Full text of Treasury Bulletin : September 1982
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ffiEASURY DEPARTMENT
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DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
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OFFICE OF THE COMMISSIONER
WASHINGTON,
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September 1982
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Treasury Bulletin
DEPARTMENT OF THE TREASURY
OFnCE OF THE SECRETARY
WASHINGTON, D.C.
The Treasury Bulletin is for sale by the Superinlendeni of Documents,
U.S. Government Printing Office, Washington. D.C. 20402
CONTENTS
Page
-
Treasury financing operations
Ill
FFO-l.
FEDERAL FISCAL OPEKATIONS
Summary of fiscal operations
ffo-;.
Budget receipts by source
2
Chart
Budget receipts by source
4
rFO-3.
Budget outlays by agency
5
FFO-4.
Undistributed offsetting receipts
7
FFO-5.
Budget outlays by function
8
FPO-6.
Investment transactions accounts in Federal securities (net)
10
FfO-7.
Trust funds transactions
11
FFO-8.
Detail of excise tax receipts
12
FO-1.
FEDERAL OBLIGATIONS
Gross obligations incurred within and outside the
Federal Government by object class
1
14
FO-2.
Gross obligations incurred outside the Federal
Government by department or agency
FO-3.
Gross obligations Incurred outside the Federal
Government, comparative statement by
month
17
ACCOUNT OF THE U.S. TREASURY
Status of the account of the U.S. Treasury
22
UST-1.
15
Page
AVERAGE YIELDS OP LONG-TERM BONDS
Average yields of long-term Treasury, corporate, and
municipal bonds
70
Average yields of long-terra Treasury, corporate, and
municipal bonds
71
IFS-1.
INTERNATIONAL FINANCIAL STATISTICS
U.S. reserve assets
72
IFS-2.
Selected U.S. liabilities to foreigners.
73
AY-1.
Chart
IFS-3. - Nonmarketable U.S. Treasury bonds and notes Issued to official
Institutions and other residents of foreign countries
74
IFS-4. - Weighted average of exchange rate changes for the dollar
73
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS
U.S.
CH-I-1. - Total liabilities by type of holder
78
CM-I-2. - Total liabilities by type, payable In dollars - part A
79
CH-I-2. - Total liabilities to nonmonetary international and regional
organizations by type, payable in dollars - part B
79
CM-1-3. - Total liabilities by country
80
CM-I-4. - Total liabilities by type and country
81
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
CM-II-1. - Total claims by type
82
CM-II-2. - Total claims by country
83
Elements of changes In Federal Reserve and tax and loan note
account balances
>.
23
Gold assets and liabilities of the Treasury
24
MONETARY STATISTICS
Currency and coin in circulation
23
FEDERAL DEBT
Summary of Federal debt
26
FD-2.
Computed Interest charge and computed Interest rate on
interest-bearing public debt
26
CM-lV-1
- Total liabilities and claims by type
FD-3.
Interest-bearing public debt
27
CM-IV-2
- Total liabilities by country
FD-4.
Government account series
28
CM-lV-3
- Total liabilities by type and country
FB-5.
Interest-bearing securities issued by Government agencies
29
CM-lV-4
- Total claims by country
89
FD-6.
Participation certificates
30
CM-IV-5
- Total claims by type and country
90
Fl>7.
Maturity distribution and average length of marketable
interest-bearing public debt
31
FD-8.
Debt subject to statutory limitation
31
FD-9.
Status and application of statutory limitation
32
CM-V-2.
Foreign purchases and sales of long-term foreign securities...
91
FD-10.
Treasury holdings of securities
33
CM-V-3.
92
PDO-1.
PDBLIC DEBT OPERATIONS
Maturity schedule of Interest-bearing marketable public debt
securities
Net foreign transactions in marketable U.S. Treasury bonds
and notes by country
CM-V-4.
33
Foreign purchases and sales of long-term securities,
latest date
93
PDO-2.
Offerings of bills
36
CM-V-3.
New money financing through regular weekly Treasury bills
94
PDa-3.
38
Foreign purchases and sales of long-term securities,
latest year
PDO-4.
Public offerings of marketable securities
40
PDO-5.
Unmatured marketable securities issued at a premium or discount..
43
PDO-6.
Allotments by Investor classes on subscriptions for public
marketable securities
47
PDO-7.
Disposition of public marketable securities
49
PDO-8.
Foreign series securities
SO
FOO-9.
Foreign currency series securities issued to residents of
foreign countries.
32
SB-1.
UNITED STATES SAVINGS BONDS
Sales and redemptions by series, cumulative
53
SB-2.
Sales and redemptions by periods, all series combined
33
SB-3.
Sales and redemptions by periods, series E through K
54
Redemptions of matured and unmatured savings bonds
36
Sales and redemptions by denominations, series E, EE, H, and HH..
57
UNITED STATES SAVINGS NOTES
Sales and redemptions by periods
38
UST-2.
FD-1.
SB-4.
'
SB- 5.
'
OFS-1.
OFS-2.
TSO-1.
'
'
'
TSU-2.
ISO- 3.
TSO-4.
-
-
TSO-5.
-
39
Estimated ownership of public debt securities
60
61
Interest-bearing marketable public debt securities by type and
maturity distribution
62
Interest-bearing marketable public debt securities by issue
62
Securities issued by Government agencies
65
Securities Issued by Government-sponsored agencies
63
66
-
Treasury notes
66
MQ-3.
-
Treasury bonds
68
Chart
-
Yields of Treasury securities
69
Details of figures may not add to totals because of rounding.
- Foreign purchases and sales of long-term domestic
securities
91
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
Nonbanklng firms' positions
FCP-I-I.
-
FCP-I-2
- Weekly bank pos Itlons
.
96
96
CANADIAN DOLLAR POSITIONS
FCP-II-1. - Nonbanklng firms' positions
97
FCP-lI-2. - Weekly bank positions
97
GERMAN MARK POSITIONS
FCP-III-1. - Nonbanklng firms' positions
98
FCP-IIl-2. - Weekly bank positions
98
JAPANESE YEN POSITIONS
FCP-IV-1.
-Nonbanklng firms' positions
99
FCP-lV-2.
- Weekly bank positions
99
SWISS FRANC POSITIONS
FCP-V-1.
-Nonbanklng firms' positions
FCP-V-2.
-
Weekly bank positions
100
100
STERLING POSITIONS
FCP-VI-1.
FCP-VI-2.
TREASURY SURVEY OF OWNERSHIP
Summary of Federal securities
MQ-2.
Note:
LIABILITIES TO, AND CLAIMS ON, FOREIGNERS REPORTED BY
NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
OWNERSHIP OF FEDERAL SECURITIES
Distribution of Federal securities
Treasury bills
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA
REPORTED BY BANKS - U.S.
CM-IIl-l. - Dollar claims on nonbank foreigners.
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
CM-II-3, - Total claims on foreigners by type and country reported by
banks In the U.S
-
Nonbanklng firms' positions
101
Weekly bank positions
101
UNITED STATES DOLLAR POSITIONS ABROAD
FCP-VlI-1. - Nonbanklng firms'
FCP-VH-2.
-
foreign subsidiaries' positions..
Weekly bank foreign office positions
102
102
FINANCIAL OPERATIONS OP GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-II-l. - Direct sales and repurchases of loans
104
GA-II-2. - Direct and guaranteed loans outstanding
105
Cumulative table of contents
112
September 1982
///
TREASURY FINANCING OPERATIONS
Auction of 2-Year Notes
On August 18 the Treasury announced that
of
2-year notes
$4,557 million of notes maturing August 31,
refund
to
and to raise $1,943 million new cash.
of
Series
V-1984,
to
dated
be
maturity.
coupon rate
A
August
August
due
1982,
31,
11-5/8% was
of
1982,
The notes offered were Treasury Notes
last day of February and August
payable on the
Interest
would auction $6,500 million
It
31,
In each
$12 ,001
from
million,
of
which
price
11.383:,
$6,501
100.428,
year until
1:30 p.Ti.
million
up
EDST, August 25, and
,
accepted
was
to
yields
at
99.83 5.
price
t.72X,
1
11.671,
price
These
99.922.
million, of which $4,509 million was accepted.
to
totaled $13,926
They
1.
Issue was
The
1982.
16,
The average bank discount rate
13-Week and 26-Week Bills
Issues
million,
and
weekly
regular
of
Treasury
bills
August
in
$44,000
totaled
Issues were to refund bills maturing In the amount of $39,425
TTiese
raise about $4,575 million new cash.
to
there were four issues of $5,500 million.
also four Issues
13-week series
In the
the 26-week series there were
Average rates
$5,500 million.
of
In
for
new Issues are
the
shown In the following table.
Competitive
$1,485 million.
totaled
maturing September
1982,
18,
Tenders were opened on September
was 9.083%.
million.
Noncompet It ive tenders were accepted In full at the average yield of accepted
tenders,
new cash.
after the determination as to
set
Tenders for the notes were received until
totaled
dated March
raise
with
1984,
which tenders were accepted on a yield auction basis.
ranging
bills
tenders accepted from private Investors totaled $5,016 million.
addition
In
process,
Reserve
Federal
the
to
million
$350
$6,501
banks
million
agents
as
authorities and $570 million of
price
f
Annual average rate
(bank discount basis)
Date of Issue
auction
the
rom
monetary
International
and
Reserve banks
in
average
the
at
foreign
for
accepted
tenders
tenders were accepted at
Federal
from Government accounts and
of
accepted
were
tenders
of
the average price
for their own account
In
August
9.526
10,025
8.616
7.748
5
exchange for maturing securities.
12
19
26
Tenders were received at Federal Reserve banks and branches and at the
Bureau of the Public Debt, Washington, D.C.
authorized to be
Issued
$10,000,
$5,000,
and
$100,000,
Treasury Bills (Other than Cash Management Bills)
$1,000,000.
Treasury
On August 24 the Treasury announced that it would auction $4,750 million
5-year 2-raonth notes
The notes offered were Treasury
raise new cash.
to
1982, due November 15,
Notes of Series G-1987, to be dated September 7,
1987,
12-5/8% was set after the determination as to which tenders
Interest.
Tenders for the notes were received until 1:30 p.m., EDST, August 31, and
million,
$11, 078
of
which
$4,762
million
accepted
was
ranging from 12.64X, price 99.807, up to 12.69X, price 99.620.
tenders
the
for
$
yields
at
Noncompetitive
million or less from any one bidder were accepted In full at
1
average yield of accepted tenders,
$1,082 million.
12.68%,
price 99.658.
These totaled
Competitive tenders accepted from private Investors totaled
addition
process,
million of
$600
Reserve
Federal
$4,762
the
to
banks
million of
tenders were
agents
as
accepted
tenders
accepted at
for
foreign
the
and
in
average
the
auction
price
Inter nat lonal
from
monetary
series
All
discount
a
under
basis
Issued
are
entirely
competitive
and
book-entry form In a minimum
In
Tenders
received
are
Reserve
Federal
at
and
banks
Individuals at the Bureau of the Public Debt, Washington.
minimum
a
Tenders
$10,000.
of
for
Payment
$5,000.
full
the
par
$10,000
over
amount
must
applied
branches
and
from
Each tender must be
be
for
multiples
in
of
accompany all
must
tenders submitted for bills to be maintained on the book-entry records of the
A cash adjustment will be made for the difference
Department of the Treasury.
between the par payment submitted and the actual Issue price as determined In
the
auction.
need accompany tenders
No deposit
companies
trust
and
responsible
from
maintained on
Reserve banks and branches.
A deposit of
for bills
to
from Incorporated banks and
recognized
and
be
securities
$3,680 million.
In
on
the Federal Reserve banks and branches, or of the Department of the Treasury.
for
were accepted on a yield auction basis.
totaled
sold
are
amount of $10,000 and In any higher $5,000 multiple, on the records either of
with Interest payable on May 15 and November 15 In each year until maturity.
A coupon rate of
bills
—General
noncompetitive bidding, and at maturity their par amount is payable without
Auction of 5-Year 2-Month Notes
of
10.940
9.821
8.988
Bearer and registered notes were
denominations of
in
10.671
dealers
investment
In
the book-entry records of Federal
2
percent of the par amount of the
bills applied for must accompany tenders for such bills from others, unless an
express
guaranty
payment
of
Incorporated
an
by
bank
or
trust
company
accompanies the tenders.
authorities.
Noncompetitive tenders
Tenders were received at Federal Reserve banks and branches and at the
Bureau of the Public Debt, Washington, D.C.
Bearer and registered notes were
authorized to be issued in denominations of $1,000, $5,000, $10,000, $100,000,
any one
from
less
are
bills,
bidder,
accepted
In
(without stated price), usually for
for each
full
Issue
the
at
of
13-week,
weighted
26-week,
average
price
$500,000 or
and
of
52-week
accepted
competitive bids for an Issue.
and $1,000,000.
Payment
issue,
52-Week Bills
In
for
accepted
tenders must be made or completed on the date of
cash or other immmedlately available funds or In a like par amount
of Treasury securities maturing on or before that date.
On July 30 tenders were Invited for approximately $6,250 million of 364day
Treasury
to
dated
be
August
12,
and
1982,
to
mature August
1
1,
and
to
August 5.
provide
about
$
1
,738
ml 11 ion
new
cash.
Tenders were opened
on
Nonmarketable Foreign Series Securities
— Foreign
Governments
They totaled $14,630 million, of which $6,250 million was accepted,
Including $260 million of noncompetitive tenders
from
the
public and $1 ,323
million of the bills issued at the average price to Federal Reserve banks for
themselves and as agents for foreign and International monetary authorities.
An additional $2 million was
cash.
accounts.
The Issue was to refund $4,512 million of 364-day bills maturing August
1983.
12
bills
Payment for 13-week,
26-week, and 52-week bills may not be made by credit in Treasury tax and loan
Issued to foreign official institutions for new
The average bank discount rate was 11.195%.
Cash Management Bills
On August 27 tenders were Invited for approximately $4,500 million of 13day bills to be issued September 3,
1982,
representing an additional amount of
Dollar-denominated
foreign
series
securities
Issued
to
official
Institutions In August totaled $1,282 rallllon, consisting of seven bills and
one certificate of indebtedness.
Redemptions during the month totaled §2,319
the end of August,
dollar-denominated foreign series securities
million.
At
outstanding totaled $12,537 million.
(Details are shown on page 51.)
September 1982
FEDERAL FISCAL OPERATIONS,
Table FFO-1.
-
Summary
of Fiscal Operations
(In millions of dollars)
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Source
(In millions o
t"
dollarqj
Social insurance
taxes and contributions
Income taxes
Fiscal year
or month
Withheld
1/
Other
Refunds
Employment taxes and contributions
Corporation
Individual
Net
budget
receipts
Net
Gross
Refunds
Net
Net
income
taxes
Old-age, disability, and
hospital insurance
Gross
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
230,799
263,224
279,090
298,060
81,232
355,559
399,561
463,302
517,112
599,272
1982 (Est.)
1983 (Est.)
622,101
646,498
1981-July
Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
Hay
June
July
r47,829
47,976
60,594
45,467
44,317
57,407
55,269
43,042
45,291
75,777
36,753
66,353
44,675
Fiscal 1982
to date
513,148
98,093
Refunds
Net
September 1982
-FEDERAL FISCAL OPERATIONS
Table FFO-2.
-
Budget Receipts by Source-Continued
(In millions of dollars)
Treasury Bulletin
4
FEDERAL FISCAL OPERATIONS
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September 1982
FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget Outlays by Agency
(Tn millions of dollars)
LegisFiscal year
or month
Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget Outlays by Agency-Continued
(In millions of dollars)
Treasury Department
Fiscal year
or month
Justice
September 1982
FEDERAL FISCAL OPERATIONS,
Table FFO-4.
Undistributed Offsetting Receipts
(In millions of dollars)
Treasury Bulletin
8
FEDERAL FISCAL OPERATIONS,
Table FFO-5.
-
Budget Outlays by Function
(In millions of dollars)
FY 1981
FY 1982
CoiTipar-
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Cumulatlve to
date
y
able
period
fiscal
1981
National defense
Outlays
Proprietary receipts from the public.
Intrabudgetary transactions
Total
International affairs
Outlays
Proprietary receipts from the public.
Intrabudgetary transactions
Total
General science, space, and technology
Outlays
Proprietary receipts from the public.
Total
Energy
Outlays.
Proprietary receipts from the public.
Total
Natural resources and environment
Outlays
Proprietary receipts from the public.
Intrabudgetary transactions
Total
Agriculture
Outlays
Proprietary receipts from the public.
Total
Commerce and housing credit
Outlays
Proprietary receipts from the public.
Intrabudgetary transactions
Total
Transportation
Outlays.
Proprietary receipts from the public.
Intrabudgetary transactions
Total
Community and regional development
Outlays
Proprietary receipts from the public.
Intrabudgetary transactions
Total
Footnotes at end of table.
14,77^ 13,(S75
-86
-142
-9
4
13,861
166
-5
U,8I5
14,692 13,523
1,500
-1,122
378
1,547
-762
16,214
14,285
-188
14,715
-156
19
16,557
-87
-35
16,529
-126
-18
15,115
34
16,2 58
14,132
14,579
16,436
16,385
1,498
-753
2,195
-1,362
1.539
-7 55
1,643
-1,088
-
-3
-25
-
2,970
-1,141
-33
1,994
-847
-37
-90
14,453
-278
-2
30
46
-3
14.022
14,722
14,205
1,937
-756
-198
1,650
-624
-7
16,482
-72
16,749
9
23
155,917 132,869
-887
-670
*
66
15,204
16,419
16,7 57
155,096 132,200
1,594
-1.035
2,110
-1,708
1,702
-1,242
-
-
-
18,813
-10,554
-106
79
10
-15
18,067
-8,709
-73
September 1982
FEDERAL FISCAL OPERATIONS
Table FFO-5.
Budget Outlays by Function-Continued
-
(In millions of dollars)
FY 1981
July
FY 1982
Oct.
Sept.
Aug.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
Cumulative to
date
July
June
Function
U
Education, training, employment, and
social services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Totals
Health
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
Income security
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
Veterans benefits and services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
Administration of justice
Outlays
Proprietary receipts from the public...
Total
General government
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
General purpose fiscal assistance
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
-*----__
Total
Undistributed offsetting receipts .
Net budget outlays
2,649
1,955
2,656
2,277
2,305
1,997
1,995
-1
-1
-3
2,161
-2
1,953
-2
2,248
-2
2,198
-1
-
-1
_
-1
_
-1
2
1,842
-4
21,322
-14
25,951
-14
2,647
1,954
2,654
2,274
2,245
2,160
2,198
1,953
2,304
1,996
1,997
1,838
21,308
25,937
-2
2,400
__
^=^========^^===============^======^^^========^=====^=^======^^^=====^===^^===^==^^^=^
7,190
r-320
-1,041
-1,035
r5,829
5,838
19,675
6,877
7,093
-4
3
7,207
-2
-490-1,032
-1,032
9,171
-6
-2,743
5,912
-51
-150
7,163
-299
-1,022
8,766
-330
-1,859
7,643
-309
-1,035
7,386
-319
-1,047
8,140
-325
-1,043
7,767
-341
-1,151
76,460
-3,182
-12,115
64,964
-2,739
-8io55
6,276
6,173
6,421
5,711
5,841
6,578
6,298
6,019
6,772
6,275
61,163
54,170
18,936 19,837 20,902
19,856
34,042
7,426
21,031
23,119
-4
7,304
6,599
22,646
22,396
211,787
-*
-*
-i
_*
-j
_
_
_
2
-1
-1
-2
-79
-741
-54
-63
-866
-56
-685
-1,045
22,151
_*
-239
20,352
-*
-38
-84
-1,833
-10
-4,936
191,971
-3
-4,320
18,857 19,095 20,847
19,793
33,175
7,371
20,345
22,075
21,912
20,269
20,812
22,385
206,849
187,648
905
-50
3,270
-52
814
-46
1,963
-52
2,330
-58
3,294
-57
803
-50
1
*
1
21,582
-520
-13
20,649
-507
1
1,986
-52
-6
3,151
-52
1
19,637
3,047
-52
-*
839
-49
2,062
-50
-1
-*
2,995
789
2,011
3,13
854
3,217
763
1,912
2,274
3,239
753
1,927
3,099
21,049
20,137
385
397
395
352
-*
350
-10
382
-2
483
-5
-1
379
-3
3.940
-2
357
-4
3,847
1
371
-*
364
-1
386
-*
422
1
-27
-14
386
397
397
386
371
352
340
381
479
419
364
353
376
3,820
3,926
r262
-2
-15
603 13,830
-13
-3
323
396
-5
225
556
-7
-27
-16
-10
487
-46
-9
436
-34
-9
283
8
756
-48
-16
112
11
-8-13,560
538
-23
-7
-75
4,115
-94
-182
4,187
-183
-98
r244
581
266
508
339
384
211
550
692
123
433
393
207
3,838
3,906
1,234
28
179
28
_
_
_
_____
1,165
_
-
_
6,046
-28
_4,567
129
-
1,393
-80
259
-
_
_
10,767
-108
-4,567
11,074
-87
-4,573
1,234
28
1,314
259
28
1,451
130
14
1,176
352
204
1,165
6,092
6,414
13,707
-184
7,457
-302
-520
8,039
-206
-199
6,974
-242
-68
7,968
-199
-135
8,329
-552
-57
14,398
-203
-408
7,981
-281
-441
-542
90,432
-2,544
-2,914
73,842
-1,795
-3,213
3,064
-50
-1-2-1-6
179
24
-7
13
20
1,176
352
-1
204
'
-5
"
6,852
-241
-446
7,582
-250
6,602
-105
-61
6,821
-123
-541
7,527
-249
-11
6,164
7,320
6,436
6,157
7,278
13,081
6,634
7,634
6,664
7,633
7,720
13,787
7,158
84,975
68,834
r-690
-3,652-2,216-1,039
-1,973
-7,710
-1,018
-1,475
-1,680
-1,235
-1,286
-7,989
-1,036
-26,438
-24,437
r58,172
53,095 53,698 64,216
56,838
76,875
45,937
57,826
63,549
66,073
55,683
59,629
64,506
607,394
550,472
-
Source;
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Monthly totals may not add to cumulative due to budget reclassifications.
*
Less than 5500,000.
r
Revised.
_1_/
fiscal
1981
2,404
~
Interest
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Comparable
period
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS
Table FFO-6.
-
Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
September 1982
11
FEDERAL FISCAL OPERATIONS
Table FFO-7. - Trust Funds Transactions
October 1, 1981 through July 31, 1982
(In mllllone of dollars)
Receipts In trust funds
Receipts of trust funds
Interfund
Trust
interfund
and proprietary
receipts
Classification
Ctrust funds)
1/
(1)
(2)
C3)
Outlays In trust funds
Treasury Bulletin
12
.FEDERAL FISCAL OPERATIONS.
Table FFO-8.
-
Detail of
Excise Tax Receipts
(In thousands of dollars)
Fiscal year
Alcohol taxes \_l
Distilled spirits
Wines
Beer
:
3,945,03'.
198 ,289
1,504,601
3,945.377
Quarter ended June
September 1982
13
.FEDERAL FISCAL OPERATIONS,
Footnotes to Table FFO-8
Internal Revenue Service reports.
The figures shown Include
Source:
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.
