Full text of Treasury Bulletin : September 1981
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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. S300
FIRST CLASS
Take
in^merica^
Buy U.
S.
Savings Bonds
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
-vy
rreasury Bulletin
DEPARTMENT OF THE TREASURY
OFnCE OF THE SECRETARY
WASHINGTON, D.C.
The Treasury
Bulletin
is
for sale by the
Superintendent of Documents,
U.S.
Government
Printing Office, Washington, D.C.
20402
foreign.
Subscription per year $50.00 domestic, $62.50
foreign.)
Single copy price ($4.25 domestic, $5.35
CONTENTS
Page
Face
SR-2.
Sales and Redemptions by PerioHs, All Series
SB- 3.
Treasury Financing Operations
Combined
Sales and Redemptions by Periods, Series
E through K
til
PKDBRAL FISCAL OPKRATIONS
49
50
Redemptions of Matured and llnmat'ired
Savines Bonds
FFO-l.
FF&-2.
Summary of Fiscal OperaCions
Budget Receipts by Source
'
'
52
I
3
UNITED ffTATES SAVIHCS HOTES
Chart
Budget Receipts by Source
'>
FFO-3.
Budget Outlays by Agency
6
Undistributed Offsetting Receipts
8
FFO-5,
Budget Outlays by Function
*)
FFO-6.
iQvestraent Transactions Accounts
in Federal Securities (Net)
tl
Trust Funds Transactions
12
OFS-1.
Distribution of Federal Securities
Detail of Excise Tax Receipts
13
OFS-2.
Estimated Owner&hip of Public Debt
Sales and Redemptions by Periods
FFO-4.
'
S3
OWNERSHIP OF FEDERAL SECURITIBS
FFO-7.
FFO-8.
-
54
55
Secur it ies
FEDERAL OBLICATIOHS
TREASURY SORVIY OF OWFTBRSHIP
FO-1.
Gross Obligations Incurred Within and Outside
the Federal Government by Object Class
FO-2.
Cross Obligations Incurred Outside the
Federal Government by Department
or Agency
TSO-1.
56
Interest-Bearing Marketable Public Oeht
Securities by Type and Maturity Histribution
57
Interest-Bearing Marketable Public
Debt Securities by Issue
Gross Obligations Incurred Outside the
Federal Governrnent, Comparative Statement
by Month
FO-3.
Summary of Federal Securities
TSO-2.
57
Securities Issued by Government Agencies
60
Securities Issued by Government-Sponsored
Agencies and Farmers Home Administration....
60
TSO-4.
-
TSO-5.
ACCOOITT OF THE U.S. TREASURY
UST-l.
-
Status of the Account of the U.S.
Treasury
1^
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
MARKET OUOTATIONS ON TREASURY SECURITIES
61
MO-I.
- Treasury Bills
MO-2.
- Treasury Notes
61
MO-
- Treasury Bonds
63
- Yields of Treasury Securities
64
3.
HDNETART STATISTICS
Chart
MS-l.
Currency and Coin in Circulation
-
22
AVERAGE YIELDS OF LOHC-TERM RONnS
PRI«RAL DEVT
AY-l.
FI>-1.
FD-2.
-
-
Average Yields of Long-Term Trtr-isurv, Corporate and Municipal Bonds
65
Chart
Summary of Federal Debt
-
Average Yields of Long-Term Tro.)surv,
Corporate, and Municipal fiondi
66
23
Computed Interest Charge and Computed
Interest Rate on Interest-Bearing
Public Debt
23
FD-3.
- Interest-Bearing Public Debt
24
PD-4.
- Government Account
25
FD-5
-
Series
Interest -Bearing Secur it les Issued
by Government Agenc les
INTERNATIONAL FINANCIAL STATISTH'S
67
Reserve Assets
FI>-7.
-
-
Selected U.S. Liabilities to Forvjianors
rFS-3.
-
- U.S.
IFS-2.
FD-6.
IFS-1.
-
U.S. Liabilities to Official
Foreign Countries bv AreA
IFS-4.
-
Nonmarketahle U.S. Treasury Bonds ntiri NoCos
Issued to Official Institutionb .in.l
other Residents of Foreign rountries
IFS-5.
- U.S.
IFS-6.
- Weighted Average of Fxchang." ^jr.Changes for the Dollar
26
Participation Certificates
Maturity Distribution and Average Length
of Marketable Interest-Bearing
Publ
ic
6B
27
2R
Debt
FD-8.
-
Debt Subject to Statutory Limitation
FD-9.
-
Status and Application of Statutory
Limitation
2*)
FD-10.
-
Treasury Holdings of Securities
30
28
Position
Monetary Fund
in
the
InterndL
list itn- urns of
69
i
70
on.i!
71
72
PUBLIC DEBT OPERATIONS
PDO-1.
-
CAPITAL MOVEMENTS
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
CM-I-I.
-
Total Liabilities bv Type of '(older
75
76
LIABILITIES TO FOREIGNERS REPORTED BY RANKS
-
r.S,
PDO-4.
-
Offerings of Public Marketable Securities....
37
CM-I-2.
-
Total Liabilities by Type, Pavable
in Dollars - Pari A
PDO-5.
-
Unmatured Marketable Securities Issued
at a Premium or Discount
40
CM-I-2.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities.
Total Liabilities to Nonmonet<irv International and Regional Organizations ^v
Payable in Oollars - Part R
6i
PDO-b.
-
CM-I-3.
PDO-7.
-
Disposition of Public Marketable
Securities
46
PDO-8.
-
Foreign Series Securities
-
Foreign Currency Series Securities Issued to
Residents of Foreign Countries
48
CM-I-4.
-
77
Total Liabilities by Country
Total Liabilities by Type and Cou-Urv
CLAIMS ON FOREIGNERS RFPORT^n BY RANKS
I'NITFO STATPS
47
PDO-9.
-
"^vpii,
78
f1
79
r"F
-
Sales and Redempt ions by Ser les
.
Cumulat ive
.
49
SO
Total Claims bv Tvpi^
New Series)
80
CM-II-3.
.
Total Claims by Tvpe (Old Series)
-
Total Claims by Country
31
CM-II-4.
SB- 1
-
CM-II-2.
UKITED STATES SAVINGS BONDS
CM-II-1.
-
Total Claims by Type and Country
Reported by Banks in the II. S
''2
f
.
Treasury Bulletin
//
CONTENTS
PaRe
CM-II-5.
-
Banks' Own Claimb by Type
CM-II-6.
-
Banks' Own Claims by Type and
Country Payable in Dollars
84
Page
ft3
CM-II-7.
-
Domestic Customers' Claims by Type
CANADIAN nOLLAR POSITIONS
FCP-n-1.
85
-
Nonbanking Firms' Positions
105
FCP-ri-2.
-
Weekly Bank Positions
105
FCP-II-3.
-
Consolidated Monthly Bank Positions
106
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA
REPORTED BY BANKS - U.S.
FRENCH PRANC POSITIONS
-
CM-in-2.
Dollar Liabilities to, and Dollar Claims
on, ForeiRners in Countries and Area Not
ReRularly Reported Separately
Dollar Claims on NonhankinR ForeiRners
FCP-III-1.
Nonbanking Firms' Positions
-
Weekly Rank Positions
107
-
Consolidated Monthly Bank Positions
108
FCP-IV-1.
-
Nonbanking Firms' Positions
109
FCP-lV-2.
-
Weeklv Bank Positions
109
FCP-IV-3.
-
Consolidated Monthly Bank Positions
110
107
8ft
fi?
GERMAN MARK POSITIONS
LIABILITIES TO FOREIGNERS REPORTED RY NONBANKING
BUSINESS ENTERPRISES IN THE UNITED STATES
CM-IV-1.
-
Total Liabilities by Type
88
CM-IV-2.
-
Total Liabilities by Country
89
CM-IV-3.
- Total
Liabilities by Type of Country
-
FCP-riI-2.
FCP-III-3.
CM-IU-l.
ITALIAN LIRA POSITIONS
90
FCP-V-1.
-
Nonbanking Firms' Positions
FCP-V-?.
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING
BUSINESS ENTERPRISES IN THE UNITED STATES
-
Weekly Bank Positions
HI
HI
CM-V-1.
-
CM-V-2.
- Total
Claims, by Country
92
FCP-VI-I.
-
Nonbanking Firms' Positions
CM-V-3.
- Total
Claims, by Type and Country
93
FCP-VI-2.
-
Weekly Bank Positions
112
FCP-VI-3.
-
Consolidated Monthly Bank Positions
113
FCP-Vll-1
-
Nonbanking Firms' Positions
FCP-VII-2.
-
Weekly Bank Positions
114
FCP-vn-3.
-
Consolidated Monthly Bank Positions
115
FCP-Vlll-1
.-
Nonbanking Firms' Positions
FCP-VIII-2
,-
Weekly Bank Positions
U6
FCP-Vlll-3
,-
Consolidated Monthly Rank Positions
117
Total Claims, by Type
91
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-VI-1.
CM-Vl-2.
-
Foreign Purchases and Sales of LonR-Term
Domestic Securities
-
Foreign Purchases and Sales of LonR-Term
Foreign Securities
JAPANESE YEN POSITIONS
SWISS FRANC POSITIONS
94
94
CM-VI-3.
-
Net Foreign Transactions in Marketable
U.S. Treasury Bonds and Notes by Country,...
CM-VI-4.
-
Estimated Foreign Holdings of Marketable
U.S. Treasury Bonds and Notes by Country....
CM-Vl-3.
-
Net Foreign Transactions in Long-Terra
Domes t ic Bonds
97
Net Foreign Transactions in Domestic
Stocks by Country
9R
Net Foreign Transactions in Long-Term
Foreign Bonds by Country
99
CM-VI-6.
CM-VI-7.
-
-
m
112
9S
96
114
STERLING POSITIONS
116
UNITED STATES DOLLAR POSITIONS ABROAD
-
Net Foreign Transactions
Stocks by Country
CM-Vl-9.
-
Foreign Purchases and Sales of LongTerm Securities, Latest Date
-
Foreign Purchases and Sales of Long-Term
Securities, Latest Year
us
FCP-IX-2.
-
Weekly Bank Foreien Office Positions
118
-
Monthly Bank Foreign Office Positions
119
101
CM-VI-10.
Nonbankina Firms' Foreign Subsidiaries'
Positions
PCP-IX-3.
CM-Vl-8.
-
[02
Foreifin
100
FINABCIAL OPRRATIONS OF GOVlRNMEIfT ACENCIKS AHD PUHDS
POUICN CORREHCT POSITIOMS
FEDERAL CREDIT PROGRAMS
GA-II-1.
FCP-I-1.
-
Nonbanking Firms' Positions
104
FCP-1-2.
-
Weekly Bank Positions
104
FCP-I-3.
-
Monthly Bank Positions
104
Note: Details of figures may not add to totals because of rounding.
Direct Sales and Repurchases of Loans
GA-II-2.
SirHMARY POSITIONS
-
Direct and Guaranteed
Loans Outstanding
Cumulative Table of Contents
121
122
129
September 1981
III
TREASURY FINANCING OPERATIONS
AuctioD of 2-Year Hotet
On August
Billion
of
August
and
1981,
August
due
refund
to
determi nation as
the
maturing
notes
cash.
31,
February 28
on
August
and
A coupon rate of 16-1/4Z was set
tenders
accepted on
were
yield
a
auction basis.
Tenders for Che notes were received until
yields rangiog from 16.20%, price 100,083,
Noncoopetitive
of
agents
accepted
1 :
30 p.m.
foreign
for
Tenders were opened on August
The average bank discount rate was I6.3I3Z.
invited for approximately 52,000 million
On August 31 tenders were
of
9-day
bills
September
issued
be
to
1981
8,
representing
,
an
additional amount of bills dated March 19, 1981, maturing September 17,
Tenders were opened on September
1981. The issue was to raise new cash.
They totaled S7.8I3 million,
2.
of which
$2,003 million was accepted.
EDST, August
,
price
international
average
the
at
1
vie Id
of
These totaled SI, 194 Billion.
accepted
of
the average
and
fut
investors
tenders
32,743
totaled
also
included
$815
Reserve banks as
from Federal
monetary author
ies
it
13-Week and 26-Week "ills
price 99.950.
up to I6.28T,
private
fron
million
$4,752
tenders at
in
price 99.983.
16.26Z,
tenders
The
oil lion.
mi 11 ion
tenders were accepted
tenders,
Competitive
to raise new cash.
issue was
The average bank discount rate was I7.280T.
20 and totaled $10,113 Billion, of which $4,732 nillion was accepted at
accepted
The
They totaled 59,994 million, of which $4,503 million was accepted.
?R.
notes
"Hie
to be dated
payable
interest
which
to
nev
$4, 7^0
auct ion
of
ni It ion
0-1983,
August 31 in each year until aaturity.
after
would
it
nillion
Series
with
1983,
31,
that
$3,1 54
$1,596
raise
to
Treasury Notes of
offered were
1981,
notes
2 -year
31,
1981.
the Treasury announced
\l*
exchange
in
of regular weekly Treasury bills
Issues
mi
1 1
These
ion.
issues were
August
in
totaled $35,200
refund bills maturing in the amount of
to
$33,750 million, and to raise about $1,430 million new cash.
week series there were two issues of $4,300 mi
$4,300 million.
mill ion
the 26-week series there were two issues of $4,300
In
of S4 ,500 mi
issues
two
and
In the 13-
and two issues of
11 ion
Average rates for the new
ion.
II
issues are shown in the fol lowing table.
for maturing securities.
addition
In
auction process,
to
the
tenders
of
Bill ion
$4, 752
accepted
$575 million of tenders were accepted at
price froB GoveroBent accounts and Federal
in
the
Annual average rate
(bank discount basis)
the averaze
Reserve banks for their own
account in exchange for Baturing securities.
Tenders were received at Federal Reserve banks and branches and at
Public Debt, Washington,
the Bureau of the
Bearer and registered
D.C.
notes were authorized to be issued in denominations of S3, 000, $10,000,
13.674
15.235
13.705
15.832
6
13
SIOO.OOO and SI, 000, 000.
20
27
15.571
15.122
13.644
15.854
Auction of 5-Year 2-Month Notes
On August
the Treasury announced
19
that
would auction $3,250
it
million of 5-year 2-month notes to raise new cash.
Treasury Bills (Other than Cash Management Bills)
Treasury bills are sold on
were Treasury Notes of Series F-1986, to be dated September 8, 198], due
November
each
1986,
15,
with
determination
as
to
payable on May
interest
until maturity.
year
A coupon rate of
which
were
tenders
November
and
5
1
16-1 /BZ was
accepted
General
-
The notes offered
on
set
bidding,
and
their
maturity
at
amount
par
payable
is
in
15
after the
yield
a
noncompetitive
basis under competit ive and
d is count
a
auction
without interest.
a
minimum amount of $10,000 and
records
basts.
series are issued entirely in book-entry form in
All
either of
in
any higher $3,000 multiple, on the
Reserve
Federal
the
banks
branches
and
or
,
of
the
Department of the Treasury.
Tenders for the notes were received unt
27 and
it
I
:
30 p
.ra.
August
ROST,
,
yields ranging froB I6.05Z,
price
Noncompetitive tenders for
100.043, up to I6.19t,
price 99.561.
million or less from any one bidder were
$1
accepted in full at the average yield of accepted tenders, 16.I4Z, price
99.733.
Tenders are received at Federal Reserve banks and branches and from
totaled $6,462 million, of which $3,25t million was accepted at
These totaled $490 million.
Competitive tenders accepted from
individuals
in
auction process,
to
the
million
$3,251
$205 million of
of
accepted
tenders
tenders were accepted
at
the
in
the
average
price from Federal Reserve banks as agents for foreign and international
monetary authorities for new cash.
Bureau of the Public Debt, Washington,
notes were authorized to be
D.C.
Bearer and registered
in denominations
issued
of St ,000,
$5,000,
SlO.OOO, $100,000, and SI. 000, 000.
1
be made
actual
the
for
issue
accompany tenders
t
Debt.
Payment
for
Washington,
Each
D.C.
Tenders over $10,000 must be
the
full
par amount
applied
for
tenders submitted for bi lis to be maintained on Che
Che
d
i
f
A cash adiustment
ference between the par payment
price as determined
in
the auction.
submitted and
No deposit
need
incorporated banks and trust companies and from
from
responsible and recognized dealers in investment securities for bills to
be
Tenders were received at Federal Reserve banks and branches and at
the
accompany al
Public
minimum of $10,000.
multiples of $3,000.
must
wil
addition
Bureau of the
a
book-entry records of the Department of the Treasury.
private investors totaled $2,761 million.
In
the
at
tender must be for
maintained on
the
book-entry records of Federal
A deposit of
branches.
Reserve banks and
percent of the par amount of Che bills applied
2
for must accompany tenders for such bills fron others, unless an express
guaranty of payment by an incorporated bank or trusC company accompanies
the tenders.
Noncompetitive tenders (without stated price), usually for $500,000
52-Week Bills
or less from any one bidder,
of 364-day Treasury bills to be dated
September 9,
The
1982.
bills maturing
September
Tenders were opened on
which
$4, 752
million
issue
10
September 10,
September
to
raise
3.
and to mature
$4,007 million of 359-day
about
$750 mil lion new cash
They totaled $9,636 million,
including
accepted,
was
weighted
average
price
of
accepted competitive bids for an issue.
1981
$234
of
nil lion
of
noncoR^et itive tenders from the public and $1,205 million of the bills
Payment
of issue,
are
accepted
for each issue of 13-week, 26-week, and 52-
week
to refund
was
and
bills,
for approximately $4, 750 million
28 tenders were invited
On August
in
ful
I
the
at
tenders must be made or completed on the date
for accepCed
in cash or oCher innediately available funds or in a tike par
Payment
amount of Treasury securities maturing on or before that date.
for
13-week,
26-week,
and
32-week bills may not
be made
by credit
m
Treasury tax and loan accounts.
issued at the average price to Federal Reserve banks for themselves and
as
agents
for
foreign
and
international
monetary
authorities
.
The
average banks discount rate was 15.056Z.
NonmarkeCable Foreign Series Securities - Foreign Governments
Dollar
institutions
Cash Management Bills
1
6 -day
add It lonal
bills
to
in
August
foreign
totaled
series
$307
securities
million,
be
invited
issued
for approximately S4, 500 mill ion
September
1 ,
1981
,
representing
amount of bills dated March 19 1981, maturing September
an
!
7
issued
consisting
Redemptions during Che month totaled S819 million.
On Augu&t 26 tenders were
of
denominated
Co
of
official
3
bills.
Ac the end of August
dollar denominated foreign series securities outstanding totaled $13,739
million.
(Details are shown on page 48.)
September 1981
FEDERAL FISCAL OPERATIONS!
Table FFO-1. -
Summary
of
Fiscal Operation!
(In mill ions of dollars.)
Budget receipts and outlays
Means of
f
inane ine--transact ions
Cash and monetary assets (deduct)
Borrowing from the puhl ic--FeHeral securities
Fiscal year
or month
Surplus
Net
Net
or
receipts
outlays
deficit
1/
2/
(-)
Public
debt
securitics
(1-2)
1977
1978
1979
1980
208,649
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,955
520,050
579,011
-23,372
-14,849
-4,689
-45,188
-66,434
-12,956
-44,963
-48,839
TJ-ll ,bi2
-58,961
1981 (Est.)
1982 (Est.)
605,640
662,369
661,237
704,850
-55,597
-42,481
37,34(1
44,259
53,544
38,923
39,175
48,903
52,214
38,394
44,623
74,464
38,514
70,688
48,142
r52,342
50,755
47,289
56,304
48,049
56,202
59,099
53,969
54,217
57,198
54,608
55,619
58,486
r-14,99J
-6,496
6,255
-17,382
-8,874
-7,299
-6,884
-15,575
-9,593
17,266
-16,094
15,070
-10,343
494,042
553,751
-59,710
1972
1973
1974
1975
1976
T.Q
1980-July
Aug
Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
May
June
July
Fiscal 1981
to date
232,021
247,074
269,620
326,185
366,439
94,729
402,725
450,836
Vill.bO^
29,131
Agency
seciiri-
ties
In estments of
Government accounts 3/
Within general account
Total
(t**-b~h)
of the T'.S.
Treasury 4/
Spec
Treasury
operat ine
cash
I
a
1
drawing
rights b/
nthe
posit Ion
on the II.
the
IMF 6/
Treasury Bulletin
FEDERAL FISCAL OPERATIONS.
Footnotes to Table FFO-1
n.d.
September 1981
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipt! by Source
(In nillions of dollars)
Income taxes
Fiscal year
or month
Ind tvidua
Net
Social insurance
taxes and contributions
Employment taxes and contributions
Corporat ion
I
budget
receipts
Net
Withheld
1/
Other
Refunds
Net
Cross
Refunds
Net
income
taxes
Old-aee, disability, and
hospital insurance
Gross
197^
197J
1974
197i
197b
2nft,bi<}
232, 2i5
83,200
98,093
112,092
1977
1978
1979
1980
264,932
280,997
300,006
81,773
357,762
401,997
465,955
520,050
32,950
144,857
165,254
195,331
223,802
1981 (Est.)
1982 (Est.)
605,640
662,369
259,446
286,870
37,348
44,259
53,544
38,923
39,175
48,903
52,214
38,394
44,623
74,464
38,514
70,688
48,142
19,517
19,220
18,732
20,237
20,379
22,844
20,896
19,080
22,349
20,539
20,267
23,005
23,967
494,042
213,565
T.Q
198n-July
AuR
Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
May
June
July
Fiscal 1981
to date
122,071
123,441
25
Refunds
4
Treasury Bulletin
p
FEDERAL FISCAL OPERATIONS
Tabl* FFO-8. - Budget Receipt! by Sonrce-Continued
(In millions of Hollars)
Social insurance
taxes and
contributions--
Fxcise taxes
Con.
fiscal year
or month
Miscel laneous
Airport and airwav trust
social
insurance
taxes and
contribut ions
Gross
Refunds
Net
1.056
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
53,914
64,542
76,780
86,441
92,714
25,759
108,688
123,410
141,591
160,747
9,550
10,753
2,564
9,796
10,2^3
9,978
15,709
148
149
169
146
9.506
9.836
9.743
9,400
10.612
2,520
9.648
10.054
9,808
15.563
1981 (Est.).
1982 (Est.).
186.767
214,166
34.932
39,102
1B4
157
19eO-July...
Aug
Sept..
10,253
18,546
12,860
11,283
13,242
11,078
14,363
17,211
15,784
20,201
20,694
14,657
15,206
1,966
25
Cross
34.748
38.948
Oc t
Nov
Dec
.
.
.
1981-Jan
Feb
Mar
Apr. .
May
June. .
July...
,
fund
Hiahuav trust fund
Net
10,562
9,995
9,884
2,040
2,047
2,185
1,643
1,845
1,872
2,811
3.662
3.241
3.620
3.627
3.433
158
141
150
141
11
11
14
7
17
9
II
17
11
42
-2
27
I
.941
2,029
2,035
2.171
1.636
1.828
1,863
2,800
3,645
3,230
3,577
3,630
3,406
Refunds
Gross
650
760
842
964
940
649
277
1,193
1,328
1,528
1,877
277
1,191
1,326
1.526
1,874
5,635
5,818
6,384
6,334
5.565
1.677
6.844
7.042
7.322
6,761
-2
1,709
6,857
7,326
156
Refunds
546
475
520
584
433
156
156
160
758
840
062
938
155
160
153
123
146
152
I
135
137
133
142
154
147
Net
5,322
5.665
6,260
6,188
5,413
1,676
6.709
6.904
7.189
6.620
6,703
7.17''
546
474
520
584
424
541
-1
16
541
634
475
634
447
540
552
586
377
577
572
27
12
86
4
12
500
373
565
572
Fiscal 1981
to date,
,
.
Excise taxes--Cont inued
Fiscal year
or month
Black lunE disability
trust fund
Estate and gift taxes
Customs duties
Net miscellaneous receipts
htember 1981
•-
FEDERAL FISCAL OPERATIONS
CM
6
00
CM
u ^
5
i2
CO
0)
o.
0)
° 2
c
E
en
"
£ <A
»
ra
55
?5
CD
n
2 c
£
c
o
-2
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Tabic FFO-8. - Bndget Ontlayi by Agency
(In millions of Hollars)
LeeisFiscal year
or month
The
lat ive
iuH 1-
branch
ciarv
Fxecut ive
Office
of Che
PresiHent
Funds ap-
September 1981
FEDERAL FISCAL OPERATIONS
Table FFO-8. - Budget Outlays by Agency-Continued
il
I
ions nf Hot lars)
Treasury Department
Fiscal vo
or month
-lust ice
Labor
nepartmcnt
He p a r t -
State
Oepartment
10/
551
2.351)
1977
1978
1979
19S0
2.397
2,522
2.632
2
1981 (Est.)
1982 (Fst.).
.
.
.
64
3
231
188
19S0-July...
Aug.
Sept.
,
•2,537
Nov
203
309
190
Dec
199
1981-Jan
Feb
226
202
205
290
Oc
.
.
t
Mar.
Apr.
.
.
.
.
.
Fiscal 1981
to date.
.
.
2,883
2,944
2.703
2,897
2,417
2,251
Nat lonal
Aeronaut ics
and
Spate
Admin.
1972
3,427
197
3,31
i
1
1977
1978
1979
1980
3,252
3,267
3,670
953
3,944
3,980
4,187
4,850
1981 (Est.).
1982 (Est.).
5,271
5,891
1974
1975
1976
T.O
47
1980-.Iuly...
AuR
Sept
Oc
3
456
.
356
.
479
475
409
t
No»
nee
381
19«l-Jan
Feb
Mar. ..
Ap r
May. .
June.
.
.
.
450
559
483
.
461
.
.
.
July...
Fiscal 1981
to date. . .
844
1.076
1.757
1.548
1.917
137
103
266
122
167
90
133
237
739
171
509
417
141
2,284
.
Fiscal year
or month
591
730
2,391
205
220
.
r237
2,161
199
May
June.
July...
1,990
2,417
r3,475
2,887
3,340
2,806
1,79 7
2.nh7
2,242
1,061
316
30,748
^7.770
l.bll
T.O
568
10,033
8,639
8,966
17,649
25,742
5.905
22,374
22,896
22,650
29,751
1.180
1972
107J
1074
197S
1976
151
Oepartment
Interest
on the
public
debt
Other
2'
Fnvi ronmental
Protect ion
Aecnc
8
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-4. - UndiBtribnted Offsetting Receipt*
of doUdr-l
Federal employer contrihur
Fiscal year
or month
Health and
Human Se r V 1 c e
Federal uld-ape,
disability, and
hospital insurance
i.,
rec iremenL
funds
"ffice of
Personne
Management
Civil service
retirement and
disability fund
Interest cred ited to certain
Government arroiiniv
fofense
"ealth and Human ^iervices
f^eparlment
flther
Total
1/
Soldiers' and
Airmen's "ome
nermanent
Federal oldand survivor
insurance
trust fund
fund
2.7f.R
i.on
1,111
1,71«
1,04(1
2,030
2,2ilfi
U.lUl
2,14f,
10
2,27^
2,ISJ
1,271
S.7flf.
1,<>1»
I.IB')
1,804
(' ,
»
1
2
'17
LIU
1
l,f.32
1«
100
,104
f.3
Ulh
41i
"•>
4 3n
".4")
iPO
4J4
75
IS
'n,«
103
66
UUi
iS7
20S
hi
4,19
5f.S
2K
Federal
itember 1981
FEDERAL FISCAL OPERATIONS,
Table FFO-6. - Budget Outlays by Functiona
<
July
Sent.
All
nt!
!n
Oct.
HulUrs)
ions of
!
Mov.
Mar.
Fch.
Jan.
r>oc.
Cumula-
July
Juno
May
Apr.
t
1
ahlc
per lod
fiscal
ve to
U
Hate
IPfln
d
Ho
I
f
eobi.'
at lunal
1
1^60^
l,fiR3
l.Wn
-1,203
-147
-447
l,2|3
-Sio
2.7R3
-l.^nn
-*
-
-H
SI'
'^»U
^74
1,240
306
1.00^
b'yh
30]
'.SS
'li.O
sl«
-
*
-
-*
ii 1
-*
')31
-
-*
3^h
i'^l
S>^«
'i4Q
^t«
/.in
-l,m
1,12R
-b^)
-4
-1
rl,4n3
S^'^
r^ni
r-
r'jru
pubUt
Lai
scicnLc
ayb
r luLary
Jl,«|2
1
',6«2
af fdi r^
ayb
rietdry rcceiplb from Lho
dhudecLdry I rdn^act inns,
,
spac-j
r>.'i. v-
ipl b
-I
!?.«;?
26
-?
OS
1
n.«l2
-06
MPS')!
-|4
-^
I
n,2 7i
I3,«in
?,4«3
-784
.|0
«nO
\U,nU
1
32 823
,
1
1
660
3,
-R6
1
-660
-1,130
U
*
fi
3.S3R
14.602
1,324
-^H?
2,66?
-1,277
-1,122
18.066
-R,7n8
-6,7R3
.
-i;
.
-71
-71
1,6S1
737
1,373
37R
o,2R4
ft,0«6
606
*,ns
^IS
^,*>R8
^,0^4
-*
S36
-*
601
-2
*
-1
-4
-2
S!l
6'3!
