Full text of Treasury Bulletin : September 1976
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JIJN1Z1977
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Treasury Bulletin
September 1976
r
DEPARTMENT OF THE TREASURY
WASHINGTON.
OFFICE OF THE SECRETARY
D.C.
p
September 1976
CONTENTS
Article
- Treasxiry
Financing Operations
V
FEDERAL FISCAL OPERATIONS
FFO-l.
-
Summary of Fiscal Operations
1
FFO-2.
-
Budget Receipts by Source
3
Chart
-
Budget Receipts by Source
5
FFO-3.
-
Budget Outlays by Agency
6
FFO-4.
-
Undistributed Offsetting Receipts
7
FFO-5
.
-
Budget Outlays by Function
8
FFO-6.
-
Investment Transactions of Government Accounts in Federal Securities (Net)
10
FFO-7.
-
Trust Funds Transactions
11
FFO-8.
-
Selected Accrual Data Reported by Federal Agencies
j.2
FEDERAL OBLIGATIONS
FO-l.
-
Gross Obligations Incurred Within and Outside the Federal Government by Object Class
FO-2.
-
Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class
1^;^
Gross Obligations Incurred Outside the Federal Government by Department or Agency
I5
FO-3.
-
FO-4.
- Gross
Obligations Incurred Outside the Federal Government, Comparative Statement
by Months
ACCOUNT OF THE
U.S.
1^
Ig,
TREASURY
UST-l.
-
Status of the Account of the U.S. Treasury
17
UST-2.
-
Analysis of Changes in Tax and Loan Account Balances
Ig
UST-3.
- Gold Assets and
Liabilities of the Treasury
I9
MONETARY STATISTICS
-
liB-l.
Currency and Coin in Circulation
20
FEDERAL DEBT
Summary of Federal Debt
FD-l.
-
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
21
21
FD-3.
-
Interest-Bearing Public Debt
22
FD-4.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt...
22
FD-5
.
-
Government Accoimt Series
23
FD-6.
-
Interest-Bearing Securities Issued by Government Agencies
24
FD-7.
-
Participation Certificates
25
FD-8.
-
Debt Subject to Statutory Limitation
26
FD-9.
-
Status and Application of Statutory Limitation
27
FD-10.
-
Treasury Holdings of Securities
28
PUBLIC DEBT OPERATIONS
Maturity Schedule of Interest -Bearing Marketable Public Debt Securities.
PDO-l.
-
PDO-2 .
- Offerings of
PDO-3
- New
.
PDO-4.
Treasury Bills
Money through Regular Weekly Treasury Bills
- Offerings of Public
Marketable Securities Other than Regular Weekly Treasury Bills
30
31
24
38
.
Treasury Bulletin
//
CONTENTS
PDO-5
Unmatured Marketable Securities Issued at a Premium or Discount
O-
PDO-6.
Allotments by Investor Classes on Subscription for Public Marketable Securities
/i5
PDO-7.
Disposition of Public Marketable Securities
-48
PDO-8.
Foreign Series Securities
51
Foreign Currency Series Securities
56
PDO-9.
•
UNITED STATES SAVINGS BONDS
SB-1.
Sales and Redemptions by Series, Cumulative
•
Sales and Redemptions by Periods
SB-2.
SB-3.
-
SB-^.
,
All Series Combined
59
59
Sales and Redemptions by Periods , Series E through K
60
Redemptions of Matured and Unmatiored Savings Bonds
62
UNITED STATES SAVINGS NOTES
SN-1.
Sales and Redemptions by Periods
-
63
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
-
Distribution of Federal Securities
64-
OFS-2.
-
Estimated Ownership of Public Debt Securities
"5
TREASURY SURVEY OF OWNERSHIP
TSO-1.
-
Summary of Federal Securities
66
TSO-2.
-
Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution.
67
TSO-3.
-
Interest -Bearing Marketable Public Debt Securities by Issue
67
TSO-<i.
-
Securities Issued by Government Agencies
69
TSO-5.
-
Securities Issued by Government -Sponsored Agencies and D.C
69
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
-
Treasury Bills
71
MQ-2.
-
Treasury Notes
71
MQ-3.
-
Treasury Bonds
72
Chart
-
Yields of Treasury Securities
73
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
74
Chart
- Average Yields of Long-Term Treasury. Corporate, and Municioal Bonds
75
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
U.S. Reserve Assets
76
IFS-2,
U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners
77
IFS-3.
U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area
78
^^^
September 1976
CONTENTS
IFS-,4.
- Nonmarketable U.S.
IFS-5
- U.S.
.
Treasury Bonds and Notes
79
Position in the International Monetary Fund
80
- Weighted Average of Exchange Rate Changes for the Dollar
IFS-6.
81
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-I-1.
-
Short-Term Liabilities by Type of Foreign Holder
8^
CM-I-2.
-
Short-Term Liabilities by Type of Liability
85
CM-I-3.
-
Short-Term Liabilities by Country
87
CM-I-4..
-
Short-Term Liabilities, by Type and Country
88
CM-I-5.
-
Short-Term Liabilities, Not Regularly Reported Separately
89
CM-I-6.
-
Long-Term Liabilities by Type
90
CM-I-7.
-
Long-Term Liabilities by Country
91
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
CM-II-1.
-
Short-Term Claims by Type
92
CM-II-2.
-
Short-Term Claims by Country
93
CM-II-3.
-
Short-Term Claims, by Type and Country
9-4
CM-II-<i.
-
Long-Term Claims by Type
95
CM-II-5.
-
Long-Term Claims by Country
96
CM-II-6.
-
Long-Term Claims, by Type and Country
97
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING
CM-III-1.
- Liabilities
CM-III-2.
-
CONCERNS - U.S.
98
by Type
99
Short-Term Liabilities by Country
CM-III-3.
-
Short-Term Liabilities, by Type and Country
100
CM-III-/;.
-
Long-Term Liabilities by Country
101
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS
- U.S.
102
by Type
CM-IV-1.
- Claims
CM-IV-2.
-
Short-Term Claims by Country
103
•CM-IV-3
.
-
Short-Term Claims , by Type and Country
10-;
CM-IV-^.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type
105
CM-IV-5.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country
105
CM-IV-6.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country...
106
CM-IV-7.
-
Long-Term Claims by Country
lOV
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
108
CM-V-2.
-
Foreign Purchases and Sales of Long-Term Foreign Securities
108
CM-V-3.
- Net Foreign
Transactions in Marketable U.S. Treasury Bonds and Notes by Country
109
CM-V-4.
-
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country
HO
CM-V-5
-
Net Foreign Transactions in Long-Term Domestic Bonds
Ill
.
CM-V-6.
- Net Foreign
CM-V-7.
- Net
Transactions in Domestic Stocks by Country
Foreign Transactions in Long-Term Foreign Bonds by Country
112
113
CM-V-8.
-
Net Foreign Transactions in Foreign Stocks by Country
H-^
CM-V-9.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Date
115
CM-V-10.
-
Foreign Purchases and Sales of Long-Term Securities
Latest Year
116
L
,
Treasury Bulletin
jy
CONTENTS
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
CM-VI-1.
-
Foreign Credit Balances (Due to Foreigners)
117
CM-VI-2.
-
Foreign Debit Balances (Due from Foreigners)
llg
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
FEDEllAL CREDIT PROGRAMS
GA_II-1.
-
Direct Sales and Repurchases of Loans
119
GA-II-2
-
Direct and Guaranteed Loans Outstanding
120
.
Cumulative Table of Contents
Note:
Details of figures may not add to totals because of rounding.
127
September 1976
I
Treasury Financing Operations
Auction of 2-Year Notes
On August 13 the Treasury announced that it would auction
$2,500 million
August 31,
of 2-year notes
to refund
and to raise new cash.
notes
The notes offered were
yield price from foreign and international monetary author-
with Interest payable semiannually on
the last day of February and August in each year until maturity.
A coupon rate of 6-5/8^ was set after the determin-
ation as to
which tenders were accepted
the average
of which translated
on a yield basis,
into an
average accepted
notes were received
until 1:30 p.m.,
price close to 100.000.
Tenders for the
was accepted
at yields
ranging from 6.5956, price
100.065 up to 6.69%, price 99.880.
Noncompetitive tenders
for $500,000 or less from the public were accepted in full at
the average yield of accepted tenders, 6.67%, price 99.917.
These totaled $343 million.
In addition,
$414 million of
tendere were accepted
at the average-yield price from Gov-
ernment Accounts and Federal Reserve Banks for their own account and as agents
authorities in
;$204 million)
.'oreign and
,
for foreign and international monetary
exchange for notes maturing August 31, 1976
and from Federal Reserve Banks as agents for
international monetary authorities for new cash
($210 million)
Tenders were received at Federal Reserve banks and branches and at the Bureau of the Public Debt, Washington, D.C.
Bearer
notes, with
Tenders were received at Federal Reserve banks and bran-
Bearer notes, with interest coupons attached, and notes registered as to principal and Interest were authorized to be
issued in denominations of $5,000, $10,000,
$100,000,
and
$1,000,000.
and notes
be issued in denominations of $1,000, $5,000, $10,000, $100,-
52-Week Bills
On August 12
tenders were invited for $2,900 million,
or thereabouts, of 364-day Treasury bills to
gust 24, 1976, and to mature August 23, 1977.
opened on August 18.
be
dated Au-
Tenders were
They totaled $4,877 million, of which
$2,900 million was accepted, including $97 million on
non-
competitive tenders from the public and $673 million of the
bills issued at the average price to Government accounts and
Federal Reserve Banks for themselves and as agents of foreign
and international
monetary authorities.
discount rate was 5.633 percent.
The average bank
The issue was to refund
$2,900 million of bills maturing August 24.
13-Week and 26-Week Bills
Issues of regular
weekly Treasury bills in August to-
taled $25,200 million.
These issues were offered for cash
and in exchange for bills maturing in
million.
There were
and $2,500 million.
On August 25 the Treasury announced that it would auction
$2,000 million of 4- year notes to
raise new cash. The notes
Treasury Notes of Series E-1980,
September 14, 1976,
the amount of $25>200
two 13- week issues
in the amount of
due September 30, 1980,
to be dated
the determination
as to
yield basis, the average
which tenders
were accepted on a
of which translated into an aver-
age accepted price close to 100.000.
for the
notes were receivea until 1:30 p.m.,
EDST, August 31, and totaled $5,423 million from the public
of which $2,002 million was accepted at yields ranging from
6.90%, price 99.903 up to 6.94%, price 99.764.
tive tenders for $500,000
in full at
Noncompeti-
or less from the public were ac-
the average yield
of accepted tenders.
issues in the
million and $3,800 million. Average rates for the new issues
are shown in the following table.
with interest
A coupon rate of 6-7/8% was set after the
There were two 26- week
amount of $3,600 million and one 26- week issue each of $3,700
payable semiannually on March 31 and September 30 in each year
until maturity.
cepted
attached,
and interest were authorized to-
$2,700 million and one 13-week issue each of $2,600 million
Auction of 4-Year Notes
Tenders
interest coupons
registered as to principal
.
ches and at the Bureau of the Public Debt, Washington, D.C.
offered were
ities.
000, and $1,000,000.
EDST, August 19, and totaled $4,292 million, of which $2,502
million
In addi-
tion, $120 million of tenders were accepted at the average-
Treasury Notes of Series Q-1978, to be dated August 31, 1976,
due August 31, 1978,
These totaled $534 million.
6.93%, price 99.799.
maturing
Date of issue
VI
Treasury Bulletin
Treasury Financing Operations— Continued
Treasury Bills (Other than Short-dated bills)
-
General
The face amount
Payment for accepted tenders must be made or completed
They are issued in
on the date of issue, in cash or other immediately available
bearer form only, and in denominations of $10,000, $15,000,
$50,000, $100,000, $500,000, and $1 000 000 (maturity value).
funds or in a like face amount of Treasury bills maturing on
that date.
Tenders are received at Federal Reserve banks and branches.
may not be made by credit in Treasury tax and loan accounts.
Treasury bills are sold on
a
bid basis.
is payable without interest at maturity.
,
,
Ea 3h tender must be for a minimum of $10,000.
Tenders over
Foreign Series and Foreign Currency Series
$10,000. must be in multiples of $5,000.
Banking institutions
account of customers.
generally may submit tenders for
Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized dealers
in investment securities.
from others must be accompanied by payment of
Payment for 13-week, 26-week, and 52-week bills
Tenders
2 percent of
the face amount of bills applied for, unless thetenders are
Foreign series securities issued in August totaled $353
million, consisting of two bills and two certificates of indebtedness.
Redemptions for the month totaled $7^3 million.
At the end of August, foreign series securities outstanding
(Details are shown on page 55.)
totaled $19,368 million.
Foreign
currency
series
securities issued in August
accompanied by an express guaranty of payment by an incorp-
consisted of two notes denominated in Swiss francs equivalent
orated bank or trust company.
to $69 million.
Noncompetitive tenders (without stated price), usually
Redemptions for the month also totaled
equivalent of $69 million.
At
the
end
an
of August foreign
for $500,000 or less from any one bidder, for each issue of
currency series securities outstanding totaled an equivalent
13-week, 26-week, and 52-week bills, are accepted in full at
of $1,599 million and were all denominated
the average price of accepted competitive bids for an issue.
(Details are shown on page 58.)
Note:
Details of Treasury market financing operations are
sham elsewhere
in tables on public debt operations.
in Swiss francs.
September 1976
.FEDERAL FISCAL OPERATIONS.
Table FFO-1.
-
Summary
of Fiscal Operations
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS^
Footnotes to Table FFO-1.
Source:
Jfonthly Treasury Statement of Receipts and Outlays of the United
States Covemoient.
Note:
Revised Budget estimates based on the 1977 Budget update, released
July 16, 1976, are not available In the necessary detail, except for
total net Budget receipts, outlays, and deficit. Other estimates are
based on the 1977 Budget of the U.S. Government, released January
21, 1976.
For detail see Table Fro-2.
For detail see Table FFt)-3,
2/ As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the budget presentation.
For detail see Table Fro-6.
Current fiscal year to date transactions through June 30, 197/,, are
on the Dally Statement of the U.S. Treasury clearance date basis
and are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions In transit as of June
For amounts la transit see Table FFD-10 in the October 1974
30.
Bulletin.
As
of
July 1974, balances shown under "Within general account of the
6/
2/
S/
2/
12/
il/
U.S. Treasury" are now presented in columns
9, 11, and 13.
Represents holdings of special drawing rights, leas certificates
issued to Federal Reserve banks.
Represents activity of the International Monetary Fund.
Includes: public debt accrued Interest payable to the
jiublic
deposit funds, miscellaneous asset and liability accounts,
and'as of
July 1974, the gold balance.
Includes: Seigniorage; increment of gold; fiscal 1969
conversions of
certain corporations to private ownership; fiscal
1970 reclassification of Commodity Credit Corporation certificates of
interestfiscal 1974 conversion of interest receipts of Government
accounts
to an accrual basis; and net outlays of off-budget
Federal agencies
(Export-Import Bank since August 17, 1971, rural electrification
and
telephone revolving fund since May 12, 1973, Postal Service
fund
since July 1973, Federal Financing Bank since July
1974, housing
for the elderly or handicapped fund since August
22, 1974, and Pension Benefit Guaranty Corporation since September
17 1974)
For detail, see Table FD-6.
Not available.
r Revised.
•
Less than $500,000.
Title V of the Congressional Budget Act of 1974 (Public Law 93-344)
changed the fiscal year from July 1 through June 30 to Cot. 1 through
Sept. 30, oorameneing with the fiscal year 1977 (Oct.
Sept. 30, 1977).
period from July
I
I!
.
1977.
1,
1976, through
The act also established a 3-month transitional
1
through Sept. 30, 1976, between fiscal years 1976
Budget estimates for the transition
tables FPO-1 throvirh FFO-4. and FFO-6.
quarter are Included
n
. .
.
,
.
J
'
September 1976
.FEDERAL FISCAL OPERATIONS.
Table
FF0-'2.
-
Budgt-t HociMpts by Source
(In raUllona of
doHnro)
Inoomo
Nfl,
1.11X00
ImllvWunl
Cnrporotlon
Net.
or month
*Uliliolil
149,552
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
90,521
>7,301
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
(Eot.)
82,132
1977 (riot.)
352 ,466
37,221
168,482
l')b7
1968
1969
1970
1971
1972
1973
1974
1975
ic)76
T.Q.
Othor
1/
^
Roftindo
18,850
20,951
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
7,845
9,527
10,191
13,240
14,522
2V,JbV
122,386
131,601
29,89/
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
3,664
19,887
882
i4,'«8
40,00!
151,641
9,543
55,270
1,127
9,615
1,818
1,045
6,277
1,694
1,072
6,884
471
425
264
21H
15,248
6,157
16,037
1,771
1,20J
6,485
6,727
422
021
607
1,396
10,391
U,20]
1,885
488
4,809
589
10,19'.
.'81
l.v,
10,738
'71
Id'l
9,519
10,946
11,385
10,OJ7
10,755
',"4.1
111.
933
2,532
12,723
4,100
8,646
7,5L?
May,.
Juno .
25,634
20,845
20,431
33,348
22,679
37,615
573
5,1'a
ii,:;ji
'i,27'3
4<xi
.Iul.v..
22,660
10,731
1,111.;!
Dfi-...
UW.-.Inn...
Voh...
Uin-...
Apr ,
.
Employiiiont
Qld-oKo, dtnnbllUy, nnd
honpltal IndUrontM?
Grooo
1967
1968
.'7,328
1969
1970
1971
!3,')'.f.
.''8,672
in, 1.00
41, .'37
1972
1973
1974
1975
1976
4'%'''i9
'4,1'.6
(,'),016
'/4,(I7'.
78,792
T.Q.
(Knl..).
l'//7
(Kill..).
'V,,'-y)
.'.".-.luly.
282
263
605
386
518
447
479
530
360
408
27,046
28,409
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,299
94,041
7,838
GopI,,
'.,K0«
Oct..
4
Nov
i.,r,;'f'
,
.
''
,
.',
)7
').'
3
'',11,1'
r.,'.';5
5,M17
5,917
\\,'rn
')4(i
Itftllroiifl
')7,
HoI"undri
777
815
885
920
981
Not
rib
814
885
1,412
1,490
919
980
1,008
1,189
1,411
1,489
1,'..Z5
1.5.-"J
1 ,(lt)9
1,1'X>
1
(W
1.'
1,927
.',.•08
1
1,-7,1
1,535
2,'?60
i.'.li..
2,893
3,125
5,125
5,374
38,6.'li
40, (.,'1
41,40"
8,41t.
49, 4M
I','
l,iU
I
.',!', .'.I'l
'Hi
In,
1,367
620
6,013
873
673
6,530
10,982
11,023
19,623
391
1,553
781
5,863
6,119
1,016
io,oai
16,829
8,560
11,135
21,367
7,172
26,036
372
1,513
12,714
8,>1
,
399
3'V,
180
ll,'i;'6
11,027
17,730
Lonti
Unoin|)l.j.viiionl.
I'otlrnmnnl. iiouounln
95,49"/
1,.').:
I,(i60
Lnxoa und oontributlonti
Inian'nnon
N"t
Nil
nmpLoymont.
InxoR nnd
uontrtbutlonii
I,
iittuiiipUiytnent
Lnriurnnno
27,823
29,224
34,236
39,133
41,699
46,120
4
3,665
3,351
3,335
3,471
3,659
3,346
3,328
3,46/,
3,68;'
3,674
,
370
6,
WO
>'i,357
54,8'/6
65,892
75,204
6,861
6,804
8,085
79, "309
430
21, /29
,'m
')fi,(118
16
July.
end of tuble
nnd aontrlbut
17
'J,.'H«
lit
tttxofi
247
-3
Apr.
Muy.
Juno,
itrioteiJ
Innupnnoo
17
','}:'.'}
7,'>3.-'
15,276
7,778
5,272
247
-3
M/ir.
i',;l3
13,609
10,653
10,354
11,200
7,838
5,808
4,537
6,628
4,923
5,748
8,313
5,929
7,932
9,288
6,14V
.
10, 40
-81^
Not
'j,.'-"V
Aui; .
1976.Jiin.
Fob.
Ho fund
86,230
94,737
103,246
Ul
floolnl
KIgcqI yonr
or month
'K),412
4*
90Kr
9,205
10,246
9,182
9,983
Aup. .
Sopt.
Oct...
Nov. .
14,918
118, 9'..;'
20,056r
23,584
28,615
19,316
21,745
25,995
1975-Jul,v.
61,526
68,726
87,240
IftXOd
Net
nruiiti
1
6,051
6,837
6,771
8,054
2,220
2,214
2, 099
l.',or,4
5,309
8,058
5,805
447
444
1,25'3
14
14
/.,551
261
272
137
272
137
6,900
3,060
71'/
111
1,256
73
239
716
110
h
254
5,763
8,367
224
694
223
693
IV
142
6,0r/l
140
79
79
203
145
203
145
20
20
8,01
77
'
1
9,491
6,292
5,037
» .-
;,74'.'
248
726
i;i9
952
2,940
234
7:'i
.
..
.
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Source-Continued
(In
Social insurance tajees and contributions
Net contributions for other
insurance and retireroent
Fiscal year
or month
Federal
Federal
suppleemployees
mentary
retirement
medical
insurance
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Other
retlreioent
647
698
903
936
1,253
1,340
1,427
1,704
1,901
1,937
1,201
1,334
1,426
1,735
1,916
2,058
2,146
2,302
2,513
2,760
19
20
24
29
37
39
Total
minions of dollars)
- Continued
Excise taxes
Miscellaneous
Net
social
insurance
taxes and
contributions
Refunds
9,461
9,827
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
127
96
167
133
1,056
158
141
150
54
33,349
34,622
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
Ul
9,278
9,700
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
13
52
1,231
4,970
25,174
113,052
2,416
10,397
36
147
2,380
10,250
246
1,056
11
11
16
854
493
124
1,411
a
45
52
(Est.)
528
2,162
690
2,756
1975- July.
Aug...
Sept..
Oct...
Nov. .
Deo...
160
134
174
160
164
158
212
235
223
227
211
230
375
372
400
395
377
395
6,128
9,713
6,280
5,206
7,994
5,565
865
504
1,427
905
1,120
851
1976-Jan.
.
270
Feb.
.
167
163
Mar...
Apr. .
May...
Jxme.
170
160
159
167
259
220
216
254
442
370
435
386
380
425
6,430
9,631
6,635
9,349
12,811
6,971
766
965
832
877
746
896
July..
178
226
408
7,068
886
203
Estate and gift taxes
Excise taxes - Continued
High'ffay
T.Q.
(Est,
1977 (Est,
1975- July,
Aug..
Sept,
Oct.,
Nov..
Dec.
1976-Jan.
564
650
760
563
649
758
840
842
964
940
962
938
245
1,054
88
123
42
85
45
82
42
85
12
893
10
1,110
839
46
751
957
804
882
87
75
82
734
884
87
75
82
81
53
94
875
92
94
92
13
14
9
28
-5
12
12
Customs duties
82
81
53
Net miscellaneous receipts
Deposits of
earnings by
Federal
Reserve
banks
Net
excise
taxes
4,652
4,493
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
212
114
224
32
123
313
153
123
146
152
1,747
6,662
1
160
572
778
-23
485
321
561
5,a3
13,719
14,079
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
3,014
3,082
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,746
6,502
4,371
17,806
1,420
5,880
572
1,514
1,394
1,430
1,462
1,476
1,482
509
437
438
401
436
392
406
481
464
397
495
450
463
4,441
4,379
4,637
5,354
5,542
5,322
5,665
6,260
6,188
778
-23
485
321
561
496
340
471
496
106
496
323
458
390
June.
545
523
2
13
543
511
1,335
1,354
1,344
1,353
1,329
1,489
July.
543
543
1,510
Feb..
Uar..
Apr..
May..
183J
trust fund
Fiscal year
or month
1967
1968
1969
1970
1971
1972
1973
1974
19^5
1976
Gross
1,867
2,052
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1977 (Est.)
T.Q.
Airport and airway tnjst fund
18
13
%
All
other
Total
:
September 1976
.FEDERAL FISCAL OPERATIONS,
LU
O
O
<
Io
I-
I—
CT>
MJ
ro
tr S
</5
—
.
.
,
.
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-3.
Budget Outlays by Agency
-
(In millions of dollars)
Fiscal y^ar
or month
Legislative
branch
Executive
Office
of the
President
The
judiciary
4,052
11,135
2,
24,455
99,985
728
2,211
34,468
143,542
2,642
7,524
2,714.
38
1
6
5
58
65
71
21
21
20
27
41
1,264
530
991
790
727
1,044
239r
80
81
395r
617
-35
156
487
436
7
8
7
6
994r
958
1,201
1,119
637
1,404
IX
165r
190
212
201
192
213
10,150
10,152
7,272
6,792
10,781
10,759
11,628
11,131
10,485
111319
1,255
591
-901
7,246
128
142
160
153
164
204
168
11,234
1,373
43
73
71
29
29
58
1,248
199
153
166
162
151
239
387
173
67
36
1,109
July...
State
Departs
ment
1/
419
10,100
43,900
2,063
1,190
6,979
5,346
1,188
4,613
2,901
2,904
2,973
3,043
3,046
3,130
l,386r
1,713
154
297
191
273
255
333
329
288
223
238
256
251
278
302
-176r
30
117
1,112
838
948
1,275
1,059
1,059
105
993
749
1,056
718
1,234
3,193
3,093
3,207
3,209
3,223
3,143
1,056
217
411
1,960
310
-194
280
361
331
322
339
457
261
274
315
268
219
233
-120
55
945
3,754
1,^42
233
439
-130
1,078
Source:
-327
National
AeroGeneral
nautics
Services
and
AdminisSpace
tration
Admin.
12,841
(Est.).
1977 (Est.).
July.
Interest
on the
public
debt 1/
Environmental
Protection
Agency
31
275
6,792
6,674
8,512
7,272
844
1,061
402
Feb..
Mar..
Apr.
Hay..
June.
Energy
Research
and
Devlp.
Admin,
6,951
7,622
2,264
2,466
2,450
2,453
2,275
2,392
2,393
2,307
3,198
3,759
-^30
1976- Jan.
5,428
5,732
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
Treasury
Department
l;%
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
424
437
448
468
568
591
Dec.
