Full text of Treasury Bulletin : October 1982
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IfiEASURY
DEPARraENT LIBRARy
DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS
OFFICE OF THE COMMISSIONER
WASHINGTON,
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D.C. 20226
OFFICIAL BUSINESS
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October 1982
Special
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UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
il
Treasury Bulletin
DEPARTMENT OF THE TREASURY
OrnCE OF THE SECRETARY
WASHINGTON, D.C.
The Treasury Bulletin is for sale by the SuperintendenI of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
ANNOUNCEMENT
Publication of the Treasury Bulletin will switch from monthly to quarterly following the release of
the November 1982 issue. The inaugural quarterly issue, which for most data series will cover the
first quarter of fiscal 1983, will be published in February 1983. Thereafter, the Bulletin will be published in May, August, and November, or the second month of every quarter.
A change in emphasis as well as frequency will be reflected in the quarterly Treasury Bulletin. A
new, streamlined look will characterize the Bulletin, in which summary-level information is stressed
and excess detail and duplicate information are eliminated from the statistical tables. This change
will more closely approximate the original purpose of the Bulletin to provide information in a compact and usable form.
II
CONTENTS
Page
Page
INTERNATIONAL FINANCIAL STATISTICS
V
Article - Treasury financing operations
FFO-1. -
FEDERAL FISCAL OPERATIONS
Summary of fiscal operations
1
IFS-1. - U.S. reserve assets
63
IFS-2. - Selected U.S. liabilities to foreigners
64
65
66
FFO-2. - Budget receipts by source
2
IFS-3. - Nonmarketable U.S. Treasury bonds and notes issued to official
institutions and other residents of foreign countries
- Budget receipts by source
A
IFS-4. - Weighted average of exchange rate changes for the dollar
Chart
FFO-3. - Budget outlays by agency
5
FFO-A. - Undistributed offsetting receipts
7
FFO-5. - Budget outlays by function
8
CM-I-1.
FFO-6. - Investment transactions accounts in Federal securities (net)
10
FFO-7. - Trust funds transactions
11
-
FO-1.
FEDERAL OBLIGATIONS
Gross obligations incurred within and outside the
Federal Government by object class
- Gross obligations incurred outside the Federal
Government by department or agency
FO-2.
UST-1. -
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
ACCOUNT OF THE D.S. TREASURY
Status of the account of the U.S. Treasury
UST-2. - Elements of changes in Federal Reserve and tax and loan note
account balances
UST-3. - Gold assets and liabilities of the Treasury
12
-
Total liabilities by type of holder
70
CM-I-2. - Total liabilities to nonmonetary international and regional
organizations by type, payable in dollars - part B
70
CM-I-3. - Total liabilities by country
71
CM-I-4. - Total liabilities by type and country
72
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
13
15
16
CM-II-1. - Total claims by type
73
CM-II-2. - Total claims by country
74
CM-lI-3. - Total claims on foreigners by type and country reported by
banks In the U.S
75
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA
REPORTED BY BANKS - U.S.
17
MS-1.
MONETARY STATISTICS
- Currency and coin in circulation
FD-1.
FEDERAL DEBT
- Summary of Federal debt
FD-2.
- Computed Interest charge and computed interest rate on
19
CM-IV-1.
- Total liabilities and claims by type
FD-3.
- Interest-bearing public debt
20
CM-IV-2.
- Total liabilities by country
FD-4.
- Government account series
21
CM-IV-3.
-
18
CM-III-1. - Dollar claims on nonbank foreigners
76
CM-III-2. - Dollar liabilities to, and claims on, foreigners
77
LIABILITIES TO, AND CLAIMS ON, FOREIGNERS REPORTED BY
NONBANKINC BUSINESS ENTERPRISES IN THE UNITED STATES
19
interest-bearing public debt
69
CM-I-2. - Total liabilities by type, payable in dollars - part A
78
79
Total liabilities by type and country
80
FD-5.
- Interest-bearing securities issued by Government agencies
22
CM-IV-4,
- Total claims by country
81
FD-6.
- Participation certificates
23
CM-IV-5.
- Total claims by type and country
82
FD-7,
- Maturity distribution and average length of marketable
CM-V-1.
-
interest-bearing public debt
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
24
Foreign purchases and sales of long-term domestic
securities
83
FD-8.
- Debt subject to statutory limitation
24
FD-9.
- Status and application of statutory limitation
25
CM-V-2.
- Foreign purchases and sales of long-term foreign securities...
26
CM-V-3.
- Net foreign transactions in marketable U.S. Treasury bonds
CM-V-4.
- Foreign purchases and sales of long-term securities,
CM-V-5.
- Foreign purchases and sales of long-term securities,
latest year
FD-10. - Treasury holdings of securities
FD-1
1
.
- Description of securities
PUBLIC DEBT OPERATIONS
31
PDO-2. - Offerings of bills
32
PDO-3. - New money financing through regular weekly Treasury bills
34
PDO-4. - Public offerings of marketable securities
36
PDO-5. - Unmatured marketable securities issued at a premium or discount..
39
PDO-6. - Allotments by Investor classes on subscriptions for public
marketable securities
43
PDO-7. - Disposition of public marketable securities
45
PDO-8. - Foreign series securities
46
48
- Sales and redemptions by periods, all series combined
49
SB-3.
- Sales and redemptions by periods,
86-4.
- Redemptions of matured and unmatured savings bonds
SN-1.
- Sales and redemptions by periods
series E through K
50
53
OWNERSHIP OF FEDERAL SECURITIES
OFS-1. - Distribution of Federal securities
54
OFS-2. - Estimated ownership of public debt securities
55
MARKET QUOTATIONS ON TREASURY SECURITIES
- Treasury bills
88
- Weekly bank positions
88
FCP-II-1. - Nonbanking firms' positions
89
FCP-II-2. - Weekly bank positions
89
56
90
FCP-III-1. - Nonbanking firms* positions
-
90
Weekly bank positions
JAPANESE YEN POSITIONS
FCP-IV-1,
- Nonbanking firms'
FCP-IV-2.
- Weekly bank positions
52
UNITED STATES SAVINGS NOTES
MQ-1.
- Nonbanking firms* positions
FCP-I-2.
FCP-III-2.
SB-2.
,
FCP-I-1.
GERMAN MARK POSITIONS
49
1 .
86
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
CANADIAN DOLLAR POSITIONS
UNITED STATES SAVINGS BONDS
- Sales and redemptions by series
cumulative
SB-
85
latest date
PDO-1. - Maturity schedule of interest-bearing marketable public debt
securities
PDO-9. - Foreign currency series securities issued to residents of
foreign countries
84
and notes by country
27
83
positions
91
91
SWISS FRANC POSITIONS
Nonbanking firms* positions
FCP-V-1.
-
FCP-V-2.
- Weekly bank positions
92
92
STERLING POSITIONS
FCP-VI-1.
- Nonbanking firms' positions
FCP-VI-2.
-
93
93
Weekly bank positions
UNITED STATES DOLLAR POSITIONS ABROAD
MQ-2.
-
Treasury notes
56
FCP-VII-1. - Nonbanking firms' foreign subsidiaries' positions
94
MQ-3.
- Treasury bonds
58
FCP-VII-2. - Weekly bank foreign office positions
94
Chart
- Yields of Treasury securities
59
AY-1.
- Average yields of long-term Treasury, corporate, and
AVERAGE YIELDS OF LONG-TERM BONDS
municipal bonds
Chart
60
- Average yields of long-term Treasury, corporate, and
municipal bonds
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-II-1. - Direct sales and repurchases of loans
96
CUMULATIVE TABLE OF CONTENTS
97
61
EXCHANGE STABILIZATIOH FUND
ESF-1. - Balance sheet
62
ESF~2. - Income and expense
62
Note: Details of figures may not add to totals because of rounding.
Ill
October 1982
TREASURY FINANCING OPERATIONS
Auction of 2-Year Notes
September
On
announced
that
auction
would
It
S6, 500
million of 2-year notes to refund $A,370 million of notes maturing September
and
1982,
30,
raise
to
million
$1,930
new
The
cash.
offered were
notes
to which tenders were accepted on a yield auction basis.
with
1984,
payable
interest
and September
31
30
12-l/8t was set after the determination as
A coupon rate of
until maturity.
on March
semiannually
semiannually on May 15 and November 15 until maturity.
Tenders for the bonds were received until 1:30 p.m., EDST, September 23
and
totaled
$5,938 million,
which $2,750 million was accepted at yields
of
average
the
yield
tenders
were
coupon rate on the notes was 12-1/8X, they were considered an additional Issue
11.68%,
price
of the 12-1/8% notes of Series F-1984 maturing on September 30,
accepted from private Investors totaled $1,951 million.
Tenders for the notes were received until
and totaled $11,548 million,
from
ranging
up
100.217,
to
price
12.25Z,
99.784.
Noncompetitive tenders were accepted in full at the average yield of accepted
tenders,
12.20Z,
price
99.870.
totaled
These
In
addition
$500
Reserve
Federal
the
to
million
banks
million
$6,304
as
accepted
tenders
accepted
for
agents
authorities and $550 million of
of
were
tenders
of
foreign
at
and
totaled
These
99.496.
$779
accepted
of
tenders,
Competitive
million.
tenders
Bearer and
branches and at the Bureau of the Public Debt, Washington, D.C.
registered notes and registered bonds were authorized to be issued In denominations of $1,000. $5,000. $10,000, $100,000, and $1,000,000.
On August
the auction
in
from
price
monetary
International
were accepted at the average price
tenders
at
52-Week Bills
average
the
full
in
Competitive
$1,482 million.
tenders accepted from private Investors totaled $5,022 million.
process,
accepted
Tenders were received In all of the auctions at Federal Reserve banks and
EDST, September 15
1:30 p.m.,
which $6,504 million was accepted at yields
of
price
12.00Z,
1984.
Noncompetitive
ranging from 11.65%, price 99.727, up to 11.79%, price 98.659.
Since the determined
to which tenders were accepted on a yield auction basis.
The bonds of 2002
will be dated September 29, 1982, due November 15, 2002, with interest payable
Treasury Notes of Series W-1984, to be dated September 30, 1982, due September
30,
11-5/8% was set on the bonds after the determination as
A coupon rate of
Treasury
the
8
27
$7,000 million of
for approximately
Invited
tenders were
364-day Treasury bills to be dated September 9, 1982, and to mature September
8,
The Issue was to refund $4,768 million of 364-day bills maturing
1983.
Tenders were opened
September 9 and to provide about $2,232 million new cash.
September
They totaled $17,379 million, of which $7,000 million was
from Government accounts and Federal Reserve banks for their own account In
on
exchange for maturing securities.
accepted, Including $182 million of noncompetitive tenders from the public and
Tenders were received at Federal Reserve banks and branches and at the
Bureau of the Public Debt, Washington, D.C.
authorized to be Issued in denominations of
Bearer and registered notes were
$5,000,
and
$100,000,
$10,000,
million of
$1 ,518
banks
2.
authorities.
An
and
as
agents
additional
for
million
$113
price
foreign and
was
Federal Reserve
to
International monetary
Issued
foreign
to
official
The average bank discount rate was 10.286%.
institutions for new cash.
51,000,000.
the average
the bills Issued at
themselves
for
On September 24 tenders were invited for approximately $7,000 million of
364-day Treasury bills to be dated October 7, 1982, and to mature October 6.
Auctions of A-Year Notes, 7-Year Notes and 20-Year I-Month Bonds
On September 14 the Treasury announced that it would sell to the public
at auction, under competitive and noncompetitive bidding, up to $5,000 million
of 4-year notes of Series J-1986, $4,000 million of 7-year notes of Series F1989,
and
$2,750 million of 20-year l-month bonds of 2002 to refund $2,401
million of publicly
held Treasury
securities maturing September
and
30,
to
1983.
The
October
7
was
refund
to
$5,251
million
of
bills
364-day
maturing
Tenders were opened
They totaled $11,696 million, of which $7,001 million was
on September 30.
accepted, including $318 million of noncompetitive tenders from the public and
$1,430 million of
banks
raise about $9,350 million new cash.
issue
and to provide about $1,749 million new cash.
the average price to Federal Reserve
bills Issued at
the
themselves
for
and
as
agents
for
foreign and
international
monetary
The average bank discount rate was 9.521%.
authorities.
A coupon rate of 12-1/4% was set on the notes of Series J-1986 after the
determination as to which tenders were accepted on a yield auction basis.
Series J-1986 will be dated September 30,
The
13-Week and 26-Week Bills
due September 30.
notes
of
1986,
with Interest payable semiannually on March 31 and September 30 until
1982,
Issues
million.
maturity.
million,
Tenders
EDST,
for
the notes
of
Series J-1986 were
received until
1:30 p.m.,
Treasury
weekly
regular
of
bills
in
totaled
September
$54,800
These issues were to refund bills maturing in the amount of $48,150
and to raise about $6,650 million new cash.
Average rates for the
new Issues are shown In the following table.
September 21, and totaled $15,161 million, of which $5,002 million was
accepted
at
99.815.
Noncon^etltive tenders were accepted in full at the average yield of
accepted
ranging
yields
tenders,
12.30%,
from
price 99.907,
12.28%,
price
These
99.846.
up
12.31%,
to
totaled
$1,528
price
Annual average rate
(bank discount basis)
Date of issue
million.
Competitive tenders accepted from private Investors totaled $3,474 million.
In
process,
Federal
addition
$630
the
to
million
Reserve
banks
million
$5,002
of
as
of
tenders
tenders
were
accepted
at
agents
for
foreign
and
accepted
the
In
the auction
average price
international
from
September
monetary
9
authorities, and $100 million of tenders were accepted at the average price
16
from Government accounts and Federal Reserve banks for their own account In
23
30
9.746
9.605
9.704
9.443
9.196
8.604
8.565
8.161
7.849
7.801
2
exchange for maturing securities.
A coupon rate of
11-7/8% was set on the notes of Series F-1989 after the
determination as to which tenders were accepted on a yield auction basis.
notes of Series F-1989 will be dated September 29, 1982, due October 15,
The
Treasury Bills (Other than Cash Management Bills) - General
1989,
Treasury
with interest payable semiannually on April 15 and October 15 until maturity.
bills
are
noncompetitive bidding,
Tenders for the notes
EDST,
of
Series
F-1989 were received until
1:30 p.m.,
September 22, and totaled $8,174 million, of which $4,002 million was
accepted at yields
99.387.
ranging from 11.82%,
price
100.229,
up to
12.00%,
price
basis
under
are
issued
entirely
in
is
competitive
and
payable without
book-entry form in a minimum
the Federal Reserve banks and branches, or of the Department of the Treasury.
Tenders
addition
$220
the
million
Reserve
authorities.
to
banks
$4,002
of
as
million
of
tenders
tenders
were
accepted
agents
for
foreign
at
and
accepted
the
in
average
the auction
price
international
are
received
at
Federal
Reserve
banks
and
Individuals at the Bureau of the Public Debt, Washington.
for
Federal
discount
a
amount of $10,000 and in any higher $5,000 multiple, on the records either of
These totaled $1,118 million. Compet-
itive tenders accepted from private investors totaled $2,884 million.
process,
series
on
Noncon5>etltlve tenders were accepted in full at the average yield of
accepted tenders, 11.94%, price 99.667.
In
All
Interest.
sold
and at maturity their par amount
from
monetary
a
S5,000.
minimum
of
Payment
$10,000.
for
the
Tenders
full
par
over
amount
$10,000 must
applied
for
branches
and
from
Each tender mist be
be
in
must
multiples
of
accompany all
tenders submitted for bills to be maintained on the book-entry records of the
Treasury Bulletin
VI
TREASURY FINANCING OPERATIONS
A cash adjustment will be made for the difference
Department of the Treasury.
between the par payment submitted and the actual Issue price as determined In
the auction.
No deposit need accompany
companies
trust
and
securities for bills
responsible
from
to
be
tenders
and
maintained on
from Incorporated banks and
recognized
the
dealers
book-entry records of Federal
guaranty
of
payment
by
Incorporated
an
bank
or
trust
company
accompanies the tenders.
from any one bidder,
bills,
are
accepted
In
for each
full
at
issue
the
of
13-week,
weighted
26-week,
average
price
for
made by credit in Treasury tax and loan
be
accounts.
Nonmarketable Foreign Series SecuritieB
Dollar-denominated
institutions
in
$500,000 or
and
of
foreign
September
— Foreign
series
Sl»286
totaled
Governments
securities
million,
Redemptions during the month totaled $1,580 million.
million.
foreign
series
securities
issued
consisting
official
Co
of
12
bills.
At the end of September,
outstanding
totaled
$12,243
(Details are shown on page A7.)
52-week
accepted
Public Debt Limit
competitive bids for an issue.
Payment
52-week bills may not
dollar-denominated
Noncompetitive tenders (without stated price), usually for
less
and
the
bills applied for must acconqiany tenders for such bills from others, unless an
express
week,
Investment
In
A deposit of 2 percent of the par amount of
Reserve banks and branches.
Payment for 13-week, 26-
Treasury securities maturing on or before that date.
accepted tenders must be made or completed on the date of
issue, In cash or other immediately available funds or in a like par amount of
Public Law 97-270, signed by the President on September 30,
the
temporary
1983.
public
debt
limit
to
$1 ,290.2
billion
through
1982, raised
September
30,
October 1982
FEDERAL FISCAL OPERATIONS,
Table FFO-1. -
Summary
of
Fiscal Operations
(In millions of dollars)
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
October 1982
FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Source-Continued
(In millions of dollars)
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
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October 1982
FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget Outlays by Agency-Continued
(In millions of dollars)
Treasury Department
Fiscal year
or month
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
Justice
Department
1,531
1982 (Est.).
1983 (Est.).
1981-Aug
Sept...
Oct. ...
Nov. . .
Dec...
1982-Jan
Feb....
Mar
Apr. . .
May. . .
June. .
July...
Aug....
Fiscal 1982
to date. . .
Labor
Department
State
Department
Transportation
Department
Interest
on the
public
debt
Environmental
Protection
Agency
October 1982
7
FEDERAL FISCAL OPERATIONS,
Table
FFO-4.
Undistributed Offsetting Receipts
(In millions of dollars)
Treasury Bulletin
S
r.r.T^i?r>AT
Table FFO-5.
-
—^i^——
FISCAL OPERATIONS
Budget Outlays by Function
(In millions of dollars)
FY 1982
FY 1981
Corapar-
Function
Oct.
Sept.
Aug.
Nov,
Apr.
Mar,
Feb.
Jan.
Dec.
July
June
May
Cumula-
Aug.
able
period
fiscal
1981
tlve to
date 1/
Nationa l defense
—Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
International
—
Outlays
15,115
16,482
-72
16,749
-15
9
23
15,413
-83
-12
171,330 146,542
-970
-812
-10
54
170,414 145,720
34
19
16,258
14,132
14,579
16,436
16,385
15,204
16,419
16,757
15,318
1,498
-753
2,195
-1,362
1,539
-755
1,643
-1,088
1,702
-1,242
-1,167
-25
-
1,994
-847
-37
2,110
-1,708
-3
2,970
-1,141
-33
1,594
-1,035
-
-
-
-
-
20,374
-11,721
-106
19,615
-9,472
-73
1,019
745
830
759
556
1,796
1,111
559
402
460
395
8,548
10,070
347
-*
830
592
_*
613
-*
496
569
613
-*
543
-*
6,585
-8
6,079
-
537
-4
619
_
621
-3
552
-*
490
347
830
592
613
498
569
618
532
613
543
552
620
6,577
6,075
r988
-67
1,025
-6
1,309
-32
1,238
-245
572
457
-74
558
705
637
-186
652
-165
530
-112
1,313
-802
816
-173
-215
-360
-380
7,518
-2,745
-1,720
r921
1,018
1,276
993
399
384
446
520
511
486
601
171
256
4,773
9,337
rl,425
-203
-35
1,398
-243
-23
1,724
-145
-17
1,275
-296
-23
1,372
-62
-20
1,251
-277
-40
988
-327
-9
1,181
-153
-10
1,273
1,108
-252
-7
1,221
-121
-4
-U
1,305
-139
-6
1,391
-209
-10
14,084
-2,152
-158
14,788
-2,528
-187
rl,187
1,131
1,561
955
1,290
933
651
1,017
1,148
849
1,041
1,161
1,172
11,774
12,073
536
-1
-423
860
-40
1,590
2,674
2,732
946
-391
53
829
47
6
-31
1,175
-12
2,627
16
-63-913
728
-21
13,825
-61
6,060
-55
536
-407
820
1,637
2,681
2,701
1,163
2,622
949
-400
53
831
707
13,764
6,004
295
-634
-4
1,157
6
1,054
-3
852
-3
-255
-4
-230
1,182
-4
-125
8
-4
999
-3
-
-*
-1
-1
-381
-3
-*
4,288
-38
-
-3
-*
-3
-
-5
4,677
-40
-3
849
-261
-237
1,178
-129
4
996
-385
4,245
4,634
__-_---------
19,042
-507
22,251
-471
1,608
1,836
18,535
21,430
14,815
-90
-2
14,453
-278
30
46
-3
rl3,519 14.022
14,722
14,205
1,547
-762
-
1,937
-756
-198
1,650
-624
-7
785
982
490
-*
14,285
-188
14,715
-156
16,529
-126
-18
16,557
-87
-35
16,214
rl3,673 13,861
-142
166
-5
r-12
79
10
affairs
Proprietary receipts from the public
Intrabudgetary transactions
Xotal
General science, space,
—
.....