SOS
S36
hOn
SIS
'i,S«4
S,0S2
i.OKi
-237
183
-408
I.OIS
1,230
-124
1,386
-67
l.OQO
-17^
lO.Jih
-1,632
-1,20|
«:"^
4;S
0;>/,
,
320
Q!i
R.hQi
S,3')3
,
]0
i4^
2,^40
I
l,')6n
...
I
i^ii
-^3
-1
I3,0i.n
ll,60H
r2,b26
Lai
II
n,
-i.R
ll,'i36
-K
1
1
I?,^SS
n,f>nq
-1
11,1^7
-137
1
7
10
IM
-Sll
14
|/,7S;
-\hh
-:>
ILi-^Q
\hS
-3
H,hf,6
ri^tdry r.-cc-ipLs frurr the nuhlic
abudRuLary iranhattiuns
.QiS
-IH
,SJf>
I:/,lPft
ays
48
7
:',72l
-4R2
-1,412
1,
-SS
1
1
,
bOn
1
32
. 1
^4
1
1
2
,
I!),
^4S
84
3
and Lcchnulugy
,
f ruin
thu'
publ ic
Lai
r7S')
7Sf.
7SR
7S4
7|h
r-ino
-111
-122
-123
-flo
021
-7s
-
-
7'>
'-4'i
6?
7
P4S
rictary receipts, from the public
ahudgeLdry t ransac L lonb
1,437
-100
-12
tal
ays
fi,663
-6
ays
ric'Ldry receipts, from the public
dbudRL-tary
L
rant.dc
t
ions
1
ri?sourte*s and
ayi'
jC
f>3l
l,')2S
1,')44
1,S7«
-242
-10
-212
-l')3
-17
-n
1,366
-'62
-17
1,460
-100
-26
I.M6
l,27'7
1,U4
l,4n*,
I.OW*-
I,1:»S
-24^
r-3
-ilS
-16
-136
lO^)
9f,fi
-4?
28
II
r-24P
-Ml
-l«4
22)
'^7"
r6
Ldl
»>
I
,
"i
I
3
-}if^
'^
)
-.
-I
M
1
,
1
nf,
!
envi rontnunt
.'. ,",
7
rictary receipts from the public
Ldl
l.,'«7
-13*)
,
-180
13,373
-1,764
-1,610
-«
-I
-ISl
-122
I.OQJ
1,017
1,140
l,16i
ll,4'.8
II, 334
-6?
-2*^3
2«0
-|6
S,')22
!),36l
-40
-147
-1
-SO
13
~b
-^4
-03
-S»
-304
-130
2
74
-86
3,468
3,266
4,382
-36
7.763
-20
24
(
l,2«7
1
,
?Ofl
I
,
,
-|70
~\U
-|Q1
-\L
M4
l.0|7
l,0Q3
-31
I
-200
-?6
2,037
46
407
-SS
fSS
2,0ft;,
3R6
1
,
13,266
-ISR
-7
jS/
I
-1«
1,20|
-[77
1
7
I
,
ce and housing credit.
7H4
Q|
-22
1,62<>
-334
1,0SS
OQO
-l^ft
-4ft
-1
-'
-1
-
-
*
-
-7
-*
-4
-*
-3
-*
-2
-
-4
-*
330
-R
"*
Rh3
-1
380
-!
-*
-264
r-2
~>
-*
r7H3
«ft
-2*1
!,6,'f>
-iS7
l.nSI
QRP
-'01
177
121
-26ft
urtat lun
aya
rietary receipts from ihe public
abudfielary tr.insdi.tiuns
l.OQO
-42
1,81R
-40
2.120
-US
2,113
l,R3R
-30
"II
1,R«1
-42
-71
1,300
-33
1,630
-44
l.7;i
-3R
1,671
-W
-40
1,883
-42
-
-
-
-
-
-
-
-
-
-
-
Ldl
1,04,0
1,77^'
:'.077
2.nfiK
l.PO'^
l,°7n
l,P|n
|,ih7
l,^OS
l,f.R3
r74Q
r-6i
-146
R')7
1,121
1,07*
-'.o 1
l/i'^*^
19>
riutary recetptb from the public
abud^etary tran:.act tuns
OP
q
-<^2
-2
-1
-101
-112
R3
-13
-30
-7
-
^73
-?S
-20
qno
-6n
-hh
Lai
rStO
1,1'fl
"^Ri
R4J
'^7,'
'^i^l
h?V\
7R2
ays
rietary receipts from the public
abudgetary transact tons
la!
I.
-
"J
-
*
-SI
4,)43
7,733
',160
-40
"330
20,286
17,420
-ill
-3f>I
-
-J30
-74
1.38!
I,R40
1,771
1^,303
16,083
SjR
UUl
7
-30
QP2
-14
716
-14
-2
7R
-
ifl
-23
P,407
-286
-204
«,8R3
-706
-23 3
"^44
h».l
020
677
R
R6
1
ity and reR tonal developmenl
ay:,
tes at end of Labi,'.
');.
I
.OOh
7
,R13
Treasury Bulletin
10
FEDERAL FISCAL OPERATIONS
Table FFO-6. - Budget Outlays by Fanctiona-Continned
—
(In millions of Hollars)
FY
'"'"
I'lSCl
py ^qfti
"""
""'
"""
""
""=
'="
""•
"-
'^'
'-e
"
'
"'=''
'
C™u,a-
J.ly
aMe""
tive to
date U
Funct.on
period
fiscal
i<J8n
Educacion, traininR, employment, and
soc lal services
'"il
Incrabudgetary CransactLons
^°""
'•'•"
''•'"'''
'-'f:
^"S
2.9«
2,223
''"'"
":prr:t:;;-;ec;;;;rr;;:-tbe-p:bu;:;;
intrabudgetary transactions
''""'
Undistributed offsetting receipts
Net budget outlays
25,959
2,1,1
26,244
^•>':
^•-
'•>»
^."5'
^33,
6.7,0
7.1,0
64.,63
54.424
--.5«
-6fl«
-6»2
-1,3^7
-6M
-6^3
-664
-l.OM
-8,05!
-6,«t
'•'""
•••"'
^-'^
'•«"
>.'"•
!'.'>l"
5.757
6,259
5,645
6.122
6,141
56,«87
47,985
^=^^^^=^^^^^^^^^=^^=a.,.
'
'"•": '"•'" "''' '"'"^
-4
rI7, 92,
-181
-164
"•"'
,7,99, 17,487 18,36,
''.'•"
^^^—
.
,
...
,
.
.
""^
"•«" ^".""
-"."^
^"^.^n
159.571
-"
-5!*
-;2-1.6;i
-38
-4,3l9
-2,907
"•":
"•*'"
-,42
-744
18,944
,9,2,9
,8,7,5
H"o
''Z
'-lit
^^
^^
'-"i:
~^''
""
"'
-1
-*
-*
-1
-*
'I"
3,032
1,923
1,955
1.028
2,168
,7,216
^„^.^_^^^_^^
'"'''
'"'\"
-40-1.024
-31
,9,24,
,R,768
18.576
18.806
19,637
187,648
156,664
''"^^
^•"'
'•'':
'"?
-""^
""
^,047
"^2
2o,64«
-306
,8,240
-477
-*
-1
-*
_5
.2
1,671
1.786
2,995
20,137
17,761
'
'-.HI
'::';
.
~
7.
'-1:1
-
^•"''
I
'"
2.
''5''
i
.^==^=^
-_.__.
^"!
^399
".
,53
"?
350
=:=:=i
-„
'^32
"!
"•:,
466
348
5-5-1
'\^
382
382
'"j
"^
,88
376
465
-,-„.2i,
.\s
-u
-n
-23
M
M
'n
428
39
464
446
356
425
74,
3,0
642
'•".
"
-
-
""
'<•
"?
'-Z
'•".
t-„
—^'"
150
1,,29
26
1.293
210
,«8
343
388
"
"-6
3R5
rr^^
3.940
1-13
-1
-10
386
3,927
3,851
.\l
'III
'IT,
"-'
,
-
°'
''''
~
-»
506
"
242
3,883
,,516
""3
13,00,
,
.
~^^
-4.573
-6,854
44
1,234
6.414
8.11,
''•'''
""''
''""
^"'"^
'M]
Z[
llllT,
^'^l
_
-3
113
98
1,1,,
—
,
393
=====^=^==^=^==^=^=^=^sss^=^=s^=^=s
~
-
'-ll"
,
'^^^===^=!=^===s^=^
343
*
_.
_
.
^^^^'^'^^''^^^''^'^^^''^'^'^^=^=^=^='^=^=^=^=^=^=^=^=^
'•""
._
.
"i
':i
,
,
'"
~
*
2„
^-^^__'•""
••»'
"
~'*^
'lZ "-Z
'--III
-Jo
'-Z
'-^.l
-T.
'-It:
.;,IT,
'-';:i
III
'i^ll
-\]l
''-HI
-78
"-W
'HI
''M
''""
'•'"
5.349
5.338
10.805
3,822
6.400
5,835
6,423
7.023
11.674
6, ,64
68,834
54.688
-860-2.000-2.630
-1.285
-7,400
-732
-838
-874
-9.9
-,,029
-8,023
-688
-24.435
-19.624
r52, 342 50.755 47.289 56.304
48.049
56,202
59,099
S3, 96,
54,216
57, ,98
54,608
55,6,9
S8.486
553,75,
480,48,
'f-ll
-3,5
''•"'
r-595
Revised.
Less than 5300,000.
Source:
Monthly Treasury Statement of Receipts and Outlavs of
the
United States Government.
U Monthly totals may not add to cumulative due to budget reclassifications,.
r
*
2,400
2.677
2..271
-27
"-'i^
'
Interest
2,-,K4
-2
-636
General government
Intrabudgetary transactions
2,6M
-13
''"i
'•'"'
p"prf:ti;;';e;e;;trf;;„-t-he'pubu;;::
2,«62
».^75
-1
-705
''""'
General purpose fiscal assistance
3,020
^'^^
-2
'-"t
Intrabudgetary transactions
^°"'
I
'-'Il
-694
~
Pr:;rr:ti;;-;;c;;ptrf;o;-;H;-b;;;:::
intrabudgetary transactions
2,461
''"?,
Veterans benefits and services
'"'"'
'-"i
^
'*•""
^°"'
p::p:i':ta;;-;e«;ptTf;o.-the-p:b,-;;;::
Intrabudgetary transactions
'•'ti
^-^
-*
^-^^
'-"i:
-684
'-'IJJ
Income security
Admintst rat ion of justice
'-'M
'-'H
_
-659
p":;::':ta;;-;ece;pt:-f;;™-th;-;:^u;;:;
Intrabudgetary transactions
^°"'
'-'"i
-
^^^^^^^^^^^^^^^^^^^^^^^=^==^=^===^==^===^=^=^^:=^:^===^=^=^==^=^^:=-
Health
p;:prr:ta;;-;ec-e;ptrf;:™-th;-;:6i-;;--intrabudgetary transactions
'''.:
-
^"'
-2
'^lXiiry-^^^^[,^ii-\,- ;,[[:::
"?:
September 1981
^^
.FEDERAL FISCAL OPERATIONS
Table FFO-6.
-
Investment Transactions Accounts
i 1 t
Heal th and Hunan fierv ices
in
Federal Securities (Net)
ions of Hollars)
Hous ine and I'rhan Pevelopinent He part men t
Federal
Labor Department
Treasury Bulletin
12
FEDERAL FISCAL OPERATIONS
Table FFO-7. - Truat Funds Transactions
Octobar
1,
1980 thr«««b
July 31, 1901
fin nillions of Hollars)
Receipts
in
trust
Trust
Clasbi f icat ion
(Crubt funds)
mCerfund
and Dro-
Drietary
rece lots
1/
(Xitlays
fiinHs
Receipts of trust
Inter fund
funHs
in
trust
funds
September 1981
13
FEDERAL FISCAL OPERATIONS
Table FFO-8. - Detail of Excise Tax Receipts
fin thousands of dollars)
Quarter ended June
Fiscal year
Type of Tax
Alcohol taxes
1/
Distilled spirits.
Wines
Beer
Fiscal year
1979
Fiscal year
1978
1980
:
3,9^9,566
189,535
1,423,614
5.612.715
:
5,647,924
38,050
2,408,425
4,438
Total alcohol taxes.
Tobacco taxes
Cigars
Cigarettes
Other 2/
3,945,034
198,289
1,504,601
36,225
2,454,829
4,464
X/
,450,913
Total tobacco taxes.
Manufacturers excise taxes :
Gasol ine
Lubricating oil* etc
Tires, tubes, and tread rubber
'
,444,484
105,227
846,313
Passenger automobile chassis, bodies, etc ^/..
Truck and buses, chassis, bodies, etc f*_/
Parts and accessories for automobiles, trucks.
Pistols and revolvers
Fishing rods, creels, etc
Firearms (other than pistols and revolvers)...
Shells and cartridges
Bows and arrows
Black lung, total
Undergound mined coal - 30c
Underground mined coal - 27.
Surface mined coal - 25c
Surface mined coal - 27.
Fue 1 economy 5/
Other 6/
4,525,065
108,647
878,283
77
V
-38
965,486
223,721
17,537
30,418
43,184
28,214
817,228
181,474
15,223
28,351
34,499
23,543
6,794
32,464
5,039
232,056
6,555,681
Total manufacturers' excise taxes.
Special fuels taxes :
Noncommercial aviation gasoline 7_/
Noncommercial aviation fuel other than gasoline ^/.
Diesel and special motor fuels
Inland waterway fuel 9^/
Other 6/
7,057,612
10,954
31,289
481,427
10,720
35,920
506,651
523,677
Total special taxes:
Miscellaneous excise taxes
Telephone and teletypewriter exchange service 10/
Transportation of:
Persons by air 11 /
Piwperty by air 1^/
Dse of International air travel facilities 13/.
Coin-operated gaming devices 1^ /
Wagering occupational tax
Ua
ager
Use tax on civil aircraft 15 /
Use tax on highway motor vehicles having a "taxable gross
weight" exceeding 26,000 pounds
Firearms transfer and occupational taxes
Foreign insurance
Exempt organizations, total
Net investment income 16/
Self dealing
Excess business holding 18/
Taxable expenditures 1^/
Failure to timely file certain Information returns 20 /
Failure to distribute Income ^i./
Investments which jeopardize charitable purposes 22 /
Employee pension plans, total
Excess contributions to an IRA 23/
Tax on underdlstrlbutlons from an IRA 24 /
Prohibited transactions 25/
Tax on excess contributions to an HR-10 Plan 23 /
Failure to meet funding standards 26 /
Tax on excess contributions to custodial accounts ^/
Failure to file registration statnent (IRC 6652 (e) (D)
Failure to file notification of change (IRC 6652 (c) (2))
Failure to file statement required by section 6047 or 6058 (IRC6652f)
Failure to furnish Individual statement (IRC 6690)
Failure to furnish individual statement (IRC 6692)
Failure to provide IRA reports (IRC 6693)
Grass roots excess expenditures over nontaxable amount 21_/
Lobbying expenditures over non-taxable amount 2_7/
Black lung benefit trusts, total
:
.
.
W
1,656,736
1,362,193
1,110,613
64,001
70,488
7,300
1,048
6,637
22,609
1,272,003
79,009
74,644
4,867
908
9,124
27,741
237,603
251,793
704
728
51,909
92,419
83,950
6,110
69,261
68,567
65,217
*
79
1.014
1,265
2
3
2,990
2,409
2,050
990
46
298
116
279
18
157
61
261
3
11
10
Other 6/
Total Federal tax deposits, amounts received with returns and
subsequent payments
Unclassified excise taxes 29/.
Total excise taxes
18
51
25
306
Windfall profit tax 23/
Total miscellaneous excise taxes
34
24
130
1,653
1,306
2
3,325,780
18,468,767
196,182
18,664,949
14
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Footnotes to Table FFO-8
Source:
Internal Revenue Service reports. TTie figures shown
Include
collections for credit to special accounts for certain island
possessions.
Floor stock taxes are Included with the related
classes of tax.
Note:
Detail may not add to totals because of rounding.
1/ Releases showing details are published quarterly.
Includes taxes on cigarette papers and tubes and miscellaneous
2/
tobacco
collections.
3/ Effective January 1,1981, tax rate on new tires reduced from
10 cents
a pound to 9.75 cents a pound; other tires reduced
from 5 cents a pound
to 4.875 cents a pound (P.L. 96-596).
Taxes on passenger automobiles and light trucks repealed
December 11,
1971 under the Revenue Act of 1971.
These data reflect refunds
5/
^""^ "^° automobiles range from $200 (less
than 15 MPG) to
It?„7"^
''"'^^ "°e« «^"°' 5200 (less than 17 M.P.G.)
L'J-.l-f,"'"''™''^'"'''
to $65<r(les> tins 13 M.P.G.).
Includes taxes on items whlch'were repealed by V".ibllc
Laws 87-45* '
88-36, and 89-44, 91-513, 93-490, and 94-455.
11 Under the Airport and Airway Revenue Act of 1970, effective July 1
1970 rate 3 cents per gallon.
'
Expired September 30, 1980.
8/ Under the Airport and Airway Revenue Act
of 1970, effective July 1
1970 rate 7 cents per gallon.
Expired September 30, 1980.
11 Tax of 4 cents per gallon, effective October I, 1980 (P
L 95-502)
10/
°^
?"""' effective January 1, 1978; 3 percent January I,
?o^o and
t
1979;
2 percent January 1, 1980.
(Public Uw 91-614). Rate of 2
percent extented through 1981 by P.L. 96-499.
U/ Under the Airport and Airway Revenue Act of 1970,
effective July I
1970, rate Increased from 5 to 8 percent on domestic
airline passenger
reduced back to 5 percent, effective October
I, 1980.
..
1-,,
,, I"'
Under the Airport and Airway Revenue Act
12/
of 1970, effective July I
'
1970, rate 5 percent.
Expired September 30, 1980.
Under the Airport and Airway Revenue Act
of 1970, effective July I
1970, tax of $3.00 per person.
Expired September 30, 1980.
'
"
14/
Repealed effective June 30, 1980, by the Revenue
Act of 1978 (P L 95-600)
J oou;.
.
Expired effective September 30, 1980.
Tax of 2 percent on net investment Income.
Reduced from 4 percent
effective for taxable years beginning after
September 30, 1977
(Public Law 95-600).
Disqualified persons, 5 percent of amount involved;
foundation
>
16/
17/
°' ''°-°!]° " ''''
" "" corrected
7^7Z' 200 percent on disqualified """"'• and lesser of
90 days, \Z""
person
.
within
$10,000 or
30 percent on foundation manager.
Foundation, 5 percent of excess holdings.
If not corrected within 90
days, 200 percent.
19/ Foundation
10 percent of improper expenditure; foundation manager.
lesser of $5 000 or 2-1/* percent.
If not corrected within 90 dais,
foundation, 100 percent; foundation manager,
lesser of $10,000 or
50 percent.
20/
Penalty of $10 per day, not to exceed $5,000.
21/ Foundation, 15 percent of amount which
should have been paid out.
If
not corrected within 90 days, 100 perfent.
An initial tax of 57. Imposed on investments
which jeopardize
foundations exempt purpose (Code Sec. 4944), 57.
(not to exceed $5000)
on managers (If applicable) or second
level tax of 257. (57. on managers)
It jeopardy situation continues.
23/ Tax of 6 percent on excess amount.
24/ Tax of 50 percent on underdlstrlbutlon.
25/
P"«nt of prohibited
Ir/* ' additional 100 percent transaction. If not corrected within
90 days
tax can be imposed.
26/ Tax of 5 percent on accumulated funding
deficiency.
27/
257, of taxable lobbying expenditures.
28/ Tax on the windfall profit from domestically
produced oil at rates
from 30 percent to 70 percent, effective March
I, 1980
29/
Contains, amount other items, amounts paid
into depositaries but not yet
classified into excise detail from tax returns
filed.
FYs 1980 and
1981 data primarily reflect windfall profit tax
amounts.
Less than $500,000.
r
Revised.
n.a.
Not available.
18/
s
.
s
)
.
13
September 1981
FEDERAL OBLIGATIONS
"Obligations" are the basis on which the use of funds
16
Thev are recorded
controlled in the Federal government.
at Che poiQt at which the Government maVes a firm coramitmenC
to acquire goods or services
event6--order
key
characterize
and arc the
and
acquisition
the
general,
services
received
of orders
they consist
and
,
similar
of the four
first
consumption
payment,
delivery,
,
resources.
of
use
placed,
— which
transactions
requiring
the
disbursement of money.
strategic
point
on
represents
in
for
which
the
and
business
employment
impact
firms
the
investment
of
labor.
of
order
itself usually causes
'
frequently
Government
,
includ ing
inventory
Disbursements may not
immediate
its
order but
pressure on the
private economy
as
services
are
Items
Federal
another;
agencies
obi igat ions
firms
and
doing
so,
in
"buying"
"performing"
records
agency
records
agency
obligations
FO-1,
Table
In
often do business with one
the
the
and
,
are
that
incurred within the Government are distinguished from those
incurred
outside
the
Government.
Tables
and
FO-2
3
show
only those incurred outside.
Obligation
data
the
for
budget
administrative
accounts were first published in the September
l<»67
fund
Treasury
Bulletin and the trust fund accounts were first published in
the
October
Bulletin,
l^^b?
Beginning with
Bulletin.
the
April
1968
the data are on the basis of the budget concepts
adopted pursuant
Obligations are classified according to a uniform set
reported
personal
the
used in current operations or in the construction of capital
commitment
since
occur for months after the Government places
the
Government
the
it
economy,
national
business
stimulates
purchases
gauging the
a
whether
compensation,
reimbursements.
The obligaCional stage of Government transactions is
operations
personnel
are
example,
for
wages,
and
salaries
for
In
contracts awarded,
All payments
action without regard to its ultimate purpose.
Co
the
recorranendations of
the President's
Commission on Budget Concepts.
of categories which are based upon the nature of the trans-
-
Table FO-1.
Gross Obligations Incurred Within and Outside the Federal Government
by Object Class. April 30. 1981
(In millione of dollars)
Gro
s
obligations incurred
Obiecc class
Personal services and benefits
Personnel compensat ion
Personnel benefits
Benefits for former personnel
45,656
4,632
8,957
45,656
500
8,957
Contractual services and supplies
Travel and transportation of persons.
Transportation of things
and utilities..
Rent, comnunicat ions
Printing and reproduction
Other services
Supplies and materials
44,303
31,303
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
19,838
5,160
24,097
3,585
1,930
73,221
133,406
14,486
6,179
,
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities
Interest and dividends
Refunds
Other
Unvouchered
Undistributed U.S. obligations
Gross obligations incurred 1/
Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without approSummary figures on this basis
priation action by the Congress.
Source:
1,688
1,507
3,290
473
2,104
2,775
6,184
417
1,269
2,893
314
17,685
13,681
787
61,988
44,983
23,421
7,090
24,128
31
29
4,382
79,400
133,435
18,868
361
361
544
1,596
546
3,723
2
2.517
410,004
469,039
presentation and therfore may differ somewhat from the Budget
document
.
~
follow.
(This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
Gross obligations incurred (as above)
Deduct;
Advances, reimbursements, other income, etc
Offsetting receipts
Net obligation incurred
469,039
-86,849
-45,815
336,375
Treasury Bulletin
16
FEDERAL OBLIGATIONS
Table FO-2. - Gross Obligations Incurred Outside
the Federal Government
by Department or Agency, April 30, 1981
(In millions of dollars)
Personal services
Classification
&
benefits
Contractual services and supplies
17
September 1981
FEDERAL OBLIGATIONS
Table
FO-2.
-
Gross Obligations Incurred Outside the Federal Government
by Department or
Agency, April 30, 1981
-
Continued
(In milLions of dollars)
Grants and fixed charges
ClassL f icat ion
18
Treasury Bulletin
FEDERAL OBLIGATIONS
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Month
Comparable
period
object class
July
Apr.
BatiooaL defense:
Personal services and benefits:
Personnel compensation
Personnel benefits
Benefits for former personnel
Contractual services and supplies:
Travel and transportation of persons
Transportation of things
Rent, coamunication, and utilities
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Lands and structures
Investments and loans
Grants and fixed charges:
Grants, subsidies, and contributions
Insurance, claims and indemnities
Interest and dividends
May
3,735
3,784
80
I,0!4
77
1,013
201
209
68
39
3,085
3,136
2,751
3,6<*fl
4,085
3,62fi
4,172
4,674
83
1,015
92
1,020
72
-72
1,112
133
4
1,024
1,106
4,004
1,108
166
205
288
131
17
134
161
254
273
188
143
173
227
31
29
36
116
198
150
26
2,063
3,112
2,038
2,851
2,669
2,974
2,389
2,145
2,722
450
2,256
999
2,201
77
321
3,889
422
2,629
270
2,249
199
-14
24
Apr.
36
38
-148
228
48
3,588
4,110
86
207
51
32
6,667
4,312
3,629
2,503
2*25**
344555
147
9
7
8
8
8
25
13
3
3
1
2
3
2
3
3
2
4
*
16
22
25
47
-
_
_
_
IP
5ft
20
14,397
13,731
12,777
12,528
12,311
17,480
20,579
14,132
Re fund s
Other:
Undistributed U.S. obligations
Unvouchered
Total national defense
Non-defense
Personal services and benefits:
Personnel compensation
Personnel benefits
Benefits for former personnel
Contractual services and supplies:
Travel and transportation of persons
Transportation of things
Rent, conmunications, and utilities
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Lands and structures
Investment and loans
Grants and fixed charges:
Grants, subsidies and contributions
Insurance claims and idemnities
Interest and dividends
Refunds
Others:
Undistributed U.S. obligations
Unvouchered
43
-^^^^^^^^^^^^^^^^^^^^^^—.^-^^^—^^^^-^—^^—^^^^-^^^—
:
Total non-defense
Grand total
2,231
2,247
-
-
134
-233
94
50
210
70
2,097
940
_____
2,213
2,459
2,136
2,374
2,211
2,104
96
197
138
11,293
630
160
99
97
58
102
70
90
65
105
59
152
-14
203
131
20'1
64
1,895
553
51
58
]S
203
84
61
192
5^
2,210
2,036
570
459
2,<)39
785
860
2,171
1,691
2,059
868
427
121
631
229
438
3,021
611
8]
82
87
j
92
41
3,046
200
466
3,99 3
4,526
445
3,92 7
!5,845
18,146
5,054
546
31,696
18,795
4,894
6,469
24,985
7,210
11,191
84
6,710
20,187
13,366
-384
81
90
92
414
719
1,054
97
-913
9
10
14
15
II
34
47
36
169
41,439
38,720
47,685
50,168
48,182
78,105
50,472
26,148
55,836
52,451
60,462
62,6'»6
60,493
95,584
71,051
40,280
150
161
159
118
530
3,283
367
3,!60
438
2,687
371
9,665
15,732
4,95 7
13,748
15,911
8,584
337
8,184
16,339
3,040
216
950
4,513
828
92
4,07«
Fiscal
year
to date
FY 1980
September 1981
19
ACCOUNT OF THE
U.S.
TREASURY
Source and Availability of the Balance in the Account of the U.S. Treasury
The operating cash of the Treasury is maintained in
Treasury's accounts with the Federal Reserve banks and branthe
As
the balances in
ches and in tax loan accounts.
accounts at the Federal Reserve Banks become depleted, they
by calling in (Withdrawing) funds from thousands
are restored
of financial institutions throughout the country authorized
to maintain tax and loan accounts.
Under authority of P.L. 95-147, the Treaaury implemented
a portion of its
to invest
2, 1978,
a program on November
operating cash in obligations of depositaries maintaining tax
and loan accounts. Under the Treasury Tax and Loan investment
institutions select the manner
program, depositary financial
Depositaries
in whiclt they will participate in the program.
loan
that wish to retain funds deposited in their tax and
obligations participate under
accounts in interest-bearing
funds
the Note Option; depositaries that wish to remit the
Reserve banks particto the Treasury's account at Federal
ipate under the Remittance Option.
V
Table UST-1.
-
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
financial
all financial institutions whereby customers of
institutions deposit with them tax payments and funds for
In most
cases
the
purchase of Government securities.
the
transfer of funds from a
transac tion involves merely the
same
the tax and loa*i account in the
customer's account to
financial institution. On occasions, to the extent authorized by the Treasvjry, financial institutions are permitted
proceeds from subscriptions to
to deposit in these accounts
public debt securities entered for their own account as well
as for the accounts of their customers.
The tax and loan system permits the Treasury 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 institution reserves and the economy.
Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury Bulletin
20
.ACCOUNT OF THE
Table UST-2.
-
Elements of Changes
U.S.
in Federal Reserve
TREASURY.
and Tax and Loan Note Account Balances
(In millions of dollars)
.
September 1981
21
.
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars txcept ounces)
Gold assets
1/
Cold liabilities
Balance of gold in
U.S. Treasury account
End of calendar year or month
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
275,968,413.1
274,705,260.3
274,679,167.8
I'Se?
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
I'SSO-Aug.
Sent
Oct.
Nov.
Dec.
1981- Jan.
.
Feb.
Mar..
Apr.
May..
June.
July.
Aug
.
.
10,367
10,367
10,732
10,132
10,41U
11,567 3/
11,652
11,599
11,598
277,544,111.9
276,420,310.8
264,601,798.2
1968
11,719
11,671
264,591 ,087.0
264,514 ,378.8
264,384 ,640.1
264,354,,317.0
264,318,,385.8
264,299, 249.2
264,220,,521.9
264,184, 399.4
264,166, 565.4
264,166, 547.3
264,167 693.7
264,168, 053.8
264,168 047.8
Source:
Daily Treasury Statement through June 1974, Bureau of Government
Financial Operations thereafter.
