# INTRODUCTION: Ownership of Federal Securities

Federal securities presented in the following tables are public debt
securities such as savings bonds, bills, notes, and bonds that the
Treasury issues. The tables also detail debt issued by other Federal
agencies under special financing authorities. \[See the Federal debt
(FD) tables for a more complete description of the Federal debt.\]

Effective January 1, 2001, Treasury's Bureau of the Public Debt revised
formats, titles, and column headings in the "Monthly Statement of the
Public Debt of the United States," Table I: Summary of Treasury
Securities Outstanding and Table II: Statutory Debt Limit. These changes
should reduce confusion and bring the publication more in line with the
public's use of terms.

Treasury's Financial Management Service (FMS) compiles data in the
"Treasury Bulletin" table OFS-1 from the "Monthly Statement of the
Public Debt of the United States." Effective June 2001, FMS revised
procedures and categories in this table to agree with the Bureau of the
Public Debt's publication changes.

-   Table **OFS-1** presents Treasury marketable and nonmarketable
    securities and debt issued by other Federal agencies held by
    Government accounts, the FRBs, and private investors. Social
    Security and Federal retirement trust fund investments comprise much
    of the Government account holdings.

The FRBs acquire Treasury securities in the market as a means of
executing monetary policy.

-   Table **OFS-2** presents the estimated ownership of U.S. Treasury
    securities. Information is primarily obtained from the Federal
    Reserve Board of Governors Flow of Funds data, Table L209. State,
    local, and foreign holdings include special issues of nonmarketable
    securities to municipal entities and foreign official accounts. They
    also include municipal, foreign official, and private holdings of
    marketable Treasury securities. (See footnotes to the table for
    description of investor categories.)

