Full text of Treasury Bulletin : September 1980
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LIBRARY
WAR!
TREASURE
1 1981
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Treasury Bulletin
September 1980
DEPARTMENT OF THE TREASURY
WASHINGTON,
OFFICE OF THE SECRETARY
D.C.
September 1980
CONTENTS
Page
Article
-
Treasury Financing Operations
VI
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
8
FFO-5.
-
Budget Outlays by Function
FFO-6.
-
Investment Transactions of Government Accounts in Federal Securities (Net)
11
12
FFO-7.
-
Trust Funds Transactions
FF0.9,
-
Detail of Excise Tax Receipts
9
,.,...,
13
FEDERAL OBLIGATIONS
FO-l.
-
Gross Obligations Incurred Within and Outside the Federal Government by
Object Class
1^
FO-2.
-
Gross Obligations Incurred Outside the Federal Government by Department or
Agency
16
FO-3.
-
Gross Obligations Incurred Outside the Federal Government, Comparative
Statement by Months
18
ACCOUNT OF THE
U.S.
TREASURY
UST-l.
-
Status of the Account of the U.S. Treasury
19
UST-2.
-
Elements of Changes in Federal Reserve and Tax and Loan Account Balances
20
UST-3.
-
Gold Assets and Liabilities of the Treasury
21
MONETARY STATISTICS
MS-l,
-
Currency and Coin in Circulation
22
FEDERAL DEBT
FD-l.
-
Summary of Federal Debt
23
FD-2.
-
Computed Interest Charge and Computed Interest Rate on Interest-Bearing
Public Debt
23
FD-3.
-
Interest-Bearing Public Debt
24
FD-4,
-
Government Account Series
i5
FD-5.
-
Interest-Bearing Securities Issued by Government Agencies
26
FD-6.
-
Participation Certificates
FD-7,
-
Maturity Distribution and Average Length of Marketable Interest-Bearing
Public Debt
28
FD-8,
-
Debt Subject to Statutory Limitation
28
,?.7
FD-9.
-
Status and Application of Statutory Limitation
29
FD-10.
-
Treasury Holdings of Securities
30
PUBLIC DEBT OPERATIONS
PDO-l,
-
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
32
PDO-2.
-
Offerings of Bills
33
PDO-3.
-
New Money Financing through Regular Weekly Treasury Bills
35
PDO-4,
-
Offerings of Public Marketable Securities
37
PDO-5.
-
Unmatured Marketable Securities Issued at a Premium or Discount
42
PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable
Securities
47
PDO-7.
-
Disposition of Public Marketable Securities
50
PDO-8.
-
Foreign Series Securities
53
PDO-9.
-
Foreign Currency Series Securities
68
Foreign Currency Series Securities Issued to Residents of Foreign Countries...,
69
PDO-10.
-
//
Treasury Bulletin
CONTENTS
UNITED STATES SAVINGS BONDS
SB-l.
-
Sales and Redemptions by Series, Cumulative
70
SB-2.
-
Sales and Redemptions by Periods, All Series Combined
70
SB-3.
-
Sales and Redemptions by Periods, Series E through K
71
SB-A.
-
Redemptions of Matured and Unmatured Savings Bonds
73
UNITED STATES SAVINGS NOTES
SN-l,
-
Sales and Redemptions by Periods
74
OWNERSHIP OF FEDERAL SECURITIES
OFS-l.
-
Distribution of Federal Securities
75
OFS-2.
-
Estimated Ownership of Public Debt Securities
76
TREASURY SURVEY OF OWNERSHIP
TSO-l.
-
Summary of Federal Securities
77
TSO-2,
-
Interest-Bearing Marketable Public Debt Securities by Type and Maturity
Distribution
78
TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
78
TSO-A.
-
Securities Issued by Government Agencies
80
TSO-5.
-
Securities Issued by Government-Sponsored Agencies and D.C
t^O
TREASURY SURVEY
-
COMMERCIAL BANK OWNERSHIP
TSC-l.
-
Summary of Interest-Bearing Public Debt Securities
8?
TSC-2,
-
Interest-Bearing Marketable Public Debt Securities by Type and Maturity
Distribution
85
TSC-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
86
TSC-4.
-
Securities Issued by Government Agencies
88
TSC-5.
-
Securities Issued by Government-Sponsored Agencies and D.C
88
MQ-l.
-
Treasury Bills
MQ-2.
-
Treasury Notes
89
MQ-3.
-
Treasury Bonds
91
Chart
-
Yield of Treasury Securities
92
AY-l.
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
93
Chart
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
94
MARKET QUOTATIONS ON TREASURY SECURITIES
^
AVERAGE YIELDS OF LONG-TERM BONDS
INTERNATIONAL FINANCIAL STATISTICS
IFS-l.
-
U.S. Reserve Assests
cf5
IFS-2.
-
Selected U.S. Liabilities to Foreigners
96
IFS-3.
-
U.S. Liabilities to Official Institutions of Foreign Countries by Area
97
IFS-4.
-
Nonmarketable U.S. Treasury Bonds and Notes Issued to Official Institutions
and other Residents of Foreign Countries
98
IFS-5.
-
U.S. Position in the International Monetary Fund
IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
99
100
///
September 1980
CONTENTS
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS
CM-I-1.
-
Total Liabilities by Type of Holder
CM-I-2.
-
Total Liabilities by Type, Payable in Dollars
^^s^
-
U.S.
^°^
-
1°^
Part A
Total Liabilities to Nonmonetary International and Regional Organizations by Type,
Payable in Dollars - Part B
CM-I-2.
-
CM-I-3.
-
Total Liabilities by Country
CM-I-4.
-
Total Liabilities by Type and Country
CM-II-1.
-
Total Claims by Type (Old Series)
1°^
CM-II-2.
-
Total Claims by Type (New Series)
108
CM-II-3.
-
Total Claims by Country
109
CM-II-4.
-
Total Claims by Type and Country Reported by Banks in the U.S
110
CM-II-5.
-
Banks' Own Claims, by Type
HI
CM-II-6.
-
Banks' Own Claims by Type and Country Payable in Dollars
112
CM-II-7.
-
Domestic Customers' Claims by Type
113
CM-III-1.
-
^^^
n7
1
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS
CM-III-2.
-
-
U.S.
Dollar Liabilities to, and Dollar Claims on. Foreigners in Countries and Areas Not
Regularly Reported Separately
H'*
Dollar Claims on Nonbanking Foreigners
115
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
116
CM-IV-1.
-
Total Liabilities by Type
CM-IV-2.
-
Total Liabilities by Country
117
CM-IV-3.
-
Total Liabilities by Type of Country
118
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
CM-V-1.
-
Total Claims, by Type
119
CM-V-2.
-
Total Claims, by Country
120
CM-V-3.
-
Total Claims, by Type and Country
121
CM-Vl-1.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
122
CM-VI-2.
-
Foreign Purchases and Sales of Long-Term Foreign Securities
122
CM-VI-3.
-
123
CM-VI-4.
-
Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country...
Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country..
CM-VI-5.
-
Net Foreign Transactions in Long-Term Domestic Bonds
125
CM-VI-6.
-
Net Foreign Transactions in Domestic Stocks by Country
126
CM-VI-7.
-
Net Foreign Transactions in Long-Term Foreign Bonds by Country
127
CM-VI-8.
-
Net Foreign Transactions in Foreign Stocks by Country
128
CM-VI-9.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Date
129
CM-VI-IO.
-
Foreign Purchases and Sales of Long-Term Securities, Latest Year
130
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
124
IV
Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
Page
SUMMARY POSITIONS
FCP-I-1.
-
Nonbanklng Firms' Positions
132
FCP-I-2.
-
Weekly Bank Positions
132
FCP-I-3.
-
Monthly Bank Positions
132
CANADIAN DOLLAR POSITIONS
FCP-II-1.
-
Nonbanklng Finns' Positions
133
FCP-II-2.
-
Weekly Bank Positions
133
FCP-II-3.
-
Consolidated Monthly Bank Positions
134
FCP-III-1.
-
Nonbanklng Firms' Positions
^-^^
FCP-III-2.
-
Weekly Bank Positions
^^^
FCP-III-3.
-
Consolidated Monthly Bank Positions
'•'^
FCP-IV-1.
-
Nonbanklng Firms' Positions
''^
FCP-IV-2.
-
Weekly Bank Positions
137
FCP-IV-3.
-
Consolidated Monthly Bank Positions
138
FCP-V-1.
-
Nonbanklng Firms' Positions
1^^
FCP-V-2.
-
Weekly Bank Positions
139
FCP-VI-1.
-
Nonbanklng Firms' Positions
1'^°
FCP-VI-2.
-
Weekly Bank Positions
1*°
FCP-VI-3.
-
Consolidated Monthly Bank Positions
1^1
FCP-VII-1.
-
Nonbanklng Firms' Positions
1^^
FCP-VII-2.
-
Weekly Bank Positions
1^2
FCP-VII-3.
-
Consolidated Monthly Bank Positions
1^3
FCP-VIII-1.
-
Nonbanklng Firms' Positions
1^^
FCP-VIII-2.
-
Weekly Bank Positions
1^^
FCP-VIII-3.
-
Consolidated Monthly Bank Positions
1^^
FCP-IX-1.
-
Nonbanklng Firms' Foreign Subsidiaries' Positions
FCP-IX-2.
-
Weekly Bank Foreign Office Positions
FCP-IX-3.
-
Monthly Bank Foreign Office Positions
FRENCH FRANC POSITIONS
GERMAN MARK POSITIONS
ITALIAN LIRA POSITIONS
JAPANESE YEN POSITIONS
SWISS FRANC POSITIONS
STERLING POSITIONS
UNITED STATES DOLLAR
POSITIONS ABROAD
'^'*^
1^^
1'*''
V
September 1980
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
page
FEDERAL CREDIT PROGRAMS
GA-II-1,
-
Direct Sales and Repurchases of Loans
GA-lI-2.
-
Direct and Guaranteed koans Outstanding**
Cumulative Table of Contents
Note:
Details of figures may not add to totals because of rounding.
,
Iaq
150
157
.
Treasury Bulletin
VI
Treasury Financing Operations
Auction of 2-Year Notes
On
August
auction
SA,500
million
of
million
notes
of
2-year
notes
maturing
August
31,
with
1982,
interest
was
were
after
set
accepted
on
$2,975
to
raise
yield
due
1980,
2,
A coupon rate of 11-
determination
the
a
and
basis,
which
to
as
average
the
tenders
which
of
translated into an average accepted price close to 100.000.
D.
C
for
received
notes were
the
million was
accepted at
99.904 up to 11.26%,
ranging
yields
1:30 p.m.,
until
from any one bidder were accepted in
full at the average yield of accepted tenders,
11.24%, price
The S4,502 million
These totaled $1,162 million.
99.799.
price
from 11.18%,
Noncompetitive tenders
price 99.765.
for SI million or less
of accepted tenders also included $705 million of tenders at
the average price
from Federal Reserve Banks as agents
notes,
registered
auction
accepted
average
at
million
$570
process,
from
price
were
tenders
of
Government
accounts
and
Reserve Banks for their own account in exchange for
Federal
and
securities maturing August 31, 1980.
and to mature August
1980,
received
were
13.
They totaled $6,456 million,
inc luding
accepted,
tenders
issued
average
the
at
and
price
agents
as
and
monetary authorities.
1981.
Bearer
C.
notes
Reserve
Federal
at
with
notes,
registered
as
interest
The
banks
of
regular
$1 ,328
to
Federal
foreign
of
Treasury
the
19
announced
that
it
were
would
auction S3, 000 million of 5-year 2-1/2-month notes to raise
new cash
F-1985,
1985,
The notes offered were Treasury Notes of Series
.
to
with
be
September
dated
interest
payable
each year until maturity.
3,
May
on
due
1980,
15
and
November
November
15
15,
in
A coupon rate of 11-3/4% was set
after the determination as to which tenders were accepted on
a
yield
basis,
the
average
of
which
translated
into
an
average accepted price close to 100.000.
Tenders
EDST,
for
the
notes
were received until
1:30
p.m.,
August 27 and totaled $7,433 million, of which $3,001
million was
accepted
at
yields
ranging
100.103 up to 11.78%, price 99.759.
for SI mi 1 lion or
less
from 11 .69%,
99.835.
In
price
Noncompetitive tenders
from any one bidder were accepted in
full at the average yield of accepted tenders,
11.76%, price
These totaled $441 million.
addition to the S3, 001 million of tenders accepted
in the auction process, S65 million of tenders were accepted
at
the
for
cash
average
foreign
and
price
from Federal
international
Reserve
Banks
as
of
noncompetitive
million
of
Reserve
and
the
bills
Banks
for
international
average bank discount rate was
weekly
Treasury
agents
monetary authorities for new
bills
in
August
These issues were offered for cash
the
In
13-week series there were three issues of
$3,800 million and one issue of $4,000 million.
week
series
issue
there
of
were
three
$4,000 million.
and
interest
Auction of 5-Year 2-1/2 Month Notes
August
to
and in exchange for bills maturing in the amount of $27,175
million.
and
authorized to be issued in denominations of $5,000, S10,O00,
SI 00, 000 and SI, 000. 000.
On
and
19
13-Week and 26-Week Bills
Date of issue
and
The issue was to
8.963%.
Washington,
,
attached,
coupons
princ ipal
to
and
were
of which $4,000 million
million
$100
public
the
from
themselves
one
branches and at the Bureau of the Public Debt
D.
,
Tenders were opened on August
raise $455 million new cash.
was
13.
bills maturing August
$3,545 million of
issues
In
the 26-
of $3,800 million and
Average
issues are shown in the following table.
Tenders
attached
interest
On August 7 tenders were invited for approximately
$4,000 million of 359-day Treasury bills to be dated August
Issues
addition to the $4,502 million of tenders accepted
In
coupons
principal
52-Week Bills
totaled $30,800 million.
the
interest
to
and
$10,000, $100,000, and $1,000,000.
for maturing securities.
in
with
as
banks
Washington,
,
for
international monetary authorities in exchange
foreign and
Reserve
Federal
at
authorized to be issued in denominations of SI, 000, $5,000,
19,
August 20 and totaled $9,999 million, of which $4,502
EDST,
Bearer
.
notes
refund
Tenders
received
branches and at the Bureau of the Public Debt
payable on February 28 and
August 31 in each year until maturity.
1/8%
would
it
refund
to
1980,
to be dated September
Notes of Series V-1982,
31,
that
The notes offered were Treasury
$1,525 million new cash.
August
were
Tenders
announced
Treasury
the
12
rates
for
the
new
VII
September 1980
Treasury Financing Operations—Continued
accompany all
on
tenders submitted
book-entry
the
records
for
of
bills
the
to
be maintained
Payment
Department
of
the
A cash adiustment will be made for the difference
Treasury.
funds
between the par payment submitted and the actual issue price
as
for
determined
in
the
auction.
No
deposit
or
in
week,
tenders from incorporated banks and trust companies and from
a
like
may
bills
52-week
and
of
amount
par
securities
Treasury
Payment for 13-week,
maturing on or before that date.
accompany
need
accepted tenders must be made or completed
on the date of issue, in cash or other immediately available
be
not
made
credit
by
26in
Treasury tax and loan accounts.
responsible and recognized dealers in investment securities
for
bills
to
be
maintained
on
the
book-entry
records
of
.
A deposit of
2
Series
Foreign
Nonmarke table
Federal Reserve banks and branches
Securities
-
Foreign
percent
Governments
of
the
par amount
of
the
bills
applied
for must
accompany
Dollar
tenders
for
such
bills
from
others,
unless
an
denominated
official
institutions
guaranty of paynent by an incorporated bank or trust company
consisting of
accompanies the tenders.
(without stated price),
usually
million.
for $500,000 or less from any one bidder,
for each
issue of
13-week, 26-week, and 52-week bills, are accepted in full at
the weiRhted average price of accepted competitive bids for
an issue.
7
$1,196 million.
foreign
Noncompetitive tenders
foreign
express
series
in
bills.
At
August
series securities issued
totaled
SI, 264
to
million,
Redemptions during the month totaled
the end of August,
securities
dollar denominated
outstanding
(Details are shown on page
67-)
totaled
$19,408
September 1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-1.
-
Summary
of
Fiacal Operationi
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Footnotes to Table FFO.-L
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates are based on the Current Budget Estimates, July
1980, released on July 21, 1980, by the Office of Management and Budget,
For detail see Table FFO-2.
1/
For detail see Table FFO-3.
The joint Treasury-Office of Management and Budget Press Statement,
3/
released with the Monthly Treasury Statement, has adjusted these totals
to include operating expenses and interest receipts of the Exchange
Stabilization Fund. The totals in the press release are $A93.b billion
for outlays and $-27.7 billion for the deficit.
For detail see Table FFO-6.
Beginning fiscal 1975, balances "Within general account of the U.S.
5/
Treasury" are presented in columns 9 and 13.
Represents holdings of special drawing rights, less certificates issued
6/
to Federal Reserve banks.
Represents activity of the International Monetary Fund.
Includes: public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 197^,
the gold balance.
Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
9/
certain corporations to private ownership; fiscal 1970 reclassification
of Commodity Credit Corporation certificates of interest; fiscal 197A
conversion of interest receipts of Government accounts to an accrual
Also includes
basis; and net outlays of off-budget Federal agencies.
rural electrification and telephone revolving fund since May 12, 1073,
Postal Service fund since July 1973, Federal Financing Bank since
July 197^, housing for the elderly or handicapped fund from August
22, 197^, through September 30, 1977 and Pension Benefit Guaranty
Corporation since September 17 197^,
For detail see Table FD-6.
10/
r
Revised.
n.a. Not available.
7/
8/
,
September 1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Badfet Receipt! by 8e«ree
-
.
,
.
4
Treasufj Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Source— Continaed
I
Social
In
millions of dolldrsi
insurance
Excise taxes
con
t
r
i
bii
t
i
on<
-
Vt seel Kineous
Fiscal year
or month
Net
social
insurance
taxes and
con tri
bu t ions
l"'l
4S ,57S
51 ,114
,542
76 ,780
86 441
12 714
25 ,751
1172
117?
1074
M
l<>75
1176
T.o
1177
1178
1171
I
OS 688
123 410
Ul
511
1180 (F.St.).
(Est.)
160 ,512
184 ,519
ll'l- July...
10,566
17,164
10,801
1,384
14,433
1181
Au^
Sept...
Oc t
Nov
Dec ...
.
'".O-.I.in
Feb
Mar
Apr.
.
.
May
June,
,
luly...
Fiscal 11S0
to date.
.
.
8,fi75
10,"=)
16,857
11,419
13,886
20,787
10,793
10,253
129,341
10
4/
\irport And airwav trust fund
-ichwav trust fund
September 1980
,
FEDERAL FISCAL OPERATIONS
,
i
^
;r|ti
=o
o>
mo
o
o
o
o
CO
o
o
C\i
o
o
'-
o
CM
O
to
^
in
..
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
-labia FFO-8. - Budfat
OutUya by Afancy
(In millions of dollars)
Fiscal year
or month
Legislative
branch
The
judi-
ciary
Executive
Office
Funds appropriated
of
the
P res ident
the
Pres iden
to
t
384
1971
1972
1973
1974
1975
1976
487
540
625
726
4,'j4U
173
183
205
T.Q
1977
1978
1979
976
1,049
1,077
85
392
16
73
435
480
80
4,269
3,731
4,015
3,572
3,525
1,221
2,487
3,450
7,537
1980 (Est.)
1981 (Est.)
1,311
1,314
597
549
100
116
7,577
5,964
1979-July..
Aug
Sept..
Oct...
Nov...
Dec.
96
97
84
89
38
779
225
.
.
.
.
1980-Jan...
Feb...
Mar...
Apr,
.
May.
.
.
June
.
.
July..
Fiscal 1980
to date.
.
97
105
HI
92
91
113
92
89
108
75
284
325
13
79
75
-517r
396
348
887
857
471
55
34
56
38
38
68
38
40
11
39
7
57
50
60
9
1,668
629
487
254
257
-158
1,17b
A^r icu ture Depar tmen t
I
H
Clomnierce
Uepartinen
t
September 1980
FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget OotUya by Agency-Continoed
(In millions of dollars)
Fiscal year
or month
1
o
"
1
1972
1973
Justice
Department
Labor
Department
916
1,180
1.531
1,797
2,067
7,923
10,033
8,639
8,966
17,649
1,21.1
25,74i
551
State
Department
AM
Treasury
Depar tment
Transporta
t
Environmental
Prutec tion
Agency
ion
Depar
ment
t-
7,247
7,531
8,181
8,112
U
U
7lM
763
,114
2,032
2,5iO
3,118
1,10K
4,365
4,071
4 JOO
5,662
5,519
1977
1978
1979
2,350
2,397
2,522
5,905
22,374
22,896
2 2,6 50
59,^17
1980 (Est.).
1981 (Est.).
2,688
2,551
29,593
39,356
1,920
2,163
18,573
17,687
74,800
80,400
1,679
-2,104
1979- July
Aug
210
215
Sept
Oct
Nov
191
255
229
190
2,097
2,240
1,555
1,701
1,697
2,069
102
348
122
255
138
139
1,443
1,518
1,462
1,746
4,301
4,671
4,360
4,653
5,330
9,804
232
199
205
262
234
202
231
2,113
2,458
2,482
2,486
2,465
2,555
3,494
108
186
154
186
185
86
1,786
1,163
1,325
1,552
1,299
1,671
233
2,240
23,524
1,672
T.Q
Dec
1980-Jan
Feb
Mar
Apr
May
June.
.
.
July
Fiscal 1980
to date ...
Fiscal year
or month
11,936
3,003
12,514
13,452
59,48b
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,000
Other
275
6,792
6,674
8,605
7,256
1,584
8,484
7,660
4,759
1974
1975
1976
568
591
730
844
1,061
316
1,076
1,252
,548
Interest
on the
publ ic
debt 4/
1
'1,247
548
1,707
1 ,
1,741
.i'<,605
5,125
5,475
5,427
5,764
5,837
10,678
5,485
l,257r
-89
-329
1,582
-285
-1,045
1
,
456
461
424
521
452
483
19
479
-122
42 7
50
419
482
474
445
485
2
1,820
91
.7 7s
1,330
4,667
Treasury Bulletin
8
.FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undittribvted Offsetting Receipts
September 1980
.FEDERAL FISCAL OPERATIONS
u
9
o
n
o
1^
a
Treasury Bulletin
10
FEDERAL FISCAL OPERATIONS.
<a
o
I
a
o
a
3
.a
p
9
n
o
f
September 1980
11
.FEDERAL FISCAL OPERATIONS.
TabU FFO-6.
-
Invaatmant Tranaactiona of Oovernment Aceonnta in Federal Secnritiea (Net)
(In millions of dollars)
12
Treasury Bulletin
FEDERAL FISCAL OPERATIONS.
o
at
I
^
o
•-B
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a
o
1)
^-
O
0)
u,
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5. -O -H O
n)
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September 1980
13
.FEDERAL FISCAL OPERATIONS.
Table FFO-9. - Detail of Excise Tax Receipts
fin thousands of dollars)
Fiscal year
1977
Type of Tax
Alcohol taxes ^/
Di still ed spirits
Wines
Beer
Fiscal year
1978
:
,
Total alcohol taxes
Tobacco taxes
Cigars
Cigarettes
Other 2/
:
3,827,460
180,676
1,398,497
3,999,566
189,535
1,423,614
5,406,631
5,612,715
37,128
2,357,519
38,050
2,408,425
4,4 38
1^/
3,854
Total tobacco taxes
2,398,501
Manufacturers' excise taxes
Gasoline
Lubricating oil etc
Tire, tubes, and tread rubber
Passenger automobile chassis, bodies, etc. _3/
Truck and buses, chassis, bodies, etc. 2/
Parts and accessories for automobiles, truck, etc
Pistols and revolvers
Fishing rods, creels, etc
Firearms (other than pistols and revolvers)
Shells and cartridges
Bows and Arrows
Black lung, total
Underground mined coa I - 50c
Underground mined coal 27.
Surface mined coal - 2 5c
Surface mined coal - 27.
Fuel economy i*/
Other 5/
2
,
4 50
,
9
1 3
:
,
4,322,077
100,929
792,957
-2,657
598,084
159,287
13,352
25,416
32,554
22,286
4,376
4,444,484
105,227
846,313
77
817,228
181,474
15,223
28,351
34,499
23,543
6,794
52,464
n.a.
n.a.
n.a.
n. a.
n.a
4
Total manufacturers' excise taxes
6,555,681
Retailers' excise taxes
Noncommercial aviation gasoline 6/
Noncommercial aviation fuel other than gasoline 7/
Diesel and special motor fuels
Other i_/
:
10, 390
30,014
440,190
10,954
31,289
481,427
1,708,778
1,656,736
957,251
55,147
58,296
6,563
6,632
22,788
1,110,613
64,011
70,488
7,300
1,048
6,637
22,609
226,209
237,603
Total retailers' excise taxes
Miscellaneous excise taxes
Telephone and teletypewriter exchange service 8/
Transportation of:
Persons by air ^/
Property by air \0^/
Use of international air travel facilities 11 /
Coin-operated gaming devices 12/
Wagering occupational tax
Wagers
Use tax on civil aircraft \_i/
Use tax on highway motor vehicles having a "taxable gross
weight" exceeding 26,000 pounds
Firearms transfer and occupational taxes
Foreign insurance
Exempt organ i zations, total
Net investment income l^/
Self dealing ^5/
Excess business holding Ij^/
Taxable expenditures 1_7/
Failure to timely file certain information returns \^/
Failure to distribute income 19^/
Investment which jeopardize charitable purposes 2(^/
Employee pension plans, total
Excess contributions to an IRA 21^/
Tax on underdlstributions from an IRA 22/
Prohibited transactions 2_3/
Tax on excess contributions to an HR- 10 Plan Tl/
Failure to meet funding standards 2^/
Tax on excess contributions to custodial accounts 21/
Failure to file registration statement
(IRC 6652"(e)(l))
Failure to file notification of change
(IRC 6652 (e)(2))
Failure to file statement required by section 60^7 or 6058(IRC6652f
Failure to furnish individual statement ( IRC 66*30)
Failure to furnish individual statement ( IRC 6692)
Failure to provide IRA reports (IRC 6693)
Crass roots excess expenditures over nontaxable amount 25/
Lobbying expenditures over non-taxable amount 25/
Black lung beoafit truate, total
."T.
:
776
589
704
38,917
80,631
78,592
51,909
92,419
83,950
6,110
212
3
103
912
809
2,067
1,732
2,990
2,409
16
46
298
2
216
1
25
74
.
Windfall profit tax
Other V
26^/
Total miscellaneous excise taxes
Total Federal Tax Deposits, amounts received with returns and
subsequent payments
Unc lassified exc ise taxes
Total excise taxes
79
1,014
1,265
3,165,171
17,519,589
18
157
61
1
,
.
Treasury Bulletin
14
.FEDERAL FISCAL OPERATIONS
,
Footnotes to Table FFO-9.
The figures shown include
Internal Revenue Service reports.
Source:
collections for credit to special accounts for certain island
possessions.
Floor stock taxes are included with the related
c lasses of tax.
Note:
Detail may not add to totals because of rounding.
1/
Releases showing details are published quarterly.
2/
Includes taxes on cigarette papers and tubes and miscellaneous toba
^/
kf
col lee tions.
Taxes on passcngtr automobiles and light trucks repealed December n,
These data reflect refunds.
l'>7l under the Revenue Act of l'i71.
Tax rates for I'iHQ automobiles range from $200 (less than 1^ MPC) to
$^^0
less than
1 MPC).
Includes taxes on items which were repealed by Public Laws 87-A56,
88-16, and M'l-^^, 9l-5n, *»l-i.nn, and t)i.-i5'i.
Under the Airport and Airw.iy Revenue Act of 1*^70, effective July I,
1**70 rate ^ cents per gallon.
Under the Airport and Airway Revenue Act of l'»70, effective July 1,
I'WU rate 7 cents per gallon.
Rate of A percent effective January 1, 1978; 3 percent January 1,
(Public Law 91-6K).
1979; and 2 percent January 1, 1980.
Under the Airport and Airway Revenue Act of l'i70, effective July 1,
to 8 percent on domestic airline passenger
1970, rate increased from
fares.
Under the Airport and Airway Revenue Art nf ri70, effective July 1,
l''70, ratt 5 percent.
Under the Airport and Airway Revenue Act of 1470, effective July 1
1970, tax of S3-00 per person.
Beginning July I, 1972 subject to credit up to 80% for State taxes
Maximum credit
imposed on such devices (Public Law 92-178).
increased to ^bX effective July 1, 1978 (Public Law 95-600).
$211 per year with an additional 2 cents per pound on nonturbine
engine powered over 2 500 pounds or 3-1/2 cents per pound on turbine
(
*)/
6/
l_f
H/
2/
1
">
10 /
/
1
\2 l
1
i
/
,
\i*l
,
engine powered.
Reduced from ^ percent
Tax of 2 percent on net investment income.
effective for taxable years beginning after September 30, 1977
(Publ ic Law 45-600).
15/
16 /
Disqualified persons, 5 percent of amount involved; foundation
If not corrected within
manager, lesser of $10,000 or 2-1/2 percent.
90 days, 200 percent on disqualified person and lesser of $10,000 or
50 percent on foundation manager.
Foundation, 5 percent of excess holdings.
If not corrected within 90
days
200 percent.
Foundation, 10 percent of improper expend 1 ture foundation manager,
lesser of $5,000 or 2-1/2 percent.
If not corrected within 90 days,
foundation, 100 percent; foundation manager, lesser of $10,000 or
50 percent.
Penalty of $10 per day, not exceed $5,000.
If
Foundation, 15 percent of amount which should have been paid out.
not corrected within 90 days, 100 percent.
An initial tax of 5% imposed on investments which jeopardizes
foundations exempt purpose (Code Sec. ^9^4), 57, (not to exceed $5,000)
on managers (if applicable) or second level tax of 25% (57, on managers)
if jeopardy situation continues.
Tax of 6 percent on excess amount.
Tax of 50 percent on under d istribution.
If not corrected within
Tax of 5 percent of prohibited transaction.
10 days, additional 100 percent tax can be imposed.
percent on accumu a Ced funding def ic iency
Tax of
,
1
7/
\^l
19 /
20/
21 /
2
2/
23 /
Ih/
25 /
26 /
A
r
'i
1
of taxable lobbying expenditures,
Tax on the windfall profit from domestically produced oil at rates
from 30 precent to 70 percent, effective March 1, 1980,
Less than $500,000.
Not available.
n.a.
Revised.