Releases showing details are published quarterly.
1_/
Includes taxes on cigarette papers and tubes and miscellaneous
2/
tobacco collections.
Effective
January I, 1981, tax rate on new tires reduced from 10
2_/
cents a pound to 9.75 cents a pound; other tires reduced from 5
cents a pound to 4.875 cents a pound (Public Law 96-596).
Taxes on passenger automobiles and light trucks repealed December
_4/
11, 1971, under the Revenue Act of 1971.
These data reflect
refunds.
Quarterly amounts are Included in manufacturers' "other."
Rates increased from 50 cents and 2 percent on underground-mined
_5/
coal and 25 cents and 2 percent on surface-mined coal.
Data not available due to taxpayer errors in reporting.
Amounts
_6/
are being corrected and will be published at a future date.
Credit for alcohol sold as but not used as fuel, effective October
7_/
Credit of 40 cents a gallon for
1, 1980 (Public Law 96-223).
alcohol at least 190 proof and 30 cents between 150 and 190 proof.
Includes collections or adjustments for taxes that have been
8/
repealed or have expired.
2/ Expired September 30, 1980.
10 /
Tax of 6 cents per gallon effective October 1, 1981 (Public Law 95502).
11/
Rate of 3 percent effective January 1, 1979; and 2 percent January
(Public Law 91-614.) Rate of 2 percent extended through
1, 1980,
1981 by Public Law 96-499;
reduced to
percent, effective January
1982 (Public Law 97-34).
Under the Airport and Airway Revenue Act of 1970, effective July 1,
12/
1970, rate Increase from 5 to 8 percent on domestic airline
passenger fares. Rates reduced back to 5 percent, effective
October 1. 1980.
13/
Repealed effective June 30, 1980, by the Revenue Act of 1978
(Public Law 95-600).
14 /
Tax on the windfall profit from domestically produced oil at rates
from 30 percent to 70 percent, effective March I, 1980.
Rate on
newly discovered oil reduced to 27.5 percent, effective for taxable
periods beginning in 1982 (Public Law 97-34). Windfall profit tax
figures shown in this table are incomplete because they reflect
only amounts from returns processed by the end of the reporting
period.
For comprehensive detail on windfall profit tax amounts,
refer to the SOI Bulletin published quarterly by the IRS
(Publication 1136),
15 /
Taxes effective April 1. 1981 (Public Law 96-510), Petroleum—
$.0079 a barrel; chemicals varying rates from 22 cents to $4.87
per ton.
16 /
Contains, among other Items, amounts paid into depositaries but not
yet classified into excise detail from tax returns filed.
Data for
1980 and subsequent years primarily reflect windfall profit tax
amounts.
Negative figures result from the classification amounts
previously reported as unclassified.
*
Less than $500,000,
n.a.
Not available.
Revised,
r
1
1,
—
Treasury Bulletin
14
FEDERAL OBLIGATIONS
"Obligations" are the basis on which the use of funds is controlled
in the
They are recorded at the point at which the
Federal Government,
Government makes a firm commitment to acquire goods or services and are
the
first
of
sumption
—which
general,
they
key
four
the
events
— order,
delivery,
payment
,
characterize the acquisition and use of resources.
consist
orders
of
placed,
contracts
services
awarded,
received, and similar transactions requiring the disbursement of money.
The
point
obligational stage of Government
in
gauging
impact
the
of
the
transactions
Government'
s
is
a
strategic
operations
on
reported
the
as
compensation,
personnel
whether the personal services are
used in current operations or in the construction of capital items.
conIn
All payments for salaries and wages, for example, are
ultimate purpose.
Federal agencies and firms often do business with one another;
doing so,
agency
in
the "buying" agency records obligations, and the "performing"
records
incurred within
reimbursements.
In
Government
are
the
Table
FO-1,
obligations
distinguished
from
that
those
are
incurred
Tables FO-2 and FO-3 show only those incurred
outside the Government.
outside.
national economy, since it frequently represents for business firms the
Government
inventory
occur
conunitment
purchases
for months
which
stimulates
employment
and
after
the
of
business
labor.
Government places
investment,
its
order but
may
not
the order
itself usually causes immediate pressure on the private economy.
Obligations are classified according to a uniform set of categories
which are based upon the nature of the transaction without regard to its
Table FO-1.
-
Obligation data
including
Disbursements
first published
fund
accounts
for
the
in
were
the
administrative budget
fund accounts were
September 1967 Treasury Bulletin and the trust
first
published
in
the
October
1967
Bulletin.
Beginning with the April 1968 Bulletin, the data are on the basis of the
budget
concepts
adopted
pursuant
to
the
recommendations
of
President's Commission on Budget Concepts.
Gross Obligations Incurred Within and Outside the Federal
Government
by Object Class, March 31, 1982
(In m^^lioria of dollars)
Gross obligations Incurred
Object class
Within
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel
:
43,073
4,533
7,936
43,073
509
7,936
Contractual services and supplies
Travel and transportation of persons.
Transportation of things
Rent, communications, and utilities..
Printing and reproduction
Other services
Supplies and materials
45,680
28,125
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
25,078
4,354
20,582
3,317
1,670
55,347
129,077
55,133
8,023
:
1,507
1,266
3,282
364
499
1,622
2,519
256
15,820
14,470
2,007
2,888
5,801
630
61,500
42,595
:
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities
Interest and dividends
Refunds
18
28,395
6,024
20,600
:
Other
Unvouchered
Undistributed U.S. obligations
487
63,370
129,240
68,847
487
1,110
649
1,111
2,762
163
13,714
:
Gross obligations incurred 1/
Source:
Reports on Obligations, Standard Form 225, from agencies.
For Federal budget presentation a concept of "net obligations
incurred" is generally used.
This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress. Summary figures on this basis
follow.
(Data are on the basis of Reports on Obligations
received from the agencies prior to reports submitted for budget
_1/
423,559
presentation and therefore may differ somewhat from the Budget
of the U.S. Government.)
Gross obligations incurred (as above)
491,798
Deduct:
Advances, reimbursements, other income, etc
Offsetting receipts
-81,450
-50,460
Net obligations incurred
359,888
the
September 1982
15
FEDERAL OBLIGATIONS,
Table FO-2.
Gross Obligations Incurred Outside the Federal Government
by Department or Agency, March 31, 1982
(In millions of dollars)
Personal services and benefits
Classification
Benefits
Personnel
compensation
Personnel
benefits
for
former
personnel
Contractual services and supplies
Travel and
transport at Ion
of persons
Transportatlon of
things
Rent, communlcatlons,
and
Printing
and
repro-
Other
services
Treasury Bulletin
16
iFEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outeide the Federal Government
by Department or Agency.
March 31, 1982-Continued
(In millions of dollars)
Grants and fixed charges
Classification
September 1982
17
,
Table FO-3
-
FEDERAL OBLIGATIONS
Gross Obligations Incarreu Outside the Federal Government
Comparative Statement by Month
<In
minion
of dollars)
Comparable
period
FY 1981
National 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, communications, and utilities...
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Land and structures
Investments and loans
Grants and fixed charges:
Grants, subsidies, and contributions..
Insurance claims and Indemnities
Interest and dividends
Refunds
Other:
Undistributed U.S. obligations
Unvouchered
Total national defense
Nondef ense:
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, communtcations, 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, aid contributions...
Insurance claims and indemnities
Interest and dividends
Refunds
Others:
Undistributed U.S. obligations
Unvouchered
Total nondef ense
Grand total
Mar.
Apr.
Hay
4,320
4,315
73
1,176
72
1,157
3.562
45
1,168
132
232
98
164
225
-24
Z,735
5,429
56
338
171
117
June
19
5
3,037
3,522
2,237
3,333
2,798
519
-
2,7 58
244
3,163
239
*
2
-4
132
-130
12
11
10
2
-2
-
2
3
3
_
_
_
12
95
12
17,476
15.988
14.039
2,399
2,290
2,335
*
-*
*
-61
164
127
90
60
217
53
2.886
992
74
69
222
60
2,069
813
1,415
353
149
187
20
238
3,381
1,706
3,779
13.410
19,054
6,574
101
7,808
19,758
7,381
-232
73
36
170
26
246
511
7,247
19,123
7,290
554
122
-214
515
50 ,400
44.418
4
67,876
60,405
55,195
386
17
-74
1 .
157
4.948
July
Aug.
'^ept.
Oct.
Nov.
Dei
Treasury Bulletin
18
T.T.T^rT^.T
-
Table FO-1.
^^—
OBLIGATIONS
Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, April 30, 1982
(In millions of dollars)
Cross obligations incurred
Object class
Within
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel
:
50,526
-
621
4,684
9,352
-
Contractual services and supplies
Travel and transportation of persons
Transportation of things
Rent, communications, and utilities
Printing and reproduction
Other services
Supplies and materials
1,806
1,453
3,929
414
53,230
33,028
554
1,865
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
30,820
5,155
22,598
50,527
5,305
9,352
:
2,995
325
18,644
17,185
2,360
3,317
6,924
739
71,874
50,212
:
Grants and fixed charges
Grants, subsidies, and contributions
Insurance claims and Indemnities
Interest and dividends
Refunds
,808
1,900
3
25
34,628
7,055
22,623
:
Other
Unvouchered
Undistributed U.S. obligations
64,396
152,347
64,080
550
9,093
193
15,881
5
73,489
152,540
79,960
555
:
Gross obligations incurred
j_/
Source:
Reports on Obligations, Standard Form 225, from agencies.
\J For Federal budget presentation a concept of "net obligations
Incurred" is generally used.
This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress.
Summary figures on this basis
follow.
(Data are on the basis of Reports on Obligations
received from the agencies prior to reports submitted for budget
993
982
2,438
995
3,420
496,280
79,596
575,876
1
presentation and therefore may differ somewhat from the Budget
of the U.S. Government.)
Gross obligations incurred (as above)
Deduct:
Advances, reimbursements, other income, etc
Offsetting receipts
Net obligations incurred
575,876
-93,839
-56,540
425,497
September 1982
19
iFEDERAL OBLIGATIONS,
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, April 30, 1982
(In tntllions of dollars)
Personal services and benefits
Classification
Personnel
compensation
Legislative branch \_/
The judiciary
Executive Office of the President
Funds appropriated to the President:
International security assistance,...
International development assistance.
Other
Agriculture Department:
Commodity Credit Corporation
Other
Commerce Department
Defense Department:
Military:
Department of the Array
Department of the Navy
Department of the Air Force
Defense agencies
Total military
Civi
1
Education Department
Energy Department
Health and Human Services Department...
Housing and Urban Development Dept.
Government National Mortgage
Association
Housing for the elderly or
handicapped 2/
Other
Interior Department
Justice Department
Labor Department
State Department
Transportation Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
Other
Environmental Protection Agency
National Aeronautics and Space
Administration
Veterans Administration
Other independent agencies:
Export-Import Bank of the U.S
General Services Administration
Small Business Administration
Tennessee Valley Authority
Other
Total
Off-budget Federal agencies: _3/
Synthetic Fuels Corporation fund
Postal Service
Rural Electrification Administration
revolving funds
Total off-budget Federal
agencies
277
142
23
5
1.452
450
11,803
Personnel
benefits
Benefits
for
former
personnel
Contractual services and supplies
^
Travel and
transportation
of persons
Transportat Ion of
things
Rent communi cat ions
and
,
utilities
Printing
and
reproductlon
Other
services
Supplies
and
materials
Treasury Bulletin
20
FEDERAL OBLIGATIONS
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, April 30, 1982-Continued
(
[n
millions of dollars)
Grants and fixed char;Ses
Classification
September 1982
21
I
Table FO-3.
-
FEDERAL OBLIGATIONS,
Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Mouth
(In millions of dollars)
Fiscal
year
to date
Object class
July
Apr.
Nat tonal defense:
Personal services and benefits:
Personnel compensation
Personnel benefits
Benefits for former personnel
Contractual services and supplies:
Travel and t ransportat Ion of persons.
Transportation of things
Rent, communications, and utilities...
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Lands and structures
Investments and loans
Grants and fixed charges:
Grants, subsidies, and contributions..
Insurance claims and indemnities
Interest and dividends
Refunds
Other:
Undistributed U.S. obligations
Unvouchered
Total national defense
Nondefense:
Personal services and benefits:
Personnel compensation
Personnel benefits
Benefits for former personnel
Contractual services and supplies
Travel and t ransportat ion of persons.
Transportation of things
Rent, communications, and utilities...
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets:
Equipment
Lands and structures
Investments and loans
Grants and fixed charges;
Grants, subsidies, and contributions..
Insurance claims and indemnities
Interest and dividends
Refunds
Other:
Undistributed U.S. obligations
Unvouchered
Total nondefense
Grand total
4,315
72
1,157
232
56
338
19
3,037
3,562
45
1,168
4,948
98
389
1,172
5
186
241
221
119
3,522
2.237
3,333
2,177
4,161
2,7 58
244
3,163
239
2,634
*
2
132
-130
2
11
10
-
7
-2
3
3
2
171
117
125
1
-
-
-
93
12
12
15,988
14,039
16,398
2,290
2,335
2,220
_*
*
*
164
127
149
74
69
222
60
73
36
170
26
92
75
198
60
2,069
813
1,415
353
2,203
731
20
246
515
238
3,381
511
1,708
533
2,063
7.247
19,123
7,290
15,531
19,962
11,088
554
109
-214
17
236
515
-74
47
44,418
41,157
55,812
60,405
55,195
72,310
7.808
19,758
7,381
-232
711
Aug.
Sept.
Comparable
period
FY 1981
Treasury Bulletin
22
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
As
with the Federal Reserve banks and branches and in tax and loan accounts.
the balances in the accounts at the Federal Reserve banks become depleted, they
are restored by calling in (withdrawing) funds from thousands of financial
throughout
the
country authorized to maintain tax and loan
Inst i tut ions
accounts.
Under authority of Public Law 95-147, the Treasury implemented a program on
November 2, 1978, to invest a portion of Its operating cash in obligations of
depositaries maintaining tax and loan accounts. Under the Treasury tax and loan
investment program, depositary financial institutions select the manner in which
Depositaries that wish to retain funds
they will participate in the program.
deposited in their tax and loan accounts in interest-bearing obligations
participate under the Note Option; depositaries that wish to remit the funds to
the Treasury' s account at Federal Reserve banks participate under the Remittance
Option.
Table UST-1.
-
Status of the
Deposits to tax and loan accounts occur in the normal course of business
under a uniform procedure applicable to all financial institutions whereby
customers of financial inst I tut ions deposit with them tax payments and funds for
In most cases the transaction involves
the purchase of Government securities.
merely the transfer of funds from a customer' s account to the tax and loan
the extent
account in the same financial institution.
On occasions,
to
authorized by the Treasury, financial institutions are permitted to deposit in
these accounts proceeds from subscriptions to public debt securities entered for
their own account as well as for the accounts of their customers.
The tax and loan system permits the Treasury 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 as 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
ins ti tut Ion reserves and the economy
Account
of
(In millions of dollars)
Funds in process
Treasury operating balance
End of
fiscal year
or month
Available funds in
demand accounts at
Federal
Reserve
banks
Treasury tax
and loan note
accounts
Other
depositaries 2/
1/
of collection
the
U.S.
Treasury
September 1982
23
-ACCDUNT OF THE
Table UST-2.
-
Elements of Changes
in
U.S.
TREASURY.
Federal Reserve and Tax and Loan Note Account Balances
^.ln
miiUonb
ot"
dollarsj
Credits and withdrawals
Tax and loan note accounts
Federal Reserve accounts 1/
Fiscal year
or month
Received
directly
Received
through remittance option
tax and loan
depositaries
1973
1974
725 ,280
1976
810,481
209,758
875,071
952,116
983,693
T.g
1977
1978
1979
1980
1981
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
Withdrawals 3/
-
5
197
Proceeds from sales of securities A/
Credits 2/
1
,165 ,226
1,372,394
112,817
112,950
105,885
118,667
131,662
108 ,455
109,262
131,454
161,039
116,237
134,894
115,184
131,246
54,068
64,047
80,177
6,525
7,729
6,782
6,659
8,679
6,765
7,045
8,681
8,499
7,360
9,755
7,877
7,673
Marketable
Nonmarketable
issues
issues 3/
Taxes ^/
Total
credits
Withdrawals
(transfers to
Federal Reserve
accounts)
Treasury Bulletin
24
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of doll.i.s except ounces)
Gold assets 1/
Gold liabilities 2/
End of calendar year or month
1973
1974
1975
1976
1977
1978
1979
1980
1981
273,954,660.5
275,968,413.1
274,705,260.3
274,679,167.8
277,544,111.9
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
2/
567
,652
599
,598
719
276 ,420 ,310.8
,671
264,601,798.2
264,318,385.8
264,108,840.8
172
160
264 ,168 ,047 .8
264 , 1 26 ,046 .2
,154
264,119,113.7
,152
,152
264 1 1 5 ,348.
264 ,108 ,840.8
264 , 108 ,840.8
264 ,082 ,384 .5
,
264,075,579.3
264 ,066 ,869.3
264,062,534.9
264 ,053 ,348 .5
264 ,047 ,895 .
264 ,036,787 .4
151
152
,151
151
,150
,150
,149
,149
,149
149
148
10
Balance of gold in
U.S. Treasury account
September 1982
23
MONETARY
Table MS-1.
-
STATISTICS,
Currency and Coin
in Circulation
(In millions of dollars except per capita figures)
Currencies presently
being issued
Currencies no longer Issued
End of
fiscal year
or month
1973
1974
1975
1976
Federal
Reserve
bank
notes
National
bank
notes
52
20
20
20
20
20
20
20
20
20
19
213
212
211
210
209
208
207
207
206
205
320
321
322
322
322
317
313
312
310
307
59,664
65,185
72,093
79,028
79,597
87,349
96,566
106,681
117,152
125,048
60,273
65,793
72,700
79,634
80,201
87,947
97,159
107,270
117,739
125,631
19
19
19
19
19
19
19
19
19
19
19
205
205
205
205
205
205
205
205
205
205
205
205
205
307
307
307
306
306
306
306
306
305
305
305
304
304
124,920
125,112
125,048
125,346
129,096
131,901
126,822
126,867
128,853
130,187
132,615
134,234
134,112
125,503
125,696
125,631
125,929
129,679
132,483
127,404
127,448
129,434
130,767
133,195
134,814
134,691
51
50
50
49
49
48
48
48
48
T.Q
1977
1978
1979
1980
1981
1981 -July
48
48
48
48
48
48
48
48
48
48
48
48
47
Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
941
951
999
1,063
1,435
1,483
1,492
981-July
Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
504
1,497
1,492
1,500
1,501
1,503
1,489
1,486
1,495
1,503
1,505
1,505
1,493
1
,
y
y
Federal
Reserve
notes 2/
1890
United
States
notes
Federal
Reserve
notes 3/
Total currency
and coin in
circulation 4/
Currency and coin in
circulation
per capita
(in dollars) 5/
6,793
7,275
7,681
8,303
8,397
8,877
9,441
0,011
0,695
1,386
7,498
8,040
8,496
9,244
9,348
9,876
10,504
11,446
12,178
12,877
67,771
73,833
81,196
88,877
89,548
97,823
107.663
118,716
129,917
138,508
322.11
348.44
380.08
413.17
415.37
450.08
491.52
536.74
569.07
601.02
1,280
12,784
12,838
12,877
12,918
13,004
13,084
13,071
13,077
13,138
13,208
13,288
13,356
13,389
138,287
138,534
138,508
138,847
142,683
145,566
140,475
140,525
142,572
143,975
146,483
601.17
601.70
601.02
501.90
618.14
630.47
607.72
607.48
615.92
621.57
631.95
r538.72
637.78
1,341
1,386
1,418
1,503
1,581
1,582
1,591
1,643
1,705
1,784
1,851
1,896
Source:
Statement of United States Currency and Coin,
Issued prior to January 30, 1934.
Issued prior to July I, 1929.
Issued on and after July 1, 1929.
Excludes currency and coin held by the Treasury and currency and
^/
_!/
Silver
certificates
Fractional
coin
705
765
816
1
Gold
certlficates 1/
19
19
End of
fiscal year
or month
1973
1974
1975
1976
T.q
1977
1978
1979
1980
1981
Treasury
notes of
Total
currencies
5/
_6_/
*
r
W148,170
148,081
coin held by or for the account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population.
Highest amount to date.
Less than $500,000.
Revised.
26
Treasury Bulletin
FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal
Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Securities held by:
Government accounts
Public
debt
securi-
Agency
securi-
tles
ties
Public
debt
securities
The public 1/
Agency
securities
Public
September 1982
27
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Pnhlir Debt
(In millions of dollars)
Total
interestbearing
public
debt
End of
fiscal year
or month
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
456,353
473 ,238
532,122
619,254
633,560
697,629
766,971
819,007
905 ,402
996,495
978,920
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
996 ,495
999 ,45
1,011,936
1
1
,027 ,300
,032 ,678
1,042,198
1
1
,059 ,81
,064 ,538
1,056,410
1 ,078,431
1
,083 ,296
1,108,131
Marketable
Treasury
Nonmarketable
bills
Treasury
notes
Treasury
bonds
262,971
265,575
315,606
392,581
407,663
443,508
485,155
505,693
594,506
683,209
100,051
105,019
128,569
151,198
151,505
155,091
150,936
161,378
199,832
223,388
117,840
128,419
150,257
191,758
205,319
241,592
267,865
274,242
310,903
363,543
45,071
33,137
36,779
39,526
39,839
45,724
56,355
71,073
83,772
96,178
193,382
205,563
215,515
225,573
225,897
254,121
281,815
312,314
311,895
313,285
59,418
61,921
65,482
69,733
70,752
75,411
79,798
80,440
72,727
58,017
673,765
683,209
689,578
704,819
720,293
726,542
737,532
752,520
755,833
755,588
763,995
774,077
801,427
219,854
223,388
229,051
233,905
245,015
250,552
254,037
256,212
254,880
256,114
255,007
262,009
273,066
357,603
353,543
352,549
370,794
375,332
374,357
382,070
395,042
399,700
398,408
406,925
411,070
427,426
96,308
95,178
97,867
100,119
99,945
101,623
101,426
101,365
101,253
101,166
101,063
100,998
100,935
305,155
313,285
309,874
307,117
307,007
305,135
304,665
307,195
308,705
310,722
314,436
309,218
306,704
58,355
58,017
57,718
67,739
67,837
57,581
67,378
57,163
57,034
67,082
57,122
57,132
57,148
Nonmarke table
End of
fiscal year
or month
Investment
series
Depositary
series
2,275
2,271
2,257
2,263
2,262
2,247
2,245
2,245
T.Q
1977
1978
1979
1980
1981
19
16
16
9
9
7
8
6
11
7
1981-AU8.
Sept.
Oct..
Nov.
7
7
7
7
Dec.
2
1982-Jan..
12
12
Feb. .
Mar..
Apr.
May..
June.
July.
Aug..
12
11
24
32
32
20
savings
bonds
— Continued
Foreign series
Government
Dollar
denominated
1973
1974
1975
1975
U.S.
26,781
23,412
21,617
19,901
19,215
20,510
20,912
23,965
18,721
15,487
15,739
15,487
15,459
15,297
14,944
14,839
14,303
15,560
15,355
14,765
13,827
13,574
12,537
Source:
Monthly Statement of the Public Debt of the United States.