Treasury gold stock which excludes gold held by the Exchange Stabili1^/
zation Fund (ESF).
See "International Financial Statistics," Table
IFS-1.
Consists of: Gold certificates fund-Federal Reserve System; gold
2/
deposited by and held for the International Monetary Fund from September 19, 1965, through February 15, 1972; redemption fund for Federal Reserve notes until March 18, 1968, when it was combined with the
gold certificate fund pursuant to P,L. 90-269, approved March 18,
y
11,172
11,172
1
1
f'S
, 1
11,163
11,162
11,160
11,159
11,156
11,154
11,154
11,154
10,2 56
10,256
10,623
10,019
10,303
10,460
11,652
11,599
11,598
111
112
109
113
107
107
11,719
11,671
11,112
11,172
11,168
11,163
11,162
11,160
11,159
11,156
11,154
U,154
11,154
54
U,I54
11,154
11,154
11,154
1 1
,
1
1 1
,
1
54
1968, and gold reserve against U.S. notes until March 18, 1968, when
It was transferred to the public debt also pursuant to P.L. 90-269
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972.
The increment amounted to
$322 million.
Gold assets were valued at $38 per fine troy ounce until October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973.
The increment amounted to
$1,157 million.
.
22
Treasury Bulletin
.MONETARY STATISTICS.
Table MS-1.
-
Currency and Coin
in Circulation
(In millions of dollars except per
capita flguresl
End of
fiscal year
or month
1971.
1972.
1973.
1974.
1975.
1976.
T.O..
1977.
1978.
1979.
1980.
Currencies no longer issued
Federal
Reserve
bank
National
bank
notes
54
20
53
52
20
20
20
20
20
20
20
20
20
20
51
50
50
48
48
48
1980-July.
Aug..
Sept.
Oct.
Nov...
.
Dec.
.
1981-Jan...
Feb...
Mar..
Apr.
May...
June.
.
July..
48
48
48
43
48
48
48
48
48
48
48
48
48
20
19
20
20
Gold
certificates
y
Silver
certificates
218
215
213
212
211
210
209
208
207
207
20&
206
206
206
20b
I'i
!
206
jOb
I'l
206
206
206
19
19
19
19
205
205
205
205
Federal
Reserve
notes 2/
Currencies Presently
being issued
Treasury
notes of
1890
Uni ted
States
notes
321
September 1981
23
FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal
Debt
Treasury Bulletin
2^
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
End of
fiscal year
Total
interestbearing
public
debt
Marke table
Bill
1/
Treasury
notes
NonmarkeLabLe
Treasury
U.S.
bonds
savings
bonds
1977
1978
1979
425,360
456,353
473,238
532,122
619,254
633,560
697,629
766,971
819,007
257,202
262,971
266,575
315,606
392,581
407,663
443,508
485,155
506,693
94,648
100,061
105,019
128,569
161,198
161,505
156,091
160,936
161,378
113,419
117,840
128,419
150,257
191,758
206,319
241,692
267,865
274,242
49,135
45,071
33,137
36,779
39,626
39,839
45,724
56,355
71,073
168,158
193,382
206,663
216,516
226,673
225,897
254,121
281,816
312,314
55,921
59,418
61,921
65,482
69,733
70,752
75,411
79,798
80,440
1980
906,402
594,506
199,832
310,903
83,772
311,896
72,727
1980- Aug.
Sept,
Oct.
Nov.
888,733
906,402
906,948
909,371
928,912
583,419
594,506
599,406
605,381
623,186
199,306
199,832
202,309
83,861
83,772
85,170
85,541
85,44?
305,314
311,896
307,542
303,989
305,726
72
72
72
208,721
216,104
300,251
310,903
311,927
311,119
321,634
929,825
946,455
963,207
962,779
964,792
969,921
972,053
628,482
642,905
661,142
657,906
656,185
660,769
666,405
»W,920
673,765
220,423
228,972
235,315
225,849
224,514
218,786
217,532
219,854
321,176
324,540
336,505
341,052
338,419
348,788
354.005
357,603
86,883
89,393
89,323
91,006
93,252
93,196
94,868
96,308
301,343
303,550
302,065
304,873
308,608
309,152
305,647
305.155
1972
1973
197^1
1975
1976
T.Q
Dec.
1981-Ail
.
Feb.
Mar.
Apr.
May.,
June,
July.
Aug,
25
September 1981
.FEDERAL DEBT.
Table FD-4.
-
Government Account Series
(In millions of dQllars)
End of
fiscal year
or month
Treasury Bulletin
26
.FEDERAL DEBTTable FD-5.
-
Interest-Bearing Securities Issued by
Government Agencies
(In millions of dollars)
Housing and Urban
Development
Department
Defense
Department
End of
fiscal year
or month
Other independent agencies
Total
wount
Qutjy^sndin.
Federal
Housing
Administration
Fapiily twju^vty
and homeowner
assistance
10,894
11,109
12,012
10,943
11,433
11,678
10,298
8,881
7,232
T.i)
1977
1978
1979
,1980-.
1980-juiy
Aug.
Sept
Oct.
Nov.
Dec'.
1981-Jan..
Feb..
Mar^
Xpr.
May..
June.
July
495
490
486
477
600
591
576
566
556
546
536
476
468
464
459
449
448
443
1,819
2,221
2,894
2,593
3,174
3,591
2,»58
2,141
933
690
674
661
648
629
596
585
547
535
250
522
250
504
490
468
1,855
2,255
2,696
2,075
2,075
1,975
1,825
1,825
1,725
661
2,B42
2,842
2,842
2,842
2,842
2,817
2,817
2,817
2,817
2,775
2,775
2,715
2,715
516
508
651
641
636
631
610
Tennessee
Valley
Author i ty
Postal
Service
2,842
581
578
579
601
551
6(>1
6,399
6,370
6,300
6,261
6,176
6,139
Federal
Home Loan
Bank Board
4,290
4,480
4,370
4,260
4,180
4,145
3,768
3,166
3,004
641
6,685
6,651
6,616
6,592
6,564
6,476
6.455
Expor C-Impor t
Bank of the
United States
Association
454
412
408
487
1,588
1,484
1,382
1,276
1,171
1,136
1,016
897
767
6,616
1972
1973
1974
1975
1976
Governmei
^la t ional
Mor tage
250
250
5
2
5
2
50
50
250
250
250
250
250
250
10
50
2
1,725
230
2
1,785
1,725
1,725
1,725
1,725
50
250
250
2
50
250
250
250
2
1,725
1,725
1,725
1,725
1,725
1,725
1,725
1,725
50
Memorandum - Interee t-bearine
securities of non-Government agencies 2/
£nd of
fiscal ye^r
or month
Banks for
cooperatives
Federal home
loan banks
3/
Federal
intermediate
credit banks
Federal
land
banks
3/
Farm
credit
banks
Federal
National
Mortgage
Association
5/
1972..
1973..
1974..
1975..
1976..
T.O...
1977..
1978..
1979..
1980.
1980-July.
Aug..
Sept.
Oct..
Nov.
Dec...
1981-Jan..
Feb..
Mar..
Apr.
May..,
June
July.
1,805
2,338
2,475
2,896
3,694
3,901
4,061
4,317
785
584
7,843
12,149
18,622
19,390
19,111
19,206
27,443
45)513
6,188
6,673
7,995
9,497
10,298
10,791
11,693
11,555
2,676
7,393
9,058
11,067
14,192
10,060
16,566
18,719
20,198
17,075
2 1
,
2
50
54,101
1,821
12,765
584
584
584
584
584
584
53,143
52,939
54,101
56,318
56,906
58,782
1,821
1,821
1,821
1,821
1,821
1,821
12,765
12,765
12,765
12,365
12,365
12,365
584
584
584
59,460
59,976
61,430
1,388
1,388
1,338
11.507
11,507
11,507
220
220
62,105
65,253
67,791
70,823
1,388
1,388
1,388
1,388
10,583
10,317
220
220
10,583
10,583
6/
District of
Columbia
Stadium
Fund
27
September 1981
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
fin millions of dollars)
Maturitv classes
End of
fiscal year
or month
Amount
outstanding
privately
held
5-10
20 years
years
and over
Within
1
year
years
57,157
54,139
50,103
65,852
89,151
94,845
113,319
132,993
127,574
156,244
16,03
16,385
14,197
15,385
24,169
31,247
33,067
33,500
32,279
11, 1X1
1
5
3
38,809
18,489
25,901
20,304
22,679
3
149,2 15
150,764
156,244
156,712
154,424
159,585
39,426
35,652
38,809
38,747
38,021
41,175
23,682
25,948
25,901
27,338
27,266
27,250
23,826
22,722
22,679
22,702
24,657
24,587
yrs.
yrs.
yrs.
3 yrs.
3 yrs.
3 yrs.
156,845
160,163
167,226
167,570
167,865
172,784
171,504
43,969
43,382
46,786
49,616
43,842
47,032
50,242
27,241
28,690
28,662
28,587
30,296
30,268
30,172
26,235
26,936
26,918
28,685
28,953
28,952
30,553
yrs.
yrs.
yrs.
3 yrs.
3 yrs.
3 yrs
4 yrs.
1971
1972
1973
1974
1975
1976
210,382
279,792
T.O
294,59'i
1977
1978
1979
326,674
356,501
1980
463,717
84,041
87,150
115,677
151,723
153,203
161,329
163,819
181,883
220,084
1980-July
Aug.
Sept
Oct.
Nov.
446,255
454,063
463,717
467,845
475,365
492,294
210,106
218,977
220,084
222,346
230,987
239,697
502,248
515,178
5SZ,800
528,992
529,057
531,525
533,778
1
247,958
256,007
-
5
Ihl ,861
lb 7, 850
lb4,Afc'
3Sn, 530
Dec.
1981-Jan.
Feb.
Mar.
Apr,
May.
June
July
263,^8
254,533
258,101
252,489
251,307
Sources
Office of Government Financing in the Office of the Secretary.
Beginning with the September 1976 Treasury Bulletin the average length
1/
Table FD-8.
-
6,357
6,3 58
8,741
1
o
,
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
q 30
8,8 57
8,087
7,939
8,428
4
,
80
Average length 1/
3
3
3
2
2
2
2
2
3
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
6 mos.
3
1
11
8
7
9
11
3
7
9
mos.
mo,
mos
mos.
mos.
mos.
mos.
mos.
mos.
mos.
9 mos.
10 mos.
3
3
mos.
mos.
10 mos.
9 mos.
3
9
9
3
9
3
10
9
10
11
3
U
mos,
mos,
mos.
mos.
mos.
mos.
mos.
the interest-bearing marketable public debt is computed on that
part of the outstanding public debt privately held.
of
Debt Subject
to Statutory
Limitation
(In millions of dollars)
Debt outstanding subject to limitation
End of
fiscal year
or month
debt
limit
Interest-bearing debt
subject to limitation
450,000
46 5, 000
495,000
577,000
636,000
6 36,000
700,000
other debt
1/
1972
1973
1974
1975
1976
Public debt
1/
Public debt
Other debt
Non-interest-bearing flebt
subject to limitation
Public debt
2/
Other debt
1/
1977
1978
1979
830,000
428,576
459,089
476,006
534,207
621,556
635,822
699,963
772,691
827.614
1980
925,000
908,723
907,094
1,629
906,402
1,629
691
1980- Aug.
Sept
Oct.
Nov.
Dec.
5,000
925,000
925,000
925,000
935,100
888,733
906,402
906,948
909,371
928,912
1,638
1,629
1,624
1,620
1,611
1,610
1,602
1,599
1,593
1,585
1,582
1,587
4,083
935,100
985,000
985,000
965,000
985,000
985,000
985,000
98 5,000
892,816
907,094
907,582
913,145
929,602
933,466
949,891
963,924
963,419
967,391
970,567
972,643
979,586
1,63ft
1981-Jan..
Feb.
Mar.
894,454
908,723
909,206
914,765
931,213
935,075
951,493
965,523
965,013
969,475
972,150
974,230
981,167
T.O
7<'8,0()()
Apr.
May..
June
July.
Aug.
.
92
425,813
456,697
473.618
532,565
619,820
634,089
698,229
770,935
825,910
2,764
2,392
2,388
1,642
1.736
1,733
1,734
1,756
1,704
Source:
Monthly Statement of the Public Debt of the United States.
Note:
For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury of the State of the Finances for fiscal 1980. For a summary
of legislation of debt limitation under the Second Liberty Bond Ac
and the amounts of limitation, see Table 32 of the Statistical Appendix.
1,629
1,624
1,620
1,611
1,610
1,602
1,599
1,593
1,585
1,582
1,587
1,581
425,360
425,353
473,238
532,122
619,254
633,560
697,629
1,9 39
453
343
380
766,971
819,007
1,567
1,563
1,642
1,736
1,733
1,734
1,756
704
1
825
825
825
443
566
529
600
3,963
6,903
.
929,824
946,455
963,207
962,779
964,792
969,921
972,053
978,920
1,581
691
634
3,774
690
3,642
3,436
717
640
3,098
646
590
666
Adjusted to exclude notes to IMF and other international lending organizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
Consists of guaranteed debt of Government agencies, specified participation" certi ficates
District of Columbia Stadium Bonds and notes
of international lending organizations.
,
29
September 1981
FEDERAL DEBT
The Second Liberty Bond Act
as
provides
amende d,
obligations
and
to
the
amount
principal
shall
not
and
exceed
of
interest
in
beginning on
September 30,
19ai,
the
Public
February
7,
the public
of
act,
guaranteed
United
$600
aE^reeate
the
outstandinE at any time.
that
by
that
of
obligations
Law
<i
7
- 2
1981,
and
debt
limit
The
7')7b).
amount
face
authority
under
issued
face
U.S.C.
(31
the
that
Statue and Application of Statutory Limitation
-
Table FD-9.
as
States,
billion
provides
ending on
shall be
act
provides
of
that
and
interests
302(c)
of
m.
June
amount
participations
the
(Public
lQf.7
face
the
of
issued
qn-J**)
beneficial
under
National
Federal
law
section
Mo rt
,
shall
added
be
to
the
<;
.
amount otherwise taken
in
(In millions of dollars)
Total public debt subiect to limit
Other debt subject to limit:
Guaranteed debt of Government agenc tes
Specified part icipat ion certificates
Total other debt subject to 1 irnit
Total debt subject to limit
Statutory debt
I
irait
Balance of statutory debt limit
into
determining whether the reqtiirements of
the above provisions are met.
account
Part A. - Status Under Limitation, August 31, 1981
Treasury
Federal F inane ing Rank
age
.
temporarily increased by SS8S billion.
Public debt subject to limit:
Publ ic debt outstand ing
Less amounts not subject to limit:
p.
C
1717(c)) during
Association Charter Act (12 "
the fiscal year I9b8 and outstanding at any time
59Sn
Trea,sury Bulletin
30
.FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
gricul ture Department
Afiency
for
End of
fiscal year
International
Developmen t 1
or month
Federal
Financ inj
Bank
Federal
Home Loan
Bank Boar(
Commodi ty
Credit
Corporation
Rural
Electrification
Administration
Secre tary
Farmers
Home
Administration
Programs
2/
1972
1973
1974
1975
1976
T.O
1977
1978
1979
1980....
1980-Aug.
Sept
Oct.
Nov.
Dec.
1981-Jan
.
Feb.
Mar.
Apr.
May.
June
July,
Aug.
3jl,939
34,237
35,434
44,674
53,091
57,374
66,353
85,626
105,931
416
374
327
233
11,501
602
128,825
13,466
22,413
25,884
35,418
48,078
63,836
82,559
126,762
128,825
130,976
133,635
132,988
80,024
82,559
83,903
85,440
87,461
139,147
139,959
14J,933
146,759
143,544
151,011
154,091
153,586
88,500
90,024
94,187
96,489
98,297
100,330
102,844
103,597
1,247
1,534
1,491
Housing and Urban
Development Department
ExportImport
Bank of
Office of the Secretary
the
United
States
Col lege
housing
Urban
renewal
3/
loans
fund
4/
Other
5/
,
31
September 1981
.FEDERAL DEBT.
Footnotes to Table FD-10
Bureau of Government Financial Operations,
Source:
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agenFurther detail may be found in
cies to borrow from the Treasury.
the 1980 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 458-^*64 and the 1980 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages
578-579.
Beginning fiscal 1957, figures include
Includes predecessor agencies.
1/
notes previously issued by the Administrator in connection with informaThe obligation for these notes was assumed by
tional media guaranties.
the Director of the United States Information Agency, pursuant to the
act approved July 18, 1956 (22 U.S.C. 1W2), and the notes together with
others issued for the same purpose are included in "Other"
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund and Rural Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
As of May 1980, the college housing loan program was transferred to
4/
the Department of Education.
Consists of notes issued to borrow for; public facility loans; low
5^/
rent public housing fund; and housing for the elderly or handicapped.
6/ Consists of liabilities taken over by the Association from Che
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721 (d) and also securities transferred
from the Reconstruction Finance Corporation.
2/ Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administration from
September 1968 through December 1969.
,
The Administrator,
General Services Adminis8/ Consists of notes of:
tration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration
Administration); and the Secretary of the Treasury through
May 1964.
International Communication Agency
9/ Cons ists of notes issued by the:
for informational media guaranties (see footnotes)!; Secretary of
(Maritime Administration) for the Federal Ship Mortgage
Commerce
Insurance Fund, fiscal years 1963 through 1967 and Federal Ship Financing
Fund (NOAA) , beginning December 1972; Virgin Island Corporation from
September 1959 through 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 vessles from January 1966 through May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Melroplitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (student loan Insurance fund) from May 1973
through August 1973; Pension Benefit Guarnty Corporation from
September 1974; Federal Railroad Administration, rail service assistance,
beginning January 1976, and regional rail reorganzatior from April 1976;
Bonneville 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;and disaster loan fund (SBA)
beginning July 1981.
10 / Outstanding loans cancelled pursuant to Public Law 93-426 dated
September 30, 1974.
~
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table PDO-1. - Maturity Schedale of Interest-Bearing Marketable Public Debt Securitie
Other than Regular Weekly and 62-Week Treasury Bills Outstanding
August 31, 1981
33
September 1981
PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Bills
(^-lounLs
Ma t
u r
date
Number of
Havh to
natur it v
in
nillions uf Holldrt.!
Amount of
hirtb
J
/
tenHi^reH
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-2.
tntdl
^idt. acCL-pl'-''^
-
Offerings of Bills - Continued
'^n
conpot iCivc HiHs accepLe
Prico pcr
Ruguldr weekly
buD'^rt.-rt
Equivalent rate i/
September 1981
35
PUBLIC DEBT OPERATIONS
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
{
r^ul
I
ar rimunnt
s
Anuunt
of biHs
Issue
date
Hatf
"tatur
1
1
y
Bills
1/
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-3. -
New Money Financing through Regular Weekly Treasury
1
Hl'sc
fi^vs
d.M.-
1
Inr
;jrT'oijnl s
n ni lo
'<.<
to
^cr,-H
Bills
U
-
Continued
September 1981
37
PUBLIC DEBT OPERATIONS!
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Treasury Bulletin
38
.PUBLIC DEBT OPERATIONS.
Table PDO-4.
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
Ho
1
I ii
r
amount
b
in
AnoLint of siiS-
DaCc subscrLpC Ion books
closed or
tenders received
11/23/80
11/26/30
12/02/80
12/0J/80
12/16/80
12/18/80
12/2J/80
12/23/80
12/30/80
12/30/80
1/06/81
1/21/81
1/22/81
2/03/81
2/04/81
2/0J/81
2/18/81
2/19/81
2/24/81
2/26/81
3/04/81
3/18/81
3/19/81
3/24/81
3/2i/ai
3/26/81
3/31/81
4/16/81
4/22/81
i/05/81
i/C6/81
i/07/81
i/14/81
i/20/81
i/28/81
6/02/81
6/03/81
6/11/81
6/18/81
6/23/81
6/23/81
6/30/81
7/09/81
7/22/81
7/31/81
8/04/81
8/Oi/ai
8/06/81
8/07/81
S/20/81
8/2 7/Rl
8/28/81
9/02/81
9/03/81
Issue
date
Rescription of securities
1/
Period to final
mattintv
(year, months,
davs)
12/1/80
.'/
scriDtlons tendered
Amount
issued
t/
Al lot-
For
In
cash
4/
exchange
rat lo
1
.
.
59
September 1981
PUBLIC DEBT OPERATIONS
Footnotes to Table
Sourte:
BufL-au of the Public Debt.
Note;
All iiecurLttes except EA & KO noteb were sold at auction
through competitive and noncompetitive hiHdine.
1/ For hill issues, always sold at auction, the rate shown is the
equivalent average rate (bank discount basis) of accented bids.
Other securities issued at par except those sold at auction.
F
details of bill offerings see Table Pno-2.
From date of additional issue ?n case of
reopening
II
issued Is in addition to the amount of
it In reopenings the a
original offerings
A/ For securities exchanged for the new issues see Table PnO-7.
3/ Yields accepted ranged
rooi 9.031 (price 99.923) up to 9.071 (price
99.820) with the averag. at 9.06J (price 99.843).
ranged rom 100.07 (yield 8.99%) down to 99.96
fa/ Prices accepted
(yield 9.01%) with the iverage at 100.00 (yield 9.007).
7/ Prices accepted ranged
rom 102.36 (yield 8.89») down to 101.99
(yield S.9J?) with the
erage at 102.13 (yield 8.92%).
8/ Yields accepted ranged
om 9.60%. (price 100.043) up to 9.667 (pric
99.938) with the averag. at 9.63% (price 99.933).
om 9.23% (price 99.997) up to 9.27% (price
9/ Yields accepted ranged
99.848) with the averagi at 9.25% (price 99.922).
10/ Yields accepted ranged
rom 10.20% (price 99.869) up to 10.22%
(price 99.8J4) with the average at 10.21% (price 99.831).
1
/ Yields accepted ranged
rom 9.73% (price 100.000) up to 9.81% (pric
99.80b) with the averag. at 9.79% (price 99.871).
12/ Yields accepted ranged
rom 10.10
(price 100.133) up to 10.25%
(price 99.01 J) with the average a
10.17% (price 99.620).
rom 12.33
J/ Yields accepted ranged
(price 100.129) up to 12.697
12.66% (price 99.940).
(price 99.888) with the average
14/ Yields accepted ranged
rom 11.62% (price 100.014) up to 11.647
(price 99.9i8) with the average a
11.647 (price 99.958).
ib i Yields accepted ranged
rom 10.70% (price 100.303) up to 10.79%
(price 99.739) with the average at 10.737 (price 100. 000).
16/ Yields accepted ranged
rom 10.39% (price 99.863) up to 10.48%
(price 99.043) with the average at 10.447 (price 99.407).
17/ Yields accepted ranged
rom 12.18% (price 99.903) up to 12.267
(price 99.7h7) with the
12.247 (price 99.801).
18 / Yields accepted ranged
rom 10.28% (price 100.389) up to 10.49%
(price 99.332) with the average at 10.407 (price 99.898).
19/ Yields accepted ranged
rom 11.42% (price 99.922) up to 11.447
11.43% (price 99.904).
(price 99.887) with the average a
20 / Yields accepted ranged
rom 10.39% (price 100.333) up to 10.60%
(price 99.b81) with the average at 10.527 (price 99.936).
21/ Yields accepted ranged
rom 10.38% (price 99.332) up to 10.61%
(price 99.130) with the average at 10.60% (price 99.204).
111 Yields accepted ranged
rom 11.50% (price 100.000) up to 11.33%
(price 99.948) with the
erage a
11.32% (price 99.963).
rom 11.87% (price 100.014) up to 12.00%
23/ Yields accepted ranged
(price 99.631) with the average at 11.98% (price 99.707).
24/ Yields accepted ranged
11.98% (price 99.932) up to 12.057
(price 99.399) with the average at 12.02% (price 99.742).
23 / Yields accepted ranged
rom 11.78% (price 99.734) up to 11.87%
(price 99.021 with the average at 11.84% (price 99.264).
26/ Yields accepted ranged
13.91% (price 99.941) up to 14.00%
(price 99.788) with the average at 13.98% (price 99.822).
2 7/ Yields accepted ranged
rom 14.20% (price 100.443) up to 14.507
(price 99.3631 with the average at 14.397 (price 99.738).
28/ Yields accepted ranged
rom 14.94% (price 100. lOl) up to 13.07%
(price 99.883) with the
erage at 15.01% (price 99.983).
29/ Yields accepted ranged
rom 14.20% (price 100.149) up to 14.33'
(price 99.763) with the
erage at 14.297 (price 99.881).
30/ Yields accepted ranged
rom 12.60% (price 100.092) op to 12.72%
(price 99.293) with the average at 12.69% (price 99.492).
31/ Yields accepted ranged
rom 11.41% (price 99.939) up to 11.46%
11.44% (price 99.887).
(price 99.832) with the
32/ Yields accepted ranged "rom 9.28% (price 99.816) up to 9.33% (price
99.623) with the averag at 9.327 (price 99.706).
iil Price accepted ranged f om 106.10 (yield 9.757) down to 104.84
(yield 9.93J) with the jverage at 105.277 (yield 9.88%).
34/ Yields accepted ranged rom 10.08% (price 99.248) up to 10.187
(price 98.322) with the average at 10.12% (price 98.876).
33/ Yields accepted ranged
rom 9.29% (price 100.151) up to 9.407 (pric
99.936) with the averag at 9.37% (price 100.009).
36/ Yields accepted ranged
rom 9.56% (price 100.177) up to 9.697
(price 99.634) with the average at 9.66% (price 99.775).
37/ Yields accepted rang
om 8.53% (price 100.133) up to 8.63% (pric
99.933) with the
'erage at 8.63% (price 99.991).
38/ Yield
accepted ranged
om 8.94% (price 99.783) up to 9.017 (price
99.333) with the averag at 8.997 (price 99.621).
39/ Yields accepted ranged
om 10.40% (price 99.813) up to 10.447
(price 99.313) with the average at 10.42% (price 99.664).
40/ Yields accepted ranged
om 8.92% (price 99.919) up to 9.00% (price
99.776) with the averag at 8.977 (price 99.830).
41/ Yields accepted ranged
om 9.85% (price 99.955) up to 9.90% (price
99.818) with the averag at 9.88% (price 99.873).
42/ Yields accepted ranged
om 10.73% (price 100.121) up to 10.857
(price 99.399) with the iverage at 10.81% (price 99.639).
43/ Prices accepted ranged
om 97.40 (yield 10.66%) down to 96.18
(yield 10.30%) with the iverage at 96.91 (yield 10.71%).
44/ Yields accepted ranged irom ii.in/. (price •»'».-»'/.4/ up to 11.267
iieius accepieu rangeu
om 11.18% iprice 99.904)
(price 99.763) with the average at 11.24% (price 99.799).
'
1
.,
,
)
•
i
PDO-4
45/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78%
(price 99.759) with the average at 11.767 (price 99.835).
46/ Yields accepted ranged from 11.857 (price 100.043) up to 11.96%
(price 99.833) with the average at 11.937 (price 99.905).
47/ Yields accented ranged from 12.05% (price 100.233) up to 12.137
(price 99.923) with the average at 12.13% (price 99.983).
48/ Yields accepted ranged from 11.48% (price 100.088) up to 11.737
(price 98.197) with the average at 11.617 (price 99.171).
49/ As a result of correcting an overstatement by a Federal Reserve Bank
of the amount of noncompetitive tenders received, the total amount
of accented tenders was changed from '14,500 million to S4,315
million.
Neither the average yield nor the amount or range of
impet 1 1 ive tenders was affected.
Yields accepted ranged from 12.19% (price 99.888) up to 12.26%
ill
(price 99.767) with thle average at 12.24% (price 99.801).
yu Yields accepted ranged rom 13.09% (price 100.438) up to 13.40%
(price 99.592) with th average at 13.31% (price 99.837).
rom 12.95% (price 100.276) up to 13.127
ill Yields accented ranged
(price 99.342) with th average at 13.07% (price 99.616).
Yields accepted ranged -rom 12.69% (price 100.461) up to 12.87%
(price 99.090) with thle average at 12.81% (price 99.543).
Yields accepted ranged from 13.91% (price 99.941) up to 14.02%
(price 99.735) with thle average at 13.99% (price 99.805).
Yields accepted ranged from 13.407 (price 100.211) up to 13.54%
{price 99.698) with thle average at 13.52% (price 99.771).
_56/ Yields accepted ranged 'rom 13.13% (price 99.992) up to 15.18%
(price 99.908) with the average at 13.13% (price 99.938).
rom 13.937 (price 100.209) up to 14.06%
57/ Yields accepted ranged
(price 99.821) with the average at 14.03% (price 99.910).
Yields accepted ranged rom 12.38% (price 99.937) up to 12.50%
(price 99.407) with the average at 12.49% (price 99.453).
rom 11.777 (price 99.787) up to 11.84%
_59/ Yields accepted ranged
(price 99.255) with the average at 11.82% (price 99.407).
60/ Yields accepted ranged
rom 13.65% (price 99.958) up to 13.71%
(price 99.836) with the average at 13.69% (price 99.890).
by a Federal Reserve
6_l_/ As a result of correct ng an understatement
Bank of the amount of ompetitive tenders received, the total
amounts of tenders rece ved and accepted were increased by SlOO
million. The average v eld was not affected.