257„
15
September 1980
.FEDERAL OBLIGATIONS.
at
the point at which
to
in
the Government makes a firm commitment
or services and are the
acquire goods
events --order
characterize
They are recorded
the Federal Coverninent.
controlled
key
the basis on which the use of funds
are
"Obligations"
is
,
del i very ,
payment,
f
irs
t
of
the four
con sumption --which
the acquisition and use of resources.
In gen-
and similar transactions requiring the dis-
bursement of money.
to a uni
for
wages, for example
and
salaries
sonnel
form se
t
which are based upon the nature of the transAll payments
action without regard to its ultimate purpose.
compensation
,
,
are re per ted as per-
whether the personal services are used
in current operations or in the construction of capital
they consist of orders placed, contracts awarded, ser-
eral,
vices received,
are classified according
Obligations
of categories
Federal agencies and firms
often
it ems.
do business with one
another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements.
In Table
FO-1, obligations that are incurred wi thin the Government are
The obligational
strategic
point
in
s
tage of Government transactions is a
gauging
the impact of
the Government's
Tables FO-2 and
for business
firms
the Government commi tment which
stimulates business investment, including inventory purchases
and
employment
of labor.
Disbursements may not occur
months
after the Government places
itself
usual ly
economy.
causes
for
its order but the order
immediate pressure on the
private
3
counts
those
incurred outsidethe
show only those incurred ou tside.
first published in the September
were
Government,
da ta for the admin is trative budget fund ac-
Obligation
operations on the national economy, since it frequently represents
from
distinguished
l'^67
Treasury
Bulletin and the trust fund accounts were first published in
the October
Bulletin,
adopted
1967
the
Bulletin.
Beginning with the April
pursuant
to
the recommendations of
the President's
Commission on Budget Concepts.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, April 30, 1980
(in millions of dollars)
1968
data are on the basis of the budget concepts
1
Treasury Bulletin
16
.FEDERAL OBLIGATIONSTable FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, April 30, 1980
(In millions of dollars)
ractual services and supplies
Personal services & benefits
Benef i
Class
i f
ica tion
Legislative Branch 2_l
The Judic iary
Executive Office of the President
Funds appropriated to the President:
International security assistance...,
International development assistance.
Other
Agriculture Department:
Commodity Credit Corporation
Other
Commerce Depar tmen t
compen-
Personnel
benef i ts
sat ion
1/
ts
for
former
personne
Travel and
transports tion
of persons
Transportation of
things
Rent, communica tions
and
utilities
l")
1
1
81
42
10
16
2
70
33
1,262
564
Defense Department:
Military:
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies
Civil defense
,
a, 64b
7,24<)
173
205
157
115
22
0,062
442
6,746
251
131
27
Total military
Civil
Energy Department
Health, Education, and Welfare
Depar tmen t
Housing and Urban Development Dept:
Government National Mortgage
Association
Housing for the elderly or
handicapped ^1
Other
Interior Department
Justice Department
Labor Depar tmen t
S tate Department
Transportation Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
Other
Environmental Protection Agency
General Services Administration
National Aeronautics and Space
Administration
Veterans Admin is tration
Other independent agencies:
Export-Import Bank of U.S
Small Business Administration
Tennessee Valley Authority
Other
Total
Off-budget Federal agencies 4/:
Postal Service
Rural Electrification Administration
revolving funds
Pension Benefit Guaranty
Corporation
Total Off-budget Federal
agencies
440
388
204
345
228
30O
65
153
1,097
381
5
20
331
18
247
232
11
<}02
40
768
388
203
657
1,410
116
39
22
26
49
1,498
176
389
405
2,416
6
77
623
676
40,852
64
2
60
45
41
26
19
93
6
32
Printing
and
reproduc tion
Supplies
and
ma terials
September 1980
17
FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, April 30, 1980-Continaed
(In millions of dollars)
Grants and fixed charges
Acquis! t ion of
capital assets
Classification
Lands
and
struc-
Equipmen t
tures
Legislative Branch 2_/
The Judiciary
Executive Office of the President
Funds appropriated to the President:
International security assistance
International development assistance..
Other
Agriculture Department:
Commodity Credit Corpnration
Other
Commerce Department
Investmen t s
and
loans
Grants,
subsidies,
and contributions
Insurance
c laims
nd indemni ties
Interest
Vn-
and
vouchered
dividends
I'ndi
uted
s
tr ibI'.S,
obi ita-
Total
gross
obi igat ions
incurrea
655
39
256
269
688
8
31
-50
2,174
1,619
810
255
5
1,075
2
34
163
3,112
10,190
333
,101
22
2
103
440
2,01<1
3<52
2
5,625
b,472
311
2
14t)
134
6,802
24,581
1,436
Defense Department:
Military:
Department of the Army
Department of the Navy
Department of the Air Force.
Defense agencies
Civil defense
Total mil
i
8
11,633
30,741
214,424
27
64
5
1
tarv.
Total
5
1,637
774
5
184
83
21
539
22,646
22
-11
40
3 7
164
645
581
21
17
3
12
120
2,176
1,054
328
8,181
406
2,494
11
3
6
809
11
81
463
79
3
11
7,7 54
2
7,177
47
109
27
5,952
2,026
1,672
13
10
75
111
1,594
91,465
3,264
13,110
1
384
6,721
51
351
3,992
1,315
3,234
18,644
34
1,950
1,144
497
66
5,289
4,533
3
Source:
Reports on Obligations, Standard Forms 225, from agencies.
Note:
Agency shifts are shown in this table beginning with the periods
of such shifts.
The amounts for the complete fiscal year are adjusted
at that time.
For purposes of this report this object class is considered as totally
within the Federal Government except for the Department of Defense and
Transportation Department, U.S. Coast Guard.
Includes reports for Library of Congress, Government Printing Office,
2^/
40
3,698
3,554
1,415
10,246
1,342
4,960
32,594
230
5,952
100,338
2,059
2,237
2,594
219
378,332
5,708
Off-budget Federal agencies 4/;
Postal Service
Rural Electrification Administration
revolving funds
Pension Benefit Graranty
Corporation
Total Off-budget Federal
agencies
W
3
126
ther
Environmental Protection Agency....
General Services Administration,,.,
National Aeronautics and Space
Administration
Veterans Administration
Other independent agencies:
Export-Import Bank of V.S
Small Business Administration....
Tennessee Valley Authority
Other
2
11,033
Civil
Energy Department
Health, Education, and Welfare
Department
Housing and Urban Development Dept:
Government National Mortgage
Association
Housing for the elderly or
handicapped ^/
Other
Interior Department
Justice Department
Labor Depar tmen t
State Department
Transportation Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
f. .
9,247
709
25
1,182
.TOr! Gfnrr.tl
Aicountinv nifi,e <'nl\.
luidtirtarv account
This fund was reclassified from .in off-budget to
pursuant to an act approved Oct. 4, 117-^
11"3,
Administration
Electrification
Rural
4/ Postal Service since July 1,
revolving funds since May 12, 1173, .ind Pension Benefit Cuarant\ Corporation since Sept. 1^, 1974.
* Less than $500,000.
3/
.^
18
Treasury Bulletin
FEDERAL OBLIGATIONS.
<u
«
a
o
u
>
e
u
- ?
•
«
^
a
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o
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September 1980
19
ACCOUNT OF THE
U.S.
TREASURY
Source and Availability of the Balance in the Account of the U.S. Treasury
is maintained in
The operating cash of the Treasury
Treasury's accounts with the Federal Reserve banks and branAs
the
balances in the
tax loan accounts.
ches and in
accounts at the Federal Reserve Banks become depleted, they
are restored by calling in (Wi thdrawing) funds from thousands
authorized
of financial institutions throughout the country
to maintain tax and loan accounts.
Deposits to tax and loan a^ccounts occur in the normal
course of business under
form procedure applicable to
all financial insti tut ions whe reby customers of
financial
institutions deposit with them tax payments and funds for
the purchase of Government secu rities.
In most
cases
the
transaction involves merely thi
transfer of funds from a
customer's account to
the tax and loan account in the
same
financial
institution.
On occ.asions, to the extent authorized by the Treasi-ry, financia 1 insti tut ions are permitted
to deposi t in these accounts
p roceeds from subscriptions to
public debt securities entered for their own account as well
as for the accounts of their cu stomers
Under authority of P.L. 95-lA 7, the Treasury implemented
o invest
a portion of its
a program on November
2, 1978
operating cash in obligations of d eposi taries maintaining tax
and loan accounts Under the Treas ury Tax and Loan investment
program, depositary financial
inst itutions select the manner
Depositaries
in which they will participate in the program.
that wish to
retain funds deposit ed in their tax and loan
accounts in interest-bearing
obi igations participate under
remi t the
funds
the Note Option; deposi tar ies that wish to
Reserve banks particto the Treasury's account at Feder al
ipate under the Remittance Option.
.
Table UST-1.
-
The tax and loan system permits the Treasury to collect
funds through
financial institutions and to leave the funds
in Note Option depositaries and in the financial communities
in which they arise until such time at the Treasury needs the
funds for its operations. In this way the Treasury is able to
neutralize the effect of its fluctuation operations on Note
Option financial insti tuti on reserves and the economy.
Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury operating balance
_1/
through
Available funHs in
demand accounts at:
End of
fiscal year
or month
Total
Federal
Reserve
banks
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
1977.
1,Z7«
2,34'.
4,038
2,919
5,773
1,975
3,299
5,740
1978.
1979.
lb 64
7
489
Treasury tax
and loan note
accounts
Funds in process
of collection
Other
3/
Federal
Reserve
depositaries 2/
Other
depositaries 4/
Time deposits
and other
interestbearing
demand
accounts
Other
demand
accounts
5/
Coin
currency
and coinage
metal
Miscellaneous
items
419
184
147
-18
5,797
17,687
22,444
24,176
257
253
11
33
275
138
15
33
14
38
557
45
138
38
632
683
51
32
717
-6
-19
-21
-19
56
31
139
106
88
343
7
252
24
3
276
369
235
441
471
187
179
117
135
54
41
19
35
70
195
175
76
55
31
586
60 2
752
819
818
717
Balance in
account of
the U.S.
6/
Treasury
8,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
7,372
7,634
8,433
6,152
1,475
2,854
4,119
3,364
Gold
balance
108
129
70
54
46
50
109
107
107
106
9,911
11,310
13,741
10,352
8,868
16,065
18,597
20,531
23,691
25,277
570
632
7,867
25,277
11,398
6,557
17,085
Sept.
Oct..
Nov.
Dec.
3,542
6,489
2,209
2,590
4,075
3,408
17,687
8,251
6,950
24,176
10,460
3,001
5,591
166
253
178
175
11,849
15,924
268
734
-5
1980-Jan..
Feb..
2,931
2,417
13,671
8,271
322
14
57
30
782
-6
272
20
55
-7
2,334
4,561
4,523
3,199
5,820
13,869
6,139
10,893
205
1,184
233
384
20
123
59
30
30
8 32
Mar..
Apr.
May.
June.
89 2
59
30
895
17,801
11,891
9,350
20,715
13
83
60
30
30
869
855
11,887
15.449
July.
Aug..
3,954
2,742
6,478
16,602
10,688
8,154
18,430
10,662
14,092
10,432
12,494
309
500
12
59
61
30
30
833
803
11,664
13.883
1979-Aug..
.
.
.
Bureau of Government Financial Operations.
Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
^/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
^/ Will not agree with daily Treasury Statement due to rounding.
4/ Represents funds in process of collection by (a) the U.S. Treasury
36
6
Source:
\l
_5/
y
and (b) commercial banks which have been authorized to defer credit
Data prior to January 1972 included in
until checks are collected.
"miscellaneous items" columns.
Represents demand deposits in National, Foreign, and other bank depositaries previously included in time deposits.
The free gold balance can be readily converted to available funds with
Federal Reserve banks.
Less than $500,000.
.
s
1
20
Treasury Bulletin
.ACCOUNT OF THE
Table UST-2.
-
Elements of Changes
U.S.
TREASURY.
in Federal Reserve
and Tax and Loan Note Account Balances
(In millions of dollars)
Credits and withdrawals
Federal Reserve accounts 1/
Fiscal year
or month
Tax and loan note accounts
Credits 2/
Received
directly
Proceeds from sales of securi ties
Received
through rewithdrawals 3/
mittance option
tax and loan
depositaries
1970
Wi thdrawal
Marketable
Nonmarketable
issues
issues
6
1
1971
1972
1973
1974
,
h.H
10, -571
725,280
810,481
209,758
875,071
952,116
983,693
1979-Aug.
Sept
Oct.
Nov.
Dec.
1980-Jan.
Feb.
Mar.
Apr
May.
June
July
Aug.
54,068
93,247
69,962
86,495
94,200
80,428
4,2 78
5,128
5,551
96,748
72,143
95,177
98,192
84,496
87,351
90,618
100,389
115,391
113,302
104.647
95,983
92,984
4,604
4,707
5,467
5,546
5,168
6,882
5,363
5,455
93,099
95,839
105,939
118,710
118,508
112,853
100,591
99,651
4,402
4, 171
9,072
2,897
722,427
804,282
208,434
872,627
951,209
1,047,919
1970
1971
1972
1973
1974
1975
1976
T.O
1977
1978
1979
1979-Aug.
Sept
Oct.
Nov.
Dec.
19eO-Jan.
Feb.
Mar.
Apr.
May..
June
July.
Aug..
Source:
_!/
2^/
_3/
4/
-.1.11
151 ,721
3,314
3,270
3,104
3,366
3,676
910
3,908
3,838
2,666
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
302,496
296,809
151,146
164,920
185,669
209,267
224,412
223,877
59,367
271,033
306,334
299,475
183
138
156
147
139
22,963
29,298
22,120
23,301
30,762
23,146
29,436
22,276
23,448
162
126
22,883
25,527
2 3
116
107
96
30,620
30,959
25,779
37,241
24,436
22,582
1
93
90
79
J.
30,901
,
04 5
25,65!
30,736
3'
,066
25,875
37,334
24,526
25,661
140,317
5 2,900
164,645
184,874
211,545
229,090
227,494
58,105
271,787
I
30 3,901
287,585
10,503
15,157
31,712
28,698
22,053
21,223
31,053
33,187
23,017
33,605
32,580
28,941
22,387
Low
High
Tax and
Loan Note
Accounts
!
( transfers
to
Federal Reserv
accounts)
During period
End of peri
Fiscal year
or month
Federal
Reserve
Total
credi ts
V
1
19,175
15,812
1975
1976
T.O
1977
1978
1979
'</
Federal
Reserve
Tax and
Loan Note
Accounts
Federa
Reserve
Federal
Reserve
Tax and
Loan Note
Accounts
61
73
1,077
973
1,894
2,342
2,102
2,786
5,105
7,824
8,035
6,946
4,741
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,670
5,818
Tax and
Loan No te
Accounts
894
846
1,737
800
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
16,647
6,489
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
5,797
17,687
1,916
1,987
3,392
5,017
4,361
9,766
11,972
13,296
16,115
16,647
16,647
7,990
3,532
10,251
10,854
9,340
7,249
4,260
4,456
6,286
8,134
17,687
3,542
6,489
2,209
2,590
4,075
3,408
17,687
8,251
11,849
4,012
6,489
4,301
3,446
4,139
10,129
17,687
12,331
5,829
13,354
2,438
2,786
2,209
2,48 7
2,274
3,408
1,225
5,943
765
286
3,021
4,073
3,105
3,065
2,963
6,942
9,406
8,901
2,814
6,303
13,671
8,271
5,820
13,869
6,139
10,893
6,478
9,752
3,961
4,545
3,827
5,534
4,523
5,056
4,047
4,246
15,400
10,348
9,920
13,869
10,722
12,783
9,301
9,848
2,474
2,222
1,7 39
2,793
5,081
87
3,110
3,379
2,772
2,647
2,828
2,925
3,120
3,297
9,099
8,171
4,379
4,193
5,453
5,735
5,389
5,873
2,931
2,417
2,334
4,561
4,523
3,199
3,954
2,742
1,001
Bureau of Government Financial Operations; figures are on bas
of telegraphic reports.
Figures are from the revised Daily Treasury Statement, effective
July 1, 1974.
Prior data not available.
Represents transfers from Tax and Loan Note Accounts, proceeds from
sales of securities other than Government Account Series, and taxes.
Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account
Series, etc.
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.
y
b/
*
520
7
2,8 54
1,204
1,199
67
287
118
508
76
1,702
1,479
2,387
1,941
3,265
2,044
273
Includes United States savings bonds, savings notes, retirement plan
and tax and loss bonds
United States savings notes first offered
for sale as of May I, 1 967 and were discontinued after June 30, 1970.
Retirement plan bonds f irst offered for sale as of January I, 1963;
tax and loss bonds firs t issued in March 1968.
Taxes eligible for cred it consist of those deposited by taxpayers in
withheld income taxes
the Tax and Loan deposi taries, as follows:
beginning March 1948;
axes on employers and employees under the
Federal Insurance Contr Ibutions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; a number of excise
taxes beginning July 19 53; estimated corporation income taxes
beginning April 1967; a 11 corporation income taxes due on or after
March 15, 1968 and FUTA taxes beginning April 1970.
Less than $500,000.
September 1980
21
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
22
Treasury Bulletin
.MONETARY STATISTICS.
Table MS-1.
-
Currency and Coin
in Circulation
23
September 1980
.FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal Debt
24
Treasury Bulletin
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
or month
Total
interest-
Nonmarke table
bearing
public
Bill
debt
1/
Treasury
notes
395,289
425,350
456,353
473,238
532,122
619,254
633,560
697,529
766,971
319,007
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
485,155
506,693
35,577
94,548
100,051
105,019
128,569
151,198
151,505
156,091
160,935
161,378
104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
267,855
2 74,24 2
792,344
500,400
165,459
270,803
1979-Aug.
Sept
Oct.
Nov.
Dec.
812,095
819,007
825,736
832,730
843,960
509,187
506,693
515,033
519,573
530,731
150,489
161,378
161,692
165,100
172,644
277,582
274,242
280,832
279,723
283,379
1980-Jan.
Feb.
Mar.
Apr.
May.
June
846,517
854,591
862,211
868,866
873,529
876,275
535,658
540,636
557,493
564,869
567,560
566,735
175,522
177,422
190,780
195,296
195,387
184,584
283,990
286,814
290,390
291,831
291,532
301,455
July
Aug.
880,395
888,733
576,145
583,419
191,491
199,306
302,625
300,251
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1979-Mar.
Treasury
bonds
53
U.S.
savings
bonds
23
September 1980
FEDERAL DEBT.
Table FD-4.
-
Government Account Series
Treasury Bulletin
2(i
.FEDERAL DEBT.
Table FD-5.
-
Interest-Bearing Securities Issued by
Government Agencies
21
September 1980
FEDERAL DEBT.
FD-6. - Participation Certificates
(In millions of dollars
-
face amounts)
..
Treasury Bulletin
28
.FEDERAL DEBT.
Table FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In fTiilHons of dollars)
End of
fiscal year
or month
Amount
outstanding
privately
held
5-10
10 -20
years
years
Within
year
years
1177
1178
1171
161,861
165,178
167,861
164,862
210,382271,782
214,515
326,674
356,501
380,530
74,803
79,501
84,041
8 7,150
115,677
151.723
153,203
161,329
163,811
181,883
58,557
57,157
54,139
50,103
65,852
81,151
14,84 5
113,311
132,113
127,574
14,503
16,033
16,385
14,117
15,385
24,169
31,247
33,067
33,500
32,271
117H-Mar.
362.693
178,474
132,501
29,414
1179- luly
Aug.
Sept
Oct.
Nov.
Dec.
383,102
384,771
380,530
389,074
390,431
402,226
183,277
182,811
181,883
182,217
180,676
110,403
129,462
130,607
127,574
134.205
133,276
133,173
33,555
32,392
32,279
32,325
34,319
36,512
1180-Jan..
Feb..
Mar.
June
408,300
414,647
430,036
435,283
433,175
431,893
112,821
115,614
208,542
207,142
201,899
198,365
135,132
137,442
137,514
141,912
140,8)5
147,756
36,713
37,513
40,151
40,111
36,317
39,715
July
446,255
210,106
149,215
39,426
1
1171
1172
1173
1174
1175
1176
T.n
Apr
May.
1
-
5
6
20 years
and over
Average length
\_f
September 1980
29
FEDERAL DEBT,
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C.
authority
Act, and the face amount of
of that
obligations
guaranteed as to principal and interest by the United States,
at
June
any
in the aggregate $400
exceed
shall not
time.
28,
1980,
debt limit
billion
outstanding
Public Law 96-286 provides that beginning
and
ending
on Feb.
shall be temporarily
28,
The
757b), as amend-
ed, provides that the face amount of obligations issued under
1981,
the
increased by $525
on
Public
billion.
that
tions
Act
of June ^0,
1<167
(Public law
provides
*}0- ("i)
the face amount of beneficial interests and participa-
issued under section 302
Mortgage Association Charter Act
the fiscal year
added to
1968 and
fc) of
the Federal National
(12 U.S.C,
outstanding
at
1717 (c) during
any time shall be
the amount otherwise taken into account in
mining whether the
deter-
requirements of the above provisions are
met.
Part A. - Status Under Limitation
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
Total public debt subject to limit
Other debt subject to limit:
Guaranteed debt of Government agencies
Specified participation certificates
Total other debt subject to limit
Total debt subject to limit
Statutory debt limit
Balance of statutory debt limi t..,...,.,,,,,,..,.......
$693,424
^92
30
Treasury Bulletin
.FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
31
September 1980
.FEDERAL DEBT.
Footnotes to Table FD-10.
Bureau of Covornment Financial Operations.
Source:
Till -.c securities were issued to the Treasury in exchange for adNote:
vancpb by the Treasury from public debt receipts under congressional
authorizations for specified Government corpora t ions and other aeenFurther detail mav be found in
c les to borrow f rum the Treasury.
the 117'* Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages ilO-41'i, and the l'W8 Combined Statement of Receipts,
txpenditures and Balances of the United States Government, pages
'")58-'ibO.
1
/
2/
Beginninc fiscal I'lS? figures exclude notes
And predecessor a^enc ies.
previously issued -by the Administrator in connection with informational
media guaranties.
The obligation for these notes was assumed by the
Director of tlic I'nited States Information Agency, pursuant to the act
approved July 1"^, l^Se (22 I'.S.C. 1^^2), 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 Hortuage Insurance Fund), Rural Housing
Development Insurance Fund.
In'iurance Fund
and Rura
Tnclndr's seturititb transferred frum tlic Reconstruction Finance
1
,
|"l"
it
Mdy
tht L
»-.U,
hr Dr p.irtmrnt of F.dirc
1
t
5/
I
'i
huubing loan pn.^r.i
U'
t
i
on
.
Consists uf notes is sued to burrow fur: public lacililv oans Low
Rent Public Hmisin^ Fund; and Housing for the Elderly or Handicapped.
I
;
Cons ists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, I'l'j't, and
notes issued by the Association under authority of that act (12 U.S.
C. 1711 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Recons truction Fi nance Corpora ti on.
Public Housing Administration 1160-1061; Federal Housing Administration beginning January 1166; Housing Assistance Administration from
September '>6>t-December r'hO.
1
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 1164.
%f Consists of notes issued by the:
International Communication Agency
Secretary of
for informational media guaranties ( see footnote 1)
""ommerce (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 1939-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 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974;
Federal Railroad Administration, rail service assistance, beginning
January 1976, and regional rail reorganization, April, 1976;
Bonnerville Power Administration beginning September 30, 1977;
Secretary of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977^ and advances for the National Flood Insurance Fund.
J^/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
8^/
;
EB
..
B
F
.
A
Treasury Bulletin
52
.FUBUC DEBT OFEKAIIONS
Tahb PDO-L
Maturity Scheduk of IntereBt^earing Marketable Public Debt Securities Other
than Regular
Wed)y and 62-WeA Treaany BOk
August 31, 1980
OutBtauiiiig,
{In millions of dollars)
Amount of maturities
Amount of maturities
Date
of final
maturity
Description
Held by
Issue
date
Date
of final
y
Held by
Description
Issue
date
maturity
U.S. Govt,
accounts and
Federal Re-
U.S. Govt,
accounts and
Federal Reserve banks
serve banks
1980
Sept. 30..
Sept. M..
Oct.
1..
Oct.
31..
Nov.
15..
Nov.
15..
Nov.
30..
Dec.
Dec.
6-7/87.-E
8-5/87.-T
1-1/27.-EO
8-7/87.-U
3-1/27.
7-1/87.-J
9-1/47.-V
5-7/87.-F
9-7/87.-W
Note
Note
Note
Note
Bond
Note
Note
Note
Note
9/14/76
10/2/78
10/1/75
10/31/78
10/3/60
11/15/77
11/30/78
12/7/76
1/02/79
2,141
3,906
158
731
1,983
3,175
3
3,790
1,723
4,600
3,195
2,692
3
,
1985
Feb.
Mar.
May
May
3
420
595
805
365
546
3,370
1,128
3,795
2,830
2,654
3,002
.May
^ Aug.
Aug.
15
3
15
15
87. -A
14-3/87.-D
10-3/87.-C
3-1/47.
15,75-85 4-1/47.
15
15
8-1/47.-B
9-5/87.-E
Note
Note
Note
Bond
Bond
Note
Note
2/15/78
3/3/80
12/4/79
6/3/56
4/5/60
3/15/78^
6/5/8ir-
Total
4,203
2,719
2,539
670
969
4,837
3,293
1,498
260
36
172
347
1,624
19,230
U
All
other
investors
2,705
2,459
2,501
498
622
3,213
3,214
15,212
1986
Total.
1981
Jan.
Feb.
Feb,
Feb.
Har.
Mar.
Apr.
Apr.
May
May
May
June
June
July
Aug.
Aug.
Aug.
Aug.
Sept
Sept.
Oct.
Oct.
Nov.
Nov.
Nov.
Dec.
Dec.
25,596
Note
Note
Note
7-3/87.-C
9-3/47.-Q
Note
Note
6-7/87.-H
Note
9-5/87.-R
1-1/27.-EA Note
9-3/M.-S
Note
7-3/87.-D
Note
7-1/27.-H
Note
9-3/W-T
Note
6-3/M.-J
Note
9-1/87.-U
Note
9-3/87.-V
Note
77.
Bond
7-5/87.-F
Note
8-3/87.-N
Note
9-5/87.-U
Note
Note
6-3/47.-K
10-1/87.-X Note
1-1/27.-E0 Note
12-5/e7.-Y Note
Note
7-3/47.-B
77.-G
Note
12-1/87.-Z Note
7-1/47.-L
Note
11-3/87.-AB Note
9-3/47.-P
30.
15.
15.
30
30
31
15
15
15
31
30.
30..
1..
31..
15..
15..
30.
31..
31..
1/31/74
2/15/79
2/18/75 ^
2/28/79 1
3/8/77
4/9/79
4/1/76
4/30/79
1/26/76
2/15/78
5/31/79
6/3/77
7/2/79
7/31/79
8/15/71
7/9/76
8/15/73 •!
8/31/79
9/7/77
10/9/79
10/1/76
10/31/79
11/15/74
10/12/76
11/30/79 .
12/07/77
12/31/79
31..
15..
15..
28..
31..
31..
1..
30.
11-1/27.-N
6-3/87.
6-1/87.-D
13-7/87.-P
7-7/87.-G
1
57.-Q
1-1/27.-EA
.
11-3/81-R
May
May
Hay
May
June
June
15..
15..
15..
30,.
9-1/47.-K
9-3/87.-S
e-l/47.-H
8-5/87.-T
July
51..
-7/87.-U
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
31
30..
.
15...
15...
30...
1...
15...
15...
31...
87.-A
77.-
e-l/87.-B
97.-M
8-3/e7.-J
1-1/27.-EO
7-7/87.-C
7-1/87.-F
9-3/87.-L
Aug.
Aug.
1..
15..
30..
15..
15..
3,861
2,609
2,424
119
669
244
577
4,225
3,208
3,730
13,816
67,480
550
280
632
4,023
1,686
2,638
3,948
2,573
3,440
496
4,073
8-1/47.-A
8-3/47.-B
Note
Note
5/15/76
11/15/76
9-1/47.-A
10-3/47.-B
Note
Note
5/15/79
11/15/79
3t1/27.
-1/47.
Bond
Bond
2/14/58
4/7/75
10-3/47.-A
Note
Hay
Nov.
Total
1992
Aug.
Aug.
1993
Feb.
Feb.
Feb.
Aug.
Aug.
Nov.
Note
7/31/80
5,337
Note
Note
Not^
Note
1,754
2,488
2,421
2,902
2,737
3,205
780
239
459
2,122
2,498
2,746
70,078
12,078
1
1
2,149
S,809
2.918
118
901
218
2,455
2,717
426
1,104
3,189
284
2,697
3,181
3,481
2,518
2,309
101
2,208
8/15/80
5,832
1,940
12/3f/79
2,701
7-1/47.-A
14-1/47.-D
1-1/27.-EA
9-1/47.-C
8-7/87.-E
Note
Note
Note
Note
Note
2/15/77
3/31/80
4/1/79
9/5/79
6/30/80
6-3/87."
Bond
Note
8/15/72
8/15/77
3,913
531
3
5, J28
4,525
2,183
*
2,518
3,219
1,249
385
5/15/62
7/8/77
15,68-93
Bond
Bond
Bond
Bond
Bond
Bond
1/17/63
1/10/73
1/6/78.
7/11/78
10/10/78
Bond
Bond
Bond
Bond
1/11/79
4/18/63
7/9/79
10/18/79
10-1/27.
12-5/87.
Bond
Bond
Bond
2/15/55
1/10/80
4/8/80
10-3/87.
Bond
.
47.
15...
15...
6-3/47.
7-7/67.
15,88-93 7-1/27.
15...
8-5/87.
15...
8-5/87.
8/I5/73H
Total.
1994
Feb.
15...
97.
1,763
498
11,097
2,863
4,148
3,445
1,754
1,147
,394
,298
2,628
5,779
459
1,942
2,169
3,837
863
407
1,426
840
622
15,89-94 4-1/87.
8-3/47.
10-1/67.
Total
1995
Feb.
Feb.
37.
15.1^.,
15
May
2,291
1,247
3,762
1,191
2,571
7,300
2,461
4,839
2,499
1,504
1,089
92
1,410
1,412
4,003
1,181
2,822
148
627
42
209
153
1,321
106
418
1,348
593
1,637
1,350
1,501
1,914
1,768
1,509
131
159
5,452
7,467
3,010
915
1,506
1,502
84
422
53
34
6,933
Total..
440
1,502
1,503
2,926
493
1,453
1,468
6,340
128
312
28
262
1,^.74
1,221
1,504
7
1,497
4,949
445
4,504
692
1,632
226
714
464
918
1996
Hay
77.