Consists of certificates of indebtedness sold to foreign governments
IJ
for U.S. dollars.
Consists of the dollar equivalent of Treasury certificates of indebtedness
_2/
paid in designated foreign currencies.
_1_/
Public
Foreign
currency
denominated 2/
Government
account
series
Foreign
currency
denominated
4,150
6,437
5,012
101,738
115,442
124,173
130,557
128,640
140,113
153,271
175,350
189,848
201,052
1,351
2,511
3,419
14,543
24,813
25,149
24,153
23, 7U
5,592
5.012
5,012
5,012
4,081
4,081
4,081
4,081
4,081
3,630
3,530
3,069
3,059
192,060
201,052
198,053
195,541
196,665
195,393
195,722
195,707
198,538
201,290
205,954
201,502
199,895
23,303
23,711
23,625
23,522
23,478
23,231
23,170
23,572
23,676
23,931
23,870
23,909
24,034
1,743
1,599
1,599
1,599
1,599
1,289
768
1,407
2,002
28
Treasury Bulletin
.FEDERAL DEBT.
Table FD-4.
-
Government Account Series
(In millions of dollars)
End of
fiscal year
or month
Airport and
29
September 1982
.FEDERAL DEBT.
Table FD-5.
-
Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
End of
fiscal year
or month
30
Treasury Bulletin
FEDERAL DEBT.
Table FD-6. - Participation Certificates
(In millions of dollars - face amounts)
September 1982
31
.FEDERAL DEBT.
Table FD-7.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
privately
held
Within
1 year
197 3
167,869
1974
1975
164 ,862
210,382
19 76
279, 782
T.Q
1977
1978
294,595
326,674
356,501
19 79
380, 530
1980
1981
463,717
549.863
84,041
87,150
115,677
151,723
153,203
161,329
163,819
181,883
220,084
256,187
1981-July
Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
533,778
540,228
549,863
558,169
569,534
580,670
590,139
604,671
619,030
613,576
618,699
628,997
634,556
251,307
251,533
256,187
263,717
266,163
275,322
284,171
290,697
295,476
289,000
290,476
293,266
295,118
5-10
years
vears
10 - 20
years
20 years
and over
54,139
50,103
65,852
89,151
94,845
113,319
132,993
127,574
156,244
182,237
16,385
14,197
15,385
24,169
31,247
33,067
33,500
32,279
38,809
48,743
8,741
9,930
8,857
8,087
7,939
8,428
11,383
18,489
25,901
32,569
4,564
3,481
4,611
6,652
7,262
10,531
14,805
20,304
22,679
30,127
171,504
180,669
182,237
177,834
189,570
188,422
183,843
194,457
200,544
199,278
203,612
207,106
206,380
50,242
45,297
48,743
52,201
47,615
50,851
54,370
49,120
52,612
55,329
54,361
58,425
63,022
30,172
32,602
32,569
32,536
34,164
34,055
34,069
35,819
35,822
35,565
35,701
35,651
35,583
30,553
30,127
30,127
31,881
32,022
32,020
33,686
34,578
34,576
34,404
34,549
34,549
34,453
1
-
5
Table FD-8.
Debt Subject
3
2
2
2
2
2
3
3
3
4
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs,
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
_!_/
mo.
mos.
8 mos.
7 mos.
9 mos.
11 mos.
3 mos.
7 mos.
9 mos.
mos.
1
11
mos.
1
mo.
mos.
mos.
1
rao.
mos.
mos.
1
mo.
mos.
mos.
1 mo.
mos.
mos.
of the Interest-bearing marketable public debt Is computed on that
part of the outstanding public debt privately held.
Office of Government Financing In the Office of the Secretary.
Beginning with the September 1976 Treasury Bulletin the average length
Source:
_1_/
Average length
to
Statutory Limitation
(In millions of dollars)
Treasury Bulletin
32
FEDERAL DEBT,
Table FD-9.
Second
The
Liberty
Bond
Act
Status and Application of Statutory Limitation
-
U.S.C.
(31
757b),
The
amended, provides that the face amount of obligations Issued
authority
under
obligations
United
that
of
guaranteed as
States,
shall
not
billion outstanding at any
(Public
1982,
and
exceed
time.
provides
ending on
September
The
that
30,
interest
act
of
beginning
1982,
the
limit shall be temporarily increased by $743.1
Part A.
by
aggregate
the
in
amount
face
the
principal and
to
97-204)
Law
and
act,
-
June
28,
on
June
of
the
that
act
participations
National
June
of
face
the
issued
Mortgage
30,
(Public
1967
amount
under
Law
beneficial
of
section
Association
302(c)
Charter
90-39)
provides
Interests
of
Act
and
the
Federal
(12
U.S.C.
$400
1717(c)) during the fiscal year 1968 and outstanding at any
1982
time
28,
statutory debt
shall
be
added
to
the
amount
otherwise
taken
into
account in determining whether the requirements of the above
provisions are met.
billion.
Status Under Limitation, August 31, 1982
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
Total public debt subject to limit
Other debt subject to limit:
Guaranteed debt of Government agencies
Specified participation certificates
Total other debt subject to limit
Total debt subject to limit
Statutory debt limit
Balance of statutory debt limit
1,109,232
606
33
September 1982
.FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
End of
fiscal year
or month
Treasury Bulletin
34
FEDERAL DEBT
Footnotes to Table FD-10
Bureau of Governraent 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
agencies to borrow from the Treasury. Further detail may be found
In the 1981 Treasury Combined Statement of Receipts, Expenditures
and Balances of the United States Governraent, pages 560-1.
Farm housing and other loan programs, agricultural credit Insurance
1/
fund, rural housing insurance fund, and rural development insurance
fund.
As of May 1980, the college housing loan program was transferred to
_2/
the Department of Education.
3/
Consists of notes Issued to borrow for: public facility loans, lowrent public housing fund, and housing for the elderly or
handicapped.
A/
Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12
U.S.C. 1719 Cc), 1720 Cd), and 1721 (d)).
5/
Consists of notes issued by the:
International Communication Agency
for informational media guaranties; Secretary of Commerce (Maritime
Administration) for the Federal ship mortgage insurance fund and
Federal ship financing fund (NCAA); Virgin Islands Corporation;
District of Columbia Commissioners for the Stadium sinking fund;
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties; Bureau of Commercial Fisheries for
Federal ship mortgage Insurance fund, fishing vessels; revenue bonds
for Smithsonian Institution (John F. Kennedy Center parking
facilities); Secretary of Transportation (Washington Metropolitan
Area Transit Authority); Health, Education, and Welfare, Office of
Education (student loan insurance fund); Pension Benefit Guaranty
Corporation; Federal Railroad Administration, rail service
assistance and regional rail reorganization; Bonneville Power
Administration; Secretary of Energy; General Services Administration
(Pennsylvania Avenue Development Corporation); advances for the
national flood insurance fund; disaster loan fund (SBA); and
national insurance development fund.
p
September 1982
35
PUBLIC DEBT OI^RATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable
Public
Other than Regular Weekly and 52-Week Treasury
Eills Outstanding,
Debt Securities
August 31, 1982
llllons of dollars)
Amount of maturities
1982
Sept.
Sept.
Oct.
Oct.
Hov.
Nov.
Nov.
Dec.
Description
30..
30..
e-3/8i-j
11-7/8J-U
1-1/2S-E0
12-1/8I-X
7-7/81-C
7-l/8r-F
1.
31
15
15
30
n-7/8i-y
31
15-1 /81-Z
9-3/8S-L
31
U.S. Govt,
accounts and
Federal Reserve banks
Note
Note
Note
Note
Note
Note
Note
Note
Note
9/6/78
9/30/80
10/01/77
10/31/80
11/17/75
10/17/77
12/01/80
12/31/80
1/02/79
Total
Jan.
Feb.
Feb.
Mar.
Mar.
Apr.
Apr.
May
May
31...
15...
28
31
31
1
30
15
15
May
31
Junel5, 78-83
June 30
June 30
July 31
Aug.
Aug.
Aug.
Sept
Sept
Oct.
Oct.
Nov.
Nov.
Nov.
Dec.
Dec.
15.
15.
13-5/8J-M
8Z-A
13-7/8Z-N
9-l/4t-D
12-5/8J-P
1-1/2J-EA
14-1/2-g
7-7/8I-C
11-5/8J-C
15-5/81-R
3-1/4J
8-7/8J-E
14-5/8Z-S
15-7/81-T
11-7/8J-J
9-1/41-K
31
16-1/41-1)
30
30
9-3/4J-F
16S-V
1
1-1/2): -EO
31
15-1/2I-M
7X-B
9-7/8S-L
12-1/8I-X
10-1/2S-H
13I-V
15
15....
30
31
31
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
2/02/81
2/17/76
3/02/81
3/05/79
3/31/81
4/01/78
4/30/81
4/5/78
11/15/79
6/01/81
5/01/53
7/02/79
6/30/81
7/31/81
2/15/80
5/15/80
8/31/81
10/10/79
9/30/81
10/1/78
11/02/81
11/15/76
8/15/80
11/30/81
12/31/79
12/31/81
Total
198t
Jan.
Feb.
Feb.
Mar,
Mar.
Apr.
Apr.
May
May
May
May
June
June
July
15S-N
29
31
31
30
15
15
15
31
Aug.
Aug.
Aug.
30
30
31
15
15
15....
Aug
31
Sept. 30..
Nov.
15..
7-1/4I-A
15-1/8%-P
14-1/4S-D
14-1/82-0
1-1/2J-EA
13-7/8):-R
9-1/4S-C
13-1/4Z-G
15-3/411-K
13-3/4)1-5
8-7/8J-E
14-3/81-T
13-1/8%-!)
6-3/8Z
7-1/41-B
13-1/4Z-J
11-5/8J-V
12-l/8i:-F
16! -L
14-3/81:-M
141-H
Note
2/01/82
Note
2/15/77
Note
3/01/82
Note
3/31/80
Note
3/31/82
Note
4/01/79
Note
4/30/82
Note
9/05/79
Note 11/17/80
Note
5/15/81
Note
6/01/82
Note
6/30/80
Note
6/30/82
Note
8/02/82
Bond
8/15/72
Note
8/15/77
Note
2/17/81
Note
8/31/82
Note
9/30/80
Note
8/17/81
Note 11/16/81
Note 12/31/80
Total
1985
Feb.
Feb.
15
85:-A
May
15
15
Mar.
31
14-5/8I-L
14-3/8S-D
13-3/81-G
May
15....
May
15
May
15.
Hay 15,75-85
June 30....
Aug.
15
Aug.
15
Aug.
15
Sept. 30
Nov.
15
Note
Note
Note
Note
Note
Bond
Note
Bond
Note
Note
Note
Note
Note
Note
Note
2/15/78
2/16/82
3/03/80
3/31/81
12/04/79
6/03/58
5/17/82
4/05/60
6/30/81
8/15/78
6/05/80
8/16/82
9/30/81
9/03/80
12/31/81
16-1/81;-F
Note
Note
Note
Note
Note
Note
Note
6-1/8Z
13-7/8:-E
Note
12/08/80
3/31/82
3/4/81
5/17/76
7/06/82
8/16/76
9/8/81
11/15/71
6/03/81
10-3/8):-C
3-1/4Z
14-1/81-M
4-1 /4J
14%-H
e-l/iX-B
9-i/aX-E.
13-1/8Z-N
15-7/8J-J
ll-3/4r-F
14-1/8S-K
Total
1986
Feb.
Mar.
May
May
June
Aug.
Nov.
Nov.
Nov.
13-1/2J-C
141-C
13-3/4I-D
7-7/8Z-A
14-7/8Z-H
8Z-B
Bond
Total
2,501
5,120
May
May
Aug.
9Z-B
12-3/41-D
12Z-C
14Z-E
13-3/4J-F
7-5/8Z-A
Total
2/15/79
12/2/81
2/15/80
3/03/82
6/02/82
11/15/77
other
Investors
100
550
4.570
Jan.
Apr.
2
,335
,122
May
July
239
422
484
462
2,498
4,544
4,471
2,743
Oct.
Nov.
31,210
3,525
27,685
544
4,647
5,795
4,933
2,915
4,626
4,586
2,573
3,618
4,763
1,050
3,123
4,607
4,974
4,285
6,670
5,431
2.802
5,268
2,163
505
15
957
340
113
861
525
217
426
523
391
1,081
3,249
650
287
457
4,246
2,460
2,757
4,238
833
2,697
4,084
4,583
3,204
3,421
4,781
2,515
4,811
1
1
5,470
2,309
5,832
5,493
2,701
5,427
663
105
2,033
670
4,807
2,204
3,799
4,779
2,425
4,757
108,083
17,765
90,318
6,208
8,438
5,950
2,914
6,219
566
3,913
653
539
608
5.642
4,525
5,297
2,375
5,611
714
276
*
5,877
2,587
4,315
3,776
6,018
3,726
6,232
7,177
2,203
2,863
4,662
7,481
3,369
5,780
6,213
3.620
821
77
630
771
421
545
781
1,186
1,237
385
865
659
339
1,239
1,142
314
5,056
2,510
3,685
3,005
5,597
3,181
5,451
5,991
966
2,478
3,797
6.822
3,030
4,541
17,691
87,937
4,203
5,888
2,719
3,786
2,539
506
6,952
827
3,393
4,837
3,293
7,487
1,448
2.755
5,553
2,450
3,403
2,499
1,625
346
250
1,629
334
5,327
481
181
3,143
3,208
3,207
6,045
3,613
3,082
3,249
56,908
8,559
48,349
3,188
4,215
3,460
5,219
4,758
9.515
3,469
1,196
3,206
25
309
35
1,158
323
3,163
3,906
3,425
4,061
4,435
7,515
3,293
3,961
3.087
3,430
86
1,442
348
5
2,000
176
864
32
4,922
332
3,174
33,304
6,238
3,437
2,472
3,519
4,078
2,387
1.668
4,570
n.a.
n.a.
8
616
n.a.
1,974
n.a.
4,070
22,131
2.790
12,385
498
All
accounts and
Federal Reserve banks
other
Investors
15...
15...
I2-3/8S-C
13-1/4Z-D
8-1/42-A
14Z-E
15-3/8J-F
a-3/4-B
Note
Note
Note
Note
Note
Note
1/05/81
4/06/81
5/15/78
7/07/81
10/14/81
11/15/78
Note
Note
Note
Note
Note
1/13/82
4/07/82
5/15/79
7/08/82
11/15/79
Bond
Bond
Note
Note
2/14/58
4/07/75
8/15/80
11/17/80
Note
Note
Note
5/15/81
8/17/81
11/16/81
Note
Note
Bond
Bond
2/16/82
5/17/82
8/15/62
7/08/77
Total
1989
Jan.
Apr.
15...
15...
15...
15...
15...
May
July
Nov.
2.710
2,972
4,148
3,469
3,474
3,445
1,754
2,706
2,855
2,394
220
1,139
3,451
3,254
2,306
117
20,218
14-5/8Z-C
14-3/81-D
9-1/4Z-A
14-1/2Z-E
10-3/4Z-B
Total
3,508
3,348
2,628
4,723
5,779
16,966
459
29
1.942
19.986
Feb.
May
3-1/2Z
8-l/4t
Aug.
Nov.
10-3/4!;-A
132-6
Total
1,765
1,203
3,762
5,701
863
342
902
861
2,574
5,043
12,431
3,051
9,380
2,047
2,812
2,886
324
454
400
1,723
2,358
2,486
7,745
1.178
6,567
2,813
10,798
2,122
1,504
158
1,790
1,089
92
2,655
9,008
1,033
1,412
17,237
3,129
14,108
119
627
1,501
1,914
1.768
1,509
42
209
147
1,321
132
159
418
1.354
593
1,636
1,350
7,438
2,010
1991
May
14-1/2J-A
14-7/82-6
14-1 /4Z-C
Aug.
Tot..l
1992
Feb.
15..
May
15
Aug. 15,87-92
Aug.
15
14-5/82-A
13-3/42-B
4-1/4Z
7-1/42
Total
1993
Feb. 15,88-93
Feb.
15....
Feb.
15
Aug. 15, 88-93
Aug.
Nov
15..
42
6-3/42
7-7/82
7-1/22
8-5/82
8-5/82
Bond
Bond
Bond
Bond
Bond
Bond
1/17/63
1/10/73
1/06/78
8/15/73
7/11/78
10/10/78
Bond
Bond
Bond
Bond
1/11/79
4/18/63
7/09/79
10/18/79
Bond
Bond
Bond
Bond
Bond
2/15/55
1/10/80
4/08/80
7/09/80
10/14/80
Bond
Bond
5/15/73
10/03/60
Bond
Bond
Bond
Bond
Bond
1/12/81
4/02/81
8/16/76
7/02/81
10/07/81
Total.
1994
Feb.
15
May 15,89-94
Aug.
15
Nov
15.
4-1/82
8-3/42
10-1/82
3,010
800
1,506
1,502
15
15
May
May
15....
15
Nov.
15
32
10-1/22
12-5/82
10-3/82
11-1/22
Total...
347
1,502
1,503
1,504
1,482
Nov.
15
May 15,94-99
328
6,338
8-1/22
7-7/82
8-3/82
Total.
2001
Feb.
May
15....
15
Aug. 15, 96-01
Aug.
15....
Nov.
15
Total.
2002
Feb.
15....
7,433
11-3/42
13-1/82
82
13-3/82
15-3/42
1,501
1,750
1,575
1,753
1,753
..
14-1/42
1/06/82
2005
May 15,00-05
2007
Feb. 15,02-07
Nov. 15, 02-07
7-5/82
7-7/82
Bond
Bond
2/15/77
11/15/77
2008
Aug. 15, 03-08
Nov. 15,03-08
8-3/82
8-3/42
Bond
Bond
8/15/78
11/15/78
2,103
5,230
2009
May 15,04-09
Nov. 15, 04-09
9-1/82
10-3/82
Bond
Bond
5/15/79
11/15/79
4,606
725
4,201
820
749
1,611
7,333
8,807
2010
Feb.l5, 05-10
May 15,05-10
Nov. 15,05-10
11-3/42
12-3/42
Bond
Bond
Bond
2/15/80
5/15/80
11/17/80
13-7/82
142
Bond
Bond
5/15/81
11/16/81
102
1,771
2,647
2,987
4,736
815
1,078
536
10,370
2011
May 15,06-11
Nov. 15,06-11
4,609
4,901
219
1,474
1,175
1,492
1,450
5,810
2000
Feb. 15, 95-00
Aug. 15,95-00
5,428
6,198
128
28
1998
May 15,93-98
77
2,913
378
1,454
1,453
6,818
1995
Feb.
Feb.
2,169
4,694
3,837
10,700
1990
5,071
3,306
105,628
335
269
383
40
172
U.S. Govt,
2,401
488
780
38,226
Note
Note
Note
Note
Note
Note
All
4,823
2,902
2,737
4,966
4.955
3,205
5,191
7,958
5,438
2,930
5,583
Held by 1/
Date
of final
maturity
1
1967
Feb.
Feb.
Amount of maturities
Held by 1/
Date
of final
maturity
754
461
Treasury Bulletin
36
.PUBLIC DEBT OPERATIONS.
Table PDO-2.
-
Offerings of Bills
(Amounts in millions of dollars)
Description of new Issue
Number of
days to
maturity \J
Maturity
date
Regular weekly:
(13-week and 26-week)
1982-May
6
13
20
27
June
3
10
17
24
July
I
8
15
22
29
Aug.
5
12
19
26
1982-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
5
91
U
182
91
183
12
12
19
91
18
182
26
26
183
Sept.
2
Dec.
2
Sept.
9
Dec.
9
Sept. 16
Dec.
16
Sept. 23
Dec.
23
Sept.
Dec.
Oct.
1983-Jan.
1982-Oct.
1983-Jan.
1982-Oct.
1983-Jan.
1982-Oct.
1983-Jan.
1982-Nov.
1983-Feb.
1982-Nov.
1983-Feb.
1982-Nov.
1983-Feb.
1982-Nov.
1983-Feb.
30
30
7
6
14
91
91
182
91
182
91
182
91
182
91
182
91
182
91
13
182
21
91
20
28
27
182
91
182
17
9,149.1
10,013.4
9,974.7
13,089.4
10,684.1
10,883.9
12,158.0
12,413.6
11,298.0
10,946.6
359
364
364
364
364
364
7,812.8
9,651.1
9,049.9
9,112.2
10,050.4
9,579.8
364
364
364
364
364
364
364
364
10,495.2
10,523.9
9,377.8
10,076.8
13,440.5
12,268.7
13,047.9
14,639.4
182
92
182
26
24
11,754.8
13,359.8
12,564.3
13,155.9
13,812.9
12,238.3
9,147.7
9,099.2
91
182
92
182
91
3
10
18
$13,967.4
14,053.0
14,001.2
14,851.3
13,751.1
13,889.5
15,729.2
12,827.8
10,102.9
10,901.9
12,054.9
11,970.1
8,581.3
9,555.7
11,327.8
10,123.3
4
12
Amount of
bids
tendered
52 weeks:
1981-Aug.
Sept.
Oct.
Nov.
Dec.
13
10
8
5
3
1982-Aug.
Sept.
Oct.
Nov.
Dec.
May
June
July
Aug.
28
1983-Jan.
25
Feb.
25
22
20
Mar.
Apr.
17
15
12
Cash management:
4
1982-Aug.
9
7
4
2
30
31
1982-Jan.
Feb.
Mar.
Apr.
12
May
June
July
Aug.
1982-Sept.
27
24
24
21
19
16
14
11
16
Amounts of bids accepted
Total
amount
$4,737.6
On com-
On noncom-
petitive
basis 2/
petitive
basis 3/
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues outstanding after
new issues
September 1982
37
PUBLIC DEBT OPERATIONS,
Table PDO-2. - Offerings of Bills - Continued
On total bids accepted
Issue
date
Average price
per hundred
Equivalent average
rate 5/
On competitive bids accepted
High
Price per hundred
Regular weekly:
1982-May
6.
13.
20.
27.
June
3.
10.
17.
24.
July
1
8.
15.
22.
29.
Aug.
5.
12.
19.
26.
52 weeks:
1981-Aug.
Sept.
Oct.
Nov.
13.
10.
8.
5.
Dec.
3.
31.
1982-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Cash management
1982-Aug.
28.
25.
25.
22.
20.
17.
15.
12.
:
4.
96.796
Equivalent rate
_5/
Price per hundred
Equivalent rate 5/
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table PDO-3. -
New Money Financing through Regular Weekly Treasury
(Dollar amounts In millions)
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
Bills
u
39
September 1982
PUBLIC DEBT OPERATIONS
Table PDO-3. -
New Money Financing through Regular Weekly Treasury
Bills
1/
-
Continued
(Dollar amounts In millions)
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-4.
Public Offerings of Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts In millions)
Date subscrip-
September 1982
41
PUBLIC DEBT OPERATIONS
Table PDO-4.
-
Public Offerings of Marketable Securities Other than
Regular Weekly Treasury Bills-Continued
(Dollar amounts in millions)
Date subscrip-
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-4
Source:
Bureau of the Public Debt.
Note:
All securities except EA & EO notes were sold at auction
through competitive and noncompetitive bidding.