62/ Yields accented ranged rom 13.32% (price 99.809) up to 13.407
(price 99.392) with the average at 13.37% (price 99.673).
rom 100.85 (yield 12.83%) down to 100.25
63/ Prices accepted ranged
(yield 12.947) with the average at 100.50 (yield 12.89%).
rom 100.81 (yield 12.63%) down to 100.26
64 / Prices accented ranged
(vield 17.70%) with the average at 100.43 (yield 12.687).
Yields ranged from 13.9- 1% (price 99.890) up to 14.00% (price 99.789)
!ll'
with the average at 13. 17% (price 99.839).
66/ Yields ranged from 13.7 % (price 99.863) up to 13.747 (price 99.610)
with the average at 13. 9% (price 99.683).
rom 12.61%
price 100.026) up to 12.68%
67/ Yields accepted ranged
2.657 (price 99.957).
(price 99.903) with the average at
68/ Yields accepted ranged from 13.46% price 99.744) up to 13.317
3.49% (price 99.653).
(price 99.953) with the average at
price 99.870) up to 13.26%
69/ Yields accepted ranged from 13.13%
3.217 (price 99.310).
(price 98.963) with the average at
price 100.025) up to 13.39%
_70/ Yields accepted ranged from 13.24%
3.34% (price 99.577).
(price 99.353) with the average at
21/ Yields accepted ranged from 14.35% price 100.253) up to 14.63%
99.781) with the average at 4.51% (price 99.983).
(price
price 99.907) up to 13.82%
_72/ Yields accepted ranged from 15.79%
5.817 (price 99.861)
(price 99.838) with the average at
Yields accepted ranged from 14.447 price 100.312) up to 14.60%
21'
(price 99.482) with the average at 4.56% (price 99.689).
13.83% price 100.177) up to 14.01%
II' Yields accepted ranged from
3.997 (price 99.192)
(price 99.053) with the average at
21' Yields accepted ranged from 15.707 price 99.876) up to 13.747
5.72% (price 99.842).
(price 99.809) with the average at
21' Yields accepted ranged from 13.84% price 100.131) up to 14.02%
3.95% (price 99.720).
(price 99.460) with the average at
14.697 price 99.891) up to 14.74%
21! Yields accepted ranged from
(price 99.807) with the average at 4.727 (price 99.840).
21' Yields accepted ranged from 13.98% price 100.060) up to 14.06%
(price 99.821) with the average at 4.04% (price 99.881).
21' Yields accepted ranged from 13.36% price 100.004) up to 13.497
3.437 (price 99.382).
(price 99.108) with the average at
80 / Yields accepted ranged from 13.95% price 100.199) up to 14.14%
(price 99.369) with the average at 4.07% (price 99.674).
price 99.992) up to 13.93%
SJ_/ Yields accepted ranged from 15.88%
5.92% (price 99.923).
(price 99.876) with the average at
price 99.870) up to 13.97%
82/ Yields accepted ranged from 13.94%
5.967 (once 99.820)
(price 09.795) with the average at
price 99.719) up to 13.027
83/ Yields accepted ranged from 14.93%
(price 9Q.^;621 with the average at 4.987 (price 99.463).
98. 90 ( 'lold 14.00%) down to 9g.46
84/ Prices accented ranged from
(vield 14.087) with the averace at ia.58 (vield 14. 06'').
from 16.207
nrice 100.083) up to 16.287
il' Yields accented ranged
6.267 (price 99.903).
(nricc 99.950) with the average at
price 100.043 un to 16.19%
86/ Yields accepted ranged from 16.05%
6.14% (price 99.733).
(nrice 99.561) with the average at
(.ess than 5500,000.
Prel iminarv.
I
I
W
.
.
T)reasury Bulletin
40
PUBLIC DEBT 0PERATI0N;8
Table PDO-6. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
nate of
Debcription of becurities
September 1981
41
PUBLIC DEBT OPERATIONS
Table PDO-6. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
n«tf of
Hebcription of !.ecuritn!s
-
Continued
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table PDO-6. - Unmatared Marketable Secarities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
nate of
Description of securities
f
inane
mp
1989
9-1/4%
Note
i/li/89-A
4-1/SJ
Bond
5/15/89-94
1I/15/89-B
10- J/4%
1990
8-1/42
Bond
5/15/90
10-J/4J
Note
8/15/90-A
11/15/90-B
131
1991
14-1/Jl
Note
5/15/91-A
14-7/8%
Note
8/15/91-B
1992
7-1/4%
1993
5/15/79
Amount issucH
(in millions)
Average price
per hunrfreH
feet ive
interest
rate
'percent )
F,f
FliRiKle securities cxcbaneeH
September 1981
43
PUBLIC DEBT OPERATIONS
Table PDO-B. - Unmatured Marketable Secnrities Issued at a Premium or Discount
Other than Advance Refunding Operations - Continued
Date of
Description of securities
Treasury Bulletin
44
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - AllotmenU by Investor Classes on Subscriptions for Public Marketable
Securities
Part A. - Other than Bills
i
li
In nillions of dol lars)
Allotments by investor classes
Amount issued
Date of
financing
Description of securities
For
cash
In
exchange
for
other
securi-
U.S. Gov-
erment
accounts
and
Federal
Reserve
banks 2/
Coramer-
cial
banks
3/
Individuals
4/
Insurance
comp
nies
Mutual
sav-
Corporations
Private
pension
ings
5/
and retirement
funds
banks
ties
1/10/80
1/31/80
10-1/2: Bond
11-1/2: Note
2/15/80
11-7/8: Note
12:
Note
11-3/4: Bond
2/15/95
1/31/82-N
1,502
4,082
8/15/83-J
5/15/87-C
2/15/05-10
3,307
2,022
2,003
2/29/80
3/03/80
13-7/8: Note
14-3/8: Note
3/31/80
14-1/4: Note
15:
Note
3/31/84-D
3/31/82-0
2,605
3,572
4/08/80
4/30/80
12-5/8: Bond
11-3/8: Note
5/15/95
4/30/82-R
9-1/4: Note
10-3/4: Note
10:
Bond
8/15/83-K
_8/ll/15/89-B
5/15/05-10
3,670
2,062
2,011
5/31/82-S
8/15/85-E
6/30/80
7/31/80
8/15/80
9/02/80
9/03/80
9/30/80
10/14/80
10/31/80
11/17/80
9-3/8Z
9-5/8:
8-5/8:
8-7/8:
10-3/8:
8-7/8:
-
Note
Note
450
644
4,099
2,719
309
500
309
500
21
43
12
248
32
34
72
7
10
202
59
1,197
1,139
177
335
17
184
397
10
208
96
50
2
11
74
1,479
1,20 7
132
85
32
46
73
1,381
1,371
694
1,773
152
46
40
147
114
«6
82
788
788
1,750
1,000
-_8/ll/15/04-09
11-1/8: Note
11-3/4: Note
8/31/82-V
11/15/85-F
4,557
3,087
570
9/30/82-w
9/30/84-F
11/15/95
10/31/82-X
4,570
3,030
1,482
4,403
550
339
700
504
2,067
76
16
160
2
31
5
70
550
339
2
2
13
16
4
12
102
256
60
r2,149
r201
13
1,173
384
176
62
102
a
25
10
87
7n
1,576
1,057
540
1,405
367
6
47
107
141
5
18
101
32
1
416
in
891
432
500
220
159
365
500
220
159
365
1,111
774
582
1,821
985
188
36
22
43
15-1/8: Note
14:
Note
12/31/82-Z
12/3I/84-H
4,605
3,368
350
252
350
252
1/05/81
1/12/81
2/02/81
12-3/8: Note
11-3/4: Bond
13-5/8: Note
1/15/88-C
2/15/01
1/31/83-M
2,710
4,730
2/17/81
13-1/4: Note
8/13:
Note
7/12-3/4: Bond
8/15/84-J
11/15/90-B
11/15/05-10
3,912
2,638
2,251
4/02/81
4/06/81
4/30/81
5/15/81
6/01/81
15-5/8: Note
6/03/81
13-7/8Z Note
6/30/81
14-5/8: Note
14:
Note
13-3/8: Bond
14:
Note
15-7/8: Note
7/02/81
7/07/81
7/31/81
5/31/83-R
-
11/15/86-:
6/30/83-S
6/30/85-H
8/15/01
7/15/80-E
7/31/83-T
56
122
18
69
147
336
128
245
775
17
1,272
791
13
1,053
r860
1,209
r234
r60
1,227
1,264
1,064
632
6
3
1.067
1,210
476
1,521
1,690
383
44
577
109
22
7
3
17
4
2
180
1
2
15
1
10
1
11
31
2
40
2
15
16
1,013
1,174
_9/rl,02I
492
53
23
26
18
4
1,398
1,120
1,010
2
21
22
3
7
9
7
5
4
6
5
6
7
1
13
10
15
400
400
325
325
700
259
700
259
261
261
681
300
300
681
300
300
1
1
6
494
rl45
12
22
44
1,320
1,342
337
266
15
44
31
29
85
r91
20
10
69
I
5
152
3
8
23
rl32
rl7
5
r238
r20
rl3
18
39
12
11
33
81
7
54
r444
r263
r284
r39
91
22
27
20
71
2
r3ni
rl82
r291
r239
129
151
r3S3
r406
rl02
rIO
rlOO
rl5
r65
14
48
2
la
rl,fl92
rl,233
484
rl,325
rl,901
898
r508
r547
815
3,206
27
45
3
6
19
2
45
19
34
3
94
2
147
160
59
r40
rl4
273
9
5
rl48
rl05
r37
11
64
sa
65
138
212
rll
1
H
a
41
30
12
16
in
27
4
138
2
13
6
*
54
300
112
112
7
3
327
rI13
rl96
rI19
21
30
51
5
6
2
p81
pi
p48
pi, 041
pI40
pI58
plO
pin
o4
p7
49
p62
p63
p91
5
plOI
13
pi
0871
764
195
37
582
_9/r280
538
206
9/r31
772
1,225
898
_9/r545
_9/r252
_9/r46
1,908
1,193
1,175
1,265
939
1,046
l,na2
r350
652
906
rl,656
r718
rl,147
p414
4
716
895
854
1,744
r
1
555
2,173
855
7
r547
300
1,591
1,234
994
1,488
1,452
7
r326
ri.eoi
r689
r784
2
55
817
1,658
6
rl,843
rl,217
750
971
23
*
25
38
34
1,109
1,389
909
rl,719
750
4,352
4,307
3,281
1,753
3,469
4,621
26
18
826
1
7
1,352
r357
1,501
5,012
3,460
4,883
3,527
1,750
2,972
4,325
3,095
1,747
2,002
469
553
2
1,750
1,000
384
5/15/86-D
3/31/83-P
3/31/85-G
5/15/01
4/15/88-D
4/30/83-0
5/15/84-K
5/15/91-A
5/15/06-11
551
1,078
17
12
4,082
2,762
1,500
2/2 8/83-N
732
290
112
11/15/83-L
8/15/90-A
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Bond
1,319
1,179
95
rI86
22
9-7/8: Note
10-3/4: Note
10-3/8: Bond
13-7/8:
13-3/4:
12-5/8:
13-3/8:
13-1/8:
13-1/4:
14-1/2:
15-3/4:
14-1/2:
13-7/8:
1,003
28
22
13
618
3,815
2,443
2,001
4,601
3,188
3/02/81
3/04/81
3/31/81
799
725
7
11
9 76
5/15/84-G
11/15/90-B
11/15/05-10
11/30/82-T
2/15/86-C
12/31/80
903
2
49
691
746
2
90
50
196
r215
r56
700
504
7/
2
1,551
2
other
brokers
12
All
and
Other
funds
66
2,003
r894
13-1/4: Note
13:
Note
12-3/4: Bond
13-7/8: Note
13-1/2: Note
12/01/80
12/08/80
and ret irement
funds
13
26
Dealers
Pension
4
39
a
52
50
3,000
1,300
4,515
3,222
1,504
4,549
-
172
78
459
3,000
1,300
976
6/30/82-T
6/30/84-E
5/15/95
7/31/82-U
Note
Note
Bond
Note
1,083
1,028
435
30
365
Note
Note
Bond
Note
11-7/8:
12-1/8:
11-1/2:
12-1/8:
1
32
446
4,010
3,293
6/04/80
6/05/80
2/28/82-P
5/15/85-D
978
15
295
1,510
1,079
978
450
644
1,503
4,114
5/15/80
653
2,099
State and local
governments 6/
596
_9/r711
9/r540
_9/rl,301
_9/r655
9/r52
_97r346
_9/r764
_9/r754
9/r306
~9/r83
9/rl,412
1,501
9/r869
_9/rl,363
p41
rl,908
r529
p864
P27
p5
pi, 266
pi, 597
9/p910
9/^1,868
6
Vl,kai
_9/pl40
*
Less than S500,000.
Preliminary.
r
Revised.
Source:
Based on subscription and allotment eports.
For detail of
offerings see Table PDO-4
Excludes 1-1/2: Treasury notes issued in exchange to
holders of nonmarketable 2-3/4: Treasury bonds.
Investment Scries B-I975-80
Includes trust funds and accounts that comprise
2/
Government accounts
under the unified budget concept.
Includes trust companies and stock saving banks.
p
U
V
_4/
5/
T/
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of States and local
governments and their agencies.
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country.
Also included are certain Government deposit accounts and
Government-sponsored agencies.
Reopening of earlier issue.
Includes portions to be distributed by investor class.
45
September 1981
_
Table PDO-6.
-
PUBLIC DEBT OPERATIONS
Public Marketable Securities
Allotments by Investor Classes on Subscriptions for
Bills Other than Regular Weekly Series
Part B. (Pollar anonntsiri
Date of
E
inane inR
Date of
maturity
Average
rate
(Percent
Total ai^ount
IssueH
1
Commercial
hanks
Corpo-
Oeal ers
All
rat ions
2/
and
other 3/
1,301
5118
<Q54
206
1,017
796
accounts
FeHeral
Reserve
hanks 1/
anti
52-weel*
series
1/08/80
2/Oi/8n
1/02/81
1/29/81
I
1.040
<
<«57
54,018
brokers
<1793
11.211
3,989
618
1,357
1,003
769
1
,214
433
1,101
,390
J/04/80
2/26/81
13.527
4,(Kn
1
i.nlA
77
14.459
10.440
1
85)
3/26/81
4/23/81
,008
4/Ol/ao
4/29/80
71
1,565
A.nifi
807
598
408
1,071
I
,190
617
*,on5
142
8.341
1,095
b/21/ai
961
i/27/8n
1,111
1
.400
674
4,0<!l
870
1,506
360
1,713
614
6/24/80
7/22/80
8/19/80
6/18/81
7/16/81
8/13/81
7.401
7.669
4,005
825
1,131
8.963
4,009
1,052
1,045
1
,031
1
,031
1,151
69 3
9/16/80
10/14/80
9/10/81
10/08/81
9.967
11.136
4,007
4,009
11/06/80
12/04/80
1/26/81
1/29/81
2/26/81
i/26/81
4/2J/ai
ll/Oi/81
12/03/81
12/31/81
1/28/82
2/2b/82
3/2i/82
4/22/82
12.219
13.261
12.075
13.033
12.801
11.481
12.991
3,963
4,513
5,265
4,684
r4,261
b/21/81
i/20/S2
14.623
4,014
6/18/81
6/17/82
13.146
4,011
7/16/81
7/15/82
13.735
4.011
14.542
4,512
8//13/81
For detail of
Rased on subscription and allotment reports.
offerinB see Table PnO-4.
Oovernment accounts
Includes trust funds and accounts that comprise
under the unified budget concept.
companies.
Exclusive of banks and insurance
Source:
1/
""
2/
8/12/82
4,518
4,684
1
1
,700
000
700
,000
,100
827
198
1.768
497
»71
967
338
762
1,039
1,355
953
r953
22
1,201
1,261
900
1
.561
I
43
1,069
11
1,551
57
27
67
1,758
6?)
1.124
1.671
1 ,776
1,142
,630
1
II
I
,04
,144
1
1
900
1,65»
1°
I
,061
375
18
I
.564
339
,100
oon
I
1,100
r249
530
,000
1.641
1
rl ,71
850
1
1/
~
r
I
I
I
.317
Included with all other investors
accounts and Oovernnent-Roonsored
Covernment accounts,
Revised.
cerliin rovernment deposit
ncies, formerly included with
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public
Marketable Securities
Other tSan Regular Weekly Treasury
Bills
lars amounts millions
Disposition offers
by Treasury 2/
Called or maturing securities 1/
Date of
refunding
or retirement
Issue
date
Description
Amount
outstand ing
Cash
retirement
8/15/79
8/15/79
8/21/79
8/31/79
6-1/41
6-7/8t
7.876J
6-5/8J
Note
Note
Bill
Note
8/15/79-A
8/15/79-J
8/21/79
8/31 /79-T
7.954Z
8-l/2t
6-5/8Z
S4,559
2,989
3.544
3,481
S3, 890
9/18/79
9/30/79
9/30/79
8/15/72
8/16/76
8/22/78
8/31/77
Bill
Note
Note
9/18/79
9/30/79-P
9/30/79-U
3,353
10/01/79
10/16/79
10/31/79
9/19/78
9/04/75
9/30/7 7
1-1/21
8.272Z
7-1/4Z
Note
Bill
2,081
3,861
3.353
2,081
3,861
Note
10/01/79-EO
10/16/79
10/31 /79-V
U/13/79
lO/ni/74
10/17/78
10/31/77
9.3121
6-5/81
3,474
4,334
4,334
11/13/79
11/15/79-B
11/15/79-C
11/15/79-K
11/30/79-w
12/11/79
12/31/79-G
12/31/79-X
1/08/80
11/14/78
2/15/73
3,896
1,604
2,241
3,376
4,791
4,029
2,006
3,920
3,778
3,875
3,896
1,604
2,241
3,376
4,791
4,029
2,006
3,920
3,778
3,875
11/15/79
11/15/79
11/15/79
11/30/79
12/11/79
12/31/79
12/31/79
1/08/80
1/31/80
n
6-1/41
7-1/8:
9.3201
7-1/2Z
Note
Note
9.605Z
7-1/21
Bill
Note
1/31/80-lt
9.3481
Bill
Bond
Note
Note
2/05/SO
2/15/80
2/15/80-G
2/29/80-L
2/06/79
1/23/59
2/15/77
2/28/78
3,543
2,343
4,608
3,820
Bill
3,543
2,343
4,608
3,820
3/04/80
3/31/eo-C
4/01/80-EA
4/29/80
4/30/80-N
5/15/RO-A
5/27/80
3/06/79
3/17/76
4/01/75
5/01/79
5/01/78
5/15/73
5/29/79
3,326
6,076
3,326
6,076
2
2
3,020
3,180
7,265
2,762
3,020
3,180
7,265
2,762
5/31/78
6/26/79
6/10/76
6/30/78
7/24/79
7/31/78
8/15/74
8/15/77
8/21/79
3,098
2,185
4,407
3,389
4,164
4,296
4,133
3,545
3,098
2,788
2,183
4,407
3,389
4,164
4,296
4,133
3,545
3,545
3,556
2,141
3,906
3,545
3,556
2,141
3,906
3/04/80
3/31/80
4/01/80
4/29/80
4/30/80
5/15/80
5/27/80
9.485Z
7-1/2Z
1-1/2Z
9.235Z
7-3/4Z
6-7/8Z
9.153Z
5/31/80
6/24/80
6/30/80
6/30/80
7/22/80
7/31/80
8/15/80
8/15/80
6/19/80
8Z
11/15/80
6-1/2Z
7-5/8Z
8.829Z
7-5/8Z
8-1/4Z
8.896Z
8-1/2Z
9Z
6-3/4Z
9.189Z
8-3/8Z
9.893Z
6-7/8Z
e-5/8Z
1-1/2Z
11.508Z
e-7/8Z
11.810Z
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
Note
Note
Bill
Note
Bill
Note
Note
Note
Bill
Note
Bill
11/30/80
12/04/80
12/31/80
12/31/80
3-1/2Z
7-1/8Z
9-1/4Z
10.815Z
5-7/8Z
9-7/8Z
Note
Note
1/02/81
1/29/81
11.040Z
11.211Z
Bill
Bill
1/31/81
2/15/81
2/15/81
2/26/81
2/28/81
3/26/81
3/31/81
3/31/81
4/01/81
9-3/4Z
7-3/8Z
13.527Z
9-3/4Z
14.459Z
6-7/8Z
9-5/8Z
1-1/2Z
Note
Note
Note
4/23/81
4/30/81
5/15/81
5/15/81
5/21/81
10.440Z
9-3/4Z
7-3/8Z
7-1/2Z
S.341Z
Note
Note
Note
5/31/81
6/18/81
9-3/4Z
7.491Z
6/30/81
6/30/81
6-3/4Z
9-1 /8Z
7/16/81
7/31/81
8/13/81
8/15/81
8/15/81
7.669Z
9-3/8Z
8.963Z
7-5/8Z
8-3/eZ
8/31/81
9/10/81
9-5/RJ
9.967Z
U/15/80
1
3,4 74
7-1 /8Z
4X
U/06/80
U/15/73
1
11/15/76
11/30/77
12/12/78
1/06/76
1/03/78
1/09/79
1/31/78
2/05/80
2/15/80
2/15/80
2/29/80
8/31/80
9/16/80
9/30/80
9/30/80
10/01/80
10/14/80
10/31/80
Bill
Note
Note
Note
Note
1,987
3,544
3,025
7Z
Bond
Note
Note
Bill
Bill
Note
Bill
Note
Note
Note
Bill
5/31 /SO-P
6/24/80
6/30/80-D
6/30/80-0
7/22/80
7/31/80-R
8/15/80-B
8/15/80-H
8/ 19/80
2,7fl8
8/31/80-S
9/ IS/SO
9/30/SO-E
9/30/80-T
10/01 /80-EO
10/14/80
10/31/80-U
11/06/RO
8/31/78
9/18/79
9/14/76
10/02/78
10/01/75
10/16/79
10/31/78
11/13/79
3
3
3,454
3,790
3,903
3,454
3,790
3,903
11/15/80
I1/15/R0-J
I1/30/S0-V
12/04/80
I2/31/80-F
12/31/BO-W
10/03/60
11/15/77
11/30/78
12/11/79
12/07/76
1/02/79
1.723
4,600
3,195
4,133
2,692
3,546
1,723
4,600
3,195
4,133
2,692
3,546
1/08/80
2/05/Sn
4,01R
3,989
4,01R
3,9R9
3,146
1,842
4,796
4,020
2,RR7
4,016
2,809
3,516
3,146
1,842
4,796
4,020
2,RR7
4,016
2,R09
3,516
4,016
3,013
2,020
3,893
4,005
1/02/81
1/29/81
1/31/81-P
2/15/81-A
2/15/81-C
2/26/Sl
2/28/Sl-o
3/26/81
3/31/Rl-H
3/31/81-R
4/01/81-EA
1/31/79
2/15/74
2/1S/75
3/04/80
2/28/79
4/01 /RO
3/08/77
4/09/79
4/01/76
Bill
4/23/Sl
4/30/81-S
5/15/Rl-D
5/15/81-M
5/21/81
5/2 7/RO
4,016
3,013
2,020
3,R93
4,005
Note
Bill
5/31/81-T
6/18/81
5/31/79
6/24/Rn
2,542
4,001
Note
Note
2,542
4,091
6/3n/Rl-j
6/03/77
6/30/81-1!
7/n2/7<l
2,514
3,057
Bill
Note
Bill
2.514
1,057
7/16/ai
7/31 /Rl-V
8/13/Rl
7/22/RO
7/31/70
R/19/R0
7/09/76
R/15/7R
4,005
3,222
4,009
2,5R6
4,110
4,009
2,586
4,110
R/11/79
9/16/Rn
3,729
4,007
1,729
4,007
Note
Note
"/15/Sl-F
8/15/Sl-N
Note
8/31/81-W
Bill
9/in/ai
Source:
Bureau of the Public Debt.
Original call and maturity dates
1/
are used.
4/29/RO
4/30/79
1/26/76
2/15/78
4,005
3,222
l^xchange
security
offered
S669
1,002
41
September 1981
PUBLIC DEBT OPERATIONS
Table PDO-8.
-
Foreign Series Securities (NonmarketabU)
Issued to Official Institutions of Foreign Countries
(Payable in
Issue
M.'^.
Hollars; Hollar
anioiints
in
ptilllons)
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securitiee (Nonmarketable)
iBBoed to Official Ingtitutions of Foreign
Countries-Continued
?5cturuiL-^
September 1981
49
.UNITED STATES SAVINGS BONDS.
Series
are the
EE and
HH Bonds
on sale since January
only savings bonds currently sold.
sold from Marc|h 1,
sale since May 1,
1935 through April 30,
1941
June
1,
1,
1941
through April 30. 1952.
1952 through December 31,
sold fromMayl,
1980
1979
E
1979.
Table SB-1.
-
J
I'^'i'
.
Details of the
other terms appear in Treasury Bulletins of April 1951,
on
1957, October
(through
1968
May
and December 1959, May and October 1961, June
and September
1970; and the Annual Report of the Sec-
retary of the Treasury for fiscal years 1966 through 1980.
Series H sold from
Series
1952 through April 30,
principal changes in issues, interest yields, maturities and
Series F and G were sold
June 1980 to Payroll Savers only).
from May
Series
1941.
through December 31,
1,
Series A-D were
and K were
Sales and Redemptions by Series, Cumulative through
(In millions of dollars)
August 31, 1981
30
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
(In millions of dollars)
E through K
September 1981
31
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K— Continued
Treasury Bulletin
52
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unc lassif ied
Series E, EE
H, and HH
Series E, EE
H.and HH
Fiscal years
1951-64
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
T.O
1977
1978
1979
1980
]
:
Calendar years
1951-70
19/1
1972
1973
1974
1975
1976
1977
1978
1979
1980
Month
,146
,724
,q22
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
22,025
17,463
1,9 38
246
280
412
260
143
3,487
4,690
4,927
6,430
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
6,430
20,387
71,392
60,727
8
3,305
3,337
3,578
3,789
3,955
3,487
4,553
5,071
5,709
3,305
3,337
3,578
3,789
3,955
3,4S7
4,553
U6
5,709
5,709
441
531
235
3,578
3,157
5.654
10,430
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
10.428
129,
57,346
36.958
5,
2,022
2,053
2,508
2,627
2,481
3,275
2,556
3,129
6,459
2,014
2,047
2,505
2,622
2,481
3,275
2,556
3,125
6.448
,"-1:^2
_i?9
748
425
338
586
681
517
797
,747
,975
,703
5, 3fj5
,210
,333
,241
,7"1
,110
,200
,
J26
543
10,112
10,
29
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
6
3
5
8
-4
1
1980-Aug
Sept
Oc t
Nov
Dec
1981,-Jan
Feb
Mar
Apr
May
June
July
Aug
673
729
692
691
441
531
473
353
945'
547
I, yob
1,219
1,098
982
1,001
972
881
982
473
353
546
39 7
397
1,191
1,413
1.19.3
838
617
829
738
1>13
838
t4.7
328
738
5,071
5,709
7/
September 1981
53
-ITNITED STATES SAVINGS NOTES.
Uni ted S tates savings notes were on
through June 30, 1970.
by
individuals
with
sale
May
The principal terms
1967
I,
anr^
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;
and in the Annual Report of the Secretary of the Treasury for
savings bonds.
fiscal year 197i.
Table SN-1.
-
Sales and Redemptions by Periods
fin millions of dollars)
Accrued
discount
Fiscal years;
1567-69
1970
528
323
1971.
1972.
1973.
1974.
1975.
1976.
T.Q...
1977.,
1978.,
1979.,
1980.
Calendar years
12
25
33
Sales plus
ace rued
discount
Redemptions ^/
5uO
347
44
28
35
111
167
85
69
29
35
33
22
45
6
6
11
23
22
23
22
36
31
31
24
Accrued
discount
Sales
price
77
75
Amount
outstanding
505
742
105
157
77
6-19
58
11
14
17
62
58
32
561
519
3
477
435
413
407
12
12
20
35
394
385
359
304
124
9
71
9
584
540
21
8
24
19
28
21
13
41
:
1967-70.
705
-3
31
28
29
39
25
24
23
22
21
28
29
39
25
24
23
22
74
13
82
16
14
496
453
424
406
53
40
21
42
35
33
52
23
20
30
13
22
383
352
19
19
71
38
33
3UU
1
1
I
2
2
2
2
2
1
29
13
12
393
306
304
303
1
1
1
302
2
2
2
300
2
2
2
1
300
1
1
6
3
1
1
10
5
1
1
5
2
3
1
2
2
5
3
2
2
283
282
279
3
2
295
287
276
275
2
Souvce:
^/
Includes U.S. savings
January 1972.
V/
*
Less than $500,000.
Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
Figures shown thereafter
Sales were discontinued after June 30, 1970.
represent adjustments.
'
not^es
exchanged for Series H bonds beginning
Treasury Bulletin
34
__,OWNERSHIP OF FEIIElEAL SECURITIES.
lAhla QlB-1
putrihntloii of FAdAial SsAoritifti by Clasees of Investors and Type of Isaves
(In millions of dollars)
H
h
i
..
.
.
.
.
.
1
1
September 1981
53
OWNERSHIP OF FEDBEAL
Table OFS-2.