3-1/27.
Bond
Bond
5/15/73
10/3/60
Total
15,95-00
15,95-00
8-1/27.
Bond
-7/87.
Bond
Bond
-3/87.
2/18/75
8/15/75-
942
1,382
1,652
762
2,771
4,6*2
617
2,131
2,154
2,531
7,433
2,746
4,685
1,575
831
744
15,02-07 7-5/87.
15,02-07 7-7/87.
Bond
Bond
2/15/77
11/15/77
4,249
1,495
1,554
265
2,695
1,230
2006
Aug.
15,03-08
15,03-08
Bond
Bond
8/15/78
11/15/76
2,103
5,230
749
1,611
1,354
3,619
15,04-09 9-1/87.
15,04-09 10-3/87.
Bond
Bond
5/15/79,
11/15/79
4,606
4,201
725
830
3,881
3,371
15,05-lC 11-3/47.
15,05-10 107.
Bond
Bond
2/15/80
5/15/80
805
1,070
1,842
1,917
1-3/87.
1-3/47.
7,333
954
2,478
16,077
8,807
-L
Source:
Monthly Statement of the public Debt of the United SLoLta. a
Office of Government Financing in the Office of the Secretary.
Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
U
4,475
1,974
1,765
6,238
2,472
2,387
1,480
221
ft
2,203
2,863
332
11,902
1
2,587
3,726
22,731
Bond
Bond
971
1
8,438
2,914
•
May
1,164
1,099
80
4-1/47.
7-1/47.
Total.
1,019
409
119
705
2,918
3,587
2,501
15
Hay
3,556
4,284
2,594
5,215
8/15/75
8/15/79
9/6/78
10/01/77
11/17/75
10/17/77
1/2/79
4,061
7,509
8,407
Feb.
Aug.
Nov.
4,330
,158
,006
864
1990
May
1,007
5,219
9,515
1,196
1969
1,297
Note
Note
Note
Note
Note
Note
Note
97.-B
1968
Hay
2,560
2,537
3,S75
2,475
4,510
59
10,663
"
2/15/79
2/15/80.
11/15/77
53
Note
Hay
June
Note
Note
Note
1,450
Total.
15..
31..
7-5/87.-A
2,747
2,613
31...|lO-l/27.-H
1984
Feb.
Mar.
Apr.
127.-C
Nov.
14
596
1,868
5/17/76
8/16/76
11/15/71
May
5/15/75
4/4/77
11/15/78
6/04/30
6/07/78
6/30/80
Note
Dec.
1,096
411
80
387
356
410
384
1,389
613
183
408
2,802
1,829
2,797
2,131
2,434
2,670
2,866
397
2,202
2,721
3,116
2,785
3,287
Note
Note
Bond
15,930
Note
Note
Note
Note
Note
Note
9-7/87.-L
9-1/47.-D
1-1/27.-EA
7-7/87.-C
11-5/87.-C
191
6-1/87.
1987
Feb.
.
462
1,016
Note
Hay
3-1/47. Bond
June 15,78-83
8-7/87.Note
June 30
Mote
ll-7/a'7-I
Aug.
15..
Note
_Aug.
9-1/47.-K
9- 3/47.Sept.
Note
1-1/27.-E0 Note
Oct.
1..
Nov.
15..
Note
77.-
May
211
87.-
4,485
2,702
2,697
4,498
2,853
4,072
*
4,574
7,958
2,930
*
2,573
3,618
1,189
3,123
4,285
6,670
2,802
87.-A
241
733
Aug.
Nov.
1/31/80
2/15/72
1/6/77
2/29/60
3/6/78
3/31/80
4/1/77
4/30/80
2/17/76
3/5/79
4/1/78
4/5/78
11/15/fi
5/1/53
7/2/79
2/15/80
5/15/80
10/10/79
10/1/78
11/15/76
15..
31..
1,125
432
2,637
1,258
3,671
2,455
2,568
2,783
7- 7/87.-
Note
Bond
Note
Note
Note
Note
Note
Note
Total
1983
Feb.
Mar.
Apr.
509
584
21,940
14
4,457
4,477
2,543
4,894
3,452
4,307
81,296
Total
1982
Jan.
Feb.
Feb.
Feb.
Har.
Mar.
Apr.
Apr.
3,146
1,842
4,796
2,887
2,809
3,516
*
3,013
2,020
3,893
2,542
2,514
3,057
3,222
807
2,586
4,110
3,729
2,968
3,695
3,656
May
2,647
2,987
1,875
Tieasury uute .-)/«7. Sei iea L-1981 and 7-J/17. Series E-1981 were two
separate issues consolidated effective Sept. 1976.
Series E-1981
notes were Issued on Apr. 5, 1976, but are treated as if they were
an additional issue of Series C-1981.
Less than $000,000.
September 1980
33
.FUBUC DEBT OFERAnONS
lUde
PDO^
- Qfferii«R at
BQb
(Amounts in millions of dollars)
Description of new Issue
Number of
days to
maturity 1^/
Maturity
date
Issue date
Amounts of bids accepted
Amount of
bids
tendered
Total
Amount
On competi tive
basis 2/
Regular weekly;
(13-week and 26-week)
I98IT:Hiy
1M0-Jll^y
1.
Oct.
3,512,1
3,515,5
7
91
b
182
5,444.1
5,323.3
3,513.9
3,511.8
Aug.
Nov,
14
15.
91
182
6,630.7
6,239.8
3,508,7
3,510,6
Aug.
Nov.
21
91
22.
20
182
5,945.1
6,061.7
3,503.1
3,502.4
Aug.
Nov
28
29.
23
91
183
5,968.8
5,599.3
3,511.0
3,507.2
4
91
182
6,522,2
6,011.3
3,870.5
3,795.1
13
5.
Sept.
Dec.
Sept.
Dec.
11
91
12.
II
182
6,828.9
5,785.7
2,806.1
2,810.2
19.
Sept.
Dec.
18
18
91
182
6,225.6
7,336.8
3,912,6
3,904,2
Sept.
Dec,
25
26
91
J6.
183
6,150.8
5,727,6
3,504.2
3,500.7
182
91
182
91
182
5,981.2
6,870.4
7,080.9
7,015.4
7,538.3
7,887.5
8,208.0
7,064.3
5,960.3
6,609.4
4,002.9
4,009.3
4,010.4
4,007,5
4,005.4
4,007.5
4,008.4
4,007.5
4,007.5
4,006,4
3.
17.
24.
31i
52-wecks
6,837.6
6,734.1
Aug.
Nov,
10.
Aug.
91
182
8.
Oct.
2
L 1981-Jan.
2
/•
July
31
30
/-1980-Oct.
1981-Jan.
V
/1980-Oct.
\. 1981-Jan.
^1980-Oct.
Vl98l-Jan.
/1980-Oct.
\.1981-Jan.
9
8
16
15
23
22
30
29
91
183
91
182
91
1980-Nov.
1981-Feb.
6
5
91
182
6,126.9
7,833.2
4,014.2
4,008.5
14.
1980-Nov
1981-Feb.
13
12
91
182
7,144.2
6,500.5
3,808.3
3,804.0
21.
1980-Nov.
1981-Feb.
20
19
91
182
5,925.3
5,806.4
3,814.5
3,808.4
1980-Nov.
1981-Feb.
28
26
92
28.
182
7,725.5
7,970.7
3,935.8
8,919.6
1980-July
1980-Aug.
Sept.
Oct.
Nov.
22
19
16
14
364
364
364
364
359
359
5,208.0
5,733.7
5,755.9
5,378.7
6,203.0
8,110.3
3,389.4
3,545.2
3,556.3
3,453.7
3,902.7
4,133.5
359
359
359
359
359
6,337.5
5,920.5
6,301.8
6,447.5
6,614.0
4,018.4r
3,9e8.6r
4,020.4r
4,010.0
4,008.6
7.
:
1979-July
1979-Aug.
Oct.
Nov.
Dec.
24.
21.
18.
16.
13.
11.
1980-Jan.
8.
1981-Jan.
2
Feb.
Mar.
Apr,
5.
4.
Jan,
Feb.
Mar.
Apr.
29
26
26
23
Sept/.
1.
29,
Dec.
6
4
May
June
27,
May
June
21
18
359
359
6,734.2
7,430.0
July
2'2
July
Aug.
19.
Aug.
16
13
359
359
6,633.9
6,459.0
24,
,001.
,091,
2,683.7
On noncompetitive
basis 3/
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues outstanding after
Treasury Bulletin
34
PUBLIC DEBT OPERATION
Table PDO-2. - Offerings of Billa-Continued
September 1980
35
.PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills
^^
(Dollar amounts in millions)
Description of issue
Issue
date
1979-Mar.
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
ut bids
accepted
Average rate
New money
of bids
increase, or
decrease (-)
accepted 1_/
(Percent)
)
Treasury Bulletin
36
.PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
Bills
1^
—Continued
(Dollar amounts in millions)
Description of issue
Issue
date
-Jon.
Maturi ty
date
Number of
davs to
ma tur i tv
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted J^/
(Percent)
New money
increase , or
decrease ( -
September 1980
Table PDO-4.
37
.PUBUC DEBT OPERATIONS.
Offerings of Public Marketable Securities Other than
1t««ular
Weekly Treaapry
(Dollar amounts In millions)
Billa
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS.
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills— Continued
39
September 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
(Dollar Amounts in millions)
2
7
40
Treasury Bulletin
.PUBLIC
DEBT OPERATIONS,
Footnotes to Table PDO-1.
Sourtt:
Bureau of Ihe Public Debt.
Note:
All securities except EA & EO notes and those bearing footnote 5
were sold at auction through competitive and noncompetitive bidding.
For bill issues, always sold at auction, the rate shown is the equi1/
valent average rale (bank discount basis) of accepted bids.
Other
securities issued at par except those bearing footnote 5 and those
sold at auction.
For details of bill offerings see Table PDO-2.
From date of additional issue in case of a reopening.
In reopenings the amount issued is in addition to the amount of
3/
original offerings.
^/
For securities exchanged for the new issues see Table PDO-7.
2/ Sold at fixed price by subscription.
Exchange offering available to owners of nonmarketable 2-3/47. Treasury
6/
bonds, investment Series B-1975-flO, dated April 1, l<t51.
For further
information on the original offering see Treasury Bulletin for April
1151, page A-1.
l_l
Yields accepted ranged from 7.357. {price 100.108) up to 7.427, (price
9<).806) with the average at 7.407. (price '39.892).
Yields accepted ranged from 6.417. (price 99. '(35) up to 6.517. (price
8/
99.751) with the average at 6.497. (price 99.788).
2/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.007.).
20/ Yields accepted ranged from 7.007. (price 100.000) up to 7.097. (price
99.761) with the average at 7.057. (price 99.867).
Prices accepted ranged from 102.14 (yield 8.057.) down to 101.42
\\_l
(yield 8.127.) with the average at 101.75 (yield 8.097.).
Yields accepted ranged from 6.577. (price 100.039) up to 6.647. (price
/
99.925) with the average at 6.627. (price 99.957).
Yields accepted ranged from 7.507. (price 99.990) up to 7.557. (price
J_3/
99.818) with the average at 7.547. (price 99.853).
14/
Yields accepted ranged from 6.717. (price 100.074) up to 6.807. (price
99.908) with the average at 6.767. (price 99.982).
Yields accepted ranged fron 7.357. (price 100.101) up to 7.397. (price
J_5/
99.940) with the average at 7.387. (price 99.980).
16 /
Yields accepted ranged from 6.597. (price 99.837) up to 6.637. (price
99.765) with the average at 6.617. (price 99.801).
1
All accepted subscriptions were awarded at the price of 100.00
/
(yield 7.8757.).
18 /
Prices accepted ranged from 97.50 (yield 8.117.) to 96.36 (yield
8.227.) with the average at 96.73 (yield 8.197.).
19/
Yields accepted ranged from 7.087. (price 100.082) up to 7.197.
(price 99.881)with the average at 7.167. (price 99.936).
20/
Yields accepted ranged from 7.687. (price 99.796) up to 7.737.
(price 99.625) with the average at 7.717. (price 99.693).
21 /
Yields accepted ranged from 6,967. (price 99.844) up to 7.017.
(price 99.752) with the average at 6.997, (price 99.789).
Il l
Yields accepted ranged from 7.607. (price 100.076) up to 7.647.
(price 99.909) with the average at 7.637. (price 99.951).
23 /
Yields accepted ranged from 6.907. (price 99.953) up to 6.967. (price
99.843) with the average at 6.957, (price 99.861).
24/
Yields accepted ranged from 6.887. (price 99.987) up to 6.927. (price
99.880) with the average at 6.917. (price 99.907).
25 /
All accepted subscriptions were awarded at the price of 100.00 (yield
y
1
44/
45/
46/
47/
48/
49/
50/
ill
HI
54/
55/
56/
ill
58/
59/
60/
61/
62/
«/
64/
65/
66/
67/
68/
69/
70/
8.007,).
26 /
27 /
28/
29/
30 /
31 /
32/
_n/
_34/
35 /
36/
37/
38/
39/
40/
41
/
42 /
43/
Yields accepted ranged from 7.987, (price 100.215) up to 8.037, (price
99.679) with the average at 8.017. (price 99.893).
Yields accepted ranged from 6.597, (price 100.065) up to 6.697. (price
99.880) with the average at 6.677. (price 99.917).
Yields accepted ranged from 6.907. (price 99.903) up to 6.947. (price
99.764) with the average at 6.937. (price 99.799).
Yields accepted ranged from 6.277, (price 99.963) up to
.327. (price
99.870) with the average at 6.307. (99.907).
Yields accepted ranged from 7.027, (price 99.894) up to
.107. (price
99.557) with the average at 7.087, (price 99.641).
Yields accepted ranged from 5.887, (price 99. 991) up to 5.997. (price
99.787) with the average at 5.967, (price 99.842).
Yields accepted ranged from 6.327. (price 99.811) up to 6.377. (price
99.677) with the average at 6.367. (price 99.704).
Yields accepted ranged from 7.007, (price 100.000) up to 7.027. (price
99.891) with the average also at 7.027..
Prices accepted ranged from 101.05 (yield 7.777.) down to 100.58
(yield 7.827,) with the average at 100.79 (yield 7.807.).
Yields accepted ranged from 5.767, (price 99.981) up to 5.947. (price
99.647) with the average at 5.867. (price 99.795).
Yields accepted ranged from 5.877, (price 100.007) up to 5.927. (price
99.829) with the average at 5.917. (price 99.864).
Yields accepted ranged from 5.297. (price 99.925) up to 5.387, (price
99.757) with the average at 5.377, (price 99.775).
Yields accepted ranged from 6.157. (price 99.872) up to 6.207, (price
99.656) with the average at 6.197. (price 99.699).
Yields accepted ranged from 5.947, (price 99.880) up to 5.997. (price
99.787) with the average at 5.977. (price 99.824).
Yields accepted ranged from 6.657. (price 99.839) up to 6.647. (price
99.625) with the average at 6.627. (price 99.678).
Yields accepted ranged from 7.217. (price 100.217) up to 7.277, (price
99.892) with the average at 7.257. (price 100.000).
Yields accepted ranged from 7.587, (price 100.530) up to 7.637. (price
99.941) with the average also at 7.637..
Yields accepted ranged from 5.957, (price 99.861) up to 5.997. (price
99.786) with the average at 5.987. (price 99.805).
il/
HI
HI
2±l
HI
26/
HI
78/
79/
80/
81/
82/
33/
84/
85/
86/
37/
88/
Yields accepted ranged rom 6.857. (price 100.074) up to 6.907. (price
99.898 ) with the average at 6.887. (price 99.968).
Yields accepted ranged rom 5.997. (price 100.019) up to 6.037, (price
99.944 ) with the average
t 6.027. (price 99.963).
Yields accepted ranged rom 6.987, (price 100.058) up to 7.037. (price
99.846 ) with the avera
at 7.027. (price 99.889).
Yields accepted ranged rom 5.847. (price 100.065) up to 5.897,(price
5.877, (price 100.009).
99.972 ) with the average
Prices accepted ranged rom 100.00 (yield 7.247.) down to 99.76 (yield
7.297.) with the average at 99.81 (yield 7.287.).
Prices accepted ranged rom 98.54 (yield 7.757.) down to 98.13 (yield
7.787.) with the average at 98.25 (yield 7.777.).
Yields accepted ranged rom 6.207. (price 99.861) up to 6.257, (price
99.768 ) with the averagi at 6.237, (price 99.805).
Yields accepted ranged rom 6.757, (price 99.984) up to 6.827. (price
99.738 ) with the average at 6.807. (price 99.808).
Yields accepted ranged rom 6.117.(price 100.028) up to 6.147. (price
99.972 ) with the average at 6.147. (price 99.972).
Yields accepted ranged rom 7.277. (price 99.792) up to 7.307, (price
99.520 ) with the average at 7.297, (price 99.611).
Yields accepted ranged rom 6.257, (price 100.000) up to 6.357. (price
99.815 ) with the average at 6.347, (price 99.834).
Yields accepted ranged rom 6.787. (price 99.920) up to 6.857. (price
99.733 ) with the average at 6.847. (price 99.760).
Yields accepted ranged rom 7.247, (price 100.054) up to 7.2 77. (price
99.892 ) with the average at 7.267, (price 99.946).
Prices accepted ranged rom 99.10 (yield 7.707,) down to 98,80 (yield
7.737.) with the average at 98.94 (yield 7.727,).
Yields accepted ranged rom 6.657. (price 99.954) up to 6.687. (price
99.899 ) with the averag also at 6.687..
Yields accepted ranged rom 6.807. (price 99.811) up to 6.857, (price
99.6 36 ) with the average at 6.847, (price 99.671).
Yields accepted ranged rom 6.717. (price 99.843) up to 6.757. (price
99.770 ) with the averagi at 6.747. (price 99.788).
Yields accepted ranged rom 7.157. (price 99.876) up to 7.207. (price
99.666 ) with the average at 7.187, (price 99.750),
Yields accepted ranged rom 7.207. (price 100.092) up to 7.297. (price
99.927 ) with the average
7.277. (price 99.963).
Yields accepted ranged rom 7.227. (price 99.748) up to 7. 25-' (price
99.668 ) with the averagi at 7.247. (price 99.695).
Yields accepted ranged rom 7.667.(price 99.759) up to 7.717. (price
99.415 ) with the averag at 7.697. (price 99,552).
Yields accepted ranged rom 7.927, (price 99.487) up to 7.957, (price
99.148 ) with the averagi at 7.947. (price 99.261).
Yields accepted ranged rom 7.127. (price 100.009) up to 7.147, (price
99.972 ) with the averag at 7.137. (price 99.991).
Yields accepted ranged rom 7.297. (price 99.845) up to 7.327. (price
99.741 ) with the averagi at 7.317. (price 99.776).
Yields accepted ranged rom 7.167. (price 99.936) up to 7.237, (price
99.808 ) with the average
.207. (price 99.863).
Yields accepted ranged rom 7.927. (price 99,575) up to 7.967. (price
99.228 ) with the average at 7.957. (price 99.315).
Yields accepted ranged rom 7.527. (price 99.963) up to 7.567, (price
99.891 ) with the averag at 7.557. (price 99.909).
Yields accepted ranged rom 7.507, (price 99.936) up to 7.557, (price
99.794 ) with the averagi at 7.537. (price 99.850).
iptices accepted ranged rom 100.80 (yield 7.857.) down to 100.58
^^ield 7.897.) with the verage at 100.65 (yield 7.887.).
Prices accepted ranged rom 100.73 (yield 8.187.) down to 100.01
(yield 8.257.) with the verage at 100.13 (yield 8.237.).
Yields accepted ranged rom 7.677. (price 99.818) up to 7.717. (price
99.845 ) with the averagi at 7.707. (price 99.863).
Yields accepted ranged rom 7.877. (price 99.997) up to 7.907. (price
99.894 ) with the averagi at 7.897. (price 99,928).
Yields accepted ranged rom 7.507. (price 100.000) up to 7.577, (price
99.872 ) with the averagi at 7.567, (price 99.891).
Yields accepted ranged rom 7.937. (price 99.740) up to 7.957. (price
99.657 ) with the averagi at 7.947. (price 99.698).
Yields accepted ranged rom 7.757. (price 100.000) up to 7.827, (price
99.873 ) with the averagi at 7.807. (price 99.909).
Yields accepted ranged rom 8.267. (price 99.933 up to 8.307. (price
99.665 ) with the average at 8.297. (price 99.732).
Prices accepted ranged rom 99.23 (yield 8.457.) down to 98.91 (yield
8.487.) with the average at 99.02 (yield 8.477,).
Yields accepted ranged rom 8.007, (price 100.000) up to 8.107. (price
99.819 ) with the averag at 8.097, (price 99.837).
Yields accepted ranged rom 8.247, (price 100,013) up to 8,287.
(price 99.877) with the average at 8,277. (price 99.911).
Yields accepted ranged rom 8.257, (price 100.000 up to 8.337. (price
99.855 ) with the average at 8.327. (price 99.873).
Yields accepted ranged rom 8.627. (price 100.008) up to 8.637. (price
99.924 ) with the average also at 8.637,.
Yields accepted ranged rom 8.527. (price 99.964) up to 8.627, (price
99.784 ) with the averagi at 8.617, (price 99.802),
Yields accepted ranged rom 8.447, (price 99.831) up to 8.477. (price
99.753 ) wi th the average at 8.467, (price 99.779).
Yields accepted ranged rom 8.287, (price 99.843) up to 8.417. (price
99.166 ) with the average at 8.367, (price 99.426).
Yields accepted ranged rom 8.377. (price 100.055) up to 8.467. (price
99.079 ) with the average at 8.437. (price 99.402).
September 1980
41
PUBLIC DEBT OPERATIONS
Footnotes to
PDO-4— Continued
123 / Yields
Yields accepted ranged from 8.377. (price 100.009) up to S.i'lX (price
99.973) with the average at 8.387. (price 99.991).
Yields accepted ranged from 8.387. (price 99.961) up to 8.^427. (price
90/
99.826) with the average at 8.417. (price 99.859).
Yields accepted ranged from 8.597. (price 100.063) up to 8,66% (price
91 /
99.937) with the average at 8.657. (price 99.955).
92 /
Yields accepted ranged from 8.607. (price 100.175) up to 8.657. (price
99.757) with the average at 8.647. (price 99.840).
Yields accepted ranged from 8.907. (price 99.955) up to 8.987. (price
93/
99.812) with the average at 8.947. (price 99.883).
Yields accepted ranged from 9.337. (price 99.766) up to 9. j77. (price
94/
99.649) with the average at 9.367. (price 99.678).
3.907. (price
Yields accepted ranged from 8.75°. (price 100.000) up
95/
the average at 8.857. (price 99.345).
99.020) with
(price
up
to
8.877.
99.266)
8.827.
(price
ranged
from
accepted
Yields
96/
98.747) with the average at 8.867. (price 98.851).
97/ Yields accepted ranged from 9.337. (price 99.857) up to 9.377. (price
99.786) with the average at 9.36'i (price 99.804).
Yields accepted ranged from 9.977. (price 99.832) up to 10.007. (price
98/
99.779) with the avearage at 99.99"i ( price 99.797).
Yields accepted ranged from 9.437. (price 99.820) up to 'K^7'L (price
99/
99.690) with the average at 9.457. (price 99.755)
100 / Yields accepted ranged from 8.997. (price 100.045) up to 9.017. (price
99.882) with the average at 9.007. (price 99.963).
101 / Yields accepted ranged from 9.827. (price 99.876) up to 9.877. (price
99.787) with the average at 9.857. (price 99.822).
102 / Yields accepted ranged from 8.957. (price 100.281) up to 9.027. (price
99.888) with the average at 9.017. (price 99.944).
103 / Prices accepted ranged from 97.4Cl()rield 9.007.) down to 96.90 (yield
9.057.) with the average at 97.05 (yield 9.037,).
104 / Yields accepted ranged from 9.757. (price 100.000) up to 9.877. (price
99.787) with the average at 9.357. (price 99.822).
105 / Yields accepted ranged from 9.337. (price 99.705) up to 9.367. (price
99.605) with the average at 9.357. (price 99.638).
106 / Yields accepted ranged from 9.667. (price 99.938) up to 9.707. (price
99.868) with the average at 9.687. (price 99.903).
ranged from 99.09 (yield 9.107.) down to 98.69 (yield
107 / Prices accepted
9.157.) with the average at 98.79 (yield 9.147.).
108 / Yields accepted ranged from 9.757. (price 100.000) up to 9.797. (price
99.929) with the average at 9.787. (price 99.947).
109 / Yields accepted ranged from 9.367. (price 99.29b) up to 9.387. (price
99.168 with the average at 9.377. (price 99.232).
110 / Yields accepted ranged from 9.227. (price 99.039) up to 9.2^7. (price
98.838) with the average at 9.237. (price 98.938).
111 / Yields accepted ranged from 9.757. (price 100.000) up to 9.777. (price
99,964) with the average also at 9.777..
112 / Yields accepted ranged from 9.207. (price 99.866) up to 9.237. (price
99.313) with the average at 9.227. (price 99.830).
113 / Yields accepted ranged from 8.357. (price 100.083) up to 8.937. (price
99.819) with the average at 8.897. (price 99.950).
114 / Yields accepted ranged from 8.787. (price 99.714) up to 8.837. (price
99.302) with the average at 8.817. (price 99.467).
115 / Yields accepted ranged from 9.357. (price 100.045) up to 9.457. (price
99.866) with the average at 9.41^ (price 99.938).
116 / Yields accepted ranged from 9.037. (price 99.923) up to 9.077. (price
99.820) with the average at 9.067. (price 99.845).
117 / Prices accepted ranged from 100.07 (yield 8.997.) down to 99.96
(yiild 9.017.) with the average at 100.00 (yield 9.00-.).
119 / Prices accepted ranged from 102.36 (yield »«. 897.) down to 101.99
(yield 8.937.) with the average at 102.13 (yield 8.927.).
119 / Yields accepted ranged from 9.607. (price 100.045) up to 9.667. (price
99.938) with the average ar 9.f,'^- '[-lice 99.955).
120 / Yields accepted ranged from 9.237. (price 99.997) up to 9.277. (price
99.848) with the average at 9.257. (price 99.922).
to 10.227 (price
121 / Yields accepted ranged from 10.207, (price 9Q.Hhn)
'^l.ili) with the jvcca.f st 10.217'. (oricc 99.951).
10".on(i' -•p to 9,817, (price
1,'2 / Yields accepted ranged frorr. 9.757. (price
99.806) with the average at 9.797 (price 99.871).
89/
.
dnepted ran^td
fron.
price UMJ.I 5) up to 10.25% (price
price 99.620).
price
10,10
99.013) with the average at 10.177.
24 / Yields accepted ranged from 12.557.
99.888) with the average at 12.667,
125 / Yields accepted ranged from 11.627,
99,958) with the average at 11.647,
1
126 / Yields accepted ranged from
99.759) with the average at
127 / Yields accepted ranged from
99.045) with the average at
128 / Yields accepted ranged from
99.767) with the average at
129 / Yields accepted ranged from
99.532) with the average at
130 / Yields accepted ranged from
99.887) with the average at
10.70^.
10,757.
10.39710.^47.
12.187.
12.247:
10.287,
133 / Yields accepted ranged from
99,948) with the average at
134 / Yields accepted ranged from
99,651) with the average at
135 / Yields accepted ranged from
11,507-
10.40'
I1.427L
11.437.
131 / Yields accepted ranged from 10.39'.
99.681) with the average at 10.527.
132 / Yields accepted ranged from lO.'iS'A
99.130) with the average at 10.607.
11.527.
11,877.
11,987.
11,987,
99,599) with the average at 12,027.
136 / Yields accepted ranged from 11,787,
99.021) with the average at 11,847,
137 / Yields accepted ranged from 13,917.
99,788) with the average at 13,98".
138 / Yields accepted ranged from 14,20%
99,365) with the average at 14.397.
139 / Yields accepted ranged from 14.947.
99.883) with the average at 15.01'.
140 / Yields accepted ranged from 14.207.
99.763) with the average at 14.29%
141 / Yields accepted ranged from 12.607.
99.293) with the average at 12.69%
142 / Yields accepted ranged from 11.417.
99.852) with the average at 11.447.
143 / Yields accepted ranged from 9.287, (
99.623) with the average at 9.32% (
144 / Price accepted ranged from 106.10 (
9.95>.)
with the average at
)U"j.27
t
145 / Yields accepted ranged from 10.03%
98.322) with the average at 10.12%
146 / Yields accepted ranged from 9.297. (
99.956) with the average at 9.37% (
^47 /
Yields accepted ranged from 9.567.
9^1.654) with
148 /
149 /
150 /
151
/
152 /
153 /
154 /
•--
155 /
156 /
the average at 9.66% (
Yields accepted ranged from 8.55';
99.955) with the average at 8.63%
Yields accepted ranged from S.947,
99.555) with the average at 8.997.
Yields accepted ranged from 10.40'
99.515) with the average at 10.42%
Yields accepted ranged from 8.927,
99,776) with the average at 8,97%
Yields accepted ranged from 9,357,
99,818) with the average at 9,38%
Yields accepted ranged from 10,737,
99,399) with the average at 10,81%
Prices accepted ranged from 97.40
10.80%) with the average at 96.91
p -,.;..;„ ,-.,
Less th 1- s^i.ij.lKiri,
Yields accepted r.mged from 11,18'/.
(price 99, "'65) witli the average at
Yields accepted ranged from 11.69%
(price 99.759) with the average at
,-
Treasury Bulletin
42
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
7-3/S%
September 1980
43
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description
u
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
IJcstription of setnriLies
10- !/<
Nou
14-1/1'
Note
— i/i;
Note
9-5/87.
Note
Vi'i/s'i-n
H/i./-',-ii
-
-
8/15/85-1;
I'l
6-I/K;.
Bond
97.
Note
1/15/87-B
Note
5/1
k-\ln
Bond
8/15/87-92
t-b/av.
Note
12'
-
ll/r./8l.
V87-t
11/15/87-A
I'l
4
Bond
-
2/15/88-9
8-1/47
Note
-
5/15/H8-A
-3/47.
Note
-
ll/15/n8-B
7-1/27.
Bond
-
1989
9-1/47.
1
8/15/88-93
1/
September 1980
45
.PUBUC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securitiee laeued at a Premium or DJacoont
Other than Advance Refunding Operatione-Continued
Descrip
46
Treasury Bulletin
.PUBUC DEBT OPERATIONS.
Table PDO-5. - Unmatuied Marketable Securitiee Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
41
September 1980
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)
Issues
Treasury Bulletin
48
_« PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotmenta by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
i'
—Continued
September 1980
49
.PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions
Part B.
