965
2,247
2,247
2,246
2,246
2,246
2,246
2,246
2,246
2,246
2,246
7
7
7
8
8
8
8
8
8
8
20,510
19,861
20,455
21,018
21,659
21,510
22,614
22,438
21,476
20,559
July......
Aug.......
749,462
763,404
766,971
481,041
485,557
485,155
160,092
160,615
160,936
266,586
268,531
267,865
54,363
56,410
56,355
268,420
277,847
281,816
79,281
79;543
79,798
2,246
2*246
2,246
8
8
8
19,952
2lJ415
20,912
End of
fiscal year
or month
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
Source:
Monthly Statement of the Public Debt of the United States.
1 / As of July 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, Treasury bonds beginning September 1964, and Treasury
bills beginning March 1975, sold to foreign government for U.S. dollars.
2 / Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962-April 1967; and
U
Govern
ment
account
series
U
Other
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
128,192
564
1,656
3,389
1,322
1,407
2,002
1,361
2,611
3,419
14,543
7,272
1,289
1^262
1,210
1,169
1,128
1,087
1,035
995
943
901
140,113
136^890
138,580
139,774
136,364
139^422
137,956
138,833
144,394
146,448
14,543
12,785
13,389
14,483
15,390
16,019
17,013
18,141
19,182
21,176
861
809
768
144,665
149;047
153,271
21,406.
24,778
24,813
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
As of the July 31, 1974, Monthly Statement of the Public Debt, of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
End of
fiscal year
or month
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......
197 7
1976-Mar..
1977- Aug.,
Sept,
Oct.,
Nov.,
Dec.,
1978-J an.,
Feb.,
Mar.,
Apr.,
May.,
June
July,
Aug.
Amount
outstanding
privately
held
156,008
157^910
161,863
165,978
167.869
164,862
210,382
279,782
294,595
326.674
276,434
325,001
326.674
338,290
343.870
343,019
355,374
358,320
362,693
355,144
356,892
353,660
358,255
359,919
(In millions of dollars)
Maturity classes
Within
1 year
m
1-5
years
50,182
57^035
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113,319
5-10
years
W
154,258
86,214
14,503
16,033
16.385
14,197
15.385
24,169
31,247
33.067
21,538
161,932
161,329
167,699
169,552
171,376
177,642
175,195
178,474
170,272
166,094
162,533
163,619
163,512
110,681
113,319
115,744
121,346
118,975
123,692
130,715
132,501
130,884
135,524
137,543
139,017
136,462
33,260
33.067
35,913
32,858
32,729
32,712
29,853
29,414
31,816
31,758
30,458
30,573
33,603
74,803
79,509
84,041
87,150
115,677
151,723
153,302
161,329
Source:
Office of Government Financing in the Office of the Secretary.
1/ Beginning with the September 1976 Treasury Bulletin the average length
10 - 20
years
m
20 years
and over
6.357
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
8,512
8,428
8,406
8,364
8,293
9,733
9,719
9,635
9,571
9,847
9,766
11,512
11,407
10,616
10,531
10,529
11,750
11,646
11,595
12,838
12,669
12,601
13,668
13,360
13,533
14,936
6.358
8,741
9,930
8,857
8,087
7,939
8,428
8,350
6,074
Average length 1/
4
3
3
3
3
2
2
2
2
2
2
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
2
8
6
3
1
11
8
7
9
11
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
5 mos.
0 aos.
11 mos.
10 mos.
0 mos.
11 mos.
11 mos.
0 008.
11 mos.
0 mos.
1 mos.
1 mo.
1 mos.
3 mos.
of the interest-bearing marketable public debt is computed an that
part of the outstanding public debt privately held.
October 1978
23
___________FEDERAL DEBT__________
Table FD-5. - Government Account Series
(In millions of dollars)
End b£
fiscal year
or month
1969.............
1970.............
1971.............
1972.............
1973.............
1974,............
1975.............
1976.............
T.Q..............
1977..... .......
1977-sept........
Oct.........
1978-Jan.........
Feb.........
May.........
July........
Aug.........
End of
fiscal year
or month
Total
Airport and Exchange
Airway
Stabilization
trust fund Fund
_
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
128,192
*
878
1,936
2,529
2,712
3,246
3,129
140,113
136,890
138,580
139,774
136,364
139,422
137,956
138,833
144,394
146,448
144,665
149,047
153,271
3,246
3,288
3,306
3,449
3,482
3,542
3,583
3,625
3,681
3,830
3,874
3,776
3,687
-
Federal Supp, Federal Sav
medical ins. ings and Loan
trust fund
Insurance
Corporation
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability Federal
Federal Home
insurance Energy
trust fund Administration Loan Banks
1,424
2,934
2,364
1,451
1,512
1,529
2,050
1,978
120
74
156
274
263
436
1,367
2,692
3,429
4,829
4,171
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
39,607
46,631
39,342
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
4,910
2,050
2,047
2,026
2,077
2,063
2,047
2,022
1,991
1,861
1,836
1,806
1,799
1,763
4,829
4,251
4,359
4,486
4,509
4,993
5,082
4,975
5,109
5,176
5,219
5,414
5,435
46,631
46,241
45,952
47,048
46,663
46,399
46,060
45,645
45,394
46,481
46,089
45,804
53,398
3,941
3,474
3,139
3,075
2,918
3,013
3,206
3,464
3,438
3,855
3,869
3,869
4,053
-
1,242
Government
life insur
ance fund
National
Highway
service life
trust fund insurance
fund
Postal
service fund
_
-
1,712
-
52
199
44
62
*
-
-
-
-
_
_
_
_
-
-
_
-
_
_
_
_
-
_
_
-
-
'
'
Railroad
retirement
accounts
Treasury
deposit
funds
_
Federal
Federal
hospital
old-age and
insurance
survivors
trust fund insurance
trust fund
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
10,924
11,216
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
30,430
10,924
10,526
10,820
11,130
10,073
10,225
11,115
11,236
10,978
11,805
11,713
11,504
11,707
31,333
79,086
29,037
28,339
27,050
28,621
27,117
27,840
29,835
27,926
26,547
28,976
26,890
Unemployment
trust fund
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345
3,603
Other
1/
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977.............
1977-Mar.........
358
13
257
478
700
531
1,378
1,230
1,244
2,232
2,006
73
80
89
139
81
129
907
1,593
1,885
2,535
2,201
842
797
758
717
690
651
604
569
560
526
547
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
10,079
9,380
5,754
5,915
6,068
6,155
6,427
6,605
6,716
6,931
6,956
7,250
7,190
963
820
385
53
277
771
978
2,190
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715
2,684
2,325
715
771
414
484
585
655
1,199
2,127
2,470
4,332
5,076
6,533
5,691
1977-Sept.........
2,232
1,925
2,984
3,226
2,535
2,549
2,633
2,658
526
523
519
528
10,0/9
10,029
10,042
10,387
7,250
7,249
7,251
7,465
978
2,620
2,636
2,916
2,684
2,417
2,437
2,359
736
744
727
798
3,603
3,335
3,878
3,106
6,533
6,581
6,829
6,724
3,291
3,495
3,675
3,581
3,680
3,807
3,925
3,990
4,021
2,678
2,879
2,890
2,903
2,880
2,913
2,939
3,073
3,088
524
519
513
509
501
510
505
500
496
10,544
10,700
10,890
11,085
11,173
11,553
11,520
11,651
11,578
7 438
7,429
7,407
7,389
7,360
7,565
7,548
7,635
7,618
2 708
2*571
2,162
2,200
2,055
2,318
2,154
2,367
1,677
2 296
2,226
2,081
1,792
1,789
3,105
2,777
2,780
2,579
/VJ
748
752
749
778
793
823
808
809
Z ,JOi
6 802
7,094
7,168
7,089
7,531
7,482
7,516
7,235
7,274
Nov..........
Dec..........
1978-Jan..........
Feb..........
Mar..........
June.........
July.........
Source: Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1^74 title of this table was "Special Public Debt
Issues".
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans*reopened insurance fund;
servicemen's group life insurance fund from August 1969-January 1973;
employees health benefits fund beginning October 1970; ExportInrport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court Judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
*
-
-
836
790
780
736
2,921
2,231
2,759
6,341
5,493
5,841
7,865
7,195
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NQAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HUD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessment fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval
Aaadeny Gift Fund; U.S. Naval Academy Miseum Fund; War Risk Revolv
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Hairy S. Truman Memorial schol
arship fund; Special Investment Account; Black Lung Disability Trust Fund.
Less than $500,000.
Treasury Bulletin
24
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
1969......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975......................
1976............. ........
T.Q.......................
1977......................
Total
amount
outstanding Family housing
and homeowners
1/
assistance
14,249
12,510
12,163
10,894
11,109
12,012
10,943
ll,433r
11,678
10,298
Housing and Urban
Development Department
Other independent agencies
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
577
517
487
454
Export-Import
Bank of the
United States
Federal
Home Loan
Bank Board
2,472
1,893
2,625
1,819
6
6
6
2,894
2,593
3,174
3,591
2,858
10
3,342
2,863
2,858
2,857
_
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1,136
1,016
1,077
487
581
578
579
592
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
3,845
1,024
1,016
1,006
991
983
579
579
583
585
581
3,7b8
3,768
3,768
3,768
3,743
2,840
-
2,837
-
412
408
1977-Max..................
10,934
1977- Aug..................
Sept.................
Oct..................
Nov..................
Dec..................
10,312
10,298
10,290
1978-Jan..................
Feb..................
Mar..................
Apr..................
May..................
June.................
10,226
9,898
9,893
9,842
9,814
9,780
974
963
954
949
935
926
599
602
607
607
608
606
3,743
3,743
3,743
3,701
3,701
3,701
2,833
2,512
2,512
2,509
2,494
2,471
July.................
9,726
8,894
916
906
603
603
3,666
3,166
2,464
2,142
10,260
10,221
5
5
2,221
-
_
-
-
-
-
- •
Postal
Service
Tennessee
Valley
Authority
_
_
250
250
250
250
250
250
250
250
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1,975
1,825
1,825
2
2
2
2
250
250
250
250
250
1,825
1,825
1,825
1,825
1,825
2
2
2
2
2
250
250
250
250
250
250
1,825
1,825
1,825
1,825
1,825
1,825
2
2
2
2
2
2
250
250
1 825
1,825
2
Other
3
3
3
3
3
3
2
Memorandum - Interest-bearing
securities of non-Government agencies 4/
End of
fiscal year
or month
Federal
National
Mortgage
Association
2 J 6/
District of
Columbia
Stadium
Fund
6,652
7,393
9,058
11,067
14,192
16,060
16,566
18^719
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
31^491
20
20
20
20
20
20
20
20
20
20
10,670
17,304
30,392
20
11,786
11,693
11,623
18,719
18,719
31,301
31,491
31,572
31,333
20
20
20
20
20
19,686
32,024
32,553
33,350
34,024
35,297
36,404
20
20
20
20
20
20,198
36,900
20
Banks for
cdoperatives
2/
Federal home
loan banks
3/
Federal
intermediate
credit banks
2/
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
4,061
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19,111
19,206
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
11,693
1977-Mar..................
4,899
18,483
1977-Aug....... .*.........
Sept.................
Oct..................
Nov............ .....
4,356
4,061
4,052
4,208
4,434
19,240
1971......................
1972......................
1976......................
1978-Jan..................
Feb..................
Mar..................
July.................
4,625
4,622
4,728
5,046
5,264
4,974
4,788
4,570
19,206
19,368
19,911
20,389
20,817
22,018
11,421
11,174
24,599
11,103
10,958
10,881
10,977
11,081
11,257
25,723
26,653
11,392
11,482
22,132
22,156
24,210
Source:
Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to re
flect certain Export-Import Bank borrowing transactions now classified
as agency debt. These transactions were previously reported as offbudget negative outlays.
1/ Includes unredeemed matured securities outstanding on lyhich interest
has ceased.
Federal
land
banks
5,720
6,192
19,118
19,118
19,118
19,498
19,350
19,350
19,686
19,686
20,198
31,890
37,518
20
20
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-448).
y
Effective December 31, 1968, banks for cooperatives and Federal in
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
i±/ For details of securities outstanding, see Table TS0-5.
1 / Includes Federal Home Loan Mortgage Corporation mortgage backed T^wig
beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
25
October 1978
_________ FE DERAL DEBT________
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Participation certificates issued by GNMA acting as trustee
Agriculture
Department
End of
fiscal year
or month
Sales
1977-Mar...............
1977-Aug...............
Sept............
Oct...............
Nov.......... .
Dec...............
1978-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug...............
Export-Import Bank
of the United States
Commodity Credit
Corporation
2,i8l
~
-
Retire
ments
.
2,181
-
-
Out
standing
-
Sales
-
-
Retire Out
ments
standing
369
321
268
608
42
327
-
-
-
-
-
-
-
-
-
-
-
-
”
-
'
1,814
1,493
1,226
618
576
249
249
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
Farmers Home
Administration 1/
Total
Sales
Retire Out
ments
standing
Sales Retire
ments
1,330
630
1,280
1,315
1,085
440
110
110
80
35
377
_
-
225
_
_
_
_
-
-
_
_
-
-
-
25
-
_
-
-
“
-
23
20
210
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
3,845
3,768
3,768
3,768
3,768
3,743
3,743
3,743
3,743
3,720
3,720
3,720
3,700
3,490
I84
401
80
168
24
_
41
_
_
_
_
-
-
_
_
-
-
-
-
-
_
-
-
-
-
”
-
_
_
Out
Retire
standing Sales ments
1,166
765
685
517
493
493
492
492
492
451
451
451
451
451
451
451
451
451
451
451
451
451
451
451
Participation certificates issued by GNMA acting as trustee - Continued
Housing and Urban Development Department
End of
fiscal year
or month
Office of Secretary 2/
Retire
ments
196 9
197 0
1971...
197 2
197 3
197 4
.
197 5
197 6
.
T.Q..... .
197 7
.
1977-Mar..
640
27
324
963
405
34
Oatstanding
2,433
2,109
1,146
741
707
707
707
707
707
700
Sept.
Oct..
Nov..
Dec..
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
700
700
700
700
700
700
700
700
700
700
700
700
July.
Aug..
700
700
1977-Aug..
Government National
Mortgage Association i j
Small Business
Administration 5/
Retire Out
standing
ments
140
134
190
81
193
95
65
70
41
19
165
1,897
1,707
1,626
1,433
1,338
1,273
1,204
1,164
1,145
203
225
91
206
41
102
1,016
980
1,007
782
691
485
444
444
444
444
444
342
260
Retire
ments
79
136
99
107 '
243
45
41
40
16
54
342
342
342
342
342
969
969
969
969
969
969
969
969
969
Source:
Bureau of Government Financial Operations.
2/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
2 / Includes College Housing, Housing for the Elderly, and Public Facility
programs.
k / Includes Special Assistance, and Management and Liquidating programs.
Veterans
Administration 6/
Retire Out
ments
standing Sales
342
342
342
342
342
342
14
342
32
5/
342
311
Health, Education,
and Welfare
Department 2/
-
_
-
-
212
209
207
201
199
199
198
198
198
190
190
190
190
190
190
190
190
190
190
190
190
-
_
190
-
-
190
190
15
_
_
_
„
_
_
_
_
-
_
3
3
2
6
2
_
8
-
_
_
_
_
-
-
_
-
_
_
-
_
_
_
-
_
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 7/
Retire
ments
Out
standing
1,885
1,749
1,650
1,543
1,300
1,255
1,214
1,175
1,159
1.105
1,146
1.105
1.105
1.105
1.105
1.092
1.092
1.092
1.092
1,068
1,068
Out
standing
667
Out
standing
1,590
1,068
20
178
1,048
870
Includes programs for Disaster Loans, and Business Loans and Invest
ments.
6/ Includes Direct Loan and Loan Guaranty programs.
7/ In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966, Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
Treasury Bulletin
26
FEDERAL DEBT
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
Debt outstanding sub
ject to limitation
Interest-bearing debt
subject to limitation
Non-interest-bearing debt
subject to limitation
End of
fiscal year
or month
Statutory
debt
limit
Total
Public debt
1/
Other debt
1/2/
Public debt
Other debt
1969......................
1970,.....................
1971......................
1972......................
1973......................
1974......................
1975......................
1976....................
T.Q.......................
1977......................
1977-Mar..................
377,000
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
700,000
682,000
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
635,822
699,963
670,343
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
698,229
668,596
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
1,734
1,748
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
668,216
' 3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
1,734
1,748
530
437
389
453
343
380
443
566
529
600
380
a977-Sept..................
Oct...................
Nov...................
Dec...................
700,000
752,000
752,000
752,000
699,963
698,530
709,101
720,068
698,229
696,792
707,361
718,332
1,734
1,738
1,740
1,736
697,629
696,301
706,973
715,227
1,734
1,738
1,740
1,736
600
491
388
3,105
1978-Jan...................
Feb...................
Mar...................
Apr...................
May...................
June..................
752,000
752,000
752,000
752,000
752,000
752,000
722,741
730,900
739,103
720,985
729,142
737,341
735,978
740,988
748,414
1,756
1,758
1,763
1,762
1,763
1,761
720,563
728,474
736,929
733,074
740,579
748,002
1,756
1,758
1,763
1,763
1,763
1,761
421
July..................
Aug...................
Sept.................
752,000
798,000
798,000
7^9,867
1,758
1,758
1,756
749,462
763,404
766,971
1,758
1,758
1,756
737,7a
742,750
750,175
751,625
765,594
772,691
763,836
770,935
Source:
Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1977. For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
Public debt
1/
Other debt
1/
825
825
825
825
825
825
_
_
-
_
668
412
2,905
409
412
405
431
3,963
_
-
1/ Adjusted to exclude notes to IMF and other international lending oi>ganizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
27
October 1978
.FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitations
The Act of June 30, 1967
The Second Liberty Bond Act (31 U.S.C. 757b), as amend-
(Public Law 90-39)
provides
ed, provides that the face amount of obligations issued under
that the face amount of beneficial interests and participa-
authority of that Act,
tions issued under section 302 (c)
and the face amount of obligations
guaranteed as to principal and interest by the United States,
of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
in the aggregate $400 billion outstanding
the fiscal year 1968
at any one time.
Public Law 95-333 provides that beginning
added to the amount
on August 3, 1978,
and ending on March 31, 1979, the Public
mining whether the requirements of the above provisions are
debt limit shall be temporarily increased by $39-
billion.
and outstanding
at any time shall be
shall not exceed
otherwise taken into account in deter-
met.
Part A. - Status Under Limitations* September 30, 1978
(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..........................................................................................
771,544
610
(*)
770,935
621
1,135
1,756
772,691
798,000
25,309
Part B. - Application of Statutory Limitations, September 30, 1978
Classification
Interest-bearing debt:
Marketable:
Bills:
Treasury...........................................................................................................
Notes:
Treasury...........................................................................................................
Bonds:
Treasury...........................................................................................................
Total marketable.....................................................................................................
Nonmarketable:
Depositary series....................................................................................................
Foreign government series:
Dollar denominated.................................................................................................
Foreign currency denominated.......................................................................................
Government account series......................................................................................... j .
Investment series....................................................................................................
R.E.A. series.................................................................................................. !!!!!!
State and local government series......................................................... ]......... !...!.... I*.*.!!!.*
United States individual retirement bonds.............................................................................
United States retirement plan bonds.............................................................................!!!!.*.
United States savings bonds................................................................................... !.!.!!.
United States savings notes..............................................................................]..... !.!!!!
Total nonmarketable..................................................................................................
Total interest-bearing debt............................................................................................
Non-interest-bearing debt:
Matured debt...........................................................................................................
Other................................................................................................. !*..!*..!! 1!.!!!! 11
Total non-interest-bearing debt.................................................................................... [***
Total public debt outstanding............................................................................................
Source: Monthly Statement of the Public Debt of the United States.
* $500 thousand or less.
Amount outstanding
160,936
267,865
56,355
485,155
.... — 1—
8
20,912
768
153,271
2,246
3
24,233
37
155
79,798
385
..... 281,816
766,971
3,787
786
_______ 4,573
771,544
28
Treasury Bulletin
FEDERAL DEBT
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
..... ...........
1970.................
1971...,.............
1972.................
1973.................
1974.................
1975.................
1976.................
Agency
for
Inter
national
Develop
ment 1/
Total
28,164
30,651
31,944
33,939
34,237
544
512
451
416
374
327
233
“
VAVt
44,674
53,091
57,374
66,353
1977.................
1977-Mar.............
61,742
1977-Sept............ .
Oct............. .
Nov..............
Dec..............
66,35J
68,44*
70,169
72,134
1978-Jan..............
Feb..............
Mar..............
Apr............. .
May..............
June.............
74,581
76,070
15
78,311
79,201
80,224
July.............
Aug..............
Sept.............
81,648
83,534
85,626
.
-
Federal
Federal
Financing Home Loan
Bank
Bank Board
602
13,466
22,413
25,884
35,418
31,312
35,418
36,722
37,095
38,580
39,522
40,606
42,964
43,871
44,504
45,545
46,668
48,078
Housing,and Urban Development
Department^- Continued
End of
fiscal year
or month
Govern
ment
National
Mortgage
Assn. jy
Other
6/
±9597777.
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
197 7
1977-Mar.
2,427
3.133
3,552
3,781
3,053
3.133
5,413
6,124
5.907
4.908
5,200
15
10
223
665
1,641
2,462
3,677
4,666
4,878
3.529
5,008
1977- Sept.
Oct..
Nov..
Dec..
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
4.908
4,898
4,928
4,931
4,960
4,950
4,819
4,767
4,741
4,835
3.529
3.529
3.529
3.609
3.609
5,071
5,142
5,248
July.
Aug..
Sept.
1,247
1,534
1,491
_
-
Agriculture Department
Secretary:
Rural
Farmers
Commodity
Electri
Home
Credit
fication Adminis
Corpo
Adminis
tration
ration
tration
Programs
2/
12,115
5,045
1,583
12,262
5,328
1,416
11,977
5,746
1,391
11,501
6,051
1,606
10,864
1,610
6,563
8,608
6,963
2,545
5,046
7,409
1,482
2,840
7,512
1,717
3,556
7,409
1,867
6,128
7,865
1,922
4,288
7,609
1,922
6,128
6,925
8,181
8,507
9,947
10,092
10,230
10;281
10,233
10,282
10,414
10,715
11,261
7,865
7,865
7,888
7,903
7,925
7,951
7,865
7,920
7,959
7,979
7,992
8,039
7,865
Interior
Department
Rural
Telephone
Bank
Helium
fund
110
Ten
nessee
Valley
Author
ity
ExportImport
Bank of
the
United
States
2/
720
1,586
783
1,743
1,888
2,457
207
11
73
3
66
Housing and Urban
Development Department
Offic e of the Sec
College
housing
loans
950
1,400
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
2,811
Urban
renewal
fund
800
800
800
800
800
800
800
800
800
800
800
800
800
1,922
1,922
1,922
1,922
1,922
1,922
1,922
1,922
1,922
1,922
3
3
3
5
2
161
18
16
2
11
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2^811
2,811
2,811
1,922
1,932
2,222
23
328
2,811
2,811
2,811
Transpor
tation
Dept.
Saint
Lawrence
Seaway
Develop
ment
Corp.
-
Veterans
Adminis
tration:
Direct
loan
program
400
600
800
800
800
800
800
800
800
800
800
Under
Defense
Produc
tion
Act
of 1950
2/
205
100
100
100
100
100
100
150
150
150
150
150
116
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
150
150
150
150
150
1-50
150
150
150
150
116
116
115
115
115
115
115
115
115
115
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
-
3,669
3.709
3.709
3.894
252
252
252
252
252
252
252
252
252
234
234
234
234
236
255
257
261
284
290
3.894
3.894
3,969
252
252
252
305
311
319
150
150
150
115
115
115
1.730
1.730
1.730
-
&669
140
207
251
252
252
252
251
252
252
49
132
191
201
234
252
252
133
133
130
127
123
121
120
118
118
116
2,032
1,996
2,010
2,010
2,014
2,015
2/
2/
2/
2/
-
-
-
-
Other
u
220
260
352
333
351
414
455
124
149
264
176
264
265
309
361
361
364
36 L
369
379
400
429
457
490
Other
8/
38
43
43
43
63
43
44
98
97
223
97
223
223
224
224
240
241
243
244
244
249
192
192
317
29
October 1978
.FEDERAL DEBT,
Footnotes to Table FD-10.
Source:
Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances "by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1977 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 389-393, and the 1977 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 542544.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2 / Includes securities transferred from the Reconstruction Finance
Corporation.
i j Consists of notes issued to borrow for* public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund; and Housing for the Elderly and Handicapped.
j>/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration* from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals Explo
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: International Communication Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NQAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974; Federal Railroad Administration, rail service assistance, begin
ning January 1976, and regional rail reorganization, April, 1976;
Bonneville Power Administration beginning September 30, 1977;
Secretary of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977.
2/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
Treasury Bulletin
30
.FEDERAL DEBT
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, September 30, 1978
(In millions of dollars)
Title and authorizing act
Bonneville Power Administration,
act of Aug. 20, 1937 as amended:
Advance.... ...................
Do.
Commodity Credit Corporation,
act of Mar. 8, 1938 as amended:
Advances...... ...........................
Do......................................
Do......................................
Do......................................
Do......................................
Do......................................
Total.....................................
District of Columbia*
Stadium sinking fund, Armory Board, act of
July 28, 1958, as amended:
Note....................................
Federal Financing Bank, act of Dec. 29, 1973*
Advances........................................ .
Federal Housing Administration, act of Aug. 10, 1965
General insurance fund:
Advance......................................... .
Do.............................................
Advances......................................... .
Do.............................................
Do.............................................
Do.............................................
Advances......................................... .
Do.............................................
Advances......................................... .
Advance.......................................... .
Do............................................. .
Do.............................................
Do............................................. .
Do............................................. .
Subtotal......................................... .
Special risk insurance fund:
Advances..................
Do......................
Advance...................
Do......................
Do......................
Do......................
Do......................
Advances................
Do......................
Bo......................
Do......................
Advance*..................
Advances...................
Do......................
Do......................
Do......................
Subtotal...................
Total Federal Housing Administration....... .
Pennsylvania Avenue Development Corporation,
act of October 27, 1972 as amended:
Advances................................. .
Government National Mortgage Association,
act of Aug. 2, 1954, as amended:
Emergency home purchase assistance fund:
Advances................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Do...................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Do....................................
Subtotal.
Management and liquidating functions:
Advance............................
Date of issue
Date payable
Sept. 30, 1978
do
Sept. 30, 1979
Sept. 30, 2013
Interest payable
Rate of
interest
March 31, Sept. 30
do
9-1/8
July 1, Jan.
do
do
do
do
do
7
7-1/4
7-3/8
7-3/4
8
8-3/8
When funds are
available
At maturity
Various
Various dates
Various dates
At maturity
Jan. 31, 1974
Mar. 31, 1974
Various dates
do
do
Oct. 31, 1974
June 30, 1975
Oct. 31, 1975
Various dates
Oct. 31, 1971
do
do
do
Oct. 31, 1971
Jan. 31, 1989
Jfar. 31, 1989
Various dates
do
do
Oct. 31, 1989
June 30, 1990
Oct. 31, 1990
Various dates
Oct. 31, 1986
do
do
do
Sept. 30, 1993
At maturity
do
do
do
do
do
do
do
do
do
do
do
do
do
Various dates
do
do
do
do
do
Dec.
1, 1973
1, 1979
do
do
do
do
do
Various dates
do
Feb. 28, 1973
Various dates
Sept. 30, 1973.
Nov. 30, 1973
Mar. 31, 1974
Various dates
do
do
Oct. 31, 1974
June 30, 1975
Oct. 31, 1975
Various dates
Oct. 31, 1971
do
Various dates
do
Feb. 28, 1988
Various dates
Sept. 30, 1988
Nov. 30, 1988
Mar. 31, 1989
Various dates
do
do
Oct. 31, 1989
June 30, 1990
Oct. 31, 1990
Various dates
Oct. 31, 1986
do
Various dates
Various dates
Various dates
Various dates
do
do
Various dates
do
do
do
do
do
do
do
do
do
do
Jan. 2, 1975
do
July 1, 1979
Various dates
do
do
Various dates
do
do
do
do
July 1, 1982
do
do
do
do
do
July 1, 1983
do
June 30, Dec. 31
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
SM
Principal
amount
250
"50
300
9,094
331
529
131
202
974
11,261
48,078
7
7-1/4
7-5/8
7-7/8
8
8-3/8
8-1/4
8-1/2
8-1/8
7-1/2
7-1/4
7-3/4
8-1/4
8-5/8
50
84
314
385
201
142
202
270
273
44
86
20
10
75
2,157
7
6-1/4
6-5/8
6-3/4
7-1/2
6-7/8
7-1/4
7-5/8
7-7/8
8
8-3/8
8-1/4
8-1/2
8-1/8
7-3/4
8-1/4
38
34
86
276
36
68
90
224
214
199
99
75
135
148
60
30
1,812
3,968
7-3/4
7-5/8
7-1/2
7-1/4
6-7/8
6-3/4
7
6-3/8
6-1/8
7-1/8
7-3/8
7-7/8
7-1/2
8
8-1/8
8-3/8
8-5/8
21
91
42
18
138
3
20
12
26
4
41
92
17
53
123
305
71
At maturity
1, July 1
1, July 1
do
do
1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
1,076
Various dates
July 1, 1982
1, July 1
6-7/8
35
October 1978
31
.FEDERAL DEBT
Table FD-11. - Description of S e c u r itie s of Government Corporations and Other
Business-Type Activities Held by the Treasury, September 30, 1978—Continued
(In millions of dollars)
Title and authorizing act
Government National Mortgage Association,
act of Aug. 2, 1954— Continued
Subtotal....................................
Special assistance functions:
Advances....................................
Do........................................
Do........................................
Advances.*..................................
Do....................... ................
Do........................................
Do........................................
Do........................................
Do........................................
Do......... ........................ .
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do....................................... .
Do........................................
Date of issue
Date payable
Interest payable
Rate of
interest
35
July 1, 1976
do
do
Various dates
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1, 1969
July- 1, 1981
do
do
Various dates
do
Various dates
do
do
do
July 1, 1980
do
do
Various dates
July 1, 1981
do
do
July 1, 1982
do
July 1, 1983
Various dates
Various dates
Various dates
do
do
do
do
do
do
do
do
do
do
Oct. 28, 1975
July 26, 1973
June 30, 2024
do
do
do
Various dates
do
June 30, 2024
Various dates
do
do
do
June 30, 2025
Various dates
1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
3-1/8
3-3/8
3-7/8
7-3/4
7-1/4
7-7/8
7-3/8
7-1/2
7-5/8
8-1/8
8-3/8
6-3/4
6-7/8
6-3/8
6-1/8
7
7-1/8
8
8-5/8
3
7
2
458
478
585
555
591
291
322
253
50
210
23
190
61
45
5
10
4,137
5,248
None
7,865
Subtotal....................................
Total Government National Mortgage Association.
Rural Electrification Administration,
act of May 20, 1936, as amended:
Notes of Administrator.......................
Rural Telephone Bank, act of June 30, 1972:
Advances....................................
Do....................................... .
Do........................................
Do........................................
Do.....................................
Do........................................
Do........................................
Do........................................
Do........................................
Do.....................................
Do....................................... .
Advance.....................................
Do....................................... .
Total.......................................
Saint Lawrence Seaway Development Corporation,
act of May 13, 1954, as amended:
Revenue bonds............................... .
Secretary of Agriculture, Farmers Home
Adminis trat ion:
Rural housing insurance fund, act of July 15,
1949, as amended:
Notes....................................
Notes....................................
Do.....................................
Do.....................................
Do.....................................
Advance..................................
Subtotal.................................
Agricultural credit isurance fund, act of Aug.
14, 1946, as amended*
Advances..................................
Advance...................................
Advance...................................
Subtotal.............................. .
Rural development insurance fund, act of
Aug. 30, 1972:
Advance...................................
Advances..................................
Do.... ..................................
......................................
Subtotal........ ..........................
Total, Secretary of Agriculture, Farmers
Home Administration.........................
Secretary of Housing and Urban Development
Principal
amount
Interest cancelled pursuant
to P.L. 93-32, approved
May 11, 1973.
Jan.
1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
7-1/4
7-3/8
7-1/2
7-5/8
7-7/8
8-1/8
8-3/4
8-1/2
8-1/4
8
8-3/8
8-5/8
7-3/4
5
8
10
10
30
61
12
37
48
11
54
9
24
319
Interest cancelled pursuant
to P.L. 91-469, approved
Oct. 21, 1973 (84 Stat 1038)
None
Various dates
Various dates
June 16, 1961
Various dates
do
do
do
Oct. 1, 1977
June 30, 1993
Various dates
do
do
do
Oct. 11, 1978
June 30, Dec. 31
do
do
do
do
do
3-3/4
3-7/8
4
4-1/4
4-1/8
6.063
15
121
220
65
135
450
1,006
Various dates
June 30, 1976
June 30, 1978
June 30, 1983
June 30, 1981
June 30, 1983
June 30, Dec. 31
do
do
8-1/8
7-3/4
8-3/8
350
326
100
776
Sept. 3, 1972
Oct. 2, 1972
Various dates
do
do
June 30, 1992
June 30, 1993
Various dates
do
do
June 30, Dec.
June 30, Dec.
do
do
do
7-5/8
5-7/8
8-1/8
8-3/4
8-5/8
30
25
335
10
40
440
115
2,222
Treasury Bulletin
32
.FEDERAL DEBT
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, September 30, 1978—Continued
(In millions of dollars)
Title and authorizing act
Rural development insurance fund, act of
Aug. 30, 1972— Continued
Department:
College housing loans, act of Apr. 20, 1950
as amended:
Housing for the Elderly and Handicapped,
act of 1959
National flood insurance fund, act of
Aug* 1, 1968:
Date of issue
New Communities Guarantee, Metropolitan
Development, Title IV, act of August 1, 1968:
Do.............. .................................
Do............. ........ *........................
Do........... *...................................
Subtotal,....... ........... .....................
New Communities Grarantee, Metropolitan
Development, Title VII, act of Dec. 31, 1970:
Advances....»...... ............................ .
Advances*........
Advances.
Advance..................... .
Advance................................. ........
Subtotal,.........................................
Urban renewal fund, act of July 15, 1949,
as amended:
Total, Secretary of Housing and Urban Development
Secretary of the Interior:
Bureau of Mines:
Helium fund, act of Sept. 13, I960:
Notes.........................................
Do....................................... .
Note....... ...................................
Notes........................ .............. ..
Do..........................................
Do..........................................
Do..........................................
Notes.........................................
Do.................... ......................
Do...... .................. ...... .
Do.......... ............ ........... .
Do..........................................
Do..........................................
Do...................... ....................
Do.................. .................... .
Note..........................................
Notes............. ........ ...................
Note.................... ....... ..............
Total........................................... .
Secretary of Transportation:
Rail Service Assistance, act of January 8, 1971:
Advance........................................
Subtotal.... .............. ....................
Regional Rail Reorganization, act of January 2,
1974:
Advance,............................ ......... ..
Rate of
interest
Interest payable
Principal
amount
Percent
1, 1978
Jan.
1, 1979
Jan.
1, July 1
Various dates
Oct.
1, 1992
Oct.
1, Apr.
Oct. 12, 1976
July 1, 1977
July 1, 1979
July 1, 1979
do
Oct. 1 , 1980
do
do
do
do
do
July 1 , 1980
Jan.
Feb.
Do............................................
Do............................................
Do............................................
Do............................................
Do...................................... .....
Do..........................*.................
Date payable
6 , 1978
do
do
do
do
Various dates
Nov. 26, 1975
May 26, 1976
July 1, 1976
Nov. 29, 1976
Jan. 1, 1977
July X, 1977
July 1, 1985
Varic>us dates
July 1, 1985
July 1 , 1986
do
do
July- 1, 1987
Oct
Jan.
Jan.
2-3/4
1
6.42
do
do
do
IL A*n*p 1
do
do
do
do
do
do
6- 5/8
6-1/4
7
7-5/8
1, July 1
do
do
do
do
do
1, July 1
8-1/4
7-7/8
7-3/4
8
7-7/8
8-1/4
8- 5/8
8-3/8
8-1/8
8
7-1/2
7
7-3/8
2,811
45
8
99
11
4
21
9
16
11
5
46
230
*
*
1
*
1
*
*
3
Various dates
do
do
do
do
do
do
do
Mar. 17, 1975
Various dates
do
do
July 1 , 1986
do
do
do
do
July 1, 1987
Various dates
On demand
Jan.
1, July 1
do
do
do
do
do
do
July 1, 1987
do
7-7/8
7-3/4
7-1/2
7
7-1/8
7-3/8
7-5/8
8-1/2
Jan.
6-1/4
1, July 1
8
2
23
2
83
2
2
37
46
8
211
800
4,055
Various dates
do
Dec. 28, 1965
Various dates
do
do
do
do
do
do
do
do
do
do
do
Apr. 10, 1970
Various dates
July 28, 1972
Sept. 13, 1985
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Interest -navment.s defended
to Sept. 13 , 1985
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
4-1/8
21
4-1/4
4-3/8
4-1/2
4-5/8
4-3/4
4-7/8
5
5-1/8
5-1/4
5-3/8
5- 1/2
5-5/8
6-1/4
6- 5/8
6-3/4
6-1/8
9
2
11
8
6
4
12
4
L
10
13
9
5
70
11
1
59
1
252
Apr. 20, 1976
Apr. 20, 1980
Sept. 30, 1978
Sept, 30, 1979
do
Mn+.nT»T+/v
7
3
3
8-3/8
3
33
October 1978
.FEDERAL DEBT
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, September 30, 1978—Continued
(In millions of dollars)
Title and authorizing act
Regional Rail Reorganization, act of January 2,
1974— Continued
Total.......................................
Smithsonian Institution:
John F. Kennedy Center parking facilities,
act of Jan. 23, 1964:
Revenue bonds...............................
Do........................................
Do........................................
Do........................................
Do........................................
Revenue bond................................
Revenue bonds...............................
Do........................................
Do........................................
Total.......................................
Tennessee Valley Authority, act of Aug. 6, 1959:
Advances....................................
United States Information Agency, act of
Apr. 3, 1948, as amended:
Note of Administrator (ECA)..................
Do....................... ................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Do........................................
Total.......................................
Veterans Administration:
Veterans Direct Loan Program, act of
Apr. 20, 1950, as amended:
Agreements................................
Do......................................
Do......................................
Do......................................
Do......................................
Agreement.................................
Do......................................
Do......................................
Do......................................
Do......................................
Agreements................................
Do......................................
Do......................................
Do......................................
Do......................................
Agreement.................................
Agreements................................
Total.....................................
Total securities............................
*
Less than $500,000.
Date of issue
Date payable
Various dates
do
do
do
do
June 12, 1969
Various dates
do
do
Dec. 31,
do
do
Dec. 31,
do
do
do
do
do
May 26, 1978
Oct. 27, 1948
do
do
Jan. 24, 1949
do
do
do
do
do
do
do
do
do
do
Sept. 18, 1958
do
Aug. 12, 1959
do
do
do
Interest payable
Rate of
Interest
Dec. J1
do
do
do
do
do
do
do
do
5-1/8
5-1/4
5-3/8
5-3/4
5-7/8
6
6-1/4
6-1/2
6-5/8
May 26, 1
Quarterly
5-1/2
June 30,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
June 30,
do
do
do
Anytime by agreement
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1-7/8
2
Principal
amount
150
2- 1/8
2- 1/2
2-7/8
3
3-1/8
3-1/4
2-5/8
2-3/4
3-3/8
4
3-7/8
3-5/8
3-7/8
4
4
3-7/8
4—1/8
4-7/8
*
2
*
1
*
*
*
1
*
22
Various dates
do
do
do
do
Dec. 31, 1956
Mar. 29, 1957
June 28, 1957
Apr. 7, 1958
Oct. 6, 1958
Various dates
do
do
do
do
Feb. 5, I960
Various dates
Indef. due
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
6-1/8
2-1/2
2-3/4
2-7/8
3
3-3/8
3-1/4
3-1/2
3-1/8
3-5/8
3-3/4
3-7/8
4-1/4
4-1/2
4-1/8
4-5/8
4
267
88
53
103
119
50
50
50
50
49
100
392
109
100
21
20
110
1,730
85,676
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding, September 30, 1978
______________________________________________(In millions of dollars)_______ _____________________________________
Amount of maturities
Amount of maturities
Date
of final
maturity
1978
Oct.
Oct.
Nov.
Nov.
Dec.
Dec.
1979
Jan.
Feb
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug.
Aug.
Sept.
Sept.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Jan.
Feb.
Feb.
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
1981
Feb.
Feb.
Mar.
Apr.
May
May
June
Aug.
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
1 ....
31....
15....
3 0
3 1
31....
31.....
15.....
28.....
31.....
1 .....
3 0
15.....
3 1
30.....
30.....
3 0
15.....
15.....
3 1
30.....
3 0
1 .....
3 1
15.....
15.....
15.....
3 0
3 1
31.....
31.....
15.....
15.....
2 9
31.....
1.....
3 0
15.....
3 1
30.....
3 0
3 1
15.....
15.....
31.....
3 0
1 .....
15.....
15.....
3 1
15.
15.
31.
1.
15.,
15.,
30.,
15.,
15.,
15.,
30.,
1.,
15.,
15.,
31.,
Description
Issue
Date
Date
of final
maturity
Held by 1/
All
U.S. Govt,
accounts and other
Federal Re investors
serve banks
l-l/2$-E0
5-7/8$-S
6$-B
5-3/4#-T
8-1/8#-H
5-l/4#-U
Total.
5-7/8%-L
7$-H
5_7/8$-M
6$-N
l-l/2$-EA
5-7/8%-P
7-7/8$-D
6-1/8$-Q
7-3/4#-E
6-l/8$-R
6-1/4.%-S
6-1/4$-A
6-7/8$-J
6-5/8$-T
8-l/2$-F
-5/8$-U
1_1/2$_E0
7-l/4$-V
6-5/8$-B
7$-C
6-1/4$-K
7-l/8$-W
7-l/2$-G
7-l/8$-X
Total.
Note
Note
Note
Note
Note
Note
Total.
3
2,921
8,207
2,941
2,517
3,376
19,965
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
7-l/2$-K Note
4$
Bond
6-1/2$-G Note
7-5/8$-L Note
7-l/2$-C Note
l-l/2$-EA Note
7_3/4$_N Note
6-7/8$-A Note
8$-P
Note
7_5/8$-D Note
8-l/4$-Q Note
8-l/2$-R Note
9$-B
Note
6-3/4^-H Note
8-3/8$-S Note
6-7/8$-E Note
l-l/2$-E0 Note
3-1/2$
Bond
7-1/8$-J Note
5-7/8$-F Note
Total........ .
7$-A
7-3/8$-C
6-7/8$-H
l_l/2$-EA
7-:. .
7-1/2$-M
6-3/4$-j
7$
7_5/8$_F
8-3/8$-N
6-3/4$-K
l-l/2$-E0
7-3/4#-B
7$-G
7-l/4#-L
10/1/73
11/1/76
11/15/71
11/30/76
10/22/75
12/31/76
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
2/3/77
2/17/76
2/28/77
3/31/77
4/1/74
5/2/77
11/6/74
5/31/77
7/9/75
6/30/77
8/1/77
8/15/72
8/16/76
8/31/77
9/4/75
9/30/77
10/1/74
10/31/77
2/15/73
11/15/73
11/15/76
11/30/77
1/6/76
1/3/78
1/31/78
1/23/59
2/15/77
2/28/78
3/17/76
4/1/75
5/1/78
5/15/73
5/31/78
6/10/76
6/30/78
7/31/78
8/15/74
8/15/77
8/31/78
9/14/76
10/1/75
10/3/60
11/15/77
12/7/76
2,855
4,692
2,845
3,519
2
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
180
1,780
393
644
153
602
249
157
283
192
1,819
885
446
234
1
4,334
1,604
2,241
3,376
4,791
2,006
3,920
66,775
3,875
2,494
4,608
3,820
6,076
2
3,180
7,265
3,099
2,185
4,407
4,164
4,296
4,133
3,544
2,141
3
1,752
4,600
2,692
68,336
2/15/74
2/18/75 2/
3/8/77
4/1/76
1/26/76
2/15/78
6/3/77
8/15/71
7/9/76
8/15/78
9 /7 /i7
10/1/76
11/15/74
10/12/76
12/7/77
223
3,628
265
246
649
5,011
3
2,698
4,579
2,676
2,271
2,727
14,954
2,675
2,912
2,452
2,875
2
1,839
1,667
1,838
1,625
2,025
2,988
2,740
2,104
3,035
1,847
3,473
404
1,138
437
279
442
136
431
11,672
422
929
1,461
470
758
439
5,544
237
299
846
624
2,688
660
286
155
623
701
41
17,183
3,930
466
1,804
3,097
4,349
1,870
3,489
55,103
3,453
1,565
3,147
3,350
5,318
2
2,741
1,721
2,862
1,886
3,561
3,540
1,608
3,473
3,258
1,986
3
1,129
3,899
2,651
51,153
561
1,066
185
1,281
3,730
2,624
2,020
3,893
2,514
807
2,586
4,110
2,968
14
4,477
2,543
3,452
182
1,052
75
408
1,838
2,841
2,439
399
2,276
2,835
2,873
14
2,596
2,416
3,283
38,831
1
15....
15 ....
Feb.
Apr.
May
June
Nov.
310
1,275
95
1,881
127
169
7,386
*
31,445
1982
Feb.
2,702
6-3/8#
Bond
2/15/72
1,067
1.635
Feb.
6-l/8#-D Note
62
2,697
1/6/77
2.635
Mar.
7-7/8$-G Note
272
2,581
2,853
3/6/78
*
*
1 ..... l-l/2$-EA Note
Apr.
4/1/77
May
8$-A
Note
2,747
5/15/75
1,300
1,447
May
7%-E
Note
4/4/77
56
2,613
2,557
June
8-l/4$-H Note
6/7/78
71
2,594
2,523
Aug.
2,918
15..... 8-l/8$-B Note
1,156
8/15/75
1,762
Sept. 30..... '8-3/8$-J Note
9/6/78
2,501
2,438
63
Source: Monthly Statement of the Public Debt of the United States and
Office of Government Financing in the Office of the Secretary.
1/ Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is m conformity
with the unified buget concept.
l-2/2$-E0 Note
7-7/8$-C Note
7-l/8$-F Note
15...
1...
15...
15,78-83
15
8$-A
Note
l-l/2$-EA Note
7-7/8$_C Note
3-1/4#
Bond
7$-B
Note
10/7/77
11/17/75
10/17/77
2/17/76
4/1/78
4/5/78
Total.
1984
Feb.
Aug.
Aug.
15
15
15
1985
Feb.
May
May
Aug.
15
15
15,75-85
15...
Held by 1/
Issue
Date
Total.........
1983
1
1,842
4,796
2,809
*
Oct.
Nov.
Nov.
Description
U.S. Govt,
accounts and
Federal Re
serve banks
1
All
other
investors
1
2,902
2,737
765
199
2,137
2,538
27,265
5,158
22,107
7,958
*
2,573
1,233
2,309
2,158
5,800
101
227
101
2,472
1,006
2,208
14,073
2,587
11,486
*
7-1/4#-A Note
6-3/8$
Bond
7-l/4$-B Note
Total.
2/15/77
8/15/72
8 /15/77
8,438
2,353
2,863
13,654
3,907
1,399
382
5,6
4,531
954
2,481
7,966
8$-A
3-1/4#
4-4/4$
8-l/4$-B
2/15/78
6/3/58
4/5/60
8/15/78
1,448
183
395
1,634
3,660
2,755
561
Total.........
4,203
744
1,041
4,838
10,826
Note
Bond
Bond
Note
646
3,204
7,166
1986
May
Aug.
Nov.
15...
15...
15...
7-7/8$-A Note 5/17/76
8$-B
Note 8/16/76
6-1/8#
Bond 1^15/71
Total.
5,219
9,515
1,216
15,950
1,074
2,023
884
4,145
4,492
332
3,981
11,969
1987
Nov.
15...
7-5/8#-A Note 11/15/77
2,387
638
1,749
1988
May
15...
8-1/4#-A Note 5/15/78
4,148
1,705
2,443
15...
15...
3-1/2#
8-1/4#
Bond
Bond
2/14/58
A/7/75
2,742
1,247
407
1,848
840
3,989
1,301
2,688
15,87-92 4-1/4#
15...
7-1/4#
Bond
Bond
5/15/62
7/8/77
2,832
1,504
1,130
90
1,702
1,414
4,336
1,220
3,116
1,381
596
1,711
4,233
Feb.
May
1992
Aug.
Aug.
1993
Feb.
Feb.
Feb.
Aug.
Aug.
1994
ay
1995
Feb.
1998
May
Nov.
15.88-93 4# . .
6-3/4#
15!!!*.!*. 7-7/8#
15.88-93 7-1/2#
15..... 8-5/8#
Total
Bond
Bond v m
Bond
Bond
Bond 7/11/78
180
627
1,501
1,914
1,768
5,990
209
120
1,318
57
1,757
15,89-94 4-1/8#
Bond
4/18/63
1,046
456
15...,
Bond
2/15/55
520
3#
15,93-98 7# , ^
15...,
3-1/2#
Bond
Bond
Aug.
2001
Aug.
2005
May
2007
Feb.
Nov.
2008
Aug.
1/
*
1,924
622
328
717
2,616
1,045
1,571
,
Total.........
590
392
1,2
15.94-99 8-1/2#
Bond
5/15/74
2,414
1,650
764
15.95-00 7-7/8#
15.95-00 8-3/8#
Bond 2/18/75
Bond 8/15/75
2,771
4,662
603
2,077
2,168
2,585
7,433
2,680
4,753
15,96-01
Bond
8/16/76
1,575
822
753
15,00-05 8-1/4$
Bond
5/15/75
4,246
2,187
2,059
2/15/77
4,249
1,495
1,558
2,691
1,221
15,02-07 7-5/8$
15,02-07 7-7/8$
Total..
15,03-08 8-3/8#
11/15/77
Bond
8/15/78
5,744
274
1,832
3,912
2,103
748
1,355
Treasury Notes 7-3/8* Series C-I98I and 7-3/8* Series E-1981 were two
separate issues consolidated effective Sept. 1, 1976. Series E-1981
notes were issued on April 5, 1976 but are treated as if they were
an additional issue of Series C-1981.
y
Less than $500,000.
35
October 1978
PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
date
Number of
days to
maturity 1/
Aiocyuxrb of
bids
tendered
Amount of bids accepted
Total
Amount
On com
petitive
basis
On noncom
petitive
basis 2 /
Regular weekly:
(13-week and 26-week)
31
30
91
182
4,493.5
5,567.4
2,208.6
3,404.7
1,880.1
3 ,226.1
328.6
178.6
2,304.5
3,501.2
29,553.2r
89,081.9.
Sept.
Dec.
7
7
91
182
4,637.9
6,385.3
2,197.1
3 ,402.0
1,838.5
3,187.4
358.7
^
214.6
2,197.3
3,402.7
29,553.Or
89,081.2r
Sept.
Dec.
14
14
91
182
4,734.3
6,416.9
2,305.7
3,409.0
2,155.5
3,207.1
150.2
201.9
2 ,308.5r
3,404.6
29,550.3i
89,085.6
22............. '
Sept.
Dec.
21
21
91
182
4,312.3
5,468.7
2,200.7
3,403.0
1,885.8
3,220.7
314.9
^
182.2
2 ,302.6
9,307.6 U
29,448. ^.r
89,185.8
29............. ^
^
Sept.
Dec.
28
28
91
182
4,181.2
5,704.8
2,299.1
3,402.5
1 ,984.8
3,209.0
314.4
193.5
2,305.1
3,386.4
29,442.4a
89,201.$
^
Oct.
VJ.979-Jan.
5
4
91
182
3,°50.0
5,952.2
2,302.8
3,402.1
3,957.7
3.149.1
345.1
253.0
2 302.9
3,403.6
29,442.3r
89.200. 4
5.978-Oct.
£979-Jan.
12
11
182
91
3,909.3
5,630.2
2,303.2
3,402.7
1,910.3
3,127.1
392.9
275.7
2,307.7r
3,404.4
29,437.8
89,198.8
20............
5.978-Oct.
3-979-Jan.
19
18
91
182
4,005.2
7,677.1
2,302.7
3,403.1
1,894.3
3,148.2
408.4
254.9
2,305.5
3,408.5
29,435*0
89,193.4
27............
^978-Oct.
\L979-Jan.
26
91
182
3,940.4
5,288.8
2,302.3
3,501.1
1,951.7
3,290.7
350.6
210.3
2,301.7
3,502.9
29,435.6
89,191.6r
/l978-Nov.
VL979-Feb.
nL978-Nov.
U979-Feb.
fl978-Nov.
u979-Feb.
Jl978-Nov.
n979-Feb.
£ 978-Nov.
tt979-Mar.
1978-Dec.
1979L-Mar.
1978-Dec.
1979-Mar,
1978-Dec.
1979-.Mar.
1978-Dec.
(1979-Mar.
2
1
91
182
91
182
91
182
92
182
91
182
4,258.2*
6,014.8
4,484.7
6,105.3
3,950.6
6,*105.3
3,967.0
5,945.9
3,893.0
5,642.3
2,301.9
3,502.6
2,307.3
3,502.7
2,300.4
3,402.3
2,299.8
3,403.6
2,302.2
3,401.3
1,957.1
3,319.8
1,989.5
3,305.3
1,967.8
3,226.7
1,966.5
3,214.2
1,999.3
3,226,5
344.8
182.8
317.8
197.4
2,301.4
3,505.4
2,302.2
3,5&4.5
2,206.0
3,509.0
2,203.7
3,500.9
2,208.6
3,502.7
29,436.2
89,188.9
29,441.2
89,187.1
29,535.7
89,080.4
29,631.8
88,983.1
29,725.3
88,881.7
91
182
2,207.1
3,407.6
2,307.6
3,394.8
2,203.7
3,402.3
1 ,891.2
3,248.8
1,958.2
3 ,201.0
315.9
29,735.3
88,882.0
29,737.2
88,875.0
29,740.1
88,874.8
2,302.1
3,399.7
349.4
193.8
339.2
188.9
339.8
205.2
2,197.1
3,407.3
2,305.7
3,401.9
2,200.7
3,402.5
2,299.1
3,402.6
29,743.1
88,871.9
2,917.3
3,095.1
5,907.0 £/
3,504.6
3,070.7
3,105.5
3,208.3
3,342.5
2 ,966.1
2,454.3
2,252.9
39,479.9
39,547.0
39,732.7
40,066.1
3,037.6
3,004.7
3,035.9
41,416.3r
41,955.0
42,270.9
i
Nov.
13............
10............
17............
24............
31...........
7............
14............
21............
28............
^
L
52-Week:
1977-Sept.
20...........
Oct.
18...........
Dec.
1978-Jan.
Feb.
Mar.
Apr.
May
July
Aug.
Sept.
Total
unmatured
issues out
standing after
new issues
^
15.............
Sept.
Amount
maturing on
issue date
of new
offering
13...........
10...........
7...........
7...........
4...........
2...........
30...........
25...........
22...........
19...........
Footnotes at end of table.
25
9
8
16
15
24
22
30
1
7
332.6
175.5
333.3
189.4
302.9
174.8
21
22
91
182
91
182
28
29
91
182
4,763.0
6,130.4
4,008.4
5,171.4
3,898.2
6,191.1
5,185.5
5,564.9
1978-Sept.. 19
Oct. 17
Nov. 14
Dec. 12
1979-Jan.
9
Feb.
6
6
Mar.
Apr.
3
May
1
29
June 26
364
364
364
364
364
364
364
364
364
364
364
5,247.0
4,953*8
5,873.7
6,154.1
5,568.2
5,663.1
5,697.8
6,055.6
4,695.4
5,767.1
4,434.4
3,035.9
3,162.3
3,587.4
3 ,838.0
3,204.7
3,251.8
3,319.9
3,345.5
3,024.4
2,477.7
2,782.9
2,948.0
3,090.7
3,486.7
3,772.2
3,087.5
3,169.9
3 ,221.1
3,258.4
2,945.9
2,317.2
2,695.4
87.9
71.6
100.7
65.8
117.2
81.9
98.2
87.1
78.6
106.4
87.5
July 24
Aug. 21
Sept,. 18
364
364
364
4,950.0
4,630.0
6 ,368.8
3,379.1
3,543.4
3,351.8
3,283.6
3,446.8
3,263.3
95.5
96.7
88.5
8
14
15
1,864.5
3,213'. 4
1,962.2
3,194.5
158.8
40,200.3
40,347.5r
40,460.1r
40,463.2r
40,521.5r
40,544.8r
41,074.8r
36
Treasury Bulletin
_ PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills—Continued
On total bids accepted
Issue date
Average price
per hundred
1........
15.
July13.
Aug.
Price per hundred Equivalent rate 6/
(Percent)
Regular weekly:
(13-week and 26-week)
1978-June
Equivalent average
rate
On competitive bids accepted
High
Price per hundred
(Percent)
Equivalent rate 6/
(Percent)
96.258
6.670
7.170
6.630
7.103
6.622
7.123
6.678
7.236
6.975
7.402
96.249
7.010
7.420
98.213
96.232
7.069
7.453
7.188
7.515
98.190 22/
96.208
7.160
7.501
98.180
96.197
7.200
7.522
' 98.202
^96.210
7.113
7.497
98.208 14/
96.213
7.089
7.491
98.198
96.205
7.129
7.507
’98.257
96.246
6.936
7.426
98.255
96.260
6.903
7.398
98.241
96.237
6.959
7*443
’98.257
96.278
98.279
^96.374
98.259
^ 96.330
98.143
96.223
98.149
96.183
' 98.064
96.086
* 98.055
96.060
8.007
95.966
6.986
7.362
6.808
7.172
98.268
96.289
98.283
96.380
98.265
96.338
98.151
96.234
98.157
96.195
98.067
96.092
98.066
96.077
98.014
95.971
98.253
96.273
98.278
96.370
98.255
96.328
98.138
96.218
98.143
96.175
6.911
7.372
6.812
7.180
6.903
7.263
7.286
7.481
7.346
7.566
98.061
96.084
98.048
96.047
98.002
95.962
7.671
7.746
7.722
7.819
7.904
7.987
97.953
95.824
6.852
7.340
6.793
7.160
6.864
7.244
7.235
7.449
7.291
7.526
7.647
7.730
7.651
7.760
7.857
7.969
8.098
8.260
97.949
95.811
8.114
8.286
98.326 2/
96.389 8/
8.315
96.346
98.239
96.261
6.658
7.161
6.626
7.096
6.618
7.121
6.666
7.228
6.966
7.396
8.216
* 96.235
7.057
7.447
98.228 12/
' 98.183
96.201
98.317
96.380
' 98.325
96.413
8.327
96.400
6*587
98.331 2/
96.421
98.330
96.403
98.318
96.351
98.245 ,JQ/
96.266jy/
12/
6.622
7.143
6.603
7.079
6.607
7.115
6.654
7.218
6.943
7.386
98.314
96.375
98.324
96.409
98.326
96.399
98.312
96.342
98.237
"97.951
95.816
7.259
7.266
7.471
7.323
7.550
7.659
7.742
7.695
7.793
7.885
7.979
8.105
8.276
1977-Sept.
Oct.
Nov.
Dec.
93.776
93.308
93.385
93.382
6.156
6.619
6.542
6.545
93.804 22/
93.347 H /
93.408
93.398 Z lJ
6.128
6.580
6.520
6.529
93.769
93.278
93.378
93.378
6.163
6.648
6.549
6.549
1978-Jan.
Feb.
Mar.
Apr.
May
93.375
93.110
93.065
93.047
92.849
92.501
92.237
92.093
92.037
91.958
6.552
6.814
6.859
6.877
7.073
7.417
7.678
7.820
7.876
7.954
93.384
93.125
93.086
93.065
92.883
92.508
92.265
92.123
92.103
91.972
6.543
6.799
6.838
6.859
7.039
7.410
7.650
7.790
7.810
7.940
93.368
93.097
93.053
93.040
6.559
6.827
6.871
92.828
7.093
7.419
7.697
Sept.
14.
21.
28.,
June
July
Aug.
Sept.
Poo+notP0 on following page
16/
1Z/
18/
12/
2Q/
21/
,
25/
26/
£Z/
28/
92.499
92.217
92.079
91.965
91.948
6.884
7.834
7.947
7.964
37
October 1978
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source:
Monthly Statement of the Public Debt of the United States and
Allotments.
\ J The 13-week bills represent additional issues of bills with an
original maturity of 26 weeks.
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-weeks bill, 26-week tender for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated m each
offering announcement.
y
Includes maturing short-dated bills issued June 2, 1978.
jl / Includes maturing short-dated bills issued Nov. 7, 1977.
6/ Bank discount basis.
7/ Except $150,000 at 98.339, $485,000 at 98.336, $1,770,000 at 98.334
and $825,000 at 98.331.
8/ Except $200,000 a t '96.415.
2 / Except $80,000 at 98.375.
IQ/ Except $10,000 at 98.312, $455,000 at 98.250 and $15,000
at 98.247.
11/ Except $1,790,000 at 96.309.
)
12/
12/
1i j
12/
16/
12/
18/
12/
2Q/
21/
22/
22/
2l j
25J
26/
22/
28/
r
Except $1,745,000 at 98.239.
Except $600,000 at 98.198 and $1,685,000 at 98.195.
Except $180,000 at 98.218.
Except $3,465,000 at 98.292, $500,000 at 98.291 and $350,000 at
98.274.
Except $1,000,000 at 98.157.
Except $250,000 at 96.243.
Except $80,000 at 98.125.
Except $25,000 at 96.125.
Except $10,000 at 98.062.
Except $10,000 at 96.100.
Except $350,000 at 93.831.
Except $325,000 at 93.357.
Except $5,000,000 at 93.403 and $930,000 at 93.410.
Except $2,000,000 at 93.180.
Except $10,000,000 at 93.074 and $130,000 at 93.140.
Except $165,000 at 92.599.
Except $1,105,000 at 92.240.
Revised.
38
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New M oney Financing through R egular W eekly Treasury B ills i/
(Dollar amounts m millions)
Description of issue
Maturity
date
Issue
date
2
8
15
22
29
5
13
26
Apr.
22
29
May.
6
13,
20
27
3
10
17
24,
July
1
8,
15,
1977-Apr.
May
28,
5,
12
19,
26
2
9,
16,
23,
30,
1977-July
7.
14,
21.
Sept.
Number of
days to
maturity
15,
22.
25.
1977-Apr.
July
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
Aug.
May
Aug.
May
Aug.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
\1977-Jan.
/ 1976-Oct.
\1977-Jan.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
U978-Jan.
(l977-0ct.
\l978-Jan.
/l977-0ct.
\l978-Jan.
/1977-Dec.
\l978-Mar.
/l977-Dec.
\1978-Mar.
Feb.
May
15
15
22
22
29
29
13
12
27
26
22
21
29
28
5
4
12
12
19
18
26
26
2
2
9
9
16
16
23
23
30
30
7
6
14
13
28
27
4
3
11
10
18
17
25
25
1
1
8
8
15
15
22
22
29
29
6
5
13
12
20
19
15
16
22
23
23
25
90
181
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
91
183
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
90
181
Amount
of bids
tendered
$4,957
5,942
5,084
6,539
5,783
5,457
4,588
5,488
4,774
5,844
4,505
6,558
4,709
6,212
4,700
5,121
5,504
5,370
5,572
6,033
5,557
7,702
5,739
6,519
4,624
6,508
4,955
7,382
3,915
6,567
5,514
7,017
4,360
5,364
4,376
5,523
4,163
5,222
4,251
7,809
7,134
6,198
5,032
5,845
4,375
6,054
4,449
6,065
4,636
6,288
4,033
6,505
4,056
5,487
4,016
6,337
4,060
5,206
3,751
4,987
4,194
6,347
3,753
5,809
4,379
5,821
4,221
6,627
4,083
6,015
5,678
5,685
4,809
6,061
Amount
of bids
accepted
Average rate
of bids
accepted
(Percent)
$2,901
3,301
3,004
3,501
2,992
3,403
3,001
3,393
3,102
3,502
3,109
3,804
3,102
3,902
2,902
3,731
2,506
3,404
2,609
3,502
2,603
3,601
2,603
3,602
2,502
3,503
2,500
3,602
2,504
3,503
2,309
3,399
2,103
3,202
2,106
3,103
2,302
3,402
2,505
3,506
2,514
3,503
2,303
3,300
2,304
3,307
2,204
3,303
2,103
3,203
2,099
3,201
2,004
3,102
2,007
3,002
2,003
3,001
2,000
3,001
2,104
3,201
2,303
3,305
2,203
3,404
2,301
3,408
2,515
3,377
2,507
3,502
2,303r
3,503
5.207
5.508
5.226
5.521
4.827
5.066
4.782
5.046
4,763
5.051
4.812
5.066
4.872
5.133
4.869
5.204
4.763
5.089
4.910
5.230
4.920
5.338
^
j
\
J
\
)
'i
>
)
S
>
*4
)
S
\
^
>
$500
501
490
487
702
708
700
199
-193
>
*S
)
-195
5.072
5.425
’
S
\
-199
5.250
5.727
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
5.368
5.754
5.411
5.767
5.190
5.430
4.518
4.839
4.807
5.052
4.823
“
S
\
4
1
^
>
*S
)
-205
5,131
J
4.996
5.234
5.142
5.353
4.993
5.192
5.047
5.234
5.000
5.166
5.013
5.222
4.965
5.172
5.045
5.246
5.162
5.357
5.214
5.436
5.887
6.098
1
New money
increase, or
decrease (-)
5,851
5.976
6.084
6.384
)
^
>
\
>
\
>
\
)
\
J
\
)
\
\
J
\
J
\
J
\
J
\
J
\
/
)
/
)
J
}
J
)
J
}
J
)
J
)
J
-209
-211
-295
-292
-291
-302
-200
-188
-92
-405
-702
-898
-701
-909
-903
-697
-308
-208
-402
-398
-296
-197
786
905
301
39
October 1978
PUBLIC DEBT OPERATIONS_______________________
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1977-Dec.