SECURITIES,
Estimated Ownership of Public Debt Securities by Private Investors
-
nsnrance
End of
Total
month
pnvatel V
c
held
Foreign
and tnlornational
S/
oinnan ies
lal
other
Series
2/
J5.4
17.7
.ft
9 3.8
208.1
74.5
57.3
59.5
731
Dec
I9i6-June...
Dec.
.
.
1957-June...
Dec. .
l<lie-June. ..
Dec
19i9-Jun<!...
Dec
.
1960-June.
Dec.
.
.
1961-June...
Dec
1962-June...
Dec.
.
.
196J-Juno...
Dec.
1964-June.
Dec
1965-June.
Dec
1966-June.
Dec
.
.
197.2
20 3,7
67.
204.4
61.
210. h
207.
S
205.4
712.3
21 !.)
216.2
21S.0
21 7.2
.
..
214.7
218.9
..
213.
.
7lh.8
209.6
214.')
1967-June...
Dec.
19f>8-June.
Dec
193.
19 7.2
204.5
.
.
196.8
199.4
.
204.4
219.5
..
217.0
226.7
214.0
221.2
217.2
229.1
228.9
.
24 7.1
..
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
20.7
137.0
133.6
139.5
140.9
117,4
137.7
131.0
136.2
142.8
150.4
149.2
145.5
142,0
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
158.1
461 .3
477.8
508.6
r9 3.2
264.2
283.8
305.7
318.2
350.9
378.7
r4l5.4
519.6
517.1
521.5
516.6
92.5
92.0
r94.3
93.5
427.1
425.1
r427.2
423.1
519.8
521.5
523.4
526.5
528.6
540.5
r93.0
r97.5
r92.5
r93.0
r94.4
r96.4
r426.8
r420.n
r430.9
r432.5
546.9
551.6
560.5
563.0
562.9
558.2
r97.0
r9a.2
r9a.l
r96.3
r97.7
rlOO.3
July...
Aug
Sept . ..
Oct
Nov
Dec
r573.0
583.8
589.2
593.3
603.2
616.4
rlOl.4
rl06.1
rl09.7
rll3.2
rill. 4
rll6.0
1981-Jan
Feb
War
Apr....
May . .
June .
627.4
639.6
654.6
650.4
652.3
651.2
rn7.2
rll6.4
rll7.5
rll3.5
rll3.2
113.3
July p.
651.3
114.2
.
.
..
Dec
19 7n-June.
.
Dec
197i-June.
Dec. .
1972-Jiine.
Dec
..
1973-June...
Dec
1974-June...
Dec.
. .
.
197b-June...
Dec
1976-June...
Dec. . .
197 7-June...
Dec.
.
.
.
1978-June...
Dec.
.
.
.
.
.
.
1979-Har
Apr.
May
June.
.
.
July...
AuR
.
Sept
Oct
Nov.
Dec
.
.
. .
.
1980-Jan.
Feb
H«r
Apr. .
Hay
June.
.
.
.
.
.
.
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5
421.0
99.1
30.
30.
20.6
20.0
16.3
15.8
17.2
16.7
65.9
66.3
61.7
66.3
60.7
66
24.1
.
65.
65.
44.7
44.6
45,1
46,0
46,
47,
7
i
47,0
48,3
48,8
1S4.Q
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
167.0
1«1.8
182.8
194.0
200.1
200.6
202.4
215.4
2 34.1
74.
70.
73.
77.3
80.8
81.8
*•!
.2
75.4
73.2
73.2
73.0
75.9
77.3
80.7
84.2
86.8
96.7
101.6
104.0
107.8
109 .0
1,4
52,5
53,8
55,4
57,1
58,0
50,8
61,4
62,0
74.0
76.3
78.7
114.0
116.1
116.0
116.9
113.2
50,8
5
80.
80.
r4 34.2
r444
r449.Q
r453.4
r462.4
r466.7
r465.2
r457.9
117.0
113.8
124.8
125.3
124.3
rl20.2
78.7
77.1
75.6
73.0
73.2
73.1
r47l.6
121.2
124.1
123.0
122.0
rl25.3
129.2
73.0
72.0
72.7
72.7
72.5
72.2
134.2
136.2
138.6
rl38.2
71.1
rl30.9
69.
68.
7.7
r470.5
r480.I
r401.8
r500.4
r510.2
r523.2
r537.1
r536.o
r530.1
537.9
139.6
30.5
31.1
79.0
33.3
5.7
74.4
74.0
11.6
13.7
17.7
17.5
17.2
12.6
12.6
12.5
12.0
10.7
10.5
10.0
3.1
3.1
1.1
6.3
6.4
5.0
6.2
3
70.7
70.5
3.5
3.4
3.3
7.1
0.5
10.6
12.7
12.8
15.5
rl5.3
rl5.7
5.3
5,0
rl6.3
rI6.2
36.3
32.6
80,3
80.4
80.1
7
20.8
21.3
21.3
26.6
20.6
2
114.1
r4
70.5
18.5
10.4
18.8
10.0
18.3
10.8
19.0
20.4
21.3
22.2
22.8
73.9
10.7
27.3
27.7
23.3
25.5
20,0
30,7
70,1
22.2
18.8
17.2
16.2
16.4
16.0
18.8
80.7
114.6
115.5
116.0
115.4
116.1
.
nt los
7.5
63.
64.
156,1
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.3
53.7
55.6
69.0
85.1
92.5
103.8
102.8
101.4
.
1969-June.
^tate
and
secii-
hanWs
19J9-nec
1946-Feb
Tornorations i/
nther-
rommer-
rl6.o
33.4
33.0
34.7
35.5
35.3
36.2
rl6.3
rl6.4
rl6.7
rl6.a
rl6.5
rl6.7
38.4
36.1
50.8
r46.8
r|6.6
rl7.0
rl8.0
rl8.0
rl7.a
rl7.8
47.9
rl8.5
48.8
51.1
rlh.l
50.
50.0
40.0
r57.4
56.7
62.8
65.5
68.2
68.3
70.3
70.4
rl9,2
4,7
4,7
4,7
local
Other
investuri
^/
Treasury Bulletin
36
TREASURY SURVEY OF OWNERSHIP
The monthly Treaauiy Survey of Ovmership covers securities
Issued ty 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
banks and insurance companies Included in the Survey currently
account for about 80 percent of all such securities held by
these institutions.
.The
similar proportion for corporations
and for savings and loan associations is 50 percent, and for
State and local governments, 40 percent.
Data were first pub-
Holdings by commercial banks distributed according
Federal Reserve member bank classes and nonmember banks
published for June 30 and December 31.
t.i
arfi
Holdings by corporate
lished for banks and Insurance companies In the May 1941 Treas-
pension trust funds ere published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa-
the March 195A Bulletin.
Table TSO-1. -Summary of Federal Securities
July 31, 1981
{Par values
-
in millions of dollars)
;
September 1981
57
.TREASURY SURVEY OF OWNERSHIP
Table TSO-2.
-
July 31, jgsi
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
U.S. Govern-
amoxuit
Classification
outstanding 1/
By type security:
Issued by U.S. Government:
Treasury bills
Treasury notes
Treasury bonds
5,33A
i*57
ment accounts and
Federal
Reserve
banks
commer-
mutual
savings
banks
cial
banks
2/
217,532
354,005
94,868
61,055
35,608
17,565
6,090
3,740
8,570
27,605
41,411
6,164
1,135
521
1,559
159
22
173
132,627
78,396
312,724
206,749
64,934
24,578
15,288
42,132
60,837
35,825
14,691
4,335
5,359
11,579
666,405
Total
78,396
666,405
Maturity classes (final
maturity)
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
132,627
313,895
205,579
70,195
29,856
10,571
36,310
Total
10,509
63,857
4,030
6bb,405
Total
By matnritv distribution:
Call classes {due or first
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
45,229
60,656
26,741
132,627
427
3,311
444
438 fire,
287
life
130
1,790
1,851
casualty,
and
754
6,679
1,521
473
savings
and loan
associations
463
3,593
158
3,771
1,339
2,044
444
467
807
1,232
659
State and local
governments
408
corporations
1,523
2,942
1,474
179
310
general
funds
5,764
7,004
1,689
pension
and retirement
funds
450
,444
,.256_
5,938
1,685
3,989
2,272
1,618
2,445
3,061
1,154
430
Held by
all
other
investors
^
152,283
201,729
50.703
404,714
17
711
116
52
8
489
182
21
83
499
497
676
881
1,504
2,927
757
2,407
4,181
3.771
8.955
4.214
5.938
'4.458
^151
404,714
27,554
41,463
6,101
1,334
2,049
425
3,020
1,196
8,155
4,128
93
98
181
1,612
4,062
2,144
668
1,583
2,480
84
929
413
1,935
418
857
1,113
584
282
518
266
203
391
564
234
534
871
504
267
533
661
896
1,461
1,999
1,349
2,786
207,550
113,795
37,653
14,871
7,006
23,840
78,396
,181
,771
8,955
5,938
14,458
9,151
404,714
775
105
30
14
22
,227
,056
945
585
147
208,160
113,184
39,533
16,798
5,125
21,914
Footnotes at end of Table TSO-5.
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 1/
Insurance companies
U.S. Govern-
5,3 34
ment accounts and
Federal
Reserve
banks
commercial
banks
a/
457
mutual
savings
banks
2/
287
life
438 fire,
casualty,
and
marine
Treasury Bills
Regular weekly and Annual
maturing;
Aug.
Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
1981
1981
1981
1981
1981
1982
1982
1982
1982
1982
1982
1982
Total Treasury Bills
Treasury Notes:
7-5/8
Aug.
8-3/8
Aug.
9-5/8
Aug.
6-3/4
Sep.
10-1/8
Sep.
12-5/8
7
7-3/4
12-1/8
7-1/4
Oct.
Nov.
Nov.
Nov.
Dec.
1981-F..
1981-N..
1981-W..
1981-K..
1981-X..
1981-Y..
1981-G..
1981-B..
1981-Z..
1981-L..
Footnotes at end of Table TSO-5,
37,755
37,602
45,280
20,246
29,211
21,191
5,265
4,684
4,262
4,014
4,011
4,011
4,726
9,207
9,008
4,033
7,193
3,928
1,268
217,532
44,438
8,352
371
854
2,586
4,110
3,729
2,968
3,695
4,457
2,543
4,477
4,894
3,452
1,155
833
936
1,118
1,032
1,399
575
2
70
418
606
131
1,912
669
177
1,001
1,184
1,571
909
1,249
866
260
376
274
320
2
20
42
71
78
52
42
30
10
11
18
4
17
15
9
10
8
9
1
123
778
602
609
456
617
738
849
1,096
b59
73
23
8
32
27
26
12
22
61
40
81
36
5
22
7
9
6
03
savings
and loan
associations
State and local
governments
corporations
179
310
pension
general and refunds
tirement
funds
Held by
all
other
investors 2/
Treasury Bulletin
58
TREASURY SURVEY OF OWNERSHIP
July 31, 1981
Table TSO-3.
-
Interest-bearing Marketable Public Debt Securities by Issue— Continued
(Par values
-
in millions of dollars)
Held by investors covered in Treasury Surv
Total
amount
outstanding
y
U.S. Government accounts and
Fedf-ral
Reserve
banks
5,334
59
September 1981
TREASURY SURVEY OF OWNERSHIP
Jnly 31, 1981
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue-Continued
(Par values
nillions of dollars)
Treasury Bulletin
60
TREASURY SURVEY OF OWNERSHIP
July 31, 1981
Table TSO-4.
-
Securities Issued by
Government Agencies
)
)
September 1981
61
.MARKET QUOTATIONS ON TREASURY SECURITIES,
Current market quotations shown here are over-the-
August 31, 1981
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.
The securities
States Government are excluded.
Table MQ-1.
Amount outstanding
(millions)
Matur ity
13-week
-
Treasury Bills
Bank discount
date
13 -week
Securities
Change from
last month
26-week
Amount
outstanding
(millions
Issue
date
Bank discount
Maturity
date
Change from
one-year
one -year
S4,007
4,009
3,963
4,513
4,518
9/16/80
10/14/80
11/06/80
12/04/80
1/02/8
1/29/8
2/26/8
3/26/8
4/23/8
5/21/8
1/28/82
2/25/82
3/25/82
4/22/82
5/20/82
15.55
15.69
15.32
15.35
15.30
+ .68
+ .93
6/18/8
7/16/8
8/13/3
6/17/82
7/15/82
8/12/82
15.25
15.14
14.95
+ .80
54,329
4,384
4,434
4,322
4,330
6/04/81
6/11/81
6/18/81
6/25/81
7/02/31
3/05/81
3/12/81
3/19/81
3/26/81
4/02/81
9/03/8
9/10/8
9/17/8
9/24/8
10/01/8
14.707.
4,043
3,992
4,025
4,037
14.88
16.40
14.42
14.81
+ .07
+1.60
4,034
4,037
4,036
4,331
4,336
4,337
4,047
4,048
4,037
4,093
7/09/81
7/16/81
7/23/81
7/30/81
8/06/81
4/09/81
4/16/81
4/23/81
4/30/81
5/07/81
10/08/8
10/15/8
10/22/8
10/29/8
11/05/8
15.23
15.33
15.39
15.39
15.42
+ .26
+ .37
+ .37
+ .48
4,684
5,265
4,684
4,261
4,014
4,361
4,525
4,537
4,063
4,082
4,045
4,062
4,033
8/13/81
8/20/81
8/27/81
5/14/81
5/21/81
5/28/81
6/04/81
6/11/81
11/12/8
11/19/8
11/27/8
12/03/8
12/10/8
15.42
15.50
15.52
15.58
15.53
+ .46
+ .55
+ .57
4,011
4,011
4,512
4,027
4,029
4,030
4,042
4,062
6/18/81
6/25/81
7/02/81
7 09/81
7/16/81
12/17/8
12/24/8
12/31/8
1/07/82
1/14/6
15.48
15.52
15.56
15.30
15.35
+.50
+ .53
4,053
4,349
4,348
4,356
4,559
7/23/81
7/30/81
8/06/81
8/13/81
8/20/81
1/21/8
1/28/8
2/04/82
2/11/82
2/18/8
15.52
15.55
15.65
15.70
15.73
+ .57
+.68
4,542
8/27/81
2/25/8
15.69
-
.
087.
-.40
-.06
+ .52
14.687.
15.23
15.42
15.58
15.56
+ .077.
+ .26
+ .48
+ .58
+ .57
+ .62
+ .62
+ .67
+ .58
+ .54
+ .57
+.34
+.38
Special Issue
Amount
outstanding
(mi
1
Issue
date
lions
-
Treasury Notes
Maturity
Bank discount
date
Monthly
change
9/01/81
Table MQ-2.
9/10/31
10/08/81
11/05/81
12/03/81
12/31/81
Treasury Bulletin
62
.MARKET QUOTATIONS ON TREASURY SECURITIES.
Table MQ-2.
-
Treasury Notes-Continued
August
31,
1981
63
September 1981
.MARKET QUOTATIONS ON TREASURY SECURITIES,
Table MQ-3.
-
Treasury Bonds
(Price decimals are 32nds)
Amnnnt
1/
Beginning April 19!i3, prices are closing bid quotations in the over
the counter market.
Prices Tor prior dates are the mean of closing
bid and ask quotations.
"When issued" prices are Included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
2/
2/
August
31,
1981
Treasury Bulletin
64
.MARKET QUOTATIONS ON TREASURY SECURITIES,
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September 1981
65
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
Treasury
bonds 1/
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New Aa
inunic ipal
Treasury
bonds 1/
bonds ^'
corporate
bonds 2/
Monthly series
1"7
19 70
6.55
6.25
6.99
9.00
8.84
9.00
9.09
9.53
9.70
7.10
6.14
6.20
6.11
6.25
6.32
6.57
6.75
6.63
6.59
6.24 5/
5.97
9.09
9.08
9.00
9.14
8.97
8.13
6.22
6.00
6.15
6.25
6.05
5.20
6.53
6.85 4/
6.41
6.25
6.30
6.35
5.92
5.S4
5.71
5.^5
5.96
5.94
".63
7.54
7.62
7.76
^.2 5
8.15
5.40
5.10
5.00
5.11
5.80
6.56
6.54
6.«1
7.04
7.09 4/
5.8'.
7.02
5.91
5.7a
5.56
5.46 4/
5.48
5.62
8.24
8.14
7.90
7.72
7.67
7.54
5.9b
5.62
7.18
7.33 5/
7.30
7.22
6.93
6.77
5.62
5.67
5.66
5.74
5.64
5.59
7.36
7.57
7.53
7.77
7.61
7.63
4.<)9
5.59 4/
7.72
7.59
7.72
7.66
7.46
7.50
5.28
5.19
5.26
5.09
4.94
4.97
6.86
6.44 5/
6.39
6.53
6.
'14
-
6.15
6.60
7.00
5.96 4/
Treasury
bonds 1/
municipal
bonds
averages
^
if
New Aa
corporate
bonds 2/
4.9*^
8.97
8.71
8.73
8.68
9.00
8.90
5.13
7.01
6.92
".97
5.22
,85
8.45
8.10
7.97
7.95
8.09
5.40
4.98
4.98
5.14
4.97
,82 4,
,70
,65
,62
.38
5,
New Aa
corporate
bonds 2/
6.32
6.17
6.34
5.97
6.38
6.39
8.43 4/
8.43
8.76
8.59
8.37
8.25
8.17
7.90
6.93
6.92
6.88
6.73
5.11
5.22
5.0;
5.04
6.36
6.01
5.87
5.91
5.97
S.35
8.42
8.68
9.44 4/
9.80 4/
9.58
5.41
9.4"
9.57
9.87
11.17
11.52
11.30
5.02
5.30
5.26
7.01 4/ 5/
6.86
5.06
10.03
11.55
11.87
10.83
9.82
9.40
8.12
5.33
5.39
5.15
5.28
5.14
5.21
3.70
8.70
8.70
8.88
9.00
9.15
5.36
5.23
5.25
5.33
5.75
5.91
11.65
12.23
12.15
12.62
12.96
12.39
9.27
8.83
8.78
9.14
9.30
9.30
5.97
5.81
5.61
5.76
5.81
6.08
10.18
10.30
10.44
10.29
9.22
9.47
6.75
6.55
6.64
6.33
6.33
6.86
6.98
7.01
6.94
7.08
7.16
7.24
4/
8.26
8.39
1978
9.17
8.84
9.48
9.81
9.76
9.27
6.50
6.30
6.69
6.85
6.96
6.59
7.51
7.60 5/
7.63
7.74
7.87
7.94 4
9.56
9.71
9.89
9.54
9.48
9.59
6.70
6.88
6.91
6.79
6.67
6.62
8.10
7.88 4/
9.04
'1.39
4/
8.0c
5y
e.ii
8.21
4,
'
6.89
7.11 4/
.21
.17
New Aa
municipal
bonds 3/
Treasury
bonds 1/
7.82
8.07
8.16
8.36
5/
4,
U,
corpora te
bonds 2/
15.86
15.93
15.83
15.52
15.25
10.83
11.25
10.25
10.38
12.48
12.30
12.18 4/
12.48
15.05
14.92
14.88
15.02
10.58
n.a
10.26
11.10
5.
•2
5.87
6.1£
6.71
6.84
6.67
T
4/|
4/5/
V
6.98
7.35
8.30
7.85
6.96
7.30
11.48
12.31
12.74
13.17
14.10
14.38
4/
4/5/
1
munic ipal
bonds 3/
12.89
13.28 4/
13.13
12.80
12.56
5.95
5.93
5.96
5.85
5.95
3.84
11.65
13.23
14.08
13.36
11.61
11.12
9.83 4/
10.53
10.94
11.20 4/
11.83
11.89
6.68
7.16
7.20
7.13
7.17
6.99
l'-'75
'i.29
5.52
5.41
5.59
5.33
5.36
5.32
9.59
6.68 4/
6.66
6.77 4/
7.05
bonds 2/
1980
7.96
8.18
8.33
8.30
8.38
8.08
5.19
5.25
5.42
5.61
5.89
5.92
4;
9.52
9.65
9.69
9.82
9.51
8.44
8.55 4/ 5/
8.32 4/
1977
5.20
4.87
4.92
New Aa
nrunicipal
3
7.61
7.67
".75
7.70
7.69
".73
1972
Treasury
bonds 1/
New Aa
corporate
bonds 2/
Treasury
bonds 1/
daily or weekly series
1971
5.59
5.70
5.69
5.51
5.63
New Aa
municipal
bonds 2/
8.33
8.80
8.93
9.46
9.53
7.91
981
4/
4/
14.01
14.60
14.49
15.00
15.68
14.97
9.55
10.38
10.68
10.53
13.05
13.61 4/
15.67
16.34
11.50
12.11
4/
4/
4/
Treasury
9.94
bonds 1/
corporate
bonds 2/
municipal
bonds 3/
12.70
12.65
12.34
13.28
13.30
15.27
15.48
15.68
15.87
16.07
11.00
12.00
n.a.
13.58 4/
13.25
13.46
14.02 4/
16.15
16.25
16.33
16.62
n.a.
11.50
12.26
12.60
31
ar.
pr.
6
13
20
27
3
10
17
24
12.42
12.07
11.77
12.29 4/
14.62
14.45
14.43
14.46
12.25
12.56
12.66
12.65
14.64
14.74
15.11
15.50
8.
n.a.
15.
9.45
10.30
10.36
10.48
5.
12.
19.
26.
Treasury bond yields are based on a composite of closing bid quotations in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table MQ-3.
Treasury series based on reoffering yields of new corporate bonds
rates Aa by Moody's Investors Service and having an original maturity
of at least 20 years.
Prior to June 1973, this series reflected bonds
.without call protection.
From June 1973 to July 1976, the series was
adjusted to reflect 5 years call protection. Since that time the
series reflects bond yields regardless of the call protection offered.
i/
5/
1.
10.
17.
24.
31.
7.
14.
21.
Index of new reoffering yields on 20 years general obligations
Prior to June 1970, the serie
rated Aa by Moody's Investors Service.
was compiled by Securities Industries Association. Since then, the
series has been compiled by Treasury.
One or more new long-term bonds added to the average.
An existing bond dropped from the long-term bond average.
Not available.
66
Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BONDS.
September 1981
67
^INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3 presents an area breakdown of United States
institutions of foreign countries.
liabilities to official
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-i. shows United States
to official
bonds and notes issued
residents of foreign countries.
Table IFS-l 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.
the factors which affect the
Table IFS-5 sets forth
United
States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
institutions, and liquid liabilities to
other foreigners, which are used in the United States
all
balance-of -payments statistics.
weighted-average
Table IFS-6 presents a measure of
changes in exchange rates between the United States dollar
other countries.
and the currencies of certain
to foreign official
Table IFS-l.
Treasury nonmarketable
.nstitutions and other
-
U.S.
Reserve Assets
68
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Tabte IFS-2. - Selected U.S. Liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official Institutions 2/
Liabilities
to IMF
arising from
gold transactions 1/
End of
calendar
year or
month
otheT-
Liabilities
reported
by banks
in U.S.
Marketable U.S.
Treasury
bonds
and
Nonmarketable U.S.
Treasury
bonds and
notes i/
notes
(1)
-1971
W
U/..
68,593
68,720
83,769
83,787
1972 10/
1973
(2)
544
544
Li-abilities to
(3)
(A)
Other
readily
marketable
liablliitles 5/
(5)
Liabilities
6/
(8)
51,209
50,651
39,823
39,162
1,955
1,955
40,093
40,093
5,236
5,2 36
(9
)
(10)
Marketable U.S.
Gov't,
bonds
yv
(11)
Nonmarketable U.S.
Treasury
bonds and
notes 8/
(12)
al and regional or-
ganizations
9/
(13)
10,519
11,206
9,431
9,534
61,526
61,526
Liabilities
reported
by banks
in U.S.
banks
Liabilities
to nonmonetary Internation-
foreigners
15,747
15,747
450
450
4,329
4,350
3,747
44
3,7 50
447
14,925
14,925
5,130
5,130
4,705
4,705
425
425
2,188
2,206
7
135
153
1,974
1,969
15,564 12/ 1,363
66,861 12/44,233
1974 10/
120,417
120,325
76,816
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
1980
127,432
152,468
193,977
244,577
268,311
295,496
80,712
91,975
126,230
157,027
143,326
157,112
50,461
54,956
65,822
90,998
78,206
86,624
6,671
11,788
32,165
35,894
37,590
41,455
19,976
20,648
20,443
20,970
17,387
14,654
3,604
4,583
7,800
9,165
10,143
14,379
29,881
37,950
43,250
59,815
90,228
100,129
10,801
13,791
16,466
19,992
26,967
31,289
10,100
12,814
14,736
16,070
18,642
19,914
701
977
1,730
2,32 7
3,056
4,938
1,595
5,269
6,437
6,038
8,752
8,031
7,743
7,790
6,966
1980-Aug
Sept
Oct
Nov
287,700
279,508
284,874
294,418
295,496
148,141
149,755
150,148
156,090
157,112
79,411
80,203
79,127
84,650
86,624
39,803
40,801
41,489
41,790
41,455
15,654
15,254
15,254
14,654
13,273
13,472
14,278
14,396
14,379
103,729
93,058
98,013
100,529
100,129
28,859
29,407
29,465
30,935
31,289
18,665
19,056
18,874
19,854
19,914
3,757
3,914
4,154
4,644
4,938
6,437
6,437
6,437
6,437
6,437
6,971
7,288
7,248
6,864
6,966
294,209
295,136
155,500
155,332
83,568
82,013
42,320
43,725
14,654
14,494
14,958
15,100
100,373
100,322
31,807
32,820
20,209
20,891
5,161
5,492
6,437
6,437
6,529
6,662
Mar. 10/.
298,653
300,288
162,754
162,774
87,963
87,983
44,808
44,808
14,294
14,294
15,689
15,689
96,247
97,570
32,847
33,140
20,816
21,109
594
594
6,437
6,437
6,805
6,804
Apr
May
June p .
309,080
310.204
305,495
163,079
»7;478
159,315
87,233
81,421
82,953
45,303
45,625
46,605
14,294
14,294
13,202
16,249
16,338
.
1^55
105,774
111,774
104,302
33,621
34,111
35,149
21,573
21,698
22,595
5,611
5,976
6,117
6,437
6,437
6,437
6,606
6,641
6,729
July p.
.
310,191
159,064
81,523
47,402
12,802
17,337
109,827
34,530
22,405
6,433
Dec
jaaa-Jan
..
Feb
Note:
Table Is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States,
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Fed-
1/
erally-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.
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 Co
"other foreigners."
14,2 54
2J
^/
2/
10 /
11 /
12
p
/
6,770
Includes markeLable 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,
the Inter-American Development Bank and the Asian Development Bank.
Data on the two lines shewn for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shovm for the following date.
Data on the second line differ from those on the fi^. st line because
certain accounts previously classified as "offic>il institutions"
are included with "banks"; a number of reportin'; banks are included
in the series for the first time; and foreign c jrrency liabilities
are increased in value to reflect market exchange rates as of
December 31, 1*571, 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
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,
Preliminary.
.
.
.
September 1981
69
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.
-
U.S.
Liabilities
to
Official
InBtitutione of
Foreign Countries, by Area
(In millions of dollars)
End of
Total
foreign
countries
Wes tern
Europe
(1)
(2)
51,J09
50,651
30,010
30,134
3,980
3,980
1,414
1,429
14,519
13,823
415
415
871
870
1972
1973
61,526
66,8*1 5/
45,,
34,197
764 5/
4,279
3,853
1,733
2,544
17,577
10,837
777
788
2,963
3,025
W74
"6,516
"6,823
44,328
44,328
3,662
3,662
4,419
4,419
18,619
18,626
3,161
3,161
2,627
2,627
1975
1976
1977
1978
1979
1980
80,712
91,975
126,230
157,027
143,326
157,112
45,701
45,882
70,748
93,089
85,633
81,592
3,132
3,406
2,334
2,486
1,898
1,562
4,448
4,906
4,633
5,038
6,280
5,665
22,551
34,108
45,826
53,255
46,607
63,317
2,983
1,893
1,742
2,408
2,412
4,123
1,897
1,782
947
751
496
853
1980-Aug....
Sept...
Oct.. .
Nov ...
Dec...
148,141
149,755
2,156
1,901
1,670
1,393
1,562
6,039
6,590
5,996
5,707
5,665
57,629
60,531
61,885
62,973
63,317
3,281
3,232
3,519
3,866
4,123
487
534
1,089
156,090
157,112
78,549
76,967
75,989
80,884
81,592
1981-Jan
155,500
155,332
80,434
78,334
1,175
1,089
5,443
5,228
63,278
65,614
3,972
3,947
1,198
1,120
May
June p
162,754
162,J74
163,079
157,678
159,315
79,981
79,999
78,242
71,455
71,130
1,437
1,437
1,177
1,365
1,248
6,352
6,352
5,893
5,513
6,090
69,731
69,733
71,735
73,290
75,369
4,089
4,087
4,187
3,927
3,190
1,1^6
1,166
1,845
2,128
2,288
July p.
159,064
70,595
664
5,560
77,892
2,645
1,708
calendar year
or month
1971 3/
y
...
.
FeD.
Mar.
Apr.
. .
y
. .
150,;-48
Latin American
and Caribbean
Republics
U
Other
countrie
y
(71
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 nonmarketable 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.
1/
Includes countries in Oceania, Eastern Europe and West ern European
2/
dependencies in Latin America.
Data on the two lines shown for this date differ becau se of changes
3/
in reporting coverage.