<table>
<colgroup>
<col style="width: 21%" />
<col style="width: 13%" />
<col style="width: 2%" />
<col style="width: 10%" />
<col style="width: 0%" />
<col style="width: 10%" />
<col style="width: 3%" />
<col style="width: 9%" />
<col style="width: 3%" />
<col style="width: 10%" />
<col style="width: 1%" />
<col style="width: 10%" />
<col style="width: 1%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="13"><h3
id="table-ofs-1.distribution-of-federal-securities-by-class-of-investors-and-type-of-issues">TABLE
OFS-1.—Distribution of Federal Securities by Class of Investors and Type
of Issues</h3>
<p>[In millions of dollars. Source: Financial Management
Service]</p></td>
</tr>
<tr class="even">
<td rowspan="3">End of<br />
fiscal year<br />
or month</td>
<td colspan="2" rowspan="3">Total<br />
Federal<br />
securities<br />
outstanding<br />
(1)</td>
<td colspan="10">Public debt securities</td>
</tr>
<tr class="odd">
<td colspan="2"></td>
<td colspan="6">Held by U.S. Government accounts</td>
<td colspan="2" rowspan="2">Public issues<br />
held by Federal<br />
Reserve banks<br />
(6)</td>
</tr>
<tr class="even">
<td colspan="2">Total<br />
outstanding<br />
(2)</td>
<td colspan="2">Total<br />
(3)</td>
<td colspan="2">Marketable<br />
(4)</td>
<td colspan="2">Nonmarketable<br />
(5)</td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="even">
<td>2004</td>
<td>7,403,236</td>
<td colspan="2">7,379,053</td>
<td colspan="2">3,075,687</td>
<td colspan="2">142</td>
<td colspan="2">3,075,545</td>
<td colspan="2">698,207</td>
<td></td>
</tr>
<tr class="odd">
<td>2005</td>
<td>7,956,346</td>
<td colspan="2">7,932,710</td>
<td colspan="2">3,331,333</td>
<td colspan="2">1</td>
<td colspan="2">3,331,332</td>
<td colspan="2">733,439</td>
<td></td>
</tr>
<tr class="even">
<td>2006</td>
<td>8,530,366</td>
<td colspan="2">8,506,974</td>
<td colspan="2">3,663,773</td>
<td colspan="2">1</td>
<td colspan="2">3,663,772</td>
<td colspan="2">764,828</td>
<td></td>
</tr>
<tr class="odd">
<td>2007</td>
<td>9,030,612</td>
<td colspan="2">9,007,653</td>
<td colspan="2">3,958,417</td>
<td colspan="2">1</td>
<td colspan="2">3,958,416</td>
<td colspan="2">774,913</td>
<td></td>
</tr>
<tr class="even">
<td>2008</td>
<td>10,047,828</td>
<td colspan="2">10,024,725</td>
<td colspan="2">4,210,491</td>
<td colspan="2">-</td>
<td colspan="2">4,210,491</td>
<td colspan="2">484,486</td>
<td></td>
</tr>
<tr class="odd">
<td></td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td></td>
</tr>
<tr class="even">
<td>2007 - Dec</td>
<td>9,252,317</td>
<td colspan="2">9,229,172</td>
<td colspan="2">4,092,890</td>
<td colspan="2">1</td>
<td colspan="2">4,092,889</td>
<td colspan="2">735,735</td>
<td></td>
</tr>
<tr class="odd">
<td>2008 - Jan</td>
<td>9,261,110</td>
<td colspan="2">9,238,008</td>
<td colspan="2">4,105,795</td>
<td colspan="2">1</td>
<td colspan="2">4,105,794</td>
<td colspan="2">708,807</td>
<td></td>
</tr>
<tr class="even">
<td>Feb</td>
<td>9,381,029</td>
<td colspan="2">9,358,051</td>
<td colspan="2">4,098,349</td>
<td colspan="2">1</td>
<td colspan="2">4,098,348</td>
<td colspan="2">708,806</td>
<td></td>
</tr>
<tr class="odd">
<td>Mar</td>
<td>9,461,058</td>
<td colspan="2">9,437,594</td>
<td colspan="2">4,103,552</td>
<td colspan="2">1</td>
<td colspan="2">4,103,551</td>
<td colspan="2">586,473</td>
<td></td>
</tr>
<tr class="even">
<td>Apr</td>
<td>9,400,719</td>
<td colspan="2">9,377,557</td>
<td colspan="2">4,133,040</td>
<td colspan="2">1</td>
<td colspan="2">4,133,039</td>
<td colspan="2">543,805</td>
<td></td>
</tr>
<tr class="odd">
<td>May</td>
<td>9,411,969</td>
<td colspan="2">9,388,798</td>
<td colspan="2">4,110,207</td>
<td colspan="2">-</td>
<td colspan="2">4,110,207</td>
<td colspan="2">481,632</td>
<td></td>
</tr>
<tr class="even">
<td>June</td>
<td>9,515,532</td>
<td colspan="2">9,492,006</td>
<td colspan="2">4,206,987</td>
<td colspan="2">-</td>
<td colspan="2">4,206,987</td>
<td colspan="2">473,303</td>
<td></td>
</tr>
<tr class="odd">
<td>July</td>
<td>9,608,823</td>
<td colspan="2">9,585,479</td>
<td colspan="2">4,182,264</td>
<td colspan="2">-</td>
<td colspan="2">4,182,264</td>
<td colspan="2">473,303</td>
<td></td>
</tr>
<tr class="even">
<td>Aug</td>
<td>9,668,997</td>
<td colspan="2">9,645,755</td>
<td colspan="2">4,166,662</td>
<td colspan="2">-</td>
<td colspan="2">4,166,662</td>
<td colspan="2">473,303</td>
<td></td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>10,047,828</td>
<td colspan="2">10,024,725</td>
<td colspan="2">4,210,491</td>
<td colspan="2">-</td>
<td colspan="2">4,210,491</td>
<td colspan="2">484,486</td>
<td></td>
</tr>
<tr class="even">
<td>Oct</td>
<td>10,599,663</td>
<td colspan="2">10,574,094</td>
<td colspan="2">4,266,386</td>
<td colspan="2">-</td>
<td colspan="2">4,266,386</td>
<td colspan="2">483,606</td>
<td></td>
</tr>
<tr class="odd">
<td>Nov</td>
<td>10,684,427</td>
<td colspan="2">10,661,175</td>
<td colspan="2">4,260,586</td>
<td colspan="2">-</td>
<td colspan="2">4,260,586</td>
<td colspan="2">477,868</td>
<td></td>
</tr>
<tr class="even">
<td>Dec</td>
<td>10,723,156</td>
<td colspan="2">10,699,805</td>
<td colspan="2">4,327,160</td>
<td colspan="2">-</td>
<td colspan="2">4,327,160</td>
<td colspan="2">489,694</td>
<td></td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
</tbody>
</table>

  -------------------- ------------- ----------- ------------- --------- ---------------- -------- -------------- -------- ------------ --
                       Public debt                                                                 Agency                               
                       securities,                                                                 securities                           
                       con.                                                                                                             