1 / For maturing issues, see Table PDO-7.
2 / For bill issues, always sold at auction, the rate shown Is the
equivalent average rate (bank discount basis) of accepted bids.
Other securities issued at par except those sold at auction. For
details of bill offerings see Table PDO-2.
3/ From date of additional issue in cause of a reopening.
4 / In reopenings the amount issued is in addition to the amount of
original offerings.
5 / As of the April 1982 issue of the Bulletin, includes securities
issued to U.S. Government accounts and Federal Reserve banks; and to
foreign and international monetary authorities, whether in exchange
for maturing securities or for new cash.
6 / Yields accepted ranged from 9.85% (price 99.955) up to 9.90% (price
99.818) with the average at 9.882 (price 99.873).
7/ Yields accepted ranged from 10.73% (price 100.121) up to 10.85%
(price 99.399) with the average at 10.81% (price 99.639).
8 / Prices accepted ranged from 97. 'lO (yield 10.66%) down to 96.18
(yield 10.80%) with the average at 96.91 (yield 10.71%).
9/ Yields accepted ranged from 11.18% (price 99.904) up to 11.26%
(price 99.765) with the average at 11.24% (price 99.799).
10/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78%
(price 99.759) with the average at 11.76% (price 99.835).
11/ Yields accepted ranged from 11.85% (price 100.043) up to 11.96%
(price 99.853) with the average at 11.93% (price 99.905).
12/ Yields accepted ranged from 12.05% (price 100.233) up to 12.15%
(price 99.923) with the average at 12.13% (price 99.985).
13 / Yields accepted ranged from 11.48% (price 100.088) up to 11.75%
(price 98.197) with the average at 11.61% (price 99.171).
14/ As a result of correcting an overstatement by a Federal Reserve Bank
of the amount of noncompetitive tenders received, the total amount
of accepted tenders was changed from $4,500 million to $4,315
million.
Neither the average yield nor the amount or range of
competitive tenders was affected.
15 / Yields accepted ranged from 12.19% (price 99.888) up to 12.26%
(price 99.767) with the average at 12.24% (price 99.801).
16 / Yields accepted ranged from 13.09% (price 100.438) up to 13.40%
(price 99.592) with the average at 13.31% (price 99.837).
17 / Yields accepted ranged from 12.95% (price 100.276) up to 13.12%
(price 99.342) with the average at 13.07% (price 99.616).
18/ Yields accepted ranged from 12.69% (price 100.461) up to 12.87%
(price 99.090) with the average at 12.81% (price 99.543).
19 / Yields accepted ranged from 13.91%
(price 99.941) up to 14.02%
(price 99.755) with the average at 13.99% (price 99.805).
20 / Yields accepted ranged from 13.40% (price 100.211) up to 13.54%
(price 99.698) with the average at 13.52% (price 99.771).
21 / Yields accepted ranged from 15.13% (price 99.992) up to 15.18%
(price 99.908) with the average at 15.15% (price 99.958).
22/ Yields accepted ranged from 13.93% (price 100.209) up to 14.06%
(price 99.821) with the average at 14.03% (price 99.910).
23 / Yields accepted ranged from 12.38% (price 99.957) up to 12.50%
(price 99.407) with the average at 12.49% (price 99.453).
24 / Yields accepted ranged from 11.77% (price 99.787) up to 11.84%
(price 99.255) with the average at 11.82% (price 99.407).
25 / Yields accepted ranged from 13.65% (price 99.958) up to 13.71%
(price 99.856) with the average at 13.69% (price 99.890).
26 / As a result of correcting an understatement by a Federal Reserve
Bank of the amount of competitive tenders received, the total
amounts of tenders received and accepted were increased by $100
million. The average yield was not affected.
27 / Yields accepted ranged from 13.32% (price 99.809) up to 13.40%
(price 99.592) with the average at 13.37% (price 99.673).
28 / Prices accepted ranged from 100.85 (yield 12.83%) down to 100.25
(yield 12.94%) with the average at 100.50 (yield 12.89%).
29 / Prices accepted ranged from 100.81 (yield 12.63%) down to 100.26
(yield 12.70%) with the average at 100.43 (yield 12.68%).
iOJ Yields ranged from 13.94% (price 99.890) up to 14.00% (price 99.789)
with the average at 13.97% (price 99.839).
31/ Yields ranged from 13.74% (price 99.865) up to 13.74% (price 99.610)
with the average at 13.79% (price 99.683).
32 / Yields accepted ranged from 12.61% (price 100.026) up to 12.68%
(price 99.905) with the average at 12.65% (price 99.957).
33 / Yields accepted ranged from 13.46% (price 99.744) up to 13.51%
(price 99.953) with the average at 13.49% (price 99.653).
34 / Yields accepted ranged from 13.13% (price 99.870) up to 13.26%
(price 98.963) with the average at 13.21% (price 99.310).
35 / Yields accepted ranged from 13.24% (price 100.025) up to 13.39%
(price 99.355) with the average at 13.34% (price 99.577).
36 / Yields accepted ranged from 14.35% (price 100.253) up to 14.63%
(price 99.781) with the average at 14.51% (price 99.983).
37 / Yields accepted ranged from 15.79% (price 99.907) up to 15.82%
/price 99.838) with the average at 15.81% (price 99.861).
38 / Yields accepted ranged from 14.44% (price 100.312) up to 14.60%
(price 99.482) with the average at 14.56% (price 99.689).
39 / Yields accepted ranged from 13.85% (price 100.177) up to 14.01%
(price 99.053) with the average at 13.99% (price 99.192).
40 / Yields accepted ranged from 15.70% (price 99.876) up to 15.74%
(price 99.809) with the average at 15.72% (price 99.842).
41 / Yields accepted ranged from 13.84% (price 100.131) up to 14.02%
(price 99.460) with the average at 13.95% (price 99.720).
42 / Yields accepted ranged from 14.69% (price 99.891) up to 14.74%
(price 99.807) with the average at 14.72% (price 99.840).
43 / Yields accepted ranged from 13.98% price 100.060) up to 14.06%
4.04% (price 99.881).
(price 99.821) with the average at
44 / Yields accepted ranged from 13.36%
price 100.004) up to 13.49%
3.45% (price 99.382).
(price 99.108) with the average at
45 / Yields accepted ranged from 13.95%
price 100.199) up to 14.14%
4.07% (price 99.674).
(price 99.369) with the average at
46 / Yields accepted ranged from 15.88%
price 99.992) up to 15.95%
(price 99.876) with the average at
5.92% (price 99.925).
47 / Yields accepted ranged from 15.94%
price 99.870) up to 15.97%
(price 99.795) with the average at
5.96% (price 99.820).
48 / Yields accepted ranged from 14.93%
price 99.719) up to 15.02%
(price 99.262) with the average at 4.98% (price 99.465).
49 / Prices accepted ranged from 98.99 ( yield 14.00%) down to 98.46
(yield 14.08%) with the average at 98.58 (yield 14.06%).
50 / Yields accepted ranged from 16.20%
price 100.083) up to 16.28%
(price 99.950) with the average at
6.26% (price 99.983).
51 / Yields accepted ranged from 16.05%
price 100.043) up to 16.19%
(price 99.561) with the average at
6.14% (price 99.733).
52 / Yields accepted ranged from 16.03%
price 99.950) up to 16.17%
(price 99.719) with the average at 6.12% (price 99.802).
53 / Yields accepted ranged from 15.89%
price 99.957) up to 15.93%
(price 99.842) with the average at
5.91% (price 99.899).
54 / Yields accepted ranged from 15.72%
price 100.062) up to 15.82%
(price 99.458) with the average at
5.78% (price 99.699).
55 / Yields accepted ranged from 15.33%
price 100.186) up to 15.44%
5.40% (price 99.892).
(price 99.725) with the average at
56 / Yields accepted ranged from 15.53%
price 99.950) up to 15.59%
(price 99.851) with the average at
5.56% (price 99.900).
57 / Yields accepted ranged froram 14.36% (price 100.036) up to 14.46%
4.43% (price 99.870).
(price 99.799) with the average at
58/ Yields accepted ranged from 14.33%
price 99.582) up to 14.36%
(price 99.425) with the average at 4.33% (price 99.582).
59 / Yields accepted ranged from 13.98%
price 100.141) up to 14.24%
(price 98.342) with the average at
4.10% (price 99.303).
60 / Yields accepted ranged from 12.05%
price 100.130) up to 12.27%
2.22% (price 99.836).
(price 99.750) with the average at
61 / Yields accepted at ranged from 12.7 9% (price 99.699) up to 12.85%
(price 99.476) with the average at
2.83% (price 99.550).
62 / Yields accepted ranged from 12.97%
price 100.051) up to 13.15%
(price 99.744) with the average at
3.06% (price 99.897).
63 / Yields accepted ranged from 14.09%
price 100.104) up to 14.22%
4.16% (price 99.896).
(price 99.718) with the average at
64 / Yields accepted ranged from 14.20%
price 100.229) up to 14.27%
4.25% (price 99.899).
(price 99.767) with the average at
65 / Yields accepted ranged from 14.65%
price 99.887) up to 14.84%
4.74% (price 99.502).
(price 99.077) with the average at
66 / Yields accepted ranged from 14.95%
price 100.084) up to 15.11%
5.08% (price 99.866).
(price 99.816) with the average at
67 / Yields accepted ranged from 14.57%
price 100.130) up to 14.67%
4.63% (price 99.988).
(price 99.894) with the average at
68 / Yields accepted ranged from 14.60%
price 100.129) up to 14.72%
4.68% (price 99.716).
(price 99.511) with the average at
69/ Prices accepted ranged from 96.68 ( ield 14.47%) down to 95.75
(yield 14.61%) with the average at '6.08 (yield 14.56%).
70/ Yields accepted ranged from 15.12% price 100.008) up to 15.26%
5.21% (price 99.858).
(price 99.775) with the average at
7 / Yields accepted ranged from 13.96%
price 99.965) up to 14.05%
(price 99.639) with the average at 4.01% (price 99.784).
72/ Yields accepted ranged from 14.08% price 100.076) up to 14.16%
(price 99.941) with the average at 4.14% (price 99.975).
73 / Yields accepted ranged from 14.02%
price 99.940) up to 14.08%
(price 99.762) with the average at 4.05% (price 99.851).
74 / Yields accepted ranged from 14.38%
price 99.957) up to 14.45%
4.42% (price 99.784).
(price 99.655) with the average at
75/ Yields accepted ranged from 13.95% price 99.873) up to 14.02%
(price 99.754) with the average at 3.98% (price 99.822).
76/ Yields accepted ranged from 14.16%
price 99.917) up to 14.19%
(price 99.846) with the average at 4.17% (price 99.893).
77 / Yields accepted ranged from 13.73%
price 100.017) up to 13.80%
(price 99.733) with the average at 3.77% (price 99.893).
78 / Yields accepted ranged from 13.75%
price 100.000) up to 13.78%
3.77% (price 99.966).
(price 99.949) with the average at
79/ Yields accepted ranged from 13.67% price 100.116) up to 13.73%
3.71% (price 99.970).
(price 99.897) with the average at
80 / Yields accepted ranged from 14.36%
price 100.025) up to 14.49%
4.43%
(price 99.806) with the average at
(price 99.907).
81/ Yields accepted ranged from 14.93%
price 99.839) up to 14.97%
(price 99.722) with the average at 4.96% (price 99.752).
82/ Yields accepted ranged from 14.55% price 99.766) up to 14.68%
(price 99.208) with the average at 4.62% (price 99.465).
83/ Yields accepted ranged from 13.04% price 100.145) up to 13.17%
The
3.09% (price 100.060).
(price 99.923) with the average at
coupon rate was established at 13-1 8% so that all prices would be
above the original issue discount 1 mit of 99.750.
price 100.302) up to 13.22%
84 / Yields accepted ranged from 13.00%
3.17% (price 99.891).
(price 99.771) with the average at
yield 13.64%) down to 100.03
85/ Prices accepted ranged from 100.47
(yield 13.72%) with the average at 00.18 (yield 13.69%).
price 100.428) up to 11.72%
86 / Yields accepted ranged from 11.38%
1.67% (price 99.922).
(price 99.835) with the average at
87/ Yields accepted ranged from 12.64% price 99.807) up to 12.69%
2.68% (price 99.658).
(price 99.620) with the average at
*
Less than $500,000.
p
Preliminary.
43
September 1982
PUBLIC DEBT OPERATIONS.
Table
PDO-5.
Description of securities
1982
8-3/8%
11-7/8%
Unmatured Marketable Securities Issued at a Premium
Other than Advance Refunding Operations
Date of
financing
Amount Issued
(in millions)
Average price
per hundred
Effective
interest
rate
(percent)
or
Discount
Eligible securities exchanged
u
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations - Continued
September 1982
45
PUBLIC DEBT OPERATIONS"
- Unmatured Marketable Securities Issued at a Premium or Discount
Otber tban Advance Refunding Operations - Continued
Table PDO-5.
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table PDO-5.
Unmatured Marketable Securities Issued
Other than Advance Refunding Operations
-
at
-
a
Premium
Continued
or
Discount
September 1982
47
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
(In millions of dollars)
i'
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part
B.
-
Bills
Other than Regular Weekly
(Dollar amounts In millions)
Seriet;
September 1982
49
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollar amounts In millions)
Called or maturing securities 1/
Date of
refunding
or retirement
Description
_2/
Treasury Bulletin
50
I
Table PDO-8.
Issued
to
PUBLIC DEBT OPERATIONS
-
Foreign Series Securities (Nonmarketable)
Official
Institutions
^I'd/able tn V.^. dollars;
Securities
Issue
of
Foreign
dollar amounts
In
Countries
mllllnns)
51
September 1982
PUBLIC DEBT OPERATIONS
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official
Institutions
of
Foreign Countries-Continued
(Payable tn U.S. dollars; dollar amounts
Issue
In
millions)
52
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-9. - Foreign Currency Series Securities
Issued to Residents of Foreign Countries
(Dollar dmounts In millions)
Month of
activity
Securities
Payable
September 1982
53
.UNITED STATES SAVINGS BONDS.
Series EE and HH bonds, on sale since January
savings bonds currently sold.
through April 30, 1941,
1,
1980, are the only
Series E was on sale from May
1,
19il, through
December 31, 1979 (through June 1980 to payroll savers only).
and G were sold from May
from June
1952,
1,
1,
from May
1941,
through April 30, 1952.
through December 31, 1979.
Table SB-1.
-
Sales
through April 30,
1952,
1,
the
Details of
1957.
principal
changes In issues. Interest yields, maturities, and other terms appear
Series A-D were sold from March 1, 1935,
In
Series F
Treasury
May
1959,
Annual
Series H sold
Bulletins
and
Report
of
October
of
the
April
1961,
1951,
June
Secretary of
May
1968,
1957,
and
October
September
and
1970;
the Treasury for fiscal
December
and
years
the
1966
through 1980.
Series J and K were sold
and Redemptions by Series, Cumulative through August 31, 1982
(In millions of dollars)
Amount outstanding
Sales 1/
Series
Series
Series
Series
A-D 2/
i.S'iS
E, EE, H,
F and G
222,669
28,396
3.556
and HH
J and K
258,569
Total A-K
Accrued
discount
Sales plus
accrued
discount
Redemptions
198
3,754
5,001
228,347
29,515
3,752
75,251
333,820
266,616
1,054
72,873
1,125
5,003
295,542
29,521
_!_/
Interestbearing debt
Matured
non-lnterestbearlng debt
57
Footnotes at end of Table SB-4.
Table SB-2.
-
Sales and
Redemptions by Periods, All Series Combined
Amount outstanding
Redemptions 1/
Period
Fiscal years
1935-71
Sales 1/
:
189,436
5,940
6,514
6,429
6,826
7,293
1,833
7,895
8,026
7,295
4,819
3,355
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
Calendar years
1935-71
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Months
1981-Aug
:
192,189
6,236
6,270
6,862
7,038
7,555
7,954
7,959
6,988
4,124
3,335
:
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
Accrued
discount
260
225
246
244
301
272
254
267
256
242
250
288
234
34,
Sales plus
accrued
discount
Sales
price
_3/
Accrued
discount
Interestbearing debt
Matured
non-interestbearing debt
54
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K
(In millions of dollars)
Redemptions 1/
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
Amount outstanding
Accrued
discount
3/
E,
Fiscal years
1941-71
:
153,536
5,939
6,514
6,429
6,826
7,293
1,833
7,895
8,026
7,295
4,819
3,355
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
Calendar years
1941-71
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Months
1981-Aug
:
156,289
6,236
6,270
6,862
7,038
7,555
7,954
7,959
6,988
4,124
3,335
:
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
260
225
246
244
301
272
254
267
256
242
250
288
234
32,467
EE, H, and HH
Interestbearing debt
Matured
non-interestbearing debt
55
September 1982
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
E through
Sales and Redemptions by Periods, Series
K— Continued
(In millions of dollars)
Redemptions
Sales
1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
V
Accrued
discount
Exchange of
E bonds for
H and HH bonds
Amount outstanding
Interestbearing debt
Matured
non-lnterestbearlng debt
Series E and RE
Fiscal years
19«1-71
1972
1973
:
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
Calendar years
1941-71
142,675
5,650
6,190
6,145
6,503
6,975
1,761
7,576
7,774
7,061
4,684
3,303
32,467
2,310
2,564
2,749
3,252
3,496
902
3,827
4,104
4,318
4,171
4,199
175,142
7,950
8,755
8,894
9,755
10,471
2,663
11,403
11,879
11,379
8,855
7,502
126,797
4,972
5,209
5,155
6,053
6,114
1,511
6,638
7,244
10,151
15,417
11,271
109,861
3,932
4,118
4,842
4,717
4,705
1,241
5,070
5,469
7,323
10,160
6,850
16,935
1,037
1,090
1,314
1,346
1,409
145,244
5,922
5,988
6,524
6,729
7,245
7,638
7,718
6,783
4,028
3,256
33,500
2,426
2,673
2,994
3,368
3,597
3,910
4,180
4,298
4,124
4,365
178,844
8,348
8,661
9,518
10,097
10,841
11,548
11,898
11,081
8,151
7,621
129,171
5,007
5,740
6,318
5,886
5,336
6,686
7,545
111,167
14,345
11,049
111,763
3,958
4,507
4,965
4,555
4,855
5,095
5,762
8,084
9,205
6,672
17,408
1,049
1,234
1,353
1,331
1,481
1,591
1,883
3,283
5,139
4,377
2,565
58
620
617
578
645
728
717
659
904
591
529
473
291
367
693
672
315
312
294
325
431
395
313
311
319
279
179
409
71
90
71
49
32
59
52
75
66
281
60
255
57
24
102
371
1,567
1,775
2,828
5,255
4,420
,443
292
338
310
310
325
80
313
325
345
537
748
45,902
48,598
51,806
54,234
57,617
61,548
62,621
67,073
71,383
72,266
65,167
60,650
:
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Months
1981-Aug
329
319
310
326
327
303
333
356
599
750
47,108
50,120
52,723
55,613
59,498
53.676
68,235
72,154
71,512
64,719
60,541
:
3
. .
263
258
259
246
.
271
457
452
414
395
Sept..
Oc
t
.
Nov.
Uec.
1982-.Ian
.
Feb
Mar....
Apr. .
May
June.
July...
Aug....
265
244
261
359
319
398
.
2
56
394
.
241
253
426
434
422
395
840
792
571
547
6 56
922
823
819
545
667
687
666
665
716
575
590
652
570
Series H and HH
Fiscal years
1952-71
1972
:
10,923
289
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
322
284
324
318
72
319
251
234
134
53
Calendar years
1952-71
:
11,045
1972
1973
1974
1975
1975
1977
1978
1979
1980
1981
314
282
338
309
310
316
240
206
96
79
Months
1981-Aug
:
Sept.
.
Oct
Nov.
Dec.
t .
..
.
1982-Jan
Feb
Mar
Apr. . .
May....
June. .
July...
Aug
-3
-33
-13
-3
30
6
10
5
5
1
-3
10,923
229
151
505
221
174
50,953
60,650
60,366
60,391
60,466
60,278
60,061
59,764
59,530
59,665
59,697
59,589
59,684
75
68
64
58
55
53
51
49
48
Treasury Bulletin
56
-UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unclassified
Series E, EE,
H, and HH
Fiscal years
1951-71
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
Series E, EE,
H, and HH
7/
:
Calendar years
1951-71
1972
1973
1974
1975
1976
18,842
3,578
3,157
5,654
10,430
8,769
37,943
2,036
2,121
2,724
2,545
2,816
794
-577
3,153
5,651
10,428
8,769
134,830
5,365
6,210
6,833
6,291
6,771
7,110
8,200
12,326
15,543
11,998
59,368
2,053
2,508
2,627
2,481
3,275
2,556
3,129
6,459
10,112
8,981
38,972
2,047
2,505
2,622
2,481
3,275
2,556
3,125
6,448
10,116
8,978
20,395
982
922
864
621
585
986
876
882
783
622
645
702
615
657
714
672
578
344
441
300
1,022
846
576
557
405
n.a.
657
714
672
578
343
441
300
1,022
846
576
557
405
135 ,245
5 ,338
5 ,586
6 ,681
6 ,517
6 ,543
1 ,689
7 ,064
7 ,747
10 .975
16 ,703
12 ,242
56,785
2,043
2,126
2,729
2,544
2,820
797
7
5
5
-1
4
3
1
A
3
2
2
78,460
3,317
3,393
3,847
3,776
3,772
891
3,487
4,690
4,927
6,430
3,105
67,247
3,317
3,393
3,847
3,776
3,772
891
3,487
4,590
4,927
6,430
3,105
75,463
3,337
3,578
3,789
3,955
3,487
4,553
5,071
5,709
5,709
3,017
66,633
3,337
3,578
3,789
3,955
3,487
4,553
5,071
5,709
5,709
3,017
325
208
192
43
242
545
576
-140
-63
45
88
298
325
208
192
43
242
545
576
-23
67
104
198
-197
-156
223
I
:
1977
1978
1979
1980
1981
Months
1981-Aug
Sept...
Oct
6
3
5
-4
4
11
-4
3
-24
123
417
-145
158
-277
:
Nov.
Dec.
. .
..
.
1982-Jan
Feb
Mar
Apr.
. .
May
June. .
July...
Aug
Source:
Monthly Statement of the Public Debt of the United States;
Office of Market Analysis, United States Savings Bonds Division,
Note:
In these tables sales of Series A-F and J bonds are Included
at issue price, and redemptions and amounts outstanding at current
redemption value.
Series G, H, HH, and K are included at face value
throughout. Matured bonds which have been redeemed are included In
redemptions. Matured E, H, J, and K bonds outstanding are Included
in the Interest-bearing debt until all bonds of the annual series
have matured, and are then transferred to matured debt on which
interest has ceased.
\l Sales and redemption figures Include exchange of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January 1960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H and HH bonds, which are reported In Table SB-3.
II Details by series on a cumulative basis and by periods of Series A-D
combined will be found In the February 1952 and previous Issues of
the Treasury Bulletin.
_3/ Because there Is a normal lag in classifying redemptions, the
-140
-63
45
88
298
n.a.
distributions of reidemption between sales price and accrued discount
have been estimated
UJ Series F and G sale s were discontinued April 30, 1952, and Series J
and K sales were dl scontlnued April 30, 1957.