1 .....
8........
15........
29........
1978-Feb.
16........
23........
Mar.
Number of
days to
maturity
2........
9........
30........
May
25........
June
1 .....
fl978-Mar.
V
June
r
Mar.
\
June
r
Mar.
\
June
f
Mar.
\
June
f
May
\
Aug*
f
May
\
Aug.
J
June
\
Aug.
j
June
f
Sept.
J
June
{
Sept.
/
(
T
\
Aug.
Nov.
Aug.
Nov.
2
1
9
8
16
15
30
29
18
17
25
24
1
31
8
7
29
28
24
24
31
30
Source:
See Table PDO-2.
1/ Equivalent average rate on bank discount basis,
r Revised.
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91 383
91
182
Amount
of bids
tendered
$4,535
7,041
4,438
7,124
5,025
5,928
4,378
7,193
Amount
of bids
accepted
Average rate
of bids
accepted I f
(Percent)
$2,302
3,501
2,207
3,403
2,311
3,405
2,105
3,386
6.057
6.371
6.048
6.348
6.073
6.371
6.152
6.460
6.453
6.745
6.460
)
/
\
J
\
/
\
J
A
/
J
6.755
6.428
6.709
6.349
6.676
6.311
6.666
6.476
7.141
6.658
7.161
J
A
/
\
/
\
J
\
J
\
J
4,5l6r
6,266r
2,324?
3,509r
4,677r
6,341x
4,697
6,524
4,975
6,900
4,422
5,714
4,380
5,900
2,413r
3,501r
2,306r
3,503r
2,197
3,407
2,305r
3.403
2,204
3,401
4,494
5, ^67
2,209
3,405
New money
increase, or
decrease (-)
401
399
200
88
228r
208r
203r
194
300r
-311
-195r
40
Treasury Bulletin
PUBLIC PEBT OPERATIONS
Table PDO-4. - O fferings of Public M arketable S ec u r itie s Other than
Regular W eekly Treasury B ills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
1/7/76
1A 3/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/76
6/
3/24/76
3/29/76
4/29/76
5/4/76
5/5/76
5/7/76
5/19/76
5/26/76
6/7/76
6/3/76
6/23/76
6/21/76
6/29/76
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
8/19/76
8/31/76
6/
9/15/76
9/21/76
9/28/76
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
2/17/77
2/23/77
3/2/77
3/22/77
3/29/77
3/30/77
6/
4A /77
4/19/77
4/27/77
5/3/77
5/4/77
5A8/77
5/24/77
5/25/77
6/03/77
6/21/77
6/22/77
6/28/77
7/19/77
7/20/77
8/02/77
8/03/77
8/04/77
8/17/77
Issue
date
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2A 7/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
5/4/76
5/17/76
5/17/76
5/17/76
6/1/76
6/1/76
6/8/76
6/10/76
6/29/76
6/30/76
7/9/76
7/27/76
7/30/76
8/16/76
8/16/76
8/16/76
8/24/76
8/31/76
9/14/76
10/1/76
9/21/76
9/30/76
10/12/76
10/19/76
11/1/76
11/15/76
11/15/76
11/15/76
11/15/76
11/30/76
12/7/76
12/10/76
12A4/76
12/31/76
1/06/77
1/11/77
2/03/77
2/15/77
2/08/77
2/15/77
2/15/77
2/28/77
3/8/77
3/8/77
3/31/77
4/4/77
4/5/77
4A /77
4/6/77
5/2/77
5/3/77
5/16/77
5A6/77
5/31/77
6/3/77
5/31/77
6/07/77
6/30/77
6/28/77
7/08/77
8/01/77
7/26/77
8/15/77
8/15/77
8/15/77
8/23/77
Description of securities 1/
5.578#
7-3/8$
6-3/8$
8#
5.572$
7#
8-1/4#
6-5/8#
6.010#
7-1/2#
6-3/4#
1-1/2#
7-3/8#
5.781#
5.645#
6-1/2#
7-7/8#
7-7/8#
7-1/8#
6.309#
5.520#
7-5/8#
6.081#
6-7/8#
7-5/8#
5.739#
6-7/8#
6-7/8#
5.634#
6^5/8#
6-7/8#
1-1/2#
5.561#
6-1/4#
7#
5.126#
5-7/8#
6-I/4#
7#
7-7/8#
5.201#
4.448#
4.708#
5-1/4#
6-1/8#
4.728#
5-7/8#
6-1/2#
5.345#
7-1/4#
7-5/8#
5-7/8#
6-7/8#
5.226#
6#
7#
5.158#
1-1/2#
4*632#
5-7/8#
5.163#
7-1/4#
7-5/8#
6-1/8#
6-3/4#
5.403#
5,240#
6-1/8#
5.408#
7-1/4#
6-1/4#
5.647#
6-3/4#
7-1/4#
7-5/8#
6.105#
Bill
Note
Note
Note
Bill
Note
Bond
Note
Bill
Note
Note
Note
Note
Bill
Bill
Note
Note
Bond
Note
Bill
Bill
Note
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Note
Note
Note
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Bill
Note
Bond
Note
Note
Bill
Bill
Note
Bill
Bond
Note
Bill
Note
Note
Bond
Bill
1/11/77
5/15/81-D
I/3I/78-J
2/15/83-A V
2/8/77
2/15/79-H
5/15/2000-05 Reopening
11/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/1/81-EA
2/15/81-E
4/5/77
5/3/77
4/30/78-L
5/15/86-A 1/
2/15/95-2000-Reopening
5/31/78-M
5/31/77
6/17/76-Reopening
6/30/80-D
6/28/77
6/30/78-N
8/15/81-F
7/26/77
7/31/78-P
8/15/79-J
8/15/86-B
8/15/1996-2001
8/23/77
8/31/78-Q
9/30/80-E
10/1/81-E0
9/20/77
9/30/7 8-R
11/15/81-G
10/18/77
10/31/78t S
11/15/79-K
11/15/83-B
2/15/95-2000-Reopening
11/15/77
12/31/80-F
4/21/77-Reopening
12/13/77
12/31/78-U
2/15/82-D
1/10/78
I/3I/79-L
2/15/80-G
2/07/78
2/15/84-A
2/15/2002-07
2/28/79-M
3/31/81-H
3/7/78
3/31/79-N
5/15/82-E
4/4/78
4/1/82-EA
4/21/77-Reopening
4/30/79-P
5/2/78
2/15/84-A-Reopening
2/15/2002-2007-Reopening
5/31/79-Q
6/30/81-J
5/30/78
6/l6/77-Reopening
6/30/7 9-R
6/27/78
8/15/92
7/31/79-S
7/25/78
8/15/80-H
8/15/84-B
/15/2002-07-Reopening
8/22/78
Period to final
maturity
(years, months,
days) 2/
364d
5y 4m
2y
7y
3y
29y 3rn
ly 9m
4y
2y
5y
4y 10-l/2m
364d
364d
364d
364d
364d
9d
364d
2y
5y lm
364d
2y
364d
364d
5y
364d
2y
2y
4y lm
2y
5y lm
365d
132d
364d
364d
2y
3y
7y
30y
2y
4y lm
364d
364d
2y
5y lm
5y
2y
6y 9m
29y 9m
2y
4y lm
2y
15y lm
2y
3y
7y
29y 6m
5,180
6,046 '
5,668
4,712
1,525
4,952
4,381
6,007
5,246
4,856
4,296
5,581
5,663
4,829
5,693
2,556
4,934
4,827
5,442
-
2y
3y
7y
23y 3m
4,959
5,666
5,507
4,851
24,426
2y
4y
5y
4,901
3,328
3,603
29,211
4,913
4,481
712
9,000
4y lm
3y
lQy
25y
Cash
-
2y
lQy
23y 9m
2y
Amount of sub
scriptions tendered
364d
6.454
5,335
4,205
5,219
4,324
5,691
6,469
1,545
5,376
4,090
5,621
4,700
6,940
6,596
5,318
7,053
5,874
6,190
5,909
4,778
2,352
6,477
5,070
6,265
4,789
3,917
6,986
-
15d
364d
14,940
3,239
6,196
364#
364d
364d
_
-
1,939
-
1,600
215
_
-
97
*
_
300
472
117
82
-
692
-
_
-
700
1,476
592
54
-
14
-
326
-
_
98
70
50
-
136
-
252
-
1,300
-
881
391
150
-
523
-
1
-
110
-
For
cash
3,069
2,020
2,508
6,019
2,930
3,092
402
2,628
3,105
2,069
3,066
-
2,628
3,203
3,335
2,274
4,747
750
2,485
2,921
2,010
2,185
2,612
2,638
2,586
2,977
2,855
2,289
8,039
983
2,953
2,895
2,141
-
2,917
2,868
2,543
3,095
2,822
3,306
2,259
_
-
22/
97
14/
*
-
12/
IS/
-
300
472
117
82
_
692
-
700
1,476
592
54
-
16/
12/
18/
12 /
20/
21/
22/
23/
gy
25/
26/
27/
28/
14
-
326
22/
24/
2,805
2,692
2;005
3,505
3,124
2,697
3,071
2,855
3,308
3.105
2,024
752
2,695
2,809
3,208
2,995
2,613
3,342
136
-
4,506
1,882
2,966
-
2,514
2.454
264
2,044
2,253
1,504
3,115
3,038
3,708
2,563
1,003
3,005
“
10 /
11 /
-
1,001
3,402
1,898
-
5/
1,600
215
-
190
425
300
199
2/
1,939
21 /
4,223
4,777
4,971
9,460
4,900
5,478
3,699
4,706
5,901
7,968
5,041
2,143
6,144
65
_
-
98
70
50
2,909
1,003
-
A/
20/
2,623
900
_
Allot
In exchange ment
ratio
-
6,160
2,676
364d
9d
Exchange
Amount issued j/
2,002
_
32/
22/
-
25/
-
16/
252
17/
28/
-
1,300
-
22 /
m /
881
jsj
-
M j
523
AS/
A t/
391
150
-
&J
43/
1
-
110
-
2,623
900
190
-
m/
w
A2
so/
SSL/
264
-
65
425
300
199
“
22/
22/
2h/
& /,
2&
22/
October 1978
41
_______________PUBLIC DEBT OPERATIONS_______________
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description or securities 1/
6-5/8%
6-3/4%
5.760%
5.760$
6.156$
6-5/8$
1-1/2$
7-1/8$
6.619$
7-1/4$
7-1/8$
7-5/8$
7-7/8$
6.390$
6.542$
7-l/8$
6.273$
7-1/4$
6.545$
7-l/8$
7-7/8$
6.552$
7-1/2$
7-1/2$
8-1/4$
8-3/8$
8$
7.417$
8-1/4$
7.110$
8-1/4$
7.678$
8-5/8$
Note
Note
Bill
Bill
Bill
Note
Note
Note
Bill
Note
Note
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
Note
Bond
Bill
Note
Note
Bill
Note
Bond
Note
Note
Bill
Bill
Note
Note
Note
Bill
Bill
Note
Bill
Note
Bond
Note
Bill
Note
Bill
No oe
Bill
Bond
7/31/78
7/25/78
8-1/2$
7.820$
Nate
Bill
-
7/31/80-R
7/24/79
2y
8-3/8$
8-1/4$
8-3/8$
7.875%
8-3/87.
8-3/87.
7.954$
8-5/8$
8-5/8$
Note
Note
Bond
-
8/15/81-N
8/15/85-B
8/15/2003-08
3y
7y
30y
9/13/78
9/20/78
9/27/78
8/15/78
8/15/78
8/15/78
8/22/78
8/31/78
9/6/78
9/19/78
10/2/78
10/10/78
F #iinii
following page.
8/23/77
8/30/77
9/01/77
8/31/77
9/07/77
9/06/77
9/19/78
9/21/77
6/
10/5/77
10/12/77
10/18/77
10/28/77
11/1/77
11/2/77
11/4/77
11/9/77
11/22/77
11/29/77
11/30/77
12/7/77
12/21/77
12/27/77
1/04/78
1/18/78
1/31/78
2/01/78
2/01/78
2/02/78
2/16/78
2/22/78
3/1/78
3/3/78
3/22/78
1/
3/28/78
3/29/78
3/30/78
4/19/78
4/26/78
5/2/78
5/3/78
5/23/78
5/24/78
5/31/78
6/1/78
6/20/78
6/21/78
6/28/78
9/19/78
9/30/77
10/1/77
10/17/77
10/18/77
10/31/77
11/15/77
11/15/77
11/15/77
11/7/77
11/15/77
11/30/77
12/2/77
12/7/77
12/13/77
1/3/78
1/6/78
1/10/78
1/31/78
2/15/78
2/07/78
2/15/78
2/L5/78
2/28/78
3/6/78
3/7/78
3/8/78
3/31/78
4/1/78
4/5/78
4/4/78
4/3/78
5/1/78
5/2/78
5/15/78
5/15/78
5/31/78
5/30/786/7/78
6/2/78
6/30/78
6/27/78
7/11/78
7/20/78
7/19/78
8/1/78
8/2/78
8/3/78
8/16/78
8/23/78
8/29/78
6.814$
8$
8-1/4$
7-5/8$
7-7/8$
6.859$
6.346$
7-l/2$
1-1/2$
7-7/8$
6.877$
6.645$
7-3/4$
7.072$
Bill
Note
Note
Bill
Note
Bond
-
-
“
-
-
_
-
:
8/31/79-T
9/30/81-K
9/15/77-Reopening
9/22/77-Reopening
9/19/78
9/30/79-U
10/1/82-E0
11/15/82-F
10/17/78
10/31/79-V
11/15/80-J
11/15/87-A
11/15/2002-07
ll/l5/77-Reopening
11/14/78
ll/30/79-W
4/20/78-Reopening
12/31/81-L
Period to final
maturity
(year, months,
days) 2/
12/12/78
12/31/79-X
2/15/93
1/09/79
1/31/80-K
5/15/81-M
2/6/79
2/15/85-A
5/15/200005
2/29/80-L
3/31/82-G
4^/0/7 ^-Reopening
3/3l/80-C-Reopening
4/1/83-EA
5/15/83-C
4/3/79
4/27/78-Reopening
4/30/80-N
5/1/79
5/15/88-A
8/15/95-00-Reopening
5/31/80-P
5/29/79
6/30/82-H
6/22/78-Reopening
6/30/80-Q
6/26/79
8/15/93
8/21/79
8/31/80-S
9/30/82-J
9/18/79
9/30/80-T
11/15/93
2y
4y lm
9d
l6d
364d
2y
5y
5y lm
2y
3y
iQy
30y
2y
364d
8d
364d
139d
4y lm
364d
2y
15y lm
364d
2y
3y 3m
7y
27y 3m
2y
4y lm
2y
5y
5y lm
2y
364d
24d
364d
lOy
22y 3m
2y
4y lm
2y
15y lm
364d
20d
364d
364d
364d
2y
4y lm
2y
l^y In
364d
Amount of sub
scriptions tendered
Cash
7,009
5,148
4,316
5,278
5,117
6,116
6,116
3,977
6,843
9,240p
4,255p
2,921p
6,416
5,693p
8,715p
7,406p
5,407p
5,826p
4,213p
2,966p
5,432p
6,652p
5,058p
5,517p
4,856p
3,377p
5,220p
5,8l7p
5,587p
7,284p
6,132p
Exchange
Amount issued J2/
AllotFor
cash
In exchange
1/
ratio
123
3,359
2,968
901
903
3,036
123
w
5$/
90
1
3,771
90
1
60/
218
625
373
240
112
328
272
1,000
1,200
771
53
312
*
2,737
3,162
4,116
3,918p
2,003p
l,254p
2,505
3,587p
4,671p
3,004p
3,436p
3,838p
3,560p
l,500p
3,156p
3,572p
2,504p
3,249p
3,000p
l,250p
3,742p
2,835p
»
3,690p
61/
218
625
373
240
62/
m/
64/
£5/
112
£6/
62/
328
68/
62/
272
1,000
22/
21/
1,200
771
53
72/
21/
yj
15/
312
*
26/
5,586p
6,053p
10,867p
5,272p
4,638p
5,017p
3,100p
5,792p
5,767p
5,026p
12,285
4,856p
4,402p
4,131p
1,600
895
177
4,98lp
4,911p
375
3,738p
3,34Qp
375
BS/
5,384p
4,078p
2,588p
4,587p
6,129p
3,880p
6,054p
5,125p
2,480p
1,200
1,434
600
2,823p
3,330p
1,501p
3,500p
3,29lp
2,254p
3,037p
3,355p
l,504p
1,200
1,434
600
86/
82/
88/
200
89/
90/
511
2i/
22/
2,555p
3,343p
6,006p
428
794
200
511
2,730p
2,967p
2,502p
l,500p
2,898p
2,478p
2,257p
6,005
3,567*
2,750p
l,757p
72/
428
18/
1,600
895
177
22/
80/
a /
82/
794
82/
&&/
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-4.
Source:
Bureau of the Public Debt.
Note: All securities except EA & EO notes and those bearing footnote 5
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) of accepted bids. Other
securities issued at par except those bearing footnote 5 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued is in addition to the amount of
original offerings.
A / For securities exchanged for the new issues see Table PDO-7.
J5/ Sold at fixed price by subscription.
6/ Exchange offering available to owners of nonmarketable 2-3/4# Treasury
bonds, investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
7/ Yields accepted ranged from 7.35# (price 100.108) up to 7.42# (price
99.806) with the average at 7.40# (price 99.892).
8/ Yields accepted ranged from 6.41# (price 99.935) up to 6.51# (price
99.751) with the average at 6.49# (price 99.788).
2/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00#).
10/ Yields accepted ranged from 7.00# (priee 100.000) up to 7.09# (price
99.761) with the average at 7,05# (price 99.867).
11/ Prices accepted ranged from 102.14 (yield 8.05#) down to 101.42
(yield 8.12#) with the average at 101.75 (yield 8.09#).
12/ Yields accepted ranged from 6.57# (price 100.039) up to 6.64# (price
99.925) with the average at 6.62# (price 99.957).
13/ Yields accepted ranged from 7.50# (price 99.990) up to 7.55# (price
99.818) with the average at 7.54# (price 99.853).
14/ Yields accepted ranged from 6.71# (price 100.074) up to 6.80# (price
99.908) with the average at 6.76# (price 99.982).
15/ Yields accepted ranged from 7.35# (price 100.101) up to 7.39# (price
99.940) with the average at 7.38# (price 99.980).
16/ Yields accepted ranged from 6.59# (price 99.837) up to 6.63# (price
99.765) with the average at 6.61# (price 99.801).
17/ All accepted subscriptions were awarded at the price of 100.00
(yield 7.875#).
18/ Prices accepted ranged from 97.50 (yield 8.11#) to 96.36 (yield
8.22#) with the average at 96.73 (yield 8.19#).
19/ Yields accepted ranged from 7.08# (price 100.082) up to 7.19#
(price 99.881) with the average at 7.16# (price 99.936).
20/ Yields accepted ranged from 7.68# (price 99.796) up to 7.73#
(price 99.625) with the average at 7.71# (price 99.693).
21/ Yields accepted ranged from 6.96# (price 99.844) up to 7.01#
(price 99.752) with the average at 6.99# (price 99.789).
22/ Yields accepted ranged from 7.60# (price 100.076) up to 7.64#
(price 99.909) with the average at 7.63# (price 99.951).
23/ Yields accepted ranged from 6.90# (price 99.953) up to 6.96# (price
99.843) with the average at 6.95# (price 99.861).
24/ Yields accepted ranged from 6.88# (price 99.987) up to 6.92# (price
99.880) with the average at 6.91# (price 99.907).
25/ All accepted subscriptions were awarded at the price of 100.00 (yield
8.00#).
26/ Yields accepted ranged from 7.98# (price 100.215) up to 8.03# (price
99.679) with the average at 8.01# (price 99.893).
27/ Yields accepted ranged from 6.59# (price 100.065) up to 6.69# (price
99.880) with the average at 6.67# (price 99.917).
28/ Yields accepted ranged from 6.90# (price 99.903) up to 6.94# (price
99.764) with the average at 6.93# (price 99.799).
29/ Yields accepted ranged from 6.27# (price 99.963) up to 6.32# (price
99.870) with the average at 6.30# (99.907).
30/ Yields accepted ranged from 7.02# (price 99.894) up to 7.10# (price
99.557) with the average at 7.08# (price 99.641).
2 1 / Yields accepted ranged from 5.88# (price 99.991) up to 5.99# (price
99.787) with the average at 5.96# (price 99.842).
2 2 / Yields accepted ranged from 6.32# (price 99.811) up to 6.37# (price
99.677) with the average at 6.36# (price 99.704).
22/ Yields accepted ranged from 7.00# (price 100.000) up to 7.02# (price
99.891) with the average also at 7.02#.
2A/ Prices accepted ranged from 101.05 (yield 7.77#) down to 100.58
(yield 7.82#) with the average at 100.79 (yield 7.80#).
21/ Yields accepted ranged from 5.76# (price 99.981) up to 5.94# (price
99.647) with the average at 5.86# (price 99.795).
26/ Yields accepted ranged from 5.87# (price 100.007) up to 5.92# (price
99.829) with the average at 5.91# (price 99.864).
37/ Yields accepted ranged from 5.29# (price 99.925) up to 5.38# (price
99.757) with the average at 5.37# (price 99.775).
28/ Yields accepted ranged from 6.15# (price 99.872) up to 6.20# (price
99.656) with the average at 6.19# (price 99.699).
22/ Yields accepted ranged from 5.94# (price 99.880) up to 5.99# (price
99.787) with the average at 5.97# (price 99.824).
40/ Yields accepted ranged from 6.65# (price 99.83Q) up tc 6.64# (price
90.625) with the average a+ 6.6?# (price 99.678).
'
41/ Yields accepted ranged from 7.21# (price 100.217) up to 7.27# (price
qq «q?) with the average ax 7.25# (price 100.000).
42/ Yields accepted ranged from 7.58# (price 100.530) up to 7.63# (price
99.941) with the average also at 7.63#.
42/ Yields accepted ranged from 5.95# (price 99.861) up to 5.99# (price
99.786) with the average at 5.98# (price 805).
44/ Yields accepted ranged from 6.85# (price 100.074) up to 6.90# (price
99.898) with the average at
(pr>xr>» 99.q^rf'i,
42/ Yields accepted ranged from 5.99# (price 100.019) up to 6.03# (price
99.944) with the average at 6.02# (price 99.963).
46/ Yields accepted ranged from 6.98# (price 100.058) up to 7.03# (price
99.846) with the average at 7.02# (price 99.889).
42/ Yields accepted ranged from 5.84# (price 100.065) up to 5.89# (price
99.972) with the average at 5.87# (price 100.009).
48/ Prices accepted ranged from 100.00 (yield 7.24#) down to 99.76 (yield
7.29#) with the average to 99.81 (yield 7.28#).
42/ Prices accepted ranged from 98.54 (yield 7.75#) down to 98.13 (yield
7.78#) with the average at 98.25 (yield 7.77#).
J§Q/ Yields accepted ranged from 6.20# (price 99.861) up to 6.25# (price
99.768) with the average at 6.23# (price 99.805).
51/ Yields accepted ranged from 6.75# (price 99.984) up to 6.82# (price
99.738) with the average at 6.80# (price 99.808).
j>2/ Yields accepted ranged from 6.11# (price 100.028) up to 6.14# (price
99.972) with the average at 6.14# (price 99.972).
53/ Yields accepted ranged from 7.27# (price 99.792) up to 7.30# (price
99.520) with the average at 7.29# (price 99.611).
j>4/ Yields accepted ranged from 6.25# (price 100.000) up to 6.35# (priee
99.815) with the average at 6.34# (price 99.834).
15/ Yields accepted ranged from 6.78# (price 99.920) up to 6.85# (price
99.733) with the average at 6S84# (price 99.760).
56/ Yields accepted ranged from 7.24# (price 100.054) up to 7.27# (price
99.892) with the average at 7.26# (price 99.946).
57/ Prices accepted ranged from 99.10 (yield 7.70#) down to 98.80 (yield
7.73#) with the average at 98.94 (yield 7.72#).
58/ Yields accepted ranged from 6.65# (price 99.954) up to 6.68# (price
99.899) with the average also at 6.68#.
^2/ Yields accepted ranged from 6.80# (price 99.811) up to 6.85# (price
99.636) with the average at 6.84# (price 99.671).
60/ Yields accepted ranged from 6.71# (price 99.843) up to 6.75# (price
99.770) with the average at 6.74# (price 99.788).
61/ Yields accepted ranged from 7.15# (price 99.876) up to 7.20# (price
99.666) with the average at 7.18# (price 99.750).
62/ Yields accepted ranged from 7.20# (price 100.092) up to 7.29# (price
99.927) with the average at 7.27# (price 99.963).
62/ Yields accepted ranged from 7.22# (price 99.748) up to 7.25# (price
99.668) with the average at 7.24# (price 99.695).
64/ Yields accepted ranged from 7.66# (price 99.759) up to 7.71# (price
99.415) with the average at 7.69# (price 99.552).
65/ Yields accepted ranged from 7.92# (price 99.487) up to 7.95# (price
99.148) with the average at 7.94# (price 99.261).
66/ Yields accepted ranged from 7.12# (price 100.009) up to 7.14# (price
99.972) with the average at 7.13# (price 99.991).
67/ Yields accepted ranged from 7.29# (price 99.845) up to 7.32# (price
99.741) with the average at 7.31# (price 99.776).
68/ Yields accepted ranged from 7.16# (price 99.936) up to 7.23# (price
99.808) with the average at 7.20# (price 99.863).
62/ Yields accepted ranged from 7.92% (price 99.575) up to 7.96# (price
99.228) with the average at 7.95# (price 99.315).
70/ Yields accepted ranged from 7.52# (price 99.963) up to 7.56# (price
99.891) with the average at 7.55# (price 99.909).
21/ Yields accepted ranged from 7.50# (price 99.936) up to 7.55# (price
99.794) with the average at 7.53# (price 99.850).
22/ Prices accepted ranged from 100.80 (yield 7.85#) down to 100.58
(yield 7.89#) with the average at 100.65 (yield 7.88#).
22/ Prices accepted ranged from 100.73 (yield 8.18#) down to 100.01
(yield 8.25#) with the average at 100.13 (yield 8.23#
24/ Yields accepted ranged from 7.67# (price 99.818) up to 7.71# (price
99.845) with the average at 7.70# (price 99.863).
21/ Yields accepted ranged from 7.87# (price 99.997) up to 7.90# (price
99.894) with the average at 7.89# (price 99.928).
76/ Yields accepted ranged from 7.50# (price 100.000) up to 7.57# (price
99.872) with the average at 7.56# (price 99.891;.
22/ Yields accepted ranged from 7.93# (price 99.740) up to 7.95# (price
99.657) with the average at 7.94# (price 99.698).
23/ Yields accepted ranged from 7.75# (price 100.000) up to7.82# (price
99.873) wita the average at 7.80# (price 99.909).
22/ Yields accepted ranged from 8.26# (price 99.933) up to 8.30# (price
99.665) with the average at 8.29# (price 99.732).
8Q/ Yields accepted ranged from 99.23 (yield 8.45#) down to 98.91 (yield
8 .48#) with the average at 99.02 (yield 8.47#).
£1/ Yields accepted ranged from 8.00# (price 100.000) up to 8.10# (price
99.819) with the average at 8.09# (price 99.837).
£2/ Yields accepted ranged from 8.24# (price 100.013 ) up to 8.28#
(price 99.877)with the average at 8.27# (price 99.911).
82/ Yields accepted ranged from 8.25# (price 100.000) up to 8.33# (price
99.855) with the average at 8.32# (price 99.873).
84/ Yields abcepted ranged from 8.62# (price 100.008) up to 8.63# (price
99.924) with the average also at 8.63#.
85/ Yields accepted ranged from'8.52# (price 99.964) up to 8.62# (price
99.784) with the average at 8.61# (price 99.802;.
86/ Yields accepted ranged from 8.44# (price 99.831) up to 8.47# (price
9°.75^ vith the average at 8 .46# (price 99.779).
87/ Yields accepted ranged from 8.28# (price 99.843) up to 8.41# (price
99.166) with the average at 8.36# (price 99.426).
88/ Yields accepted ranged from 8.37# (price 100.055) up to 8.46# (price
99.079) with the average at 8.43# (price 99.402),
89/ Yields accepted ranged from 8.377. (price 100.009) up to 8.397. (price
99.973) with the average at 8.38% (price 99.991).
90/ Yields accepted ranged from 8.387. (price 99.961) up to 8.427. (price
99.826) with the average at 8.417. (price 99.859).
21/ Yields accepted ranged from 8.59# (price 100.063) up to 8.66# (price
99.937) with the average at 8.65# (price 99.955).
22/ Yields accepted ranged from 8.60# (price 100.175) up to 8.65# (price
99.757) with the average at 8 .64# (price 99.840).
*
Less than $500,000.
p
Preliminary.
43
October 1978
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1278
5-7/8#
6#
Note
Note
-
-
10/31/78-G
11/15/78-B
11/1/76
Note
-
II/30/78-T
11/30/76
8-1/8%
5-1/4%
Note
Note
-
12/31/78-H
12/31/7 B-U
10/22/75
12/31/76
1979
5-7/8%
7%
Note
Note
6-1/2#
2/
Note
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8#
7-3/4#
4-3/4#
6-3/4#
5#
3-7/8#
4#
Note
Note
Note
Note
Note
Bond
Bond
99.795
99.795
5.86
5.86
7-1/8#
2/
Note
99.899
99.775
99.775
8.14
5.37
5.37
2/
7-1/4#
2/
Note
-
2,885
368
1,232
3,092
4,692
99.824
99.867
99.867
99.867
5.97
7.05
7.05
7.05
2/
6-1/4#
5-7/8#
2/
Note
Note
_
150
2,695
2,845
523
2,995
3,519
110
1,882
99.805
99.805
5.98
5.98
6#
2/
Note
2/28/77-F
99.963
99.963
6.02
6.02
6-1/2#
2/
Note
3/31/77-G
100.009
100.009
5.87
5.87
7-3/8#
2/
Note
4/30/77-H
99.937
101.95
99.805
99.805
7.89
7.52
6.23
6.23
2/
2/
6-3/4#
2/
99.731
99.972
99.972
7.83
2/
264
2,044
99.834
99.834
6.34
6.34
’7-1/2#
2/
Note
99.907
88.907
6.91
6.91
7-1/2#
2/
Note
_
8/15/76-C
123
3,359
3,481
99.899
99.899
6.68
6.68
8-1/4#
2/
Note
_
8/31/77-L
2,081
90
3,771
99.840
99.788
99.788
8.54
6.74
6.74
2/
8-3/8#
2/
Note
-
9/30/77-M
4,116
99.963
99.963
7.27
7.27
7-1/2#
2/
Note
10/31/77-N
99.40
99.40
6.73
6.73
4-7/8#
2/
Note
2/15/73-D
633
3,109
1,446
602
841
509
1,067
8,207
136
2,805
2,941
2,517
252
11/15/71
5-3/4#
5.967.
5.96
2,822
2,921
3,124
$99,842
99.842
-
_
_
_
_
-
10/31/76-0
ll/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
11/30/76-N
12/31/76-K
3,376
-
I/3I/7 9-L
2/15/79-H
2/3/77
2/L7/76
I
5-7/8%
Note
-
2/28/79-M
2/28/77
6%
Note
-
3/31/79-N
3/31/77
5-7/8%
Note
-
4/30/7£-F
5/2/77
7-7/8%
Note
-
5/15/79-D
6-1/8#
Note
-
5/31/79-Q
11/6/74
1/7/75
5/31/77
7-3/4#
6-1/8#
Note
Note
-
6/30/79-E
6/30/79-R
6/30/77
6-1/4#
Note
-
7/31/79-S
8/1/77
65
T W
700
2/15/76-A
2/15/76-F
1,9
7/9/75
3,115
6-7/8#
Note
-
8/l5/7£-J
8/16/76
6-5/8#
Note
-
8/31/79-T
8/31/77
8-1/2#
6-5/8#
Note
Note
-
9/30/79-F
9/30/79-U
9/30/77
-
10/31/79-V
10/31/77
7-1/4#
1,016
1.253
190
1,898
2,087
1,782
Note
2,289
C 2,989
6.14
6.14
Note
_
5/31/77-1
Note
-
6/30/77-J
7/31/77-f
3,861
I
m .
6-5/8#
Note
-
11/15/79-B
2/15/73
4,334
595
1,009
1,604
7#
Note
-
11/15/79-C
11/15/73
220
2,021
100.88
100.88
6.82
6.82
4-1/2#
2/
Bond
2,241
70
3,306
3,376
99.704
99.704
6.36
6.36
6-I/4#
2/
Note
_
11/15/76-D
99.991
99.991
7.13
7.13
6-5/8#
2/
Note
_
11/30/77-Q
7.51
7.20
7.20
2/
7-1/4#
2/
Note
-
12/31/77-P
6-I/4#
Note
-
11/15/79-K
11/15/76
7-1/8#
Note
-
11/30/79-W
11/30/77
7-1/2#
7-1/8#
Note
Note
-
12/31/79-G
12/31/79-X
1/6/76
1/3/78
.112
4,680
4,791
2,006
328
3,592
3,920
Footnotes at end of table
100.00
99.863
99.863
11/15/73
44
Treasury Bulletin
DEBT OPERATIONS
PIIBT.in
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Date of
financing
Description of securities
1980
7-1/2%
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
Note
-
1/31/80-K
1/31/78
f
$272p
3,603p
$99,909
99.909
7.5%
7.55
6-3/8%
2/
Note
6-1/2%
Note
-
2/15/80-G
2/15/77
1
L
3,875p
1,300
3,308
4,608
99.678
99.678
6.62
6.62
8%
2/
Note
884
Bond
-
1/23/59
12/15/62
-
4%
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&G savings bonds
2/
99.863
99.863
7.70
7.70
8%
2/
99.853
99.891
99.891
7.54
7.56
*7
2/
6-3/4#
a?//
99.909
99.909
7.80
7.80
99.29
99.29
99.29
2/15/80 1/
/
\
f
7-5/8$
Note
_
7-1/2%
Note
.
7-3/4%
Note
_
6-7/8%
Note
8%
Note
2/29/80-L
2/28/78
/* 3/17/76
3/31/80-C
4/30/80-N
3/31/78
5/1/78
*
34
53p
3,761p
(
\
(
V
f
L
-
5/15/80-A
V-L5/73
^
f
-
5/31/80-P
5/31/78
1
L
3,8l4p
2,069
312p
3,696p
4.008t>
428p
2,746p
3,174p
2,636
2,585
2,043
7,265
177p
2,898p
-
1/31/78-J
2/15/77-A
2/28/78-G
Note
-
Note
-
6-1/2%
2/
Note
-
4/30/78-L
7.00
7.00
7.00
7-3/4%
4-3/4%
2/
Note
Note
-
5/15/73-A
5/15/73-E
99.837
99.837
8.09
8.09
7-1/8%
2/
Note
-
5/31/78-M
99.693
99.873
99.873
7.71
2/
8.32
8.32
6-7/8%
2/
Note
-
6/30/78-N
99.802
99.802
8.61
8.61
6-7/8% Note
2/
8.75
8.75
5-5/&%
2/
Note
-
8/15/74-B
6.84
7-3/4%
2/
Note
”
8/15/77-B
6.84
8.38
8.38
6-5/8%
2/
Note
-
8/31/78-Q
6.93
7.24
7.24
2/
7-3/4-%
2/
Note
-
11/15/77-E
3/31/78-K
3,074p
7-5/8%
8-1/4%
Note
-
Note
8-1/2%
Note
%
Note
6-3/4%
Note
-
6^0/80-D
6/10/76
2,185
6/30/80-Q
6/30/78
r
\
7/31/80-R
7/31/78
f
I
8/15/80-B
b /V ,/',4
' f
8/15/80-H
8/15/77
f
\
794
3,605p
4,399p
V
,
8/31/80-S
8/31/78
8-3/8%
Note
6-7/8%
7-1/8%
Note
Note
-
9/30/80-E
ll/15/80-J
9/14/76
11/15/77
5-7/8
1981
Note
-
12/31/80-F
12/7/76
7%
Note
-
7-3/8%
Note
6-7/8%
7-3/8%
Note
Note
7-1/2%
Note
6-3/4%
Note
-
Note
_
8-3/8%
-
Footnotes at end of table
2/15/81-A
2/15/74
2/ 15/8I-C 2/f
2/18/75
3/31/81-H
5/15/81-D
4/5/76
3/8/77
1/26/76
5/15/81-M
2/15/78
6/30/81-J
6/3/77
8/15/81-N
8/15/78
375p
3,774P
4,I49P
"2,461
1,^35
4,296
425
3,708
;
L
4,133
2oop
3.332P
3,532p
jr
[
2,141
625
3,975
4,600
2,692
Jf
\
/
V
I
\
J
\
25
302
1,515
1,842
400
1,768
2,168
2,62s
2,809
2,020
l,000p
2,890p
3,890p
JJ3T4"..
l,200p
2,890p
4,U9Up
101.15
101.15
99.760
99.760
99.991
99.991
99.799
99.695
99.695
7/31/78-P
-
5.91
2/
100.28
100.28
100.28
6.95
6.95
6.95
7-3/4%
4-1/8%
2J
Note
Bond
99.453
99.453
7.49
7.49
5-3/4%
2/
Note
-
2/15/75-A
99.980
99.968
99.892
99.849
99.849
7.38
6.88
7.40
7.53
7.53
2/
2/
2/
6-1/4%
2/
Note
-
2/15/78-A
99.808
6.80
99.779
99.779
8.46
2/
7-5/8%
2/
Note
-
8/15/78-E
99.867
8.46
2/15/74-C
2/15/74
45
October 1978
M PUBLIC DEBT OPERATIONS.
PDO-5. - Unm atured Marketable S ecu rities Issued at a Prem ium or D iscount
Other than Advance R efunding O perations-C ontinued
Date of
financing
Description of securities
Amount issued
(In millions)
1981
7-3/4#
7#
7-1/4#
1982
6-3/8#
6-1/8#
Note
Note
Note
$949
1,766
11/15/81-B
11/15/81-G
12/31/81-L
Bond
Note
2/L5/82 1/
2/15/82-D
11/15/74
I
12/7/77
Effective
interest
rate
Eligible securities exchanged
$99,628
99.628
7.8^
7.82
5-3/4#
2/
2,543
3,452p
101.25
99.641
99.776
7.70
7.08
7.31
2/
2/
2/
505
2,697
2,850p
100.60
99.699
99.928
6.34
6.19
7.89
2/
2/
2/
100.00
100.00
8.00
2/
6#
2,715
1,762
3/19/75
10/12/76
Average price
per hundred
7-7/8#
Note
3/31/82-G
5/15/72
1/6/77
3/6/78
8#
Note
5/15/82-A
5/15/75
7#
Note
5/15/82-E
4/4/77
1,233
1,514
2,747
2,613
99.889
7.02
2/
8-1/4#
Note
6/30/82-H
6/7/78
2,592p
99.911
8.27
2/
8-1/8#
Note
8/15/82-B
8/15/75
902
2,017
2.918
99.921
8.14
5-7/8#
8-3/8%
Note
9/30/82-J
9/6/78
2,495p
99.859
8.41
2/
99.762
99.762
7.92
7.92
7#
2/
7-7/8#
Note
11/15/82-C
11/17/15
384
2,518
7-1/8#
1983
7-7/8#
Note
11/15/82-F
10/17/77
2,737
99.750
7.18
2/
2,573p
50
2,259
2,309
99.698
99.891
99.891
7.94
7.02
7.02
2/
6-1/4#
2/
7#
Note
5/15/83-C
4/5/78
Note
11/15/83-B
11/15/76
Note
11A5/74-A
Note
_
5/15/75-B
Note
-
8/15/75-C
Note
_
11/15/75-D
Note
_
JL1/15/76-D
1984
2/15/77
7-1/4#
Note
2/15/84-A
881
2,024
100.00
100.00
7.25
7.25
8#
2/
Note
2/15/77-A
2,623
2,909
99.81
99.81
7.28
7.28
9#
2/
Note
5/15/77-D
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5#
4#
2-1/2#
6#
2-1/2#
5-3/4#
3-7/8#
5-3/4#
5-7/8#
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
99.946
99.946
7.26
7.26
7-3/4#
2/
Note
8/15/77-B
100.65
100.65
7.88
7.88
6-1/4#
2/
Note
2/15/78-A
100.50
3.22
2/
8.36
8.36
8.36
8-3/4#
7-5/8#
2/
5/16/77
5,533
6-3/8#
Bond
8/15/84
8/15/72
Note
8/15/84-B
8/15/77
8#
Note
2/15/85-A
2/15/78
3-1/4#
Bond
5/15/85
6/3/58
7-1/4#
2,353
300
2,563
2,863
_
_
_
_
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
1985
8-1/4#
Note
Footnotes at end of table.
8/15/85-B
8/15/78
l,20Qp
2,994P
4,194P
1,135
f
34p
l,400p
QQ.426
99.426
99.426
Note
Note
_
-
8/ 15/78-C
8/15/78-E
46
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Date of
financing
Description of securities
Amount issued'
(In millions)
TBBg"
6-1/8#
1987
4-1/4#
7-5/8#
1988
IS
8-1/4#
Bond
Bond
-
-
11/15/86
$98
487
187
58
36
268
58
24
1.216
11/15/71
8/15/87-92
11/15/87-A
11/15/77
Bond
_
2/15/88-93
1/17/63
Note
5-3/8#
7-3/4#
4-3/4#
6-3/4#
5#
3-7/8#
4#
2/
Note
Note
Note
Note
Note
Bond
Bond
101.00
101.00
101.00
4.19
4.19
4.19
4#
3-1/4#
2/
Note
Note
“
8/15/62-B
8/15/62-G
7.69
7.69
7-3/4#
2/
Note
-
11/15/77-E
99.85
99.732
99.732
99.732
4.01
8.29
8.29
8.29
.2/
7-1/8#
7^7/8#
Note
Note
-
5/15/78-D
5/15/78-F
95.05
95.05
95.05
8.00
8.00
8.00
8-1/8#"
4#
2/
Note
Bond
136
100.14
100.14
7.78
7.78
4-1/8#
2/
Bond
-
11/15/73
10
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4#
4-1/8#
2/
Note
Bond
-
2/15/74-C
2/15/74
100.55
4.09
2/
-
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
-JgL
C
373p
2,014p
2,387p
59p
l,541p
2,544P
5/15/78
5/15/88-A
Eligible securities exchanged
6.15#
6.15
6.15
6.15
6.15
6.15
6.15
6.15
360
-
Effective
interest
rate
$99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
5
Note
Average price
per hundred
99.552
99.552
4,U4i>
93
333
500
8/15/73
8/15/73-B
8/15/73
J2227-1/2#
Bond
-
8/15/88-93
J
11/15/73
2/15/74
1989
4-1/8#
1990
8-1/4#
1QQ2
7-1/4#
1993
6-3/4#
7-7/8#
7#
Bond
(
302
438
240
301
“
35T“
5/15/89-94
4/18/63
300
Bond
-
5/15/90
4/7/75
1,247
99.455
8.31
2/
Bond
_
8/15/92
7/8/77
1,504
99.611
7.29
2/
Bond
Bond
Bond
-
2/15/93
2/15/93
5/15/93-98
1/10/73
1/6/78
5/17/76
627
1,503
40
99.50
99.315
98.75
98.75
6.79
7.95
7.11
7.11
2/
2/
99.924
8.63
2/
652
7-3/4#
2/
Note
5/15/73-A
-692_
8-5/8%
Bond
-*
8/15/93
7/11/78
l,765p
5/15/74
279
309
102.85
102.85
8.21
8.21
4-1/4#
2/
Bond
-
5/15/74
8/15/74
486
400
885
98.70
98.70
8.46
8.46
5-5/8#
2/
Note
-
8/15/74-B
196
103.04
103.04
103.04
8.37
8.37
8.37
5-3/4#
3-7/8#
2/
Note
Bond
-
ll/15/74-A
11/15/74
199A
8-1/2#
Bond
5/15/94-99
11/15/74
1995
C
8-3/87.
Bond
Bond
-
-
2/15/95-00
8/15/95-00
99.191
99.191
7.95
7.95
5-3/4#
2/
Note
-
2/15/75-A
96.73
96.73
8.19
8.19
6-1/2#
2/
Note
-
5/15/76-B
11/15/7*
1,001
313
100.79
99.327
99.327
7.80
8/15/75
£ 24
Note
-
8A5/75-C
3.44
2/
5-7/8#
2/
101.50 <
101.50
8.33
8.33
7#
2/
Note
-
11/15/7 5-D
99.02
99.02
8.47
8.47
7-1/8#
2/
Note
-
5/15/78-D
99.893
99.893
99.893
8.02
8.02
8.02
7-1/2#
6-1/2#
2/
Note
Note
“
8/15/76-C
8/15/76-G
5/17/76
11/17/75
^
5/15/78
1996
8#
Bond
-
Footnotes at end of table.
8/15/96-01
603
941
150
752
902
117
750
2/18/75
7-7/8#
142
8/16/76
c
801
1,114
150
1,001
i,m •
l,501p
2,396p"'
250
983
1,575
October 1978
47
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Description of securities
Date of
financing
Amount issued
(In millions)
2000
8-1/4#
Bond
5/15/00-05
5/15/75
$220
2/17/76
630
754
1,604
215
402
2/15/78
771p
l,254p
2,024p
Average price
per hundred
Effective
interest
rate
5-7/8#
6#
8.30
2/
Note
Note
101.75
101.75
8.09
8.09
6-1/4#
Note
2/15/76-A
100.13
100.13
8.23
8.23
2/
6-1/4#
Note
2A5/78-A
$99,450
99.450
99.450
8. 30#
8.30
2002
2/15/77
7-5/8#
Bond
2/15/02-07
5/16/77
8/15/77
Eligible securities exchanged
2/
-
5/15/75-F
5/15/75-B
391
753
1,143
527
373
1,003
99.941
99.941
7.63
7.63
8#
2/
98.25
98.25
98.25
7.77
7.77
7.77
6-7/8#
9#
2/
Note
Note
5/15/77-C
5/15/77-D
1,903
199
1,003
98.94
98.94
7.72
7.72
7-3/4#
2/
Note
8/15/77-B
2/15/77-A
1,202
7-7/8#
Bond
11/15/02-07
11A5/77
99.261
99.261
7.94
7.94
7-3/4#
2/
Note
11/15/77-E
2003
8-3/8#
240p
l,255p
l,495p
Bond
8/15/03-08
8/15/78
600p
l,5Q2p
2,102p
99.402
99.402
8.43
8.43
2/
8-3/4#
note
8/15/78-C
1/ Additional issue.
2/ Issued for cash.
2/ Treasury Notes, 7-3/8# Series C-1981 and 7-3/8# Series E-1981
*
p
consolidated effective Sept. 1, 1976.
Less than $500,000.
Preliminary.
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/
(In millions of dollars)
Allotments by investor classes
Issues
Date of
financ
ing
1/6/76
1/26/76
2/2/76
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
8/16/76
8/31/76
9/14/76
9/30/76
10/12/76
11/1/76
11/15/76
11/30/76
12/7/76
12/31/76
1/6/77
2/3/77
2/15/77
2/28/77
3/8/77
3/31/77
4/4/77
5/2/77
5/16/77
5/31/77
6/3/77
6/30/77
7/8/77
8A /77
8A 5/77
8/31/77
9/7/77
9/30/77
10/17/77
10/31/77
11A5/77
11/30/77
12/7/77
1/3/78
1/6/78
1/31/78
2/15/78
2/28/78
Description of securities
Amount issued
U.S. Gov
ernment
In
accounts Commer
exchange
and
cial
For
for
Federal banks
cash
other
Reserve
2/
securi
banks 2J
ties
2,006
1,010
2,020
1,121
2,511
1,252
189
3,092
1,600
1,600
1,675
1,761
6,019
1,939
1,939
402
215 ‘
215
91
2,628
1,508
2,069
1,030
3,065
97
97
1,684
2,628
1,198
300
300
1,246
2,274
472
472
4,747
1,894
166
117
117
751
7-1/2$
7-3/8$
6-3/8$
/7$
< 8$
^8-1/4$
6-5/8$
7-1/2$
Note
Note
Note
Note
Note
Bond
Note
Note
- 12/31/79-G
- 5/15/81-D
- 1/31/78-J
- 2/15/79-H
- 2/15/ 83-A
- 5/15/00-05 8/
- 11/30/77-Q
- 3/31/80-C
6-3/4$
7-3/8$
f 6-1/2$
< 7-7/8$
|7-7/8$
Note
Note
Note
Note
Bond
- 3/31/78-K
- 2/15/81-C
- 4/30/78-L
- 5/15/86-A
- 2/15/95-00 8/
7-1/8$
7-5/8$
6-7/8$
7-5/8$
6-7/8$
Note
Note
Note
Note
Note
-
5/31/78-m
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
2,485
2,185
2,639
2,586
2,855
82
692
-
82
692
-
f6-7/8$
( 8$
b$
6-5/8$
Note
Note
Bond
Note
- 8/15/79-J
- 8/15/86-B
- 8/15/96-01
8/31/78-Q
2,289
8,039
983
2,895
700
1,476
592
54
326
98
70
50
136
252
_
1,300
881
391
150
523
110
700
1,476
592
54
326
98
70
50
136
252
_
1,300
881
391
150
523
110
2,623
900
190
264
65
425
300
199
123
90
6-7/8$ Note -
9/30/80-E
6-1^4$ Note 7$
Note 5-7/8$ Note j6-l/4$ Note \ 7$
Note ^7-7/8$ Bond -
9/30/78-R
11/15/81-G
10/31/78-S
11/15/79-K
11/15/83-B
2/15/95-00 8/
5-3/4$ Note
5-7/8$ Note
5- 1/4$ Note
6-1/8$ Note
5-7/8$ Note
f 6-1/2$ Note
( 7-1/4$ Note
17-5/8$ Bond
5-7/8$ Note
6-7/8$ Note
6#
Note
7$
Note
5-7/8$ Note
11/30/78-T
12/31/80-F
12/31/78-U
2/15/82-D
l/31/79-L
2/15/80-G
2/15/ 84-A
2/15/02-07
2/28/79-M
3/31/81-H
3/31/79-N
5/15/82-E
4/30/79-P
-
2,141
2,869
2,543
2,823
3,306
2,259
1,001
2,805
2,692
3,124
2,697
2,855
3,308
2,024
752
2,695
2,809
2,996
2,613
1,88?
( 7-1/4#
17-5/8$
6-1/8$
6-3/4#
6-1/8$
7-1/4#
6-1/4$
^1-3/4$
( 7-1/4$
V7-5/8$
1-3/8$
6-3/4$
6-5/8$
7-1/8$
J7-1/4#
J7-1/8$
/ 7-5/8$
r7-7/8$
7-1/8$
7-lA$
Note 2A 5/84-A 8 /
Bond - 2 A 5/02-07 8 /
Note 5/31/79-Q
Note 6/30/81-J
Note - 6/30/79-R
Bond 8A 5/92
Note 7/31/79-S
Note 8A5/80-H
Note 8A 5/84-B
Bond - 2A5/02-07 8/
Note - 8/31/79-T
Note - 9/30/81-K
Note - 9/30/79-U
Note - 11/15/82-F
Note - 10/31/79-V
Note - 11/15/80-J
Note - ll/15/87-A
Bonds -11/15/02-07
Note - 11/30/7O-W
Note -.12/31/81-L
2,910
1,004
1,897
2,514
2,044
1,504
3,115
3,708
2,563
1,003
3,358
2,968
3,771
2,737
4,116
3,975
2,014
1,255
4,679
3,452
2,623
900
190
264
65
425
7-1/8$
7-7/8$
7-1/2$
j 7-1/2$
( 8$
\ 8-1/4$
v-5/8$
Note
Bond
Note
Note
Note
Bond
Note
3,592
1,501
3,603
2,894
3,003
1,254
3,767
328
272
1,000
1,200
771
53
-
12/31/79-G
2/15/93
1/31/80-K
5/15/81-M
2/15/85-A
5/15/00-05 8/
2/29/80-L
300
199
123
90
218
625
373
240
11?
-
218
625
373
240
112
328
-
272
1,000
1,200
771
53
Indi
vidu
als
U
77
25
52
122
2,285
8
61
162
152
Insur
ance
compa
nies
Mutual Corpo
sav
rations
ings
banks 2/
11
17
2
19
117
5
11
Private
pension
and re
tire
ment
funds
13
35
11
32
36
11
11
55
29
101
32
49
496
9
36
40
121
38
26
407
40
5
21
300
10
25
22
15
52
State and local
1 governments 6/
Pension
and re
tire
ment
funds
*
12
2
2
26
34
2
5
5
2
2
39
6
*
*
1
4
*
119
126
l,ia
12
9
26
17
122
2
23
44
1
1,329
1,116
1,415
1,161
1,663
68
178
134
94
59
3
19
6
18
12
13
16
12
13
20
1,187
2,356
346
1,219
909
180
3,548
29
85
121
u
168
3
2
26
126
13
62
12
1,629
1.356
1,307
1,227
906
313
1,176
1,234
1,168
1,385
65
88
46
67
140
31
34
43
37
54
40
100
128
51
7
11
33
70
44
15
13
16
5
15
18
14
74
44
54
26
58
24
51
33
43
72
21
5
7
16
23
9
3
2
20
16
40
13
6
17
18
16
28
9
29
116
83
43
37
154
71
90
90
13
44
104
35
8
46
9
44
1
3
1
1
1
2
4
4
35
*
*
1
*
1
1
194
7
3
2
1
*
4
13
6
106
1
1,156
1,704
981
138
1,001
1,276
1,249
1,376
707
1,172
140
557
765
607
589
1,426
1,351
889
198
1,189
1,318
1,424
1,014
1,793
1,860
649
525
* 1,810
1,418
1,398
562
1,738
1,439
1,267
242
1,565
32
17
24
5
11
158
32
78
101
24
ITT
672
22
116
5
23
8
214
3
5
10
8
22
4
18
344
12
7
20
18
34
70
72
83
29
22
4
9
3
6
23
8
33
34
23
8
10
5
9
2
276
63
58
50
36
110
57
95
229
44
58
16
2
7
6
7
12
5
18
22
144
8
52
5
9
16
3
20
6
29
28
1
26
183
90
40
62
45
95
76
189
232
55
111
4
10
10
24
3^
15
2
12
20
5
27
16
22
21
16
1
32
12
103
119
253
187
128
159
I64
239
246
18
37
9
3
5
37
12
35
76
24
18
7
14
3
18
27
21
20
26
8
5
_
36
38
17
1
36
165
269
184
189
149
101
102
3
17
6
17
36
7
26
54
110
55
2^6
273
72
22
184
87
172
31
159
293
476
51
155
2
1
7
16
42
7
7
1
39
40
*
3
1
14
6
2
5
*
1
2
1
9
3
7
*
*
2
3
3
3
98
Other
funds
11
Dealers
and
brokers
All
other
2/
666
650
175
101
340
14
82
19
42
31
19
7
24
7
71
5
35
12
595
815
89
250
568
648
561
852
358
346
469
506
588
632
1,038
748
494
179
479
673
770
5
471
7
829
775
1,025
800
589
12
8
46
36
*
7
7
4
17
23
5
10
4
6
5
3
41
6
44
16
1
953
861
1,035
668
899
863
640
440
4
4
2
1
*
804
617
562
609
484
11
14
9
15
12
5
24
9
13
2
33
1,024
537
661
816
470
624
531
1,096
769
488
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
235
592
116
587
923
286
8
552
491
816
358
687
355
22
8
782
614
1,008
370
557
155
18
544
780
858
11
976
882
301
12
932
20
983
607
958
832
821
731
784
499
1,076
628
869
1080
544
1,002
886
98
8
1,289
1,011
154
17
16
13
9
14
4
939
602
877
453
921
713
790
753
2
576
423
85
12
1,081
1
28
10
12
14
6
7
?o
,
October 1978
49
,PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/—Continued
(In millions of dollars)
Allotments by investor classes
Amount issued
Date of
financ
ing
Description of securities
3/6/78
3/31/78
4/5/78
7-7/8# Note
7-1/2# Note
7-7/8# Note
5/1/78
5/15/78
r7-3/4# Note
'8-1/4# Note
L8-3/8# Bond
5/31/78
6/7/78
6/30/78
7/11/78
Note
8-1/4% Note
8-1/4% Note
8-5/8% Bond
8%
For
cash
3/31/82-G
3/31/80-C
5/15/83-C
2,853
3,695
2,573
4/30/80-N
5/15/88-A
8/15/95-008 f
5/31/80-P
6/30/82-H
6/30/80-Q
8/15/93
2,752
2,548
1,502
2,922
2,594
3,613
1,768
U.S. Gov
ernment
In
accounts Commer Indi
exchange and
cial
vidu
for
als
Federal
banks
other
Reserve
V
securi banks 2/ 3J
ties
72
1,305
312
312
217
1,896
99
1,251
428
1,600
895
177
428
1,600
895
177
l,321r
835r
405
700
1,226
1,494
575
Source*
Based on subscription and allotment reports. For detail of
offerings see Table ED0-4.
2/ Excludes 1-1/2# Treasury notes issued in exchange to holders of nonmarketable 2-3/4# Treasury bonds. Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2 / Indueds trust companies and stock saving banks.
4/ Inclueds partmerships and personal trust accounts.
£/ Exclusive of banks and insurance companies.
131r
180r
36
■
9*5
State and local
governments 6/
Private
Insur Mutual
Corpo pension Pension
ance
sav
rations and re and re
compa ings
Other
tires
tire
banks 2 /
nies
funds
ment
ment
funds
funds
12
16
10
118
24
9
2
18
9
214
13
9
84
2
21
7
20
5
6
15
4
14
16
5
1
4
149
22
226
142
10
16
14
43
291r
102
85
37
67
99
5
65
19
20
3
54
115
13
9
2
13
14.
182
4
14
7
43
5
25
7
3
Dealers
and
brokers
All
other
2/
833
314
640
454
1,003
444
592
622r
69
35r
1 ,r«0
1,020
603
5 70
648
857
835
483
932
16
6/ Consists of trust, sinking, and investment funds of State and local
government and their agencies.
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopeing of earlier issue.
* Less than $500, 000.
r Revised.
2/
50
Treasury Bulletin
,PUBLIC DEBT OPERATIONS^
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
ipation
series 1/ series
52-week
series
(Percent)
1/13/76
2/10/76
3/9/76
1/11/77
2/8/77
3/8/77
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
Commer
cial
banks
Corpo
rations
2/
Dealers
and
brokers
All
other 4/
5.578
5.572
6.010
3,069
2,930
3.105
806
587
795
717
891
1,083
47
99
6
943
786
971
556
567
250
509
718
441
796
748
597
802
859
777
881
855
1,447
1,435
782
332
841
1,042
455
932
545
646
956
154
70
60
2
40
27
12
17
87
395
528
1,137
1,095
1,034
951
1,356
802
1,425
1,010
513
698
584
501
387
314
336
292
485
568
899
1,070
199
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/13/77
1/10/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
2/8/77
2/7/78
691
3/7/78
5.344
5.226
3,105
3/8/77
3,208
4/5/77
5/3/77
4/4/78
5/2/78
5.158
5.160
3,342
2,966
984
760
894
486
932
333
54
40
914
707
9
11
27
786
739
530
406
1,134
555
951
558
517
7
1,053
424
980
2
80
844
83
6
22
24
41
27
46
27
45
11
16
32r
423
592
890
1,061
957
1,127
1,227
5/31/77
5/30/78
5.403
2,454
544
6/28/71/
7/26/77
8/23/77
9/20/77
10A8/77
11A5/77
12/13/77
1/10/78
2/7/78
b/27/78
7/25/78
5.408
5.648
8/22/78
9/19/78
10A7/78
11/14/78
12/12/78
1/9/79
2/6/79
6.105
6.156
6.619
6.542
6.545
6.552
6.814
2,253
3,038
3,005
3,036
3,162
3,587
3,838
857
934
679
863
902
826
981
3,205
3,253
913
644
6.859
6.877
7.073
7.417
7.678
3,321
3,346
3,025
2,478
2,784
986
959
934
864
844
7/25/78
3/6/79
4/3/79
5/1/79
5/29/79
6/26/79
7/24/79
7.820
3,380
827
744
26r
1,351
432r
8/22/78
8/21/79
7.876
3,544
910
482
21
1,309
822
3/7/78
4/4/78
5/2/78
5/30/78
6/27/78
Source:
Based on subscription and allotment reports. For detail of
offering see Table PD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
860
9'H
740
927
804
3,377
1,088
959
436
749
542
945
850
893
944
1,123
575
731
547
452
509
246
368
870
662
516
542
327
439
521
274
635r
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
* Less than $500,000.
r Revisedk/
51
October 1978
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Description
Issue
date
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
Turned
Fxchanged in for
cash 2/
_
_
-
-
1/13/76
1/31/76
2/10/76
2/15/76
2/15/76
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
6.378# Bill
6.560# Bill
5.313# Bill*
6-1/4# Note
5-7/8# Note
5.637% Bill
8#
Note
1-1/2# Note
6.474# Bill
5.823# Bill
4.834# Bill
6.400# Bill
6-1/2# Note
5-3/4# Note
6#
Note
5.803# Bill
-
1/13/76
1/31/76
2/10/76
2/15/76-A
2/15/76-F
3/9/76
3/31/76-H
4/1/76-EA
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76-B
5/15/76-E
5/31/76-M
6/1/76
1/14/75
4/14/75
2/11/75
2/15/69
8/15/72
3/H/75
4/9/74
4/1/71
4/8/75
12/5/75
4/8/76
5/6/75
5/15/69
5/15/72
3/25/72
6/3/75
2,001
1,586
2,103
3,739
4,945
2,102
2,288
27
2,205
2,002
2,503
2,435
2,697
?,802
1,580
2,404
2,001
1,586
2,103
1,165
3,713
2,102
2,191
27
2,205
2,002
2,503
2,435
2,336
2,274
1,498
2,404
6/29/76
6/30/76
7/27/76
8/15/76
8/15/76
6.292#
8-3/4#
6.782#
7-1/2#
6-1/2#
-
6/29/76
6/30/76-1
7/27/76
8/15/76-C
8/15/76-G
7/1/75
5/15/74
7/29/75
10/1/69
2/15/73
2,591
2,703
2,293
4,194
3,883
2,591
2,011
2,293
3,434
2,216
8/24/76
7.331# Bill - 8/24/76
8/26/75
2,893
2,893
-
8/31/76
5-7/8# Note - 8/31/76-L
3/3/75
1,662
1,608
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
11/18/75
9/8/71
4/8/75
12/16/75
12/31/74
1/13/75
2/10/76
2/15/70
3/3/75
3/9/76
3/31/75
4/1/72
4/6/76
4/30/75
5/4/76
2/15/74
8/15/74
6/1/76
5/27/75
2,360
2,023
11
3,062
1,579
3,245
4,325
1,507
3,253
2,282
3,069
2,930
5,363
1,665
3,105
2,576
5
3,203
1,579
3,335
2,565
5,329
2,921
2,137
2,860
1,697
11
3,062
1,481
3,245
4,205
1,371
3,253
2,030
3,069
2,930
2,591
1,515
3,105
2,053
5
3,203
1,469
3,335
2,038
2,333
2,921
1,947
54
_
326
98
120
136
252
2,572
150
523
110
527
2,996
-
Bill
Note
Bill
Note
Note
Results of ex
change offers
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
-
2,522 2/
1,232 4/
97 5/
-
_
-
361 6/
528 2/
82 8/
-
-
-
_
692 2/
1,102 IQ/.