  End of\              Held by                                                                                             Held by\     
  fiscal year\         private                                                                                             private\     
  or month             investors                                                                                           investors\   
                                                                                                                           (11)         

                       Total\                    Marketable\             Nonmarketable\            Total\                               
                       (7)                       (8)                     (9)                       outstanding\                         
                                                                                                   (10)                                 

                                                                                                                                        

  2004                 3,605,159     3,147,752                 457,407                    24,183                  24,183                

  2005                 3,867,938     3,351,440                 516,498                    23,637                  23,637                

  2006                 4,078,373     3,538,210                 540,163                    23,392                  23,392                

  2007                 4,274,323     3,673,220                 601,103                    22,959                  22,959                

  2008                 5,329,748     4,751,490                 578,258                    23,104                  23,104                

                                                                                                                                        

  2007 - Dec           4,400,548     3,800,849                 599,698                    23,145                  23,145                

  2008 - Jan           4,423,406     3,824,078                 599,328                    23,102                  23,102                

  Feb                  4,550,896     3,952,580                 598,316                    22,978                  22,978                

  Mar                  4,747,569     4,145,887                 601,682                    23,464                  23,464                

  Apr                  4,700,712     4,098,756                 601,956                    23,163                  23,163                

  May                  4,796,960     4,203,552                 593,408                    23,170                  23,170                

  June                 4,811,716     4,223,123                 588,594                    23,527                  23,527                

  July                 4,929,913     4,348,820                 581,092                    23,344                  23,344                

  Aug                  5,005,790     4,428,587                 577,203                    23,243                  23,243                

  Sept                 5,329,748     4,751,490                 578,258                    23,104                  23,104                

  Oct                  5,824,102     5,245,754                 578,348                    25,569                  25,569                

  Nov                  5,922,721     5,344,797                 577,924                    23,252                  23,252                

  Dec                  5,882,951     5,307,950                 575,001                    23,352                  23,352                

                                                                                                                                        
  -------------------- ------------- ----------- ------------- --------- ---------------- -------- -------------- -------- ------------ --