Sales figures after
April 30, 1957, rep resent adjustments,
5/ Includes exchanges of Series 1941 F and G bonds for 3-1/4 percent
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G savings bonds for 4-3/4
percent marketable notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4 percent
marketable bonds of 1969.
Includes exchanges of Series 1960 F and G bonds for 3-7/8 percent
marketable bonds of 1968.
^/ Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8
percent marketable bonds of 1971 and 4 percent marketable bonds of
1980.
7/ Represents changes In the amounts of redemptions not yet classified
*
between matured and unmatured Issues.
n.a.
Not available.
Less than $500,000.
57
September 1982
UNITED STATES SAVINGS BONDS,
Table SB-5.
-
Sales and
Redemptions by Denominations, Series
E,
EE, H, and
HH
-
-
(In thousands of pieces)
Period
Fiscal years
1941-70
1971
1972
1973
1974
1975
1976
T.q
1977
1978
1979
1980
1981
Total all
denominations
$10
_3/
S25
:
Calendar years
1941-69
1970
1971
1972
1973
1974
1975
3,166,J61
1
2
1
,Si4
127.671
134,552
134.854
136,600
142,539
35 704
146,927
151,726
148,777
108.622
72.191
,
:
1976
1977
1978
1979
1980
1981
Months
1981-June
July
Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Har
Apr.p
Hay p
June p
494
120,130
123.637
130 568
132,920
3, 105.
,
147 ,359
138,421
145,757
147,960
152,005
144.536
93,757
70,300
:
Inception to date p
5.994
5.765
5.570
5,848
5.703
5.383
6.159
5
,675
5,020
5,575
5.175
5,141
5,377
4,732,028
2.077,757
S50
S75
V
SlOO
S200
V
$500
SI, 000
S5,000
SIO.OOO ^/
Treasury Bulletin
38
UNITED STATES SAVINGS NOTES,
U.S.
1970.
savings notes were on sale May
1,
1967,
The notes were eligible for purchase by
through June 30,
and
Individuals with the
information on
investment
yields of savings notes appear in the
Treasury Bulletins of March 1967 and June 1968; and the Annual Report
simultaneous purchase of Series E savings bonds.
of the Secretary of the Treasury for fiscal year 197^,
The principal terms and conditions for purchase and redemptions
Table SN-1.
-
Sales and
Redemptions by Periods
(In millions of dollars)
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 2/
Sales
price
Fiscal years:
1967-1970
Amount
outstanding
Accrued
discount
September 1982
39
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-1.
-
Distribution of Federal Securities by
Class
of
Investors and
(In millions of dollars)
Interest-bearing public debt securities
Total
End of
fiscal year
or month
Type
of
Issues
Treasury Bulletin
60
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
-
Estimated Ownership of Public Debt Securities by Private Investors
(Par values
1 /
In billions of dollars)
Nonbank investors
Individuals 3/
End of
month
1939-Dec..
1946-Feb.
Dec.
1956-June.
Dec.
1957-June.
Dec.
1958-June.
Dec.
1959-June.
Dec.
1960-June.
Dec.
1961-June.
Dec.
1962-June.
Dec.
1963-June.
Dec.
.
1964-June.
Dec.
1965-June.
Dec.
1966-June.
Dec.
1967-June.
Dec.
1968-June.
Dec.
1969-June.
Dec.
1970-June.
Dec.
1971-June.
Dec.
1972-June.
Dec.
1973-June.
Dec.
1974-June.
Dec.
1975-June.
Dec.
1976-June.
Dec.
1977-June.
Dec.
1978-June.
Dec.
1979-June.
Dec.
1980-June.
Dec.
1981-Jan. .
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
1982-Jan.
Feb..
Mar..
Apr.
May..
June.
July.
Total
privately
held
cial
banks
2/
33.
12.7
231,
208.
196,
93.8
74.5
57.3
59.5
56.2
199,
193.
197.
197.
203.
204.
210.
204.
207.
205.
212,
211.
216.
215.
217,
214,
218,
213,
216,
209,
215,
204,
219,
217,
226,
214,
221,
217,
229,
228,
247.
243,
261,
258,
260,
255,
271,
303,
349,
376,
409,
421,
461
477,
508,
516,
540,
558,
616,
627.4
639.6
654.6
650.4
652.3
651.2
651.3
656.7
665.4
677.2
684.5
694.5
707.3
720.8
733.3
727.1
735.2
740.9
749.6
Savings bonds
Comraer-
59.
65.
67.
61.
60.
55.
62.
62.
67.
65.
67.
64.
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.
53.
55.
69.
85.
92.
103.8
102.8
101..4
99..1
93..2
93..5
96..4
100..3
116.0
117.2
116.4
117.5
113.
113.
113.
114.
115.
112.
111.
110.0
109.4
111.4
111.8
114.3
110.1
109.4
117.0
110.0
Series
E,EE,H,
and HH
20.7
137.9
133.6
139.5
140.9
137.4
137.
131.
136.
142.
150.
149.
145.
142.
145.
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
283.8
305.7
318.2
359.9
378.7
415.4
423.1
444.1
457.9
500.4
510.2
523.2
537.1
536.9
539.1
537.9
537.1
541.7
553.2
565.9
574.6
585.1
595.9
609.0
619.0
517.0
625.8
623.9
639.6
9.4
63.9
64.1
66.6
55.9
66.3
64.
64.
63.
66.
69.
69.
56.1
54.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.
73.
73.
73.
75.
77.
80.7
84.2
86.8
90.8
96.2
101.6
104.9
107.8
109.0
114.0
113.2
116.1
120.2
129.2
134.2
136.2
138.6
138.2
139.9
139.6
139.5
140.2
140.3
141.0
141.5
143.7
144.1
144.
146.
145.
146.
146.
146.
30.8
30.3
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
Other
series 7/
1.9
12.5
13.9
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2..2
2..1
1..9
1..6
1..5
1..3
1..2
1..0
.9
.7
.5
.3
.3
.4
51.1
51.4
51.2
.5
51.1
.7
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
52.9
65.0
66.9
69.2
71.5
74.0
76.3
78.7
80.3
80.2
79.5
73.1
72.2
.8
71.1
70.4
70.1
.3
69.5
59.2
68.9
68.7
68.4
68.0
67.7
67.7
67.8
67.6
67.4
67.2
67.0
67.1
67.1
67.1
.6
.7
.7
.6
.5
.5
.6
.5
.5
.5
.5
.4
.4
.4
.4
.4
.4
.4
.4
.4
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
.3
Other
securities
7.5
20.6
20.0
16.3
15.8
17.2
16.7
16.4
16.0
19.
23.
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
15.9
18.8
20.8
21.3
21.3
26.5
29.6
30.5
31.1
29.9
33.3
32.5
35.2
45.8
56.7
62.8
65.5
68.2
58.3
70.3
70.4
70.5
71.5
72.0
73.0
73.5
75.6
76.2
77.0
79.0
78.4
78.8
78.8
79.0
Insurance
companles
Mutual
savIngs
banks
5.7
Corporations A/
State
and
local
governments
Foreign
and inter-
Other
investors
national
6/
5/
September 1982
61
TREASURY SURVEY OF OWNERSHIP, JULY
31,
1982
NOTICE
The Treasury Survey of Ownership of Marketable Securities
Tables
discontinued.
been
has
discontinued
with
this
through
TSO-1
issue
TSO-5
Treasury
the
of
will
be
Bulletin.
Estimated aggregate ownership data, now shown in Table OFS-2,
wil
1
presented
continue to be
other rel iable data sources
,
revised
in a
format
,
based on
reflecting trends in holdings by
various investor j^roups.
The monthly Treasury Survey of Ownership covers securities Issued by the
U.S.
Government,
District
of
Federal
Columbia.
federally
agencies,
The
banks
and
sponsored
insurance
agencies,
companies
Included
and
the
In
the
1960
Bulletin,
and
for State and
governments
local
In
Holdings
The similar proportion for corporations and for savings
by
commercial
banks
distributed
according
to
Federal
Reserve
31
.
Holdings by corporate pension trust funds are published quarterly
,
appearing In the March 1954 Bulletin.
Data were first published for banks and Insurance companies in the
Hay 1941 Treasury Bulletin, for corporations and savings and loan assoriatlons
Table TSO-1.
-
Summary
of
Federal Securities
(Par val ies - in millions of dollars)
Held by private Investors covered In Treasury Survey
Classification
Total
amount
outstanding
Public debt issues:
Interest-bearing public
debt securlt les:
Marketable
Nonmarketable ±/
Total interest-bearing
public debt securities
Matured debt and debt
bearing no interest
Total public debt
securities
_1_/
U.S. Government accounts and
Federal
Reserve
banks
2/
Insurance companies
440
286
life
774,077
309,218
139,521
199,420
634,556
109,798
74,707
,335
4,131
1,083,296
338,941
744,354
74,707
,335
4,131
6,321
1,125
5.196
1,089,616
340,066
749,550
2,146
2,328
182
2,165
1,045
Total Government agency
securities covered In
Treasury Survey
4,493
1,227
3,266
518
37
481
5,011
1,264
3,747
Total Government agency
securities 6^/
2_/
coramer-
fire,
casualty,
and
State and local
governments
457
savings
and loan
assoclatlons
405
corpo-
178
All
other
private
investors 3/
general
funds
pension
and retlrement
3,497
11,172
10,530
511.711
109,798
3,497
11,172
10,530
621,509
rat tons
310
marine
Government agency issues:
Regular issues
Participation
certificates 5_/
Nonsurveyed Government
agency securities
cial
banks
439
mutual
savings
banks
5,279
Total
private
Investors
9,57 7
^,896
5,196
74,707
the
member bank classes and nonmember banks are published for June 30 and December
and loan associations Is 50 percent, and for State and local governments, 40
percent.
September
February 1962 Bulletin.
Survey currently account for about 80 percent of all such securities held by
these institutions.
the
in
,335
4,131
3,497
11.172
10,530
626,705
first
Treasury Bulletin
62
TREASURY SURVEY OF OWNERSHIP, JULY
Table TSO-2.
-
31,
1982.
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
millions of dollars)
Held by private Investors
Classification
ered In Treasury Survey
63
September 1982
TREASURY SURVEY OF OWNERSHIP,
Table TSO-3.
-
JULY
31,
1982
Interest-Bearing Marketable Public Debt Securities by iRsue— Contuiued
(Par values - in millions of dollars)
Held by Investors covered in Treasury Survey
Treasury Bulletin
64
TREASURY SURVEY OF OWNERSHIP, JULY
Table TSO-S
-
Tnterpst-Rparini? Marketable Public
31,
1982.
Debt Securities bv Issue— Continued
63
September 1982
TREASURY SURVEY OF OWNERSHIP, JULY
Table
TSO^.
-
Securities Issued by
31,
1982.
Government Agenriea
(Par values - In millions of dollars)
Held by Investors covered in Treasury Survey
Treasury Bulletin
66
MARKET QUOTATIONS ON TREASURY
Current market quotations shovm here are over-thecounter closing bid quotations in the New York market for
the last trading day of the month, as reported to the
Treasury by the Federal Reserve Bank of New York.
The
TaDie MQ-i,
Amount
o
SECURITIES, AUGUST
31,
1982
regularly quoted public
securities
listed
Include all
marketable
securities
Issued
by
the
U.S.
Treasury.
Securities Issued by Federal agencies and guaranteed by the
U.S. Government are excluded.
-
Treasury
Bills
67
September 1982
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
Table MQ-2.
-
Treasury Notes-Continiiwl
(Price decimals are 32nds)
31,
1982
Treasury Bulletin
68
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
Table MQ-3.
-
Treasury Bonds
(Price decimals are 32nds)
31,
1982
^.^^^^^^^^
September 1982
69
MARKET QUOTATIONS ON TREASURY SECURITIES, AUGUST
LU
(
I
CMJ
CO
o
in
CO
c\i
o
ID
d
o
d
31,
1982
Treasury Bulletin
70
AVERAGE YIELDS OF LONG-TERM BONDS,
Table AY-1.
-
Treasury
bonds 1/
Average Yields of Long-Term Treasury. Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
Monthly series - averages of daily or weekly series
1971
1974
Jan
Feb
Mar
Apr
May
June
5.92
5.84
5.71
5.75
5.96
5.94
7.63
7.54
7.62
7.76
8.25
8.15
5.40
5.10
5.00
5.11
5.80
5.89
July
Aug
Sept
Oct
Nov
Dec
5.91
5.56
5.56
_4/5.46
5.48
5.62
8.24
8.14
7.90
7.72
7.67
7.54
5.96
5.62
5.20
4.87
4.92
5.02
1972
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
5.62
5.67
5.66
5.74
5.64
5.59
4^/5.59
5.59
5.70
5.69
5.51
5.63
1973
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
ji^/5.96
6.14
6.20
6.11
6.25
6.32
6.53
_4/6.85
6.41
6.25
6.30
6.35
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
6.56
6.54
6.81
7.04
V7.09
7.02
7.18
_5/7.33
7.30
7.22
6.93
6.77
1977
8.32
8.21
8.60
9.04
9.39
9.59
5.19
5.25
5.42
10.18
10.30
10.44
10.29
9.22
9.47
6.75
6.55
6.64
6.33
6.33
6.86
1975
6.68
_4/7.16
5.61
7.20
7.13
5.89
5.92
V6.99
7.17
6.98
V7.01
6.94
7.08
_4/7.16
4/7.24
7.96
8.18
8.33
8.30
8.38
8.08
8.12
8.06
8.11
8.21
8.26
8.39
1978
5.52
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
September 1982
71
AVERAGE YIELDS OF LONG -TERM BONDS
Treasury Bulletin
72
.INTERNATIONAL FINANCIAL STATISTICS,
The tables in this section are designed to provide data on U.S.
reserve assets and liabilities and other statistics related to the U.S.
balance of payments and International financial position.
Table TFS-2 brings together statistics on liabilities to foreign
official institutions, and selected liabilities to all other foreigners,
which are used in the U.S. balance of payments statistics.
Table IFS-1 shows the reserve assets of
the United
States
Including its gold stock, special drawing rights held in the Special
Drawing Account
In
the
International Monetary Fund,
holdings of
convertible
foreign
currencies
and
reserve
posit ion
in
the
International Monetary Fund.
Table
Issued
to
countries.
IFS-3 shows U.S. Treasury nonmarketable bonds and notes
official
institutions
and
other residents
of
foreign
,
Table IFS-4 presents a measure of weighted-average changes in
exchange rates between the U.S. dollar and the currencies of certain
other countries.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 2/
End of
calendar year
or month
Total
reserve
assets 1/
(1)
1977
1978
1979
1980
1981
19.312
1981-Aug..
Sept.
Oct..
Nov.
Dec.
.
1982-Jan..
Feb.
.
Mar..
Apr. .
May..
June.
July.
Aug. .
Total
(2)
_3/
Treasury
(3)
Special
drawing
rights J_/
(^)
V
Foreign
currencies 5/
(5)
Reserve
position in
International
Monetary Fund \l
(6)
^
September 1982
73
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2. - Selected U.S. Liabilities to Foreigners
(In millions of dollars)
Liablllttes to foreign countries
Official institutions
End of
calendar
year or
month
Liabil-
Total
1/
Treasury Bulletin
74
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3. - Nonmarketable U.S. Treasury Bonds and Notes
Issued
to
Official
Institutions and Other Residents
of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year or
month
Grand
Germany
Switzerland
total
(1)
(2)
(3)
1977
1978
1979
1980
1981
20,443
22,565
22,656
21,091
15,872
19,274
20,624
17,387
14,654
11,791
17,467
17,467
16,607
14,607
11,791
1981-Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May
June
July
Aug
18 ,094
12,402
12,402
12,191
11,791
11,791
11,791
11,291
11,291
11,050
10,750
10,150
9,750
9,350
12,402
12,402
12,191
11,791
11,791
11,791
11,291
11,291
11,050
10,750
10,150
9,750
9,350
17,414
17,203
16,803
15,872
15,872
15,372
15,372
15,131
14, 380
13 ,780
12,819
12,419
(4)
506
2.707
630
(5)
(6)
700
450
150
600
47
Payable in foreign currencies
End of
calendar
year or
month
Germany
(7)
1977
1978
1979
1980
1981
(8)
1,169
1,941
5,269
6,437
4,081
1981-Aug..
Sept.
Oct..
Nov.
Dec.
1982-Jan.
Feb..
Mar. .
Apr.
May..
June.
July.
Aug..
,692
,012
012
012
081
,081
,081
,081
,081
,630
,630
069
,069
Note:
For further information, see "Public Debt Operations," Tables
PDO-8 and 9.
_1_/
2J
_1/
Switzerland 2/
(9)
1,595
4,066
5,234
3,622
1,169
346
1,203
1,203
459
5,234
4,553
4,553
4,553
3,622
3,622
3,622
3,622
3,622
3,171
3,171
2,610
2,610
459
459
459
459
459
459
459
459
459
459
459
459
459
Beginning 1978, indicates notes publicly issued to private Gennan residents.
Beginning 1979, indicates notes publicly Issued to private Swiss residents.
September 1982
75
INTERNATIONAL FIMANCIAL STATISTICS
Table IFS-4. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-uelghted average appreciation (+)
or depreciation (-) of the U.S. dollar
End of calendar
year or month
Currencies of
OECD countries 2/
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
-4.9
-9.6
-9.6
-4.6
-1.0
-1.0
-4.1
+6.6
+21.3
+58.9
-0.2
-0.5
-1.2
-5.5
-3.4
-0.8
+3.7
+5.8
+3.5
+5.3
+51.9
+54.3
+56.7
+55.4
+58.9
+63.1
+76.6
+80.3
+84.5
+90.5
+100.4
+103.0
+120.1
..
.
Dec...
1982-Jan
Feb
Mar
Apr.
. .
May
+10.9
+10.3
+ 10.7
June. .
July...
Aug. p.
This table presents calculations of weighted average percentage changes In
the rates of exchange between the dollar and certain foreign currencies.
In order to provide a measure of changes In the dollar's general foreign
exchange value broader than a measure provided by any single exchange rate
change.
Calculations are provided for two sets of countries that account
for a major share of U.S. foreign trade.
U.S. bilateral trade patterns in
1972 are used as a convenient, readily available proxy for the assignment
of relative weights to individual exchange rate changes, though such
weights do not provide a full measure of individual currencies' relative
importance in U.S. international transactions because they take no account
of factors other than trade.
The calculations do not purport to represent
a guide to measuring the impact of exchange rate changes on U.S.
international transactions.
Equation two is used to calculate a trade-weighted average of changes in
the foreign exchange cost of dollars:
(EQ2)
x^/rx)
is
the percent change In the
foreign currency 1 cost of dollars; and
.ifc,/$ is
X^/HX is U.S. exports to country 1, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
Equation one is used to calculate a trade-weighted average of changes in
the dollar cost of foreign currencies:
E - [(E^ *
Where:
E„ = l(ti$/lc^ * n^/ZH)
E^ is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
M^/ZM is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
*
the weighted average of percentage
changes in the foreign currency cost of
E
dollars;
The equations used are as follows:
A$/fc£ is the percent change in the dollar
cost of foreign currency l; and
'r(ifci/$
Where:
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
(EQl)
Currencies of 46 main
trading countries 3/
-9.4
-14.6
-16.0
-10.9
-10.3
-14.6
-21.5
-18.4
-15.0
-3.4
1981-Aug
Sept.
Oct
Nov. .
U
vls-a-vls
m/m+x)*(-l)l +
[Ej,
*
x/m+x]
m/m+x is U.S. imports as a proportion
of its total trade with all countries In
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
2/
_3/
p
Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France,
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New
Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, and United
Kingdom.
The currencies of 46 IMF member countries which account for approximately
90 percent of U.S. total trade.
Preliminary.
16
Treasury Bulletin
CAPITAL MOVEMENTS
Background
date*
Data relating to capital movements between the United States and
foreign countries
have been collected since
1935
under Treasury
regulations pursuant to Executive Orders Nos. 6560 of January 15, 193A,
and 10033 of February 8, 1949, and the International Investment Survey
Act of 1976.
Reports are filed with Federal Reserve banks by banks
bank holding companies, securities brokers and dealers, and nonbanklng
enterprises in the United States.
Statistics on the principal types of
data by country or geographical area are then consolidated and are
published in the monthly Treasury Bulletin.
Banks
securities brokers and dealers, and in some Instances
nonbanklng enterprises report monthly their transactions in securities
wlch foreigners the applicable exemption level Is $500,000 on the grand
total of purchases and on the grand total of sales during the month
covered by the report.
The reporting forms and instructions \J used in the Treasury
International Capital (TIC) Reporting System have been revised a number
of times to meet changing conditions and to increase the usefulness of
the published statistics.
Rev Is ions Co Che reporting forms are part of
an ongoing effort to ensure the adequacy of the Treasury capital
movements statistics for analysis and policy formulation with respect to
the international financial position of
the United
States and on
movements of capital between the United Scates and foreign countries.
Revised forms and instructions are developed with the cooperation of
other Government agencies and the Federal Reserve System and in
consultations with representatives of banks
securities firms, and
nonbanklng enterprises.
,
Major revisions of the TIC B-serles forms
filed by banks and some
brokers In the United States
became effective with reports as of April
30, 1978; new data series were
introduced in the July 1978 Treasury
Bulletin.
Also, effective March 1981, reporting coverage of the Bserles forms was enlarged to Include holdings by brokers and dealers of
certain types of short-term money market Instruments.
Substantial
revisions of the C-series forms, filed by nonbanklng enterprises, were
effective with reports as of December 31, 1978; the new data series are
shown beginning with the June 1979 Issue.
Revisions of the TIC forms
that affect Che formac and coverage of the current Capital Movements
tables are noted under "Description of Statistics" below.
,
,
Basic Definitions
There Is no separate exemption level for Che semiannual reports.
,
;
Quarterly reports are filed by exporters, importers, industrial and
commercial
concerns,
financial
institutions other than banks and
brokers, and other nonbanklng enterprises if their liabilities to, or
claims on, unaf f 1 Hated foreigners exceed a specified exemption level on
a
two quarter-end average basis.
Effective March 31, 1982, this
exemption level was set at $10 million, up from $2 million.
Beginning
December 31, 1978, these firms also report for each month-end their U.S.
dollar-denomlnaced deposlc and certif IcaCes of deposit claims of $10
million or more on banks abroad.
Description of Statistics
Section I presents data on liabilities to foreigners reported by
banks, brokers, and dealers in the United States.
Beginning April 1978,
the following major changes were made in the reporting coverage: amounts
due to banks' own foreign offices are reported separately; a previous
distinction between short-term and long-term liabilities was eliminated;
a separation of the liabilities of the respondents themselves from their
custody liabilities to foreigners and foreign currency llablllt les are
only available quarterly.
Also, beginning April 1978, the data on
liabilities were made more complete by extending to securities brokers
and dealers the requirement to report certain of their own liabilities
and all of their custody liabilities to foreigners.
;
Section II presents the claims on foreigners reported by banks In
the United States.
Beginning with data reported as of the end of April
1978, a distinction was made between banks' claims held for their own
account and claims held for their domestic customers.
The former are
available in a monthly series whereas the latter data are collected on a
quarterly basis only.