Transportation
Department
71r
111
117
219
63
3,402
895
42
30
233
82
336
206
-19
-19
701
763
1,114
2,032
2,530
3,118
Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on the
1977 Budget update of the U.S. Government, released
July 16,. 1976.
Note:
ftitiays consist of disbursements less proprietary receipts from
the public and certain intra budgetary transactions. Agency shifts are
shown in this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
i/ Cumulative year to date figures may not add due to budget realignments.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for
884
7,038r
7,553
6,877
7,911
7,019
7,458
1,309
535
999
930
2,
183
154
139
148
166
161
413
407
-99
306
670
1975- July.
Aug..
Sept.
Oct..
Nov.
6,075
21,068
2,168
4,51P
94
-354
1972
1973
1974
1975
1976
617
2,261
19
74
536
377
53
1
1969
1970
1971
3,286
3,272
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
49
75
93
79
22
1967
1968
4C3
430
515
640
916
1,180
1,531
1,797
2,067
2,242
1,136
225
1,256
-2,236
-4,881
2,162
2,293
55
59
72
Fiscal year
or month
432
235
837
in
4,140
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
65
.
Justice
Department
34,608
40,576
46,594
52,338
61,866
71,779
82,042
93,735
112,411
128;785
28
28
31
36
47
86
91
Feb.
Mar.
Apr, ..
May...
June.
.
Interior
Department 2/
1,310
1,300
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
236
978
.
Housing u
Urban Development
Department
67,453
77,373
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
(Est.)
1977 (Est.)
T.Q.
5,8U
Military
1/
Health,
Education,
4 Welfare
Department
726
807
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
109
128
142
173
183
205
284
325
1976- Jan.
Commerce
Department
7,307
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
240
255
277
340
384
487
540
625
726
779
1975- July..
Aug...
Sept..
Oct...
Nov..
Dec...
Agr iculture Department
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1967
1968
1969
19^0
1971
1972
1973
1974
1975
1976
T.a.
Defense Department
Funds appropriated
to the
President
1/
131
413
425
446
501
589
468
-276
-624
-92
11
-613
76
-100
41
88
44
57
-127
26
71
Veterans
Administration
10,
a4
10,574
10,502
10,890
Other
independent
agencies
5/
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
6,845
6,858
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
908
3,675
4,370
17,754
368
310
313
312
325
326
1,364
1,449
1,333
1,515
1,623
1,699
260
291
307
293
279
286
344
6,554
7,337
4,890
7,246
8,879
9,886
11,449
12,945
17,255
18,286
Labor
Department
2,259
2,220
2,119
1,914
135
223r
167
176
185
165
215
209
136
177
208
78
188
148
183
189
172
188
194
172
193
2,367
2,172
2,498
2,107
i;883
2,035
1,125
253
215
1,909
282
276
185
216
443
1,883
2,285
Undistributed Offsetting
Receipts 2/ 6/
Rents and
Royalties
on the Outer
Continental
Shelf lands
-2,428
-2,662
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
158,254
178,833
184,548
196,588
211,425
231,875
246,526
268,392
324,601
365,610
-500
-4,000
-3,102
-12,029
399,973
l,306r
2,644
1,383
1,630
1,277
1,345
-51
-221
-33
-43
-50
-147
-1,043
-850
-1,035
-991
-837
-1,074
31,10Sr
30,634
29,044
32,425
29,401
31,792
1,627
1,689
1,031
1,071
-378
-50
-1,063
-791
30,725
29,833
1,674
1,618
1,569
1,254
1,310
1,748
1,578
1,437
-736
-414
-1,078
-1,038
-495
-45
-953
-1,323
29,054
32,476
28,410
30,567
1,351
2,101
-1,072
33,906
5,104
21,88ft
102,110-
the Interior Department.
To conform with the FY 1976 Budget Document'
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
1/ Reported on an accrual basis.
Pursuant to Public Law 93-438, the activity for the Atomic Eoergy
Commission other than nuclear regulatory and reactor safety research
was transferred to the Energy Research and Development Administration,
Includes the U.S, Postal Service.
For content see Table FFO-'i.
Revised.
%
September 1976
.FEDERAL FISCAL OPERATIONS.
Table FFO-4.
-
Undistributed Offsetting Receipts
Treasury Bulletin
8
.FEDERAL FISCAL OPERATIONS.
^X>
r
September 1976
.FEDERAL FISCAL OPERATIONS.
0)
1
9
a
o
U
I
a
o
p
s
CO
3
o
be
T3
3
PQ
O
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.
-
Investment Transactions of Government Accounts in Federal Securities (Net)
11
September 1976
.FEDERAL FISCAL OPERATIONS,
to
05
"a
J3
be
3
O
OS
-a
a
3
3
O
Treasury Bulletin
12
.FEDERAL FISCAL OPERATIONS.
_
-
OOr^.
Oai'TSviJO^OvOr^nj
C^ooto^O.-ifHf^'Hnicy
r^r^
oj
o^r^r^^fy
a
u
O
'u
0)
3
C
at
bo
<
-s
El.
0)
«
o
a
OS
Q
I
=9
o
OS
^
C
_
I
_
_
C^ ^0
t^ CO >r fy c^
to iH r^
i-H
to
»r\
O
o
CO
13
September 1976
.FEDERAL OBLIGATIONS.
"Obligations"
are
the 'basis on which the use of funds
is controlled in the Federal Government.
They are recorded
at the point at which the Government makes a firm commitment
to
acquire
of categories which are based upon the nature of the transaction without regard to its ultimate purpose.
for salaries
and wages, for example,
are
All payments
reported as per-
goods or services and are the first of the four
sonnel compensation, whether the personal services axe used
— which
in current operations or in the construction of capital items.
key events--order,
delivery,
payment,
consumption
characterize the acquisition and use of resources.
In gen-
eral, they consist of orders placed, contracts awarded, ser-
Federal agencies
ajid
firms often do business with one
vices received, and similar trtmsactions requiring the dis-
another; in doing so, the "buying" agency records obligations,
bursement of money.
ajid
the "performing" agency records reimbursements
.
In Table
FO-1, obligations that are incurred within the Government are
The obligational stage of Government transactions is a
strategic point
in
gauging the
impact of the Government's
distinguished from those incurred outside
Tables FO-2, 3,
the
Government.
k show only those incurred outside.
£Uid
operations on the national economy, since it frequently represents
for
business firms the Government commitment which
stimulates business investment, including inventory purchases
Obligation data for the administrative budget fund accounts were
first
published in the September I967 Treasury
Bulletin and the trust fund accounts were first published in
and employment
months
after
of labor.
Disbursements
may not occur for
the Government places its order but the order
the October
I967 Bulletin.
Bulletin, the data are
itself usually causes
inmediate
pressure on
the
on
Beginning with the April I968
the basis of the budget concepts
private
adopted pursuant
to
the recommendations of the President's
econon^.
Obligations
are
classified according tn a uniform set
Commission on Budget Concepts.
The April 1976 through July 1976 Obligations data are not included
In this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
:
Treasury Bulletin
14
.FEDERAL OBUGATIONS.
Table FO-1.
-
Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, March
1976
31,
(In millions of dollars)
Gross obligations incurred
Object class
Within
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel.
Contractual services and supplies
Travel and transportation of persons.
Transportation of things
Rent, communications, and utilities..
Printing and reproduction
Other services
Suppl ies and materials
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered
Gross obligations incurred 1/.
1,583
2,820
4,121
617
35,234
27,273
12,619
3,016
10,569
4,669
424
457
17,288
3,439
11,027
66,459
102,543
22,388
1,092
86
27
7,52-
66,545
102,570
29,911
1,092
-2,374
5,046
974
1,152
-1,400
6,197
143
1
145
316,257
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress. Summary figures on this basis
follow.
(This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
-
317
25,135
18,232
1,237
1,859
301
10,099
9,041
1,193
l,58i
2,261
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities
Interest and dividends
Refunds
Table FO-2.
34,555
5,671
8,966
74,555
2,512
8,966
357,656
'.I.
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)
Deduct
Advances, reimbursements, other income, etc.
Offsetting receipts
357,656
-58,191
-36,886
Net obligations incurred
262,570
Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, March
31,
1976
(In millions of dollars)
Major object class
Personal
services
and
benefits
Major function
Contractual
services and
supplies
Acquisition of capital assets
Equipment
Lands and
structures
Investments
and loans
1,421
Grants
and
fixed
charges
Other
251
4,651
80,o23
417
401
2,151
29,592
33,883
10,825
International affairs
365
604
21
General science, space, and technology.
583
2,449
36
2,010
2,579
1,354
851
3,173
-5
486
1,027
7
8
3,271
1,293
-169
5,923
2,181
1,221
148
428
3,468
5,820
-2,482
10,784
Community and regional development
373
231
4
63
2,601
10,180
-2
13,450
Education, manpower, and social service
554
479
13
2
4
12,500
2
13,553
Health
1,037
1,899
18
14
63
21,689
-7
24,714
Income security
2,519
1,061
9
*
299
93,531
Veterans benefits and services
2,260
780
125
12?
15,514
424
19,325
834
257
22
1?
695
2
1,827
3,238
2,238
37
9
359
1
5,882
National defense
Natural resources , environment
energy
,
Commerce and transportation
General government
General revenue sharing
1
Interest
Total
•
Less than $500,000.
3,433
294
and
Agriculture
Law enforcement and justice
335
4S,7.';2
12,619
3,016
10,560
9,994
97,420
5,415
5,456
?1, i51
,;i,7:'i
192,482
2,815
16,257
September 1976
15
.FEDERAL OBUGATIONS.
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Treasury Bulletin
16
.FEDERAL OBUGATIONS.
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11
September 1976
ACCOUNT OF THE
U.S.
TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
Treasury, banks are permitted to deposit in these accounts
entered
proceeds from subscriptions to public debt securities
mainly in
The working cash of the Treasury is held
branches.
Treasury's accounts with Federal Reserve banks and
of their
for their own account as well as for the account
depleted, they are
As the balances in these accounts become
from the tax and
funds
by calling in (transferring)
customers.
restored
to
The tax and loan account system permits the Treasury
arise
leave funds in banks and in the comraunities in which they
throughout
loan accounts with thousands of commercial banks
the country.
its operauntil such time as the Treasury needs the funds for
the
neutralize
to
able
is
Treasury
In this way the
tions.
normal
Deposits to tax and loan accounts occur in the
to all
applicable
procedure
of business under a uniform
course
tax paybanks whereby customers of banks deposit with them
securities.
ments and funds for the purchase of Government
transfer of
the
merely
involves
In most cases the transaction
account in
loan
money from a customer's account to the tax and
On occasions, to the extent authorized by the
the same bank.
Table UST-1.
-
and the
effect of its fluctuating operations on bank reserves
economy.
depositary system
A detailed description of the Treasury's
of the
may be found in the Annual Report of the Secretary
Treasury for 1973, pages 282-285.
Status of the Account of the U.S. Treasury
(In millions of dollarE
Treasury operating balance 1/
End of
fiscal year
or month
Federal
Reserve
banks
1,311
1,07A
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,975
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Spec ial
depositaries.
Treasury tax
and loan
accounts
taries 2/
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,475
2,854
139
106
88
343
7
10,117
12,576
9,159
7,591
1A,836
577
352
393
355
419
252
243
276
369
235
5,928
6,633
149
161
3,423
10,765
10,327
6,485
8,452
225
147
135
109
162
11,982
12,039
8,016
11,537
8,159
14,836
183
168
10,054
11,702
135
118
5,695
5,298
5,894
8,045
8,755
1974-Dec .
1975-Mar..
3,113
4,271
2,745
2,142
1975- Aug..
Sept.
Oct..
Nov..
EEC..
2,349
8,074
8,517
4,919
7,286
1,214
2,162
1,251
1,558
1,159
-141
529
559
1976-Jan .
Feb..
Mar..
Apr..
May..
10,077
10,350
7,145
9,808
6,746
11,975
1,899
1,682
864
1,723
1,407
2,854
7
7
7
July
Aug
8,741
10,794
Federal
Reserve
banks
Other
deposi-
70
220
June.
Funds in proces
of collection
through:
Available funds in
demand accounts at;
1,3U
907
9
7
7
7
7
Bureau of Government Financial Operations.
Source:
balance excludes the
1/ Effective January 1972, the Treasury operating
gold balance in Treasury.
that havE
2/ Represents deposits in certain coimnercial depositaries
been converted from a time deposit to a demand deposit basis to
management.
permit greater nexibility in Treasury cash
147
450
163
235
Time deposits
and other
Other
depositaries
depositary
accounts
179
117
135
76
55
79
97
85
108
V
Balance in
account of
the U.S.
Treasuiy
,159
62
768
86
104
121
108
129
70
553
112
111
112
111
109
107
7,759
6,694
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
23
184
599
717
24
75
6,802
7,867
-179
-196
757
776
818
848
868
100
49
4,412
11,649
11,375
7,608
9,591
907
878
878
89
9
52
9
153
89
56
152
56
7
^
items
Gold
balance
54
41
19
35
70
86
3/
Miscellaneous
277
441
471
586
602
752
819
43
-H
currency
and coinage
metal
^
266
190
158
218
187
55
Coin,
4
-296
-298
40
54
46
50
52
71
49
36
33
83
70
879
852
819
46
50
201
206
787
741
-2
-3
107
106
13,321
13,214
8,834
12,803
9,316
16,065
11,167
12,751
Treasury
Represents funds in process of collection by (a) the U.S.
to defer credit
and (b) commercial banks which have been authorized
included in
until checks are collected. Data prior to January 1972
"miscellaneous Items" column.
funds with
available
converted
to
readily
The free gold balance can be
Federal Reserve banks
.
.,
.
Treasury Bulletin
18
Table UST-2.
-ACCOUNT OF THE
U.S.
Analysis of Changes
in
-
TREASURY
Tax and Loan Account Balances
(In millions of dollars)
Balance
Proceeds from sales of securities 1/
Furing period
Fiscal year
or month
Savings
bonds
and
savings
notes 2/
1967
196S
1969
1970
2,783
2,673
2,599
2,573
1971
1972
1973
1974
1975
1976
3,309
3,261
3,095
3,366
3,676
2,8«
1974-Dec
1975-Mar.
247
299
1975 -Aug..
275
262
272
265
261
Sept.
0:t..
Nov..
Dec.
1976- Jan..
Feb..
Mar..
Apr..
May..
June.
351
336
361
349
336
299
Retirement
Plan and
tax and
loss
bonds X/
Tax
anticipation
securities
7,643
9,538
10,408
13,043
6,954
6,443
4,413
8,255
1,514
39
WlttLheld,
excise
and corporation i/
1,173
9,576
5,417
3,640
12,421
9,369
6,158
817
1,383
bj
Income (by
special
.
.
ne.
Withdrawals
End of
period
arrangement) 5/
70,524
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
9,257
High
Average
91,382
112,583
142,333
151,721
153,346
164,920
185,669
209,267
234,412
226,877
97,160
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
9,979
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
,737
800
520
7
67
1,394
20,857
21,526
21,143
21,825
19,957
20,095
2,749
2,140
3,851
3,735
371
64
2,097
1,392
15,822
20,194
15,188
15,220
21,646
16,097
20,456
15,460
15,485
21,907
15,766
19,506
16,370
15,181
22,29°
1,211
2,161
1,251
1,555
1,163
1,602
3,029
2,954
2,193
4,063
67
68
702
885
352
1,499
1,373
1,394
1,631
15,718
17,296
22,239
22,202
17,860
26,543
IbjOi^Q
15,327
17,859
23,410
21,696
18,518
25,387
W5
17,632
22,600
22,551
18,196
26,842
1,673
868
1,723
1,401
2,856
2,202
2,963
3,233
2,690
2,789
4,260
249
1,137
457
232
693
351
1,311
1,959
1,410
1,058
1,501
1,793
17,613
18,474
16,792
2,51Q
2,912
290
287
1,200
July.
A>if
Tota;
credits
Source:
Office of Fiscal Assistant Secretary; figures
are on basis of
telegraphic reports
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government
securities
purchased by them for their own account, or for the account
of their
customers who enter subscriptions through them, when this
method of
payment is permitted under the terms of the circulars Inviting
subscriptions to the issues.
2/ United States savings notes first offered for sale as of May
1 ' 1967
and were discontinued after June JO, 1970.
1/ Retirement plan bonds first offered for sale as of Januaiy 1 1963'
tax and loss bonds first issued in March 1968.
'
V- Taxes eligible for credit consist of those deposited by taxpayers in
l'',Q2?
5/
6/
19,472
1°,190
1
,
,312
914
no
,029
70'"!
894
846
3,775
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
605
1,.',''^
the depositary banks, as follows: Withheld income
taxes beginning
March 1948; taxes on employers and employees under
the Federal Insurance Contributions Act beginning January
1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number
of excise taxebeginning July 1953; estimated corporation
income taxes beginning
all^'^O'Toration income taxes due on or after March
15, 1968
= rLi!
and
FUTA J'
taxes beginning April 1970.
Under a special procedure begun in March
1951, authorization was given
during certain periods for income tax
payments, or a portion of them
made by checks of 310,000 or more drawn on
a special depositary bank
to be credited to the tax and loan account in
that bank
Thx': crocel
dure was discontinued in April 1967.
Credits erroneously allowed in one Federal
Reserve district
19
September 1976
.
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY
Gold Assets and Liabilities of the Treasury
(In millions of dollars except oionces)
End of calendar year or month
,
)
Treasury Bulletin
20
.MONETARY STATISTICS.
Table MS-1.
I
End of
fiscal year
or month
-
Currency and Coin in Circulation
In millions of dollars except per capita figures
21
September 1976
.FEDERAL DEBT.
Table FD-1.
\
-
Summary
of FederalDebt
(In millions of dollars)
Amount outstanding
fiscal year
or month
Total 1/
I
Public
debt
securities 1/
Securities held by:
Government accounts
The public 2/
Agency
securities
Public
debt
securities
Agency
Total
Agency
securities
Public
debt
securities
securities
382,603
409,467
437,329
468,426
486,247
544,131
631,285
322,893
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
73,819
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
71,809
76,138
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
2,010
3,001
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
267,529
290,529
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
251,084
269,231
268,080
274,924
294,417
314,975
333,932
335,029
387,905
470,821
16,445
21,398
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,898
503,987
520,687
492,664
509,659
11,323
11,028
143,184
140,403
141,207
138,458
1,976
1,944
360,804
380,284
351,457
371,201
9,347
9,083
549,159
558,637
564,582
572,929
577,726
587,553
538,240
547,711
553,647
561,999
566,799
576,649
10,920
10,926
10,935
10,931
10,928
10,904
144,453
146,742
144,224
140,828
139,689
141,300
142,511
144,783
142,265
138,868
137,731
139,343
1,941
1,959
1,958
1,959
1,958
1,955
404,707
411,895
420,358
432,102
438,037
U6,253
395,728
402,928
411,381
423,130
429,067
437,305
8,978
8,967
8,977
8,971
8,970
8,947
584,405
593,871
600,490
601,973
610,672
620,432
10,902
10,907
10,901
10,870
10,861
10,853
ia,234
ia,733
May.
June
595,307
604,777
611,391
612,843
621,533
631,285
141,026
141,080
145,660
151,566
139,279
139,776
139,067
139,122
143,704
149,511
1,956
1,957
1,959
1,958
1,956
1,955
454,072
463,045
470,365
471,763
475,872
479,719
445,127
454,095
461,423
452,851
455,968
470,821
8,946
8,950
8,942
8,912
8,904
J'-ily.
635,260
624,546
10,714
149,576
147,626
1,950
485,683
476,920
8,764
1967
1968
1969
1970
1971
1972
1973
197A
1975
1976
341,348
369,769
1974- Dec.
367,
197 5- Mar.
1975 -July
Aug.
Sept,
Oct.
Nov.
Dec.
1976- Jan.
Feb.
Mar.
Apr.
U4
Monthly Treasury Statement of Receipts and Outlays of the United
Source:
States Governinent.
1/ Amounts of public debt securities outstanding have been adjusted to
Table FD-2.
-
Computed
Interest
2/
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the. source for this table.
Includes holdings of Federal Reserve Banks.
Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
Total
End of
interest
fiscal year
or month
bearing
public
debt 1/
Computed
annual
interest
charge 2/
Computed annual interest rate
interest-
bearing
public
debt 1/
Treasury J/
4.998
5.083
5.514
5.368
6.689
5.560
5.494
6.687
6.700
6.598
5.548
7.181
7.214
7,247
7.262
7.270
5.436
5.441
5.444
5.530
5.533
5.ao
5.a2
6.759
6.774
6.777
6.742
6.770
5.275
6.058
5.935
5.792
5.796
5.819
7.274
7.347
7.323
7.324
7.377
7.352
5.537
581
586
591
.649
.554
5.399
5.097
5.125
5.432
5.444
5.452
6.713
6.727
6.708
6.702
6.700
6.789
5.770
5.754
7.350
7.387
.677
.799
5.472
5.459
6.841
6.880
491,561
508,581
32,538
32,541
5.773
6.459
7.216
6.757
8.185
7.052
1975 -Aug.
Sept
Oct.
Nov.
Dec.
546,722
552,604
561,063
565,791
575,657
35,184
35,909
36,570
36,721
37,335
6.496
6.560
5.581
6.554
6.551
5.698
5.797
5.826
5.795
6.776
197^Jan.
581,861
592,874
599,224
500,927
508,077
519,254
37,287
37,878
38,081
38,081
38,601
39,494
6.470
6.449
5.415
5.382
5.407
6.436
6.566
6.625
6.568
5.518
6.551
6.559
Aug.
523,580
532,291
39,828
40,578
6.445
6.474
6.555
6.589
^
6.960
1974-Dec.
197 5- Mar.
July
Government
account
series
5.925
.559
4.360
5.711
6.508
7.340
4.516
4.188
5.591
8.415
6.253
5.819
May.
June
V
5.529
7.058
7.352
4.039
4.499
4.891
5.557
5.141
5.093
5.872
6.560
6.352
5.435
533
Other
5.S54
4.133
4.555
5.235
5.375
5.475
5.880
6.430
6.514
6.789
12,953
15,404
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
210
099
129
030
Certificates
5.745
3.876
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
322 ,285
344 401
351 ,729
369 ,026
396 289
425 ,360
455 353
473 ,238
532 122
619 ,254
165
757
232
985
Federal
Financing
Treasury
bonds
3.685
3.681
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
1957
1958
1959
1970
1971
1972
1973
1974
1975
1975
Feb.
Mar.
Apr.
Nonmarketable
Marketable issues
Total
Source:
Bureau of Government Financial Operations.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
end of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May 1950).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual rate is computed
by dividing the computed annual interest charge for the tO"Ldl, or lor
any group of issues, by the corresponding principal amount.
Beginnijig with data for December 31, 1958, the computation is based on
5.250
5.764
5.294
5.668
6.420
6.519
6.312
6.a2
8.631
1/
2/
j/
^
^
5.415
5.418
5.407
the rate of effective yield for issues sold at premium or discount.
Prior to that date it was based on the coupon rate for all issues.
As of July 1974, includes Federal FinanoliigBank.
Excludes Federal Financing Bank.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts previously shown as special issues.
Treasury Bulletin
22
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
.
,
23
September 19 J 6
.FEDERAL DEBT.
Table FD-5.
-
Government Account Series
(In millions of dollars)
Airport and
Airway
trust fund
End of
fiscal year
or month
Aug.
End of
fiscal year
or month
Federal
old-age and
survivors
insurance
trust fund
1,192
1,259
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
l'i',040
9,068
9,259
33,623
34,195
9,597
9,976
9,702
9,409
10,450
35,550
34,772
33,063
32,949
32,772
119,073
116, ei2
1,387
1,651
2,538
2,579
457
1,079
31,250
31,105
7,813
7,639
124,084
121,865
118,220
117,486
119,385
2,065
2,073
2,117
2,116
2,201
1,461
1,467
1,473
1,480
1,485
1,657
1,689
1,578
1,840
1,832
35,226
35,000
34,781
34,546
35,451
7,453
7,411
7,041
6,792
7,041
600
908
1,201
119,041
120,105
119,43?
119,453
124,570
130, 557
2,256
2,292
2,338
2,382
2,400
2,529
1,491
816
1,501
1,503
1,507
1,512
1,956
2,354
2,352
2,327
2,671
2,692
35,290
35,064
34,907
34,635
34,361
40,383
6,823
6,672
6,598
6,602
6,519
6,616
1,485
1,690
1,704
1,717
1,715
1,712
10,348
10,398
10,525
10,552
10,429
10, 892
31,929
32,927
32,232
32,929
34,800
33,891
128,912
130,591
2,588
2, 649
1,518
1,522
2,770
3,562
40,095
39,928
6,362
6,210
1,738
10, 656
32, 639
10,643
33,988
1975 -Aug.
Jxjne
—5t-
Federal
hospital
insurance
trust fund
,367
,692
1974 -Dec
1975-Mar.
July,
Federal
Federal Home
Energy
Loan Banks
Administration
878
1,936
2,529
130, 557
1976-Jan.
Feb.
Mar.
Apr.
May.
Federal
disability
insurance
trust fund
1,242
1,424
2,934
2,364
1,451
1,512
56,155
59,526
66,790
76,323
82,784
89,559
101,738
115,442
124,173
Oct.
Nov.
Dec.
!)orporation
Federal
employees
retirement
funds
15,5bU
15,668
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Sept
Exchange
deposit
Stabilization
[nsurance
Fund
"57T"
722
""S5~
174
120
74
156
274
263
436
1,376
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
152
52
199
44
62
1,712
19,221
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
.
Treasury Bulletin
2A
.FEDERAL DEBT.
Table FD-6.
-
Interest-Bearing Securities Issued by
Government Agencies
(In millions of doliaj-s)
Defense
Department
End of
fiscal year
or month
'
Total
amount
outstanding
i/
Family housing
and homeowners
assistance
Housing and Urban Development Department
Federal
Housing
Administration
Federal
National
Mortgage
Assoc. 2/
Government
National
ttortgage
Association
Secondary
market
operations
Other independent agencies
Farm Credit Administration
Export-Import
Bank of the
United States
10,85;-
548
577
517
487
454
412
408
487
581
4,83U
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
11,323
11,028
1,312
1,302
440
475
4,280
4,280
2,893
2,593
10,920
10,926
10,935
10,931
10,928
10,904
1,269
1,264
1,256
1,242
1,233
1,220
505
517
534
544
549
564
4,225
4,225
4,225
4,225
4,225
4,200
2,593
2,593
2,593
2,593
2,593
2,593
Mar.