<table style="width:100%;">
<colgroup>
<col style="width: 10%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 1%" />
<col style="width: 7%" />
<col style="width: 0%" />
<col style="width: 7%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 0%" />
<col style="width: 6%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 7%" />
<col style="width: 0%" />
<col style="width: 7%" />
<col style="width: 7%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="19"><h3
id="table-ofs-2.estimated-ownership-of-u.s.-treasury-securities">TABLE
OFS-2.—Estimated Ownership of U.S. Treasury Securities</h3>
<p>[In billions of dollars. Source: Office of Debt Management, Office of
the Under Secretary for Domestic Finance]</p></td>
</tr>
<tr class="even">
<td></td>
<td></td>
<td colspan="2" rowspan="2">Federal<br />
Reserve and<br />
Intragovern-mental<br />
Holdings <sup>2</sup><br />
(2)</td>
<td></td>
<td colspan="3"></td>
<td></td>
<td colspan="3">Pension funds <sup>3</sup></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="odd">
<td>End of month</td>
<td>Total<br />
public<br />
debt <sup>1</sup><br />
(1)</td>
<td>Total<br />
privately<br />
held<br />
(3)</td>
<td colspan="3">Depository<br />
institutions <sup>3, 4</sup><br />
(4)</td>
<td>U.S.<br />
savings<br />
bonds <sup>5</sup><br />
(5)</td>
<td>Private <sup>6</sup><br />
(6)</td>
<td colspan="2">State and<br />
local<br />
governments<br />
(7)</td>
<td colspan="2">Insurance<br />
compa-<br />
nies <sup>3</sup><br />
(8)</td>
<td>Mutual<br />
funds <sup>3, 7</sup><br />
(9)</td>
<td colspan="2"><p>State and<br />
local<br />
govern-</p>
<p>ments <sup>3</sup><br />
(10)</p></td>
<td>Foreign<br />
and inter-<br />
national <sup>8</sup><br />
(11)</td>
<td>Other<br />
investors <sup>9</sup><br />
(12)</td>
</tr>
<tr class="even">
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="odd">
<td>1997 - Mar</td>
<td>5,380.9</td>
<td>1,928.7</td>
<td colspan="2">3,452.2</td>
<td colspan="2">317.3</td>
<td colspan="2">186.5</td>
<td>141.7</td>
<td>211.1</td>
<td colspan="2">181.8</td>
<td colspan="2">221.6</td>
<td>248.1</td>
<td colspan="2">1,157.6</td>
<td>786.5</td>
</tr>
<tr class="even">
<td>June</td>
<td>5,376.2</td>
<td>1,998.9</td>
<td colspan="2">3,377.3</td>
<td colspan="2">300.2</td>
<td colspan="2">186.3</td>
<td>142.1</td>
<td>214.9</td>
<td colspan="2">183.1</td>
<td colspan="2">216.4</td>
<td>243.3</td>
<td colspan="2">1,182.7</td>
<td>708.2</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>5,413.1</td>
<td>2,011.5</td>
<td colspan="2">3,401.6</td>
<td colspan="2">292.8</td>
<td colspan="2">186.2</td>
<td>143.0</td>
<td>223.5</td>
<td colspan="2">186.8</td>
<td colspan="2">221.3</td>
<td>235.2</td>
<td colspan="2">1,230.5</td>
<td>682.3</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>5,502.4</td>
<td>2,087.8</td>
<td colspan="2">3,414.6</td>
<td colspan="2">300.3</td>
<td colspan="2">186.5</td>
<td>144.1</td>
<td>219.0</td>
<td colspan="2">176.6</td>
<td colspan="2">232.3</td>
<td>239.3</td>
<td colspan="2">1,241.6</td>
<td>674.9</td>
</tr>
<tr class="odd">
<td>1998 - Mar</td>
<td>5,542.4</td>
<td>2,104.9</td>
<td colspan="2">3,437.5</td>
<td colspan="2">308.3</td>
<td colspan="2">186.2</td>
<td>141.3</td>
<td>212.1</td>
<td colspan="2">169.5</td>
<td colspan="2">234.6</td>
<td>238.1</td>
<td colspan="2">1,250.5</td>
<td>696.9</td>
</tr>
<tr class="even">
<td>June</td>
<td>5,547.9</td>
<td>2,198.6</td>
<td colspan="2">3,349.3</td>
<td colspan="2">290.9</td>
<td colspan="2">186.0</td>
<td>139.0</td>
<td>213.2</td>
<td colspan="2">160.6</td>
<td colspan="2">230.8</td>
<td>258.5</td>
<td colspan="2">1,256.0</td>