Outlays
1,561
and technology
Proprietary receipts from the public
Total
-
Energy
—Outlays
Proprietary receipts from the public
Total
Natural resourc es and environment
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
Outlays!!
Proprietary receipts from the public
Total
Commerce and housing credit
Outlays
!
Proprietary receipts from the public
Intrabudgetary transactions
Total
Transportation
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
Community and regional development
Outlays
!
Proprietary receipts from the public
Intrabudgetary transactions
Total
Footnotes at end of table.
-3
-*
292
-*
-639
_*_*_*
-3
1,154
-4
1
1,601
-42
1,051
1,912
-41
1,500
-36
-40
1,803
-76
1,925
1,881
1,727
1,559
r718
-58
-24
643
1,081
-74
-17
819
-36
-27
-
-80
-7
r636
641
990
783
688
592
1,964
-39
1,921
24
1,871
775
2,202
-35
1,292
-51
1,917
-51
1,464
-40
-168
1,799
-47
1,651
-43
1,879
-44
11,056
-
1,465
2,167
1,241
1,867
1,425
1,752
544
57
485
-45
517
-28
537
544
704
-1
-I
-28
-22
-29
-14
-30
-
477
-20
-
607
-H
-
7,102
-326
-73
9,459
-345
-229
439
488
523
457
557
502
675
6,702
8,886
-13
October 1982
FEDERAL FISCAL OPERATIONS
Table FFO-5.
-
Budget Outlays by Function-Continued
(In millions of dollars)
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
May
Apr.
July
Cumula-
Aug.
tive to
date
U
Comparable
period
fiscal
1981
Education, training, employment, and
social services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Totals
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...
Total
General government
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
General purpose fiscal assistance
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
Interest
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
Undistributed offsetting receipts .
Net budget outlays
_*_-_____
2,649
-2
1,955
2,656
2,248
-2
2,161
-2
1,953
2,305
1,997
1,995
-
-1
-1
_
-1
-
__
2
1,842
-4
2,414
-7
23,736
-1
2,277
-3
2,198
-1
2,647
1,954
2,654
2,274
2,245
2,160
2,198
1,953
2,304
1,996
1,997
1,838
2,408
23,715
6,877
r-312
-1,035
7,093
7,304
-4
3
7,207
-2
9,171
-6
5,912
-51
-490-1,032-1,032
-2,743
-150
7,163
-299
-1,022
8,766
-330
-1,859
7,643
-309
-1,035
7,386
-319
-1,047
8,140
-325
-1,043
7,767
-341
-1,151
7,850
-355
-1,139
84,310
-3,537
-13,254
r5,530
6,599
6,173
6,421
5,711
5,841
6,578
6,298
6,019
6,772
6,275
6,356
67,519
19,837 20,902 19,856
-*
_*
_i
-741
-54
-63
34,042
7,426
21,031
23,119
22,646
-
-
2
-1
-
232,172
-
-56
-685
-1,045
-84
-1,833
22,396
-1
-10
20,385
-i
-866
22,151
-*
-239
20,352
-*
-79
-39
-4,975
210,907
-3
-4,399
18,857
19,095 20,847 19,793
33,175
7,371
20,345
22,075
21,912
20,269
20,812
22,385
20,346
227,195
206,505
3,270
-52
814
1,963
-52
2,330
-58
3,294
-57
803
-50
3,151
-52
1
*
1,986
-52
-6
1,046
-46
1
1
22,627
-570
-12
21,488
-557
-6
1,927
3,099
997
22,046
18,936
6,276
839
-49
2,062
-50
-1
-*
789
2,011
3,13
854
3,217
763
1,912
2,274
3,239
753
397
-1
395
386
-*
371
-*
352
-*
350
-10
382
-2
483
-5
422
-2
164
1
397
397
386
371
352
340
381
479
419
603 13,830
-3
-13
-8 -13,560
538
-23
-7
323
24
-7
396
-5
-7
225
556
756
112
11
8
-27
-16
-48
-16
20
-10
581
266
508
339
384
211
550
692
123
28
1,393
-80
259
_
-
6,046
-28
-4,567
129
-
13
-
1,176
_
28
-
-
179
_
28
179
1,314
259
28
1,451
130
14
1,176
7,582
-250
-11
6,602
-105
-61
6,821
-123
-541
7,527
-249
-*
13,707
-184
-441
7,457
-302
-520
8,039
-206
-199
6,974
-242
-68
7,968
-199
-135
7,320
6,436
6,157
7,278
13,081
6,634
7,634
6,664
7,633
-3,652
-2,216 -1,039 -1,973
-7,710
-1,018
-1,475
-1,680
-1,235
r52,787
53,698 64,216 56,838
76,875
45,937
57,826
63,549
66,073
-
3,064
-50
905
-50
-1-2-1-6
11
-49
-21
-2
28,598
-16
71,841
-3,051
-9,091
Treasury Bulletin
10
FEDERAL FISCAL OPERATIONS,
Table FFO-6.
-
Investment Transactions of Government Accounts
in
Federal Securities (Net)
(In millions of dollars)
Health and Human Services
Fiscal year
or month
Federal
old-age and
survivors
insurance
trust fund
Federal
Housing and Urban Development Department
October 1982
11
FEDERAL FISCAL OPERATIONS
Table FFO-7. - Trust Funds Transactions
October 1, 1981 througb August 31, 1982
(In millions of dollars)
Receipts in trust funds
Receipts of trust funds
Classification
(trust funds)
Trust
interfund
and proprietary
receipts
1/
Interfund
Outlays in trust funds
Treasury Bulletin
12
FEDERAL OBLIGATIONS
"Obligations" are the basis on which the use of funds Is controlled
They are recorded at the point at which the
in the Federal Government.
Government makes a firm commitment to acquire goods or services and are
the
first
of
the
sumption
—which
general,
they
four key events
— order,
delivery,
and
payment,
consist
orders
of
placed,
contracts
In
services
awarded,
received, and similar transactions requiring the disbursement of money.
The
point
obligational
in
gauging
the
stage
Government
of
impact
the
of
transactions
Government's
is
strategic
a
operations
on
inventory
commitment
purchases
which
stimulates
employment
and
of
occur for months after the Government
business
Disbursements
labor.
places
its
order,
but
personal
services are used
in
Federal agencies often do business with one another;
"buying"
the
records
agency
records reimbursements.
obligations,
the
in doing so,
"performing"
agency
obligations Incurred within the
In Table FO-1,
distinguished
and
those
from
outside
incurred
Government
are
Government.
Table FO-2 shows only those incurred outside.
the
the
including
investment,
the
current operations or in the construction of capital items.
fund
accounts were
first published in the September 1967 Treasury Bulletin,
and the trust
Obligation data
national economy, since it frequently represents for business firms the
Government
whether
compensation,
personnel
con-
characterize the acquisition and use of resources.
All payments for salaries and wages, for example, are reported
purpose.
as
may not
the order
fund
accounts
Obligations are classified according to a uniform set of categories
the
first
administrative budget
published
in
the
October
Bulletin.
1967
Beginning with the April 1968 Bulletin, the data are on the basis of the
budget
itself usually causes immediate pressure on the private economy.
were
for
concepts
adopted
pursuant
to
the
recommendations
of
the
President's Commission on Budget Concepts.
based upon the nature of the transaction without regard to its ultimate
Table FO-3.
— Gross
obligations incurred outside the
Federal Government, comparative statement by month, has
been discontinued.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal
by Object Class, May 31, 1982
Government
^
(In millions of dollars)
Gross obligations Incurred
Object class
Within
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel
:
699
10, 768
5,293
57,542
5,992
10,768
079
663
415
464
58, 345
36, 912
646
2,104
3,241
378
20,470
19,626
2,725
3,767
7,656
842
78,815
56,538
33, 726
4,251
2,139
37,977
7,994
25,685
57, 542
Contractual services and supplies
Travel and transportation of persons.
Transportation of things
Rent, communications, and utilities..
Printing and reproduction
Other services
Supplies and materials
:
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
2,
1,
4,
:
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities
Interest and dividends
Refunds
855
25, 654
5,
31
:
Other
Unvouchered
Undistributed U.S. obligations
597
81,856
173,967
90,014
597
947
1,151
948
4,005
71,626
173,741
71,845
10,230
226
18,169
:
Gross obligations incurred 1/
Source:
Reports on Obligations, Standard Form 225, from agencies.
It For Federal budget presentation a concept of "net obligations
incurred" Is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress. Summary figures on this basis
follow.
(Data are on the basis of Reports on Obligations
received from the agencies prior to reports submitted for budget
89,658
presentation and therefore may differ somewhat from the Budget
of the U.S. Government.)
Gross obligations incurred (as above)
Deduct:
Advances, reimbursements, other income, etc
Offsetting receipts
Net obligations incurred
647,687
647,687
-107,342
-62,318
478,027
October 1982
FEDERAL OBLIGATIONS
Table FO-2. - Gross Obligations Incurred Outside the
Federal Government
by Department or Agency, May 31, 1982
(In millions of dollars)
.
Personal services and benefits
Classification
i
Personnel
compen^'"'°"
Legislative branch _!_/
The judiciary
Executive Office of the President
Funds appropriated to the President:
International security assistance
International development assistance
Other
Agriculture Department:
Commodity Credit Corporation
Total military
28
2
33
27
2
2
y
555
*257
9
1
1
134
4
1,520
4
14
1
602
339
74
1,619
194
34
7,323
12,952
9,359
2,682
4,752
10,614
4,606
9,448
32,316
29,420
222
11
4
69
18
17
3
116
33
278
382
602
468
38
9,754
317
50
406
283
416
676
545
464
668
698
9,762
1,437
55
2,353
33
U
9
80
20
6
446
116
3gg
2 271
A
yyj
1
125
1*008
'399
1
J
285
715
523
*219
3
5q^
157
5
463
9O
752
,35
.'
;
57,
5«
ig 1Q7
*
Total off-budget Federal
^S^n-^i-es
Supplies
and
materials
HZ
556
""^her
Off-budget Federal agencies 3/:
Synthetic Fuels Corporation fund
Postal Service
Rural Electrification Administration
revolving funds
Other
serv-
30
3g gj^
"^"
'
285
13*428
10*364
1
and
repro-
16
j_^„
13
duction
Prlntlne
9
52^3
Defense Department:
Military:
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies
Rent, communl^atlons.
and
utilities
16
5
;
Transportatlon of
things
162
J
Commerce Department
T^^l
Contractual services and supplies
Travel and
transportatlon
of persons
317
„ Ol^her
Education Department
Energy Department
Health and Human Services Department
Housing and Urban Development Dept.
Government National Mortgage
Association
Housing for the elderly or
handicapped 2_/
Other
Interior Department
Justice Department
Labor Department
State Department
Transportation Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
Other
Environmental Protection Agency
National Aeronautics and Space
Administration
Veterans Administration
Other Independent agencies:
Export-Import Bank of the U.S
General Services Administration
Small Business Administration
Tennessee Valley Authority
Personnel
benefits
Benefits
for
former
personnel
10_,07
699
10,768
2,079
52
4,415
1,236
338
Treasury Bulletin
14
.FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, May 31, 1982-Continued
(In millions of dollars)
Grants and fixed charges
Classification
15
October 1982
ACCOUNT OF THS U^. TBKAAUBT
Soarce and Availability of the Balance in the Account of the U.S. Treasury
The Operating cash of the Treasury Is maintained In Treasury' 8 accounts
As
with the Federal Reserve banks and branches and In tax and loan accounts.
the balances In the accounts at the Federal Reserve banks become depleted, they
are restored by calling in (withdrawing) funds from thousands of financial
the
country authorized to maintain tax and loan
Institutions throughout
accounts.
Under authority of Public Law 95-147, the Treasury implemented a program on
November 2, 1978, to invest a portion of Its operating cash In obligations of
depositaries maintaining tax and loan accounts. Under the Treasury tax and loan
investment program, depositary financial Institutions select the manner In which
Depositaries that wish to retain funds
they will participate in the program.
deposited in their tax and loan accounts In interest-bearing obligations
participate under the Note Option; depositaries that wish to remit the funds to
the Treasury's account at Federal Reserve banks participate under the Remittance
Option.
Table UST-1.
-
Deposits to tax and loan accounts occur in the normal course of business
under a uniform procedure applicable to all financial institutions whereby
customers of financial institutions deposit with them tax payments and funds for
In most cases the transaction Involves
the purchase of Government securities.
merely the transfer of funds from a customer' s account to the tax and loan
On occasions, to the extent
account In the same financial Institution.
authorized by the Treasury, financial institutions are permitted to deposit in
these accounts proceeds from subscriptions to public debt securities entered for
their own account as well as for the accounts of their customers.
The tax and loan system permits the Treasury
financial institutions and to leave the funds in Note
the financial communities In which they arise until
needs the funds for its operations.
In this way
neutralize the effect of its fluctuation operations
institution reserves and the economy.
to collect funds through
Option depositaries and in
such time as the Treasury
the Treasury Is able to
on Note Option financial
Status of the Account of the U.S. Treasury
(In millions of dollars)
Funds In process
of collection
through
Treasury operating balance 1/
Available funds In
demand accounts at:
End of
fiscal year
or month
Total
Federal
Reserve
banks
1973
1974
1975
1976
Treasury tax
and loan note
accounts
1981
4,038
2,919
5,773
11,975
13,299
15,740
16,647
6,489
4,102
3,520
8,433
6,152
1,475
2,854
4,119
3,364
5,797
17,687
16,888
15,150
1981-Sept
Oct
Nov
Dec
1982-J8n
Feb
Mar
Apr
May
June
July
Aug
Sept
3,520
3,550
3,475
4,301
8,285
3,835
2,866
12,239
2,540
4,099
3,275
3,234
10,975
15,150
12,785
4,321
7,745
16,425
16,833
10,135
16,501
5,407
6,900
7.123
4,785
18,189
T.Q
1977
1978
1979
1980
Other
deposltartes 2/
106
88
343
7
3/
Federal
Reserve
banks
V
243
276
369
235
117
135
76
55
184
147
-18
12,576
9,159
7,591
14,836
17,418
19,104
22,444
24,176
20,990
18,670
257
253
1,351
923
18,670
16,335
7,796
12,046
24,710
20,668
13,001
28,740
7,947
10,999
10,398
8,019
29,164
923
855
1,066
722
1,165
422
563
1,799
870
1,148
1,176
450
690
Bureau of Government Financial Operations.
Effective January 1972, the Treasury operating balance excludes the gold
balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit greater
flexibility In Treasury cash management.
_3/ will not agree with Daily Treasury Statement due to rounding.
Represents funds in process of collection by (a) the U.S. Treasury and (b)
Source:
_!_/
Other
depositaries 4
31
11
33
7
10
10
16
21
20
29
44
54
217
Time deposits
and other
interestbearing
demand
accounts
19
35
70
195
175
136
64
50
60
355
275
138
30
22
60
70
66
22
22
16
66
15
60
15
70
71
78
15
II
71
64
63
94
122
Coin,
currency,
and coinage
metal
586
602
752
819
818
41
29
15
14
57
Other
demand
accounts
15
15
14
18
263
21
21
Miscellaneous
Gold
balance
Items
6/
70
54
46
50
717
3
570
632
-2
-19
791
734
734
719
708
704
722
653
666
663
632
591
564
553
576
-6
-11
-13
-4
-7
-7
-8
-10
-7
-5
-7
-9
-6
107
106
Balance In
account of
the U.S.
Treasury
13,741
10,352
8,868
16,065
18,597
20,531
23,691
25,277
23,211
20,414
20,414
18,005
9,660
13,570
26,694
21,864
14,362
31,502
9,538
12,844
12,473
9,142
30,624
conynerclal banks which have been authorized to defer credit until checks
are collected.
Represents demand deposits In national, foreign, and other bank
depositaries previously included In time deposits.
6/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
*
Less than $500,000.
W
Treasury Bulletin
16
.ACCOUNT OF THE
Table UST-2.
-
Elements of Changes
in Federal
U.S.
TREASURY.
Reserve and Tax and Loan Note Account Balances
(In millions of dollars)
Credits and withdrawals
Tax and loan note accounts
Federal Reserve accounts 1/
Fiscal year
or month
Received
directly
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
198 1-Sep t
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Proceeds from sales of securities 4/
Credits 2/
725,280
810,481
209,758
875,071
952,116
983,693
1,165,226
1
,
372 ,394
2 950
105,885
118,667
131,662
108,455
109,262
131,454
161,039
116,237
134,894
115,184
131,246
148,589
1 1
,
Received
through remittance option
tax and loan
depositaries
Withdrawals 3/
722,427
Marketable
Nonmarketable
Issues
Issues 5/
9,072
2,897
Taxes 6/
Total
credits
Withdrawals
(transfers to
Federal Reserve
accounts)
I
October 1982
,
ACCOUNT OF THE
Table UST-3.
-
17
U.S.
TREASURY,
Gold Assets and Liabilities of the Treas ury
(In millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
1973
1974
1975
1976
1977
1978
1979
1980
273
1981
1981-Sept.
Oct.
Nov.
.
Dec.
1982-Jan..
Feb..
Mar..
Apr.
May..
June.
July.
Aug .
Sept.,
Treasury Bulletin
18
MONETARY
Table MS-1.
-
STATISTICS,
Currency and Coin
in Circulation
(In millions of dollars except per capita figures)
Currencies presently
being issued
Currencies no longer Issued
Treasury
notes of
United
States
notes
Total
currencies
Federal
Reserve
notes 3/
Federal
Reserve
bank
notes
National
bank
notes
1973
1974
1975
1976
T.q
1977
1978
1979
1980
1981
52
51
50
50
49
49
20
20
20
20
20
20
20
20
20
19
213
212
211
210
209
208
207
207
206
205
320
321
322
322
322
317
313
312
310
307
59,664
65,185
72,093
79,028
79,597
87,349
96,566
106,681
117,152
125,048
60,273
65,793
72,700
79,634
80,201
87,947
97,159
107,270
117,739
125,631
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
48
48
48
48
48
48
48
48
48
48
48
19
19
19
19
19
19
19
19
19
19
19
19
19
205
205
205
205
205
205
205
205
205
205
205
205
204
307
307
306
306
306
306
306
305
305
305
304
304
304
125,112
125,048
125,346
129,096
131,901
126,822
126,867
128,853
130,187
132,615
134,234
134,112
135,370
125,696
125,631
125,929
129,679
132,483
127,404
127,448
129,434
130,767
133,195
134,814
134,691
135,949
End of
fiscal year
or month
48
48
48
48
47
48
End of
fiscal year
or month
Silver
certificates
Gold
certiflcates 1/
Fractional
coin
Federal
Reserve
notes 2/
1890
Total currency
and coin in
circulation 4/
Currency and coin in
circulation
per capita
<in dollars) 5/
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
705
765
816
941
951
999
1,063
1,435
1,483
1,492
6,793
7,275
7,681
8,303
8,397
8,877
9,441
10,011
10,695
11,386
7,498
8,040
8,496
9,244
9,348
9,876
10,504
11,446
12,178
12,877
67,771
73,833
81,196
88,877
89,548
97,823
107,663
118,716
129,917
138,508
322.11
348.44
380.08
413.17
415.37
450.08
491.52
536.74
569.07
601.02
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
1,497
1,492
1,500
1,501
1,503
1,489
1,486
1,495
1,503
1,505
1,505
1,493
1,505
11,341
11,386
11,418
11,503
11,581
11,582
11,591
11,643
11,705
11,784
11,851
11,896
11,936
12,838
12,877
12,918
13,004
13,084
13,071
13,077
13,138
13,208
13,288
13,356
13,389
13,441
138,534
138,508
138,847
142,683
145,566
140,475
140,525
142,572
143,975
146,483
148,170
148,081
6/149,390
r601.64
601.02
601.90
618.14
630.47
607.72
607.48
615.92
621.57
631.95
638.72
r637.75
642.81
Source:
Statement of United States Currency and Coin.
Issued prior to January 30, 1934.
IJ
Issued prior to July 1, 1929.
21
Issued on and after July 1, 1929.
Excludes currency and coin held by the Treasury and currency and
_4/
V
bj
_6/
*
r
coin held by or for the account of the Federal Reserve banks and agents
Based on the Bureau of the Census estimated population.
Highest amount to date.
Less than $500,000.
Revised.