-
Bills
for Public
Other than Regular Weekly Series
Marketable Securities
50
Treasury Bulletin
.PUBLIC
Table PDO-7.
-
DBBT OPERATIONS.
Disposition of Public Marketable Securities
Othec than Regular Weekly Treasury Billa
51
September 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-7.
-
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills-Continued
"
5
Treasury Bulletin
52
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Bureau of the Public Debt.
Source:
H Original call and maturity dates are used.
All by investors other than Federal Reserve banks
If
ounts for $368
T/ Exchanged by Federal Reserve banks and Government
million of 77. notes of Series H-197q, $1,939 mill ion, of 87, notes
2000-05 issued
8-1/^.7,
of
bonds
million
of
and
$215
of Series A-1983
February 17, 1976.
i*/
Exchanged by Federal Reserve banks and Government accounts for 77,
~
notes of Series H-1979 issued February 15, 1976.
2/ Exchanged by Federal Reserve banks and Government accounts for 6-3/47.
notes of Series K- 1978- issued March 31. 1976.
Exchanged by Federal Reserve banks and Government accounts for $276
6/
million of 7-7/87. notes of Series A-1986 issued 5 /17/76 and $85
million of 7-7/87. bonds of 1995-2000 issued May I 7, 1976.
T_/
Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/27, notes of Series L-1978 and $196 million of 7-7/87.
notes of Series A-19a6, and $32 million of 7-7/87„ bonds of 1995-2000
issued May 17, 1976.
8/
Exchanged by Federal Reserve banks and Government accounts for 7-1/87,
notes of Series M-1978 issued June 1, 1976.
9/
Exchanged by Federal Reserve banks and Government accounts for 6-7/87.
notes of Series N-1978 issued June 30, 1976.
10 /
Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/87, notes of Series J-1979, $60 mil lion of 87, notes of
Series B-19M6, and $342 million 87, bonds of 1996- 2001 issued August 16,
1976.
11
/
12/
n/
\ul
/
1
16 /
iT_f
1
.'
19 /
20 /
21
/
>J_/
2
V
24 /
25 /
26 /
27 /
2^/
2'' /
30/
31 /
32 /
Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 87. notes of Series B-19H6 and S250 mil lion of 87. bonds of
1996-2001 issued August 16, 1976.
Exchanged by Federal Reserve banks .*nd Government accounts for 6-5/87.
notes of Series 0-1978 issued August 31, 1976.
Exchanged by Federal Reserve banks and Government Hcco^nts for 6-1/47,
notes of Series R-1978 issued September 30, 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-7/87=
notes of Series S-I978 issued November 1, 1976.
Exchanged by Federal Reserve b.^nks and Government accounts for $70
million of b-MUX notes of Series K-1979 and $50 million of 77.
notes of Series B-1983 issued November 15. 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-3/47,
notes of Series T-I978 issued November 30, 1^76.
Exchanged by Federal Reserve banks .ind Government accounts for 5-1/47.
notes of Series U-1978 issuel December 31, I<^7b.
Exchanged by Federal Reserve banks and Government accounts for
million of 6-1/27. notes of Series C-r*80, $881 mi
of series A-198it and $391 million of 7-5/87. bonds
February 15, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series M-ri7q issued Febrjary 28, 1977.
Exchanged by Fed era Reserve banks and Government
notHS of Series N-1979 issued March 31, 197/.
Exchanged by Federal Reserve banks .ind Gos^erninent
notes of Series P-1979 issued May 2, 197/.
Exch.ingr'd by Feder-il Reserve banks and Government
bonds of 2002-2007 issued May 16, 1477.
Exchanged by Federal Reserve banks and Government
million of T-\/i*\ notes of Series A- 1984 and $373
bonds of 2002-2007 issued May 16, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series Q-l'i79 issued May 31, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series R-1979 issued June 30, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series S-197'i issued August 1, 1^77.
Exchanged by Federal Reserve banks and Government
million of 6-3/47. notes of Series H-1980, $300 mi
notes of Series B-1984, and $r*9 of 7-5/87. bonds
August 15, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series 7-1974 issued August 31, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series U-r'7'i issued September 30, 1977,
Exchanged by Federal Reserve banks and Government
notes of Series V-1979 issued October 31, 1977.
Exchanged by Federal Reserve banks and Government
million of 7-1/M7. notes of Series J-14H0, $373 mi
of Series A-1987 and $240 million of 7-7/87. bonds
November 15, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series W-1979 issued November 30, 1977.
I
September 1980
53
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (N on marketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. dollars; dollar amounts in millions)
Treasury Bulletin
34
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
55
September 1980
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Securities
1978-Mav Continued
Certificates of indebtedness.
Notes
June
Bills
Certificates of indebtedness.
Issue
date
2/01/78
Maturity-
date
Interest
rate
(percent)
Treasury Bulletin
56
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Issue
date
Maturi ty
date
Interest
rate
(percent)
5/17/78
5/22/78
6/02/78
8/17/78
8/22/78
9/01/78
6.35
6.35
6.65
6/02/78
6/15/78
6/15/78
6/16/78
6/16/78
6/27/78
6/29/78
6/29/78
9/01/78
9/15/78
9/15/78
9/15/78
9/15/78
9/27/78
9/29/78
9/29/78
6.65
6.65
6.65
6.65
6.65
7.00
7.00
7.00
10/29/76
7/28/78
5.95
4/03/78
4/04/78
4/04/78
4/05/78
4/10/78
4/10/78
4/12/78
4/13/78
4/17/78
4/17/78
4/25/78
4/26/78
5/22/78
5/22/78
5/23/78
5/24/78
5/26/78
5/29/78
6/02/78
6/15/78
7/05/78
7/05/78
7/05/78
7/05/78
7/05/78
7/06/78
7/10/78
7/10/78
7/10/78
7/10/78
7/12/78
7/12/78
7/13/78
7/13/78
7/17/78
7/17/78
7/25/78
7/26/78
7/03/78
7/05/78
7/05/78
7/05/78
7/10/78
7/10/78
7/12/78
7/13/78
7/17/78
7/17/78
7/25/78
7/26/78
8/22/78
8/22/78
8/23/78
8/24/78
8/25/78
8/29/78
9/01/78
9/15/78
10/05/78
10/05/78
10/05/78
10/05/78
10/05/78
10/05/78
10/10/78
10/10/78
10/10/78
10/10/78
10/12/78
10/12/78
10/13/78
10/13/78
10/17/78
10/17/78
10/25/78
10/26/78
6.35
6.45
6.45
6.45
6.45
6.45
6.40
6.40
6.40
6.40
6.30
6.30
6.35
6.35
6.50
6.50
6.50
6.65
6.65
6.65
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.20
7.20
7.20
7.20
7.20
7.20
6.95
6.95
Notes
4/07/72
10/29/76
7/07/78
7/28/78
7/28/78
5/15/85
6.20
5.95
8.50
Bills
2/02/78
3/02/78
8/03/78
8/31/78
Certificates of indebtedness
5/02/78
5/16/78
5/16/78
5/17/78
5/22/78
5/22/78
5/23/78
5/24/78
5/26/78
5/29/78
6/15/78
7/13/78
7/17/78
7/17/78
7/26/78
7/25/78
8/07/78
8/07/78
8/10/78
8/10/78
8/14/78
8/14/78
8/16/78
8/16/78
8/16/78
8/16/78
8/17/78
8/18/78
8/18/78
8/18/78
8/21/78
8/21/78
8/21/78
8/02/78
8/16/78
8/16/78
8/17/78
8/22/78
8/22/78
8/23/78
8/24/78
8/25/78
8/29/78
9/15/78
10/13/78
10/17/78
10/17/78
10/26/78
10/25/78
11/02/78
11/03/78
11/10/78
11/10/78
11/14/78
11/14/78
11/16/78
11/16/78
11/16/78
11/16/78
11/17/78
Securities
197g-June - Continued
Certificates ot indebtedness.
Certificates of indebtedness.
U/20/78
11/20/78
11/20/78
11/21/78
11/21/78
11/21/78
6.50
6.35
6.35
6.35
6.35
6.35
6.50
6.50
6.50
6.65
6.65
7.20
7.20
7.20
6.95
6.95
6.90
6.90
6.80
6.80
6.80
6.80
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
6.90
Total outstanding
end of month
17
44
45
137
137
49
49
5
14
14
3
35
35
40
89
38
73
110
43
29
15
44
46
32
9
12
45
35
35
40
1
11
89
38
89
38
73
73
110
107
43
29
15
400
29
3
61
5
17
88
44
46
32
9
12
102
3
43
29
2
3
39
39
41
41
15
45
45
19
17
21
21
6
9
32
32
September 1980
37
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
38
Treasury Bulletin
_ PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
September 1980
59
PUBLIC DEBT OPERATIONS,
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable In U.S. dollars; dollar amounts in millions)
Securities
lq78-Nov.- Continued
Certificates of indebtedness
Issue
date
Maturity
date
Interest
rate
(percent)
11/20/78
11/21/78
11/21/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/29/78
11/30/78
11/30/78
11/30/78
2/20/79
2/21/79
2/21/79
2/21/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/28/79
3/01/79
3/01/79
3/01/79
8.60
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
8.70
9.20
9.20
9.20
9.20
1/29/76
10/29/76
11/15/78
1/29/79
6.00
6.05
9/15/78
9/15/78
9/15/78
9/15/78
9/15/78
9/21/78
9/22/78
9/26/78
9/26/78
9/26/78
9/27/78
9/27/78
9/27/78
9/27/78
9/28/78
9/28/78
9/29/78
9/29/78
9/29/78
12/15/78
12/15/78
12/15/78
12/15/78
12/15/78
12/21/78
12/22/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/28/78
12/28/78
12/29/78
12/29/78
12/29/78
7.70
7.70
7.70
7.70
7.70
7.90
7.90
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
8.10
10/05/78
10/05/78
10/05/78
10/05/78
10/06/78
10/06/78
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
8.20
8.20
8.20
8.20
8.20
8.20
11/06/78
11/10/78
11/14/78
11/14/78
11/16/78
11/24/78
11/24/78
11/30/78
11/30/78
11/30/78
2/06/79
2/09/79
2/14/79
2/14/79
2/16/79
2/23/79
2/23/79
1/01/79
3/01/79
3/01/79
8.45
9.05
8.60
8.60
8.60
8.70
8.70
9.20
9.20
9.20
12/01/78
12/01/78
12/06/78
12/06/78
12/07/78
12/07/78
12/07/78
12/12/78
12/12/78
12/13/78
12/13/78
12/15/78
12/15/78
12/15/78
12/15/78
12/18/78
12/18/78
12/19/78
12/21/78
12/22/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/28/78
12/28/78
12/29/78
12/29/78
12/29/78
12/29/78
3/01/79
3/01/79
3/06/79
3/06/79
3/07/79
3/07/79
3/07/79
3/12/79
3/12/79
3/13/79
3/13/79
3/15/79
3/15/79
3/15/79
3/15/79
3/19/79
3/19/79
3/19/79
3/21/79
3/22/79
3/27/79
3/27/79
3/27/79
3/27/79
3/27/79
3/27/79
3/28/79
3/28/79
3/30/79
3/30/79
3/29/79
3/29/79
9.20
9.20
9.00
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.95
8.95
8.95
8.95
8.95
8.95
8.95
9.25
9.25
9.25
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35
n/21/78
Dec .
Certificates of indebtedness.
Total outstanding
end of month
9
32
62
122
19
33
20
10
10
20
17
25
20
43
43
50
19
27
27
3
22
9
10
10
10
3
26
26
20
6
6
34
34
5
22
18
9
1
7
50
26
4
37
1
5
4
19
16
27
79
9
25
5
38
5
5
88
105
133
464
27
27
65
164
28
7
90
100
17
54
10
10
26
26
4
77
38
198
Treasury Bulletin
60
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
September 1980
61
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
62
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
September 1980
63
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts In millions)
Treasury Bulletin
64
PUBLIC DEBT OPERATIONSTable PDO-8.
-
Foreign Series Securities (Nonmarketable*
Issued to Official Institutions of Foreign Countries-Continued
(Payable In U.S. dollars; dollar amounts in millions)
Securities
19 7^1 -Oct. -Continued
Certificates of indebtedness.
Nov.
Bills.
Certificates of indebtedness.
Dec .
Bills.
Certificates of indebtedness.
Issue
date
Maturity
date
Interest
Total outstanding
end of month
rate
(percent)
9
1/03/80
1/10/80
1/11/80
1/16/30
1/17/80
1/18/80
1/21/80
1/22/80
1/23/80
1/24/80
1/25/80
1/28/80
1/30/80
10.35
10.80
10.80
11.85
11.85
11.85
11.85
11.85
12.95
12.95
12.95
12.95
12.25
10/06/78
10/31/79
7.25
5/10/79
11/19/79
11/29/79
11/29/79
11/29/79
11/30/79
11/08/79
5/01/80
6/02/80
7/01/80
8/01/80
9/02/80
8/14/79
9/28/79
9/28/79
9/28/79
9/28/79
10/01/79
10/03/79
11/14/79
11/14/79
12/28/79
12/28/79
12/28/79
12/28/79
1/03/80
1/03/80
2/14/80
9.50
10.00
10.00
10.00
10.00
10.00
10.35
12.05
82
3/25/77
6/30/77
1/31/78
10/10/78
11/15/79
11/15/79
11/30/79
11/30/79
7.00
6.25
7.125
7.125
260
50
12/19/79
12/21/79
12/21/79
12/31/79
12/31/79
6/02/80
9/02/80
8/01/80
10/01/80
12/01/80
9/07/79
9/10/79
9/11/79
9/12/79
9/14/79
9/17/79
9/20/79
9/21/79
9/24/79
9/25/79
9/28/79
9/28/79
9/28/79
12/07/79
12/10/79
12/11/79
12/12/79
12/14/79
12/17/79
12/20/79
12/21/79
12/27/79
12/27/79
12/28/79
12/28/79
12/28/79
9.85
9.85
10.55
10.55
10.55
10.55
10.35
10.35
10.35
10.00
10.00
10.00
10.00
101
204
117
10/03/79
10/10/79
10/11/79
10/16/79
10/17/79
10/17/79
10/18/79
1/03/80
1/10/80
1/11/80
1/16/80
1/17/80
1/17/80
1/18/80
10.35
10.80
10.80
11.85
11.85
11.85
11.85
54
27
15
13
38
17
12/05/79
12/07/79
12/10/79
12/11/79
12/12/79
12/13/79
12/14/79
12/14/79
12/17/79
12/20/79
12/21/79
12/27/79
12/28/79
12/28/79
12/31/79
3/05/80
3/07/80
3/10/80
3/11/80
3/12/80
3/13/80
3/14/80
3/14/80
3/17/80
3/20/80
3/21/80
3/27/80
3/28/80
3/28/80
3/31/80
11.95
11.95
11.95
12.05
12.05
12.05
12.05
12.05
12.05
12.25
12.25
12.10
12.10
12.10
12.10
7/18/77
1/31/78
12/31/79
12/31/79
1/08/80
1/28/80
1/30/80
1/30/80
10/01/80
10/01/80
10/01/80
11/03/80
10/01/79
10/03/79
10/18/79
10/19/79
10/22/79
10/22/79
10/23/79
10/24/79
10/24/79
10/25/79
10/26/79
10/30/79
1/02/80
1/03/80
1/18/80
1/21/80
1/22/80
1/22/80
1/23/80
1/24/80
1/24/80
1/25/80
1/28/80
1/30/SO
10.00
10.35
11.85
11.85
11.85
11.85
12.95
12.95
12.95
12.95
12.95
12.25
1/02/80
1/03/80
4/02/80
4/04/80
12.10
12.10
10/03/79
10/10/79
10/11/79
10/16/79
10/17/79
10/18/79
10/19/79
10/22/79
10/23/79
10/24/79
10/25/79
10/26/79
10/30/79
104
15
13
55
172
177
194
36
148
156
168
99
500
303
230
266
268
161
255
37
26
56
51
50
300
29
12
101
66
22
22
114
124
165
285
160
53
20
18
219
150
105
213
121
23
37
119
77
130
172
296
216
400
.50
.125
50
108
22
177
167
27
36
86
62
156
168
99
90
1091
September 1980
65
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Interest
rate
(percent)
Issue
date
1<>80-Jan. -Continued
Certificates of indebtedness.
1/04/80
1/04/80
1/04/80
1/07/80
1/22/80
1/22/80
1/24/80
1/24/80
1/25/80
1/25/80
1/28/80
1/30/80
Notes
1/14/80
Feb
Bills
Certificates of indebtedness
02/11/80
02/11/80
11/14/79
12/07/79
12/07/79
12/10/79
12/10/79
12/11/79
12/11/79
01/25/80
01/28/80
01/28/80
01/28/80
01/30/80
01/30/80
01/30/80
02/08/80
02/14/80
02/14/80
02/14/80
Notes
Mar
Bills
Certificates of indebtedness
08/01/77
10/25/79
3/04/80
12/05/79
12/11/79
12/12/79
12/13/79
12/14/79
12/14/79
12/14/79
12/17/79
12/20/79
12/20/79
12/21/79
12/21/79
12/21/79
12/27/79
12/27/79
12/28/79
12/28/79
12/28/79
12/31/79
1/02/80
1/03/80
1/04/80
1/07/80
1/07/80
1/07/80
2/08/80
2/08/80
2/08/80
3/05/80
3/05/80
3/05/80
3/10/77
3/15/77
9/07/77
4/08/80
Total outstanding
end of month
Treasury Bulletin
66
.PUBLIC DEBT DERATIONS.
Table PDO-6. - Foreign Saries SecnrhieB (Noniiiarketable)
to Official Iiistitotiona of Foreign Coimtriea-Continaed
bsned
September 1980
67
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries-Continued
68
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-9.
-
Foreign Currency Series Securities (Non marketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Payable
1978-Jan .
Notes
Issue
date
Maturity
date
Interes t
rate
(percent)
Total outstanding
end of month
28
30
Swiss francs
Swiss francs
Swiss francs
7/07/76
8/06/76
1/06/79
1/06/78
2/06/78
7/06/79
6.70
6.50
7.05
Swiss francs
Swiss francs
Swiss francs
8/06/76
8/20/76
9/10/76
2/06/78
2/20/78
3/10/78
6.50
6.35
6.20
Swiss francs
Swiss francs
Swiss francs
9/10/76
10/08/76
1/10/78
3/10/78
4/07/78
9/10/79
6.20
5.95
7.40
Swiss francs
Swiss francs
Swiss francs
10/08/76
10/29/76
4/28/78
4/07/78
4/28/78
10/29/79
5.95
5.80
7.70
Swiss francs
12/10/76
6/09/78
Swiss francs
Swiss francs
Swiss francs
12/10/76
3/08/77
6/09/78
6/09/78
9/08/78
10/29/79
5.25
5.90
7.95
85
Swiss francs
Swiss francs
3/08/77
4/18/77
9/08/78
10/18/78
5.90
5.60
19
22
861
AUR .
Notes
Swiss francs
4/18/77
52
809
Sept
Notes
Swiss francs
4/18/77
10/18/78
Certificates
Swiss francs
Swiss francs
10/18/78
10/18/78
7/06/79
9/10/79
9.00
9.00
Notes
Swiss francs
Swiss francs
Swiss francs
4/18/77
5/26/77
10/18/78
10/18/78
11/27/78
10/29/79
5.60
6.10
8.95
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
11/27/78
11/27/78
11/27/78
11/27/78
2/20/79
3/01/79
4/20/79
7/06/79
9.00
9.00
9.30
9.70
Swiss francs
Swiss francs
5/26/77
8/19/77
11/27/78
2/20/79
6.10
6.60
Certificates
Swiss francs
11/27/78
2/20/79
9.00
Notes
Swiss francs
8/19/77
2/20/79
6.60
Swiss francs
11/27/78
2/20/79
Swiss francs
Swiss francs
Swiss francs
11/27/78
11/27/78
9/01/77
2/27/79
3/01/79
3/01/79
9.00
9.00
6.40
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
10/18/78
10/18/78
11/27/78
11/28/78
7/06/79
9/10/79
7/06/79
2/20/79
9.00
l.OO
9.70
9.30
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
franc s
francs
francs
francs
francs
10/20/77
1/06/78
3/10/78
4/28/78
6/09/78
10/18/78
4/20/79
7/06/79
9/10/79
10/29/79
10/29/79
10/29/79
7.15
7.05
7.40
7.70
7.95
8.95
Swiss francs
10/18/78
10/29/7Q
Feb
Notes
.
Mar
Notes
2
36
4
.
Apr .
Notes
May
Notes
June
Notes
July
Notes
144
31
995
943
31
.
41
Oct.
45
9
Nov,
Certificates
Notes
145
3
17
130
3
50
14
Dec.
600
1979-Jan.
Certificates
531
Feb.
Certificates
Notes
28
3
25
Mar.
Certificates
Notes
Apr.
Notes.
2
130
17
82
17
124
17
75
2
September 1980
69
PUBLIC DEBT OPERATIONS.
Table PDO-10.
-
Foreign Currency Series Securities
Issued to Residents of Foreign Countries
Treasury Bulletin
70
.UNITED STATES SAVINGS BONDS.
Series E, EE and Series HH are
currently sold.
Series EE January
1,
1980
since January 1, 1980.
1,
1941,
and Series HH has been on sale
Series A-D were sold from
1935 through April 30, 1941.
March
Series F and G were sold
May 1,1941 through April 30, 1952.
1,
the only savings bonds
Series E has been on sale since May
1,
from
Series H sold from June
1952 through
December 31, 1979.
-
in the Treasury Bulletins of April 1951, May 1951, May 1957,
October and December 1959, May and October 1961, June 1968,
and September 1970; and the Annual Report of the
Secretary
the Treasury for fiscal years 1966 through 1977,
Sales and Redemptions by Series, Cumulative through
(In Blillions of dollars)
Details of the principal changes in
issues, interest yields, maturities, and other terras appear
of
Table SB-1.
Series J and Kwere sold from May 1, 1952
through April 30, 1957,
August
31,
1980
September 1980
71
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through
K
(In millions of dollars)
Redemptions
Sales 1/
Accrued
discoun
t
Sales plus
accrued
discount
Sales
price 3/
E and H
Fiscal years:
1941-70
3/
Amount outstanding
_]_/
Accrued
di scount
Interest-bearing
it/
debt
Matured
non- intere-> tbearing debt
Treasury Bulletin
72
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K— Continued
3/
September 1980
73
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
v
(In millions of dollars)
Unma tured
Unt
Series
and H
Fiscal years
1951-64
1965
1966
1967
1968
1969
1970
T.O
1977
197S
1979
Calendar years
1951-69
1971
1972
1973
1974
1975
1976
1977
1978
1979
Month
and H
7,140
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,3 38
5,586
6,681
6,517
6,543
1,689
7,064
7,747
0,975
122,280
6,295
5,244
5,365
6,210
6,833
6,291
6,771
7,110
8,200
12,326
39,488
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
707
3,578
3,157
5,654
54,505
2,841
2,022
2,053
2,508
2,627
2,481
3,275
2,5 5b
3,129
6,459
22,025
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
-577
3,153
5,651
17,463
246
280
412
260
34,131
2,827
2,014
2,047
2,505
2,622
2,481
3,275
2,556
3.125
20,372
143
29
9
7
5
5
-1
4
3
1
38,949
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
4,590
4,927
48,043
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
4,690
4,927
15
67,507
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
56,842
3,885
3,305
3,337
3,578
3,789^
3,955'5>
,094
118
104
79
-391
-121
172
99
25
33
6
213
115
-725
-23
67
104
198
264
-431
-83
-24
123
417
-145
3,487
4,553
6,448
5,071
5,709
5,071
5,709
393
557
463
646
575
317
587
44 7
535
473
447
535
473
275
-247
282
114
-52
491
389
446
788
830
,181
491
389
446
78a
830
1,181
1,174
660
938
401
-1,115
-2,398
239
21
;
1979-Hug
Sept
Oct
Nov
Dec
19S0-Jan
Feb
Mar
Apr
May
June
J"iy
Aug
98 5
393
558
B98
1,192
1,295
1,003
463
646
2,240
1,729
2,416
2,515
575
664
1,032
1,326
1, 134
1,618
2,067
575
664
1,037
1,326
1,618
2,066
486
n.a.
486
n.a.
850
747
673
581
Source:
Monthly Statement of the Public Debt of the U.S.; Office of Market Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at current redemption value.
Series C,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
U Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
Details by series on a cumulative basis and by periods of Series A-D
2^/
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
i/
Series E and H sales and redemptions include unclassified
Series EE and HH.
Because there Is a normal lag in classifying redemptions, the distributions of redemption between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
V
assif ied
:
1971
1972
1973
1974
1975
1976
1970
1
8/
Series E
E
317
587
n.a.
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 ba^is.
April 30, 1952, and Series J
5/ Series F and G sales were discontinued
Sales figures after
and K sales were discontinued April 30, 1957.
April 30, 1957, represent adjustments.
savings bonds for 3-1/47.
6/ Includes exchanges of Seriies 1941 F and
marketable bonds of 1978-83.
bonds for 4-3/47. marketable
Includes exchanges of Series 1948 F and
notes of 1964.
bonds for 47. marketable bonds
Includes exchanges of Series 1949 F and
,
of 1969.
Includes exchanges of Series 1960 F and G bonds for 3-7/87. marketable
bonds for 1968.
]_/ Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/87.
marketable bonds of 1971 and 47. narketable bonds of 1980.
8/ Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
* Less than 5500,000.
Not available.
n.a.
.
74
Treasury Bulletin
.UNITED STATES SAVINGS NOTES.
1967
The principal terms and conditions for purchase and re-
The notes were eligible for purchase
demption and information on investment yields of savings notes
the simultaneous purchase of Series E
appear in the Treasury Bulletins of March 1967 and June 1968;
United States savings notes were on
through June 30, 1970.
by
individuals
with
sale
May 1,
and in the Annual Report of the Secretary of the Treasury for
savings bonds.
fiscal year 1974.
Table SN-1.
-
Sales and Redemptions by Periods
(In millions of dollars)
Sales
Fiscal years :
1968-69
528
323
1970
1971
1972
1973
1974
1975
1976
2
-2
T.Q
1977
1978
1979
Calendar years
\l
Accrued
discount
12
25
33
28
29
35
540
347
44
28
35
111
Amount
outstanding
34
1
50
105
157
6
742
10
619
29
167
85
69
31
24
35
33
22
6
6
11
23
22
23
22
36
31
21
21
48
28
12
12
20
31
191
27
28
29
39
25
24
23
22
154
124
145
116
9
71
62
60
66
31
28
29
39
25
24
23
22
21
1979
5
77
8
561
58
11
77
75
62
58
14
17
519
477
45
32
8
24
13
19
435
413
407
394
3
385
3
59
1979-Aug
Sept
Oct
Nov
Dec
1980-J«D. ....
Feb
Mar
.
.
,
74
82
53
42
35
33
682
584
540
9
40
13
16
14
29
23
20
30
13
12
13
22
21
52
2
I
2
1
2
2
5
2
Month ;
496
453
424
406
393
383
352
2
2
3
1
362
359
357
2
2
5
2
354
2
2
2
352
2
2
2
3
2
2
2
347
2
2
7
3
341
2
2
11
5
2
2
-12r
-16r
-16t
332
322
2
1
Aug
\l
Accrued
discount
705
160
-3
1978
Source:
II
:
1968-69
1970
1971
1972
1973
1974
1975
1976
1977
Apr
May
June.
July
Kedemptions
Sales plus
accrued
discount
Monthly Statement of the Public Debt of the United State
Office
.of Market Analysis, United States Savings Bonds Division.
Sales were discontinued after June 30, 1970.
Figures shown thereafter
represent adjustments.
5
50
308
307
3
305
Includes U.S. savings notes exchanged for Series
January 1972.
Less than $500,000.
Revised.
H
bonds beginning
75
September 1980
.OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-1. - Distribntion of Federal Securities by Classes of Investors and Type of Issues
(In millions of dollars)
Interest-bearing public debt securities
End of
fiscal year
or month
Total
Federal
securities
outstanding
Held by U.S. Government accounts
Total
Public
issues
held by
Federal
Reserve
Nonmarketable
outstanding
Marketable
Governaant
account series
Other
banfts
1977
1978
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
780,425
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
766,971
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
167,973
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14,619
13,886
8 2,740
89,536
101,248
114,921
122,752
129,202
127,409
138,816
152,031
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
1979
833,751
819,007
187,683
11,379
174,248
2,056
115,458
1979-Mar.
804,624
792,344
166,274
12,685
151,534
2,056
110,255
1979-July
Aug.
Sept
Oct.
Nov.
Dec.
814,740
820,385
833,751
834,000
840,965
852,184
806,508
812,095
819,007
825,736
832,730
843,960
176,190
178,569
187,683
185,714
187,133
187,148
448
11,390
11,379
11,379
11,048
11,047
161,687
165,123
174,248
172,280
174,030
174,045
2,056
2,056
2,056
2,056
2,056
2,056
111,445
113,027
115,458
114,580
118,087
117,458
1980- Jan.
Feb.
Mar.
Apr.
Hay.
June
July
854,741
861,603
870,444
876,914
884,788
884,381
888,367
846,517
853,366
862,211
868,866
873,529
876,275
880,395
184,499
189,290
186,328
188,168
190,693
194,904
131,159
11,046
10,817
10,801
10,761
10,373
171,397
176,417
173.471
177,408
180,320
2,056
2,056
2,056
116,310
115,171
10,327
10,328
184,576
178,831
1971
1972
1973
1974
1975
1976
T.Q
End of
fiscal year
or month
Interest-bearing public debt securities
Con.
Held by private investors
Marketable
1971
1972
1973
1974
1975
1976
-
1 2
Nomarke table
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
356,501
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
127,733
,
Matured
public
debt
and debt
bearing no
interest 2/
2,0 56
65,518
71,356
75,022
80,485
84,749
94,446
96,427
104,715
114,764
116,657
116,825
124,003
124,515
119,563
Agency securities
Total
outstanding
3/
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
1977
1978
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
484,234
1979
515,866
379,856
136,010
7,512
7,232
1979-Mar.
515,815
380,060
135,755
4,448
7,632
1979-July,
Dec.
518,873
520,499
515,866
525,442
527,509
539,354
383,102
384,7 70
379,856
389,074
390,438
402,226
135,771
135,730
136,010
136,368
137,071
137,128
969
1,045
7,512
1,051
1,103
1,156
7,263
7,245
7,232
7,213
7,132
7,068
1,610
1,574
1,614
1,615
135
1,611
5,654
5,671
5,619
5,597
6,997
5,457
1980- Jan.
Feb.
Mar.
Apr
Hay.
June,
July.