1,667 11/
_
-
_
-
-
-
-
-
-
9/21/76
9/30/76
10/1/76
10/19/76
10/31/76
11/15/76
11/15/76
11/30/76
12/14/76
12/31/76
1/11/77
2/8/77
2/15/77
2/28/77
3/8/77
3/31/77
4/1/77
4/5/77
4/30/77
5/3/77
5/15/77
5/15/77
5/31/77
5/31/77
7.340#
8-1/4#
1-1/2#
6.600#
6-1/2#
6.010#
6-I/4#
7-1/8#
6.440#
7-1/4#
5.578#
5.572#
8#
6#
6.010#
6-1/2#
1-1/2#
5.781#
7-3/8#
5.645#
6-7/8#
9#
6.309#
6-3/4#
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
9/21/76
- 9/30/76-J
- 10/1/76-E0
- 10/19/76
- 10/31/76-0
- 11/15/76
- 11/15/76-D
- 11/30/76-N
- 12/14/76
- 12/31/76-K
- 1/11/77
- 2/8/77
- 2/15/77-A
- 2/28/77-F
- 3/8/77
- 3/31/77-G
- 4/1/77-EA
- 4/5/77
- 4/30/77-H
- 5/3/77
- 5/15/77-C
- 5/15/77-D
- 5/31/77
- 5/31/77-1
190 z U
-
6/28/77
6/30/77
7/26/77
7/31/77
8/15/77
8/23/77
8/31/77
9/20/77
9/30/77
10/1/77
10/18/77
10/31/77
6.082#
6-1/2#
5.739#
7-l/2#
7-3/4#
5.634#
8-I/4#
5.561#
8-3/8#
1-1/2#
5.126#
7-1/2#
Bill
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
-
6/28/77
6/30/77-J
7/26/77
7/31/77-K
8/15/77-B
8/23/77
8/31/77-L
9/20/77
9/30/77-M
10/1/77-E0
10/18/77
10/31/77-N
6/29/76
6/30/75
7/27/76
7/31/75
8/15/70
8/24/76
8/29/75
9/21/76
9/30/75
10/1/72
10/19/76
10/31/75
2,612
2,170
2,977
1,516
4,918
2,953
2,021
2,917
3,226
17
3,095
3,156
2,612
1,906
2,977
1,451
3,994
2,953
1,898
2,917
3,136
17
3,095
2,938
_
264 22/
65 26/
924 22/
123 22/
_
90 22/
_
218 2Q/
_
_
_
-
_
"
11/15/77
11/15/77
11/30/77
7-3/4# Note - ll/15/77-E
5.201# Bill - 11/15/77
6-5/8# Note - ll/30/77-Q
11/15/74
11/15/76
3/3/76
3,630
3,402
2,628
2,392
3,402
2,516
1,238 2i/
112 22/
_
-
-
12/13/77
12/31/77
1/10/78
1/31/W
2/7/78
2/15/78
2/28/78
3/7/78
3/31/78
4/1/78
4/4/78
4/30/78
5/2/78
5/15/78
5/15/78
5/30/78
4.708#
7-1/4#
4.728#
6-3/8#
5.344#
6-1/4#
8#
5.226#
6-3/4#
1-1/2%
5.158#
6-1/2#
5.1607.
7-1/8%
7-7/8%
5.403%
12/14/76
12/31/75
1/11/77
2/2/76
2/8/77
2/15/71
10/7/75
3/8/77
3/31/76
3,505
2,765
3,071
2,511
3,105
8,389
2,115
3,208
3,162
3,505
2,437
3,071
2,239
3,105
5,418
2,062
3,208
2,850
_
_
4/1/73
4/5/77
5/17/76
‘
15
3,342
2,574
15
3,34^
2,146
428 28/
5/3/77
2/18/75
8/15/75
5/31/77
2,966
3,960
4,423
2*454
2,966
3,006
2,882
2,454
954 39/ 1
1,541 40/
1
Footnotes at end of Table
Bill
Note
Bill
Note
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
-
12/13/77
12/31/77-P
1/10/78
l/31/78-J
2/7/78
^/15/78-A
2/28/78_G
3/7/78
3/31/78-K
4/1/78-EA
4/4/78
4/30/78-L
5/2/78
5/15/78-D
5/15/78-F
5/30/78
328
275
2,971
53
-
12/
12/
14/
15/
16/
12/
12/
12/
20/
21/
22/
22/
22/
24/
25/
26/
312 22/
_
-
_
_
-
_
-
-
-
-
-
-
-
_
-
_
_
-
Description of new
securities offered
(See also Table PD0-4)
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS,
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills-Continued
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
Amount
out
standing
Cash
retire
ment
5/31/78
6/27/78
6/30/78
7/25/78
7/31/78
7-1/8#
5.408#
6-7/8#
5.64-8#
6-5/8#
Note _
Bill Note
Bill Note -
5/31/7S-M
6/1/76
2,567
W
N
7/25/78
7/31/78-P
m %
7/26/77
7/30/76
m
3,038
2,855
2,390
2,253
2^537
3,038
2,480
8/15/78
8/15/78
8/22/78
8/31/78
8-3/4#
7-5/8#
6.105#
6-5/8#
Note
Note
Bill
Note
8/15/78-C
8/15/78-E
8/22/78
8/31/78-Q
5/15/74
5/15/75
8/23/77
8/31/76
2,462
5,155
3,005
2,949
1,828
2,555
3,005
2,749
9/19/78
9/30/78
10/1/78
6.156#
6-1/4#
1-1/2#
Bill
Note
Note
9/19/78
9/30/78-R
10/1/78-E0
9/20/77
9/30/76
10/1/73
3,036
3,195
3
3,036
2,684
3
Footnotes on following page.
_
-
-
_
“
Exchange
security
offered
Results of ex
change offers
Exchanged
177 41/
_
794 42/
I
375 42/
-
-
63444/
2,600 45/
-
2004£/
_
51142/
-
_
-
Turned
in for
cash 2/
Description of new
securities offered
(See also Table PD0-4)
-
-
_
-
-
-
_
-
_
-
-
-
*
53
October 1978
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Source
Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2 / Exchanged by Federal Reserve banks and Government accounts for
$368 million of 7# notes of Series H-1Q79, $1,939 million, of $% notes
of Series A-1983 and $215 million of 8-1/4% bonds of 2000-05
issued February 17, 1976.
U Exchanged by Federal Reserve banks and Government accounts for 7%
notes of Series H-1979 issued February 15, 1976.
1 / Exchanged by Federal Reserve banks and Government accounts
For 6-3/4# notes of Series K-1978 ifisued March 31, 1976
6/ Exchanged by Federal Reserve banks and Covernment accounts for $276
million of 7-7/8# notes of Series A-1986 issued 5 / l n/76 and $8f mil
lion of 7-7/8# *onds of 1995-20000 issued May 17, 1976.
7/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2% notes of Series L-1978 and $196 million of 7-7/8%
notes of Series A-1986, and $32 million of 7-7/8% bonds of 1995-2000
issued May 17, 1976.
8/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8%
notes Of Series M-1978 issued June 1, 1976.
2/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8#
notes of Series N-1978 issued June 30.
10/ Exchanged by Federal Reserve banks and Covernment accounts for $700
million of 6-7/8# notes of Series J-1979, $60 million of 8# notes of
Series B-I986, and $342 million 8# bonds of 1996-2001 issued August 16,
1976.
11/ Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 8# notes of Series B-1986 and $250 million of 8# bonds of
1996-2001 issued August 16, 1976.
12/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
notes of Series Q-1978 issued August 31, 1976.
13/ Exchanged by Federal Reserve banks and Government accounts for 6-I/4#
notes of Series R-1978 issued September 30, 1976.
I k / Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series S-1978 issued November 1, 1976.
15/ Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-1/4# notes of Series K-1979 and $50 million of 77.
notes of Series B-1983 issued Novenber 15, 1976.
16/ Exchanged by Federal Reserve banks and Government accounts for 5-3/4#
notes of Series T-1978 issued November 30, 1976.
17/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4#
notes of Series U-1978 issued December 31, 1976.
18/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/2# notes of Series C-1980, $881 million of 7-1/4#
notes of Series A-1984 and $391 million j f 7-5/8# bonds of 2002-2007
issued February 15, 1977.
19/ Exchanged byFederal Reserve banks and Government accounts for 5-7/8#
notes of Series M-1979 issued February 28, 1977.
20/ Exchanged by Federa’
1 R^serv^ T-a^'K ard r,./'»*-rampn+ account a for 6#
notes of Series N-1979 issued March 31, 1977.
21/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8$
notes of Series P-1979 issued May 2, 19’
7’
7.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8#
bonds of 2002-2007 issued May 16, 1977.
23/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 7-1/4# ro+es of Series A-1984 and $373 million of r-r/8^
bonds of 2002-2007 issued May. lo, 19r,7.
24/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8#
notes of Series Q-1979 issued May 31, 1977.
25/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8#
notes of Series R-1979 issued June 30, 1977.
26/ Exchanged by Federal Reserve banks and Government accounts for 6-I/4#
notes of Series S-1979 issued August 1, 1977.
27/ Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/4# notes of Series H-1980,$300 millions of 7-1/4#
notes of Series B-I984, and $199 of 7-5/8# bonds of 2002-07
issued August 15, 1977.
28/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
notes of Series T-1979 issued August 31, 1977.
29/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
notes of Series U-1979 issued September 30, 1977.
30/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4#
notes of Series V-1979 issued October 31, 1977.
31/ Exchanged by Federal Reserve banks and Government accounts for $625
million of 7-1/8# notes of Series J-1980, $373 million of 7-5/8# notes
of Series A-1987 and $240 million of 7-7/8# bonds of 2002-07 issued
November 15, 1977.
32/ Exchanged by Federal Reserve banks and Government accounts for 7-3/8#
notes of Series W-1979 issued November 30, 1977
33/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2#
notes of Series X-1979 issued January 3, 19r?8.
34/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2#
notes of Series K-1980 issued January 31, 1978.
35/ Exchanged by Federal Reserve banks and Government accounts for $1,000
million of 7-1/2# notes of Series M-1981, $200 million of 8#
notes of Series A-1985 and $771 million of 8-1/4# bonds of 2000-05
1 issued February 15, 1978.
36/ Exchanged by Federal Reserve banks and Government accoiints for 7-5/8#
notes of Series L-1980 issued Frbruary 28, 1978.
37/ Exchanged by Federal Reserve banks and Covernment accounts for an
additional amounts of 7-1/2# notes of Series C-I98O issued March 31,
1978.
. _
38/ Exchanged by Federal Reserve banks and Government accounts for 7-3/4/.
notes of Series N-1980 issued May 1, 1978.
29/ Exchanged by Federal Reserve banks ^ G o v e r n m e n t accounts for $59
million of 8-1/4% notes of Series A-1988 and $895 million of 8 3/87.
bonds of 1995-2000 issued May 15, 1978.
40/
—
Exchanged by Federal Reserve banks and Government accounts for 8 1/4%
notes of Series A-1988 issued Ma y 15, 197o.
41/ Exchanged by Federal Reserve banks and Government accounts for 8# notes
of Series P-1980 issued May 31, 1978.
12/ Exchangedby Federal Reserve banks and Government accounts for 8-1/4#
notes of Series 0,-1980
Time 30. 1978.
A3/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2#
•note**
“
Vries F-I98O issued July 31, 197°.
44/ Exchanged by Federal Reserve banks and Government accounts for $34
million of 8-1/4% notes of Series B-1985 and $600 million of 8-3/8%
bonds of 2003-2008 issued August 15, 1978.
45/ Exchanged by Federal Reserve banks and Government accounts for $1,200
millior of 8-3/8# notes of Series N-I98I and $1,400 million of 8-1/4#
notes of Series B-1985 issued August 15, 1978.
U<o/ Exchanged by Federal Reserve banks and Government accounts for 8-3/8#
notes of Series S-I98O issued August 31, 1978.
A7/ Exchanged by Federal Reserve banks and Government accounts for 8-5/8#
notes of Series T-1980 issued October 2, 1978.
54
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
______________ (Payable in U.S. dollars; dollar amounts In millions)_____________
Month of
activity
(
1976-Ja n .,
{Certificates of indebtedness
Issue
date
Maturity
date
7/10/75
10/09/75
10/16/75
10/23/7*;
10/28/75
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
1/29/76
1/08/76
1/08/76
!/l5/76
7/29/75
12/02/75
12/02/75
10/24/74
1/29/76
1/29/76
1/29/76
*11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
2/26/76
- 2/26/76
Certificates of indebtedness
(Certificates of indebtedness
Notes
>
Apr.,
Certificates of indebtedness
'12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
9/04/75
2/26/76
3/04/76
3/04/76
3/25/76
2/05/76
2/13/76
2/13/76
2/13/76
2/13/76
3/09/76
3/16/76
3/18/76
3/19/76
7/19/72
^ 3/22/76
f 10/09/75
1/15/76
J 1/15/76
A 1/22/76
4/08/76
4/15/76
I 2/06/76
I 2/06/76
< 3/09/76
J 3/16/76
3/18/76
4/01/76
f 2/06/76
J 2/13/76
\ 5/06/76
1.5A3/76
T 2/06/76
2/13/76
2/13/76
2A3/76
2A3/76
Interest
rate
(percent)
-
_
_
_
40
40
35
187
163
97
40
120
# $8
1/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
1/27/76
1/23/76
2/05/76
1/29/76
10/31/77
8/15/78
11/15/78
2A3/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
5/05/76
5/05/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
3/04/76
3/25/76
8/05/76
9/02/76
12/14/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
6/09/76
6/16/76
6/18/76
6/18/76
3/22/76
2/15/83
4/08/76
4/15/76
4A5/76
4/22/76
10/07/76
10A4/76
5/06/76
5/06/76
6/09/76
6A6/76
6/18/76
1/31/78
5/06/76
5/13/76
11/04/76
11/12/76
5/06/76
5/13/76
5/13/76
5A3/76
5/13/76
Total outstanding
end of month
6.70
5.90
5.60
7.80
7.50
7.625
6.00
_
_
_
5.60
5.60
5.30
5.30
5.18
4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
-
50
50
150
_
-
40
236
40
60
60
_
42
_
48
54
20
163
26
196
15
_
-
40
40
40
_
-
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
5.00
11
13
4
26
5.75
7.60
500
_
_
4.85
4.85
5.10
5.00
5.00
6.375
_
_
43
192
_
-
100
_
-
-
40
243
4.85
4.90
4.90
4.90
4.90
-
_
-
74
41
185
*8
40
80
-
-
_
-
-
20,002
40
20
25
175
-
-
233
40
40
120
_
-
42
48
163
15
196
20,090
-
15
80
40
-
27
26
6
9
5
-
20,070
500
-
42
163
187
97
-
20
19
11
13
4
-
40
236
_
9
15
54
147
15
20,013
55
October 19 j 8
_____________ PUBLIC DEBT OPERATIONS_____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1976-May...........
Certificates of indebtedness
V.
Bills
June..........
Certificates of indebtedness
Notes
Bills
July..........
Certificates of indebtedness
Notes
<
Bills
Aug...........
Certificates of indebtedness
Notes
Sept..........
Issue
date
Securities
Bills
Certificates of indebtedness
Notes
p
Bills
Certificates of indebtedness
Oct...........
Notes
Bills
f 2/13/76
1 3/19/76
5/06/76
5/06/76
5/13/76
5/13/76
5/13/76
5/13/76
^ 5/13/76
( 12/04/76
/ 1/08/76
\ 2/26/16
V. 6/03/76
5/13/76
Maturity
date
Interest
rate
(percent)
5/13/16
6/18/76
8/06/76
8/06/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
6/03/76
7/08/76
6/24/76
12/02/76
8/13/76
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
6/25/76
6/25/76
6/25/76
11/15/82
V, 6/28/76
3/31/78
( 2/26/76
7/29/76
/ 4/15/76 , 7/15/76
10/14/76
\ 7/15/76
^ 7/29/76
8/26/76
f 5/13/76
8/13/76
\ 5/13/76
8/13/76
f 7/07/71
7/07/76
7/14/76
J 7/14/71
8/15/76
< 1/23/75
I 7/07/76
8/15/76
8/15/76
L 7/14/76
8/5/76
( 3/4/76
8/26/76
J 7/29/76
9/2/76
\
8/5/76
9/30/76
L 8/26/76
[ 5/13/76
8/13/76
J 5/13/76
8/13/76
< 5/13/76
8/13/76
I 8/13/76
11/12/76
1 8/13/76
11/12/76
8/6/76
f 8/28/75
8/9/76
7 8/28/75
8/9/76
] 10/2/75
8/10/76
V. 10/2/75
9/02/76
f 3/04/76
< 8/05/76
9/02/76
1 9/02/76
9/30/76
/ 8/13/76
9/21/76
\ 8/13/76
9/24/76
/ 3/15/72
9/15/76
2/15/81
\ 9/15/76
10/07/76
f 4/08/76
4/15/76
10/14/76
I 7/15/76
10/14/76
< 10/07/76
1/06/77
10/14/76
4/14/77
10/14/76
1/13/77
I 10/14/76
1/13/77
| 8/13/76
11/12/76
8/13/76
11/12/76
10/01/76
11/09/76
< 10/29/76
1/28/77
10/29/76
4/29/77
10/29/76
7/29/77
V.10/29/76
10/28/77
6.65
7.60
6.75
t
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
1^10/29/76
f 5/06/76
5/13/76
11/04/76
11/12/76
9/30/78
8/15/81
1/30/78
4/28/78
9/28/78
10/30/78
1/29/79
4/30/79
7/30/79
10/29/79
11/04/76
11/12/76
2/03/77
5/12/77
_
_
5.10
-
_
5.10
5.10
6.85
6.80
7.50
7.65
7.55
5.10
5.10
5.10
5.20
5.20
8.25
6.50
7.125
7.25
Amount
Issued
_
9
54
147
15
196
-
_
_
_
47
_
600
100
_
_
167
60
_
_
_
200
200
_
_
20
60
_
_
_
62
211
_
_
60
2.50
7.375
_
-
-
_
5.20
5.20
5.10
4.95
5.25
5.35
5.50
6.25
7.625
5.70
5.80
5.95
6.00
6.05
6.15
6.20
6.25
_
_
_
160
_
_
43
197
169
_
-
200
143
144
144
144
400
100
96
96
96
96
48
48
48
48
_
_
40
250
Total outstanding
end of month
Retired
196
26
9
54
47
35
60
20
600
_
60
165
_
25
20
200
200
100
_
40
60
82
15
196
75
75
100
100
40
20
10
25
158
J
>
19,916
19,901
^
19,758
►
19,368
<
19,215
*
43
192
167
_
_
_
169
15
196
_
_
_
_
_
_
-
_
_
_
-
40
243
►
20,691
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1976-Nov...........
Securities
Notes
pt
j 10/01/76
( 10/29/76
112/01/76
T 5/29/75
\l0/30/75
Bills
f10/07/76
i 1/06/77
1/06/77
6/09/77
10/29/76
\ 12/31/76
5/29/75
V 1/28/77
1/28/77
3/31/77
1/28/77
5/15/82
f 11/04/76
< 2/03/77
\ 2/23/77
10/29/76
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
3/10/77
3/31/77
5/26/77
4/29/77
>
Bills
Dec.......
....... .
Certificates of indebtedness
[ Certificates of indebtedness
Notes
r
Bills
Feb........... I Certificates of indebtedness
Notes
>•
Bills
Certificates of indebtedness
Mar...........
<
Notes
*
Bills
Apr...........
Certificates of indebtedness
Notes
^Bonds
Bills
May...........
Certificates of indebtedness
Notes
Bills
Certificates of indebtedness
June.
Maturity
dst©
11/12/76
1/28/77
3/31/77
11/15/81
11/15/81
12/14-/76
12/02/76
6/02/77
3/10/77
4/14/77
3/31/77
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
J Certificates of indebtedness
Notes
1977-Jan...........
date
<| Notes
\ 8/13/76
(^10/29/76
( 10/30/75
. 11/04/76
V.ll/12/76
f 3/25/76
6/03/76
/ 12/02/76
\ 12/09/76
12/14/76
U.2/28/76
f 5/29/75
{ 10/02/75
V. 2/28/77
f 12/09/76
, 12/28/76
> 2/23/77
10/29/76
[ 7/19/72
9/15/72
5/27/75
/ 3/10/77
3/15/77
3/22/77
3/25/77
^ 3/31/77
f 10/14/76
J 12/14/76
< 2/23/77
4/14/77
V* 4/14/77
10/29/76
r 5/27/75
/ 6/19/75
V. 4/27/77
4/19/77
fll/12/76
2/03/77
/ 2/23/77
t 5/05/77
5/12/77
^ 5/26/77
10/29/76
f 1/09/75
5/27/75
6/19/75
5/16/77
5/19/77
^ 5/27/77
f 12/02/76
1/06/77
( 5/26/77
1 6/02/77
L 6/09/77
10/29/76
f 6/26/72
6/05/75
/ 6/19/75
] 11/28/75
^ 6/03/77
3/22/77
3/15/77
3/25/77
3/31/80
3/31/80
2/15/84
11/15/79
12/31/80
4/14/77
4A4/77
5/26/77
10/13/77
10/13/77
4/29/77
4/27/77
4/19/77
8/15/81
2/15/82
5/12/77
5/05/77
5/26/77
8/04/77
11/10/77
8/25/77
7/29/77
»
5/19/77
1/31/79
2/15/82
1/15/83
6/02/77
8/09/77
8/25/77
12/01/77
9/08/77
7/29/77
6/27/77
6/04/77
6/20/77
6/30/77
3/31/81
Interest
rate
(percent)
5.20
4.95
6.50
7.75
7.75
_
-
-
5.10
4.95
4.30
6.65
7.375
_
4.95
4.30
6.65
8.00
_
5.25
6.90
6.00
9.00
_
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
-
-
5.25
6.90
6.79
7.625
6.375
5.35
6.875
7.00
6.79
5.875
6.375
8.00
_
-
_
5.35
5.95
6.90
6.83
6.50
6.875
Amount
Issued
_
-
-
200
200
47
240
40
300
_
15
43
300
_
40
30
_
_
300
_
_
200
100
500
260
500
-
202
40
300
200
40
256
10
100
300
300
_
47
43
“
200
Total outstanding
end of month
Retired
'
27
36
125
20,908
-
40
47
200
60
300
150
>
20,753
•<
43
47
15
300
40
45
300
100
240
300
5
56
500
157
260
^
20,689
>
20,575
H
✓
20,617
>
-
197
40
7
42
300
303
250
40
18
-
>
20,469
20,423
45
100
300
300
-
*>
10
56
600
200
300
1JLUU
on
>
20,357
October 1978
57
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Securities
Issue
date
Maturity
date
Interest
rate
(percent)
Amount
Issued
Bonds
Certificates of indebtedness
1977-July..........
Notes
>
Bills
Certificates of indebtedness
Aug...........
Notes
V*
f Bills
/ Certificates of indebtedness
Notes
►
Bills
Certificates of indebtedness
Notes
y
Certificates of indebtedness
Nov...........
Notes
>
Bills
l 6/20/77
6/27/77
6/30/77
v.6/30/77
6/27/77
10/29/76
7/20/77
7/21/77
7/26/77
^ 7/28/77
7/02/72
7/14/72
1/15/73
7/17/75
11/28/75
7/07/77
7/14/77
7/15/77
7/18/77
^ 5/05/77
t 8/04/77
p.0/29/76
J 7/20/77
( 7/21/77
7/26/77
V 7/2 8/77
/ 12/I9/74
( 8/01/77
^ 8/01/77
f 6/09/77
^ 9/08/77
10/29/76
f 7/19/72
9/04/75
/ 9/06/77
9/07/77
9/07/77
k9/22/77
4/14/77
4/14/77
10/13/77
10/13/77
*10/29/76
10/05/77
10/06/77
<10/14/77
10/17/77
10/24/77
10/26/77
1/09/75
1/23/75
11/28/75
12/18/75
1 12/18/75
1/29/76
1/29/76
1/29/76
5/12/77
11/10/77
11/28/77
11/28/77
11/28/77
11/02/77
11/14/77
11/22/77
11/25/77
A2/14/74
[ 10/29/76
v.11/28/77
f 6/02/77
1 12/01/77
*12/05/77
12/06/77
12/07/77
12/08/77
12/09/77
12/12/77
12/13/77
12/14/77
11/15/83
5/15/81
4/30/79
11/15/79
8/15/84
7/29/77
10/20/77
10/21/77
10/26/77
10/28/77
7/07/77
7/14/77
7/15/77
7/18/77
7/31/77
; 11/15/83
I 11/15/83
1 2/15/84
1 12/31/79
! 8/04/77
1 2/02/78
j 10/28/77
, 10/20/77
1 10/21/77
! 10/26/77
, 10/28/77
8/15/77
5/31/79
2/15/80
1 9/08/77
' 3/09/78
10/28/77
9/22/77
9/05/77
8/15/79
3/31/80
5/L5/80
8/15/84
10/13/77
10/13/77
4/13/78
4/13/78
10/28/77
1/05/78
1/06/78
1/13/78
1/17/78
1/24/78
1/26/78
2/15/78
2/15/78
10/31/77
5/15/78
8/15/78
11/15/78
8/15/78
10/31/77
11/10/77
5/11/78
11/30/77
1/03/78
11/30/77
2/02/78
2/14/78
2/22/78
2/24/78
11/15/77
, 1/30/78
;1 1/31/78
12/01/77
3/02/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3/13/78
3/13/78
3/14/78
7.0
6.50
5.875
6.25
6.95
5.35
5.25
5.25
5.20
5.20
5.90
5.875
2.50
7.50
7.50
6.90
6.90'
7.25
7.50
_
5.50
5.25
5.25
5.20
5.20
7.75
6.125
6.50
,
5.50
5.90
7.85
6.8^5
7.50
6.875
7.20
_
-1
-1
5.50
6.10
6.10
6.15
6.15
6.20
6.20
6.25
6.25
7.50
7.125
7.625
6.00
7.625
7.50
_
_
6.30
6.20
6.10
6.10
7.75
5.70
6.375
300
300
50
50
300
22
4
4
4
_
_
_
200
200
150
400
_
40
_
_
_
_
50
50
_
43
_
_
200
300
200
500
_
_
40
209
_
27
9
49
17
18
17
_
_
_
_
_
_
_
_
265
300
300
_
45
19
13
45
_
300
_
-
-
47
36
12
62
21
46
28
30
18
6.05
6.05
6.05
6.05
6.05
6.05
6.10
6.10
Total outstanding
end of month
Retired
_
_
_
-
42
_
_
200
200
156
447
100
_
_
_
40
56
22
4
4
4
150
_
-
i
20,197
<
20,055
<<
43
45
500
200
\
/
_
20,510
-
40
202
_
*
-
42
_
_
^
_
19,861
-
100
100
100
150
100
100
50
50
256
_
_
_
300
_
_
>
_
100
37
-
47
-
«<
20,455
58
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series S ecu rities (Nonmarketabl^)
Issued to O fficial In stitu tio n s of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Issue
date
Certificates of indebtedness
Certificates of indebtedness
1978-Jan.,
< Certificates of indebtedness
I 12/15/77
12/16/77
12/19/77
12/20/77
12/21/77
12/22/77
12/23/77
12/27/77
0.2/30/77
6/29/73
12/16/75
10/29/76
12/12/77
12/12/77
12/12/77
12/19/77
11/28/77
'10/05/77
10/06/77
10/14/77
10/17/77
10/24/77
10/26/77
1/03/78
1/05/78
1/06/78
1/09/78
1/10/78
1/12/78
1/13/78
1/16/78
1/17/78
1/24/78
1/25/78
1/26/78
y 1/26/78
4/01/76
10/29/76
11/28/77
1/04/78
1/06/78
1/06/78
1/06/78
1/31/78
1/31/78
/ 8/04/77
t 2/02/78
^Ll/02/77
11/14/77
11/22/77
11/25/77
2/01/78
2/02/78
2/14/78
2/14/78
2/16/78
2/16/78
2/17/78
2/21/78
2/21/78
2/22/78
2/23/78
2/24/78
2/24/78
2/27/78
2/28/78
(6 /2 8 /7 6
J10/29/76
<12/19/77
Maturity
date
3/15/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/20/78
12/29/77
12/16/77
1/30/78
7/31/79
8/31/79
9/30/79
2/28/78
1/03/78
1/05/78
1/06/78
1/13/78
1/17/78
1/24/78
1/26/78
4/03/78
4/05/78
4/06/78
4/10/78
4/10/78
4/12/78
4A3/78
4/17/78
4/17/78
4/24/78
4/25/78
4/26/78
4/26/78
1/31/78
1/30/78
1/31/78
3/31/78
1/31/78
2/28/78
1/31/78
11/30/79
12/31/79
2/02/78
8/03/78
2/02/78
2/14/78
2/22/78
2/24/78
5/02/78
5/02/78
5/16/78
5A6/78
5/16/78
5/16/78
5/17/78
5/22/78
5/22/78
5/22/78
5/23/78
5/24/78
5/24/78
5/26/78
5/29/78
3/31/78
A/28/78
2/28/78
m i
9/08/79
12/01/77
3/02/78
3/09/78
3/21/78
3/21/78
3/27/78
3/27/78
3/30/78
3/30/78
3/09/78
3/02/78
3/31/78
9/07/78
3/31/78
3/31/78
3/31/78
3/31/78
6/22/78
6/29/78
Interest
rate
(percent)
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
2.50
7.30
5.70
6.25
6.625
6.625
8.00
6.15
6.10
6.15
6.15
6.20
6.20
6.15
6.15
6.15
6.15
6.70
6.70
6.70
6.70
6.55
6.45
6.45
6.45
6.45
6.375
5.70
6.375
6.75
6.375
8.00
6.375
7.125
7.125
_
-
6.30
6.20
6.10
6.10
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.45
6.75
5.80
8.00
6.75
8.00
-
Issued
Retired
_
_
_
_
_
-
33
23
16
14
24
8
59
27
84
_
_
-
50
50
50
300
-
300
_
-
1
'
_
-
300
100
100
_
50
50
_
4°
_
-
7
45
29
2
21
122
33
27
263
13
92
45
64
17
23
_
-
_
47
43
250
-
150
350
300
21,018
199
200
30
_
-
3
67
9
178
75
146
269
86
74
18
29
33
19
Total outstanding
end of month
27
9
49
17
18
17
-
_
_
_
_
_
-
21,659
100
29
300
100
_
40
-
45
19
13
45
_
_
_
-
100
30
300
300
100
43
47
250
150
~
21,510
59
October 19 J8
PUBLIC DEBT OPERATIONS____________________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars, dollar amounts in millions)
Amount
Month of
activity
Securities
1978-Mar.......... i
Certificates of indebtedness
Notes
S.
Bills
Certificates of indebtedness
Apr.......... <
Issue
date
Maturity
date
12/05/77
12/06/77
12/07/77
12/08/77
12/09/77
12/12/77
12/13/77
12/14/77
12/15/77
12/16/77
12/16/77
12/19/77
12/20/77
12/21/77
12/22/77
12/23/77
12/27/77
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3A3/78
3/13/78
3/14/78
| 3/15/78
13/16/78
| 3/16/78
3/20/78
3/20/78
1 3/21/78
| 3/22/78
1 3/23/78
3/28/78
12/30/77
3/02/78
3/02/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3/13/78
3/13/78
3/14/78
3/15/78
3/15/78
3/15/78
3/16/78
3/16/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/29/78
3/29/7^
3/30/78
7/19/72
\ 10/29/76
I 3/22/78
■3/30/78
6/02/78
6/02/78
6/06/78
6/06/78
6/07/78
6/08/78
6/09/78
6/13/78
6/13/78
6/14/78
6/15/78
6/15/78
6/15/78
6/16/78
6/16/78
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/78
6/28/78
6/29/78
6/29/78
6/30/78
3/22/78
4/28/78
2/15/85
4/13/78
4/13/78
10/12/78
10/12/78
4/03/78
4/05/78
4/05/78
,7/05/78
4/06/78
4/10/78
4/10/78
4/10/78
4/10/78
4/12/78
4/12/78
4/13/78
4/13/78
4/13/78
4/17/78
4/17/78
4/17/78
4A7/78
4/17/78
4/24/78
4/25/78
4/25/78
4/26/78
4/26/78
4/26/78
4/26/78
7/03/78
7/05/78
7/05/78
7/05/78
7/05/78
'7/06/78
7/06/78
flO/13/77
J10/13/77
\ 4/13/78
1 4/13/78
**1/03/78
1/05/78
1/05/78
1/05/78
1/06/78
1/09/78
1/09/78
1/10/78
1/10/78
1/12/78
1/12/78
1/13/78
1/13/78
1/13/78
1/16/78
1/16/78
1/17/78
1/17/78
, 1/17/78
1/24/78
1/25/78
1/25/78
1/26/78
1/26/78
1/26/78
1/26/78
4/03/78
4/04/78
4/04/78
4/05/78
4/05/78
4/06/78
4/06/78
Interest
rate
(percent)
6.05
6.05
6.05
6.05
6.05
6.05
6.10
6.10
6.10
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
6.45
6.45
6.45
6.45
6.35
6.35
6.35
6.35
6.35
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.20
6.20
6.20
6.35
6.35
6.35
6.35
5.95
5.80
7.90
_
_
_
6.15
6.15
6.15
6.45
6.15
6.15
6.15
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.55
6.55
6.55
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.35
6.45
6.45
6.45
6.45
6.45
6.45
Issued
_
_
_
_
-
-
_
_
_
_
_
_
_
I
1
1
,
!
_
45
45
36
12
62
21
46
28
30
18
137
137
33
23
49
49
16
14
24
8
59
27
14
14
84
_
_
500
_
_
40
216
_
_
_
_
_
_
_
_
-
_
'
_
_
_
_
_
_
_
3
35
35
27
40
9
“
Total outstanding
end of month
Retired
36
12
62
21
46
28
30
18
33
23
23
16
14
24
8
59
27
L
(
22,614
84
_
_
_
_
_
-
_
_
_
_
_
_
_
_
_
_
_
_
_
500
37
40
209
_
3
27
40
27
9
89
89
38
38
73
73
49
110
110
43
43
17
29
29
18
15
15
17
8
8
19
_
_
9
J■
N
>
22,438
60
Treasury Bulletin
,PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Issue
date
Month of
activity
>
Bills
1978-May.,
Certificates of indebtedness
4/10/78
4/10/78
4/10/78
4/10/78
4/10/78
4/12/78
4/12/78
4/13/78
4/13/78
4/13/78
4/13/78
4/17/78
4/17/78
4/17/78
4/17/78
4A7/78
4/17/78
4/24/78
4/24/78
4/25/78
4/25/78
4/26/78
4/26/78
4/26/78
y 4/07/72
<10/29/76
I 4/07/78
/lLl/10/77
5/11/78
' 2/1/78
2/1/78
2/2/78
2/14/78
2/14/78
2/14/78
2/14/78
2/L6/78
2/16/78
2A6/78
2A7/78
2/17/78
2/21/78
2/21/78
2/21/78
2/21/78
2/21/78
2/21/78
2/22/78
2/23/78
2/23/78
2/24/78
2/24/78
2/24/78
2/27/78
2/27/78
2/28/78
2/28/78
3/6/78
3/6/78
3/7/78
3/8/78
3/9/78
3/13/78
3/13/78
3/14/78
3/15/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
4/10/78
4/12/78
4A3/78
4/17/78
4/17/78
4/26/78
4/26/78
5/2/78
$ $
5/2/78
5/2/78
Maturity
date
7/10/78
7/10/78
7/10/78
7/10/78
7/10/78
7/12/78
7/12/78
7/13/78
7/13/78
7/13/78
7/13/78
7/17/78
7/17/78
7A7/78
7/17/78
7/17/78
7/17/78
7/24/78
7/24/78
7/25/78
7/25/78
7/26/78
7/26/78
7/26/78
4/07/78
4/28/78
3/31/85
5A1/78
11/9/78
5/2/78
5/2/78
5/2/78
. 5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/17/78
5/17/78
5/22/78
5/22/78
5/22/78
5/22/78
5/22/78
5/22/78
5/22/78
5/23/78
5/23/78
5/24/78
5/24/78
5/24/78
5/26/78
5/26/78
5/29/78
5/29/78
6/6/78
6/6/78
6/7/78
6/8/78
6/9/78
6/13/78
6A3/78
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/78
7/10/78
7/12/78
7/13/78
7/17/78
7/17/78
7/25/78
7/26/78
7/26/78
8/2/78
8/2/78
8/2/78
i/2 /1 8
8/2/78
Interest
rate
(percent)
6.45
6.45
6.45
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.15
6.15
6.30
6.30
6.30
6.30
6.30
6.20
5.80
8.05
Total outstanding
end of month
38
38
73
73
49
110
110
48
17
43
43
17
29
29
18
15
15
8
8
19
400
275
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.45
265
3
3
45
5
5
2
19
21
61
61
17
17
88
88
44
44
16
11
13
46
46
6.45
6.45
6.45
6.35
6.35
6.35
6.35
6.35
6.30
6.30
6.30
6.30
6.30
6.20
6.20
6.20
6.45
6.40
6.40
6.40
6.40
6.30
6.30
6.30
6.50
6.50
6.50
6.50
6.50
400
29
3
3
45
32
32
45
9
9
12
12
12
36
62
21
46
28
30
18
33
23
14
16
24
28
6
38
73
110
43
29
15
8
19
3
45
21,476
61
October 1978
____________ PUBLIC DEBT OPERATIONS_____________
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Amount
Month of
activity
Securities
Notes
s■
n•nt—
JdIIIS
June............ /Certificates of indebtedness
Notes
?
July............ /Certificates of indebtedness
Notes
Issue
date
Maturity
date
Interest
rate
(percent)
Issued
_
-
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/17/78
5/17/78
5/22/78
5/22/78
5/22/78
5/22/78
5/23/78
5/23/78
5/24/78
5/24/78
5/26/78
5/26/78
5/29/78
^5/29/78
10/29/76
8/16/78
8/16/78
8/16/78
8/16/78
8/16/78
8/16/78
8/17/78
8/17/78
8/22/78
8/22/78
8/22/78
8/22/78
8/23/78
8/23/78
8/24/78
8/24/78
8/25/78
,8/25/78
8/29/78
8/29/78
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.50
6.50
6.50
6.50
6.50
6.50
6.65
6.65
32
32
9
9
12
12
7/28/78
5.95
u/22/78
6/29/78
_
37
f3/30/7o
^3/30/78
_
-
-
-
350
300
^3/02/78
3/02/78
3/15/78
3/15/78
3/16/78
3/16/78
3/23/78
3/28/78
3/29/78
3/29/78
3/30/78
5/16/78
< 5/17/78
5/22/78
6/02/78
6/0!2/78
6/15/78
6/15/78
6/16/78
6/16/78
6/27/78
6/29/78
^6/29/78
6/02/78
6/02/78
6/15/78
6/15/78
6/16/78
6/16/78
6/23/78
6/28/78
6/29/78
6/29/78
6/30/78
8/16/78
8/17/78
8/22/78
9/01/78
9/01/78
9/15/78
9/15/78
9/15/7$
9/15/78
9/27/78
9/29/78
9/29/78
6.45
6.45
6.30
6.30
6.30
6.30
6.20
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.65
6.65
6.65
6.65
6.65
6.65
7.00
7.00
7.00
45
45
137
137
49
49
5
14
14
10/29/76
7/28/78
5.95
-
f 4-03-78
4-04-78
4-04-78
4-05-78
4-10-78
4-10-78
4-12-78
4-13-78
4-17-78
4-17-78
4-25-78
4-26-78
5-22-78
5-22-78
/ 5-23-78
5-24-78
5-26-78
5-29-78
6-02-78
6-15-78
7-05-78
7-05-78
7-05-78
7-05-78
7-05-78
7-06-78
7-10-78
7-10-78
7-10-78
7-10-78
7-12 f-78
7-12-78
7-13-78
7-13-78
7-17-78
7-17-78
7-25-78
J7-26-78
7-03-78
7-05-78
7-05-78
7-05-78
7-10-78
7-10-78
7-12-78
7-13-78
7-17-78
7-17-78
7-25-78
7-26-78 8-22-78
8-22-78
, 8-23-78
8-24-78
8-25-78
8-29-78
9-01-78
9-15-78
10-05-78
'10-05-78
10-05-78
'10-05-78
10-05-78
10-05-78
10-10-78
10-10-78
'10-10-78
10-10-78
10*12-78
10-12-78
10-13-78
10-13-78
10-17-78
10-17-78
10-25-78
10-26-78
6.35
6.45
6.45
6.45
6,45
6.45
6.40
6,40
6.40
6.40
6.30
6.30
6.35
6.35
6,50
6.50
6.50
6,65
6.65
6.65
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.20
7.20
7.20
7.20
7.20
7.20
6.95
6.95
/*4-07-72
0.0-29-76
V7-07-78
7-28-78
7-28-78
5-15-85
6,20
5.95
8.50
5
5
61
61
17
17
88
88
44
44
46
46
_
_
-
_
-
_
_
_
p,
_
_
_
_
_
_
35
35
40
1
11
89
38
-
5
23
_
_
_
_
_
_
-
_
43
29
15
8
_
400
•>
45
45
137
137
49
49
33
27
14
14
84
38
17
44
>
20,558
1
19,952
-
_
30
>
3
35
35
40
89
38
73
110
43
29
15
8
44
44
46
32
9
12
45
9
_
_
_
40
_
_
_
89
38
73
110
Total outstanding
end of month
Retired
73
107
_
-
400
29
62
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions cf Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Issue
date
Month of
activity
Aug.
< Certificates of indebtedness
f 2-02-78
t 3-02-78
r 5-02-78
5-16-78
5-16-78
5-17-78
5-22-78
5-22-78
5-23-78
5-24-78
5-26-78
5-29-78
6-15-78
7-13-78
7-17-78
7-17-78
7-26-78
7-25-78
8-07-78
8-07-78
8-10-78
8-10-78
8-14-78
8-14-78
/ 8-16-78
\ 8-16-78
8-16-78
8-16-78
8-17-78
8-18-78
8-18-78
8-18-78
8-21-78
8-21-78
8-21-78
8-22-78
8-22-78
8-23-78
8-23-78
8-23-78
8-23-78
8-24-78
8-25-78
8-25-78
8-25-78
8-29-78
8-31-78
8-31-78
8-31-78
^10-29-76
{ 8-08-78
V 8-9-78
f\
Sept.
< Certificates of indebtedness
Notes
Source: Bureau of the Public Debt.
* Less than $500,000.
Maturity
date
8-03-78
8-31-78
8-02-78
8-16-78
8-16-78
8-17-78
8-22-78
8-22-78
8-23-78
8-24-78
8-25-78
8-29-78
9-15-78
10-13-78
10-17-78
10-17-78
10-26-78
10-25-78
11-02-78
11-03-78
11-10-78
11-10-78
11-14-78
11-14-78
11-16-78
11-16-78
11-16-78
11-16-78
11-17-78
11-20-78
11-20-78
11-20*78
11-21-78
11-21-78
11-21-78
11-21-78
11-21-78
11-24-78
11-24-78
11-24-78
11-24-78
11-24-78
11-24-78
11-24-78
11-24-78
11-29-78
11-30-78
11-30-78
11-30-78
10-30-78
7-31-79
7-31-79
Interest
rate
(percent)
_
-
-
6.50
6.35
6.35
6.35
6.35
6.35
6.50
6.50
6.50
6.65
6.65
7.20
7.20
7.20
6.95
6.95
6.90
6.90
6.80
6.80
6.80
6.80
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.35
7.35
7.35
7.35
6.00
6.25
6.25
400
850
-
43
3-09-78
9-07-78
✓“6-02-78
6-15-78
6-15-78
6-16-78
6-16-78
6-27-78
6-29-78
6-29-78
7-05-78
8-10-78
8-16-78
8-17-78
8-22-78
8-22-78
8-23-78
8-24-78
9-01-78
9-15-78
9-15-78
9-15-78
9-15-78
9-15-78
9-21-78
9-22-78
9-26-78
9-26-78
9-26-78
9-27-78
9-27-78
9-27-78
9-27-78
9-28-78
9-29-78
9-29-78
9-29-78
9-29-78
9-07-78
3-08-79
9-01-78
9-15-78
9-15-78
9-15-78
9-15-78
9-27-78
9-29-78
9-29-78
10-05-78
11-10-78
11-16-78
11-17-78
11-21-78
11-21-78
11-24-78
11-24-78
12-01-78
12-15-78
12-15-78
12-15-78
12-15-78
12-15-78
12-21-78
12-22-78
12-27-78
12-27-78
12-27-78
12-27-78
12-27-78.
12-27-78
12-27-78
12-28-78
12-29-78
12-29-78
12-29-78
12-29-78
6.65
6.65
6.65
6.65
6.65
7.00
7.00
7.00
7.05
6.80
6.90
6.90
7.30
7.30
7.30
7.30
7.35
7.70
7.70
7.70
7.70
7.70
7.90
7.90
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
C 7-1Q-72
0-22-78
9-30-78
10-30-78
8-15-85
6.00
6.25
6.00
8.50
/ 10-1-76
} 10-29-76
9-22-78
Issued
2
3
39
39
41
41
15
45
45
19
17
21
21
6
9
32
32
88
44
46
6
33
33
32
9
10
10
12
19
43
43
_
_
_
_
_
_
_
_
_
_
_
_
_
-
45
137
49
27
27
10
3
22
9
10
10
5
13
26
26
26
6
34
34
14
_
_
500
Retired
Total outstanding
end of month
40
47
3
61
5
17
88
44
46
32
9
12
102
3
43
29
8
15
37
-
21,415
43
45
26
137
49
49
5
14
14
35
19
15
17
88
44
46
4
_
_
_
_
_
_
_
_
_
_
_
_
_
500
400
30
20,912
63
October 1978
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to O fficial I n stitu tio n s of, Foreign C ountries
(Dollar amounts in millions)
payable
in —
Month of
activity-
1976-Feb.
Notes
Mar.
Notes
Apr..
Notes
May..
Notes
June.
July.
Aug.
Notes
Notes
Notes
Sept.
Oct.
Nov.
Dec.
1977-Jan.
Feb.
Notes
Notes
Notes
Notes
Notes
Apr.
May.
June.
July.
Notes
Notes
Sept.
Notes
Nov.
Notes
Dec.
Notes
1978-Jan.
Notes
Issue
date
Maturity
date
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
11/01/74
11/20/74
2/02/76
2/20/76
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
9/08/75
9/08/75
9/08/75
10/06/75
3/08/77
10/06/75
10/17/75
11/26/75
4/18/77
11/26/75
5/26/77
2/02/76
2/02/76
2/02/76
2/20/76
3/01/76
8/19/77
3/01/76
4/20/76
9/01/77
4/20/76
5/28/76
10/20/77
5/28/76
6/14/76
6/14/76
7/07/76
3/08/77
3/08/77
3/08/77
4/06/77
9/08/78
4/06/77
4/18/77
5/26/77
10/18/78
5/26/77
11/27/78
8/02/77
8/02/77
8/02/77
8/19/77
9/09/77
2/20/79
9/01/77
10/20/77
3/01/79 *
10/20/77
11/28/77
4/20/79
11/28/77
12/14/77
12/14/77
1/06/78
7.75
7.75
7.75
7.70
5.90
7.70
7.25
6.95
5.60
6.95
6.10
6.08
6.08
6.08
6.35
6.40
6.60
6.40
6.10
6.40
6.10
7.05
7.15
7.05
6.75
6.75
6.70
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
7/07/76
8/06/76
1/06/79
8/06/76
8/20/76
9/10/76
1/06/78
2/06/78
7/06/79
2/06/78
2/20/78
3/10/78
6.70
6.50
7.05
6.50
6.35
6.20
11/29/74
3/01/76
1/20/75
4/20/76
2/28/75
5/28/76
6/13/75
6/14/76
4/07/75
7/07/76
5/06/75
5/20/75
8/6/76
8/20/76
6/11/75
9/10/76
7/08/75
10/8/76
7/29/75
10/29/76
6/11/75
6/11/75
9/08/75
12/10/76
2/02/76
2/20/76
8/02/77
8/19/77
3/01/76
9/01/77
4/20/76
10/20/77
5/28/76
11/28/77
6/14/76
12/14/77
7/07/76
1/06/78
8/06/76
8/20/76
2/06/78
2/20/78
9/10/76
3/10/78
10/08/76
4/07/78
10/29/78
4/28/78
12/10/76
12/10/76
3/08/77
6/09/78
Amount
(Dollar equivalent)
Interest
rate
(percent)
Retired
64
38
7.94
7.30
6.08
6.35
7.30
6.40
6.97
6.10
6.10
7.05
5.79
6.75
6.88
6.70
127
6.40
6.50
6.35
33
36
64
38
38
33
30
1.599
1.599
127
1.599
33
1.599
30
67
67
33
36
148
7.15
5.95
7.35
5.80
6.39
6.39
7.75
5.25
38
Total outstanding
end of month
148
1.599
1.599
1.599
1.599
38
38
50
50
1.599
1,579
150
20
1,546
26
1,520
26
56
26
1,494
137
160
3
170
14
1,461
1,434
1,408
360
33
27
4
38
13
1,375
1,348
1,315
25
26
1,289
101
8
1,262
82
23
27
3
39
1,210
1,169
28
30
1,128
2
36
4
1,087
64
Treasury Bulletin
_____________ PUBLIC DEBT OPERATIONS_______________
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
Securities
1978- Mar.......
Notes
Apr.......
Notes
Notes
Notes
July.......
Notes
Aug.......
Notes
Sept.......
Notes
oouree:
Payable
in —
Bureau of the Public Debt.
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
j Swiss
< Swiss
\ Swiss
/ swiss
\ swiss
Swiss
f
1
V
J
\
^
Issue
date
Maturity
date
3/10/78
4/07/78
9/10/79
4/07/78
4/28/78
10/29/79
6/09/78
Interest
rate
(percent)
Amount
(Dollar equivalent)
Issued
_
Retired
Total outstanding
end of month
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
9/10/76
10/08/76
3/10/78
10/08/76
10/29/76
4/28/78
12/10/76
12/10/76
3/08/77
6/09/78
3/08/77
4/18/77
4/18/77
10/18/78
5.60
-
52
809
Swiss francs
4/18/77
10/18/78
5.60
-
41
768
6/09/78
9/08/78
10/29/79
9/08/78
10/18/78
6.20
5.95
7.40
5.95
5.80
7.70
5.25
5.25
5.90
7.95
5.90
5.60
_
124
_
17
75
-
-
144
31
7
-50
52
85
31
19
22
/
\
f
J
1,035
995
943
/
)
\
/
901
861
65
October 1978
UNITED STATES SAVINGS BONDS
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 194-1,
interest yields,
sale since J,une 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
Series
through April 30,
from May 1, 1941
1941.
through April
Series J and K were sold from May 1, 1952
through
Details of the principal changes in issues,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 1968,
the Treasvry for fiscal years 1966 through 1977.
Table SB-1. - Sales and Redemptions by Series, Cumulative through September 30, 1978
(In millions of dollars)
Amount outstanding
Series,,
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Series A-D 2/....................
3,949
204,353
28,396
3,556
1,054
55,673
1,125
198
5,003
260,025
20,521
3,754
5,000
180,227
20,510
3,751
79,798
-
10
3
Total A-K........................
240,253
58,050
298,303
213,757
79,798
16
Interestbearing debt
Matured
non-interestbearing debt
3
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
Amount outstanding
Redemptions 1/
Period
Fiscal years:
1935-68............
1969...............
1970...............
1971............ .
1972...............
1973...............
1974...............
1975...............
1976...............
T.Q.............
1977.............
Calendar years:
1935-67..... ......
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
1977...............
Months:
1977-Sept............
Oct.............
Nov.............
1978-Jan.............
Feb.............
Mar.............
May..... .......
July............
Aug.............
Sales plus
accrued
discount
Total
Sales 1/
Accrued
discount
175,417
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,293
1,833
7,895
29,158
1,789
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
204,575
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
152,781
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
7,064
172,959
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7,954
28,285
1,759
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
201,244
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
621
612
636
631
721
686
740
718
750
662
626
660
585
318
339
320
340
939
952
956
971
1,088
1,018
1,069
1,067
1,080
1,009
1,000
1,000
921
Footnotes at end of Table SB-4.
367
332
329
348
330
347
374
340
377
Matured
non-interestbearing debt
Accrued
discount 3/
Interestbearing debt
137,011
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
5,495
15 j,769
1,,102
1,,240
1,,083
1,,032
ls,092
1,,314
1,,346
1,,409
371
1.,567
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
82
82
55
46
39
34
29
27
23
22
21
149,538
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
7,110
134,313
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
5,520
15,,225
1.,040
1,,182
1,,223
1.,021
1,,043
1,,266
1,,354
1,,332
1,,483
1,,590
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76,602
126
112
64
50
42
37
31
26
25
17
21
588
547
547
593
703
590
683
650
656
688
684
738
667
454
429
425
458
133
118
123
135
547
460
529
498
502
524
525
563
510
156
130
155
152
153
164
159
175
156
75,411
75,816
76,224
76,602
76,987
77,415
77,804
78,220
78,645
78,965
79,281
79,543
79,798
21
21
21
21
21
21
17
17
17
16
16
16
16
Sales
price 3/
and
Report of the Secretary of
66
Treasury Bulletin
.UNITED STATES SAVINGS. .BONDS,
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(in millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Total
Sales
price 2 /
Amount outstanding
Accrued
discount 2 /
Interest-bearing
debt
Matured
noi>>interestbearing debt
Series E and H Combined
Fiscal years:
1941-68...................
19,69......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975......................
1976......................
T. Q.......................
1977......................
.Calendar years:
1968......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975.......... :..........
197 6
197 7
Months:
1977nSept.................
Oct..................
Nov..................
Dec..................
1978-Jan..................
Feb..................
Mar..................
Apr..................
June....
July.................
139,517
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
7,895
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
166,298
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
114,727
6,198
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
7,063
101,195
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
1,345
5,495
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
1,567
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
137,059
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7,954
25,9l6
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
162,970
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
98,640
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
5,524
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76,602
621
612
636
631
721
686
740
718
750
662
626
660
585
318
339
320
340
367
332
329
348
330
347
374
340
337
939
952
956
971
1,088
1,018
1,069
1,0*7
1,080
1,009
1,000
1,000
921
111,617
5,915
6,565
6,281
5,237
5,359
6,206
6,824
6,290
6,762
7,114
587
547
547
593
703
590
679
65C
656
688
454
429
425
458
547
460
525
498
502
524
525
563
510
133
118
123
135
156
130
154
152
153
I64
159
175
156
75,411
75,816
76,224
76,602
76,987
77,415
77,804
78,220
78,645
78,965
79,281
79,543
797
1,296
16
3
1
1
1
1
*
*
*
*
140
_
_
_
1,282
23
9
2
1
1
1
1
*
2
-1
_
229
27
_
_
684
738
667
_
I
-
_
_
_
_
_
-
Series F, G, J, and K combined i j
Fiscal years:
1941-68.......... .
196 9
.
197 0
.
197 1
.
197 2
197 3
.
197 4
.
197 5
.
197 6
T.Q..........
197 7
Calendar years:
1941-67............
1968..................
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1977.................
Months:
1977-Sept....
Oct.....
Nov.....
Dec.....
197ft-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept....
Footnotes at end of Table SB-4.
31,951
—
1,322
1
-*
-
33,273
1
-
31,951
"
“
1,321
2
*
-
33,272
2
*
-
~
“
“
“
”
~
-
-
-
“
“
-
“
-
-
-
-
-
33,059
140
27
8
6
5
5
1
4
1
1
31,763
124
39,925
218
74
13
7
5
5
5
1
8
-4
31,643
194
65
11
6
5
4
4
*
6
-3
1
*
*
*
4
*
*
1
1
*
*
*
3
*
*
■
*
*
“
*
*
.
24
7
5
4
4
1
3
1
1
_
_
*
*
*
1
*
*
*
*
*
_
_
_
_
_
"
_
_
-
_
-
75
76
49
41
34
30
25
24
20
19
18
lid
105
58
44
37
32
27
22
21
13
18
_
_
_
_
18
18
18
18
18
18
15
15
15
14
“
14
14
13
—
"
67
October 1978
.UNITED STATES SAVINGS BONDS
Table SB-3. - Sales and Redemptions by Periods, Series E through K—Continued
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
■-4
Redemptions 1/
Total
Sales
price 2 /
Accrued
discount 2 /
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
fiscal, yeays:
1941-68.... .
196 9
.
197 0
.
197 1
197 2
197 3
197 4
197 5
197 6
T.Q,.......
197 7
Calendar years:
1941-67.....
1963.......
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1977.......
Months:
1977-Sep t
.
Oct..... .
Nov......
Dec..... .
1978-Ja...... n
Feb..... .
Mar.......
Apr..... .
May..... .
June......
July/____
Aug......
Sept....
129,173
4,343
4,289
4,870
5,650
6,190
6,145
6,503
6,975
1,761
7,576
226,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
155,954
6,131
6,130
6,92$
7,960
8.755
8,894
9.755
10,471
2,663
11,403
110,331
5,548
5.959
4.959
4,972
5,209
6,156
6,063
6,114
1,611
6,638
96,800
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
5,070
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,567
1,818
I84
210
231
292
338
310
326
80
313
43.805
44,205
44,167
45,902
48,598
51.806
54,234
57,617
61,648
62,621
67,073
126,851
4,452
4,221
4,503
5,218
5,922
5,988
6,524
6J729
7,245
7,638
25,910
1,757
1,832
1.909
2,192
2,426
2,673
2,994
3,368
3,597
3.910
152,761
6,209
6,052
6,412
7,4H
8,348
8,661
9,518
10,097
10,841
11,548
107,540
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6,336
6,686
94,567
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
5,095
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
1,717
191
180
228
249
329
319
310
326
327
303
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63,676
68.235
602
598
611
606
...........698
668
712
696
723
647
606
640
569
318
339
320
340
367
332
329
348
330
347
374
340
337
920
937
932
946
1,066
1,000
1,041
1,044
1,054
994
980
980
906
553
513
510
561
663
554
635
610
614
643
630
686
420
133
118
123
135
156
130
154
152
153
164
159
175
156
23
25
-4
20
29
27
32
24
30
28
67,073
67,472
67.869
68.235
68,608
69,026
69,400
69,810
70,220
70,543
24
32
29
70.869
71,131
71,383“
395
388
426
507
424
481
457
460
479
471
511
468
310
Series H
gissal years:
1952-68.................
1969....................
1970...................
1971...................
1972....................
1973....................
1974....................
1975....................
1976....................
T.Q.....................
1977....................
Calendar years:
1952-67.................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
1977...................
Months:
1977- Sept..............
Oct...............
Nov...............
Dec...............
1978-Jan...............
Feb...............
Mar...............
10,343
207
160
212
289
322
284
324
318
72
319
10,209
244
172
162
259
314
282
338
309
May...............
June..............
Aug...............
Footnotes at end of Table SB-4.
310
316
18
15
24
25
22
18
27
23
27
15
20
20
15
4,396
650
762
457
359
372
519
455
425
104
425
4,396
650
762
457
359
372
519
455
425
104
425
_
“
1,818
184
210
231
292
338
-
10,343
207
160
212
289
322
284
324
318
72
319
326
80
313
7,766
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8,084
8,131
8,338
_
_
_
_
_
_
_
_
—
10,209
244
172
162
259
314
282
338
309
310
316
4,077
615
730
655
366
353
465
506
404
427
428
4,077
615
730
655
366
353
465
506
-
1,717
191
180
228
249
329
319
310
326
327
303
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8,177
8,368
34
34
37
32
34
34
37
32
40
36
44
41
42
46
54
52
42
-
23
25
24
20
8,338
8,343
8,355
8,368
29
27
32
24
30
28
24
32
29
8,379
8,389
8,404
8,410
8,425
8,423
8,413
8,413
8,415
_
_
_
_
_
_
-
_
_
_
-
_
_
"
18
15
24
25
22
18
27
23
27
15 ,
20
20
15
40
36
44
41
42
46
54
52
42
404
427
428
-
_
-
310
310
Treasury Bulletin
68
.UNITED STATES SAVINGS BONDS.
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Total
Unmatured
Total
Series E
and H
77,184
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
7,064
35,180
2,250
2,057
2,184
2,25^
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
3,578
18,678
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
-577
16,502
657 2/
304
246
280
76,399
5,602
5,021
5,252
5,4a
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
6,291
6,771
7,110
33,560
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
2,556
17,872
1,656
1>617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
2,556
15,818
730 8/2/
426 2/
282
216
391
345
209
84
15
8
6
3
5
*
8
Months;
1977-Sept.
Oct..
Novv
Dec .*.
587
547
547
592
253
197
263
168
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
July..
Aug...
Sept..
703
590
683
650
656
689
684
738
667
159
192
179
282
224
309
275
333
283
Fiscal years:
1951-62........
196 3
196 4
196 5
196 6
;
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
c§;
years:
1951-61,,
1962.....
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
197 7
Total
Series E
and H
Other
42,004
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
33,189
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
8,815
139
140
118
104
79
25
6
_
34,116
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
9,941
175
125
131
111
107
44
13
2
-4
43,899
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
253
197
263
168
1
*
334
350
284
425
334
350
284
425
159
192
175
282
224
309
275
333
282
*
*
4
1
1
544
398
504
368
431
380
544
398
504
368
43a380
409
406
384
409
406
384
Source: Monthly Statement of the Public Debt of the U.S.; Office of Mar
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is
sue price, and redemptions and amounts outstanding at current redemp
tion value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and. J bonds for Series H bonds beginning
January I960; and (3) U.f. savings notes far Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2 / Because there is a normal lag in classifying redemptions, the distri
bution of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
Other
412
260
143
29
9
7
5
5
-1
4
3
1
5J
6/
2/
8/
2/
10/
*
_
_
-
_
_
_
-
_
-
Unclassified
W
73
19
-121
172
99
33
213
il5
-725
-23
67
104
198
_
-218
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
-
_
-
_
-
_
-
_
-
_
-
_
-
-
-
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shewn have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for jV-l/4#
marketable bonds of 1978-83.
Includes exchanges of Series 194s F and G bonds for 4-3/4# marketable
notes of 1964.
,
Includes exchanges of Series 1949 F and G bonds for 4# marketable ‘
bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8# marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G ‘
bonds for 3-7/8#
marketable bonds of 1971 and 4# marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
October 1978
69
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May 1, 1967
through June 30, 1970.
demption
The notes were eligible for purchase
and information on investment yields of savings
notes appear in
the Treasury Bulletins of March 1967 and
■by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974.
The principal terms ,and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
Fiscal years:
1967.................
1968.................
1969.................
1970....... .........
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
Calendar
1967.................
1968............. .
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
1977...............
Months:
1977-Sept...........
Nov......... .
Dec....... .
1978-Jan............
Feb...... .
Mar,,,,,,,,,,,,,
Apr........... .
May.... .......
June...........
Sept...........
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
6
23
1
201
338
347
44
28
29
35
33
22
6
23
*
*
35
111
167
85
69
77
75
45
11
36
*
*
34
105
157
77
58
62
58
32
8
24
_
*
1
6
10
8
11
14
17
13
3
12
_
203
505
742
619
561
519
477
435
413
407
394
5
18
31
31
28
29
39
25
24
23
80
281
366
191
27
28
29
39
25
24
23
*
7
76
154
124
71
74
82
53
42
35
*
7
72
145
116
62
60
66
40
29
23
*
3
8
9
9
13
16
14
13
12
80
354
644
682
584
540
496
453
424
406
393
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
4
2
3
2
2
3
3
3
2
3
2
3
3
3
1
2
1
1
2
2
2
1
2
1
2
2
1
1
1
1
1
1
1
Sales 1/ .
Accrued
discount
1
201
326
323
11
*
*
*
2
-r2
*
*
*
12
25
33
28
29
35
31
80
277
34#
160
-3
*
*
*
*
*
_
-
_
_
-
-
-
24
Source:
Monthly Statement of the Public Debt of the Ifoited States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
1
1
1
1
1
Amount
outstanding
394
394
393
393
393
393
391
390
390
388
388
386
3851
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
* Less than $500,000.
70
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing public debt securities
End of
fiscal year
or month
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
197 7
1977,-Mar.
1977-Aug.
Sept
Oct.
Nov.
Dec.
1978-Jan.
Feb.,
Mar..
Apr.,
May..
June.
July.
Aug...
Total
Federal
securities
outstanding
Held by U.S. Government accounts
Total
outstanding
Nonmarketable
Government
account series
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709.138
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697.629
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155.490
16,007
16,974
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14.619
66,738
76,124
82,740
89,536
101,248
114,921
122,752
129,202
127,409
138.816
680,141
668,216
144,949
15,787
127,106
695,485
709.138
707,693
718,232
729,164
731,821
739,650
747,844
746,431
751,412
758,804
684,081
697.629
696,301
706,973
715,227
14,709
14.619
14,548
14,515
14,430
720,563
728,474
736,929
733,074
740,579
748,002
151,860
155.490
152,194
153,888
154,849
151,480
154,183
152,718
153,563
im
14,403
13,995
13,980
13,977
13,967
13,904
760,203
773,340
749,462
763,404
159,291
163,708
13,901
33,896
135,095
138.816
135,590
137,317
138,363
135,021
138,133
136,682
137,530
143,070
145,126
143,334
147,756
Other
Public
issues
held by
Federal
Reserve
banks
2.071
2.071
2.056
2.056
2.056
2.056
2.056
2.056
2.056
2.056
2.056
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427
104.715 1/
2,05b
2.056
2.056
2.056
2.056
2.056
2.056
2.056
2.056
2.056
2.056
^, 4 3 d
104.715 1 /
94,597
96,477
102,479
2,056
2)056
95,987
97,003
98,450
101,577
103,072
102,826
110,134
108,885
111,739
Interest-bearing public debt securities - Con.
1977....................................
1977-Miar.................................
1977-Aug................................
Oct................................
1978-Jan.................................
Feb................................
Mar...............................
May................................
Aug................................