October 1982
19
.FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal
Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Securities held by:
Treasury Bulletin
20
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In mllllonB of dollars)
Total
Interestbearing
public
debt
End of
fiscal year
or month
1974
1975
1976
Marketable
Treasury
bills
Nonmarketable
Treasury
notes
Treasury
bonds
U.S.
savings
bonds
1977
1978
1979
1980
1981
1982
«73,238
532,122
619,254
633,560
697,629
766,971
819,007
906,402
996,495
1,140,883
266,575
315,606
392,581
407,663
443,508
485,155
506,693
594,506
683,209
824,422
105,019
128,569
161,198
161,505
156,091
160,936
161,378
199,832
223,388
277,900
128,419
150,257
191,758
206,319
241,692
267,865
274,242
310,903
363,643
442,890
33,137
36,779
39,626
39,839
45,724
56,355
71,073
83,772
96,178
103,631
205,653
216,516
226,673
225,897
254,121
281,816
312,314
311,896
313,286
316,461
61,921
65,482
69,733
70,752
75,411
79,798
80,440
72,727
68,017
57,274
1981-Scpt
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
996,495
999,451
1,011,936
1,027,300
1,032,678
,042,198
1,059,815
1,064,538
1,066,410
,078,431
1,083.296
,108,131
1,140,883
683,209
689,578
704,819
720,293
726,542
737,532
752,620
755,833
755,688
763,995
774,077
801,427
824,422
223,388
229,061
233,905
245,015
250,562
254,037
256,212
254,880
256,114
256,007
262,009
273,066
277,900
363,643
362,649
370,794
375,332
374,357
382,070
395,042
399,700
398,408
406,925
411,070
427,426
442,890
96,178
97,867
100,119
99,946
101,623
101,425
101,366
313,286
309,874
307,117
307,007
305,136
304,666
307,195
308,705
310,722
314,436
309,218
305,704
315,461
68,017
67,718
67,739
67,837
67,581
67,378
67,163
67,034
67,082
57,122
67,132
67,148
67,274
T.q
1
1
1
Nonmarketable
End of
fiscal year
or nonth
Investment
series
Depositary
series
— Continued
101 ,253
101,165
101,063
100,998
100,935
103,631
October 1982
21
.FEDERAL DEBT.
Table FD-4.
-
Government Account Series
(In mllllona of dollars)
End of
fiscal year
or month
Airport and
Treasury Bulletin
22
FEDERAL DEBT.
Table FD-5.
-
Interest-Bearing Securities Issued by
(In millions of dollars)
End of
fiscal year
or month
Government Agencies
October 1982
23
FEDERAL DEBT.
Table FD-6. - Participation Certificates
(In millions of dollars - face amounts)
Export-Import Bank
of the United States
End of
fiscal year
or month
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
1981-Aug..
Sept.
Oct..
Nov..
Dec.
1982-Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Participation certificates Issued by G^mA acting as trustee
Treasury Bulletin
24
.FEDERAL DEBT.
Table FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
.
Amount
outstanding
privately
held
167 ,869
164,862
210,382
279,782
294,595
326,674
356,501
380 5 30
463,717
549,863
,
540,228
549,863
558,169
569,534
580,670
590 ,139
604,671
619,030
613,576
618,699
628,997
634,556
660,583
1-5
5-10
10 - 20
years
years
years
84,041
87,150
115,677
151,723
153,203
161,329
163,819
181,883
220,084
256,187
54,139
50,103
65,852
89,151
94,845
113,319
132,993
127,574
156,244
182,237
16,385
14,197
15,385
24,169
31,247
33,067
33,500
32,279
38,809
48,743
8,741
9,930
8,857
8,087
7,939
8,428
11,383
18,489
251,533
256,187
263,717
266,163
275,322
284,171
290,697
295,476
289,000
290,476
293,266
295,118
309,446
180,669
182,237
177,834
189,570
188,422
183,843
194,457
200,544
199,278
203,612
207,106
206,380
217,258
45,297
48,743
52,201
47,615
50,851
54,370
49,120
52,612
55,329
54,361
58,425
63,022
66,347
Within
1 year
20 years
and over
Average length 1/
3
25,901
32,569
4,564
3,481
4,611
6,652
7,262
10,531
14,805
20,304
22,679
30,127
32,602
32,569
32,536
34,164
34,055
34,069
35,819
35,822
35,565
35,701
35,651
35,583
33,097
30,127
30,127
31,881
32,022
32,020
33,686
34,578
34,576
34,404
34,549
34,549
34,453
34,435
October 1982
25
Table FD-9.
Liberty
Second
The
Bond
Act
757b),
U.S.C.
(31
and Application of Statutory Limitation
Status
-
authority
under
obligations
that
guaranteed
States,
United
of
as
shall
and
act,
principal
to
not
exceed
billion outstanding at any time.
(Public
1982,
Law
and
97-204)
provides
The
that
ending on September
30,
Interest
and
act
of
beginning
1982,
-
June
28,
on
June
of
the
$400
1982
28,
statutory debt
the
limit shall be temporarily increased by $1 Wi
Part A.
by
aggregate
the
in
amount
face
the
,\
The
as
amended, provides that the face amount of obligations Issued
that
act
the
participations
National
June
of
face
30,
issued
(Public
1967
amount
under
section
Association
Mortgage
provides
Law 90-39)
beneficial
of
302Cc)
Charter
Interests
of
Act
and
the
Federal
(12
U.S.C.
1717Cc)) during the fiscal year 1968 and outstanding at any
time
shall
be
added
to
the
amount
otherwise
taken
Into
account In determining whether the requirements of the above
provisions are met.
billion.
Status Under Limitation,
September
30, 1982
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
1,142,034
606
(*)
1,141,429
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
350
1,135
1,485
Total debt subject to limit
1,142,913
Statutory debt limit
1,143,100
187
Balance of statutory debt limit
Part B.
-
Application of Statutory Limitation,
Classification
September
30,
1982
Amount outstanding
Interest-bearing debt:
Marketable:
Bills:
Treasury
277 .900
Notes:
Treasury
442 ,890
Bonds:
Treasury
Total marketable
103,631
824,422
Nonmarke table:
Depositary series
20
2
Treasury Bulletin
26
.FEDERAL DEBT.
Table FD-10,
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
End of
fiscal year
or month
Housing and Urban
October 1982
FKOSBAI. O&BT
,
Table FD-11. - Description of
Securities of Governmeat
Corporation. an<i Oth«'
B.....,.-T,pe Activities Held b, the Treasury.
September 3o! 1982
(In millions of dollars)
.
Title and authorizing act
Date of Issue
Date payable
Department of Energy:
Bonneville Power Administration,
Act of Aug. 20, 1937, as amended:
Advance
Do..
Do
Do.'
Do.
Do.
.'
.'.'.".".*.'
Sept.
30,
-^""e
30,
Sept .
Sept.
Sept .
30,
30.
30
^^''-
31
^^^'
^°'
,
do
Do..,'.'..'.'.'.'.',
Do.
. .
Total
!!!!!!!!!!!!!!!!! ;!!!;
Commodity Credit Corporation,
Act of Mar. 8. 1938, as amended:
Advance.
Jan.
Do
Do
Do
Do
Do
Do
Do
Do
1979
1979
1979
1980
1 981
1981
^^^^
,
1 ,
1
982
Various dates
**°
''o
'^°
"
....,*.'.".'.'
(lo
**°
''o
.'.
To t a 1
'^°
.-..............*.
Dept of Commerce,
Fishing Vessels. NOAA
Advance
Dq_
Various dates
_ _ _
Do
Tota 1
^°
*.*..*.'.".**.'.'.'.'.*
Export-Import Bank of the U.S., Act of
July 31, 1945, as amended:
Notes, Series 1978
,
p
l-ederal
.
'*°
!!!!!!!!!!
^,
Financing Bank, Act of Dec. 29, 1973:
Advances
p
Federal,
.
ouslng Administration. Act of Aug.
10. 1965-General Insurance fund:
Advance
'.[
Advances
Various dates
Various dates
"*•
''"
"
''°
"io
•'""»
* '
1975
30,
Various dates
'
°°
Advance
Do..
Do
Do
Do
Do
Do...!!
"••
'>"•
'.'.
.'.'
'"^
=-
*!"•
Special risk Insurance fund:
Advances
Do
Advance
Do
!
Do
Do.!!!
!
Advances.!!!!!!!!!!
Do
Do
Do
Advance
Do
Do
Do
Do
Do
!
Do
!!!
Do
!!!!
1977
1977
1977
1978
1978
1980
1981
31.
31.
31,
3°.
30,
'*Pt'"^y
31,
Sept.
30,
Subtotal
Do
1974
31.
Various dates
Do
Do
Do
Do
Do
Oo
Various dates
*lo
^'*>-
28,
1973
Various dates
Sept.
"ov.
30,
30,
*"•
31,
1973
1973
1974
Various dates
''"
!!!!!!!!!!!
!!!!!!!
**°
^l"
J""
30,
1975
Various dates
''0
!
"":
J"'?
J"ly
Sept.
31,
30,
31,
1977
1978
1980
31,
30,
1981
1981
June
30,
1982
*Pr-
Do
Subtotal
Total Federal Housing Administration
Federal Emergency Management
Agency,
Executive order, Apr. 1, 1979
National flood Insurance fund.
Act of
Aug. 1, 1968:
Sept
28
Treasury Bulletin
ygPKBAIi filBIi
Table FD-11. - Description of Secaritiee of Governmemt Corporationa and Other
fiiLalAeaa-Type Activities Held by the Treasury, September 30, 1982 - Continued
I
(In millions of dollars)
Title and authorizing act
Date of issue
Date payable
Interest payable
Rate of
October 1982
29
.FEDERAL DEBT
Securities of Oovernment Corporations and Other
Table FD-11. - Description of
Basiness-Typo Activities Held by the Treasury, September
30,
1982
-
Continued
(In millions of dollars)
Title and authorizing act
Saint Lawrence Seaway Development Corporatlo
Act of May 13, 1954, as amended:
Revenue bonds
Date of Issue
ate payable
Various dates
Various dates
Secretary of Agriculture, Farmers Home
Administration:
Rural housing insurance fund. Act of July 15,
1949, as amended:
Notes
Do
Do
Do
Do
Do.
Agricultural credit insurance fund. Act of Aug.
14, 1946, as amended:
Advances
Advance
Advances
Do
June
30,
Do
Do
Do
Do
Subtotal
Rural development Insurance fund. Act of
Aug. 30, 1972:
Advance
Advances.
Do
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Subtotal
Total Secretary of Agriculture, Farmers
Home Administration
Department of Education:
College housing loans. Act of Apr. 20, 1950,
as amended:
Advance
1,
1981
Secretary of Housing and Urban Development:
Housing for the elderly or handicapped.
Act of 1959:
Advances
Do
Do
Do
Do
Do....
Subtotal.
New communities guarantee, metropolitan
development, title IV, Act of Aug. 1, 1968:
Advance
Do
Do
Do
Do.
Do.
Do
Do
Do
Do
Do
Do
Subtotal
New coimnunltles guarantee, metropolitan
development, title VII, Act of Dec. 31,
Advances
Do
Do
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Various dates
do
do
do
do
do
Interest payable
Rate of
Interest
(percent)
Principal
amount
Treasury Bulletin
30
PSDERAL DEBT.
Table FD-11. - Description of Securities of Cover nmemt Corporations and Other
Business-Type Activities Held by the Troasnry, September 30, 1982 - Continued
(Id mllllona of dollars)
Title and authorizing act
Date of Issue
Date payable
Interest payable
Rate of
October 1982
31
PUBLIC DEBT OPEBATIONS
Table PDO-1. - Maturity Schedule of Interest-Bearing Uarketable Public Debt Securities
Other than Begnlar Weekly and K2-Week Treasury Bills Outstanding, September 30, 1982
(In ullllone of dollars)
Amount of maturities
Amount of maturities
Held by 1/
Date
of final
aaturlcy
Issue
date
1-1/21-EO
12-1/8!7-7/8J-C
7-1/8J-F
13-7/eZ-V
1S-1/8X-Z
9-3/81-L
Note
Note
Note
Note
Note
Note
Note
10/01/77
10/31/80
11/17/75
10/17/77
12/01/80
12/31/80
1/02/79
Total
13-5/8I-H
ej-A
13-7/8t-N
9-1/41-D
12-5/8%-P
1-1/21-EA
14-1/2-Q
7-7/8I-C
11-5/8I-G
15-5/8X-R
3-1/4!
8-7/8S-E
14-5/8Z-S
15-7/8X-T
11-7/8X-J
9-1/4I-K
16-1/4J-U
9-3/4J-F
161:-V
1-1/21-EO
15-1/21-W
71-B
9-7/8J-L
12-1/eZ-X
10-1/2Z-H
13!-Y
7-1/4I-A
15-1/8Z-P
14-I/4Z-D
14-1 /8J-<)
June
30....
1-1/2Z-EA
13-7/8Z-R
9-1/4%-C
13-1/4Z-C
15-3/4Z-K
13-3/4Z-S
8-7/81-E
14-3/8Z-T
13-1/8Z-U
6-3/8Z
7-1/4Z-B
13-1/4Z-J
11-5/8Z-V
12-1/8Z-F
16Z-L
14-3/8Z-M
14Z-H
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
2/02/81
2/17/76
3/02/81
3/05/79
3/31/81
4/01/78
4/30/81
4/5/78
11/15/79
6/01/81
5/01/53
7/02/79
6/30/81
7/31/81
2/15/80
5/15/80
8/31/81
10/10/79
9/30/81
10/1/78
11/02/81
11/15/76
8/15/80
11/30/81
12/31/79
12/31/81
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Note
2/01/82
2/15/77
3/01/82
3/31/80
3/31/82
4/01/79
4/30/82
9/05/79
11/17/80
5/15/81
6/01/82
6/30/80
6/30/82
8/02/82
8/15/72
8/15/77
2/17/81
8/31/82
9/30/80
8/17/81
11/16/81
12/31/80
Total
8Z-A
14-5/8Z-I.
May 15,75-85
June 30....
Sept. 30....
Nov.
15
Dec.
31
14-3/8Z-D
13-3/8Z-C
10-3/8Z-C
3-1/4Z
14-1/8Z-H
4-1/4Z
14Z-H
8-1/4Z-B
9-5/8Z-E
13-1/8Z-N
15-7/8Z-J
11-3/4Z-F
14-1/8Z-K
Note
Note
Note
Note
Note
Bond
Note
Bond
Note
Note
Note
Note
Note
Note
Note
2/15/78
2/16/82
3/03/80
3/31/81
12/04/79
6/03/58
5/17/82
4/05/60
6/30/81
8/15/78
6/05/80
8/16/82
9/30/81
9/03/80
12/31/81
Total
13-1/2Z-C
14I-G
13-3/4Z-D
7-7/8Z-A
14-7/8Z-H
8Z-B
12-1 /4Z-J
16-1/8Z-F
6-1/8Z
13-7/8t-E
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
12/08/80
3/31/82
3/4/81
5/17/76
7/06/82
8/16/76
9/30/82
9/8/81
11/15/71
6/03/81
n-i/ti-a
Note
Note
Note
Note
Note
Note
Note
2/15/79
12/2/81
2/15/80
3/03/82
6/02/82
11/15/77
9/07/82
Total
12-3/8Z-C
1/05/81
other
485
797
239
433
502
459
4,338
2,105
2,498
4,533
4,453
2,746
20,674
5,191
7,958
5,438
2,930
5,583
565
2,163
4,626
5,795
517
67
4,921
2,863
4,675
4,586
2,573
3,618
4,763
1,049
3,123
4,607
4,974
4,285
6,670
5,431
2,802
5,268
363
113
881
565
217
426
502
908
406
1,100
3,299
683
292
455
1
5,470
2,309
5,832
5,493
2,701
5,427
4,223
2,460
2,737
4,198
1
695
105
758
301
660
108,082
18,091
89,991
6,208
8,438
5,950
2,914
6,219
584
3,943
706
558
625
5,624
4,495
5,244
2,356
5,594
5,877
2.587
852
69
550
771
476
558
5,025
2,518
3,765
3,005
5,542
3,168
811
5,421
5,944
966
2,048
*
4,315
3,776
6,018
3,726
6,232
7.177
2,203
2,863
4,662
7,492
5,780
6,213
3,620
1,233
1,237
385
860
587
1,036
1,256
1,196
313
2,478
3.802
6,905
9,975
4,524
5,017
3,307
113,281
18,606
94,675
11,011
4,203
5,888
2,719
3,786
2,539
504
6,952
822
3,393
4,837
3,293
7,487
3,961
3,087
3.430
1,458
359
307
389
40
172
1,638
346
260
1,636
112
1,471
352
7
171
3,188
4,215
3,460
5,219
4,758
9,515
5,812
3,469
1,196
3,206
2,745
5,529
2,412
3,397
2,499
332
5,314
476
3,133
3,201
3,181
6,016
3,609
3,080
3,259
48,183
316
25
1,163
345
2,022
313
176
864
24
3,150
3,899
3,435
4,056
4,413
7,493
5,499
3,293
3,182
38,752
6,238
3,437
2,472
3,519
4,078
2,387
5.384
4,570
2,710
616
15
Kay
July
Oct.
15
Nov.
15....
15
15
Issue
date
13-1/4J-D
S-I/4Z-A
I41-E
15-3/8Z-F
S-3/4Z-B
Note
Note
Note
Note
Note
4/06/81
5/15/78
7/07/81
10/14/81
11/15/78
Note
Note
Note
Note
Note
Note
1/13/82
4/07/82
5/15/79
7/08/82
9/29/82
11/15/79
Bond
Bond
Note
Note
2/14/58
4/07/75
8/15/80
11/17/80
Note
Note
Note
5/15/81
8/17/81
11/16/81
Note
Note
Bond
Bond
2/16/82
5/17/82
8/15/62
7/08/77
Bond
Bond
Bond
Bond
Bond
Bond
1/17/63
1/10/73
1/06/78
8/15/73
7/11/78
10/10/78
Bond
Bond
Bond
Bond
1/11/79
4/18/63
7/09/79
10/18/79
Total
1989
Jan.
Apr.
May
July
14-5/8Z-C
14-3/8Z-D
9-1/4J-A
14-1/2Z-E
Oct.
Nov.
10-3/4Z-B
U-7/8Z-F
3,401
1,974
3,513
4,051
1,771
5.365
24,645
Total
U.S. Covt.
accounts and
Federal Beserve banks
2,972
117
4,148
3,469
3,474
3,445
1,754
236
1,139
20,218
Total
All
other
Investors
2,855
2,394
3,443
3,238
2,306
16,941
3,508
3,348
2,628
4,723
4,237
5,779
1,942
3,348
2,167
4,667
4,227
3,837
24,223
2,496
21,727
1,757
1,203
3,762
5.701
863
344
1,191
656
894
859
2,571
5,045
12,423
3,054
9,369
2,047
2,812
2,886
324
454
400
1,723
2,358
2,486
7,745
1,178
6,567
2,813
10,798
2,107
1,504
204
2,609
8,970
1,018
1,412
27
461
56
10
3,481
1990
Feb.
3-1/2Z
8-1/4X
10-3/4Z-A
13Z-B
May
Aug.
Nov.
Total
1991
May
15
Aug.
Nov.
15....
15....
14-1/2Z-A
I4-7/8Z-B
14-1/4Z-C
Total
1992
Feb.
15
15
Hay
Aug. 15, 87-92
Aug.
15
14-5/8J-A
13-3/4Z-B
4-1/4Z
7-1/4Z
Total
1993
Feb. 15, 88-93
Feb.
15
Feb.
15
Aug. 15, 88-93
Aug.
15
Nov.
15
4Z
6-3/4Z
7-7/8Z
7-1/21
S-5/8Z
8-5/8Z
Total.
1994
Feb.
15
May 15,89-94
Aug.
Nov.
15....
15
4-1/8Z
8-3/4Z
10-1/8Z
1,828
1,089
17,222
14,009
119
627
1,501
1,914
1,768
1,509
42
209
136
1,320
132
162
418
1,365
594
1,636
1,347
7,438
2,001
5,437
3,010
792
1,506
1,502
97
2,913
370
1,454
422
52
1995
Feb.
Feb.
May
May
Nov.
15...
15...
15...
3Z
10-1/2Z
12-5/8Z
10-3/8Z
11-1/2Z
Bond
Bond
Bond
Bond
Bond
2/15/55
1/10/80
4/08/80
7/09/80
10/14/80
Bond
Bond
5/15/73
:0/03/60
Total...
343
1,502
1,503
1,504
1.482
6,190
28
328
6,334
Nov.
15
7Z
3-1/2J
Total.
1999
May 15,94-99
8-1/2Z
2000
Feb. 15, 95-00
Aug. 15, 95-00
7-7/8Z
8-3/8Z
Bond
Bond
7,433
Total.
2001
Feb.
May
15....
11-3/4Z
15
13-1 /8Z
8Z
Aug. 15, 96-01
Aug.
15
Nov.
15
13-3/81
15-3/4Z
Bond
Bond
Bond
Bond
Bond
1/12/81
4/02/81
8/16/76
7/02/81
10/07/81
Total...
2002
Feb.
Nov.
1,501
1,750
1,575
1,753
1,753
8,332
14-1/41
11-5/8Z
Bond
Bond
2005
Hay 15,00-05
2007
Feb.l5, 02-07
Nov. 15, 02-07
7-5/8Z
7-7/8Z
Bond
Bond
2008
Aug. 15, 03-08
Nov. 15, 03-08
8-3/8Z
8-3/4Z
Bond
Bond
8/15/78
11/15/78
May 15.04-09
Nov. 15,04-09
9-1/8Z
10-3/8Z
Bond
Bond
5/15/79
11/15/79
4,606
4,201
725
855
2010
Feb. 15,05-10
May 15.05-10
Nov. 15,05-10
11-3/4Z
lOZ
12-3/4Z
Bond
Bond
Bond
2/15/80
5/15/80
U/17/80
2,647
2,987
4,736
815
1,070
545
13-7/8Z
14Z
Bond
Bond
5/15/81
11/16/81
4,609
766
493
15....
