Full text of Treasury Bulletin : September 1980
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ir^o^s. U.5 Dopa^^me^^-^ ol \Me iiC^^oru lO C.l LIBRARY WAR! TREASURE 1 1981 DEPARTMENT DEPARTMENT OF THE TREASURY FISCAL SERVICE, BUREAU OF GOVERNMENT FINANCIAL OPERATIONS POSTAGE AND FEES PAID DEPARTMENT OF THE TREASURY TREAS OFFICE OF THE COMMISSIONER WASHINGTON, - 553 D.C. 20226 OFFICIAL BUSINESS PENALTY FOR PRIVATE USE, 8300 FIRST CLASS Thke in^menca. Buy U. S. Savings Bonds ^ UNITED STATES TREASURY —-Q, \*^i&3 '789 DEPARTMENT OFFICE OF THE SECRETARY The Treasury Bulletin is for sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 Subscription per year $50.00 domestic, $62.50 foreign. Single copy price ($4. 25 domestic, $5.35 foreign.) 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 M a o 1) ^- O 0) u, OS c o u 3 w 5. -O -H O n) c k. -^ ™ t QJ a u ij 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 .2 s B » o .> « ho *H O o CO I O a 6h 2 B o 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