<td>614.4</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>5,526.2</td>
<td>2,213.0</td>
<td colspan="2">3,313.2</td>
<td colspan="2">244.5</td>
<td colspan="2">185.9</td>
<td>135.5</td>
<td>207.8</td>
<td colspan="2">151.4</td>
<td colspan="2">231.7</td>
<td>271.8</td>
<td colspan="2">1,224.2</td>
<td>660.3</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>5,614.2</td>
<td>2,280.2</td>
<td colspan="2">3,334.0</td>
<td colspan="2">237.4</td>
<td colspan="2">186.6</td>
<td>133.2</td>
<td>212.6</td>
<td colspan="2">141.7</td>
<td colspan="2">257.6</td>
<td>280.8</td>
<td colspan="2">1,278.7</td>
<td>605.4</td>
</tr>
<tr class="odd">
<td>1999 - Mar</td>
<td>5,651.6</td>
<td>2,324.1</td>
<td colspan="2">3,327.5</td>
<td colspan="2">247.4</td>
<td colspan="2">186.5</td>
<td>135.5</td>
<td>211.5</td>
<td colspan="2">137.5</td>
<td colspan="2">245.0</td>
<td>288.4</td>
<td colspan="2">1,272.3</td>
<td>603.4</td>
</tr>
<tr class="even">
<td>June</td>
<td>5,638.8</td>
<td>2,439.6</td>
<td colspan="2">3,199.2</td>
<td colspan="2">240.6</td>
<td colspan="2">186.5</td>
<td>142.9</td>
<td>213.8</td>
<td colspan="2">133.6</td>
<td colspan="2">228.1</td>
<td>298.6</td>
<td colspan="2">1,258.8</td>
<td>496.3</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>5,656.3</td>
<td>2,480.9</td>
<td colspan="2">3,175.4</td>
<td colspan="2">241.2</td>
<td colspan="2">186.2</td>
<td>150.9</td>
<td>204.8</td>
<td colspan="2">128.0</td>
<td colspan="2">222.5</td>
<td>299.2</td>
<td colspan="2">1,281.4</td>
<td>461.1</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>5,776.1</td>
<td>2,542.2</td>
<td colspan="2">3,233.9</td>
<td colspan="2">248.7</td>
<td colspan="2">186.4</td>
<td>153.0</td>
<td>198.8</td>
<td colspan="2">123.4</td>
<td colspan="2">228.7</td>
<td>304.5</td>
<td colspan="2">1,268.7</td>
<td>521.7</td>
</tr>
<tr class="odd">
<td>2000 - Mar</td>
<td>5,773.4</td>
<td>2,590.6</td>
<td colspan="2">3,182.8</td>
<td colspan="2">237.7</td>
<td colspan="2">185.3</td>
<td>150.2</td>
<td>196.9</td>
<td colspan="2">120.0</td>
<td colspan="2">222.3</td>
<td>306.3</td>
<td colspan="2">1,106.9</td>
<td>657.2</td>
</tr>
<tr class="even">
<td>June</td>
<td>5,685.9</td>
<td>2,698.6</td>
<td colspan="2">2,987.3</td>
<td colspan="2">222.2</td>
<td colspan="2">184.6</td>
<td>149.0</td>
<td>194.9</td>
<td colspan="2">116.5</td>
<td colspan="2">205.4</td>
<td>309.3</td>
<td colspan="2">1,082.0</td>
<td>523.5</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>5,674.2</td>
<td>2,737.9</td>
<td colspan="2">2,936.3</td>
<td colspan="2">220.5</td>
<td colspan="2">184.3</td>
<td>147.9</td>
<td>185.5</td>
<td colspan="2">113.7</td>
<td colspan="2">207.8</td>
<td>307.9</td>
<td colspan="2">1,057.9</td>
<td>510.8</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>5,662.2</td>
<td>2,781.8</td>
<td colspan="2">2,880.4</td>
<td colspan="2">201.5</td>
<td colspan="2">184.8</td>
<td>145.0</td>
<td>179.1</td>
<td colspan="2">110.2</td>
<td colspan="2">225.7</td>
<td>310.0</td>
<td colspan="2">1,034.2</td>
<td>490.0</td>
</tr>
<tr class="odd">
<td>2001 - Mar</td>
<td>5,773.7</td>
<td>2,880.9</td>
<td colspan="2">2,892.8</td>
<td colspan="2">188.0</td>
<td colspan="2">184.8</td>
<td>153.4</td>
<td>177.3</td>
<td colspan="2">109.1</td>
<td colspan="2">225.3</td>
<td>316.9</td>
<td colspan="2">1,029.9</td>
<td>508.1</td>
</tr>
<tr class="even">
<td>June</td>
<td>5,726.8</td>
<td>3,004.2</td>
<td colspan="2">2,722.6</td>
<td colspan="2">188.1</td>
<td colspan="2">185.5</td>
<td>148.5</td>
<td>183.1</td>
<td colspan="2">108.1</td>
<td colspan="2">221.0</td>
<td>324.8</td>
<td colspan="2">1,000.5</td>
<td>363.1</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>5,807.5</td>