15
2,103
5,230
749
1,631
7,333
2009
2011
May 15,06-11
Nov. 15, 06-11
4,901
215
1,474
1,175
1,492
1,434
5,790
1998
May 15,93-98
77
49
6,810
332
44,038
27
Apr.
832
2,697
4,105
4,566
3,185
3,371
4,748
2,510
4,813
4,775
2,204
3,784
4.735
2,400
4,767
27,515
Note
Held by 1/
Date
of final
maturity
All
1
4,823
2,902
2.737
4,966
4,955
3,205
56,901
Total
9Z-B
12-3/4Z-D
12Z-C
14Z-E
13-3/4Z-F
7-5/8Z-A
Total
23.589
Total
15Z-N
U.S. Govt,
accounts and
Federal Reserve banks
32
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of new Issue
October 1982
33
I
PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Bills
-
On total bids accepted
Issue
date
Average price
per hundred
Equivalent average
rate 5/
On competitive bide accepted
High
Price per hundred
Regular weekly:
1982-June
3.
10.
17.
24.
July
1.
8.
15.
22.
29.
Aug .
5
12.
19.
26.
Sept.
2.
9.
16.
23.
30.
52 weeks:
1981-Sept.
Oct.
Nov.
Dec.
10.
8.
5.
3.
31.
1982-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
28.
25.
25.
22.
20.
17.
15.
12.
9.
Cash management
1982-Aug.
4.
:
97.088
Continued
Equivalent rate 5J
Price per hundred
Equivalent rate
_5/
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table PDO-3. -
New Money Financing through Regular Weekly Treasury
(Dollar amounts In millions)
Description of Issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
of bids
Bills
1/
October 1982
35
PUBLIC DEBT OPERATIONS
Table PDO-3. -
New Money Financing through Regular Weekly Treasury
Bills
U
-
Continued
(Dollar amounts In millions)
Description of Issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
56
Trea.sury
PUBLIC DSBT OPERATIONS,
Table
PDO-4.
-
Offerings of Marketable Securitiea Other than
Regular Weekly Treasury Bills
Public
(Dollar amounts In millions)
Date subscrip-
October 1982
37
PUBLIC DEBT OPERATIONS
Table PDO-4.
-
Public
Offerings of Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
(Dollar amounts In millions)
Date subscrip-
Treasury Bulletin
38
iPUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-4
Bureau of the Public Debt.
Source:
All securities except EA 4 EO notes were sold at auction
Note:
through competitive and noncompetitive bidding.
1/ For maturing issues, see Table PDO-7.
~~2/ For bill issues, always sold at auction, the rate shown Is the
equivalent average rate (bank discount basis) of accepted bids.
Other securities Issued at par except those sold at auction. For
details of bill offerings see Table PDO-2.
3/ From date of additional Issue in cause of a reopening.
~4/ In reopenings the amount issued is in addition to the amount of
original offerings.
5/ As of the April 1982 issue of the Bulletin, Includes securities
Issued to U.S. Government accounts and Federal Reserve banks; and to
foreign and international monetary authorities, whether in exchange
for maturing securities or for new cash.
6/ Yields accepted ranged from 11.18% (price 99.904) up to 11.26%
(price 99.765) with the average at 11.24% (price 99.799).
7/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78%
(price 99.759) with the average at 11.76% (price 99.835).
_8/ Yields accepted ranged from 11.85% (price 100.043) up to 11.96%
(price 99.853) with the average at 11.93% (price 99.905).
9/ Yields accepted ranged from 12.05% (price 100.233) up to 12.15%
(price 99.923) with the average at 12.13% (price 99.985).
10/ Yields accepted ranged from 11.48% (price 100.088) up to 11,75%
(price 98.197) with the average at 11.61% (price 99.171).
11/ As a result of correcting an overstatement by a Federal Reserve Bank
of the amount of noncompetitive tenders received, the total amount
of accepted tenders was changed from $4,500 million to $4,315
Neither the average yield nor the amount or range of
million.
competitive tenders was affected.
12/ Yields accepted ranged from 12.19% (price 99.888) up to 12.26%
(price 99.767) with the average at 12.24% (price 99.801).
13/ Yields accepted ranged from 13.09% (price 100.438) up to 13.40%
(price 99.592) with the average at 13.31% (price 99.837).
14 / Yields accepted ranged from 12.95% (price 100.276) up to 13.12%
(price 99.342) with the average at 13.07% (price 99.616).
15 / Yields accepted ranged from 12.69% (price 100.461) up to 12.87%
(price 99.090) with the average at 12.81% (price 99.543).
(price 99.941) up to 14.02%
16/ Yields accepted ranged from 13.91%
(price 99.755) with the average at 13.99% (price 99.805).
17 / Yields accepted ranged from 13.40% (price 100.211) up to 13.54%
(price 99.698) with the average at 13.52% (price 99.771).
18 / Yields accepted ranged from 15.13% (price 99.992) up to 15.18%
(price 99.908) with the average at 15.15% (price 99.958).
19 / Yields accepted ranged from 13.93% (price 100.209) up to 14.06%
(price 99.821) with the average at 14.03% (price 99.910).
20 / Yields accepted ranged from 12.38% (price 99.957) up to 12.50%
(price 99.407) with the average at 12.49% (price 99.453).
21/ Yields accepted ranged from 11.77% (price 99.787) up to 11.84%
(price 99.255) with the average at 11.82% (price 99.407).
22/ Yields accepted ranged from 13.65% (price 99.958) up to 13.71%
(price 99.856) with the average at 13.69% (price 99.890).
23/ As a result of correcting an understatement by a Federal Reserve
Bank of the amount of competitive tenders received, the total
amounts of tenders received and accepted were increased by $100
million. The average yield was not affected.
24 / Yields accepted ranged from 13.32% (price 99.809) up to 13.40%
(price 99.592) with the average at 13.37% (price 99.673).
25 / Prices accepted ranged from 100.85 (yield 12.83%) down to 100.25
(yield 12.94%) with the average at 100.50 (yield 12.89%).
26 / Prices accepted ranged from 100.81 (yield 12.63%) down to 100.26
(yield 12.70%) with the average at 100.43 (yield 12.68%).
27 / Yields ranged from 13.94% (price 99.890) up to 14.00% (price 99.789)
with the average at 13.97% (price 99.839).
28 / Yields ranged from 13.74% (price 99.865) up to 13.74% (price 99.610)
with the average at 13.79% (price 99.683).
29/ Yields accepted ranged from 12.61% (price 100.026) up to 12.68%
(price 99.905) with the average at 12.65% (price 99.957).
30 / Yields accepted ranged from 13.46% (price 99.744) up to 13.51%
(price 99.953) with the average at 13.49% (price 99.653).
31 / Yields accepted ranged from 13.13% (price 99.870) up to 13.26%
(price 98.963) with the average at 13.21% (price 99.310).
32 / Yields accepted ranged from 13.24% (price 100.025) up to 13.39%
(price 99.355) with the average at 13.34% (price 99.577).
33 / Yields accepted ranged from 14.35% (price 100.253) up to 14.63%
(price 99.781) with the average at 14.51% (price 99.983).
34 / Yields accepted ranged from 15.79% (price 99.907) up to 15.82%
7prlce 99.838) with the average at 15.81% (price 99.861).
35 / Yields accepted ranged from 14.44% (price 100.312) up to 14.60%
(price 99.482) with the average at 14.56% (price 99.689).
36 / Yields accepted ranged from 13.85% (price 100.177) up to 14.01%
(price 99.053) with the average at 13.99% (price 99.192).
37 / Yields accepted ranged from 15.70% (price 99.876) up to 15.74%
(price 99.809) with the average at 15.72% (price 99.842).
38 / Yields accepted ranged from 13.84% (price 100.131) up to 14.02%
(price 99.460) with the average at 13.95% (price 99.720).
39 / Yields accepted ranged from 14.69% (price 99.891) up to 14.74%
(price 99.807) with the average at 14.72% (price 99.840).
40/ Yields accepted ranged from 13.98% (price 100.060) up to 14.06%
(price 99.821) with the average at 14.04% (price 99.881).
41 / Yields accepted ranged from 13.36% (price 100.004) up to 13.49%
(price 99.108) with the average at 13.45% (price 99.382).
42 / Yields accepted ranged from 13.95% (price 100.199) up to 14.14%
(price 99.369) with the average at 14.07% (price 99.674).
43/ Yields accepted ranged from 15.88% (price 99.992) up to 15.95%
(price 99.876) with the average at 15.92% (price 99.925).
44/ Yields accepted ranged from 15.94% (price 99.870) up to 15.97%
(price 99.795) with the average at 15.96% (price 99.820).
45 / Yields accepted ranged from 14.93% (price 99.719) up to 15.02%
(price 99.262) with the average at 14.98% (price 99.465).
46/ Prices accepted ranged from 98.99 (yield 14.00%) down to 98.46
(yield 14.08%) with the average at 98.58 (yield 14.06%).
47/ Yields accepted ranged from 16.20% (price 100.083) up to 16.28%
(price 99.950) with the average at 16.26% (price 99.983).
48/ Yields accepted ranged from 16.05% (price 100.043) up to 16.19%
(price 99.561) with the average at 16.14% (price 99.733).
49/ Yields accepted ranged from 16.03% (price 99.950) up to 16.17%
(price 99.719) with the average at 16.12% (price 99.802).
50 / Yields accepted ranged from 15.89% (price 99.957) up to 15.93%
(price 99.842) with the average at 15.91% (price 99.899).
51/ Yields accepted ranged from 15.72% (price 100.062) up to 15.82%
(price 99.458) with the average at 15.78% (price 99.699).
52 / Yields accepted ranged from 15.33% (price 100.186) up to 15.44%
(price 99.725) with the average at 15.40% (price 99.892).
53/ Yields accepted ranged from 15.53% (price 99.950) up to 15.59%
(price 99.851) with the average at 15.56% (price 99.900).
54/ Yields accepted ranged fromm 14.36% (price 100.036) up to 14.46%
(price 99.799) with the average at 14.43% (price 99.870).
55/ Yields accepted ranged from 14.33% (price 99.582) up to 14.36%
(price 99.425) with the average at 14.33% (price 99.582).
56/ Yields accepted ranged from 13.98% (price 100.141) up to 14.24%
(price 98.342) with the average at 14.10% (price 99.303).
57 / Yields accepted ranged from 12.05% (price 100.130) up to 12.27%
(price 99.750) with the average at 12.22% (price 99.836).
58/ Yields accepted at ranged from 12.79% (price 99.699) up to 12.85%
(price 99.476) with the average at 12.83% (price 99.550).
59 / Yields accepted ranged from 12.97% (price 100.051) up to 13.15%
(price 99.744) with the average at 13.06% (price 99.897).
60 / Yields accepted ranged from 14.09% (price 100.104) up to 14.22%
(price 99.718) with the average at 14.16% (price 99.896).
61/ Yields accepted ranged from 14.20% (price 100.229) up to 14.27%
(price 99.767) with the average at 14.25% (price 99.899).
62/ Yields accepted ranged from 14.65% (price 99.887) up to 14.84%
(price 99.077) with the average at 14.74% (price 99.502).
63 / Yields accepted ranged from 14.95% (price 100.084) up to 15.11%
(price 99.816) with the average at 15.08% (price 99.866).
64/ Yields accepted ranged from 14.57% (price 100.130) up to 14.67%
(price 99.894) with the average at 14.63% (price 99.988).
65/ Yields accepted ranged from 14.60% (price 100.129) up to 14.72%
(price 99.511) with the average at 14.68% (price 99.716).
66 / Prices accepted ranged from 96.68 (yield 14.47%) down to 95.75
(yield 14.61%) with the average at 96.08 (yield 14.56%).
67 / Yields accepted ranged from 15.12% (price 100.008) up to 15.26%
(price 99.775) with the average at 15.21% (price 99.858).
68 / Yields accepted ranged from 13.96% (price 99.965) up to 14.05%
(price 99.639) with the average at 14.01% (price 99.784).
69/ Yields accepted ranged from 14.08% (price 100.076) up to 14.16%
(price 99.941) with the average at 14.14% (price 99.975).
70/ Yields accepted ranged from 14.02% (price 99.940) up to 14.08%
(price 99.762) with the average at 14.05% (price 99.851).
71/ Yields accepted ranged from 14.38% (price 99.957) up to 14.45%
(price 99.655) with the average at 14.42% (price 99.784).
72/ Yields accepted ranged from 13.95% (price 99.873) up to 14.02%
(price 99.754) with the average at 13.98% (price 99.822).
73/ Yields accepted ranged from 14.16% (price 99.917) up to 14.19%
(price 99.846) with the average at 14.17% (price 99.893).
74/ Yields accepted ranged from 13.73% (price 100.017) up to 13.80%
(price 99.733) with the average at 13.77% (price 99.893).
75 / Yields accepted ranged from 13.75% (price 100.000) up to 13.78%
(price 99.949) with the average at 13.77% (price 99.966).
76/ Yields accepted ranged from 13.67% (price 100.116) up to 13.73%
(price 99.897) with the average at 13.71% (price 99.970).
14.49%
77/ Yields accepted ranged from 14.36% (price 100.025) up to
(price 99.806) with the average at 14.43% (price 99.907).
14.97%
78/ Yields accepted ranged from 14.93% (price 99.839) up to
(price 99.722) with the average at 14.96% (price 99.752).
14.68%
79/ Yields accepted ranged from 14.55% (price 99.766) up to
(price 99.208) with the average at 14.62% (price 99.465).
13.17%
up
to
100.145)
13.04%
(price
80/ Yields accepted ranged from
(price 99.923) with the average at 13.09% (price 100.060). The
coupon rate was established at 13-1/8% so that all prices would be
above the original issue discount limit of 99.750.
81/ Yields accepted ranged from 13.00% (price 100.302) up to 13.22%
(price 99.771) with the average at 13.17% (price 99.891).
82/ Prices accepted ranged from 100.47 (yield 13.64%) down to 100.03
(yield 13.72%) with the average at 100.18 (yield 13.69%).
11.72%
83/ Yields accepted ranged from 11.38% (price 100.428) up to
(price 99.835) with the average at 11.67% (price 99.922).
12.69%
84/ Yields accepted ranged from 12.64% (price 99.807) up to
(price 99.620) with the average at 12.68% (price 99.658).
12.25%
85/ Yields accepted ranged from 12.00% (price 100.217) up to
(price 99.784) with the average at 12.20% (price 99.870).
12.31%
to
99.907)
up
86/ Yields accepted ranged from 12.28% (price
(price 99.815) with the average at 12.30% (price 99.846).
12.00%
87/ Yields accepted ranged from 11.82% (price 100.229) up to
(price 99.387) with the average at 11.94% (price 99.667).
11.79%
to
88/ Yields accepted ranged from 11.65% (price 99.727) up
(price 98.659) with the average at U.68% (price 99.496).
*
Less than $500,000.
Preliminary.
p
—
39
October 1982
PUBLIC DEBT OPERATIONS.
Table PDO-5.
Description of securities
1982
Unmatured Marketable Secnrities Issued at a Premium
Other than Advance Refunding Operations
Date of
financing
Amount Issued
(in millions)
Average price
per hundred
Effective
interest
rate
(percent)
or
Discount
Eligible securities exchanged
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations - Continued
October 1982
41
PUBLIC DB»T
•rikATIMM.
Table PD0-6u - Unmatured Marketable Sscurities laaaed at a Preminm or Oiacoant
Otber than Advance Eefundiag Operation! - Continued
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-5.
Unmatured Marketable Securities Issued
Other than Advance Refunding Operations
-
Description of securities
Date of
financing
5/15/75
Amount Issued
(in millions)
$220
630
754
8-1/4J;
5/15/00-05
2/17/76
1,604
215
402
2/15/78
771
1,254
Average price
per hundred
at
-
a
Premium
or
Discount
Continued
Effective
interest
rate
(percent)
S99.450
99.450
99.450
8.30
8.30
8.30
101.75
101.75
8.09
8.09
100.13
8.23
Eligible securities exchanged
5-7/8?
63!
11
October 1982
43
PUBUC DEBT OPERATIONS.
Tabl« PDO-6. - Allotments by InvMtor
CUmm
Part A. -
on Sobacriptiona for Public llarkatable SccarHiM
Otkar tbkn BiUa
(In millions of dollars)
1'
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classea on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other tban Regular Weekly Series
(Dollar amounts In millions)
October 1982
i^ PUBLIC
45
OIBT 0PIBATI0M8,
Tmble PDO-7. - Dieposition of Public
Marketable Securitiei
Oth»T thaa B«t«lar Waakly Treaaary Billa
(Dollar amounts In nllllonfl)
Cal led or maturing securities 1/
Date of
refunding
or retirement
Description 2/
9/16/80
9/30/80
9/30/80
9.893J
6-7/81
8-5/8Z
10/01/80
10/14/80
10/31/80
11/06/80
11/15/80
11/15/80
11/30/80
12/04/80
12/31/80
12/31/80
1-1/21
11.508t
8-7/8?
11.810t
3-1/2:
7-1/81
Bill
Issue
dace
Amount
outstanding
53,556
Note
Note
9/18/80
9/30/80-E
9/30/80-T
9/18/79
9/14/76
10/02/78
Note
Bill
Note
10/01 /80-EO
10/14/80
12/31/80-W
10/01/75
10/16/79
10/31/78
11/13/79
10/03/60
11/15/77
11/30/78
12/11/79
12/07/76
1/02/79
3,454
3,790
3,903
1,723
4,600
3,195
4,133
2,692
3,546
1/02/81
1/29/81
1/31/81 -p
2/15/81-A
2/15/81-C
2/26/81
2/28/81-0
3/26/81
3/31/81-H
3/31/81-R
1/08/80
2/05/80
1/31/79
2/15/74
2/18/75
3/04/80
2/28/79
4/01/80
3/08/77
4/09/79
4,018
3,989
3,146
1,842
4,796
4,020
2,887
4,016
2,809
3,516
4/01/81-EA
4/23/81
4/30/81-S
5/15/81-D
5/15/81-M
5/21/81
5/31/81-T
6/18/81
6/30/81-J
6/30/81-u
4/01/76
4/29/80
4/30/79
1/26/76
2/15/78
5/27/80
5/31/79
6/24/80
6/03/77
7/02/79
4,016
3.013
2,020
3,893
4,005
2,542
4,091
2,514
3,057
7/16/81
7/31/81-V
8/13/81
8/I5/81-r
8/15/81-N
8/31/81-W
9/10/81
9/30/81-K
9/30/81-x
7/22/80
7/31/79
8/19/80
7/09/76
8/15/78
8/31/79
9/16/80
9/07/77
10/09/79
4,005
3,222
4,009
2,586
4,110
3,729
4,007
2,968
3,695
10/01/81-EO
10/08/81
10/31/81-Y
11/05/81
11/15/81-B
11/15/81-G
11/30/81-z
12/03/81
12/31/81-L
12/31/81-AB
12/31/81
10/01/76
10/14/80
10/31/79
11/06/80
11/15/74
10/12/76
11/30/79
12/04/80
12/07/77
12/31/79
1/02/81
4,009
4,457
3,963
4,477
2,543
4,894
4,513
3,452
4,307
4,518
12/07/81
1/29/81
1/31/80
2/15/72
1/06/77
2/26/81
2/29/80
3i000
4,684
4,485
2,702
2,697
5,265
4,498
3/26/81
3/06/78
3/31/80
4/01/77
4,684
2,853
4,072
Bill
Bond
9-1/4!;
Note
Note
10.815?
5-7/8?
9-7/8?
Note
Note
BUI
10/31/80-U
11/06/80
11/15/80
11/15/80-J
11/30/80-V
12/04/80
12/31 /80-r
2,141
3,906
3
1/02/81
1/29/81
1/31/81
2/15/81
2/15/81
2/26/81
2/28/81
3/26/81
3/31/81
3/31/81
7-3/8?
13.527?
9-3/4?
14.459?
6-7/8%
9-5/8?
4/01/81
4/23/81
4/30/81
5/15/81
5/15/81
5/21/81
5/31/81
6/18/81
6/30/81
6/30/81
1-1/2?
10.440?
9-3/4?
7-3/8?
7-1/2?
8.341?
9-3/4?
7.491?
6-3/4?
9-1/8?
7/16/81
7/31/81
8/13/81
8/15/81
8/15/81
8/31/81
9/10/81
9/30/81
9/30/81
7.669?
9-3/8?
8.963?
7-5/8?
8-3/8?
9-5/8?
9.967?
6-3/4?
10-1/8?
10/01/81
10/08/81
10/31/81
11/05/81
11/15/81
11/15/81
11/30/81
12/03/81
12/31/81
12/31/81
12/31/81
1-1/2?