545,708
548,905
559,226
561,873
558,833
556,856
571,673
408,302
414,646
430,036
435,284
433,184
431,893
446,254
137, «06
134,257
129,191
126.589
125,648
1,178
1,225
1,241
1,143
4,388
124,963
125,419
1,339
1,288
7,046
7,011
6,993
6,905
6,871
6,768
6,685
1,812
1,621
1,621
1,620
1,619
1,617
1,610
5,234
5,390
5,372
5,285
5,252
5,151
5,075
T.Q
Aug.,
Sept,
Oct.,
Nov.,
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to Include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976).
Also, adjustments are made
to reflect certain Export-Import Bank borrowing transactions now
Note:
3/
*
1,016
1,076
963
997
1,067
1,179
1,142
1,211
4,573
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
8,881
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,094
1,705
9,911
8,724
8,953
9,860
8,757
8,730
9,456
8,204
7,176
1,614
5,619
classified as agency debt. These tr ansae tlons were previously reported
as of f-budg t negative outlays.
Includes a nonmarketable Federal Reserve special certlftaate fbr $2*500.
Adjusted to pxclude aaBt-.intre5t-bearing notes issued to the International Monetary Fund to reflect the unified budget- concept.
For detail, see Table FD-6.
Less than $500,000.
..,
.,
..
S
,
1
Treasury Bulletin
16
-OWNERSHIP OF FEDERAL SECURITIES.
Table 0FS-*2.
-
Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonbank inves tors
End of
month
Individuals 3/
Corraner-
privately
held
Mutual
cial
Savings bonds
banks
2/
Series
E and H
Other
secu-
Other
Series 7/
ri tie?
1.9
7,5
20.6
20.0
16.3
15.8
17,2
16.7
16.4
16.0
19.3
23.5
Dec.,.,
1957-June..,
Dec...
19 58- June..,
Dec
1959-June..
Dec
33.4
231.6
208.1
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
12.7
93.8
74.5
57.3
59.5
56.2
59.5
65.2
67.2
61.5
60.3
20.7
137.9
133.6
139.5
140.9
137.4
137.7
131.9
136.2
142.8
150.4
9.4
63.9
64,1
66.6
65.9
66,3
64,9
64.4
63.7
66,3
69,4
1960-June.
Dec
1961-June..,
Dec ...
1962-June..,
Dec...,
196J-June..,
Dec. ..
1964-June..,
Dec ...
1965-June..
Dec...
204.5
207.5
205.4
212.3
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
42.5
42.9
43.6
44.2
44.6
58.2
60.7
149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
1966- Jure.
Dec. ..
1967-June..
Dec.
1968-June..
Dec. ..
1969-June..
Dec
1970-June..
209.6
215.5
204.4
219.5
217.0
226,7
214.0
221.2
217.2
229.1
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
72.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
1973-June..
Dec. .,
1974-June..
Dec,.
1975-June..
Dec...
1976-June..
Dec...
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5
61.0
65.3
60.9
67.7
58.8
60.3
69.0
85.1
92.5
103.8
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
283.8
305.7
86.
90.
96.
101.
8r
8r
2r
6r
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65.0
66.9
69.2
71.6
1977-June..
Dec...
421.0
461.3
102.8
101.4
318.2
359.9
104. 9t
107. 8r
74.0
76.3
1978-Jan...
Feb...
Mar...
Apr.
May...
June.
473.1
477.1
483.7
479.5
479.7
477.8
100.1
101.7
100.7
100.3
98.4
99,1
373.0
375.5
383.0
379.2
381.2
378.7
110, Ir
110. 2r
109. 7r
108. 5r
108. 4r
109. Or
76.7
77.2
77.6
78.0
78.4
78.7
33.
32.
31.
30.
29.
July..
482.3
489.0
488.3
494.7
502.3
508.6
96. 2r
94. 5r
94. 4r
94. 2r
93. 8r
93. Ir
386. Ir
394. 4r
393. 9r
393. 9r
408. 5r
415. 5r
I10.6r
115. 2r
114. Or
113. 4r
114. Or
114, Or
79.0
79.3
79.4
79.8
80.1
80.3
521.4
518.6
519.6
517.1
521.5
516.6
89. 9r
93. 5r
431. 5r
427. 5r
427. Ir
424. Ir
427. 3r
423. Ir
115, 2r
116, 2r
116, Ir
116, Or
117. Or
113. Or
519.8
521.5
524.0
526.5
528.6
540.5
93.4
92.7
92.3
93.5
95.0
97.0
430. Or
432. 5r
433. 3r
436. Ir
437. Ir
449. Or
114.
114.
115.
116.
115.
116,
546.9
551.6
560.5
563.0
562.0
55G.2
92. Ir
92, 9r
92. 4r
90. 3r
92. Or
454. 7r
458. 7r
472. 2r
470. 9r
113.
121.
125.
124.
93.6
464.6
120.1
572.0
94.4
478.
1
1939-Dec
1946-Feb
Dec...,
1956- June...
.
.
.
Dec,
1971-June..
Dec.
.
1972-June..
Dec.
.
.
,Aug...
Sept..
Oct...
Nov , .
Dec...
1979-Jan...
Feb...
Mar...
Apr.
.
May...
June.
July..
Aug.
Sept.
.
Oct...
Nov., .
Dec.
.
1980-Jan...
Feb...,
Mar..
Apr.
Hay,..
June • •
July p.
.
53.2
55.6
91. Ir
92. 5r
93. Or
94. 2r
41.4
41.5
41.6
42.1
42.5
42.6
42.4
45.1
46.0
46.7
47.3
47.9
48.3
48.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84j2r
3r
4r
2r
Or
4r
Ir
117, Or
468ar
I
30.8
30.3
40.9
5
'1.
3r
3t
!i
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
,7
5.7
24.4
24.9
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19,9
20,4
21,3
22.2
12.0
11.8
11.5
11.5
11.4
11.6
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
22,2
18.8
17.2
16.2
16,4
16.9
18.8
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
U.l
11.4
11.1
U.3
10.7
10.5
7.2
7.4
2.7
11.
11.8
8.3
8,0
7,9
7,6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
tions
1*1
2.0
19.9
15.3
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
State
and
local
governments
Foreign
and interr
national
5/
Other
investors
6/
.2
.3
6.7
6.3
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
2.4
1.9
6.2
6,7
6,5
6,9
5,9
6.9
8.1
9.9
9.5
9.3
11.4
19.5
18.7
18.5
18,5
18,2
18,6
18.7
18.7
18.9
18,2
15,3
15.8
18.8
18.7
19.3
19.0
20.1
12.5
13.5
12.7
13.5
13.6
14.8
22.9
10.1
10.5
10.1
10.9
11.3
12.0
12.6
12.6
12.0
13.1
12,2
13.0
14.2
14.9
11.0
12.2
12.0
14.2
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
11.6
10.8
11,4
12,9
10,7
12.5
10,3
10,4
14.0
19.8
16.9
19.4
19,3
19,9
22.7
21.9
22.0
25.0
21.0
19.9
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
39,3
41.6
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
69.8
17.2
15.6
14.0
17.0
16.6
19.3
17.3
78.1
22. Ir
25. 2r
37. 4r
37. 8r
39. 7r
49.1
36, 7r
48, 6r
U.l
10.4
8.5
7.3
20.1
21.4
21.1
22.5
21.1
24.1
U.l
U.l
11.2
11.8
12.3
15.1
15.6
15.8
16.3
16.8
16.7
29. 6t
9.5
10.6
12.7
30. 5r
31. Ir
12.8
15.5
6.2
5.9
20. 6r
21. 7r
50. 8r
87.9
109.6
Or
5.9
5.9
5.7
5.6
29. 9r
15.4
15,9
15.4
14.8
14.9
14.6
21.
21.
21.
21.
21.
20.
7r
7r
5r
5r
3r
5r
49. 4r
52. 5r
54. 4r
55. 7r
56. 8r
59. 8r
112.5
115.4
124.5
120.4
119.7
119.3
58. Or
54. Ir
51. 9r
52. 7r
54. 4r
50. 2r
31.
35.
34.
33.
33.
33.
2r
3r
2r
2r
5r
3r
14.9
15.0
15.1
15.3
15.0
14.9
5.4
5.3
5.2
5.2
5.2
5.0
20. It
19. 7r
19. 4r
59. 6r
63. 6r
63, 8r
63, Or
64, 2r
64. 4r
120.5
121.2
121.0
127.5
132.4
137.8
55. Or
50. 4r
55. 6r
56. Or
57. Ir
80.2
80.2
80.2
80.2
80.2
80.2
34.
35.
35.
35.
36.
32.
6r
6r
5r
4r
4r
4r
15.2
15.3
15.2
14.8
14.7
14.4
4.7r
4.7r
4.7r
5. Or
4.9r
4.8r
22.
22.
23.
24.
25.
25.
64. Or
63. 9r
65, 5r
65, 9r
66, 2r
66, 6r
142.2
136.9
132.8
124.8
118.0
119.5
68. 2r
67. 8r
69. 2r
73. 2r
81, 3r
79. 6r
80.3
80.3
80.2
80.1
79.7
79.5
33.
33.
34.
35.
6r
7r
6r
3r
14.5
14.6
14.6
14.8
14.4
14.4
4,8r
4,8r
4,8r
4,7r
4,7r
4,7r
21.2
20.7
23.7
24.1
24.0
23.9
66. 5r
66. 5r
67, Ir
67, Ir
67, 2r
67, 4r
124.4
123.7
125.2
124.4
119.6
123.8
80, Ir
83, 8r
82, 6r
84, 8r
91, 2r
97, 6r
3.9
71.1
73.1
7
20. 8r
21. 3r
21. 3r
26. 6r
5r
7r
Ir
6r
33.7
34.2
38. 4r
36. Ir
45. 2r
51. Ir
50. 9r
46. 7r
47.0
1
,1
,
5.9
5.2
4.5
3.5
banks
Corpora-
7.4
11.4
9.3
9.8
9,8
10,9
10,8
12, 4r
13. 8r
Source:
OffiLe of Governmenl Finani..ng iti
Ofti*^
III,
.^,
United States savings bonds. Series A-F and
\_l
are included at
redemption value.
II
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 personal trust accounts,
4/ Exclusive of banks and insurance companies,
il
Consists of the investment of foreign balances and international
t
7.6
6.6
savings
3.3
3,1
3.5
3.4
3.3
2,9
2.6
2.5
3.5
4.5
5.4
5.9
78.2
77.3
75.6
8r
2r
12.5
13.9
9.4
8.7
Insurance
companies
,
7.1
5.7
5.3
21. 3r
24. 7r
26. Ir
20.4
20. 6r
21. 2r
Or
7r
5r
4r
2r
2r
26. 5r
28. Ir
21. 8r
13.
4.5r
4,5r
4.6r
4.2r
4.6T
4.5
14.4
4.7
25.3
14. 5r
14, 7r
15,3r
15, 2r
13.7
25.7
25.0
27.8
67. 8r
72, 9r
68, Ir
67, 3r
67. 6r
58. 2r
99, 3r
99. 9r
117. 8r
118. 5r
119. 6r
67.4
125.1
124.8
119.8
116.4
116.1
122.4
U3.1
68.9
124.8
119.3
September 1980
77
TREASURY SURVEY OF OWNERSHIPJULY
31,
tions in the September 1960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies. Fed-
erally-sponsored agencies, and the District of Columbia.
1980
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions.
Holdings by commercial banks distributed according
The similar proportion for corporations
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks
State and local governments, iO percent.
published for June 30 and December 31.
Data were first pub-
t
arfi
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas-
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa-
the March 1954 Bulletin.
Table TSO-1.
-
Summary
in
of Federal Securities
millions of dollars)
He Id by private investor
Classification
Total
amount
outstand-
U.S. Government accounts and
Total
private
inves-
ing 1/
Federal
Reserve
banks
tors
5, 161
s
covered in Treasury Survey
78
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
Table TSO-2.
-
JULY 31, 1980
Interest-Bearing Marketable Public
Debt
Securities
by Type and Maturity Distribution
(Par values
-
in
millions of dollars)
Held by investors covered in Treasury Survey
Classification
Total
amount
outstanding
U.S. Government accounts and
Federal
Reserve
banks
y
Insurance companies
5,361
47<)
commercial
banks
savings
banks
2/
II
287
^37
life
casualty,
fu^^
and
savings
and loan
associat
413
corporations
ions
State and local
governments
311
181
general
funds
marine
pension
and ret i remen
funds
Held by
11
other
investors 3/
By type security :
Issued by U.S. Government
44,369
59,870
25.651
191,491
302,626
82,027
Treasury bills
Treasury notes
Treasury bonds
5,232
61,618
177
,677
341
3,312
237
314
917
1.754
6,587
1,657
Total
203
2,771
177
8,558
1,627
5,456
1,000
3,688
6,338
1,520
8,083
11,545
504
1,622
4,936
135,140
154,770
41,678
706
564
1,113
By'maturity distribution
Call classes (due or first
becoming callable):
:
Wi tiiin 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
270,475
183,949
60,205
23,757
12,125
25,634
58,775
36,328
18,162
3,619
5,855
7,151
17,809
42,214
7,708
Total
576.145
129,890
70,162
268,316
186,108
54,714
23,371
7.519
36,117
58,211
36,892
15,289
4,002
3,206
12,291
17.712
42,311
7,639
830
576,145
129,890
70,162
Maturity classes (final
maturity):
Within 1 year
to 5 years
1
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Total
835
998
313
1,120
,594
535
143
508
505
835
407
1,458
3,457
2,595
666
1,110
1,867
3,896
2,916
136
29
61
112
542
101
6
509
293
118
6,061
3,561
958
491
223
279
16
352
251
1,689
839
2,151
179,317
90,943
27,653
15,435
4,529
13,711
8,083
11,545
7,061
331,589
5,935
3,688
858
457
178,270
91,991
25,622
15,237
3,048
17,422
331,589
16
8,558
823
1,606
514
96
70
241
1,429
3,197
429
583
735
405
1,351
3,564
2,446
674
1,082
1,895
114
3,845
2,966
469
34
294
147
158
364
8
39
168
608
18
469
439
659
611
1,029
1,340
433
2,989
2,908
.558
8,083
11,545
7,061
Footnotes at end of Table TSO-5.
Table TSO-3.
-
InterestrBearing Marketable Public Debt Securities by Issue
(Par values
Treasury Bills
Regular
:
-
in
millions of dollars)
79
September 1980
TREASURY SURVEY OF OWNERSHIP
JULY
Table TSO-3.
-
31,
1980
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Par values
Total
amount
outstanding
u
millions of dollars)
Treasury Bulletin
80
TREASURY SURVEY OF OWNERSHIP
JULY
Table
TS04.
-
31,
1980
Securities Issued by
Government Agencies
81
September 1980
TREASURY SURVEY OF OWNERSHIP,
June 30, 1980
The monthly Treasury Survey of Ownership covers securities
issued by the United States Government, Federal agencies, Fed-
erally-sponsored agencies, and the District of Columbia.
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
The
Holdings by commercial banks distributed according t>
banks and insurance companies included in the Survey currently
Federal Reserve member bank classes and nonmember banks are
account for about 80 percent of all such securities held by
these institutions.
The similar proportion for corporations
and for savings and loan associations is 50 percent, and for
State and local governments, 40 percent.
published for June 30 and December 31.
the March 1954 Bulletin.
Data were first pub-
lished for banks and insurance companies in the May Y)U1 Treas-
ury Bulletin, for corporations and savings and loan associa-
Table TSO-1. -Summary of Federal Securities
(Par values
-
Holdings by corporate
pension trust funds are published quarterly, first appearing in
in millions of dollars)
82
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
June 30, 1980
Table TSO-2.
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
Footnotes at end of Table TSO-5.
Table TSO-3.
Interest-Bearing Marketable Public Debt Securities by Issue
83
September 1980
.TREASURY SURVEY OF OWNERSHIP,
June 30, 1980
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by
lesue-Continued
of dollars)
(Par values
Held by investors covered In Treasury Survey
Total
amoun t
ou tstand-
U.S. Government accounts and
Federal
Reserve
banks
5,362
commercial
banks
460
mutual
savings
banks
2/
2/
iai
287
life
'•17
fire,
casual ty
and
marine
Treasury Notes- (Continued)
1981-L.
7-1/4
Dec.
1981-AB...
Dec.
11-3/8
1982_N....
11-1/2
Jan.
1982-D....
Feb.
6-1/8
1982-P...,
13-7/8
Feb.
1982-G,...
Mar.
7-7/8
1982-Q....
Mar.
15
1982-R
11-3/8
Apr.
1982-E....
May
7
1982-A....
May
1982-K
9-1/4
May
1982-S....
May
9-3/8
19e2-H....
8-1/4
Jun.
1982-T..,.
8-5/8
Jun.
Aug.
1982-E..,.
8-1/8
9
1982-M
Aug.
1982-J
8-3/8
Sep.
1982-C....
7-7/8
Nov,
1982-F....
Nov.
7-1/8
Dec.
1982-L....
9-3/8
1983-A
8
Feb.
1983-D
9-1/4
Mar.
1983-C.,..
May
7-7/8
1983-G
11-5/8
May
1983-E
8-7/8
Jun.
1983-J...,
11-7/8
Aug.
1983-K
Aug.
9-1/4
1983-F..,,
9-3/4
Sep.
7
10-1/2
7-1/4
14-1/4
9-1/4
8-7/8
7-1/4
8
10-3/8
14-3/8
8-1/4
9-5/8
7-7/8
Nov.
Dec,
Feb,
Mar.
May
Jun.
Aug.
Feb,
May
Way
Aug.
Aug.
May
Aug.
Feb.
12
7-5/8
8-1/4
8-3/4
9-1/4
10-3/4
May
Nov,
Hay
Nov.
May
Nov.
1983-B,...
19e3-H..,.
1984-A...,
1984-D....
1984-C
1984-E....
1984-B
1985-A....
1985-C
1985-D
1985-B....
1985-E....
1986-A
1986-B..,,
1987-B.,.,
1987-C
1987-A...
1988-A..,
1983-B...
1989-A...
1989-B.,,
Exhange Series.
3,452
4,307
4,485
2,697
4,498
2,853
4,072
4,574
2,613
2,747
3,556
4,284
2,594
5,214
2,918
3,587
2,501
2,902
2,737
3,205
7,958
2,930
2,573
3,618
3,123
4,285
6,670
2,802
2,309
7
6-3/8
6-3/8
3-1/4
6-1/8
4-1/4
4
7-1/2
4-1/8
3-1/2
8-1/4
7-1/4
6-3/4
7-7/8
7
8-5/8
8-5/8
9
8-1/2
8-3/4
10-1/3
3
10-1/2
7-7/8
12-5/8
8-3/8
8
3-1/2
8-1/4
7-5/8
7-7/8
8-3/8
8-3/4
9-1/8
10-3/8
11-3/4
10
Aug.
Feb.
Aug.
May
Nov.
Aug.
Feb.
Aug,
May
Feb.
May
Aug.
Feb.
Feb.
May
Aug,
Nov.
Feb.
May
1975-85...
1978-33...
1980
1981
1982
1984
1935
1986
1987-92.,,
1988-93..,
1988-93..,
1989-94..
1990
1990
1992
1993
1993
1993-98...
1993
1993
1994
1994-99...
Nov.
Feb.
May
2005-10..
May
Aug.
Aug.
Nov,
May
Feb.
Nov.
Aug.
Nov.
May
53
1,450
1,019
380
149
700
1,164
1,074
76
780
229
459
2,144
12
108
851
426
1,072
3,184
334
101
221
2,863
4,203
2,539
2,719
4,837
3,293
5,219
9,515
6,238
2,472
2,387
4,148
3,445
2,628
5,779
3,913
531
69
508
385
1,448
38
293
1,629
89
1,15!
1,994
1,657
437
bib
1,754
1,134
459
1,917
21
1994
1994
1995
1995
1995-2000
1995
1995-2000
1996-2001
1998
2000-05..
2002-07..
2002-07..
2003-08..
2003-06..
2004-09..
2004-09..
2005-10..
Aug.
Nov.
Feb.
Feb.
Feb.
59
534
245
620
521
2,701
8,433
2,914
2,587
3,724
59
Total Treasury Notes,
Treasury Bonds:
4-1/4
May
3-1/4
Jun.
3-1/2
Nov.
177
577
462
Total Treasury Bonds
Total Marketable Public DE
971
1,191
1,723
807
2,702
2,203
673
1,196
2,537
150
1,914
921
2,333
1,247
1,504
627
1,501
692
1,768
1,509
3,010
2,414
1,506
1,502
446
1,502
2,771
1,503
4,662
1,575
1,654
4,246
4,249
1,495
2,103
5,230
4,606
2,317
2,647
2,987
80,596
566,735
State and local
governments
Insurance companies
savings
and loan
associations
corporations
Held bv
311
181
all
general
pension
other
inves-
and re-
tirement
funds
tors 3/
Memorandum
Held by
60,468
corporate
pension
trust
funds 4/
84
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP.
June 30, 1980
Table TSO-4. - Securities Issued by Government Agencies
September 1980
85
TREASURY SURVEY
-
COMMERCIAL BANK OWNERSHIP
JUNE
30.
1980
Commercial bank ovmership was first published in the May
The tables which follow report the security holdings of
those commercial banks included in the Treasury Survey of Own-
ership by type of bank and by type of security.
The figures
19i*i*
issue of the "Treasury Bulletin" based on the Survey date
for
December 31, 1943.
It
has appeared at semiannually or
in the columnar headings indicate the number of reporting banks
quarterly intervals since that time and is now being published
in each class.
for the June 30 and December 31 Survey dates.
Table TSC-1.
-
Summary
of Interest-Bearing Public Debt Securities
(Par values
-
in
millions of dollars)
86
Treasury Bulletin
.TREASURY SURVEY
-
COMMERCIAL BANK OWNERSHIP
June 30, 1980
Table TSC-3.
-
Interest-Bearing Marketable Public Debt
Securities by Issue
September 1980
87
COMMERCIAL BANK OWNERSHIP
.TREASURY SURVEY
Table TSC-3.
June 30, 1980
Interest-Bearing Marketable Public Debt S.ecaritie8 hj Issue— Continued
(Par values
-
in millions of dollars)
Federal Reserve member banks
Held by
5,362
commercla
banks 1/
Dec.
Feb.
Mar.
Mar.
9-3/8
8
9-1/4
7-7/8
11-5/8
8-7/8
11-7/8
May
June
Aug.
Aug.
Sept.
Nov.
Deo.
Feb.
Mar.
9-lA
9-3/4
7
10-1/2
7-1/4
14^1/4
9^1/4
8-7/8
7-1/4
8
10-3/8
14-3/8
8-1/4
9-5/8
7-7/8
8
9
May
June
Aug.
Feb.
May
May
Aug.
Aug.
May
Aug.
Feb.
May
12
7-5/8
8-1/4
8-3/4
9-1/4
10-3/4
Nov.
May
Nov.
May
Nov.
1982- L.
198J-A.
1983-D.
1983-C.
1983-G.
1983-E.
1983-J.
1983-K.
1983-F.
1983- B.
1983-H.
1984-A.
1984-D.
1984^0.
1984- E.
1984- B.
1985-A.
1985- C.
1985- D.
1985- B.
1985- E.
1986- A.
1986-B.
1987-B.
1987- C.
1987-A.
1988- A.
1988-B.
1989-A.
1989- B.
917
1,269
964
937
783
1,432
1,092
1,675
884
574
1,134
1,137
1,023
721
629
762
758
Reserve city
3,078
member
banks
2,873
country
12
New York
City
700
897
765
753
611
1,278
899
1,530
743
426
1,011
903
952
26
26
39
48
34
530
140
991
207
28
506
95
558
582
552
584
567
350
17
6
65
9
Chicago
37
7
59
66
90
3
30
13
1
29
24
16
23
10
75
4
34
151
other
247
282
289
302
265
399
398
204
271
170
273
277
241
264
80
130
224
142
258
467
194
102
395
514
23
102
70
69
94
132
390
533
378
333
312
259
358
305
251
227
203
506
136
229
112
362
332
300
92
292
142
274
781
290
94
95
144
121
476
1
647
1,052
692
539
1,776
1,129
184
359
305
357
337
493
594
911
643
387
1,265
1,016
146
298
229
301
259
379
201
148
44
68
117
28
91
22
95
76
10
156
57
11
61,411
48,962
8,314
1.926
53
45
52
43
45
23
13
37
47
21
7
16
615
4
4
10
15
35
2,317
nonmember
banks
217
372
199
183
173
154
193
145
142
148
123
234
72
140
77
178
191
140
53
141
49
152
511
113
33
61
76
56
78
113
Exchange Series
Total Treasury Notes
Treasury Bonds
4-1/4
3-1/A
3-1/2
7
e-3/8
6^3/8
3-1/4
6-1/8
4-1/4
4
May
June
Nov.
Aug.
Feb.
Aug.
May
Nov.
Aug.
Feb.
Aug.
7-1/2
4-1/8
3-1/2
8-1/4
7-1/4
6-3/4
7-7/8
May
7
May
8-5/8
8-5/8
9
8-1/2
8-3/4
10-1/8
Aug.
Nov.
Feb.
3
10-1/2
7-7/8
12-5/8
8-3/8
3
3-1/2
21,665
:
May
Feb.
Aug.
Feb.
Feb.
May
Aug.
Nov.
Feb.
Feb.
Feb.
May
Aug.
Aug.
Nov,
8-1/4
7-5/8
7-7/8
8-3/8
8-3/4
May
9-1/&
May
10-3/8
11-3/4
10
Nov.
Feb.
Feb.
Nov.
Aug.
Nov.
May
1975-85...
1978-83...
1980
1981
1982
1934
1985
1986
1987-92...
1988-93...
1988-93...
1989-94...
1990
1990
1992
1993
1993
1993-98...
1993
1993
1994
1994-99...
1994
1994
1995
1995
1995-2000.
1995
1995-2000.
199C^2001.
1998
2000-05...
2002-07...
2002-07...
2003-08...
2003-08...
2004-09...
2004-09...
2005-10...
2005-10...
Total Treasury Bonds.
Total marketable public debt securities
Footnotes at end of Table TSG-5.
.
373
99
17
33
31
32
1
275
64
95
23
12
30
9
176
40
9
21
17
7
9
3
9
5
11
98
35
5
1
1
1
13
6
*
39
30
6
23
9
4
3
1
2
1
43
45
163
49
163
92
82
58
56
54
44
12
3
37
35
8
29
9
25
37
13
47
6
10
73
25
42
43
23
90
25
121
89
72
47
50
37
33
9
52
3
9
40
34
54
13
18
9
12
31
1
30
2
1
6
1
1
1
3
3
28
10
11
6
17
6
27
35
25
12
6
5
1
4
.3
3
52
47
90
54
59
28
58
6
254
403
450
24
85
24
20
163
9
14
24
22
6
9
25
15
4
36
45
5
2
32
1
13
8
3
7
13
11
27
1
2
2
1
229
371
172
66
26
96
36
231
218
20
381
24
78
31
18
20
163
49
4
18
159
3,3B''
2,710
717
69, 535
55,064
9,560
31
69
16
5
27
1
2
11
7
7
2
3
2,132
19,065
928
675
24,207
14. 472
Treasury Bulletin
88
TREASURY SURVEY
Table TSC-4.
-
-
COMMERCIAL BANK OWNERSHIP.
June 30, 1980
Securities Issaed by
(Par values
-
in
Government Agencies
miliions of doiiars)
September 1980
89
.MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
Current market quotations shown here are over-the-
29,
1980.
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)
-
Treasury BUls
Securities
Treasury Bulletin
90
.MARKET QUOTATIONS ON TREASURY SECURITIES. AUGUST
Table MQ-2.
-
Treasury Notes-Continued
29,
1980
91
September 1980
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
Table MQ-3.
-
Treasury Bonds
(Price decimals are 32nds)
29,
1980.
Treasury Bulletin
92
.MARKET QUOTATIONS ON TREASURY SECURITIES.
LU
o
O)
September 1980
93
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
Treasury
bonds 1/
Jan.
Feb.,
Mar.
Apr.
May..
June.
-
.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
Jan.
Feb..
Mar..
Apr.
May..
Jime.
.
July.
Aug.,
Sept.
Oct..
Nov..
Dec..
Jan.
Feb..
Mar..
Apr.
May..
June,
July.
Aug..
Sept.
Oct..
Nov..
Dec.
5.74
-
Average Yields of Long-Terra Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New Aa
inunicipal
bonds 2/
Treasurybonds 1/
New A a
corporate
bonds 2/
New Aa
iiiuniciijal
Treasury
bonds 1/
New Aa
corporate
bonds 2/
bonds 2/
Monthly series - averages oC daily or weekly series
New A a
minicipal
bonds 2/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 2/
94
Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BONDS
;ent
15.0
14.0
13.0
12.0
11.0
10.0
9.0
September 1980
93
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
Table IFS-4 shows United States Treasury nonmarke table
bonds and notes issued to official institutions and other
residents of foreign countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve position in the International Monetary Fund.
Table IFS-5 sets forth the factors which affect the
United
States position in the International Monetary Fund,
Table IFS-2 brings together statistics on liabilities
foreign official institutions, and liquid liabilities to
all
other foreigners, which are used in the United States
balance -of -payments statistics.
weighted-average
Table IFS-6 presents a measure of
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
to
Table IFS-1.
U.S. Reserve Assets
(In millions of dollars;
end of
calendar year
or month
Gold stock 2/
Total
reserve
assets l_/
Total 3/
Treasury
(3)
(2)
(1)
Special
drawing
rights
U
Foreign
currencies 5/
i*_/
1970
14,487
11,072
10,732
1971
12,167 2/
10,206
10,132
1
1972
13,151
8/
10,487 8/
10,410 8/
1,958
1973
14,378 9/
11,652 9/
11,567 9l
1974
15,883
11,652
1975
16,226
1976
18,747
1977
1978
U
851
629
100
276 2/
585
8/
241
465 8/
2,166 ^/
2,374
8
11,652
11,599
11,599
2,335
80
2,212
11,598
11,598
2,395
320
4,434
19,312
11,719
11,719
2,629
18
4,946
18,650
11,671
11,671
1,558
4,374
1,047
1979
18,928
11,172
11,172
2,724
3,779
1,253
1979-Aug.
Sept
Oct.
20,023
18,534
17,994
19,261
18,928
11,259
11,228
11,194
11,112
11,172
t 1,2 59
1,277
1,280
20,962
20,840
21,448
11,172
11,172
11,172
May.
21,521
21,794
June,
July
Nov.
Dec.
1980-Jan.
Feb.
Mar..
Apr.