Figures on the first line are comparable in
l-,267
853
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; 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.
Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Pre liminary
10
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4.
Issued
to
Official
-
Nonmarketable U.S. Treasury Bonds and. Notes
Institutions and Other Residents
of Foreign Countries
(In millions of dollars or dollar equivalent)
End of
calendar
year or
month
Payable in dollars
Grand
total
Swi tzerland
(1)
(2)
Other
Europe
(5)
(3)
\_l
(6)
1971
1972
1973
1974
1975
1976
1977
9,809 4/
15,872
15,669 5/
16,339
19,976
20,468
20,443
7,829
14,333
14,210
14,867
18,377
19,102
19,274
5,000
11,315
11,670
12,327
16,277
16,879
17,467
506
700
1978
22,565
20,624
17,467
2,707
450
1979
1980
22,656
17,387
16,607
630
150
21,091
14,654
14,607
22,091
21,691
21,691
21,691
21,091
15,654
15,254
15,254
15,254
14,654
15,507
15,107
15,107
15,107
14,607
47
47
100
100
100
100
21,091
20,931
20,731
20,731
20,731
19,639
18,494
18,094
14,654
14,494
14,294
14,294
14,294
13,202
12,802
12,402
14,607
14,447
1980-Aug.
Sept
Oct.
Nov.
Dec.
1981-Jan.
Feb.
Mar..
Apr,
May.,
Jupe.
July.
Aug.
End of
calendar
year or
month
U,247
14,247
14,247
13,202
12,802
12,402
-5Z42
573
2,640
2,840
2,540
2,540
2,100
1,650
T3T135
September 1981
71
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.
-
U.S.
Position in the
(
International Monetary Fund
In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Calendar year
or month
U.S.
Pay-
ments of
subscription in
transactions with IMF
Net
gold
sales
by IMF
1/
Net
borrowings by
IMF 21
dollars
(1)
19^1
1972
1973
1974
1975
1976
1977
L978
1979
1960
(2)
(3)
233
1980-Aug.
Sept
Oct.
Nov.
Dec.
1981-Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.
in
foreign
currencies y
CA)
IMF net
income
dol lars
(5)
Purchases
ot
Repurchases
100
-47
-33
-59
-219
-572
(7)
-1,073
-442
195
-2,078
-1,779
-1,157
-2,110
-1,692
426
1,893
2,783
2,110
1,619
-145
-153
-171
-186
-247
54
64
147
-37
-36
-9
-12
-53
-13
-74
-425
-427
-238
-320
-648
24
166
112
-628
-631
-499
-356
-10
35
60
119
38
125
-122r
-42
Amount ^/
Percent
of
U.S.
quota
U.S.
reserve
position
in IMF
at end of
period
4/
dollars
16)
(8)
1,350
-61
-16
4,021
Total
change
dollars
-37
-13
670
-751
312
4,021
Transactions
1,362
200
541 5/
^54 5/
2,110
Transaction by
other countries
with IMF
IMF holding
of dollars at
end of period
-215
-156
52
565
34
171
299
84
36
(9>
(Ul
Treasury Bulletin
12
.INTERNATIONAL FINANCIAL STATISTICS,.
Table IFS-6.
-
Weighted Average of Exchange Rate Changes
(Percent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
for the Dollar
n
"
,;
I
,
5
.
.
September 1981
73
CAPITAL MOVEMENTS
subsidiaries, and other affiliates in the United
States of foreign firms.
Fntities that have reportable
liabilities,
claims,
or
securities
t ransact ions
below
spec f ied exempt ion level s are exempt from report ing.
a gene ies,
Background
Da La relatin;;
capital movements he t ween the UniteH
Slates and foreiRn count ries have been collected since l'*3S
under Treasury regulations pursuant to Executive Orders Nos.
6560 of January 15, 193i, and 10033 of Fehruary fl. 191*9, and
the Internat ional Investment Survey Act of l*)7fi.
Reports
hank holding
are filed with Federal Reserve banks by banks
and nonbanking
companies
securit ies brokers and dealers
Statistics on the
enterprises in the United States.
pr inci pal t ypes of data by count ry or geographical arefl are
then consolidated and are published in the month iy Treasury
Lo
,
,
,
But letin.
The report I ng forms and instructions 1/ used in Che
Treasury International Capital (TIC) Report ing System have
been revised a number of t imes to meet changing cond it ions
pub ished
and
to
increase
the
usefulness
of
the
Revisions to the reporting forms are part of an
statistics.
ongoing effort to ensure the adequacy of the Treasury
movements
statistics
analysis
and
capital
for
policy
formulation with respect to the internat ional
f inane a
posit ion of the United States and on movement s of capital
between the United States and foreign count ries.
Revised
forms and instructions are developed with the cooperation of
other Covernment agencies and the Federal Reserve System and
in consultations with represent at ives of hanks
securit ies
firms, and nonbanking enterprises.
I
i
1
i
Ranks and some brokers and dealers file reports monthly
covering their dollar liabilities to, and dollar claims on,
foreigners in a number of countries.
Twice a year, as of
June
30
and
December
they also
31,
report
the
same
liabilities and c I aims itema wi th respect to foreigners in
countries not shown separately on the monthly reports.
Beginning with reports due as of June 30, 1978 .quarterly
reports are filed with respect to liabilities and claims
denominated in foreign currencies vis -a-vis foreigners. The
specified exemption level appl icable" to the monthly and
quarterly reports is S2 million and is based on the average
for Che report dates during a six-tnonth period, including
the current report date.
There is no separate exemption
leve
for the semiannual reports.
I
Ranks
securit ies brokers and dealers, and in some
instances
nonbanking
enterprises
report
monthly
their
transactions in securities with foreigners; the applicable
exemption level is S'iOO.OOO on the grand total of purchases
and on the grand total of sales during the month covered by
the report
,
,
Ouarterly reports are filed by exporters, importers,
industrial and commercia
concerns
f inane i a
institutions
other
than
banks
and
brokers,
and
other
nonbanking
enterprises if their liabilities or claims on the six-month
average basis are S2 million or more.
Beginning Hecemher
31, 1978, these firms also report for each month -end thei r
U.S. dol lar-denomi naced deposit and certificate
of deposit
claims on hanks abroad of SIO million or more.
1
Ma ior revisions of the TIC B-series forms
by
f i led
banks
and
brokers
in
the
United
States
bpcame
some
effective with reports as of April 10, 197ft; new data series
introduced in the July 1978 Treasury Bu let i
were
Also,
effect ive March 1981
report ing coverage of the R- series
forms was enlarged to include
holdings by brokers and
of
dealers
certain types of short -term money market
instruments.
Subs t ant ia 1 revisions of the C-ser ies forms
filed by nonbanking enterprises, were effective with reports
as of December 31
1978; the new data series are shown
beginning with the June 1979 issue.
Revisions of the TIC
forms that affect the format and coverage of the current
Capital Movements tables are noted under "Descr ipt ion of
Statistics " below.
,
,
1
.
,
,
Basic Definit ions
The term "foreigner" as used in the Treasury reports
covers all inst itutiorvs and individuals domic iled outside
the
United
St ates
inc lud ing
Uni ted
States
c it izens
domiciled abroad, and the foreign branches
subsidiaries
and offices of United States hanks and business concerns
the cent ra
governments
centra
banks
and other official
institutions of foreign count ries, wherever located
and
international
and
regional
organizations,
wherever
located
The term "f ore igner" al so inc ludes persons in the
United States to the extent that they are known by reporting
institutions to be acting on behalf of foreigners.
,
,
1
,
1
,
I
,
Description of Statistics
Section I presents data in four tables on liabilicies
to foreiRners reported by banks, brokers, and dealers in the
United States.
Beginning April 1978, amounts due to banks'
own
foreign offices are shown separate Iy
the previous
distinction between short-term and long-term liabilities has
been eliminated; there is a separation of the liabilities of
the respondent s themselves from their custody liabilities to
f orei gners ;
and
foreign
currency
liabilities are only
reported quarterly.
Also, beginning April 1978, the data on
liabilities
are
made
more
complete
by
extending
to
securities brokers and dealers the requirement to report
certain of their own liabilities and all of their custody
liabilities to f orei gners
;
,
,
.
In
daL a are reported opposite the foreign
genera 1
count ry or geograph ica
area in which the fore gner
s
domiciled,
as
shown
on
records
of
reporting
the
institutions.
For a number of reasons, the geographical
breakdown of the reported data may not in all cases reflect
Che
ownership
ul t imate
of
the
assets.
Reporting
inst i tut ions are not expected to go beyond the addresses
shown on their records
and so may not be aware of the
country
of
domic ile
beneficiary.
of
the
ult imate
U.S.
Furthermore
liabilities arising
from deposit s of
dot lars with foreign banks are reported general I y in the
Treasury
statistics
liabilities
foreign
hanks,
as
Lo
whereas the 1 iahi 1 ity of the foreign hank receiving the
deposit may be Co foreign official
institutions or to
residents of another country.
,
1
i
i
Table CM-T-1, showing total liabilities by type of
foreign
ho Ider
combines
liabilicies
previously
shown
separacelv as either short-term or long-term.
Table CM-1-2,
Parts A and B, on foreigners
holdings of liabilities by
type show total liabilities payable in dollars reported by
banks, brokers, and dealers.
Table CH-I-3 presents total
liabilicies by country for recent periods and includes the
long-term data previously shown separate Iy; whereas CM- 1-4,
covering total liabilities by type and country for the most
recenC monch
inc ludes
severa 1 data items not reported
separately prior to April 1978.
The liabilices daCa on
supplementary count ries previous Iy presented in Table CM- 1now appear in Table CM-HI-l.
(See Section Til below.)
,
'
,
,
,
Da La perLaining to branches or a gene ies of
foreign
official institutions are reported opposi te the count ry to
which the official institution belongs.
nata pertaining to
reported
international
and
regional
organizations
are
opposite
the
appropriate
or
regiona
internat ional
classification
except
for
the
Bank
for
Inter nati on al
Sell lemenL s which is included in the classification "Other
Europe.
Geographical Classification
A number of changes in geographical classification were
for most Capital Movements tables in the Julv
Several countries former Iy inc luded in "Fas tern
"Other Lat in American Re pub lies" are now shown
separately in the country list as we II as a new category in
the
Internat ional
"Middle
and
regional
grouping
for
FasLern Regional" in view of Ihe proliferation of regional
financial organ izat ions in that area pr imari Iy in Che Arab
stales.
The remaining count ries in the categories "Oth^r
Eastern Europe" and "Other Western Europe" were combined
into a single "Other Europe" category; and the head ing
"Lat in
America"
was
ret i C led
Amer ica
and
"Lat in
Caribbean."
To the extent possible, the statistics for
inL reduced
1978 issue.
Europe" and
earlier dales have been adiusted
revised geographical categories.
in
accordance with
thesf
Report ing Coverage
Sect ion II presents Cbe claims on foreigners reported
by banks in the United States.
Beginning with data reported
as of the end of Apri I 1978, hanks
claims held for their
own account 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 only.
Also, there is no longer a breakdown
avai lable on the long-term and short-term component s of
banks
claims.
Maturity data are collected quarter 1 y on a
t ime
remaining to maturity basis as opposed to the historic
'
'
original maturity classification.
Foreign currency claims
are also coll ec ted only on a quarterly basis.
Beginning
March 1981, this claims coverage was extended to certain
items in the hands of brokers and dealers in the United
Scaces.
Table CM-II-1 presents toCal claims by Cype as reporCed
on the old B-series forms and has been revised to inc lude
the
long-term
c I aims
component s
formerly
publ ished
separately.
Table CM-II-2, showing total claims by type, is
based on the revised banking reports.
Table CM-ll-3, which
represents total claims by count ry, merges the previously
reported sborc-lerm and long-cerm claims data from old CMII-2 and CM-II-5.
New Tables CM-II-4 through CM-II-7 are
based on the revised reports and replace the previous tables
which showed short-term and long-Cerm claims separately.
Another
important
change
in
the
claims
report ing,
beginning with new quarterly data as of June 30, 1978, is
the adoption of a broadened concept of "foreign public
borrower ," which re pi aces the previous category of "foreign
official insticulion" to produce more meaningful information
on lending Co the publ ic sector of foreign count r ies
The
term
"foreign
public
borrower"
encompasses
central
governments and
departments
of
central
governments of
foreign
countries
and
of
their
possessions;
foreign
centra
banks
stabilization
funds
and
exchange
authorities; corporal ions and other a gene ies of central
government s
inc lud ing
development
banks
development
inst itut inns and other a gene ies which are maiori ty-owned by
.
I
Reports
are
re qui red
from
banks,
hank
holdinp
companies
securities brokers and dealers, an'\ nonban'<inp,
enterprises
in the United <;taLes, inc lud ing Che branches
,
,
,
,
,
Treasury Bulletin
14
CAPITAL MOVEMENTS,
Che
central
government
or
its
departments;
State,
pro vine la I , and local governments of foreign countries and
their departments and agencies
and any interna t ional or
regional organizat ion or subordinate or affiliated agency
thereof , created by treaty or convent ion between sovereign
states.
;
Sect ion Itl includes two supplementary cables on U.S.
banks liabilities to, and c lairas on, foreigners.
Table CHIII-l summarizes dollar liabilities to,
and banks'
own
dollar claims on, countries and areas not regularly reported
separately.
Beginning with reporCs due as of June 30, 1<*78,
these data are col lee ted semiannual ly
Previous ly
the
semiannual reports were addressed to liabilities items only
and were reported as of Apri 1 and December
however, they
are now collected as of the end of June and December.
Table
CM- 1 1 1-2 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.
'
.
,
;
.
'
nonbanking
enterprises
liouid
c laims
on
foreigners
Specifically, Table CM-V-1 combines short-term and long-term
claims; Table CM-V-2 shows total claims by country and
replaces former Tables CM-V-2 and CM-V-7. Current Table CHV-3 shows total claims by type and country and includes
items that were not reported separately prior to end -year
1978.
Tables CM-V-i, CM-V-5, and CM-V-6 no longer appear.
'
Section VI contains data on C ran sac t ions in all types
long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States
(except nonmarke Cable U.S. Treasury notes, foreign series
and nonmarke table U.S. Treasury bonds and notes
foreign
currency series, which are shown in the "Incernat ional
Financ ial Statistics" sect ion Table IFS-i)
The data cover
new
issues
of
securities,
transact ions
n
outstand ing
issues
and
redempt ions
of
securit ies
Ttiev
include
transactions executed in the United States for the account
of foreigners, and t r ansae t ions executed abroad for the
account
of
reporting
institutions
and
their
domestic
customers
The data include some transact ions which are
classified as direct investments in the balance of payments
accounts
The data exc lude securit ies issued abroad by
foreign subsidiaries of U.S. corporations, some of which are
treated in the balance of payments as issues of U.S
corporations.
of
as
;
,
,
.
,
.
Sections IV and V, respectively, show Che liabilities
to, and c laims on, unaf f i Hated foreigners by exporters
importers
industrial and connercial concerns
f inane ial
institutions
other
than
banks
and
brokers,
and
other
nonbanking enterprises in the United States.
The data
exc lude the intercompany accounts of nonbanking enterprises
in
Che
United
States
with
their
own
branches
and
subsidiaries
abroad
or
with
their
foreign
parent
companies.
(Such transact ions are reporCed by business
enterprises to the Department of Commerce on its direct
investment
forms.)
The data also exclude claims held
through banks in the United States.
Beginning with data
published in June 1979 (reported as of December 31, 1978),
there is separation of the financial liabilities and claims
of reporting enterprises from their commercial liabilities
and c laims
and items are collected on a t ime- remaining
basis instead of the prior original maturicy basis.
In
addition, the number of reporters increased somewhat as a
result
of
a
broad
canvass
of
prospect ive
reporters
undertaken in late 1978.
,
,
;
In
Section
IV,
Table CM-IV-l combines
liahilities
previously shown as either short-term or long-term in old
Table CM-IV-l; Table CM-IV-2 combines these short-terra and
long-term liabilities by country and replaces previous
Tables CM-IV-2 and CH-IV-4.
Table CM-IV-3, covering total
liabilities by type and country for the mosc recent quarterend, includes several items not reported separately prior to
December 1978.
The tables in Section V have been extensively revised
reflect the changes in data collection format outlined
above and the el iminat ion of a month ly form that covered
to
Xj
.
The geographical breakdown of the data on securities
transact ions shows Che counCry of domicile of Che foreign
buyers and sellers of Che securicies;
the case of
in
outstanding issues, this may differ from the country of the
original issuer.
The gross figures contain some of fsett ing
transact ions between foreigners
The net figures for total
transact ions
represent
transact ions
by
with
foreigners
United
States
but
the
figures
residents
net
for
transact ions of individual countries and areas may inc lude
between
some
transact ions
foreigners
of
different
countries
Beginning wich daCa for 1969, transact ions
between foreigners in new issues not offered for sale to
United States residents but managed by underwriters in the
United SCaCes are excluded from the gross figures.
.
;
.
The data pub ished in these sect ions do not cover all
types of reported capita I movements between the United
States and foreign countries.
The principal exclusions are
the
intercompany
capital
t ran sact ions
of
business
enterprises in the United States with their own branches and
subsidiaries abroad or with their foreign parent companies
and capital transactions of the United St ates Government
Con so I idated data on all types of internat ional capita 1
transact ions are published by the Department of Commerce in
its
regular
States balance of
reports on Che Uniced
payment s
I
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,
Washington, D.C.
20220, or from Federal Reserve banks.
September 1981
75
CAPITAL
Section
I
-
Liabilities
to
Table CM-I-1.
MOVEMENTS
Foreigners Reported by Banks in the United States
-
Total Liabilities by Type of Holder
(In millions of dollars)
Foreign countries
End of
calendar year
Total
liabili-
or month
ties
Official institutions
Payable
in dolla
Payable
in foreign
currenc ies
Payable
in dollars
(5)
39 665
38, 988 5/
158
165 6/
14,267
14,956 5/
56,306
56,331
39,823
39,162
1972
61,689
40,093
39,
171
1973
70,535
44,233
44,
12
f 96,128
96,056
53,196
53,203
53,
53,
127
127 7/
1975
96,147
50,461
50,
1976
111,430
54,956
54,
1977
127,065
65,822
65,
57,985
V
f
[
1974 3/
I
7
(6)
14,019
14,703 5/
Payable
in foreign
currencies
Payable
in dollars
2,217 4/
2,213 4/
248
248
2,217
2,213
19,629
19,283
346
1,968
1,968
7/
23,587
23,117
468
2,716
2.716
y
38,959
38,360
38,320
38,221
639
639
3,973
3,992
3,973
3,992
39,982
39,430
552
5,704
5.696
50,764
49,987
777
5,710
5,705
57,071
914
3,256
3.245
1978
169,504
90,998
90,
75,885
73,493
2,392
2,621
2,607
189,438
78,206
78,
108,870
106,958
1,912
2,362
2,J56
1980
209,045
86,624
86,
120,043
116,329
3,714
2,378
2,344
204,648
194,905
198,785
207,547
209,045
79,411
80,203
79,127
84,650
86,624
79,
122,394
112,114
116,887
120,383
120,043
119,677
109,397
114,170
117,666
116,329
2,717 8/
2,717
2,717 8/
2,717 8/
3,714
2,843
2,588
2,771
2,514
2,378
2,821
2,551
2,734
2,477
2,344
206,145
205,264
r206,911
208,547
120,582
121,213
117,063
118,679
127,347
133,472
126,897
116,868
117,499
113,833
115,447
124,115
150,240
124,063
3,714
3,714
3,230
3,232
3,232
3,232
2,835
1,995
2,037
1,884
1,884
1,834
1,844
1,961
2,003
1,854
1,854
1,804
1,814
1,'77
132,232
129,397
2,835 8/
Dec
May
June
p.
216,737
211,637
83,568
82,013
87,963
87,983
87,233
81,421
82,953
July
p.
215,546
81,523
I98l-Jan
Feb
Mar. 3/
,
Apr ....
^216,414
80,
"i
84,
86,
83,
82,
Payable
in foreign
currencies
<7)
1979
1980-Aug
Sept...
Oct....
Nov....
_2/
Banks and other foreigners
j_/
(3)
1971
International and regional
8/
8/
8/
8/
1,786
1,791
5
76
Treasury BuUeti
-CAPITAL MOVEMENTS.
Section
-
1
Liabilities
Table CM-I-2.
to
-
Foreigners Reported
Total
liabilities
Part A
-
by Banks in the United State
by Type.
Payable
in
Dollars
Foreign Countries
(In millions of dollars)
Official institutions 1/
End of
calendar
year
Total
foreign
coun-
or aionth
tries
Deposits
Time 2/
(2)
'53,684
53,706
59,205
59,204
1971 4/ 5/..
1,620
1,327
1,591
1,591
l»72 4/
5/|
bills &
certificates
(3->
Demand
(1)
U.S.
Treas.
(4)
Other foreigners
Deposits
U.S.
Other
liabilities 11
Demand
(5)
(6)
Time
_2/
(7)
2,504
2,039 5/
32,311
32,311
3,230
3,321
7,047
3,399 5/
850
320
2,880
2,880
31,453
31,453
3,998
3,998
4,658
4,658
Treas.
bills &
certificates
(8)
405
405
Deposits
Other
To own
liabilforeign
ities 2/ offices
(9)
3/
(10)
U.S.
Treas.
bills 4
certificates
(11)
(13)
Other
liabilities 2^,
iiii
2,367
7,232 2/
1,663
1,666
96
96
618
9,510
9,510
1,955
1,955
2,116
2,116
65
65
569
568
2,143
y
1,660
1,660
2,359
2,729
2,729
3,796
3,744
277
277
327
31,511
6,558
6,941
91,389
91,297
2,951
2,951
4,257
4,167
34,656
34,656
11,205
11,302
8,248
8,231
1975
89,891
2,644
3,423
34,199
10,195
7,534
1,873
335
19,588
3,248
4,823
325
1,704
1976
104,943
3,394
2,321
37,725
11,516
9,104
2,297
119
25,652
4,015'
6,524
198
2,078
1977
122,893
3,528
1,797
47,820
12,677
10,933
2,040
141
29,222
4,304
7,546
240
2,645
1978
164,235
2,560
67,415
17,376
11,257
1,429
300
7,126
37,311
4,242
8,353
285
3,189
1979
185,164'
4,671
3,050
47,666
22,819
13,285
1,667
422
5,125
63,817
5,087
8,755
382
4,418
1980.,
402,953
3,271
3,612
56,243
22,997
14,188
1,703
623
11,231
68,670
5,356
9,676
1-980-
199,088
189,600
193,296
202,315
202,953
3,691
4,259
3,406
3,553
3,771
3,026
3,576
3,355
3,^88
3,ol2
49,811
49,361
50,392
55,104
56,243
22,884
23,036
21,974
22,404
22,997
13,423
12,989
13,843
13,714
14,188
1,510
1,408
1,718
1,782
1,703
577
361
73,887
64,557
67,68J
70,458
68,670
5,014
4,986
5,096
5,393
5,356
8,719
9,020
8,945
9,184
473
693
623
11,615
11,026
11,537
11,328
11,231
9,6 76
474
200,436
199,512
'201,796
203,432
211,348
3,343
2,997
2,920
2,938
2,412
2,642
56,522
56,988
60,493
60,493
61,671
57,858
19,834
18,449
21,212
21,321
19,382
17,478
12,889
14,287
12,585
12,588
13,493
13,394
1,857
1,813
2,324
2,305
1,549
1,685
631
714
826
827
839
945
11,157
10,820
10,592
11,912
11,698
10,963
70,125
68,973
66,690
66,707
74,963
81,556
5,179
5,246
5,259
5,270
5,205
10,628
10,892
10,961
10,995
11,677
432
449
607
690
701
3,970
4,303
3,989
4,154
3,990
211,<i62
3,869
3,580
3,338
2,232
3,768
3,444
5,'209
11,640
581
4,2i»9
207,01-6
3,975
2,563
57,719
18,696
13,638
1,728
1,165
10,894
74,042
5,346
12,275
559
4,415
21«,920
S,I3I
55,669
20,634
12,931
1,573
1,037
11,244
80,208
5,115
12,697
2,125
l»73
f
1974 4/
1
Aug. . .
iept...
Oct....
l)ov
Dec...
198l-J«n
Feb
Mar.^/
Apr.
May.
..
.
June p.
1/
1/
y
4/
'
Includta Bank for International Settlements .
.Time deposits exclude negotiable time certificates of deposit,
which
are included in "Other liabilities."
Data not available separately prior to April, 1978.
Data on the two lines shown for this date differ because of changes
In reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the
second
line are comparable to those shown for the following date.
1,911
1,910
232
2
32
515
529
19,546
19,355
1,032
1,581
1,743
4,408
502
513
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and
those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
deposits are included in "Oth?r liabilities"; certain accounts
previously classified as "official Institutions" are included with
"banks"; and a number of reporting banks are included in the
series
for the first time.
Preliminary.
4,458
4,358
4,331
4,764
4,408
3,986
September 1981
77
.CAPITAL MOVEMENTS.
Section
I
Liabilities
-
Table CM-I-2.
Part B
-
-
Total
to
Foreigners Reported by
Liabilities
Banks
in
the
United States
by Type, Payable in Dollars— Continued
Nonmonetary International and Regional Organizations
(In millions of dollars)
78
Treasury Bulletin
CAPITAL MOVEMENTSSection
I
Liabilities
to Foreigners Reported by Banks in the
United States
Table CM-I-3. - Total Liabilities by Country
I
,
.
,
.
.
,
79
September 1981
-CAPITAL MOVEMENTSSection
I
-
Liabilities
Table CM-I-4.
-
to
Total
Foreigners Reported by Banks in the United States
Liabilities by Type and Country, as of July 31, 1981
Preliminary
layable
Uabili
To foreign official
institutions and
affiliated foreign banks
LlablUttes
banks'
Banks"
own lia-
I
(J.S
isury
biUtles
Belgium-Luxembourg.
Bulgaria
Ciechoslovakla
Denmark
Finland
France
German Democratic Republic,
Germany
Greece
Hungary
Other
liabilities
419
739
430
294
,060
178
255
160
961
116
^595
',465
9,163
533
29
u«iy
6,245
1.416
Netherlands
Norway
Poland
Portugal
Romania
Spain.
Sweden
Switzerland
Turkey
United Kingdom..
U.S.S.R
Yugoslavia.
Other Europe.
1,781
1,301
110
673
s?0
itit'i
68
1,3 36
i.g's
16,316
222
1.329
1,963
432
356
190
:,995
,
408
5.160
.
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
L
Total Latin Amer
Caribbean
1.991
411
12i
5,5'}6
480
^,223
364
165
243
3,66'
1,959
and
China:
Mainland.
Taiwan...,
Hong Kong..
India
Indonesia.
Israel
1,309
387
19,634
1,262
133
Lebanon. .
Malaysia..,
Pakistan..,
Philippine:
Singapore.,
Syria
Thailand.
Other Asia.
.
403
333
996
1,966
27
438
.
15,21t>
Total Asia
Africa :
Egypt
Ghana
Liberia
Morocco
South Africa
,
,
Other Africa.,
Total Africa.,
Australia,.
All other,.
Total foreign
.
rie
International and region
International
European regional.,.,
Latin American region
Asia
gio
al.
Afri
Total Internatloi
and regional..
doUa
Liabilities t
Payable
dollars
1
404
2,974
440
6,241
foreign
offices
to
all other foreignevi
landTiiD
80
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-1.
-
Total Claims by Type
(old series)
(In millions of dollars)
Payable in dollars
End of
calendar
year
or month
Total
t.l.jn3
clams
Official
Other
insti-
for-
tutions
(1)
Payable in foreign currencies
(2)
eigners
out-
Acceptances
made for
account
of foreigners
stand ing
for
account of
reporting
banJis and
domestic
customersf7)
Deposits
of
reporting
banks and
domestic
customers
with fore igners
Other
claims
1969 1/.
12,828
12,930
12,295
12.397
1970
(3)
(5)
(6)
6,323
1968
1,934
3,614
1,733
2,854
903
466
336
2,155
2,152
3,169
3,169
1,954
2,015
3,169
3,202
1,084
1,096
534
534
352
352
1,956
3,170
2,389
2,928 2/
2,395 2/
4,122
4,113
2,475
2,475
4,254
1,407 2/
1,979 2/
864
917
549
548
441
441
6,087
6,084
764
764
5,749
(8)
(9)
(10)
1,118
16,837
16,939
15,973
16,022
7,848
7,314
79R
1972 1/
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
886
1973.
197^.
1975.
1976.
26,719
46,235
59,767
81,135
25,985
44,958
58,307
13,106
17,777
79, 302
28,308
5,129
8,263
9,202
13,406
6,532
7,805
10,324
12,018
1977.
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
21, =16
1,444
1,709
1,989
2,885
92,562
QCl.JO'.
3o,b:>i
2, Ota
15,367
12,302
6,176
14,212
39,187
June.
80,476
82,033
78,510
30,065
27,065
26,590
2,663
2,662
13,002
12,532
11,401
11,396
6,317
6,417
13,087
13,209
Julj.
Aug..
Sept.
Oct. .
Nov. .
Dee.,,
32,041
33,848
81,874
81,085
83,812
86,507
87,357
80,039
92 , 562
81,869
84,300
85,270
90,205
27,921
27,284
28,997
28,969
28,183
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
11,556
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
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
14,115
16,949
16,596
12,3*6
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
1971 1/ 2/.
1978-Jan.
.