Apr,
May.
June
10,902
10,907
10,901
10,870
10,861
10,853
1,211
1,203
1,194
1,184
1,176
1,171
570
584
587
586
584
581
4,200
4,200
4,200
4,180
4,180
4,180
2,593
2,593
2,593
2,593
2,593
2,593
July.
10,714
1,164
584
4,145
2,593
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,012
1975
10,94;;
1976
1974-Dec
1975 -Mar.
1975-July
Aug.
Sept
Oct.
Nov.
Dec.
1976^an.
Feb.
4,U79
5,887
Other independent
agencies - Continued
End of
fisced year
or month
Postal
Service
Tennessee
Valley
Authority
2,164
2,571
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,593
Federal
Home Loan
Bank Board
1,072
1,230
3
,
779
6
6
6
6
5
5
10
Memorandum - Interest-bearing
securities of non-Govemroent agencies ij
Other
Banks for
Federal home
cooperatives loan banks
Federal
intermediate
credit banks
2/
1967
1968
1969
1970
Federal
intermediate credit
banks
y
y,U3b
1,951
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1V6 /
1968
1969
1970
1971
1972
1973
1974
Bank for
cooperatives
Federal
land
banks
Federal
National
Mortgage
Association
2/ b/
District of
Columbia
Stadium
Fund
1971
1972
1973
1974
1975
1976
250
250
250
250
?5L
417
525
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1974-Dec.
1975-Mar.
221
250
2,175
2,125
3,589
3,463
23,441
22,615
8,589
8,810
12,653
13,252
28,167
28,232
20
20
1975- July
Aug.
2,075
2,075
2,075
2,075
2,075
2,075
2,907
2,939
3,137
3,424
3,685
3,655
21,560
20,590
20,572
20,569
20,924
20,950
9,685
9,808
9,780
9,631
9,443
9,254
14,582
14,582
Oct.
Nov.
Dec.
250
250
250
250
250
250
15,000
15,060
15,000
28,419
28,720
28,935
29,372
29,319
29,963
20
20
20
20
20
20
1976-Jan.
Feb.
Mar.
Apr.
May.
June
250
250
250
250
250
250
2,075
2,075
2,075
2,075
2,075
2,075
3,833
3,880
3,808
3,917
3,343
3,694
20,907
19,990
19,960
19,964
19,360
19,390
9,317
9,364
9,557
9,931
9,078
10,298
15,469
15,346
15,346
16,060
16,060
16,060
29,809
29,759
30,021
30,147
29,804
29,863
20
20
20
20
July.
250
1,975
3,745
19,352
10,595
16, 566
29,845
20
Sept
Source:
Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-448).
2/ Effective December 31, 1968, banks for cooperatives and Federal in-
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
^
^
(i/
«
4,588
4,702
5,524
7,923
7,848
12,149
18,622
21,250
19,390
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
4,612
5,319
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
20
9,9U
U,582
20
20
20
20
20
20
20
20
20
20
20
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
For details of securities feutstanding, see Table TSO-5.
Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970,
Includes mortgage backed bonds beginning June 1970.
Less than $500,000.
23
September 1976
.FEDERAL DEBT.
Table FD-7.
-
Participation Certificates
.
.
Treasury Bulletin
26
.FEDERAL DEBT,
Table FD-8.
-
Debt Subject
to Statutory Limitation
(In millions of dollars)
Interest -bearing debt
subject to limitation
Debt outstanding subject to limitation
End of
fiscal year
or month
Statutory
debt
limit
Public debt
1/
other debt
Public debt
Other debt
3/2/
Non-interest-bearing debt
subject to limitation
Public debt
Other debt
1/
1/
322,631
344,716
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
3.840
6,028
4,572
3,952
2,797
2,754
2,392
2,388
1,542
1,736
322.286
344,401
351,729
359,025
396,289
425,360
456,353
473,238
532,122
619,254
31847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
315
530
437
389
453
343
380
443
565
,20'-)
450,000
465,000
495,000
577,000
636,000
326,471
350,743
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
1974-Dec
1975-Mar.
495,000
531,000
492,967
510,602
490,547
508,979
2,420
1,623
490,060
508,581
1,595
1,623
488
398
825
1975-Aug.
Sept
577,000
577,000
577,000
595,000
595,000
548,731
554,714
563,084
567,889
577,754
547,089
553,025
561,385
556,185
576,035
1,642
1,689
1,699
1,704
1,719
546,722
552,604
561,053
565,791
575,657
1,542
1,689
1,699
1,703
1,718
367
421
322
395
379
595,000
595,000
627,000
627,000
627,000
636,000
585,515
594,996
601,619
603,100
611,798
621,556
583,792
593,257
599,877
601,360
610,059
619,820
1,723
1,739
1,742
1,740
1,739
1,736
581,861
592,874
599,224
500,927
608,077
519,254
1,723
1,739
1,742
1,740
1,739
1,736
,931
384
653
433
,982
566
636,000
636,000
625,673
623,934
532,716
1,739
1,737
623,580
532,291
1,735
354
i,7:'7
4.24
1967
1968
1969
1970
336,000
353,000
377,000
377,000
1971
1972
1973
1974
1975
1976
«0,000
Oct.
Nov,
Deo.
1976- Jan
Feb.
Mar.
Apr.
Uay..
Jline.
July.
Aug..
534,453
Source:
Monthly Statement of the Public Debt of the United States.
Note:
For debt subject to limitation since 19^0, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasuiy on the State of the Finances for fiscal 1975. For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix,
1/
2/
;i2
3
OT ^
825
825
825
825
825
825
Adjusted to exclude notes to IMF and other international lending organizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
Consists of guaranteed debt of Government agencies, specified parte
ipation certificates. District of Columbia Stadium Bonds and notes
of international lending organizations.
,
:
27
September 1976
.FEDERAL DEBT.
Table FD-9.
-
Status and Application of Statutory Limitation
The Second Liberty BondAct(31 U.S.C. 757b)
authority of that Act,
,
of obligations
and the face amount
The Act of June 30, 1967
as amended.
obligations issued under
the face amount of
provides that
guaranteed as to principal and interest by the United States,
tions issued under
the fiscal
Public Law 94-334 provides that beginning
added to the amount
debt limit shall be teijiporarily
Part A.
-
section 302 (c) of the Federal National
year 1968 and outstanding
in the aggregate $-400 billion outstanding
at any one time.
increased by $236 billion.
provides
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
shall not exceed
on June 30, 1976, and ending on September 30, 1976, the public
(Public Law 90-39)
that the face amount of beneficial interests and participa-
at any time shall be
otherwise taken into account in deter-
mining whether the requirements of the above provisions are
met.
Status Under Limitation August
31, 1976
(In millions of dollars^
^^____^___^_^_^^^_^_
Publi: debt subject to limit:
$633,329
Public debt outstanding
Less amounts not subject to limit;
Treas ury
°^3
Federal Financing Bank
(_^0
632,716
Total public debt subject to limit
Ot.ier debt subject to lliiit:
602
1,135
Guaranteed dsbt of Ga^^ernDent Hgencies
Specified participation certificates
1,737
Total other debt subject to limit
Total debt subject to limit
6:'A,4^3
Statutory debt limit
636,000
1,5A7
Balance of statutory debt limit
Part B.
-
Application of Statutory Limitation August 31, 1976
(In millions of iollars)
Classifications
Interest- bearing debt:
Marketable:
Bills:
Treasury
Amount outstanding
$161,433
Notes:
202,979
Trean ury
Bonds
Treasury
39,902
404, 314
Total marketable
Nonmarketable:
Depositary series
Foreign goverxuiient series:
Dollar denominated
Foreign oorrency denominated
Government account series
Investment series
R.E.A, series
State and local govei'nment series
United States individual retirement bonds,
United States retirement plan boads
United States savings bonds
United Sta-tes savings notes
.
.
()
2,520
13
123
71,07Q
413
227.977
6?2,2ol
Total nonmarketable
Total interes t- bearing debt
19,368
1,599
130,591
2,262
'
Non- interest- bearing debt:
Matured debt
Other
Total non-interest- bearing debt
Total public debt outstanding
So;ine:
Monthly Statement of the Public Debt of tne United States.
» $500 thousand or less.
318
719
1,037
Treasury Bulletin
28
FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
29
September 1976
.FEDERAL DEBT.
Footnotes to Table FD-10.
Source:
Bureau of Goverrmient Financial Operations,
Note:
These securities were issued to the Treasxiry in exchange for advances \jy the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agencies to borrow from the Treasury.
Further detail may be found in
the 1975 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 354-357, and the 1975 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 564565.
1/
2/
2/
^
5/
And predecessor agencies. Beginning fiscal 1957 fig\ires exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs. Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Hoxising
Insurance Fund, and Rural Development Insurance Fund.
Includes secxirities transferred from the Reconstruction Finance
Corporation,
Consists of notes issued to borrow for: public facility loans; Low
Rent Public Hoxising Fund; and advances for National Flood Insurance
Fund.
Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C, 1719 (c), 1720 (d), andl721(d)) and also securities transferred
from the Reconstruction Finance Corporation,
6/
~7/
8/
9/
Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administratior from
September 1968- December 1969.
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration Administration); and the Secretary of the Treasury through
May 1964.
Consists of notes issued by the:
United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of helium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1963;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 19
74; Federal Railroad Administration, rail service assistance, beginning January 1976, and regional rail reorganization, April, 1976.
Outstanding loans cancelled p\irs\iant to Public Law 93-426, dated
September 30, 1974,
FE
D
F
P
N
J
L
F
J
.
A
B
E
.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS.
Table PDO-1.
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding August
31, 1976
(In millions of dollars)
Amount of maturities
Year
and
month
of final
Description
U.S. Govt,
maturity
1/
1976
Sept.
Total
8-1/4)5
Oct..
1-1/2^
Nov.
^1/2*
6-lA^
7-l/8!C
Dec.
7-lA?
Note
Note
Note
Note
Note
Note
-
9/30/76-
Apr.
3%
6-1/26
l-l/2!6
7-3/8*
May.
2,02;
-
IOA/V6-EO
11
10/31/76-0
11/15/76-D
11/30/76^ N
12/31/76-K
1,579
4,325
1,507
2,282
-
1
89
339
137
265
11.727
,6''^
6-7/8*
9$
Note
Note
Note
Note
Note
Note
Note
2/15/77-A
2/28/773/31/77-G
4/1/77- EA
4/30/77-H
-
-
5/15/77-C
5/15/77-D
5,163
1,665
2,576
Oct.
Nov.
1981
Feb.
10,550
Apr.
2,072
1,520
2,100
102
1,477
5
1,579
2,565
5,329
574
1,991
2,343
Total
9*
1-1/2*
3-1/2*
8/15/3010/1/30- EO
11/15/80
Note
Note
Bond
Total..
Aug..
Nov.
7*
7-3/3*
7-3/3*
1-1/2*
7-3/8*
7*
7-5/8*
7-3/4*
2/1 5/312/15/31-0
2/15/81-
Note
Note
Note
Note
Note
Bond
4/I/8I-EA
5/15/31-D
3/15/a
Note
Note
3/15/31-F
ll/15/81-B
Bond
Note
Note
Note
2/15/82
5/15/32-A
8/1 5/82-
Total..
5
2,986
U.S. Govt,
maturity
11
1,490
3,986
1,370
2,017
3,091
145
476
Held by 2/
Description
(^3M
7-3/4*
Note
Note
Note
Note
5/31/77-1
6/30/777/31/77-K
8/15/77-B
2,137
2,170
1,516
4,918
142
249
137
1,668
1,995
1,921
1,379
3,250
8-1/4*
Note
8/31/77-
2,021
144
1,877
8-3/8*
1-1/2*
7-1/2*
Note
Note
Note
Note
Note
Note
9/30/77-M
10/1/77- EO
10/31/77ll/15/77-E
11/30/77-a
12/31/77-
3,226
17
3,156
3,630
2,628
2,765
47
172
1,232
74
250
3,179
17
2,984
2,39?
2,554
2,515
47,066
11,489
35,577
6-1/2*
July.
Aug..
Sept.
Oct..
Nov,
I-JM
Dec.
6-5/8*
7-1/4*
Total..
1278
Jan.
Feb.
6-3/8*
^1/4*
3*
Mar.
Apr.
May.
6-3/4*
1-1/2*
6-1/2*
7-1/8*
7-7/8*
Note
Note
Note
Note
Note
Note
Note
Note
1/31/78-J
2/I5/78-A
2/28/78-G
3/31/78-K
4/1/78- EA
4/30/78-L
A
5/785/15 As5
Note
Note
July.
Aug..
Oct.
Nov.
Dec.
6-7/8*
8-3/4*
7-5/8*
6-5/8*
3-1/?*
6*
8-1/8*
Note
Note
Note
Note
Note
Note
Note
7/31/788/15/78-0
2,511
£,389
2,115
3,162
254
3,323
92
271
2,891
2,574
3,960
4,423
373
934
1,510
2,201
3,026
2,911
2,567
3;331
195
2,372
2;467
2,855
2,462
5,155
2.947
204
631
2,555
15
15
64
54
2,65i
1,831
2,600
2,893
lOA/78-EO
3
11/15/78-B
12/31/78 -H
8,207
2,517
3,608
121
4,599
2,390
57,193
14,989
4,692
1,658
3,034
496
1,773
1,720
2,801
2,110
8
A 5/78-
8/31/78-Q
Total..
3
1979
Feb..
Apr..
May..
June.
Aug..
1-1/2*
7-7/8*
7-3/A*
6-1/4*
6-7/8*
Note
Note
Note
Note
Note
Note
2/15/7a-H
4/1/79-EA
5/15/79-D
6/30/79-E
8/15/79-A
8/15/79-J
8-1/2*
1-1/2*
6-5/8*
7*
Note
Note
Note
Note
9/30/7910/1/79- EO
11/15/79-B
11/15/79-C
7*
2,257
5,066
2,023
2
2,269
1,782
4,559
2,989
42,
2X
Feb..
May..
Aug..
Nov..
^3/8*
8*
8-1/8*
7-7/3*
eb..
June.
Aug.
1935
May.
62
Nov.
7-1/2*
Total
1980
Feb..
Mar..
Note
12/31/79-0
2,081
1,909
1
1,604
2,241
2,006
24,226
1
1,1?5
428
479
1,813
74
1,932
6,652
Bond
2,510
4*
924
7-1/2* Note
3/3I/8D-C
3/^i/io-C
2,069
83
Ai;r..
1-1/2* Note
44/8O-EA
2
May..
6-7/8* Note
5/15/80-A
7,265
5,547
June.
7-5/8* Note
6/30/8O-D
2,185
255
Source:
Dally Treasury statement and Office of Government Financing In
Office of the Secretary.
For Issue date of each security, see "Market Quotations on Treasury
1/
Securities."
17,574
1,586
1,986
619
20,090
10,099
1,842
2,168
2,628
548
799
2,020
807
2,586
4,477
69
408
193
1,806
62
11,528
3,885
2,702
2,747
2,918
2,902
1,051
1,412
1,051
626
U/15/32-C
11,269
4,140
2/15/33-A
Note
Bond
6A5A8-83
7,953
1,349
2,045
227
,307
2,272
6-3/3*
Bond
8/15/84
2,35:<
1,37S
3-1/4*
4-1/4*
Bond
Bond
5/15/85
5/15/77
5/15/F5
1,"7;:
171
395
1,900
574
May.
Aug.
Nov.
7-7/8*
3*
6-1/8*
Note
Note
Bond
5/15/86 -Jl
8/15/86-B
11/15/86
Total
5,21"
<?,486
1,216
15,921
1990
Feb.
May.
3-1/2*
8-1/4*
Bond
Bond
2/15/90
2/15/90
3,168
1,247
4,415
1992
Aug.
1993
Feb.
4-1/4*
Bond
-
8/15/87-92
4*
6-3/4*
7-1/2*
Bond
Bond
Bond
-
Aug.
-
2/15/88-93
2/15/93
8/15/88-93
1,914
1994
May.
Total
4-1/8*
Bond
5/15/39-94
2,734
1,171
1995
Feb.
3*
Bond
2A5A5
643
May.
7*
Bond
5/15A3-93
692
Nov.
3-1/2*
Bond
11/1 5 A3
2,326
8-1/2*
Bond
5/15/94-W
J, 414
Feb..
7-7/8*
Bond
2/15/95-Of
1,770
Aug..
8-3/8*
Bond
S/15/95-a
-
.
Oi'l
1998
Total
199C'
2000
Total
2001
Aug..
2,265
4,035
Bond
8/15/96-01
1,574
5/15/00-05
2,221
2
1,718
1,930
the
2,671
3
1,760
12S6
May..
Sept.
Oct..
8*
3-1/4*
2
1,758
879
4,296
1932
Total..
•Tune,
accounts and
Federal Reserve banks
1'
Itoy..
(>%
Mar.
accounts and All
Federal Re- other
serve banks investors
-
Total..
1977
Feb.
Amoxint of maturities
Year
and
month
of final
Held by 2/
2005
May...
8-1/4*
Bond
3
31
September 1976
PUBLIC DEBT OPERATIONS.
Table PDO-2.
f
-
Offerings of Bills
Amounts in millions of dollars)
Description of new issue
Amount of bids accepted
Issue date
Maturity
date
Regular weekly:
(Ij-weeki and 26-week)
1976- May
6
13.
20.
27.
3.
10.
17,
2A.
July
Number of
days to
maturity 1/
Amount of
bids
tendered
Total
amount
i>i
::om-
peti tive
basis 2/
On noncompetitive
basis 2/
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues outstanding after
new issues
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS.
Table PDO-2.
-
Offerings of Bills-Continued
On competitive bids accepted
On total bide accepted
Average price
per hundred
High
Equivalent average
rate %/
Frice per hundred
Regular weekly:
^13-week and 26-week'.'
1976- May
6.
13.
20.
27.
3.
10.
17.
24.
July
29.
Aug.
5.
12.
19.
52-week:
Equivalent rate
^
Price per hundred
Equivalent rate
^
,
33
September 1976
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-2
Source:
12/
12/
1/
M/
2/
X^
^
3/
6/
7/
3/
9/
10/
11/
Monthly Statement of the Public Debt of the United States and
Allotments
The 13-week bills represent additional issues of bills with an
original maturity of 26 weeks*
For bills issued on or after May 2, 197(i, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in fijll at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
Includes maturing short-dated bills issued June 8, 1976.
Bank discount basis,
Except $540,000 at 98.726.
Except $10,000 at 97.295.
Except $70,000 at 97.218.
Except $100,000 at 97.006.
Except $10,000 at 97.110.
Except f545,000 at 97.Li4.
15/
16/
17/
18/
19/
20/
21/
22/
12/
2i/
25/
11/
2^/
r
Except $50,S00 at 98.659 and $752,000 at 98.657.
Except $80,000 at 97.124.
Except $890,000 at 97.270.
Except $500,000 at 93.686.
Except $3,000,000 at 97.240.
Except $1,500,000 at 97.278.
Except $2,000,000 at 98.713 and $2,000,000 at 98.710.
Except $200,000 at 98.710 and $510,000 at 98.693.
Except $10,000 at 92.801, $10,000 at 92.650, and $1,000,000 at
92.630.
Except $100,000 at 93.394.
Except $510,000 at 93.519.
Except $655,000 at 95.379.
Except $1,000,000 at 93.992.
Except $10,000 at 94.366 and $715,000 at 94.348.
Except $1,300,000 at 93.873.
Except $1,950,000 at 94.347.
Revised.
Treasury Bulletin
54-
^PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing
through Regular Weekly Treasury Billsi/
September 1976
33
PUBLIC DEBT OPERATIONS
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills i/-Continued
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS.
Table PDO-3.
Footnotes at end of table.
-
New Money
Financing through Regular Weekly Treasury Bills i/— Continued
)
September 1976
37
PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury BillsiZ-Continued
(Dollar amounts in millions)
Description of issue
Ajnount
Number of
Issue
date
1Q76-Feb.
lo76_May
5
13
26,
Apr
Maturity
date
Aug.
May
Aug.
May
Aug.
July
22,
Oct.
July
29,
May
June
Oct.
6
5
13
12
27
26
22
21
29
28
Aug.
Nov.
5
13.
Aug.
Nov.
12
12
20
Aug.
Nov.
19
27,
Aug.
Nov.
26
26
3,
Sept.
Dec.
Sept.
17,
2^,
1,
8
to
maturity
6
10.
July
dajBs
18
2
2
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
( Percent
New money
increase , or
decrease ! -)
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS.
Table PDG-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury B ills
'!
Date subscrip-
Dollar amounts in millions)
39
September 1976
.PUBLIC
Table PDO-4.
-
DEBT OPERATIONS.
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills— Continued
..
.
.
.
..
.
.
.
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS,
Footnotes to Table
Bureau of the Public Debt.
Source:
e
Note: All securities (except EA & EO notes), except those bearing footnote
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equivalent average rate (bank discount basis) on accepted bids. Other
securities Issued at par "except those bearing footnote 6 -and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued is in addition to the amount of
original offerings.
For securities exchanged for the new Issues see Table PDO-7.
/j/
Tax anticipation bill, accepted at face value in payment of income
_5/
taxes due on the 15th of the month In which the bills mature.
6/ Sold at fixed price by subscription.
7/ .Exchange offering available to owners of nonmarketable 2-3A^ Treasury
For further
bonds. Investment Series B- 1975-80, dated April 1, 1951.
information on the original offering see Treasury Bulletin for- April
1951, page A-1.
8/ Issued to Federal Reserve banks and Government accounts in exchange
for notes matxiring August 15, 197<i.
2/ Prices accepted ranged from 101.28 (yield 8.48® down to 100.86
(yield 8.65® with the average at 101.00 (yield 8.59®.
10/ Prices accepted ranged from 101.50 (yield 3.67® down to 101.01
(yield 8.78® with the average at 101.15 (yield 8.75®
11/ Prices accepted ranged from 99.76 (yield 8.52® down to 98.00 (yield
8.70® with the average at 98.70 (yield 8.63® .
12/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
U/ Yields accepted ranged from 8.39* (price 99.75) down to 8.20S (price
100.09) with the average at 3 .3i,f (price 99.84).
IV Yields accepted ranged from 7.93^ (price 99.787) down to 7.78i8
(price 100.349) with the average at 7.89* (price 99.937).
15/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
1^ Yields accepted ranged from 7.87* (price 99.685) down to 7.78*
(price 99.921) with the average at 7.85* (price 99.737).
12/ Yields accepted ranged from 7.86* (price 99.416) down to 7.75*
(price 100.000) with the average at 7.82* (price 99.628)
iS/ Prices accepted ranged from 103.50 (yield 8.17® down to 102.79
(yield 8.23® with the average at 103.04 (yield 8.21®
19/ Sale of a "strip" of Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
21/ Yields accepted ranged from 7.37* (price 99.781) down to 7.15*
(price 100.183) with the average at 7.32* (price 99.872).
22/ Prices accepted ranged from 102.20 (yield 7.27® down to 101.80
(yield 7.37® with the average at 101.95 (yield 7.33®.
2^ Prices accepted ranged from 100.91 (yield 7.18® down to 100.80
(yield 7.27® with the average at 100.84 (yield 7.24®.
24/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975.
25/ Yields accepted ranged from 7.17* (price 99.814) up to 7.23* (price
99.643) with the average at 7.21* (price 99.700).
2b/ Yields accepted ranged from 7.40* (price 99.881) up to 7.52* (price
99.311) with the average at 7.49* (price 99.453).
22/ Yields accepted ranged from 7.89* (price 99.837) up to 7.96* (price
99.084) with the average at 7.95* (price 99.191).
28/ Yields accepted ranged from 5.88* (price 99.993) up to 5.98* (price
99.852) with the average at 5.94* (price 99.908).
22/ Yields accepted ranged from 5.97* (price 100.056) up to 6.12* (price
99.778) with the average at 6.09* (price 99.834).
Prices accepted ranged from 101.51 (yield 7.45® down to 101.07
(yield 7.54® with the average at 101.21 (yield 7.51®.
Yields accepted ranged from 5.90* (price 100.082) up to 6.01* (price
99.757) with the average at 5.98* (price 99.991).
32/ Yields accepted ranged from 6.40* (price 100.185) up to 6.60* (price
99.815) with the average at 6.51* (price 99.982).
22/ Yields accepted ranged from 8.15* (price 100.826) up to 8.37* (price
98.947) with the average at 8.31* (price 99.455).
2i/ Yields accepted ranged from 6.95* (price 100.234) up to 7.19* (price
99.865) with the average at 7.15* (price 99.926)
35/ Yields accepted ranged from 7.37* (price 100.009) up to 7.45* (price
99.863) with the average at 7.43* (price 99.900).
^i/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1975.
21/ Yields accepted ranged from 7.60* (price 100.001) up to 7.74* (price
99.604) with the average at 7.70* (price 99.717)
Yields accepted ranged from 7.96* (price 100.212) up to 8.02* (price
99.894) with the average at 8.00* (price 100.000)
2^ Yields accepted ranged from 8.25* (price 100.000) up to 8.32* (price
99.232) with the average at 8.30* (price 99.450).
i2/ Yields accepted ranged from 6.79* (price 99.924) up to 6.92* (price
99.683) with the average at 6.86* (price 99.794).
.
^
^
^
PDO^.
Yields accepted ranged from 6.38* (price 100.158) up to 6.58* (price
99.895) with the average at 6.54* (price 99.947).
i2/ Yields accepted ranged from 6.50* (price 100.000) up to 6.69* (price
99.650) with the average at 6.61* (price 99.797).
i2/ Yields accepted ranged from 7.74* (price 100.034) up to 7.85* (price
99.664) with the average at 7.83* (price 99.731).
a/ Yields accepted ranged from 7.49* (price 100.018) up to 7.53* (price
99.945) with the average at 7.52* (price 99.963).
45/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1975.
ib/ Yields accepted ranged from 7.75* (price 100.233) up to 7.97* (price
99.695) with the average at 7.94* (price 99.768).