Agency securities
Matured
public
Held by
debt
Total
U.S. Government
and debt
outstanding
accounts and
bearing no
Total
Marketabley
NonmarkeFederal
table Reserve
interest 2/
banks
Held by private investors
End of
fiscal year
or month
Held by
private
investors
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
427,280
156,006
157,911
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
323,605
56,814
58,231
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
103,675
1,166
1,068
1,016
1,076
963
997
1,067
1,179
1,142
1,211
992
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,934
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,094
2,053
11,403
9,956
9,911
8,724
8,953
9,860
8,757
8,730
9,456
8,204
$,881
433,785
437,423
449,510
456,608
457,899
472,081
475,840
482,634
476,439
478,660
476,782
^5,001
326,674
338,290
343,870
343,019
355,374
358,321
362,695
355,144
356,892
353,660
108,784
110,750
111,220
112,738
114,880
116,707
117,519
119,939
121,295
121,768
123,121
1,093
1,211
1,102
999
3,716
1,032
1,279
1,022
3,515
1,019
1,022
358,255
359,920
123,030
128,035
1,015
1,041
2,095
2,094
2,092
2,085
2,026
2,025
2,022
2,024
2,031
2,034
2,033
2,031
1,705
8,216
8,204
8,198
8,175
8,195
8,201
7,876
7; 869
7,811
7,781
7,748
481,285
487,956
10,312
10,298
10,290
10,260
10,221
10,226
9,898
9,893
9,842
9,814
9,780
9,726
8,894
Note:
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976). Also, adjustments are made
to reflect certain Export-Import Bank borrowing transactions now
7,695
7,189
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
1/ Includes a nonmarketable Federal Reserve special certificate for $2,500.
2/ Adjusted to exclude non-interest-bearing notes issued to the Inter-*
national Monetary Fund to reflect the unified budget concept.
For detail, see Table FD-6.
y
October 1978
71
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. • Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)___________
Noribank investors
Total
privatelyheld
Commer
cial
hanks
2/
1939-Dec...
1946-Feb...
Dec...
1950-June..
Dec...
1951-June..
Dec...
1952-June..
Dec.
1953-June..
Dec...
1954--June..
Dec...
1955-June..
Doc...
1956-June.,
Dec...
1957-June..
Dec..,
1958-June.,
Dec...
1959-June..
Dec...
1960-June.,
Dec..,
1961-June.,
Dec..,
1962-June..
Dec...
1963-June..
Dec...
1964-June..
Dec...
1965-June..
Dec..,
1966-June.,
Dec..,
1967-June.,
Dec..,
1968-June.,
Dec..,
1969-June.,
Dec..,
1970-June.,
Dec..,
1971-June.,
Dec..
1972-June.
Dec..
1973-June.
Dec..
1974-June.
Dec..
1975-June.
Dec..
1976-June.
Dec..
33.4
231.6
208.1
203.3
198.6
193.0
195.0
193.5
198.5
195.4
202.5
198.5
205.6
201.4
205.4
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.5
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65*2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
221.2
217.2
229.1
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.5
60.3
53.2
55.6
69.0
85.1
92.5
103.8
1977-Jan...
Feb...
Mar...
Apr...
May...
June..
July..
Aug...
Sept..
Oct...
Nov...
Dec...
1978-Jan...
Feb...
Mar...
Apr...
May...
June..,
July.,,
Aug.p.
415.7
423.1
428.3
425.7
425.3
421.0
426.5
434.9
438.6
450.6
457.6
461.3
473.1
477.1
483.7
479.5
479.7
477.8
482.3
489.0
102.4
104.4
104.9
104.1
102.6
102.8
100.7
100.4
99.8
99.7
100.6
101.4
100.9
102.2
101.1
100.7
98.4
98.5
97.7
95.8
End of
month
204.5
207.5
205.4
212.3
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
209.6
215.5
204.4
219.5
217.0
226.7
214.0
64.2
Total
20.7
137.9
133.6
137.7
136.7
134.7
133.5
132.4
135.1
136.6
138.9
134.9
136.5
137.9
143.4
139.5
140.9
137.4
137.7
131.9
136.2
142.8
150.4
149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
283.8
305.7
313.3
318.7
323.4
323.6
322.7
318.2
325.8
334.5
338.8
350.9
357.0
359.9
372.2
374.9
382.6
378.8
381.3
379.3
384.6
393.2
Individuals 2J
Savings bonds
Series Other
E and H series 2 /
_
87.1
91.4
96.4
100.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65.0
66.9
69.2
71.6
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.5
.5
.5
.5
.4
.4
.4
101.0
101.5
101.9
102.2
102.7
103.0
103.4
103.7
103.9
104.4
104.9
105.3
106.1
106.6
106.9
107.1
107.7
108.1
108.5
108.9
72.0
72.4
72.8
73.2
73.7
74.0
74.5
74.8
75.2
75.6
76.0
76.3
76.7
77.2
77.6
78.0
78.4
78.7
79.0
79.3
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
•*
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
1
Office of Government Financing in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
1/ Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
1 / Consists of the investment of foreign balances and international
oouroc.
Other
secu
rities
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
21.6
24.0
26.8
28.8
28.6
28.7
28.7
28.6
28.6
28.6
28.4
28.5
28.3
28.4
28.5
28.6
29.0
29.1
28.9
28.7
28.9
29.0
29.0
29.2
Insurance
companies
5.7
24.4
24.9
, 19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
7.1
9.5
10.6
12.7
12.6
12.7
12.5
12.5
12.7
12.8
13.3
14.0
14.3
14.4
14.8
15.1
15.1
15.0
14.9
14.8
14.9
14.7
15.0
15.1
Mutual
sav
ings
banks
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
3.5
4.5
5.4
5.9
6.0
6.1
6.4
6.4
6.3
6.2
6.1
6.2
6.2
6.2
6.1
5.9
5.8
5.8
5.7
5.6
5.6
5.5“
5.6
5.5
Corpora
tions i j
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
13.2
20.2
24.3
27.7
29.7
31.0
29.2
29.2
27.6
24.3
23.5
25.0
23.3
23.2
22.8
22.7
23.4
22.3
20.8
19.9
19.7
19.0
20.0
22.4
State
Foreign
and
and inter
national
local
govern 1/
ments
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
.2
2.4
13.9
14.4
14.7
• 15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
1.9
2.2
3.0
2.9
3.0
3.4
4.0
4.4
4.6
4.6
4.8
5.2
5.9
6.2
6.7
6.5
6.9
5.9
6.9
8.1
9.9
10.1
10.5
10.1
10.9
11.3
12.0
12.6
12.6
12.0
13.1
12.2
13.0
11.6
10.8
11.4
12.9
10.7
12.5
10.3
10.4
14.0
19.8
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
39.3
41.6
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
69.8
78.1
44.8
43.3
44.4
48.4
49.1
47.6
47.9
52.1
53.0
54.0
55.3
55.2
56.7
58.6
61.2
61.2
60.2
62.7
61.7
69.2
80.3
82.3
84.7
86.1
86.0
87.9
90.2
91.9
95.5
101.3
106.7
109.6
112.5
115.4
124.5
120.4
119.7
119.3
120.5
121.2
Other
investors
6/
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
25.5
38.0
38.1
38.9
38.9
41.8
44.3
36.8
38.3
36.4
41.4
41.6
42.6
47.4
46.4
46.1
52.6
51.2
48.6
49.8
53.5
50.0
53.4
50.9
accounts in the United States. Holdings have been adjusted to exclude
issues to the International Monetary Fund and other international
lending organizations to reflect the unified budget concept.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
Preliminary.
Treasury Bulletin
72
TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 1978-----------------------
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
The monthly Treasuiy Survey of Ownership covers securities
issued by the United States Government, Federal agencies, Federally-sponsored agencies, and the District of Columbia. The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions. .The similar proportion for corporations
and for savings and loan associations is 50 percent, and for
State and local governments, 40 percent. Data were first pub
lished far banks and insurance companies in the May 1941 Treas
ury Bulletin, for corporations and savings and loan associa
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate
pension trust funds are published quarterly, first appearing in
the March 1954 Bulletin.
Table TSO-1.-Summary of Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Classification
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
5,468
commer
cial
banks
Z/
485,557
277,847
125,637
149,811
359,919
128,035
70,817
3,789
3,537
8,315
4,369
9,776
13,132
6,262
239,922
128,035
763,404
275,449
487,955
70,817
3,789
3,537
8,315
4,369
9,776
13,132
6,262
367,957
1,041
-
1,041
-
-
-
-
-
-
-
-
1,041
764,446
275,449
488,996
70,817
3,789
3,537
8,315
4,369
9,776
13,132
6,262
368,998
Insurance
464
mutual i
savings
289
banks
life
2/
companies
439 fire,
casualty,
and
marine
State and local
485
governments
savings
435
and loan corpo
183
310
associa rations
general pension
tions
and re
funds
tirement
funds
All
other
private
inves
tors 2 /
Public debt issues:
ddrt.ggcugitfeg:
Marketable...............
Nonmarketable i j .........
Total interest-bearing
public debt securities...
■Matvrqd d$fek and debi,
feaactof?,
.......
Total public debt
securities............ ..
t t e m e a t . agency jssu,eg,:
Regular issues....... .
Participation
certieiates £/..........
Total Government agency
securities covered in
Treasury Survey....... .
Nonsurveyed Government
agency securities....... .
Total Government agency
securities &/............
Total Federal securities....
Footnotes at end of Table TSO-5.
3,721
247
3,474
571
168
88
26
83
59
207
253
2,019
3,416
1,351
2,065
525
195
87
112
269
133
101
307
336
7,137
1,597
5,540
1,096
363
175
138
352
192
308
560
2,355
1,757
107
1,649
8,894
1,705
7,189
773,340
277,154
496,185
October 1978
73
TRRASTTRV SURVEY OF OWNERSHIP AUGUST 31, 1978
_
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - In millions of dollars)
Held by investors covered in Treasury Surve f
Insurance companies
State and local
governments
485
464
mutual
439 fire, savings 435
183
savings
and loan corpo 310
289
pension
casualty, associa rations
banks
and
and re
life
general
tions
2/
funds
tirement
marine
funds
Total
amount
outstand
ing 1 /
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,468
commer
cial
banks
2J
Treasury notes..... .............
Treasury bonds...................
160,615
268,531
56,410
45,896
57,909
21,832
570
6,503
1,242
374
3,761
235
2,265
6,789
722
485,557
125,637
206
3,218
364
3,789
173
1,050
2,315
Total...........................
5,906
61,718
3,193
70,817
3,537
8,315
4,369
9,776
224,604
170,656
53,170
11,146
11,947
14,035
485,557
59,439
35,201
17,774
2,575
5,233
5,415
125,637
19,469
a , 542
7,644
846
286
1,030
70,817
877
2,109
570
104
107
23
3,789
622
1,014
687
701
190
324
3,537
1,391
3,784
2,372
333
168
268
1,743
2,447
124
38
8
10
8,315
4,369
4,236
4,798
389
110
67
176
9,776
222,329
171,890
49,274
14,342
2,265
25,457
58,817
35,428
15,671
4,289
912
10,521
860
2,115
551
127
7
128
304
1,281
588
801
66
496
1,320
3,837
2,281
408
42
428
1,713
2,470
113
48
10
16
485,557
125,637
19,334
41,594
7,630
845
105
1,309
70,817
3,789
3,537
8,315
4,369
Classification
Held by
all
other
inves
tors 2 /
By f r m gecTffitty:
Issued by U.S. Government:
By..mbBrto
Call classes (due or first
becoming callable):
Within 1 year..................
1 to 5 years....................
5 to 10 years....................
10 to 15 years...................
20 years and over................
Total...........................
Maturity classes (final
maturity):
Within 1 year....................
1 to 5 years.....................
5 to 10 years....................
10 to 15 years...................
15 to 20 years...................
20 years and over................
Total...........................
4,212
4,819
376
66
93
210
9,776
5,163
6,538
1,431.
13,132
7,442
4,206
725
338
257
165
13,132
7,298
4,281
664
435
62
392
13,132
1,003
1,710
3,549—
6,262
99,060
119,336
21,527
239,922
1,135
853
870
588
935
1,880
6,262
128,251
74,703
22,014
5,514
4,695
4,744
239,922
1,093
869
857
602
34
2,807
6,262
127,377
75,195
20,543
6,721
934
9,152
239,922
Footnotes at end of Table TSO-5.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual
maturing:
Sept.
1978.....................
1978......
Oct.
Nov.
1978......
Dec.
1978......
Jan.
1979......
Feb.
1979......
Mar.
1979......
Apr.
1979......
May
1979......
June
1979......
July
1979......
Aug.
1979......
Total Treasury Bills.....
Treasury '
Sept.
1978-R......
6-1/4#
5-7/8
Oct.
1978-S......
Nov.
1978-T......
5-3/4
6
Nov.
1978-B......
Dec.
1978-U......
5- i A
8-1/8
Dec.
1978-H......
5-7/8
Jan.
1979-L......
7
Feb.
1979-H......
5-7/8
Feb.
1979-M......
6
Mar.
1979-N......
5-7/8
Aprv.
1979-P......
1979-D......
7-7/8
May
6-1/8
May
1979-Q......
June
1979-E......
7-3/4
Footnotes at end of Table TS0-5.
Total
amount
outstand
ing 1/
State and local
485
crnv&rmmem+.tt
savings 435
and loan corpo
183
rations
associa
439 fire>
310
pension
casualty, tions
general and re
and
funds tirement
marine
funds
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,468
commer
cial
banks
25,665
25,990
32,228
17,458
16,927
17,067
6,724
3,346
5,503
2,784
3,380
3,544
160,615
6,446
7,570
9,036
5,712
4,862
4,245
2,059
1,072
2,005
973
997
919
45,896
386
451
942
450
954
686
302
245
397
180
447
466
5,906
13
17
28
10
19
11
24
20
11
9
23
19
206
3,195
2,921
2,941
8,207
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
1,782
563
198
265
3,622
532
232
146
1,738
373
604
164
529
239
162
727
734
659
1,197
417
792
817
976
655
832
472
720
464
675
38
67
29
43
34
40
28
34
40
34
15
29
23
64
2J
464
mutual
savings
banks
2/
289
life
12
78
16
8
9
15
3
5
10
15
2
173
1
6
39
3
8
2
41
*
1
_
1
_
5
65
97
122
65
50
28
43
31
16
19
20
12
570
30
21
47
47
31
42
57
15
19
6
29
31
374
524
380
328
99
165
285
46
39
154
62
144
39
2,265
990
847
1,029
543
172
203
147
398
245
63
447
80
5,163
34
27
42
114
34
32
13
49
35
44
4
38
9
33
95
55
90
107
120
31
79
56
57
52
62
20
42
47
13
108
73
36
321
61
116
6
136
57
71
12
137
11
163
123
146
282
113
20
207
62
118
170
98
51
61
26
309
315
311
18
9
2
4
2
12
_
7
16
1,003
5
*
20
3
2
2
16
3
11
*
2
3
9
Held by
all
other
inves
tors y
16,889
16,212
20,367
10,507
10,657
21,551
4,039
1,520
2,634
1,457
1,267
1,962
99,060
1,559
1,607
1,632
2,748
1,800
1,299
1,443
1,714
1,427
1,713
1,104
869
1,110
750
74
Treasury Bulletin
—
TREASURY SURVEY OF OWNERSHIP, AUGUST 31,
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par value - In millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Notes ; — (Continued)
6-1/8#
June
1979-R.......
July
6-1/4
Aug.
6-1/4
Aug.
6-7/8
6-5/8
Aug.
8-1/2
Sept.
6-5/8
Sept.
Oct.
7-1/4
Nov.
6-1/4
6-5/8
Nov.
7 ,
Nov.
7-1/8
Nov.
7-1/2
Dec.
7-1/8
Dec.
1979-X......
7-1/2
Jan.
6-1/2
Feb.
7-5/8
Feb.
Mar.
7-1/2
Apr.
7-3/4
May
6-7/8
8
May
7-5/8
June
June
8-1/4
8-1/2
July
Aug.
6-3/4
Aug.
9
8-3/8
Aug.
6-7/8
Sept.
7-1/8
Nov.
5-7/8
Dec.
Feb.
7
Feb.
7-3/8
6^7/8
Mar.
May
7-3/8
May
1981-M.......
7-1/2
June
6-3/4
7-5/8
Aug.
8-3/8
Aug.
Sept.
6-3/4
7
Nov.
Nov.
7-3/4
Dec.
7-1/4
6-1/8
Feb.
7-7/8
Mar.
May
7
8
May
1982-A.......
June
8-1/4
8-1/8
Aug.
7-7/8
Nov.
7-1/8
Nov.
8
Feb.
7-7/8
Mar.
7
Nov.
Feb.
1984-A.......
7-1/4
Aug.
7-1/4
8
Feb.
1985-A.......
8-1/4
Aug.
7-7/8
May
8
Aug.
Nov.
7-5/8
May
1988-A......
8-1/4
Exchange Series.....
Total Treasury Notes.
Treasury Bonds
May
1975-85......
4-lM
June
1978-83......
3-1/4
Feb.
4 ,
3-1/2
Nov.
7
Aug.
Feb.
6-3/8
Aug.
6-3/8
May
3-1/4
6-1/8
Nov.
Aug.
1987-92......
4-1/4
Feb.
1988-93......
4
7-1/2
Aug.
1988-93......
May
4-1/8
1989-94......
Feb.
3-1/2
May
8-1/4
Aug.
7-1/4
Feb.
6-3/4
7-7/8
Feb.
7
May
1993-98......
8-5/8
Aug.
May
8-1/2
1994-99.....
Feb.
3
Feb.
7-7/8
1995-2000....
Aug.
1995-2000....
8-3/8
8
1996-2001....
Aug.
3-1/2
Nov.
May
2000-05.....
8-1/4
Feb.
7-5/8
2002-07.....
7-7/8
Nov.
2002-07.....
Aug.
2003-08.....
8-3/8
Total Treasury Bonds.
Total Marketable Public Debt
Securities.......................
Footnotes at end of Table TSO-5.
Total
amount
outstand
ing
2,308
3,180
4,559
2,989
3,481
2,081
3,861
4,334
3,376
1,604
2,241
4,791
2,006
3,920
3,875
4,608
3,820
6,076
3,180
7,265
3,099
2,185
4,407
4,164
4,133
4,296
3,520
2,141
4,600
2,692
1,842
4,796
2,809
2,020
3,893
2,514
2,586
4,107
2,968
2,543
4,477
3,452
2,697
2,853
2,613
2,747
2,594
2,918
2,902
2,737
7,958
2,573
2,309
8,438
2,863
4,203
4,836
5,219
9,515
2,387
4,148
28
268,531
1,042
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
289
164
1,819
877
405
235
367
324
263
1,138
436
390
136
394
370
1,461
271
702
444
5,544
177
302
824
578
649
2,695
200
153
689
46
574
1,037
180
192
1,045
70
301
1,401
106
114
1,888
126
64
276
58
1,452
91
1,141
756
228
2,201
91
95
3,877
376
1,455
1,629
1,061
2,009
621
1,683
-
57,909
,
5,468
commer
cial
banks
2/
367
689
606
811
817
562
845
1,076
1,052
115
575
1,158
642
948
1,194
1,396
1,122
1,804
888
565
514
640
679
805
1,111
412
551
963
946
974
468
1,514
897
659
1,075
712
1,091
896
843
1,022
997
1,151
944
1,345
735
367
792
464
716
738
1,112
867
644
1,021
642
926
849
547
1,755
447
511
10
61,718
Insurance companies
mutual
savings
banka
2/
13
29
23
28
43
46
35
36
71
4
28
44
38
17
33
72
34
59
15
35
15
38
17
23
58
8
8
45
38
39
20
147
32
64
40
33
81
16
27
68
102
28
125
22
53
49
24
44
60
30
96
30
40
72
31
19
22
102
178
30
23
1
3,218
10
7
18
18
1
23
10
7
6
23
2
4
*
22
34
19
10
2
5
11
5
2
71
22
7
8
2
8
289
life
1
19
2
3
9
5
11
12
1
3
25
5
17
13
8
1
13
1
5
13
8
13
3
5
1
_
3
8
15
12
28
13
15
3
6
7
*
14
14
13
5
33
4
12
5
*
12
17
32
43
1
13
60
85
23
5
107
81
43
13
2
1,050
37
36
62
54
56
74
11
71
74
30
94
77
69
36
20
46
32
89
11
78
34
94
44
9
37
46
8
49
93
97
87
125
80
130
28
46
94
5
52
114
154
112
134
48
112
71
57
116
188
94
309
82
154
474
319
64
92
555
259
133
136
5
6,503
17
53
76
53
4
84
31
39
9
89
4
15
30
63
84
50
6
43
3
55
27
8
53
58
22
18
26
134
66
25
1,242
6
1
2
2
235
8,315
4,369
-
1,234
2,494
1,752
807
2,702
2*353
745
1,216
2,844
180
1,914
1,049
2,757
1,247
1,504
627
1,501
692
1,768
2,414
524
2,771
4,662
1,575
1,942
4,246
4,249
1,495
2,102
56,410
395
227
929
619
408
1,063
1,400
185
884
1,128
53
1,318
456
893
407
93
209
121
328
67
1,652
128
581
2,063
810
714
2,178
1,557
267
698
21,832
93
3,193
5
364
49
267
160
323
15
27
15
82
12
101
41
7
30
464
35
104
20
7
18
22
10
18
89
58
15
126
20
158
11
9
2,315
485,557
125,637
70,817
3,789
3,537
83
52
85
55
50
404
124
25
56
57/
2
38
7
80
47
198
57
234
92
133
61
7
102
64
52
14
145
375
402
_
485
savings
439 fire, and loan
casualty, associa
and
tions
marine
134
117
50
41
83
18
47
39
136
6
22
46
48
63
94
52
61
97
51
25
20
23
42
49
78
1
108
48
43
171
28
64
29
27
38
73
23
40
51
80
34
28
172
42
92
12
37
3
9
20
18
34
30
3
2
1
1
4
34
_
6
1
3,761
7
23
55
38
*
12
5
19
1
13
5
_
6
17
2
5
6
2
1
2
3
2
_
State and local
crnvAmmant.a
435
183
corpo 310
rations general pension
and re
funds
tirement
funds
Held by
all
other
inves
tors 2 /
1,236
1,711
1,895
954
1,745
1,079
2,192
2,401
1,416
259
943
2,576
996
2,017
1,823
1,276
1,929
2,748
1,621
954
2,172
993
2,537
2,138
1,954
1,096
2,557
791
2,519
1,025
594
1,655
1,378
829
1,466
1,296
901
1,703
1,644
976
1,210
1,779
1,006
928
61
97
58
51
*
6,538
1
2
2
5
6
28
2
14
2
21
4
2
*
21
21
34
24
12
8
1
20
4
15
120
1
5
25
8
5
2
2
34
11
15
17
4
14
18
1
33
17
18
4
17
10
12
3
59
67
1
42
1
19
66
9
21
*
107
145
326
127
2
1,710
765
1,561
1,014
1,057
1,510
4,054
1,342
1,262
2,735
1,383
1,614
2,051
2,670
4,854
719
1,623
6
119,336
49
722
69
75
135
102
8
32
78
24
18
105
18
6
18
117
27
55
13
89
15
4
26
30
95
101
5
73
17
54
17
5
1,431
25
15
21
25
*
8
1
10
*
21
1
17
9
55
70
232
26
108
15
72
87
9
177
532
131
1
629
761
286
203
3,549
382
491
755
486
320
1,035
668
355
227
1,298
53
502
463
1,030
527
744
272
895
183
1,400
542
288
1,594
1,747
525
982
1,202
1,100
444
1,017
21,527
9,776
13,132
6,262
239,922
151
234
21
155
228
6
106
216
182
12
118
268
6
188
136
210
171
418
81
20
40
25
149
122
190
14
3
50
120
194
30
111
93
5
100
165
33
27
178
68
20
132
145
128
76
1
2
2
1
1
42
85
11
68
2
21
124
3
102
8
9
7
6,789
3
21
259
32
*
14
22
*
3
9
1
7
30
15
16
4
8
4
30
3
4
33
8
14
8
*
26
101
77
197
62
63
95
24
249
147
168
19
18
205
67
219
172
53
175
134
60
39
96
60
85
317
51
18
60
32
138
129
25
81
97
83
82
109
43
1
53
39
43
107
54
30
42
14
36
58
31
80
41
25
41
54
15
52
-
1,420
75
October 1978
___ TREASURY SURVEY OF OWNERSHIP, AUGUST 31, 1978________
Table TSO-4. - Securities Issued by Government Agencies—C ontinued
(Par values - in millions of dollars^
Held by investors covered in Treasury Survey
Total
amount
outstand
ing
Issue
ExDort-Inroort Bank:
Issues to State & Local Govts......
Total.............................
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,468
commer
cial
banks
2/
900
143
250
1,293
66
471
-
-
16
81
603
U.S. Postal Service:
Tennessee Valley Authority:
289
life
435
183
corpo
310 „ pension
rations general and re
funds
tirement
funds
26
59
14
40
113
260
13
-
*
6
374
102
264
132
94
293
223
11
2
1
-
4
35
128
117
44
15
24
-
19
185
1,371
363
175
138
352
192
308
560
2,355
-
-
4
45
59
73
544
7
27
4
26
10
1
14
5
51
144
35
14
12
5
3,166
1,335
452
188
83
250
37
16
16
49
1,096
”
7,137
1,597
Held by
all
other
inves
tors 2/
41
143
7
192
22
1,825
Total Government Agency Securities
485
savings
439 fire, and
loan
casualty, associaand
tions
marine
20
Federal Housiner Administration:
Government National Mortgage
Association;
Participation Certificates.... .
State and local
governments
Insurance companies
464
mutual
savings
banks
2/
-
-
-
146
-
-
Footnotes at end of Table TSC-5.
Table TSO-5. - Securities Issued by Government-Sponsored Agencies,
Farmers Home Administration and the District of Columbia
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
governments
Insurance companies
5,468
commer
cial
banks
2J
464
mutual
savings
banks
2/
485
savings
439 fire, and loan
casualty, associa
and
tions
marine
289
life
435
183
corpo
310
pension
rations general and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
Banks for Cooperatives:
Debentures...........
4,570
90
821
108
14
54
151
66
353
62
2,852
Farm Credit Bank:
Discount Notes..
Consolid. Bonds
2,521
1,641
371
252
44
28
13
12
2
26
31
76
118
1
109
79
12
5
32
1,816
1,133
Farmers Home Administration:
Insured Notes...... ......
3,003
196
229
224
61
130
219
426
766
2,780
21,580
292
4,720
27
719
2
137
5
273
172
1,311
5
234
52
1,599
13
2,238
466
2,207
9,881
197
135
142
28
731
30
190
418
66
Federal Home Loan Banks:
Discount Notes................
Bonds.........................
FHIMC Mtg. Backed Certificates
& Bonds 8/ ...................
Issues to State and Local
Govts 7/8/..................
5
1,937
356
356
Total...........................
26,653
2,243
5,209
882
282
305
2,213
270
2,197
897
12,154
Federal Intermediate Credit Banks:
Debentures.... .................
11,482
506
1,931
285
25
132
472
111
552
79
7,389
Federal Land Banks:
Bonds............
20,198
1,386
4,036
553
74
339
774
169
605
486
11,776
4,716
30,900
870
5,542
186
79
412
8
129
230
1
112
3
250
1,296
62
3
437
1,876
74
1
542
120
98
14
53
104
9
49
1,192
1,160
200
38
3,022
147
59
2
2,689
16,895
554
3
37,518
3,266
6,712
1,384
473
1,612
361
2,930
471
20,142
7,766
20,082
3,518
1,403
5,462
1,098
6,977
2,464
58,037
Federal National Mortgage
Association:
Discount Notes....................
Debentures........................
Capital Debentures................
Mtg Backed Bonds................ .
Issues to State and Local Govts 7 /.
Total.
District of Columbia:
Stadium Bonds.......
Securities Covered in Survey.,
542
2
330
18
20
107,605
1/ Securities issued by the Treasury and Government agencies that
are classified as debt under the new unified budget concept.
For debt subject to limitation, see Table FD-9.
2/ Includes trust departments.
_2/ Included with all other investors are those banks, insurance
companies, savings and loan associations, corporations, and
State and local government funds not reporting in the Treasury
Survey. Also included are certain Government deposit accounts
and Government-sponsored agencies.
L j Data on the holdings of nanmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
802
j5/ Includes Export-Import Bank and Government National Mortgage
Association participation certificates.
6/ Includes matured securities outstanding on which interest has
ceased.
7/ Direct (mortgage-backed bonds) placements with State and local
governments with various interest rates and maturity dates.
8/ Obligation of the Federal Heme Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation
is held by the twelve Federal Home Loan Banks.
* Less than $500,000.
76
Treasury Bulletin
M ARKET
QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 29, 1978 _ _ _ _ _ _ _ _ _
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 securities
listed
rities
issued
States
include all regularly quoted public marketable secuissued by the United States Treasury. Securities
by Federal agencies and guaranteed by the United
Government are excluded.
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
$2,304
2,306
2,298
2,304
2,303
2,308
2,301
2,301
2,302
2,209
2,309
2,204
2,303
26-week
$3,406
3,402
3,401
3,406
3,504
3,403
3,405
3,407
3,407
3,403
3,410
3,404
3,403
3,403
3,406
3,410
3,503
3,503
3,504
3,403
Bank discount
Issue date
26-week
13-week
7/06/78
7/13/78
7/20/78
7/27/78
8/03/78
8/10/78
8/17/78
8/24/78
8/31/78
9/07/78
9/14/78
9/21/78
9/28/78
3,404
3,404
3,408
3,395
3,403
3,400
Maturity
date
Bid
Change from
last month
4/06/78
4/L3/78
4/20/78
4/27/78
5/04/78
5/11/78
5/18/78
5/25/78
6/01/78
6/08/78
6/15/78
ti/22/78
6/29/78
7/06/78
7/13/78
7/20/78
7/27/78
8/03/78
8/L0/78
8/17/78
10/05/78
10/L2/78
10/19/78
10/26/78
11/02/78
11/09/78
11/16/78
11/24/78
11/30/78
12/07/78
8.15#
8.15
8.14
8.14
8.05
+.53#
+.54
+.53
+.55
+.45
8.04
8.01
8.07
8.08
8.07
+.49
+.52
+.54
+.52
12A4/78
12/21/78
12/28/78
1/04/79
1/11/79
1/18/79
1/25/79
2/01/79
2/08/79
2A5/79
8.05
8.04
7.98
8.18
8.22
8.12
8.19
8.28
8.28
8.28
8/24/78
8/31/78
9/07/78
9/14/78
9/21/78
9/28/78
2/22/79
3/01/79
3/08/79
3/15/79
3/22/79
3/29/79
8.28
8.32
8.33
8.33
8.32
Amount
outstanding
(millions)
52-week
$3,162
3,587
3,838
3,205
3j253
3,321
3,346
3,025
2,478
2,784
3,380
3,544
3,353
+.46
+.52
+.52
+.53
Bank discount
Issue
date
52-week
10/18/77
11/15/77
12/13/77
1/10/78
2/07/78
3/07/78
4/04/78
5/02/78
5/30/78
6/27/78
7/25/78
8/22/78
9/19/78
Maturity
date
Bid
10/17/78
11/14/78
12/12/78
1/09/79
2/06/79
3/06/79
4/03/79
5/01/79
5/29/79
6/26/79
7/24/79
8/21/79
9/18/79
8.15#
8.04
8.08
8.21
8.30
8.36
8.37
8.37
8.36
8.28
8.28
8.24
8.17
Change from
last month
+.55#
+.43
+.55
+.56
+.60
+.67
+.63
+.60
+ .54
+.40
+.38
+.37
—
+.64
+.69
+.55
+.63
+.67
+.66
+.68
+.59
+.64
—
—
—
8.31
Table MQ-2. - Treasury Notes
(Price decimals are 32ds)
Amount
outstanding
(millions)
$2,921
8,207
2,941
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
2,308
1,782
3,180
Yield
Price
Description
4,559
2,989
3,481
3,861
2,081
5-7/8#
6
5-3/4
5-1/4
8-1/8
5-7/8
7
5-7/8
6
5-7/8
7-7/8
6-1/8
6-1/8
7-3/4
6-1/4
6-1/4
6-7/8
6-5/8
6-5/8
8-1/2
4,334
3,376
1,604
2,2a
4,791
3,920
2,006
3,875
4,608
3,820
6,076
3,180
7,265
7-1/4
6-1/4
6-5/8
7
7-1/8
7-1/8
7-1/2
7-1/2
6-1/2
7-5/8
7-1/2
7-3/4
6-7/8
_
_
_
_
_
-
-
-
“
Footnotes at end of Table MQ-3.
10/31/78-S
11/15/78-B
11/30/78-T
12/31/78-U
12/31/78-H
1/31/7^-L
2/15/79-H
2/28/79-M
3/31/79-N
4/3O/79-P
5A5/79-D
5/31/79-Q
6/30/79-R
6/30/79-E
7/31/79-s
8/15/79-A
8/15/79-J
8/31/7^-T
9/30/79-U
9/30/79-F
IO/3I/79-V
ll/15/79-K
11/15/79-B
ll/15/79-C
11/30/79-W
I2/3I/79-X
12/31/79-G
1/31/80-K
2/15/80-G
2/29/80-L
3/31/80-C
4/30/8Q-N
5A5/80-A
Change
from last
month
To
maturity
9.24#
8.97
8.92
9.18
8.86
8.92
99.14
98.07
98.01
99.05
97.30
97.28
98.13
98.03
97.30
99.24
98.13
97.09
97.21
98.02
98.04
98.00
98.16
98.13
97.02
98.16
+.04
+.03
+.04
+.01
-.05
-.01
-.04
-.02
-.04
-.03
-.10
-.05
-.06
-.14
-.06
-.05
-.05
-.05
-.06
-.16
-.08
-.07
-.14
-.07
-.09
-.09
-.10
-.11
-.10
-.10
98.07
98.16
97.08
-.11
-.14
-.11
Bid
99.23
99.20
99.15
99.01
99.25
99.00
99.10
98.25
98.20
98.11
8.84
8.90
8.90
8.87
8.82
8.95
8.91
8.94
8.88
8.84
8.81
8.84
8.84
8.77
8.83
8.85
8.87
8.85
8.86
Price range since first traded 1/
Change
from last
month
+1.00#
+.78
+.57
+.88
+.65
+.66
+.58
+.61
+.65
+.53
+.57
+.54
+.52
+.67
+ .46
+.40
+.34
+.35
+.36
+.52
+.34
+.38
+.55
+.32
+.36
8.85
8.80
8.79
8.82
8.78
+.33
+.34
+.33
+.36
+.29
8.80
8.79
8.73
+.31
+.34
+.31
Issue
date
High
Price
11/01/76
11/15/71
11/30/76
12/31/76
10/22/75
2/03/77
2/17/76
2/28/77
3/31/77
5/02/77
11/06/74
5/31/77
6/30/77
7/09/75
8/01/77
8/15/72
8 A 6/76
8/31/77
9/30/77
9/04/75
10/31/77
11/15/76
2/15/73
11/15/73
11/30/77
1/03/78
1/06/76
1/31/78
2/15/77
2/28/78
3/17/76
5/01/78
5A5/73
Low
Date
99.25
105.04
100.02
97.23
100.06
12A0/76
12/03/76
12/10/76
12/27/76
12/03/76
4A4/77
12/02/76
4/14/77
4/14/77
4/20/77
12/02/76
6/28/77
6/28/77
12/03/76
7/26/77
12A0/76
12/10/76
9/06/77
9/29/77
12/02/76
11/29/77
12A0/76
12/10/76
12/10/76
11/30/77
1/04/78
12/02/76
2/01/78
8/09/78
3/22/78
105.04
99.29
103.12
12/02/76
4/25/78
12A0/76
101.01
101.08
100.28
99.27
105.08
100.09
103.09
100.11
100.18
99.28
105.10
100.06
100.04
105.08
99.30
101.23
103.09
100.07
99.22
107.18
100.09
101.28
102.26
103.22
100.01
Price
98.25
90.10
98.17
97.27
99.24
98.12
98.23
98.09
98.08
98.02
98.04
98.04
97.28
97.16
97.27
90.04
98.11
98.00
97.27
90.23
98.12
97.06
91.02
92.16
98.03
97.29
98.16
98.11
97.00
98.13
98.06
98.15
91.16
Date
10/18/77
8/23/74
10/19/77
10A8/77
9/28/78
1/10/78
3/04/76
1/L2/78
1/11/78
1/12/78
9/15/75
7/10/78
6/26/78
9/15/75
6/26/78
8/23/74
7/21/78
7/21/78
7/13/78
9/16/75
9/28/78
7/24/78
8/23/74
8/23/74
9/28/78
9/25/78
9/29/78
9/27/78
9/27/78
9/26/78
9/28/78
9/28/78
8/23/74
October 1978
77
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 29, 1978
Table MQ-2. - Treasury Notes—Continued
(Price decimals are 32ds)
Price
Amount
outstanding
(millions)
$3,099
2,185
4,407
4,164
4,133
4,296
3,544
2,141
3,866
4,600
2,692
1,842
4,796
2,809
2,020
3,893
2,514
2,589
4,110
2,968
2,543
4,477
3,452
2?697
2,853
2,613
2,747
2,594
2,918
2,501
2,737
2,902
7,958
2,573
2,309
8,438
2,863
4,203
4,838
5,219
9,515
2,387
4,148
2
1
2
3
•*
14
*
1
*
*
Description
8#
7-5/8
8-1/4
8-1/2
6-3/4
9
8-3/8
6-7/8
8-5/8
7-1/8
5-7/8
7
7-3/8
6-7/8
7-3/8
7-1/2
6-3/4
7-5/8
8-3/8
6-3/4
7
7-3/4
7-1/4
6=i/8
7-7/8
7
8
8-1/4
8-1/8
8-3/8
7-1/8
7-7/8
8
7-7/8
7
7-1/4
7-1/4
8
8-1/4
7-7/8
8
7-5/8
8-1/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
_
_
-
_
_
_
_
_
_
_
_
-
_
_
_
-
_
_
_
-
5/31/80-P
6/30/80-D
6/30/80-Q
7/31/80-R
8/15/80-H
8/15/80-B
8/31/80-S
9/30/80-E
9/30/80-T
11/15/80-J
12/31/80-F
2/15/81-A
2/L5/81-C
3/31/81-H
5/15/81-D
5A5/81-M
6/30/81-J
9/30/81-K
11/15/81-G
11/15/81-B
12/31/81-L
2/15/82-D
3/31/82-G
5/15/82-E
5/15/82-A
6/30/82-H
8/15/82-B
9/30/82-J
11/15/82-F
11/L5/82-C
2/15/83-A
5/15/83-C
11/15/83-B
2/15/84-A
8/15/84-B
2/15/85-A
8/15/85-B
5/15/86-A
8/15/86-B
11/15/87-A
5/15/88-A
4/1/79-EA
10/l/79-E0
4/1/80-EA
10/1/80-E0
4/1/81-EA
10/1/81-E0
4/1/82-EA
10A/82-E0
4/1/83-EA
10/1/83-E0
Footnotes at end of Table M3,-3.
Bid
99.00
98.13
99.08
99.21
96.22
100.22
99.17
96.25
99.27
97.05
94.30
96.22
97.13
96.12
97.13
97.22
95.29
97.28
99.23
95.17
95.28
97.29
96.14
93.25
90?
95.16
98.22
99.12
98.27
99.21
95.12
97.27
98.16
97.30
93.26
94.15
94.16
97.26
98.17
96.08
97.02
94.18
98.02
96.04
92.20
89.30
87.02
84.14
81.24
79.22
76.28
75.18
72.06
Yield
Change
from last
month
-.12
-.09
-.13
-.14
-.08
-.12
-.10
-.13
—
-.08
-.03
-.08
-.11
-.02
-.04
-.10
-.04
-.04
-.09
+.01
-.05
-.11
-.04
-.03
-.07
-.02
-.14
-.02
-.13
-.05
-.01
-.09
-.08
-.03
-.13
-.15
-.11
-.14
-.19
-.25
-.30
-.21
-1.01
+.06
+.06
.00
-.04
-.08
-.10
.00
-.16
+.16
•--
To
maturity
8.66#
8.63
8.72
8.71
8.71
8.59
8.65
8.67
8.71
8.62
8.39
8.57
8.61
8.52
8.50
8.50
8.45
8.47
8.49
8.47
8.53
8.53
8.53
8.28
8.47
8.47
8.43
8.45
8.48
8.48
8.48
8.51
8.42
8.42
8.52
8.56
8.46
8.45
8.54
8.55
8.52
8.49
8.55
9.67
9.42
8.82
8.70
8.55
8.53
8.31
8.44
8.09
8.44
Price range since first trade 1/
Change
from last
month
Issue
date
+.27#
+.22
+.26
+.26
+.23
+.19
+.19
+.29
—
+.18
+.13
+.16
+.20
+.08
+.09
+.16
+.10
+.07
+.11
+.03
+.09
+.15
+.07
+ .08
5/31/78
6/10/76
6/30/78
7/31/78
8/15/77
+.05
+.15
+.03
+.13
+.06
+.03
+.10
+.08
+.03
+.13
+.13
+.09
+.09
+.12
+.14
+.17
+.11
+.16
+.88
+.53
+.40
+.37
+.35
+.33
+.16
+.32
-.04
Hisrh
Price
8/15/74
8/31/78
9/14/76
10/02/78
11A5/77
12/07/76
2/15/74
2A8/75
3/08/77
1/26/76
2/15/78
6/03/77
8/15/7$
9/07/77
10/12/76
11/15/74
12/07/77
1/06/77
3/86/78
4/04/77
5/13/75
6/07/78
8/15/75
9/06/78
10/17/77
11/17/75
2/17/76
4/05/78
11/15/76
2/15/77
8/15/77
2/15/78
8/15/78
5/17/76
8/16/76
11A5/77
5/15/78
4/01/74
10/01/74
4/01/75
10/01/75
4/01/76
10/01/76
4/01/77
10/01/77
4/01/78
10/01/78
Date
99.28
99.09
100.05
100.19
100.07
110.06
99.30
103.19
99.29
99.29
100.11
103.28
105.08
97.00
105.08
6/08/78
5/17/78
8/09/78
8/09/78
9/06/77
12A0/76
8/28/78
12/02/76
9/21/78
11/15/77
12/03/76
11/26/76
12/02/76
5/18/78
12/12/76
98.13
100.30
106.10
100.17
99.25
104.10
106.30
99.24
99.30
106'.07
8/09/78
6/28/77
101.25
108.04
100.07
108.20
100.02
99.15
107.20
100.29
99.29
104.04
101.30
101.00
100.22
99.25
107.20
108.20
99.10
99.24
96.04
92.20
89.30
87.06
84.22
82.26
79.22
77.30
75.18
75.18
W t
9/06/77
11/26/76
12/02/76
12/01/77
12/31/76
T /W 7 %
4/14/77
12/03/76
8/09/78
12A0/76
9/11/78
10/06/77
12/03/76
3/21/78
4A7/78
12/10/76
6/28/77
9/06/77
3/21/78
8/09/78
12/30/76
12/30/76
12/21/77
9/12/78
10/01/78
10/01/78
10/01/78
8/31/78
8/31/78
7/31/77
10/01/78
3/31/78
10/01/78
10/01/78
Low
Price
Date
98.31
98.10
99.06
99.18
96.18
100.20
99.10
96.20
99.25
'96.31
94.02
91.14
95.06
95.29
96.30
97.10
95.10
97.13
99.22
94.27
95.14
96.12
96.01
92.18
9/27/78
9/26/78
9/27/78
9/27/78
9/27/78
9/27/78
9/25/78
7/10/78
9/27/78
7/24/78
7/10/78
8/31/74
9/01/75
7/24/78
7/25/78
7/25/78
7/24/78
7/21/78
9/27/78
7A0/78
7/25/78
9/16/75
7/24/78
7/11/78
7724/73
7/24/78
9/16/75
7/24/78
9/15/75
9/25/78
7/25/78
7/10/78
7/25/78
7/24/78
7/21/78
7/13/78
7/21/78
7/25/78
8/03/78
7/14/78
7/10/78
7/13/78
7/10/78
9/30/74
10/31/74
4/30/75
10/01/76
5/28/76
3/31/77
3/31/77
6/30/78
6/30/78
10/01/78
94.28
97.01
98.28
97.20
99.17
94.23
97.11
97.30
97.07
93.10
93.29
93.26
97.03
97.08
95.14
96.09
93.13
97.06
75.12
73.04
74.10
72.00
74.16
76.20
78.00
76.14
74.06
75.18
78
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER 29, 1978_______________
Table MQ-3. - T reasury Bonds
(Price decimals are 32d's)
Yield
Amount
out
standing
(millions)
Description
Change
from
last
month
To first
call or
maturity
2/
7.97#
+.02
2/L5/80
94.30
.00
11/15/80
7 .7 9 "
91.24
-.02
8.42
8/15/81
96.14
8.50
-.1 0
93.28
2/15/82
+.02
7.82
82.10
6/15/78-83
-.1 6
8.52
90.08
8/15/84
7.76
+.06
77.00
5A5/85
+.02
80.28
8.03
5/15/75-85
8.52
86.06
11/15/86
-.1 4
+.28
77.18
6.29
2/15/90 i/
-1.10
97.30
8.53
5/15/90 3/
1,247
+.16
77.18
6.77
8/15/87-92
2,832
8.61
-1.23
8/15/92 3/
89.03
1.504
77.20
-.0 4
6.41
180
2/15/88-93
86.02
-.22
627
8.44
2/15/93 3/
6-3/4
8.61
-1.30
7-7/8
1,501
93.31
2/15/93 1/
-.3 0
8.57
7-1/2
91.04
8/15/88-93
1,914
8.63
-1.29
8-5/8
1,768
99.31
8/15/93 i/
99.28
8.64
8-5/8
11/15/93 2/
1.504
+.18
6.38
77.28
1,046
4-1/8
5/15/89-94 V
5.01
+.16
2/15/95 2/
520
77.24
3
-1.00
87.20
5A5/93-98 i/
8.29
692
7
+.20
5.36
77.10
11/15/98 3/
3-1/2
1,924
8.61
98.30
-1.19
8- 1/2
5/15/94-99 J/
2,414
8.62
92.26
2A5/95-00 i/
7-7/8
2,771
-1.20
8.61
97.22
8/15/95-00 i/
-1.23
4,662
8-3/8
8.62
- 1 .20
93.28
8/15/ 967-01 i/
8
1,575
8.58
-1.23
96.19
5/15/00-05 J/
4,246
6-1/4
1.16
90.06
8.55
2/15/02-07 i/
4,249
7-5?§
7-7/8
93.00
11/15/02-07 i/
8.53
1,495
-1.14
8.61
-1.21
8-3/8
97.15
8/15/03-08 J2/
2,103
1/ Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. ’
’
When issued”prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
$2,494
1,752
807
2,702
1,233
2,353
744
1,041
1,216
2,742
4#
3-1/2
7
6-3/8
3-1/4
6-3/8
3-1/4
4-1/4
6- 1/8
3-1/2
8-1/4
4-1/4
7-1/4
Price range since first traded 1/
Change
from
last
month
High
Issue
date
Price
103.18
97.24
110.02
101.14
111.28
100.10
101.04
81.18
100.20
106.26
Date
5/L2/61
12/29/69
71.04
5/12/61
5/24/70
66.24
11/15/71
93.16
9/18/74
3/09/72
86.16
8/28/74
62.02
5/26/70
8/04/54
12/03/76
87.12
+.14
8/27/74
+.01
5/26/70
5/11/58
61.08
79.12
7/20/78
9/14/78
+.03
11/05/71
+.11
85.04
9/29/74
4/21/58
59.20
5/26/70
-.11
+.18
12/31/76
96.28
7/13/78
111.05
4/07/75
12/26/62
104.10
8/15/62
63.00
5/26/70
-.0 5
99.10
88.12
7/13/78
7/08/77
6/29/77
+.23
62.18
5/26/70
100.11
+.03
1/17/63
1/16/63
99.22
+.10
82.18
1/10/73
8/26/74
1/04/73
99.22
93.08
7/13/78
1/06/78
12/30/77
+.24
89.16
8/26/74
9/28/73
+.13
8/15/73
104.14
7/11/78
7/25/78
9/12/78
102.15
+.23
99.09
99.28
100.00
10/10/78
9/29/78
9/28/78
100.26
61.26
-.0 6
8/28/63
8/26/74
4/18/63
101.12
59.20
5/26/70
6/18/55
2A5/55
-.0 4
99.22
+.12
5/15/73
8/26/74
9/28/73
84.04
10/03/60
5/26/70
59.20
5/12/61
-.0 5
95.14
112.16
97.02
+.16
12/31/76
8/26/74
5A5/74
+.18
91.22
12/31/76
7/13/78
2/18/75
107.04
111.16
12/31/76
+.18
9A6/75
8/15/75
96.04
92.28
8/16/76
7/13/78
108.10
12/31/76
+.17
95.00
+.17
12/31/76
9/15/75
5/15/75
110.24
100.28
7/13/78
88.22
+.15
2/15/77
6/28/77
91.08
11/15/77
7/13/78
11/23/77
100.23
+.14
100.06
8/15/78
9/12/78
9/29/78
+.15
97.15
2/ On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
j/ Included in the average yield of long term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
+.17#
+.16
+.06
+.15
+.06
1/23/59
10/03/60
8/15/71
2/15/72
5/01/53
8/15/72
6/03/58
4/15/60
11/15/71
2/14/58
i
YIELDS OF TREASURY SECURITIES September 29, 1978
©
Based on closing bid quotations
1978
PERCENT
1979
1980
1981
1982
1983
1984
S'
1985
1986
1987
1988
PERCENT
vo
Oo
JO
c
o
>
0
S
§
1
%
%
JT
7.0
a-f b —
T
_8.5
X
7.0
A
w
o
c
»
3
w
8.0
CD
6.5
6.5
GO
H
7.5
6 . 0 ----------------
5.5 —
5.0
LEGEND
x Fixed coupon issues.
■ High coupon issues - 7% and higher fixed maturity issues.
• Callable issues. A High coupon callable issues - plotted
to earliest call date when prices are above par and
to maturity date when prices are at par or below.
% lVz% exchange notes.
+ Bills - coupon equivalent of 3mo., 6mo., and lyr. bills.
6.0
7.0
•
6.5
•
X
6.0
’
88
’
90
’
92
1978
1979
1980
1981
1982
1983
1984
Note:The curve is fitted by eye and based only on the most actively traded issues.
Market yields on coupon issues due in less than 3 months are excluded.
• £>.01
IX
II
5.5
s.;36
>I:
’
98
1985
’
2000
1986
’
02
’
04
1987
’
06
300
’
08
1988
5.0
VO
Treasury Bulletin
80
________________________________ AVERAGE YIELDS OF LONG -TEEM B O N D S
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate New Aa
bonds 2/ municipal
bonds 2 /
Treasury
bonds 1/
Period
Treasury
bonds 1/
New Aa
II Treasury
municipal 1I bonds 1/
bonds 2 / 1
Monthly series - averages of daily or weekly
June............
July............
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
6.57
6.57
6.80
6.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
6.91
6.54
6.69
6.88
7.00
7.28
1969
7.29
7.33
7.76
7.54
7.62
8.04
4.45
4.20
4.30
4.30
4.50
4.63
5.74
5.86
6.05
5.84
5.85
6.05
June............
6.07
6.02
6.32
6.27
6.52
6.81
Period
Treasury
bonds 1/
8.06
8.05
8.36
8.46
8.94
9.22
New Aa
Corporate
bonds 2/
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
New Aa
municipal
bonds 2 /
New Aa
New Aa
corporate municipal
bonds 2/
bonds 2 /
series
6.86
6.44 5/
6.39
6.53
6.94
6.99
1970
9.00
8.84
9.00
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
5 . % 4/
6.I4
6.20
6.11
6.25
6.32
6.57
6.75
6.63
6.59
6.24 5/
5.97
9.09
9.08
9.00
9.14
8.97
8.13
6.22
6.00
6.15
6.25
6.05
5.20
6.53
6.85 4/
6.41
6.25
6.30
6.35
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
7.09 4/
7.02
7.18
7.33 5/
7.30
7.22
6.93
6.77
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
6.68 4/
6.66
8.84
6.77 4/
9.48
9.81
7.05
7.01 U 5/ 9.76
6.86
9.27
9.56
6.89
7.11 4/
9.71
7.28
9.89
7.29
9.54
7.21
9.48
7.17
9.59
1967
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
New Aa
corporate
bonds 7 j
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5.62
5.62
5.67
5.66
5.74
5.64
5.59
5.59 4/
5.59
5.70
5.69
5.51
5.63
Period
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
1972
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
Treasury
bonds 1/
New Aa
corporate
bonds 2/
1973
7.61
7.67
7.75
7.70
7.69
7.73
Treasury
bonds 1/
New Aa
corporate
bonds 2 j
New Aa
municipal
bonds 2 /
1976
8.97
8.71
8.73
8.68
9.00
8.90
6.32
6.17
6.34
5.97
6.38
6.39
4.99
5.11
5.22
5.02
5.04
5.13
6.93
6.92
6.88
6.73
7.01
6.92
7.97
8.45
8.10
7.97
7.95
8.09
197A
8.32
8.21
8.60
9.04
9.39
9.59
5.22
5.40
4.98
4.98
5.14
4.97
6.85
6.82 y
6.70
6.65
6.62
6.3 8
5.19
5.25
5.42
5.61
5.89
5.92
6.68
7.16 y
7.20
7.13
7.17
6.99 U
7.96
8.18
8.33
8.30
8.38
8.08
5.52
5.41
5.59
5.33
5.36
5.32
10.18
10.30
10.44
10.29
9.22
9.47
1975
9.17
6.75
6.55
6.98
7.011/
6.94
7.08
7.16 y
7.24 y
8.12
8.06
8.11
8.21
8.26
8.39
5.33
5.39
5.15
5.28
5.14
5.21
New Aa
muncicpal
bonds 2 /
8.76
8.59
S. 37
8.25
8.17
7.90
6.36
6.01
5.87
5.91
5.97
5.41
2321
6.64
6.33
6.33
6.86
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.79
6.67
6.62
Period
1978
8.70
7,60 5/
8.70
e .70
7.63, "
8.£8
7.74
9.00
7.86
9.13
7.94 4/
9.27
8.10
7.88 4/5/ 8.83
7.82 y
8.78
New Aa
Treasury corporate
bonds 1/ bonds 2/
5.36
5.23
5 25
5*.33
5.75
5.91
5*97.
5.81
5.61
New Aa
municipal
bonds 2 /
e for weeks <
1228
Apr.
May
1/
£/
5.40
7.78
8.78
8.85
8*.91
8.96
5*.10
5.50
9 ....
16____
23
30....
7.92
7.88
7.89
7.96
8.04
Q.06
9.15
9.15
9.13
9.18
n.a.
5.80
5.83
6.09
5.95
7.82
7.87
7.86
7.90
8.98
8.99
8.98
8.98
5.60
5.70
5.75
5.90
July 7 ....
14---21____
28....
8.09
8.13
8.11
8.08
9.25
9.29
9.32
9.22
5.93
6.10
6.05
n.a.
7....
1J •••
21 ___
28....
7.72
f.
5....
12___
19....
26....
7.73
Treasury bond yields are based on a composite of closing bid quota
tions m the over-counter market. Series included bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently m
series, see Table MQ-3.
Treasury series based on reoffering yields of new corporate bonds
rated Aa by MDody's Investors Service and having an original maturity
of at least 20 years. Prior to June 1973, this series reflected
bonds without call protection. From June 1973 to July 1976, the
series was adjusted to reflect 5 years call protection. Since that
11.....
18 ,
25.....
Sept. 1 .....
8
22.....
7.95 4/
7.88
7.94 5/
7.84
9.00
8.79
8.77
8.76
5.75
5.50
5.65
5.90
7.81
7.77
7.73
7.83
7.94 4/
8.72
8.70
5.90
5.68
5.63
5.50
5.6U
8.69
8.80
tf.98
time the series reflects bond yields regardless of the call protection
offered.
2/
Index of new reoffering yields on 20 year general obligations
rated Aa by Moody's Investor Service. Prior to June 1970, the series
was compiled by Securities Industries Association. Since then, the
series has been compiled by Treasury.
4/ One or more new long-term bonds added to the average.
5/ An existing bond dropped from the average.
n.a. Not available
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE,
AND MUNICIPAL BONDS
©
PERCENT
PERCENT
VO
Oo
10.0
10.0
9.0
>
<
8.0
>
O
H
7.0
u
m
O
*4
r
o
2
6.0
?
H
a
w
w
o
5.0
2
d
05
4.0
3.0
1968
1969
1970
1971
1972
1973
1974
1975
1976
* Change in Aa computation method effective June 1973. See footnote following table AY-1.
1977
1978
00
Treasury Bulletin
82
___________ EXCHANGE STABILIZATION FUND___________
Table EFS-1. - Balance as of March 31, 1978 and June 30, 1978
(In thousands of dollars)
April 1, 1978
through
June 30, 1978
March 31., 1978
Assets, Liabilities, and Equity
June 30, 1978
Assets
Current assets:
Cash:
Account of U.S. Treasury (includes undeposited col-
$
Federal Reserve Bank of New York, special account..
783
34,696
$
35,479
2,692,712
2,021,858
Foreign exchange due from foreign banks: 2J
$
(87)
(12,600)
$; (12,687)
111,437
(185,598)
*
97,609
Exchange Translation Receivable (Deutsche Marks) 2 /
Total current assets
Fixed assets:
Building less allowance for depreciation............
Furniture and equipment (includes auto equipment and
leasehold improvements),less allowance for depreeia-
$4,847,658
$
$
$
100
26
696
22,096
$
22,792
”
1,836,260
C.,OUtJ,
*
25,832
28,156
3.273
$4,720,462
25,832
(69,453)
3.273
('127,196)
$
(1)
685
811
$
(71)
(72)
$4,848,469
$
(127,268)
$
95,823
23,103
446,068
$ 564,994
$
(74,328)
(23,103)
15,865
(81,566)
$
309,339
$
$1,250,000
2,836,904
$4,086,904
$
' $
$ 200,000
(312.768)
(112,768)
' $
$
$
$
100
25
614
739
$4,721,201
Liabilities and Eauitv
Current liabilities:
Exchange translation liability - Deutsche marks 2J • ••
Exchange translation liability - Swiss franc notes ij
Total current liabilites.......................
Long term liabilities:
Exchange translation liability - Swiss franc notes 4/
Other liabilities;
Total other liabilities.......................
Equity:
Capital account...... ................ .......... .
Net income floss) (see Table ESF-2).................
Total equity..................................
Total liabilities and equity...................
See footnotes at end of Table ESF-2.
i
$4 , 848,469
$
$
(140,216)
6,554
6,554
87.960
87,960
(127,268)
$
21,495
461,933
483,428
r
$ 169,123
$1,250,000
2,843,458
$ 200,000
(224.808)
(24,808)
$
$4,721,201
October 1978
83
.EXCHANGE STABILIZATION FUND.
.Table ESF-2. - Income and Expense
(In thousands of dollars)
Classification
Profits on:
Gold (including other income and handling charges).
January 31, 1°34
through
March 31, 1978
$
97,402
January 31, 1934
through
June 30, 1978
$
97,402
3,576
Silver..*.......... ..............................
Foreign exchange 5/...»*..........................
April 1, 1978
through
Jtue 30, 1978
3,576
(1,325,922)
Investments....................................
Miscellaneous....................................
63,116
(1,262,806)
1,325
1,325
242
242
Interest on:
Investments......................................
(119,406)
Foreign balances.......... ...... ..............
192,181
Revaluation of SDR holdings and alldcations 6/......
(102,206)
Adjustments for change for valuation of SDR ]/......
46,927
Total income.......................................
29,268
1,065,649
Special drawing rights...........................
$ (140,232)
1,094,917
(1,256)
(120,662)
227
192,408
(102,206)
$
1,680
48,607
93,035
(47,197)
Expense:
Personnel compensation and benefits.
$ 123,315
3,584
126,899
Travel............................
8,769
93
8,862
Transportation of things...........
4,642
15
4,657
Rent, communications, and utilities.
5,968
176
6,144
Supplies and materials.............
1,250
50
1,300
Other.............................
27,760
1,236
Total.............................
Prior year e-xpense.................
Net incomejU-o m ).-*..................
Note: Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quaterly balance sheets
beginning with December 31, 1938 have been published in the Treasury
Bulletin.
1/ Beginning July 1974,the IMF adopted a technique for valuing the SDR based
on a weighted average of exchange rates for the currencies of 16
member countries. The United States SDR holdings and allocations are
valued on this basis beginning July 1974.
2/ Excludes foreign transactions for future and spot delivery.
3/ The Exchange Stabilization Fund entered into a one-year bilateral
currency agreement with the Deutsche Bundesbank on January 4, 1978.
The Exchange translation liability shown is the amount of loss that
the ESF would sustain under the agreement if redemption of the
outstanding $965 million of currency swaps had taken place at the
exchange rate on that date. During the period April 1, 1978 to June
30, 1978, net transactions resulted in swap debt repayment of $499
million. The exchange translation liability on the outstanding $466
million of swap debts remaining as of June 30? 1978 had decreased to
$
171,704
832
$ (312,768)
$
5,154
28,996
$
176,858
(79)
$ 87,960
753
$
U24,»08)
$3 million based on the exchange rate on that date.
4/ The Exchange translation liability shown is the amount of loss that
the Exchange Stabilization Fund would sustain if redemption of the
outstanding $1,035 million Swiss franc-denominated U.S. Treasury notes
had taken place at the exchange rate on that date. During the period
April 1, 1978 to June 30, 1978, $134 million Swiss franc-denominated
notes were redeemed. The Exhange translation liability on the $901
million Swiss franc notes remaining outstanding as of June 30, 1978
had decreased to $631 million based on the exchange on that date.
5/ a. Deutsche Mark Transactions - During the period January 4, 1978 to
""" March 31, 1978 cash losses of $0.2 million were realized. From April
1, 1978 to June 30, 1978 cash losses of $3 million were ^alized.
b. Swiss Franc Note Redemption - During the period ^T^nO&ry 1, 1978 to
March 31, 1978 cash losses of $81 million were realized. From April
1, 1978 to June 30, 1978 cash losses of $85 million were realized.
6/ Revaluations of the SDR holdings and allocations arising from the Par
Value Modification Act, as amended.
* Less than $500.
Treasury Bulletin
84
INTERNATIONAL FINANCIAL STATISTICS.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international Vinaneial position.
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held inths
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents 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
ibo foreign official institutions, and liquid liabilities to
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
1977-sept.........................
1978-Jan.........................
Feb..........................
Mar.........................
Apr.............. ....... .
May.........................
June.........................
July.........................
Aug.........................
1/
2/
2/
y
5/
6/
”
2/
Total
reserve
assets
(1)
15,710
16,964 6/
14,487
12,167 7/
13,151 8/
14,378 9/
15,883
16,226
18,747 I©/
19,312 10/
18,988 10/
19,048 IQ/
19,155 10/
19,312 10/
19,454
19,373
19,192
18,842
18,966
18,864
18,832
18,783
18,850
10/
10/
IQ/
10/
10/
iQ/
10/
10/
10/
Treasury
Total 2/
(2)
10,892
11,859
11,072
10,206
10,487
11,652
11,652
11,599
11,598
11,719
11,658
11,658
11,658
11,719
11,718
11,718
11,718
11,718
11,718
11,706
8/
9/
11,693
11,679'
11,668
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota Increases. For corresponding liabilities see Table
IFS-2.
Includes gold held by the Exchange Stabilization Fund (ESF). See
"Account of the U.S. Treasury," Table UST-3.
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and Federal Reserve System.
The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts related to the United States quota. See Table IFS-5.•
Includes gain of ST68 million resulting from revaluation of the German mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
(3)
10,567
10,367
10,732
10,132
10,410 8/
11,567 9/
11,652
11,599
11,598
11,719
11,595
11,595
11,595
11,719
11,718
11,718
11,718
11,718
11,718
11,706
11,693
11,679
11,668
Special
drawing
rights 2 /
(4)
-
851
1,100
1,958 8/
2,166 9/
2,374
2,335
2,395 10/
2,629 10/
2,489 10/
2,530 10/
2,548 10/
2,629 10/
2,629 10/
2,671 10/
2,693 10/
2,669 10/
2,760 JLQ/
2,804 10/
2,860 10/
2,885 10/
2,942 10/
Convertible
foreign
currencies 4/
(5)
3,528
2,781 6/
629 ~
276 V
241
8
5
80
320
18
65
18
16
18
173
18
80
67
141
84
102
23
26
Reserve
position in
International
Monetary Fund 5/
(6)
1,290
2,324
1,935
585
465 8/
552 19/
1,852
2,212
4,434 10/
4,946 10/
4,776 10/
4,842 10/
4,933 10/
4,946 10/
4,934 10/
4,966 10/
4,701 10/
4,388 10/
4,347 10/
4,270 10/
4,177 10/
4,196 10/
4,21410/
8/ Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock,
?155 million special drawing rights and $33 million reserve position
in the International Monetary Fund.
9/ Total reserve assets include increase of $1,436 million resulting
from change in par value of the dollar on October 18, 1973, consis
ting of f1,165 million total gold stock, *1,157 million Treasury
gold stock, ^2Y? million special drawing rights, and $54 million
reserve position in the International Monetary Fund.
10/ Beginning July 1974, the IMF adopted a technique for valuing the SDP
based an a weighted-average of exchange rates for the currencies of
16 member countries. The United States SDP holdings and reserve
position in the IMF are also valued on this basis beginning July1974 . At valuation used prior to July 1974 fSDP 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U.S. reserve position
U.S. total
_______
JjL tte-IMF__________
reserves
1977- Sept.
Oct.
Nov.
Dec.
1978- Jan.
Feb.
Ifer.
Apr.
May
June
July
Aug.
Sept.