Feb.
.
Mar...
Apr. .
ote:
"short-tejT or'-f'
78,<(70
806
''''°'° previously classified as
either
.o;:;hir^.:r^tjT-:d:.-ardiico---ed-ur„f^\ip^^.r"-filed a, of April 30, 1978.
and the historical series
1/
=-
hl^been
^e^-^f^r-L ^r:h^-rr%-^-?.-r:f
Data on the two lines shown for this date
differ betause of changes
In reporting coverage.
Figures on the first line are comparable in
(11)
A, 243
:
.
September 1981
SI
-CAPITAL MOVEMENTSSection
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-U-3. - Total Claims by Country
("rcsltlon at end of peri.^d
Au Stria
Belgium- Luxembourg.
Bulgaria
Czechoslovakia
Denmark
Finland
Prance
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
270
32fl
<
'
Po 1 and
Portugal
Roman i a
Sp^in
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia.
Other Europe.
it,
502
67
1,327
2i.l
33
1,715
804
323
411
189
108
1,252
581
l,67q
3f.5
'4,124
4 38
.
iii5"
147
Total Europe.
31,187
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 ;
Ch ina
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other Asia
1^/
Total Asia.
Africa :
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.
2
u,
milli.L.s
..f
dullars)
82
Treasury Bulletin
CAPITAL MOVEMENTSSection
Table CM-II-4.
-
II
-
Claims on Foreigners Reported by Banks
in the
United States
Total Claims on Foreigners by Type and Country Reported by Banks in the UJS. as of
Jme 304981
September 1981
83
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-5.
Banks' Own Claima, by Type
-
84
Treasury Bulletin
-CAPITAL MOVEMENTS-
Tabl* CU-II-6.
Section II - Claims on Foreigners Reported by Banks in the United States
Banks' Own Claims by Type and Country, Payable in Dollars, as of July 31, 1981
Preliminary
85
September 1981
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-7.
in the
United States
Domestic Customers' Claims by Type
I
Treasury Bulletin
86
.CAPITAL MOVEMENTS.
Section
III
-
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
(Position at end of period in millions of dollars)
Total banks' own claims
Total liabilities
Country
December
Other Europe
Cyprus
Iceland
Ireland
Monaco
Other Latin America and
Caribbean
Barbados
Belize
Bolivia
Costa Rica
Dominican Republic
El Salvador
French West Indies and
French Guiana
Guyana
Haiti
Honduras
Nicaragua
Paraguay
Suriname
Other Asia
Afghanistan
Bangladesh
Brunei
Burma
Jordan
Kampuchea (formerly Cambodia)
Macao
Nepal
Sri Lanka
Vietnam
Yemen (Aden)
Yemen (Sana)
Other Africa
Angola
Bu rund i
Cameroon
Ethiopia, Including Eritrea,.
Gu inea
Ivory Coast
Kenya
Madagascar
Mauritania
Mauritius
Mozambique
Niger
Rwanda
Sudan
Tanzania
Tunisia.
Uganda
Zambia
All Other
New Hebrides
New Zea land
Papua New Guinea
U.S. Trust Territory of
the Pacific Islands
65
5')
48
32
36
111
33
105
236
165
186
21
153
24
212
166
70
37
12
210
8
Itjl
1<)5
287
239
12
21
67
168
15»
188
189
355
301
20
36
63
141
165
83
6
193
243
216
203
403
265
340
275
73
148
170
87
23
105
98
13
103
36
2
:jo
o8
3
18
52
6
5
36
23
56
11
9
29
65
35
10
36
69
37
18
39
10
13
8
36
5
51
7
36
56
46
14
146
8
15
26
14
1
4
11
23
27
36
26
13
30
43
82
32
22
23
66
17
27
157
185
125
15
37
14
148
23
22
55
122
n.a.
f
87
September 1981
.CAPITAL
Section III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Banks in the Unitad States
Table CM-III-i
-
Dollar
Qaima ob Nonbank
(Position at end of period in millions of dollars)
Foreigners
Treasury Bulletin
88
CAPITAL MOVEMENTS
Section IV - Liabilities to Foreigners Reported by Nonbanking' Business Enterprises in the United States
Table CM-IV-1. - Total Liabilities by Type
September 1981
89
-CAPITAL
Section IV
-
Liabilities to Foreigners
MOVEMENTS-
Reported by Nonbanking Business Enterprises
Table CM-IV-2.
-
Total Liabilities by Country
in the
United States
90
Treasury Bulletin
-CAPITAL MOVEMENTSSection IV
-
Liabilities to Foreigners
Table CM-IV-3.
-
Reported by Nonbanking Business Enterprises
Total Liabilities by Type and Country as of
March
31,
in the
United States
1981 Preliminary
91
September 1981
CAPITAL MOVEMENTS
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-1.
-
Total Claims by Type
(In millions of dollars)
Treasury Bulletin
92
CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-2.
-
Total Claims by Country
in
the United States
93
September 1981
-CAPITAL MOVEMENTSSection
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-3.
-
ToUl Claims by Type and Country
as of
March
31,
1981
Preliminary
94
Treasury Bulletin
CAPITAL MOVEMENTS
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-1.
Foreign Purchases and Sales of Long-Term Domestic Securities by Type
-
(in millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
Corporate and other securities
U.S. Gov
t corporations and
Federally-sponsored agencies
Net foreign purchases
Calendar year
ot month
Foreign countries
Official Other
instiforeigntutions ers
(1)
1,661
3,281
465
-642
1,612
3,117
20,377
3,729
1,697
3,865
5,947
692
762
-767
1,752
680
664
196
1,035
1,827
1,480
865
1,404
1,084
495
1,995-
p.
1930- July
Aug..
Sept.
Oct..
Nov..
Dec.
1981-Jan
Feb
Mar
.
Apr.
. .
.
364
713
.
May
June p.
1,266
July p.
y
C)
728
1,882
7,834
regional
-119
1,672
3,316
305
-472
1981-Jan.-July
and
(3)
8,096
22,843
4,710
2,723
4,906
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
(2)
Gross
Interforeign
national
purchases
-22
130
57
5
-165
69
203
roi
180
2,702
(5)
Gross
foreign Net
Gross
sales
foreign foreign
purchase lurchases
(6)
(7)
Gross
foreign
sales
(10)
(8)
742
Jet
Gross
jross
foreign
foreign foreign
jurchases purchase ales
1,713
384
2,414
4,358
2,738
3,382
8,898
25,610
39,818
32,362
299
-841
41,034
51,181
1,043
2,433
3,854
6,903
17,514
16,974
27,651
38,310
46,275
1,495
392
36,944
29,110
1,584
6,359
4,775
33
-104
4,168
3,477
482
1,046
-745
1,023
663
147
158
-168
403
39
490
293
-222
-127
238
174
-17
550
209
-36
577
301
3,845
4,923
3,335
3,352
5,559
301
-335
3,078
6,675
4,015
4,017
5,755
1,077
947
566
317
527
739
602
223
-54
91
3,316
5,250
7,162
4,750
5,129
7,210
2,281
3,423
5,682
4,386
4,416
5,946
413
332
102
1,056
802
980
1,128
507
954
643
658
956
510
473
953
4,125
2,976
(U)
(12)
703
1,881
1,961
766
1,202
1,617
1,024
688
2,904
2,967
4,723
5,828
8,621
5,408
5,529
3,592
3,459
3,316
5,703
2,263
2,842
3,867
7,582
4,642
4,327
1,975
2,435
2,628
2,799
3,046
4,903
1,857
564
321
277
753
598
2
571
17
294
-148
365
141
27
145
1,14<)
980
n.a
n.a
2,712
1,273
545
2,557
n.a
n.a
n.a
n.a
n.a
4,297
4,526
5,519
9,722
144
24
618
35
2
n.a
n.a
n.a
n.a
n.a
n.a
1,585
3,253
4,974
7,165
1,039
Gross
foreign
purchases purchases
(13)
731
Gross
foreign
sales
(14)
(15)
4,678
2,753
2,675
2,423
1,658
5,358
4,737
11,626
14,361
12,767
7,636
15,355
18,i27
14,154
20,145
22,781
40,320
26,014
2,188
2,790
540
10,894
12,173
9,978
7,096
10,678
15,475
11,479
17,723
21,123
34,962
21,277
689
334
310
3,110
2,800
510
344
515
246
187
150
212
164
381
2
24
203
241
519
869
644
3,505
3,569
4,438
4,457
4,345
3,301
3,329
3,920
3,588
3,701
421
387
173
205
283
264
196
625
407
637
718
1,225
3,425
2,720
3,951
4,041
4,083
2,800
2,313
3,314
3,323
2,858
984
497
935
4,354
3,419
190
3,440
3,250
324
194
302
83
157
320
395
772
157
191
493
600
1,054
487
930
Data include transactions in issues of states and
municipalities.
Through December 1976, data also included transactions in Issues
of U.S. Government corporations and Federally- sponsored
agencies.
Net
foreign
964
Preliminary,
p
n.a. Not available.
Table CM-VI-2. Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners
or a net outflow of capital from the United States)
Net
Foreign bonds
Foreign stocks
foreign
Calendar year
purchases
Net
Gross
Gross
or month
Net
Gross
of foreign
foreign
foreign
foreign
foreign
foreign
securities
purchases
purchases
sales
purchases
purchases
(1)
(2)
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
1979.
1980.
1981 Jan.
-984
-622
-818
034
(4)
(5)
(6)
(7)
989
-935
-1,031
-993
-2,218
-6,338
-8,774
-5,096
-4,182
-3,855
-900
:,871
-2,668
9,71b
12,384
-203
5,655
5,858
290
-466
-643
-551
368
1,7 30
-265
-84
-207
221
149
-77
-201
-558
-343
129
-71
663
605
694
795
927
805
1,253
1,138
220
1,374
1,231
1,651
1,254
1,786
1,362
1,639
1,316
1,859
1,161
1,566
721
792
1,379
1,267
1,827
1,786
1,487
1,956
35
13
-141
-632
-194
-447
1,142
1,296
1,686
1,154
1,292
1,509
696
709
763
851
853
891
661
697
950
941
821
1,005
-1,046
1,636
2,682
891
783
526
097
506
655
641
-
July
1980- July
Aug
Sept
Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr ...
May....
June p,
July p.
p
(3)
Gross
foreign
sales
Preliminary
p.
,
,
-202
42
-328
-723
-162
-561
92
-237
29
1,687
1,901
1,474
1,036
2,383
4,932
8,040
11,101
12,672
17,069
2,621
2,932
2,467
3,254
8,720
13,706
13,136
15,283
16,527
17,970
-49
-786
-2,089
1,385
2,532
1,729
1,907
1,542
1,937
2,255
3,666
4,615
7,885
1,434
2,123
1,554
1,723
1,730
2,259
2,665
3,139
5,401
9,974
409
176
184
-188
-323
-410
52 7
-187
-90
32
-114
740
798
September 1981
95
CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Table CM-VI-3
-
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
doLlar?; nee.itive fi^Lire=
indirr.te net
?a
efi
bv
toreigner? or
a net
outflow of capital fron
tlie
United St ites)
96
Treasury Bulletin
-CAPITAL MOVEMENTS- Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Section VI
T«ble CM-VI-4.
-
September 1981
97
CAPITAL MOVEMENTSSection VI - Traneactiona 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
ilIion& of dullj
United States)
Treasury Bulletin
98
CAPITAL MOVEMENTS-
- Tr«ni«otion» in Long-Term Secaritiei by Foreigners
Reported by Bank* and Brokers in the United States
Table CH-VI-6. - Net Foreiga Transactions in Domestic Stocks by Country
ScctioB VI
(In millions of dollars; negative figures indicate net s^l,
v
t.tiisjn-^rc
,,r
^
net outflow of capital fror, the I'nl^cd
.
.
.
.
.
.
.
,
.
99
September 1981
-CAPITAL MOVEMENTSSection VI
Table CM-VI-7.
(Iri
Transactions in Long-Term Securities by Foreigners Reported
by Banks and Brokers in the United States
Country
Net Foreign Transactions in Long-Term Foreign Bonds by
ted
-
-
States)
millions CI doll.
1481
through
July p
Austria
Belgium- Luxembourg
Bulgaria
Czechoslovakia
Finland
France
German Democratic Republic,
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
-98
-13
-92
-17
Derjnark
-187
-126
1
33
Por tugal
Romania
Spain.;
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
I
I
-135
lag
-196
-10
-35
Total Europe.
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Ca 1 omb la
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela,
Other Latin America and
Caribbean
:
16
21
*
-37
32
-1
I
15
-177
3-:.
11
5i
5
Total Latin America and
Caribbean
China:
Mainland.
Taiwan. .
Hong Kong..
India
Indonesia.
Israel
Japan
Korea
Lebanon
Malaysia. ..
Pakistan. , ,
Philippines.
Singapore, .
Syria
Thailand.. ,.
Other Asia.
-1
-12
-159
310
-38
.
Total Asia..
Africa
Egypt
Ghana
Liberia
Morocco.. . . .
South Africa.
Zaire
Other Africa,
:
.
Total Africa.
Other CQi-ntries
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
p
*
Preliminary.
Less than $500,000.
-15
207
Treasury Bulletin
100
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country
millions of 'iollars; negdtive figures indicaifc net sdits
by
foceitnei-- oi
.a
ntL i.utfl'w
..f
L^piidl
f
i ,..tn
the Ignited Sla
September 1981
101
-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 1981 Preliminary
Treasury Bulletin
102
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banlis 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 1980
September 1981
103
-FOREIGN CURRENCY POSITIONS.
Background
have
Data
collected
been
positions
currency
banks
of
since
197^
on
nonbanking
and
foreign
the
firms
the
in
United States, and on those of foreign branches, majorityforeign
owned
partnerships,
majority-owned
and
foreign
aubsldlaries of United States banks and nonbanking firms.
"Majority-owned
partnerships"
foreign
are
those
organized under the laws of a foreign country in which
one
nonbanking
more
or
institutions
indirectly,
the
in
own more
concerns
United
or
States,
than 50 percent
nonprofit
directly
or
profit interest.
Reports cover nine major foreign exchange market currencies
"Majority-owned
and United States dollars held abroad.
corporations in which one or more nonbanking business
required
pursuant
Title
to
Reporting has been
of Public
II
Law
93-110,
foreign
subsidiaries"
are
foreign
an
concerns or nonprofit institutions located in the United
of September
amendement to the Par Value Modification Act,
States directly or indirectly own stock with more than
Statistics
21, 1973, and implementing Treasury regulations.
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.
The
report
forms
instructions
and
used
the
in
of
entitled
stock
vote,
to
more
or
than
50
Reporting Threshold
collection of bank data were revised effective with reports
as of November 1,
for the weekly
1978,
reports,
and as of
The exemption level applicable to banks and banking
October 31, 1978 (the last business day of the month), for
institutions is $10 million equivalent.
the monthly reports.
level
foreign currency
The most recent revision of the nonbank
(see below) became effective as of
forms
the last business day of September 1978.
Among the changes
the Belgian franc was deleted as a reporting
on the forms,
currency.
applicable
to
nonbanking
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
Comnon 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,
Canal
the
Zone,
Virgin Islands, and Wake Island.
other
locations
than
the
Midway
Island,
the
The term "foreign" means
"United
States",
term
The
"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.
of foreign nonbanking concerns,
and
positions",
branches and subsidiaries
in the case of "nonbanking
agencies,
the
branches,
and
subsidiaries located in the United States of foreign banks
and
banking
institutions,
in
the case
of
the
weekly
and
Bonthly "bank positions",
Data
amounts
for
"foreign
reported
partnerships
and
by
branches"
"abroad"
and
reflect
subsidiaries
the positions of
include
majority-owned
branches,
the
majority-owned
States banking and nonbanking concerns.
data do not
foreign
these
parents
The
accounts.
data
Include
the
reported
foreign
currency
of
assets,
liabilities,
exchange
contracts
bought and sold, or the net position in the currency.
In
in
on
the
basis
of time
United
the
branch
States and
subsidiary.
or
separately
majority-owned
branches,
foreign
each
foreign
their
foreign
to
reports
In
on
partnerships
and
majority -owned foreign subsidiaries, United States banks
and nonbanks are
dollar
-
required
denominated
to
report the United States
assets,
contracts bought and sold,
liabilities,
exchange
and net positions of those
branches, partnerships, and subsidiaries with reportable
positions in the specified foreign currencies.
Description of Statistics
or
foreign
Assets, liabilities, and foreign exchange contract
are
entire
their
United
of
In general,
subsidiaries of a few foreign-owned U.S. based corporations.
data
report
United States dollar equivalent value Is reached in any.
category
foreign parents* subsidiaries located abroad except through
intercompany
must
general, exen^tion 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
Data
collected
on
the
Treasury foreign currency
forms are
published
in
the
Treasury Bulletin in nine
Sections.
The
first
presents
section
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
United States dollar positions of the foreign branches
involved.
means due for receipt or delivery within
days
from the date of the report.
maturing in
I
2
"Spot"
business
"Short*term" means
year or less from the date of the report.
Section LX
Specified foreign currency.
and
subsidiaries
required
to
foreign currencies.
United
of
report
In
one
States
or
more
presents the
firms
of
the
which
are
specified
Treasury Bulletin
104
I
FOREIGN CURRENCY POSITIONS
Section
I
-
Summary
Positions
Table FCP-I-1. - Nonbankinf Firms' Positione
1/
September 1981
105
-FOREIGN CURRENCY POSITIONS,
Section
II
Canadian Dollar Poeitiona
-
Table FCP-II-1.
-
Nonbanking Firms' Positions
(In millione of Canadian dollars)
i/
Treasury Bulletin
106
FOREIGN CURRENCY POSITIONS
Section
II
Table FCP-II-3.
-
(In
-
Consolidated Monthly Bank Positions
le/
miUione of Canadian doltars)
Balance sheet items
End
of
nonch
(
Canadian Dollar Positions
Foreign exchange contracts 20/
Net
September 1981
107
pJOREIGN CURRENCY POSITIONS.
III
-
French Franc Positions
Table FCP-III-1.
-
Nonbanking Firms' Positions
Section
1/
108
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS,
Section III - French Franc
Positions
Table FCP-III-3.
-
Con.olidated Monthly Bank Po.ition.
(
In mil Uq^ns of French
Balance Sheet item
End
of
i«/
francs)
Foreign exchange contracts 20/
Maturity
month
Net
Assets
(1)
1980-Nov
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 daye-l month
Over 1 month-3 months
Over 3 month6-6 months
Over 6 months-l year
Over 1 year
(7)
Dec
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over
year
Total of all maturities
28,020
Sold
Net
(4)
(5)
(6)
9,146
13,143
21,117
17,188
5,654
2.003
9,269
15,136
23.359
17,318
5,577
2,085
4,108
495
728
-248
-123
-1,993
-2,272
-130
Summary ((7) + (8))
(1)
(2)
995
9,683
,
,
I
(4)
(5)
(6)
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7)
(3)
+
9,632
7,375
6,556
2,950
1,767
3,782
103
1,885
673
1,027
1,229
21,501
17,887
23,030
15,807
5,918
2,024
21,274
19,196
25,390
16,417
6,149
2,305
90,731
-4,564
227
-1,309
-2,360
-610
-231
-281
Total of all maturities
(8)
29,435
3,381
86,167
90,731
-4,564
10,355
8,619
5,912
2,992
1,983
3,818
9,409
8,846
5,837
2,157
946
-227
835
1,260
1,671
19,348
17,969
27,312
18,552
7,249
2,503
19,170
20,831
27,825
19,371
7,982
2,720
-2,862
-513
-819
-733
-217
4,560
92,933
9
92,933
97,899
Capital assets, liabilities..
<9)
-550
32,816
(7)
Summary ((7) + (8))
,
723
2,147
33,679
Demand /spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand /spot
3 days-1 month
Over 1 month-3 months
Over 3 month6-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities...
(9)
Summary CC7) + (8))
75
178
7,899
1,303
30,422
(2)
(3)
(4)
(5)
(6)
See footnotes following ycP-Ix-3.
-986
1,304
(8))
(6)
(1)
10,618
7,272
4,671
2.277
740
2,553
86,167
Demand/spot
3 days-1 month
Over 1 inonth-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(1)
(2)
(3)
(4)
(5)
-4,006
64,471
Demand/spot
3 days-I month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(I)
(2)
,
37,490
372
77
72,774
64,471
(7)
-82
,
30,926
overall
position 21/
-1,265
-2,520
447
1,556
Capital assets, liabilities.
(9)
^r
577
1,479
1.077
Bought
3.510
(8)
Mar
10,924
6,585
4,891
2,290
660
2,670
Summary ((7) + (8))
(7)
feb
(3)
32,128
(3)
(4)
<5)
(6)
1981-Jan
(2)
Net
Capital assets, liabilities
(9)
Liabilities
11,419
7,313
4,643
2,867
2,139
3,747
Total of all maturities....
(8)
J_9/
-4,966
September 1981
109
POREION CURRENCY POSITIONS
Section IV
Table FCP-IV-1.
-
German Mark Positions
Nosbansiaf nrms'
(In millions of marks)
Po
Positional''
Treasury Bulletin
110
ii»r.DPT^xt
CURRENCY
Section IV -
p^o'^T#x».,t.
German Mark
Position!
Table FCP-IV-S. - Consolidated Monthly Bank Poaitioas
{
End
uf
munth
[n
^a lance sheet
items
Fore ion oxchjjnijo cont ractt.
MaLur iCy
sets J_n/
Ml
is/
nillions uf markb)
I.la^llltles
f?l
Wet
Ml
Ro.
2*^/
September 1981
111
FOREIGN CURRENCY POSITIONSSaction V
-
Italian Lira
Tabic FCP-V-1.
-
Nonbanking Firms' Positional/
(In millions of Itrcl
Position
Positions
Treasury Bulletin
112
.FOREIGN CURRENCY POSITIONS!
Section VI
-
Japanese Yen Positions
Table FCP-VI-1.
-
Nonbanking Firms' Positions
(In millions of yen)
PosiCion
x/
1
September 1981
113
.FOREIGN CURRENCY POSITIONS.
Section VI - Japanese Yen Positions
Table FCP-VI-3.
-
Consolidated Monthly Bank Positions
M
(In millions of ven)
a
lance sheet
items
Maturity
End
Foreign exchange contracts 20/
Net
of
monCh
Liabil
it ies
overal
position 21/
(7)
Capital assets, liabilities
Sunmary (C7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities....
(6)
Capital assets, liabilities
(9)
Summary ((7)
(l)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities....
(8)
Capital assets, liabilities
(9)
Summary ((7)
(1)
(2)
(3)
(6)
Demand /spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets,
(9)
Summary {(7)
(I)
(2)
(3)
(4)
(5)
(6)
Demand /spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities
(9)
Summary ((7)
(I)
(2)
(3)
(4)
(5)
(6)
Demand /spot
3 days-l month
Over I month-3 months
Over 3 inonths-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities....
(9)
Feb. ...
Total of all maturities....
(9)
1981-Jan
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 month6-6 months
Over 6 months-1 year
Over 1 year
(8)
Dec
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1980-Nov
Summmary ((7) + (8))
(4)
(5)
Mar. ...
Apr. ...
+
+
*
+
598,116
792,570
896,677
304,034
43,906
125.285
565,342
966,127
871,086
251,335
45,531
134,068
(8))
470,114
949,937
922,494
209,245
44,886
140,770
{8))
516,506
937,480
925,410
216,265
52,603
145,174
liabilities
(8))
613, 790
1,030,526
885,239
152,025
58,308
155,370
(8))
See footnotes following Table FCP-IX-3.
500,182
993,353
932.491
272,822
60,660
147,396
2,906,904
48,595
2,
955,499
S23,791
Treasury Bulletin
114
FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VII-l.
-
Swiss Franc Positions
Nonbanking Firms
(In millions of Swiss
PO!
francs)
PositioM
i/
))
)
,
115
September 1981
.FXDREIGN
Section VII
Tabla PCP-VII-8.
^
End
of
month
Maturity
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-I month
Over 1 iiionth-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets,
(9)
1980-Nov
Summary ((7) + (8))
liabilLtieE.
.
(6)
Demand/spot
3 days-l month
Over i month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets,
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year.
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
(1
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Dec
Summary ((7)
( 1
(2)
(3)
(4)
(5)
1981-Jan
Feb
Mar
*
1
iabil ites
, ,
(8))
(6)
Demand/spot
3 days-l month
Over 1 months-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(6)
Capital assets, liabilities.
(9)
Summary ((7)
(1)
(2)
(3)
(4)
(5)
(6)
Demand /spot
3 days-l month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-l year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7)
( I
(2)
(3)
(4)
(5)
Apr
(8))
*
(8))
See footnotes followine table FCP-IX-3.
,
,
,
,
,
-
CURRENCY POSITIONS.
-
Swiss Franc Positions
Consolidated Monthly Bank Positions^
(
Ip m\i
I
ions of Swi^s francs)
^
Treasury Bulletin
116
.FOREIGN CURRENCY POSITIONSSectioD VIII
Table FCP-VIII-1.
-
-
Sterling Positions
Nonbanking Firms' Positions
f[n mill ions of nounrls)
1/
September 1981
117
.FOREIGN CURRENCY POSITIONSSection VIII
Table FCP-VIII-3.
-
-
Sterling Positions
Consolidated Monthly Bank Positionsis/
(In millions of St.erlinR pounds)
End
of
month
Maturity
118
Treasury Bulletin
FOREIGN CURRENCY POSITIONSSection IX
Table FCP-IX-1.
-
-
United States
Dollar Positions Abroad
Nonbanking Firms' Foreign Subsidiaries' Positions
fin millions of ''nited States Hollars)
Short-term trade
Po&it ion
at end
of month
Liquid
September 1981
119
FOREIGN CURRENCY POSITIONSSection IX - United State* Dollar Position* Abroad
Table FCP-IX-3.
-
Monthly Bank Foreign Office Po*itio»«
(In fflillLonG of United States dollars)
End
of
month
Maturity
i*/
.
.
.
.
Treasury Bulletin
120
FOREIGN CURRENCY POSITIONS
6/
1/
Worldwide net
positions
the
the United
partnerships
major ity-otmed
in more than one year
Excludes receivables and
companies
in their majority-owned
investment
'
subsidiaries,
assets
fixed
U.S.
(plant
equipment
and
(plant
parent
,
Includes
prepayments
long-
,
and
)
parents
Fixed assets
investment
'
ma iority-owned foreign subsidiaries are exc luded
foreign
equi pment
and
inventories
and stocks, bonds, and other securities.
paper vhich have
installment
been sold or discounted before maturity,
from the report date.
,
term trade receivables, long-term intracompany claims,
subsidiaries
and
current assets other than liquid assets and short-
1
intracompany accounts
foreign branches and
their
and
States
Al
term trade receivables, and financial assets maturing
business day of
last
calendar quarter of nonbanking business concerns
the
in
on
in
.
and
)
7/
capitalized leases for plant and equipment.
liabilities other than short-term debt
financial
All
and short-term trade payables; includes long-term
2/
Poreign branches and majority-owned
partnerships
expenses
year
3/
Weekly worldwide
majority-owned
and
Excludes capital assets and
I
and
8/
subsidiaries
labilities,
more
Capital ized
date.
report
in
than one
plant
and
amounts
contracted
exchange
foreign
of
to
received
be
which
delivered
or
have
in
the
Excludes spot exchange
l^orelgn branches and majority-owned subsidiaries only.
J9/
_3/
the
Outstanding
been
future.
4/
maturing
foreign
their
foreign
from
accrued
liabilities,
intracompany
liabilities
and
,
equipment leases are excluded.
positions of banks and banking
net
institutions in the United States,
branches
payables;
trade
and
subsidiaries only.
worldwide
^k>nthly
including
positions
net
Columns (1),(3),(5), and (7) less columns (2), (4), (6),
and (8).
capital
assets and liabilities on the last business day of the
month of banks and banking institutions in the United
States
foreign branches
their
and
and
10 /
Representative
rates
on
the
date.
report
Canadian
dollar and United Kingdom pound rates are expressed in
majority-owned
U.S
subsidiaries.
.
dollars per unit of foreign currency, all others
in foreign units per U.S. dollar.
SECTION
THROUGH U^
ll_
11/
\J
Positions
nonbanking
of
business
concerns
partnerships and
positions
of
subsidiaries.
branches
foreign
and
section
In
and
banking
institutions
foreign
their
the
in
subsidiaries.
United States and their foreign branches and maiority-
owned
Banks
and
In
in
branches
Section
the
and
foreign
IX,
Uni ted
States
majority-owned
branches
majority-owned
12/
unsettled
contracts,
as
spot
foreign
exchange
as
currency,
demand
well
purchase
instrunents maturing in
parties
accounts
repayable
receivable,
and
loans to
Other
demand.
on
Sum of columns (3) and (8).
15/
Sum of columns (4) and (9).
16/
Sum of columns (5) and (10),
See footnote 10.
18 /
See footnote 11.
19/
Fixed-rate
year or less from
1
the report date, and Intracompany claims and
other
Includes both spot and forward exchange contracts.
time
and
deposits, negotiable and other readily transferable
financial
13/
17 /
Includes
Excludes capital assets and liabilities.
14 /
partnerships and subsidiaries only
2/
and
majority- owned subsidiaries only,
IX
loans,
unaccepted trade drafts are
excluded.
