TREASURY CASH BALANCE AND NET MARKET BORROWING...Auction 3 Year^ 2 Auction 10 Year^ 3 A Auction 30 Year* 4 7 8 Partial Holiday 9 10 11 Holiday 14 15 16 Announce 2 Year 17 18 Announce

TREASURY CASH BALANCE AND NET MARKET BORROWING

1 II III1980

IV I II III1981

IV I

e estimate

II III1982

IV I II III1983

IVe

Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis October 25, 1983-20

TREASURY NET BORROWING FROM NONMARKETABLE ISSUES—i $Bil.$Bil

2.2

0

-2

j*5

J^-1.4-.9

-4

-6

-8II III IV1979

Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis

j [Savings Bonds

g^g State & Local Series

H| Foreign Nonmarketables

KKM

ZB

-1.4

-2.4-2.2

-1.9

-4.0

I II III IV I II III IV1980 1981

e estimate

5.9

12.5

2.8

nm

HI11-2.0• mA "1.0-2.5 "-4

I II III IV1982

I II III IVe1983

October 25, 1983-12

0

-2

-4

-6

-8

QUARTERLY CHANGES IN FOREIGN AND INTERNATIONALHOLDINGS OF PUBLIC DEBT SECURITIES

$Bil. $Bil.

Nonmarketabie

12 12Marketable

Add-ons-L/ 8.0 o g

Other Transactions **

5.4

8.8

SHORT TERM INTEREST RATESMonthly Averages

%

22

1979


Prime Rate

1980 1981 1982

ThroughOctober 21"

>CS«3^

1983

%

22

20

18

16

14

12

10

8

6

4

October 25, 1983-8

%

12

11

8

.....*•—••...,V

SHORT TERM INTEREST RATESWeekly Averages

SV

Prime Rate

'•••••••C':::^,#3MonthTreasury Bill

.»•••-

X "V

Throughweek endingOctober 19

. ™.M... _

12

11

10

8

Jan Feb Mar Apr May June

1983

Jul Aug Sep Oct


1979


LONG MARKET RATESMonthly Averages

1980 1981 1982 1983

October 25, 1983-5

%

14

13

8

INTERMEDIATE AND LONG MARKET RATESWeekly Averages

Treasury \20-Year

i I I lii I I I

New Aa

Corporates

I I l l ll i

Jan Feb Mar Apr

Municipal Bonds20-Year

May Jun

1983

Jul

Throughweek ending

October 21

Aug Sep Oct

%

14

13

12

11

10

8

7

Olfice of tiie Secretary of the TreasuryOffice of Government Finance & Market Analysis October 25, 1983-6

$Bil

70

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTSJuly - September 1983

Uses

Coupon Maturities^

Increase inCash Balance

Cash Deficit

71 y2Sources

[^Coupon Refunding

State and Local

2

Savings Bondsand Other

Net Market tBorrowing t


$Bil.

70

60

50

40

30

-20

10

•JO

October 25, 1983-17

$Bil.

90

80

70

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTSOctober-December 1 983 ^

Uses

Coupon Maturities^Foreign Nonmarketables

13/4

1/2

State and Local

4 Cash Deficit

803/4

Sources

^ Coupon RefundingSavings Bonds

1V4

Net Market a .7 JBorrowing W ** i

Decrease in 4Cash Balance^

y Excludes the 2 and 4 year notes settling January 3, 1984.y Issued or announced through October 21, 1983.& Assumes a $15 billion cash balance December 31,1983.

Office of the Secretary of Ihe TreasuryOffice of Government Finance & Market Analysis

$Bil.

90

80

70

60

50

40

30

20

10

0

October 25, 1983-18

$Bil.

-10

-20

TREASURY OPERATING CASH BALANCESemi-Monthly

,»"»i«.iiim"'»iiin,.1«»"* '« m«"" >""" "

Federal Reserve Account

Tax and Loan

Accounts Balance!

♦-Without New-*-

Borrow ing_L/

\ /

-30Oct Nov Dec Jan Feb Mar Apr May Jun Jul

1982 1983_i/ Assumes refunding of maturing issues

Aug Sep Oct Nov Dec


TREASURY NET MARKET BORROWING^

Calendar Year Quarters

I II III IV I II III

1980 1981 1982

1/ Excludes Federal Reserve and Government Account Transactions.

Ill IVI II III IV

1979 1983


MARKET YIELDS ON GOVERNMENTSBid Yields


4 5 6

Years to Maturity

October 25, 1983-13

PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBTBY MATURITY

100W^Mw^-

1972 1973 1974 1975


1976 1977 1978 1979 1980 1981 1982

As of December 31

October 25, 1983-1

PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

100%

Coupons • over 10 yrs g^ 1-2 yrs Bills

H 2-10 yrs 7A 1 yr & under

1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Sep'83


As of December 31

October 25, 1983?