<td>3,027.8</td>
<td colspan="2">2,779.7</td>
<td colspan="2">189.1</td>
<td colspan="2">186.4</td>
<td>149.9</td>
<td>166.8</td>
<td colspan="2">106.8</td>
<td colspan="2">234.1</td>
<td>321.2</td>
<td colspan="2">1,005.5</td>
<td>419.8</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>5,943.4</td>
<td>3,123.9</td>
<td colspan="2">2,819.5</td>
<td colspan="2">181.5</td>
<td colspan="2">190.3</td>
<td>144.6</td>
<td>155.1</td>
<td colspan="2">105.7</td>
<td colspan="2">261.9</td>
<td>328.4</td>
<td colspan="2">1,051.2</td>
<td>400.8</td>
</tr>
<tr class="odd">
<td>2002 - Mar</td>
<td>6,006.0</td>
<td>3,156.8</td>
<td colspan="2">2,849.2</td>
<td colspan="2">187.6</td>
<td colspan="2">191.9</td>
<td>150.6</td>
<td>163.3</td>
<td colspan="2">114.0</td>
<td colspan="2">266.1</td>
<td>327.6</td>
<td colspan="2">1,067.1</td>
<td>381.0</td>
</tr>
<tr class="even">
<td>June</td>
<td>6,126.5</td>
<td>3,276.7</td>
<td colspan="2">2,849.8</td>
<td colspan="2">204.7</td>
<td colspan="2">192.7</td>
<td>149.0</td>
<td>153.9</td>
<td colspan="2">122.0</td>
<td colspan="2">253.8</td>
<td>333.6</td>
<td colspan="2">1,135.4</td>
<td>304.6</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>6,228.2</td>
<td>3,303.5</td>
<td colspan="2">2,924.8</td>
<td colspan="2">209.3</td>
<td colspan="2">193.3</td>
<td>151.4</td>
<td>156.3</td>
<td colspan="2">130.4</td>
<td colspan="2">256.8</td>
<td>338.6</td>
<td colspan="2">1,200.8</td>
<td>287.9</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>6,405.7</td>
<td>3,387.2</td>
<td colspan="2">3,018.5</td>
<td colspan="2">222.6</td>
<td colspan="2">194.9</td>
<td>150.8</td>
<td>158.9</td>
<td colspan="2">139.7</td>
<td colspan="2">281.0</td>
<td>354.7</td>
<td colspan="2">1,246.8</td>
<td>269.2</td>
</tr>
<tr class="odd">
<td>2003 - Mar</td>
<td>6,460.8</td>
<td>3,390.8</td>
<td colspan="2">3,069.9</td>
<td colspan="2">153.6</td>
<td colspan="2">196.9</td>
<td>162.9</td>
<td>162.1</td>
<td colspan="2">139.5</td>
<td colspan="2">296.6</td>
<td>350.0</td>
<td colspan="2">1,286.3</td>
<td>322.0</td>
</tr>
<tr class="even">
<td>June</td>
<td>6,670.1</td>
<td>3,505.4</td>
<td colspan="2">3,164.7</td>
<td colspan="2">145.4</td>
<td colspan="2">199.1</td>
<td>167.3</td>
<td>161.3</td>
<td colspan="2">138.7</td>
<td colspan="2">302.3</td>
<td>347.9</td>
<td colspan="2">1,382.8</td>
<td>320.0</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>6,783.2</td>
<td>3,515.3</td>
<td colspan="2">3,268.0</td>
<td colspan="2">147.0</td>
<td colspan="2">201.5</td>
<td>164.6</td>
<td>155.5</td>
<td colspan="2">137.4</td>
<td colspan="2">287.1</td>
<td>357.7</td>
<td colspan="2">1,454.2</td>
<td>363.1</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>6,998.0</td>
<td>3,620.1</td>
<td colspan="2">3,377.9</td>
<td colspan="2">153.3</td>
<td colspan="2">203.8</td>
<td>169.2</td>
<td>148.6</td>
<td colspan="2">136.5</td>
<td colspan="2">280.8</td>
<td>364.2</td>
<td colspan="2">1,533.0</td>
<td>388.4</td>
</tr>
<tr class="odd">
<td>2004 - Mar</td>
<td>7,131.1</td>
<td>3,628.3</td>
<td colspan="2">3,502.8</td>
<td colspan="2">162.9</td>
<td colspan="2">204.4</td>
<td>167.0</td>
<td>143.6</td>
<td colspan="2">141.0</td>
<td colspan="2">280.8</td>
<td>374.1</td>
<td colspan="2">1,677.1</td>
<td>351.9</td>
</tr>
<tr class="even">
<td>June</td>
<td>7,274.3</td>
<td>3,742.8</td>
<td colspan="2">3,531.5</td>
<td colspan="2">158.7</td>
<td colspan="2">204.6</td>
<td>170.2</td>
<td>134.9</td>
<td colspan="2">144.1</td>
<td colspan="2">258.7</td>
<td>381.2</td>
<td colspan="2">1,739.6</td>
<td>339.5</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>7,379.1</td>
<td>3,772.0</td>
