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$Bil
30
20
10
TREASURY FINANCING REQUIREMENTSJuly-September 1976
Uses
Increase inOperating Cash-
Redemptionsof SpecialIssues*
Maturities
Cash Deficit
Sources
Gov't Acc't29V4 *L Sales
Savings Bonds*-& Other
Refundings
Net New^lCash
* Includes maturing marketable securities of $1% billion.
Office of the Secretary of the TreasuryOffice of Government Financing October 21, 1976-26
TREASURY FINANCING REQUIREMENTSOctober-December 1976^
$Bil.
30
Office of the Secretary of the TreasuryOffice of Government Financing
Uses ^— 37i/4 Sources
Decrease in
Operating CashRedemptionsof SpecialIssues *
'MaturitiesGov't Acc't i1/2Sales
Savings Bonds& Other
Refundings
Cash Deficit
* Includes maturing marketable securities of $'/i billion.-J/Assumes $10 billion December 31 cash balance.
Net New
Cash 16To BeDone
October 26, 1976-4
TREASURY OPERATING CASH BALANCE
Jan. Feb
Office of the Secretary of the TreasuryOffice of Government Financing
May June July1976
* Daily
Aug Sept. Oct.
October 26, 1976-8
TREASURY NET NEW MONEY BORROWING
$Bil.
40
30
20
10
0
-10
Coupons:
1§§111| Over 10yrs.
7-10 yrs.
2-7 yrs.
2 yrs. and under
Bills
•3.1
Calendar Year Halves
1974 " ' 1975 "
-!/ Excludes Federal Reserve and Government Account transactions.
1/ Issued or announced through October 19,1976.Office of the Secretary of the TreasuryOffice of Government Financing
19762/
October 26,1976-7
GROSS MARKET BORROWING 1974 - TO DATE1Calendar Year Halves
Office of the Secretary of the TreasuryOffice of Government Financing
1974 1975 1976It Gross public offerings of coupon issues and cash management bills; net offerings of regular bills.
Excludes Federal Reserve and Government Account transactions.
2/lssued or announced through October 19,1976. October,1976-5
$Bil.
200
150
100
50
0
GROSS OFFERINGS OF MARKETABLE SECURITIESCalendar Year Halves
Coupons:
llllll Over 10 yrs.
7-15 yrs.
WZA 2-7 yrs.EZggj 2 yrs. &under
Bills 168.7
141.2
1974
232.6
217.8
187.7
145.6
1975 1976
Office of the Secretary of the TreasuryOffice of Government Financing
* Issued or announced through October 19,1976. October 26,1976-6
PRIVATE HOLDINGS OF TREASURY MARKETABLEDEBT BY MATURITY
$Bil.
300
250
200
150
100
Coupons:•ll Over 10 yrs.
| 7-10 yrs.^ 2-7 yrs.
2 yrs. & under
2104
Jan. Mar. May Jul. Sep. Nov. Jan.1975
* EstimatedOffice of the Secretary of the TreasuryOffice of Government Financing
Mar. May1976
294.6
Jul. Sep.
October 26,1976-15
MARKETABLE MATURITIES WITHIN 1 YEARPrivately Held
$Bil.180
150
120
90
60
30
0
150
120
90
60
30
0
150
120
90
60
30
0
Bills
119.6
109.1
I75.0
Office of the Secretary of the TreasuryOffice of Government Financing
2 year cycle notes All other
Oct 31, 1976"
21.6 14.3
Oct 31,1975
11.8 15.3
Oct 31,1974
4.016.6
* Estimated
Total
155.5
136.2
95.6
IOctober 21,1976-20
Years
5V2
5
AVERAGE LENGTH OF THE MARKETABLE DEBTPrivately Held
June 1966
5 years
4 months
Months
36
34
32
30
28
26
24 I I 1 I I I I I I 1JMMJSNJMMJSN
1975 1976
September 19762 years
9 months
1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976
Office of the Secretary of the TreasuryOffice of Government Financing
October 21.1976-1
EFFECT OF MID-QUARTER FINANCINGSON DEBT EXTENSION
$Bil.
20
10
2 years5 months
Office of the Secretary of the TreasuryOffice of Government Financing
Average Length of-*Marketable Debt*
2 years9 monthst
October 15,1976
* Privately Held
25-year113 Bond
4
f Estimated
10-yearNote
0 N
Months
34
32
30
28
October 21.19764
ALLOTMENTS OF FIXED PRICE OFFERINGS IN 1976$Bil
8
7
6
5
4
3
2
0^February
8% 2/15/83
Office of the Secretary of the TreasuryOffice of Government Financing
y///////y.