11.136?
12-5/8?
12.219?
7-3/4?
7?
12-1/8?
13.261?
7-1/41
11-3/8?
12.075?
1/21/82
1/28/82
1/31/82
2/15/82
2/15/82
2/25/82
2/28/82
10.656?
13.033?
11-1/2?
6-3/8?
6-1/8?
12.801?
13-7/8?
Note
l/21/e2-Reopenlng
1/28/82
1/31/82-N
2/15/82
2/15/82
2/25/82
2/28/82-P
3/25/82
3/31/82
3/31/82
4/01/82
11.481?
7-7/8?
15?
1-1/2?
Bill
Note
Note
Note
4/22/82
4/22/82
4/22/82
4/30/82
5/15/82
5/15/82
5/15/82
5/20/82
5/31/82
3/25/82
3/31/82-G
3/31/82-Q
4/01/82-EA
12.991%
11.186?
14.544%
11-3/8?
8?
9-1/4?
14.623?
9-3/8%
Bill
Bill
Bill
Note
Note
Note
Note
Bill
Note
6/17/82
6/17/82
6/17/82
6/30/82
6/30/82
4/22/82
4/22/82-Reopenlng
4/22/82-Reopenlng
4/30/82-R
5/15/82-A
5/15/82-E
5/15/82-K
5/20/82
5/31/82-S
4/23/81
12/07/81
4/02/82
4/30/80
5/15/75
4/04/77
11/15/78
5/21/81
6/04/80
13.146?
12.326?
12.343?
8-1/4%
8-5/8?
4,261
2,001
8,016
4,573
2,747
2,613
3,556
4,014
4,284
Bill
Bill
Bill
Note
Note
6/17/82
6/17/82-Reopenlng
6/17/82-Reopenlng
6/30/82-H
6/30/82-T
7/15/82
7/31/82
8/12/82
8/15/82
8/15/82
8/31/82
6/18/81
1/05/82
6/03/82
6/07/78
6/30/80
13.735?
8-7/8?
14.542?
8-1/8?
9?
11-1/8?
4,011
3,002
6,001
2,594
5,215
Bill
Note
Bill
Note
Note
Note
7/15/82
7/31 /82-U
8/12/82
8/15/82-B
e/15/82-M
8/31/82-V
9/09/82
9/30/82
9/30/82
10/07/82
7/16/81
7/31/80
8/13/81
8/15/75
8/15/79
9/02/80
15.056?
8-3/8%
4,011
5,337
4,312
2,918
3,587
5,127
9/09/82
9/30/82-J
9/30/82-W
10/07/82
9/10/81
9/06/78
9/30/80
10/08/81
4,768
2,501
5,120
11.040?
11.211?
9-3/4?
7?
7%
BUI
Bill
Note
Note
Note
Bill
Note
Bill
Note
Note
Note
Bill
Note
Note
Note
BUI
Note
Bill
Note
Note
Bill
Note
BUI
Note
Note
Note
Bill
Note
Note
Note
Bill
Note
Bill
Note
Note
Note
Bill
Note
Note
Bill
Bill
Bill
Note
Bond
Note
BUI
U-7/8?
Bill
Note
Note
14.580?
Bill
Source:
Bureau of the Public Debt.
1/
Original call and maturity dates are used.
For description of new securities offered,
2/
see Table PDO-4.
Less than 5500,000.
14
*
5,251
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table POO-8. - Foreifn Series Secnritiee (NoamarketabU)
Iianed to Official Inititations of Foreifn
Conatriea
(Payable In U.S. dollars; dollar amouote In millions)
Issue
date
Maturity
date
4/07/81
10/29/81
11/02/81
11/30/81
1/04/82
1/04/82
1/04/82
1/04/82
1/28/82
1/04/82
1/28/82
1/04/82
1/04/82
3/01/82
5/03/82
6/11/82
7/01/82
4/29/82
12.92
13.04
12.62
9.91
10.76
11.60
3.00
12.16
12.42
5/01/81
5/19/91
6/23/81
12/01/81
2/01/82
2/01/82
2/08/82
2/19/82
2/01/82
2/01/82
2/01/82
2/01/82
4/01/82
8/02/82
3/01/82
8/02/82
13.84
14.52
13.37
10.23
13.22
13.65
13.20
13.68
4/19/77
5/19/77
2/15/82
2/15/82
5/13/81
12/31/81
1/04/82
2/08/82
3/01/82
3/01/82
3/01/82
3/01/82
3/01/82
3/01/82
3/01/82
3/02/82
3/02/82
3/02/82
3/16/82
3/01/82
3/01/82
3/01/82
3/01/82
4/01/82
5/03/82
5/03/82
6/01/82
6/01/82
8/02/82
9/01/82
5/03/82
6/01/82
7/01/82
6/11/82
13.20
11.54
12.04
12.04
12.27
12.27
12.80
12.68
12.09
12.29
12.47
3.00
1/28/82
8/03/81
9/01/81
2/01/82
3/01/82
4/01/82
4/01/82
4/01/82
4/01/82
4/01/82
4/01/82
4/01/82
4/14/82
4/29/82
4/29/82
4/01/82
4/01/82
4/01/82
4/01/82
5/03/82
5/03/82
5/03/82
6/01/82
6/01/82
6/01/82
6/01/82
5/03/82
7/29/82
12.42
14.69
15.37
13.22
11.54
13.08
13.08
13.08
13.00
13.00
13.00
13.00
12.31
12.48
4/01/75
4/01/82
2.50
Interest
rate
(percent)
Total outstanding
end of month
S291
200
60
61
S57
66
184
200
February
Bills
136
277
119
46
50
105
196
192
6.375
6.375
200
300
March
Bills.
14.90
10.66
310
120
57
196
173
102
69
98
103
212
706
153
155
169
April
Bills..
May
Bills.
0/01/81
200
215
323
50
173
85
213
141
89
82
74
59
65
200
October 1982
47
PUBLIC DEBT OPERATIONS
T&ble PDO-8.
-
Foreign Seriea Secaritiea (Nonmarketable)
laaned to Official Inatitntiona of Foreiga CoaBtria^-CoBtisaad
(Payable In U.S. dollars; dollar amountB In millions)
48
Treasury Bulletin
>PTJBLIC
DEBT OPERATIONSi
Table PDO-9. - Foreign Cnrrency Series Securities
Issaed to Residents of Foreign Countries
(Dollar amounts In millions)
Month of
activity
Securities
October 1982
49
.UNITED STATES SAVINGS BONDS,
Series EE and HH bonds, on sale since January
savings bonds currently sold.
through April 30,
1941.
1,
1980, are the only
Series A-D were sold from March
Series E was on sale from May
1,
from June
1,
1952,
through December 31, 1979.
Table SB-1.
-
Sales and
1935,
1941, through
December 31, 1979 (through June 1980 to payroll savers only).
and G were sold from May 1, 1941, through April 30, 1952.
1,
Series F
Series H sold
Series J and K were sold
from May
changes
In
1952,
1,
Issues
in
Treasury
1959,
Annual
May
,
through April
Bulletins
and
Report
October
of
30,
Interest yields
the
of
April
1961,
,
1951,
June
Secretary of
Details of
1957.
maturities
May
the
1957,
and
1968,
the
principal
and other terms appear
,
October
September
and
1970;
December
and
the
Treasury for fiscal years 1966
through 1980.
Redemptions by Series, Cumulative through September
30,
1982
(In millions of dollars;
Amount outstanding
Sales 1/
Series
Series
Series
Series
A-D 2/
E, EE, H,
F and G
J and K
Total A-K
3,949
and HH.
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Interestbearing debt
Matured
non-interestbearing debt
30
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
(In millions of dollars)
E through
K
October 1982
51
UNITED STATES SAVINGS BONDS,
Table SB-3.
-
Sales and Redemptions by Periods, Series
(In millions of dollars)
E through K— Continued
Treasury Bulletin
52
.UNITED STATES SAVINGS BONDS,
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unclassified
Series E, EE,
H, and HH
Total
Fiscal years
1951-72
197
:
3
1974
1975
1976
7,747
10,975
16,703
12,242
8,712
10,428
8,769
6,728
134 ,830
5 ,365
6 ,210
6 ,833
6 ,291
6 ,771
7 ,110
8 ,200
12 ,326
15 ,543
11 ,998
59,368
2,053
2,508
2,627
2,481
3,275
2,556
3,129
6,459
10,112
8,981
38,972
2,047
2,505
2,622
2,481
3,275
2,556
3,125
6,448
10,116
8,978
922
864
621
585
986
876
882
783
622
645
702
615
529
714
672
714
672
578
343
441
300
1,022
846
576
557
405
429
558
,586
6,681
6,517
6,543
T.Q
1
1977
1978
1979
1980
1981
1982
7
Calendar years :
1951-71
1972
1973
1981
Months
1981-Sept
Oct
Nov
Dec
19B2-Jan
Feb
Mar
Apr
May
June
July
Aug
39,979
58,829
2,126
2,729
2,544
2,820
797
3,578
3,157
5,654
10,430
8,769
6,729
14,058
5
1974
1975
1976
1977
1978
1979
1980
,689
,064
2,121
2,724
2,545
2,816
794
-577
3,153
5,651
:
Sept
Other
578
344
441
300
1,022
846
576
557
405
429
558
18,849
Series E, EE,
H, and HH
7/
October 1982
53
UNITED STATES SAVINGS NOTES.
U.S.
1970.
savings notes were on sale May
1,
1967»
through June 30,
and
The notes were eXlglble for purchase by individuals with the
information on Investment yields of savings notes appear In the
Treasury Bulletins of March 1967 and June 1968; and the Annual Report
simultaneous purchase of Series E savings bonds.
of the Secretary of the Treasury for fiscal year 1974.
The principal terms and conditions for purchase and redemptions
Table SN-1.
-
Sales and
Redemptions by Periods
(In millions of dollars)
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 2/
Sales
price
Fiscal
1967-
Amount
outstanding
Accrued
discount
Treasury Bulletin
54
.OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-1.
Distribution of Federal Securitiea by
ClaBS
of
Investors and Type of Issues
(In millions of dollars)
__^
Interest-bearing public debt securities
Total
End of
fiscal year
or month
October 1982
55
OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
-
Estimated Ownership
of
Public Debt Securities by Private
Investors
(Par values 1/ In billions of dollars)
Nonbank investors
Individuals 3/
End of
month
1939-Dec..
1946-Feb.
Dec
1956-June.
Dec.
1957-June.
Dec.
1958-June.
Dec.
1959-June.
Dec.
1950-June.
Total
privately
held
Coamer
33.
12.7
93.8
231.6
208.1
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
Dec.
204.
207.
205.
212.
1962-June.
2U.
Dec.
216.
Dec.
1961-June.
1963-June.
Dec.
1964-June.
Dec.
1965-June.
Dec.
1966-June.
Dec.
1967-June.
Dec.
1958-June.
Dec.
19 69- June.
Dec.
1970-June.
Dec.
1971-June.
Dec.
1972-June.
Dec.
1973-June.
Dec.
1974-June.
Dec.
1975-June.
Dec.
1976-June.
Dec.
1977-June.
Dec.
1978-June.
Dec.
1979-June.
Dec.
1980-June.
Dec.
1981-Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
1982-Jan.
Feb..
Mar..
Apr..
May..
June.
July.
Savings bonds
clal
banks
2/
74.
57.
59.
56.
59.
65.
67.2
61.
60.
55.
62.
62.
67.
65.
67.1
64.
64.
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
221.2
217.2
229.1
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5
421.0
461.3
477.8
508.6
516.6
540.5
558.2
616.4
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
69.0
85.1
92.5
103.8
102.8
101.4
99.1
93.2
93.5
96.4
100.3
115.0
627.4
639.6
654.6
650.4
652.3
651.2
651.3
656.7
665.4
677.2
684.6
694.5
707.3
720.8
733.3
727.1
735.2
740.9
749.6
117.2
116.4
117.5
113.5
113.2
113.3
114.2
115.0
112.2
111.3
110.0
109.4
111.4
111.8
114.3
110.1
109.4
117.0
110.0
60.
63.
58.
60.
54.8
57.4
55.5
Series
E,EE,H,
and HH
20.7
137.9
133.6
139.5
140.9
137.4
137.7
131.9
136.2
142.8
150.4
149.2
145.5
142.9
145
146
149
150
153
154
155
155
156
154
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
9.4
63.9
64.1
65.
65.
66.
64.
64.
63.
66.
69.
69.
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
200.6
202.4
215.4
234.1
264.2
283.8
305.7
318.2
359.9
378.7
415.4
423.1
444.1
457.9
500.4
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.2
86.8
90.8
96.2
101.6
104.9
107.8
109.0
114.0
113.2
116.1
120.2
129.2
510.2
523.2
537.1
536.9
539.1
537.9
537.1
541.7
553.2
565.9
574.6
585.1
595.9
609.0
619.0
617.0
625.8
623.9
639.6
134.2
136.2
138.6
138.2
139.9
139.6
139.5
140.2
140.3
141.0
141.6
143.7
144.1
144.7
146.5
145.7
146.2
146.2
146.4
200.1
30
30
40
41
41
41
42
42
42
42
42.5
42.9
43.6
44.2
44.6
45.1
46.0
45.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65.0
66.9
69.
71.
74.
76.
78.
80.
80.
79.
73.1
Other
series 7/
1.9
12.5
13.9
9.4
8.7
7.
6.
5.
5.
4.
3.
3.
2.
2.5
2.2
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.5
.6
.6
.6
.5
.5
.5
.5
.4
.4
.4
.4
.4
.4
.4
.4
.4
.3
72.2
.3
71.1
.3
70.4
70.1
69.5
69.2
68.9
58.7
68.4
58.0
67.7
67.7
67.8
57.5
67.4
67.2
57.0
67.1
67.1
57.1
.3
.3
.3
.3
.3
.3
.3
.3
Source:
Office of Government Financing In the Office of the Secretary.
U.S. savings bonds. Series A-F and J» are included at current
redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and In territories and island possessions.
Figures exclude securities held in trust departments.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
5/
Consists of the Investment of foreign balances and International
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
Other
securities
7.5
20.5
20.0
16.3
15.8
17.2
16.7
5.
16.4
15.0
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
20.8
21.3
21.3
26.6
29.6
30.5
31.1
29.9
33.3
32.6
35.2
45.8
55.7
52.8
65.5
68.2
58.3
70.3
70.4
70.5
71.5
72.0
73.0
73.6
75.6
76.2
77.0
79.0
78.4
78.8
78.8
79.0
W
6/
y
]_/
Insurance
companies
24.
24.
13.
13.
12.
12.
12.
12.
12.
12.
12.0
11.8
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
5.4
5.9
6.2
7.1
9.5
10.5
12.7
12.8
15.5
15.3
15.7
16.0
16.7
17.8
20.1
20.0
19.8
18.1
18.0
19.7
18.3
19.8
20.6
20.7
19.2
19.4
19.1
19.5
18.7
19.8
21.2
21.5
22.2
22.6
ings
banks
2.7
11.1
11.8
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
5.1
6.2
6.0
6.0
5.5
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
4.8
4.7
4.5
5.4
5.5
5.5
5.6
5.7
5.6
5.7
5.6
5.5
5.5
5.5
5.2
5.2
5.4
5.4
5.6
Corporations A/
2.0
19.9
15.3
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
12.4
13.8
21.3
24.7
26.1
21.9
20.5
19.2
19.6
24.0
22.9
22.6
25.7
30.4
35.2
40,0
40.4
38.8
38.7
37.8
38.0
37.8
38.6
38.3
37.8
37.9
37.5
37.5
36.5
38.8
38.9
39.9
State
and
local
governments
0.4
6.7
5.3
16.1
16.3
15.8
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
22.
21.
24.
22.
24.
24.
23.
24.1
25.1
24.9
26.4
27.2
29.0
27.8
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
39.3
41.5
49.1
50.8
59.8
54.4
66.6
59.9
71.1
78.8
77.3
80.4
82.3
83.6
85.1
83.0
86.0
86.2
86.2
88.3
87.5
85.6
86.2
88.2
88.3
88.5
91.8
91.2
88.7
Foreign
and International
Other
investors
6/
5/
0.2
2.4
1.9
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
11.5
10.8
11.4
12.9
10.7
12.5
10.3
10.4
14.0
19.8
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
69.8
78.1
87.9
109.6
119.5
137.8
119.7
123.7
122.8
134.3
133.
136.
142.
143.
139.
141.
139.0
137.0
135.5
135.3
138.3
141.4
142.0
140.6
140.8
139.4
138.9
141.9
143.3
0.3
9.5
9.3
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.
19.
22.
21.
22.
25.
21.0
19.9
17.
15.
14.
17.
16.
19.
17.
22.
25.
37.
37.8
39.7
35.4
49.7
50.6
58.9
78.8
90.1
98.9
106.9
108.9
109.2
109.6
107.7
110.3
111.
109.4
114.2
127.2
138.0
144.3
152.3
160.8
173.9
180.3
180.1
182.9
177.8
193.1
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.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also
included are certain government deposit accounts, governmentsponsored agencies, and all other investors not included above.
Sales began May 1, 1967, and were
Includes U.S. savings notes.
discontinued after June 30, 1970.
Treasury Bulletin
56
1
MARKET QUOTATIONS ON TREASURY
Amount outstanding
30,
1982
regularly quoted public
include all
securities listed
issued
by
the
U.S.
Treasury.
marketable
securities
Securities issued by Federal agencies and guaranteed by the
U.S. Government are excluded.
Current market quotations shown here are over-thecounter closing bid quotations In the New York market for
the last trading day of the month, as reported to the
The
Treasury by the Federal Reserve Bank of New York.
Table MQ-1.
SECURITIES. SEPTEMBEE
-
Treasury
Bills
October 1982
37
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER
Table MQ-2.
-
Treasury Notes-Continued
(Price decimals are 32nds)
30,
1982
Treasury Bulletin
38
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER
Table MQ-3.
-
Treasury Bonds
(Price decimals are 32nds)
30,
1982
.^^^^^.i.^
59
October 1982
MARKET QUOTATIONS ON TREASURY SECURITIES, SEPTEMBER
30,
1982
Treasury Bulletin
60
AVERAGE YIELDS OF LONG-TERM BONDS.
Table AY-1.
-
Treasury
bonds 1/
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds
1 /
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
Monthly series - averages of dally or weekly series
1971
Jan
Feb
Mar
Apr
May
June
5.92
5.84
5.71
5.75
5.96
5.94
July
Aug
Sept
Oct
Nov
Dec
5.91
5.56
5.56
W5.46
5.48
5.62
Jan
Feb
Mar
Apr
May
June
5.62
5.67
5.66
5.74
5.64
5.59
July
Aug
Sept
Oct
Nov
Dec
W5.59
Jan
Feb
Mar
Apr
May
June
V5.96
July
Aug
Sept
Oct
Nov
Dec
5.59
5.70
5.69
5.51
5.63
6.14
6.20
6.11
6.25
6.32
6.53
V6.85
6.41
6.25
6.30
6.35
7.63
1974
1977
1980
October 1982
61
AVERAGE YIELDS OF LONG -TERM BONDS
LU
hDC
o
Q_
DC
o
o
>-"
DC
COCO
<Q
LUz
m
^?QLU
-IQ
o<
CO
Q
_l
LU
>
LU
o
<
DC
LU
>
<
q
CD
in
.»•
<
I-
o
q
o
CO
q
o
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q
q
03
00
q
o
CD
o
Treasury Bulletin
62
BXCHANOB STABILIZATION FUND.
Table ESF-1. - Balances as of March 31, 1982 and June
30,
1982
(In thousands of dollars)
Assets, liabilities, and capital
March 31, 1982, through
June 30, 1982
March 31, 1982
June 30, 1982
Assets
Federal Reserve Bank of New York
Special drawing rights _!_/
Investments: U.S. Government securities.
Foreign exchange and securities: II
German marks.
Japanese yen
Pounds sterling
Swiss francs
Accounts receivable
Total assets
79,198
4,305.528
2,066,612
12,559
155,394
(145,640)
91,757
4,460,922
1,920,972
2,645,391
1,464,641
93
(11,962)
2,645,484
1,452,679
66,792
579,037
(4,848)
(366,891)
61,944
212,146
11,207,202
(361,295)
656,439
(547,727)
3
3
Liabilities and capital
Current liabilities:
Accounts payable
Exchange translation liability on German
marks warehoused _3^/
Advance from U.S. Treasury (U.S. drawing
on IMF) UJ
6,704
190,157
1,067,000
108,712
196,861
1,067,000
Total current liabilities
1,913,596
(541,023)
1,372,573
Other liabilities:
Special drawing right certificates
Special drawing rights allocations
3,568,000
5,453,630
250,000
(102,151)
3,818,000
5,351,479
Total other liabilities
Capital:
Capital account
Net Income (loss) (see Table ESF-2)
147,849
200,000
103,855
200,000
71,976
Total capital
Total liabilities and capital
11,207,202
(361,295)
10,845,907
Footnotes at end of Table ESF-2.