Aug..
y
2/
2,689
2,725
2,659
2,705
2,724
4,798
3,301
2,903
4,122
11,172
11,172
3,871
3,836
3,681
3,697
3,744
4,668
4,545
5,373
5,558
5,721
21_,921
11,172
11,172
3,782
21,828
22,581
11,172
11,172
3,842
5,582
5,404
U,172
11,1''2
«,009
5,836
6/
~
2/
8/
IFS-2.
3/
V
5/
5
11,228
11,194
11,112
11,172
11,172
11,172
11,172
11,172
11,172
Beginning July 1974, the IMF adopted a technique for valuing the
special drawing right (SDR) based on a weighted-average of exchange
The United States
rates for the currencies of 16 member countries.
SDR holdings and reserve position in the IMF are also valued on this
basis beginning July 1974.
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the International Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
For corresponding liabilities see Table
Fund under quota increases.
See
Includes gold held by the Exchange Stabilization Fund (ESF).
"Account of the U.S. Treasury," Table UST-3.
Includes allocations of SDRs in the Special Drawing Account In the
International Monetary Fund, plus or minus transactions in SDRs.
Allocations of SDRs on January 1 of respective years are as follows:
1979,
1972, $710 million;
1971, $717 mllllonj
1970, S867 million;
874 million (in SDR terms); and 1980, 874 million (in SDR terms).
Includes holdings of Treasury and Federal Reserve System; beginning
November 1978, these are valued at current market exchange rates.
~9/
^/
(6)
(5)
(A)
Reserve
position in
International
Monetary Fund
3,779
1,935
552 9/
1,852
1,2 38
1,322
1,253
1,251
1,287
1,222
1,094
1,157
1.385
1,410
1,564
The United States has the right to purckase foreign currencies
equivalent to its reserve position in the Fund automatically if
Under appropriate conditions the United States could purneeded.
See
chase additional amounts related to the United States quota.
Table IFS-5.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31. 1971,
See also footnotes 3 and 4, Table IFS-4.
Total reserve assets include increase of $1,016 million resulting
from change in par value of the U.S. dollar in May 1972, consisting
of $828 million total gold stock, $822 million Treasury gold stock,
$155 million special drawing rights and $33 million reserve position
in the International Monetary Fund.
Total reserve assets include increase of_ $1,436 million resulting
from change in par value of the dollar on October 13, 1973, consisting of $1,165 million total gold stock, $1,157 million Treasury
gold stock, $217 million special drawing rights, and $54 million
reserve position in the International Monetary Fund.
,
.
.
.
Treasury Bulletin
9(^
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2.
-
Selected U.S. Liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
End of
calendar
year or
month
Liabi li ties
to IMF
arising from
gold trans
actions 1/
Liabilities to
other foreigners
tary in-
Liabilities
reported
by banks
Marketable U.S.
Treasury
bonds
in U.S.
and
Other
readily
marketable
liabil-
Nonmarketable U.S.
Treasury
bonds and
notes 4/
notes 3/
n/
i
banks
ties
reported
by' banks
6/
ities 5/
in U.S.
Marketable U.S.
Gov t
bonds
'
yy
(U)
Nonmarketable U.S.
Treasury
bonds and
notes %J
al and re-
gional organizations
9/
O)
(10)
23,786
23,775
20,028
20,028
306
295
3,452
3,452
17,303
17,335
4,854
4,792
4,082
4,092
647
565
135
135
1,633
1,635
'68,593
68,720
544
544
51,209
50,651
39,823
39,162
1,955
1,955
9,431
9,534
10,519
11,206
4;329
4,350
3,747
3,750
447
447
135
153
1,974
1,959
61,526
61,526
40,093
40,093
5,236
5,236
15,747
15,747
14,925
14,925
5,130
5,130
4,705
4,705
425
425
2,188
2,206
(2)
83,769
83,787
1972 10/
Liabi 1-
566
566
(1)
1971 10/
ternation-
Liabilities
48,152
48,103
f
1970 \aj
Liabilities
to nonmone-
(3)
(^)
(7)
(6)
450
450
(8)
(12)
(13)
1973
93,642
66,86H2/«i4,233
5,701
15,564 12/
1,363
17,985
1974
120,417
^120,325
76,815
76,823
53,196
53,203
5,059
5,059
16,339
16,339
2,222
2,222
30,575
30,367
8,882
8,991
8,384
8,493
498
498
4,144
4,144
1975
1976
1977
1978
1979
127,432
152,468
193,827
244,323
268,013
80,712
91,975
126,080
156,841
143,126
50,461
54,956
65,822
6,671
11,788
32,165
19,976
20,648
20,443
3,604
4,583
7,650
29,881
37,950
43,250
10,801
13,791
16,455
10,100
12,814
14,736
701
977
1.730
6,038
8,752
8,031
90,962
78,077
35,894
37,669
20,970
17,387
9,015
9,993
59,797
90,249
19,942
26,851
16,020
18,526
2,327
3,056
1,595
5,269
7,743
7,787
1979-July..
Aug
Sept..
Oct
Nov.
Dec.
248,739
271,594
267,073
261,734
264,718
268,013
142,035
142,784
140,853
135,318
143,126
75,301
75,689
76,545
74,587
70,804
78,077
37,501
38,012
38,103
38,159
37,122
37,669
19,797
19,547
19,547
18,497
17,837
17,387
9,436
9,536
9,591
9,610
9,555
9,993
74,533
96,604
90,857
88,120
94,625
90,249
24,278
24,122
24,310
24,673
26,527
26,851
17,236
17,155
17,353
17,627
18,255
18,526
2,892
2,817
2,807
2,896
3,003
3,056
4,150
4,150
4,150
4,150
5,269
5,269
7,893
8,084
8,120
8,088
8,248
7,787
1980-Jan
Feb
Mar
Apr ...
May
June p
268,553
278,220
270,096
264,177r
266,615
271,316
139,641
138,642
135,574
133,887
136,923
142,356
73,603
72,725
70,023
68,450
71,218
74,693
38,152
37,888
37,785
37,718
38,104
39,821
17,434
17,384
16,784
16,384
16,184
15,954
10,452
10,645
10,982
11,335
11,417
11,888
93,254
102,315
97,384
94,235
94,328
28,371
28,897
28,902
27,951
27,670
=92,011
•29;024
18,625
19,110
19,034
18,121
17,748
18,999
3,309
3,350
3,431
3,393
3,485
3,588
6,437
5,437
5,437
5,437
5,437
6,437
7,287
8,355
8,236
*,104t
7,694
7,925
July p
273,326
145,621
76,534
40,583
15,954
12,550
92,254
28,241
18,183
3,621
6,437
7,210
WJ
.
.
143-,786
Table is based on Treasury Department data and on data reported
Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Federally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional 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 awaiting
investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-earning
assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data.
Excludes notes issued to foreign official nonreserve agencies.
Includes debt securities of U.S. Government corporations. Federally-sponsored agencies, and private corporations.
Includes liabilities payable in dollars to foreign banks, and
liabilities payable in foreign currencies to foreign banks and to
"other foreigners."
Note:
to the
1/
12/
5,602
Includes marketable U.S. Government bonds and notes held by foreign
banks
Includes nonmarketable U.S. Government bonds and notes held by
foreign banks.
Principally the International Bank for Reconstruction and Development,
9/
the Inter-American Development Bank and the Asian Development Bank.
Data on the two lines shown for this date differ because of changee
10;/
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 t^ose shown for the following date.
Data on the second line differ from those on the first line because
11/
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
are increased in value to reflect market exchange
rates as of December 31, 1971, as follows: U.S. Treasury certificates,
$7 million; nonmarketable U.S. Treasury bonds and notes, column 6,
$103 million and column 12, $18 million.
Includes $162 million increase in dollar value of foreign currency
12/
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.
p. Preliminary
r
Revised,
7/
07
September 1980
.INTERNATIONAL FINANCIAL STATISTICS.
-
Table IFS-3.
U.S.
Liabilities
to
Official Institutions
of
Foreign Countries, by Area
(In millions of dollars)
End of
calendar year
or month
1970
y
1971
y
1^1 ...
Total
foreign
countries
Western
Europe
(1)
(2)
Other
countries
Latin American
and Caribbean
Republics
u
(3)
(6)
(4)
(7)
414
413
23,786
23,775
13,620
13,615
2,951
2,951
1,681
1,681
4,713
4,708
407
407
51,209
50,651
30,010
30,134
3,980
3,980
1,414
1,429
14,519
13,823
415
415
871
870
34,197
45,764 1/
4,279
3,853
1,733
2,544
17,577
10,887
777
788
2,963
3,025
1972
1973
61,526
66,861
1974
76,816
76,823
44,328
44,328
3,662
3,662
4,419
4,419
18,619
18,626
3,161
3,161
2,627
2,627
80,712
91,975
126,080
156,841
143,126
45,701
45,882
70,748
93,089
85,602
3,132
3,406
2,334
2,486
22,551
34,108
45,676
53,068
2,983
1,893
1,742
2,408
1,897
1,782
947
752
1,898
4,448
4,906
4,633
5,038
5,360
(
1975
1976
1971
1978
1979
5
46,357
2,412
497
1979-!uly...
Aug .
Sept.
Oct
Nov. . .
Dec
142,035
142,784
143,786
140,853
135,318
143,126
86,674
86,559
87,234
85,585
80,841
85,602
2,116
2,185
2,412
1,954
5,380
4,484
4,883
4,532
44,547
45,909
46,299
45,787
2,613
3,219
2,511
2,583
705
428
447
412
1,971
1,898
4,568
6,360
45,160
46,357
2,215
2,412
563
497
1980-Jan
Feb
Mar
139,641
138,642
135,574
133,887
116,923
142,356
82,628
79,852
77,119
74,154
74,159
75,19J
1,922
2,347
1,644
1,903
2,134
2,157
4,763
4,841
6,074
5,968
6,021
6,012
47,098
48,207
47,501
47,790
50,778
55,425
2,480
2,392
2,419
3,316
2,889
2,694
145,621
77,898
1,907
6,306
55,847
2,930
.
.
.
Apr.
May
June
.
.
p.
July p
Note:
Data represent short-term and long-term liabilities to the official institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarke table notes issued to foreign official nonreserve agencies; and Investments by foreign official reserve
agencies in debt securities of U.S. Government corporations.
Federally-sponsored agencies, and private corporations.
Includes Bank for International Settlements and European Fund.
Includes countries in Oceania, Eastern Europe and Western European
U
3/
dependencies in Latin America,
Data on the two lines shown for this date differ because of changes in
Figures on the first line are comparable in
reporting coverage.
750
1,003
817
756
942
877
733
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
4/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $101 million to reflect market exchange rates
as of December 31, 1971.
•bl Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
Preliminary.
p
Treasury Bulletin
98
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
of Foreign Countries
Issued to Official Institutions and Other Residents
(In millions of dollars or dollar equivalent)
End of
calendar
year or
month
Payable in dollars
Grand
total
Germany
(1)
(2)
September 1980
99
INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
U.S.
Position in the International Monetary Fund
100
Treasury Bulletin
.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
101
September 1980
.CAPITAL
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935
under Treasury regulations pursuant to Executive Orders Nos.
6550 of January 15, igS't and 10033 of February 8, 1949, and
Reports
the International Investment Survey Act of 1976.
are filed with Feder-il Reserve Banks by banks, bank holding
companies, securities brokers and dealers, and nonb.inklng
Stat istics on the princienterprises in the United States.
pal types of data and the principal countries are then consolidated and are published in the monthly Treasury Bulletin
.
The reporting forms and instructions 1^/ used in the Treasury International Capital (TIC) Reporting System have been
revised a number of times to meet changing conditions and to
Recent
increase the usefulness of the published statistics.
revisions to the reporting forms are part of a broad prograii
conducted over the past several years to ensure the adequacy
of the Treasury capital movements statistics for analysis and
policy formulation with respect to the international financial
position of the United States and 3n inovements of capital beRevised forms
tween the United States and foreign countries.
and instructions are developed with the cooperation of other
Government agencies and the Federal Reserve System and in consultations with representatives of banks, securities firms and
nonbanking enterprises.
The most recent revisions of the TIC B- series Forms, filed
by banks and some brokers in the United States, became effective with reports as of April 30, 1978; new data series were
Substantial
introduced in the July 1978 Treasury Bulletin
revisions of the C-series Forms, filed by nonbanking enterprises, were effective with reports as of December 31, 1978;
June 1979
the new data series are shown beginning with the
issue.
Major revisions of the TIC Forms that affect the
format and coverage of the current Capital Movements tables
are noted under "Description of Statistics" below.
.
Basic Definitions
The term "foreigner" as used in the Tre.isury reports
institutions and individuals domiciled outside
covers all
the United States, including United States citizens domiciled
abroad, and the foreign branches, subsidiaries and of f ices of
central
United States banks and business concerns; the
governments, central banks and other of ficial institutions of
foreign countries, wherever located; and international and
regional organizations, wherever located. The terra "foreigner" also includes persons in the United States to the exr
tent that they are known by reporting institutions to be acting on behalf of foreigners.
the foreign
data are reported opposite
In general,
is
country or geographical area in which the foreigner
domiciled, as shown on the records of reporting institutions.
For a nuTiber of reasons, the geographical breakdown of the
reported data may not In all cases reflect the ultimate
not
ownership of the assets. Reporting institutions are
expected to go beyond the addresses showi on their records,
and so may not be aware of the country of domicile of the
Furthermore U. S. liabilities arising
ultimate beneficiary.
from deposits of dollars with foreign banks are reported
generally in the Treasury statistics as liabilities to foreign
banks, whereas the liability of the foreign bank receiving the
deposit may be to foreign official institutions or residents
of another country.
,
Data pertaining to branches or agencies of foreign
official institutions are reported
opposite the country to
which the official institution belongs. Data pertaining to
international and regional organiaations 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
Europe.
Geographical Classif ica tioa
A number of changes in geographical classification were
introduced for most Capital Movements tables in the July 1978
Several countries formerly included in "Eastern
issue.
MOVEMENTS.
Europe" and in "Other Latin American Republics" are
shown
separately in the country list as wel I as a new category in
the International and Regional grouping for "Middle Eastern
Regional" in view of the proliferation of regional financial
organizations, primarily in the Arab States.
The remaining
countries in the categories "Other Eastern Europe" and "Other
Western Europe" were combined into a single "Other Europe"
category; and the heading, "Latin America"
was
retitled
"Latin America and Caribbean." To the extent possible, the
statistics for earlier dates have b=en adjusted in accordance with the revised country stub.
Reporting Coverage
Reports are required from banks bank holding companies
securities brokers and dealers and nonbanking
enterprises
in the United States, including the branches agencies, subsidiaries, and other affiliates in the United States of foreign firms.
Institutions that have reportable liabilitities, claims, or securities transactions below specif led exemption levels are exempt from reporting.
,
,
,
Banks file reports monthly covering their dollar
liabilities to, and dollar claims on, foreigners in a number of
countries. Twice a year as of June 30 and December 31, they
also report the same liabili ties and claims i terns with respect
to foreigners in countries not shown separately on the monthly
reports.
Beginning with reports duo as of June 30, 1978,
banks also report quarterly their liabilities and
claims
vis a vis foreigners that are denominated in foreign
currencies.
The specified exemption level applicable to
the
monthly reports is $2 million and is based on the average
for the report dates during a six-month period,
Including
the current report date.
There are no separate exemption
levels for the quarterly and semiannual reports.
Banks, securities brokers and dealers, and in some instances, nonbanking enterprises, report monthly their transactions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports are filed by exporters, importers,
industrial and commercial concerns, financial institutions
other than banks and brokers, and other nonbanking enterprises
if their
liabilities or claims, on the six-month average
basis, are $2 million or more.
Beginning December 31, 1978,
these firms also report for each month-end their U.S. dollardenominated deposi t and certificate of deposit claims on banks
abroad of $10 million or more.
Description of Statistics
Section I presents data in four tables on liabilities to
Beginning
foreigners reported by banks in the United States.
April 1978, amounts due to banks' own foreign offices are shown
separately; the previous distinction between short-term and
long-term liabilities has been eliminated; there is a separation of the liabilities of the reporting banks themselves
from their custody liabilities to foreigners; and foreign
Also,
currency liabilities are only reported quarterly.
beginning April 1978, the data on liabilities are more complete by extending to securities brokers and dealers the
requirement to report certain of their own liabilities and
all of their custody liabilities to foreigners.
Table CM-I-1, showing total liabilities by type of foreign
holder, combines liabili ties previously shown separately as
either short-term or long-term. Table CM-I-2, Parts A and B,
on foreigners' holdings of liabilities by type, shows total
Table CM-I-3
bank reported liabilities payable in dollars.
presents total liabilities by country for recent periods and
includes the long-term data previously shown separately ;whereliabilities by type and country
covering total
as CM-I-4,
includes several data items not
for the most recent month,
The liabilities
reported separately prior to April 1978.
data on supplementary countries previously presented in Table
CM-I-5 now appear in Table CM-III-1. (SeeSection III below. )
.
Treasury Bulletin
102
.CAPITAL
MOVEMENTS.
Section II presents the claims on foreigners reported by
banks in the United States.
Beginning with data reported as
of the end of April 1978, banks' claims held for their own acacount are reported separately from claims held for their domestic customers.
The former are available in a monthly series
whereas the latter data are collected on a quarterly basis
Also, there is no longer a breakdown available on the
only.
long-term and short-term components of banks* claims. Maturity data are collected quarterly on a time remaining to maturity basis as opposed to the historic original iiiaturity classification.
Foreign currency claims are also collected only
on a quarterly basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published separately.
Table CM-II-2, showing total claims by type, is based on the
Table CM-II-3, which represents
revised banking reports.
total claims by country, merges the previously reported shortterm and long-term claims data from old CM-II-2 and CM-II-5.
New Tables CM-II-A through CM-lI-7 are based on the revised
reports and replace the previous tables which showed shortterm and long-term claims separately.
Another important change in the claims reporting, beginning with new quarterly data as of June 30, 1978, is the
adoption of abroadened concept of "foreign public borrower,"
"foreign official
which replaces
the previous category of
institution" to produce more meaningful information on lending
The term "forto the public sector of foreign countries.
and
eign public borrower" encompasses central governments
departments of central governments of foreign countries and
stabilization
of their possessions; foreign central banks,
corporations and
other
funds, and exchange authorities;
agencies of central governments including development banks,
madevelopment institutions and' other agencies which are
jority-owned by the central government or its departments;
State, provincial and local governments of foreign countries
and their departments and agencies; and any international or
agency
regional organization or subordinate or affiliated
thereof, c reated by treaty ^x convention between
sovereign
states
,
Section III includes two supplementary tables on U.S.
Table
liabilities
to, and claims
on, foreigners.
own
CM-III-1 summarizes dollar liabilities to,
and banks'
dollar claims on, countries and areas not regularly reported
separately.
Beginning with reports due as of June 30, 1978,
these data are collected semiannually.
Previously, the
semiannual reports were addressed to liabilities items only
and were
reported as of April and December; however, they
are now collected as of the end of June and December.
Table
CM-III-2 presents data on U.S. banks'
loans and credits to
nonbank foreigners, based on the TIC reports and on
the
monthly Federal Reserve 2502 reports submitted for foreign
branches of U.S. banks.
banks'
Sections IV and V, respectively,' show the liabilities to,
and claims on, unaffiliated foreigners by exporters, importers,
financial institutions
industrial and commercial concerns,
other than banks and brokers and other nonbanking enterprises
intercompany
The data exclude
the
in the United States.
accounts of nonbanking enterprises in the United States with
their own branches and subsidiaries abroad or wi th their for(Such transactions are reported by
eign parent companies.
its
business enterprises to the Department of Commerce on
direct investment forms.) The data also exclude c laims held
Beginning with data
through banks in the United States.
published in June 1979 (reported as of December 31, 1978),
,
1/
there is separation of the financial liabilities and claims
enterprises from their commercial liabilities
of reporting
and claims; and items are col lee ted on a time remaining basis
In addition,
instead of the prior original maturity basis.
the number of reporters increased somewhat as a result of a
late
broad canvass of prospective reporters undertaken in
1978.
Section IV, Table CM-IV-1 combines liabilities
In
previously shown as either short-term or long-term in old
these
shortTable CM-IV-1; Table CM-IV-2 combines
term and long-term liabilities by country and replaces preTable CM-IV-3, covering
vious Tables CM-IV-2 and CM-IV-4.
for the most recent
total liabilities
by type and country
quarter-end, includes several items not reported separately
prior to December 1978.
The tables in Section V have been extensively revised
collection format outlined
the changes in data
above and the elimination of a monthly form that covered
Spenonbanking enterprises' liquid claims on foreigners.
Table CM-V-1 combines short-term and long-term
cifically,
claims; Table CM-V-2 shows total claims by country and reCurrent Table CMplaces former Tables CM-V-2 and CM-V-7.
total claims by type and country and includes
V-3 shows
reported separately prior to end-year
items that were not
CM-V-5 and CM-V-6 no longer appear.
1978. Tables CM-V-4,
to reflect
Section VI contains data on transactions in all types
long-term domestic and foreign securities by foreigners
as reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series; and nonforeign currency
marketable U.S. Treasury bonds and notes,
series,
which are shown in the "International Financial
Statistics" section, Table IFS-4). The data cover new issues
of securities, transac tions in outstanding issues, and redempin
tions of securities. They include transac tions executed
the United States for the account of foreigners, and transactions executed abroad for the account of reporting instiThe da ta include some
tutions and their domestic customers.
transactions which are classified as direct investments in
payments accounts.
The data exclude securthe balance of
issued abroad by foreign subsidiaries of U.S. corities
porations, some of which are treated in the balance of payments as issues of U.S. corporations.
of
breakdown of the data on securities
The geographical
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
The gross figures contain some offsetting
original issuer.
The net figures for total
transactions between foreigners.
transactions represent transac tions by foreigners with Uni ted
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
Beginning with
between foreigners of different countries.
data for 1969, transactions between foreigners in new issues
not offered for sale to Uni ted States residents but managed by
underwriters in the United States are excluded from the gross
figures.
sections do not cover all
The data published in these
types of reported capital movements between the Uni ted States
The principal exclusions are the
and foreign countries.
intercompany capital transac tions of business enterprises in
with their own branches and subsidiaries
the United States
abroad or with their foreign parent companies, and capital
transactions of the United States Government.
Consolidated
data on all types of international capital transactions are
published by the Department of Commerce in its regular reports
on the United States balance of payments.
Copies of the reporting forms and instructions may be obtained from the Office of International Financial
Reports, Office of the Assistant Secretary for International Affairs, Department of the Treasury,
20220, or from Federal Reserve Banks.
Washington, D.C.
September 1980
103
CAPITAL
Section
I
-
Liabilities
to
MOVEMENTS
Foreigners Reported by Banks in the United States
Table CM-I-1.
-
Total Liabilities by Type of Holder
(In millions of dollars)
Foreign countries
End of
calendar year
or month
Total
liabili-
Payable
In dollars
(1)
1970 1/
1971 3/
.
.
(2)
(3)
(5)
19,880
19,880
148
148
39,823
39,665
38,988 5/
158
165 6/
39,162 5/
Payable
in dollars
Payable
in foreign
currencies
20,028
20,028
.
(6)
Payable
in foreign
currencies
21,164
21,207
221
220
14,267
14,956 5/
14,019
14,708 5/
248
248
1972
40,093
39,922
171
19,629
19,283
346
44,233
44,105
127
7/
23,587
23,117
468
53,196
53,203
53,069
53,076
127 1/
127 7/
38,959
33,860
38,320
38,221
639
639
1975
50,461
50,461
39,982
39,430
552
1976
54,956
54,956
50,764
49,987
777
1977
65,822
65,822
57,985
57,071
914
y
1978
1979^
I97s-July..
Aug.
Sept.
Oc t
Nov...
Dec
.
.
.
.
.
.
1980-Jan...
Feb...
Mar...
Apr
May
June p
.
July
.
p
2
2,333
1,865
90,706
78,077
90,449
78,077
75,817
108,775
73,484
106,910
75,301
75,689
76,545
74.587
70,804
78,077
75,301
75,689
76,545
74,587
70,804
78,077
91,769
113,759
108,210
105,747
112,830
108,775
89,799
111,789
105,831
103,368
110,501
106,910
1,971
1,971
2,379
2,379
2,379
1,865
73,603
72,725
70,023
68,450
74,693
73,603
72,725
70,023
68,450
71,218
74", 693
111,879
121,425
116,418
112,356
112, a76
111,010
110,014
119,560
114,194
110,134
109,854
108,470
1,865 8/
1,865-8/
2,222
2.222 8/
2,222 8/
2,540
76,534
76,334
110,437
107,897
2,540 8/
7I-,2-13
Payable
in dollars
(8)
(7)
21,385
21.427
1973
1974
2/
Banks and other foreigners
Official institutions 1/
ties
International and regional
8/
8/
8/
8/
(9)
Payable
in foreign
currencies
(10)
,.
Treasury Bulletin
104
.CAPITAL MOVEMENTS.
Section
-
1
Liabilities
Table CM-I-2.
to
-
Foreigners Reported by Banks in
-
United States
Payable in Dollars
Total Liabilities by Type,
Part A
the
Foreign Countries
(In millions of dollars)
Other foreigners
Official Institutions 1/
End of
calendar
year
or month
Totel
foreign
countries
Deposits
Demand
(1)
(2)
1970 hi
41,044
41,086
1,652
1,652
1971 hi 51..
53,684
53,706
1,620
1,327
1972 hi
59,205
59,204
1,591
1,591
1973
1974 hi
1975
1976
1977
Time II
bills A
certificates
(3)
(4)
5
(9)
12,376
12,385
1,326
1,354
31,453
31,453
3,998
3,998
4,658
4,658
405
405
8,248
8,231
1,911
1,910
5/
67,222
2,125
3,911
31,511
/'91,389
(
91,297
2,951
2,951
4,257
4,167
34,656
34,656
11,205
11,302
89,891
2,644
3,423
34,199
10,195
7,5 34
1,873
2,297
2,040
104,94!
3,394
2,321
37,725
11,516
9,104
122,893
3,528
1,797
47,820
12,677
10,933
165,100
187,477
182,376
177,954
181,305
184,987
2,850
2,397
3,143
2,374
5,652
4,704
183,617
192,285
184,218
178,584
p.
(8)
2,880
2,880
3,041
July!
(7)
850
320
3,390
1980-Jan
Feb
Mar
Apr. . .
May
June p.
(6)
7,047
3,399 5/
4,704
.
(5)
3,230
3,321
184,987
Dec...
Time II
32,311
32,311
2,504
2,039
1979
.
Other
llabil-
liabilities 2/
Demand
67,159
17,350
11,249
1,453
47,666
22,666
13,257
1,724
2,591
2,308
2,239
1,883
1,972
3,041
49,425
50,146
50,842
49,411
43,921
47,666
20,435
20,837
20,321
20,919
19,259
22,666
11,380
11,788
12,466
10,620
12,879
13,257
1,181
1,474
1,641
1,478
1,506
1,724
183,163
3,725
3,680
3,928
4,734
4,484
5,043
2,309
2,367
2,397
2,392
2,581
2,540
46,864
48,234
42,797
40,527
42,731
45,907
18,705
18,444
20,901
20,797
21,421
21,102
11,820
13,345
13,371
12,681
13,003
14,986
1,278
1,304
1,574
1,498
1,423
1,479
184,431
4,298
2,639
47,785
21,813
12,946
1,476
181, 0?2
2,550
.
Deposits
U.S.
Trees,
bills «.
certificates
2,307
2,307
163,934
.
Dep6sits
Other
13,367
13,367
2,554
2,554
1978
1979-July...
Aug.
Sept..,
Oct
Nov. .
U.S.
Treas.
14
U.S.
To own
foreign
2/ offices 3/
Demand
(10)
(11)
Time
(12)
2^/
Treas.
bills 6,
certificates
(13)
Other
liabilities 2/
(14)
September 1980
105
.CAPITAL MOVEMENTS.
Section
I
-
Liabilities to
Table CM-I-2.
Part B
-
-
Foreigners Reported by Banks in the United States
Total Liabilities by Type, Payable in Dollars— Continued
Nonmonetary International and Regional Organizations
(In millions of dollars)
Treasury Bulletin
106
CAPITAL MOVEMENTSSection
I
-
Liabilities
to
Foreigners Reported by Banks in the United States
Table CM-I-3. - Total Liabilities by Country
(Position at end of period in millions of dollars)
107
September 1980
-CAPITAL MOVEMENTSSection
I
-
Liabilities to
Table CM-I-4.
-
Total
Foreigners Reported by Banks in the United States
Jnly 31, 1980
Liabilities by Type and Country, as of
Preliminary
...
'
'
'
Treasury Bulletin
108
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-U-1.
in the
United States
Total Claims by Type
-
(OLD SERIES)
(In millions of dollars)
Payable in dollars
End of
calendar
Total
claims
year
or month
Total
Official
Other
insti-
foreigners
tutions
(1)
_(2L
JiL
12,278
1968
1969 i/.
12,828
12,930
. .
12,295
12,397
JiL
Payable in foreign currencies
CollecAccepttions
ances
outmade for
standing
account
for
account of of forreporting
eigners
banks and
domestic
(f?)
customerFfV)
Deposits
of
reporijng
banks anfl
domestic
customers
with foreigners
Other
claims
(10)
(9)
other
claims
(11)
(12)
(5)
(6)
6,323
775
1,934
3,614
1,733
2,854
903
466
336
6,087
6,084
764
764
2,155
2,152
3,169
3,169
1,954
2,015
3,169
3,202
1,084
1,096
534
534
352
352
181
181
635
352
283
864
917
549
548
315
369
441
441
445
445
428
669
656
1970
13,877
13,242
5,749
623
1,956
3,170
2,389
3,985
1,118
1971 1/2/.
16,837
16,939
15,Q73
16,022
7,848
7,314
798
2,928 i/
2,395 2/
4,122
4,113
2,475
2,475
4,243
4,254
1,407
1,979
20,425
20,739
19,539
19,853
10,213
10,259
996
1,007
3,405
3,400
5,811
5,852
3,269
3,276
3,204
3,226
2,853
3,092
886
1973
1974
1975
1976
26,719
46,235
59,767
81,135
25,985
44,958
58,307
79,302
13,106
17,777
21,516
28,308
1,444
1,709
1,989
2,885
5,129
8,263
9,202
13,406
6,532
7,805
10,324
12,018
4,307
5,637
5,467
5,756
4,160
11,237
11,147
12,358
4,413
10,307
20,178
32,878
734
1,276
1,458
1,833
1,103
306
607
802
730
1977
92,562
90,205
30,631
2,961
15, .^67
12,302
6,176
14,212
39,187
2,355
941
1,415
80,476
82,033
78,510
80,065
27,065
26,590
2,663
2,662
13,002
12,532
11,401
11,396
6,317
6,417
13,087
13,209
32,041
33,SAS
1,966
1,968
864
June.