Also, the distinction in reporting of long-term
banks claims was discontinued.
and short-term components of
Maturity
data began to be collected quarterly on a time remaining to maturity
basis as opposed to the historic original maturity classification.
Foreign currency claims are also collected only on a quarterly basis.
Beginning March 1981, this claims coverage was extended to certain items
In the hands of brokers and dealers in the United States.
'
The term "foreigner" as used In the Treasury reports covers all
institutions and individuals domiciled outside the United States,
including U.S. citizens domiciled abroad, and the foreign branches,
subsidiaries, and offices of U.S. banks and business concerns; the
central governments, central banks, and other official Institutions of
foreign countries, wherever located, and International and regional
organizations, wherever located.
The term "foreigner" also includes
persons in the United States to the extent that they are known by
reporting institutions to be acting on behalf of foreigners.
In general,
data are reported opposite the foreign country or
geographical area in which the foreigner is domiciled, as shown on the
records of reporting institutions.
For a number of reasons, the
geographical breakdown of the reported data may not in all cases reflect
the ultimate ownership of the assets.
Reporting Institutions are not
expected to go beyond the addresses shown on their records and so may
not be aware of the country of domicile of Che ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars with
foreign banks are reported generally in the Treasury statistics as
liabilities to foreign banks, whereas the liability of the foreign bank
receiving the deposit may be to foreign official Institutions or to
residents of another country.
,
Data pertaining to branches or agencies of foreign official
institutions are reported opposite the country to which the official
institution belongs.
Data pertaining to international and regional
organizations are reported opposite the appropriate International or
regional
classification
except
for
the
Bank
for
International
Settlements which is included in the classification "Other Europe."
Geographical Classification
A number of changes in geographical classification were introduced
most Capital Movements tabled in the July 1978 Issue.
Several
countries formerly
Included in "Eastern Europe" and "Other Latin
American Republics" are now shown separately in the country list as well
as a new category in the "International and regional" grouping for
"Middle Eastern Regional" in view of the proliferation of regional
financial organizations In that area, primarily in the Arab States. The
remaining countries in the categories "Other Eastern Europe" and "Other
Western Europe" were combined Into a single "Other Europe" category; and
the
heading
"Latin
America"
was
retitled
"Latin
America
and
Caribbean."
To the extent possible, the statistics for earlier dates
have been adjusted in accordance with these revised geographical
categories.
for
Reporting Coverage
Another Important change In the claims reporting, beginning with
new quarterly data as of June 30, 1978, was the adoption of a broadened
concept of "foreign public borrower," which replaced the previous
category of "foreign official institution" to produce more meaningful
information on lending to the public sector of foreign countries.
The
term "foreign public borrower" encompasses central governments and
governments
of
foreign
countries
and
of
their
departments of central
possessions; foreign central
banks
stabilization funds and exchange
authorities
corporations and other agencies of central governments
Including development banks, development Institutions and other agencies
which are majority-owned by the central government or its departments;
State, provincial, and local governments of foreign countries and their
departments and agencies; and any international or regional organization
or subordinate or affiliated agency thereof, created by treaty or
convention between sovereign states.
,
,
;
Section III Includes supplementary statistics on U.S.
banks'
The supplementary data on
liabilities to, and claims on, foreigners.
nonbank foreigners combine selected
banks
loans
and
credits
to
information from the TIC reports with data from the monthly Federal
Reserve 2502 reports submitted for major foreign branches of U.S.
Other supplementary data on U.S. banks' dollar liabilities to,
banks.
own dollar claims on,
countries not regularly reported
and banks
separately are available semiannually in the April and October issues of
the Bulletin.
'
'
Section IV shows the liabilities to, and claims on, unaffiliated
importers industrial and commercial concerns,
foreigners by exporters
other
financial
other
than
banks
and
brokers,
and
institutions
The data exclude the
nonbanklng enterprises in the United States.
intercompany accounts of nonbanklng enterprises in the United States
with their own branches and subsidiaries abroad or with their foreign
transactions are
reported
by
business
parent
companies.
(Such
enterprises to the Department of Commerce on its direct Investment
forms.)
The data also exclude claims held through banks in the United
States.
Beginning with data reported as of December 31, 1978, there is
financial
liabilities and claims of reporting
separation of
the
enterprises from their commercial liabilities and claims; and items are
collected on a time-remaining basis instead of the prior original
maturity basis.
In addition, the number of reporters increased somewhat
as a result of a broad canvass of prospective reporters undertaken In
,
,
late 1978.
Reports
are
required
from
banks,
holding
bank
companies,
International
Banking
Facilities
(IBF's),
securities
brokers
and
dealers, and nonbanklng enterprises In the United States, including the
branches, agencies, subsidiaries, and other affiliates in the United
States of foreign firms.
Entitles that have reportable liabilities,
claims, or securities transactions below specified exemption levels are
exempt from reporting.
Section V contains data on transactions In all types of long-term
domestic and foreign securities by foreigners as reported by banks and
brokers in the United States (except nonmarketable U.S. Treasury notes,
foreign series; and nonmarketable U.S. Treasury bonds and notes, foreign
which are shown In the "International Financial
currency series
The data cover new issues of
Statistics" section. Table IFS-3).
and redemptions of
securities,
transactions in outstanding issues
They include transactions executed in the United States for
securities.
and transactions executed abroad for Che
the account of foreigners
The
account of reporting institutions and their domestic customers.
direct
transactions
which
are
classified
as
data
Include
some
The data exclude
investments in the balance of payments accounts.
securities issued abroad by foreign subsidiaries of U.S. corporations,
some of which are treated In the balance of payments as Issues of U.S.
corporations.
,
,
Banks 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 31, they
also report the same liabilities and claims items with respect to
foreigners in countries not shown separately on the monthly reports.
Beginning with reports due as of June 30, 1978, quarterly reports are
filed with respect to liabilities and claims denominated in foreign
currencies vis- a -vis foreigners.
Effective January 31
1982,
the
specified exemption level applicable to the monthly and quarterly
banking reports is $10 million and Is based on the average for the
report dates during a six-month period, including the current report
,
,
The geographical breakdown of the data on securities transactions
shows the country of domicile of the foreign buyers and sellers of the
77
September 1982
CAPITAL MOVEMENTS
securities; in the case of outstanding Issues, this may differ from the
The gross figures contain some
country of the original issuer.
offsetting transactions between foreigners.
The net figures for total
transactions represent transactions by foreigners with U.S. residents;
but the net figures for transactions of Individual countries and areas
may Include some transactions between foreigners of different countries.
The
_1/
data
published
In
these
sections
do
not
cover
all
types
of
reported capital movements between the United States and foreign
The principal exclusions are the Intercompany capital
countries.
transactions of nonbanklng business enterprises In the United States
with their own branches and subsidiaries abroad or with their foreign
parent companies, and capital transactions of the U.S. Government.
Consolidated data on all types of international capital transactions are
published by the Department of Commerce in Its regular reports on the
U.S. balance of payments.
Copies of the reporting forms and instructions may be obtained from the Office of International Financial Reports, Office of the Assistant Secretary for International Affairs, Department of the Treasury, Washington, D.C. 20220, or from district Federal Reserve banks.
Treasury Bulletin
78
CAPITAL MOVEMENTS
Section
I
-
Liabilities
Foreigners Reported by Banks in the United States
Total Liabilities by Type of Holder
to
Table CM-I-1.
-
ons oE dpi Lars
End of
September 1982
79
iCAPTTAL MOVEMENTS^
Table CM-l-2.
-
Total Liabilities by Type. Payable in Dollars
Part A - Foreign Countries
(In millions of dollars)
Official institutions 1/
End of
calendar
year
or month
Other foreigners
Treasury Bulletin
80
CAPITAL MOVEMENTSTable CM-I-3.
-
Total Liabilities by
nd ol period in millloi
Calendar year
Europe
Austria
:
426
BelgiurD-Luxembourii
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Denocratlc Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.K
Yugoslavia
Other Europe
Total Europe
Canada .
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica,
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia:
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia.
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other Asia
_1^/.
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries^/.
Other Africa
Total Africa
Other countries:
Australia
All other
Total other countries
Total foreign countries....
international and reRiunal:
International
European regional
Latin American regional....
Asian regional
African regional
Middle Eastern regional....
Total International
and regional
Grand total
Country
81
September 1982
.CAPITAL MOVEMENTS,
Total Liabilities by Type and Country, as
-
Table CM-I-4.
of July
1982
31,
Preliminary
CPoeltlon tn mllltons of dollars)
Liabilities payable In dollars
Total liabilities
To foreign official
Institutions and
unaffiliated foreign banks
Payable
Totals
Payable
In
In
foreign
curren-
Total
dollars
les
Bank
own Uablllties
_1^/
Demand
Time
Europe:
Total Europe
Canada
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
British Uest Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
501
516
3,119
46
2,957
46
27
26
456
450
173
162
8,677
45
5,796
8,618
5,760
2,762
1,339
5,803
2,906
1,355
40
375
146
1,153
1,644
23,865
1,364
44,934
144
16
26
164
125
286
249
20
7
233
44,103
831
41
27
31
23
401
2,977
2,730
3,516
573
1,957
379
92
3,668
3,476
1,635
336
2,284
1,127
1.003
529
100
84
477
127
5
250
15
46
2,026
874
267
1.169
245
165
647
98
696
11,167
1.770
2,112
39.517
1.436
2,095
39.240
90
2,037
38,594
1,018
1,639
21,439
1,516
1,649
1,051
1
646
297
15
191
615
1.526
2,703
7
7
6
528
522
606
139
5
9,008
3,475
4,650
641
919
255
12
139
9,649
3,598
4,877
932
282
608
9,397
282
607
9,127
8,935
2.639
2.633
2,559
287
48
214
581
105.223
103.386
1,837
262
2,372
261
2,371
2
4,848
4,734
114
555
722
486
551
722
20,085
1,938
227
389
329
664
4,131
44
450
14.786
Total Asia
476
19,833
1,934
225
389
329
660
4,126
253
5
232
1,070
4,211
192
308
424
8.613
1,386
223
200
195
613
1,384
35
309
117
51
12
20
1,486
1,155
29,188
98
302
3
12.375
20.B56
15
23,860
38,099
4,626
410
43
4,809
560
466
22
471
60
1,531
118
263
2,027
45
710
238
14,365
14
237
138
270
386
135
124
226
27
26
193
181
93
1,340
12
31
301
14
30
337
43
270
4,107
2,224
19.042
67
155
13
25
16
140
228
1,436
109
1,989
1.737
3.840
3.445
1,301
204
269
654
523
359
414
212
106
15
53
409
11,220
547
157
20
82
94
762
1,104
407
310
293
10,426
438
6.922
78
247
145
64
132
149
642
201
164
2,186
67
,702
329
189
134
47
23
195
2,742
17
180
119
53
99
2,725
10
1,045
24
3.927
1,419
24,797
27.053
2,637
22.847
5.959
13,280
3,836
255
4,091
4,085
285,115
280,475
3,064
45
606
355
3,064
45
606
355
2,
274
11
145
51
239
:
3,831
254
:
H
1.
4.082
4.062
289,197
284,557
096
455
581
670
1.016
17
25
79
99
20
59
22
30
142
2.686
17
16
2
3/6.693
2.687
4
268
510
47
6.500
51
16
Total Africa
755
495
1.029
1,590
169
403
359
123
52
340
25
1.372
194
415
425
,966
,691
743
430
40
210
57
191
37
76
157
1
170
430
40
210
75
1,004
1,048
262
32,221
9,324
439
384
*
2
309
1
4,211
280
5,422
51.850
2
60
106
44
52
339
25
1,590
Grand total
100
109
450
14,746
52.290
11
*
115
83
481
65
46
:
Total foreign countries
International and regional
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total International
and regional
34
44
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
Other countries
Australia
All other
Total other countries
3
85
1.627
Asia:
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
23
6.486
1,315
1,830
21,693
1,525
2,699
9,936
3,646
5,090
942
779
936
4,655
140
59
852
37
11.766
527
613
139
514
929
426
7
27
37,299
121
16
113
243
133
115
36
8
964
546
105
1.077
16.591
23
*
27
107.300
613
16
261
3,418
109.057
1.831
161
698
85
69
320
5,624
17
Shortterm U.S. Other
Treasury llabllobllgaItlea
tlons
2^/
(10)
37
67
320
5,624
277
Time
23
126
1.070
560
7,041
1,363
39,861
40
317
3,217
146
Deposits
Demand
19
351
365
1,133
1,637
23,632
1,364
Liabilities to
all other foreigners
Itles
(9)
(8)
153
303
197
31
39
22,272
Total Latin America and
Caribbean
715
5,200
45
45
5,624
506
97
507
97
304
2,242
43
2^/
(7)
(6)
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
Shortterm U.S.
Treasury
obllgatlons
Deposits
Custody
llabllItles
Liabilities to
bank 5
own
foreign
Other
llabll- offices
76
36
191
72
10
45
790
2.848
538
28
470
253
52
185
Memorandum
Negotiable
CD's held
for all
foreigners
Treasury Bulletin
82
.CAPITAL MOVEMENTS,
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Total Claims by Type
(Posit: Ion at
end of period in milltons oF dollars)
Sept.
Type of claim
Total claims
Payable in dollars
Banks' own claims on foreigners
Foreign public borrowers
Unaffiliated foreign banks
Deposits
Other
Own foreign offices
All other foreigners
203,860
215,542
198,695
172,587
20,840
210,904
179,837
21,122
8,2 54
65,084
36,495
7,263
39,203
74,920
37,329
26,106
883
15,574
9,648
31,067
850
19,461
10,756
5,168
4,206
962
4,638
4,194
41,9U
Claims of banks' domestic customers
Deposits
Negotiable and readily transferable instruments
Collections and other
Payable In foreign currencies
Banks* own claims on foreigners
Claims of banks' doraest Ic customers
Memoranda:
Claims reported by IBF's 2^/
Payable In dollars
Payable in foreign currencies
Customer liability on acceptances
Claims with remaining maturity of 1 year or less
On foreign public borrowers
On all other unaffiliated foreigners
Claims with remaining maturity of more than
year
On foreign public borrowers
On all other unaffiliated foreigners
444
22,714
10,688
72,618
1
10,152
14,047
10
83
September 1982
CAPITAL MOVEMENTS.
Table CM-II-2.
-
Total Claims
(PoBlCton at end of period
Calendar yeai
by
Country
nitons of dollars)
Treasury Bulletin
84
rCAPITAL MOVEMENTS.
Table CM-II-3. - Total Claims on Foreigners by Type and Country
Reported by Banks in the U.S. as of June 30, 1982, Preliminary
(Position at end of period In millions of dollars)
September 1982
85
CAPITAL MOVEMENTS
Section
III
-
Supplementary Liabilities and Claims Data Reported by Banks
Table CM-III-1.
-
in
the United States
Dollar Claims on Nonbank Foreigners
(Position at end of period In millions of dollars)
Dollar claims of U.S. offices
End of calendar
year or month
Total dollar
claims on nonbank foreigners
U.S. -based
banks
(1)
(2)
U.S. agencies &
branches of for-
eign banks
(3)
U
Dollar claims of
U.S. -based banks'
major foreign
branches _2/
C4)
1978
1979
1980
1981
102,883
116,809
136,912
rl65,727
20,399
23,824
28,751
r41,52l
13,080
21,651
28,653
38,777
69,404
71,334
79,508
r85,429
1981-June
July
Aug
Sept
Oct
Nov
Dec
1982-Jan
Feb
Mar
Apr
May p
June p
146,395
147,396
rl50,314
rl52.100
rl53,773
rl57,888
rl65,727
rl64,590
rl67,B14
rl69,956
170,652
175,478
178,464
32,980
32,136
r32,200
r31,938
r31,535
r32,593
r41,521
r43,487
r45,395
47,219
48,772
50,940
52,073
28,974
29,851
31,056
31,598
31,451
33,115
38,777
39,554
39,837
40,937
41,915
44,310
46,560
84,441
85,409
87,058
88,564
90,787
92,180
r85,429
81,549
82,582
rSl.SOO
79,965
80,228
79,831
U
2/
Beginning December 1981, includes International Banking Facilities (IBF's)
established by foreign-based banks.
Federal Reserve Board data.
p
r
Preliminary.
Revised.
Treasury Bulletin
g^
.CAPITAL MOVEMENTS,
IV - Liabilities to, and Claims on, Foreigners Reported by
Nonbanking Business Enterprises in the United States
Table CM-IV-1. - Total Liabilities and Claims by Type
Section
(Position at end of ppriod in millions oF Hollars)
Calendar year
Sept.
Type of liability or claim
Total liabilities
Payable In dollars
Financial
Commercial
Trade payables
Advance receipts and other
Payable foreign currencies
Financial
Commercial:
Trade payables
Advance receipts and other
Total claims
Payable In dollars
Financial:
Deposits
Other
Commercial:
Trade receivables
Advance payments and other
Payable in foreign currencies
Financial:
Deposits
Other
Commercial:
Trade receivables
Advance payments and other
1A,952
11,523
17,385
21,990
21,931
21,^04
22.948
21,604
20,720
September 1982
87
.CAPITAL
Table CM-IV-2.
-
MOVEMENTS
Total
I.iabilitiee
by Country
tPosltlon at end of period In allllons of
JolLarsl
Calendar year
Euri
urope
:
Austria
Belgium-Luxembourg..
Bulgaria
Czechoslovakia
Denmark..,.
Finland.......
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norvay
Poland
Portugal
Romania
Spain
Sweden
Switzerland
50
61
l^2l^
390
46
640
*
i
37
39
9
7
34
27
649
494
909
23
882
1
1,042
1
1
201
355
637
5
409
900
29
454
889
439
959
55
52
45
214
118
1,139
976
467
471
809
98S
38
32
9
1
402
963
73
6
3
9
3
17
37
23
52
250
179
846
25
33
50
251
50
203
107
1,027
6
5
.433
6
5,403
4,130
162
95
1,106
22
4,528
12
23
40
170
137
550
226
101
480
56
7
5
3^3
3,540
"ill
33
26
57
138
23
,981
13
747
8,359
51
189
121
701
5
107
25
7ig
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile....
Colombia...
Cuba
Ecuador
Guatemala
Jamaica.
,
Mexico
Netherlands Antilles
Panama......................
Per"
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
37
4
159
99
499
Canada
1,020
45
7
35
->2
Total Europe.........
8
.138
329
1,056
24
>
12
1,326
36
475
United Kingdom
U.S.S.R
Yugoslavia
Other Europe..
33
1,210
2
664
38
lurliey
29
925
1,909
51
4
1,828
:
Total Latin America and
Caribbean
Total Asia
Africa :
Egypt
Ghana.........
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries 3/..
Other Africa
135
503
102
82
444
114
81
221
151
11
535
23
123
973
76
135
1,487
30
39
40
*
154
1,218
122
143
1,276
1,474
1,568
115
1,022
114
82
1,374
49
44
35
33
104
123
69
.281
74
1.118
110
1.043
40
*
27
9
22
19
20
3
4
424
139
274
42
36
15
400
518
195
285
17
164
50
45
207
381
51
53
17
17
15
325
379
85
173
31
49
17
373
21
30
23
6
417
214
452
352
260
395
269
66
32
44
25
382
244
199
62
28
26
9
291
73
1
Asia :
China:
Mainland
T«I"an
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon.....
Malaysia
Pakistan
Philippines.
Singapore
Syria
Thailand
Oil-exporting countries^/..
Other Asia
Total Africa
Other countries
Australia
All other
125
454
93
747
3,514
47
151
70
67
73
154
65
26
78
95
1,158
1,165
27
42
204
104
60
193
119
1,309
98
26
17
21
2S6
280
119
255
93
32
78
27
191
235
99
29
314
22
216
185
24
221
267
126
43
291
117
139
1.576
133
1,617
131
.,445
1,471
1,767
25
189
129
35
252
136
1,374
227
199
195
181
3
166
3
2
4
14
5
5
101
26
142
229
3
37
29
61
86
4
50
29
60
53
41
166
138
155
13
19
99
19
100
223
220
3
184
18
67
52
2
1
3
56
73
18
15
1,045
46
928
31
1,524
43
37
1,006
91
101
867
100
912
352
956
114
3. 616
2
3,975
40
33
10
4
6
58
17
3
166
45
88
33
117
86
313
60
17
139
5
15
384
518
89
H
117
38
216
99
142
155
327
12,682
17,302
21.065
311
53
856
102
3,664
30
192
3
3
34
27
187
190
711
'
:
I31
Total other countries
Total foreign countries
International and regional
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
223
95
202
53
:
Total International
and regional
*
125
125
Grand total
12,807
14,952
1/ Data in two columns shown for this date differ because of changes
20,720
m
reporting coverage. Figures in the first column are
comparable in
coverage to those shown for the preceding date;
figures In the second
column are comparable to those shown for the
following date.
(See
Movements section for explanation of
Jfii5ilg'}S''fe5S?fiS|
P"''"'
_2/ Includes Bahrain, Iran, Iraq, Kuwait. Oman, Qatar. Saudi Arabia, and
the United Arab Emirates (Truclal States).
Includes Algeria, Gabon, Libya, and Nigeria.
* Less than 5500,000.
p Preliminary,
n.a. Hot available.
V
88
Treasury Bulletin
CAPITAL MOVEMENTS,
Table
CM-IV-3.
-
Total
Liabilities
by Type
and Country as of
March
31.
1982,
Preliminary
(Position In millions of dollars)
Financial liabilities
Total
liabilities
Comnierclal
liabilities
Payable
in dollars
Payable
In foreign
currencies
Europe:
Austria
Belgluni-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Deniocratlc Republic,
Germany.
Greece.
Hungary
32
50
,
5
,
,
,
,
Italy
*
1,326
690
8
A
976
32
1
402
963
87
Nether lan<l5
Norvay
Poland
Port uga 1
Romania.
Spa in
,
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
,
,
503
332
3
3
*
*
39
730
37
677
17
17
2
2
42
51
162
95
1.106
22
12
8
150
707
502
*
3,110
40
16
Total Europe
Canada
69
1,118
32
,095
77
6
6
110
1,043
40
27
.016
1,016
,
16
16
17
3
3
67
197
57
9
66
197
52
9
1
1
8
97
,
Total Latin America and
Caribbean
Asia:
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore.
Syria
Thailand
Other Asia
25
189
129
35
252
136
1,374
227
67
1
8
293
4
1S5
,
Total Asia
Africa:
Egypt
Ghana.
116
16
Liberia
Morocco
South ACrica
Zaire
Other Africa
27
187
,
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
27
6
24
*
17
244
199
32
1,050
6
41
Gua t ema la
Jamaica
Mexico
Netherlands Antilles
Panama.
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
364
232
69
51
4,528
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Brazil
Brlstlsh West Indies
Chile
Colombia
Cuba
Ecuador
171
45
,
,
131
n.a.
n.a.
594
September 1982
89
.CAPITAL MOVEMENTS
Table CM-IV-4.
-
Total
Claims by Country
(Position at end of period In millions of
dollars)
Calendar year
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
:
"ly
37
201
235
3
7
7
7
53
35
75
49
904
767
12
.....".;;
Netherlands
Norway
Poland
Portugal
Romania
Spain
475
293
^g
\\
1,466
9
9
6
500
370
735
719
369
90
74
97
29
96
25
j(^
jgQ
169
3q^
S^e'^en
398
175
297
39
gag
3
Total Europe
424
218
411
87
75
6,012
150
5,897
63
96
60
114
25
s^qss
Canada .