Table ESF-2. - Income and Expense
(In thousands of dollars)
Current quarter
April 1, 1982,
through
June 30, 1982
Year to date
October 1, 1981,
through
June 30, 1982
Income and expense :
Profit (loss) on;
Foreign exchange
(95,443)
Adjustment for change in valuation of SDR
holdings and allocations 1/
(131,343)
51,029
Interest (net charges) on:
Special drawing rights
U.S. Government securities
Foreign exchange
(31,275)
59,969
84,410
(128,203)
204,111
270,129
Net income from operations
ESP prior year administrative
adjustment _5/
Net income
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 through 1980.
(Juarterly balance sheets beginning with December 31, 1938, have been
published In the Treasury Bulletin. Data from inception to
September 30, 1978, may be found on the statements published in the
January 1979 Treasury Bulletin.
Beginning July 1974, the International Monetary Fund (IMF) adopted a
\J
technique for valuing the special drawing rights (SDR) based on a
weighted average of exchange rates for the currencies of related
member countries. The U.S. SDR holdings and allocations are valued
on this basis beginning July 1974,
XI Excludes foreign exchange transactions for future and spot delivery.
3/
_4/
%J
The exchange translation liability represents the amount of loss the
Exchange Stabilization Fund (ESF) would sustain on outstanding SI.
billion equivalent of German mark swaps with the Federal Reserve If
those swaps were liquidated on June 30, 1982.
A non-lnterest-bearing liability to the U.S. Treasury resulting from
the transfer to the ESF of foreign currencies drawn from the IMF by
the United States.
Administrative expenses and adjustments incurred in current fiscal
year but chargeable to prior fiscal years.
63
October 1982
INTEENATIONAL FINANCIAL STATISTICS.
The tables In this section are designed to provide data on U.S.
reserve assets and liabilities and other statistics related to the U.Sbalance of payments and international financial position.
Table IFS-2 brings together statistics on liabilities to foreign
official institutions, and selected liabilities to all other foreigners,
which are used In the U.S. balance of payments statistics.
Table IFS-1 shows the reserve assets of the United States
including its gold stock, special drawing rights held In the Special
holdings of
International Monetary Fund,
Drawing Account
in
the
currencies,
and
reserve
position
in
the
convertible
foreign
International Monetary Fund.
Table
issued
to
countries.
Table IFS-1.
-
IFS-3 shows U.S. Treasury nonmarke table bonds and notes
official
institutions
and
other
residents
of
foreign
Table IFS-4 presents a measure of weighted-average changes In
exchange rates between the U.S. dollar and the currencies of certain
other countries.
U.S. Reserve
Assets
(In millions of dollars)
Gold stock 2/
End of
calendar year
or month
Total
reserve
assets 1/
(1)
1977
1978
1979
1980
1981
19,312
1981-Sept.
Oct..
Nov.
Dec.
1982-Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Total 3/
(2)
Treasury
(3)
Special
drawing
rights 1/ 4/
(A)
Foreign
currencies 5/
(5)
Reserve
position In
International
Monetary Fund
(6)
_1/
6^/
Treasury Bulletin
64
.INTERNATIONAL FINANCIAL STATISTICS,
Table IFS-2. - Selected U.S. Liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official Institutions 1/
End of
calendar
year or
month
Liabil-
(1)
(2)
65
October 1982
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3.
Issued
-
Nonmarketable U.S. Treasury Bonds and Notes
Other Residents of Foreign Countries
to Official Institutions and
(In millions of dollars or dollar equivalent)
Payable In dollars
End of
calendar
year or
month
Switzer
Germany
Grand
land
total
(1)
(2)
19,274
20,624
17,387
14,654
11,791
17,467
17,467
16,607
14,607
11,791
13 ,780
12,402
12,191
11,791
11,791
11,791
11,291
11,291
11,050
10,750
10,150
12,819
12,419
11,748
9,750
9,350
9,350
12,402
12,191
11,791
11,791
11,791
11,291
11,291
11,050
10,750
10,150
9,750
9,350
9,350
1977
1978
1979
1980
1981
20,443
1981-Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
17,414
22 ,565
22,656
21 ,091
15,872
17 ,203
16,803
15,872
15 ,872
15, 372
15,372
15,131
14,380
(4)
(3)
506
2,707
630
47
(5)
700
450
150
(6)
600
Payable In foreign currencies
End of
calendar
year or
month
Germany
(8)
(7)
1977
1978
1979
1980
1981
1,169
1,941
5,269
6,437
4,081
1981-Sept.
Oct..
Nov..
Dec.
1982-Jan..
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
5,012
5,012
5,012
4,081
4,081
4,081
4,081
4,081
3,630
3,630
3,069
3,069
2,398
For further Information, see "Public Debt Operations," Table
PDO-8 and 9.
Note;
1,595
4,066
5,234
3,622
4,553
4,553
4,553
3,622
3,622
3,622
3,622
3,622
3,171
3,171
2,610
2,610
1,939
U
2/
_1/
Switzerland 2/
(9)
1,169
346
1,203
1,203
459
459
459
459
459
459
459
459
459
459
459
459
459
459
Beginning 1978, Indicates notes publicly Issued to private German residents.
Beginning 1979, Indicates notes publicly issued to private Swiss residents.
Treasury Bulletin
66
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4.
-
Weighted-Average
of
Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar
U
vls-a-vls
End of calendar
year or month
Currencies of ^6 main
trading countries _3/
Currencies of
OECD countries 2/
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
-9.4
-14.6
-16.0
-10.9
-10.3
-14.6
-21.5
-18.4
-15.0
-3.4
1981-Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June. > >
July....
Aug. p..
-0.5
-1.2
-5.5
-3.4
-0.8
+3.7
+5.8
+3.5
+5.3
+ 10.9
+10.3
+10.7
+12.1
Sept. p.
\J
1
+6. 6
+21
3
+58, 9
+54.3
+55.7
+55.4
+58.9
+«3.1
+75.6
+80.3
+84.5
+90.5
+100.4
+103.0
+120.1
+124.5
E(4fcj/S * X^/ZX)
Where:
the weighted average of percentage
changes in the foreign currency cost of
dollars;
E
is
Afc,/S is the percent change in the
foreign currency I cost of dollars; and
Xj/IX Is U.S. exports to country 1, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
The equations used are as follows:
(EQ3)
Equation one is used to calculate a trade-weighted average of changes In
the dollar cost of foreign currencies:
E -
Where:
E„ = i:(4$/fcj * Mj/EM)
|(E„ * m/m+x)*(-l)l + [i^ * x/m+x]
m/m+x Is U.S. Imports as a proportion
of its total trade with all countries in
the set; and
x/m+x Is U.S. exports as a proportion of
its total trade with all countries In the
is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
E
M|/EM la U.S. Imports from country 1, as
a proportion of total U.S. Imports from
all countries in the set.
-1,
-4,
{Eq2)
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.
iS/fc^ is the percent change In the dollar
cost of foreign currency 1; and
-1.
Equation two is used to calculate a trade-weighted average of changes in
the foreign exchange cost of dollars:
This table presents calculations of weighted average percentage changes In
the rates of exchange between the dollar and certain foreign currencies.
In order to provide a measure of changes In the dollar's general foreign
exchange value broader than a measure provided by any single exchange rate
change.
Calculations are provided for two sets of countries that account
for a major share of U.S. foreign trade.
U.S. bilateral trade patterns in
1972 are used as a convenient, readily available proxy for the assignment
of relative weights to individual exchange rate changes, though such
weights do not provide a full measure of Individual currencies' relative
Importance In U.S. international transactions because they take no account
of factors other than trade.
The calculations do not purport to represent
a guide to measuring the impact of exchange rate changes on U.S.
International transactions.
(EQl)
-4. 9
-9, 6
-9, 6
-4, 6
set.
2_l
3/
p
Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France,
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New
Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, and United
Kingdom.
The currencies of 45 IMF member countries which account for approximately
90 percent of U.S. total trade.
Preliminary.
October 1982
67
CAPITAL MOVEMENTS
Background
date.
Data relating to capital movements between the
United States and
foreign countries
have
been collected since
1935
under Treasury
regulations pursuant to Executive Orders Nos. 6560
of January 15
1934
and 10033 of February 8, 1949, and the International
Investment 'survey
Act of 1976.
Reports are filed with Federal Reserve banks by
banks,
bank holding cooipanles, securities brokers and
dealers, and nonbanklng
enterprises In the United States.
Statistics on the principal types of
data by country or geographical area are then
consolidated and are
published In the monthly Treasury Bulletin.
The reporting forms and Instructions 1/ used
In the Treasury
International Capital (TIC) Reporting System have
been revised a number
of times to meet changing conditions and to increase
the usefulness of
the published statistics.
Revisions to the reporting forms are part of
an ongoing effort to ensure the adequacy
of
the Treasury capital
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.
Revised forms and instructions are developed
with the cooperation of
other Government agencies and the Federal
Reserve System and in
consultations with representatives of banks,
securities firms, and
nonbanklng enterprises.
Major revisions of the TIC B-serles forms,
filed by banks and some
""'"'' 5""^' •>«"""* effective with reports as of April
,n
,o^.
JU,
1978; new data series were
introduced in the July 1978 Treasury
Bulletin.
Also, effective March 1981, reporting coverage
of the Bseries foros was enlarged to include holdings
by brokers and dealers
of
certain types of short-temi money market
instruments.
Substantial
revisions of the C-series for»s, filed by nonbanklng
enterprises, were
effective with reports as of December 31, 1978;
the new data series are
shown beginning with the June 1979 Issue.
Revisions of the TIC forms
that affect the format and coverage of the
current Capital Movements
tables are noted under "Description of Statistics"
below.
Basic Definitions
.
The term "foreigner" as used In the Treasury
reports covers all
Institutions and Individuals domiciled outside
the United
States
^^ yl'"^ "'^' "'"'""^ domiciled abroad, and the foreign branches,
subsidiaries, and offices of U.S. banks and business
concerns; the
central governments, central banks, and other
official Institutions of
foreign countries, wherever located, and
international and regional
organizations, wherever located.
The term "foreigner" also includes
persons in the United States to the extent
that they are known by
reporting institutions to be acting on behalf of
foreigners.
In general, data are reported opposite
the foreign country or
geographical area in which the foreigner Is domiciled,
as shown on the
records of reporting institutions.
For a number of reasons,
the
geographical breakdown of the reported data may not
in all cases reflect
the ultimate ownership of the assets.
Reporting institutions are not
expected to go beyond the addresses shown on
their records, and so may
not be aware of the country of domicile
of the ultimate beneficiary.
Furthermore. U.S. liabilities arising from
deposits of dollars with
"^ reported generally In the Treasury statistics as
,
,71,^^
liabilities
to foreign banks,
whereas the liability of the foreign bank
receiving the deposit may be to foreign official
institutions or to
residents of another country.
Data pertaining to branches or agencies
of
foreign official
Institutions are reported opposite the country
to which the official
institution belongs.
Data pertaining to International and regional
organizations are reported opposite the
appropriate international or
regional
classification
except
for
the
Bank
for
International
Settlements which is included in the classification
"Other Europe."
Geographical Classification
A number of changes in geographical classification
were Introduced
tor most Capital Movements tables in the
July 1978 issue.
Several
countries formerly Included in "Eastern
Europe" and "Other Latin
American Republics' are now shown separately In
the country list as well
"''S°''y '" '^'^ "International and regional" grouping for
"u</.,°'"t
Middle Eastern Regional" in view of the
proliferation of regional
financial organizations in that area, primarily
in the Arab States.
The
remaining countries in the categories "Other
Eastern Europe" and "Other
Western Europe were combined Into a single "Other
Europe" category; and
the
head ng
Utln America" was retltled "Utin America and
Caribbean.
To the extent possible, the statistics for
earlier dates
have been adjusted in accordance with
these revised geographical
categories.
'
Reporting Coverage
Reports
are
required
from
banks.
bank
holding
companies.
International
Banking
Facilities
(IBF's),
securities
brokers
and
dealers, and nonbanklng enterprises
in the United States, including the
branches, agencies, subsidiaries, and other
affiliates in the United
states of foreign firms.
Entities that have reportable liabilities,
claims, or securities transactions below
specified exemption levels are
exempt from reporting.
"""^ '"•okers and dealers file reports monthly covering
°^"'',^, ""'
.
,>.
their
dollar liabilities to, and dollar claims on,
foreigners in a
number of countries.
Twice a year, as of June 30 and December 31.
they
also report the same liabilities and claims
items with respect to
foreigners in countries not shown separately
on the monthly reports.
Beginning with reports due as of Jua, 30.
1978. quarterly reports are
filed with respect to liabilities and claims
denominated in foreign
currencies vls-a-vls foreigners.
Effective January 31. 1982. the
specified exemption level applicable to
the monthly and quarterly
banking reports is $10 million and is
based on the average for the
report dates during a six-month period.
Including the current report
There is no separate exemption level for the
semiannual reports.
Banks,
securities brokers and dealers, and in some
instances
nonbanklng enterprises report monthly their
transactions In securities
with foreigners; the applicable exemption
level is S500.000 on the grand
total of purchases and on the grand total
of sales during the month
covered by the report.
Quarterly reports are filed by exporters, importers,
industrial and
commercial
concerns,
financial
institutions other than banks and
brokers, and other nonbanklng enterprises if
their liabilities to
or
claims on. unaffiliated foreigners exceed a specified
exemption level on
a
two quarter-end average basis.
Effective March 31, 1982
this
exemption level was set at $10 million, up from $2
million.
Beginning
December 31, 1978, these fln>» also report for each month-end
their U.s!
dollar-denominated deposit and certificates of deposit claims
of SIO
million or more on banks abroad.
Description of Statistics
Section 1 presents data on liabilities to foreigners
reported by
banks, brokers, and dealers In the United States.
Beginning April 1978
the following major changes were made in the reporting
coverage: amounts
due to banks
own foreign offices are reported separately:
a previous
distinction between short-tenn and long-term liabilities
was eliminated:
a separation of the liabilities of the respondents
themselves from their
custody liabilities to foreigners; and foreign currency
liabilities are
only available quarterly.
Also, beginning April 1978. the data on
liabilities were made more complete by extending to
securities brokers
and dealers the requirement to report certain of
their own liabilities
and all of their custody liabilities to foreigners.
Section II presents the claims on foreigners reported
by banks in
the United States.
Beginning with data reported as of the end of April
1978, a distinction was made between banks' claims held for
their own
account and claims held for their domestic customers.
The former are
available in a monthly series whereas the latter data are
collected on a
quarterly basis only.
Also, the distinction In reporting of long-teriD
and short-term components of
banks' claims was discontinued.
Maturity
data began to be collected quarterly on a time
remaining to maturity
basis as opposed to the historic original maturity
classification.
Foreign currency claims are also collected only on
a quarterly basis.
Beginning March 1981, this claims coverage was extended
to certain items
in the hands of brokers and dealers In the United
States.
Another Important change In the claims reporting,
beginning with
new quarterly data as of June 30, 1978, was the
adoption of a broadened
concept of "foreign public borrower," which
replaced the previous
category of
foreign official Institution" to produce more
meaningful
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
possessions; foreign central
banks, stabilization funds, and exchange
authorities; corporations and other agencies of central
governments.
Including development banks, development institutions and
other agencies
which are majority-owned by the central government or
Its departments;
State, provincial, and local governments of foreign
countries and their
departments and agencies; and any International or regional
organization
or subordinate or affiliated agency thereof,
created by treaty or
convention between sovereign states.
Section III includes supplementary statistics on U.S.
banks'
liabilities to, and claims on, foreigners.
The supplementary data on
banks'
loans
and
credits
to
nonbank foreigners combine selected
Information from the TIC reports with data from
the monthly Federal
Reserve 2502 reports submitted for major foreign
branches of U.S.
banks.
Other supplementary data on U.S. banks' dollar
liabilities to,
and banks' own dollar claims on, countries not
regularly reported
separately are available semiannually in the April and October
Issues of
the Bulletin.
Section IV shows the liabilities to, and claims on,
unaffiliated
foreigners by exporters. Importers, Industrial and
commercial concerns
financial
institutions
other
than
banks
and
brokers,
and
other
nonbanklng enterprises In the United States.
The data exclude the
Intercompany accounts of nonbanklng enterprises in the
United States
with their own branches and subsidiaries abroad or with
their foreign
parent
companies.
(Such
transactions are
reported
by
business
enterprises to the Department of Commerce on Its direct
Investment
forms.)
The data also exclude claims held through banks In the
United
States.
Beginning with data reported as of December 31, 1978, there
is
separation
of
the
financial
liabilities and claims of reporting
enterprises from their commercial liabilities and claims; and
Itema are
collected on a time-remaining basis instead of the
prior original
maturity basis.
In addition, the number of reporters Increased somewhat
as a result of a broad canvass of prospective
reporters undertaken in
late 1978.
Section V contains data on transactions in all types of
long-term
domestic and foreign securities by foreigners as reported
by banks and
brokers in the United States (except nonmarketable U.S.
Treasury notes,
foreign series; and nonmarketable U.S. Treasury bonds and notes,
foreign
currency series, which are shown In the "International
Financial
Statistics" section. Table IFS-3).
The data cover new Issues of
securities, transactions In outstanding 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 exclude
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
Treasury Bulletin
68
CAPITAL MOVEMENTS
securities; In the case of outstanding Issues, this may differ from the
The gross figures contain some
country of the original Issuer.
The net figures for total
offsetting transactions between foreigners.
transactions represent transactions by foreigners with U.S. residents;
for
transactions
of
individual
countries and areas
but the net figures
may include some transactions between foreigners of different countries.
The
1/
data published
In
these
sections
do not
cover all
types
of
reported capital movements between the United States and foreign
countries.
The principal exclusions are the intercompany capital
transactions of nonbanking business enterprises in the United States
with their own branches and subsidiaries abroad or with their foreign
parent companies, and capital transactions of the U.S. Government.
Consolidated data on all types of international capital transactions are
published by the Department of Commerce in Its regular reports on the
U.S. balance of payments.
Copies of the reporting forms and instructions may be obtained from the Office of Data Management, Of flee of the Assistant Secretary for International Affairs, Department of the Treasury, Washington, D.C. 20220, or from district Federal Reserve banks.
69
October 1982
CAPITAL MOVIMXIITS
,
Section I.- Liabilities to Foreigners Reported by Baaks in tbe United States
Table CM-I-1. - Total Liabilities by Type of Holder
(In millions of dollars)
End of
Treasury Bulletin
10
.CAPITAL MOVEMENTS.
Table CM-1-2.
-
Total Liabilities by Type, Payable in Dollars
Part A - Foreign Countries
(In millions of dollars)
Total
foreign
countries
(1)
122,893
1977
1978
1979
1980
1981
1981-Aug....
Sept...
Oct....
Nov....
Dec.
.
..
1982-Jan
Feb
Mar
Apr.
..
May....
June. .
July p.
Aug. p.
Deposits
Demand
(2)
Time II
(3)
U.S.
Treas.
bills &
U.S.
U.S.
End of
calendar
year
or month
Other foreigners
Banks
Official institutions 1/
Deposits
Treas.
bills h
certificates
Other
liabilities 2/
Demand
(4)
(5)
C6)
(7)
Deposits
Treas.
bills 6
certlficates
Other
liabll
itlcs 2/
To own
foreign
offices 3/
Demand
(8)
(9)
(10)
(11)
certificates
(12)
(13)
Other
liabilities
y
(14)
71
October 1982
.CAPTTAL MOVEMENTS*
Table CM-I-3.
-
Total Liabilities by Country
(Poeltlon at end of period to mllllonB of dollars)
Calendar year
Treasury Bulletin
12
.CAPITAL MOVEMENTS,
Table CM-I-4.
-
Total Liabilities by Type and Country, as
of Aa«iist 31,
1982
Preliminary
tPoalClon In mllLlona ot aoiiarsj
Llablllclea payable tn dollars
Total Itabtllttes
To foreign official
Institutions and
unaffiliated foreign banks
Payable
Payable
Count ry
In
foreign
currencies 1/
In
dollars
Banks'
own Ma-
Custody
llabll-
blUtles
iclee
pe£oslt6
Demand
Time 2/
Shortterm U.S.
Treasury
obllga-
Liabilities to
banks'
own
Other
foreign
llabll- offices
itles
dons
(8)
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
3^6
3,388
S32
3,217
81
IS
81
15
A52
276
8,215
446
266
8,156
51
51
5,568
559
128
5,397
559
128
6 ,747
6 ,703
2,947
1 ,650
2,804
39
464
126
.243
,285
1
1
25,252
287
47,631
74
317
6 , 336
1
1
1
,634
38
453
126
,223
,278
25,019
287
46,800
47
317
6 , 336
Total Europe
Canada
Latin America and Caribbean
Argent ina
Bahamas
Bermuda
Brazil
British West Indie
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
2 , 662
42,100
1,410
1.946
23,380
t,166
2,640
2 ,644
41,823
1,290
1.944
22,801
1,165
2.636
9
9
478
616
478
616
136
136
9,546
3,841
9.259
3,793
4
,903
994
300
656
9 , 508
4
,689
984
299
656
9,239
Total Latin America and
Caribbean
Asia:
China:
Mainland
Taiwan
Hong Kong
246
2,255
4,665
India
Indones la
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
659
594
496
19.536
1,716
Total As la
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
245
2,253
4,551
655
593
486
19,283
1,712
Ig4
182
448
388
369
14.916
448
388
728
4,019
29
369
14.877
51.258
50.819
7
32
4,024
29
:
399
43
398
43
813
813
1*1
34
25
47
34
25
1,538
1,538
3.998
3,998
Total Africa
Other countries :
Australia
All other
Total other countries...