3/
Includes
unset t led
contracts
term
trade
year
or
payables,
from
less
portion
exchange
foreign
spot
sales
Intracompany liabilities, other than short-
,
of
short-term borrowings due
report
the
long-term
debt.
date,
Other
and
the
loans;
in
I
current
loans
are
reported
by
time
remaining
to
final maturity or the nearest call date, whichever is
accrued
earlier,
expenses and accounts payable are excluded.
and floating-rate loans by time remaining to
the nearest interest-fixing date.
t*J
Due
m
I
year
receivables.
or
less;
includes
Intracompany
Receivables and Installment
paper
trade
sold
20/
remaining to the nearest opt ion exercise date.
or discounted before naturlty are excluded.
_3/
Due
in
I
payables.
year
or
less;
Includes
intracompany trade
Option forward exchange contracts are reported by time
21/
r
Sum of columns (3) and (6).
Revised
.
n
.
a.
Not aval 1 able
.
September 1981
«,^________^
121
FINANCIAL OPERATIONS OF
Section-
Table GA-II-1.
-
II
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
(In millions of dollars)
Export- Import
Bank of the
United States
Fiscal year
or month
Repurchases
1971
1972
1973
1974
1975
1976
2
,
bkV
3,Uh5
0,257
3.903
7,829
T.Q
11 ,t>bb
2,7 59
1977
197e
1979
7,895
10,544
11,H48
1980
305
731
330
,141
,559
,281
422
,121
,399
,055
Repurchases
1,470
1,223
1,133
1,036
1,595
8'13
28
1981-Jan.
457
Feb.
Mar.
580
547
14
709
509
307
252
411
Apr.
May.
June
July
*
Less than $500,000.
2,622
2,165
1,979
945
2,105
Government
National Mortgage
Association
Repur-
Repurchases
cbasefi
269
243
145
20
21
3
21
2
IbO
104
2,005
2,430
3,324
2,172
6,415
4,247
1,070
5,445
9,407
10,375
3,355
2,026
2,300
1,501
1,232
6,963
1,592
2,118
938
1,473
4,884
833
1,470
1,188
558
1,005
1,465
511
14
Oct.
Nov.
Dec.
Housing and Urban
Development Dept.
11,463
12,469
1980-July
Aug.
Sept
Farmers Home
Administration
512
508
12
511
5;^
284
1,105
1.524
1,148
414
2,083
507
35
11
402
509
812
130
31
13
371
580
2,440
2,165
1,590
945
2,105
28
545
86
13
70 7
507
305
2 50
Small Business
Administration
Veterans
Administration
Repurchases
Repurchases
244
368
488
209
163
294
96
333
198
12
19
25
30
32
29
6
36
43
28
:
:
:
:
.
.
:
Treasury Bulletin
122
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND
FUNi5S
.^_^_^_^___,
Section II-Federal Credit Programs
Table GA-II-2.
Direct and Guarante«td Loans Outdtaadqii
-
June 30, 1981
fin thousands of dollars)
Oirect loans or credit
Agency and program
Amount
outstanding
I-Whol ly owned Government enterprises
United States dollar loans
Funds appropriated to the President
Appalachian regional development programs
Appalachian housing program
:
Foreign assistance:
Internat tonal security assistance:
Emergency security assistance for Israel
Foreign military credit sales
Liquidation of foreign military sales fund:
Long-term cred its
Ml I Iter y credi t sales to Israel
.
.
.
.
Total internat lonal security assistance
Internat tonal development assistance:
Ri lateral ass istance:
Agency for Internat lona 1 Development
Al 1 lance for Progress
development loans
Common defense, economic and triangular
t rade
loans
Development loan fund liquidation account
Development loans
Housing guaranty fund
Grants and other programs
Total agency for internat lonal development
Overseas. Pr ivate Investment Corporat ion
Total funds appropriated to the President
,
.
,
Agriculture Department
Commodity Credit Corporation:
Commod ity loans
lA)ng-term dol lar c red it sales
Short-term export sales credits
Storage fac 1 ity and equi pment loans
Energy loan guarantees
Noncommerc lal risk assurance
Total Commodity Cred it Corporat ion
1
Agricultural Market ing Service:
Ml Ik market orders assesment fund
Rural Electrification Administration:
Rural communicat ton development fund
Farmers Home Administrat ion:
Agricultural credit insurance fund
Farm ownership loans:
Farm enterprise
Nonfarm enterprise
Operat ing loans
Guaranteed operat ing loans
Recreat ion loans
Soil and water conservation loans
Emergency loans
Guaranteed emergency loans
Guaranteed emergency I ivestock loans
Economic emergency loans
Guaranteed economic emergency loans
Emergency loans refinanced
Ind lan land acquisition loans
Crazing, recreation, irrigation, and "-'orestrv
loans
Watershed works of improvement and flood
prevent ion loans
"Resources conservat ion and development loans
Programs in liquidation
Total agricultural cred it insurance fund
.
.
.
.
Rural development insurance fund
Water and waste disposal loans to associations.
Community facilities loans to assoc iat ions
Business and indust rial developoent loans
Guaranteed husiness and indust r la 1 devel . loans
Total rura I develoomcnl insurance fund
511, lOR
Waxinum
author i tv
Guarantees and insurance
1
/
Amount
out stand ing
Maxiinum
authority
2 /
f^vernment
fee or premium
Interest
range
(Percent
Maturity
range
)
3/
(Years) 3/
:
:
:
:
..
:
123
September 1981
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding
June 30, 1981
-CoBtinaed
fin thousands of Hollars)
ni rect
Amount
autVioritv
I-Wholly owned Government enterprises
United States dot lar loans - Cunc inued
Agr icul ture Department -Continued
Farmers Home Administrat ion-Con t inued
Rural housing insurance fund
Rural housing loans
Rura housing loans to senior cit izens
Rural rental and coo pe rat ive housing
Rural hous ing site loans
Labor housing loans
1.176.034
7, 583
461, 6R0
I
311
64 , 5
1
Total rural housing insurance fund
t
Self-help housing land development fund:
Self-help housing land development loans
Total Farmers Home Adminstrat ion
Soil Conservation Service:
Water conservation and utilization proiccts...
Watershed and flood prevention operations
Total Soi
I
Conservat ion Service
Total Agriculture Department
Commerce Department
Economic Development Admin is t rat ion: 26/
Revolving fund
Trade ad iustment ass i stance
Total Economic Development Admin ist rat ion
Maritime Administration: 2h/
Ship sales (purchase money mortgage)
Federal ship mortgage insurance fund:
Direct loans
Guaranteed loans
Total Mar It ime Admini st rat ion
National Oceanic and Atmospheric Administration:
Federal ship f inane ing fund f ishing vessel s. ..
Coast a 1 energy impac t fund
Fisheries loan fund
.
Total Nat lonal Oceanic and Atmospheric Admin.
.
Total Commerce Department
Defense Department
Ml 1 itary Defense product ion guarantees:
Ai r Force
Army
Navy
Civil:
Ryukyu Islands
,
construct ion of power svstems
.
Total Defense Department
Educat ion Department
Col lege housing loans 2^/
Student loan insurance fund 26/
Higher education facilities loans and insurance
fund
2b^f
Elementary and secondary educat ion
Higher educat ion a I loans Co institut ions
Advances for reserve funds
Higher educat lonat loans to students
Loans to law enforcement students 26 /
Total Educat ion Department
Energy Department
Direct loans
Guaranteed loans
.
Amount
Maximum
outstanding
Agency and program
Hu a ran tees and insurance
loans or c red it
.710.007
If
1/
outstanding
Maxinum
authority 2/
rovernment
fee or premium
Maturit v
Interest
range
range
(Percent) 3/ (Years) 3/
:
:
.
:
Treasury Bulletin
124
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section II-Federal Credit Profframs
Direct and Guaranteed Loans OutatandittA
Table GA-II-2.
Jane
Z%
1981
-Continued
fin thousanrls of dollarb^
creH
loanis or
"^iruct
Amount
*^aximu"
oiitstand mt;
Agency and program
author it
(Guarantees
iL
ar\>^
Amount
v
I
/
''ax
iMitstand inp
author
insurance
Hovernnont
imum
it
:'/
fee or nre-niun
Interest
ranpe
(Percent)
I-Wholly owned Govyrnment enterprises
United States dollar loans - Continued
Health and Humar. Serv ices Department
Public Health Service:
Public Health Act 26/
Heal th maintenance Orgdinzat ion
loan
guarnatee and loan fund
Medical facilities guarantee and loan fund
Health teaching facilities construct ion
Guaranteed loans
Commun 1 1 y f ac ilities
Construction of hospitals and other
medical facilities
Health professions educaC ion fund
Nurse training fund
Other student loan program
Assistance to refugees
the t'.S
Total Public Health Service
iiS
^A")
iijlifln
33,'SRn
22,3Pfi
l^J 3n,nnn
113
2')!
A7,121
3,403
50,071
,
1
123, R43
,240,qnR
71,706
I
I
6 ,ft47
^75,075
m
3 ,'•0 3
U
TJt/
,f>li7
^''^.'^^^
Q,2I4
q,? \h
;of,,ofl ^
_
^
Social Security Administration:
Subsjstance, Laundry and Health Service ^11/ 2^^
^^^
^^
•
70f>,3S7
Total Health ana Human Services Department
Housing and Urban Development Department:
Housing Programs:
Federal Housing Administration:
Revolving fund 26/
Property impTovement loans
Purchase mon**y mortgage
Mortgage i.iso ranee loans
:
1
no.ftPP
B^.f^fq
4nO,RftR
Total Federal Mous ing Administration
revolving fund
2,6P?,nQ7
i,222,fi34
Housing for the elderly or handicapped
2
, f- *;
S
,
fi^P,2ftO
S34
I,RI4
30/ 1,3^0
666. 7 72
SJi
1,R|4
Total housing programs
6,976,440
31/
4
^/
Total Housing and Urban Development fVpartment
Tot a
1
774,4 3°
137,372
l,66h,Q77
2,
3,S't3
Total Government Nat ion a 1 Mor Lpa^c Assoc lat ion
Community planning and development:
Rehabilitation loan fund
Urban renewal programs
New communities guarantee fund 26/
Interior Department
Water and Power Resource Service:
Irrigation distribution systems
Small reclamation projects
Drought emergency assistance
,
.
t
ion.
30, "^
It?, 372
I
I
3,
''"'3
93Q,6»o
]Q,qi?'
12,323,323
123,341
31^,^23
2S,10h
ii,Oi^.
J
10 ,2 3°
I.Ofil
I
,
0^
I
32,4«3
2,PI
I
l,nf-|
I
,
Oft
I
S',i.«3
',"11
1,312
1,312
7,''f.fi
7
,26f,
'i'i,oi3
.'i
Liquidation of Hoonah Mousing Pruiect 26/
Footnotes dL end of sec
Q,
12,730,000
,
742,434
[O^giP
'*4,ini
Water and Power Resources Services
Bureau of Ind lan Af f.jirs
72
21'',Oj2
Bureau of Indian Affairs 26/
Revolving fund for loans:
Coopcrat ive assoc laL ions
Corporations and tribes
Credit associations
Expert assistance
Individual Indians
Total revolving fund for loans
Loan guaranty and insurance fund 26/
1
7
3^4 70]
.,
Geological Survey;
Surveys, investigations, and research
Tot a
l,3''0
466,
2 6/
TT/
'*nq,242
,
30Q'
IPl
6Q
I
,471
5,37S,R4f
63«,2ftO
77
/
126,nP2,l7Q
12^. g|
1 ft
Low-rent public housing:
Loans to States, territories, etc
Purchase money mortgages
Nonprofit sponsor assistance 26/
Community disposal operations fund 2fi/
Liquidation programs
Government Nat ion a I Mortgage Assoc lation:
Special assistance funct ions
Management and 1 iquidat ion funct ions
Emergency mortgage purchase assistance
Guarantees of mortgage-hacked
securities fund
27
i»nn,Rf>S
?,f.82 ,0^7
,iS43
4,S0Q
|n|
I7,30f',223
123, S43
2*>/i ,4
7o,non
74.^33
7.25—1 l.bd
*^anirit v
3/
ranoe
(^ears) 3/
3
:
125
September 1981
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section II-Federal Credit Programs
Table GA-II-2. - Direct
and Guaranteed Loans Out«ta&diA£
June 30, 1981
-Continued
(In thousands of dollars)
Direct loans or
Amount
outstanding
Agency and program
I-Wholly owned Government enterprises
United states dollars loans - Continued
Interior Department - Continued
Territorial Affairs: 26 /
Public works
Rehabilithation in Guam
Guam Power Aughor ity
Virgin Islands - Construction
^2P
l6,3Pri
i_
State Department: 26 /
Emergenc les in the diplomat ic and consular service.
Loans to the United Nations
^1
2^,^^2
Total State Department
3I,Q'^3
|96,A9i
3
Total Treasury Department
Veterans Adninistration:
Direct loans to veterans and reserves
Education loans
Loan guaranty revolving:
Acquired mortgages
Guaranteed mortgages
National service life insurance fund
Service-disabled 1 ife insurance fund
U.S. Government life insurance fund
Veterans insurance and mdemnit les
Veterans reopened insurance fund
Veterans spec lal 1 1 f e insurance fund
Vocational rehabilitation revolving fund
Total Veterans Administration
Independent agencies:
Community Services Administrat ion:
Loans to indivi duals
Loans to cooperative associations
Total Community Services Administration
Footnotes at end of sect ion.
,
08
1
23 t^*)
3S / ?,Rn6
6 7,
<16
I
2_
2TJ ,b^l
Total Transportation Department
Treasury Department
Chrysler Corp loan guarantee program 26/
New York City loan guarantee program 26 /
Fisherraans Protective Fund 26/
Miscellaneous loans and other assets:
Greece
Hungary
Turkey
Lend-lease and surplus property
United Kingdom
,^^^
1
3,^11
.
Transportation Department:
Federal Aviation Administration:
Aircraft loans
Federal Highway Administration: 26/
Right-of-way revolving fund
Safety construct ion fund 26/
Federal Railroad Administration: 26/
Loans to railroads
Railroad loans acquired by default
Trustee certificates of railroads
Urban Mass Transport at ion Administration: 26/
Urban mass transport at ion fund
Washingron Metripolitan Area Transit
Authority bonds
"^^ Q
16,
Total Territorial Affairs
Total Interior Department
12,*)il
I?. 105
362
122,141
1, 24 S, 07s
2.2M,Q67
3,648,4^1
413,^50
63.<1SS
1
.
360,
3
1
7
1,1 2'',Ofi4
30,fl36
4!, 455
1
, 1
74
43,513
60,522
360
3,145 ,34^
2,275
^
1*^4
,
7,46Q
c
red
it
Max imum
authority 1/
f^uarantees and insurance
Amount
outstanding
Maximum
authority^/
Covernment
Fee or premium
Interest
range
(Percent)
_3'
Maturity
ranee
(Vearsl
J^/
:
:
126
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding
(In thousands of do l lars
•
,
'direct
Agency ,„d p.„«.a.
.
1-tfhoIly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Cont mued
District of Columbia:
Loans for capital outlay 46/
Advances to stadium sinking fund. Armory
Board
Repayable advances
•
_
Total District of Colombia
Export-Import Bank of the United States:
Equipment and services loans
Commodity loans
Emergency loans
V.V^'.'.W..'.'.
Discount loans
Export-Import medium term-guarantees
Certificates of loan participation...
Insurance issued through the Foreign Credit
insurance Assoc lation:
Medium-terra insurance.
Short-tern insurance....
1,S62,4I5
"'""'"
,« nnn
uu ,(inn
\
Indefinite
subt'otaM!??!::::;;:
Held by lending i„stitut;;;;';;rg:a;.;;e;d',;;
insured by the Federal Government
I'ftn?
~
~
~
'
"
454. 99Q
M^'ohS
-
"
_
nit
,o
^'^]l't]
"
i
'
'
-
,C,
^'
"
-.^.
^?23,6f>9
.
—
^
'
— ''~*/2
2—44
*2"**
2--3
**^
1—5
6-8
1-12
''^Z
6--8
2-8
45/ l/2T-l-T72r
"''""
"^
'
335. »b6
HW,luf.
-
"
l,i>4f.,<ini
4.<12<.,713
4S/
49/
^'
6
.
"
"
7-7/8—8-3/8
"
"
"
-
5—12
"
"
-
5—6-1/2
0— ID
4--1/4-12
n--30
15, 118. ^3^
1/2-5
„„ ,„ 180 ^
up to lon days
^J;^ ^p^
^=====
'
'
"
343 232
Ulu'lL-i
"
1
:^=
'
ijj;',;^
^^^^^^^^^
"
1
'
^q'|,7
3n
Demand
4-3/4--8-1/2
—
"
:==^=^==^
o-.
„,,
^j
g^.
'"'^
'
tb/
Din
-.a
n.iW
22,54(1
3/3r
4-1/2-5-5/8
215,2 4
-
.
_
4—17.4
~
-
-
.,«
„
'
,
,—
,,, _-,
083
77n itn
,,'^,^
-
77 Oil?
"
I, 737,
t,'
""'
2a6'34ft
u'iqi
213 901
-
^^^^^=^=^
'
^/6, 264,122
^=
,non
'
~"
-
W
,
'
.
3
\
10 ST
5
ST
Do
25
20
15
ST
1
9-1/4
9-1/4
-
3(1
,_„,,,
'
1
"
'
i^_,..l»
„,
,^„
innn
"
"
"
3
3—21
-
-
.
,5
„
.
.
.
6.245-17.958
upto3ovears
"".IS"
75.836,109
714,792
-
56/2-5
"
35 ST
D^
Z
-
W
35--50 ST
'""
3-15
'
JrT-T.
''•""•"''
"
.
ST
—
„(,-,
6.733
ft.Bftg.ftlft
w
-
7b£ili2
7,;,
ft
'-1/' ST
/4J
'
iti
11,363
2.625,696
"*'
i/4r
1
' ST
9-1/4 ST
-
10,
"
'
'
"
,-,l\i,
664
.
~
25442
,,,.
1
1-25
'."""."""
^'^'^'"*5«
52/ 49,497,630
53/426 18o.2ft8
,
~
'
t=-
Rural electrifiction and telephone revolving
fund
T^Jeph^^i^e'sYs't em!"! :; ....".;;
Rural Telephone Banks:
Telephone systems
I'lll-yn
2.226.510
W
1,035.579
'
Total Rural Electrification Administration
United States Railway Association: 26/
"'""'''"'
Total off-budget Federal agencies
'°""'"'
Footnotes at end of Section.
11
1—30
,q.
,
47'pan
.00.330.34755/100.330.347
^'^^::^:::^:.--i---:
,
'
1
iq?
Ul' Wa
ST
«"9
^"^
22 OfiR 237
94.181.965
Off-budget Federal agencies 54/
*
5—40
==
i7*0fiR
ill,' lUi
(?e"rs)2/
^/?-3/a — 9-1/4
17.96ft
343.732
^ZT'
(Percent) ^Z
~
'
-
HZ'"
"
~
~
tjr~
Indefinite
._
Total budget Federal agencies
~
r..,.^^.„,
fee or oremium
_
6.264.122
W
authority ^Z
,h02 41^
14,h43.fl67
'"°"
Total Small Business Administration
Tennessee Valley Authority: 26/
Loans to aid States and TTTritories
United States Railway Association:
„^____
'
:
Total business loan and investment fund
Disaster loan fund:
Financial assistance program-
^„„„^
outstanding
U
*
.
Total Export-Import Rank of the United States
Federal Home Loan Bank Board; 26/
RevolvinR fund
77
Federal Savings and Uan Insurance Corporation:
Loans to insured institutions
Loans acquired from insured institutions
Total Federal Home Loan Sank Board
General Service Administration 26/
Liquidation of Virgin Is landT"Corporat ion
Surplus properity credit sales
Total General Services Administration
Interstate Commerce Commission:
Railroad loans
National Consumer Cooperative Bank:"26/
Cooperative loans
National Cred it Union Administ rat ion: 26/
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
author ,ty
-Continued
Ouarancees and insurance
„,,,_
,
1981
30,
)
loa ns or credit
outstanding
June
'^''iU'V''
4,124.868
H
~
163,147
205,468.815
50O.329
1,035.579
10,793.156
111,286,8 50
'3.
'
30, ^.^
395 000
„
,„, ,„^
440;4q6;776
'
'
:
.
.
:
:
,
1^7
September 1981
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND ^niang
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding
June 30, 1981
-Continued
(In thousands of dollars)
Hirect loans or cred
Guarantees and insurance
it
Agency and program
Amount
outstanding
Maximum
authority
Il-Wholly owned Government enterprises
Loans repayahle in foreign currencies
Funds appropriated to the President:
Internal lonal development ass istance: 2h/
Bi lateral assistance:
Agency for Internat lonal Development
Develupment loan fund 1 louidat ion account .
Private enterprises 3° /
Common defense, and triangular trade loans
Productive credit guaranty loans
Al t other loans
.
.
234,427
.
.
Total funds appropriated to the President
Treasury Department:
Lend-lease and surplus property 2h/
Internat 1 on al Common tc at ion Agency
Total Part II
Ill-Privately owned Government -sponsored enterprises
Farm Credit System:
Banks for cooperat ives
Cooperat ive associations
Federal intermed late credit hank s:
Production credit a&soc lat ions
Federal land banks:
Mortgage loans
Total Farm Credit System
Federal Home Loan Bank Board
Federal home loan banks:
Advances to member banks
Federal Home Loan Mortgage Corporat ion:
Mortgage loans
Total Federal Home Loan Bank Board
Federal National Mortgage Association
Student Loan Marketing Association 26/
Total Part 111
B,flnf.,767
ft,fln6,767
23,7n7,il'i
23,70 7,^1'!
42,6Q2.<)82
62,602.<»R2
75 ,207 ,163
60/ 60,026,220 6! /60,026 ,??0
62/
3,lfln,«iq
6S ,207 ,039
3,lS0.fliq
56 ,154 .^66
^05 773
56,15i,fl66
1^7,476,843
005,773
Amount
1/
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(Percent) 3/
^'aturity
range
(Years) 3/
.
128
)
Treasury Bulletin
FINANCIAL OPERATIONS TO GOVERNMENT AGENCIES AND FUNDS
Footnotes to Table GA-II-2 -Continued
19/
20/
Determined by the Secretary of Commerce,
Maximum authorization for direct and guaranteed loans is SI, 500,000
thousand which has been prorated between direct loans and jtuaranteed
21 /
Represents premium on insured loans; there is no premium on euaranteed
June 30,
loans.
22 /
23/
2U/
25/
26/
2 7/
28 /
29 /
30/
31/
32/
33 /
_3^/
_35/
36 /
5.2/
loans.
Advances- shall be repaid within such period determined by the
Corainissioner depending on the maturity and solvency of the reserve fund.
Not later than December 31, 1980, there shall he 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
inst itut ions.
Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning nine months after student leaves school.
As of Mar. 31, 1981 the latest available.
Consists of obligatons from liquidations.
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 fi2 in Part III of this
table).
Represents maximum authority to borrow from the Seceratary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans of SI, 276 thousand insured by the Federal Housing
Administration.
Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
Determinded by the Federal Housing Administration and the Veterans
Administrat ion.
Calculated monthly in reference to average yield of h-12 year
Treasury borrowings.
Statutory:
Application fee $10. Commitment fee, 0.3T of
principal up to 530,000 thousand and 0A7, over S30.000 thousand.
Guaranteed charge, 3X of principal amount guaranteed.
Annual charge,
O.^I of outstanding amount guaranteed for first seven vears, IT of
outstanding amount guaranteed after first seven years.
Loans may be paid off at any time by application of proceeds from
sates of land or capital grants or by refinancing.
As provided by an act approved August 6, 1956 (70 Stat. 104ft), loan
allocations to irrigation land holdings not in excess of IftO acres
are interest free.
Allocaton to nonirrigation uses and irrigation
land holding
excess of 160 acres bear interest based on the average rate on certain outstanding U.S. marketable obligations.
The guranteed loan rates are 7.8-10.2135:, and Federal funds rate plus
3/8T.
Direct loan rate is 5-1/2T.
Default of guaranteed loans.
Payment depends on liquidation of Centeral Railroad of New Jersey.
These figures are stated on an estimated basis.
Includes interagency holding 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: minimum period consistent with applicant's ability
to repay, not to exceed maximum maturity set by statute of 15 years
for loans to individuals and 30 years for loans to associations.
Statutory rate of interest shall he fixed by the Secretary of the
Treasury at the beginning of the 6-month period in which the loans
^re 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, JQfil were SO. 3 to SS.RR
on each SlOO of financed portion (contract price minus cash payment).
Guranteed interest rate will he IT above the Department of the
Treasury borrowing rate for comparable maturities and will be fixed
at time of authorization.
Includes guaranteed interest of S666 thousand.
Shipment coverage rates as of June 30. 1981 were SO. 53 to S6.62
on each $100 of financed portion (contract price minus cash payment).
Shipment coverage rates as of June 30, 1981, were $0.12 to $2.14
on each SlOO of gross invoice value.
Statutory formulas set minimum rates based on yields of I'.S.
Government obligations of comparable maturity. Accordingly, rates
charged may exceed minimum and may vary from month to month.
For
(
38/
39/
To/
4_1/
U2/
£.3/
Jti*J
1*5/
A6/
V7/
ZS/
^9 /
_50/
I
in
Amou
thousands
of dol lar s
m
37/
IP8I ll-3/fl7 for Fconomic Opportunity Loans and 13.565';
for Smal 1 Business Investment Company debenture purchases
No limitation has been placed on amount of d irect or guaranteed
loans that may be outstanding at any one time.
Th is figure represent s the amount of part ic i pat ton by private ent ities in partially guaranteed ri.9. credit programs.
This private
participation in the guaranteed loan programs of the various agencies is as follows:
_55/
56/
2?/
28/
60/
61/
:
September 1981
129
CUMULATIVE TABLE OF CONTENTS
October 1980 through September 1981
Issues
Sect Lon&
Article
Treasury financing operations
:
Federal Fiscal operations
Summary of fiscal operation
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
in Federal securit les tnet)
Trust fund transactions
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
Federal obligations
:
Account of the U.S _.__T reasur y
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 confuted interest
rate o.i interest-bearing public debt
Interest-bearing publ ic debt
Covernnent account series
Interest-bearing securities issued by
Government agencies
Participation certificates
Maturity distribution and average length of
marketable interest -bearing public debt
Debt subject to statutory limitation
Status and application of statutory limitation,.
Treasury holdings of securities issued by
Government corporations and other agencies....
Description of securities of Government corporations and other business-type activities
held by the Treasury
:
1«
20
23
23
Public debt operations
Maturity schedule of interest-bearing public
marketable securities other than regular
wet^kly and 32-veek Treasury bills outstanding.
Offering of bills
New money financing through regular weekly
Treasury bills
Offerings of public marketable securities other
than regular weekly Treasury bills.,
Unmatured marketable securities issued at a
premium or discount other than advance refunding ope rat ions
Allotments by investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills
Foreign series securities (nonmarketable)
issued to official institutions of foreign
:
countries
Foreign currency series securities (nonmarketable) issued to official institutions of
foreign countries
Foreign currency series securities issued to
residents in foreign countries
J ntted
States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods. Series E
through K
Redemption of matured and unmatured savings
bond s
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
Est imated owner sh ip by private investors
Treasury survey of ownership
Treasury survey
-
comwerical bank ownership
5«
.iitI
page nambers
:
Treasury Bulletin
130
CUMULATIVE TABLE OF CONTENTS.
October 1980 through September 1981 - Continaed
Issues and page nuraber
Sections.
Market (juotations on Treasury securities
End-of-month closing quotations
Qiart - Yields of Treasury securities
:
61
64
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 aunicipal bonds
:
Exchange Stabilization Fund
Balance sheet
Income and expense
:
National bank reports
Operating income and expense, and dividends of
national banks, calendar year 1979
:
International financial statistics
U.S. reserve assets
U.S. liquid and other liabilities to foreign
official institutions and liquid liabilities
to all other foreigners
U.S. liquid and other liabilities to official
institutions of foreign countries by area
Noomarketable U.S. Treasury bonds and notes
issued to official institutions of foreign
countries
U.S. position in the International Monetary Fund
Weighted average of exchange rate changes for
the dollar
:
,
Capital movements
Liabilities to foreigners reported by banks in
the United States
Claims OR foreigners reported by banks in the
United States
Supplementary liabilities and claims data reported by banks in the United States
Liabilities to foreigners reported by nonbanking
business enterprises in the U.S
Claims on foreigners reported by nonbanking
business enterprises in the U.S
Transactions in long-term securities by foreigners reported by banks and brokers in the
United States
:
Foreign Currency Positions
Summary
Canadian Dollar Positions
French Franc Positions
German Hark Positions
Italian Lira Positions
Japanese Yen Positions
Swiss Franc Positions
Sterling Positions
United States Dollar
Positions Abroad
«4
90
88
91
:
114
,
Foreign currencies acquired by the U.S Government without payment of dollars
Foreign currency transactions, summary and
country uses.........
Foreign currency traasacCions, U.S. uses and
trust funds
:
Financial operations of Government agencies and funds
Government corporations and other business-type
activities:
Statements of financial condition
Statements of income and retained earnines
Statements of accounts receivable
Statements of loans receivable
Fede ral credit programs
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund...
Federal Old-Age and Survivors Insurance Trust
Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Fund
Federal Supplementary Medical Insurance
Trust Fund
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts
:
127
12fl
130
13^
136
@FedFRASER