093
5
Latin America and Caribbean
Argentina
Bahamas.
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
5,845
11
35
68
115
1,161
103
1.115
14
711
900
798
127
82
101
13
17
9
7
702
407
87
911
23
124
27
24
85
799
376
150
46
65
445
197
570
116
6,046
43
60
353
278
590
59
360
123
31
5,019
38
69
47
34
421
279
489
41
',681
49
661
103
4
855
353
335
306
149
49
72
15
245
171
392
36
137
52
69
21
462
230
501
39
.459
4.581
100
75
38
11.911
10.169
7,668
7,030
7.583
5,813
223
3,913
698
3,512
122
156
188
3,524
305
466
2,773
8,912
:
]^Qg
2
.'".*.'
"
i
696
208
775
125
'l9t,
.p
.
_^
Q
;;;
7q
4^
gg
648
42
207
76
"="1"
Netherlands Antilles
Panama
"eru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
1,316
7
76
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
2
II
997
125
22
432
191
346
36
5
39
79
909
103
351
30
261
277
3
8
882
103
85
245
410
27
114
3,111
295
779
1,300
197
123
9
71
183
2,786
227
808
2,027
191
172
10
83
57
289
3,469
243
957
2,765
145
139
10
106
67
112
1,309
499
75
27
y
7
443
448
70
594
121
609
119
43
22
547
278
3,974
183
822
3,424
133
156
844
3,431
139
142
216
3,271
256
792
3.208
232
150
12
11
11
11
116
64
92
1,232
104
648
124
48
4
115
62
95
1,283
128
123
113
57
57
92
50
87
1,319
108
304
112
1,041
107
300
104
45
21
19
564
252
3,358
224
111
494
130
40
93
1,254
123
336
117
40
241
95
120
39
18
22
IS
3^5
Total Latin America and
Caribbean
.,
242
-j
10,263
Asia
China;
Mainland
:
23
290
Taiwan
Hong Kong
India
Indonesia
m
03
201
'="1
•'"P*"
Korea
Lebanon
Malaysia
Pakistan
Philippines
Si ngapore
Syria
Thailand
Oil-exporting countries^/
Other Asia
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries
Other Africa
1
,
307
305
3^2
22
35
3g
216
^2
.'.".".'."."
3g
36
731
42
ggg
40
£
^05
V
1,376
320
24
50
29
207
67
10
35
781
56
62
274
177
132
352
324
1,223
342
18
47
152
117
89
34
181
245
189
79
409
324
1,317
314
30
45
162
142
352
334
1,485
304
26
46
28
163
87
63
220
178
90
390
340
1,213
311
35
155
25
136
113
22
241
182
78
457
61
241
223
.425
352
1,607
301
20
278
29
123
16
133
153
9
944
209
143
9
9
79
50
793
42
935
59
46
4,384
35
g
I
265
183
38
286
344
=
(12
5
3
130
144
16
109
132
139
32
181
21
16
146
iqg
146
159
182
232
179
153
63
192
75
260
66
1
105
26
13
142
17
184
15
170
280
14
242
189
176
332
175
15
15
12
195
318
198
371
185
232
323
137
325
78
279
83
34.241
35,629
29.925
35,737
30,059
^22
^^^^^^^-^
:
34^
55
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
y
7
693
3
Total Africa
Grand total
,311
404
20
35
36
241
88
-j
:
Other countries
Australia
All other
37
265
136
128
213
318
201
360
25 144
37,703
35,259
362
:
*
a
I5
1
1
14
15
16
1
^5
25 160
28,001
Data in two columns shown for this date differ
because of changes in
reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date;
figures in the second
column are comparable to those shown for Che
following date.
(See
Introductory text to Capital Movements section for
explanation of
changes In reporting.)
_2/
V
«
p
Includes Bahrain. Iran. Iraq, Kuwait, Oman. Qatar
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Less than $500,000.
Preliminary,
n.a.
Not available.
Saudi Arabia, and
Treasury Bulletin
90
.CAPITAL MOVEMENTS.
-
Table CM-IV-5.
of March 31, 1982
Total Claims by Type and Country aa
(Position In mllHons of dollars)
cial claims
Denominated in
foreign
currencies
Denominated
in dollars
Total
financial
claims
Totals
claims
Commercial
claims
C2)
EurO£eL
Austria
30
245
J^
^^'
BelgiuiD-Liixenibourg
2
11
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
^
35
44
^^
24
437
^^
°°
l-'^S
26
15
3
47
170
^^^
2
^35
^^^
24
76
59
79
59
^11
Poland
Portugal
Romania
y^-
15
237
109
354
36
1,057
99
67
32
7
62
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
^^
'*'=»^
^™
Total Europe
^?^^^
^'^
^^^
17
3,416
3,524
*
7
7
^
15
4,342
—
4,874
^-^^^
Canada
Latin America and Caribbean:
*'8e»tl„a
Bahamas
Bermuda
160
28
188
80
212
417
23
3,430
93
in^
^"^
'"
B"-ll
56
106
z,//J
Bricish West Indies
Chile
Colombia
"
'^''
35
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
'
^^
7
^^
°
71
42
16
759
281
281
'•»*;
10'
19
le
300
211
211
48
'«
P"u
44
14
**-•
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
394
'^
^^-^
130
^Q^
133
7,238
^Q'^^^-
Asia:
China:
22
^^
20^
'*^
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
13
^'
2
^^
l.«5
55
165
267
224
278
111
111
167
29
84
9
98
89
J
1
92
9
9
49
796
^^
^i5_
830
132
22
13
417
135
Total Africa
743
159
Other countries;
Australia
All other
279
135
13
7
142
3
9
12
282
125
343
362
Total other countries
2,086
29.925__
Total foreign countries
Less than $500,000.
1,158
**
Liberia
Morocco
South Africa
Zaire
Other Africa
•
186
57
52
163
29
Africa:
Egypt
Ghana
Grand total
208
130
60
1
^^3
Total Asia
International and regional:
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total international
and regional
24
444
100
4
305
227
90
49
32
'OJ
«o™ay
696
n.a.
120
I''
14
14
n.a.
•
"^*
Z_
*
^
30,059
12,264
September 1982
91
CAPITAL MOVEMENTS.
7
53
Treasury Bulletin
92
CAPITAL MOVEMENTS.
Table
CM-V-3.
Net Foreign Transactions
-
in
Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative Figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
1979
1980
1982
1981
1982
Feb.
Mar.
Apr.
May
June
p
through
July p
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hu nga ry
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
:
____
____i
*223
-_-_
*•**
____
__*_
-___
__
__
11
**
._
*_
_.
__
__
1
16
100
36
6
\h
6
40
17
466
-387
-251
175
171
57
-22
16
21
55
2,880
-12
3
19
2
5
-15
*
19
106
-9
-8
42
2,686
947
210
176
194
48
3
1
*
*
-2.897
1.146
*
*
418
34
71
93
2
-188
122
23
-1
345
37
_
-3
-369
2
17
_
133
-6
54
293
108
_
192
40
4
*
39
-13
.
_
_
-5
87
34
15
__i
*
2
13
15
24
10
_
*
-3
-95
*
*
*
*
-52
-383
8
48
7
-9
105
169
81
62
40
-35
132
*
-7
-24
947
-614
214
131
106
-300
64
-137
13
14
362
-312
1,003
_
,
*
-28
Total Europe
Canada
,
Latin America and Caribbean
Argent ina
Bahamas
Benmida
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
:
*
-1
-
r-2
rll
-9
27
*
4
*
rl3
*
*
*
*
*
*
20
*
3
-
**3
-2-1**
-•__
*
-
*
*
144
33
7
-
20
-10
-43
_
_
_
*
3
-
*
-
-
_
«
_
-26
20
24
2
1
12
1
7
-290
86
-9
-1
3
8
5
*
93
-4
8
1
-
-
1
*
7
-
-
5
*
*
-41
189
-6
-57
*
1
-1
•
_
_
*
.
*
7
J2
126
52
-28
-___
**__
___*
-__..
____
.,_**
--_*»**
532
-
Total Asia
-1,683
-
-262
112
*
-
*
*
20
209
-5
178
-3
167
15
104
-3
25
301
-230
-90
66
-65
2
11
42
-354
-124
-125
-7
-26
58
-1, 696
1,
509
_
26
_
-1
178
_
_
1
.
__
__
1-1
__
__
-
-
-
*
26
-
27
12
12
-21
181
*
10
178
*
-30
1
-
*
15
_
118
14
-35
-259
-60
-
19
*
U
-
1
2
9
2
-43
199
903
561
110
279
-128
30
*
*
7,672
11.156
-29
6.912
34
_
-
1,373
470
-29
906
•
13
-1
-
-
*6,307
12,559
8,518
1.610
1,221
1,219
-
_
_
-
Total Africa
6
-
*
•
-101
-1,014
-5
2^/.
15
2
258
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries J./..
Other Asia
:
-3
*
30
Ch ina
*
35
75
-150
-2-**
1
6-1
*17
--
__
__
--
•
-I
-
:
Africa
Egypt
Ghana.
Liberia
Morocco
South Africa
Zaire
011-exporClng countries
Other Africa
2
**__
-*1_
-^«*
-
84
Total Latin America and
Caribbean
Asia
-3
r*
1
*
10
1
*
*
-100
327
.
_
-
1
1
-1
-289
-227
-119
*
__
-_
_*
907
924
1.310
456
_
*
_
_
I
-
*
-
2
2
-
_
,
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
\J
:
--__
____
__
__
299
-840
1.089
-1,471
-111
36
-251
-456
300
-3
-1
-
-35
30
-5
99
-5
*
-
5
-20
51
-1
10
3
-
299
2,863
-
-
-
1
1,084
-1,377
4.898
15,007
10.466
-84
Includes Bahrain. Iran, Iraq, Kuwait, Oman. Qatar. Saudi Arabia, and
the United Arab Emirates (Truclal States).
_
_
-
-
-
U
16
-200
-457
308
2,313
1.994
1,474
1,019
362
-
-I
Ij
*
Includes Algeria. Gabon, Libya, and Nigeria,
Less than $500,000.
Preliminary.
p
September 1982
^^
CAPITAL MOVEMENTS.
Table CM-V-4.
-
Foreign Purchases and Sales of Long-Term Securities,
During July 1982 Preliminary
by Type and Country,
(In millions of dollara)
tiross purchases by
Total
purchases
O
Market^ble
Treasury
i Federal
Financing
Bank bonds
& notes
(^'
f
"omestic securities
Bonds
Corporate
of U.S.
other
Gov"
corp.
belgluni-Luxeaibourg
Bulgaria
Czechoslovakia
Denmark
Finland
France.
Cerman Democratic Kepublic*.
tienoany
Greece
Hungary
Italy.
26
127
32
6
Cross sales by foreigners
Foreign
securities
6
Total
sales
and
federally
sponsored
agencies
(3)
Bonds
(4)
Europe:
Austria
orelRners
11
-
4
26
-
•
H
-
-
25
-
-
*
*
Stocks
(5)
Bonds
(6)
Stocks
(7)
(8)
Marketable
Treasury
i Federal
Financing
Bank bonds
4 notes
(9)
82*
--___
---__
52-
Domestic sccuriCles
Bonds
Corporate &
of U.S.
other
Gov'
corp. and
federally
Bonds
Stocks
sponsored
agencies
(10)
(121
___
-*5
46
42
3
185
6
22
-
*
6
*
25
30
22
24
-
16
(in
*
7
7
39
I
1
Foreign
secutltle
Bonds
(^^^
Sf
Treasury Bulletin
94
CAPITAL MOVEMENTS.
Table CM-V-5. - Foreign Purchases and
bv Tvpp and Country. Daring
(In
Til
11 Ions of
Sales of Long-Term Securities,
Calendar Year 1981
dollars)
Gross purchases hy foreigners
bv foreigners
Dotnestlc securities
Country
Total
purchases
(2)
(1)
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Marketable
Treasury
& Federal
Financing
Bank bonds
i notes
Domestic
Foreign
securities
Bonds
of U.S.
Gov't
Corp. and
federal ly
sponsored
agencies
Corporate
other
&
Bonds
Bonds
Stocks
(3)
:
Italy
263
2,631
227
267
r5,i46
139
177
1,034
1
9.4 99
IbO
165
r3.087
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
102
501
5,7K
*
5
1,737
169
*
20
368
676
r9,674
•
260
514
674
1
*
r36.399
14,134
1
*
5(^13
253
Total Europe
Canada .
Latin America and Caribbean
Argentina
Bahamas
Be rmuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
Asia :
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
:
78
r559
r39
r3,672
rl,155
30
704
27
56
3
3
12
*
1
4
4
1
3
*
499
2,063
87
832
374
45
4
298
38
343
144
63
*
8,818
2,444
*
122
*
31
r2,483
1,141
7
7
1.169
rl3,490
697
5,718
14
46
60
*
4
3
28
*
rl,533
1,34 5
*
Total Asia
Africa :
Egypc
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries
Austral la
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
*
Less than 5500,000.
r
112
867
1,339
*
:
14,378
i:>,353
145
66
62
20
36
14,651
12,409
rl53,099
68,407
Revised.
9
Stocks
Total
sales
Marketable
Treasury
& Federal
Financing
Bank bonds
& notes
Foreign
securities
Bonds
of U.S.
Gov't
corp. and
federally
sponsored
agencies
Corporate
other
f.
September 1982
95
FOREIGN CURRENCY POSITIONS
Data
banks and
positions of
foreign
majority-owned
firms.
U.S.
since
197^
non banking firms
branches
foreign
of
those
collected
been
have
in
majority-owned
,
subsidiaries
of
on
foreign
the
currency
United States,
the
partnerships,
foreign
banks
U.S.
and on
and
Reports cover eight major foreign exchange market currencies and
Reporting has been required pursuant to title
dollars held abroad.
II of Public Law 93-110,
an amendment to the Par Value Modification Act
Treasury
implementing
involved.
original
the
of
maturity
of
instrument
the
"Spot" means due for receipt or delivery within
days from the date of the report.
business
2
"Short-term" means maturing in
1
year
or less from the date of the report.
nonbanking
and
regardless
report,
the
Background
"Majority-owned foreign partnerships" are those organized under the
laws
of
foreign country in which one or more nonbanking concerns or
a
nonprofit institutions in the United States, directly or indirectly, own
more
than
profit
percent
50
foreign
"Majority-owned
interest.
regulations.
subsidiaries" are foreign corporations in which one or more nonbanking
Statistics on the positions have been published monthly since March 1977
business concerns or nonprofit institutions located in the United States
beginning with data for December 1975.
directly or indirectly own stock with more than 50 percent of the total
of
September
21
forms
The report
and
1973,
,
and instructions used
in
collection of bank
the
data were revised effective with reports as of November 1, 1978, for the
weekly reports, and as of October 31,
month),
monthly
the
for
last
The
forms
most
revision
recent
below) became effective as
(see
September 1978.
business day of
of
the
of
the
Among the changes on the forms,
The monthly tables for all eight major foreign currencies have been
Bulletin,
beginning
publication
from
with
1982
May
the
Reporting Threshold
The exemption level applicable to banks and banking institutions is
The exemption level applicable to nonbanking
$10 million equivalent.
institutions was $1 million equivalent
business concerns and nonprofit
the Belgian franc was deleted as a reporting currency.
deleted
than 50 percent of the total value of all classes of stock.
1978 (the last business day of the
reports.
nonbank foreign currency
combined voting power of all classes of stock entitled to vote, or more
Treasury
All tables for the Italian lira and French franc were also deleted.
on all
nonbank forms
from March
through November 1976.
1975
was
It
raised to $2 million equivalent on the 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
June
on
Common Definitions and Concepts
and
1977,
31,
for
positions
held
entire
foreign
the
in
United
on
States
September 30. 1978.
The term "United States" means the States of the United States, the
District
Columbia,
of
the Commonwealth of
the Virgin Islands, and Wake Island.
the Canal Zone, Midway Island,
Firms
Puerto Rico, American Samoa
term "foreign" means locations other than the "United States."
The
The term
"worldwide" is used to describe the sum of "United States" and "foreign"
must
report
their
currency
position
in
a
specified foreign currency if a specified U.S. dollar equivalent value
is
reached
bought
and
liabilities,
any category of assets,
in
or
sold,
the
net
position
the
in
exchange contracts
currency.
In
general,
exemption levels are applied to the entire firm in the United States and
data.
In reports on their
separately to each foreign branch or subsidiary.
Data
for
the
proprietorships,
United
States
partnerships,
including
the
concerns,
in
agencies,
branches,
U.S.
the
branches
case
and
of
and
and
include
corporations
subsidiaries
"nonbanking
subsidiaries
foreign banks and banking
amounts
institutions,
the
in
in
States
nonbanking
positions,"
the
sole
by
United
foreign
of
firms"
located
reported
and
the
United States
of
in the case of the weekly and
foreign branches, majority-owned foreign partnerships and majority-owned
foreign subsidiaries, U.S. banks and nonbanks are required to report the
U.S.
and
dollar-denominated assets,
sold,
and
subsidiaries
net
positions
reportable
with
exchange contracts bought
liabilities,
of
branches,
those
positions
in
the
partnerships,
specified
and
foreign
currencies.
monthly "bank positions."
Data for
by
the
"foreign branches" and "abroad" include amounts reported
branches,
majority-owned
partnerships
and
subsidiaries of U.S. banking and nonbanking concerns.
In general,
these
data do not reflect the positions of foreign parents or foreign parents*
subsidiaries located abroad except
through intercompany accounts.
The
data include the foreign subsidiaries of a few foreign-owned U.S. -based
corporations.
Assets,
Description of Statistics
majority-owned
Data collected on the Treasury foreign currency forms are published
a
summary
reported.
reported on the
and
foreign
exchange
contract
basis of time remaining to maturity as of
data
are
the date of
of
worldwide
Sections
foreign currency.
foreign
liabilities,
The first section presents
in the Treasury Bulletin in seven sections.
II
net
through
positions
VI
each
in
all
present
of
the
data
on
currencies
a
specified
Section VII presents the U.S. dollar positions of the
branches and subsidiaries of
U.S.
firms which are required to
report in one or more of the specified foreign currencies.
96
Treasury Bulletin
FOREIGN CURRENCY POSITIONS,
Section
Table FCP-I-1.
I
-
Summary
Positions
Nonbanking Firms
Positions
1/
(In millions of foreign currency units)
Canadian
dollars
Report
date
German
marks
(1)
14,147
r7,345
1981-Dec.
Mar.
(2)
7,268
r-733
Japanese
yen
(3)
British
pounds
Swiss
francs
w
(5)
r353,973
r-38,116
dollars
2/
(6)
244
r709
Table FCP-I-2. - Weekly Bank Positions
U.S.
-6,359
-5,641
1/
(In iDJlllons of foreign currency units)
Report
date
11/04/81
Canadian
dollars
German
marks
(1)
(2)
Japanese
yen
(3)
Swiss
francs
(4)
British
pounds
(5)
U.S.
dollars 4/
(6)
September 1982
97
.FOREIGN CURRENCY POSITIONS
Section
II - Canadian Dollar Positions
FCP-II-1.
- Nonbanking Firms' Positions
Table
(In millions of Canadian dollars)
i^
Treasury Bulletin
98
FOREIGN CURRENCY POSITIONS
Section
Table
III
FCP-III-1.
German Mark Positions
Nonbanking Firms' Positions
1/
(In millions of marks)
Position
at end
of month
Liquid
assets 2/
Shortterm
debt 3/
(1)
(2)
11,490
728
Nov.
1981.
Dec.
Dec.
1981*.,
1981*.
5,797
655
Dec.
1981*..
6,452
Dec.
Dec.
1981***
1981***
Jan.
1982*.
727
1,060
Feb.
1982**
n.a.
n.a.
Mar.
Mar.
1982.
1982.
Mar.
1982.
Apr.
1982.
Short-term trade
Receivables 4/
C3)
Other
assets 6/
Pay
ables 5/
(4)
C5)
Forward exchange 8/
liabilities 7/
(6)
Bought
Net
position
Sold
(7)
(8)
(9)
1,205
1,026
1,816
9,492
5,987
20,041
838
13,574
504
26,209
1,545
20,930
2,568
5,171
7,446
6,229
4,411
4,995
2,273
796
768
1,600
2,618
8,980
17,569
-9,912
n.a.
n.a.
573
n.a.
7,433
3,956
2,063
2,485
_9/
Exchange
rate 10/
(10)
2.2365
2.2365
Position
held by
offices in:
September 1982
99
FOREIGN CURRENCY POSITIONS,
Section IV - Japanese Yen Positions
Table FCP-IV-1. - Nonbanking Firms' Positions
(In millions of yen)
Position
1/
Treasury Bulletin
100
FOREIGN CURRENCY POSITIONS
Section V - Swiss Franc Positions
Table FCP-V-1. - Nonbanking Firms' Positions y
(In millions of Swiss francs)
Position
at end
of month
ShortLiquid
assets 2/
(1)
September 1982
101
_
FOREIGN CURRENCY POSITIONS
Section VI -
Sterling
.
Positions
Table FCP-VI-1. - Nonbanking Firms' Positions
i'
(In millions of Sterling pounds)
Short-term trade
Short-
Position
at end
of month
Liquid
assets 2/
terra
debt 3/
Recelvables 4/
Payables 5/
Forward exchange 8/
Other
assets 6/
(5)
Dec.
Dec.
1981
r265
823
227
1981
1981
3,566
220
5,171
838
8,345
228
5,925
202
11,231
865
Other
liabllitles 7/
Bought
Sold
(6)
(7)
(8)
Net
position^/
3,373
621
1,139
2,377
1,549
2,854
1,069
-825
1.9616
682
1,358
rl77
1981
Dec.
Dec.
Jan.
Jan.
Mar.
Mar.
1982
n.a.
723
n.a.
n.a.
n.a.
102
1,710
1982
1982
n.a.
n.a.
n.a.
n.a.
4,868
3,810
r59
r30
6,362
242
7,113
r68
510
1,415
1982
r2,520
r2,206
r4,927
r3,840
6,604
r7,181
1982
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Positions
held by
offices In:
(10)
3,127
10,567
Exchange
rate 10/
532
1.9161
1.9161
United States
Treasury Bulletin
102
FOREIGN CURRENCY POSITIONS
Section VII - United States Dollar Positions Abroad
Table FCP-VII-1.
-
Nonbanking Firms' Foreign Subsidiaries' Positions
(In millions of United States dollars)
Short-term trade
Position
CD
i/
September 1982
103
FOREIGN CURRENCY POSITIONS
Footnotes to Tables FCP-I through FCP-VII
SECTION
IJ
I
_5/
Worldwide net positions on the last business day of the calendar
6/
quarter of nonbanking business concerns in the United States and
branches
foreign
their
Excludes
subsidiaries.
have
been
sold
or
maturity,
and
or less;
foreign
the
financial assets maturing in more than one year
report
Includes
date.
intracompany
accounts,
inventories,
prepayments,
long-term trade
receivables,
intracompany
claims,
stocks,
and
Fixed
(plant and equipment), and capitalized
Includes intracompany trade payables.
current assets other than liquid assets and short-term trade
from
parent
U.S.