Total foreign countries.
International and reRlonal
International
European regional
Latin American regional
Afllan regional
African regional
Middle Eastern regional
Total International
and regional
Grand total
55
35
713
297
713
297
9
9
1
I_
5,073
5.073
297.977
293.328
\u
(9)
CIO)
Liabilities to
all other foreigners
Deposits
Demand
Shortterm U.S. Other
Time Ij Treasury llabllobligaitles
tlons
Memorandum
Negotiable
CD's held
for all
foreigners
October 1982
73
•
Section
II
-
CAPITAL MOVEMENTS.
Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Total Claims by Type
(Position at end of period In mlUlone of dollars)
Mar.
Sept.
1/
rype of clatni
Total claims
Payable In dollars
Banks' own claims on foreigners
Foreign public borrowers
Unaffiliated foreign banks
Deposits
Other
Own foreign offices
Ml other foreigners
Claims of banks* domestic customers
Deposits
Negotiable and readily transferable Instruments
Collections and other
Payable In foreign currencies
Banks' own claims on foreigners
Claims of banks' domestic customers
Memoranda:
Claims reported by IBP's 2/
Payable in dollars
Payable in foreign currencies
Customer liability on acceptances
Claims with remaining maturity of 1 year or less
On foreign public borrowers
On all other unaffiliated foreigners
Claims with remaining maturity of more than 1 year
On foreign public borrowers
On all other unaffiliated foreigners
203,860
215,542
221,025
236,005
198,695
172,587
20,840
210,904
179,837
21,122
216,294
184,246
21.365
231,959
197,924
23,192
3,254
41,914
55,084
36,495
7,263
39,203
74,920
37,329
9,818
40,360
75,192
37,511
11,827
44,161
79,«?7
38,917
26,106
385
15,574
9,648
31,067
850
19,461
10,756
32,048
1,014
20,281
10,753
34,035
763
23,765
9,507
5,168
4,206
962
4,638
4,194
4,731
4,287
444
4,046
3,699
22,714
24,451
10,688
/2,618
10,906
70,262
11,260
73.960
10,152
14,047
10,216
13,533
10,416
13,417
444
347
12,
Treasury Bulletin
74
CAPITAL MOVEMENTS.
Table CM-II-2. - Total Claims by Country
(PoBltlon at end of period to Billions of dollars)
Sept.
Calendar year 1961
Europe:
Austria
Belgium-Luxembourg
Bulgaria
206
3,122
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
22
65
237
613
S,2S7
193
1 , 330
^49
761
5,600
Italy
Netherlands
1
Nonay
,063
il9
708
Poland
Portugal
Romania
Spain
Sweden
Sultzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
2,371
1,620
2 ,504
479
45,127
831
1,314
254
Total Europe
75.010
554
Ill
2,902
198
2,996
37
37
198
20
145
377
5,635
153
1,690
313
540
3,416
703
259
731
270
120
1,761
999
1,878
178
30,523
405
954
228
20
145
388
5,813
149
1,767
314
540
3,448
734
261
730
270
122
1,775
1,021
2,018
459
3,026
206
3,122
207
195
4,039
4,170
31
184
23
19
185
22
65
237
18
72
351
30
75
348
446
4,549
409
4,645
825
8,193
218
2,064
211
103
1,639
384
707
4,371
923
331
613
5,257
193
1,330
449
761
5,600
1,063
650
6,828
HI
80S
369
746
346
124
174
111
2,016
993
2,011
1,954
1,090
2,371
1,420
2,504
479
45,127
831
1,314
254
110
2,884
1,739
1,965
537
54,221
384
1,287
366
7,860
44,222
9,234
48,842
351
414
19,430
24,480
4,619
2,087
200
2,854
26
1.505
349
696
4,270
966
2,273
178
182
184
32,345
36,450
415
1,079
39,842
404
957
237
232
500
1,024
233
6,264
35,444
417
10,750
19,017
2,178
1,590
6,213
39,192
525
10,610
20,114
2,695
1,529
419
708
554
198
1,485
427
746
6,133
1,194
492
710
750
Canada
Latin America and Caribbean:
Argentina
Bahamas
Bermuda.
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuel a
Other Latin America and
Caribbean
7,860
44 ,222
351
17,532
22,918
3,810
2,081
6,112
34,781
341
10,894
15,672
2,029
1,524
6,239
35,403
345
11,055
16,146
2,032
1,524
5
5
5
1,613
170
89
22,858
1,277
7 ,048
1 , 287
1,387
249
48
12,741
836
6,054
854
186
140
5,800
1,386
250
50
2,789
959
6,126
853
185
140
5,830
248
2,890
2,407
142
7
196
,562
17,532
22,918
3,810
2,081
4
5
5
5
1,383
1,376
158
1,613
147
1,933
140
49
14,432
947
6,497
876
71
17,615
949
7,025
853
89
22,858
132
119
184
5,654
5,723
233
2,913
2,430
234
2,990
3,449
2,996
3,891
166
351
1,057
27,183
166
318
1,387
29,381
6,146
7,025
83
194
205
106
132
251
662
1,387
23
865
2,155
282
1,235
1,599
101
170
1,277
7,048
1,287
142
196
7,562
171
26,014
1,005
7,740
1,585
214
264
8,435
Total Latin America and
Caribbean
Asia:
China;
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippine
Singapore
Syria
Thai land
011-exportlng countries
Other Asia
130
2,912
4,229
r54.15fe
45,503
,650
r28,863
7,544
56
225
476
1,917
2,312
36
_2/
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Af rlca
Zaire
011-exportlng countries
Other Africa
384
164
350
1,024
26,529
6,093
82
194
205
658
1,342
23
865
2,148
281
166
438
1
V..
593
2,223
262
39
611
317
1.203
148
929
762
46,335
163
13
161
336
188
746
866
585
336
188
748
145
666
585
30
28
45
29
30
16
U6
13
196
186
443
1,161
28,058
6,834
335
78
128
329
1,582
1,748
38
582
1,984
416
51,454
50,650
34
695
2,117
172
31
322
99
672
133
928
593
162
43
373
300
,106
136
130
2,912
4,229
166
438
1,650
r28,863
7,544
58
225
476
1,917
2.312
111
2,809
5,590
279
460
1,327
r28,238
6,910
57
199
79
2,223
384
2,346
2,719
47
536
2,682
462
r54,156
r54,849
36
593
262
355
39
49
762
328
1,612
976
616
611
317
1,203
146
929
762
28
24
30
30
127
872
808
Total Af rlca
Other countries
Australia
All other
:
Total other countries
Total foreign countries
International and regional:
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total International
and regional
Grand total
30
30
*
*
^
61
r292,588
27
30
17
30
16
401
792
6,745
1,574
469
619
961
101
3,356
1,902
1,888
628
57,815
506
1,334
312
October 1982
75
m^APl^AL MAVKMUITft.
- ToUi €Ui»« ok foxAiga«ZA kj Tf»t nil ^Reported by Bsaka ia the U.8. ae of Jttae 30, 1982
Talkie i;i|-II-3'
(Position at end of period In mllllone of dollars)
Reporting banks' own claims
Claims of banks
domestic customers
Memorandun
Total
claims
Europe:
Austria
,
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
F-lnland
Prance
German Democratic Republic,
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
Total Europe
Canada
Latin America and Caribbean:
Argentina
•.••
Bahamas
Bensuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia:
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Le banon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
Total Asia
Africa:
Egypt
Ghana
Uberia
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries
:
Australia
All other
Total other countries
Total foreign countries....
International and regional
International
European regional
Latin American regional....
Asian regional
African regional
Middle Eastern regional....
:
Total international
and regional
Grand total
195
Total
banks'
Claims on foreign public
borrowers and unaffiliated
foreigners
On own
foreign
offices
Total
claims
payable
In foreign
currencies
Cue toner
liability
on acceptances
foreign
currencies
Treasury Bulletin
16
CAPITAL UOVSMSNTg
Section
III
-
Supplementary Liabilities and Claims Data Reported by Banks
Table CM-III-1.
-
in
the
United States
Dollar Claims on Nonbank Foreigners
(Position at end of period In millions of dollars)
Dollar claims of U.S. offices
End of calendar
year or month
Total dollar
claims on nonbank foreigners
(1)
U.S. -based
banks
(2)
U.S. agencies &
branches of for-
eign banks
C3)
\_l
Dollar claims of
U.S. -based banks'
na jor foreign
branches '11
(4)
1978
1979
1980
1981
102,883
116,809
136,912
165,727
20,399
23,824
28,751
r40,933
13,080
21,651
28,653
r39,365
69,404
71,334
79,508
85,429
1981-June. ..
July...
Aug
Sept...
Oct. ...
146,395
147,396
150,314
152,100
153,773
157,888
165,727
164,590
167,814
169,956
170,652
175,494
178,705
180,078
32,980
32,136
r32,136
r31,843
r31,372
r32,472
r40,933
r43,781
r45,201
47,219
48,772
50,940
52,692
54,253
28,974
29,851
r31,120
r31,693
r31,614
r33,236
r39,365
r39,26D
r40,031
40,937
41,915
44,310
46,211
46,186
84,441
85,409
87,058
88,564
90,787
92,180
85,429
81,549
82,582
81,800
79,965
80,244
79,802
79,639
Nov
Dec...
1982-Jan
Feb
Mar
Apr.
..
May
June p.
July p.
\J
2/
Beginning December 1981, Includes International Banking Facilities (ZBF's)
established by foreign-based banks.
Federal Reserve Board data.
Preliminary.
Revised.
October 1982
77
CAPITAL MOVEMENTS.
Table CM-III-2.
-
Dollar Liabilities to, and
Dollar Claims on,
Foreigners in Countries and Areas Not Regularly Reported Separately
(Position at end of period In millions of dollars)
Total liabilities
Total banks' own claims
Calendar year
Country
Calendar year
June p
Other Euro pe
Cyprus
Iceland
Ireland
Monaco
59
June p
Treasury Bulletin
18
.CAPITAL M0VEMSNT8.
Section IV - Liabilities to, and Claims on» Foreigners Reported by
N on banking Business Enterprises in tbe United States
Table CM-IV-1. - Total Liabilities and Claims by Type
(Position at end of period In millions of dollars)
Calendar year
Sept.
Type of liability or claim
Total liabilities
Payable in dollars
Financial
Commercial
Trade payables
Advance receipts and other.
Payable foreign currencies
Financial
Commercial:
Trade payables
Advance receipts and other.
Total claims
Payable in dollars
Financial:
Deposits
Other
Commercial:
Trade receivables
Advance payments and other.
Payable in foreign currencies..
Financial
Deposits
Other
Commercial:
Trade receivables
Advance payments and other.
11,523
October 1982
79
,
CAPITAL MOVEMENTS
Table CM-IV-2.
-
ToUl
LiabilitieB by
Country
(PoBlClon at end of period In mllllonB of dollarg)
Calendar year
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
:
30
424
*
1
37
9
De nma rk
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania.
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
449
1
664
38
1
201
475
24
4
9
22
159
99
499
56
2,363
Ill
28
26
3^747
Total Europe
718
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
:
125
454
93
81
151
11
40
*
27
9
17
164
50
45
51
17
15
325
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries^/..
Other Asia
:
Total Asia
47
151
70
27
1
67
73
,158
42
3
14
19
99
220
3
56
1,524
43
3,616
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries
Other Africa
:
40
4
6
166
45
V
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries...
International and regional
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total International
and regional
Grand total
:
*
125
2.
125
12,807
61
80
Treasury Bulletin
CAPIVAfc MAVBlfBliXftx
TaJbJU
Cll-IV-3.
-
Total Liabilities by Type and Comitry a* of
Mareb
31,
1982,
PrelimiAary
(Position In millions of dollars)
Total
liabilities
Financial liabilities
Payable
In dollars
(1)
Europe:
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republli
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
,
,
(2)
(4)
(3)
32
50
23
12
IS
12
1,326
503
332
32
3
3
1
*
*
39
730
37
677
17
17
402
963
87
364
232
69
29
1
S3
2
51
ISO
87
162
95
1,106
22
12
8
707
4,S28
4
16
69
1,118
77
110
1,043
40
41
*
27
21
10
244
199
62
28
32
32
1,095
1,050
6
27
6
27
1,016
1,016
6
24
*
6
24
16
17
3
67
197
57
9
16
*
17
3
66
197
52
9
26
1
1
9
8
97
8
97
66
64
25
189
129
4
67
49
35
1
1
291
502
*
400
59*
824
21
4
40
4
227
4
155
13
55
89
1
21
1
1
958
65
65
Total Asia
116
16
3
27
187
2
315
Total Africa
Other countries
Australia
All other
Total other countries....
Total foreign countries..
:
Grand total
1
42
136
1,374
Total international
and regional
473
51
252
International and regional:
International
European regional
Latin American regional..
Asian regional...........
African regional
Middle Eastern regional...
171
2
Asia;
China:
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
504
8
45
Total Latin America and
Caribbean
Africa:
Egypt
131
8
976
Total Europe
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thai land
Other Asia
(5)
40
546
Canada
Latin America and Caribbean:
Argentina
Bahamas.
. .
Be nnuda
Brazil
Brlstlsh Meat Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Conmerclal
liabilities
Payable
In foreign
currencies
n.a.
n.a.
October 1982
81
.CAPITAL MOVEMENTS
Table CM-IV-4.
-
Total
Claims by Country
(Position at end of period In millions of dollara)
Calendar year
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 Eu rope
Canada
Latin America and Caribbean :
Argentina
Bahama s
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Cuatemal
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia
:
China:
Mainland
Taiwan
Hong Kong
India
Indonesia.
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thai land
Oil-exporting countries 2/
Other Asia
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
011-exportlng countries
Other Africa
:
V.
Total Africa
Other countries
Australia
All other
:
•
Total other countries
Total foreign countries....
International and regional :
International
European regional
Latin American regional.. .<
Asian regional
African regional
Middle Eastern regional....
Total international
and regional
Grand total
37
82
Treasury Bulletin
.GAftlAL MOVXMSMTA,
T«ble ClI-IV-5.
-
Total Claims by Type and Coaatry as of March 31, 1982
(Position In millions of dollars)
Financial claims
Totals
claims
Country
Total
financial
Denominated
lo dollars
Denominated Id
foreign
currencies
Commercial
clsins
c la ins
(4)
(2)
Europe:
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
Cermao 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
30
30
245
261
2
2
U
11
35
68
35
44
1,148
26
661
103
24
452
24
437
15
3
696
3
217
170
47
3
2
1
444
100
30
79
24
76
59
6
3
59
1
49
72
15
4,581
100
237
109
354
36
1,057
99
75
38
67
32
171
392
7
62
39
62
17
36
;
2,773
28
3,444
94
49
2,751
95
120
39
14
188
3,524
305
466
28
3,430
93
48
2,701
38
14
1
1
50
11
4
113
50
87
1,041
107
300
104
45
35
8
35
71
281
19
211
71
281
18
211
48
48
2
15
1
525
130
401
7
1
I
86
45
129
5
*
Aala:
China:
22
209
143
61
241
223
1,425
278
29
85
1
13
2
55
2
165
267
52
163
3
2
224
44
111
*
111
*
1
I
12
2
118
92
20
2
17
2
3
9
50
1
835
39
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
26
13
142
12
9
9
Other Africa
417
135
125
279
83
17
U
2
2
7
Total Africa
Other countries:
Australia
All other
Total other countries
Total foreign countries....
international and regional:
International
European regional
Latin American regional....
Asian regloiul
African regional
Middle Eastern regional....
Total international
and regional
Grand total
305
227
90
49
32
15
245
8,912
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea.
Lebanon
Malaysis
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
24
4
It
335
306
149
Canada .
Latin America and Caribbean
Argentina
Bahamas
Bennuda
Brazil
British West Indies
Chile
Co lombla
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
(5)
120
14
14
n.a.
October 1982
83
CAPITAL MOVSlfBNTSi
Section V - Transactions in Long-Term Secaritiea by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-i. - Foreign Purchases and Sales of Long-Term Domestic Seemrities by Type
(In millions of dollars; negative figures Indicate nee sales by forelgnerB or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
U.S. Gov't corporations and
federally sponsored agencies
Corporate and other securities
Net foreign purchases
Bonds 1/
Foreign countries
Calendar year
or month
Total
(1)
1977
1978
1979
1980
1981
1982-Jan.-Aug. p..
22,843
4,710
2,863
4,898
15,007
11,288
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
1,799
1,251
1,480
1,888
762
1,286
2,313
1,994
rl,474
Feb
Mar
Apr
May
June
July p
Aug. p
rl,019
362
2,018
822
Official
Institutlons
(2)
20,377
InterOther
national
foreign- and
ers
regional
(3)
(4)
Gross
foreign
purchases
C5)
Gross
foreign
sales
(6)
Net
foreign
purchases
(7)
Gross
foreign
purchases
(8)
Gross
foreign
sales
(9)
Net
foreign
purchases
(10)
Gross
foreign
purchases
(U)
Stocks
Gross
foreign
sales
(12)
Net
foreign
purchases
(13)
Gross
foreign
purchases
(14)
Gross
foreign
sales
(15)
84
Treasury Bulletin
-CAPITAL MOVEMENTS.
Table Cll-V-3.
(In
Nat Foreign TraniactioB* in Marketable Treaaary Beadi and Mote* by Coaatr;
-
llliooe of dollarg; oesatlve figures Indicate get sales
by forelgoere or a pet outflow of capital fro« the Uolced States)
Calendar year
Country
1979
1980
1962
1981
1982
Mar.
Apr.
Hay
June
July p
through
Aug. p
Europe :
Austria
-_-_
____
____i
''S
---_
'224
____
•««•
____
8*
__*_
-.-____
*-3 1*
...»
-2-1**
»*--*1..«a
-1138
.--•
-2-**
-_-.
•-••
•*__
---2
____
.--.
.----.•
-Ill
•«.-
Bulgaria
Czechoalovakla
Denaartc
Finland
France
CeriMn Deaocratlc Sepubllc.
Germany
Greece
Hungary
Italy
Netherlaoda
dorvay
Poland
Portugal
Koaania
Spain
Sweden
Svitrerland
Turkey
United lUngdoa
U.S.S.R
Yugoslavia
Other Europe
Total Europe
Canada .
America and Caribbean
Argentina
Sahaaas
Betauda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador.....................
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
:
Total Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Halaysla
Pakistan
Philippines
Singapore
Syria
Thailand
100
A66
«1
3t
57
-22
-6
16
55
21
54
3
5
-IS
133
293
85
-49
290
122
*
2
19
106
-2,897
1,146
3,110
210
176
194
2,880
-12
108
418
71
37
34
93
356
52
13
14
362
-312
-52
-383
48
105
254
1,003
947
-614
416
-28
«
10
1
87
96
168
r»
rl3
r-2
rll
-9
93
•
•
3
123
84
-
-150
39
-
•
•
•
24
1
258
-290
16
175
_
_
_
1
_
»
IS
-S
_
a
_
•
13
15
5
3
421
_
_
-9
-8
-24
62
-48
24
-54
42
_i
48
•
3
1,074
*
2
1
24
10
-29
165
•
12
•
•
•
62
40
_
-35
132
-7
-24
-3
-95
-2
-23
106
_
-300
64
-137
249
33
59
30
-5
4
6
a
•
-
*
-1
•
3S
-5
15
-36
17
2
3
-
-
-
-
—
-
-26
20
6
-7
_
3
-
—
-
12
-1
*
.
93
-i
8
1
•
a
5
-
-
5
-3
-25
7
-41
189
-6
-65
-
20
-10
-43
^
1
^
;
;
^
z
1
50
532
-262
430
32
20
11
209
-5
178
-5
191
15
26
-
*
6-2
36
I_
-62
126
52
;28
27
IS
12
-
12
28
118
14
-35
-259
-60
-
-7
153
--l-l__
----•
--
_
•
_
42
58
25
-354
-124
-1,696
1,301
-230
93
467
-181
-21
181
-3
•
178
*
-30
-125
66
-65
2
1
-
*
1
2
561
110
*
279
-128
175
907
924
1,313
Other Aala
Total Aala
-1,683
Morocco
South Africa
Zaire
Oil-e«portlng countries 2/Other Africa
87
34
6
144
-101
-1,014
-5
Ubetla
19
2
-188
75
-7
Africa :
Bgypt
Ghana
-6
202
6
171
-
-26
0U-««portlng countrlea i/..
-3
-369
16
17
4,218
I.atlp
__
__
!•
_•«
__
-__
**
__
.__
-*-*
-—
-17
-•
--
40
1
Belglia-Luxobourg
-"><>
19
-43
»
199
_
•
2-4
-
•
11,156
-29
7,169
470
-29
906
^
13
;
;
;
;
14
12,559
8,503
1.2a
1,219
1,310
456
1,672
30
«
7,672
;
6,307
'27
18
742
10
-289
-327
.