42/ Yields accepted ranged from 8.06* (price 100.343) up to 8.18* (price
99.711) with the average at 8.14* (price 99.921)
48/ Yields accepted ranged from 8.38* (price 99.948) up to 8.48* (price
98.917) with the average at 8.44* (price 99.327).
49/ Yields accepted ranged from 8.15* (price 100.180) up to 8.29* (price
99.926) with the average at 8.25* (price 99.998).
52/ Yields accepted ranged from 3.45* (price 100.145) up to 8.56* (price
99.773) with the average at 8.54* (price 99.840).
51/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
52/ Yields accepted ranged from 8.40* (price 99.955) up to 8.46* (price
99.847) with the average at 3.44* (price 99.883)
12/ Yields accepted ranged from 8.05* (price 99.893) up to 8.13* (price
99.722) with the average at 3.10* (price 99.786).
54/ Yields accepted ranged from 8.06* (price 101.121) up to 8.19* (price
99.761) with the average at 8. 14* (price 99.899).
55/ Yields accepted ranged from 7.47* (price 100.055) up to 7.59* (price
99.336) with the average at 7.55* (price 99.909).
56/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing 11/15/75.
52/ Yields accepted ranged from 7.87*' (price 100.027) up to 7.95* (price
99.603) with the average at 7.92* (price 99.762)
58/ Prices accepted ranged from 101.73 (yield 8.21® down to 101.34
(yield 8.24® with the average at 101.50 (yield 8.23®.
52/ Yields accepted ranged from 7.24* (price 100.018) up to 7.31* (price
99.890) with the average at 7.28* (price 99.945).
60/ Yields accepted ranged from 7.43* (price 100.238) up to 7.53* (price
99.893) with the average at 7.50* (price 100.000).
61/ Yields accepted ranged from 7.35* (price 100.108) up to 7.42* (price
99.306) with the average at 7.40* (price 99.892).
62/ Yields accepted ranged from 6.41* (price 99.935) up to 6.51* (price
99.751) with the average at 6.49* (price 99.788).
63/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00® .
6^/ Yields accepted ranged from 7.00* (price 100.000) up to 7.09* (price
99.761) with the average at 7.05* (price 99.867).
65/ Prices accepted ranged from I0S.I4 (yield 8.05® down to 101.42
(yield 8.12® with the average at 101.75 (yield 8.09®
6g/ Yields accepted ranged from 6.57* (price 100.039) up to 6.64* (price
99.925) with the average at 6.62* (price 99.957)
67/ Yields accepted ranged from 7.50* (price 99.990) up to 7.55* (price
99.818) with the average at 7.54* (price 99.853).
68/ Yields accepted ranged from 6.71* (price 100.074) up to 6.80* (price
99.908) with the average at 6.76* (price 99.982).
Yields accepted ranged from 7.35* (price 100.101) up to 7.39* (price
99.940) with the average at 7.38* (price 99.980).
20/ Yields accepted ranged from 6.59* (price 99.837) up to 6.63* (price
99.765) with the average at 6.61* (price 99.801)
71/ All accepted subscriptions were awarded at the price of 100.00
(yield 7.875*).
22/ Prices accepted ranged from 97.50 (yield 8.11® to 96.36 (yield
22/ Yields accepted ranged from 7.08* (price 100.082) up to 7.19*
(price 99.881) with the average at 7.16* (price 99.936).
7^ Yields accepted ranged from 7.68* (price 99.796) up to 7.73*
(price 99.625) with the average at 7.71* (price 99.693).
41/
^
25/
76/
77/
78/
79/
80/
81/
•
p
accepted ranged from 6.96* (price 99.844) up to 7.01*
99.752) with the average at 6.99* (price 99.789).
accepted ranged from 7.60* (price 100.076) up to 7.64*
99.909) with the average at 7.63* (price 99.951).
accepted ranged from 6.90* (price 99.953) up to 6.96* (price
9°. 843) with the average at 6.95* (price 99.861).
Yields accepted ranged from 6.88* (price 99.987) up to 6.92* (price
99.880) with the average at 6.91* (price 99.907).
All accepted subscriptions were awarded at the price of 100,00 (yield
8.00*).
Yields accepted ranged from 7.98* (price 100.215) up to 8.03* (price
99.679) with the average at 8.01* (price 99.893).
Yields accepted ranged from 6.59* (price 100.065) up to 6.69* (price
99.880) with the average at 6.67* (price 99.917)
Less than $500,000.
Preliminary.
Yields
(price
Yields
(price
Yields
41
September 1976
PUBLIC DEBT OPERATIONS
Table PDO-5.
-
Unmatured Marketable Securities Issued at a Premium
Other than Advance Refunding Operations
or Discount
Treasury Bullettn
42
^PUBLIC DEBT OPERATIONS.
Table PDO-5.
-
Unmatured Marketable
Securities Issued at a
Premium
Other than Advance Refunding Operations-Continued
Description
or Discount
43
September 1976
PUBLIC DEBT OPERATIONS,
Table
PDO-5.
-
Unmatured Marketable Securities Issued
at a
Premiur; or Discount
Other than Advance Refunding Operations-^Continued
Description of securities
1081
7-3/S?
Note
7-3/8?
Note
7-3/8?
Note
7-5/8?
Note
7?
Bond
7-3/4?
Note
mi
6-^/8?
Bond
8-1/8%
Note
6-3/8?
Bond
1985
Treasury Bulletin
44
.PUBLIC
Table PDO-5.
-
DEBT OPERATIONS,
Unmatured Marketable
Securities Issued at a
Premium
Other than Advance Refunding Operations— Continued
Description of
or Discount
45
September 1976
PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.
Other than Bills
1/
(In millions of dollars)
Allotments ty investor classes
Amount issued
U.S. Gov-
In
Date of
financing
Description of securities
exchange
For
cash
for
other
seciiri-
7-3/4/S Note
S/15/70
7-J/lS Note 7-1/2? Note 7-1/4S Note 7-1/2)6 Note -
2/15/72-C
5/15/74-D
8/15/76-C 2/
11A6/70
b--}/lS Note -
5/15/72-D
2/15/71
5-7/8? Note 6-1/4? Note -
8/1 5/75 -C
8/17/70
!
11A5/70
'
8/15/72-E
11/15/74-A 8/
Note 5-3/4? Note Note
6/29/71
11/15/75-D
8/15/81
Note
Bond
7?
7?
8/15/71
11/15/72-F
-
Indi-
Insiur-
vidu-
ance
companies
als
U
Mutual
savings
banks
Corporations
5/
62
1,929
967
166
38
38
74
29
22
35
190
4,505
2,511
190
838
811
1,664
2,481
1,033
656
292
94
13
44
24
43
37
78
7,679
8,339
2,319
2,722
3,586
3,122
235
431
3,452
3,231
1,457
1,046
1,351
1,257
138
246
3,115
613
592
351
1,542
112
10
61
40
77
34
91
116
90
98
22
36
13
26
30
38
130
210
59
35
8
9
8
57
2
5
36
1,593
3
2,071
2,285
195
Commercial
banks
150
479
2,037
2A5/78-A
'5?
5/15/71
ties
3,139
2,264
2/15/74-C
8/15/77-B
-
ernment
accounts
and
Federal
Reserve
banks 2/
37
8/16/71
6-1/2? Note -
2/15/73-C
2,514
2,036
6-1/4? Note -
11/15/76-D
1,283
1,046
15
2
1
5
9/8/71
2/1 5/75 -E
2,045
1,833
9
1
1
35
10/22/71
5-7/8? Note ('4-7/8? Note Note 6?
1.6-1/8? Bond -
11/15/73-D
11/15/78-B
11/15/86
2,768
15
1
4
240
47
6
33
1
52
51
4
5-3/4? Note 6-3/8? Bond -
5A5/76-E
26
29
27
5-7/8? Note -
11/15/71
(
2/15/72
24
1,500
8,207
1,192
1,500
2,915
673
1,566
3,197
296
420
1,446
2/15/82
66
2,802
2,131
554
777
5/15/75 -F
1,776
2,514
2,514
1,231
.53
6
15
4,945
4,559
1,028
1,437
1,180
2,557
1,605
166
512
82
1,279
31
85
221
24
1,605
5/15/72
'4-3/4? Note 6-3/8? Bond -
5/15/73-E
2/15/82 8/
8/15/72
''5-7/8? Note 6-1/4? Note 1.6-3/8? Bond -
2/15/76-F
8/15/79-A
8/15/84
41
lO/la/72
6?
Note -
9/30/74-E
2,060
1,990
11/15/72
6-1/4? Note -
11/15/76-D 8/
3,041
2,230
24
12/31/74-F
2,102
2,062
6
12/28/72
5-7/8? Note -
627
201
595
lAO/73
6-3/4? Bond -
2/15/7J
6-1/2? Note 6-5/8? Note -
2/15/93
8/15/76-C
11/15/79-B
5A5/80-A
5/15/73
6-7/8* Note Bond -
5/15/93-98
8A5/73
7-3/4? Note 7-1/2? Bond -
8/15/77-B 8/
8/15/88-93
9/4/73
8-3/8? Note -
7?
Note Note 7?
.7-1/2? Bond -
11/15/73
I
2/15/74
4/9/74
b-l/Si Note -
Note 7?
^7-1/2? Bond -
(
8?
Note -
8-3/4? Note -
8-3/4? Note Z-\/2% Bond o?
S/15/74
Note Note 8-1/2? Bond -
9/30/74
11/6 /74
3-1/4? Note 7-7/8? Note -
9/30/75 -G
12/31/75-H
11/15/79-C
8/15/83-93 8/
5/15/77-G
2/1 5/81 -A
8A5/88-93 8/
3/31/76-H
6/30/76-1
8/15/78-C
5/15/94-99
8/15/80-B
5/15/77 -D
5/15/94-99 8/
9/30/76^
5/15/79-D
505
1,009
2/18/75
7-3/8? Note 7-7/^ Bond -
5/15/78-D
2/15/81-C
2/15/95-00
71
23
16
50
111
14
83
34
61
1,097
220
220
136
1,003
1,366
83
1,519
1,094
173
46
1
1
49
39
4
?n
1
41
7
25
10
13
2
1,511
2,021
302
220
220
136
2,258
1,515
307
327
301
250
307
327
250
35
1,015
154
556
656
583
279
583
263
270
68
19
10
10
10
279
1,224
1,315
106
8
1
2,461
2,936
486
2,461
2,936
486
619
821
129
480
816
16
7
11
14
1,818
1,016
205
205
1,174
581
204
164
8
1,059
949
338
1,059
949
338
1,371
913
248
191
144
23
77
77
1,532
2,043
1,879
309
1,835
2,^9:?
400
2,205
3/31/76-H 8/
1,878
556
183
12/31/76-K
7-1/8? Note -
42
1,438
7-1/4? Note -
Note -
29
630
665
12/31/74
8?
40
628
425
2,042
7
21
11
1,195
62
855
27
756
593
63
2,054
1,061
276
156
64
697
400
150
697
400
150
2
5
4
3
30
1,253
3,263
1,768
752
202
43
23
•1
2,026
11/15/77-E
11/15/81-B
5/15/94-99 8/
1/9/75
1,392
33
44
2
5,275
140
7-3/4? Note
7-3/4? Note 8-1/2? Bond -
5/15/79-D 8/
3,883
595
68
89
28
1
5,221
40
11/15/74
7-7/8? Note -
"^12
2,043
652
2,571
1,766
603
-
2
84
1,320
102
500
36
23
12
8
7
10
6
13
Private
pension
and ret irement
funds
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.
-
Other than Bills
i/
)
47
September 1976
PUBLIC DEBT OPERATIONS,
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills Other than Regular
(
In millions of dollars
Weekly Series
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollar amounts in millions)
Date of
September 2976
49
.PUBLIC
Table PDO-7.
-
DEBT OPERATIONS.
Di sposition of Public Marketable Securities
Other than Reg ular Weekly Treasury Bills— Continued
(Dollar amounts in millions)
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-7
Bureau of the Public Debt.
Source:
1/ Original call and maturity dates are used.
bv
investors other than Federal Reserve banks.
2/ All
Tax anticipation issue: for detail of offerings beginning August 197ii,
_j/
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" belon.
for $233
A/ Exchanged by Federal Reserve banks and Government accounts
million of 7-3/-i^ notes of Series B-1977 and $92 million of 7-1/2^
bonds of 1988-93 issued August 15, 1973.
1/ Exchanged by Federal Reserve banks and Govemraent accounts for K95
million of 7-3/4J6 notes of Series B-1977 and $233 million of 7-1/2?
bonds of 1988-93 Issued August 15, 1973.
6/ Exchanged by Federal Reserve banks and Govemnent accounts for $220
million of 1% notes of Series C-1979, $220 million of 1% notes of
Series H-1975 and $136 million of 7-1/2? bonds of 1988-93 Issued
November 15, 1973.
2/ Exchanged by Federal Reserve banks and Govemraent accounts for $307
million of 6-7/8? notes of Series C-1977, $25 million of 7? notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2?
bonds of 1988-93 issued February 28, 1974.
£/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7? notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2? bonds of 1988-93 issued February 28, 1974.
9/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4? notes of Series 1-1976 and $343 million of 8-3/4?
notes of Series C-1978 Issued May 15, 1974.
10/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4? notes of Series C-1978 and $279 million of 8-1/2?
bonds of 1994-99 issued May 15, 1974.
n/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9? notes of Series D-1977, $2,461 million of 9? notes of
Series B-1980 and $486 million of 8-1/2? bonds of 1994-99 issued
12/
13/
14/
15/
16/
17/
August 15, 1974.
Exchanged by Federal Reserve banks and Government accounts for 8-1/4?
notes of Series J-1976 issued September 30, 1974.
Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4? notes of Series E-1977, $949 million of 7-3/4? notes
of Series B-1981 and $196 million of 8-1/2? bonds of 1994-99 issued
November 15, 1974.
Exchanged by Federal Reserve banks and Government accounts for 8-1/^?
bonds of 1994-99 Issued November 15, 1974.
Exchanged by Federal Reserve banks and Government accounts for 7-1/*,^
notes of Series K-1976 issued Eecember 31, 1974.
Exchanged by Federal Reserve banks and Govemraent accounts for $692
million of 7-1/8? notes of Series D-1978, $400 million of 7-3/8?
notes of Series C-1981 and $36 million of 7-7/8* bonds of 1995-2000
issued February 18, 1975.
Exchanged by Federal Reserve banks and Government accounts for $4
million of 7-1/8? notes of Series D-1978 and $114 million of 7-7/8?
bonds of 1995-2000 issued February 18, 1975.
18/ Exchanged by Federal Reserve banks and Government accounts for $2,300
million of 7-5/8? notes of Series E-1978, $1,233 million of 8? notes
of Series A-1982 and $630 million of 8-1/4? bonds of 2000-05 issued
May 15, 1975.
2^ Exchanged by Federal Reserve banks and Government accounts for 8-1/4?
bonds of 2000-05 issued May 15, 1975.
20/ Exchanged by Federal Reserve banks and Government accounts for $1,372
million of 7-7/8? notes of Series F-1978, $902 million of 8-1/8? notes
of Series B-1982 and $313 million of 8-3/8? bonds of 1995-2000 issued
August 15, 1975.
21/ Exchanged by Federal Reserve banks and Govemraent accoxints for
8-3/8? notes of Series M-1977 issued September 30, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for $384
million of 7-7/8? notes of Series C-1982 and $150 million of 8-3/8?
bonds of 1995-2000 issued November 17, 1975.
23/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4?
"notes of Series P-1977 Issued December 31, 1975.
24/ Exchanged by Federal Reserve banks and Government accounts for
»368 million 7? notes of Series H-1979, $1,939 million 8? notes
of Series A-1983 and $215 million of 8-1/4SE bonds of 2000-05
issued February 17, 1976.
25/ Exchanged by Federal Reserve banks and Government accoxints for
$1,232 million of 7? notes of Series H-1979 issued February 17, 1976.
26/ Exchanged by Federal Reserve banks and Government
accounts for $97 million of 6-3/4? notes of Series
K-1978 Issued March 31, 1976.
27/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8? notes of Series A-1986 issued 5/17/76 and $85 million of 7-7/8? bonds of 1995-2000 issued May 17, 1976.
28/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2? notes of Series L-1978 and $196 million of 7-7/8?
notes of Series A-1986, and S32 million of 7-7/8? bonds of
1995-2000 issued May 17, 1976.
29/ Exchanged by Federal Feserve banks and Government accounts for 7-1/8?
notes of Series M-1978 issued Tune 1, 1976.
iO/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8?
notes of Series N-1978 issued June 30, 1976.
^1/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8? notes of Series J-1979 and $60 million of 8? notes
of Series B-1986.
Exchanged by Federal Reserve banks and Government accounts for $1,417
;iZ/
million of g? notes of Series B-1986 and $250 million of 8? bonds of
1996-2001 issued August 16, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for $204
million of 6-5/8? notes of Series (J-1978 issued August 31, 1976.
-
Information on retirement of tax anticipation issues referred to
Note:
in footnote 3, in millions of dollars;
September 1976
31
.PUBLIC
Table PDO-8.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Treasury Bulletin
52
.PUBLIC
DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries — Continued
(Payable in U.S. dollars; dollar arooimts in millions)
53
September 1976
.PUBLIC
Table PDO-8.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
September 1976
53
.PUBLIC
Table PDO-8.
-
DEBT OPERATIONS
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of
(Dollar amounts In millions)
Foreign Countries
September 1976
37
.PUBLIC
Table PDO-9.
-
DEBT OPERATIONS,
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
—Continued
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS,
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
Lollar amounts in millions
Month of
September 1976
39
.UNITED STATES SAVINGS BONDS.
Series E and Series H
rently sold.
Series E has
and Series H has been on
A
-
April 30, 1957.
been on sale since May
interest yields,
sale since June
D were sold fromMarchl, 1935
Series
30,
are the only savings bonds cur-
F and G were sold
1952.
Series
J
1,
1,
1952.
through April 30,
from May
1,
Table SB-1.
-
Series
1941.
through April
1941
and K were sold from May
1941,
1,
1952
through
Details of the principal changes in issues,'
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 1968,
the Treasury for fiscal years 1966 through 1974
Sales and Redemptions by Series, Cumulative through August
(In millions of dollars)
and
Report of the Secretary of
31,
.
1976
60
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and
Redemptions by Periods, Series E through
K
61
September 1976
.UNITED STATES SAVINGS BONDS,
Table SB-3.
-
Sales and Redemptions by Periods, Series
E
through
K -Continued
(In millions of doJJLars)
Redemptions 1/
Sales 1/
Fiscal years:
1941-66
Accrued
discount
Sales plus
accrued
discount
Sales
price
^
Accrued
discount 2/
Exchange of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Treasury Bulletin
62
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unclassified
10/
Series E
and H
Fiscal years
1951-60
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973;
1974
1975
1976. . .•
and H
:
Calendar years
1951-59
1960
1961
1962
1963
1964
29,914
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
15,277
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
14,637
940 2/
925 8/
657 2/
304
246
280
412
260
143
29
072
28,002
3,003
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
14,195
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
13,807
1,089
922
730
426
282
216
559
519
520
443
569
289
119
289
119
307
161
177
307
160
177
651
542
572
578
504
566
173
273
333
196
278
242
17;
568r
594
301
,732
595
,602
021
,252
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
107,835
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
,
441
,000
793
,133
639
,295
244
365
210
,833
,291
9
7
5
5
-1
391
345
209
84
15
8
6
3
5
b/ 2/
2/ 8/
8/ 2/
2/
71,787
3,358
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
41,741
.•,722
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,722
36,928
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
28,103
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
269
400
213
283
392
269
400
213
283
478
268
239
382
226
324
478
268
239
382
226
268r
386
26Sr
386
31,639
283
196
139
140
118
104
79
25
6
8,915
825
201
175
125
131
111
107
44
13
2
10,102
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
141
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
Months:
1975-Aug
Sept
Oct
Noy
Dec
1976-Jan
Feb
Mar
Apr
May
June..
..
July....
Aug
27;
333
196
277
241
290
207
Source: Monthly Statement of the Public Debt of the U.S.; Office of Market Analysis, United States Savings Bonds Dlyislon.
Note:
In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at current redemption value. Series C,H, and K are included at face value throughout.
Matxired bonds which have been redeemed are Included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt (jntll all bonds' of the annual series have matured, and are men
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January 1960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and* previous Issues of the
Treasury Bulletin.
Because
there is a normal lag in classifying redemptions, the distri2/
bution of redemption between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
'
i/
^
6/
2/
8/
2/
10/
•
392
324
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis,
Series F and
sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957, Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4^
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4it marketable
notes of 1964.
Includes exchanges of Series 1949 F and C bonds for 4% marketable bonds
of 1969.
Includes exchanges of Series 1960 F and G bonds for 3-7/8)8 marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and C bonds for 3-7/8%
marketable bonds of 1971 and iS marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matxired and unmatured issues.
Less than $500,000.
r
Revised.
.
September 1976
63
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May
throiigh June 30,
1970.
1,
1967
The notes were eligible for purchase
demption
and information on investment yields of savings
notes appear in
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds
Treasury for fiscal year 1974.
The principal terras and conditions for purchase and re-
Table SN-1.
-
Sales and Redemptions by Periods
(In millions of dollars)
..
.
,
Treasury Bulletin
64
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-i.
-
Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing public debt securities
fiscal year
or month
Total
Federal
securities
outstanding
Held by U.S. Government accounts
Nonmarke table
Total
outstanding
Marketable
Government
account series
Public
issues
held by
Federal
Reserve
banks
1/
197-i
344,676
371,978
367,969
383,428
410,292
438,154
469,251
487,081
1975
1976
631,285
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
1975-Mar..
504,031
520,702
491,561
508,581
141,207
138,458
21,390
20,806
117,761
115,596
2,056
2,056
80,500
81,418
1975 -July.
Aug..
Sept.
Oct..
Nov.,
Dec..
549,160
558,637
564,582
572,929
577,726
587,553
537,211
546,722
552,604
561,063
565,791
575,657
142,511
144,783
142,266
138,868
137,731
139,343
20,181
20,073
19,697
19,976
19,593
19,392
120,275
122,655
120,514
116,837
116,083
117,896
2,055
2,055
2,055
2,055
2,055
2,055
81,883
82,546
86,998
87,184
85,137
87,934
1976-Jan.
F»b..
Mar..
Apr,.
May..
June.
595,308
604,777
611,391
612,843
621,533
631,285
581,861
592,874
599,224
600,927
608,077
619,254
139,279
139,776
139,067
139,122
143,704
149,611
19,691
19,151
19,104
19,104
18,563
18,347
117,533
118,570
117,908
117,963
123,086
129,209
2,055
2,055
2,055
2,055
2,055
2,055
89,782
88,990
89,753
91,814
90,530
94,446
July.
635,260
623,580
147,626
15,323
130,247
2,056
90,673
1967
1968
1969......
1970
1971
1972
1973
5/j;,131
197<i-Dec
.
71,809
76,138
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
13,635
14,694
16,007
16,974
18,092
19,868
20,080
21,229
20,471
18,347
56,103
59,374
66,738
76,124
82,740
89,536
101,248
114,921
122.756
129,209
2,071
2,071
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,055
46,719
52,230
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
Interest- bearing public debt securities - Con
Held by private investors
End of
fiscal year
or month
Marketable
Nonmarke table
Agency securities
Matured
public
debt
and debt
bearing
Total
outstanding
2/
Held by
U.S. Government
accounts and
Federal Reserve
ankr
Held by
private
i
no interest
1967
1968
1969
1970
150,318
159,668
156,006
157,911
161,863
165,978
167,869
164,862
210,386
279,788
53,440
56,363
56,814
58,231
66,020
76,566
90,078
89,686
91,704
95,409
3,935
3,178
1,991
1,893
1972
1973
1974
1975
1976
203 758
216 ,032
212 ,819
216 ,142
227 883
242 ,545
257 ,947
254 ,548
302 ,090
375 197
1974-Dec .
1975-Mar.
269,854
288,705
181,000
197,765
1975^uly.
312,817
319,393
323,340
335,011
342,923
348,380
1,841
1,901
1,788
1,822
1,067
1,179
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,021
10,943
10,853
2,010
3,001
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
16,445
21,398
11,403
9,956
9,911
8,724
8,953
9,869
8,757
8,630
88,853
90,940
1,104
1,078
11,367
11,042
2,193
2,099
9,174
8,943
221,637
228,461
232,251
243,746
251,149
255,865
91,180
90,932
91,089
91,265
91,774
92,515
1,029
990
1,043
936
1,009
993
10,920
10,926
10,935
10,931
10,928
10,904
2,182
2,207
2,132
2,220
2,130
2,128
8,738
8,719
8,803
8,711
8,798
8,776
259,843
270,632
276,439
275,526
278,928
279,788
92,957
93,476
93,965
94,465
94,915
95,409
2,545
998
1,267
1,046
2,595
1,179
10,902
10,907
10,901
10,870
10,861
10,853
2,216
2,222
2,224
2,233
2,224
2,223
8,686
Jxine.
352,800
364,108
370,404
369,991
373,843
375,197
8,677
8,637
8,637
8,630
July.
385,281
291,723
93,558
967
10,714
2,218
8,496
1971
Aug..
Sept.
Oct..
Nov..
Dec.
1976-Jan..
Feb..
Mar..
Apr.
May..
1/ Change in heading reflects publication of the Monthly Statement of the
Public Debt of the U.S. on July 31, 1974.
2/ For detail, see Table FD-6.
8,685
o
September 1976
63
.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
Total
privately
held
Commer-
Individuals J/
cial
banks
Savings bonds
2/
iSeries
E and H
231.6
208.3
204.6
199.9
194.3
196.3
194.8
1°9.8
196.7
203.8
12.7
93.8
74.5
65.6
61.8
58.4
61.5
51.1
53.4
58.8
53.7
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
9.4
63.9
54.1
57.4
56.3
55.4
54.6
64.8
65.2
56.1
64.8
199.9
207.1
203.0
207.0
198.5
200.5
194.5
197.9
197.8
204.5
206.4
212.7
63.5
69.1
63.5
62.0
57.3
59.5
56.2
59.5
55.2
67.5
61.5
50.3
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
55.3
62.1
62.5
67.2
65.1
57.1
54.3
54.2
60.2
63.9
58.2
50.7
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
69.7
65.1
54.6
65.8
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
218.0
229.9
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
52.7
229.7
247.9
244.4
262.5
259.7
261.7
256.4
271.0
33. i
Other
series 2/
1.9
12.5
13.9
15.4
15.1
Insurance
companies
State
Mutual
savings
banks
Corporations
^
and
local
governments
Foreign
and international
i/
other
investors
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
15.0
15.9
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
.4
.2
.3
14.4
14.1
13.8
13.2
12.7
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
15.0
15.8
15.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
15.4
15.3
15.0
14.5
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
5.5
7.7
10.1
12.0
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
42.5
3.1
2.7
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
12.0
11.8
11.5
11.5
11.4
18.8
18.7
19.3
19.0
20
20
21
11..3
10..7
10..5
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
19.5
18.7
65.5
65.9
65.9
68.0
58.5
69.5
70.7
71.9
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
22.