2,581
2,586
2,597
2,610
2,610
2,627
2,627
2,626
2,729
2,729
2,739
2,739
2,770
4,831
4,289
4,906
4,790
4,776
4,766
4,466
4,193
4,175
4,030
3,867
3,849
3,834
19,135
19,091
19,177
19,137
19,277
19,129
18,891
18,604
18,763
18,549
18,401
18,290
18,298
85
October 1978
_ INTERNATIONAL FINANCIAL STATISTICS___
Table IFS-2. - Selected U.S. liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
End of
calendar
year or
month
Total
Liabilities
to IMF
arising from
gold trans
actions 1/
(1)
(2)
1968 2 / ................ f 39,512
\ 39,298
f 46,740
1969 2 / ..............
1 46,899
1970 2 / ................. / 48,017
\ 47,968
1,030
1,030
1,019
1,019
566
566
1971 2/ H / ............. / 68,440
\ 68,567
544
544
1972 2 / ................. / 83,769
\ 83,787
93,642 12/
/
120,417
1974 J2/.................
\^120,325
127,432
152;468
193,806
1977-Aug...............
Sept..............
Oct...............
Nov...............
Dec........... .
1978-Jan...............
Feb...............
Mar...............
Apr.
12/........
May. i .............
June..............
July p............
Aug. p............
167,645
176,124
180,417
186,191
193,806
195,523
198,844
209,000
f 210j 546
\209,783r
205,477r
205,914
208,138
213,305
-
_
_
-
-
_
-
_
-
-
'
Total
Liabil
ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes 2/
(3)
(4)
(5)
17,407
13,659
17,340
13,659
15,975 1£/ 12,559
15,998
12,582
23,786
20,028
20,028
23,775
51,209
39,823
39,162
50,651
61,526
40,093
61,526
40,093
66,861 12/ 44,233
76,816
53,196
76,823
53,203
80,712
50,461
54,956
91,975
65,822
126,031
108,121
111,193
117,042
123,146
126,031
1^9,783
L32,738
L40,657
L37,452
13>,188ar
L35,401r
L35,052
138,520
L40,570
57,800
57,864
60,909
63,532
65,822
67,740
71,709
78,761
77,327
77,063r
75,506r
74,427
76,286
76,320
(6)
529
462
346
346
306
295
1,955
1,955
5,236
5,236
5,701
5,059
5,059
6,671
11,788
32,116
23,088
25,581
28,633
31,518
32,116
33,830
33,554
34,538
32,838
32,838
32,272
32,865
34,158
34,868
Note:
Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Federally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional organ
izations.
1/ Includes liability on gold deposited by the International Monetary
Fund to mitigate the Impact on the U.S. gold stock of foreign pur
chases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Inter
national Monetary Fund to the United States to acquire income-earning
assets.
2 J Includes Bank for International Settlements and European Fund.
^
2 / Derived by applying reported transactions to benchmark data.
y
Excludes notes issued to foreign official nonreserve agencies.
0 / Includes debt securities of U.S. Government corporations, Fed
erally-sponsored agencies, and private corporations.
6/ Includes liabilities payable in dollars to foreign banks, and
liabilities payable in foreign currencies to foreign banks and to
"other foreigners."
2/ Includes marketable U.S. Government bonds and notes held by foreign
banks.
8/ Principally the International Bank for Reconstruction and Development;
Nonmarket
able U.S.
Treasury
bonds and
notes 4/
Liabilities to
other foreigners
Other
readily
market
able
liabil
ities
1/
(7)
3,219
3,219
3,070 U /
3,070
3,452
3,452
_
9,431
9,534
450
15,747
450
15,747
15,564 12/ 1,363
2,222
16,339
2,222
16,339
19,976
3,604
20,648
4,583
7,650
20,443
20,655
21,128
20,351
20,462
20,443
20,473
19,602
19,513
19,444
19,444
19,355
19,284
19,214
20,375
6,578
6,620
7,149
7,634
7,650
7,740
7,873
7,855
7,843
7,843
8,268
8,476
8,862
9,007
Liabil
ities
to
banks
6/
(8)
14,48C
14,480
23,694
23,701
17,303
17,335
10,519
11,206
14,925
14,925
17,985
30,575
30,367
29,881
37,950
43,250
36,450
41,105
39,475
38,705
43,250
41,048
41,425
43,098
47,971
48,462
44,710
«44',827
44,600
47,350
Liabilities
to nonftonetary in
Market
ternationrLiabil
able U.S. al and re
ities
Gov't,
gional or
Total reported bonds
ganizations
by banks and notes
3/
in U.S.
2/2/
(12)
(9)
(11)
(10)
5,093
4,949
4,504
4,629
4,729
4,657
4,194
4,197
5,130
5,130
6,032
8,882
8,991
10,801
13,791
16,494
4,484
4,484
3,979
4,104
4,082
4,092
3,747
3,750
4,705
4,705
5,602
8,384
8,493
10,100
12,814
14,736
15,604
16,082
16,152
16,355
16,494
16,603
16,670
16,866
16,856
16,283
14,048
14,455
14,460
14,587
14,736
17,223
17,390
17,490
18,099
15,150
14,785
14,745
14,919
14,882
14,302
15,242
15,312
15,818
609
465
525
525
647
565
447
447
425
425
430
498
498
701
977
1,758
1,502
1,499
1,548
1,552
1,556
1,627
1,692
1,768
1,758
1,818
1,925
1,948
1,974
1,974
7,470
7,444
7,748
7,985
8,031
8,08°
8,011
8,378
8,267
7,850
2,073
2,148
2,178
2,281
8,143
1,633
1,635
1,974
1,969
2,188
2,206
2,764
4,144
4,144
6,038
8,752
8,031
8,645
7,528
7,286
the Inter-American Development Bank and the Asian Development Bank.
3 / 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.
10/ Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969.
11/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December 31,
1971, as follows; U.S. Treasury certificates, $7 million; nonmarket
able U.S. Treasury bonds and notes, $103 million.
12/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $14-7 million.
13/ Data on the two lines shown for this date differ because of changes
in reporting forms and coverage (See introductory text to Capital
Movements tables for discussion of changes). Figures in the first
line are comparable in coverage to thosS shown for the preceding
date; figures on the second line are comparable to those shown for
the following date,
n.a. Not available,
p Preliminary,
r Revised.
86
Treasury Bulletin
_________________INTERNATIONAL FINANCIAL fi'TA'Tig'Tina
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In millions of dollars)
End of
calendar year
or month
1968 2 / .......................
1969 1 / .......................
1970 y .......................
1971 2 / £/....................
1972..........................
1976..........................
1977 Aug......................
Sept.....................
Oct......................
Nov......................
Dec......................
1978-Jan......................
Feb......................
Mar......................
May.*,....................
June....................
July p...................
Aug. p...................
Total
foreign
countries
(1)
17,407
\
17,340
/ 15,975 4/
\
15,998 l j
23,786
\
23,775
/ 51,209
V. 50,651
61,526
r 66,861 6/
/
76,816
^ 76,823
80,712
91,975
126,031
f
f
108,121
111,193
117,042
123,146
126,031
129,783
132,738
140,657
("137,452
137,188r
135,401r
135,052
138,520
140,570
Western
Europe
1/
(2)
8,070
8,062
7,074 V
7,074 A /
13,620
13,615
30,010
30,134
34,197
45,764 6/
44,328
44,328
45,701
45,882
70,707
57,743
60,724
65,039
68,167
70,707
72,557
74,401
76,238
73,866
73,666
72,735
74,493
75,748
79,717
Canada
(3)
1,867
1,866
1,624
1,624
2,951
2,951
3,980
3,980
4,279
3,853
3,662
3,662
3,132
3,406
2,334
2,557
2,508
1,863
1,919
2,334
2,078
1,389
1,633
2,447
2,493
2,702
2,609
2,490
2,071
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the ,
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Government corporations,
Federally-sponsored agencies, and private corporations.
1/ Includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceatiia, Eastern Europe and Western European
dependencies in Latin America.
3/ Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
4/ Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
Latin American
and Caribbean
Republics
(4)
1,865
1,865
1,888
1,911
1,681
1,681
1,414
1,429
1,733
2,544
4,419
4,419
4,448
4,906
4,633
4,251
4,466
4,269
4,858
4,633
4,562
5,145
5,752
5,584
5,530
5,409
4,653
4,580
4,593
Asia
(5)
Africa
Other
countries
2/
(6)
(7)
4,713
4,708
259
248
546
546
407
407
14,519
13,823
17,577
10,887
18,619
18,626
415
415
777
788
3,161
3,161
22,551
34,108
45,676
40,427
40,318
42,685
45,435
45,676
2,983
1,893
1,742
2,265
2,144
2,027
1,792
1,742
1,706
1,901
1,758
1,873
1,872
1,945
1,689
2,220
2,037
5,043
4,997
4,552
4,552
48,084
49,214
54,247
52,565
52,508r
51,686r
50,626
52,455
51,354
303
302
291
291
414
413
871
870
2,963
3,025
2,627
2,627
1.897
1,782
940
878
1,033
1,159
975
939
796
688
1,029
ljll7
1,319
924
982
1,027
798
5/ Data on the second line differ' from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are intluded in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official itfetitutions of foreign countries are
increased in value by $101 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of foreign currency
""" liabilities revalued to reflect market exchange rates.
TJ Data on the two lines shown for this date differ because of changes in
” reporting form and coverage. Figures in 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.
(See introductory text to Capital Movements tables for discussion of
changes in reporting forms as of April 30, 1978.)
p
Preliminary.
r Revised.
October 1978
87
_______ INTERNATIONAL FINANCIAL STATTSTTfiS
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year or
month
Total
(1)
3,330
3,181 V
3,563
9,657 y
15,872
15,669 6/
16,339
19,976
20,648
20,443
1977-Sept...................
21,128
Oct....................
20,351
Nov..................... 20,462
Dec....,...’
............. 20,443
1978-Jan....................
20,473
Feb....................
19,602
19,513
Apr....................
19,444
May..................... 19,355
June.................... 19,284
1968........................
1969........................
1970........................
1971.........................
1972.........................
1973........................
1974........................
1975........................
1976.........................
July....................
Aug....................
Sept....................
End of
calendar
year or
month
1968........................
1970........................
1971........................
1972........................
1975........................
1976........................
1977-Sept...................
Oct....................
Nov...................
Dec....................
1978-Jan....................
Feb....................
Mar....................
Apr....................
May....................
June...................
July...................
Aug....................
19,214
20,375
20,304
Total
Canada
1/
Denmark
Germany
(3)
(4)
(5)
(6)
(7)
32
32
32
32
20
_
-
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
700
1,400
650
550
700
700
600
600
600
600
600
20
_
_
_
_
_
_
_
_
5,000
11,315
11,670
12,327
16,277
16,879
17,467
17,866
17,866
17,866
17,467
17,467
17,467
17,467
17,467
17,467
17,467
146
135
25
22
22
_
_
_
_
_
600
600
600
'
Belgium
(2)
1,692
1,431
2,480
7,829
14,333
14,210
14,867
18,377
19,102
19,274
19,839
19,089
19,252
19,274
19,345
18,515
18,478
18,449
18,412
18,383
18,353
19,566
19,537
_
_
-
_
-
_
-
-
_
-
17,467
17,467
17,467
Italy
2/
_
_
.
-
-
Japan
Korea
Sweden
Switzer
land
(8)
«
.
(9)
(10)
15
15
15
15
15
_
_
25
_
(11)
_
„
_
_
_
_
_
_
_
_
600
_
_
_
_
_
-
_
_
_
_
_
-
_
_
_
_
_
_
.
-
-
-
_
300
600
700
-
-
-
-
~
-
-
_
_
_
_
573
506
573
573
536
506
478
448
411
382
345
316
286
1,499
1,470
Taiwan
Thailand
(12)
(13)
20
20
20
20
20
100
100
100
100
100
_
_
_
_
_
_
„
_
_
_
_
_
_
_
-
-
.
.
_
-
-
Payable in foreign currencies
Total
1,638
1,570 ( J
1,083
1,827 1/
1,539
1,459 6/
1,472
1,599
1,546
ljl69
1,289
1,262
1,210
1,169
1,128
1,087
1,035
995
943
901
861
809
767
Note: For further information, see ‘
'Public Debt Operations,”Tables
PDO-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River Treaty. Amounts outstanding
were $114 million through October 1968; $84 million, November 1968
through September 1969; $54 million, October 1969 through September
1970; and $24 million, October 1970 through October 1971.
2/ Notes issued to the Government of Italy in connection with
military purchases in the United States.
2 / In addition, nonmarketable Treasury notes amounting to $125 million
Germany
y
Italy
1,051
1,084 U
542
612
306
-
226
125
_
_
_
-
_
-
_
-
“
_
_
_
_
-
-
-
-
_
_
-
_
-
-
-
_
_
-
-
_
_
*
_
Switzerland
311
541
541
1,215
1,233
1,459
1,472
1,599
yg
1,289
1,262
1,210
1,169
1,128
1,087
1,035
995
943
901
861
809
767
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 6 and 7, Table IFS-1.
4/ Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 6,
Table IFS-1.
1 / Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 7, Table IFS-1.
Includes $15 million increase in March and $132 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
Treasury Bulletin
88
_ _ _ INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5. - U.S. Position in the International Monetary Fund
Calendar year
or month
1968..............................................
1969..............................................
1970..............................................
1971..............................................
1972..............................................
1973...............................................
1974...............................................
1975.......................
1976...............................................
1977...............................................
1977-Sept..................
1978-Jan...................
Feb...................
Mar...................
May...................
June..................
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
U.S. transactions with IMF
other countries
Net
with IMF
Trans
Pay
IMF net
income
Net
actions
ments of gold
in
borrow in
sales
Repur
Purchases
sub
by IMF
ings by foreign dollars of
chases
scrip
IMF
2/
curren
in
1/
dollars l j
tion in
dollars
cies
2
/
dollars ^
(6)
(5)
(7)
)
(2)
(3)
(4)
_
-806
20
-d4
_
_
268
22
19
-1,343
712
6/
150
25
1,155
-854
741
*
1,362
-28
40
-24
200
-47
5412/
-33
754 2/
_
_
-59
-133
-1,073
_
_
_
195
-442
-219
_
-2,078
426
-572
10
-628
218
670
-1,779
1,893
_
_
99
-9
-6
8
-152
-47
122
89
-7
-65
98
_
_
_
60
-42
-5
_
_
166
-12
-145
_
_
327
-42
-7
22
_
290
_
-10
-6
2,110
234
_
_
-65
-151
304
-8
-171
20
_
348
-201
-6
21
-30
_
196
-162
21
-36
-166
-12
171
21
~
'
Note:
The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
In April 1978 the U.S. quota was increased in SDF terms "from 6,700
million to 8,405 million.
%J Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2 J Represents net loans made to the IMF under xhe General Arrangements
to Borrow.
2 / Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only to the extent that the Fund’
s holdings of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
j>/ Represents the United States reserve tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund’
s
holdings of dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
amounts related to the United States quota#.
6/ Includes $30 million of special drawing rights.
2 / Represents amount paid in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
IMF holdings
of dollars at
end of period
Total
change
(8)
-670
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
376
90
2
-77
116
13
10
300
2,384
18
145
132
18
15
Amount
(9)
3,^70
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
3,963
3,924
3,847
3,963
3,976
3,986
4,286
6,670
6,688
6,833
6,965
6,983
6,998
Percent
of
U.S.
quota
(10)
... "75"....
55
71
91
94
93
78
72
44
&/
49
49
W
49
8/
48
49
8/
8/
49
8/
49
8/
53
8/
64
64
8/
66
8/
8/
67
67
8/
W
67
U.S.
reserve
position
in IMF
at end of
period
£/
(11)
1,250
2,324
1,935
585
465
552
1,852
2,212
4,434
4,946 2 /
4,776 9/
4,842 9/
4,933 9/
4,946 9/
4,934 9/
4,966 9/
4,701 9/
4,388 9/
4,347 9/
4,270 9/
4,177 9/
4,196 9/
4,214 2 /
8/ Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
theU.S.,,
Payable to
$M..IMF_
1977-Sep t
........... 5
Oct............................... 52
Nov............................... 10
Dec............................... 99
1978-Ja..................... n
1
Feb....................
43
Mar....................
38
Apr....................
58
May....................
32
June...................
108
July........... .......
.
U4
Aug....................
61
Sept...................
58
2/
Includes valuation adjustments on net borrowings by the IMF due to
changes arising from fluctuations in the dollar value of the IMF's
unit of account (SDR), for each month as follows (in millions of
dollars):
Increase or
Degrease (-)
1977-Sep t
Oct....................
Nov....................
Dec....................
1978-Ja..................... n
Feb....................
Mar....................
Apr....................
May....................
June...................
July...................
Aug....................
Sept...................
Less than $500,000.
1
9
2
18
*
7
6
-6
-4
11
u
6
6
October 197 8
89
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Bercent change relative to exchange rates as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar i/
Vis-a-Vis
End of calendar
year or month
Currencies of
OECD countries 2/
m
:
1971..
1972..
1973.,
1974.,
Currencies of 46 main
trading countries 2 /
-2.0
-8.2
-0.9
-4.8
-9.4
-14.6
-16.0
-4.9
-9.6
-9.6
-4.6
-1.0
-1.0
-10.9
197 6
-10.3
-14.6
-9.7
-10.6
-11.6
-14.6
-14.2
-14.9
-15.9
-15.0
-14.8
-17.9
-20.3
-20.8
-21.0
197 7
1977-Sept.
Oct..
Nov..
Dec..
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
July....
Aug. p..
Sept. p.
1/ This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade. U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes,though sj.ch weights do not provide a full
measure of individual currencies' relative importance in U.S. inter
national transactions because they take no account of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average ot changes
in the dollar cost of foreign currencies;
(EQ1)
Em = Z(A$/fCl * Mi/SM)
Where:
is the we i ghted average of percentage
changes in the dollar cost of individual
foreign currencies;
A$/fcx is the percent change i n the dollar
cost of foreign currency i; and
M x /2 m i s U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
+1.1
+0.8
+1.0
-1.0
-0.5
-1.4
-1.8
-1.2
-0.6
-2.6
4.3
-4.6
-4.8
(EQ2)
Ex - E(Afc1/$ * Xi/SX)
Where:
E x is the w eighted average of percentage
changes in the foreign currency cost of
dollars;
Afcj./$ is the percent change in the
foreign currency i cost of dollars? and
Xj/ZX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in <she set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E = [(Ero * m/m+x)*(-l)] + [Ex * x/nH-x]
Where:
m/ m+x is U.S. imports as a proportion
of its total trade w i t h all countries in
the set; and
x/m+x is U.S. exports as a proportion of.
its total trade w i t h all countries in the
set.
2 J Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2 / The currencies of 46 IMF member countries which account for, approximately
90# of U.S. total trade,
p ' Preliminary.
Treasury Bulletin
90
CAPITAL MOVEMENTS.
IntroflwtioB
A number of chajages in the presentation of some sections
of the capital movements statistics were introduced in the July
1978 issue of the Treasury Bulletin,
Chiefly, these changes
reflect major revisions in the structure of the Treasury In
ternational Capital (TIC) B-series Forms, filed by banks and
some brokers in the United States, to meet current conditions
and needs; others are designed to increase the usefulness of
the published statistics. Revisions to the reporting forms
represent a continuation of a broad program conducted over the
past several years to ensure the adequacy of the Treasury cap
ital movements statistics for analysis and policy formulation
with respect to the international financial position of the
United States and on movements of capital between the United
States and foreign countries. The revised forms and instruc
tions were developed with the cooperation of other Government
agencies and the Federal Reserve System, and in consultations
with representatives of the banking and securities industries.
The changes in the structure of the B-series .Forms
greatly improve the usefulness of the reports for analysis of
the foreign position of the banking system; analysis of the
movement of funds through foreign branches and head offices;
comparison of U.S. banking data with data of other countries;
and relating the Treasury data to the Federal Reserve data on
U.S. banks' foreign branches. The reporting instructions were
improved and clarified in several respects; and definitions
of items to be reported have been made as consistent as is
possible with definitions used in reports required by the bank
regulatory agencies.
Bacfcerwrnfl
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 1934, Execu
tive Order 10033 of February 8, 1949, and Treasury regulations
promulgated thereunder. The report forms, formerly entitled
Treasury Foreign Exchange Forms, were redesignated in January
1977 as Treasury International Capital Forms»2/ The regula
tions were amended in January 1977 to acknowledge the effects
of the International Investment Survey Act of 1976 which
provides additional authority for the collection of data on
international capital flows and international investment.
Statistics on the principal types of data and the principal
countries are published monthly in the Treasury Bulletin.
Reports are filed with Reserve Banks by banks, bank holding
companies, securities brokers and dealers, and nonbanking con
cerns in the United States. These statistics are then con
solidated and are published by the Treasury as promptly as
possible.
Bagj.c Definitions
The term "foreigner” as used in the Treasury reports
covers all institutions and individuals domiciled outside the
United States, including United States citizens domiciled
abroad, and the foreign branches, subsidiaries and offices of
United States banks and business concerns; the central govern
ments, central banks and other off icial 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.
In general, data are reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a num
ber of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate benefi
ciary. Furthermore, U.S. liabilities arising from deposits
of dollars with foreign banks are reported generally in the
Treasury statistics as liabilities to foreign banks, whereas
the liability of the foreign bank receiving the deposit may
be to foreign official institutions or residents of another
country.
Data pertaining to branches or agencies of foreign of
ficial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite the
apprrvpr-ia+e internat^nal or regional clar’
r'-?*‘
-T'’
a+-fon p^p-nt
foi the Bank for International Settlements and the European
Fund, which are included in the classification "Other Europe."
Geographical Clarification
A number of changes in geographical classification were
introduced for most capital movements tables in the July 1978 is
sue. Several countries formerly included in "Eastern Europe and
in "Other Latin American Republics" are shown separately in the
country list, as well as a new category in the International
and Regional grouping for "Middle Eastern Regional" in view
of the proliferation of regional financial organizations,
primarily in the Arab states. The remaining countries in the
categories "Other Eastern Europe" and "Other Western Europe"
have been combined into a single "Other Europe" category; and
the heading, "Latin America" has been retitled "Latin America
and Caribbean." To the extent possible, the statistics for
earlier dates have been adjusted in accordance with the revised
country stub.
Reporting Coverage
Reports are required from banks, bank holding companies,
securities brokers and dealers, and nonbanking concerns in the
United States, including the branches, agencies, subsidiaries,
and other affiliates in the United States of foreign firms.
Institutions which have total reportable liabilities, claims
or securities transactions below specified exemption levels
are exempt from reporting.
Banks file reports monthly covering their dollar liabil
ities to, and dollar claims on, foreigners in a number of
countries. Twice a year as of June 30 and December 31, they
also report the same liabilities and claims items with respect
to foreigners in countries not shown separately on the monthly
reports. Beginning with reports due as of June 30, 1978, banks
also report quarterly their liabilities and claims vis a vis
foreigners that are denominated in foreign currencies. The
specified exemption level applicable to the monthly reports
is $2 million and is based on the average for the report dates
during a six-month period, including the current report date.
There are no separate exemption levels for the quarterly and
semiannual reports.
Banks, securities brokers and dealers, and in some in
stances, nonbanking concerns, report monthly their transac
tions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports are filed by exporters, importers, in
dustrial and commercial concerns, financial institutions other
than banks and brokers, and other nonbanking firms if their
liabilities or claims, on the six-months average basis, are
$2 million or more. These firms also report the liquid por
tion of their claims for each month-end when they have re
portable claims of $2 million or more.
D p s cvript.ion of S+.ai.xs~bics
Data collected on the Treasury International Capital Forms
are published in the Treasury Bulletin in six sections, be
ginning with the July 1978 issue.
Section I presents data in four tables on liabilities to
foreigners reported by banks in the United States. Beginning
with the July 1978 issue there is separate reporting of amounts
due to banks1 own foreign offices; the previous distinction bet
ween short-term and long-term liabilities has been eliminated;
there is now a separation of the liabilities of the reporting
banks themselves from their custody liabilities to foreigners;
a-nri foreign currency liabilities are only reported quarterly.
Also, beginning with the July 1978 issue, the data on liabilities
are made more complete by extending to securities brokers and
dealers the requirement to report certain of their own liabil
ities and all of their custody liabilities to foreigners.
91
October 1978
CAPITAL M O V EM EN TS
Table CM-1-1 showing total liabilities by type of foreign
holder has been revised to combine liabilities previously shown
separately as either short-term or long-term (in old Table
CM-I-6). Table CM-1- 2, Parts A and B, on foreigners’holdings
of liabilities, by type, is revised to show total bank report
ed liabilities payable in dollars only. Table CM-1-3 presents
total liabilities by country for recent periods and includes
the long-term data previously shown in Table CM-1-7; whereas
CM-1-4, on total liabilities by type and country for the most
recent month, is revised to include several data items not
previously reported separately. The liabilities data on sup
plementary countries previously presented in Table CM-1-5 will
appear subsequently in new Table CM-III-1. (See Section III
below.) Old Tables CM-I-6 and CM-1-7 no longer appear.Section II presents the claims on foreigners reported by
banks in the United States, including claims held for their
own account and for the account of their domestic customers.
Beginning with data reported as of the end of April 1978,
banks’claims held for their own account are reported sepa
rately from claims held for their domestic customers. The
former are available in a monthly series whereas the lat
ter data are collected on a quarterly basis only. Also, there
is no longer a monthly breakdown available on the long-term
and short-term components of banks’claims. Maturity data are
now collected quarterly on a time remaining to maturity basis
as opposed to the historic original maturity classification.
Foreign currency claims items are also collected only on a
qiiarterl3r basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published in old Table
CM-II-4. Table CM-II-2, showing total claims by type, is based
on the new banking reports; however, it is not included in this
issue. Table CM-II-3, which presents total claims by country
merges the previously reported short-term and long-term claims
data from old Tables CM-II-2 and CM-II-5. New Tables CM-II-4
through CM-II-7, not all of which are shown in this issue,
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, begin
ning with new quarterly data as of June 30, 1978, is the adop
tion of a broadened concept of "foreign public borrower" which
replaces the previous category of "foreign official institu
tion" to produce more meaning information on lending to the
public sector of foreign countries. The term "foreign public
borrower" encompasses central governments and departments of
central governments of foreign countries and of their posses
sions; foreign central banks, stabilization funds, and exchange
authorities; corporations and other agencies of central gov
ernments, including development banks, development institu
tions, and other agencies which are majority-owned by the cen
tral government or its departments; State, provincial and local
governments of foreign countries and their departments and
agencies; and any international or regional organization or
subordinate or affiliated agency thereof, created by treaty
or convention between sovereign states.
Section III is new and includes two supplementary tables
on U.S. banks' liabilities to, and claims on, foreigners.
Neither of the supplementary tables, however, appears in this
issue. Table CM-III-1 summarizes dollar liabilities to, and
banks1 own dollar claims on, countries and areas not regularly
reported separately. Beginning with reports due as of June
30, 1978, these data are collected semiannually. Previously,
the semiannual reports jwea?e addressed to
liabilities
Note;
With respect to tables presented in Sections I and II,
attention is called to the fact that not all breakdowns previously
published will be exactly comparable to those currently presented.
Although an attempt has been made to revise past figures to put them
on a comparable basis with current data, caution should be exercised
in using past series in Sections I and II in conjunction with those
items only. Historically, the semiannual data were reported as of
April and December, however, they are now collected as of the end
of June and December. Table CM-III-2 is a new table that pro
vides data for selected yearends and the most recent twelve
months on U.S. banks' loans and credits to nonbank foreigners,
based on the TIC reports and on the monthly Federal Reserve
502 reports submitted for foreign branches of U.S. banks.
Sections IV and V (previously Sections III and IV) show
respectively the liabilities to, and claims on, foreigners re
ported by exporters, importers, industrial and commercial
firms, financial institutions other than banks and brokers,
and other nonbanking concerns in the United States. Tables
in these sections are unchanged from previous issues. The data
exclude the intercompany accounts of business enterprises
in the United States with their own branches and subsidiaries
abroad or with their foreign parent companies. (Such transac
tions are reported by business firms to the Department of Commerce
on its direct investment forms.) The data also exclude claims
held through United States banks. Separate figures are shown in
Section V for the short-term liquid claims of large nonbank
ing concerns in the United States.
Section VI (previously Section V but otherwise unchang
ed), contains data on transactions in all types of long-term
domestic and foreign securities by foreigners reported by banks
and brokers in the United States (except nonmarketable U.S.
Treasury notes, foreign series; and nonmarketable U. S. Treasury
bonds and notes, foreign currency series, which are shown in the
"International Financial Statistics" section, Table IFS-4).
The data cover new issues of securities, transactions in out
standing issues, and redemptions of securities. They include
transactions executed in the United States for the account of
foreigners, and transactions executed abroad for the account
of reporting institutions and their domestic customers. The
data include some transactions which are classified as direct
investments in the balance of payments accounts. The data ex
clude securities issued abroad by foreign subsidiaries of U. S.
corporations, some of which are treated in the balance of
payments, as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
State residents; but the net figures for transactions of in
dividual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the in
tercompany capital transactions of business enterprises in the
United States with their own branches and subsidiaries abroad
or with their foreign parent companies, and capital trans
actions of the United States Government. Consolidaxed data on
all types of capital transactions are published by the Depart
ment of Commerce in its regular reports on the United States
balance of payments.
shown for periods after April 1978.
1/ Copies of the reporting forms and instructions may be obtained from
the Office of Statistical Reports, Office of the Assistant Secretary
for Economic Policy, Department of the Treasury, Washington, D.C.,
20220, or from Federal Reserve Banks.
Treasury Bulletin
.CAPITAL MOVEMENTS,
Note: Due to changes in reporting forms and coverage, Capital
Movements Sections I and IX have been revised. Effective with the July 1978
issue of the Treasury Bulletin, Tables CM-I-5, CM-1-6, and CM-I-7
are no longer published. New tables based on revised reporting
forms will appear in subsequent issues of the Bulletin. These tables
will be titled as follows: Table CM-II-2— "Total Claims, by Type:"
Table CM-II-4— "Total Claims, by Type and Country;" Table CM-II-5— "Banks'
Own Claims by Type;" and Table CM-II-7— "Domestic Customers' Claims bv
Type."
In addition, a new Section III, entitled "Supplementary Liabilities
and Claims Data Reported by Banks in the United States," will be intro
duced in subsequent issues and wxll include Tables CM-III-1— "Dollar
Liabilities and Dollar Claims, Countries and Areas not Regularly Reported
Separately" and Table CM-III-2— "Total Claims of Banks and Their Major
Foreign Branches."
93
October 1978
______________________ CAPITAL M O V B M F .N T S
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Total liabilities by Type of Holder
(In millions of dollars)
International and regional 2/
Foreign countries
End of
calendar
or month
Total
liabili
ties
Official institutions 1/
Total
Banks and other foreigners
Payable
m dollars
Payable
m foreign
currencies
(3)
(4)
Total
Payable
in dollars
'6)
(5)
Payable
in foreign
currencies
Total
(8)
Payable
in
dollars
Payable
in foreign
currencies
(9)
(10)
(1)
(2)
34,883
13,659
13,197
462
18,964
18,790
173
2,260 U
2,260
-
1969 2J........................
42,530
\ 42,690
12,559
12,582
12,356
12,379
203
203
27,673
27,806
27,446
27,579
227
227
2,298 y
2,302 u
2,298
2,302
-
1970 2/........................
f
(
43,422
43,464
20,028
20,028
19,880
19,880
148
148
21,385
21,427
21,164
21,207
221
220
2,009 u
2,009 U
2,009
2,009
_
-
1971 2/........................
f
^
56,306
56,331
39,823
39,162 1/
39,665
38,988 2/
158
165 6/
14,267
14,956 5/
14,019
14,708 5/
248
248
2,217 U
2,213 U
2,217
2,213
_
-
1968...............
f
m
1972...............
61,689
40,093
39,922
171
19,629
19,283
346
1,968
1,968
-
1973...............
70,535
44,233
44,105
127 U
23,587
23,117
468
2,716
2,716
-
96,128
96,056
53,196
53,203
53,069
53,076
127 2/
127 I f
38,959
38,860
38,320
38,221
639
639
3,973
3,992
3,973
3,992
“
8
1974 2/ ........................
f
\
1975...............
96,147
50,461
50,461
-
39,982
39,430
552
5,704
5,696
1976...............
111,430
54,956
54,956
-
50,764
49,987
777
5,710
5,705
5
1977...............
127,065
65,822
65,822
57,985
57,071
914
3,256
3,245
11
1977-Aug...........
112,818
117,298
118,577
120,400
127,065
127,207
130,990
140,400
57,800
57,864
60,909
63,532
65,822
67,740
71,709
78,761
57,800
57,864
60,909
63,532
65,822
67,740
71,709
78,761
_
_
-
77,327
77,063r
75,506r
74,427
76,286
76,320
77,327
77,063r
75,506r
74,427
76,286
76,320
_
50,499
55,560
53,935
53,292
57,985
55,832
56,170
58,017
62,853
62,771r
59,860
60,069
59,912
63,168
49,570
54,769
53,111
52,369
57,071
55,013
55,293
57,034
61,674
61,592r
58,681
58,374
58,216
61,472
4,519
3,874
3,732
3,576
3,256
3,635
3,111
3,622
3,417
3,000
3,122
2,951
4,481
3,842
3,712
3,556
3,245
3,624
3,102
3,618
3,415
2,998
3,120
2,942
2,678
2,823
38
32
20
20
11
11
9
4
2
2
2
IQ
Oct...........
1978-Jan...........
Feb...........
Mar...........
May...........
Aug. p ........
fl43,597
\ 142,833r
v138,488r
137,447
138,884
142,319
'
-
Note: Total liabilities include liabilities previously classified
as either "short-term" or "long-term" on the Treasury Reports
filed by banks. The maturity distinction was discontinued with new
reports filed as of April 30, 1978, and the historical series
adjusted accordingly. Also see footnote 8.
1/ Includes Bank for International Settlements and European Fund.
g / principally the International Bank for Reconstruction and
Development and the Inter—American Development Bank.
2 / Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date.
i j Includes U.S. Government obligations at cost value and funds
awaiting investment obtained from proceeds of sales of gold by
the International Monetary Fund to the United States to acquire
income-earning assets as follows: $800 million at end 1968 and
1969; $400 million at end 1970 and 1971. Upon termination of
929
791
824
923
914
819
876
983
1,179
1,179
1,179 9/
1,695
1,695 2Q/
1,695 10/
2,687
2,832
10 .
10
investment, the same quantity of gold was reacquired by the Inter
national Monetary Fund.
£/ Data on the second line differ from those on the first line
because certain accounts previously classified as "offical
institutions" are included with" bank s’
^ind a number of reporting
banks are included in the series for the first time.
6/ Tncludes $7 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of Dec.
31, 1971.
2/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
8/ Data on the two lines shown for this date differ beeause of changes
in reporting forms and coverage. Figures on the first line are
comparable with those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
(See introductory text for Capital Movements Section for discussion
of changes in reporting.)
2/ Data as of end of April 1978.
IQ/Data as of end of June 1978,
p Preliminary,
r Revised.
Treasury Bulletin
94
____________________ CAPITAL MflVRMBWTa
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Total Liabilities by Type, Payable in Qollars
Part A - Foreign Countries
(In millions of dollars)
Official institutions 1/
End of
calendar
year
or month
Total
foreign
coun
tries
(1)
1968.............
31,987
f 39,802
«f
/•/
I 39,958
41,044
af\*?n a /
41,086
f 53,684
1071 A / *\/
\ 53,706
/ 59,205
1070 A /
\ 59,204
1973.............
67,222
f 91,389
- .......... \ 91,297
1975.............
89,891
1976............. . 104,943
1977.............
122,893
1977-Aug.........
107,370
Sept........
112,633
114,021
115,901
122,893
Dec.........
1978-Jan.........
122,753
Feb.........
127,002
Mar.........
135,795
f 139,001
Apr.&/...... ^ 138,654r
134,187r
132,801
134,502
Aug.......... 137,792
Dep DSitS
Demand
(2)
.Time 2/
(3)
2,149
1,899
1,918
2,951
1,930
2,942
2,554
1,652
1,652
2,554
1,620
2,504
1,327 5/ 2,039 5/
1,591
2,880
1,591
2,880
2,125
3,911
2,951
4,257
2,951
4,167
2,644
3,423
3,394
2,321
3,528
1,797
2,248
3,122
3,133
1,987
2,990
1,903
2,557
1,848
3,528
1,797
1,788
2,673
2,782
2,570
2,804
1,777
3,532
1,792
3,703
1,884
3,092
1,982
2,6111,981
2,277
3,473
2,639
2,583
U.S.
Treas.
bills &
certif
icates
(4)
5,486
3,844
3,844
13,367
13,367
32,311
32,311
31,453
31,453
31,511
34,656
34,656
34,199
37,725
47,820
39,793
40,770
43,392
45,817
47,820
Other foreigners
Banks
Deposits
Other
liabil
ities 2/
(5)
3,663
3,643
3,663
2,307
2,307
3,230
3,321
3,998
3,998
6,558
11,205
11,302
10,195
11,516
12,677
12,637
11,974
12,625
13,310
12,677
13,527
13,668
14,878
14,396
13, 8o2r
49,752
52,689
59,302
57,606
57,613
56,449
55,606
13,983r
14,230^
56,842
56,299
13,695
14,800
Demand
Time 2/
(6)
'(7)
10,374
16,745
16,756
12,376
12,385
7,047
3,399 5/
4,658
4,658
6,941
8,248
8,231
7,534
9,104
10,933
8,928
9,676
9,677
9,666
10,933
10,274
10,570
10,113
10,732
10,195
10,3^3
10,164
10,240
9*229
1/ Includes Bank for International Settlements and European Fund.
2 j Time deposits exclude negotiable time certificates of deposit, which
are included m "Other liabilities."
2 / Data not available separately prior to April, 1978*
l j 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.
5/ Data on the second line differ from those on the first line because
those liabilites of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
deposits are included in "Other liabilities"; certain accounts
U.S.
Treas. Other
To own
bills & liabil foreign
certif ities l j offices 3/
icates
(8)
1,273
30
1,988
20
1,999
20
1,326
14
1,354
14
850
8
320 5/ 8
405
5
405
5
529
11
1,911
232
1,910
232
1,873
335
2,297
IV)
2,040
141
1,863
112
1,842
125
1,858
127
1,805
141
2,040
141
1,995
152
1,823
165
1,734
161
1,771
215
1,643
314
363
1,595
1,255
300
1,321
269
1,395
296
(9)
2,629
4,713
4,699
3,367
3,362
2,367
7,232 5/
9,510
9,510
10,034
19,546
19,355
19,588
25,652
29,222
24,619
28,670
26,989
26,169
29,222
27,807
27,991
30,107
33,334
6,639
6,503
6,187
6,413
6,685
(10)
_
_
-
_
-
_
_
28,493
24,727
25,225
24,661
28,050
Deposits
Demand Time l j
U.S.
Treas.
bills 6.
certif
icates
Other
liabil
ities 2/
(11)
(12)
(13)
(14)
1,797
1,709
1,711
1,688
1,688
1,660
1,660
1,955
1,955
2,143
2,729
2,729
3,248
4,015
4,304
3,751
3,870
4,055
4,080
4,304
4,245
4,143
4,000
2,199
1,811
1,935
1,886
1,895
1,663
1,666
2,116
2,116
2,359
3,796
3,744
4,823
6,524
7,546
7,499
7,638
7,614
7,576
7,546
7,606
7,526
7,654
86
107
107
131
131
96
96
65
65
68
277
277
325
198
240
328
404
346
373
240
231
268
291
402
353
352
376
377
328
327
569
568
1,032
1,581
1,743
1,704
2,078
2,645
2,470
2,544
2,445
2,559
2,645
2,703
2,807
2,974
4,714
3,69J
4,106
4,149
3,983
4,091
7,801
7,995
8,173
8,284
8,208
8,548
287
286
297
310
290
300
2,821
2,335
2,574
2,499
2,832
2,878
previously classified as "official institutions" are included with
"banks"; and a number of reporting banks are included in the series for
first time.
6/ Data on the two lines shown for this date differ because of changes^ in
reporting coverage. Figures cn the first line are comparable with
those shown for the preceding date; figures on the second line are
comparable to those shown for the following date. (See introductory
text to Capital Jyfovements Section for discussion of changes in
reporting.)
p Preliminary, r Revised.
95
October 1978
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Total Liabilities by Type, Payable in Dollars-*-Continued
Part B - Nonmonetary International and Regional Organizations
(in millions of dollars)
End of
Deposits
Total
U.S. Treasury
bills and
certificates
or month
(1)
1968....
1969 2/..
f
^
1970....
1971 2/..
f
V
1,460
1,498
1,502
Demand
(2)
68
62
62
Time
.Other
liabilities 1/
1/
(3)
(4)
(5)
394
244
244
211
885
1,109
1,113
1,170
1,609
69
113
83
83
159
1,818
1,814
73
73
192
192
211
211
1,342
1,338
1972....
1,968
86
202
326
1,354
1973....
2,716
101
83
296
2,236
3,973
3,992
139
139
111
111
497
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
139
2,169
1977-Aug.
Sept
Oct.
Nov.
Dec.
4,481
3,842
3,712
3,556
3,245*
231
142
214
173
173
231
706
147
134
1,990
1,875
802
767
706
2,202
1,619
2,597
2,474
2,169
1978-Jan.
Feb.
Mar.
Apr.
3,624
3,102
3,618
3,415
2,998
3,120
2,942
2,678
2,823
186
180
245
268
272
286
265
257
142
959
1,111
1,317
892
892
1,153
922
228
368
2,350
1,691
1,947
1974 2/..
May.
June
July
Aug.
Note:
f
^
r
/
^
Principally the International Bank for Reconstruction and
Development and the Inter-American Development Bank; excludes Bank
for International Settlements and European Fund.
1/ Time deposits excludenegotiable'time certificates of deposit, which
are included in "Other liabi]ities."
1 / Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable m
coverage to those shown for the preceding date; figures on the
140
142
139
129
120
109
122
119
116
97
.. -......... —
2,133
m
Lyblh
Z, 077
2,215
second line are comparable to those shown for the following
2 / Data’
on the two lines shown for this date differ because of
in reporting forms and coyerage. Figures on the first line
comparable with those shown for the preceding date; figures
second line are comparable to those shown for the following
(See introductory text to Capital Movements Section for
discussion of change in reporting.)
p Preliminary.
date.
change
are
on the
date.
Treasury Bulletin
96
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Total Liabilities by Country
(Position at end of period in millions of dollars)
1978
Country
1976
1977
Mar.
Apr. y
1974
1975
Belgium-Luxembourg.......
607
2,515
760
2,926
348
2,314
319
2,590
420
3,062
327
3,415
Finland.................
369
266
4,288
332
392
7,735
364
422
4,894
771
330
5,293
1,046
363
5,073
1,065
429
5,541
9,574
249
4,571
284
6,311
403
7,337
603
11,633
572
11,284
588
2,578
3,235
1,040
1,073
3,411
996
3,212
3,011
785
6,866
2,885
949
68
5,642
3,146
1,212
101
5,965
3,023
1,466
68
May
June
July p
Aug. p
Europe:
German Democratic Republic
Germany.................
Italy...................
n.a.
n.a.
n.a.
n.a.
n.a.
310
Total Europe............
n.a.
n.a.
n.a.
n.a.
n.a.
195
n.a.
n.a.
n.a.
n.a.
n.a.
240
n.a.
n.a.
n.a.
n.a.
273
n.a.
n.a.
n.a.
n.a.
175
n.a.
n.a.
n.a.
n.a.
162
323
3,250
14
22
1,065
436
5,535
47
11,166
588
30
6,007
3,021
1,468
69
351
3,035
12
51
1,111
399
6,311
29
9,691
563
29
6,385
3,003
1,644
76
351
2,856
38
30
1,338
352
6,594
47
10,149
597
23
6,902
3,132
1,872
102
374
2,,376
38
12
1,,545
407
7,,385
32
9,,848
647
36
7.,068
3.,093
1,,740
78
426
2,274
26
16
1,596
417
8,019
58
10,885
826
19
8,087
3,254
1,519
81
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
382
1,138
10,140
152
7,643
82
183
4,287
49,039
427
2,290
8,521
118
6,952
40
127
3,170
564
1,693
9,484
166
10,127
51
189
2,928
624
2,718
12,480
130
14,215
99
232
1,972
723
2,817
13,700
115
12,410
72
138
2,122
672
3,188
13,280
252
11,153
65
195
2 ,0 0 3
165
24
664
3,183
13,239
249
11,162
62
192
1,757
288
15
724
3,308
12,683
201
11,749
96
168
1,721
192
22
722
3,395
12,548
111
11,711
66
229
1,688
228
32
743
3.,350
12,,021
147
12,,010
55
193
1,,929
324
T7
787
3,365
12,235
138
11,196
50
149
2,331
44,319
47,508
68,094
60,755
64,541
64,140
63,739
63,645
65,066
65.,386
3,539
37099....... ......4,814"' '
4,731
4,640
6,037
6,061
6,736
6,000
5j,806
6,074
887
1,112
116
1,040
449
277
305
7
122
1,151
1,889
184
1,233
1,311
319
417
6
120
1,540
2,840
205
1,438
1,877
337
1,021
6
320
1,469
3,607
323
1,396
4,168
362
1,221
6
330
1,864
4,209
412
1,327
4,174
417
1,290
8
441
1,938
6,980
345
1,440
4,993
395
1,346
6
363
1,776
2,076
528
272
107
165
3,435
1,115
244
131
172
3,313
2,872
158
1,167
257
167
245
3,120
2,877
197
2,332
287
203
243
2,931
2,799
212
2,132
262
241
228
3,440
2,988
208
2,245
305
94
225
3,265
1,921
7,269
370
1,414
4,965
393
1,350
6
360
446
41
2,682
212
2,177
309
95
248
3,227
2,323
3,337
349
1,298
4,101
362
1,300
7
321
552
46
2,971
289
2,560
274
75
230
3,301
1,766
4,040
407
1,248
4,886
384
1,426
7
341
467
67
2,796
321
2,365
284
192
220
3,168
1,,623
3,,670
392
1,,323
4.,152
388
1,,431
9
395
433
75
2.,940
435
2.,614
311
89
218
3,,250
1,528
4,683
356
1,410
5,618
354
1,488
10
363
438
59
3,190
288
2,656
312
53
185
3,229
1,271
1,402
1,703
1,971
2,164
2,060
1,545
1,570
1,429
1,,456
1,481
11,870
15,082
19,274
23,921
25,617
29,193
29,031
25,263
25,813
25,,204
27,702
50
818
530
261
1,221
389
10,932
385
126
123
1,025
625
126
369
387
10,219
390
117
48
990
895
648
340
392
14,387
438
140
748
245
7
333
4,717
470
21,232
700
256
26
252
7,355
470
22,441
628
280
35
277
9,360
945
29,804
53
1,013
1,096
975
410
559
14,646
602
144
157
253
697
295
16
264
8,979
390
30,548
56
1,014
1,176
957
492
485
21,768
682
162
126
266
647
302
14
317
9,167
427
56
1,219
1,055
949
651
508
20,163
754
165
136
192
634
338
27
261
8,938
468
50
1,208
1,120
947
649
488
20,441
753
165
135
192
613
335
27
258
8,872r
458
36,514
36,710r
53
1,129
1,095
904
331
476
19,135
788
189
139
194
604
339
23
299
7,905
339
33,945
47
1,,271
1),201
803
598
518
20,489
754
226
103
260
649
424
22
321
7,,278
488
38,057
47
1,043
1,491
972
451
571
20,047
817
169
106
187
704
431
27
304
8,061r
371
35,797r
44
1,338
1,219
767
310
440
19,967
775
173
163
203
575
371
20
297
6,730
445
33,836
404
35
82
66
175
39
1,155
581
341
35
67
51
186
45
1,226
521
455
35
68
31
175
46
1,395
504
461
40
79
29
194
49
1,246
555
2,709
2,651
402
48
78
28
230
44
981
561
2,370
3,023
463
33
60
67
164
52
1,199
551
2,588
1,277
304
1,132
141
1,095
206
1,,169
160
1,061
133
Latin America and Caribbean:
Bermuda.................
Chile...................
Jamaica.................
Netherlands Antilles — ' ...
Trinidad and Tobago......
Uruguay.................
Other Latin America and
Caribbean.............
Total Latin America and
Asia:
China (Mainland)........
China (Taiwan)..........
India...................
Israel..................
Lebanon.................
Malaysia................
Syria...................
Thailand.............
Oil-exporting countries.^/
Africa:
Egypt...................
Ghana...................
Morocco.................
Oil-exporting countries U
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
38
130
84
2,814
365
68
170
63
2,240
469
88
143
36
1,116
558
3,552
3,374
2,301
2,538
2,472
458
36
69
32
176
45
1,396
502
2,715
2,742
89
2,014
114
1,912
108
1,154
161
1,244
208
1,288
291
103
18
343
23
333
27
n.a.
n.a.
35,449
594
38
66
28
179
73
1,,365
680
Other countries:
Total foreign countries....
International and regional:
Latin American regional...
Middle Eastern regional...
Total international
and regional..........
Grand total...............
2,831
2,128
2,020
1,315
92,063
90,443
105,720
123,808
1,452
136,778
140,179
3,552
25
265
150
1
5,413
7
197
87
1
5,150
22
271
243
26
2,725
7
288
210
28
3,094
21
265
197
45
2,779
17
307
266
48
n.a.
n.a.
n.a.
n.a.
n.a.
1,579
n.a.
3,992
5,704
5,710
3,256
3,622
3,417
96,056
96,147
111,430
127,065
140,400
143,597
1/ Data m two columns shown for this date differ because of changes in
reporting coverage. Figures m the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date. (See
introductory text to Capital Moyements Section for discussion of
changes m reporting.)
2/
3/
~
4/
*
P
1,581
1,273
139,833r
135,366r
2,590
19
119
217
54
n.a.
2,430
46
432
167
46
*
3,000
3,122
142,833r
138,488r
1,301
1,,329
1,194
134,496
136,,197
139,488
2,311
28
404
179
29
*
2,020
14
427
178
49
*
2,076
14
528
200
14
*
2,952
2,688
2,833
137,447
138,,884
142,319
Through December 31, 1975, Suriname included with Netherlands Antilles,
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
United Arab Emirates (Trucial States),
Includes Algeria, Gabon, Libya, and Nigeria,
Less than $500,000.
Preliminary.
n.a. Not available.
r Revised.
97
October 1978
___________________ CAPITAL MOVEMENTS_____________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Total Liabilities by Type and Country, as of August 31, 1978
Preliminary
(Position m millions of dollars)
Total liabilities
Country
Total
(1)
Europe:
Denmark..................
German Democratic Republic.
Hungary..................
Italy....................
Norway...................
Turkey...................
United Kingdom...........
Total Europe.............
Canada......................
Latin America and Caribbean:
Chile....................
Cuba.....................
Jamaica..................
Netherlands Antilles......
Peru.....................
Trinidad and Tobago.......
Uruguay..................
Other Latin America and
Caribbean..............
Total Latin America and
Caribbean..............
Asia:
China (Mainland).........
Malaysia.................
Syria....................
Total Asia...............
Africa:
Zaire....................
Other countries:
Australia................
All other................
Total other countries.....
Total foreign countries......
International and regional:
International............
Latin American regional....
Asian regional...........
African regional.........
Middle Eastern regional....
Total international
426
2,274
26
16
1,596
417
8,019
58
10,885
826
19
8,087
3,254
1,519
81
324
17
787
3,365
12,235
138
11,196
50
149
2,331
68,094
Liabilities payable m dollars
To foreign official
Totals
institutions and
Unaffiliated foreign banks
Payable
m
Payable
Short
Deposits
m
foreign Bank's
term
Other
cur
own
dol
Custody
lia
U.S.
liabil
lia
ren
lars
Treasury
bil
Demand Time
cies 1/ bili
ities
obliga
ities
ties
tions
(7)
(8)
(3)
(2)
(4)
(6)
(9)
(5)
137
749
6
*
39
262
549
eign
offices
(10)
Memo
randum
Liabilities to
all other foreigners
Short
term
U.S.
Treasury
obliga
tions
(13)
Deposits
Demand
Time
(11)
(12)
5
469
8
45
15
8,840
40
96
38
*
21
•*
51
12
112
4
243
1
1
16
1,050
8
33
*
1
2
1
60
1
84
72
1
107
29
9
1
34
1
147
9
550
5
109
*
3
27
1,296
7
1
809
5
198
34
*
16
22
190
5
110
18
*
5
NegotiableCD's held
for all
for
eigners
(15)
Other
lia
bil
ities
(14)
1
8
424
2,174
26
16
1,593
417
7,988
56
10,765
826
19
8,055
3,240
1,516
77
324
17
752
3,355
12,102
137
10,956
50
149
2,298
67,330
2
100
*
6,074
5,890
184
4,372
1,518
1,528
4,683
356
1,410
5,618
354
1,488
10
363
438
59
3,190
288
2,656
312
53
185
3,229
1,454
4,625
348
1,382
5,474
346
1,486
10
347
419
59
3,169
288
2,628
311
53
185
3,208
74
58
8
28
144
8
2
16
19
*
21
*
28
1
*
*
21
1,253
4,541
196
1,218
5,425
334
586
8
336
266
45
2,775
250
2,098
290
53
164
2,706
201
84
152
164
49
12
899
2
12
152
15
395
38
530
21
*
21
501
1,481
1,466
15
1,246
219
285
5
82
189
22
215
652
*
16
64
27,702
27,258
444
23,791
3,467
2,248
522
518
3,494
11,444
1,931
5,775
52
1,275
1,947
44
1,338
1,219
767
310
440
19,967
775
173
163
203
575
371
20
297
7,174
33,836
44
1,262
1,209
762
309
440
19,851
735
172
163
197
566
368
20
296
7,163
33,556
*
76
10
5
1
*
116
40
1
*
6
9
3
*
1
11
280
*
43
712
550
1,056
153
617
144
102
207
61
379
3,775 16,076
138
597
168
4
121
42
176
21
72
493
356
12
*
20
117
179
2,625 4,539
10,990 22,567
23
231
160
92
87
138
690
425
67
64
37
197
91
13
66
1,050
3,431
3
49
9
*
*
51
15
10
4
*
6
31
6
239
422
9
561
4,246
4
46
169
8
16
10
94
8
21
5
6
52
36
1
11
256
743
2
137
347
10
18
34
54
14
36
3
8
73
22
1
29
197
985
*
28
9
6
*
1
66
5
*
*
1
19
5
*
1
154
295
42
10
2
*
17
15
37
3
3
_
42
5
_
7
1,370
1,553
463
33
60
67
164
52
1,749
2,588
463
33
60
67
161
52
1,743
2,578
*
3
_
6
10
106
2
11
1
64
16
866
1,065
279
4
9
25
65
11
480
872
2
1
1
*
94
132
1,041
49
14
1
7
1®
I64
253
15
2
1
2
3
4
44
71
5
5
16
2
7
2
52
88
7
7
24
2
16
1
51
107
1,051
130
1,181
1,194
139,488 137,792
10
3
13
"1,6$$
427
624
5
125
552
629
65720-9 74.584
80
53
133
11,868
12
4
17
3,978
588
1
590
126
16
142
192
32
56,594
21,485
20
9
29
4,091
24
13
38
8,548
1,644
3
397
171
-
1,061
133
3
*
31
2
120
*
32
14
3
4
*
35
10
133
1
240
*
33
764
*
*
135
289
888 1,285
26
15
168 1,426
132
284
1,689 6,299
2
54
1,317 9,448
372
454
18
1
2,186 5,868
1,254 1,986
258 1,258
68
9
306
18
6
11
727
24
3,114
2a
3,076 9,026
130
7
6,988 3,967
2
49
126
23
625
1,673
21,991 45,338
356
30
49
66
97
36
877
1,513
77
164
19
14
121
63
343
42
547
132
16
618
215
125
64
137
9
277
151
834
93
692
24
106
82
4,964
Liabil
ities
to bank's
23
44
164
657
*
15
32
77
1,392
340
179
9,263
100
307
122
80
4,972
1,471
865
1
5,939
17
20
546
1
2,743
5,195
212
1,153
1
788
2,805
16
156
34,087
185
289
2
1,434
583
393
10
113
6
23
405
3,645
34
2,995
25
22
1,108
13,015
218
80
1,242
344
3,225
251
195
45
18
403
6
117
93
1
122
36
13
313
19
51
114
9
36
370
12
88
6
71
30
3
68
82
3
*
114
213
23
493
152
11
621
1
7
164
2
188
5
49
38
5
7
1,211
153
4,035
*
173
5,172
6
11
*
7
6
*
131
29
1,660
17
*
2
20
I64
36
40
122
14
55
112
1
61
27
6
245
28
79
19
10
30
665
2
-
54
58
4
41
2
5
2
20
3
50
y>
-
2
1
327
-
5
15
1
*
1
-
*
420
271
96
75
585
48
101
11
127
15,651
627
64
134
4
47
33
17
8
1
123
23
5
146,I
34
2,004:!J 2,701
19,117
4,237
105
1
62
15 ,
859i■
J
560
714
1
225
5
933
1
4,856
10
46
340
12
76
78^
2,616
77
39
12
114
71
I84
-
224
28,050
7
2
8
4
2
1
*
*
37
14
*
31
2
*
13
7
5
27
125
257
*
129
251
448
471
68
*
15
15
*
11
7
260
5
281
2,193
654
144
103
*
105
1,171
444
5,272
348
63
119
125
720
197
121
111
48
145
247
6
87
126
19
1,899
68
246
120
8
90
867
1
*
8
*
13
*
*
*
14
7
131
7
38
8
6
1
5
2
22
4
122
3
7
4
381
*
*
142
7
15
7
*
*
344
122
531
1
*
18
23
313
*
4
27
*
42
*
*
-
-
35
4
*
*
1
39
*
*
*
*
*2J
79
_
-
*
_
*
*
-2/
*
2
*
2
300
-2
11
_
1
_
*
13
6
*
6
2,879
-
460
*
16
408
_
3
_
*
_
*
4
9
1
1
10
8,911
2,076
14
518
200
14
*
_
10
“
620
14
76
90
8
*
1,456
1
442
110
5
~
113
10
7
2
8
*
61
*
3
26
-
252
110
1
5
2,833
2,823
10
808
2,014
141
91
368
2,215
-
1
6
-
-
1,080
142,319 140,615
1,704
64,017 '76,598
12,009
4,069
56,963
23,700
28,050
4,092
8,554
300
2,879
9,990
*
1
*
*
“
6
*
*
*
*
_
”
-
2,076
14
528
200
14
*
1/ As of end of June 1978.
2j U.S. Treasury 1)1118 and certificates held m custody for the account
_
-
*
24
387
-
-
of oil-exporting countries in "Other Asia”and "Other Africa" amounted
to $2,722 million.
* Less than $500,000.
643
328
109
-
98
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-H-1. - Total Claims by Type
(In millions of dollars)
Payable in dollars
Payable in foreign currencies
Loans
End of
calendar
year
or month
Total
claims
(1)
1968................... '12,278
1969 1/................ f 12,828
^12,930
13,877
Total
Total
Official
insti
tutions
(2)
11,813
12,295
12,397
13,242
(3)
6,323
6,087
6,084
5,749
(4)
775
15,973
16,022
798
806
996
1,007
Banks
764
764
623
Other
for
eigners
(5)
(6)
1,934
2,155
2,152
1,956
3,614
3,169
3,169
3,170
1,927
1,966
1,968
958
864
834
794
1,006
818
900
969
1,101
1,133
1,041
1,109
1,126
1,307
1,246
1,415
1,432
13,478
13,610
13,698
13,768
13,462
14,212
12,346
12,151
12,546
12,428
6,342
6,446
6,765
6,910
13,592
13,689
13,892
13,783
42,634
41,559
43,293
42,847
2,409
2,663
2,662
12,702
13,002
12,532
July.............
Aug..............
Sept.............
Oct..............
Nov..............
Dec........... .
81,874
81,085
83,812
86,507
87,357
92,562
80,039
78,970
81,869
84,300
85,270
90,205
2,536
2,759
2,792
2,896
2,889
2,961
1978-Jan..............
Feb..............
Mar..............
Apr..............
94,246
93,357
98,832
98,197
91,874
91,040
96,449
95,876
26,799
27,065
26,590
27,921
27,284
28,997
28,969
28,183
30,631
29,306
29,346
32,498
32,335
13,829
12,967
14,310
13,961
13,665
15,367
13,922
14,115
16,949
16,596
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
306
607
802
730
1,415
30,154
32,041
33,848
32,288
31,877
33,149
35,557
37,580
39,187
76,283
78,510
80,065
1/
428
669
656
1,103
941
12,991
13,087
13,209
78,210
>80,476
82,033
Total claims include claims previously classified as either
"short-term”or "long-term" on the Treasury reports filed by banks.
A monthly maturity breakdown was discontinued with new reports
filed as of April 30, 1978, and the historical series
been
adjusted accordingly. (See introductory text to Capital Movements
Section for discussion of changes in reporting forms and coverage.)
734
1,276
1,458
1,833
2,355
6,339
6,317
6,417
6,352
6,200
6,025
6,005
6,045
6,176
June.............
Note:
4,413
10,307
20,178
32,878
39,187
11,687
11,401
11,396
11,556
11,558
11,894
12,112
11,629
12,302
May..............................
3,037
3,079
3,003
3,311
2,853
3,092
315
369
445
445
4,160
11,237
11,147
12,358
1,444
1,709
1,989
2,885
2,961
14,212
(12)
549
548
441
441
4,307
5,637
5,467
5,756
6,176
13,106
17,777
21,516
28,308
30,631
(11)
864
917
886
886
1,407 2/
1,979 2/
25,985
44,958
58,307
79,302
90,205
466
129
181
181
1,118
26,719
46,235
59,767
81,135
92,562
(10)
Other
claims
534
534
635
1,954
2,015
4,243
4,254
3,204
3,226
19,539
19,853
Total
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
336
352
352
352
903
1,084
1,096
3,985
\ 16,939
1972 1/................ (20,425
^20,739
1977-Apr..............
(9)
2,854
3,169
3,202
2,389
2,928 2,/ 4,122
2,395 2/ 4,113
5,811
3,405
3J400
5,852
6,532
5,129
7,805
8,263
9,202
10,324
13,406
12,018
15,367
12,302
1977...................
1,733
Other
claims
2,475
2,475
3,269
3,276
7,848
7,314
10,213
10,259
1971 1 / 2 / ............. f 16,837
Collect
Accept
tions
ances
out
made for
standing
account
for
account of of for
reporting eigners
banks and
domestic
customers(7 ) (8)
1,835
2,114
1,944
2,207
2,086
2,355
2,371
2,317
2,383
2,321
841
941
940
895
948
1,034
283
1,422
1,435
1,288
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
2/ Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those clu-tum
of the U.S. agencies and branches of foreign banks on their head
offices and foreign branches which were previously reported as loans
are included in "Other claims"; and a number of reporting banks are
included in the series for the first time.
99
October 1978
__________________ CAPITAL MOVEMENTS____________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Total Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Bulgaria..................
Finland....................
German Democratic Republic..
Germany...................
Italy.....................
Norway.....................
Portugal..................
Turkey....................
Total Europe..............
Latin America and Caribbean:
Argentina.................
Brazil....................
British West Indies........
Chile.....................
Peru.............. .......
Trinidad and Tobago........
Venezuela.................
Other Latin America and
Caribbean........ ..... .
Total Latin America and
Asia:
China (Mainland)..........
India.....................
Israel.......... .........
Korea.....................
Thailand..................
Oil-exporting countries 2/..
Total Asia................
Africa:
Egypt.....................
Liberia...................
Morocco...................
Oil-exporting countries 3/..
Total Africa..............
Other countries:
All other.................
Total foreign countries .....
International and regional:
International.............
Latin American regional....
1977
1974
1975
1976
June
Sept.
Dec.
Mar.
43
397
n.a.
n.a.
96
147
864
n.a.
672
262
n.a.
441
381
180
n.a.
28
n.a.
317
209
342
98
2,909
224
133
419
38
369
n.a.
n.a.
109
181
1,645
n.a.
479
290
n.a.
461
346
134
n.a.
31
n.a.
435
205
244
174
5,339
406
213
592
67
673
n.a.
n.a.
150
206
1,643
n.a.
611
280
n.a.
1,034
337
139
n.a.
88
n.a.
755
221
492
280
7,138
495
236
701
77
784
n.a.
n.a.
137
180
1,894
n.a.
654
235
n.a.
967
516
153
350
133
n.a.
679
156
492
414
7,717
500
293
372
136
588
n.a.
n.a.
194
170
1,818
n.a.
711
258
n.a.
1,172
487
134
315
182
n.a.
751
203
706
421
7,754
501
288
288
75
817
n.a.
n.a.
179
174
2,137
n.a.
758
208
n.a.
1,367
379
164
356
175
n.a.
736
227
656
385
9,080
413
323
320
92
838
n.a.
n.a.
172
191
2,383
n.a.
911
212
n.a.
1,192
514
186
362
155
n.a.
749
181
828
345
9,308
370
320
271
124
948
54
8
167
205
2,467
61
1,029
243
40
1,222
489
239
364
149
61
877
265
912
387
9,888
411
427
173
8,163
3,277
11,691
3,371
15,548
3,686
16,703
4,091
17.078
3,856
18.929
4,163
19.580
4,835
21.211
5,079
882
3,430
91
2,258
947
446
777
14
170
n.a.
n.a.
2,673
n.a.
582
628
27
65
948
1,378
7,613
104
3,387
1,464
494
752
14
252
n.a.
n.a.
3,784
n.a.
1,144
807
31
57
1,336
1,192
15,493
150
4,902
5,082
598
676
13
375
n.a.
n.a.