May7%% 5/15/86
August8% 8/15/86
All Others
Bank Investment
Dealers
Individuals:
$200,000 and over
$25,000-199,000
$10,000-24,000$1,000-9,000
October 21, 1976-18
MARKETABLE MATURITIES THROUGH DECEMBER 31,1977Privately Held, Excluding Bills & Exchange Notes
$Bil.
0 N D
1976
Office of the Secretary of the TreasuryOffice of Government Financing
M M J J1977
0 N D
October 21, 197614
OWNERSHIP OF THE MATURING ISSUESNOVEMBER 1976 — DECEMBER 1977*
(In millions of dollars)
Total
PrivatelyHeld
Commercial
Banks
Savings Institutions State &Local
General
Funds
Corporations
ForeignOther
Maturing Issues Long-term
Investors^'
Intermediate-
term
Investors^
Private
Holders
6%% Nt. Nov. 1976 3,986 1,555 50 240 490 555 815 281
7%% Nt. Nov. 1976 1,370 910 15 125 60 105 40 115
7%% Nt. Dec. 1976 2,017 1,020 30 185 185 95 200 302
8% Nt. Feb. 1977 2,072 950 5 120 180 15 90 712
6% Nt. Feb. 1977 1,520 550 15 170 290 120 155 220
61/2% Nt. Mar. 1977 2,034 955 5 200 250 235 325 64
7%% Nt. Apr. 1977 1,477 880 5 180 185 15 75 137
6%% Nt. May 1977 1,991 1,145 30 185 190 195 65 181
9% Nt. May 1977 2,343 945 10 60 30 5 5 1,288
6%% Nt. May 1977 1,895 995 10 285 415 25 130 35
61/2%Nt.June 1977 1,921 930 50 260 200 235 30 216
71/2% Nt. July 1977 1,379 845 15 215 135 5 80 84
7%% Nt. Aug. 1977 3,250 1,695 50 205 290 60 140 810
81A% Nt. Aug. 1977 1,877 1,185 25 165 85 55 90 272
8%% Nt. Sept. 1977 3,179 1,535 70 285 85 115 175 914
TA% Nt. Oct. 1977 2,984 1,550 95 365 155 215 265 339
7%%Nt. Nov. 1977 2,398 1,515 60 140 120 160 145 258
6%% Nt. Nov. 1977 2,541 1,515 65 320 200 125 210 106
TA% Nt. Dec. 1977 2,515 1,515 35 335 185 140 190 115
Total 42,749 22,190 640 4,040 3,730 2,475 3,225 6,449
* Based on August 1976 survey of ownership.lj Includes State and local pension funds and life insurance companies.IVIncludes fire, casualty, and marine insurance, savings banks, savings and loan, and corporate pension funds.
Office of the Secretary of the TreasuryOffice of Government Financing October 26, 1976-1
%
8
MARKET YIELDS ON GOVERNMENTS(Bid Yields)
^^^4^^
,'/Octobei 22,197
%
£, 8
| 1
7
10 12 14 16 18 20 22 24 26 28 30I 1 1 1 1
8 10
Years to MaturityOffice of the Secretary of the TreasuryOffice of Government Financing October 26,1976-13
SHORT TERM INTEREST RATESWeekly Averages
Federal FundsRate
Prime Rate
iJV-W ft . vv» ^ Commercial\ f\\fi ti \$f\*\ Paper Rate
^3 MonthTreasury Bill Rate
Week EndingOctober 20,1976
J*""1-
%
15
14
13
12
11
10
9
8
7
6
5
4
H3
*S53& -
%
15
14
13
12
11
10
9
8
7
6
5
4
3MM M I II II -'I M.- 1 ' I.-I Jl I I I I I
1973
Office of the Secretary of the TreasuryOfficeof Government Financing
1974 1975Calendar Years
1976
October 26, 197612
%
SHORT TERM INTEREST RATESWeekly Averages
Prime Rate-
Commercial
Paper Rate-*•***"%
*"'........'i'" V.*"**.
,.• -":.
1 X / /"\ "-••^/C 3 MonthV~«~.. ^.~«.v^ •*•-:•"%. 4T.y Treasury Bill Rate^..^•*
•Federal FundsRate
k%**"«*|||||||IHI*t4
Week EndingOctober 20,1976
1_*
-6
-5
ILLJan. Feb. Mar. Apr. May June
1976July Aug. Sept. Oct.
Officeof the Secretary of the TreasuryOfficeof Government Financing October 26, 1976-11
%
INTERMEDIATE AND LONG MARKET RATESMonthly Averages
New AaCorporates v
^ New 20 YearMunicipal Bonds
Week EndingOctober 22, 1976
sr—/s.