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
15.3
16.8
16.7
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
24.5
24.3
23.6
24.1
25.1
24.9
25.4
27.2
29.0
27.8
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
61.0
65.3
60.9
57.7
58.8
60.3
53.2
55.5
168.7
182.6
183.5
194.8
200.9
201.4
203.2
215.4
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
.7
.5
.6
.6
22.2
18.8
17.2
16.2
15.4
16.9
18.8
21.5
7.0
7.0
5.7
6.5
6.3
6.4
5.9
6.2
y.i
3.5
3.4
3.3
2.9
2.6
2.5
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
32.7
45.9
50.0
55.3
60.2
57.7
58. 8r
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22. 8r
273.8
278.9
289.8
290.9
301.7
303.2
54.6
56.5
61.8
64.1
67.7
69. Or
219.2
222.4
228.0
226.8
234.0
85.3
85.3
85.7
86.1
86.6
87.1
63.2
63.5
63.9
64.2
64.6
65.0
.5
21.6
21.3
21.4
21.4
21.5
21.5
6.3
6.3
6.6
6.8
7.1
7.1
2.6
2.7
2.9
3.2
3.4
3.5
11.3
11.4
12.0
12.5
13.7
13.2
30.0
30.5
29.7
29.8
29.8
29.5
61.5
64.6
65.0
64.9
56.8
66.0
22.3
21.6
26.1
23.6
26.6
27.6r
313.8
320.4
324.4
336.0
343.9
349.4
71. 8r
87.6
88.7
7.4r
3.7
3.9
4.0
4.2
4.4
4.5
16.2
16.0
15.0
17.5
20.0
20.2
31.3
31.2
32.2
33.8
33.9
33.8
66.7
67.3
65.5
66.9
66.1
66.5
29. Ir
31. Ir
32. 2r
35. 8r
91. 4r
65.4
65.7
66.0
66.3
66.6
66.9
21.8
22.6
78.3r
79. 3r
82. 2r
85. It
242.0r
245. 6r
246. It
256. 7r
261. 7r
264. 2r
355.3
365.0
371.7
371.0
375.4
376.4
86. Or
87. 2r
91. 9r
91. 7r
91. 6r
91. 8r
269. 3r
277. 9r
279. 7r
279. 3r
284. 9r
284. 5r
91. 7r
93. 9r
94. 5r
94. 7r
95. 9r
96. 4r
57.3
67.6
68.0
68.4
68.8
69.2
4.7
4.9
5.1
5.1
34.6
35.4
37.8
37.7
37.6
68.3
69.6
68.1
70.2
71.0
69.8
38.
39.
40.
37.
38.
38.
385.2
94.0
292.2
97.1
69.9
37.2
72.8
41.9
74. 8r
•
234. IT
89. 6r
90. 6r
91. Or
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
Office of Government Financing in the Office of the Secretary.
Source:
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
2/ Includes partnerships and persopal trust accounts.
a/ Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
^
Other
securities
14.6
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
1
.4
.5
.6
.7
.8
.7
.6
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
'
.5
.4
.4
.4
.4
.4
.4
.4
6/
23. 2r
23. 8r
23. 9r
24. Or
11..6
11..1
11..4
11..1
7.5r
7.7r
7.9
8.8
9.3
18.
18.
18.
18.
18.
18.
18.9
18.2
15.3
15.8
24. Or
25. 8r
26. Or
25. 8r
26. 6r
25. 8r
10.4
10. 3r
10. 4r
10.5
5
5.1
21.2
23.2
23.0
23.8
26.0
25.0
25.8
11.1
5.3
27.0
10. Or
10. Ir
-J
21
22
21
24.1
55.5
9r
9r
8r
4r
7r
2r
accounts in the United States. Beginning with July 1974 the figures
exclude noninterest-bearing notes issued to the International Monetary Fund.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers
Also included are certain government deposit accounts and government -sponsored
agencies.
Includes U.S. savings notes. Sales began May 1, 1967 and were discontinued after June 30, 1970.
Preliminary.
r
Revised.
.
2/
37.5
38. 6r
Treasury Bulletin
66
TREASURY SURVEY OF OWNERSHIP, JULY
The monthly Treasury Survey of Ovmershlp covers securities
Issued by the United States Government, Federal agencies. Fed-
erally-sponsored agencies, and the District of Columbia.
31, 1976,
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
The similar proportion for corporations
Holdings by commercial banks distributed according tj
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks ars
these institutions.
State and local governments,
-iO
percent.
Data were first pub-
published for June 30 and December 31.
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas-
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa-
the March 195^ Bulletin.
Table TSO-1. -Summary of Federal Securities
(Par values - in mllllona of dollars)
.
:
,
67
September 1976
.TREASURY SURVEY OF OWNERSHIP JULY
Table TSO-2.
31,
1976.
Interest-Bearing Marketable Public Debt Securities
-
by Type and Maturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Siirvey
Total
amount
outstanding 1/
Classification
Insurance companies
U.S. Govern-
ment accounts and
Federal
Reserve
banks
5,516
commercial
banks
470
mutual
savings
banks
2/
2/
^^^ fire,
casualty
and
marine
280
life
A87
savings
and loan
associations
State and local
governments
452
corporations
314
general
funds
Held by
all
1S6
pension
and ret irement
funds
other
investors Ji/
409
695
By tvDe security
Issued by U.S. Goyemment:
:
Treasury bills
Treasiiry notes
Treasury bonds
,
Total
By matttritv distribution:
Call classes (due or first
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Total
Maturity classes (final
maturity)
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Total
161,399
197,204
39,115
38,333
54,152
16,189
16,334
53,046
1,876
3,113
370
596
1,148
2,127
593
3,809
963
1,345
2,792
299
9,784
4,777
1S8
4,513
2,995
1,064
1,220
89,085
70,677
14,819
397,719
108,674
71,256
3,890
3,872
5,365
4,436
14,749
8,572
2,324
174,580
208,606
128,114
35,522
12,468
8,415
4,593
51,331
35,941
10,638
5,346
3,486
1,931
28,853
36,352
5,295
411
1,050
2,021
554
170
763
1,614
430
750
1,089
2,273
1,379
11,710
2,662
287
312
34
48
46
155
160
335
193
97
1,983
2,194
162
69
5,663
1,970
378
299
173
89_
512
357
442
405
431
177
105,651
42,730
15,958
4,633
3,568
2,041
397,719
108,674
71,256
3,890
3,872
207,463
126,716
38,063
5,841
7,901
11,735
50,868
35,674
11,369
2,222
3,461
5,081
28,795
36,287
5,417
215
276
266
1,041
2,014
570
138
720
1,337
751
397,719
108,674
71,256
407
14
14
50
36
4
5,365
4,436
U,749
8,572
37
24
29
5,594
1,900
517
144
197
220
435
73
1,963
2,170
206
29
49
19
11,707
2,653
298
547
244
273
1,055
2,239
1,446
161
187
276
315
561
203
246
564
105,285
42,126
16,927
2,146
3,163
4,933
,890
3,872
5,365
4,436
14,749
8,572
2,324
174,580
53
174,580
Footnotes at end of Table TSO-5.
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasxiry Survey
Total
amount
outstanding 1/
Insurance companies
Goyem-
U.S.
ment accounts and
Federal
Reserve
5,516
commercial
banks
470
mutual
savings
banks
2/
49
69
271
63
39
22
32
40
440 fire,
casualty,
and
marine
289
life
banlts
Treasury Bills
Regular weekly and annual
maturing:
Aug.
1976
Sept.
1976
Oct.
1976
Nov.
1976
Dec.
1976
Jan.
1977
Feb.
1977
Mar.
1977
Apr.
1977
May
1977
June
1977
July
1977
487
savings
and loan
associations
452
corporations
State and local
governments
186
314
pension
general and refunds
tirement
funds
Held by
all
other
investors J/
:
Total Treasury Bills
Treasury Notes
5-7/8?
Aug.
6-1/2
Aug.
7-1/2
Aug.
8-1/4
Sept.
6-1/2
Oct.
6-1/4
Nov.
7-1/8
Nov.
7-1/4
Dec.
28,141
30,786
26,794
17,553
19,863
17,181
2,930
3,105
3,203
6,257
2,612
2,977
5,809
7,686
6,483
4,119
5,042
3,742
709
904
695
1,429
846
869
2,025
2,582
2,224
1,790
2,090
1,675
522
557
748
1,324
245
553
161,399
38,333
16,334
407
1,662
3,883
4,105
2,023
1,579
4,325
1,507
2,282
1,665
5,163
2,576
1,579
2,137
65
1,895
1,562
374
100
327
137
273
143
3,088
481
87
141
576
839
770
811
470
,133
723
789
453
609
809
709
877
20
20
34
19
57
30
35
39
13
11
8
6
54
33
25
59
31
30
21
9
22
1,141
1,421
1,480
1,080
1,705
1,222
283
203
229
741
57
224
1,028
759
763
447
524
317
168
91
124
132
68
93
139
110
87
45
6
108
109
138
141
123
253
116
93
86
101
37
40
593
1,345
9,784
4,513
409
15
289
81
16
39
37
23
32
26
34
33
26
21
16
19
48
62
20
48
43
24
46
20
21
79
83
102
44
80
43
46
19
18
46
8
5
3
3
9
2
6
17,473
17,912
15,415
9,815
10,247
9,834
1,019
1,160
1,267
2,437
1,321
1,185
89,085
:
6
8
6-1/2
7-3/8
6-3/4
Feb.
Feb.
Mar.
Apr.
May
1976-L..
1976-G..
1976-C..
1976^..
1976-0..
1976-D..
1976-N..
1976-K..
1977-F..
1977-A..
1977-G..
1977 -H..
1977-1
.
Footnotes at end of Table TSO-5
39
30
34
24
48
45
56
1
3
*
5
41
3
2
1
2
2
7
26
46
26
20
34
34
66
46
39
62
70
556
136
62
132
60
18
49
147
43
30
89
48
95
75
53
127
604
955
1,614
672
772
2,003
478
929
802
1,184
1,038
598
739
...
.
.
Treasury Bulletin
68
.TREASURY SURVEY OF OWNERSHIP JULY
,,
Table TSO-3.
-
1976.
31,
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Ear values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
U. S. Govern-
5,516
47C
ajnoimt
ment accounts and
Federal
Reserve
connner-
cial
banks
mutual
savings
banks
2c^
2/
2/
life
outstanding 1/
-^^ fire,
casualty,
and
marine
banlcs
Treasury Notes fContinued)
1977-C
May
6-7/K5
1977-D.
May
9
6-1/2
June
1977-J
1977-K.
7-1/2
July
State and local
governments
487
savings
and loan
associations
corporations
IFi
pension
general and refunds
tirement
funds
:
7-3A
e-l/i,
8-3/8
7-1/2
6-5/8
7-3/4
7-1/4
6-3/8
6-1/4
8
6-3/4
6-1/2
7-1/8
7-1/8
7-7/8
6-7/8
6-7/8
7-5/8
8-3/4
6
8-1/8
7
7-7/8
7-3/4
6-1/4
8-1/2
6-5/8
7
7-1/2
7-1/2
6-7/8
7-5/8
9
7
7-3/8
7-3/8
7-3/8
7-5/8
7-3/4
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
Jan.
Feb.
Feb.
Mar.
Apr.
May
May
May
June
July
Aug.
Aug.
Nov.
Dec,
Feb.
May
June
Aug.
Sept.
Nov.
Nov.
Dec
Mar.
May
June
Aug.
Feb.
Feb.
May
May
Aug.
Hov.
8
May
8-1/8
7-7/8
Aug.
Nov.
Feb.
8
7-7/8
Kay
Exchange Series
1977-B.
1977-L.
1977-M.
1977-N.
1977-Q.
1977 -E.
1977-F.
1978-J.
1978-A.
1978 -G.
1978-K.
1978-L.
1978-D.
1978-M.
1978-F.
1978-N.
1978-P.
1978-E.
1978-C.
1978-B.
1978-B.
1979-H.
1979-D.
1979-E
1979-A.
1979-F.
1979-B.
1979-C.
1979-C
1980-C.
1980-A.
1980-D.
1980 -B.
1981 -A.
1981-C.
1981 -E.
1981-D.
1981-F.
1981-B.
1982 -A.
1982-B.
1982 -C.
1983-A.
1986-A.
567
2,983
254
59
1,690
114
66
191
108
1,242
252
340
3,328
22
244
356
166
893
1,508
754
10
2,545
631
3,603
153
1,653
538
61
1,758
152
1,130
426
59
113
5,567
235
2,667
556
774
54
60
112
1,802
1,424
1,047
607
1,997
609
59
Total Treasury Notes
Treasury Bonds
4-1/4
May
3-1/4
June
Feb.
4
2,565
5,329
2,170
1,516
4,918
2,021
3,226
3,156
2,628
3,630
2,765
2,511
8,389
2,115
3,162
2,574
/,960
2,567
4,423
3,331
2,854
5,155
2,462
8,207
2,517
4,692
2,269
1,782
4,559
2,081
1,604
2,241
2,006
2,069
7,265
2,185
4,296
1,842
2,168
2,628
2,020
2,586
4,477
2,747
2,918
2,902
7,958
5,219
197,204
54,152
1,142
1,398
2,511
1,871
807
2,702
2.353
854
1,216
46J
268
924
730
408
1,050
1.378
204
884
,296
1,333
53
1,235
503
1,055
283
209
837
681
725
650
1,590
878
1,165
1,358
1,291
1,215
1,252
1,096
1,765
639
1,369
936
1,626
830
1,265
1,056
1,268
1,153
702
1,717
1,208
1,246
941
758
763
531
168
721
730
776
577
665
421
594
755
529
521
1,010
897
316
271
462
854
691
10
36
14
53
76
57
47
44
77
72
45
48
65
79
15
22
6
16
12
21
15
46
43
48
43
27
10
44
12
31
16
62
9
22
36
22
24
11
15
66
41
77
19
45
112
10
21
38
78
34
6
28
5
33
¥
17
21
93
27
78
50
66
57
53
59
76
30
47
94
84
120
99
47
100
145
78
153
101
221
114
132
249
203
230
94
25
19
84
32
55
16
3
1
18
27
60
69
97
34
93
132
27
35
19
24
67
6
23
76
54
28
36
15
12
34
2
8
2
6
19
7
5
1
1;
101
52
90
37
102
68
25
47
12
59
101
93
48
3
14
4
16
5
42
58
5
181
12
140
84
80
27
51
46
4S
41
4
163
37
83
18
44
53
15
15
27
74
44
29
18
1
7
lAl
4
167
32
63
56
60
147
99
126
14'
67
76
133
33
220
138
140
257
61
115
41
32
20
45
18
46
31
14
6
125
15
12
13
e
22
22
56
36
19
100
96
17
36
30
120
23
5
6
1
3
2
IQ
1'
2
13
46
95
71
1
1
14
35
36
2
40
29
26
32
4
31
40
113
37
95
41
3
2
2
3
1
1
26
66
16
65
41
106
9
17
210
65
33
21
10
52
29
14
15
71
20
44
7
9
U
63
17
1
11
1
16
4
13
8
2?
*
1
6
2
6
10
6
6
17
27
5
36
23
18
9
45
23
46
15
9
66
12
702
l,14f
53,046
36
55
36
22
32
51
74
74
15
96
120
20
19
105
131
53
83
6
2, 905
695
70
138
109
42
:
3-1/2
7
6-3/8
6-3/8
3-1/4
6-1/4
4-1/4
4
7-1/2
4-1/8
3-1/2
8-1/4
6-3/4
7
8-1/2
3
7-7/8
8-3/8
3-1/2
8-1/4
Nov.
Aug.
Feb.
Aug.
May
Nov.
Aug.
Feb.
Aug.
May
Feb.
May
Feb.
May
May
Feb.
Feb.
Aug.
Nov.
May
1975-85.
1978-83.
1980
1980
1981
1982
1984....
1985
1986
1987-92...
1988-93...
1988-93...
1989-94...
1990
1990
1993
1993-98. .
1994-99. .
1995
1995-2000.
1995-2000.
1998
2000-05...
Total Treasury Bonds
Total Marketable Public Debt
Securities
Footnotes at end of Table TSO-5.
196
1,914
1,222
3,377
1,247
627
692
2,414
647
1,770
2,265
2,372
2,221
65
111
°3
39
511
212
,1
71
2
118
5
93
34
66
7
21
21
277
164
2
1
23
11
10
6
20
24
4
2
2
74
59
17
321
1,524
128
428
877
125
30
13
68
9
28
8
43
1,198
5
3
39,115
16,189
1,876
?97,71':i
108,674
71,256
2
7
5
9
352
33
85
57
4
72
24
62
40
46
5
5
1
10
28
8
74
10
10
11
125
144
1
25
8
24
74
15
191
9
112
46
10
113
35
31
65
91
6
26
5
5
3
3
«
4
26
515
23
19
7
8
23
64
34
143
17
25
9
42
109
19
79
2,127
963
5,365
35
31
3
24
6
4
14
16
119
1
1
15
12
13
128
24
19
21
4
30
3
19
9
61
73
16
142
20
134
90
21
155
1,064
1,220
5
299
188
14,749
2,324
69
September 1976
^TREASURY SURVEY OF OWNERSHIP, JULY
Table TSO-4.
-
Securities Issued by
(Par values
31. 1976.
Government Agencies
in millions of dollars)
.
.
70
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP JULY
,
31, 1976
Footnotes to Treasury Survey of Ownership Tables
2/
2/
V
Securities iseued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
Includes trust departments.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government dejxjsit accounts and Government-sponsored
agenc ies
Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
^
^
2/
8/
2/
*
Includes Export-Import Bank and Government National Mortgage Association participation certificates.
Includes matured securities outstanding on which interest has ceased.
Direct placements with State and local governments with various
interest rates and maturity dates.
Includes securities issued for use as collateral for short-term
borrowings
Obligation of the Federal Home Loan Mortgage Corporation. The capital
stock of the Federal Home Loan Mortgage Corporation is held by the
twelve Federal Home Loan Banks.
Less than $500,000,
11
September 1976
.MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
Current market quotations shown here are over-the-
31,
1976,
listed include all regularly quoted public marketable secu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Table MQ-1.
Amount outstanding
(millions)
-
Treasuiy
Bills
Securities
Treasury Bulletin
72
.MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
Table MQ-2.
-
Treasury Notes-Continued
31,
1976
September 1976
73
1
.,
Treasury Bulletin
14
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
An new
Treasury
bonds 1/
corporate
bonds 2/
S.
A.
I.
new Aa
mujiicipal
bonds
Treasury
bonds 1/
y
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds
y
Treasury
bonds \J
Aa new
corporate
bonds 2/
S.
I. A.
new Aa
municipal
bonds
y
S. I. A.
new Aa
Treasury
bonds 1/
Aa new
corporate
bonds 2/
8.32
8.21
8.60
9.04
9.39
9.59
5.61
5.89
5.92
10.13
10.30
10.44
10.29
9.22
9.47
6.75
6.55
6.64
6.33
6.33
6.86
municipal
bonds 2/
Monthly series - averages of daily or weekly series
1968
.li
.1-
!.00
.15
.15
3
Jan.
Feb.
Mar.
Apr.
May.
.14
June
.14
July,
Aug.,
Sept,
Oct.,
Nov.,
.15
.19
.;>5
Dec.
V
T.A'
4.52
4.57
tt
5.92
5.84
5.71
5.75
5.96
5.94
7.63
7.54
7.62
7.76
8.25
8.15
5.40
5.10
5.00
5.11
5.80
5.89
6.56
6.54
6.81
7.04
7.09
7.02
4.45
4.20
4.30
4.30
4.50
4.63
5.91
5.78
5.56
?.66
6.91
6.54
6.69
6.88
7.00
7.28
5.48
5.62
8.24
8.14
7.90
7.72
7.67
7.54
5.96
5.62
5.20
4.87
4.92
5.02
7.18
7.33 5/
7.30
7.22
6.93
6.77
3.65
3.63
3.65
3.45
3.60
3.70
5.74
5.86
6.05
5.34
5.85
6.05
7.29
7.33
7.76
7.54
7.62
8.04
4.75
4.80
5.10
5.13
5.20
5.60
5.62
5.67
5.66
5.74
5.64
5.59
7.36
7.57
7.53
7.77
7.61
7.63
4.99
5.06
5.29
5.30
6.68
6.66
6.77
7.05
5.22
5.26
7.01^
3.80
4.10
6.07
6.02
6.32
6.27
6.52
6.81
8.06
8.05
8.36
8.46
3.94
9.22
5.60
5.90
6.05
5.90
6.05
6.65
5.59V
7.72
7.59
7.72
7.66
7.46
7.50
5.28
5.19
5.26
5.09
6.89
6.86
6.44 5/
9.00
3.84
9.00
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
5.96
6.14
6.20
6.11
6.25
6.32
9.09
9.08
9.0O
6.22
6.00
6.15
6.25
-6.05
5.20
<.0i
10
5.05
.
:'.io
3
.
20
5.23i/
1
.
20
5.0'"
M5
4.V1
"(.30
4.70
4.75
4.92
3.30
3.35
3.45
July.
Aug..
Sept.
Oct.
Nov.,
4.93
5.09
5.33
5.38
5.55
5.04
5.09
5.24
5.36
.04
•:
Dec.
3.90
3.30
Jan.
Feb.,
Mar.,
Apr.
May.,
June.
3.40
3.50
^.50
3.55
3.8T
3.00
t
,
.
1
5.46V
1969
'--4
,
5
July.
Aug.,
Sept.
Oct.,
Nov.,
5«
6.06
6.30
6.33
6.53
6.S7
6.93
Dec.
Treasury
bonds 1/
1976
.
5.00
6.06
Aa new
corporate
bonds 2/
1."0
3.35
4.00
4.10
4.30
4.35
6.
i'>
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24
5.97
9.U
5/
8.97
8.13
S. I. A.
new Aa
municipal
bonds 2/
Treasui^-
bonds 1/
V
1972
5.59
5.70
5.69
5.51
5.63
1970
5.35
5.55
1974
4.10
4.25
4.35
4.23
4.37
4.47
1966
Jan.
Feb..
Mar..
Apr.
May..
June.
1971
6.57
6.57
6.80
6.79
7.00
7.02
5.13
5.16
5.39
5.28
5.40
1975
4.94
4.97
V
V
6.86
7.11V
7.28
7.29
7.21
7.17
1973
Aa new
corporate
bond 2/
V
6.53
6.85V
6.41
6.25
6.
"SO
S.
4.99
5.11
7.97
8.45
8.10
7.97
7.95
8.09
5.22
5.40
4.98
4.98
5.14
4.97
5.22
5.02
5.04
5.13
6.93
6.92
6.88
6.73
7.01
6.92
6.85
6.82
I. A.
municipal
bonds 2/
9.17
8.84
9.48
9.81
9.76
9.27
6.50
6.30
6.69
6.85
6.96
6.59
9.56
9.71
9.89
9.54
9.48
9.59
6.70
6.88
6.91
6.79
6.67
6.62
1976
7.61
7.67
7.75
7.70
7.69
7.73
new Aa
5.19
5.25
5.42
Treasuiy
bonds 1/
8.97
8.71
8.73
8.68
9.00
8.90
8.76
8.59
Aa new
corporate
bonds 2/
6.33
6.17
6.34
5.97
6.38
6.39
6.36
6.01
V
S. I. A.
new Aa
municipal
bonds 3/
September 1976
75
.AVERAGE YIELDS OF LONG-TERM BONDS.
76
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Tho tableu In this sei^tion are designed to provide data
on United States recerve assets and liabilities and other
statistics related to the United States balance of payments
A number of changes
and international financial position.
issues of the
were introduced in the May 1967 and July
Bulletin to increase the usefulness of this section.
im
Table IFS-1 shows the reserve assets of the United States,
including its gold stocK, special drawing rights held in thi
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve position in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
Table IFS-1.
-
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to off icial institutions of foreign countries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
IFS-5 sets forth the factors which affect the
Table
United States position in the International Monetary Fund.
IFS-6 presents a measure of weighted-average
Table
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
U.S. Reserve Assets
(In millions of dollars)
End of
.
September 1976
77
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
Liquid
liabilities
to IMF
arising from
gold transactions 1/
End of
calendar
year or
month
Shortterm
liabilities
reported
by banks
in U.S.
Marketable U.S.
Treasury
bonds
and
notes 2/
1957
1958
1959
15,825
16,845
19,428
200
200
500
7,917
8,665
9,154
n.a.
n.a.
10,120
1960 10/
20,994
21,027
800
800
11,078
11,088
10,212
10,212
1961 10/
22,853
22,936
800
800
11,830
11,830
1962 10/
24,268
24,268
800
800
1963 10/
26,433
26,394
1964 10/
29,313
29,364
'
Liquid liabilities
to other foreigners
Nonmarketable U.S.
Treasuiy
bonds and
notes 4/
Cfther
readily
marketable
liabilities
Liquid
liabilities
to
banks
6/
Shortterm
liabilities
reported
by banks
in U.S.
V
Marketable U.S.
Gov't,
bonds
and notes
Liquid
liabilities
to nonmonetary Jji-
temational and regional organizations
8/
2/2/
3,472
3,520
4,678
2,940
2,252
2,430
2,399
541
866
876
4,818
4,818
2,773
2,780
2,230
2,230
550
1,525
1,541
10,940
10,940
890
890
5,404
5,484
2,871
2,873
2,355
2,357
516
516
1,948
1,949
12,948
12,914
11,997
11,963
751
751
200
200
5,346
5,346
3,013
3,013
2,565
2,565
448
448
2,161
2,195
800
800
14,459
14,425
12,467
12,467
1,217
1.183
766
766
9
9
5,817
5,817
3,397
3,387
3,046
3,046
351
341
1,960
1,965
800
800
15,790
15,786
13,224
13,220
1,125
1,125
1,283
1,283
158
158
7,271
7,303
3,730
3,753
3,354
3,377
376
376
1,722
1,722
n.a.