4,844
140
1,374
935
35
45
1,850
1,102
16,306
140
4,609
4,788
536
589
13
428
n.a.
n.a.
4,674
156
1,025
1,002
51
38
1,711
1,176
15,800
164
4,614
6,080
557
634
13
466
n.a.
n.a.
5,204
177
1,203
971
47
59
2,092
1,479
19,919
232
4,665
6,633
680
678
10
519
n.a.
n.a.
4,922
229
1,415
962
48
80
2,336
1,642
22,813
196
4,836
6,993
710
598
3
546
n.a.
n.a.
4,846
221
1,705
920
53
65
2,402
1,733
19,154
154
4,899
7,593
818
680
3
612
101
62
5,234
235
1,950
953
47
66
2,542
1,054
1,383
1,422
1,231
1,259
1,352
1,566
1,380
14,992
24,000
39,127
38,398
40,516
46,159
50,115
48,217
39
694
270
56
228
501
12,777
1,058
71
n.a.
n.a.
507
153
12
477
714
288
17,845
23
1,054
295
58
246
721
11,072
1,791
77
n.a.
n.a.
534
384
10
520
744
322
17,852
5
1,345
326
70
218
760
11,379
1,982
46
n.a.
n.a.
719
425
32
442
1,459
369
19,576
41
1,586
442
63
205
504
10,360
2,127
57
137
90
541
481
37
581
1,425
175
18,853
27
1,650
451
81
218
471
9,700
2,280
38
177
107
653
350
14
646
1,500
120
18,484
12
1,721
550
55
232
589
10,087
2,341
78
127
132
596
476
30
634
1,769
109
19,538
12
1,657
617
99
202
495
10,592
2,095
53
135
130
662
580
64
657
2,231
127
20,410
18
1,611
817
94
207
477
11,190
2,425
85
139
115
702
836
22
734
1,870
115
21,457
126
10
n.a.
19
403
136
176
351
1,221
123
12
n.a.
9
695
181
382
572
1,975
135
17
n.a.
28
1,005
112
524
550
2,371
165
25
205
37
1,079
101
645
382
2,639
143
22
217
61
1,077
108
538
362
2,529
119
34
227
43
1,129
98
511
421
2,583
107
37
257
39
1,228
101
495
430
2,695
74
23
237
46
1,252
106
515
372
2,628
590
139
729
708
136
844
610
177
787
1,062
196
1,258
1,071
202
1,273
921
187
1,108
896
218
1,114
906
199
1,105
46.227
59.733
81.095
81.941
3
4
1
27
5
1
26
6
7
2
73
3
12
3
n.a.
n.a.
n.a.
8
46,234
33
59,766
40
81,135
_
Total international
and regional............
Grand total.................
June p
98.749
99.698
64
3
12
1
60
9
12
1
65
1
5
n.a.
60
2
12
4
1
n.a.
n.a.
n.a.
*
91
82,032
78
83,813
81
92,561
82
98,832
72
99,769
_
Through December 31, 1975, Suriname included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
United Arab Emirates (Trucial States).
1/
1978
... ........... .
.....
_
3/ Includes Algeria, Gabon, Libya, and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
_
-
100
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Banks’ Own Claims by Type and Country, Payable in Dollars, as of August 31, 1978
Preliminary
(Position in mil]ions of dollars
On foreign public
borrowers and unaffiliated
foreign banks
Country
(2)
(1)
Europe*
Bulgaria....................
France......................
German Democratic Republic....
Germany.....................
Greece......................
Italy.......................
Netherlands.................
Norway......................
Poland......................
Switzerland.................
Turkey......................
United Kingdom..............
Yugoslavia..................
Total Europe................
Latin America and Caribbean.
Argentina.............. .
Bahamas.....................
.ermuda.................. .
British West Indies.........
Chile.......................
Colombia....................
Ecuador.....................
Guatemala...................
Mexico......................
Panama......................
Trinidad and Tobago.........
Uruguay.....................
Venezuela...................
Other Latin America
Total Latin America
AsiaChina (Mainland)............
China (Taiwan)..............
Africa
Egypt.......................
Morocco.....................
Total Africa............... .
On bank's own
foreign
offices
(3)
On all
other
foreigners
(4)
37
12
52
3
2
41
85
548
9
87
50
*
166
141
69
11
9
34
388
59
97
130
519
54
166
12
8,660
4,336
2,739
975
107
693
46
6
145
216
1,796
53
625
125
27
1,027
405
163
361
105
61
672
283
849
314
6,909
343
280
125
93
428
43
4
101
130
896
43
344
70
27
649
159
94
350
96
27
270
224
315
185
3,631
290
114
77
15,735
2
213
-
—
3
1
352
1
194
4
213
105
-
-
14
*
438
*
2,759
-
3,346
1,715
656
1,550
22,196
194
4,260
6,879
816
683
1
560
115
44
5,001
198
1,625
929
32
56
2,515
924
2,252
56
2,833
1,011
460
424
*
252
29
28
2,900
27
719
745
27
35
1,102
137
19,894
2
358
5,842
2
14
*
13
10
5
35
11
485
4
1
3
28
1,218
596
80
542
49,471
14,418
26,926
8,127
7
1,200
664
73
125
504
9,659
1,924
29
151
116
742
778
6
693
2,026
6
814
242
23
74
326
*
94
197
19
4
10
2,165
77
6
84
96
32
558
133
307
1
292
225
31
48
169
4,428
491
10
7
14
379
26
3
127
418
3,783
6,668
3,066
1,356
13
59
6
330
194
3
434
1,301
—
489
50
136
1,669
26
354
245
*
295
76
11
2,066
160
421
180
4
18
1,385-
18,696
8,245
62
9
239
42
1,058
79
777
53
7
10
25
476
62
450
1
*
29
37
1
228
17
553
17
290
2,267
1,084
72
1,111
336
5
—
-
4
Other Countries.
835
282
217
All other...................
Total other countries........
145
980
40
49
56
322
267
391
Total foreign countries......
90,495
34,444
36,039
20,012
30
30
8
*
-
-
*
*
-
International and regional:
International...............
European regional...........
Latin American regional......
African regional............
Middle Eastern regional......
Total International and
* Less than $500,000.
-
8
*
-
“
38
38
90,533
34,481
"
”
*
36,039
20,012
October 1978
.__________________________________________ CAPITAL MOVEMENTS______________________________
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Payable in
foreign
currencies
Long-term
liabilities
(3)
2,737
1,608
1,225
382
1,129
3,511
V. 4,428
1,786
2,124
1,399
1,654
387
471
1,725
2,304
5,780
2,677
2,181
496
3,102
V
5,863
5,901
2,704
2,763
2,229
2,301
475
463
3,159
3,138
f^
6,659
7,017
3,119
3,414
2,635
2,948
484
466
3,540
3,603
7,899
9,799
4,012
5,922
3,300
5,022
713
900
10,345
6,018
5,414
605
3,886
3,877
4,327
10,184
10,117
9,845
10,545
11,095
11,516
6,598
6,595
6,480
7,190
7,873
8,311
5,886
5,828
5,763
6,340
7,070
7,426
712
767
717
850
803
885
3,585
3,523
3,364
3,355
3,222
3,205
1968....................
f
f
1978 Mar. p.............
Payable in
dollars
(2)
(1)
1977-Mar................
June...............
Sept...............
Total
Note*
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such I
cases, only the figure comparable to that for the following date is
shown.
■
1/ Data are shown for calendar year ends and for most recent five quarter
ends for which figures are available. Data are also shown
(4)
(5)
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
p Preliminary.
Treasury Bulletin
102
.CAPITAL MOVEMENTS.
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Liabilities by Country
_________________________________ (Position at end of period in millions of dollars)_________________________________
Calendar Year
Country
Austria............
Belgium-Luxembourg...
Denmark............
Finland............
France...........
Germany............
Greece.............
Italy..............
Netherlands.........
Norway.............
Portugal...........
Spain..............
Sweden.............
Switzerland........
Turkey.............
United Kingdom......
Yugoslavia.........
Other Western Europe.,
Poland............. .
U.S.S.R............
Other Eastern Europe.
Total Europe.,
Canada.........
Latin America:
Argentina...
Bahamas i/..
Brazil. .7...
Chile.,
Colombia.....................
Cuba.........................
Ecuador......................
Mexico.......................
Panama.......................
Peru.........................
Trinidad and Tobago..........
Uruguay......................
Venezuela....................
Other Latin American Republics.
Bermuda......................
British West Indies..........
Netherlands Antilles 2/.......
Other Latin America..7 ........
Total Latin America..........
1974
7
4
150
162
15
103
108
14
4
77
13
105
4
1,118
7
2
n. a.
1,986
3
139
9
7
140
232
40
98
125
9
13
75
48
102
10
961
16
3
n. a.
9
25
2,063
20
524
24
16
203
313
39
124
117
9
19
56
41
138
8
1,263
40
5
n. a.
48
16
1
n. a.
26
18
4
n. a.
7
17
39
n. a.
n. a.
24
428
64
12
9
38
22
14
*
n. a.
60
36
51
n. a.
n. a.
49
83
n. a.
n. a.
26
21
14
n. a.
2
4
6
22
593
728
922
32
26
42
34
41
14
14
25
295
37
n. a.
n. a.
n. a.
17
n. a.
n. a.
17
92
19
7
60
50
347
75
n. a.
n. a.
n. a.
25
n.a.
n. a.
183
536
10
4
81
29
134
25
1,007
76
8
n.a.
20
11
10
169
7
2
200
174
48
131
141
29
13
40
34
190
13
875
123
7
n.a.
9
___ 122,227
309
n. a.
46
13
15
n. a.
2
20
2,343
263
19
396
35
9
7
14
299
9
3
149
149
19
172
114
101
45
277
102
14
17
*
n.a.
82
16
29
n.a.
3
98
76
n.a.
n.a.
35
44
260
72
17
13
102
34
25
4
219
141
n.a.
n.a.
138
10
__ 100^
931
1,040
Mar.
June
Sept.
9
177
15
2
163
175
80
135
168
37
23
52
36
214
12
689r
113
6
6
15
7
2,135r
10
138
14
10
157
163
73
138r
205
33
20
68
36
236
21
721r
110
6
4
16
6
2,183
12
119
16
11
171
226
78
107
176
35
12
74
41
257
97
725
92
9
6
11
8
2,283
21
106
14
9
239
284
85
128
230
7
11
77
28
263
108
750
90
10
4
24
8
2,495
427
448
451
504
42
256
43
16
18
*
27
121
12
24
20
4
260
101
38
121
11
2
1,121
50
216
37
24
22
*
31
120
11
21
15
3
208
95
31
119
17
1
1,020
50
222
76
13
24
*
13
103
12
13
19
4
225
89
28
124
9
2
1,027
42
300
49
17
42
*
10
114
22
15
14
3
222
93
43
I64
25
2
1,178
53
306
62
14
26
*
15
177
12
22
13
5
283
78
66
181
41
3
1,359 ‘
2
138
27
41
80
45
183
95
2
32
2
73
44
12
11
1,168
15
l,971r
1
152
25
44
60
58
604
81
3
23
3
78
46
11
17
1,381
7
2,594r
8
156
40
37
56
63
695
108
2
15
3
74
69
5
17
1,469
10
2,825
4
164
32
26
57
68
767
104
2
12
4
99
76
5
11
1,363
15
19
4
6
130
30
55
Deo.
Mar. p
23
161
23
12
Ilk
335
108
104
252
9
7
94
37
229
99
861
82
8
2
15
20
2,754
530
Asia;
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan).....
Hong Kong....................
India........................
Indonesia......................
Israel.........................
Japan........................
Korea..........................
Lebanon......................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore....................
Syria..........................
Tnailand.......... ..........
Middle East oil-exporting countries 3/
Other Asia...................
‘
r
Total Asia....................
Africa:
Egypt........................
Liberia...................
Morocco...................
South Africa..............
Zaire.....................
Oil-exporting countries 4/..
Other Africa.......... ”..
Total Africa..............
Other countries:
Australia....
All other....
Total other countries....
Total foreign countries....
International and regional*
International..........
European regional.......
Latin American regional..
Asian regional.........
African regional........
Total international and regional.,
Grand total.................... .
12
7
15
19
225
21
n. a.
n.a.
n. a.
16
n. a.
n.a.
5
102
480
25
n. a.
n. a.
3
6
10
1,237
3
113
42
39
94
37
172
96
2
25
3
59
63
8
,
19
/ 1,268
V
13
2,057
68
n.a.
n.a.
n.a.
14
n.a.
n.a.
18
1.031
1,695
37
n.a.
n.a.
15
14
19
14
43
18
29
*
2
30
33
39
10
100
6
112
30
14
71
12
I
190
391
56
30
57
17
20ft,
3,414
4,012
5,922
276
6,018
84
591
53
19
72
6,403r
5,743
1/ Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975,Suriname included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
If
3/
1
96
17
7
136
31
277
192
192
2,809
33
4
4
72
27
39
361
50
589
45
4
5
105
29
48
287
45
568
13
4
6
112
20
46
311
51
563
325
41
609
78
20
98
6,310
93
18
111
1*036
75
18
cn
7,658
89
14
104
8,164
170
*
-
*
154
-
*
215
_
-
154
-------1Z£L
7,190
6,480
6.595r
6.598*
4/ Includes Algeria, Gabon, Libya, and Nigeria.
*
Less than $500,000.
p
Preliminary,
n.a. Not available.
...2151.
7,973
*
147
~
“
“
147
8,311
October 1978
103
___________________________ CAPITAL MOVEMENTS_________________________
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Liabilities, by Type and Country, as of March 31, 1978
Preliminary
(Position in millions of dollars)
Country
Europe:
Austria............................
Belgium-Luxembourg..................
Denmark.*......
„ ........
Finland............................
France.............................
Germany............................
Greece.........................
Italy..............................
Netherlands........................
Norway.............................
Portugal...........................
Spain..............................
Sweden.............................
Switzerland........................
Turkey.............................
United Kingdom......................
Yugoslavia.........................
Other Western Europe................
Poland... 1..........................
Other Eastern Europe................
Total Eurjope........................
Latin America:
Argentina..........................
B a h a m a s ....................
Brazil.............................
Chile..............................
Colombia...........................
Ecuador............................
Mexico.............................
Panama.............................
Trinidad and Tobago ................
Uruguay............................
Venezuela..........................
Other Latin American Republics.......
Bermuda................... .........
British West Indies.................
Netherlands Antilles................
Other Latin America.................
Total Latin America.................
Asia
China, People's Republic of
(China Mainland)...................
China, Republic of (Taiwan).........
Hong Kong..........................
India..............................
Indonesia..........................
Israel.............................
Japan............ .................
Korea..............................
Lebanon......................... .
Malaysia...........................
Pakistan...........................
Philippines........................
Singapore..........................
Syria..............................
Thailand...........................
Other Asia.........................
Total Asia.........................
Africa:
Egypt..............................
Ghana..............................
Liberia............................
Morocco............................
South Africa........................
Zaire............... ...............
Total
short-term
liabilities
Payable m
foreign
currencies
Payable m
dollars
_
23
161
23
12
274
335
108
104
252
9
7
94
37
229
99
861
82
8
2
15
20
2,754
.
53Q
18
145
22
12
257
272
107
94
232
8
7
83
36
149
98
741
82
7
2
15
20
2,404
________________ 322___________
All other..........................
Total other countries...............
Total foreign countries...............
International and reeional
Latin American regional.............
* Less than $500,000.
349
207
53
306
62
14
26
*
15
177
12
22
13
5
283
78
66
181
41
3
52
215
59
14
25
*
15
174
12
22
12
5
277
76
66
162
41
3
1
92
3
*
1
*
*
3
*
*
1,359
1,230
129
4
164
32
26
57
68
767
104
2
12
4
99
76
5
11
1,378
4
163
30
25
55
67
682
104
2
12
4
98
76
5
11
1,291
*
1
1
1
1
1
85
1
*
*
*
1
1
*
*
87
2.809
2,628
180
19
4
6
130
30
55
366
609
18
4
6
129
29
53
363
602
1
*
*
1
1
2
2
7
89
14
104
8,164
78
14
92
7,278
11
1
12
885
*
147
*
147
_
147
8,311
147
7,426
Other countries:
_
-
-
_
6
16
2
*
17
63
*
10
20
1
*
11
1
80
*
120
1
1
*
*
*
1
*
6
3
*
18
*
1
“
-TSS ...... .
Treasury Bulletin
104
__________________________ CAPITAL MnvttMWNTfi
____
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1972
Europe.
2
213
38
Belgium-Luxembourg................
Italy............................
U.S.S.R...........................
Total Europe..................
Latin America*
Chile............................
Panama............................
Peru.............................
Trinidad and Tobago...............
Uruguay..................... .....
Venezuela.........................
Other Latin American Republics.....
Bermuda...........................
British West Indies...............
Netherlands Antilles ?J...........
Other Latin America...............
Total Latin America...........
Asia*
China, People's Republic of
ffiMnp M m nl
.. ..........
China, Republic of (Taiwan)........
Hong Kong.........................
India............................
Indonesia........................
Israel............................
Japan............................
Korea............................
Lebanon...........................
Malaysia..........................
Pakistan..........................
Philippines.......................
Singapore.........................
Syria............................
Tnailand..........................
Middle East oil-exporting countries 2
Other Asia........................
Total Asia........................
Africa*
Eerot.........................
Ghana............................
Liberia...........................
Morocco...........................
South Africa......................
Zaire............. .............
Oil-exporting countries 4/* . ...
Other Africa.................
Total Africa......................
Other countries
Australia.........................
All other.........................
Total other countries.........
Total foreign countries......... .
International and regional
International..................
European regional..................
Latin American regional............
Asian regional............ ........
African regional...................
Total international and regional......
Grand total..........................
*
*
2,613
94
2,706
104
3,032
100
3,309
155
1
1
1
177
3
1
1
1
238
H/
1
1
4
5
572
983
1,112
31
392
8
150
219
2
471
1976
1975
_
175
36
55
361
20
152
207
*
*
3
5
573
10
196
27
6
171
31
58
506
1
87
214
1
34
396
1
69
277
1
*
5
38
260
1
1,421
5
31
522
*
1,631
*
1
n. a.
19
*
June
Mar.
6
173
31
32
391
1
57
272
*
*
5
35
178
3
l,389r
1
n.a.
16
*
x
*
83
2,726
2,657
87
80
n a
3
7
n a”
3
3
n#a*
1
7
n*a*
1
7
n,&*
2
5
n* a*
*18
1
385
n* a*
5
9
505
n* a*
7
7
216
n* a*
*29
11
299
n*a*
*27
60
289r
1
1
1
1
1
2
*
4
397
»
5
397
*
n.a.
n.a.
n.a.
g
n.a.
n.a.
1
*
5
413
*
n.a.
n. a.
*
3
367
*
n. a.
n. a.
n. a.
6
n. a.
n. a.
n. a.
n. a.
n. a.
7
n. a.
n. a.
;
503
2
531
82
460
87
496
*
n. a.
*
n. a.
n. a.
*
n. a.
*
*
_
n. a.
*
n. a.
6
4
1
*
6
490
n. a.
n. a.
n. a.
5
n. a.
1
n.a.
9
423
f
1,2%
*
2,458
*
78
*
2,540
'
67
3
156
7
1
1
*
30
2
*
9
3
9
2
44
21
*
3
146
6
I
2
*
30
1
*
8
*
3
9
*
19
24
*
2i
*
3
9
2
53
29
*
292r
301
294
2S*
253
I
*
1
2
*
*
5
386
*
*
*
*
1
*
_
1
11
1
*
1
2
*
*
5
319
*
*
*
*
1
*
*
1
28
*
1
3
*
*
4
305
*
*
*
*
1
*
1
27
*
1
3
*
*
4
250
*
*
*
*
1
1
1
23
*
432
408
358
342
284
*
*
*
1
*
1
-
*
*
*
*
1
*
*
*
*
*
*
*•
1
*
(
31
295
n
41
293
1
*
9
31
2a
2
30
2
*
1
*
3
8
2
49
29
*
3
g
J>
.56
2Q
7
l
159
7
1
1
_
■
j,
5
240
25
1
*
*
*
r
*
1
_
1
6
2
2
1
(
I
1
1
2
2
3
3
2
2
66
*
57
58
59
8
58
59
59
67'
59
3.36#
3.355
1
*
32
64
*
2
3,603
33
3,886
65
3,877
n. a.
1
66
4,327
58
3,585
_
_
_
-
*
_
1
167
7
1
1
_
*
26
2
*
6
217
24
*
26
255
1
45
288
1
*
5
32
2a
2
1,232
*
*
*
83
*
*
83
*
*7A
/o
Mar. p
n a
n*a*
**
1
*
8
*
3,886
2,565.
79
Dec.
*
*
1
*
1
_
1
1
•
6
_
3,603
2,50? ,
*
*
1
*
*
8
512
*
n. a.
n. a.
n. a.
6
n. a.
n. a.
1
n a
*18
2
Sept.
5
176
27
*
28
407
1
45
272
1
*
6
32
224
2
1,255
•H
23
2
*
n.a.
n a
3
4
1978
6
184 o
27
*
29
370
1
46
262
1
*
5
35
177
4
1,277c,
*
1
*
83
163
5
1
1
163
5
1
1
1
11
1
n. a.
1
2
4
*
)
1974
1
266
29
*
24
474
1
i//
218
1
*
5
30
590
*
1,236
*
1
n. a.
9
*
1
343
1
1
Bahamas A/........................
1973
1977
_
3,877
1/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Suriname included with Netherlands Antilles.
_
_
L
2/
1
59
. 3,52? ^
" ..
1
_
_
_
_
_
_
-
_
-
3,523-
3,364
3,355
1
_____ -60.
1
60
3.205
“
“
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
the United Arab Emirates (Trocial States).
U Includes Algeria, Gabon, Libya, and Nigeria.
*
Less than $500,000.
p
Preliminary,
n.a.
Not available.
_
*
1 ■
■
■1
3,205
Arabia and
______
■
"
1
3,222
105
October 1978
___________________________ CAPITAL MOVEMENTS_______________________________
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-l. - Claims by Type
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
1/
Total claims
(1)
1968...................
10*79 O/
1977-Mar...............
June..............
Sept..............
1978-Mar. p............
Note
Total
(2)
Payable in
dollars
___ (3) ......
Payable in foreign currencies
Deposits with banks
Other short-term
abroad in reporter's
claims payable in
own name
foreign currencies
(4)
(5)
Long-term
claims
(6) .....
5,572
3,783
3,173
368
241
1,790
f 5,925
V6>523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
4,160
3,579
234
348
2,950
f 8,303
^ 8,068
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
f 9,094
9,960
5,723
6,294
5,074
5,643
411
393
238
258
3,370
3,666
12,529
15,806
17^047
8,471
11,263
12,128
7,584
10,241
11,023
493
473
566
394
548
539
4,544
4,919
19,139
19,886
21,023
19,668
21,104
23,329
14,183
14,941
16,125
14,971
16,050
18,215
13,181
13,925
15,012
13,925
14,704
16,587
446
431
448
414
620
670
557
585
665
632
726
958
4,955
4,946
4,898
4,697
5,054
5,114
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
4,057
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures an the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
p Preliminary.
_
Treasury Bulletin
106
.CAPITAL MOVEMENTS.
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Switzerland........
Turkey.............
United Kingdom......
Yugoslavia.........
Other Western Europe.
Poland.............
U.S.S.R...........
Other Eastern Europe.
Total Europe........
Canada................
Latin America
Argentina......... .........
Bahamas 1/..................
Brazil.....................
Chile........................
Colombia.....................
Cuba.........................
Ecuador....................
Mexico................... .
Panama.....................
Peru.........................
Trinidad and Tobago..........
Uruguay....................
Venezuela....................
Other Latin American Republics.
Bermuda....................
British West Indies..........
Netherlands Antilles 2/.......
Other Latin America..........
Total Latin America.,
Asia:
China, People's Republic of
(China Mainland).............. .
China, Republic of (Taiwan)......
Hong Kong...................... .
India........................
Indonesia...................... .
Israel..........................
Japan..........................,
Korea..........................
Lebanon.........................
Malaysia....................... .
Pakistan........................
Philippines.................... .
Singapore......................
Syria...........................
Tnailand....................... .
Middle East oil-exporting countries 2/ \
Other Asia........................ J
Total Asia.
Africa:
Egypt....................
Ghana................ .
Liberia..................
Morocco.....,............
South Africa.............
Zaire.................. ..
Oil-exporting countries k/..
Other Africa.............
Total Africa..
2/
Mar. p
24
226
44
59
430
393
52
352
161
38 ~
34
307
91
146
32
2,409
20
15
70
62
26
24
211
56
13
513
453
41
387
166
42
69
387
117
220
39
2,687
20
25
103
55
31
21
187
47
13
545
410
42
384
184
42
27
407
115
238
48
2,526
24
33
95
44
25
4,991 _
2,509
5.660
2,600
5.457
3,347
53
1,906
414
40
85
*
48
302
222
30
12
5
256
197
123
835
8
30
53
2,007
517
45
84
*
56
314
91
32
17
5
277
208
117
603
12
37
53
3,088
496
40
83
*
50
312
178
30
16
7
317
204
259
665
24
64
4,965 '
4,567
4,476
5,885
7
131
93
51
184
70
927
158
18
24
23
90
43
10
22
424
40
2,315
12
139
73
42
185
46
1,026
153
23
28
20
111
36
6
24
447
32
2,403 '
9
157
98
38
375
38
1,068
174
19
37
33
99
35
8
23
514
50
2,774
22
145
84
85
189
47
1,372
!35
18
32
23
94
70
9
31
565
45
r 2,966
Sept.
1976
lifer.
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
1,847
22
21
n.a.
91
50
4,450
1,613
16
133
39
81
291
355
33
380
167
41
44
407
62
242
27
1,903
36
14
n.a.
150
70
4,490
21
162
56
77
438
378
51
384
166
51
40
369
90
241
25
2,415
26
20
' n.a.
156
85
23
170
48
40
436
367
90
473
172
42
35
325
93
154
32
2,413
30
18
69
105
35
26
212
40
90
413
377
86
440
182
42
30
322
92
179
37
2,963
28
15
74
76
28
5.170
2,426
..5,751 .
2,574
67
594
468
106
54
1
n.a.
308
131
44
n.a.
5
193
199
n.a.
n.a.
20
147
2,335
58
667
409
36
49
1
n.a.
362
91
41
n.a.
4
175
159
n.a.
n.a.
12
303
2,366
44
1,442
682
34
59
1
n.a.
332
76
42
n.a.
5
190
276
n.a.
n.a.
9
468
46
1,920
535
35
75
1
34
317
105
32
13
6
210
191
177
726
14
11
51
2,271
457
28
72
1
43
301
121
28
12
5
240
182
175
911
8
60
3,662
4,448
48
37
56
38
943
104
n.a.
n.a.
n.a.
73
n.a.
n.a.
19
17
138
62
37
92
44
1,230
201
n.a.
n.a.
n.a.
97
n.a.
n.a.
24
60
162
110
39
140
54
1,132
262
n.a.
n.a.
n.a.
96
n.a.
n.a.
22
3
197
96
55
179
41
912
117
n.a.
n.a.
n.a.
n.a.
n.a.
22
239
1,689
384
2,326
549
2,625
568
2,276
7
130
107
35
206
51
969
130
15
19
18
86
43
7
27
426
^
2,316
9
n.a.
n.a.
3
62
18
15
n.a.
n.a.
7
101
24
22
n.a.
n.a.
30
94
24
28
n.a.
n.a,
11
87
21
124
225
372
256
406
247
393
83
23
97
25
6,294
8,471
116
49
165
11,262
102
39
____ 141
12,127'
*
*
*
*
*
*
*
*
—
1
12,128
19
73
29
25
209
190
35
187
81
16
19
153
57
82
48
1,213
12
12
n.a.
23
19
2,502
960
55
662
17
106
46
44
278
280
51
230
108
18
49
242
71
102
25
1,545
36
15
n.a.
77
i..J7..
3,368
1,235
47
626
170
25
39
232
n.a.
181
85
36
n.a.
4
92
95
n.a.
n.a.
13
42
1,500
n.a.
1
65
36
33
48
31
508
67
n.a.
n.a.
n.a.
59
n.a.
n.a.
15
201
6
n.a.
n.a.
4
52
-Other, q.qymtries.
Australia....
All other....
Total other countries....,
Total foreign countries....,
International and regional:
International.......... .
European regional .......
Latin American regional..
Asian regional.........
African regional........
Total international and regional.
Grand total....................
Dec.
June
1975
1974
1972
Austria.......... .
Belgium-Luxembourg.,
Denmark.......... .
Finland.......... .
France...........
Germany...........
Greece........... .
Italy............ .
Netherlands........
Norway........... .
Portugal......... .
Spain............ .
1978
6,294
34
40
1
238
61
47
n.a.
5
134
140
n.a.
n.a.
13
222
1,840
11
121
8,471
2,099
11,263
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Suriname included with Netherlands Antilles.
2/
U
p
-5-25J--2,460
f
L
'
'
113
429
24
5
41
11
69
17
91
111
370
22
3
49
10
75
19
94
75
346
38
6
43
21
75
15
108
87
393
33
5
62
20
71
11
115
90
408
105
36
141
114
36
150
110
40
149
113
41
153
111
35
146
116
34
150
14,182
14,938
16,124
14,970
16,049
18,214
2
1
*
*
2
*
1
*
-
1
1
*
-
1
*
*
_
-
1
1
*
_
*
1
_____ 1
1
1
14,941
16,125
*
1
*
*
“
1
14,183 i
f
f
V
70
3
51
12
80
19
82
.
.
14,971
16,050
18,215
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary. *
Less than $500,000.
n .a. Not available
107
October 1978
.CAPITAL MOVEMENTS
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-3. - Short-Term Claims, by Type and Country, as of March 31, 1978
Preliminary
(Position m millions of dollars)
Total
short-term
claims
Country
Europe:
Austria............................
Belgium-Luxembourg..................
Denmark......................
Finland.................... ........
France.............................
Germany....,........................
Greece.............................
Italy..............................
Netherlands........................
Norway.............................
Portugal...........................
Spain..............................
Sweden.............................
Switzerland........................
Turkey.............................
United Kingdom......................
Yugoslavia.........................
Other Western Europe................
Poland.............................
Latin America:
Argentina..........................
Bahamas............................
Brazil.............................
Chile..............................
Colombia...........................
Ecuador............................
Mexico.............................
Panama.............................
Trinidad and Tobago ................
Uruguay............................
Venezuela...........................
Other Latin American Republics.......
Bermuda............................
British West Indies.................
Netherlands Antilles................
Other Latin America.................
Total Latin America.................
Asia:
China, People’
s Republic of
(China Mainland).............. .....
China, Republic of (Taiwan).........
Hong Kong..........................
India..............................
Indonesia..........................
Israel.............................
Japan..............................
Korea..............................
Lebanon............................
Malaysia............ ...............
Pakistan...........................
Philippines............. ...........
Singapore..........................
Syria..............................
Thailand...........................
Other Asia.........................
Total Asia..........................
Africa:
Egypt..............................
Other countries:
,
Payable in foreign currencies
Deposits with
Other short-term
banks abroad
claims payable in
in reporter's own name
foreign currencies
14
113
43
13
507
338
41
377
147
32
27
376
110
158
47
2,383
24
30
94
43
25
*
52
1
*
3
43
1
3
26
*
*
28
4
67
1
96
*
2
*
*
*
7
22
3
*
34
29
1
4
11
10
*
4
1
12
*
47
*
1
1
1
*
4,9a
327
189
2,928
55
36A
50
312
178
30
16
7
317
204
259
665
24
64
5,885
53
2,990
473
40
80
*
50
301
177
28
14
7
309
191
257
663
24
63
5,721
98
20
*
1
*
*
*
*
1
1
*
1
7
1
1
*
*
*
*
3
*
2
*
10
*
1
1
133
7
5
*
*
*
32
22
145
84
85
189
47
1,372
135
18
32
23
94
70
9
31
610
22
142
80
81
188
46
955
133
17
31
23
93
67
9
30
564
1
*
3
*
*
119
*
*
*
*
1
2
*
*
9
*
2
4
1
1
1
299
2
1
*
*
1
1
*
1
37
2,966
2,480
135
350
33
5
62
20
71
11
205
Z.08
31
3
62
19
64
6
192
378
1
2
*
*
2
3
9
18
1
*
*
1
5
2
3
12
116
34
150
18,214
105
33
138
16,586
1
1
2
670
10
*
11
vO
00
Other Eastern Europe................
Total Europe............... ........
21
187
47
13
545
410
42
384
184
42
27
407
115
238
48
2,526
24
33
95
44
25
Payable in
dollars
1
1
*
_
-
1
1
1
*
*
1
18,215
16,587
670
958
5.457
■
_________ h M L _________
53
3,088
496
40
83
*
International and regional*
_
*
Total International and regional.....
* Less than $500,000.
Treasury Bulletin
108
CAPITAL M OVEM ENTS_______________________________
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
(In millions of dollars)
End of
calendar year
or month
Total
short-term
liquid
claims
1968...................
f
1970...................
1971 2/
1972 2/
1973...................
1974...................
1975,..................
1976.... ..... .........
1977...................
V
V
(
\
/
^
(1)
1,638
1,318
1,491
1,141
1,648
1,507
1,965
2*373
3,185
3,357
3,799
5,506
6,936
Payable in dollars
Payable in foreign currencies
Deposits
Time
Demand
(3)
(4)
1,192
28
951
1,062
697
1,092
1,078
1,446
1,910
Total
(2)
1,306
1,068
1,222
847
1,295
1,205
1,615
1,966
2,641
2,660
3,042
4,824
5,999
Short-term
investments 1/
(5)
87
116
161
150
234
234
307
340
Short-term
investments 1/
(9)
60
76
86
121
120
68
42
68
431
429
511
397
553
113
268
246
286
384
Demand
(7)
49
(6)
332
250
269
294
354
302
350
408
203
127
169
55
37
69
332
373
402
2,604
2,591
2,'710
4,451
5,597
Deposits
Total
Time
(8)
222
174
183
173
544
697
757
683
937
I
1977-July..........
6,261
6,:505
5,766
6,493
6,182
5,597
443
524
443
505
446
402
754
737
695
725
936
937
1
396
394
358
374
496
553
358
343
337
351
440
384
6,679
7,321
7,792
7,953
8,420
7,770
6,226
6,836
7,213
7,310
7,814
7,218
7,639
7, 156
454
485
578
644
606
553
483
1,014
990
1,137
1,096
1,018
1,142
1,285
553
533
608
597
492
599
669
462
458
530
499
526
543
616
Sept..............
Oct...............
Nov.............. .
Dec...............
7,766
6,904
7,722
7,564
6,936
6,705
7,029
6,209
6,998
6,627
5,999
1978-Jan...............
Feb...............
Mar...............
Apr...............
May.............. .
June..............
7,694
8,312
8,929
9,049
9,439
8,912
July..............
8,924
,
1
.....
Note:
Data represent the liquid assets abroad of large nonbanking
concerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown m Tables CM- V-l through CM- V-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner.
_
1
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line
are comparable to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Table CM- V-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
1978
Calendar year
Country
Belgium-Luxembourg.......
France........... .
Germany..................
Italy......... ..........
Netherlands..............
Switzerland..............
United Kingdom...........
Canada...................
Bahamas............. .
British West Indies l / . , ,
Japan....................
All other countries 2/.,,,
Total.........................
1973
1974
51
18
10
16
6
6
1,128
775
597
n.a.
299
279
3,185
23
3
10
4
12
15
1,350
967
391
n.a.
398
184
3,357
1975
63
12
29
3
14
68
1,306
1,156
546
n.a.
345
256
3,799
1976
1977
Mar.
Apr.
May
67
33
25
3
16
72
1,817
123
37
109
5
26
59
2,006
1,696
79
35
55
7
44
73
1,810
56
49
51
2
21
113
1,746
2,702
2,988
55
28
70
12
19
79
1,595
2,771
3,569
680
258
1,541
1,322
n.a.
1,883
n.a.
113
497
5,506
153
839
6,936
Note:
Data represent the liquid assets abroad of large nonbanking concerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM- V-l through CM- V-3.
2,463
2,952
n.a.
405
1,006
8,929
541
290
491
9,049
304
9,439
June
July
44
41
71
10
18
91
1,683
2,547
32
49
104
2
21
81
1,861
2,513
3,222
609
286
2,975
1,004
273
156
8,912
8,924
1/ Through March 1978, British West Indies included in "All other
countries."
Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
2/
109
October 1978
___________________________ CAPITAL MOVEMENTS_____________________________
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of July 31, 1978
(Position in millions of dollars)
Country
Belgium-Luxembourg.............
France.........................
Germany........................
Italy.........................
Netherlands....................
Switzerland....................
United Kingdom.................
Canada.........................
Bahamas...... «............... ..
British West Indies.............
Japan..........................
All other countries 2/......... .
Total..........................
Total
short-term
liquid
claims
(1)
32
49
104
2
21
81
1,861
2,513
3,222
609
286
Payable in foreign currencies
Payable in dollars
Total
(2)
Deposits
(3)
Short-term
investments 1/
(4)
-
15
48
68
*
15
32
68
*
4
18
1,740
1,897
4
18
1,729
1,454
3 ,1 3 1
3 ,1 3 1
10
444
-
607
607
-
41
41
-
16
-
Total
(5)
Deposits
(6)
17
1
35
2
17
63
121
616
92
2
245
Short-term
investments 1/
(7)
*
17
1
35
2
17
63
121
85
84
2
531
167
78
8
-
144
70
57
13
75
75
-
8,924
7,639
7,156
483
1,285
669
616
Note*
Data represent the liquid assets abroad of large nonbaniing concerns
in the United States. They are a portion of the total claims on foreigners
reported by noribariking concerns in the United States that are included
in the series published in Tables CI1-V-1 through CM-V-3.
1/ Negotiable and other readily transferable foreign oblxgations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner,
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any countiy not listed above.
* Less than $500,000.
110
Treasury Bulletin
jCAPITAL MOVEMENTS.
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe.
Austria.............
Belgium- Luxembourg...
Denmark.............
Finland.............
France...........
Germany.............
Greece..............
Italy...............
Netherlands.........
Norway..............
Portugal............
Spain...............
Sweden..............
Switzerland.........
Turkey..............
United Kingdom......
Yugoslavia..........
Other Western Europe.
Poland..............
U.S.S.R......... ,___
Other Eastern Europe.
Total Europe........
Canada................
Latin America;
Argentina.....................
Bahamas V ...................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico......................
Panama........................
Peru..........................
Trinidad and Tobago...........
Uruguay.......................
Venezuela.....................
Other Latin American Republics.
Bermuda.......................
British West Indies...........
Netherlands Antilles 2 / ......
Other Latin America...........
Total Latin America.
Asia:
China, People's Republic of
(China Mainland).............. .
China, Republic of (Taiwan)......
Hong Kong..................... .
India.........................
Indonesia.............................................
Israel........................
Japan......................... .
Korea......................... .
Lebanon....................... .
Malaysia...................... .
Pakistan...................... .
Philippines................... .
Singapore..................... .
Syria..........................
Tnailand...................... . ..
Middle East oil-exporting countries 2 /
Other Asia.....................
Total Asia.
Africa;
Egypt....................
Ghana....................
Liberia...................
Morocco..................
South Africa..............
Zaire....................
Oil-exporting countries i j
Other Africa..............
Total Africa.
Other countries;
Australia.....
All other.....
Total other countries........
Total foreign countries........
International and regional:
International................
European regional.............
Latin American regional.......
Asian regional................
African regional..............
Total international and regional..
Grand total....................
1/
2/
2/
1972
7
7
7
6
26
7
43
45
364
28
16
65
34
29
27
191
16
13
n. a.
1974
1973
8
10
2
6
43
9
37
56
339
30
13
55
25
52
26
290
16
1,007
1,283
935
1,141
238
32
9
n. a.
64
35
16
n. a.
4
30
241
n. a.
n. a.
•*
13
955
48
131
145
254
12
9
n. a.
79
49
18
n. a.
18
38
239
n. a.
n. a.
1
1,421
1,530
1,475
1,486
1,462
38
8
172
315
18
9
n. a.
216
115
26
n. a.
18
459
217
n. a.
n. a.
106
36
133
83
34
125
208
32
9
19
178
121
39
7
19
294
257
4
2
26
1
55
36
134
201
31
9
20
187
119
38
6
19
229
258
4
*
25
1
70
40
144
203
25
9
19
177
141
41
6
18
230
253
2
*
26
1
67
42
154
194
21
9
20
183
144
41
5
2
217
256
2
1
25
1
1,406
1,387
2
329
10
2
8
17
960 *
15
21
6
1,391
1,640
1,521
1,489
1,457
1,371
46
7
52
3
7
24
34
42
3
5
66
187
96
220
12
7
9
117
38
3
4
62
197
20
7
9
140
9
27
5
3
70
200
1?9
15
7
6
138
9
-
-
2
1
_____ 7
1,061
54
4
15
37
92
125
91
n. a.
n. a.
n. a.
85
n. a.
n. a.
8
81
93
613
94
4
n. a.
n. a.
*
4
n. a.
n. a.
*
2
1
22
2
78
87
11
33
123
112
164
n. a.
n. a.
n. a.
83
n. a.
n.a.
6
122
90
197
n. a.
n. a.
n. a.
78
n. a.
n. a.
5
248
33
9
n.a.
195
110
40
n.a.
20
2
6
89
172
77
228
n.a.
n.a.
n.a.
89
n.a.
n.a.
5
91
669
73
3
n. a.
n. a.
1
17
n. a.
n. a.
1
31
n.a.
n.a.
1
26
8
12
2
10
125
168
32
17
49
4,054
35
19
55
-JLZ_
4,913
4,948c
29
20
49
4,538
33
51
10
-
4
35
3
817
m
4,544
4,919
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975,Suriname included with Netherlands Antilles.
Includes Bahrain, Iran, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
4,955
8
23
5
5
62
218
28?
2
6
6
135
5
1
2
-
-
30
3
809
24
*
55
*
25
_
49
*
27
_
52
*
25
65
199
67
158
72
165
60
161
54
156
34
18
52
34
17
51
31
16
48
28
15
43
28
17
44
4,681.
5,039
5,099
_
_
16
16
4,697-
_
2
-
96
1
11
1
4,930
_
16
4,057
*
23
5
5
57
220
M
2
6
6
159
32
3
833
10
1
4,882.
_
3,666
12
44
2
17
80
73
3
29
81
12
26
63
67
48
7
332
12
3
4
11
5
930
1,792
20
6
6
47
42
59
273
287
n.a.
n.a.
27
112
19
n. a.
18
154
217
n. a.
n. a.
3
40
1
16
32
75
133
65
n. a.
n. a.
n. a.
63
n. a.
n. a.
4
29
5
34
3,662
11
41
2
17
67
76
4
29
81
13
21
47
50
42
8
282
8
3
5
13
6
826’
97
34
125
210
32
9
15
180
126
38
6
19
298
267
4
2
26
1
44
19
187
435
13
9
n. a.
153
20
10
11
39
1
17
63
76
5
30
147
14
21
47
50
43
6
283
7
2
7
19
6
898
Mar. p
Dec.
11
12
11
11
11
38
1
18
65
84
7
34
154
16
12
44
52
53
10
259
8
2
8
18
7
899.
Sept.
n.a.
6
9
46
42
44
3
364
20
1978
June
3
n. a.
37
1
17
59
72
9
34
156
17
13
33
50
57
1
271
57
37
15
41
217
21
4
n. a.
11
12
45
*
40
280
11
Mar.
11
39
2
17
71
70
3
28
82
13
21
46
50
49
7
310
12
3
4
12
5
857
1,776
8
15
1
7
53
23
7
n. a.
9
60
25
187
1977
1976
-
_
16
“
-
..... 16
4,946
..16.
4,898
31
9
797
2
10
6
U
Includes Algeria, Gabon, Libya,and Nigeria.
p
Preliminary.
*
Less than $500,000.
n.a. Not available.
1
10
12
26,
2
789
1
—
51
*
26
15
10
-
15
-
125,054
________
15
-
15
5,114
111
October 1978
.CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Corporate and other securities
Marketable Treasury bonds and notes
Calendar year
or month
Net foreign purchases
Total
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
1977.............
1978-Jan.-Aug. P. •
-489
-45
56
1,672
3,316
305
-472
1,995
8,096
22,823
2,982
Foreien
Official Other
insti
tutions foreigners(3)
(2 )
-380
51
-115
59
123
-41
1,661
-119
3,281
-22
465
5
-642
69
1,612
203
5,117
277
782
20,328
2,752
522
1977-Aug......... 4,151 3,696
Sept........ 3,483 2,493
Oct......... 3,257 3,052
Nov......... 3,337 2,885
Dec.........
598
959
1978-Jan......... 1,481 1,714
Feb.........
278
-277
Mar.........
851
975
Apr......... -1,569 -1,690
-295
-566
June........ 1,341
592
July p ......
470 1,293
Aug. p ......
425
710
100
71
65
76
-9
60
107
22
27
98
76
29
103
Inter
national
and
regional
(4)
-161
11
-25
130
57
-165
101
180
2,702
1,713
-292
354
919
141
375
370
Federally-sponsored agencies
Stocks
Bonds 1/
Gross
Gross
Net
Gross
Gross
Net
Gross
Gross
Gross (let
Gross
foreign foreign foreign foreign
foreign foreign foreign foreign foreign
foreign foreign
purchases sales
purchases purchases sales
purchases purchases sales purchases purchases Sales
(5)
443
528
691
2,414
4,358
2,738
' 3,382
8,898
25,610
39,797
21,578
5,456
4,626
4,846
(12)
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
1,818
1,373
120
118
123
13
43
17
131
9
-34
353
149
315
233
241
129
179
123
165
222
382
290
1,023
1,012
973
1,281
1,235
134
230
180
150
515
262
195
115
117
116
136
118
99
171
183
162
113
115
63
492
713
427
110
1,024
825
1,413
1,864
2,391
2,035
900
847
752
899
945
909
762
921
1,151
1,963
1,925
37
281
371
475
334
194
9
-235
1,305
2,444
1,296
2,678
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
986
(8)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,297
2,989
(9)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,585
2,004
1,964
1,202
956
703
1,881
1,961
1,039
766
1,207
1,623
942
1,306
1,143
1,589
1,665
1,392
342
-1
526
504
44
66
95
-30
2
.95
2^9
398
398
264
690
614
175
325
344
162
266
416
56
264
I64
111
131
259
249
450
160
171
188
659
398
261
266
-293
447
-145
94
172
672
5,002
2,351
3,380
2,360
2,576
1,808
2,982
2,965
1,899
2,082
1,725
, 3,377
1 3,278
1,625
-852
-388
2,653
2,853
1 2,183
2,427
'f
1/ Data include transactions in issues of states and municipalities.
Through December 1976, data also included transactions in issues
of U.S. Government corporations and Federally-sponsored agencies.
420
(15)
(14)
13,118 10,848
12,429 ■
10,942
8,927
8,301
11,626 10,894
14,361 12,173
9,978
12,767
7,636
7,096
15,355 10,678
18,227 '15,475
14,154 11,479
13,301 11,606
(11)
4,446
3,054
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,442
2,315
(10 )
(6)
932
574
634
742
1,043
2,433
3,854
6,903
17,514
16,974
18,596
(13)’
2,270
1,487
626
731
2,188
2,790
540
4,678
2,753
2,675
1,695
►
! p Preliminary.
| n.a. Not available.
Table CM-VI-2. - Foreign Purchases and Salejs of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales iby foreigners or a net outflow of capital from
l|
Foreign bonds
Net foreign
Calendar year
purchases
or month
Net foreign
Gross foreign
of foreign
Net foreign
Gross foreign
purchases 1
purchases
purchases |
securities
sales
(1)
(2)
(5)
(4)
(3)1!
1'
1968..........................
-1,695
-1,380
2,306
3,686
-314
-1,547
1,55b
-1,029 1
2,581
-517
-915
-951
1>49|0
35
2,441
-984
-935 1
2,621
1,68?
-49-622
1,901
-1,031
2,932
409
-818
-993
2,467
1,474
176
-2,218
1,036
-2,034
3,254
I84
-6,526
-6,338
8,720
2,383
-188
-9,097
4,932
13,706
-8,774 1
-323
-5,115
8,052
-5,524
13,167
-410
1978-Jan.-Aug. p ...............
462
-2,492
7,110
10,064
-2,954 ,
1977-Aug.......................
Oct.......................
Nov.......................
Dec.......................
1978-Jan.......................
Feb......................
Mar......................
Apr......................
May.......................
June......................
July p....................
Aug. p....................
P»
Preliminary.
-1,085
-644
-177
-292
-279
-469
-69
-412
-358
-51
-707
-146
-1,022
-674*
-283
-326
-338
-572
-181
-526
-501
-39
the United States)
Foreign stocks
Gross foreign
purchases
Gross foreign
sales
(6)
(7)
1,252
1,519
1,033
1,385
2,532
1,729
1,907
1,542
1,937
2,255
2,505
1,566
2,037
998
1,434
2,123
1,554
1,723
1,730
2,259
2,665
2,044
-648
799
693
786
593
885
691
522
797
1,169
1,017
1,012
1,821
1,367
1,069
920
1,223
1,263
703
1,322
1,670
1,056
1,659
-63
30
106
34
59
103
113
114
143
-13
-59
169
168
247
214
291
255
280
337
404
271
244
232
138
141
180
232
152
167
223
261
284
303
-291
-196
921
982
1,212
1,178
10
50
333
381
323
331
Treasury Bulletin
112
.CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures Indicate net salesJby foreigners or a net outflow of capital from the United States)
Calendar year
Country
Europe:
Austria...................
Belgium- Luxembourg........
Bulgaria.,................
Czechoslovakia............
Denmark.... ..............
Finland...................
France....................
German Democratic Republic.
Germany...................
Greece....................
Hungary...................
Italy.....................
Netherlands...............
Norway........... .....
Poland....................
Portugal..................
Romania...................
Spain.....................
Sweden........... ........
Switzerland.... ..........
Turkey...... .............
United Kingdom............
U.S.S.R...................
Yugoslavia................
Other Europe..............
Total Europe.,
1978
1976
3
n.a.
n.a.
n.a.
n.a.
n.a.
-5
23
-1
53
549
*
2,404
10
2,593
-5
272
1
-2
623
11
12
367
24
-4
75
-91
215
91
139
30
-1
8,403
-2,956
*
17
-3
206
*
18
53
n.a,
10
39
n.a.
n.a.
25
26
Pakistan................................
Philippines.............
Singapore...............
20
78
1
-1
-3
n.a.
-4
-29
322
23
-1
330
1,169
10
-7
n.a.
13
-9
24
165
20
43
-1,681
311
-1,599
-661
-1
-1
-15
-5
22
153
2
-54
n.a.
n.a.
1
-43
-5
52
10
45
-41
-11
-15
—8
-3
n.a.
n.a.
192
31
-21
594
20
1,797
77
3,887
58
4,451
1,660
3,954
9,422
-124
-5a
-1
1,100
14
-32
35
10
n.a.
n.a.
10
46
n.a.
n.a.
240
4,173
377
-5
60
12
-13
n.a.
n.a.
-1
-583
-10
10
62
-2
11,586
145
Syria....... ............
Thailand...............
Oil-exporting countries 2/.
Other Asia..... ........
Total Asia........ .....
Aug. p
n.a.
n.a.
n.a.
-139
Asia.
China (Mainland).........
China (Taiwan).......... .
Hong Kong................
India....................
Malaysia....... .........
July p
*
•*
-85
206
114
1,245
Trinidad and Tobago....,
Uruguay................
Venezuela...........
Other Latin America
and Caribbean........ .
Total Latin America
and Caribbean...... .
Indonesia........ .
Israel.................
Japan............. .
Korea...................
Lebanon................
May
n.a.
Latin America and Caribbean:
Argentina................
Peru............ .
10
5
n.a.
n.a,
n.a.
n.a.
Canada.....................
Bermuda................
Brazil................ .
British West Indies,
Chile.................
Colombia...............
Cuba......... .......
Ecuador............... .
Guatemala............. .
Jamaica............... .
Mexico..............
Netherlands Antillesl/ •
Panama................ .
Apr.
through
Aug. p
-4
3,931
12
695
632
652
311
864
-5
-21
-11
-990
-5
2,901
-10
-563
742
-85
-31
468
Africa:
Liberia...................
Morocco......... .........
South Africa....... ......
Zaire........... ........
Oil-exporting countries^/..
Other Africa..............
Total Africa.... .........
Other countries:
Australia.....
All other......
Total other countries.,
Total foreign countries....
International and regional:
International...........
European regional.......
Latin American regional..
Asian regional..........
African regional........
Middle Eastern regional..
-1
12
1,814
5,393
21,110
-=i-4
3,274
-3
996
-1,664
-467
669
1,322
813
-824
-388
-28
225
2,584
1,741
-225
-140
99
192
701
-44
119
-28
-67
-5
-5
-20
-29
-145
94
172
672
Total international
and regional...........
2,702
1,995
22,823
2,982
1/ Through December 31, 1975, Suriname included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States),
851
-1*569
-295
1,341
3/ Includes Algeria, Gabon, Libya and Nigeria,
p Preliminary.
* Less than $500,000.
n.a. Not available.
-388
470
425
October 1978
113
CAPITAL MOVEMENTS
Section VI - 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 Treasury Bonds and Notes by Country
(Position at end of period In millions of dollars)
Calendar year
Country
1976
1975
Europe:
German Democratic Republic 1/
Germany..... ............
Poland 1/................
Sweden.............. .
Apr.
May
10
19
n.a.
n.a.
1
31
68
n.a.
3,168
10
n.a.
*
911
60
n.a.
*
n.a.
2
100
477
*
8,888
10
19
n.a.
n.a.
1
25
113
n.a.
3,815
10
n.a.
*
1,029
60
n.a.
*
n.a.
2
155
400
*
9,418
_
10
19
n.a.
n.a.
1
20
84
n.a.
3,820
10
n.a.
*
1,079
60
n.a.
*
n.a.
2
175
443
*
7,737
_
10
19
n.a.
n.a.
1
20
106
n.a.
4,031
10
n.a.
3
1,070
84
n.a.
*
n.a.
2
175
447
*
6,856
180
13,916
158
15,206
395
256
288
ax
*
4
n.a.
*
n.a.
*
*
_
n.a.
n.a.
n.a.
20
161
1
*
n.a.
*
4
*
5
n.a.
*
n.a.
*
*
_
n.a.
n.a.
n.a.
21
118
*
*
n.a.
*
149
*
4
n.a.
*
n.a.
*
153
n.a.
n.a.
n.a.
21
170
7
*
n.a.
*
198
*
4
n.a.
*
n.a.
*
146
_
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
199
10
23
*
8
200
312
552
552
*
*
61
_
*
3,271
2
n.a.
n.a.
n.a.
31
n.a.
n.a.
*
2,005
5,370
*
*
71
*
*
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,486
9,323
*
8
106
10
*
6,860
369
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,227
18,745
8
99
10
!i
,,
,1
*
8,313
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
11,166
20,120
!1
*
n.a.
*
n.a.
*
n.a.
*
n.a.
_
*
*
322
321
_
*
*
543
543
*
*
363
362
*
*
342
341
Mexico...................
Other Latin America and
Total Latin America and
Other Asia...............
Total Asia...............
Mar.
*
14
n.a.
n.a.
1
36
45
n.a.
764
*
n.a.
*
288
49
n.a.
*
n.a.
1
191
261
*
485
_
202
2,330
British West Indies 1/....
Chile....................
Asia:
China (Mainland)..........
China (Taiwan)............
1977
*
13
n.a.
n.a.
*
18
*
n.a.
215
*
n.a.
*
16
48
n.a.
*
n.a.
1
275
55
*
363
_
88
1,085
Latin America and Caribbean-
Africa:
Egypt.....................
Ghana 1/.................
Liberia 1 / .................
n.a.
Morocco.......... ...... .
South Africa..............
Zaire....................
Other Africa..............
Total Africa..............
OftHLjaauplrrifiB:
n.a.
1978
n.a.
July p
10
19
n.a.
n.a.
1
20
128
n.a.
5,530
10
n.a.
4
1,113
84
n.a.
*
n.a.
2
180
569
*
6,473
_
Ill
14,256
10
19
n.a.
n.a.
1
30
121
n.a.
5,761
10
n.a.
4
1,278
84
n.a.
*
n.a.
2
190
615
*
5,932
_
126
14,184
j
156
13,607
112
12,946
10
19
n.a.
n.a.
1
20
129
n.a.
4,361
10
n.a.
4
1,113
84
n.a.
*
n.a.
2
185
509
*
6,597
_
112
13,156
j
253
261
264
275
276
*
*
n.a.
*
n.a.
2
146
*
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
188
*
*
n.a.
*
n.a.
2
129
*
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
173
*
*
n.a.
X
n.a.
2
119
*
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
173
*
*
n.a.
*
n.a.
2
109
*
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
173
*
*
n.a.
*
n.a.
2
99
*
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
243
5
5
6
7
7
502
493
485
544
*
*
103
15
*
8,964
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
10,531
20,137
*
103
15
_
*
9,616
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
10,346
20,605
*
108
15
*
9,927
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
10,257
20,831
*
*
109
15
_
*
10,791
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
10,206
21,647
|
1
J[
jI
|!
J!
I
1
!
!
i
1
1
1
i
'
i
i
i
!
534
!............
8
101
10
*
8,332
381
[
n.a.
n.a.
!i
’
n.a.
1
n.a.8
1
n.a.
i[
136
1 11,094
i
20,070
U-
‘
'
1
!
]
n.a.
Aug. p
June
*
n.a.
*
*
*
*
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
342
341
_
*
*
492
491
n.a.
n.a.
n.a.
_
*
*
492
491
_
*
*
492
491
_
*
*
492
491
All other................
Total other countries.....
*
*
*
*
*
*
*
12
11
*
6
6
*
7
7
*
8
8
*
5
4
*
*
*
*
8
7
Total foreign countries.....
7,372
12,765
33,875
36,476
34,812
34,345
35,013
36,336
37,149
322
_
9
*
_
n.a.
2,905
128
*
n.a.
4,646
_
100
*
n.a.
4,640
_
115
*
n.a.
4,740
_
110
*
n.a.
4,931
90
*
n.a.
5,633
61
*
n.a.
4,809
33
*
n.a.
4,421
33
*
n.a.
331
3,033
4,746
4,755
4,850
5,022
5,694
4,842
4,454
7,702
15,798
38,621
41,231
39,662
39,366
40,707
41,177
41,603
International.............
European regional.........
Latin American regional....
Asian regional............
African regional...... .
Middle Eastern regional.....
Total international and
regional................
Grand total................
Note: Data represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971, and the
monthly transactions reports. Country detail may not add to the area
totals or to Grand total.
1/ Country or area not listed separately in benchmark survey; holdings
included in respective "Other" geographical category.
2/ Through December 31, 1975, Suriname included with Netherlands Antilles,
p Preliminary.
*
Less than $500,000.
n.a.
Not available.
Treasury Bulletin
114
CAPITAL MOVEMENTS
Section VI - Transactions 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
(la millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1978
Country
1975
Europe*
O^rrnan Democratic Republic.
1976
6
-45
n.a.
n.a.
*
1
82
n.a.
-6
*
n.a.
-3
-9
34
n.a.
*
n.a.
1
*
117
*
-52
_
_
-14
113
-2
-24
n.a.
n.a.
-2
-10
39
n.a.
-49
-3
n.a.
-10
-29
128
3
5
-1
*
2
*
*
_
*
n.a.
n.a.
-1
-3
9
*
'2
2
10
2
-6
15
9
1
*
*
*
1
n.a.
n.a.
11
34
20
*
*
3
*
1977
Aj?rt
May
June
1
22
-170
*
704
-19
*
-11
*
-1
-4
10
*
*
3
*
*
*
*
2
-33
*
-54
_
_
-6
*
-23
_
*
*
8
21
*
*
-3
*
*
*
-1
-36
75
-1
-3
-1
*
-3
14
*
1
-7
*
*
*
-2
5
154
_
*
2,006
664
-163
-93
141
84
5
13
3
1
54
1
1
*
*
*
*
n.a.
n.a.
4
-6
4
1
-1
3
35
1
3
*
1
*
2
6
*
-1
-1
-2
2
*
*
*
*
*
-3
*
n.a.
n.a.
*
*
2
*
*
-1
_
2
1
*
*
*
*
1
*
91
96
2
Mar.
*
-1
n.a.
n.a.
*
-2
5
n.a.
19
*
n.a.
*
-20
*
*
n.a.
*
4
-37
-122
_
_
-9
2
39
n.a.
n.a.
*
*
-34
n.a.
59
1
n.a.
-6
72
30
•*
2
n.a.
■
*
1
157
*
1,705
_
*
-22
n.a.
*
n.a.
2
5
158
*
23
_
*
-7
1978
through
Aug. p
1
-41
1
-2
23
128
*
-
5
11
*
*
*
Guatemala................
Netherlands Antilles l/....
Panama.....................
Trinidad and Tobago......
Venezuela................
Other Latin America and
3
-1
2
6
5
2
*
2
-5
_
_
_
Aug. p
1
-3
1
1
13
18
*
3
11
*
1
2
_
1
*
6
_
38
*
_
1
18
*
*
_
*
1
-74
_
1
1
10
_
416
89
_
*
_
*
_
1
41
159
388
167
9
6
14
24
*
2
*
*
-1
*
*
*
-2
1
*
1
*
*
_
*
1
7
1
2
*
*
_
-2
*
1
_
*
*
10
*
*
1
-2
2
*
*
1
*
1
10
_
*
*
*
_
_
-1
_
1
1
2
_
_
1
2
Latin America and Caribbean;.
British West Indies.......
Chile....................
July p
_
*
_
_
-1
*
1
*
*
_
*
-19
3
3
*
2
1
*
*
*
*
*
31
94
64
51
11
1
12
2
-8
17
_
*
2
*
*
*
-137
*
1
n.a.
n.a.
*
-32
_
5
*
*
1
*
37
*
*
2
*
-1
1
*
931
*
_
*
*
*
5
-1
—
*
13
_
*
1
*
*
*
47
*
_
_
-1
*
*
*
_
*
*
_
*
*
*
*
*
-117
_
*
*
*
1,179
*
_
*
3
*
*
1
164
a
1
*
_
5
121
*
*
1,695
*
_
*
*
*
*
*
8
*
*
Oil-exporting countries Zj.,
Other Asia...............
_
*
13
*
*
*
-48
_
*
n.a.
n.a.
*
*
_
*
1,553
*
Total Asia...............
1,518
1,014
2,033
*
_
n.a.
*
*
_
*
5
5
1
_
n.a.
*
_
-2
*
_
*
-26
-25
*
*
-2
-2
-6
1
*
-21
*
Total Latin America and
Caribbean................
Asia*
Hong Kong................
India....................
Africa:
Egypt....................
Oil-exporting countries 2/ .
Other Africa.............
Other countries*
Australia................
All other................
Total other countries.....
International and regional.
International............
European regional..........
Latin American regional....
African regional.........
Middle Eastern regional....
Total international
and regional.........
_
_
*
16
*
*
_
_
*
*
_
_
_
*
*
_
*
137
33
-1
370
*
91
*
135
*
976
146
49
385
139
19
*
-1
*
*
*
*
*
_
_
_
_
_
_
_
_
_
_
*
_
*
_*
_
_
*
_
-1
_
*
*
*
*
*
_
*
*
_
*
*
*
•*
2
2
*
*
*
1
3
1,778
*
1
1
*
-29
449
59
95
-4
-
-20
_
-2
_
-1
-13
_
85
11
_
15
-4
1
-21
*
1,795
1.248
4,239
-1,030
1
5
_
-46
_
n.a.
_
n.a.
11
_
89
-4
n.a.
-1,029
-41
96
766
1,207
4,335
_
_
*
*
_
_
*
1
_
*
*
50
*
*
1
*
1
★
99
*
151
_
_
*
*
*
*
*
_
*
*
*
*
_
*
_
*
*
1
*
*
-
*
-
*
1
*
*
306
412
1
360
_
_
53
T>
r.
_
n.a.
_
_
-
_
_
-
150
-20
-2
-1
72
22
53
1,928
-21
-32
447
377
434
412
1/ Through December 31, 1975, Suriname included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
_
-
2 / Includes Algeria, Gabon, Libya and Nigeria
p Preliminary.
'
* Less than $500,000.
n.a. Not available.
-
_
-
October 1978
115
___________________CAPITAL MOVEMENTS___________________
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-6. - Net Foreign Transactions in Domestic Stocks by Country
(In m-nHnns of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1978
Calendar year
Country
1976
1975
1978
through
Aug. p
1977
Mar.
Apr.
May
June
July p
Z
*
-1
_
*
*
*
-15
17
-3
-2
9
-1
*
Euroue:
Belgium-Luxembourg.......
Czechoslovakia..........
German Democratic Republic
Netherlands.............
Total Europe............
11
84
2
-40
9
-79
2
-14
n.a.
5
-1
262
n.a.
251
10
n.a.
*
359
4
n.a.
-2
n.a.
13
2
899
*
594
n.a.
-2
1
256
n.a.
68
3
n.a.
*
2
13
87
1
352
3
-199
-8
n.a.
-8
n.a.
9
*
-100
1
340
n.a.
-5
1
40
n.a.
291
-5
n*a.
-15
22
-4
-3
3
n.a.
-8
-7
152
-4
613
*
-1
*
17
2,491
336
361
Latin America, and Caribbean.
British West Indies.....
Chile.................
Netherlands Antilles j/ *..