JJJSNJMMJSNJMMJSNJMMJSN
1973 1974 1975 1976
Office of the Secretary of the Treasury
Office of Government Financing
October 26, 1976-10
8
X
INTERMEDIATE & LONG MARKET RATESWeekly Averages
New ConventionalMortgages*
X.....»**'**"*"..,
SNew Aa Corporates
- Week EndingOctober 22,1976
1f Treasury 20-Year m *........••••••"—•-
Treasury 10-Year ^^<Zr *- Treasury 7-Year ^^-~-^vj***
New 20-Year ^Municipal Bonds
i i i i I i i i _L_Li i i I I i i I | i i i I I I • I I M .1 IMay June July Aug. Sept. Oct.1976
* Monthly, weekly data not available
Jan. Feb. Mar. Apr
Office of the Secretary of the TreasuryOffice of Government Financing October 26, 1976-9
TREASURY MARKETABLE COUPON ISSUESTO PRIVATE INVESTORS
1976
ihit Ii • I1975
I •ill • lh h. • Ii1974
I I
$Bil.
10
8
6
4
2
0
6
4
2
0
4
2
0Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Office of the Secretary of the TreasuryOffice of Government Financing
• 2 year Cycle Note
•9 4 year Cycle Note
E2 5 year Cycle Note
H Long BondW Intermediate Note
B Short Note October 21, 1976-19
5.0
22I2.1
ill
2.9
1.6
I
TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes
n$Bil.
2.9
2.0
1
1976
1977
4.0
I 2.01.4 •
0 I
43
ill3-2 3.2 2.9„
2.1 2:0 .Jl.9 1.9 ..ll.9 H Hfalf].425 2.5
5.9 1978
4.4 4.62.8
2.2h?4 2.62.6^ 02.8 2.8 2.8
I 2.4
1979
18 17
1 B
5.0
I1.7
I
1980
i •
1.9
2.1
" 15
I 1
1.1
4
2
0
2
06
4
2
0
2
0
2
0
8
6
4
2
0
52
1.7
I5.9
1.9
1
13
01
1981
2.9
1982 !.9
1983
1.1
19841.0
1.31985
19867.7
45
23
SBil.
4
2
06
4
2
0
6
4
2
0
6
4
2
0
4
2
0JFMAMJJASOND J FMAMJ JASOND
Office of the Secretary of the TreasuryOffice of Government Financing
•i Securities issued prior to 1975.
ga New issues calendar year 1975.
ESS! Issued or announced January 1 - October 15,1976.October 26.1976-2
2.3
I
TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes
1.0
1987
1988
1989
1990
1991
1992
1.9
I
1993
1994
$Bil
.5
1995
-
1996
-
1997
-
1998
— 11.6
I
-
1999.9
1.3
m
200014I 8
-
20011 -8
-
2002
-
2003
-
2004
-
20051.0 1m 1
$Bil.
2
0
2
0
2
0
6
4
2
0
2
0
6
4
2
0
4
2
0
4
2
0
JFMAMJJASOND JFMAMJJASOND
Offce of the Secretary of the TreasuryOffice of Government Financing
•I Securities issued prior to 1975.
EB New issues calendar year 1975.
11 Issued or announced January 1 - October 15, 1976.
October 26. 1976-3
Office of the Secretary of the TreasuryOffice of Government Financing
AGENCY MATURITIES17Privately Held
$Bil.
1
0
1
0
1984 198515 1986 1987
!fi 7 ,1 a
• • £ il i£l ±i -
1988 1989 1990 1991
-z .6
l£di -2H H ^M ^m 2. *. .i i m
1992 1993 1994 1995
LL *3 .i .i .i .i
1- 1996 1997 1998 1999
• Lm Hzu a££a. i
2000 2001 2002 2003
2004 2005 2006 2007
• £ 2 2
1
0
1
0
1
0
1
12341234 12341234 1234 1234 1234 1234Calendar Years Quarterly
J/ Issued or announced through October 15, 1976.* Less than $50 million.
October 21, 1976-21
NET NEW MONEY IN AGENCY FINANCEPrivately Held
$Bil. FCA$Bil.
0ill. nihil III i.ll
• FIMMA
I3h
2
0
Office of the Secretary of the TreasuryOffice of Government Financing
FH LB
Budget Agencies
I IP P"0
-1
•ii
| || Ml IV I II III IV I II III IV I II III IV I II III IV I II III IV I H III IV I II III IV1973 1974 1975 1976 1973 1974 1975 1976
Calendar Years Quarterly*Lessthan$50 million. October 21,197fj-22