543
764
1,047
1,190
29,568
834
15,825
13,066
1,105
1,534
7,419
4,059
3,587
31,144
31,019
1,011
1,011
14,840
14,895
12,484
12,539
860
860
583
533
913
913
10,116
9,936
4,271
4,272
3,743
3,744
528
528
906
905
1967 10/
35,819
35,667
1,033
1,033
18,201
18,194
14,034
14,027
908
908
1,452
1,452
1,807
1,807
11,209
11,085
4,685
4,678
4,127
4,120
558
558
691
677
1968 10/
38,687
38,473
1,030
1,030
17,407
17,340
11,318
11,318
529
462
3,219
3,219
2,341
2,341
14,472
14,472
5,053
4,909
4,444
4,444
609
465
725
722
45,755
1,019
1,019
15,97511/ 11,054
45,9M
1970 10/
47,009
46,960
1971 10/ 12/.
67,681
67,808
1972
82,861
1973
92,490
19d5
'
1966 10/
^
1969 10/
1,431
15,998
11,077
346
346
3,070 11/ 1,505
1,505
3,070
23,638
23,645
4,464
4,589
3,939
4,064
525
525
659
663
566
566
23,786
23,775
19,333
19,333
306
295
3,452
3,452
695
695
17,137
17,169
4,676
4,604
4,029
4,039
6U7
565
844
846
544
544
51,209
50,o51
39,679
39,018
1,955
1,955
9,'t31
9,534
144
144
10,262
10,949
4,138
4,141
3,691
3,694
447
447
1,528
1,523
61,526
40,000
5,236
15,747
543
14,666
5,043
4,618
425
1,626
66,86112/ 43,923
5,701
15,564 12/ 1,673
17,694
5,932
5,502
430
2,003
53,057
5,059
5,059
16,339
16,339
2,346
2,346
30,314
30,Li6r
8,803
\_119,203r
76,801
76,823
498
498
3,322
3,322
1975
126, 593r
80,650r
49,513r'
6,640r
.19,976
4,521r
8,912
29,5561' 10 ,'759r
8,305
8,414
i''V'>-July
12j,312r
124,843r
123,949r
124,101r
127,208r
126,593r
SO,340r
79,911r
78,762r
80,676r
S0,19Sr
80,650r
50,545r
50,150r
48,594r
50,lllr
49,634r
49,513r
6,180
6,296
6,472
6,644
6,485r
6,640r
19,616
19,466
19,666
19,666
19,726
19,976
3,999r
3,999
4,030r
4,255r
4,353r
4,521r
29,037r 9,337r
30,422r 9,621r
30,360r 9,854r
28,527r 9,971r
32,266r 10,200r
29,556r 10,759r
8,627r
8,950r
9,153r
9,232r
9,490r
10,028r
710
671
701
739r
710r
731r
5,628
4,598r
4,889r
4,973r
4,927
4,544r
5,628
128,196r
131,84lr
129,724r
136,714r
139,126
135, 27^
81,198r
82,326r
S2,561r
84,205r
85,630
85,139
49,487r
50,429r
50,538r
51,606
50,022
6,851r
7,027r
7,757r
8,187r
8,450
9,167
20,051
20,051
20,051
20,151
20,151
20,251
4,809r
4,S19r
5,119r
5,329r
5,423
5,699
30,964r
33,149r
30,512r
35,256r
36,476
32,681
10,504r
10,808r
10,922r
ll,579r
11,361
11,512
9,766r
10,066r
10,118r
10,758r
10,557
10,654
738r
748r
804r
821r
804
858
5,530
5,558r
5,729
5,674
5,659
5,947
1^9,364
85,799
50,447
o,416
20,151
5,785
35,047
11,835
10,947
888
6,683
Aw, 240
1974 10/
Aug
Sept
Oct
Nov
Dec
1"76-Jan
Feb
Mar
Apr
May
June
p.
July p..
12/
53,079:
49,634r,
Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Federally-3ponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable, noninteresl^bearing
special U.S. notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds a".;aitin^
investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income- earning
assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; breakdown of transactions by type of holder estimated 1960-1963.
E::cludes notes issued to foreign official nonreserve agencies.
Includes long-term liabilites reported by banks in the United
States and debt securities of U.S. Federally-sponsored agencies
and U.S. corporations.
Includes shori^term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Note;
7/
.^
1/
2/
i/
6/
8/
9/
10/
11/
12/
n.a.
p
731r
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
Includes total foreign holdings of U.S. Governnent bonds and notes,
for which breakdown by type of holder is not available.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; fig\ires on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign cxirrency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
Data on, the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks" a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December 31,
1971, as follows; U.S. Treasury certificates, $7 million; nonmarkeV
able U.S. Treasury bonds and notes, $103 million.
Includes $162 million increase in dollar value 01 foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million;. and nonmarketable U.S. Treasury notes, $147 million.
Not available.
r
Revised.
Preliminary,
;
12/
10,028l
.
Treasury Bulletin
78
.INTERNATIONAL FINANCIAL STATISTICSTable IFS-3.
-
U.S. Liabilities to Official
(
Knd of
calendar year
or month
Total
foreign
Western
Europe
1/
In millions
Canada
Institutions of Foreign Countries, by Area
01""
dollHi-^
Latin
American
Republics
other
Asia
Africa
..
September 1976
79
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-4.
-
Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(
Tn rnilHrTir
oi"
dollars or dollar equivalent)
Payable in dollars
End of
calendar
year
or month
i*y
Total-
Belgium
751
893
1963
1964
1965
1,U0
-966
1967
196S
1969
1970
1971
1972
1973
1974
1975
18,377
2,100
19,466
19,666
19,666
19,726
17,867
18,067
18,067
18,127
1,990
1,990
1,990
2,050
2,480
7,829
14,333
14,210
14,867
32
32
32
32
20
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
19,976
18,377
2,100
18,452
18,452
2,175
2,175
2,175
2,275
2,275
June.
20,051
20,051
20,051
20,151
20,151
20,251
July.
Aug..
20,151
19,801
18,552
18,202
1976-Jan.
Fet.
.
Mar..
Apr..
May..
18,452
18,552
18,552
18,652
Germany
IJ-'
329
299
1,792
695
1,563
3,330
3,181 A/
3,563
9,657
15,872
15,669 6/
16,339
19,976
V
1975 -Aug.
Sept
Oct.
Nov.
Deo.
163
354
484
353
516
1,692
1,431
Canada
1/
2,375
2,275
1,925
Italy
2/
13
_
.
80
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5.
-
U.S. Position in the International
Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
other countries
with IMF
U.S. transactions with IMF
Calendar year
or month
1946-58...
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
Payments
of
subscription in
dollars
Net
gold
sales
by nff
1/
Transactions
in
foreign
currencies 2/
2,063
IMF net
income
in
dollars
-47
i,o:-i
2
11
16
17
16
525
435
680
-84
22
712 6/
1,155
541 2/
'/54
150
,362
200
2/
-133
IS
12
15
20
20
19
25
-28
-47
-33
-59
-219
1975 -Mg..
Sept.
Oct..
Nov..
Purchases
of
dollars _2/
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
1.073
-442
-1
-25
-1
July.
Aug...
Note:
Repurchases
Total
change
Percent
of
Amount
in
U.S.
in IMF
at end of
period
quota
L/
dollars
1,098
442
580
521
719
207
5
792
1,336
442
-135
626
29
266
165
268
741
40
195
19
13
1,313
-94
-870
-1,034
1,929
1,350
694
721
-1,265
-466
-41
-17
-7
-72
2
27
22
-116
14
-87
37
-106
-76
-54
-232
-429
70
-169
-127
-15
-140
-6
-146
-280
-233
11
The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was Increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years
but only to the extent that the Fund's holdings of dollars exceed'
75 percent of the U.S. quota.
Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
1/ Beginning January 1970, Includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
i/ Represents the United States gold tranche position in the Fund (the
United States quota minus Fund's holdings of dollars), which is
the amount that the United States could purchase in foreign
currencies automatically if needed. Under appropriate conditions,
the United States could purchase additional amounts equal to the
United States quota.
U.S.
reserve
position
-5
Dec.
1976-Jan.
Feb..
Mar..
Apr,,
May..
June,,
IMF holdings
of dollars at
end of period
-556
-72
20
40
-265
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
i.mi'
29
1,958
1,997
1,555
1,690
1,064
1,035
769
863 1/
326
420
1,290
2,324
1,935
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
2,212
73
73
72
71
2, lev
5,874
5,857
5,850
5,778
5,800
2/
8/
%/
8/
72
5,693
5,617
5,562
5,393
4,836
8/
ty
8/
8/
8/
70
69
8/
l.,76U 8/
4,500 8/
4,161 8/
585
465
552
2,144
2,191
2,234
2,212
2,314
2,390
2,420
2,578
3,113
69
67
60
59
3,198
^466
56
51
Includes $259 million gold subscription to the Fund in June 1965 for
quota increase which became effective on February 23 196i:.,
In figures published by the Fund from June 1965 through January 1966
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
Includes $30 million of special drawing rights.
Represents amount payable in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
Excludes currency valuation adjustments for each month as follows
(in millions of dollars ):
Payable to
Payable to
the U.S.
ne IMF
5/
a U.S.
6/
2/
a/
1975-Aug
Sept
Oct
Nov
Deo
19
111
104
71
2
1976-Jan
Feb
Mar
Apr
26
ytoy
31
58
June
July
Aug
«
Less than $500,000,
2
12
81
September 1976
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
"
.
Treasury Bulletin
82
.CAPITAL MOVEMENTS.
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935>
pursuant to Executive Order 656O of January 15, I93U, Executive Order 10033 of February 8, 19'*9> and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin." Reports are filed with the Federal Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statistics are then consolidated, and are published by the Treasury
as promptly as possible.
The report forms £md instructions used in the collection
of the statistics have been revised a number of times.
The
most recent general revision of the report forms became effective with reports as of May 3I, I963.
1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the reeirrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability' and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled abroad, emd the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks ajid other official institutions of foreign countries, wherever located; and international ajid 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 genereU., 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 foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the liability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less.
"Longterm" refers to obligations having an original maturity of
more than one year, and includes securities having no contractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, including the branches, agencies, subsidiaries, and other affiliates in the United States of foreign firms.
Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, including the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
these categories.
Twice a year they also report their shortterm dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, nonbanking concerns report monthly their transactions in securities with foreigners; the applicable exemption level is
$100,000.
,
Quarterly reports are filed by exporters, importers, industrial and comnercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
Such firms
their liabilities or claims are $500,000 or more.
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level applicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" In six sections.
Each section contains all the data relevant to the same statistical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section
I
covers the short-term and long-term liabilities
to foreigners reported by banks in the United States.
The
data exclude the holdings of dollars of the International
Monetary Fond derived from payments of the United States
subscription tmd from the exchange transactions and other
operations of the Fund.
(Liabilities representing the "gold
investment" of the Fund, however, are included. ) The data
also exclude U.S. Treasury letters of credit, and. nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
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 and the
European Fund, which are included in the classification "Other
Western Europe
.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States , including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible foreign currencies held by U.S. monetary authorities.
Sections III
emd
IV show respectively the liabilities
.
83
September 19JC
.CAPITAL MOVEMENTS.
tc, and claims on, foreigners reported by exporters, impor-
ters, industrial and commercial firms, financial institutions
other than banks and brokers, and other nonbanking concerns
The data exclude the intercompany acin the United States.
counts of business enterprises in the United States with
their own branches ajid subsidiaries abroad or with their for(Such transactions are reported by
eign parent companies.
business firms to the Department of Commerce on its direct
investment forms ) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking concerns in the United States.
.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statistics" section. Table IFS-U).
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 ajid 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.
.
1/
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and- sellers of the" securities; in the case of outstanding issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for trtmsactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VT comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of foreigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are
the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiaries abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
IMited States balance of payments
Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
....
,
Treasury Bulletin
84
.CAPITAL
Section
I
-
MOVEMENTS.
Liabilities to Foreigners
Table CM-I-1.
-
Short-Term
Reported by Banks
Liabilities
in the
United States
by Type of Foreign Holder
{In millions of dollars)
International and regional
Foreign countries
End of
calendar year
or month
Total
shortterm
liabilities
'
Official institutions 1/
Payable
Total
Banks and other foreigners
Payable in dollars
Payable
in
foreign
currencies
Other
foreigners
IMF
gold
investment 2/
Payable
in
foreign
currencies
monetary
international and
regional
r
13,641
7,ol7
5,724
3,413
2,252
5°
742
200
542
1958
14,ol5
e,665
5,Q50
3,460
2,430
59
752
200
552
1959
16,231
o,15<i
9,154
7,076
4,601
.2,398
77
1,031
500
531
1960
17,260
10,212
10,212
7,047
4,705
2,230
113
1,442
691 4/
751
18,69°
ie,78i
10,940
10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
2,356
2,357
104
104
1,317
1,317
613 L/
613
704
704
it"j,9oe
l",f"4
11,997
11,963
11,949
11,915
48
48
7,911
7,911
5,251
5,251
2,564
2,564
95
95
2,050
2,084
800
800
1963
21,330
12,467
12,437
30
1964 5/.
23,849
23,<»0
15,224
13,220
13,224
13,220
1965
24,C72
13,066
1966 i/....
26,343
26,219
12,484
12,539
11,968
12,022
29,370
29,232
14,034
14,027
1968
30,234
1969 i/....
\':>'i>
1961 5/.
.
.
1962 v....
,°5.?
•
^
1,250
1,284
8,863
5,713
3,046
104
1,547
739 i/
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
cl8
818
11,006
7,360
3,587
59
1,479
800
679
517
517
13,859
13,680
10,023
9,864
3,743
3,743
93
72
1,381
1,381
800
800
581
581
13,882
13,876
152
152
15,337
15,205
11,132
11,008
4,128
4,120
77
77
1,287
800
800
487
473
11,318
10,855
463
18,916
14,298
4,444
173
1,483
38,631
38,736
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
226
226
1,409
1,413
800
800
60C
4,064
40,499
40,541
19,333
1^^,333
19,184
19,185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
53,632
53,661
39,679
39,018 6/
39,521
38,854 6/
158
165 7/
13,954
14,643 b/
10,034
10,721 6/
3,692
3,694
228
228
1,772
1,767
1,372
1,367
1972
59,284
40,000
39,829
171
19,284
14,340
4,618
325
1,413
1,413
1973
67,119
43,923
43,796
127 8/
23,196
17,224
5,503
469
1,955
1,955
1974 i/....
91,676
91,640r
53,057
53,079
52,930
52,952
127 8/
127 S/'
38,619
38,560r
29,676
29,507r
8,304
639
639
3,171
3,171
3,J71
8,414
89,097r
49,513r
49,513r
39,584r
29,006r
10,029r
549
5,293
5,2°3
88,209r
89,522r
88, 107r
a7,870r
91,390r
39,097r
50,545r
50,150r
48,594r
50,lllr
49,634r
49,513r
50,545r
50,150r
48,594r
50,lllr
49,634r
49,513r
37,664r
39,371r
39,513r
37,759r
4l,756r
39,584r
28,477r
29,860r
29,806r
27,891r
31,630r
29,006r
8,627
8,950r
9,153r
9,232r
9,49Cr
10,029r
560
562
554
635
637
549
Apr . , .
May. . .
June p,
o5,151r
98,159r
95,033r
102,070r
104,151
98,722
90,217r
93,638r
90,264r
96,551r
98,638
93,357
49,487r
50,429r
49,634r
50,538r
51,606
50,022
49,487r
50,429r
49,634r
50,538r
51,606
50,022
40,730r
43,209r
40,630r
46,014r
47,033
43,335
30,364r
32,507r
29,947r
34,493r
35,749
31,994
9,766r
10,060r
10,118r
10,757
10,557
10,654
600
642
565
763
727
687
July
102,057
96,441
50,447
50,447
45,995
34,381
10,947
667
.
.
<0,657
V.
1967
1970 5/.
. .
.
.
(41,719
41,761
1971 1/ ...
1975
1975^uly..,
Aug
Sept..,
Oct...,
Nov. ..
Dec
1976-Jan
Feb...,
Itor
1/
2/
y
u
5/
p.
Includes Bank for International Settlements and European Fund.
Short-term U.S. Government obligations at cost value and funds awaiting investment obtained from proceeds of sales of gold by the International Monetary E^Xind to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
Principally the International Bank for Reconstruction and Developtnent
and the Inter-Axnerican Development Bank.
Includes difference between
cost value and face value of securities in IMF gold investment accoxmt
{$U million at end 1971).
In addition, IMF gold investment included investments in U.S. Government bonds and notes which ainounted to $109 million at end I960, $187
million at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes
6/
%/
8/
p
_.
1,273
683
613
k,hkh
1<,30U
11,901
"•,583
It,l471
'',901
11,583
li,U71
5,293
5,?93
4,933
4,033
l»,5?0
,
U,769
5,519
5,512
5,365
5,616
11,520
'',769
5,519
5,51.-'
5,365
5,61i
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first tijre.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary,
Revised.
t
83
September 1976
.CAPITAL MOVEMENTS,
Section
I
-
Reported by Banks in the United States
by Type of Liability
Foreign Countries
Liabilities to Foreigners
Table CM-I-2.
-
Short-Term
Part
A
-
Liabilities
•
..
.
.
86
Treasury Bulletin
-CAPITAL MOVEMENTS.
Section
Liabilities to Foreigners Reported
by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability-Continued
Part B - International and Regional Organizations
I
-
^In millions of dollars)
Total
international
and regional
End of
calendar year
or month
IMF gold
investment:
U.S. TreaEUiy
bills and
certificates 1/
Nonmonetary international and regional orfanications
~
TerosTTs
Time
195 V.
1958.
752
200
1959.
1,031
500
1960.
1,W2
691 i/
1961.
1,317
613 i/
2,050
2,084
800
800
1562 5/
.
(
1963.
1,547
739
1964.
1,618
800
800
1965.
1,479
1966.
1,331
800
1967 5/.
1,287
1,273
800
800
(
1968....
1,483
800
1969. i/
1,415
800
1970
1,221
400
1971 5/.
1,772
1,767
400
40O
(
1972
1,413
1973
1,955
3,171
197'i_5/.
3,171
1975
5,293
1975- July...
Aug
Sept . .
Oct....
Nov . .
Dec
.
1976-Jan....
Feb
Mar
Apr.
.
May.
June p.
July p.
.
4,444
4,804
4,901
4,583
4,471
5,293
'1,933
4,520
4,769
5,519
5,512
5,365
5,616
209
V
y
2/'
87
September 1976
CAPITAL MOVEMENTS.
Section
I
-
Liabilities to Foreigners
Table CM-I-3.
-
Reported by Banks
in the
United States
Short-Term Liabilities by Country
.
.
Treasury Bulletin
88
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of July 31, 1976
Preliminary
(Position in millions of dollars)
Short-term liabilities payable in dollars
To foreign banks and official institutions
Total
short-
Country
Europe
Austria
Belgium- Luxembourg.
Denmark
Finland
Prance
term
liabilities
Deposits 1/
U.S.
Treasury
bills and
certificates
Treasury
Deposits 1/ bills and
certificates
Other 1/
:
589
1,977
.
322
446
4,408
4,961
Germany
Greece
361
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
2,410
2,182
900
250
416
2,384
9,696
80
6,288
128
2,153
578
1,793
300
438
4,258
4,763
310
2,188
2,083
847
172
274
2,342
8,732
74
5,602
122
2,130
35
34
175
209
120
328
68
90
753
767
181
607
370
305
108
219
208
1,448
h>'4
223
8
2,846
3,764
40
1,070
1,212
485
3
1,879
2,899
73
952
98
455
24
142
10
103
20
254
581
8
341
659
231
89
511
501
57
61
56
255
4,385
1
883
19
189
3,757
5
1,485
10
9
68
17
8
8
131
179
51
207
94
52
77
136
20
932
6
603
6
23
123
121
50
101
71
50
36
122
17
611
6
199
5
20
18
32
Total Europe
1 :,,",'"
ar"
Canada
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics,
Netherlands Antilles
Other Latin America
2,l2-'
"5W
T2r^
815
89
193
169
278
808
78
187
167
277
:
Total Latin America.
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
1,406
4,835
1,308
298
762
6
2,110
1,052
235
219
2,747
1,790
135
2,057
587
4,667
1,100
129
484
18, QK
i;,eio
1
1
487
544
111
43
348
97
100
46
525
466
24
1,722
345
64
1,901
951
137
263
4,449
5
527
13
100
267
21
50
118
448
10
18
1,326
100
184
5
5
1,619
507
124
154
843
840
91
271
1,407
342
123
137
833
781
79
172
QOC,
,395
195
358
21
19
37
152
14
107
29
567
190
339
20
1,369
422
9,210
242
73
818
841
211
234
28
5
10
42
1,063
788
938
1,122
288
13,631
346
636
244
8,411
868
429
906
1,101
250
13,456
331
529
214
7,841
Total Asia
Africa
187
237
568
116
117
415
123
60
95
114
761
219
313
69
,369
.560
5
8,532
39
111
3,645 2/
165
131
4,163
73
216
34
2,827
14,307
15
19
36
98
12
92
29
363
1,506
:
Egypt
236
60
123
45
Morocco
South Africa.
Zaire
Other Africa.
,010
Total Africa..
Other coxmtries
Australia
All other
227
58
105
36
2,888
185
47
76
23
629
'l-.
ObO
.l='l
181
36
1,793
,
17
13
2,118 2/
39
11
12
8
2
14
9
141
122
155
:
2,185
2,134
111
94
Total other countries
International and regional
Intemat ional
Riropean regional
Latin American regional
Asian regional
African regional
33
160
25
47
15
l,S2i-.
Total foreign countries
"sz:^
15,617
16,11"
'^TCoi
10,°47
3,062
1,675
10
61
71
1
34,898
10,95"
:
5,341
5,330
593
5
5
5
163
156
61
34
•1
?1
1
10
Total international and regional.
Grand total
^0,425
Short-term
liabilities
payable
To all other foreigners
U.S.
8
2
14
14'
in
Other 1/
foreign
currencies
)
)
89
September 1976
MOVEMENTS.
.CAPITAL
Section
Table CM-I-5.
-
I
-
Reported by Banks
Liabilities to Foreigners
in the
United States
Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Calendar year
Apr.
1975
Country
1973
1972
Western Europe
Cyprus
Iceland
Ireland, Republic of.
Cither
:
Malta
Monaco
2
11
16
5
3
21
29
10
62
6
Other Eastern Europe
Bulgaria
Czechoslovakia
Estonia
German Democratic Pepublic.
Hungary
Poland
Romania
17
20
29
7
3
9
17
Other Latin American Republics :
Bolivia
Costa Rica
Dominican Republic
Ecuador
El Salvador
Guatemala
Guyana
Haiti
Honduras
Jamaica
Nicaragua
2
2
2
6
5
5
20
36
6
55
62
87
92
123
57
73
117
6
18
42
19
lU
50
17
Para^ay
Surinam 1/
Trinidad and Tobago
Other Latin America
Bermuda 2/'
Belize British Honduras
British West Indies
French West Indies and French Guiana.
16
18
5
10
121
76
132
8
31
6
4
36
34
13
11
19
32
3
2
17
13
33
17
55
25
18
11
42
14
93
120
110
124
118
92
90
156
96
118
128
122
129
219
14
6
21
56
39
20
ll
12A
99
29
1/
17
;
(
Other As ia
Afghanistan
Bangladesh 2/
Burma
Cambodia
Jordan
Laos
Lebanon
Malaysia
Nepal
Pakistan
Singapore
Sri Lanka Ceylon).
Viet Nam
Yemen Aden
2A4
3
32
109
36
22
35
88
69
127
46
Africa
Ethiopia (including Eritrea).
F. T.A.I. (French Somaliland).
Ghana
Ivory Coast
nt.her
1/
2U
157
144
255
22
34
92
62
125
38
120
171
260
45
38
99
41
133
43
12
100
170
n.a.
7
8
9
4
375
610
1,304
5
3
19
25
72
10
2
22
9
12
18
21
65
5
3
2
4
4
4
2
i,
6
22
30
39
3
23
16
33
35
2
55
54
3
11
3
2
2
119
63
117
77
28
74
256
n.a.
58
16
180
92
22
118
215
13
13
62
2
5
13
25
91
245
14
126
79
7C
1
4
95
76
1
1
3
4
10
6
20
10
18
13
11
31
39
22
7
32
60
2
23
62
19
23
23
23
6
30
42
8
2
2
2
3
1
1
3
3
4
13
11
10
7
28
12
7
6
22
11
19
13
22
14
21
23
38
13
30
29
22
78
23
13
30
12
39
11
47
11
36
11
11
6
9
3
6
Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" geographical categories in the
regular monthly series in the Treasury Bulletin.
Surinam included with Netherlands Antilles through December 1975.
2
2/'
y
n.a.
54
n.a.
34
n.a.
20
3
135
1
1
41
54
31
62
105
141
57
19
50
49
5
11
59
77
i.
159
33
69
49
89
1/
131
3
l,b
36
43
2
i/
69
149
n.a.
128
177
116
;
Note;
104
1
flenya
Other Countries
New Zealand
U.S. Trust Territory of the Pacific Islands
28
y
31
:
Liberia
Mozamb ique
Southern Rhodes ia
Sudan
Tanzania
Tunisia
Uganda
Zambia
3
10
65
1/
107
;
(
13
10
n.a,
36
8
1/
n.a.
n.a.
39
7
6
6
2
7
12
58
y
10
1976
2
27
Al
61
22
Apr.
33
75
;
li.
Dec.
1975
33
14
53
10
12
42
Bermuda included with Bahamas pr^iM- tc Tecember 1972,
Bangladesh included vlth Pakistan prior to April 1972.
Not available.
105
34
89
n.a.
9
33
2
n.a.
n.a.
37
61
16
1
17
18
33
n.a.
n.a.
29
n.a.
.
..