Other Latin America and
_
324
Thailand................
Oil-exporting countries £/.
Ghana....... ..........
1,096
319
508
323
31
-6
-152
44
-58
-12
-16
-18
-1
9
18
*
3
-12
1
1
-7
11
*
-1
5
5
1
2
-1
*
1
11
32
*
n.a.
n.a.
*
6
-3
*
*
*
1
*
*
*
*
27
-3
*
*
*
1
*
*
*
-2
9
4
*
*
*
-1
*
*
*
7
-24
3
*
*
*
*
*
*
*
*
*
*
-28
1
*
*
*
-1
*
1
1
2
*
-1
-35
48
-108
65
*
*
1
n.a.
n.a.
35
45
-4
1
*
-1
16
*
*
*
n.a.
n.a.
4
52
15
*
*
2
18
1
-1
1
*
24
56
2
3
*
1
-3
1
1
10
*
'
*
*
-2
1
,
_
*
*
1
8
29
-3
*
*
1
*
155
127
17
122
'
_
1
87
*
*
2
22
*
13
n.a.
n.a.
2
6
*
*
1,649
7
-3
67
*
-2
n.a.
n.a.
2
-4
*
*
1,803
1,790
-7
*
-9
38
*
*
-1
33
*
2
*
*
2
-9
1
*
1,390
3
*
-10
85
1
1
-6
55
*
4
*
*
*
10
*
*
506
*
1,922
1,449
646
|
*
*
*
*
*
'
n.a.
n.a.
7
-4
*
-1
*
*
-11
*
*
5
54
2
*
*
3
*
*
*
-2
*
1
*
*
*
2
*
*
170
*
175
Total other countries...
Latin American regional...
African regional........
Middle Eastern regional...
Total international
*
6
-2
2
52
-1
1
9
*
*
-1
-1
-6
31
*
229
*
-1
*
*
*
*
_
-12
*
*
*
-39
*
80
1
-3
-18
*
-2
-1
*
-78
*
98
*
*
*
1
*
*
_
37
36
33
_
*
*
19
*
*
*
21
*
2
*
*
*
-1
*
*
1
10
*
*
*
11
*
*
*
*
*
*
*
-11
32
*
-1
13
*
2
*
*
*
*
*
*
97
*
132
90
*
129
*
*
-1
*
*
*
*
-4
*
*
*
*
*
*
-4
*
_
-
-4
*
-52
*
50
-
-3
*
*
-3
*
*
*
-3
*
-1
*
*
*
2
*
-
-5
*
1
*
*
*
*
1
3
48
-7
*
*
*
*
-
*
*
81
64
*
22
1
*
-1
11
*
*
*
*
*
1
*
-134
*
-100
*
*
*
-1
*
59
69
*
-
*
9
*
1
*
1
4
*
-1
*
*
10
7
5
-16
1
-1
15
1
15
-3
-2
1
-4
8
1
8
1
*
*
*
*
*
*
*
*
*
4,660
2,740
2,661
1,740 |
510
720
427
131
9
-235
18
13
15
-19
*
-7
*
*
_
_
*
n.a.
n.a.
_
_
_1
_
_
_
_
-21
*
_
-45
_
_
_
n.a.
18
13
15
-7
1
-21
*
492
110
427
713
37 Includes Algeria, Gabon, Libya and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
9
*
-2
_
_
_
1
-
-45
4,678
2,675
1,695
2,753
Through December 31, 1975, Suriname included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
~\j
_2
_
1
*
*
Other countriesAll other...............
_9
'
*
Oil-exporting countries
Other Africa............
1,006
_
_
*
8
26
1
*
10
Africa.
Egypt...................
*
5
-7
-11
-244
2
964
*
*
-1
3
75
*
-15
-7
Asia;
China (Mainland)........
-2
-2
*
*
*
9
-2
-52
2
-1
-22
*
*
*
-1
-184
1
110
-
-2
8
79
*
125
2
-1
16
-2
**
-1
-1
103
1
173
_
*
*
2
7
-1
1
-18
-1
1
*
1
n.a.
n.a.
6
-22
15
*
*
*
2
Total Latin America and
2
1
6
n.a.
n.a.
*
-1
68
n.a.
52
1
n.a.
2
-9
1
1
n.a.
-2
1
7
*
187
_
*
6
-11
-34
-4
*
-1
1
Aug. p
_
_
*
n.a.
-19
_
_
_
*
■
*
*
*
-1
*
*
-3
1
*
_
t
i
_
_
_
_
_
_
_
_
-11
-12
-1
*
-1 ..
_
_
-
-
*
-235
Treasury Bulletin
116
f !APTTAT. M A V B M B T M T f i
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-7. Net Foreign Transactions in Long-Term Foreign Bonds by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
1976
1975
1978
1978
through
Aug. p
1977
Etlro-pfe*
52
16
n.a.
n.a.
n*in
German Democratic Republic.
n.a#
n.a.
n.a.
n.a.
n#a*
198
n.a.
3
n.a.
if
“
129
-1
151
6
"
-2 098
*
917
-12
n.a.
Chile....................
Cuba................
Ecuador............... .
Guatemala.................
Jamaica.............
Mexico...................
Netherlands Antilles 1/....
Panama...................
Peru.......................
Trinidad »nrl Tobago.......
Uruguay...................
Venezuela............ .
Other Latin America
and Caribbean.........
Total Latin America
and Caribbean...........
Asia;
China (Mainland)...........
China (Taiwan)......... .
Hong Kong.
3
1
z.
n.a#
n.a.
n.a.
n.a.
ni77
* 66
o
ao
n.a.
n
30
nii7
43
J-3
n. a.
p
35
-9
art
7U
-6
"
“
/
14
2
ft
!?
”
yj-
May
2
10
-6
-6
2
7
—Ay
—04
—J.24
A7
4'
4L
*49
224
£
jj
44
-
4/
62
20
2
4
4
4
34
36
*
-162
7
-155
Total foreign countries.......
International anrl
International.............
European regional.........
Latin American regional....
Asian regional............
African regional..........
Middle Eastern regional....
Total international
and regional............
n.a.
n.a.
-2,193
-1,902
-1,557
Grand total.................
-6,338
-8,774
-5,115
2
-15
32
•j
*
“
1
2
yK
j0
20
1
X
66
121
58
7
”<5
9
7
1
*
2
5
-161
-149
3
-430
19
-411
-181
-85
-266
-171
9
-162
-4,145
-6,872
-3,558
-2,872
-201
-70
-911
-590
-227
-175
H O C
H
1 '
188
-226
-44
n.a.
-82
2
1/ Through December 31, 1975, Suriname included with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
n.a. Not available.
12
J-4
-1
40
*
3
*
1
*
“
-285
-116
18
2
3
32
55
~
*
*
50
4/
4/
“47
1
*
*
-9
*
1
-1ft7
-10/
-140
’
—L
4
_
*
-8
*
47
~
X
4/
2
8
g
X
2
*
x
“
2
2
2
4
”
2
-6
*
“
" 2
31
"
11
”2
-66
1
10
“
16
8
4/
1
_7
30
_3
7
14
-41
188
*
3
-26
2
1
4
-13
70
1
*
-13
4
-18
4
2
*
2
-9
-4
_1
75
95
*
3
167
53
48
-37
11
7
"
*
2
-2
3
-2
-99
“
-1
8
2
3
-3
in
-4U
“
5
X
4j
1
2*5
1
-16
”
16
-329
_3
4*=-
-50
-4
-23
2
1
188
-294
n*a*
*£
5
*
72
*
-22
1
33
Hz.*
-4
>
“
n#a*
2
*
1
Aug. p
“
—op
*
-813
-18
20
-3
n a
n*a*
x
*
2
19
—160
—-*-4
-312
1
*
2
n*a*
*10
71
-805
-16
57
52
20
*
-178
-373
1
7
15
n*a*
2
24
-636
-21
July p
1
*
*
O
Q
June
“
g
29
21
4j
-POP
-617
5
2
145
13
-2
1
14
213
-412
flhhSE. .ttaqpftrjtefi.
Australia................
All Other................
Total other countries.....
'
~5
n a~
n*a*
n*a*
-348
Africa;
Egypt....................
Ghana....................
Liberia..................
Marocco..................
South Africa..............
Zaire....................
Other Africa.............
Total Africa..... ........
*
-68
n*a*
n*a*
2
Total Asia...............
99
9
"*1
0/
^4
3
-212
-2 83
t
11
Apr.
"
*
n.a.
n.a.
1AO
—xoy
20
*
-276
-282
Indonesia................
Israel...................
Japan....................
Korea..................
Lebanon..................
Malaysia..................
Pakistan................ .
Philippines................
Singapore.
Syria......................
Thailand................
n.a^
_
7
-17
-118
143
*
85
8
Brazil...................
~ir
1
■
-3,102
n.a.
16
4
-461
-1
-107
U.S.S.R..................
n*a*
p0
—X
-2
n.a.
-10
-92
-134
n *?P
Italy....................
7
40
110
n.a.
Mar.
*
“
x
2
1
*
8
-2
x
-24
-23
-24
-24
-112
-113
4
2
6
2
-1
1
2
1
3
-184
2
-182
2
5
7
1
2
3
-379
-571
-54
-693
-294
-200
4
;
47
-197
4
“
n.a.
-1
65
-4
9
“
41
-30
4
“
43
1
-
-1
2
1
-
-
-
_
_
-
-147
70
16
45
2
5
-526
-501
-39
-648
-291
-196
October 1978
117
f!APTTAT. M n V B M B M - T f i
Section 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
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1978
Country
Europe
Austria.................
Belgium-Luxembourg...... .
Bulgaria................ .
Czechoslovakia.... .......
Denmark................,
Finland.................
France.................. .
German Democratic Republic
Germany.................
Greece..................
Hungary................,
Italy................. .
Netherlands............
Norway................ ,
Poland................
Portugal...............
Spain.......
Sweden....... .
Switzerland...
Turkey....... .
United Kingdom.,
U.S.S.R.......
Yugoslavia....
Other Europe...,
1978
through
Aug. p
1976
1
5
n.a.
n.a.
-1
-1
-24
n.a.
29
*
n.a.
-2
-1
-34
n.a.
n.a.
-1
-27
n.a.
n.a.
-10
-119
n.a.
18
1
n.a.
18
4
1
n.a.
-137
n.a.
-1
-1
49
n.a.
-1
5
-41
-7
-87
-7
n.a.
China (Mainland).
China (Taiwan)...
Hong Kong......
India.........
Indonesia......
Israel.........
Japan..........
Korea.........
Lebanon........
Malaysia.......
Pakistan.......
Philippines....
Singapore......
Syria.........
Thailand.......
Other Asia.....
-1
n.a.
n.a.
-9
12
-177
131
n.a.
*
-1
-13
3
-303
-1
90
28
27
11
5
-12
15
-9
-63
-10
15
1
n.a.
-11
-8
16
2
2
n.a.
-14
-2
n.a.
-7
n.a.
n.a.
-1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2
10
-158
1
3
-1
n.a.
*
n.a.
1
-29
-1
301
-34
-143
-30
15
-16
-3
-9
1
2
n.a.
n.a.
16
1
2
2
7
-1
n.a.
n.a.
1
-5
-3
23
3
-9
n.a.
n.a.
n.a.
*
n.a.
n.a.
-2
36
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
3
309
2
335
14
1
-1
13
36
n.a.
n.a.
11
Other Africa.,
-1
n.a.
n.a.
Total Africa.,
other qpmtotes:
Australia... .
All other... .
Total other countries....
Total foreign countries....
-409
463
-410
462
143
Intsmrtioflai aad regippai,
International..........
European regional......
Latin American regional..,
Asian regional.........
African regional.......
Middle Eastern regional..
Total international
and regional........
1/
*
p
n.a.
-188
-323
Through December 31, 1975, Suriname included with Netherlands Antilles.
Less than $500,000.
'
Preliminary,
Not available
-2
2
-156
South Africa.,
Zaire.......
Grand total.,
-14
-16
Africa.
Morocco......
Aug. p
\ ___
Total Asia.,
Egypt...... .
Ghana...... .
Liberia.......
July p
36
Canada .................
Total Latin America and
Caribbean.......... .
May
n.a.
5
*
n.a.
1
27
2
Total Europe.
andj^ifrteflp.:
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............
1
50
*•
Apr.
114
143
-1
1
118
Treasury Bulletin
-CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-Vr-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During August 1978 Preliminary
(In millions of dollaib)
Country
Gross purchases lay foreigners
Domestic securities
Corporate &
Market
Bonds
other
able
of U.S.
Total
Gov't,
Purchases &Treasury
Federal corp. and
Financing Federally- Bonds Stocks
Bank bonds sponsored
agencies
& notes
(2)
(1)
Europe*
Austria..................
Belgium-Luxembourg.......
Bulgaria................ .
Czechoslovakia.......... .
Denmark.......... ........
Finland................. .
France.................. .
German Democratic Republic,
Germany..................
Greece.................. .
Hungary..................
Italy.... ...............
Netherlands..............
Norway...................
Poland...................
Portugal.................
Romania..................
Spain....................
Sweden...................
Switzerland..........
Turkey...................
United Kingdom...........
U.S.S.R..................
Yugoslavia...............
Other Europe.............
Total Europe.............
Canada.....................
Latiffl America afld, 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..............
As-fa
China (Mainland).........
China (Taiwan)...........
Hong Kong................
India....................
Indonesia...............
Israel...................
Japan....................
Korea....................
Lebanon..................
Malaysia.................
Pakistan.................
Philippines..............
Singapore................
Syria................. .
Thailand...................
Other Asia...............
Total Asia...............
7
155
*
7
14
228
(7)
Market
Total able
Sales &Treasury
Federal
Financing
Bank bonds
& notes
*
3
7
64
1
15
*
4
10
3
6
328
“
2
25
:
_
*
*
-
*
*
7
1
*
169
2
3
108
*
*
18
12
*
280
4
21
1
3
*
10
90
7
3
7
1
1
3
-
*
3
1
*
*
_
-
*
_
"
*
i
*
*
*
*
*
_
168
6
3
599
3
18
49
29
24
291
287
61
I
*
*
_
*
1
*
13
*
1
*
178
5
1
10
47
*
228
5
60
*
5
*
530
4
214
M
270
10
3
_
15
-
1
6
1
9
68
6
*
3
9
*
7
15
104
*
11
2
*
-
-
-
*
*
-
*
-
18
14
610
1
1,384
*
10
108
_
*
1
2
29
6
2
415
1
401
10
*
*
10
4
759
334
*
I
67
20
-
1
3,593
1,074
217
464
2
-
-
_
*
3
38
150
6
14
1
1
_
83
1,145
170
67
90
619
2
*
*
*
1
2
4
36
126
7
19
*
10
-
-
7
*
1
14
42
5
4
*
*
*
*
1
12
105
10
*
*
2
10
*
*
_
3
3
2
*
_
1
15
*
*
89
7
3
20
_
5
166
3
_
3
2
4
10
_
*
117
*
*
¥■
3
87
*
*
24
326
2
5
26
*
13
22
361
515
26
232
2
130
*
-
1
*
260
*
3
21
92
_
-
_
_
*
*
_
*
70
_
_
2
-
*
_
4
2
4
_
2
1
*
-
*
1
464
71
2
30
266
8
_
_
976
_
_
-
:
-
*
_
_
285
1,269
70
70
*
*
62
*
*
1
*
1
*
120
186
*
_
1
_
_
_
_
_
-
_
*
_
-
"
*
*
863
2,401
_
*
-
14
14
Total foreign countries.....
6,975
2,454
509
398
*
_
_
-
*
_
_
*
_
_
_
_
“
*
*
2
89
1
*
5
44
*
5
V
■
*
2
5
*
*
*
*
*
2
_
_
_
*
*
2
*
*
_
_
_
1
1
1
*
_
*
*
*
_
_
_2
-
1
*
-
5
6
11
214
104
*
2
28
81
1
7
37
7
11
*
*
1
3
_
2
_
*
*
2
2
*
217
105
8
2
67
*
*
6
34
*
5
*
*
2
4
2
4
_
_
18
96
2
*
16
11
8
8
_
_
*
72
*
*
*
_
-
315
453
29
29
62
75
_
_
-
_
_
*
_
-
12
112
-
*
14
113
**
*4
-
-
_
_
_
25
25
1
*
16
_
*
_
_
-
-
1
1
279
7
_
*
112
10
*
10
_
2
120
21
*
"
-
1
*
I
*
70
1
502
-
11
14
*
149
164
I
15
1,548
*
*
_
11
1
*
*
_
15
12
4
*
-
1
_
3
1
3
_
1
*
357
*
-
6
*
*
*
*
*
10
58
17
*
*
2
9
_
_
*
_
-
971
1,480
*
*
3
*
*
_
*
_
*
*
2
*
_
*
1
_
10
_
_
_
*
*
_
-
*
1
*
25
61
20
*
*
19
23
_
(12)
2
_
_
*
12
*
*
*
_
*
-
*
_
_
495
615
63
221
6
87
*
-
-
1
_
*
1
*
_
-1
*
_
-
11
*
12
1
3
1
3
4
-
*
4
1
1
289 ,
451
2,443
956
381
6,187
1,641
199
181
2,678
1,15^
331
60
23
1
26
-
839
786
18
13
*
22
-
-
"
1
1
49
49
I
564
45
2
*
*
I
-
1
I
1,664
62
_
833
_
-
6
2
14
_
2
*
*
5
129
1
*
11
1,365
3
5
4
*
4
10
16
_
76
*
22
3,556
189
_
*
36
152
9
1,397
1
_
_
1
*
1
20
111
16
*
*
5
97
*
(14)
-
“
12
18
_
199
(13)
*
*
2
292
Stocks
8
85
1
87
41
Bonds
(11)
5
61
*
securities
(10)
(8)
445
*
165
2
788
6
Bonds
Corporaite &
of U.S
other
Gov't,
corp. and
Federally- Bonds Stocks
sponsored
agencies
(9)
1
4
5
18
23
I
(6)
-
Other countries:
Australia................
All other................
Total other countries.....
Less than $500,000.
Stocks
(4)
25
25
*
Bonds
(3)
2
*
25
29
Grand total................
Domestic securities
*
*
Africa
Egypt....................
Ghana.......... ..... .
Liberia..................
Morocco..................
South Africa.............
Zaire....................
Other Africa.............
Total Africa.............
International and regtaqal:
International............
European regional.........
Latin American regional....
Asian regional...........
African regional.........
Middle Eastern regional....
Total international and
regional...............
(5)
Gross sales by foreigners
Foreign
securities
.:
:
558
398
109
23
7,533
2,853
398
475
*3
:
4
4
49
49
:
:
1
27
-
2,444
982
381
888
7,075
786
67
2,427
266
:
:
"
1
:
13
*
22
-
194
2,678
1,178
331
119
October 1978
.CAPITAL MOVEMENTS.
Section 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 1977
______
Country
Total
pur
chases
(1)
Austria.................
Belgium-Luxembourg.......
Bulgaria................
Czechoslovakia..........
Denmark.................
Finland............. .
France..................
German Democratic Republic
Germany..................
Greece..................
Hungary.................
Italy...................
Netherlands.............
Norway..................
Poland..................
Portugal................
Romania.................
Spain...................
Sweden..................
Switzerland.............
Turkey..................
United Kingdom..........
U.S.S.R.................
Yugoslavia..............
Other Europe............
Total Europe............
Canada....................
Latin America and Caribbean:
Argentina........
Bahamas.................
Bermuda.................
Brazil..................
British Vest 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)........
China (Taiwan)..........
Hong Kong...............
India...................
Indonesia...............
Israel......... ~........
Japan...................
Korea...................
Lebanon.................
Malaysia................
Pakistan................
Philippines.............
Singapore...............
Syria...................
Thailand................
Other Asia..............
Total Asia..............
Africa:
Egypt........ ...........
Ghana...................
Liberia.................
Marocco....... .........
South Africa............
Zaire...................
Other Africa............
Total Africa............
Otftey QfflTOtateg:
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.............. ,
* Less than $500,000.
n.a. Not available.
t
Revised
(In millions of dollars)______
Gross purchases by foreigners
Domestic securities
Foreign
securities
Bonds
Market
Corporate
&
able
of U.S.
other
Gov’
t
Treasury
Federal corp. and
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(2)
(3)
(5)
(6)
(7)
(4)
213
774
n.a.
n.a.
72
98
7
n.a.
n.a.
1,627
n.a.
4,152
69
n.a.
183
1,626
96
176
n.a.
302
*
13
n.a.
2
44
374
n.a.
n.a.
13
7
929
26
243
n.a.
n.a.
57
17
316
Total
sales
(8)
1
26
35
93
104
10
3
86
1
216
1,092
381
4
6
283
34
34
3
n.a.
3
7
412
64
572
28
*
8
11,833
1,819
*
n.a.
1
21
n.a.
2
n.a.
530
22
15
993
*
2,294
*
163
32
346
1,650
629
513
8
50
28
3,003
3
1,962
-
n.a.
3,333
*
30
*
1
*
168
*
153
4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3
1
2
n.a.
n.a.
20
64
514
72
2
*
11
67
30
70
124
205
11
220
145
14
11
11
3
3,582
50
523
120
74
58
.11J27.
_6*m_
20,349
12.488
5
J..489
1.671
4
30
216
72
162
234
61,076
10,465
4
452
71,997
991
100
64
3
5
*
3
n.a.
n.a.
298
614
151
13
*
12
477
n.a.
n.a.
1
72
n.a.
n.a.
2
1
*
22
26
*
7
*
*
*
*
n.a.
n.a.
18
37
68
10
_
*
12
155
14
430
214
58
72
24
4
45
439
5
3
150
1
23
*
*
9
829
*
*
_
2
1
50
48
1
*
34
323
4
1
363r
2,179
438
14
5
*
75
519
*
M
25
3,561
1.265
890
7,518r
*
*
_
18
11
3
_
*
2
16
_
*
_
18
*
18
20
*
26
*
402
450
247
234
482
35
52
*5
5
2,255
ft
7,458
74
173
247
-
559
4
32
-
-
n.a.
n.a.
n.a.
n.a.
74
595
_
3,442 L4,154
8,052
2,255
-
-
*
6
*
*
*
41
*
1
*
8,818
7,956
3
159
178
96
8
*
1
*
1
n.a.
n.a.
214
36
22
1
*
2
258
16
36
1
1,466 1,015
99
_
*
n.a.
n.a.
5
7
3
*
*
*
3
623
444- 1,157 1.676r
551
1
1
_
_
_3
*
_*
130
9,723
465
461
7
1
4
73
1
*
*
*
9
75
670
2
47
2
5
*
2
n.a.
n.a.
6C
461
57
2
*
9
48
392
5
381
37,033*
35
137
2
377
51
453
n.a. n.a.
n.a.
n.a. n.a.
n.a.
*
18
118
132r
7
1
481
132
889
n.a. n.a.
n.a.
682
370
43
*
1
47
n.a. n.a.
n.a.
79
93
13
110
551
264
32
332
1
*
1
3
*
1
5
n.a. n.a.
n.a.
2
57
14
330
1
35
495
2,851
114
*
*
6
648
1,349 2,143
“
*
2
28
2
55
7,155 5,161r 1,274
712
1,585 2,834*
531
_
3,066
(14)
*
10
*
*
6
520
*
*
*
243
437
30
426
(13)
27
7
239
43
2
2
*
1
20
337r
233 1,055
1
12
1
*
5
*
6
37
36
50
*
*
*
57^
140
*
*
L4,080
34
219
153
102
4,297
_
222
3,948
39,797
1
78
26%
9,696
349
1
21
n.a.
29,928
3,408
n.a.
*
3,231
n
141
n.a.
4
54
*
2
*
14
___35_
■
141,-
5
23
3
*
*
*
4
40
7
n.a.
87
*
200
45
56
34
2
24
5
46
n.a.
n.a.
241
153
n.a.
277
42
2.605
343
n.a.
n.a.
n.a.
*
n.a.
n.a.
947
1,429
1
16
40
191
392
64
22
5
10
_
1
*
5
44
*
1
*
■
*
_
*
n.a.
2
n.a.
n.a.
17
1,130
10
I
970
n.a.
n.a.
139
421r
1,770
1,594
*
18
278
2
1
19
266
1
13
*
*
7
27
1
2
1,971
59
4,416
814*
83
695
3
47
2
5
*
2
n.a.
n.a.
749
191
15
24
19
333
1
5,499r
11
25
4,549
115
726
20
__ 888
159
12
2
60
8,161
861
18
61
695
1,450
50
1,368
35
5
75
6,242
263
4,680
44
2
316
13
57
84
2
428
19,854r
n.a.
973
42
2,222
442
251
n.a.
2
242
138
394
n.a.
*
16,266
23
304
1,240
68
79
7
3,431
n.a.
10
n.a.
2
677
389
33,307
}
33
14
n.a.
2,6a
2
1
101
3
345
*
3
743
78
93
4,826
6
18,785
68
n.a.
n.a.
(12)
(11)
99
75
n.a.
119
n.a.
38
77
506
3,817
7
8,216
40
7
n.a.
19
2
1
87
4
88
n.a.
n.a.
2
1
108
n.a.
58
1
n.a.
25
36
8
*
1
n.a.
3
7
275
126
n.a.
n.a.
236
(10)
(9)
302
n.a.
n.a.
24
n.a.
n.a.
1
*
125
Gross sales by foreigners
Domestic securities
Foreign
securities
Bonds
Market
Corporate
<
of U.S.
able
other
Treasury Gov't
& Federal corp. and
Bonds Stocks
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
1,348
_
_
*
_
3
20
*
*
21
3
1
*
1
25
2
27
215
103
318
_
201
158
4
10,655
8,156
237
50
47,688r
16,974
1,585
1,818
n.a.
_
*
12
_
_7
1
11
50
1
2
*
*
11
*
3
*
15
___30
1,769
_
6
■
*
6
LI,419 ll,015r 2,664
60 1,582
465
102
2
"
_
n.a.
n.a.
___60 2,151
1
_
n.a.
_1_
LI,479 13,167r 2,665
120
Treasury Bulletin
FOREIGN CURRENCY POSITIONS
Background
Data have been collected since 1974 on the foreign
currency positions of banks and nonbanking firms in the
United States, and on those of foreign branches, majorityowned foreign partnerships, and majority-owned foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad. Reporting has been
required pursuant to Title II of Public Law 93-110, an
Amendment to the Par Value Modification Act, of September 21,
1973, and implementing Treasury regulations. Statistics on
the positions will be published monthly in the Treasury
Bulletin, beginning with data for December 1975.
The report forms and instructions used in the collection
of bank data were revised effective with reports as of October
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the month), for the monthly reports.
The most recent revision of the nonbank Foreign Currency
forms (see below) became effective as of the last business day
of November 1976 for the monthly reports on nonbanking firms'
positions in the Ifoited States.
Common Definitions and Concepts
The term "United States”means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, American Samoa, the Canal Zone, Midway Island, the
Virgin Islands, and Wake Island. The term "foreign" means
locations other than the "(foited States".
The term
"Worldwide" is used to describe the sum of "United States" and
"foreign" data.
Data for the United States include amounts reported by
sole proprietorships, partnerships, and corporations in the
United States including the U.S. branches and subsidiaries of
foreign nonbanking concerns, in the case of "nonbanking
firms' positions", and the agencies, branches, and
subsidiaries located in the United States of foreign banks
and banking institutions, in the case of the weekly and
monthly "bank positions".
Data for "foreign branches" and "abroad" include amounts
reported by the branches, majority-owned partnerships and
majority-owned subsidiaries of United States banking and
nonbanking concerns. In general, these data do not reflect
the positions of foreign parents or foreign parents'
subsidiaries located abroad except through intercompany
accounts. The data include the foreign subsidiaries of a few
foreign-owned U.S. based corporations.
Assets, liabilities, and foreign exchange contract data
are reported on the basis of time remaining to maturity as of
the date of the report, regardless of the original maturity of
the instrument involved. "Spot" means due for receipt or
delivery within two business days from the date of the report.
"Short-term" means maturing in one year or less from the date
of the report.
"Majority-owned foreign partnerships" are
those
organized under the laws of a foreign country in which one or
more nonbanking concerns" or nonprofit institutions in the
United States, directly or indirectly, own more than 50
percent
profit
interest.
"Majority-owned
foreign
subsidiaries" are foreign corporations in which one or more
nonbanking business concerns or nonprofit institutions
located in the United States directly or indirectly own stock
with more than 50 percent of the total combined voting power
of all classes of stock entitled to vote, or more than 50
percent of the total value of all classes of stock.
Reporting Threshold
The exemption level applicable to banks, and banking
institutions is $10 million equivalent. The exemption level
applicable to nonbanking business concerns and nonprofit
institutions was $1 million equivalent on all nonbank forms
from March 1975 through November 1976, when it was raised to
$2 million equivalent on the monthly reports of positions
held in the United States.
Firms must report their entire foreign currency position
in a specified foreign currency if a specified United States
dollar equivalent value is reached in any category of assets,
liabilities, exchange contracts bought and sold, or the net
position in the currency. In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary. In reports on their
foreign branches, majority-owned foreign partnerships and
majority-owned foreign subsidiaries, United States banks and
nonbanks are required to report the United States dollar
denominated assets, liabilities, exchange contracts bought
and sold, and net positions of those branches, partnerships,
and subsidiaries with reportable positions in the specified
foreign currencies.
Description of Statistios
Data collected on the Treasury Foreign Currency forms
are published in the Treasury Bulletin in ten sections. The
first section presents a summary of worldwide net positions
in all of the currencies reported. Sections II through IX
each present data on a specified foreign currency. Section X
presents the United States dollar positions of the foreign
branches and subsidiaries of United States firms which are
required to report in one or more of the specified foreign
currencies.
121
October 1978
___ FOREIGN CURRENCY P O S I T I O N S _ _
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms’ Positions 1/
(In millions ol foreign currency uiij.Us)
Report date
Belgian
francs
(1)
Canadian
dollars
(2)
French
francs
German
marks
Italian
lire
(5)
Japanese
yen
(6)
Swiss
francs
(7)
Sterling
U.S.
g/
dollars
(3)
(4)
(8)
(9)
1977-Dec...........................
23,913
10,4llr
5,91Ir
6,718r
537,914
314,747
-1,918
l,696r
-6,057
1978-Mar...........................
35,755
10,404r
6,605
6,748
451,996
396,796
-891
l,778r
-5,493
Table FCP-I-2. - Weekly Bank Positions 2/
(In millions of foreign currency units)
Report date
Belgian
francs
(1)
Canadian
dollars
French
francs
(2)
(3)
German
marks
Italian
1 ire
Japanese
yen
(4)
(5)
(6)
Swiss
francs
(7)
British
pound
(8)
U‘
S*
//
dollars
*/
(9)
12/07/77
12/14/77
12/21/77
12/28/77
-1,766
-2,028
-1,950
-1,786
8
-9
63
-22
251
95
133
-73
1,277
1,403
1,114
1,069
98,678
87,815
88,985
71,584
77,969
71,882
65,140
78,392
361
346
303
334
58
29
2
45
184
20
111
175
1/04/78
1/11/78
1/18/78
1/25/78
-1,726
1,462
-.1,071
-1,111
1
-42
-25
-9
82
105
46
182
1,108
1,067
965
1,568
34,918
60,145
54,571
44,870
84,236
78,621
97,350
83,369
487
420
176
470
96
53
41
19
-230
-93
79
-170
2/01/78
2/08/78
2/15/78
2/22/78
-2,043
-1,967
-772r
-2,895
-55
-89
-117r
-93
19
-405
-513r
-326
1,202
813
l,407r
l,266r
39,273
-3,988
44,982r
59,963
86,026
83,165
76,943r
84,599
349
254
389r
183
-53
-65
-59r
-53
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/05/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
-1,347
-755
-2,538
-1,966
-2,836
-131
-87
-13
-20
-29
-58
-98
-80
-70
38
44
-76
-127
-152
-614
-607
-333
99
-15
1,211
702
878
707
835
84,576
106,233
88,309
46,952
74,837
79,588
61,113
52,665
58,395
60,675
204
145
243
168
181
-74
-100
-77
-109
-143
87
182
263
263
126
-146
-59
-312
-281
-283
27
-552
-314
103
1,355
1,056
954
865
1,047
967
857
1,170
754
63,250
58,396
63,045
55,235
67,638
66,932
48,955
59,586
68,089
65,059
65,311
50,069
45,133
39,864
55,881
51,883
68,072
70,293
236
194
-123
-138
-20
33
-88
-15
-97
-188
-149
-141
-175
-140
-146
-111
-136
-124
107
232
232
444
460
135
-672
-785
1,268
533
286
245
-9
Table FCP-I-3. - Monthly Bank Positions
32
335
176r
140
224
402
174
192
55
5/
(In millions of foreign currency units)
End of month
Belgian
francs
(1)
1977-Dec..........................
-4,526
1978-Jan..........................
-4,844
Feb..........................
-3,782
Mar..........................
-3,448
May..........................
-2,266
-2,538
Footnotes at end of Table FCP-X-3.
Canadian
dollars
French
francs
German
marks
(2)
(3)
(4)
-25
-2
-19
-179
-26
236r
-113
-45
-530
-275
314r
20r
-23
-197
-328
-275
-201
32
Italian
lire
(5)
25,496
Japanese
yen
(6)
Swiss
francs
British
pounds
(7)
(8)
U.S.
dollars 6/
(9)
-12,356
79,406
87,796
-47
46
113
38
43,862
74,282
75,337r
134
-122
-136r
21,359
-115r
-344
-211
21,388
20,496
62,228r
72,757
-200
-399
-79r
-98
-337
-137
-383
-623
122
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS,
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms’ Positions 1/
(In millions of Belgian francs)
Short-term trade
Position
at end
of month
Dec.
Dec.
Dec.
Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
May-
1977
1977
1977
1978
1978
1978
1978
1978
1978
1978
Liquid
assets £/
(1)
19,637
3,733
23,370
r
3,613
3,701
26,660
3,4-06
30,066
n.a.
2,643
Short
term
debt 2/
(2)
Receiv
ables l j
Pay
ables £/
(3)
72,602
2,339
74,941
2,235
2,409
71,418
2,315
(4)
51,236
1,147
52,383
1,164
1,275
47,674
1,268
73,733
2,387r
2,465
48,942.
957
801
35,111
2,552
37,663
2,281
1,726
32,305
1,4-72
33,777
n.a.
1,316
Other
assets 6/
(5)
96,780
5,461
102,241
5,680
6,186
96,276
6,209
102,485
5,407
5,474
Other
liabil
ities 2/
(6)
80,532
2,164
82.696
2^
A
2,168
80,742
2,149
82,891
2,143
2,102
Forward exchange 8/
Bought
Sold
(7)
(8)
2,670
7,229
9,899
... r 9m ..
8,043
3,074
8,926
12,000
2,894
3,108
6,002
3,877
3,039
2,000'
5,081
7,081
6,182
5,928
Net
position 2 /
Ex
change
rate 10/
(9)
22,364
1,549
(10)
32.6260
32.6260
32.6260
32.6820
31.4270
Abroad
United States
Worldwide
United States
United States
31.1770
31.1770
31.1770
32.2320
32.6950
Abroad
United States
Worldwide
United States
United States
9,895
8,874
23.913
i,Wt
2,123
32,559
3,196
35,755
2,124r
3,417
Positions
held by
offices in.
Table FCP-II-2. - Weekly Bank Positions 21/
(In millions of Belgian francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
Sold
Net position
Foreign
branch
net
World
wide
net
.. .(9)
-6,896
-6,407
-2,812
-8,154
-9,224
-4,294
-4,650
-8,098
-9,036
-8,208
-4,685
-9,732
-10,764
-6,026
-6,085
-9,591
United
Foreign
States 1Lj branch
w
(12)
(ID
-1,986
220
-1,620
-408
-299
-1,651
-1,294
-492
-321
-1,405
-1,593
131
-1,302
231
228
-1,339
(3)
U)
(5)
(6)
(7)
Net
(8)
190
190
258
314
223
161
167
167
36
9
36
30
88
22
34
13
154
181
222
284
135
139
133
154
7,116
5,999
2,513
7,662
8,903
4,425
4,881
8,326
7,270
6,180
2,735
7,946
9,038
4,564
5,014
8,480
27,589
26,916
29,122
28,619
25,364
26,101
24,956
25,009
29,729
28,717
30,995
30,197
26,904
27,833
26,391
26,502
-2,140
-1,801
-1,873
-1,578
-1,540
-1,732
-1,435
-1,493
2/01/78|
2/08/78'
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
158
311
207
467
262
406
212
174
n.a.
101
74
15
20
146
21
28
66
n.a.
57
237
192
447
116
385
184
108
387
9,420
7,391
9,001r
7,285
7,747
10,216
8,755
8,730
8,825
9,477
7,628
9,l93r
7,732
26,400
25,248
27,584
28,060
28,380
26,992
29,393
31,037
-1,980
-1,744
-1,809
-2,977
-9,540 -11,520
-7,851
-9,595
-8,156r -9,965r
-7,650 -10,627
7,863
10,601
8,939
8,838
9,212
27,659
28,064
27,632
28,202
27,602
29,690
30,313
29,694
30,630
31,143
-2,031
-2,249
-2,062
-2,428
-3,541
-7,179
-9,107
-9,415
-8,376
-8,507
-9,210
-11,356
-11,477
-10,804
-12,048
-1,915
-1,864
-1,878
-2,320
-3,154
4/05/78
4/12/78
633
n.a.
140
177
18
n.a.
152
99
n.a.
76
189
31
32
615
-124
9,964
9,068
8,294
9,440
8,660
8*84-2
8^218
9,394
10,183
28,642
28,334
31,000
30,008
30,230
37,122
33,099
31,800
33,830
-2,358
-1,674
-1,477
-2*510
-655
-2,037
-1,876
-1,953
-2,331
-7,146
-7,259
-7,489
-7,715
-9,504
-8,933
-8,966
-10,225
-7,392
-8,309
-7,932
-1,743
-1,798
-1,489
-2,432
-1,036
-1,828
-1,828
-1,515
-1,948
(1)
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
i/11/78
1/18/78
1/25/78
Wk
\m%
5/17/78
5/24/78
5/31/78
n'2fe
237
469
415
(2)
Footnotes at end of Table FCP-X-3.
Net
”7!
-381
209
48
438
383
9,349
9,192
m
?$i
8^956
9,800
3!;H
29*7^3
31,954
28,910
30,988
33,319
it’
Wz
-6,056
-7,196
-7,861
(10)
-10,192
-1,923
-1,507
-1,617
-2,530
World
Exchange
wide 16/ rate 17/
(13)
-1,766
-2,028
-1,950
-1,786
-1,726
-1,462
-1,071
-1,111
(14)
34.083
33.595
33.319
32.922
32.895
32.618
33.003
32.504
-2,043
-1,967
-772r
-2,895
32,706
32.706
32.444
31.797
568
1,109
-660
354
,318
-1,347
-755
-2,538
-1 966
-2,836
31.373
31.484
31.860
31.706
31.541
2,203
1,933
817
1,647
2,304
2;36l
2,114
1,760
1,939
460
135
-672
-785
1,268
533
286
245
-9
31.486
31.323
31.950
32.386
32.632
32.541
33.206
33.187
32.695
-120
-460
845r
-365
Section II - Belgian Franc Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions is/
_________________ (In millions of Belgian francs)
End
of
month
1977-Dec.
Maturity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot..............
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
(8) Capital assets, liabilities
(9) Summary ((7) + (8)).......
197&-Jan.,
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot..............
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities,
Summary ((7) + (8)).......
Net
(2)
(3)
Bought
(4)
m exchange contracts 20/
Sold
(5)
Net
(6)
Net
overall
position 21/
(7)
320
-9,139
2,092
888
1,258
10,222
15,893
37,771
48,987
35,342
22,854
14,224
34,892
55,449
41,714
21,865
1,669
2,879
-6,462
21,516
31,790
29,228
17,458
11,534
10,036
105,687
2,451
100,046
5,321
160.847
168.144
-71297
108,138
105,367
5,641
-2,870
2,771
160,847
168,144
-7,297
28,342
20,849
22,167
11,690
31,503
26,451
19,916
10,381
21,751
46,874
39,034
34,182
21,204
1,638
164,683
22,611
43,906
43,652
41,111
23,125
1,497
175,902
-860
2,968
—4,618
-6,929
-1,921
141
-11,219
164,683
175,902
-11,219
-4,844
24,562
31,137
45,733
30,585
19,635
2,247
153,899
22,755
32,030
49,313
35,383
22,169
2,317
163,967
1,807
-893
-3,580
-4,798
-2,534
-70
-10,068
-1,966
-4,617
-3,693
523
-856
9,337
-1,272
-2,510
12,422
24,170
10,540
107,218
98,791
4,699
103,490
2,647
109,865
(
-3,161
-5,602
2,251
1,309
4,031
9,599
8,427
-2,052
6,375
-2,870
-4,526
-4,021
-2,634
-2,367
-5,620
2,110
9,740
-2,792
-2,052
2,693
102,469
5,203
(9) Summary ((7) + (8))........
113.958
107.672
6,286
153.899
163.967
-10.068
-3.782
27,015
22,492
19,520
14,781
22,819
32,145
28,365
18,840
8,545
9,678
22,336
34,040
44,255
29,286
21,860
32,101
49,626
33,510
-4,654
-3,934
-4,691
2,012
639
9,746
106,627
2,778
109,405
97,573
5,344
102,917
-5,130
-5,873
680
6,236
3,648
9,493
9,054
-2,566
6,488
27,612
19,038
18,254
13,629
23,502
30,710
25,138
17,888
9,737
9,854
-3,098
-6,100
366
3,892
4,477
9,171
102.035
2,859
93,327
5,326
8,708
-2,467
104.894
Demand/spot.............. .
3 days-1 month............
Over 1 month-3 months..... .
Over 3 months-6 months.... .
Over 6 months-1 year.......
Over 1 year.............. .
Total of all maturities....,
Capital assets, liabilities,
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 mOnths-6 months.....
Over 6 months-1 year......
Over 1 year...............
Total of all maturities....
Capital assets, liabilities.
(9) Summary ((7) + (8)).......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
30,671
29,088
22,574
9,447
4,944
5,745
-3,773
-3,724
-113
5,321
1,678
9,407
8,796
.-2,510
"'fs
1,989
-6,260
-4,370
-5,484
10,248
26,898
25,364
22,461
14,768
6,622
15,152
111,265
(9) Summary ((7) + (8))........
May.,
(1)
32,110
20,089
19,550
Balance sheet items
Liabilities
Demand/spot.............. .
3 days-1 month........... .
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year......
Over 1 year.... .......... .
Total of all maturities....,
Capital assets, liabilities,
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Apr.
Assets 19/
______________
19,540
22,296
476
1,939
-5,371
-4,224
-3,009
253
149,457
159,393
-9,936
149,457
159,393
-9,936
-3,448
25,074
40,822
37,765
32,227
18,655
2;i55
789
-604
-4,348
-1,507
-3,359
250
156,698
24,285
41,426
42,113
33,734
22,014
1.905
165,477
-2,309
-6,704
-3,982
2,385
1,118
.a,421
-71
-2,467
-8,779
98,653
6,241
156,698
165,477
-8,779
-2,538
23,213
22,188
20,991
11,025
25,391
28,493
24,158
21,737
8,344
9,903
102,808
92,635
16,640
30,711
38,133
35,102
15,153
2,538
138,277
18.497
28,832
41,729
38,621
18,564
2,046
148.289
-1,857
1,879
-3,596
-3,519
-3,411
492
-10.012
2.996
105,804
5,423
98,058
-5,280
-1,970
-746
2,681
5,274
10,214
10,173
-2,427
7,746
138,277
148,289
-10,012
-7,337
-91
-4,342
-838
1,863
10.706
161
-2,427
-2,266
VO
00
Treasury Bulletin
124
____ FOREIGN CURRENCY POSITIONS _ _ _
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms’ Positions 1/
(la millions of Canadian dollars)
Position
at end
o f month
Dec.
Dec.
Dec.
Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
May-
1977
1977
1977
1978
1978
1978
1978
1978
1978
1978
Short-term trade
Liquid
assets 2/
(1)
3,609
, 904r
4,513r
Short
term
debt 2 /
(2)
4,955
384
5,339
362
325
5,258
309
5,567
1,014
987
3,263
912
4,175
921
1,128
309
321
Other
assets £/
Forward exchange 8/
Other
liabil
ities 2/
Receiv
ables i j
Pay
ables 5/
(3)
12,256
511r
12,767r
426
425
12,546
431r
(4)
6,236
700
6,936
695
639
6,019
671r
3,533
3,651
22,277'
3,570r
18,213
1,221
1,463
612
674
850
696
12,977r
416
425
6,690r
668
685
25,847r
3,601
3,665
19,434
1,227
1,268
1,546
888
922
(5)
21,650
3,496r
25,146r
(6)
17,786
1,179
18,965
1,178
1,188
Sold
Bought
(7)
(8)
773
690
245
1,993
2,238
Net
position 2 /
(9)
9,066
l,345r
10,411r
1,911
2,187226
2,224
2,450
2,455
2,540
1,439
1,398
9,220
l,184r
10,404r
1,167
1,326
Ex
change
rate 10/
Positions
held by
offices in:
(10)
0.9141
0.9141
0.9141
1 0.9030
0.8967
Abroad
United States
Worldwide
United States
United States
0.8813
0.8813
0.8813
0.8846
0.8908
Abroad
United States
Worldwide
United States
United States
Table FCP-OT-2. - Weekly Bank Positions H /
(In millions of Canadian dollars)
Assets and liabilities 12/
Date
Assets Liabilities
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78,
2/01/78
2/08/78
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/05/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
Net
World
wide
net
(2)
508
406
452
383
356
429
427
433
428
(4)
5
132
168
147
141
162
144
134
69
66
lOr
56
(5)
439
608
706
712
696
712
643
585
518
5/6
(6)
13,228
13,445
12,569
11,873
11,766
11,724
11,799
11,935
12,001
87
134
151
211
227
202
256
263
242
240
241
112
98
198
a r
491
526
552
659
662
12,323
11,720
11,899
12,269
11,729
12,211
12,992
12,975
13,508
13,580
13,782
13,845
14,133
13,838
13^856
$£.
804
750
794
859
880
737
^77
372
(3)
434
476
538
565
555
550
499
451
449
480
504
432
346
402
458
432
302
404
392
401
448
435
917
979
861
1,114
897
750
804
1,024
972
473
539
422
669
401
300
351
545
536
444
440
439
445
496
450
453
479
436
(1)
942
882
990
948
911
'979
926
884
877
Footnotes at end of Table FCP-X-3.
Exchange contracts 13/
Foreign
branch
net
Banks m U.S.
646
696
702
687
736
691
565
577
634
Banks in U.S.
Bought
Sold
Net
(7)
13,698
13,947
13,182
12,479
12,344’
12,360
12,360
12,429
12,510
12,268
(8)
-470
-502
-613
-606
-578
-636
-561
-494
-509
-596
-611
-518
-483
-497
-441
-494
-505
-611
-568
-552
-518
-526
-509
-539
-606
-571
12,203
12,396
12,710
12,223
12,716
13,603
13,543
14,060
14,098
14,308
14,354
14,672
14,444
14,427
Net position
Foreign
branch
net
World
wide
net
(9)
23
-115
-156
-128
-117
-118
-107
-100
-64
-39
-20r
-63
-139
-116
-124
-185
-186
(10)
-447
-617
-769
-734
-695
-754
-668
-594
-573
-635
-631r
-581
-622
-613
-565
-679
-691
-93
-226
-230
-239
-172
-138
-102
-98
-215
-704
-794
-782
-757
-698
-647
-641
-704
-786
United
Foreign
States 1^/ branch
12/
(12)
(11)
-36
28
-26
17
-75
12
19
-41
-23
24
-86
44
-62
37
-43
34
-60
5
-116
27
-lOr
-107
-86
-7
-52
-79
18
-105
-40
27
-46
26
-70
41
-167
109
-128
30
33
-113
-73
3
68
-30
103
-59
10
-86
-127
-17
-135
World
Exchange
wide 16/ rate 17/
(13)
-8
-9
-63
-22
1
-42
-25
-9
-55
-89
-131
-87
-13
-20
-29
-58
-98
-80
-70
38
-7^
-127
-152
(14)
.9119
.9132
.9128
.9128
.9128
.9095
.9087
.9024
.9003
.9006
m
.8949
.8870
.8910
.8882
.8819
.8766
.8706
.8714
.8845
.8863
.8929
.8981
.8968
.8908
Section III - Canadian Dollar Positions
Table FCP-HI-3. - Consolidated Monthly Bank Positions W
©
(In millions of Canadian dollars)
I
Worldwide
End
of
month
1977-Dec.. ..
Maturity
(2) 3 days-1 month.........................
(3) Over 1 month-3 months...................
(4) Over 3 months-6 months.................
(5) Over 6 months-1 year.... ...............
j
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
529
673
607
232
603
518
494
185
340
-74
155
113
47
-54
528
693
12,016
12,734r
671
456
506
291
2
184
-18
-55
-50
507
570
1,495
2,309
4,086
2,624
2,083
403
13,000
-
1,505
2,493
4,135
2,798
2,268
376
13,575
-
-10
-184
-49
-174
-185
27
-575
-
13.000
1,458... ...
2,797
3,575
2,742
1,953
448
12,973
13.575
i,w
2,932
3,665
3,008
2,201
424
13,579
-575
....... W ...... .
-135
-90
-266
-248
24
-606
3
-2
' Tffl " '
156
-245
-325
-314
533
-88
-606
-25
-113
334
<
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year................... \
Over 1 year............................ /
Total of all maturities................
Capital assets, liabilities............
Summary ((7) + (8))....................
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months............... .
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................ )
Total of all maturities................
Capital assets, liabilities............
Summary ((7) + (8))....................
12,734
-
-
-
3,019
2,526
493
12,973
13,579
653
692
526
258
614
558
558
240
39
134
-32
18
-104
546
601
-16
585
-35
156
19
30
-71
603
702
-26
676
-88
137
-100
33
-63
569
488
-26
1,247
3,003
3,730
3,192
1,826
515
13,513
13,513
1,432
2,694
4,668
3,853
1,773
428
14,848
14,848
1,224
3,048
3,836
3,597
1,920
518
86
Apr.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Mky.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
-96
-76
-88
-142
-183
582
673
640
488
236
2,258
109
3
2.367
573
2,940
(l) Demand/spot............................ ■
....... w ........ ------- -W ------ H........ - 7 .......
796
505
291
(2) 3 days-1 month.........................
350
-155
505
(3) Over 1 month-3 months..................
248
307
-59
(4) Over 3 months-6 months.................
(5) Over 6 months-1 year...................
-66
799
356
{
509
J
™
518
2,415
(7) Total of all maturities................
2,933
\
)
(6)
690
2,917
3,819
2,788
2,139
381
2,951
/*
2,828
112
Demand/spot............................
3 flays-1 month.........................
Over 1 months3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
Total of all maturities................
Capital assets, liabilities............
Net
(5)
715
-22
\
Mar. , ,(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(4)
2,140
118
2,258
814
(9) Summary ((7) + (8))....................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
Total of all maturities................
Capital assets, liabilities.............
Forei ?n exchange contracts 20/
Sold
-22
-231r
-201r
-I89r
-129
54
-718
-718
2,855
96
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Bought
668
2,686
3,618
2,599
2,010
435
12,016
-
(7) Total of all maturities................
(8) Capital assets, liabilities............
1978-Jan....
Feb
Assets 12/
Net
overall
position 21/
(7)
111
822
380
2,951
89
3,040
896
798
576
265
2,350
105
2,455
927
3,462
88
3,550
740
822
568
292
395
2,760
114
2,874
828
685
668
259
862
3,284
90
356
2,796
116
3,374
2,912
-25
V
931
642
557
235
r
V
(
462
1,465
3,470
4,443
3,816
1,695
481
15,370
15,370
14,143
14,143
1,481
2,865
4,675
4,112
1,936
478
15,547
15,547
1,526
3,396
4,755
3,930
1,896
526
23
-45
-106
-405
-94
-3
-630
-630
-49
-171
-7
-259
-163
-50
-699
-699
-61
74
-312
-114
-201
-45
-659
-3
-22
-25
-8
-67
-229
-235
534
-5
62
89
-138
-387
-198
543
-29
-16
-45
-84
-15
12
-229
-234
553
3
-26
-23
-
-
-149
211
-412
-81
-264
524
-171
-26
16,029
-659
-197
16,029
VO
00
Treasury Bulletin
126
____ FOREIGN CURRENCY POSITIONS _
_
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms’ Positions y
(In millions of French francs)
Forward exchange 8/
Short-term trade
Position
at end
o f month
Dec.
Dec.
Dec.
Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
1977
1977
1977
1978
1978
1978
1978
1978
1978
May
1978
Liquid
assets 2J
(1)
4,866
130
4,996
154
1-48
3,271
153
3,424
152
Short
term
debt 2 /
(2)
11,576
426
12,002
' 420
619
10,834
739
11,573
562
(3)
23,445
418
563
(4)
14,933
294
15,227
236
273
15,635
360
15,995
269
567
211
23,863
411
498
26,155
535
26,690
486
165
Pay
ables 5/
Receiv
ables l j
Other
assets 6/
(5)
22,152
870r
23,Q22r
953
949
23,419
899
24,318
Other
liabil
ities 2 /
(6)
15,894
848
16,742
848
931
774
18,321
687
19,008
685
927
690
Sold
Bought
Net
position 2/
Ex
change
rate 10/
Positions
held by
offices in:
(7)
810
1,159
(8)
2,010
1,958
(9)
6,^6
-949r
(10)
4.7048
4.7048
1,969
]y421
1,703
1,944
2,047
3,968.
1,899
2,373
2,756
2,486
3,991
2,039
2,934
5,911r
-464
-741
7,243
-638
6,600
-765
4.7048
4.7405
4.7596
4.5310
A. 5310
4.5310
4.6211
Abroad
United States
Worldwide
United States
United States
Abi.oad
United States
Worldwide
United States
1,777
2,805
-756
4.5914
United States
5,242
Table FCP-IV-2. - Weekly Bank Positions 13/
(In millions of French francs)
Assets and liabilities 12/
Banks m U.S.
Date
Assets Liabilities
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/08/78
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/05/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
(1)
672
814
1,083
738
636
744
646
606
819
715
870
1,179
1,083
1,089
812
794
794
698
718
n.a.
n.a.
739
752
n.a.
704
753
(2)
50
52
49
172
Net
(3)
622
762
1,034
566
99
168
184
233
268
263
203
183
118
191
191
195
190
537
576
462
373
551
452
667
996
284
464
n.a.
n.a.
547
561
n.a.
456
414
254
75
-117
192
191
133
422
331
Footnotes at end of Table FCP-X-3.
965
898
621
599
604
248
Foreign
branch
net
(4)
2,347
2,237
2,022
2,130
1,582
1,767
1,587
1,737
1,867
1,729
l,906r
1,861
1,176
1,515
1,948
2,780
2,097
2,226
1,843
2,257
1,563
1,419
1,045
1,289
1,373
1,500
Exchange contracts 13/
World
wide
net
(5)
Banks in U.S.
Bought
2,141
2,413
2,569
3,379
2,701
(6)
23,786
24,063
23,359
22,859
22,463
22,133
22,490
24,561
23,964
23,716
25,192
24,979
24,482
24,885
24,846
25,463
25,847
2,640
2,097
2,332
1,446
1,611
1,236
1,422
1,621
1,831
26,026
25,513
25,551
24,589
23,840
24,342
24,405
23,494
23,309
2,969
2,999
3,056
2,696
2,119
2,343
2,049
2,110
2,418
2,181
2,573r
2,857
Sold
(7)
24,541
24,996
24,517
23,673
23,216
22,843
23,199
25,125
24,861
24,663
26,415
26,212
25,918
26,336
25,883
26,442
26,775
26,809
26,086
26,124
24,877
24,477
24,686
25,105
24,151
23,856
Net
(8)
-755
-933
-1,158
-814
-753
-710
-709
-564
-897
-947
-1,223
-1,233
-1,436
-1,451
-1,037
-979
-928
-783
-573
-573
-288
-637
-344
-700
-657
-547
Net position
Foreign
branch
net
World
wide
net
(9)
-1,963
-1,971
-1,765
-1,955
-1,284
-1,528
-1,294
-1,364
-1,502
-1,639
-l,863r
-1,950
(10)
-2,718
-2,904
-2,923
-2,769
-2,037
-2,238
-2,003
-1,928
-2,399
-2,586
-3,086r
-3,183
(11)
-133
-171
-124
-248
-216
-134
-247
-191
-346
-495
-556
-237
-1,319
-1,569
-1,865
-2,301
-1,788
-2,755
-3,020
-2,902
-3,280
-2,716
-2,003
-1,583
-2,071
-1,439
-1,257
-865
-1,274
-lj278
-1,181
-2,786
-2,156
-2,644
-1,727
-471
-553
-416
-380
-324
-369
-319
-498
-405
-1,894
-1,209
-1,974
-l'935
-1,728
-445
-153
-567
-409
-216
United
States
Foreign
branch
15/
(12)
384
266
257
175
298
239
293
373
365
90
43r
-89
-143
-54
83
479
309
223
260
186
124
162
180
15
95
319
World
Exchange
wide 16/ rate 17/
,(13)
251
95
133
-73
82
105
46
182
19
-405
-513r
-326
(14)
4.8228
4.79/3
4.7529
4.6904
4.7170
4.6816
4.7472
l .7004
4.7727
4.8834
4.8473
4.8065
-614
-607
-333
99
-15
-146
-59
-312
-281
4.7281
4.7881
4.7265
4.6566
4.6099
4.5372
4.5393
4.5956
4.6179
-283
27
-552
-314
103
4.6125
4.6361
4.6631
4.6664
4.5914
.
Section IV - French Franc Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions W
©
(In millions of French francs)
a
Worldwide
End
of
month
1977-Dec
Foreign exchange contracts 20/
Sold
Net
overall
position 21/
(7)
Assets 19/
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
(4)
(5)
(6) Over 1 year............................ )
(7) Total of all maturities................
(8) Capital assets, liabilities.............
5,644
4,831
2,470
2,054
2,325
6,518
3,391
1,777
1,730
1,682
17,324
330
15,098
-874
1,440
693
324
664
-21
2,226
4,522
9,836
11,972
10,017
4,591
259
41,197
4,710
9,851
12,772
10,506
5,131
309
43,279
-188
-15
-800
-489
-540
-50
-2,082
493
-163
-
(9) Summary ((7) + (8))....................
17,654
15,591
2,063
41,197
43,279
-2,082
5,804
4,646
3,367
1,803
2,489
6,362
3,324
2,333
1,845
1,570
18.109
362
15,434
509
7,210
10,276
12,201
10,648
4,394
231
44,960
-
7,392
11,115
12,553
11,409
4,911
287
47,667
-
-182
-839
-352
-761
-517
-56
-2,707
-
-740
483
682
-803
378
-32
-32
-147
18,471 _
15,943
-558
1,322
1,034
-42
895
24
2,675
-147
2,528
44,960
47,667
-2,707
-179
811
733
108
338
929
19
2,938
7,458
9,674
16,248
10,019
4,989
242
48,630
7,961
9,614
17,177
11,297
5,549
345
51,943
-
-503
60
-929
-1,278
-560
-103
-3,313
308
793
-821
-940
369
-84
-375
-3,313
Maturity
(1) Demand/spot............................
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(4) Over 3 months-6 months.................
1978-Jan.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 mOnths-6 months.................
Over 6 months-1 year...................
Over 1 year........................ »... )
Total of all maturities................
Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
Feb.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(l)
Mbi*
(3)
(4)
(6)
(8)
(9)
Apr,.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............................
6,765
5,954
3 days-1 month.........................
3,791
4^524
Over 1 month-3 months..................
3,937
4,045
Over 3 months-6 months.................
1,000
1,338
Over 6 months-1 year............ ......
1 Cl o
^
2,467
Over 1 year........................... .
16,201
19,139
Total of all maturities................
373
528
Capital,assets, liabilities.............
Sun""01^ ((7) + (8))....................
19.512
16.729
Demand-spot............................ ' 1...........5,'£T5................ ........... 6,510
4,977
4,090
2,881
Over 1 month-3 months..................
3,803
Over 3 months-6 months.................
1,361
883
266
1,543
1,202
Over 1 year............................
1,289
15,832
18,408
392
Capital assets, liabilities............
539
18,800
Summary ((7) + (8))....................
16,371
6,478
Demand/spot........................... .
7,873
4,708
3 days-1 month.........................
4,229
2,922
2,446
Over 1 month-3 months..................
Over 3 months-6 months.................
1,649
1,103
Over 6 months-1 year...................
1,461
2,954
Over 1 year............................ \
17,112
Total of all maturities................
18,711
588
Capital assets, liabilities............
391
(9) Summary ((7) + (8))....................
May..., (l)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year................... \
Over 1 year............................ }
Total of all maturities.................
Capital assets, liabilities............
Summary ((7) + (8))....................
(
{
f
-155
/ft Mn.
8,020
10,569
15,235
11,417
4,937
593
50,771
51,943
v;m ..............
11,551
15,655
12,633
5,517
344
53,475
50,771
5,696
10,955
13,550
12,160
4,012
620
53,475
5,485
12,012
13,933
12,047
4,761
485
1,599
-197
46,993
48,723
-
2,429
-1,395
479
476
546
1,305
188
Net
(6)
2.783
-1,075
887
922
478
1,277
87
2,576
-147
(
Bought
_
-982
-420
-1,216
-580
249
-2,704
-2,704
211
-1,057
-383
113
-749
135
-1,730
-1,062
1,425
-107
-165
124
-71
144
-163
-19
-155
-530
-836
-95
502
-738
697
336
-128
-147
-275
-1,184
-578
93
659
556
323
-131
-197
-
-
19,102
17,700
1,402
46,993
48,723
-1,730
-328
5,889
5,485
2,720
1,604
7,635
4,405
2,114
1,397
9,318
9,614
13,963
11,784
4,183
635
49,497
-
9,354
9,702
15,016
12,062
4,544
507
51,185
-
-36
-88
-1,053
-278
-361
128
-1,688
-
-1,782
992
-447
-71
994
49,497
51,185
-1,688
-275
3,110
1,471
18,808
413
19,221
17,022
786
-1,746
1,080
606
207
1,355
284
1,786
-373
17,808
1,413
{
412
98
-373
VO
Oo
128
Treasury Bulletin
____ FOREIGN CURRENCY POSITIONS______
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms’ Positions 1/
(In millions of German marks)
Forward exchange 8/
Short-term trade
Position
at end
of month
Liquid
assets £/
Dec.
Dec.
1977
1977
(1)
8,320
1,101
Dec.
Jan.
Feb.
1977
1978
1978
9,421
"1,082'
1,116
Mar.
Mar.
Mar.
1978
1978
1978
8,591
1,222
" M i ”
Apr.
May-
1978
1978
Short
term
debt y
8,024
481
489
7,096
530
7,626..
Other
assets 6 /
(3)
14,683
375
15,058
(4)
9,603
999
10,602
(5)
18,667
l,241r
19,908r
...W "
413
925
1,013
10,357
1,086
11,443
..T & T 1,269
1,148
1,285
1,451
1,376
(2)
7,484
540
15,106
396
l£,362
501
543
443
447
1,153
988
Pay
ables 5/
Receiv
ables i j
19,536
1,351
20,887
Other
liabil
ities 2/
Sold
Bought
(7)
1,620
2,558
4,178
(6)
17,653
2,165
19,818
2,228
2,230
18,602
2,286
Wet
position 2 /
Ex
change
rate 10/
(9)
6,852
-l?4r
6,718r
-301
-382
6,662
86
6,)4&
(10)
2.0984
2.0984
2.0984
2.1079
2.0133
1.9926
1.9926
1.9926
Worldwide
United States
United States
Abroad
United States
Worldwide
136
-379
2.0743
2.0827
United States
United States
(8)
1,698
1,705
26,§66
2,4^4
2,243
1,507
2,492
3,999
3,403
..1,761....
1*691
2,023
1,473
3,496
2,384
2,239
2,930
2,728
1,924
2,043
Positions
held by
offices in:
Abroad
United States
Table FCP-V-2. - Weekly Bank Positions 11/
(In millions of German marks)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
(1)
(2)
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
5/01/78
3/08/78
3/15/78
3/22/78
3/29/78
1,142
1,014
963
844
831
890
863
966
4/05/78
4A2/78
4A9/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
870
857
769
897
854
900
656
809
702
615
663
591
628
611
587
540
551
614
599
660
693
715
680
653
679
911
526
550
590
883
885
923
913
1,013
899
886
917
882
949
867
874
845
1,098
664
Footnotes at end of Table FCP-X-3.