<td colspan="2">3,607.0</td>
<td colspan="2">138.5</td>
<td colspan="2">204.1</td>
<td>170.6</td>
<td>140.8</td>
<td colspan="2">147.4</td>
<td colspan="2">255.0</td>
<td>381.7</td>
<td colspan="2">1,798.7</td>
<td>370.1</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>7,596.1</td>
<td>3,905.6</td>
<td colspan="2">3,690.6</td>
<td colspan="2">125.0</td>
<td colspan="2">204.4</td>
<td>170.5</td>
<td>151.0</td>
<td colspan="2">149.7</td>
<td colspan="2">254.1</td>
<td>389.1</td>
<td colspan="2">1,853.4</td>
<td>393.3</td>
</tr>
<tr class="odd">
<td>2005 - Mar</td>
<td>7,776.9</td>
<td>3,921.6</td>
<td colspan="2">3,855.4</td>
<td colspan="2">141.8</td>
<td colspan="2">204.2</td>
<td>174.3</td>
<td>158.0</td>
<td colspan="2">152.4</td>
<td colspan="2">261.1</td>
<td>412.0</td>
<td colspan="2">1,956.3</td>
<td>395.2</td>
</tr>
<tr class="even">
<td>June</td>
<td>7,836.5</td>
<td>4,033.5</td>
<td colspan="2">3,803.0</td>
<td colspan="2">127.0</td>
<td colspan="2">204.2</td>
<td>177.5</td>
<td>171.3</td>
<td colspan="2">155.0</td>
<td colspan="2">248.7</td>
<td>444.0</td>
<td colspan="2">1,879.6</td>
<td>395.8</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>7,932.7</td>
<td>4,067.8</td>
<td colspan="2">3,864.9</td>
<td colspan="2">125.4</td>
<td colspan="2">203.6</td>
<td>180.9</td>
<td>164.8</td>
<td colspan="2">159.0</td>
<td colspan="2">244.7</td>
<td>467.6</td>
<td colspan="2">1,930.6</td>
<td>388.2</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>8,170.4</td>
<td>4,199.8</td>
<td colspan="2">3,970.6</td>
<td colspan="2">117.2</td>
<td colspan="2">205.1</td>
<td>181.2</td>
<td>153.8</td>
<td colspan="2">160.4</td>
<td colspan="2">251.3</td>
<td>481.4</td>
<td colspan="2">2,036.0</td>
<td>384.1</td>
</tr>
<tr class="odd">
<td>2006 - Mar</td>
<td>8,371.2</td>
<td>4,257.2</td>
<td colspan="2">4,114.0</td>
<td colspan="2">115.4</td>
<td colspan="2">206.0</td>
<td>183.0</td>
<td>153.0</td>
<td colspan="2">161.3</td>
<td colspan="2">248.7</td>
<td>486.1</td>
<td colspan="2">2,084.5</td>
<td>475.9</td>
</tr>
<tr class="even">
<td>June</td>
<td>8,420.0</td>
<td>4,389.2</td>
<td colspan="2">4,030.8</td>
<td colspan="2">117.4</td>
<td colspan="2">205.2</td>
<td>188.4</td>
<td>150.9</td>
<td colspan="2">161.2</td>
<td colspan="2">244.2</td>
<td>499.4</td>
<td colspan="2">1,979.8</td>
<td>484.2</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>8,507.0</td>
<td>4,432.8</td>
<td colspan="2">4,074.2</td>
<td colspan="2">113.8</td>
<td colspan="2">203.7</td>
<td>195.2</td>
<td>151.6</td>
<td colspan="2">160.6</td>
<td colspan="2">235.7</td>
<td>502.1</td>
<td colspan="2">2,027.3</td>
<td>484.2</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>8,680.2</td>
<td>4,558.1</td>
<td colspan="2">4,122.1</td>
<td colspan="2">115.1</td>
<td colspan="2">202.4</td>
<td>204.2</td>
<td>153.0</td>
<td colspan="2">159.0</td>
<td colspan="2">250.7</td>
<td>516.9</td>
<td colspan="2">2,105.0</td>
<td>415.8</td>
</tr>
<tr class="odd">
<td>2007 - Mar</td>
<td>8,849.7</td>
<td>4,576.6</td>
<td colspan="2">4,273.1</td>
<td colspan="2">119.9</td>
<td colspan="2">200.3</td>
<td>216.5</td>
<td>155.1</td>
<td colspan="2">150.8</td>
<td colspan="2">264.2</td>
<td>535.0</td>
<td colspan="2">2,196.7</td>
<td>434.5</td>
</tr>
<tr class="even">
<td>June</td>
<td>8,867.7</td>
<td>4,715.1</td>
<td colspan="2">4,152.6</td>
<td colspan="2">110.6</td>
<td colspan="2">198.6</td>
<td>224.2</td>
<td>156.1</td>
<td colspan="2">142.1</td>
<td colspan="2">267.2</td>
<td>550.3</td>
<td colspan="2">2,193.9</td>
<td>309.6</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>9,007.7</td>
<td>4,738.0</td>
<td colspan="2">4,269.7</td>