Treasury Bulletin
90
.CAPITAL MOVEMENTS.
Section
-
I
Liabilities to Foreigners
Table CM-I-6.
-
^
Reported by Banks in the United States
Liabilities by Type
Long-Term
In millions of dollars
''
-a^-able
End of
calendar year
or month
Total
in dollars
roreig^n eoujitrief
long-terra
liabilities
Total 1/
10
1957.
1958.
1959.
1960.
1961.
1962.
1963.
7
69
196<i.
310
1965.
1966.
513
2
10
2
1
1
7
7
2
2
International
Official
institutions
Other
foreigners
and regional
Payable in
foreign
currencies
28
204
203
988
913
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
/J
1,858
1,863
1,807
1,807
15
15
35
40
689
698
?,4V0
2,389
1,600
2,341
1,505
8
55
40
40
913
437
695
144
165
237
53
'J02
56
777
889
789
446
20
013
417
417
93
93
238
238
87
87
562
580
21
21
1973
1974
1,462
1,285
700
464
310
124
1975
l,812r
l,395r
931r
291
261
364r
100
79
100
761
822
415
1975 -July...
Aug
Sept
Oct
Nov ...
Dec
l,633r
l,586r
l,608r
l,525r
l,561r
l,812r
l,200r
l,2Lir
l,213r
l,212r
l,263r
l,395r
S61
871
873
868
894
931r
262r
263r
261r
261r
286r
364r
77
81
79
83
83
100
432
372
395
311
297
415
1976-Jan
Feb
l,9,35r
Apr ....
May...
June p.
l,919r
2,132r
2,137r
2,134
2,311
l,627r
l,631r
l,949r
l,938r
1,997
2,123
l,027r
l,050r
l,342r
1,372
1,429
1,500
477r
473r
492r
435
431
459
123
107
115r
131
137
164
306
286
182r
197
135
189
July p.
7.''6-
2,076
1,484
450
143
285
1,494
[a:
1967 2/.
1968.
1969.
1970.
1971.
1
1972 2/.
1,
.
.
Mar
1/
2/
,
70J
n.a
n.a
n.a
7
Dollar-f ore ign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
Cata on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
106
311
506
42
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
1
1
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
n.a. Not available.
P Preliminary.
r
Revised.
.
September 1976
91
.CAPITAL
Section
I
-
MOVEMENTS.
Liabilities to Foreigners Reported by
Table CM-I-7.
-
Long-Term
Banks
Liabilities
in the
United States
by Country
(Position at end of period in millions of dollars)
1/
2/
2/
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
^
p
Includes Algeria, Gabon, Libya, and Nigeria.
Less than $500,000.
Preliminary,
r
Revised
......
Treasury Bulletin
92
-CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks
Table
CM-IM.
-
in the
United States
Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
Payable in foreign currencies
Colle:'-
Deposits
End of
calendar
year
or month
Total
shorttenn
claims
Foreign
government
obligations
banics ant and
domestic commercial
A'?cept-
Standing
Official
institutions
Other
foreigners
ances
made for
account oi account
reporting of forbanks and eigners
domestic
.for
of
reportini
Other
shortterm
claims
customer;
with foreigners
Other
shortterm
claims
and
finance
paper
tomers
rrus
1957
2,199
2,052
930
242
386
303
423
699
147
132
15
1958
2,5^2
2,344
1,268
401
439
428
421
656
198
181
16
1959
2,59"
2,407
1,304
351
498
460
516
582
192
178
15
1960
3,544
3,135
1,247
290
524
482
605
1,233
460
222
238
4,"1«
A, 777
4,177
'i,234
1,646
1,660
329
329
699
709
618
622
694
700
1,837
1,874
543
543
342
343
200
200
5,101
4,606
1,953
359
953
642
686
495
309
5,344
1,915
136
955
774
832
2,214
384
543
343
157
42
b,310
7,333
2,652
2; 773
223
221
1,374
1,403
1,055
1,150
1,007
1,135
2,600
2,621
552
803
601
624
342
336
182
187
77
102
',735
7,158
7,243
2,968
2,970
271
271
1,566
1,567
1,130
1,132
1,268
1,272
2,501
2,508
422
492
474
492
325
329
54
68
95
96
3,139
3,141
256
256
1,739
1,739
1,U3
7,853
7,399
7,433
1,X45
1,367
1,288
2,450
2,540
443
464
420
420
240
241
70
70
110
110
8,583
8,606
8,158
3,182
3,137
3,150
306
306
1,603
1,616
1,228
1,228
1,511
1,552
3,013
3,013
498
467
425
425
287
287
74
70
63
67
1,221
450
336
40
73
516
516
352
352
1961 I/....
(
1962
1963
196A 1/.
1965 1/.
1966 1/.
.
.
7,632
•
.
.
.
|.
1967 1/
1968
3,261
3,165
24"
9,680
9,063
9,165
3,281
3,278
262
262
^10, 302
10,192
3,051
13, 170
,50
3,711
^ 9,578
1969 1/
1970
1,967
1,733
2,354
1,073
1,073
1,954
2,015
3,169
3,202
658
670
119
1,946
1,943
1,720
1,212
2,389
3,985
766
2,613
2,080 2/
1,667
1,658
2,475
2,475
4,243
4,254
2,975
2,970
2,535
2,538
3,269
3,276
204
226
1971 1/ 2/.
13,272
12,328
12,377
,9'- 2/
^;96^
223
231
1972 1/
15,471
15,676
14,625
14,830
5,674
5,671
163
163
20,723
3^,056r
7,660
11,296
284
381
4,538
7,337
50,'248r
20,061
37,859r
48,938r
13,287r
6l4r
7,733r
2,838
3,579
4,939r
4,307
5,637
5,467
/,5,676r
44,498r
ll,740r
6,875r
6,352r
7,638r
7,642r
8,392r
7,733r
4,292r
4,495r
4,610r
4,519r
4,472r
4,939r
5,383
5,314
5,314
5,465
5,363
5,467
10,204
9,977
10,071
10,134
10,610
ll,135r
8,147r
8,762r
8,059r
8,824
9,532
9,110
4,652r
4,788r
4,817
4,956
5,272
5,240
5,311
5,191
5,367
5,325
5,37°
5,517
11,047
10,994
ll,148r
11,297
11,310
11,540
5,157
5,397
11,451
1973
1974
1975
1975-July.
Aug...
Sept.
Oct...
Nov..
Dec...
';5,962r
W,807r
13,'474r
45,843r
48,169r
44,706r
46,848r
''.8,752r
•47,432r
50,248r
48,938r
12,822r
12,811r
13,562r
13,287r
574r
628r
574r
649r
697r
6l4r
1976-Jan.
Feb...
Mar.
Apr .
May..
June p
51,583r
54,173r
53,580r
55,668
57,658
57,907
50,33er
52,773r
52,259r
54,219
56,240
56,347
13,495r
14,303r
13, 64 Or
14,549
15,819
15,166
697r
754
765r
769
1,014
815
59,294
57,836
16,572
.
.
.
July p
841
10,575
4,160
11,237
ll,135r
186
7?
74
352
92
166
1,107
1,679 2/
842
895
549
548
119
173
174
174
2,478
2,657
846
846
441
441
223
323
182
182
662
1,196
423
669
19,049r
l,309r
633r
114
289
301
115
238
376
17,170r
16,040r
16,499r
18,438r
17,898r
19,049r
l,178r
l,155r
l,138r
l,321r
l,319r
l,309r
611r
616r
5Slr
749r
652r
633r
296
240
236
231
340
301
271
299
320
341
327
376
20,485r
22,285r
22,105r
23,048
23,733
24,125
l,246r
1,401
1,321
1,449
1,419
1,560
696r
728
794
920
878
916
263
241
145
156
141
158
286
431
382
373
399
487
24,416
1,457
845
132
480
3,935
9,689r
X.
1/
2/
Data on the two lines shown for this date di:'ler because of changes
In reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banics on their foreign branches and those claims
of U.S. agencies and branches of foreign banks on their head offlc
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting
banks are included in the series for the first time.
Preliminary.
Revised.
,
93
September 1976
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-2.
in the
United States
Short-Term Claims by Country
-
(Position at end of period in millions of dollars)
Calendar year
Country
1972 1/
Europe
Austria
Belgium -Luxembourg
Denmark
Finl and
France
Germany
Greece
Italy
Netherl ands
Norway
Portugal
Spain
Sweden
Switzerland
TurKey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
1973
1974
1975
:
Total Europe
8
11
120
59
118
330
321
147
48
108
621
311
29
35
255
108
69
19
207
164
125
6
997
22
20
41
316
133
22
20
41
49
.'
Canada
Latin America
Argentina
Bahamas 2/
Brazil
Chile
Colombia
Cuba
Mexico
e
120
59
118
330
321
29
255
108
69
19
207
156
125
6
849
72
23
21
384
46
122
673
589
64
345
348
119
20
196
180
15
352
49
128
l,471r
441r
49
370
300
71
16
222
153
176
10
1,459
10
25
46
44
,580r
22
22
46
131
249
167
237
86
4,718r
38
27
103
114
Q.OOOr
335
15
2,911
3,067
3,970
6,255r
SQ7
1,914
1,Q55
2,776
379
476
649
379
519
549
720
3,405r
52
52
418
13
1,202
244
145
40
383
388
499
883
900
151
397
12
1,373
274
178
:
36
14
36
154
4,437
4,480
5,900
12,377r
13
,202
Panajna
Peru
Uruguay
Venezuela
Other Latin American Republics
Netherlands Antilles Ji^
Other Latin America
Total Latin America
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)...
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
l.lflSr
290
713
14
1,972
505r
518
63
704
852
62
1,142
418
244
145
40
383
388
14
55
518
493
1,203
7,577r
S,225r
360
692
13
2,813
l,052r
588
51
1,086
967
4°
l,885r
20,561r
:
Other Asia:
Middle East oil-exporting
countries 4/
Other countries
Total other Asia
Total Asia
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa:
Oil -exporting countries 5/.
Other countries
Total other Africa
1
1
31
194
87
105
4,158
296
149
191
194
93
14
87
105
5,, 152
296
149
191
140
147
16
88
155
6,398
403
181
273
300
300
392
441
771
5,58Q
5,584
8,224
16,226
21
21
35
4
5
143
13
143
13
129
61
111
18
329
104
4
115
184
2QQ
231
308
539
93
U
22
4
500
223
737
258
21
157
255
12,518
955
372
105r
491
10,753r
1,556
384
458
495
330
524
684
1,208
16,029r
:
.
Total Africa
Other countries
Australia
All other
855
:
291
40
291
40
243
466
99
Total other countries
330
330
286
Total foreign countries
15,468
15,674
20,723
39.055r
15,676
20,723
39,056r
International and regional
Grand total
565
3
15,471
9
545
34
1
Apr.
May
June p
July p
94
Treasury Bulletin
.CAPITAL MOVEMENTS,
Section II
Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of July 31, 1976
Preliminary
-
(Position in millions of dollars)
93
September 1976
^CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-IW.
-
(In millions of dollars)
End of
calendar year
or month
^
in the
Long-Term Claims by Type
United States
Treasury Bulletin
96
.CAPITAL
Section
II
-
MOVEMENTS.
Claims on Foreigners Reported by Banks
Table CM-II-5.
-
in the
United States
Long-Term Claims by Country
September 1976
97
.CAPITAL MOVEMENTS,
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of July 31, 1976
Preliminary
..
Treasury Bulletin
98
_CAPITAL MOVEMENTS.
Section
III
-
Liabilities to Foreigners Reported by
Table CM-IIM.
-
Nonbanking Concerns
Liabilities
United States
in the
by Type
(In millions of dollars)
Short-term liabilities
End of
calendar yeai*
or quarter -end
month 1/
Total
liabilities
566
1957.
Payable in
dollars
Total
Payable in
foreign
currencies
Long-term
liabilities
75
4-'l
368
71
60
83
1958.
A99
440
1959.
664
581
512
69
485
507
61]
596
424
437
674
691
583
600
510
525
73
June 2/.
756
778
673
684
563
572
111
113
83
94
Dec
833
678
569
109
155
2/.
778
817
626
665
527
551
99
114
Dec. 2/.
798
805
637
644
508
513
129
130
626
479
148
622
585
471
441
151]
700
556
144
574-
1960 2/.
1961 -Mar. _2/.
1962^une
1963
1964June 2/.
763
725
Dec.
943
958
1965 2/..
70
76
144
89
j
'I
91
j
151
}
^
161
J
146
140
j
107
210
810
(
}
136
147
1966
1,419
1,089
827
262
329
1967 2/.
1,784
1,815
1,371
1,386
1,027
1,039
343
347
428
1968.
2,737
1,608
1,225
382
1.129
1,399
1,654
387
471
2,304
3,511
4,428
1969 2/..
1,786
2,124
a4
1,725
5,780
2,677
2,181
496
3,102
1970
1971 2/.
5,863
5,901
2,704
2,763
2,229
2.301
475
463
3,159
3,138
484
469
3,603
3,119
2,635
3,417
2,948
7,892
4.006
3,290
716
3,886
9,766r
5,9l6r
5,007r
909r
J,850r
10,059r
5,930r
5,068r
862r
4,12°r
Jxine.
10,155r
5,924r
5,091r
834r
4,230r
Sept .
10,177r
5,997r
5,U9r
849r
4,180r
Dec
10,191
5,958
5,353
605
4,232
10,311
6,264
5,598
666
4,046
1973....
1974
1975 4«ar...
.
.
1976-Mar.p.
Breaks in series arising from changes in
amount to $5 million or less for any year are
cases, only the figure comparable to that for
shcnm.
Data are shown for calendar year ends and for
quarter ends for which figures are available.
Note;
1/
3,540
6,659
7,019
li)72 2/.
reporting coverage which
not shorn; in such
the following date is
most recent five
Data are also shewn
2/
for earlier quarter ends when the reporting coverage changed.
Data on the two lines shewn for this date differ because of
changes in reporting coverage. Figures oti the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shoim for
Revised.
the follcwlng date,
r
p Preliminary.
99
September 1976
-CAPITAL MOVEMENTS.
Section III
-
Liabilities to Foreigners
Table CM-III-2.
Reported by Nonbanking Concerns in the United States
-
Short-Term
Liabilities
by Country
(Position at end of period in millions of dollars')
Treasury Bulletin
100
.CAPITAL
Section
III
-
MOVEMENTS.
Reported by Nonbanking Concerns in the United States
Short-Term Liabilities, by Type and Country, as of March 31, 1976
Preliminary
Liabilities to Foreigners
Table CM-III-3.
-
(Position in millions of dollars;
Country
September 1976
101
.CAPITAL
Section
HI
-
MOVEMENTS.
Liabilities to Foreigners Reported
Table CM-III-4.
-
by Nonbanking Concerns
Liabilities by Country
Long-Term
in the
United States
Treasury Bulletin
102
.CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1.
-
Claims by Type
September 1976
103
.CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2.
-
Short-Term Claims by Country
1/ Data on the two columns shown for this date differ because of changes
in reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/
2/
Treasury Bulletin
104
.CAPITAL MOVEMENTS.
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Short-Term Claims, by Type and Country, as of March 31, 1976
Table CM-IV-3.
Section IV
-
-
Preliminary
(Position in millions of dollars)
.
103
September 1976
CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
fin millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
short-term
liquid
claims
Payable in foreign currencies
Deposits
Deposits
Short-term
investments 1/
Short-term
investments 1/
227
219
691
625
19
19
557
549
58
699
48
901
985
66
66
702
786
133
133
177
178
1968
1,306
28
1969 2/.
1,068
1,222
951
1,062
116
161
250
269
1965 2/.
1966
1967 2/.
114
57
1,192
332
847
697
150
294
1,295
1,205
1,092
1,078
203
127
354
302
1,615
1,966
1,446
1,910
169
350
408
1973.
2,625
2,588
37
539
197,;.
2,660
2,591
69
697
1975.
3,031
2,699
332
1970
1971 2/.
1972 2/.
1,965
2,373
55
197 5- June.
3,250
2,39L
2,177
2Li
July.
Aug..
Sept.
Oct..
Nov,.
3,334
3,562
3,696
3,527
3,922
3,782
2,453
2,530
2,722
2,849
3,177
246
3,031
2,207
2,291
2,456
2,498
2,709
2,699
4,206
4,416
4,410
4,936
5,175
4,923
3,456
3,642
3,745
4,263
4,512
4,307
3,081
3,265
3,352
3,851
4,087
3,962
Dec
1976-Jan..
Feb..
Mar..
Apr.
May..
June.
859
Treasury Bulletin
106
CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of June 30, 1976
Table CM-rV-6.
107
September 1976
.CAPITAL
Section IV
-
MOVEMENTS.
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-rV-7.
-
Long-Term Claims by Country
Treasury Bulletin
108
.CAPITAL MOVEMENTS.
Table CM-V-1.
-
V
in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Foreign Purchases and Sales of Long-Term Domestic Securities by Type
Section
-
Transactions
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflcw of capital from the United States)
,
109
September 1976
CAPITAL MOVEMENTS.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
Section
Table CM-V-3.
-
sales by foreigners or a net outflow of capital from the United States)
{In millions of dollars; negative figures indicate net
Calendar year
1976
through
July p
Country
Europe
Austria
Belgium-Lxixembourg.. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
1975
1974
1973
June p
May
Apr.
Feb.
July p
:
3
*
17r
-3
206
10
39
150
16
25
15
-11
-4
26
76
5
-129
70
7
5
26
23
9
7
5
-19
-3
75
137
1
16
i,
6
10
14
3
-40
2
91
10
2
30
31
-12
1
15
-23
196
96
24r
-317r
Canada
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Netherlands Antilles 1/
Other Latin America
A
267
4
242
11
20
-6
-3r
-5
-1
Total Europe.
1
64
6
:
20
1
5
78
81
-1
16
16
-1
16
21
5
Total Latin America.
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
:
15
-1
Israel
J apan
171
Korea
Philippines
Thailand
-227
-1,054
-194
-56
31
*
Other Asia:
Middle East oil-exporting
countries 2/
Other countries
Total other Asia
-142
10
-29
-10
200
-3
197
13
16
18
?,ii30
191
532
320
460
1,797
2,^*53
191
532
320
460
611
11
622
1,660
2,2d5
151
556
343
327
591
189
170r
-r
170
180
10
45
15
20
40
30
180
10
45
15
20
40
30
170
180
40
30
434
476
10
-805
434
486
-358
1,205
765
1,797
23
Total Asia.
173
-854
2
5
2
A££ica:
Egypt
Morocco
South Africa
Zaire
Other Africa:
Oil -exporting countries 2/.
Other countries
Total other Africa
25
-7r
Total Africa.
Other countries
Australia
All other
:
Total other countries
,
Total foreign countries
Interna-^.ional and regional
1/
2/
2/
p
«
r
,
470
-573
l,814r
2,932
225r
738
186r
786
AAl
-77
245
:
International
Latin American regional
Asian regional
-165
20
Total international and regional
-165
Grand total.
45
305
97r
I80r
-471
l,994r
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Truclal States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
Revised.
^
733
3,664
-803
-4
-2
-5
5
441
-77r
709r
Treasury Bulletin
no
CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Section
Table CM-V-4.
-
Position at end of period in millions of dollars)
HI
September 1976
.CAPITAL
MOVEMENTS
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
Section
Un
1/
2/
millions of doll
Through December 31, 1975, Suriiian) included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
2/
P
United Arab Emirates (Trucial States),
Includes Algeria, Gabon, Libya, and Nigeria,
.
.
112
Treasury Bulletin
.CAPITAL
MOVEMENTS.
Transactions in Long-Term Securities by Foreigners
Section V
Reported by Banks and Brokers in the United States
-
Table CM-V-6.
-
Net Foreign Transactions
in
Domestic Stocks by Country
(In millions of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States
Calendar year
10^6
1976
through
July p
Country
1973
Europe
Austria
Belgium-Luxembourg. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,
U.S.S.R
Other Eastern Europe.
197A
1975
Mar.
Apr.
May
June p
:
13
152
^39
2
18
AS
339
11
9
11
#
686
Total Europe.
-1
11
59
3
1
84r
-6
-5
5
-3
4
-1
*
-1
2
*
203
39
7
262
251
10
204
3
3
359
-51
-14
-6
4
-5
2
-1
1
3
4
-2
*
-3
13
-1
2
6
-1
1
»
1
-1
36
899
102
63
1
1
594
292
41
-3
330
-10
3
-3
366
6
6
-377
2.491r
99"
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Netherlands Antilles 1/
Other Latin America
93
6
12
*
-1
12
2,104
Canada
15r
361
1
79
26
10
10
-44
24
-27
2
«
3
-1
4
-2
31
2
-2
-1
2
3
3
4
2
2
-1
-1
-2
2
«
147
21
-47
69
20
20
*
»
«
2
2
133
199
-17
*
-47
84
48
:
2
-17
-45
7
1
-1
1
6
17
6
2-;
5
15
4
28
12
-2
-1
-1
1
-2
-3
-35
30
-13
-2
-1
23
-25
2
7
3
1
53
65
-22
-20
-1
2
3
14
11
3
Total Latin America.
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
,
India
Indonesia
:
-1
Israel
i.
Japan
Korea
Philippines
Thailand
-2
1
-1
Other Asia:
Middle East oil-exporting
countries 2/
Other countries.'^
Total other Asia
Total Asia,
Africa
Egypt
Morocco
South Africa
Zaire
other Africa:
Oil-exporting coxintries
Other countries
Total other Africa
1
87r
60
5
51
13
7
-2
-45
-1
2
22
-4
577
26
14
-1
1
l,640r
29r
l,660r
1,^46
175
153
254r
67
1
1
-Ir
-5
-2
1,33^
176
154
62
264
l,782r
1,455
180
253
^.
Total Africa.
3r.
1
Total other countries
Toted foreign countries
15
1
15
4,651r
2,781
113
International and regional-.
International
European regional
Asian regional
African j-egional
13
Latin American regional
Total International and regional
Grand total
i/
2/
13
2,790
~-r
18
4,669r
Through December 31, 1975, Surinam Included with Netherlands
Antilles '
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi
Arabia, and
the United Arab Emirates (Truelal States).
371
i/
p
»
5P2
411
266
286
276
:
Other countries;
Australia
All other
20
«
2
361
-1
1
55
113
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
r
Revised.
September 1976
113
.CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
Section
-
(In millions of dollars; negative figures ind
1/
p
r
Through December Jl, 1975, Surinam included with Netherlands Antilles
Preliminary,
Less than $500,000.
Revised.
Treasury Bulletin
114
.CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in ihe United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
Section
-
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of
September 1976
115
.CAPITAL MOVEMENTS.
V
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During July 1976
Preliminary
Section
-
.
.
116
Treasury Bulletin
;apital
V
movements.
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1975
Section
-
(In millions of dollars)
Gross sales by foreigners
Gross purchases by foreigners
Foreign securities
Domestic securities
Country
Europe
Austria
Belgium- Luxemboxirg. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
Tortal
purchases
Marketable
Treasury
bonds and
notes
Total
Corporate and
other
Bonds
Bonds
Stocks
:
66
5
31
1
98r
93r
1,501
1,513
49t
243
1,029
147
70
138
4,816r
5,081r
72
33
579t
19
2
1
160
103
1,044
1,001
46
159
776
2
32
40
85
56
93
A5
4
13
43
12
59
23
310
3,966
498
1,836
1,978
43
2
3
Canada
Latin America
Argent ina
Bahamas
Brazil
Chil»
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Netherlands Antilles and Surinam
Other Latin America
48
233
9
78
1
14
15,730r
Total airope
18
855r
29
39
l,154r
2,695
77r
446
:
Total Latin America.
16
29
131
11
101
6
4
1
4
144r
162
45
6
1
95
72
55
2
11
6
45
8
lOr
1
95
31
985
434r
2,050r
5
399
66
2
6
449r
a9r
17
441
386r
1.152r
Asia :
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
2
274r
15
31
438
Korea
Philippines
Thailand
Other Asia
1,837
1,760
1,881
Total Asia.
1,976
1,796
2,618
170
7
2
7
46
1
Africa
Egypt
Morocco
South Africa,
Zaire
Other Africa..
:
1
70
209
Total Africa..
Other countries
Australia
All other
170
:
47r
3
Total other countries.
Total foreign countries....
International and regional
International
European regional
Latin American regional.,
Asian regional
African regional
Total international and regional
Grand total
27,981r
3,8a6r
5,513
5,041
57
31
5
5,582
5,072
8,898r
Domestic securities
Stocks
sales
Marketable
Treasury
bonds and
notes
Corporate and
other
Bonds
Stocki
Foreign securities
117
September 1976
.CAPITAL
Section VI
-
Table CM-VI-1.
MOVEMENTS.
Foreign Credit and Debit Balances in Brokerage Accounts
-
Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
Treasury Bulletin
118
^CAPITAL
Section VI
-
Table CM-VI-2.
MOVEMENTS.
Foreign Credit and Debit Balances in Brokerage Accounts
-
Foreign Debit Balances (Due from Foreigners) by Country
Note:
Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in the
United States, in accounts of foreigners with them, and in
p
their accounts carried by foreigners.
Through December 31, 1972, Bemrnda included with Bahamas,
* Less than $500,000.
Preliminary.
r
Revised.
1/
September 1976
119
FINANCIAL OPERATIONS OF
Section
Table GA-II-1.
-
II
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
Treasury Bulletin
120
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
^_^^^_^_^_
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding June 30, 1976
fin thoufande of dollars)
Direct loans or credit
Agency and prcgram
Amount
outstanding
Maximum
authority 1/
Guarantees and insurance
Amount
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(Percent)
Maturity
range
y
I-Wholly owned Government enterprises
United States dollar loans
Funds appropriated to the President:
Appalachian regional development programs:
Appalach ian hous ing program
Foreign assistance:
International security assistance:
Emergency security assistance for Israel
Foreign military credit sales
Liquidation of foreign military sales fund:
Long-terra credits
Guaranteed loans
Military credit sales to Israel
International development assistance;
Bilateral assistance:
Agency for International Development:
Alliance for Progress, development loans
Common defense, economic, and triangular
trade loans
Development loan fund liquidation account....