Net
(3)
288
114
307
35
129
275
200
375
255
274
336
373
462
285
287
257
189
155
177
116
218
38
341
324
255
434
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
Sold
Net
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States 14/ branch
15/
(12)
(11)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
2,829
3,073
3,193
3,703
3,778
4,059
4,305
4,807
3,906
4,227
4,656r
5,087
3,117
3,187
3,500
3,738
3,907
4,334
4,505
5,182
-1,436
-1,600
-1,941
-2,361
-1,840
-1,784
-2,386
-2,669
-2,799
-3,267
-3,540
-3,614
-2,959
-3,688
-3,585r
-4,194
-4,242
-4,673
-4,623
-4,071
-3,775
-116
-70
-138
-273
-201
-215
-338
-16
-262
-348
-127
12
5,453
5,375
5,501
4,778
4,610
34,252
34,748
31,815
30,715
31,760
34,576
33,053
32,804
32,731
29,990
34,107
33,542
34,012
33,290
33,665
32,160
32,846
-404
-184
-445
-308
-330
-490
-538
-391
-517
-622
-463
-361
4,991
5,090
5,214
4,521
4,421
-53
-447
-233
-333
-232
1,464
1,161
l,534r
1,254
1,264
1,149
1,111
1,040
1,067
4,714
4,459
4,043
4,081
4,869
4,636
4,159
4,299
3,742
4,134
4,172
4,012
3,242
33,848
34,564
31,370
30,407
31,760
34,086
32,515
32,413
32,214
29,368
33,644
33,181
33,497
32,558
33,145
31,570
32,425
32,672
32,650
35,946
35,482
-3,534
-3,580
-3,205
-3,434
-2,695
-3,167
-3,315
-2,842
-2,488
-113
-258
-305
-431
-355
-335
-539
-224
-133
1,448
1,314
1,259
1,296
1,402
1,302
1,396
1,394
887
3,704
3,793
3,848
3,757
2,808
4,161
4,501
4,992r
5,460
35,249
36,335
37,614
35,904
33,635
32,940
33,085
36,367
36,131
35,642
37,011
38,477
36,383
34,202
-515
-732
-520
-590
-421
-268
-435
-421
-649
-393
-676
-863
-479
-567
-2,469
-2,777
-3,002
-3,223
-2,442
-3,066
-3,122r
-3,833
-3,727
-3,941
-4,103
-3,481
-3,354
-3,266
-3,145
-2,784
-2,785
-2,302
-2,491
-2,452
-2,363
-1,921
1,393
1,473
1,252
1,342
1,309
1,282
1,303
1,584
World
Exchange
wide 16/ rate 12/
(13)
1,277
1,403
1,114
1,069
1,108
1,067
965
1,568
1,202
813
l,407r
1,266
1,211
702
878
707
835
1,335
1,056
954
865
1,047
967
857
1,170
754
(14)
2.1638
2.1384
2.1288
2.1146
2.1345
2.1086
2.1292
2.0981
2.1142
2.1099
2.0803
2.0398
2.0153
2.0163
2.0492
2.0408
2.0292 .
2.0090
2.0111
2.0555
2.0797
2.0772
2.0901
2.1247
2.1299
2.0827
_
Section V - German Mark Positions
Table FCP-V-3. - Consolidated Monthly Bank Positions is/
(In millions of German marks)
Worldwide
End
of
month
Maturity
(1) Demand/spot................. ..... .
(2) 3 days-1 month.......................
(4) Over 3 months-6 months.................
(5) Over 6 months-1 year...................
(7) Total of all maturities................
(8) Capital assets, liabilities.............
Assets 19/
Balance sheet items
Liabilities
Net
(2)
11,719
19,034
12,006
4,425
3,048
7,268
57,500
1,967
59,467
(3)
-4,188
-619
1,493
2,589
1,867
2,897
4,039
7,781
15,912
15,172
7,291
4,860
9,727
10,907
19,010
12,284
5,074
3,438
5,909
56,622
1,780
-852
3,187
(4)
6,155
19,160
20,920
15,770
14,166
3,533
79,704
-
Foreign exchange contracts 20/
Sold
(5)
Net
(6)
6,735
20,618
22,342
16,349
13,168
3,705
82,917
-
-580
-1,458
-1,422
-579
998
-172
-3,213
-
79,704
82,917
-3,213
15,213r
17,612r
21,767r
16,588
14,510
3,731
89,421r
89,421r
15,112r
19,028r
23,300r
17,906
13,504r
3,785r
92,635r
-
101
-l,416r
-l,533r
-1,318
l,006r
-54
Net
overall
position 21/
(7)
-4,768
-2,077
71
2,010
2,865
2,725
826
-852
-26
-3,025
-4,514r
l,355r
899
2,428r
3,764
907r
-671
61,852
58,402
92,635r
-3,214r
-3,214r
Feb...... (1) Demand/spot........................... .
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
9,297
16,959
14,002
7,478
5,444
9,157
62,337
1,185
63,522
12,288
18,261
12,112
5,116
3,748
5,811
57,336
1,791
59,127
-2,991
-1,302
1,890
2,362
1,696
3,346
5,001
-606
4,395
19,573r
17,897r
20,792
16,919
14,236
3,779
93,196r
20,006r
20,230r
21,640
18,130
13,535r
3,736
97,277r
-433r
-2,333r
-848
-1,211
701r
43
-4,081r
93,196r
92,277r
-4,081r
-3,424r
-3,635r
1,042
1,151
2,397r
3,389
920r
-606
314r
8,912
16,446
13,113
7,442
6,209
8,901
11,713
19,449
10,897
5,174
4,520
5,374
-2,801
-3,003
2,216
2,268
1,689
3,527
11,497
15,259
21,129r
18,897
13,801
3,655
12,191r
16,549
22,832r
19,102
13,169r
3,607
-694r
-1,290
-l,703r
-205
632r
48
-3,495r
-4,293
513r
2,063
2,321r
3,575
61,023
1,112
62,135
57,127
1,776
58,903
3,896
-664
3,232
84,238r
-
87,450r
-
-3,212r
-
84,238r
87,450r
-3,212r
684r
-664
20r
8,714
14,369
13,762
7,002
6,626
8.059
58,532
1,119
59,651
12,370
17,347
11,521
5,259
4,854
4.853
56,204
1,760
57,964
-3,656
-2,978
2,241
1,743
1,772
3,206
2,328
-641
1,687
14,686r
17,643r
21,881r
19,239
13,044
4,063
90,556 r
-
14,521
18,924r
23,744r
18,888
12,578r
3.789
92,444 r
-
165r
-l,281r
-1,863
351
466r
274
-1,888
-
90,556r
92,444r
-1,888
-3,491r
-4,259r
378
2,094
2,238r
3.480
440
-641
-201
8 554
13)897
14,382
7,237
6,786
7,577
58,433
1,095
11,065
15,947
13,320
5,353
4,988
4,643
55,316
1,820
-2,511
-2,050
1,062
1,884
1,798
2,934
3,117
-725
13,330
18,303
22,071
19,298
12,682
3,980
89,664
-
12,820
20,032
23,977
19,288
12,087
3,820
92,024
-
510
-1,729
-1,906
10
595
160
-2,360
-
-2,001
-3,779
-844
1,894
2,393
3,094
757
-725
59,528
57,136
2.392
89.664
...... 91uQ2b._______
-2f360
32
(5) Over 6 months-1 year...................
(8)
Capital assets, liabilities............
(1) Demand/spot............................
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(5) Over 6 months-1 year...................
(7) Total of all maturities................
(8) Capital assets, liabilities..'...........
P
(l) Demand/spot.............. .......... .
(2) 3 days-1 month.........................
(4) Over 3 mOnths-6 months.................
(6) Over 1 year......................
(7) Total of all maturities................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
May
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot......................... .
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
Total of all maturities................
Capital assets, liabilities.............
Summary ((7) + (8))....................
236r
POSITIONS.
60,743
1,109
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
CURRENCY
(7) Total of all maturities................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
-3,126
-3,098
2,888
2,217
1,422
3,818
4,121
-671
3,450
1978-Jan.....
.FOREIGN
(1)
7,531
18,415
13,499
7,014
4,915
10,165
61,539
1,115
62,654
Bought
Treasury Bulletin
130
____ FOREIGN CURRENCY POSITIONS______
Section VI - Italian Lira Positions
Table FCP-VI-1. - Nonbanking Firms’ Positions!/
(In millions of Italian lire)
Forward exchange 8/
Short-term trade
Position
at end
of month
Dec.
Dec.
Dec.
Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
1977
1977
1977
1978
1978
1978
1978
1978
1978
May
1978
Liquid
assets 2/
(1)
n.a.
n.a.
477,579
n.a.
n.a.
n.a.
n.a.
560,978
Short
term
debt 2 /
(2)
n.a.
n.a.
1,441,519
n.a.
n.a.
n.a.
n.a.
1,476,466
n.a.
Receiv
ables i j
Pay
ables 5/
(3)
3,078,168
167,502
3,245,670
156,830
151,390
3,235,300
150,001
3,385,301
(4)
1,533,946
14,641
1,548,587
14,788
15,209
1,502,486
9,744
1,512,230
(5)
1,940,337
48,904
1,989,241
51,487
49,219
1,916,695
32,979
1,949,674
150,878
143,431
10,729
11,423
34,391
93,581
n.a.
n.a.
n.a.
Other
assets 6/
Other
liabil
ities 2/
(6)
1,852,742
31,817
Bought
Sold
1,884,559
29,235
30,124
2,065,618
31,682
2,097,300
(7)
56,000
98,626
154,626
86,086
92,145
175,900
75,263
251,163
30,234
29,953
74,555
82,869
(8)
359,047
95,490
454,537
117,012
167,332
442,857
166,267
609,124
187,030
126,542
Net
position 2/
Ex
change
rate 10/
(9)
474,192
63,722
537,914
(10)
870.32
870.32
870.32
-42,026
513,786
-61,790
451,996
866.83
852.51
842.11
842.11
842.11
-98,379
9,059
868.06
865.80
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table FCP-VI-2. Weekly Bank Positions!!/
(In millions of Italian lire)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
(2)
Net
Foreign
branch
net
Exchange contracts 13/
World
wide
net
(4)
(5)
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/05/78
4/12/78
4/19/78
4/26/78
64,305
61,324
86,065
n.a.
73,270
n.a.
75,799
n.^a.
68,150
71,654
n.a.
67,172
58,614
56,614
n.a.
63,492
52,502
n.a.
45,997
n.a.
44,654
2,100
5,227
8,828
n.a.
17,079
n.a.
25,603
n.a.
21,993
20,656
n.a.
9,546
7,847
15,294
n.a.
10,642
9,120
n.a.
11,082
n.a.
10,904
62,205
56,097
77,237
72,005
56,191
67,611
50,196
68,186
46,157
50,998
49,762
57,626
50,767
41,320
47,707
52,850
43,382
36,500
34,915
29,650
33,750
59,257
92,350
89,044
89,799
93,121
114,624
111,571
125,128
149,641
101,302
106,264r
110,672
111,087
166,881
124,096
126,946
145,652
125,777
131,453
126,984
146,945
121,462
148,447
166,281
161,804
149,312
182,235
161,767
193,314
195,798
152,300
156,026r
168,298
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
39,443
52,257
54,927
60,682
59,461
14,399
11,983
12,031
11,469
12,083
25,044
40,274
42,896
49,213
47,378
145,895
183,993
139,615
192,669
142,628
(1)
Footnotes at end of Table FCP-X-3.
(3)
Banks in U.S.
Bought
(6)
Sold
Net
(7)
(8)
1 ,014,020 1,062,793 -48,773
1,095,704
1,157,051
1,043,642
1,074,376
1,126,267
1,121,101
1,171,938
1,196,257
1,211,535
1,209,370
1,312,468
-49,226
-63,725
-70,137
161,854
208,201
171,803
179,796
189,034
162,277
166,368
156,634
180,695
1,046,478
1,093,326
973,505
1,016,573
1,054,223
1,068,584
1,089,498
1,129,207
1,119,122
1,138,724
1,244,165
1,192,350
1,155,190
1,204,398
1,186,720
1,149,040
1,176,526
1,168,497
1 ,214,888
1,249,120
1,262,371
1,198,625
1,260,118
1,260,178
1,200,237
1,219,088
1,216,925
1,264,455
1,305,107
-70,021
-43,435
-55,720
-73,458
-51,197
-42,562
-48,428
-49,567
-55,987
170,939
224,267
182,511
241,882
190,006
1,264,430
1,209,717
1,134,845
1,045,092
1,058,366
1,300,473
1,263,487
1,207,344
1,113,991
1,122,228
-36,043
-53,770
-72,499
-68,899
-63,862
-57,803
-72,044
-52,517
-82,440
-67,050
-92,413
-70,646
-68,303
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States IA j branch
15/
(10)
(12)
(ID
...(9)
13,^32
85,246
25,989 -22,784
-11,406 -60,632
80,944
13^512
-13,571 -77,296
75,473
1,868
69,716
-20,083 -90,220
-1,612
36,530
-56,591 -114,394
64,578
-50,046 -122,090
-4,433
-2,321
56,892
-54,679 -107,196
59,124
-66,004 -148,444 -14,254
60,166
-156,525
-89,475
-20,893
37,427
-63,875 -156,288 -41,415
-40,398r -lll,044r -20,884
65,866r
-10,677
70,640
-40,032 -100,335
-7,257 -77,278
-58,533 -101,968
-27,774 -83,494
-59,386 -132,844
-63,000 -114,197
-56,465 -99,027
-59,544 -107,972
-44,022 -93,589
-69,473 -125,460
-67,258
-103 ,,565
-61,057
-113,397
-58,055
-103,301
-157,335
-133,556
-182,296
-121,917
-19,254
-2,115
-8,013
-20,608
-7,815
-6,062
-13,513
-19,917
-22,237
103,830
108,348
96,322
67,560
82,652
-10,999
-13,496
-29,603
-19,686
-16,484
World
Exchange
wide 1£/ rate 17/
(13)
98,678
87,815
88,985
71,584
34,918
60,145
54,571
44,870
39,273
-3,988
44,982r
59 ,'963
(14)
876.14
872.89
874.70
873.74
867.68
872.22
874.51
866.27
867.30
865.05
857.82
852.33
69,312
71,909
82,962
77,472
84,576
106,233
88,309
46,952
74,837
(ft OKC\
58,*396
63,045
55,235
849.98
853.61
859.29
854.88
852.15
850.79
850.*70
860.96
78,637
80,428
78,558
79,272
84,573
67,638
66,932
48,955
59,586
68,089
867.68
869.38
872. 79
872.22
865.80
868.43
131
October 1978
_____ FOREIGN CURRENCY POSITIONS_______
Section VII - Japanese Yen Positions
Table FCP-VII-1. - Nonbanking Firms* Positions 1/
(In millions of Japanese yen)
Short-term trade
Position
at end
of month
Dec.
Dec.
Dec.,
Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
1977
1977
1977
1978
1978
1978
1978
1978
1978
May
1978
Liquid
assets 2J
(1)
n.a.
n.a.
274,948
82,551
93,674
220,273
98,491
318.764
n.a.
n.a.
Short
term
debt y
(2)
n.a.
n.a.
286,716
Pay
ables *>/
Receiv
ables i j
1,475
2,593
274,441
5,361
279,802
n.a.
n.a.
(3)
607,182
19,062
(4)
395,255
27,193
626,244
23,763
24,906
659,318
21,765
681,083
17,038
19,062
422.448
34,310
32,084
457,797
40,769
498.566
33,531
23,981
Other
assets 6/
Forward exchange 8/
Other
liabil
ities 2/
(6)
n.a.
n.a.
376,643
8,601
9,207
357,637
9,781
367.418
9,116
9,184
(5)
n.a.
n.a.
491,664
29,395
30,050
442,855
36,638
479.493
35,659
36,217
Net
position 2 /
Ex
change
rate 10/
110,242
(8)
6,985
(9)
242,329
72,418
117,227
118,075
145,555
4,636
155,316
159,952
171,128
151,382
314,747
-■% , m
95,354
280,203
116,593
396,796
88,337
106,819
(10)
239.97
239.97
239.97
241.49
238.05
220.22
220.22
Sold
Bought
(7)
26,435
98,490
124,925
125,730
136,163
52,268
170,926
223.194
161,990
165,762
1
220.22
225.33
220.14
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table FCP-VII-2. - Weekly Bank Positions 11/
(In millions of Japanese yen)
Assets and liabilities 12/
Banks m U.S.
Date
Assets Liabilities
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/0!>/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
(1)
51,959
52,354
65,409
69,023
66,376
66,453
79,387
62,527
49,522
50,225
51,607
54,245
54,186
60,556
67,235
69,191
1.06,606
89,551
95,148
83,524
74,964
55,857
57,389
56,419
61,142
44,391
(2)
29,117
31,206
18,701
10,625
9,487
10,952
11,021
13,464
11,119
11,120
14,549
13,150
10,969
11,281
20,557
8,149
12,925
9*713
10,861
8,183
8,194
' 7,288
6,833
6,531
8,741
17,009
Footnotes at end of Table FCP-X-3.
Net
(3)
22,842
21,148
46,708
58,398
56,889
55,501
68,366
49,063
38,403
39,105
37,058
41,095
43,217
49,275
46,678
61,042
93,681
79,838
84,287
75,341
66,770
48,569
50,556
49,888
52,401
27,382
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
387,109
400,752
378,379
388,165
396,387
422,751
436,857
448,155
438,721
418,664
417,435r
430,947
441,778
439,923
475,233
489,704
525,946
517,583
503,351
508,031
508,600
488,121
493,158
483,698
503,125
505,593
(5)
409,951
421,900
425,087
446,563
453,276
478,252
505,223
497,218
477,124
457,769
454,493r
472,042
484,995
489,198
521,911
550,746
619,627
597,421
587,638
583,372
575,370
536,690
543,714
533,586
555,526
532,975
Banks in U.S.
Bought
■(6)
1,716,691
1 '774,764
li;703,667
1,,,579,687
IjJ685,165
1 J680,226
1 J831,964
1,|798,480
1 J727,491
1J674,894
id861,306
2,063,583
1,991,777
21,093,993
2 020,155
2.J084,925
2^234,063
2,211,965
2iJ162,116
2^225,597
2J180,183
2Jl32,943
2jl02,069
2,235,705
2 jl28,09fe
2j131,628
Sold
(7)
1,718,958
1,787,908
1,743,568
1,627,184
1,716*948
1,718,273
1,862,241
I1,829,385
1,740,011
1,690,928
1,877,467
2,080,102
2,014,805
21,129,638
2,069,366
2',134,433
2,312,012
2',270,660
2',226,762
2|,295,110
2i,246,390
2,188,246
21,142,895
21,284,258
2,177,322
2„153,733
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States 1Lt branch
W
(10) '
(12)
(8)
(9)
(11)
57,394
20,575
-329-, 715 -331,982
-2,267
-13,144
-336,874 -350,018
8,004
63,878
58,333
-39,901
-320,046 -359,947
6,807
67,491
-47,497
-320,674 -368,171
10,901
59,130
-337,257 -369,040
-31,783
25,106
-361,584 -399,631
17,454
61,167
-38,047
-377,596 -407,873
38,089
59,261
-30,277
-30,905
-382,944 -413,849
18,158
65,211
-378,478 -391,09^
60,243
25,783
-12,620
-16,034
-358,570 -374,604
23,071
60,094
56,046r
20,897
-16,161 -361,389r-377,550r
60,023
-16,519
-370,924 -387,443
24,576
-23,,028 -382,379 -405,407
20,189
59,399
-35,645
-392,440 -428,085
13,630
47,483
45,198
-39,211' -430,035 -469,246
7,467
11,534
46,861
-49,508, -442,843 -492,351
-77,i949' -481,003 -558,952
15,732
44,943
-473,563 -532,258
44,020
-58,695
21,143
45,670
-457,681 -522,327
19,641
-64 ,‘
646
44,241
-69,513, -463,790 -533,303
5,828
44,570
-66,207' -464,030 -530,237
563
-6,734
46,598
-55,303
-441,523 -496,82(>
46,151
-40,826
-447,007 -487,833
9,730
50,548
1,335
-48,553, -433,150 -481,703
64,897
-49 ,''226' -438,228 ■•437,454
3,175
65,016
-22,105
-440,577 -462,682
5,277
Net
World
Exchange
wide 16/ rate 12/
(13)
77,969
71,882
65,140
78,392
84,236
78,621
97,350
83,369
86,026
83,165
76,943r
84,599
79,588
61,113
52,665
58,395
60,675
65,163
65,311
50,069
45,133
39,864
55,881
51,883
68,072
70,293
(14)
241.52
238.07
241.49
240.18
243.01
240.07
242.32
240.91
241.69
241.53
240.49
238.89
238.52
234.19
233.03
230^32
222.00
218.22
218.58
221.02
224.79
225.26
225.28
227.71
228.34
220.14
„
Section VII - Japanese Yen Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions 18/
(In millions of Japanese yen)
End
of
month
Maturity
Assets 19/
(1)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot..............
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities
(9) Summary ((7) + (8)).......
(3)
194,975
503,627
796,091
136,034
19,199
25.911
1,675,837
35,128
1,710,965
408,774
430,784
295,683
64,669
14,246
12.099
1,226,255
35,746
1,262,001
-213,799
72,843
500,408
71,365
4,953
, IS.ftU.,,,
449,582
-618
448,964
-250,194
177,877
445,321
72,731
9,085
18,897
473,717
-1,032
472,685
Bought
Foreiaa exchange contracts 20/
Sold
(4)
255,512
Net
(5)
(6 )
238,450
894,410
1,058,166
788,087
239,899
945,371
660,995
212,517
2ft.152
2,876,980
3,246,538
17,062
-113,977
-112,795
-127,092
-27,382
-5r374
-369,558
2,876,980
3,246,538
-369,558
389,159
644,655
1,168,631
635,721
261,527
18,409
3,118,102
395,407
763,640
1,297,258
744,613
280,512
21,561
3,502,991
-6,248
-118,985
-128,627
-108,892
-18,985
-3,152
-384,889
780,433
27.526
Net
overall
position 21/
(7)
-196,737
-41,134
387,613
-55,727
-22,429
8,438
80,024
-618
79,406
Demand/spot..............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities
Summary ((7) + (8)).......
160,035
460,512
843,462
134,359
24,330
28,606
1,651,304
30,747
1,682,051
410,229
282,635
398,141
61,628
15,245
9,709
1,177,587
31,779
1,209,366
3,118,102
3,502,991
-384,889
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot..............
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
184,232
537,893
810,415
133,310
32,585
28,930
1,727,365
30,073
1,757,438
462,581
350,687
366,020
53,097
14,722
9,250
1,256,357
32,034
1,288,391
-278,349
187,206
444,395
80,213
17,863
19,680
471,008
-1,961
469,047
474,394
792,265
1,102,506
786,608
318,686
17,886
3,492,345
459,908
906,148
1,240,402
936,194
322,585
21,873
3,887,110
14,486
-113,883
-137,896
-149,586
-3,899
-3,987
-394,765
3,492,345
3,887,110
-394,765
242,495
545,370
874,394
133,518
48,031
27,359
1,871,167
31,104
1,902,271
408,037
384,170
374,000
58,015
17,133
5,189
1,246,544
38,467
1,285,011
-165,542
161,200
500,394
75,503
30 ,898
22,170
624,623
-7,363
617,260
392,049r
1,058,272r
l,298,777r
794,716
332,984
31.268
3,908,066r
375,566r
l,277,755r
l,510,473r
910,172
345,489
30.534
4,449,989r
16,483r
-219,483
-211,696r
-115,456
-12,505
734
-541,923r
3,908,066r
4,449,989r
-541,923r
-149,059r
-58,283
288,698r
-39,953
18,393
22.904
82,700r
-7,363
75,337r
292,909
505,952
860,033
157,946
41,997
36.220
481,090
346,068
353,354
76,057
22,231
36.688
1,315,488
573,625r
812,058r
l,395,172r
763,533
375,115
25.482
3,944,985r
591,569r
1,020,259r
1,572,912
874,702
370,307
30,585
4,460,334r
-17,944r
-208,201
-177,740r
-111,169
4,808
-5.103
-515,349r
-206,125r
-48,317
328,939r
-29,280
24,574
-5.571
64,220r
(9) Summary ((7) + (8)).......
31,985
1,927,042
33,977
1,349,465
-188,181
159,884
506,679
81,889
19,766
-468
579,569
-1,992
577,577
3,944,985r
4,460,334r
-515,349r
-1,992
62,228r
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
176,004
477,734
814,327
176,702
49,704
36,970
1,731,441
32,608
415,833
282,058
373,212
84,835
28,986
6,918
526,219
1,108,387
1,112,412
781,364
367,424
26,593
3,922,399
528,605
1,250,139
1,311,234
889,339
386,931
21,197
4,387,445
-2,386
-141,752
-198,822
-107,975
-19,507
5,396
-465.046
-242,215
53,924
242,293
-16,108
34,404
-239,829
195,676
441,115
91,867
20,718
30,052
539,599
-1,796
1,764,049
1,226,246
537,803
3,922,399
4,387,445
-465,046
72,757
(8) Capital assets, liabilities
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot...............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year.......
Over 1 year..............
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 6 months-1 year......
Over 1 year..............
(7) Total of all maturities....
(8) Capital assets, liabilities
May.
(2 )
Net
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(9) Summary ((7) + (8)).......
Apr.
Balance sheet Items
Liabilities
Demand/spot...............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year............
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8))........
-256,442
58,892
316,694
-36,161
-9,900
15,745
88,828
-1,032
87,796
-263,863
73,323
306,499
-69,373
13,964
15,693
76,243
-1,961
74,282
1,211
35,448
74.553
-1*796
s
1%
to
*
&
I
133
October 1978
____ FOREIGN CURRENCY POSITIONS_________
Section VIII - Swiss Franc Positions
Table FCP-VIII-1. - Nonbanking Firms* Positions ! /
(In millions of Swiss francs)
Forward exchange 8/
Short-term trade
Position
at end
of month
Dec.
Dec.
Dec.
Jan.
Feb.
Mar.
Mar.
Mar.
1977
1977
1977
1978
1978
1078
1978
1978
Apr.
May
1978
1978
Liquid
assets £/
Short
term
debt 2/
(2)
(1)
1,563
. ... 394
1,957
391
493
1,805
521
2,326
675
591
Pay
ables 5/
Receiv
ables u
957
1.509
2,166
1,309
1,346
961
1,288
(3)
1,548
46
1,594
45
45
1,574
42
l,6ib
(4)
870
242
1,112
207
230
747
223
1,252
1,261
40
36
203
202
Other
assets 6/
Other
liabil
ities 2/
(6)
(5)
;,979
477
4,456.
4,151
3.182
7,333
3,053
2,9844,032
2,879
479
500
3,841
483
4,324
'
,
2,850
485
467
2,737
Sold
Bought
(7)
Net
position 2 /
Ex
change
rate 10/
Positions
held by
offices in:
473
792
1,265
857
944
387
-1,099
1,486
(8)
373
206
579
230
261
312
201
513
(9)
1,212
-3,310
-1,918
-3,027
-2,839
1,555
-2,446
-891
(10)
1.9914
1.9914
1.9914
1.9792
1.8232
1.8228
1.8228
1.8228
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
1,291
1,266
495
559
-2,309
-2,399
1.9455
1.8786
United States
United Stages
Table FCP-VIII-2. - Weekly Bank Positions n /
(In millions of Swiss francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
(2)
(3)
605
597
646
671
606
643
619
568
667
527
623
476
393
406
474
524
561
561
675
599
593
571
751
606
212
191
172
147
45
82
-56
-31
74
-44
-128
-130
546
475
440
498
459
12,447
498
545
504
606
525
475
463
490
645
587
630
693
563
586
494
583
605
569
412
386
428
382
-99
-112
-190
-195
-104
11,861
4
-38
-101
37
113
89
35
108
(1)
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/05/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
Net
Footnotes at end of Table FCP-X-3.
'
Foreign
branch
net
World
wide
net
(4)
(5)
2,923
3,184
3,273
3,250
3,118
2,926
2,840
2,716
2,728
2,867
2,755r
2,672
2,640
2,279
2,555
2,332
2,425
2,390
2,237
1,968
1,873
1,813
2,006
2,023
2,152
2,432
3,135
3,375
3,445
3,397
3,163
3,008
2,784
2,685
2,802
2,823
2,627r
2,542
2,541
2,167
2,365
2,137
2,321
14,251
2,241
1,930
1,772
1,850
2,119
2,112
2,187
2,540
' Exchange contracts 13/
Banks in U.S.
Bought
(6)
14,805
13,992
14,332
13,536
14,648
15,002
15,864
15,214
,15,065
114,675
16,230
15,^765
16,089
15,486
'14,^64
15,1323
j15,024
'15,247
114,060
!115,429
1'14,804
114,416
114,633
•14,669
14,1583
13,574
Sold
. (7)
15,097
14,277
14,628
13,817
14,795
15,263
16,077
15,352
15,370
14,862
16,356
15,839
16,239
15,585
1 14,918
1 15,398
15,137
1 27,383
14,263
15,759
15,200
14,833
15,092
15,215
14,933
13,843
Net
_
(8)
Foreign
branch
net
1
(9)
Net position
World
wide
net
(10)
-2,482
-292
-2,774
-285
-3,029
-2,744
-296 . -2,846
-3,142
-2,782
-281
-3,063
-2,676
-147
-2,529
-261
-2,588
-2,327
-213
-2,395
-2,608
-138
-2,077
-2,215
-305
-2,148
-2,453
-187 ' -2,382
-2,569
-126
-2,112r -2,238r
-2,359
-74 i -2,285
-150
-2,187
-2,337
-2,022
-99
-1,923
46
-2,168
-2,122
-75
-1,969
rl,894
L113
-2,027
-2,140
-12',136
-1,983 -14,119
-2,047
L203
f1,844
1-330
t 1,723
-2,053
■-396
-1,910
■*•1,514
-1,870
-417
-1,453
-2,086
-‘
•1,627
t-459
-546
-2,200
•11,654
-350
41,852
-2,202
-2,168
-2,637
i-469
United
Foreign
States 1^/ branch
13 /
(12)
(11)
-80
-94
-124
-134
-102
-179
-269
-169
-231
-231
-254
-204
-249
-211
-144
-270
-217
-275
-199
-368
-497
-380
-346
-457
-315
-361
4a
440
427
468
589
599
445
639
580
485
643r
387
453
356
387
438
398
407
393
245
359
360
379
369
300
264
World
Exchange
wide 1£/ rate 17/
(13)
(14)
361
346
303
334
487
420
176
470
2.1195
2.0775
2.0296
2.0243
2.0253
1.9704
2.0115
1.9568
349
254
389r
183
204
145
243
168
181
132
194
-123
-138
-20
33
-88
-15
-97
1.9851
1.9643
1.9139
1.8271
1.8232
1.8893
1.9370
1.9137
1.8753
1.8549
1.8643
1.9558
1.9558
1.9560
1.9691
1.9831
1.9710
1.8786
Section VIII - Swiss Franc Positions
Table FCP-VIII-3. - Consolidated Monthly Bank Positions W
4^
(In millions of Swiss francs)
Worldwide
Maturity-
of
month
1977-Dec.,
(1)
(2 )
(3)
(4)
(5)
(6 )
(7)
(8)
(9)
Demand/spot...............
3 days-1 month............
Over 1 month-3 months.....
Over 3 m0nths-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities
Summary ((7) + (8)).......
balance.,, sheet, .items
Liabilities
Net
(1)
(2 )
(3)
1,239
3,786
4,406
4,259
1,363
1,565
l6,618r
1,101
4,118
3,415
2,628
1,050
920
13,232
138
-332
991
1,631
313
645
3,3
263
530
-267
Assets 19/
Bought
(4)
3,654
6,250
9,962
5,607
3,009
938
29,420
m exchange contracts 20/
Sold
(5)
4,403
7,634
10,591
6,218
2,769
971
32,586
Net
(6 )
-749
-1,384
-629
-611
240
. -33
-3,166.
Net
overall
position 21/
(7)
-611
-1,716
362
1,020
553
612
220
-267
16.881
13.762
3,119-
29,420
32,586
-3,166
(1)
(2 )
(3)
(4)
(5)
(6)
(7)
1,443
3,634
4,986
4,086
1,491
1.659
17.299
187
-247
904
1,226
302
704
5,602
6,099
7,499
10,905
-497
-1,139
-691
-729
349
-310
-1,386
213
497
651
__a±_
379
-2,697
Feb.... (!'
(2 )
3)
,4)
(5)
(6 )
(7)
Demand/spot...............
3 days-1 month............
Over 1 montl>*3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
17.559
1,276
2,994
4,790
4,142
1,500
1,648
16,350
1,256
3,881
4,082
2,860
1,189
___2Sl_
14,223
526
14,749
1,255
3,298
4,258
2,657
1,316
1,048
13,832
113
'-670
-486
-254
576
675
553
Capital assets, liabilities.
259
519
-2 60
(9) Summary ((7) + (8))........
(1) Demand/spot...............
(2 ) 3 days-1 month............
(3) Over 1 month-3 months......
(4) Over 3 months-6 months.....
(5) Over 6 months-1 year.......
(6 ) Over 1 year...............
(7) Total of all maturities....
(8) Capital assets, liabilities.
14,351
T7W
4,031
3,332
2,490
1,535
1,023
13,794
538
2,258
1,179
3,910
3,841
3,929
1,770
1,649
16,278
266
Summary ((7) + (8))........
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
16,544
1,079
2,595
4,663
3,846
1,616
1,586
15,385
275
15,660
14,332
1,308
3,227
3,827
2,493
1,595
1,051
13,501
534
14,035
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
Capital assets, liabilities.
1,244
3,129
4,458
3,867
1,589
1,598
1,030
3,570
3,535
2,627
1,383
15,885
13,356
243
540
2,529
-297
16,128
13,896
2,232
j 9^8-Jan.,
Mar..
Apr.
Demand/spot...............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year.... .
Over 1 year................
Total of all maturities....
(8) Capital assets, liabilities,
(9) Summary ((7) + (8))....... .
(9)
(1)
(2 )
(3)
w
(6 )
(7)
(8)
(9)
May.,
1
(4)
(5)
(6 )
(7)
(8)
(9) Summary ((7) + (8))........
260
1,211
6,360
10,214
5,481
3,929
959
6,210
3,580
__ 941,.
35.242
■
2ig£-
___1£L
-47-
-2 66
2.810
-304
532
1,485
184
600
7,025
7,508
7,591
6,080
3,992
1,028
2,518
33,224
21
'-204"
-121
509
1,439
235
626
2,484
-272
2,212
-229
-632
836
1,353
21
535
1,884
-259
1,625
214
-441
923
1,240
206
387
35,242
7,^16
7,690
8,377
6,989
3,501
1,075
35,348
“=591“
-182
-786
-909
491
-47
-2,124
394
-2 60
33,224
T7 T 9 T "
6,565
7,105
6,791
4,258
1,017
29,929
35,348
4,581' '
7,246
7,649
7,630
4,093
1,064
32,263
-2,124
-= ? m -681
-544
-839
165
-47
134
“=5ST-802
-35
600
400
-2,334
579
150
-2,334
-122
29,929
4,254
4,824
8,431
6,507
4,605
945
29,566
32,263
4,386
5,525
9,433
6,932
993
31,391
-701
-1,002
-425
483
-48
-1,825
29,566
31,391
-1,825
-2 0 0
3,549
6,125
6,831
6,354
4,174
1,007
28,040
3,901
7,013
8,151
6,634
3,922
1,050
30,671
-352
-888
-1,320
-280
-138
-1,329
-397
960
458
344
4,122
-132
252
-43
-2,631
-361
-1,333
-166
928
504
487
59
-= 5 W
§3
-102
-297
28,040
30,671
-2,631
-399
&
I*
135
October 197 8
____ FOREIGN CURRENCY POSITIONS
Section IX - Sterling Positions
Table FCP-IX-1. - Nonbanking,Finns’ Positions 1/
(In millions of pounds)
Short-term trade
Position
at end
of month
Short
term
debt 1/
(2)
Liquid
assets 7 j
(3)
1977
1977
1977
1978
1978
1978
1978
1978
(1)
1,124
. ... 89
1,213
61
61
1,345
67
1,412
Apr.
1978
57
116
227
May
1978
70
124
240
Dec.
Dec.
Dec.
Jan.
Feb.
Mar.
Mar.
Mar.
1,861
136
1,997
69
71
2,007
92
2,099
Pay
ables *>/
Receiv
ables l j
4,177
... 227r
4.404r
217
218
4,422
236r
4,658r
Other
assets 6/
(4)
(5)
3,174
199r
3.373r
173
170
3,291
222r
3,513r
5,629
308r
5,937r
265
207
337
327
5,867
326
6,193
Other
liabil
ities 2/
Forward exchange 8/
Bought
(7)
(6)
4,409
296
4,705
298
302
4,677
313
4,990
348
321
348
335
Sold
Net
position 2/
(8)
(9)
1,123
1,230
296
1.327r
l,623r
245
1.118
1,363
1,076
1,166
312
l,194r
l,506r
1,369
1,338
1,342
1,391
l,166r
1,580r
Table FCP-IX-2. - Weekly Bank Positions
1,655
41r
l,b§>r
Ex
change
rate 10/
Positions
held by
offices in:
(10)
122
127
1,643
135r
l,778r
1.9194
1.9194
1.9194
1.9508
1.9410
1.8639
1.8639
1.8639
Abroad
United States
Worldwide
United States
United States
■ Abroad
United States
Worldwide
-43
-61
1.8235
1.8379
United States
United States
11/
(In millions of pounds)
Assets and liabilities 12/
Banks in U.S.
Date
Assets
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
lAl/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
4/05/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
Liabilities
(1)
(2)
102
86
113
97
86
91
101
76
102
102
94
97
126
123
115
120
107
34
35
24
30
20
32
23
30
114
123
119
109
127
116
137
129
159
45
40
43
39
39
33
47
36
33
47
31
30
30
30
24
17
20
55
Footnotes at end of Table FCP-X-3.
Net
(3)
68
51
89
67
66
59
78
46
57
62
51
58
87
90
68
84
74
67
92
89
79
97
92
120
109
104
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
(4)
(5)
(6)
92
-19
20
23
72
90
103
37
82
20
132r
88
yi
123
-24
-73
-52
160
32
109
90
138
149
181
83
139
82
183r
146
9,318
9,293
8; 948
8,751
8,946
8,796
8,659
-88
-78
-150
-105
-127
-163
-3
-93
-107
124
213
44
11
22
-21
14
-61
-26
-30
-71
117
16
-3
8,422
8,367
8,484
8,522
8,331
8;260
8,399,
8;150
7,912
8,104
8,487
8,492
9,071
8,977
9,088
9,516
9,778
9,543
9,664
World
wide
net
-194
-193
-197
-210
(9)
-40
57
3
6
-20
-52
-41
-5
-83
-35
-103r
-84
-38
-143
19
44
16
27
30
117
61
-189
-192
-233
-219
-204
79
117
5
67
83
(10)
-102
-3
-107
-45
-42
-96
-140
-64
-192
-147
-242r
-199
-198
-313
-121
-120
-165
-167
-163
-80
-149
-110
-75
-228
-152
-121
Sold
Net
(7)
(8)
9,380
9,353
9,058
8,802
8,968
8,840
8,758
8,481
8,476
8,596
8,661
8,446
8,420
8,569
8,290
8,076
8,285
8,681
8,685
9,268
9,187
9,277
9,708
10,011
9,762
9,868
Net position
Foreign
branch
net
-62
-60
-110
-51
-22
-44
-99
-59
-109
-112
-139
-115
-160
-170
-140
-164
-181
United
Foreign
States 3,4/ branch
12 /
(12)
(11)
6
52
38
-9
-21
23
16
29
52
44
38
15
-21
62
32
-13
-52
-1
-50
-15
-88
29r
-57
4
-1
-73
-80
-20
-72
-5
-80
-29
-107
-36
-127
-61
-101
-48
-108
-33
-131
-44
-92
-48
-100
-46
2
-113
-26
-110
-100
-24
World
Exchange
wide 16/ rate 12/
(13)
58
29
2
45
96
53
41
19
-53
-65
-59r
-53
-74
-100
-77
-109
-143
-188
-149
-141
-175
-140
-146
-111
-136
-124
(14)
.
1.8278
1.8474
1.8769
1.8968
1.8801
1.9429
1.9264
1.9539
1.9493
1.9320
1.9365
1,9467
1.9399
1.9339
1.9044
1.8972
1.8786
1.8786
1.8751
1.8396
1.8225
1.8278
1.8222
1.8155
1.8123
1.8379
Section IX - Sterling Positions
Table FCP-IX-3. - Consolidated Monthly Bank Positions W
(In millions of pounds)
Maturity
Assets 19/
(1)
1977-Dec.
(1)
(2 )
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1978-Jan.,
Demand/spot...............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year.......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities
Summary ((7) + (8)).......
(1) Demand/spot..............
(2 ) 3 days-1 month............
(3) Over 1 month-3 months.....
(4) Over 3 months-6 months....
(5) Over 6 months-1 year......
(6) Over 1 year..............
(7) Total of all maturities....
(8) Capital assets, liabilities,
(9) Summary ((7) + (8)).......
(1 ) Demand/spot..............
(2 ) 3 days-1 month,...........
(3) Over 1 month-3 months.....
(4) Over 3 months-6 months....
Over 6 months-1 year......
(5}
(6) Over 1 year.............. .
(7) Total of all maturities....,
8,232
162
1,422
;n exchange contracts £0/__
Sold
(2 )
(3)
(4)
(5)
-231
-773
-91
316
1,695
3,972
5,542
4,393
_JiL
1,677
3,917
5.477
4,339
JL
Net
(6 )
18
55
65
54
2,812
699
18.921
-69
-213
-718
-26
370
283
115
18,852
18,921
-69
-175
-716
2,100
3,872
5,393
4,190
2,923
473
18,951
2,103
3,819
5,286
4,284
2,890
72A
19.106
-3
53
107
-94
33
z2£l.
Zl55_
157
1,893
2,138
1,560
727
522
306
46,
-178
-663
96
1,549
921
750
966
7,326
181
7,146
168
7,507
7,314
193
18,951
19,106
-155
1,789
1,699
1,498
819
686
2,012
-223
-412
-59
-9
175
712
184
2,04Qr
3,795r
5,017r
4,456
2,869r
.. .48?
I8t662r
2,210r
3,555r
5,008r
4,556
2,937r
-- 730
18,996r
-170
240r
9r
-68
=34* ,
-=33.4r.„,
-150r
198
18,662r
18,996r
-334r
-IL .
-136r
-171
-520
-132
55
105
653
2,378r
3,573
5,332r
4,583
2,656 r
479
19,001r
2,345r
3,491
5,298r
4,522
2,727r
33
82
34
1,000
2,111
1,557
828
511
288
7,307
-11
194
228
660
180
13
7,699
(1) Demand/spot.............. .
(2 ) 3 days-1 month.............
1,929
1,535
1,478
943
680
938
2,100
7,503
229
7,732
7,513
193
7,706
1,825
1,745
1,411
1,062
694
974
7.711
245
2,191
2,457
1,401
953
478
290
7.770
244
-366
-712
-12L.
7,501
2,055
1,610
888
575
285
-100
JL4-
61
■,.759.
-71r
-280
19,142r
-I41r
19,142r
-1 4 1 r
2,559r
5,249r
5,795r
5,742r
3,406r
1.161
23.912r
88r
58r
58r
117r
-59r
-283
-59
2,647r
5,307r
5,853r
5,859r
3,347r
.87 8 ,.,.
23.891r
26
(1) Demand/spot................
(2) 3 days-1 month............
(3) Over 1 month-3 months.....
(4) Over 3 mOnths-6 months.....
(5) Over 6 months-1 year......
(6 ) Over 1 year...............
(7) Total of all maturities....
(8) Capital assets, liabilities.
(9) Summary ((7) + (8))........
7,956
8,014
-58
23,891r
23.912r
-21r
(1) Demand/spot...............
(2) 3 days-1 month............
(3) Over 1 month-3 months......
(4) Over 3 months-6 months.....
(5) Over 6 months-1 year.......
(6) Over 1 year...............
1,792
1,706
1,486
1,189
849
1,007
2,221
-429
-717
-244
329
347
718
2,430
4,311
5,566
5,675
3,190
596
21,768
2,384
4,193
5,644
5,655
46
118
-78
3'8g
21
21,891
21,768
21,891
(7) Total of all maturities....
(8) Capital assets, liabilities.
(9) Summary ((7) + (8))........
Net
overall
position 2!/
(7)
3Z.5
18,852
(9) Summary ((7) + (8))........
Over 3 months-6 months.... .
Over 6 months-1 year.......
Over 1 year.............. .
Total of all maturities....,
(8) Capital assets, liabilities,
(9) Summary ((7) + (8)).......
Bought
2,057
2,416
1,978
839
8,394
1,718
Net
(8) Capital assets, liabilities,
(4)
(5)
(6 )
(7)
May..
1,826
1,643
1,887
1,155
771
950
Balance sheet items
Liabilities
7,491
208
(3) Over 1 month-3 months..... .
Apr.
GN
Worldwide
End
of
month
283
8,312
2,423
1,730
860
502
289
8,025
262
8,287
10
109
216
6&A
25
100
261
-AQ2_
_2£_
13
38
-393
-172r
-50r
-109
107
467
-138
-438
-98
116
34r
jm
-36.
-115r
-278r
-654r
68r
226r
157r
-401..
-2 1 r
20
£72r_
-383
-599
-322
349
-250
-123
-123
i
ta
*
to
21
-98
I
137
October 1 9 7 8
_____________ FOREIGN CURRENCY POSITIONS______________
Section X - United States Dollar Positions Abroad
Table FCP-X-1. - Nonbanking Firms’ Foreign Subsidiaries’ Positions
(In millions of United States dollars)
Position
at end
of month
Short-term trade
Liquid
assets 2/
Short
term
debt 2 /
(1)
(2)
(3)
4,463
3,546
8,867
9,003
Dec.
1977.....
6,459
Mar.
1978.....
5,980
Pay
ables j[/
Receiv
able 1/
Other
assets £/
Forward exchange 8 /
Other
liabili
ties 2 /
Bought
Sold
(8)
(4)
(5)
(6)
(7)
13,332
13,715
9,585
9,692
14,222
13,946
2,223
3,427
Net
position 2 /
(9)
1,174
2,388
Table FCP-X-2. - Weekly Bank Foreign Office Positions
(In millions of United States dollars) J i L
Date
Net
assets and
liabilities 12/
(1)
Net
exchange
contracts 13/
(2)
Net
position
(3)
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
-3,100
-3,507
-3,729
-3,948
-3,550
-3,642
-3,599
-3,548
-3,482
-3,267
-3,367r
-3,617
3,514
3,602
3,543r
3,757
32
335
176r
140
3/01/78
3/08/78
3/15/78
3/22/78
3/29/78
-3,407
-3,609
-3,524
-3,617
-3,664
3,494
3,791
3,787
3,880
3,790
87
182
263
263
126
4/05/78
4/12/78
4/19/78
4/26/78
5/03/78
5/10/78
5/17/78
5/24/78
5/31/78
-3,695
-2,973
-3,015
-2,810
-2,684
-2,557
-2,629
-2,912
-3,034
3,802
3,205
3,247
3,254
2,908
2,959
2,803
3,104
3,089
107
232
232
444
Footnotes at end of Table FCP-X-3
3,284
3,527
3,840
4,123
3,320
3,549
3,678
3,378
184
20
111
175
-230
-93
79
-170
224
402
174
192
55
-6,057
-5,493
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - Monthly Bank Foreign Office Positions is/
(In millions of United States dollars)
End
of
month
Maturity
Assets 19/
1978-Jan..
157,615
749
4,240
-3,852
6,631
17,059
19,315
15,296
9,735
1,204
69,240
277
1,308
1,349**
90/i
-593 r
490
3,735
-9,886
-10,447
5,742
9,588
156
4,730
-117
611
158,226
-266
-4,118
72,975
69,240
3,735
27,825
44.729
47,674
24.729
8,773
11,468
18,346
20,861
16,989
10,308
11,583
17,215
19,777
15,585
10,713
1,232
79,629
76,105
-115
1,131
1,084
3,404
-405
425
3,524
159,923
-8,555
-9,608
933
9,026
476
3,872
-3,856
-291
-4,147
(2)
(3)
28,367
46,653
42,701
26,580
7,792
5,522
-10,163
-11,755
4,393
(7) Total of all maturities....
(8) Capital assets, liabilities
153,763
(9) Summary ((7) + (8)).......
154,108
(1) Demand/spot.............. .
(2) 3 days-1 month.............
(3) Over 1 month-3 months.....
(4) Over 3 months-6 months.... .
(5) Over 6 months-1 year...... .
(6) Over 1 year.............. .
(7) Total of all maturities....
(8) Capital assets, liabilities.
(9) Summary ((7) + (8)).......
19,270
35,121
48,607
33,755
9,249
9,553
155,555
221
155,776
JUL.
159,411
512
8,684
Bought
(4)
sn exchange contracts 20/
Sold
79,629
Net
-266
-383
-8,670
-8,477
2,017
10,430
71
4,297
-332
-291
3*524
-623
(1) Demand/spot..............
(2) 3 Days-1 month...........
(3) Over 1 month-3 months.....
(4) Over 3 months-6 months....
(5) Over 6 months-1 year......
(6) Over 1 year..............
18,538
36,260
48,605
31,903
9,300
10,428
29,511
44,649
45,362
24,299
9,578
5,416
-10,973
-8,389
3,243
7,604
-278
5,012
14,209
17,110
21,658
17,487
10,531
1,749
14,152
16,203
20,214
16,242
10,876
1,323
57
907
1,444
1,245
-345
426
-10,916
-7,482
4,687
8,849
-623
5,438
Total of all maturities....
(8) Capital assets, liabilities
155,034
158,815
-3,781
82,744
79,010
3,734
-47
254
551
-297
Summary ((7) + (8)).......
155,288
159,366
-4,078
82,744
79,010
3,734
-344
Demand/emnt...............
(2) 3 Days-1 month............
(3) Over 1 month-3 months......
(4) Over 3 months-6 months.....
Over 6 months-1 year.......
$ Over 1 year...............
17,7 m
40,322
53,966
33,077
9,280
14,409
30,688
52,628
47,612
25,115
9,981
6,235
-12,Q85
-12,306
6,354
7,962
-701
8,174
10,51Q
17,180
21,603
18,272
10,541
1,865
10,220
16,276
20,439
17,261
10,754
1,439
299
904
1,164
1,056
-213
426
-12,686
(7) Total of all maturities....
168,757
761
169,518
172,259
1,106
-3,502
79,980
76,344
3,363
Capital assets, liabilities..
9) Summary ( f 7) + (8))........
173,365
-345
-3,847
79,980
76,344
3,636
134
-345
-211
Demand/spot...............
3 Days-1 month............
Over 1 month-3 months......
4) Over 3 months-6 months.....
5) Over 6 months-1 year.......
6) Over 1 year...............
20.155
39,559
50,922
34.156
8,826
15,064
30,288
51,445
47,210
26,332
9,977
5,935
-10,133
.-11,886
3,712
7,824
-1,151
9,129
12,355
17,580
21,498
18,718
10,818
1,738
12,629
16,343
20,226
18,337
11,258
1,398
-274
1,237
1,272
381
-440
340
-10,407
-10,649
4,984
8,205
-1,591
9,469
171,187
643”
171,835
-2,505
-348
-2,853
82,707
80.191
2.516
11
82,707
18,330
38,793
49,613
36,163
8,851
14,675
31,640
51,009
44,389
26,977
9,589
5,588
-13,310
-12,216
5,224
9,186
-738
9,087
11,795
17,047
22,749
19,189
11,061
1,740
11,657
16,206
21,037
18,900
11,245
1,385
-166,425
169,192
-2,767
83,581
80,430
317
838
-521
166,742
170,030
-3,288
(9)
8)
1)
2)
3)
(7) Total of all maturities....
(8) Capital assets, liabilities.
May.
(6)
6,908
18,367
20,664
16,200 '
9,142
1,694
72,975
Net
18,204
34,898
47,094
35,264
8,541
9,762
(7)
Apr.
(5)
Net
overall
position 21/
(7)
Balance, sheet items
Liabilities
(1) Demand/spot..............
(2) 3 days-1 month............
(3) Over 1 month-3 months.....
(4) Over 3 mOnths-6 months....
(5) Over 6 months-1 year......
(6) Over 1 year..............
(1)
1977-Dec.,
00
(9) Summary ((7) + (8)).... .
(1) Demand/spot...............
(2) 3 days-1 month............
(3) Over 3 month-3 months......
(4) Over 3 months-6 months.....
(5) Over 6 months-1 year......
(6) Over 1 year...............
(7) Total of all maturities....
(8) Capital assets, liabilities.
(9)
Summary ((7) + (8)).......
168,682
300
168,982
83,581
5^93”
80,430
2;"516
--- l 3 F “
841
1,712
289
-11,402
7,518
9,018
-914
8,600
-337
-u ;n r
355
-11,375
6,936
9,475
-922
9,442
3,151
384
-184
3,151
j
I
139
October 1978
.FOREIGN CURRENCY POSITIONS.
Footnotes
SECTION I
1/
Worldwide net positions on the last business day of the
calendar quarter of nonbanking business concerns in the
United States and their foreign branches and majorityowned partnerships and subsidiaries.
Excludes
receivables and installment paper which have been sold
or discounted before maturity, U.S. parent companies'
investment in their majority-owned foreign subsidiaries,
fixed assets (plant and equipment) and capitalized
leases for plant and equipment.
2/
Foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Weekly worldwide net positions of banks and banking
institutions in the United States, and their foreign
branches and majority-owned foreign subsidiaries.
Excludes capital assets and liabilities.
4/
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net positions including capital assets
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
6/
Foreign branches and majority-owned subsidiaries only.
SECTIONS II THROUGH X
1/
Positions of nonbanking business concerns in the United
States and their foreign branches and majority-owned
partnerships and subsidiaries. In section X, positions
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
2/
4/
5/
Includes unsettled spot foreign exchange purchase con
tracts, as well as currency, demand and time
deposits, negotiable and other readily transferable
financial instruments maturing in one year or less from
the report date, and intracompany claims and loans to
other parties repayable on demand.
Other loans,
accounts receivable, and unaccepted trade drafts are
excluded.
Includes unsettled spot foreign exchange sales
contracts, intracompany liabilities, other than short-term
trade payables, short-term borrowings due in one year or
less from the report date, and the current portion of
long-term debt.
Other loans, accrued expenses and
accounts payable are excluded.
Due in one year or less; includes intracompany trade
receivables. Receivables and installment paper sold or
discounted before maturity are excluded.
Due in one year or less; includes intracompany trade
payables.
6/
All current assets other than liquid assets and short
term trade receivables, and financial assets maturing in
more than one year from the report date.
Includes
intracompany accounts, inventories, prepayments, long
term trade receivables, long-term intracompany claims,
and stocks, bonds, and other securities. Fixed assets
(plant and equipment) and parents' investment in
majority-owned foreign subsidiaries are excluded.
7/
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay
ables; intracompany liabilities, accrued expenses, and
liabilities maturing in more than one year from the
report date. Capitalized plant and equipment leases are
excluded.
8/
Outstanding amounts of foreign exchange which have been
contracted to be received or delivered in the future.
Excludes spot exchange.
9/
Columns (1),(3),(5), and (7) less columns (2),(4),(6),
and (8).
10/ Representative rates on the report date.
Canadian
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
foreign units per U.S. dollar.
11/ Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
In section X, foreign branches and majority-owned sub
sidiaries only.
12/ Excludes capital assets and liabilities.
13/ Inoludes both spot and forward exchange contracts.
14/ Sum of columns (3) and (8).
15/ Sum of columns (4) and (9).
16/ Sum of columns (5) and (10).
17/ See footnote 10.
18/ See footnote 11.
19/ Fixed-rate loans are reported by time remaining to final
maturity or the nearest call date, whichever is earlier,
and floating-rate loans by time remaining to the nearest
interest-fixing date.
20/ Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
21/ Sum of columns (3) and (6).
r Revised.
n.a. Not available.
140
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
—
Section II - Federal Credit Programs
Table GA-II-1. - Direct Sales and Repurchases of Loans
(In millions of dollars)
Total
Fiscal year
or month
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
1977............
1977-Aug.........
Sept........
Oct.........
Nov.........
Dec.........
1978-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
July........
Aug.........
Sales
Repur
chases
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
2,759
7,895
428
842
305
781
330
1,141
1,559
1,281
422
2,121
1,113
150
680
1
824
2,210
1,074
506
1,124
1,333
823
670
695
70
734
165
99
363
1,324
40
308
37
296
22
328
69
Export-Import
Bank of the
United States
Housing and Urban Development Department
Farmers Home
Administration
Sales
Repur
chases
Sales
379
406
269
248
145
21
21
160
-
_
261
4
187
20
3
2
104
-
959
1,66$
2,005
2,430
3,324
2,172
6,415
4,247
1,070
-
-
5,445
_
_
-
816
150
680
1
800
_
-
-
_
_
2,086
785
506
1,072
1,289
823
670
695
Government
National Mortgage
Association
Office of Secretary
1/
Repur
chases
Sales
405
569
287
574
284
1,105
1,524
1,148
414
2,083
_
_
2,300
1,501
1,232
6,963
1,592
_
_
_
_
_
-
_
_
_
_
_
_
-
2,118
-
258
_
_
_
67
734
160
95
360
1,320
36
303
33
292
19
325
65
1/ Includes college housing, elderly housing, and public facility loans.
*
Less than $500,000.
_
24
90
220
_
_
_
-
_
Repur
chases
Repur
chases
Small Business
Administration
Sales
Repur
chases
_
_
_
_
_
_
_
_
-
*
_
30
6
*
2
1
_
3
3
*
-
-
-
_
_
_
_
_
_
_
_
-
_
_
_
_
_
_
_
-
-
_
_
_
_
Sales
_
_
_
_
_
-
Sales
_
_
-
Repur
chases
-
209
163
294
96
17
12
12
19
25
30
32
29
6
1
333
36
*
40
38
244
1
_
_
-
Veterans
Administration
_
34
68
_
_
_
52
44
141
October 1978
.CUMULATIVE TABLE OF CONTENTS,
November 1977 through October 1978
Issues and page numbers
1977
Apr.
May
June
VI
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
1
10
11
...
10
11
...
12
10
11
...
...
10
11
12
13
...
...
...
13
...
15
Dec.
Jan.
Feb.
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
10
11
...
...
...
10
11
12
13
...
15
13
16
Nov.
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..............................
Selected accrual data reported by Federal agencies....
Detail of excise tax receipts........................
Summary of internal revenue collections by States
and other areas....................................
Federal obligations....................................
Account of the U. S. Treasury:
Status of the Account of the U.S. Treasury............
Elements of changes in Federal Reserve and tax
and loan account balances..........................
Gold assets and liabilities of the Treasury...........
Monetary statistics:
Currency and Coin in Circulation......................
Federal debtSummary of Federal debt..............................
Computed interest charge and computed interest rate
on interest-bearing public debt.....................
Interest-bearing public debt.........................
Maturity distribution and average length of market
able interest-bearing public debt...................
Government account series............................
Interest-bearing securities issued by Government
agencies...........................................
Participation certificates...........................
Debt subject to statutory limitation..................
Status and application of statutory limitation........
Treasury holdings of securities issued by Government
corporations and other agencies.....................
Description of securities of Government corporations
and other business-type activities held by the
Treasury...........................................
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding.........................
Offering of bills....................................
New money financing through regular weekly Treasury
bills..............................................
Offerings of public marketable securities other than
regular weekly Treasury bills.......................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations..,
Allotments by investor classes on subscription for
public marketable securities....................... .
Disposition of public marketable securities other
than regular weekly Treasury bills...................
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries...........
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries.......................................... .
United States savings bonds:
Sales and redemptions by series, cumulative............
Sales and redemptions by periods, all series
combined............................................
Sales and redemptions by periods, Series E through K....
Redemptions of matured and unmatured saving bonds......
Sales and redemptions by denominations, Series E and
H combined..........................................
Sales by States, Series E and H combined..............
United States savings notes
Sales and redemptions by periods......................
Ownership of Federal securities;
Distribution by classes of investors and types of
issues.............................................. 1
Estimated ownership by private investors...............
Treasury survey of ownership.............................
Treasury survey - commercial bank ownership..............
1978
...
...
Mar.
July
Aug.
Sept.
Oct.
VI
VI
1
-j
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
12
10
11
12
10
11
...
...
10
11
12
...
...
...
...
...
13
17
13
14
16
17
17
18
18
19
VI
21
19
19
13
16
15
21
* 16
14
20
22
23
20
21
20
21
14
15
17
18
16
17
22
23
17
18
15
16
21
22
24
22
22
16
19
18
24
19
17
23
19
20
20
18
24
20
21
25
23
23
17
20
19
25
25
26
23
24
23
24
17
18
20
21
19
20
25
26
20
21
18
19
24
25
20
21
21
22
26
27
24
25
24
25
18
19
21
22
20
21
26
27
21
22
19
20
25
26
21
22
22
23
28
29
30
31
26
27
28
29
26
27
28
29
20
21
22
23
23
24
25
26
22
23
24
25
28
29
30
31
23
24
25
26
21
22
23
24
27
28
2°
30
23
24
25
26
24
25
26
27
32
30
30
24
27
26
32
27
25
31
27
28
...
...
32
...
...
28
27
...
...
30
34
35
32
33
36
37
26
27
29
30
32
33
34
35
29
30
31
32
33
34
29
30
35
38
36
40
30
33
36
38
33
35
37
33
38
42
40
44
35
38
41
43
35
37
39
35
40
47
45
49
40
43
46
48
38
40
42
38
43
51
49
53
44
48
51
53
43
45
47
43
48
58
45
48
56
54
58
49
53
56
5C
46
51
60
58
62
53
57
60
62
47
51
53
49
54
67
65
69
61
65
69
71
55
59
61
58
63
70
68
72
64
68
72
74
57
61
63
60
65
70
71
73
68
69
71
72
73
75
64
65
67
68
69
71
72
73
75
74
75
77
57
58
60
61
62
64
63
64
66
60
61
63
65
66
67
74
75
...
...
...
...
76
77
•••
...
•••
...
...
...
67
...
...
!!.*
76
72
76
68
72
78
78
61
65
68
64
69
77
78
73
74
75
79
80
81
V
80
81
66
67
68
7AJ
§
65
66
79
69
70
71
62
63
79
73
74
75
70
71
72
...
...
...
75
...
...
7?
78
64
...
...
71
75
67
...
Treasury Bulletin
142
___ CUMULATIVE TABLE OF CONTENTS^.
November 1977 through October 1978—Continued
Issues and page numbers
Sections
Nov.
Market, quotations on TEfiagfflaLreWEttteai
End-of-month closing quotations......................
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...................................
Capital movements:
Liabilities to foreigners reported by banks m the
United States........................................
Claims on foreigners reported by banks m the United
States...............................................
Liabilities to foreigners by nonbanking
concerns in the United States........................
Claims on foreigners reported by nonbanking concerns
in the United States.................................
Transactions m long-term securities by foreigners
reported by banks and brokers m the United States....
Foreign Currency Positions:
Summary..............................................
Belgian Franc Positions..............................
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....................................
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept
Oct.
79
81
83
85
79
81
79
81
85
87
85
87
68
70
72
74
79
81
71
73
86
82
86
82
82
88
88
71
75
82
74
80
83
75
81
89
89
72
76
...
90
91
...
77
78
...
...
...
84
84
90
92
91
85
85
91
92
86
86
92
87
88
93
94
87
88
87
88
93
94
93
89
95
89
89
96
92
98
92
104
100
106
110
106
113
87
83
87
83
...
...
...
88
89
...
...
...
88
84
90
89
85
90
86
91
92
83
76
79
82
83
...
84
73
79
85
93
74
80
94
75
81
95
96
76
77
95
97
92
98
100
100
112
106
109
115
120
116
130
131
132
126
127
129
135
137
139
140
142
144
146
Foreign currencies acquired by the U.S. Government
without, payment, of dollar:
Foreign currency transactions, summary and country uses.
Foreign currency transactions, U.S. uses and trust funds i
Financial operation of Government agencies and funds*
Government corporations and other business-type
activities:
Statements of financial condition...................
Statements of income and retained earnings..........
Federal credit programs
Direct sales and repurchases of loans................
Direct and guaranteed loans outstanding..............
Trust funds:
Civil Service Retirement and Disability Fund........
Federal Old-Age and Survivors Insurance Trust Fund...
Federal Disability Insurance Trust Fund.............
Federal Hospital Insurance Trust Fund...............
Federal Supplementary Medical Insurance Trust Funds..
Railroad Retirement Accounts.......................
Unemployment Trust Fund............................
National Service Life Insurance Fund................
Investments of specified trust accounts.............
Dec.
83
85
National bank reports:
Operating Income and Expense, and dividends of national
Banks Calendar Year 1975............................
International financial satistics
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 officail
institutions of foreing 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...............................................
1Q78
1977
...
76
84
86
77
85
87
78
86
82
83
88
89
79
80
87
88
78
84
90
81
89
100
81
88
94
85
93
106
108
89
93
99
90
98
106
112
114
95
96
102
93
101
109
109
116
118
99
100
106
97
104
122
116
116
122
124
105
106
112
103
111
131
133
135
136
138
140
132.
133
135
137
139
141
142
144
146
126
127
129
131
133
135
136
138
140
126
127
129
131
133
135
136
138
140
132
133
135
137
139
141
142
144
146
134
135
137
139
141
143
144
146
148
115
116
118
120
122
124
125
127
129
116
117
119
121
123
125
126
128
130
122
123
125
127
129
131
132
134
136
113
114
116
118
120
122
123
125
127
121
122
124
126
128
130
131
133
135
142
148
142
142
148
150
131
132
138
129
137
137
•••
...
139
•••
141
••.
176
176
'
146
.
...
...
...
149
148
150
150
151
152
154
155
156
157
159
160
151
...
...
...
...
...
145
146
147
148
150
151
152
153
155
156
146
...
152
225
183
184
...
...
153
154
155
156
158
159
160
161
163
164
134
135
...
180
181
182
184
185
186
187
189
190
132
133
140
...
...
@FedFRASER