834
1,101
1,133
July..
Aug...
Sept.
Oct...
Nov. .
Deo...
81,874
81,085
83,812
86,507
87,357
92,562
80,039
81,869
84,300
85,270
90,205
27,921
27,284
28,997
28,969
28;i83
30,631
2,536
2,759
2,792
2,896
2,889
2,961
13,829
12,967
14,310
13,961
13,665
15,367
31,556
11,558
11,894
12,112
11,629
12,302
6,352
6,200
6,025
6,005
6,045
6,176
13,478
13,610
13,698
13,768
13,462
14,212
32,288
31,877
33,149
35,557
37,580
39,187
1,835
2,114
1,944
2,207
2,086
2,355
794
1,006
818
900
841
941
1,109
1,126
1,307
1,246
1,415
94,246
93,357
98,832
98,197
91,874
91,040
96,449
95,876
29,306
29,346
32,498
32,335
3,037
3,079
3,003
3,311
13,922
14,11?
16,949
16,596
12,346
12,151
12,546
12,428
6,342
6,446
6,765
6,910
13,592
13,689
13,892
13,783
42,634
41,559
43,293
42,847
2,371
2,317
2,383
2,321
940
895
948
1,034
1,432
1,422
1,435
1,288
1972 1/
"77-May...
1978- Jan.
.
Feb.
.
Mar...
Apr. .
Note:
78,<»70
806
Total claims Include claims previously classified as either
"short-tenn" or "long-term" on the Treasury reports filed
by banks
A monthly maturity breakdown was discontinued with new
reports
filed as of April 30, 1978, and the historical series
has been
adjusted accordingly^
(See- Introductory text to Cairttal Movements
Section for discussion of changes in reporting forms and
coverage )
2/
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
1/
Table CM-II-2.
-
Zi
2,
i,oa
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. banks on their foreign branches and those claims
of the U.S. agencies and branches of foreign banks on their head
offices and foreign branches which were previously reported as loans
are included in "Other claims"; and a number of reporting Ijanks are
included In the series .for the first time.
Total Claims by Type
(liEW
SERIES)
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
End of calendar year
or quarter-end month
Total claims
Banks
own claims
(1)
(2)
Claims of
banks
domestic
customers
(3>
Banks
own claims
(5)
_162.
Claims of
banks
domestic
customers
<T>
1978-June..
Sept..
Dec
103,116r
108,448r
130,792r
99,687r
105,048r
126,763r
90,561r
95,973r
115,544r
9,126
9,075
11,219
3,428r
3,400r
4,030r
2,619r
2,954r
3,663r
809
446
367
1979-Mar
June .
Sept..
Dec
124,852r
132,529r
149,632r
156,700r
121,694r
129,396r
146,316r
153,671r
108,524r
115,393r
127,503r
133,723r
13,170
14,003
18,813
19,948
3,157r
3,133r
3,316r
3,030t
2,681r
2,559r
2,700r
2,438r
476
574
616
1980-Mar. p
June p
156,992
177,296
153,125
173,505
130,751
148,389
22,372
25,115
3,868
3,791
2,812
2,994
e:
See introductory text to Capital Movements Section for discussion
of changes in reporting forms and coverage for new quarterly data
filed as of June 30, 1978.
Preliminary
r
Revised.
592
1,056
797
109
September 1980
-CAPITAL MOVEMENTSSection
11
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Total Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Europe
Au stria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark.
Finland
France
Gerrnan Democratic Republic
:
n.a.
328
2,137
4,502
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Sp§in
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
4,080r
88
1,546
67
758
208
n.a.
1,367
379
Cerraany
165
232
164
356
175
n.a.
736
1,327
224
421
241
33
1,715
804
323
411
189
108
l,963r
227
656
385
9,080
413
323
320
Total Europe.
Canada
Latin America and Caribbean :
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles..
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
4,521
4,080t
3,^85
72
1,129
80
2,146
115
1,698
247
119
1,654
270
398
86
1,546
224
421
l,963r
642
300
612
352
l,338r
4,163
7,725r
1,479
2,469
li;792r
232
391
4,665
6,633
680
678
6,698
9,879
1,064
1,070
267
464
346
l,355i
1,662
16
3.429
19,228r
131
6,656
9,719
1,151
1,147
6
130
37
4,922
5.714r
9,376r
229
1,415
962
48
80
2,336
298
277
312
3,125r
928
6,099r
685
3,664r
740
3,887
5,045r
1,352
l,624r
1,724
69
130
12
1,721
550
'
'
55
232
589
10,087
2,341
78
127
132
596
476
30
l/
634
1,769
109
1,804
l,518r
70
196
931
14,014
2,487
61
202
164
726
2_/
Total Africa
Other countries:
Australia.
All other.
511
269
789
1,176
16
22
777
3,508r
6,787r
976
1,896
83
4,444
9,376r
277
6,099r
685
69
130
5,0A5r
65.40ar
14
34
2,201
1,931
106
2,256
1,916
97
192
887
14,016
3,6e4r
64
202
153
713
991
42
914
1,974
60 3
122
25
271
130
186
647
950
164
550
169
617
421
456
2,583
2,365
182
938
16,043
4,019
77
194
195
692
1,175
20
1,067
45
2,161
1,860
116
172
1,059
I8,l81r
3,969r
62
233
269
789
1,178
22
976
,696
204
17
246
52
908
152
707
67
408
130
647
164
550
456
906
874
783
38
202
212
:
56
10
Total international
and regional
13n,792r
410
122
25
271
2,365
2
International and cesional
International
European regional
Latin American regional..
Asian regional
African regional
Middle Eastern regional..
129
18
244
1,106
92,562
162
55
1,724
Total foreign countries.
Grand total.
52
47
78
4,126
16
l,107r
33.l94r
921
187
Total other countries.
'8,836r
332
4,583r
743
140
233
108
,070
180
Sou th Af r ica
Zaire
1,059
18,l81r
3,969r
62
233
3
1,-19
19,536
Egypt
Ghana
Liberia
Morocco
45
2,161
1,860
116
172
4,678r
I9,062r
478
8,216t
10,170
1,499t
1,662
1,037
132.529r
274
447
1,848
696
286
747
259
133
1,094
698
1,567
162
22,809
459
687
41,404r
3,528
19,436r
177
7,839
9,795
1,387
1,313
13
228
246
209
8,152r
7
l,l07r
162
129
1,223
635
l.33er
188
24,068r
358
681
8,534
119
45
2
773
114
48
59
67
40,55lr
995
10
519
n.a.
n.a.
55
21,628
413
678
262
32,477r
4,678r
19,062r
473
8,216r
10,170
l,499r
82
1,297
505
l,498r
194
218
16,'573r
40 b
613
218
358
44 5
147
31,l76t
l,907r
772
59,959r
Total Asia.
Oil-exporting countries
Other Africa
4,284
287
Total Latin America and
Caribbean
Asia :
China:
Mainland.
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Tha 1 land
Oil-exporting countries
Other Asia
77
23
l.lSOr
24,068r
84
12
165
232
394
1,977
65
189
262
232
388
187
102
188
365
18,929
1"(,919
'
l,679r
14,l43r
438
l,555r
13
610
642
300
612
352
129
1,223
635
2,033r
166
227
69
63
10
270
ITi
174
.a.
l,964r
,555r
298
222
167
298
163
l,571r
6,755
5
no
Treasury Bulletin
-CAPITAL MOVEMENTSSection
Table
CM-IW.
-
II
-
Claims on Foreigners Reported by Banks
in the
United States
Total Claims on Foreigners by Type and Country Reported by Banks in the U.S. as of
Jnna SO, 1980
September 1980
111
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Banks' Own Claims, by Type
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
Memorandum claims items
Claims on unaffiliated foreigners
Claims
on own
foreign
offices
Remaining maturity
End of
calendar year
or quarter-end
month
Total
reporting
banks'
own
One year or less
On unaffiliated
foreign banks
Deposits
Over one year
Other
On foreign On all
claims
public
borrowers
_UL
On fore grDin all
other
public
other
foreigner. borrowers foreigners
-^L
On all
Customer
other
liabilforeigners ity on
cceptances
(12)
(13)
(14)
1978-June
Sept
Dec.
^s.iaor
98,927r
119,206r
55,909r
60,105r
73,773r
3,134r
3,711
4,583
41,43lT
43,528r
53,898r
3,249r
4,245r
5,361r
8,094r
8,620r
9,930r
34,652r
35,868r
41,771r
5,321r
4,692r
5,480r
25,102r
27,106r
35,058r
19,338r
20,388r
23,176r
11,844
12,723
14,969r
2,619r
2,954r
3,663r
l,092r
l,385r
l,798r
l,528r
l,568r
l,864r
1979-Mar.
June
Sept
Dec.
lll,205r
117,952r
130,203r
136,161r
71,638r
77,738r
87,571r
86,209r
4,627
4,604
6,062r
7,033r
50,832r
55,465r
62,329r
58,162r
5,948r
6,433r
7,652r
8,103r
10,231r
ll,236r
ll,529r
12,911r
35,889r
37,655r
39,932r
47,513r
6,161r
7,071r
7,181r
6,253r
31,211r
38,928r
34,762r
23,454r
25,098r
27,678r
30,007r
14,148r
16,914r
19,827r
18,044r
2,681r
2,559r
2,700r
2,438r
200r
l,371r
l,356r
l,032r
l,481r
l,189r
l,344r
l,406r
1980-Mar.
June
133,565
151,383
85,265
92,145
6,843
6,913
57,058
63,859
8,419
8,536
12,945
12,838
45,488
56,244
5,479
6,518
34,213
37,102
30,407
32,994
20,095
22,134
2,812
2,994
1,212
1,048
1,600
1,946
_aL
P
r
Preliminary,
Revised.
S2}
.01..
JJX.
,
.(_6.)_
34,4<)7r
(10)
(11)
Deposits
I
,
112
Treasury Bulletin
-CAPITAL MOVEMENTSSection II
Table CM-II-6.
-
Claims on Foreigners Reported by Banks in the United States
Banks' Own Claims by Type and Country, Payable in Dollars,
July 31, 1980 Preliminary
millions of dollars)
Country
of
September 1980
113
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-7.
-
in the
United States
Domestic Customers' Claims by Type
_ (Position in mi^
,
End of calendar
year or qu4iteEend month
Payable in dollars
Total
claims of
banks'
domestic
customers
Deposits
(I)
(I)
1978- lune
Sept
Dec
9,936
9,521
11,586
1979-Mar
June
Sept
Dee
13,647
14,577
19,429
20,540
1980-Mar. p...
Jijne
p
p...
Preliminary
23,427
25,913
q
(3)
Negotiable
and readily
transferable
instruments
(A)
Payable in foreign currencies
Collections
and
other
(5)
Total
(6)
Deposits
(7)
Other
(8)
Treasury Bulletin
114
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-1. - Dollar Liabilities to, and Dollar Claims on,
Foreigners in Countries and Areas Not Regularly Reported Separately
September 1980
113
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-2
-
Dollar Claims on
Nonbank Foreigners
(Position at end of period in millions of dollars)
Treasury Bulletin
116
CAPITAL MOVEMENTS
Section IV - Liabilities to Foreigners Reported by Nonbanking' Business Enterprises in the United States
Table CM-IV-1. - Total Liabilities by Type
111
September 1980
-CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
Reported by Nonbanking Business Enterprises
Table CM-IV-2.
{P.isltion
e.t
-
in
the United States
Total Liabilities by Country
end of period in
ffii
llions of
dolU
'
Calendar year
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
GermaQy
Greece
i95
n.a.
276
5
5
487
259
645
154
631
17
539
n.a.
200
421
Hiragary
Italy
Netherlands
Norvay
Poland
Portugal
Romania
Sp^in
Sweden
Swi tzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
39
37
489
355
635
173
518
246
264
1.061
143
726
l,U6
35
26
15
13
26
83
60
60
656
170
137
550
159
99
499
25
109
,6J7
1,956
171
100
573
222
117
674
101
226
lOl
538
^78
236
.51'.
35
107
90
18
Total Europe
Canada.
Latin America and Caribbear
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles 2/.
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Car ibbean
125
46
ii51
454
51i.
n.a.
106
n.a.
211
lit
18
153
85
243
287
104
507
120
183
306
17
115
82
431.
416
85
200
215
23
141
221
103
441
153
250
713
535
17
3
15
100
325
207
381
53
53
17
15
352
337
372
353
116
21
39
25
27
343
129
378
403
165
30
250
28
281
129
Total Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
>
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other Asia
191
141
136
34
1,206
999
674
10
119
1.204
114
1.300
75
i
2
n.a.
n.a.
100
223
117
231
39
133
255
84
26
177
221
133
171
59
V
1,145
1.511
10
3,779
Total Asia.
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries ^/
Other Africa
n.a.
112
20
10
100
107
412
313
60
320
52
i84
69
7i.8
Total Africa
Other countries
Australia
All other.. ..
—
.
Total other countries.
14,290
Total foreign countries....
International and reRJonal
Internati al.
European regional
Latin American regional.
Asian regional
African regional
Middle Eastern regional.
:
Total international
and regional
Grand total.
DaC* in two columns shown for thi^ d^rp differ beraiiie uf changes in
Figures in the ficsi tolumn
1 t-ompacdble in
repotting ijoverdge.
coverage to those shown for the preceding date; figures in the second
(See
column are comparable to chose shown for the ful lowing date.
introductory text to Capital Movements Section for explanation of
changes in reporting.
<i
1
il
7/
~
4/
*
Ihcuugh December 31, 1475, Suriname included with Netherlands Antilles.
Includes Bahrain, jran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
n.a.
Not available.
p
Less than $500,000.
Treasury Bulletin
118
CAPITAL MOVEMENTSSection IV
-
Table
Liabilities to Foreigners
CM -rV-3.
-
Reported by Nonbanking Business Enterprises
Total Liabilities by Type and Country as of
March
31,
in the
1980
United States
Preliminary
September 1980
119
CAPITAL MOVEMENTS
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-1.
-
Total Claims by Type
(In millions of dollars)
in
the United States
120
Treasury Bulletin
CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-2.
-
Total Claims by Country
in the
United States
September 1980
121
-CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-3.
Total Claims by Type and Country as of
-
March
in the
1980
31,
United States
Preliminary
(Position in millions of dollars)
Commercial claims
Financial cla
Country
Total
financial
claims
Total
claims
Total
(3)
Deposits
(4)
Other
Total
Deposits
(7)
(5)
Europe :
Austria
Belgium- Luxembourg
Bulgaria
Czechoslovakia.
Other
Total
commercial
claims
(8)
C)
Denominated in
foreign currencies
Denominiited
in dollars
Other
(11)
10
2
Demark
Finland
France
German Democratic Republic
Germany.
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain.
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
60
116
993
290
11
2
2
1
809
296
184
172
75
8
592
384
66
33
98
6
6
561
345
25
22
33
15
4,163
447
35
32
3
,702
160
69
4,400
5,827
2,067
1,115
1,553
211
3,355
169
783
2,603
170
2,591
113
124
2,510
113
3,257
68
68
15
2
2
2,509
161
10
93
60
82
993
55
25
585
463
46
70
46
125
349
12
159
10.361
7,213
50
206
115
83
301
337
1,447
342
223
205
104
223
180
103
3
143
219
37
103
23
46
26
33
742
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
328
*
3,183
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
476
66
29
29
Canada
Total Latin America and
Caribbean
24
2
360
186
437
Total Europe
Latin America and Caribbean :
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
...
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
38
3,346
:
3
2
142
20
107
143
Total Africa
Other countries :
Australia
All other
12
170
13
51
Total other countries
Total foreign countries
12,496
International and realonal :
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional...
Total International
and regional
Grand total
*
Less than $500,000.
31,617
4,093
2,324
548
324
p
.
Treasury Bulletin
122
.CAPITAL MOVEMENTS.
Transactions 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 VI
Table CM-VI-1. -
negative figures indicate net sales by foreigners or
(In millions of dollars;
a net
outflow of capital from the United States)
Corporate and other securities
Marketable Treasury bonds and notes
U.S. Gov't corporations and
Federally-sponsored agencies
Bonds 1/
Net foreign purchases
Calendar year
or month
Foreign countries
Official Other
foreigninstitutions ers
(1)
1970
1971
1972
1973
1974
1975
1976
1977
-41
1,672
3,116
305
-472
1,995
8,096
1,661
3,281
465
-642
1,612
5,117
20,377
3,729
1,776
1980- Jan-July
p.
1979-July...
Aug ....
Sept...
Oct....
Nov. . .
4,702
2,813
2,348
1,497
584
681
632
1,110
527
Dec...
-25
130
5
-165
69
203
277
753
598
101
180
566
-1,037
49
-76
-10
89
107
547
52
56
386
1,717
July p.
692
762
483
-264
-103
-67r
57
2,702
1,713
376
310
•728
1,042
511
91
371
-207
-906
-717
1,757
1/
123
-119
-22
2,914
1980- Jan. . .
Feb. . .
Mar
Apr ...
May. . .
June p.
1,359
(4)
(3)
(2)
56
12,843
1978
1979
Gross
Interforeign
nationa purchases
and
regional
253
41
80
-37r
92
104
A^
Gross
foreign
Net
sales
foreign
purchase
(ft)
Gross
Gross
foreign
foreign
purchases sales
V)
(8)
Gross
foreign
purchase
Gross
(10)
(11)
(12)
(13)
956
703
1,881
1,961
1,039
766
1,202
1,467
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,442
1,543
2,263
2,842
3,867
7,582
4,642
4,327
1,975
626
731
2,188
2,790
540
4,678
2,753
2,675
3,459
3,316
2,428
2,607
Net
foreign
purchase
(9)
691
634
2,414
4,358
2,738
3,382
8,898
25,610
39,818
32,354
41,058
1,043
2,433
3,854
6,903
17,514
16,974
27,651
38,244
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
1,263
541
n.a
n.a
4,297
4,516
5,509
1,585
3,253
4,969
1,031
709
27,539
25,192
1,587
6,152
4,565
1,673
247
95
90
190
649
504
233
620
549
365
402
409
143
430
654
350
-24
-44
838
598
1,025
932
846
868
444
619
886
838
825
472
66
539
435
866
1,046
564
315
649
742-
407
149
600
486
-180
-73
5,046
4,800
2,611
5,270
3,269
4,656
3,549
4,216.
1,930
4,638
4,379
4,129
623
594
-185
-802
-1,195
-63
3,789
3,498
3,736
2,430
2,435
7,483
2,429
3,127
3,944
3,337
3,152
5,726
-104
4,168
3,477
n.a
n.a
-105
15
500
154
406
46
-43
43
Data include transactions in issues of states and municipalities.
Through December 1976, data also included transactions in issues
of U.S. Government coroorations and Federally-sponsored agencies.
p
a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
337
71
-10
-83
402
101
186
-7
foreigr
sales
Net
foreign
purchases
Gross
foreign
purchases
(14)
(15)
2,423
1,627
8,301
10,894
12,173
9,978
7,096
10,678
15,475
11,479
17,723
21,017
1,859
2,865
19,887
17,022
220
226
215
204
176
598
244
269
145
214
259
196
-5
159
1,769
2,383
2,074
311
210
150
219
250
368
326
337
212
722
51
22
,2,408
187
173
1,883
2,376
1,774
2,224
2,023
2,386
1,696
2,202
689
1,121
344
266
-17
160
3,128
4,477
2,724
1,985
1,940
2,550
2,439
3,355
2,380
1,719
i;958
2,390
302
3,083
2,781
•
Preliminary,
Not available.
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Net
foreign
purchases
of foreign
securities
(1)
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
-915
-984
-622
-818
-2,034
-6,526
-9,097
-5,506
-3,524
-4,756
Foreign bonds
Net
foreign
purchases
(2)
Gross
foreign
purchases
(3)
1,490
1,687
1,901
1,474
1,036
2,383
4,932
8,040
11,045
12,375
2,441
2,621
2,932
2,467
3,254
8,720
13,706
13,136
15,096
16,345
10,326
-1,791
-610
9,716
1979-July
Aug
Sept
Oct
Nov
Dec
-385
-689
-1,063
985
-282
-427
-451
-381
-572
-725
-84
-343
-320
-281
-499
-48
-74
Feb
Mar
Apr
May
June
July.
,
,
,
15
-52
-491
-781
(4)
-951
-935
-1,031
-993
-2,218
-6,338
-8,774
-5,096
-4,051
-3,970
1980-Jan-July p
IMO-Jan
Gross
foreign
sales
17
-12
-251
-618
sales
8,927
11,626
14,361
12,767
7,636
15,355
18,227
14,154
20,145
22,643
Table CM-VI-2. Foreign Purchases and Sales of Long-Term Foreign Securities by Tyj)e
Calendar year
or month
Gross
foreign
September 1980
123
CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Table
CM
(In
VI-3.
-
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
nillions of dollars; negative figjres indicate net sales by foreigners or
a
net outflow of capital
from the Uniti
;d
States)
Treasury Bulletin
124
-CAPITAL MOVEMENTS-
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
.
.
September 1980
123
MOVEMENTS-
-CAPITAL
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
Section VI
-
(In millions of dollars; negative figure^?
indic.ite net sales by foreigners or a net outflow of capital
from the United States)
19S0
through
Jul. p
Europe :
Austria
Belgium- Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Sp^in
Sweden
Jun. p
1
-8
99
157
-82
89
7
-25
-118
*
28
Swi t2er land
-202
Turkey
Uni ted Kingdom
-10
Slit
110
U.S.S.R
Yugoslavia
Other Europe
Total Europe
Canada
Latin America and Caribbean :
Argent ina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Anti lies
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
•
-
^0
3
59
2
.
.
2
17
Total Latin America
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Ph i
1i
pp i ne s
5
Singapore
121
Syr ia
Thailand
Oil-exporting countries
Other Asia
_!/
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries 2/.
Other Africa
:
Total Africa
Other countries :
Australia
All other
Total other countries.
Total foreign countries.
International and regional
International
European regional
Latin American regional....
Asian regional
African regional
Middle Eastern regional....
:
-108
73
-5
-17
Total international
and regional
Grand total.
1,250
ludes. K.hr.iin.
Kuwait, Oman.
the United Arab Emirates (Trucial States).
In.
Iran,
lra(),
Q..
Sau-li
Arain
and Niterij
Pit
1
tmmary
Less than $500,000.
available.
Jul. p
,
Treasury Bulletin
126
CAPITAL MOVEMENTS-
- Trtniactionfl in Long-Tarm Securities by Foreignere
Reported by Banks and Brokers in the United States
Table CM-VI-6. - Net Foreign Transactions in Domestic Stocks by Country
Btction VI
(In millions of dollars; negative figures indicate net sales
Calendar year
Europe
Austria
Belgium- Luxembourg
Bulgaria
Czechoslovakia
Denma r k
Finland
Franc e
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Roman i a
Sp^in
Sweden
Switzerland
Turkey
Uni ted Kingdom
U.S.S.R
Yugoslavia
Other Europe
:
Total Europe
Canada
Latin America and Caribbean;
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles.,,.
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean. .
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel,
Japan
Korea
Lebanon
,
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other. Asi
_!/.
Total Asia.
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries
Other Africa
_2/.
Total Africa.
Other countries
Australia
All Other
Total other countries
Total foreign countries
International and regional :
International
European regional
Latin American regional...
Asian regional
African regional
Middle Eastern regional...
Total international
and regional
Grand total.
-79
n.a.
n.a.
i*0
n.a.
291
-5
n.a.
-15
22
47
3
620
-14
-22
-5
-7
-16
152
-585
by
toreigners or
a
rmt outfluw uf Lapital
t
ru m
llie
Im ted
127
September 1980
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners Reported
by Banks and Brokers in the United States
Table CM-VI-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
(In millions of dollars; negative figures indicate net sales by foreigners or
a
net outflow of capital
f
the United States)
Treasury Bulletin
128
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banlcs and Brokers in the United States
Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country
illions of dolla
indicate net sales by foreigners or
a
net outflow of capital from the United States)
September 1980
129
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During July 1980 Preliminary
(In millions of dollars)
Treasury Bulletin
130
-CAPITAL MOVEMENTSSectioD VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1979
September 1980
131
FOREIGN CU RRENCY POSITIONS.
Background
Data have been collected
currency
positions
United States,
owned
since
of banks and
1974
on
nonbanking
foreign
the
firms
in
the
and on those of foreign branches, majority-
foreign
partnerships,
and
majority-owned
foreign
subsidiaries of United States banks and nonbanking firms.
"Majority-owned
one
more
or
institutions
indirectly,
"Majority-owned
corporations
pursuant
required
Title
to
Public
of
II
Law
21,
93-110,
the
own more
Reports cover nine major foreign exchange market currencies
amend ement to the Par Value Modification Act,
partnerships"
nonbanking
in
and United States dollars held abroad.
Reporting has been
foreign
are
those
organized under the laws of a foreign country in which
concerns
United
or
States,
nonprofit
directly
foreign
subsidiaries"
are
foreign
which one or more nonbanking business
in
an
concerns or nonprofit institutions located in the United
of September
States directly or indirectly own stock with more than
1973, and implementing Treasury regulations.
Statistics
50
percent of the total combined voting power of all
on the positions will be published monthly in the Treasury
classes
Bulletin
percent of the total value of all classes of stock.
beginning with data for December 1975.
,
report
The
forms
and
instructions
or
than 50 percent profit interest.
used
the
in
stock
of
entitled
vote,
to
or
more
than
50
Reporting Threshold
collection of bank data were revised effective with reports
as of November
October 31,
for the weekly reports,
1978,
1,
and as of
1978 (the last business day of the month),
the monthly reports.
foreign currency
The most recent revision of the nonbank
forms
(see below) became effective as of
the last business day of September 1978.
on the forms,
for
Among the changes
the Belgian franc was deleted as a reporting
currency.
The exemption level applicable to banks and banking
institutions is $10 million equivalent.
level
applicable
nonbanking
to
The exemption
business
concerns
and
nonprofit institutions was $1 million equivalent on all
nonbank forms from March 1975 through November 1976.
was
raised
to
million
$2
equivalent
on
the
It
monthly
reports of positions held in the United States.
From
November 1976 through September 1978 the exemption level
was raised to $3 million on foreign subsidiary positions
Common Definitions and Concepts
on June 31,
1977 and
for positions held
in the United
States on September 30, 1978.
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
American Samoa,
Rico,
the
Zone,
Canal
Virgin Islands, and Wake Island.
locations
other
than
the
Midway
Island,
the
The term "foreign" means
"United
States",
The
term
"worldwide" is used to describe the sum of "United States"
and "foreign" data.
Data for the United States include amounts reported by
United States including the U.S. branches and subsidiaries
of foreign nonbanking concerns,
and
positions",
in the case of "nonbanking
agencies,
the
branches,
and
subsidiaries located in the United States of foreign banks
and
banking
institutions,
in
the
case
monthly "bank positions",
Data for "foreign branches"
amounts
reported
partnerships
and
by
of
do
the
subsidiaries
positions of
weekly and
include
majority-owned
branches,
the
majority-owned
reflect
not
the
"abroad"
and
States banking and nonbanking concerns.
data
The
accounts.
data
are
these
foreign parents
data
include
the
currency
foreign
of
assets,
liabilities,
exchange
contracts
bought and sold, or the net position in the currency.
In
in
on
the
basis
of time
United States
the
branch
and
subsidiary.
or
branches,
separately
majority-owned
foreign
each
foreign
their
foreign
to
reports
In
on
partnerships
and
majority-owned foreign subsidiaries, United States banks
and nonbanks are required
dollar
-
denominated
to report the United States
liabilities,
assets,
contracts bought and sold,
exchange
and net positions of those
branches, partnerships, and subsidiaries with reportable
positions in the specified foreign currencies.
Description of Statistics
or
foreign
liabilities, and foreign exchange contract
reported
entire
United
of
In general,
subsidiaries of a few foreign-owned U.S. based corporations.
Assets,
their
United States dollar equivalent value is reached in any
category
foreign parents' subsidiaries located abroad except through
intercompany
report
must
general, exemption levels are applied to the entire firm
sole proprietorships, partnerships, and corporations in the
firms'
Firms
position in a specified foreign currency if a specified
remaining to
forms
foreign currency
Data
collected
on
the
Treasury
are
published
in
the
Treasury Bulletin in nine
sections.
The
first
section
presents
summary
a
of
worldwide
net
reported.
Sections II through VIII each present data on
positions
all
in
of
currencies
the
maturity as of the date of the report, regardless of the
a
original maturity of the instrument involved.
United States dollar positions of the foreign branches
means due for receipt or delivery within
days
from the date of the report.
maturing in
1
2
"Spot"
business
"Short-term" means
year or less from the date of the report.
Section IX
Specified foreign currency.
and
subsidiaries
required
to
of
report
foreign currencies.
United
in
one
States
or
more
presents the
firms
of
the
which
are
specified
Treasury Bulletin
132
FOREIGN CURRENCY POSITIONS
Section
I
-
Summary
Positions
Table FCP-I-1. - Nonbanking
(In millions of foreign currency units)
Report
Date
September 1980
133
.FOREIGN CURRENCY POSITIONS.
Section
II
-
Table FCP-II-1.
Canadian Dollar Positions
-
Nonbanking Firms' Positions
1/
Treasury Bulletin
134
.FOREIGN CURRENCY POSITIONS.
Section
II
-
Canadian Dollar Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions
(In millions of Canadian dollars)
II'
September 1980
135
.FOREIGN CURRENCY POSITIONS.
Section III
Table FCP-III-1.
French Franc Positions
Nonbanking Firms' Positions
(In millions of French francs)
1'
136
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section III - French Franc Positions
Table FCP-III-3. - Consolidated Monthly Bank Positions
is/
September 1980
137
.FOREIGN CURRENCY POSITIONS.
German Mark Positions
Section IV
Table FCP-IV-1.
(I.,
Position
at end
of month
Dec.
Nonbanking Firms
i.iillio..
o.
Marks)
Positions
138
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section IV -
Table FCP-IV-3.
German Mark
- Consolidated
Positions
Monthly Bank Positions
September 1980
139
.FOREIGN CURRENCY POSITIONS.
Section V
Italian
Table FCP-V-1.
Positions
Nonbanking Firms' Positions
(III
Po
Lira
iTiillions
of
lire)
1/
Treasury Bulletin
140
.FOREIGN CURRENCY POSITIONS.
Section VI
Table FCP-VI-1.
-
-
Japanese Yen Positions
Nonbanking Firms' Positions
(In millions of yen)
Po
September 1980
141
.FOREIGN CURRENCY POSITIONS,
Section VI - Japanese
Yen Positions
Table FCP-VI-3. - Consolidated Monthly Bank Positions
W
142
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VII-1.