Development loans
Hous ing guaranty fund
Community Cred it guaranty loans
Grants and other programs
0—8-1/2 ST
818
644,274
1,182,203
644,274
1,182,203
Overseas Private Investment Corporation
Total funds appropriated to the President
Agriculture Department:
Commodity Credit Corporation:
Commod ity loans
Long-term dollar credit sales
Short-term export sales credits
Storage f ac il i ty and equ ipment loans
Investments acquired in settlement of claims
Total Commodity Credit Corporation
Consumer Protection and Services:
Agricultural Marketing Service:
Millt market orders assessment fund
Farmers Home Administration: g/
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise
Nonf arm enterprise
Operating loans
Guaranteed operating loans
Recreation loans
Soil and water conservation loans
5,716
.25*
0—6
5—«.5
17,463
3,301,198
3,530,971
3/4-6
27,104 1/
27,104
139,512
139,512
6,952,033
8,123,183
3/4—6
3—6-1/8
3/4—5-3/4
3/4—6
511,098
577
1,308,680
694,285
1,075
1/2-2*
790,000
1/2—2-3/4*
5—9-1/4
8—16
3/4—6
1/2
1,966,695
11,728,527
511,675
18,967
50,000
U, 00.1, ^52
157,011
2,434,921
480,53°
4,449,329
793,174
156,944
8,994
VarioxiE
5,888,980
497
497
364,353
4,281
221,217
364,3531
4,281
221,217 V
2,576,242
34,312
1,057,436
32,893
7,384
39,222
,576,242
34,312
,057,436
32,893
7,384
39,222
793
23,548
759,817
74,318
300,827
3,558
4,518
759,817
74,318
300,827
3,558
4,518
69,858
110,453
110,453
38,906
6,802
5,470
1,276
21,403
7,686
4,653
21,403
7,686
4,653
Emergency loans
Guaranteed emergency loans
Guaranteed emergency livestock loans
Emergency loans refinanced
Indian land acquisition loans
Grazing, recreation, irrigation, and forestry
loans
Watershed works of improvement and flood
prevention loans
Resources conservation and development loans
Credit sales of real property
Programs in liquidation.'
189,000
189,000 12/
Total agricultural credit insurance fund
939,493
Footnotes at end of section.
5,716
y
411,250
-f2/1
789
13,200j
Total rural development insurance fund
.25*
17,463
789
13,200
Rural development insurance fund:
Water and waste disposal loans to associations.
Community facilities loans to associations
Business and industrial development loans
Ojaranteed business and industrial devel. loans
Credit sales of real property
1,760,519
411,250
^
Total Agency for International Development,
3
1,760,519
W
10/
12/
5,034,722 16/
191,688
49,135
1,129
1,904,098
111,076
8,228
139,483
3
2,162,885
1,904,098
111,076
8,228
149,483
10/
(years) 2/
)
September 1976
121
__ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
«,
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding June 30, 1976— Continued
{
In thousands of dollars
Treasury Bulletin
122
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding June 30, 1976—Continued
(In thousand of dollars)
)
September 1976
123
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS «
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding June 30, 1976— Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority 1/
Guarantees and insurance
Amount
outstanding
Maximum
authority 2/
Government
fee or premiun
I-Wholly owned Government enterprises
United States dollar loans - Continued
Interior Department - Continued
Water and power resources:
Bxireau of Reclamation:
Irrigation distribution systems
Small reclamation projects
Total Bureau of Reclamation
Total Interior Department
Justice Department:
Law Enforcement Assistance Administration:
Loans to law enforcement students
State Department:
Emergencies in the diplomatic and consular service
Loan to Finland - World War I
Loan to the United Nations headquarters
Loan to the United Nations
Total State Department
69,168
131,663
69,168
131,663
200,831
287, A82
Ul,390
141,390
1,958
1,958
10,000
38,978
10,000
36,978
50,936
Transportation Department:
Federal Aviation Administration:
Aircraft loans:
Guaranteed loans
Federal Highway Administration:
Right-of-way revolving fund
Federal Railroad Administration:
Loans to railroads
Trustee certificates of railroads
Urban Mass Transportation Administration:
Urban mass transportation fund
Washington Metropolitan Area Transit
Authority bonds
;
Total Transportat ion Department
Treasury Department;
Receivable from foreign banking institutions
RFC loans in liquidation
Miscellaneous loans and other credits:
Greece - World War I
Haiti
Japan - (Ryukyu Settlement
Turkey
Lend-lease and surplus property
Loan to the United Kingdom
Total Treasury Department
Energy Research and Development Administration:
Long-term receivables
General Services Administration:
General activities:
Liquidation of Virgin Islands Corporation
Miscellaneous loans in liquidation
RFC liquidation fund
Sxrrplus property credit sales
Guaranteed loans
Federal buildings fund
Total General Services Administration
Veterans Administration:
Direct loans to veterans and reserves
Education loans
Loan guaranty revolving fund:
Acquired mortgages
Guaranteed mortgages
National service life insurance fund
Service-disabled life insurance fund
Soldiers' and sailors' civil relief
U.S. Government life ins\u:ance fimd
Veterans insurance and indemnities
Veterans reopened insurance fund
Veterans special life insurance fund
Vocational rehabilitation revolving fund
Total Veterans Administration
Independent agencies:
Community Services Administration:
Community Services Administration loan fund:
Loans to individuals
Loans to cooperative associations
Total Community Services Administration
Footnotes at end of section.
159,906
300,000
25,950
27,437
24,118
33,304
95,539
270,000
.25%
705,189
50,000
2,400,000
125,000
1/4 of 1%
3/8 of 1%
997,000
997,000
1,847,728
209,974
1,695
937
1,695
937
12, 514
26
12,514
26
114,000
1,412,587
2,557,762
1,412,587
2,557,762
1U,000
4,099,521
56,111
71,961
3,734
3,734
62,571
62,571
4,875
66,305
670,200
6,539
670,200
6,539
1,010,738
1,010,738
996,177
^,831,816
11,350
10,292
21,642
Interest
range
(Percent) 2/
Maturity
range
(Years) 2/
Treasury Bulletin
124
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding June 30, 1976—Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority
Guarantees and insurance
1/
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
Loans for capital outlay: ^9/ 50/
Advances to Stadium sinking fund. Armory
Board i2/
Repayable advances to the D.C. general fund.
Total District of Columbia
Emergency Loan Guarantee Board:
Emergency loan guarantee fund
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation:
Loans to insured institutions
Loans acquired from insured institutions
Revolv ing fund
Total Federal Home Loan Bank Board
1,086,927
1,086,927
1,663
1,663
40,750
<iO,750
1,129,3^0
160,000
49,650
5i;,501
1,533,95-;
1,638,105
Interstate Commerce Commission:
Railroad loans purchased
Railroad loans guaranteed
Total Interstate Commerce Commission,
49,650
54,501
4,000,000
107,964
31,530
31,580
107,964
National Credit Union Administration:
National credit union share insurance fund.
Small Business Administration: 4j/
Business loan and investment fund:
Financial assistance program:
Business loans
Displaced business loans
Economic opportunity loans
Handicapped loans
Local development company loans
State development company loans
Trade adjustment assistance loans
Investment company assistance program:
Loans and debentures purchased
Total business loan and investment fund.
Disaster loan fund:
Financial assistance program:
Disaster loans
Total Small Business Administration.
United States Railway Association:
Direct loans
4.6'-'
733,441
247,204
231,724
12,648
196,753
10/332
1,440
2,097,425 52/
328,904
208,449
1,647,591
1,395,235
1,395,235
3,042,826
8^,224
Subtotal
Held by lending Institutions not guaranteed or
insured by the Federal Government
53,087,987
Total budget Federal agencies.
53,087,987
282,323
Off -budget Federal agencies yi/
Export-Import Bank of the United States:
Equipment and service loans
Commodity loans
Emergency loans
Discoxmt loans
Loans sold with recourse
Export-Import medium term guarantees
Certificates of loan participation
Insurance issued thrxjugh the Foreign Credit
Insurance Association:
Medium term Insurance
Short term insurance
Total Export-Import Bank of the United States.
Federal Financ ing Bank
9,906,480
52,537
131,419
331,653
12,413, U96i/l2, 413, 149
fund:
Electric systems
Appliances and equipment.
Telephone systems
Rural Telephone Bank: 66/
Telephone systems
Total Rural Electrification Administration,
Housing and Urban Development Department:
Housing production and mortgage credit:
Housing for the elderly of handicapped...
Total off -budget Federal agencies.
Total Part
I
Footnotes at end of section.
14,912,254
135,265
131,419
2,406,317
10,422,094
Rural Electrification Administration:
Rural electrification and telephone revolving
6,6A9
1,772
382
3,573,565
1,380
79,650
1,829
61,836
.
)
.
.
)
September 1976
125
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
,
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding June 30, 1976-Continued
(In thousands of dollars)
Direct loans or credit
Agency and Program
Maximum
authority 1/
Amount
outstanding
Maturity
range
Interest
range
( Percent
(Years
Il-Wholly owned Government enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance:
Bilateral assistance:
Agency for Inter-idlional Development:
Cevelopment loan fund liquidation account
Private enterprises 68/
loans
Common defense, economic, and triangular trade
All other loans
Total funds appropriated to the President.
367, 5i;7
93,342
1,312,326
525,8^1
2,304,566
Treasury Department:
Lend-Lease and surplus property.
22,904
367,547
93,842
1,313,761
527,026
3/4-8
5—40
3-5—18
3/4—7-1/8
1/2—6.5
1/2-- 58-1/2
22,904
0—2-3/8
4—41
2—42
At request of
the U.S.
Other independent agency:
United States Information Agency.
10—30
1,282
1,282
2,328,752"
Total Part II
III-Govemnient-EponEOi*ed enterprises
Farm Credit Administration:
for cooperatives:
Cooperative associations
Federal intermediate credit banks:
Production credit associations,.
Federal lamd banks:
Mortgage loans
4,412,714
4,412,714
12,115,607
12,115,607
Total Farm Credit Administration.,
34,507,591
Banlcs
Federal Home Loan Bank Board:
Federal home loan banks: 69/
Advances to membftr banks
Federal Home Loan Mortgage Corporation:
Mortgage loans
Total Federal Home Loan Bank Board
Federal National Mortgage Association ^2/-
20,771,703 70/
1,192,541 72/
20,771,703 71/
1,192,541
28,805,943
23,805,943
177,
177,443
85,455,226
Bureau of Government Financial Operations. Based on quarterly
Source:
reports received from agencies pursuant to Treasury Circular No. 966,
Revised
1/ If the maximum authority is indefinte, an amount equal to the loans
outstanding is shown in this column. Certain amounts have been noted
to indicate factors affecting the indefinite amount. Authority for
credit sales of realty and loans in liquidation is stated in aroc3unts
equal to the amounts outstanding.
2/ If the maximum is indefinite, an amount equal to the guarantees and
insurance outstanding is shown in this column. Certain amounts have
been noted to indicate factors affecting the indefinite authority.
shoffn in this column are applicable to both direct loans or
Figures
2/
credit outstanding, and guarantees and insurance outstanding if
amounts are shewn under both headings; otherwise they are applicable
to the amounts under the heading shown,
Administrative - rates are from J% to 7-7/B% on direct loans; various
rates on guaranteed loans. No statutory provisions.
5/'
Pepresents loans made in foreign currency, repayable in U.S. dollars,
6/ T!his program was transferred from OPIC to AID, pursuant to Section
222A of the FAA of 1974,
7/ Statutoiy limit for public debt borrowings is J14, 500,000 thousand,
of which $2,340,048 thousand was in use as of June 30, 1976.
8/ Peporting changes from direct to guaranteed loans represents a
reclassification of those loans.
9/ Loans made and not disposed of shall not exceed ?500,000 thousand at
any time. There is no limit on loans acquired,
10/ Administrative - difference, if any, between interest rate to borrower and interest rate to lender: statutory - borrower shall pay
such fees and other charges as the Secretary may require.
11/ Statutory- determined by the Secretary of the Treasury taking into
consideration the current average market yield on U.S. marketable
obligations outstanding with remaining periods of maturity comparable
to average maturities of the loans
12/ Administrative - not to exceed 7 years; however, last installment
may be refinanced for 5 years; statutory - may not exceed 7 years,
but may be renewed for not more than 5 years
13/ There is no limit on emergency loans that may be made.
lA/ Rate negotiated between lender and borrower. The rate shall be
15/
16/
12/
18/
^
12/
20/
21/
22/
U8
1—20
1—7
7.00—7.88
8-1/2—9-1
'2
5—40
7-1/2—9-1
'2
to
7—11.2
21,964,244
Student Loan Marketing Association
Total Part III
17,979,270
17,979,270
6-3/4—8-3/4
4-1/2—10
7.7/8—8-1/2
.
Treasury Bulletin
126
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Footnotes to Table GA-n-2.-Continued
23/
2U
25/
26/
27/
28/
^
29/
31/
32/
33/
.24/
3^/
36/
yi/
^8/
39/
40/
^1/
.42/
43/
yj
iV
'
46/
itU
j;8/
49/
$0/
5 1/
,
.52/
X^
^
^^
Administrative - direct, J%; guaranteed, 8.75^. Statutory - rate
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable obligations for comparable maturities adjusted to nearest 1/8 of 1%.
Maximum authorization shall not exceed $25,000 thousand each fiscal
year,
Administrative - direct, current interest rate for eligible (moderate
income) applicants, 95E; ineligible (above - moderate) applicants'
interest rate, 95C plus 0.5^ insurance charge. Statutory - determined
by the Secretary.
Maxunum authorization for direct and guaranteed loans amounts to
$1,500,000 thousand which has been prorated between the direct loans
and the guaranteed loans.
Represents premium on insured loans; there is no premium on guaranteed loans,
Advances shall be paid within such period as the Commissioner may
deem appropriate in each case, depending on the maturity and
solvency of the reserve fund,
Represents loans to students in institutions of higher education,
After June 30, 1980, and not later than December 31, 1980, there
shall be a capital distribution of the student loan fund and not
less than quarterly thereafter.
Loan allocations are made when needed as determined by surveys of
institutions,
Loans to students are repaid directly to the U,S, Government during
a 10-year period beginning nine months after student leaves school.
Represents estimated insurance on loans outstanding and loan reports
in process of $1,748,524. thousand.
Includes interagency holdings by the community disposal operations
fund and the Government National Mortgage Association, and loans
held by the Federal Home Loan Mortgage Corporation and the Federal
National Mortgage Association (see footnote 68 in Part III of this
table )
Represents maximum authority to borrow from the Secretary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration,
Figures as of December 31, 1975, the latest available.
Determined by the Federal Housing Administration and the Veterans
Administration.
Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings,
Includes loans of $2,779 thousand insured by the Federal Housing
Administration.
Statutory - application fee, $10 thousand; commitment fee, 0.5SK of
principal up to $30,000 thousand and 0,1^ over $30,000 thousand.
Guarantee charges, 3% of principal amount guaranteed. Annual charge,
0.5^ of outstanding amount guaranteed for first seven years, 1% of
outstanding amount guaranteed after seven years,
Loans may be paid off at any time by application of proceeds from
sales of land or capital grants or by refinancing,
Figures as of March 31, 1976, the latest available,
As provided by an act approved August 6, 1956 (70 Stat. 1046), loan
allocations to irrigation land holdings not in excess of 160 acres
are interest free. Allocation to nonirrigation uses and irrigation
land holdings in excess of 160 acres bear interest based on the average rate on certain outstanding U.S. marketable obligations,
The guaranteed loan rates are 4.467-9^,
and Federal funds rate plus
Direct loan rate is 5-1/2^.
3/^%.
These figures are stated on an estimated basis,
Includes interagency holdings by the Government National Kfcirtgage
Association, and loans held by the Federal Home Loan Mortgage
Corporations and the Federal National Mortgage Association (see
footnote 69 in Part III of this table).
Administrative - minimum period consistent with applicant's ability
to repay, not to exceed maximum maturity set by statute of 15 years
for loans to individuals and 30 years for loans to associations.
Statutory - rate of interest on loans to the District of Columbia
shall be fixed by the Secretary of the Treasury at the beginning of
the 6-month period in which the loans are made. Current rates
range from 2-5/8? to 8-3/8%.
Represents balances from the Water, Highway, General, Sanitary
Sewage and Metro Area Sanitary Sewage Works funds pursuant to
Public Law 94-333 dated June 30, 1976,
Statutory formulas set minimum rates based on yields of U.S. Government obligations of comparable maturity. Accordingly, rates charged
may exceed minimum and may vary from month to month. For March 1976,
7-3/45t for EOL and 7-7/8% for SBIC debenture purchases.
Maximum authorization totals $7,250,000 thousand, which represents
appropriations made to the Administration, This amount has been
prorated between the direct loans and the guaranteed loans,
No limitation has been placed on amount of direct or guaranteed
loans that may be outstanding at any one time.
Maturity and interest rates will be determined when the "Consolidated
Rail Corporation" assumes all obligations under Section 215 of Public
Law 93-236,
This figure repreeents the amount of participation by private entities in partially guaranteed U.S. credit programs.
This private
participation in the guaranteed loan programs of the various agencies
Amount
(In thousands
Agency
of dollars)
Funds appropriated to the President:
Overseas Private Investment Corporation
55 258
Agriculture Department:
Agricxiltural credit insurance fund:
Farm ownership loans:
Farm enterprise
ig^
Non-farm enterprise
<;
Guaranteed emergency loans
g 258
Guaranteed operating loans
3 655
Guaranteed livestock loans
75 207
Rural development insurance fund:
Guaranteed business and industrial development loans..
15,498
Commerce Department:
Economic Development Administration:
Economic development revolving funds
16,684
Health, Education, and Welfare Department:
Office of Education:
Student loan insurance fund (June 30, 1975)
503,000
Housing and Urban Development Department:
Federal Housing Administration 43/
1,748,524
Transportation Department:
Federal Aviation Administration:
Aircraft loan gxiarantees
9,993
General Services Administration:
Defense production guarantees
43 j 875
Veterans Administration:
Loan guaranty revolving fund
31,679,167
Other independent agencies:
Small Business Administration:
Risiness loan and investment fund 43/
Disaster loan fund
Total
56/
57/
$8/
59/
60/
61/
62/
63/
64/
6^/
^^/
67/
.^3/
69/
70/
71/
72/
34,776,306
Excludes $25,610,200 thousand representing securities issued by the
Federal National Mortgage Association and other institutions that
are guaranteed by the Government National Mortgage Association,
guarantees of mortgage- backed secirities fvtnd. These securities are
backed by the Federal Housing Administration insured or Veterans
Administration guaranteed mortgages held by the institutions.
The agencies shown below have been reclassified as off-budget Federal
agencies as follows: the Export- Import Bank since August 17, 1971,
by an act approved August 17, 1971 (12 U.S.C. 635 (a)); and most
outlays of the Rural Electrification and Telephone revolving fund
and the Rural Telephone Bank since May 12, 1973, by an act approved
May 11, 1973 (87 Stat, 65-71). The Federal Financing Bank was
established as an off- budget Federal agency by an act approved December 29, 1973 (87 Stat, 941), Housing production for the elderly
or handicapped was classified off-budget pursuant to Public Law
93-383, dated August 22, 1974.
Includes guaranteed interest of $16,820 thousand,
Shipment coverage rates as of June 30, 1976, were $0.13 to $5.88 on
each $100 of financed portion (contract price minus cash payment),
Guaranteed interest rate will be 1% above the Department of the
Treasury borrowing rate for comparable maturities and will be fixed
at time of authorization.
Includes guaranteed interest of $1,674 thousand.
Shipment coverage rates as of June 30, 1976, were $0.53 to $6,62
on each $100 of financed portion (contract price minus cash payment).
Shipment coverage rates as of Jtme 30, 1976, were $0,12 to $2,14
on each $100 of gross invoice value,
Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agencies.
Interest is 2% on loans made prior to May 11, 1973,
Loans made
after that date bear interest at 2% or 5% depending on certain
conditions stated in section 305 (b) of an act approved May 11, 1973
Guaranteed loans will bear interest at rate agreed
(87 Stat. 69).
upon by the borrower and the lender.
This Bank is a mixed-ownership corporation.
Interest rate is average rate ^f cost of moneys to the telephone bank
as determined by the Governor,
Represents the Cooley loan program established by an act approved
August 13, 1957 (7 U.S.C. 1704 (e)),
Figures as of December 31, 1974, the latest available.
Does not include advances of $2,266,056 thousand to the Federal
Home Loan Mortgage Corporation,
At no time shall the aggregate outstanding advances made by any
Federal home loan bank to any member exceed 12 times the amounts
paid by such member for outstanding capital stock held by it (12
U.S.C. 1430 (c)).
Consists of mortgages insured by the Federal Housing Administration
and guaranteed by the Veterans Administration amounting to
$1,727,736 thousand; less xinamortized discount of$67,049 thousand;
participations in conventional loans of $730,019
thousand;
conventional whole loans of $545,581 thousand; less loan loss
reserve of $16,000 thousand.
is as follows:
ST
615,480
1,517
Statutory.
127
September 1976
.CUMULATIVE TABLE OF CONTENTS
October 1975 through September 1976
Issues and page numbers
Dec.
Article
Treasury financing operations.
:
Federal fiscal operations
Summary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts in
Federal securities ( net)
Trust fund transactions
Selected accrual data reported by Federal agencies
Detail of excise tax receipts
Accountability of the Account of the U.S. Treasury on
an accounting basis
Summary of internal revenue collections by States
and other areas
:
1
,
Federal obligations
Account of the U.S. Treasury
Status of the Account of the U.S. Treasury
Analysis of changes in tax and loan account balances.
Gold assets and liabilities of the Treasury
:
Monetary statistics
Currency and Coin in Circulation
:
Federal debt
Summary of Federal debt
Computed interest charge and computed interest rate
on interest-bearing public debt
Interest- bearing public debt
Maturity distribution and average length of marketable interest-bearing public debt
Government account series
Interest- bearing securities issued ty Government
agencies
Participation certificates
Debt subject to statutory limitation
Status and application of statutory limitation
Treasury holdings of securities issued Iry 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
secxirities other than regular weekly and 52-week
Treasury bills outstanding
Offerings of Treasury bills
New money financing through regular weekly Treasury
bills
Offerings of public marketable securities other than
regular weekly Treasxny bills
Unmatxired marketable securities issued at a premium
or discount other than advance refunding operations..,
Allotments 1^ investor classes on subscription for
public marketable securities
Disposition of public marketable securities other
than regular weekly Treasury bills
Foreign series secxu-ities (nonmarketable) Issued to
official institutions of foreign countries
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countri es
:
,
,
,
,
United States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods, Series E through K..
Redemptions of matured and unmatured saving bonds
Sales and redemptions by denominations. Series E and
H combined
Sales "by States, Series E and. H combined
:
Apr,
May
July
Aug.
Sept.
128
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS
,
October 1975 through September 1976-Continued
Issues and page numbers
1976
1975
Sections
United States savings notes
Sales and redemptions by periods
Apr.
May
75
61
60
77
78
62
53
51
62
67
68
63
54
79
64
63
59
65
Juljr
Aug.
:
amershlp of Federal securities
76
77
78
Treasury survey of oiroership
71
67
72
68
73
69
72
73
68
69
74
70
Market Quotations on Treasury securities
End-of-month closing quotations
Chart - Yields of Treasury securities
73
74
78
commercial bank ovmership
-
62
:
Distribution by classes of investors and types of
i ssues
Estimated ownership by private investors
Treasury survey
66
73
:
81
83
Average yields of long-term bonds
Average yields of long-term Treasury, corporate, and
municipal bonds
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds
77
79
87
89
82
84
85
87
83
85
87
89
72
74
71
73
90
85
88
86
90
75
74
91
86
89
87
91
76
75
77
79
80
82
77
84
85
:
Exchange Stabilization Fund
Balance sheet
Income and expense
85
:
36
87
National bank reports
Operating Income and Expense, ami Dividends of National
Banks Calendar Year 1975
International financial statistics
U .S . reserve assets
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners
U.S. liquid and other liabilities to official
institutions of foreign countries by area
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries
U.S. position in the International Monetary Fund
U.S. net monetary gold transactions with foreign
coxintries and international and regional organizati ons
Weighted average of exchange rate changes for the
87
38
92
93
89
94
:
76
:
dollar
Capital movements
Liabilities to foreigners reported by banks in the
United States
Claims on foreigners reported by banks in the United
States
Liabilities to foreigners by nonbanking
concerns in the United States
ClaiiES on foreigners reported by nonbanking concerns
in the United States
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States,..,
Foreign credit and debit balances in brokerage accounts
89
83
93
90
91
89
95
78
78
85
86
90
8-i
94
91
92
90
96
79
79
86
87
95
96
92
93
94
91
97
98
80
81
80
92
81
87
88
88
89
94
93
99
82
89
96
102
85
85
92
93
91
92
33
:
90
100
97
10/i
98
108
105
106
104
110
93
93
100
101
110
lOi
114
111
112
110
116
99
99
106
107
103
103
110
111
109
118
109
118
116
125
117
126
120
121
127
128
96
114
108
113
115
116
114
120
120
129
lU
124
133
121
130
122
120
129
126
135
Foreign currencies acquired by the U.S. Government
ffithout payment of dollars
Foreign cxirrency transactions, summary and country uses
Foreign currency transactions, U.S. uses and trust funds
123
131
:
Financial operations of Government agencies and funds
Government corporations and other business- type
activities:
Statements of financial condition
Statements of Income and retained earnings
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund
Federal Old-age and Survivors Insurance Trust Fund...
Federal Disability Insxirance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund...
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts
138
126
127
139
:
Ul
134
131
132
128
129
136
137
138
139
140
UO
Wl
U3
135
132
210
211
135
121
159
160
147
167
168
169
171
172
173
174
176
177
148
149
150
152
153
154
155
157
158
it U.S.
Government Printing
129
130
131
133
134
135
136
138
139
Office:
1976—211-230/15
DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
TREAS
OFFICE OF THE COMMISSIONER
WASHINGTON,
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
-
553
D.C. 20226
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE, »300
FIRST CLASS
Take
stock
in^mcrica.
.
Buy U. S. Savings Bonds
Treas.
HJ
U.S. Treasury Dept.
10
Treasury bulletin,
July-Dec, 1976.
.A2
c.l
Treas.
HJ
10
U.S. Treasury Dept.
c.l
Treasury bulletin,
July-Dec. 1976.
DATE
PHONE
BORROWERS NAME
LOANED
NUWER
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