<td colspan="2">119.8</td>
<td colspan="2">197.1</td>
<td>237.9</td>
<td>161.4</td>
<td colspan="2">133.4</td>
<td colspan="2">306.2</td>
<td>541.4</td>
<td colspan="2">2,237.2</td>
<td>335.2</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>9,229.2</td>
<td>4,833.5</td>
<td colspan="2">4,395.7</td>
<td colspan="2">129.9</td>
<td colspan="2">196.5</td>
<td>255.6</td>
<td>164.5</td>
<td colspan="2">123.3</td>
<td colspan="2">362.7</td>
<td>531.5</td>
<td colspan="2">2,352.9</td>
<td>278.8</td>
</tr>
<tr class="odd">
<td>2008 - Mar</td>
<td>9,437.6</td>
<td>4,694.7</td>
<td colspan="2">4,742.9</td>
<td colspan="2">127.4</td>
<td colspan="2">195.4</td>
<td>273.1</td>
<td>165.0</td>
<td colspan="2">123.4</td>
<td colspan="2">464.7</td>
<td>523.6</td>
<td colspan="2">2,507.5</td>
<td>362.7</td>
</tr>
<tr class="even">
<td>June</td>
<td>9,492.0</td>
<td>4,685.8</td>
<td colspan="3">4,806.2</td>
<td>114.9</td>
<td colspan="2">195.0</td>
<td>282.0</td>
<td>164.7</td>
<td colspan="2">123.4</td>
<td colspan="2">460.8</td>
<td>522.2</td>
<td colspan="2">2,634.2</td>
<td>308.9</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td>10,024.7</td>
<td>4,692.7</td>
<td colspan="3">5,332.0</td>
<td>133.0</td>
<td colspan="2">194.3</td>
<td>290.2</td>
<td>166.2</td>
<td colspan="2">130.0</td>
<td colspan="2">621.3</td>
<td>535.7</td>
<td colspan="2">2,848.2</td>
<td>413.2</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>10,699.8</td>
<td>4,806.4</td>
<td colspan="3">5,893.4</td>
<td>n.a.</td>
<td colspan="2">194.1</td>
<td>n.a.</td>
<td>n.a.</td>
<td colspan="2">n.a.</td>
<td colspan="2">n.a.</td>
<td>n.a.</td>
<td colspan="2">3,125.0</td>
<td>n.a.</td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="even">
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="9"><p><sup>1</sup> Source: “Monthly Statement of the Public
Debt of the United States (MSPD).” Face value.</p>
<p><sup>2</sup> Sources: Federal Reserve Bulletin, table 1.18, Federal
Reserve banks, statement of condition, for System Open Market Accounts;
and the U. S. Treasury MSPD for intragovernmental holdings. Federal
Reserve holdings exclude Treasury securities held under repurchase
agreements.</p>
<p><sup>3</sup> Source: Federal Reserve Board of Governors, Flow of
Funds Table L.209.</p>
<p><sup>4</sup> Includes commercial banks, savings institutions, and
credit unions.</p>
<p><sup>5</sup> Source: “Monthly Statement of the Public Debt of the
United States.” Current</p>
<p>accrual value.</p>
<p><sup>6</sup> Includes U.S. Treasury securities held by the Federal
Employees Retirement System Thrift Savings Plan "G Fund."</p></td>
<td colspan="10"><p><sup>7</sup> Includes money market mutual funds,
mutual funds, and closed-end investment companies.</p>
<p><sup>8</sup> Source: Federal Reserve Board Treasury International
Capital Survey. Includes nonmarketable foreign series, Treasury
securities, and Treasury deposit funds. Excludes Treasury securities
held under repurchase agreements in custody accounts at the Federal
Reserve Bank of New York. Estimates reflect the 1989 benchmark to 1994,
the 1994 benchmark to September 2001, the March 2000 benchmark to
September 2002, the June 2002 benchmark to December 2003, the June 2003
benchmark to March 2004, the June 2004 benchmark to March 2005, the June
2005 benchmark to February 2006, and the June 2006 benchmark to February
2007. For additional information see:
http://www.treas.gov/tic/ticsec2.shtml.</p>
<p><sup>9</sup> Includes individuals, Government-sponsored enterprises,
brokers and dealers, bank personal trusts and estates, corporate and
non-corporate businesses, and other investors.</p></td>
</tr>
</tbody>
</table>