Swiss Franc Positions
Nonbanking Firms' Positions
September 1980
143
.FOREIGN CURRENCY POSITIONS.
Section VII - Swiss Franc Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions
_i«/
144
Position
at end
of month
Nov.
Dec.
Treasury Bulletin
September 1980
145
.FOREIGN CURRENCY POSITIONS.
Section VIII - Sterling Positions
Table FCP-VIII-3. - Consolidated Monthly Bank Positions
is,
146
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section IX - United States Dollar Positions Abroad
Table FCP-IX-1. - Nonbanking Firms' Foreign Subsidiaries
(In millions of United States dollars)
Position
Positions
September 1980
147
.FOREIGN CURRENCY POSITIONS.
Section IX - United states Dollar Positions Abroad
Table FCP-IX-3. - Monthly Bank Foreign Office Positions
w
,
Treasury Bulletin
148
FOREIGN CURRENCY POSITIONS.
Footnotes
\f
Worldwide net positions on the last business day of the
^/
All current assets other than liquid assets and short-
calendar quarter of nonbanking business concerns in the
term trade receivables, and financial assets maturing in
United States and their foreign branches and majority-
more
partner^ips
owned
subsidiaries.
and
before maturity,
and stocks,
parent companies'
U.S.
(plant
assets
equipment)
and
from
the
report
inventories,
date
.
Includes
prepayments,
long-
long-term Intracompany claims
and other securities.
equipment)
and
parents'
majority-owned foreign subsidiaries
capitalized
and
bonds,
and
(plant
investment in their majority-owned foreign subsidiaries,
fixed
year
one
term trade receivables ,
receivables and installment paper which have been sold
or discounted
than
intracompany accounts,
Excludes
Fixed assets
investment
in
are excluded.
leases for plant and equipment.
IJ
2/
branches
Foreign
partnerships
majority-owned
and
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay-
and
ables;
subsidiaries only.
Intracompany liabilities, accrued expenses, and
liabilities maturing
V
Weekly
institutions
of
the United States,
in
majority-owned
and
branches
positions
net
worldwide
and
banking
report date.
their
foreign
excluded.
banks
and
foreign
more
than one
year
from
the
subsidiaries.
8/
Excludes capital assets and liabilities.
Outstanding amounts of foreign exchange which have been
contracted
^/
in
Capitalized plant and equipment leases are
Monthly worldwide net positions including capital assets
to
be
received or delivered in the future.
Excludes spot excheuige.
Foreign branches and majority-owned subsidiaries only.
9/
Columns (1),(3),(5), and (7)
less columns (2),(^),(6),
and (8).
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
10 /
rates
Representative
on
the
report
date.
Canadian
their foreign branches and majority-owned subsidiaries.
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
Foreign branches and majority-owned subsidiaries only.
foreign units per U.S. dollar.
SECTIONS II THROUGH IX
1 1/
Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
1./
section
Positions of nonbanking business concerns in the United
In
States and
sidiaries only.
foreign
their
branches
partnerships and subsidiaries.
and
majority-owned
In section^X
positions
X,
foreign branches and majority-owned sub-
12/
Excludes capital assets and liabilities.
13 /
Includes both spot and forward exchange contracts.
14 /
Sum of columns (3) and
(8).
15/
Sum of columns (4) and
(9).
16 /
Sum of columns (5) and (10),
17/
See footnote 10.
18/
See footnote 11.
19/
Fixed-rate loans are reported by time remaining to final
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Includes unsettled spot foreign exchVige purchase contracts,
well
as
currency,
as
deposits, negotiable and
other
readily
financial instruments maturing in
the report date,
other
parties
accounts
demand
1
and
time
transferable
year or less from
and intracompany claims and loans to
repayable
receivable,
on
and
demand.
unaccepted
Other
trade
loans,
drafts
are
excluded.
3/
Includes
unsettled
contracts,
spot
intracompany
foreign
liabilities,
exchange
other than
trade payables, short-term borrowings due in
less
sales
maturity or the nearest call date, whichever is earlier,
short-term
and floating-rate loans by time remaining to the nearest
1
year or
interest-fixing date.
from the report date, and the current portion of
long-term
debt.
Other
loans,
accrued
expenses
and
20 /
k/
Due in
year or less; includes intracompany trade
1
receivables.
Receivables and installment paper sold or
discounted before maturity are excluded.
Due
in
payables.
1
year or
less;
includes intracompany trade
Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
accounts payable are excluded.
21/
Sum of columns (3) and (6).
r
n.a.
Revised.
Not available.
September 1980
_^^___^^___
149
FINANCIAL OPERATIONS OF
Section II
Table GA-II-1.
-
GOVERNMENT AGENCIES AND FUNDS
FederaJ Credit Programs
-
Direct Sales and Repurchases of Loans
-iiii
Export- Import
Bank of the
United States
Fiscal year
or month
842
305
,115
,548
,045
,257
,390
,829
,666
,759
,895
,544
.848
1,141
1,559
1,281
422
2,121
3,399
2,055
1979-July
Aug.
Sept
510
180
135
522
512
520
Oct.
Nov.
Dec.
090
508
512
T.Q
1977
1978
1979
,
1980-Jan.
675
Feb..
,313
Mar.
Apr.
May.
June
,345
,849
July
*
780
102
Less than $500,000.
490
781
330
Farmers Home
Administration
Repurchases
Repurchases
1970
1971
1972
1973
1974
1975
1976
ILlions of dollars)
406
269
248
145
Government
National Mortgage
Association
Repurchases
261
4
187
20
21
21
2
160
104
3
1,668
2,005
2,430
3,324
2,172
6,415
4,24 7
1,070
5,445
9,407
10,375
1,605
1,180
1,135
1,090
569
287
574
284
1,105
1,524
1,148
414
2,083
3,355
2.026
521
510
518
506
512
20
21
780
100
773
511
673
920
528
503
508
1,345
1,849
1,490
502
506
1,470
511
6
511
Housing and Urban
Development Dept,
Repurchases
2,300
1,501
1,232
6,963
1, 5'^2
2,118
938
1,473
445
Repur
chase
38
12
244
368
12
19
25
488
209
163
294
96
333
30
32
29
43
28
1
1
2
2
393
5
Repurchases
2
509
5
Veterans
Administration
1
771
52
Small Business
Administration
.
Treasury Bulletin
150
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
Direct and Guaranteed Loans Outstanding
-
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans - Continued
Health and Human Services Department:
Public Health Service:
Health maintenance organization, loan
guarantee and loan fund
Medical facilities guarantee and loan fund.
Health teaching facilities construction:
Guaranteed loans
Community facilities
Construction of hospitals and other
medical facilities
Health professions education fund
Nurse training fund
Other student loan program
Total Health and Human Services Department.
Housing and Urban Development Department:
Housing programs:
Federal Housing Administration:
Revolving fund:
Property improvement loans
Purchase money mortgages
Mortgage insurance loans
Total Federal Housing Administration
revolving fund
Housing for the elderly or handicapped
26/.
.
Low - rent public housing:
Loans to States, territories, etc.
Purchase money mortgages
Nonprofit sponsor assistance 26/
Community disposal operations fund.
Liquidating programs
.
Total housing programs.
Government National Mortgage Association
Special assistance functions 26/
Management and liquidating functions 26/ ••
Emergency mortgage purchase assistance 26^/.
Guarantees of mortgage - backed
securities fund 26/
.
Total Government National Mortgage Association.
Community planning and development:
Rehabilitation loan fund 26/
Urban renewal programs
New communities guarantee fund 26/
Total Housing and Urban Development Department.
Interior Department:
Bureau of Water and Power Resources Service 26 /
Irrigation distribution systems
Small reclamation projects
Drought emergency assistance
Bureau of Indian Affairs
Revolving fund for loans: 26/
Cooperative associations.
Corporations and tribes....
Credit associations
Expert assistance
Individual Indians
.
Total revolving fund for loans.
Loan guaranty and Insurance fund
Liquidation of Hoonah Housing Project.
Total Bureau of Indian Affairs.
22,045
U8
50.435
15,995
5,101
573,765
701
Total Public Health Service.
Social Security Administration:
Assistance to refugees in the U.S.
.
3^4,290
Maximum
authority
l_/
June
30,
1980
-Continued
September 1980
131
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
1980 -Continued
Direct and Guaranteed Loans Outstanding
(In thousands of dollars)
Direct loans or credit
Guarantees and insurance
Agency and progra
Amount
outstanding
Maximum
authority
1
Amount
outstanding
Maximum
authority
Government
2/ fee or premium
Interest
range
(Percent) 3/
Maturity
range
(Years) 3/
Il-Wholly owned Government enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance:
Bilateral assistance:
Agency for International Development;
Development loan fund liquidation account.
Private enterprises ^9 /
Common defense, and triangular trade loans..
Productive credit guaranty loans
All other loans
.
23^,^27
37,229
967,211
234,427
37,229
968,740
471,961
471,961
0—8
0—12
4.3 30
Total funds appropriated to the President 26/.
Treasury Department:
Lend-Lease and surplus property
5--40
1-1/2—58-1/2
3/4--7-1/4
20,000
1/47,
10-40
10-13
1/2--6-1/2
1
— 10
2—40
4,3 30
2^/
0--2-3/8
International Communications Agency
At request of
rhe U.S.
1,53 3
Total Part II
ITI-Privately owned Government-sponsored enterprises
Farm Credit System:
Banks for cooperatives
Cooperative associations
Federal intermediate credit banks
Production credit associations
Federal land banks:
Mortgage loans
Total Farm Credit System
10--17.40
1--20
11.7--14.4
1--7
35,579,141
3S, 579, 141
9.75—13.75
47,275,007 60/47,275,007
,
Student Loan Marketing Association
V
5--40
,
7-1/2--9-1/2
Up to 10
7-1/8--1A.061
27
51,445,708
53,878,839
53,878,339
905,773
905,773
4-1/2--10
826,062
7.70--9.87'^
20--4O
Up to 23
I'D, 107, 485
Source:
Bureau of Government Financial Operations, Based on quarterly
reports received from agencies pursuant to Treasury Circular No, 966,
Revised.
If the maximum authority is indefinite an amount equal to the loans
_1/
outstanding is shown in this column. Certain amounts have been noted
Authority for
to indicate factors affecting the indefinite amounts.
credit sales of realty and loans in liquidation is stated in amounts
equal to the amounts outstanding,
If the maximum is indefinite an amount equal to the guarantees and
2_/
insurance outstanding is shown in this column. Certain amounts have
been noted to indicate factors af f ec ting the indef ini te authori ty,
Figures shown in this column are applicable to both di rec t loans or
3/
credit outstanding, and guarantees and insurance outstanding if
amounts are shown under both headings; otherwise they are applicable
to the amounts under the heading shown,
Administrative-rates are from 37. to 97. on direct loans; various
rates on guaranteed loans. No statutory provisions.
Represents loans made in foreign currency, repayable in U.S. dollars,
5/
b/
Statutory limit fr>r public debt borrowings is $20,000,000 thousand,
of which $14,337,926 thousand was in use as of June 30, 1980.
Loans made and not disposed of shall not exceed .?3U0,UuU thousand at
]_/
any time. There is no limit on loans acquired.
Administrative - differences, if any, between interest rate to bor8^/
rower and interest rate to lepder:
statutory - borrower shall pay
such fees and other charges as the Secretary may require.
Statutory - determined by the Secretary of the Treasury taking into
consideration the current average market yield on U,S, marketable
obligations outstanding with remaining periodj> of maturity comparable
to average maturities of the loans.
Admin i strative - not to exceed 7 years; however, last installment
l(y'
may be refinanced for 7 years; statutory - may not exceed 7 years,
but may be renewed for not more than 7 years.
11 /
There is no limit on emergency loans that may be made.
V
6J_/
4,170,701 62/ 4,170,701
Federal National Mortgage Association
Total Part III
7,583,686
20,714,338
63,877,165
Federal Home Loan Bank Board:
Federal home loan banks:
Advances to member banks
Federal Home Loan Mortgage Corporation:
Mortgage loans
Total Federal Home Loan Bank Board
7,583,686
20,714,338
12/ Rate negotiated between lender and borrower. The rate shall be
legal and reasonable.
13/ Administrative may not exceed shortest of following: (1) local
statutory limitations, (2) 50 years from date principal benefits
from works of improvement become available, or (3) useful life of
Statutory not to exceed 50 years from date principal
improvement.
of works of improvement become available.
14/ Administrative direct loans for natural disaster: interest is
determined monthly. Rate of 97. on loans not to exceed $1,000 to
low and moderate income families pursuant to Section 505 of the
Housing act of 1949, as amended. Rate for Section 504 loans is 17.,
Guaranteed: loans to low or moderate income borrowers, 11.507. above
moderate income borrowers, 11.507, plus 57. insurance charge.
15/ Statutory - direct and guaranteed loans Zxj low and moderate income
borrowers: determined annually by the Secretary of the Treasury,
considering current average market yield on U,S, marketable obligations outstanding of comparable maturities, adjusted to nearest 1/8
of 17,, less not to exceed differences between adjusted rate and
Guaranteed loans to above moderate income borrower;
17, per annum.
as determined by the Secretary at rates comparable to combined rates
of interest and premium charges in effect under Title 12, Section
1709,
lb/ Maximum authorization for direct rural housing loans is $30,000
thousand.
17/ Administrative: 10.757, Statutory rate is determined annually
by the Secretary of the Treasury, considering current average
market yield on outstanding U.S. marketable obligations for
comparable maturities adjust to nearest 1/8 of 17., less not
to exceed difference between adjested rate determined by the
Secretary and 17. per annum.
not to
18/ Administrative - direct, not to exceed 50 years: guaranteed,
exceed 40 years except for loans to provide housing for Senior
Statutory - as determined
citizens only will not exceed 50 years.
by the Secretary.
:
.
.
Treasury Bulletin
152
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
June
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
•
Agency and program
Amount
outstanding
Maximum
authority
Amount
outs tanding
\_f
I-WhoLly owned Government enterprises
United States dollar loans
Funds appropriated to the President
Appalachian regional development programs:
Appai^cliian housing program
Foreign assistance:
International security assistance:
Emergency security assistance for Israel...
Foreign military credit sales
Liquidation of foreign military sales fund:
Long-term credits
Military credit sales to Israel
5'46,U1
712,883
546,131
712,883
6,163
286,250
6,163
286,250
190,680
3,202,086
7,014,728
Total International Security Assistance,
International development assistance:
Bilateral assistance:
Agency for International Development:
development loans
Al liance for Progress
Common defense, economic, and triangular
,
.
3,
Development loan fund liquidation account.
Development loans
Housing guaranty fund
Grants and other programs
17,468 5/
88,222
7,730,350
17,468
88,222
9,314.504
4,368,576
6,032,481
Total Agency for International Development
15,395,296
trade loans
756,495
Overseas Private Investment Corporation.
23,064
Total funds appropriated to the President...
16.947,170
Agriculture Department:
Commodity Credit Corporation:
Commod i ty loans
Long-term dollar credit sales
Short-term export dales credits
Storage facility and equipment loans
Investments acquired in settlement of
Non-commercial risk assurance
4,765,417
6,931,339
2,189,167
1,413,234
c
1 ^P'lh,
4,765,417
6,931,339
2,189,167
1,413,234
y
636
15,299,157
Agricultural Marketing Service:
Milk market orders assessment fund.
Farmers Home Administration:
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise
Nonfarm enterprise
Operating loans
Guaranteed operating loans
Recreation loans
Soil and water conservation loans
Emergency loans
Guaranteed emergency loans
Guaranteed emergency livestock loans
Economic emergency loans
Guaranteed economic emergency 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..
Programs in liquidation
t
53,015
laims.
Total Commodity Credit Corporation.
Total agricul tural credi
756,495
50,000
i.58,968
5.187
200,020
i,7A5
27,380
805,966
516
12,901
27,050
13,103
3,203
207
insurance fund.
Rural development insurance fund:
Water and waste disposal loans to assoc iations
Community facilities loans to associations....
Business and industrial development loans
loan
Guaranteed business and industrial devel
279,277
88,268
1,561
.
Total rural development insurance fund.
369,106
238
30,
1980
September 1980
153
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
June
30,
(In thousand of dollars)
Direct loans or credit
Guarantees and insurance
Agency and program
Amount
outstanding
Maximum
authority
1/
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans - Continued
Agriculture Department-Continued
Farmers Home Administration-Continued
Rural housing insurance fund:
Rural housing loans
Rural housing loans to senior citizens
Rural rental and cooperative housing
Rural housing site loans
Labor housing loans
1,^(05,963
20,291
633,137
1,226
39,506
Total rural housing insurance fund
l,405,96j\
15,436,938
20,29ll
273,045
633,137)16/ 2,154,533
1,226
4,029
39,506J
25,000
2,100,123
17
Self-help housing land development fund:
Self-help housing land development loans....
Total Farmers Home Administration
Soil Conservation Service:
Water conservation and utilization projects...
Watershed and flood prevention operations
1
2A1
281
,038
1,038
Total Soil Conservation Service
Total Agriculture Department
19,94^,718
Commerce Department
Economic Development Administration:
Revolving fund
Trade adjustment assistance
731,228
20,0^'4
Maritime Administration:
Ship sales (purchase money mortgages)
Federal ship mortgage insurance fund:
Direct loans
Guaranteed loans
Total Maritime Administration
7,927
7,927
130,607
130.607
138,534
National Oceanic and Atmospheric Administration:
Federal ship financing fund, fishing vessels..
Coastal energy impact fund
Fisheries loan fund
,
Total National Oceanic and Atmospheric Admin..
452
21,643
405
2
2,500
Total Commerce Department
Defense Department:
Military: Defense production guarantees:
Army
Navy
<
Civil:
Ryukyu Islands, construction of power systems.
6,628
Total Defense Department
7,489
Department:
Col leae housing loans 26/.
Student loan insurance fund
Higher education facilities loans and insurance
t]:ducatlon
fund
Elementary and secondary education 26/
Higher educational loans to institutions 26/..,
Advances for reserve funds 26/
Higher educational loans to students ^/
Loans to law enforcement students 26 /
Total Education Department
Energy Department:
Direct loans
Guaranteed loans
Foo tno tes at end of section.
731,228
20,094
2,974,686
1,065,343
412,358
283
7,347
19,561
3,783,819
119,572
8,382,969
7
452
50,000
20,000
1980— Continned
134
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
,
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
June
30,
1980-Continued
(In thousand of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority
Amount
outstanding
1_/
Maximum
authority
2_/
Government
fee or premium
Ma tur i ty
range
(Years) 3/
Interest
range
(Percent) 3/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Interior Department - Continued
Territorial Affairs:
Public works
Rehabilitation in Guam
Guam Power Authority
Virgin Islands - Construction
529
529
15,218
15,218
7
36,000
31,000
Total Territorial Affairs
Total Interior Department
36,000
61,000
7-1/8
7-1/8
i:.,7A7
382,773
Justice Department:
Law Enforcement Assistance AihniDistration:
Loans to law enforcement students
State Department:
Emergencies in Che diplomatic and consular service.
Loans to the United Nations
3,1.98
30,082
3,498
30,082
Total State Department 26/
Transportation Department:
Federal Aviation Administration:
Aircraft loans
Federal Highway Administration:
Right-of-way revolving fund
Federal Railroad Administration: ^6 /
"Coins to rai iToads
Railroad loans acquired by default
Trustee certificates of railroads..
Urban Mass Transportation Administration:
Urban Mass transportation fund
Washington Metropolitan Area Transit
Authority bonds
25,995
2,804 38/
Total Treasury Department
1/47.
1,142,228
2,400,000
1/47.
63,273
125,000
1/47.
47,19o
997,000
257,595
1/2-17.
12,190
427
120,606
1,254,689
2,330,702
12,190
427
120,606
1,254,689
2,330,702
3,718,614
General Services Administration:
Liquidation of Virgin Islands Corporation
Surplus property credit sales
Federal buildings fund 2hJ
1,447
48,061
1,447
48,061
1,172,058
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
U.S. Government life insurance fund
Veterans insurance and Indemnities
Veterans reopened insurance fund
Veterans special life insurance fund
Vocational rehabilitation revolving fund
Total Veterans Administration
Independent
Community
Loans to
Loans to
agencies:
Services Administration:
individuals
cooperative associations
Total Community Services Administration
Footnotes at end of section.
7/87.
26 /
Total Transportation Department
Treasury Department:
New York City Gurantee Program
Miscellaneous loans and other assets;
Greece
Hungary
Turkey
Lend-lease and surplus property
United Kingdom
25,995
2,804
3,300,000
4
50,480
86,168
456,480
86,168
1,361,703
1,361,703
1,142,082
28,233
45,113
1,216
38,548
66,917
6,148,035
158,852
295,472
6,040
374,208
485,871
403
403
43,487,816
.
3,226,863
3,034
5,602
3,034
5,602
40/
40/
40/
40/
40/
1,172,058
1
September 1980
155
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
June
30,
1980-Coiitiinied
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
Amount
outstanding
I -Who I ly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
Loans for capital outlay: £,4/ 26/
Advances to Stadium sinking fund, Armory
Bpard
•
•
•
•
Repayable advances
Total District of Columbia.
1,44')
Export-Import Bank of the United States:
Equipment and service loans
Commod i ty loans
Emergency loans
Discount loans
Export-Import medium term guarantees
Certificates of loan participation
Insurance issued through the Foreign Credit
Insurance Association:
Medium term insurance
Short term insurance
Total Export-Import Bank of the United States.
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation: 26/
~.
Loans to insured institutions
Loans acquired from insured institutions
Revolving fund
.
Interstate Commerce Commission:
Railroad loans
National Credit Union Administration:
Share insurance fund
Small Business Administration:
Business loan and investment fund:
Financial assistance program:
Business loans
Economic opportunity loans
Handicapped loans
Local development company loans
State development company loans
Small business energy loans
Investment company assistance program:
Loans and debentures purchased
Total business loan and investment fund.
Disaster loan fund:
Financial assistance program:
Di saster loans
Total Small Business Administration
United States Railway Association:
Direct loans
Subtotal
Held by lending institutions not guaranteed or
insured by the Federal Government
-
Total budget Federal agencies
Off-budget Federal agencies
^/
Federal Financing Bank
Rural Electrification Administration:
Rural communication development fund:
Community antenna television services.
Rural electrification and telephone revolving
fund:
Electrical systems
Telephone systems
Rural Telephone Bank:
Telephone systems
57 /
Total Rural Electrification Administration.
United States Railway Association:
Direct loans 2&/.
Total off-budget Federal agencies.
Total Part
I
377
Maximum
authority
J_/
Amount
outstanding
Maximum
authori ty 2/
Government
fee or premium
Maturity
range
(Percent) 3/
range
(Years) 3/
.
:
Treasury Bulletin
156
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Footnotes to Table GA-II-2.-Continued
19 /
20/
Determined by the Secretary of Commerce.
Maximui.1 authorization for direct and guaranteed loans is $1,500,000
thousand which has been prorated between direct loans and guaranteed
50/
loans.
21 /
Represents premium on insured loans; there is no premium on guaranteed
—
"^
'
loans.
22 /
23/
24/
25 /
26 /
27 /
28
/
Advances shall be repaid within such period determined by the
Coomissioner depending on the maturity and solvency of the reserve fund.
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 lO-year period beginning nine months after student leaves school,
As of September 30, 1979, the latest avaible.
Represents estimated insurance on loans outstanding and loan reports
in process of
$3,596,757 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 62 in Part III of this
52 /
Guaranteed emergency loans
Guaranteed operation loans
Guaranteed Livestock loans
Rural development insurance fund
Guranteed business and industrial loans
Commerce Department:
Ecomomic Development Adralni s tration:
Econmlc development revolving funds
table).
29 /
30 /
31 /
32 /
3 3/
347
35/
3&/
3,? /
^8 /
39/
40 /
U\J
42 /
43 /
t^/
45 /
J^^j
47/
4fi/
^J
Represents maximum authority to borrow from the Seceratary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans of $1,370 thousand insured by the Federal Housing
Administration.
Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
Determined by the Federal Housing Administration and the Veterans
Administration.
Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings.
Commitment fee, 0.57» of
Statutory; Application fee, $10 thousand.
principal up to $30,000 thousand and 0.17„ over $30,000 thousand.
Guarantee charge, 3% of principal amount guaranteed. Annual charge,
0.57. of outstanding amount guaranteed for first seven years, \X of
outstanding amount guaranteed after first seven years.
Loans may be paid off at any time by application of proceeds from
sales of land or capital grants or by refinancing.
loan
As provided by an act approved August 6, 1956 (70 Stat. 10A6)
allocations to irrigation land holdings not in excess of 160 acres
free.
Allocation
nonirr
igatlon
uses
and
irrigation
are interest
to
land holding in excess of 160 acres bear interest based on the average rate on certain oustanding U.S. marketable obligations.
The guaranteed loan rates are 7.8 - 10.2157., and Federal funds rate plus
Direct loan rate is 5-1/27,.
3/87-.
Default of guaranteed loans
Payment depends on liquidation of Central Railroad of New Jersey.
These figures are stated on an estimated basis.
Includes interagency holdings by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 62 in Part III of this table.).
Administrative minimun per iod consistent wi th applicant s abili ty
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 shall be fixed by the Secretary of the
Treasury at the beginning of the 6-month period in which the loans
are made.
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.
Shipment coverage rates as of
June 30, 1980 were $0,13 to $5,88
on each $100 of financed portion ^contract price minus cash payment).
Guaranteed interest rate will be 17. above the Department of the
Treasury borrowing rate for comparable maturities and will be fixed
at time of authorization.
Includes guaranteed interest of $912
thousand.
Shipment coverage rates as of
June 30, 1980
were $0.53 to $6^62
on each $100 of financed portion Cconiract price minus cash payment)
Shipment coverage rates as of
"^^e $0,12 to $2.14
June 30, 1980
on each $100 of gross invoice value.
,
:
Statutory formulas set minimun rates based on yields of U.S. Government obligations of comparable maturity. Accordingly, rates chareed
For June 31, 1980
may exceed minimun and may vary from month to month.
9-3/87. for EOL and 9.59570 for SBIC debentura purchases.
No limitation has been placed on amount of direct or guaranteed
loans that may be outstanding at any one time.
This figure represents the amount of participation by private entiThis private
ties in partially guaranteed U.S. credit programs.
participation in the guaranteed loan programs of the various agencies is as follows:
^"""^^
Agency
(In thousands
of dollars)
Funds appropriated to the President:
Overseas Private Investment Corporation
^.7 671
Agriculture Department:
Agricultural credit insurance fund:
Farm owenership loans:
2,580
Farm enterprise
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees
Veterans Administration:
Loan guaranty revolving fund
Other Independent agencies:
Small Business Administration:
Business Loan and investment fund
Disaster loan fund
Total
^^/
54/
55/
36/
'
5? /
58/
59 /
60 /
61/
^2 /
1
ST
16,710
3,335
23, 315
203,493
32, 153
20,595
44,042,2 79
1,025,368
1,003
45.388j504
Excludes $82,015,311 thousand representing securities issued by the
Federal National Mortgage Association and other institutions that
are guaranteed by the Government National Mortgage Association,
guarantees of mor tgage- backed sec uri ties fund. These securities are
backed by the Federal Housing Administration insured or Veterans
Administration guaranteed mortgage held by the institutions.
Most outlays of the Rural Electrification and Telephone revolving
fund and the Rural Telephone Bank has been classified off-budget
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).
Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agencies.
Loans made
Interest is 27. on loans made prior to May 11, 1973.
after that date bear interest at 27. or 57„ depending on certain
conditions stated in section 305 (b) of an act approved May 11, 1973
Guaranteed loans: rate agreed upon by the borrower
(87 Stat. 69).
and the lender.
This Bank is a mixed-ownership corporation.
Interest rate is average rate of 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. 1704 (e)).
Does not include advances of $3,153 350 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 of $1^143.233 thousand;
less. unamortized discount of $34,^03 thousand; participation in
conventional loans $S2,69i,976 thousand; conventional whoSe loans of
$379,305 thousand; less loan loss reserve of $9,000 thousand.
Statuccry.
September 1980
151
CUMULATIVE TABLE OF CONTENTS,
October 1979 through September 1980
Issues and page nvnnbers
Apr.
Artie le
Treasury financing operations .
:
Federal fiscal operations
Summary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget out lays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
in Federal securiciea (net)
Trust fund transactions
Selected accrual data reported by Federal
agencies
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
:
Federal obligations
Account of the U.S Treasury
Status of the Account of the U.S. Treasury
Elements of changes in Federal Reserve and tax
and loan account balances
Gold assets and liabilities of the Treasury
:
.
Monetary statistics
Currency and Coin in Circulation
:
Federal debt
Summary of Federal debt
Computed interest charge and computed interest
rate on interest-bearing public debt
Interest -bearing public debt
Government account series
Interest-bearing securitiea issued by
Covernment agencies
Participation certificates
Maturity distribution and average length of
marketable interest-bearing public debt
Debt subject Co statutory limitation
Status and application of statutory limitation.
Treasury holdings of securities issued by
Government corporations and other agencies ....
Description of securities of Government corporations and other business-type activities
held by the Treasury
:
Public debt operations
Maturity schedule of interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstanding
Offering of bi 1 la
New money financing through regular weekly
Treasury bills
Offerings of public marketable securities other
than regular weekly Treasury bills
Unmatured marketable securities issued at a
premium or discount other than advance refunding operations
Allotments by investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills
Foreign aeries securities (nonmarke table)
issued Co official institutions of foreign
countries
Foreign currency series securities (nonmarketable) issued to official institutions of
foreign countries
Foreign currency series securities issued to
residents in foreign countries
:
United States savinga bonda
Sales and redemptions by series cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods, Series E
through K
Redemption of matured and unmatured savings
bonds
Sales and redemptions by denominations
Series
E and H combined
Sales by States, Series E and H combined
:
,
,
United States savings notes
Sales and redemptions by periods
:
Ownership of Federal securities
Distribution by classes of investors and types
:
of issues
Estimated ownership by private investors
Treasury survey of ownership
Treasury survey
-
commercial bank ownership
1
3
July
Sept
Treasury Bulletin
158
CUMULATIVE TABLE OF CONTENTS
October 1979 through
September 1980-Continued
Issues anH page numbers
July
May
Market quotations on Treasury aecurities
End-of-month closing quotations
Chart - Yields of Treasury securities..
Aug.
Sept.
83
36
89
92
:
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
85
88
:
89
75
78
76
79
80
83
79
76
81
82
79
84
S3
86
75
78
84
87
I
@FedFRASER