-
•
1
-
-
2
2
-
-
Total Africa
Other countries :
Australia
All other
Total other countrlea.
. .
Total foreign countries..
International and regional
International
European regional
Latin American regional
Aalan regional
African regional
Kiddle Baatem regional
Total International
aod raglooal
Grand total
1/
:
-___
_-__
299
-840
1,089
-2,008
-3
-1
3
-
-35
30
-5
82
-_
--
36
_
a
-2S1
-456
300
-956
-
-
-20
51
-1
10
-
54
_
Z_
^
I
Z
Z
I
I
Z
Z
299
-841
1,084
-1,931
16
-200
-457
308
-902
2,863
4,898
15,007
11,288
1,994
1,474
1,019
362
2,018
iDcludaa Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
Cha United Arab Emlratea (Truclal Statea).
V
a
Includea Algeria, Gabon, Libya, and Nigeria.
Preliminary.
p
Lass than $500,000.
-6
85
October 1982
83
CAPITAL MOVEMENTS,
Tabl* CM-V-4. - Foreign Pure bases and Sales of Long-Term Securities,
by Type and Country, Dotimf August 1982 Preliminary
(In mlllloDB of dollars)
Gross purchases by foreigners
Total
purchases
Marketable
Treasury
& Federal
Financing
Bank bonds
& notes
Domestic securities
Bonds
Corporate &
of U.S.
other
Gov't
corp. and
Federally
Stocks
sponsored
agencies
Gross sales by foreigners
Foreign
securltle
Total
sales
Bonds
Stocks
(8)
Europe:
Austria
..•>..
Belgium- Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
(^rman Democratic Republic.
Germany
Greece
Hungary
Italy
42
609
8
70
28
64
22
433
131
6
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Tu rkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
629
73
53
50
779
524
37
22
211
Total Europe
Canada
,
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
British Uest 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
163
194
13
54
148
36
10
29
301
51
11
116
15
2
10
Asia:
China:
Mainland
Taiwan
Bong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
3
291
I
1
43
1,735
3
2
*
30
14
756
747
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
2
24
Other Africa
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries....
International and regional:
International
European regional
Latin American regional....
Asian regional
African regional
Kiddle Eastern regional....
Total Intematiooal
and regional
Grand total
1.101
1
2,059
6
Marketable
Treasury
& Federal
Financing
Bank bonds
& notes
(9)
Domestic securities
Bonds
Corporate &
of U.S.
other
Gov'
corp. and
Federally
sponsored
agencies
(10)
Foreign
securities
Treasury Bulletin
86
.CAPITAL MOVIMKNTS.
Table Cll-V-5. - Foreign Porchaiea amd Sales of Loni-Iem Secarities,
by Type and Coantry, Dari»c Calaadar Year 1981
(In allllona of dollars)
Cross purchases by foreigners
Count ry
Gross sales by foreigners
October 1982
87
FOREIGN CUK&£tiCY POSITIONS
Background
foreign
of
collected
been
majority-owned
since
1974
nonbanking firms
banks and
positions of
those
majority-owned
branches,
foreign
in
subsidiaries
of
on
foreign
the
United
the
and on
States,
and
partnerships,
foreign
Reporting has been required pursuant to title
U.S. dollars held abroad.
II of Public Law 93-110,
an amendment to the Par Value Modification Act
regardless
original
the
of
maturity
of
days from the date of the report.
instrument
the
"Spot" means due for receipt or delivery within
Involved.
business
2
"Short-term" means maturing In
I
year
or less from the date of the report.
nonbanking
and
banks
U.S.
currency
Reports cover eight major foreign exchange market currencies and
firms.
report,
the
have
Data
"Majority-owned foreign partnerships" are those organized under the
foreign country In which one or more nonbanking concerns or
laws of a
nonprofit Institutions in the United States, directly or indirectly, own
more
than
percent
50
profit
"Majority-owned
interest.
foreign
regulations.
subsidiaries" are foreign corporations in which one or more nonbanking
Statistics on the positions have been published monthly since March 1977
business concerns or nonprofit institutions located in the United States
beginning with data for December 1975.
directly or indirectly own stock with more than 50 percent of the total
of
September
21
forms and instructions used
The report
Treasury
implementing
and
1973,
,
collection of bank
the
in
data were revised effective with reports as of November
1,
1978, for the
combined voting power of all classes of stock entitled to vote, or more
than 50 percent of the total value of all classes of stock.
weekly reports, and as of October 31, 1978 (the last business day of the
month)
,
for
monthly
the
nonbank foreign currency
last
forms
1978.
revision
recent
most
below)
(see
September
business day of
The
reports.
of
the
became effective as of
the
Among the changes on the forms,
The monthly tables for all eight major foreign currencies have been
Bulletin.
from
publication
beginning
with
1982
May
the
The exemption level applicable to banks and banking Institutions is
$10 million
to nonbanking
The exemption level applicable
equivalent.
business concerns and nonprofit Institutions was SI million equivalent
the Belgian franc was deleted as a reporting currency.
deleted
Reporting Threshold
Treasury
All tables for the Italian lira and French franc were also deleted.
on
nonbank forms
all
1975
from March
through
November
1976.
was
It
raised to $2 million equivalent on the monthly reports of positions held
in
United
the
States
from November
1976
through September 1978.
The
exemption level was raised to $3 million on foreign subsidiary positions
on
Common Definitions and Concepts
June
and
1977,
31,
for
positions
held
entire
foreign
United
the
in
States
on
September 30, 1978.
The term "United States" means the States of the United States, the
District of Columbia,
Firms
American Samoa,
the Commonwealth of Puerto Rico,
the Virgin Islands, and Wake Island.
the Canal Zone, Midway Island,
term "foreign" means locations other than the "United States."
The
The term
"worldwide" is used to describe the sum of "United States" and "foreign"
report
must
their
currency
position
in
a
specified foreign currency if a specified U.S. dollar equivalent value
Is
reached
bought
any category of assets,
in
sold,
and
or
the
net
position
liabilities,
the
in
exchange contracts
currency.
In
general,
exemption levels are applied to the entire firm in the United States and
data.
separately to each foreign branch or subsidiary.
Data
for
the
proprietorships,
United
States
partnerships,
including
the
concerns,
in
agencies,
branches,
U.S.
the
branches
case
and
of
and
and
Include
corporations
subsidiaries
"nonbanking
subsidiaries
foreign banks and banking
amounts
institutions,
in
the
in
in
the
foreign branches, majority-owned foreign partnerships and majority-owned
States
foreign subsidiaries, U.S. banks and nonbanks are required to report the
nonbanking
positions,"
reports on their
In
sole
by
United
foreign
of
firms"
located
reported
and
the
United States of
the case of the weekly and
U.S.
and
dollar-denominated assets,
sold,
and
net
reportable
with
subsidiaries
positions
exchange contracts bought
liabilities,
of
branches,
those
positions
in
the
partnerships,
specified
and
foreign
currencies.
monthly "bank positions."
Data for "foreign branches" and "abroad" Include amounts reported
by
the
branches,
majority-owned
partnerships
and
subsidiaries of U.S. banking and nonbanking concerns.
In general,
these
data do not reflect the positions of foreign parents or foreign parents'
subsidiaries located abroad except through Intercompany accounts.
The
data include the foreign subsidiaries of a few foreign-owned U.S. -based
corporations.
Assets,
Description of Statistics
majority-owned
Data collected on the Treasury foreign currency forms are published
a
summary
reported.
of
worldwide
Sections
foreign currency.
II
net
through
positions
VI
each
reported on the
and
foreign
exchange
contract
basis of time remaining to maturity as of
data
are
the date of
in
all
present
of
data
currencies
the
on
a
specified
Section VII presents the U.S. dollar positions of the
foreign branches and subsidiaries of U.S.
liabilities,
The first section presents
in the Treasury Bulletin in seven sections.
firms which are required to
report in one or more of the specified foreign currencies.
88
Treasury Bulletin
.^^.
FOREIGN CURRENCY POSITIONS ^^.i..
Section
I
-
Summary
Positions
Table FCP-I-1. - Nonbanking Firms' Positions
V
(In millions of foreign currency units)
Report
date
Canadian
dollars
German
marks
(1)
1981-Dec.
rl4,159
r7,709
Mar.
(2)
r8,030
401
Japanese
yen
(3)
r357,705
r-31,996
Swiss
francs
British
pounds
(4)
(5)
Table FCP-I-2. - Weekly Bank Positions
(6)
244
r630
r340
-623
U.S.
dollars 2/
-6,359
r-5,795
ii
(In millions of foreign currency units)
Report
date
12/02/81
Canadian
dollars
German
marks
(1)
(2)
Japanese
yen
(3)
Swiss
francs
(4)
British
pounds
(5)
U.S.
dollars 4/
(6)
89
October 1982
,
FOREIGN CURRENCY POSITIONS
i
II - Canadian Dollar Position*
- Nonbanking Firma' Poaitiona
FCP-II-1.
Table
Section
(In mlllionB of Canadian dollars)
^
Treasury Bulletin
90
FOEXIGN CUSSXNCT POSITIONS
Section
III
Table FCP-III-1.
-
German Mark Positions
Nonbanking Firms Positions V
(In millions of marks)
Po
October 1982
91
FOBBIQN CURBBNCY POSITIONS.
Section IV - Japamea* Yen Paeitioni
Table PCP-IV-1. - Nonbamkinf Firmi' Poiitions^/
(In millions of yen)
Position
at end
of month
Liquid
assets 2/
(1)
Dec.
Dec.
Dec.
Mar.
Mar.
Apr.
May
1981*...
1981*...
Shortterm
debt 3/
(2)
Short-term trade
Receivables 4/
Payables 5/
(3)
(M
Other
assets
C5)
_6/
Other
liabilities 7/
C6)
Forward exchange 8/
Net
position 9/
Bought
(7)
Sold
(8)
(9)
Exchange
rate 10/
CIO)
Positions
held by
offices In:
Treasury Bulletin
92
rORSIGN CURBBNCY POSITIONS
Section V - Swias Franc Positions
Table FCF-V-1. - Nonbanking Firmi' Positions
i,
(In mllxlons of Swiss francs)
Position
at end
of month
Liquid
assets 2/
(1)
Dec.
Dec.
1981*.
1981*.
1,233
289
Dec.
1981*
1,522
Dec.
Dec.
1981***..
1981***..
Dec.
1981***..
Jan.
1982*
Feb.
1982
Mar.
Mar.
1982
1982
Mar.
1982
Apr.
1982
1982
May
Shortterm
debt 3/
(2)
Short-term trade
Receivables 4/
(3)
Other
assets 6/
Payables 5/
(4)
(5)
Other
llabllItles 7/
C6)
Forvard enchange 8/
Net
position ^/
Bought
(7)
1,316
462
2,089
841
176
3,920
no
251
3,965
2,504
804
r2,771
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Sold
(8)
(9)
498
1,365
r- 1,086
1,426
-1,051
-1,040
Exchange
rate
W
CIO)
1.7855
1.7855
Position
held by
offices 1
93
October 1982
_
FOREIGN CURRENCY POSITIONS
Section VI -
Table FCP-VI-1.
-
.
Startimg Poaitions
Nonbanking Firms' Position!
(In millions of Sterling pounds)
1'
Treasury Bulletin
94
FOREIGN CURRENCY POSITIONS
Section VII - United States Dollar Positions Abroad
Table FCP-VII-1. - Nonbanking Firms' Foreign Subsidiaries' Positions
(In millions of United States dollars)
Short-term trade
Position
l'
95
October 1982
FOREIGN CURRENCY POSITIONS
Footnotes to Tables FCP-I through FCP-VII
_5/
1/
Worldwide net positions on the last business day of the calendar
6/
quarter of nonbanklng business concerns in the United States and
branches
foreign
their
have
been
or
sold
receivables and
discounted
investment
companies*
partnerships
Installment
maturity,
before
U.S.
(plant and equipment)
,
year
1
All current
or less;
Includes intracompany trade payables.
assets other than liquid assets and short-term trade
receivables, and financial assets maturing in more than one year
and
from
paper which
majority-owned
their
in
fixed assets
subsidiaries,
majority-owned
and
Excludes
subsidiaries.
Due In
parent
foreign
date*
long-terra
intracompany
claims,
stocks,
assets
(plant
intracompany
Includes
prepayments ,
Fixed
and capitalized
report
the
inventories ,
and
trade
bonds,
equipment)
and
and
other
parents
and
accountSt
receivables ,
long-tern
securities.
Investment
'
in
majority-owned foreign subsidiaries are excluded.
leases for plant and equipment.
7J
2/
Foreign branches and majority-owned partnerships and subsidiaries
United
the
owned
t
States,
foreign
their
and
other
payables ;
liabilities
than short-term debt and short-
includes
accrued
long-term
expenses,
trade
payables
and
liabilities
maturing In more than one year from the report date.
Capitalized
,
plant and equipment leases are excluded.
foreign branches and majority-
Excludes
subsidiaries.
liabilities
rade
Intracompany
Weekly worldwide net positions of banks and banking Institutions
in
financial
term
only.
_3/
All
capital
assets
and
S/
liabilities.
Outstanding amounts of foreign exchange which have been contracted
to
received
be
delivered
or
in
the
Excludes
future.
spot
exchange.
^/
Foreign branches and majority-owned subsidiaries only.
V
Columns Cl),(3),(5), and (7) less columns (2), (4), (6), and (8).
SECTIONS II THROUGH VII
10 /
1/
Positions of nonbanklng business concerns in the United States and
their
foreign
branches
subsidiaries.
majority-owned
and
partnerships
Representative
rates
on
the
report
date.
Canadian dollar and
United Kingdom pound rates are expressed in U.S. dollars per unit
and
of foreign currency, all others in foreign units per U.S. dollar.
section VII positions of foreign branches and
In
majority-owned partnerships and subsidiaries only.
11 /
Banks
and
banking
institutions
in
the
United
States
foreign branches and majority-owned subsidiaries.
2/
Includes
unsettled
foreign exchange
spot
purchase contracts,
as
foreign branches and majority-owned subsidiaries only.
well as currency, demand, and time deposits, negotiable and other
transferable financial Instruments maturing In
readily
less from the
other
report date,
parties
repayable
Other
demand.
on
1
year or
12 /
Excludes capital assets.
13 /
Excludes capital liabilities.
14/
Includes both spot and forward exchange contracts*
15/
Columns (3) and (9) less columns (6) and (12).
16/
See footnote 10.
intracompany claims and loans to
and
accounts
loans,
receivable, and unaccepted trade drafts are excluded.
3/
Includes
unsettled
Intracompany
foreign
spot
other
liabilities,
short-term borrowings due In
and
the current portion of
1
than
exchange
sales
short-term trade
contracts,
payables,
year or less from the report date,
long-term debt.
Other loans, accrued
expenses, and accounts payable are excluded.
r
^/
Due
in
1
year or less;
Receivables
and
Includes
installment
maturity are excluded.
intracompany trade receivables.
paper
sold
or
discounted
before
Revised.
n.a.
Not available.
and
their
In section VII,
96
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-II-1.
-
II
-
Federal Credit Programs
Direct Sales and Repurchases of Loans
(In millions of dollars)
Housing and Urban
Development Dept.
Fiscal year
or month
Export-Import
Bank of the
United States
Repurchases
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
Less than $500,000.
Revised,
6,257
3,903
7,829
11,666
2,759
7,895
10,544
11,848
12,469
17,001
330
1,141
1,559
281
422
478
2,128
465
121
399
055
902
560
9
50
711
313
5
206
659
965
55
1,982
1,258
3,674
1,966
r2,813
755
11
12
1,965
536
1,849
170
1,778
117
Sales
145
21
21
160
Repurchases
20
3
2
104
Government
National Mortgage
Associat ion
Farmers Home
Administration
Sales
Repurchases
3,324
2,172
6,415
4,247
1,070
5,445
9,407
10,375
11,463
14,541
284
1,105
1,524
1,148
414
2,083
3,355
2,026
4,884
225
1,650
50
450
462
522
55
1,540
1,200
3,540
1,440
2,130
700
4,539
7
Small Business
Administration
Re pur-
Sales
2,300
1,501
1,232
6,963
1,592
2,118
938
1,473
833
2,460
chases
Sales
Veterans
Administration
Repurchases
Repurchases
488
209
163
294
6
36
173
43
28
17
19
253
478
2
2
2
9
261
205
658
5
2
443
1
2
10
115
29
96
333
198
311
1,962
534
1,848
168
1,776
25
30
32
442
3
52
58
82
526
r592
91
2
55
2
2
2
October 1982
97
CUMULATIVE TABLE OF CONTENTS
November 1981 through October 1982
Issues and page numberB
May
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 funds transactions
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
:
Federal obligations
Account of the U.S. Treasury
Status of the account of the U.S. Treasury
Elements of changes in Federal Reserve and tax
and loan note account balances
Cold assets and liabilities of the Treasury
:
Monetary statistics
Currency and coin In circulation
:
Federal debt
Summary of Federal debt
Computed Interest charge and computed Interest
rate on Interest-bearing public debt
Interest-bearing public debt
Government account series
Interest-bearing securities Issued by
Gove rnment agenc 1 es
;
Participation certificates
Maturity distribution and average length of
marketable interest-bearing public debt
Debt subject to statutory limitation
Status and application of statutory limitation..
Treasury holdings of securities Issued by
Government corporations and other agencies....
Description of securities of Government corporations and other business-type activities
held by the Treasury
Public debt operations
Maturity schedule of Interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstanding.
Offerings of bills
New money financing through regular weekly
Treasury bills
Public offerings of marketable securities other
than regular weekly Treasury bills...
Unmatured marketable securities Issued at a
premium or discount other than advance refunding operations
Allotments by investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills.
Foreign series securities (nonmarke table)
Issued to official institutions of foreign
countries
Foreign currency series securities Issued to
residents of foreign countries
:
United States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods, series E
through K
Redemptions of matured and unntatured savings
bonds
Sales and redemptions by denominations, series
E, EE, H, and HH
Sales by States, series EE and HH combined
:
United States savings notes
Sales and redemptions by periods
:
Ownership of Federal securities
Distribution by class of investors and type
of issues
Estimated ownership by private investors
:
Treasury survey of ownership
•
Treasury eurvey-commerclal bank ownership
1
July
Aug.
Sept.
98
Treasury Bulletin
CUlfULATIVS TABLE OF CONTENTS
November 1981 through October 1982-Continued
Issues and page numbers
1982
Market quotations on Treasury securities
End-of-month closing quotations
Chart-Yields of Treasury securities
June
July
Aug.
Sept.
65
68
63
66
64
67
64
67
66
69
56
59
72
69
67
68
68
70
60
73
70
68
69
69
71
61
Nov.
Dec.
61
64
66
69
64
67
60
63
68
60
71
65
61
70
68
64
66
62
71
69
65
Mar.
Apr.
May
:
Average yields of long-term bonds
Average yields of long-term Treasury, corporate,
and Dunlclpal bonds
Chart-Average yields of long-term Treasury,
corporate, and municipal bonds
57
:
Exchange Stabilization Fund
Balance sheet and Income and expense
:
74
National bank reports
Operating Income and expense, and dividends of
national banks, calendar year 1981
:
International financial statistics
U.S. reserve assets
Selected U.S. liabilities
to foreigners
U.S. liquid and other liabilities to official
Institutions of foreign countries by area
Noniaarketable 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
:
76
71
69
71
70
72
63
71
67
77
72
70
72
71
73
64
72
68
78
73
71
73
72
65
74
72
74
73
66
63
73
68
64
74
69
65
75
70
66
67
76
77
73
74
69
79
70
80
71
Capital movements
Liabilities to foreigners reported by banks In
the United States
Claims on foreigners reported by banks In the
United States
Supplementary liabilities and claims data reported by banks In the United States
Liabilities to, and claims on, foreigners
reported by nonbanklng business
enterprises In the U.S
Claims on foreigners reported by nonbanklng
business enterprises In the U.S
Transactions In long-term securities by foreigners reported by banks and brokers in the
United States
66
70
67
:
75
Foreign currency positions
Summary
Canadian dollar positions
French franc positions
German mark positions
Italian lira positions
Japanese yen positions
Sviss franc positions
Sterling positions
United States dollar
positions abroad
:
Foreign currencies acquired by the U.S Government without payment of dollars
Foreign currency transactions, sunmiary and
country uses
Foreign currency transactions, U.S. uses and
trust funds
:
Financial operations of Covernmeot agencies and funds
Government corporations and other business-type
activities:
Statements of financial condition
Statements of income and retained earnings
Status of accounts receivable
Status of loans receivable
Status of other receivables
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil service retirement and disability fund...
Federal old-age and survivors insurance trust
fund
Federal disability insurance trust fund
Federal hospital Inaurance fund
Federal supplementary medical insurance
trust fund
Railroad retirement accounts
Unemployment trust fund
National service life insurance fund
investments of specified trust accounts
118
119
:
201
205
209
104
105
101
102
123
124
126
216
217
219
127
128
129
131
132
220
221
222
224
225
108
109
HI
137
138
140
112
141
113
114
116
142
143
145
146
117
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