All
year
1
receivables, and
paper which
majority-owned
their
in
fixed assets
subsidiaries,
before
discounted
partnerships
Installment
receivables and
investment
companies'
majority-owned
and
Due in
assets
(plant
and
bonds,
equipment)
and
and
other
parents'
long-terra
securities.
investment
in
majority-owned foreign subsidiaries are excluded.
leases for plant and equipment.
7_/
2/
Foreign branches and majority-owned partnerships and subsidiaries
trade
intracompany
Weekly worldwide net positions of banks and banking institutions
in
financial
term
only.
3/
All
States,
United
the
their
and
subsidiaries.
foreign
owned
other
liabilities
than
Includes
payables;
liabilities,
accrued
short- terra debt and short-
long-term
trade
payables,
and
liabilities
maturing in more than one year from the report date.
Capitalized
expenses,
plant and equipment leases are excluded,
foreign branches and majority-
Excludes
capital
assets
and
8/
liabilities.
Outstanding amounts of foreign exchange which have been contracted
to
received
be
delivered
or
in
the
future.
Excludes
spot
exchange.
4/
Foreign branches and majority-owned subsidiaries only.
_9/
Columns (1),(3),(5), and (7) less columns (2), (4), (6), and (8).
SECTIONS II THROUGH VII
10/
1/
Positions of nonbanking business concerns in the United States and
branches
foreign
their
subsidiaries.
majority-owned
and
section VII positions of
In
partnerships
Representative
rates
on
the
report
date.
Canadian dollar and
United Kingdom pound rates are expressed in U.S. dollars per unit
and
of foreign currency, all others in foreign units per U.S. dollar.
foreign branches and
majority-owned partnerships and subsidiaries only.
1
1/
Banks
and
banking
institutions
in
the
United
States
foreign branches and majority-owned subsidiaries.
2/
unsettled
Includes
spot
foreign
purchase contracts,
exchange
as
foreign branches and majority-owned subsidiaries only.
well as currency, demand, and time deposits, negotiable and other
transferable financial instruments maturing in
readily
other
parties
repayable
Other
demand.
on
year or
1
and intracompany claims and
report date,
from the
less
loans
accounts
loans,
12/
Excludes capital assets.
13 /
Excludes capital liabilities.
14/
Includes both spot and forward exchange contracts.
15/
Columns (3) and (9) less columns (6) and (12).
16/
See footnote 10.
to
receivable, and unaccepted trade drafts are excluded.
3/
unsettled
Includes
intracompany
foreign
spot
liabilities,
other
short-term borrowings due in
1
exchange
sales
than short-terra
trade
contracts,
payables,
year or less from the report date,
and the current portion of long-term debt.
Other loans, accrued
expenses, and accounts payable are excluded.
r
U/
Due
in
1
year or
Receivables
and
less;
includes
installment
maturity are excluded*
intracompany trade receivables.
paper
sold
or
discounted
before
Revised.
n.a.
Not available.
and
their
In section VII,
104
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-II-1.
-
II
-
Federal Credit Programs
Direct Sales and Repurchases of Loans
CIn millions of dollars)
:
:
September 1982
105
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section
Table GA-II-r2.
-
Direct
II - Federal Credit Programs
and Guaranteed Loans Outstanding, June 30, 1982
(In chousands oF dollars)
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority
Guarantees and Insurance
\_/
Amount
outstanding
Maximum
Government
authority 2/ fee or premium
(percent)
10,951,209
10,951,209
I-Wholly owned Government enterprises
United States dollar loans
Funds appropriated to the President:
Appalachian regional development programs
Appalachian housing program
Foreign assistance:
International security assistance:
Emergency security assistance for Israel
Foreign military credit sales
Liquidation of foreign military sales fund:
Long-term credits
Military credit sales to Israel
Guaranty reserve fund 4^/
International development assistance:
Bi lateral assistance:
Agency for International Development
Alliance for Progress, development loans
Common defense, economic, and triangular
trade loans
Development loan fund liquidation account
Development loans
Housing guaranty fund
Grants and other programs
Overseas Private Investment Corporation
477.865
334,704
477.865
334,704
2.787
236,250
332,798
2.787
236,250
332,798
3,023,793
V
14,734
68,381
14.734
68,381
8,336.839
9,903,386
5,511,685
6.365,047
31,562
50,000
Agriculture Department;
Commodity Credit Corporation;
Commodity loans
Long-term dollar credit sales
Short-term export sales credits
Storage facility and equipment loans
Rescheduled claims of guarantee program
Guaranteed foreign loans
9,676,198
8,010,643
742,636
1.277.611
142,925
559,788
12.192,232
18,371,401
Total funds appropriated to the Pre si dent
^/9, 676, 198
8,010,643
742,636
1,277,611
142,925
2,768,913
Agricultural Marketing Service:
Milk market orders assessment fund
Rural Klectrif Icatton Administration;
Rural communication development fund
Fanners Home Administration:
Agricultural credit insurance fund:
Farni ownership loans:
Farm enterprise
Nonfarm enterprise
Operating loans
Guaranteed operating loans
Recreation loans
Soil and water conservation loans
Erne rge ncy I oans
Guaranteed emergency loans
Guaranteed emergency livestock loans
Economic emergency loans
Guaranteed economic emergency loans
Emergency loans refinanced
Indian land acquisition loans
Grazing, recreation, irrigation, and forestry loans.
Watershed works of Improvement and flood
prevention loans
•
Resources conservation and development loans
Programs in liquidation
Rural development insurance fund:
Water and waste disposal loans to associations
Community facilities loans to associations
Business and industrial development loans.
Guaranteed business and industrial development loans..
.•
300
4,633
223.075
7_/
223,075
1,056
115,707
1,056
115,707
422
6,939
279,042
422
6,939
279,042
69,799
69,799
269
18.116
34,028
269
18,116
34,028
160
17,072
3,762
160
160,610
55,048
618
160,610
55,048
618
17,072
3,762
5
Interest
range
(percent)
V
Maturity
range
(years) 3/
Treasury Bulletin
AND
FUNDS
AGENCIES
FINANCIAL OPERATIONS OF GOVERNMENT
^i,.^^.^^.^^..
106
Table GA-II-2. - Direct and Guaranteed Loans Outstanding, June 30» 1982~Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans Continued
—
—
Agriculture Department Continued
Farmers Home Administration Continued
Rural housing insurance fund:
Rural housing loans
Rural housing loans to senior citizens
Rural rental and cooperative housing
Rural housing site loans
Labor housing loans
—
499,473
Self-help housing land development fund:
Self-help housing land development loans
Soil Conservation Service:
Water conservation and utilization projects...
Watershed and flood prevention operations
Total Agriculture Department
Commerce Department:
Economic Development Administration:
Revolving fund
Trade adjustment assistance
18 /
National Oceanic and Atmospheric Administration:
Federal ship financing fund
Coastal energy impact fund
Fisheries loan fund
Total Commerce Department
Defense Department:
Military defense production guarantees:
Air Force
Army
Navy
Civil:
Ryukyu Islands, construction of power systems.
Total Defense Department
Education Department:
College housing loans 18 /
Student loan Insurance fund 19/
Higher education facilities loans and insurance
fund
Elementary and secondary education 19/
Higher educational loans to institutions 19/.
Advances for reserve funds 19 /
Higher educational loans to students 19/
Loans to law enforcement students 18/
Total Education Department
Energy Department:
Direct loans
Guaranteed loans
Total Energy Department
. .
Maximum
authority
_1_/
Guarantees and Insurance
Amount
outstanding
Maximum
authority^/
Government
fee or premium
(percent)
Interest
range
(percent)
Maturity
range
_3/
(years) 3/
September 1982
107
^^m^m^m^^^^im^ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Table GA-II-2.
-
Direct and Guaranteed Loans
Outetanding, June 30, 1982-Gontinued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority
J_/
Guarantees and insurance
Amount
outstanding
Maximum
authority
2^/
Government
fee or premium
(percent)
Interest
Maturity
range
range
(percent) 3/ (years) 3/
I-Wholly owned Government enterprises
United States dollar loans Continued
—
Health and Human Services Department:
Public Health Service:
Health Maintenance Organization, loan
guarantee and loan fund
Medical facilities guarantee and loan fund
Health teaching facilities construction:
Guaranteed loans
Community facilities
Health professions student loan insurance fund...
Construction of hospitals and other
medical facilities
Health professions education fund
Nurse training fund
Other student loan program
Assistance to refugees in the U.S. 18/
Social Security Administration:
Subsistance, laundry, and health service
Total Health and Human Services Department
Housing and Urban Development Department:
Housing programs:
Federal Housing Administration:
Revolving fund:
Property improvement loans
Purchase money mortgage
Mortgage insurance loans
Housing for the elderly or handicapped
Low-rent public housing:
Loans to States, Territories, etc
Purchase money mortgages
Nonprofit sponsor assistance
Community disposal operations fund
Liquidation programs
Government National Mortgage Association:
Special assistance functions
Management and liquidation functions
Emergency mortgage purchase assistance
Guarantees of mortgage-backed
securities fund
Community planning and development:
Rehabilitation loan fund
Urban renewal programs
New communities guarantee fund
Total Housing and Urban Development Department..
Interior Department:
Bureau or Reclamation:
Irrigation distribution systems
Small reclamation projects
Drought emergency assistance
Geological Survey:
Surveys, investigations, and research
Bureau of Indian Affairs:
Revolving fund for loans
Loan guaranty and insurance fund
Liquidation of Hoonah housing project
28,185
22,188
28,185
20/ 30,000
Ill
251
302
302
46, 543
10,666
^,265
612,859
22,412
50,120
10,666
4,265
2A/ 612,859
22,412
355
355
747,886
166, 796
340,775
3,833,158
3,437,573
168,081
519
2,233
27 / 1,058
449, 941
28 / 3,614,245
28 /
110,388
899,366
5,969
5,969
755,426
2,569
735,131
2,569
-
13,788,097
83,430
240,188
22,385
123.343
327,659
41,449
771
771
83,221
83,221
100
100
1
144,562
,132,425
144.562
20''1.^70,000
70,286
74,955
7.25— 14.885
Treasury Bulletin
108
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
-
Table GA-II-2.
,,^^^.^^^_«
Direct and Guaranteed Loans Outstanding, June 30, 1982-Continued
(In thousands of dollars)
Guarantees and Insurance
Direct loans or credit
Amount
outstanding
Agency and program
1-Wholly owned Government enterprises
United states dollar loans Continued
—
—
Interior Department Continued
Territorial affairs:
Public works
Rehabilitation in Guam
Guam Power Authority
Virgin Islands - Construction
Total Interior Department
529
16,380
2.
^47,OOA
State Department:
Emergencies in the diplomatic and consular service...
Loans to the United Nations
2,912
20,236
23,
Total State Department
U8
Transportation Department:
Federal Aviation Administration:
Aircraft loans
Federal Highway Administration:
Right-of-way revolving fund
Safety construction fund
Maritime Administration:
Federal ship mortgage Insurance fund:
Direct loans
Guaranteed loans
Federal Railroad Administration:
Loans to railroads
Railroad loans acquired by default
Trustee certificates of railroads
Urban Mass Transportation Administration:
Urban mass transportation fund
Washington Metropolitan Area Transit
Authority bonds
Total Transportation Department
Treasury Department:
Chrysler Corp.
loan guarantee program
New York City loan guarantee program
Fishermen's protective fund
Miscellaneous loans and other assets:
Greece
Hungary
Turkey
Lend-lease and surplus property
United Kingdom
Total Treasury Department
Veterans Administration:
Direct loans to veterans and reserves
Education loans
Loan guaranty revolving:
Acquired mortgages
Guaranteed mortgages
National service life insurance fund
Service-disabled life insurance fund
U.S. Government life Insurance fund
Veterans insurance and indemnities
Veterans reopened insurance fund
Veterans special life insurance fund
Vocational rehabilitation revolving fund
Total Veterans Administration
Independent agencies:
Community Services Administration:
Loans to individuals
Loans to cooperative associations
192,830
29,884
1
59 ,697
41,638
34/95,343
41,301
^
360.693
7
12,105
294
126,522
1,234,360
2,171,659
3,544,947
371,959
62,281
1, 362,
716
-
1,204,563
34,073
39,671
1,150
45,077
81,142
392
3,203,026
1,649
4,837
Maximum
authority
1/
Amount
outstanding
Maximum
authority 2J
Government
fee or premium
(percent)
Interest
range
(percent)
Maturity
V
range
(years)
V
6
September 1982
109
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding, June 30, 1982-Continued
(
In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
Maximum
authority 1/
1-Wholly owned Government enterprises
United States dollar loans Continued
—
—
Independent agencies Continued
District of Colianbla:
Loans for capital outlay
W
Export-Import Bank of the United States:
Equipment and services loans.....
Commodity loans
Emergency loans
Discount loans.
Export-Import raedium-term guarantees
Certificates of loan participation
Insurance Issued through the Foreign Credit
Insurance Association:
Medium-term Insurance
Short-term Insurance
1.823,578
16,103,503
17,562
48 7, 067
-
Federal Home Loan Bank Board:
Revolving fund
Federal Savings and Loan Insurance Corporation:
Loans to Insured Institutions
Loans acquired from Insured Institutions
362,139
434,935
General Services Administration:
Liquidation of Virgin Islands Corporation
Surplus property credit sales
Federal building fund
505
43,110
Interstate Commerce Commission:
Railroad loans
24,068
National Consumer Cooperative Bank:
Cooperative loans IS/
58,985
National Credit Union Administration:
Share insurance fund
18,545
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
Disaster loan fund:
Financial assistance program:
Disaster loan
2, 162, 140
264,743
85,799
278, 26
12,032
31,000
242,900
6,154,076
Tennessee Valley Authority:
Loans to aid States and Territories
260,243
United States Railway Association:
Dl rec t I oans
Subtotal
915,050
102,777,7 37
Held by lending Institutions not guaranteed or
insured by the Federal Government
Total budget Federal agencies
2
102,777,737
Off-budget Federal agencies 48 /
Federal Financing Bank
120,241,260
Rural Electrification Administration:
Rural electrification and telephone re vol vlng
fund:
Electrical systems
Telephone systems
Rural Telephone Bank: 51 /
Telephone systems
United States Railway Association:
Direct loans
7
,662,232
2, 23 7, 67
1 , 1
51
,
1
1
28
127,733
Total off-budget Federal agencies
131,420,024
Total Part
234,197,761
I
Footnotes at end of section.
Indefinite
Guarantees and Insurance
Amount
outstanding
Maximum
authority
2_/
Government
fee or premium
(percent)
Interest
range
(percent) 3/
Maturity
range
(years) 3/
no
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Table GA-II-2.
-
Direct and
^^^^^^^^^^^
Guaranteed Loans Outstanding, June 30» 1982-Continued
(In thousands of dollars)
Direct loans or credit
Guarantees and Insurance
Agency and program
Amount
outstanding
Il-Wholly owned Government enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance:
Bilateral assistance:
Agency for International Development:
Development loan fund liquidation account....
Private enterprises 53 /
Common defense, and triangular trade loans...
Productive credit guaranty loans
All other loans
Total funds appropriated to the President....
Treasury Department:
Lend-lease and surplus property
International Communication Agency
Total Part II
169,932
Maximum
authority
_1_/
Amount
outstanding
Maximum
authority
_2/
Government
fee or premium
(percent)
Interest
range
(percent) 3/
Maturity
range
(years) 3/
Septetnber 1982
111
.FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS,
Footnotes to Table GA-II-2 -Continued
18/
T?/
"20/
21/
As of September 30, 1981, the latest available.
As of March 31, 1982, the latest available.
Maximum authorization for direct and guaranteed loans Is $1,500,000,000
(In thousands
of dollars)
which has been prorated between direct loans and guaranteed loans.
Represents premium on Insured loans; there is no premium on guaranteed
103,014
loans.
22/
23/
24/
25/
26/
27 /
28/
29/
30/
Advances shall be repaid within such period determined by the
Commissioner depending on the maturity and solvency of the reserve fund.
Not later than December 31, 1980, there shall be a capital distribution
of the student loan fund and not less than quarterly thereafter.
Loan allocations are made when needed as determined by surveys of
institutions.
Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning 9 months after student leaves school.
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 54 in part III of this
table).
Includes loans of $926,000 insured by the Federal Housing
Administration.
Includes loans Insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
Determined by the Federal Housing Administration and the Veterans
Administration.
Application fee, $10. Commitment fee, 0.5 percent of
Statutory:
principal up to $30 million and 0.1 percent over $30 million.
Annual
Guaranteed charge, 3 percent of principal amount guaranteed.
charge, 0.5 percent of outstanding amount guaranteed for first 7 years,
percent of outstanding amount guaranteed after first 7 years.
Loans may be paid off at any time by application of proceeds from
sales of land or capital grants or by refinancing.
As provided by an act approved August 6, 1956 (70 Stat. 1046), loan
allocations to irrigation land holdings not in excess of 160 acres
are interest free.
Allocation to nonirrigation uses and irrigation
land holdings in excess of 160 acres bear interest based on the average rate on certain outstanding U.S. marketable obligations.
Determined by Secretary of Transportation.
Default of guaranteed loans.
These figures are stated on an estimated basis.
Includes interagency holdings by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 54 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 be fixed by the Secretary of the
Treasury at the beginning of the 6-month period in which the loans
are made.
Represents balances from the Water, Highway, General, Sanitary
Sewage, and Metro Area Sanitary Sewage Works funds pursuant to
Public Law 94-333, dated June 30. 1976.
Guaranteed interest rate will be 1 percent above the Department of the
Treasury borrowing rate for comparable maturities.
Shipment coverage rates were $0.13 to $5.88 on each $100 of financed
portion (contract price minus cash payment) at time of authorization.
Includes guaranteed interest of $575,000,
Shipment coverage rates were SO. 53 to $6.62 on each $100 of financed
portion (contract price minus cash payment).
Shipment coverage rates were SO. 12 to $2.14 on each $100 of gross Invoice
value.
Statutory formulas set minimum rates based on yields of U.S.
Government obligations of comparable maturity. Accordingly, rates
charged may exceed minimum and may vary from month to month.
For June 30, 1982, the rate was 14.765 percent for Small Business
Investment Company debenture purchases.
This figure represents the amount of participation by private entities in partially guaranteed U.S. credit programs.
This private
participation in the guaranteed loan programs of the various agencies Is as follows:
1
31 /
32 /
33/
34/
35 /
36 /
37/
38 /
39 /
40/
41 /
42 /
43 /
44/
45 /
46 /
Treasury Bulletin
112
CUMULATIVE TABLE OF CONTENTS
October 1981 through September 1982
Issues and page numbers
-Ian.
Treasury financing operations.
Federal fiscal operations
Summary of fiscal operations
Budget receipts by source
Chart-Budget receipts by source
Budget outlays by agency
Undistributed offset ting receipts
Budget outlays by function
Investment t r.insact ions of Government accounts
in Federal securities (net)
Trust funds transactions
Detail of excise tax receipts
Summary of internal revenue collections by
States and other areas
:
Federal obligations
.
Account of the U .S Treasury
Status of the account of the U.S. Treasury
Elements of changes In Federal Reserve and tax
and lean note 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 aind computed interest
rate on interest-bearing public debt
I nte re St -bearing public delbt
Government account series.
Interest-bearing securltle Issued by
Government agencies
Participation certificates
Maturity distribution and average length of
marketable Interest-bear ing public debt
Debt subject to statutory limitation
Status and application of statutory limitation,
Treasury holdings of secur ities issued by
Government corporations and other agencies...
Description of securities of Government corporations and other busi ness-type activities
held by the Treasury
Public debt operat ions:
Maturity schedule of interest-bearing public
marketable securities other than regular
weekly and ')2-week Treasury bills outstanding.
Offerings of bills
New money financing through regular weekly
Treasury bills
Public offerings of marketable securities other
than regular weekly Treasury bills
Unmatured marketable securities Issued at a
premium or discount other than advance refunding operations
Allotments by Investor classes on subscription
for public marketable securities
Disposition of public marketable securities
other than regular weekly Treasury bills
Foreign series securities (nonmarketable)
issued to official institutions of foreign
countries
Foreign currency series securities issued to
residents of foreign countries
United States savings bonds
Sales and redemptions by series cumu at tve.
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods
series E
through K
Redemptions of matured and unmatured savings
bonds
Sales and redemptions by denominations, series
F.,
EE, H, and HH
Sales by States, series EE and HH combined
:
,
1
,
United States savings notes
Sales and redemptions by periods.
:
Ownership of Federal securities
Distribution by class of investors and type
of issues
Estimated ownership by private Investors....
:
Treasury survey of ownership
Treasury survey-commercl a 1 bank ownership .
. .
1
Feb.
Mar.
Apr.
May
luly
Sept.
September 1982
113
CUMULATIVE TABLE OF CONTENTS
October 1981 through September 1982-Continued
Issues and page numbers
1982
Feh.
Market guoCatloas on Treasury securtCtes
End-of-monch closing quoCattons
Chart -Yields of Treasury securities
Mar.
Apr,
May
July
:
6^
67
61
64
57
60
66
69
64
67
60
63
68
65
71
68
63
66
Average yields of long-term bonds
Average yields of long-term Treasury, corporate,
and municipal bonds
Chart-Average yields of long-term Treasury,
corporate, and municipal bonds
:
Exchange Stabilization Fund
Balance sheet and income and expense
:
National bank repo rts:
Operat ing income and expense, and dividends of
national banks, calendar year 1981
International financial statistics
U.S. reserve assets
Selected U.S. liabilities
to foreigners
U.S. liquid and other liabilities to official
institutions of foreign countries by area
Nonmarke table 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 change*; for
the dollar
:
Capital movements
Liabi lities to foreigners reported by banks in
the United States
Claims on foreigners reported by banks in the
United States
Supplementary liabilities and claims data reported by banks in the United States
Liabilities to, and claims on, foreigners
reported by nonbanking business
enterprises in the U.S
Claims on foreigners reported by nonbanking
business enterprises in the U.S
Transactions in long-terrn securities by foreigners reported by banks and brokers in the
United States
:
Foreign currency p ositions
Summa ry
Canadian dollar positions
French franc positions
Cerman mark positions
Italian lira posit ions
Japanese yen positions
Swiss franc positions
Sterling positions
United States dollar
posit Ions abroad
:
Foreign currencies acquired by the U.S Governmant without payment of dollars
Foreign currency transactions, summary and
country uses
Foreign currency transactions, U.S. uses and
trust funds
:
Financial operatio ns of Government agencies and fund s:
Government corporations and other business-type
activities:
Statements of financial condition....
Statements of income and retained earnings
Status of accounts receivable
Status of loans receivable
Status of other receivables
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil service retirement and disability fund...
Federal old-age and survivors Insurance trust
fund
Federal dlsabil ity Insurance trust fund
Federal hospital Insurance fund
Federal supplementary medical Insurance
trust fund
Railroad retirement accounts
Unemployment trust fund.
National service life insurance fund
Invistraents of sped f led trust accounts
118
119
201
205
209
101
102
121
i:a
I2fi
127
128
129
131
132
216
64
67
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