AVERAGE LENGTH OF THE MARKETABLE DEBTPrivately Held

June 194710 Years

5 MonthsMonths

1945 47 49 51 53 55 57 59 61 63 65 67


September 30, 1983

4 Years, 1 Month

October 25,1983-3

MATURING COUPON ISSUESNovember 1983 - March 1984

(In Millions of Dollars)

Maturing Issues

Outstanding September 30, 1983

Total

Held By

Federal Reserve

& Government

Accounts

Private

Investors

ForeignInvestors!/

7% Nt. 11/15/83

9 7/8%Nt. 11/15/83

12 1/8%Nt. 11/30/83

10 1/2%Nt. 12/31/83

13% Nt. 12/31/83

15% Nt. 1/31/84

7 1/4% Nt. 2/15/84

15 1/8% Nt. 2/29/84

14 1/4% Nt. 3/31/84

14 1/8% Nt. 3/31/84

2,3095,832

5,493

2,7015,427

6,208

8,438

5,9502,914

6,219

113

2,143

715

289

658

578

3,920

720

703

674

2,196

3,689

4,778

2,4124,769

5,630

4,5185,230

2,211

5,545

15

766

700

146

631

964

75

711

276

690

Total 51,491 10,513 40,978 4,974

XJ F.R.B. custody accounts for foreign official institutions;included in Private Investors.


TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes

J F M A M


J J A S O N D

H Securities issued prior to 1981

JFMAMJJASOND

jNew issues calendar year 1982New issuescalendar year 1981 |||||j Issued or announced through October 21, 1983 October 25 ,9839

$Bil.4

2

0

4

2

0

2

0

2

0

2 —

oL—

2

0

4

2

0

4

2

0

4

2

0

4 —

2 —

2.9

1.7

2.2

1.5

S3

1.7

3.0

TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes

$Bil.

2.6

1.7

8

3.2

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

L5

2.5

I

2.4

3.5

1.5

1.4

1.6

3.0

3.5

4

2

02

04

2

0

4

2

0

4

2

0

4

2

0

4

2

0

10

8

6

4

2

0

2

0

2.7

I

1.8

2.12005

2006

2007

2008

3_9 2009

I2010

1.9

3.8 2011

2012

2013

1.4

4.0

1.2

3.6

I3.4

I4.2

4.4

10.3

1

JFMAMJJASOND

^•Securities issued prior to 1981OTiSSS^rF?™1^^ An.iv* ^New issues calendar year 1981

JFMAMJJASOND

(%%|New issues calendar year 1982

Hill Issued or announced through October 21, 1983 October 25, 1983-10

NET NEW MONEY IN AGENCY FINANCE, QUARTERLY

$Bil.10

9

8

7

6

5

4

3

2

1

0

9

8-

7-

6

5

4

3

2

1

0

FNMA

ii ll. iFHLB^

.•Ii. II II III IV

1979I II III IV

1980


•I

I

Privately Held$Bil.

lullFCA

0

-Ih

III!

GNMAMortgage BackedSecurities

ill

llli

i

mlI II III IV I II III IV I II llleIV

1981 1982 1983

13

12

11

10

9

8

7

6

5

4

3

2

1

0I II III IV I II III IV I II III IV I II III IV I II llleIV

1979 1980 1981 1982 1983

*Less than $50 million. e Partly estimated.

1/ Includes FHLB discount notes, bonds, and FHLMC discount notes, debentures,certificates, mortgage-backed bonds, and mortgage participation certificates. October 25, 1983-14

$Bil.


AGENCY MATURITIESvPrivately Held

$Bil.

6

4

2

0

4

2

0

2

0

2

0

2

0

2

0

2

IV I II III IV

1991 1992 1993 1994

2.6

1.4 1.3

3.2

I.. .3 .1(- 1995

.4

1996

.1 -5

1997

1.1 .9

• ££•

1998

.1 .2 .2 .1

1999 2000 2001

* _1

2002

* 2.2003

.1

2004

*

2005

.1 .1

2006

.1 .1

2007

JL J.

2008

^2 .3

2009 2010

2011 2012

.4

2013

_1 .2

2014

.2

- 2015 2016 2017 2018

IV I IVI II III IV I IV I

Calendar Years Quarterly±i Securities issued through September 30, 1983* Less than $50 million.

October 25, 1983-16

SCHEDULE OF ISSUES TO BE ANNOUNCED

AND AUCTIONED IN NOVEMBER 19831

Monday Tuesday Wednesday Thursday Friday

1Auction

3 Year^

2Auction

10 Year^

3 AAuction

30 Year*

4

7 8Partial Holiday

9 10 11Holiday

14 15 16Announce

2 Year

17 18Announce

52 Week

21Announce

5 Year

22Auction

2 Yeara

23Auction

52 Week*>

24Holiday

25

28 29Auction

5 Year^

30


1/ Does not include weekly bills2/ For settlement November 15

3/ For settlement November 30

*/ For settlement December 1

5/ For settlement in early December

October 25, 1983-22

SCHEDULE OF ISSUES TO BE ANNOUNCEDAND AUCTIONED IN DECEMBER 1983 ^

Monday Tuesday Wednesday Thursday Friday

12 13 14

Announce

2 Year

15 16

Announce

52 Week

19 20 21 22 23

Announce Auction Auction

4 Year 2 Year u 52 Week-2/

7 Year

20 Year

26 27 28 29 30

Holiday Auction Auction Auction4 Year-i/ 7 Year & 20 Year^


-i/Does not include weekly bills or the 5 year issuescheduled to be announced in late November

-?>For settlement January 3-2/For settlement December 29

i/For settlement in early JanuaryOctober 25, 1983-21

Documents

TREASURY CASH BALANCE AND NET MARKET BORROWING...Auction 3 Year^ 2 Auction 10 Year^ 3 A Auction 30 Year* 4 7 8 Partial Holiday 9 10 11 Holiday 14 15 16 Announce 2 Year 17 18 Announce