->.._. — ,.

$Bil.

40

30

20

10

TREASURY FINANCING REQUIREMENTS

April - June 1982

Uses

Coupon Maturities!

Foreign

Nonmarketables

J Gov't Serie_s

*1 Public Series1/21!

41/2 Savings

Bonds

and Other

4 Cash Deficit

Sources

^Coupon Refundingl/

Net Market

Borrowing

Decrease in Cash Balance ||

1/ Includes 4 year note maturing June 30, 1982

but not refunded because of debt limit constraint.

Office of the Secretary of the Treasury

Office of GovernmentFinance & Market Analysis

$Bil.

40

30

20

10

0

July 27, 1982-21
$Bil.

70

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTS

July - September 1982

Uses

Coupon

Maturities ||

Foreign < Gov't Series

Nonmarketables-^ public 1-^4

I Series|HHHH"" 1 1 Va

I Cash Deficit

4 Increase in Cash Balance^

Sources

|Coupon Refunding^

1/2

Savings Bonds

and Other

Net Market

Borrowing <^

50V2

To Be

Done

33V4

Done^

17V4

xi

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

iy Excludes 4 year note maturing June 30, 1982 but not refunded

because of debt limit constraint.

2/ Assumes $20 billion cash balance September 30, 1982.

3/ Issued or announced through July 23, 1982.

$Bil.

70

60

50

40

30

20

10

0

July 27, 1982-22
$Bil.

20

10

TREASURY OPERATING CASH BALANCE

Semi-Monthly

TotalJk

*. Operating ji

Without New

^- Borrowing -*•

Tax and Loan J^ Balance t\ —

Accounts Balance^^^nk / \

%> vv. #**: ''5$?4 JNBiim \l/V X J&Si •

•

•

•

•

•

^S^^s^^^j ^Vffi,^,r^&aifajfl5ja^ •^••^'•tfte^ nviM'atotavff «few^fijJg»6yjj]i> • nfcMjf •

•

Federal Reserve Account •

•

•

•

•

•

•

•

•

•

•

•

• •

• •

• •

• •

• •

•

I l l l I 1 1 1 1 1 1 1 i i

-10-

-20

-30

Jul. Aug. Sept. Oct.

1981

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

Nov. Dec. Jan. Feb. Mar. Apr. May Jun.

1982

Jul. Aug. Sept.

Jury 27.1962-15
SCHEDULE OF COUPON ISSUES TO BE ANNOUNCED

AND AUCTIONED IN SEPTEMBER 19821

Monday Tuesday Wednesday Thursday Friday

6 7 8

Announce

2 year

9 10

13 14

Announce

4 year

7 year

20 yeara/

15

Auction

2 year«

16 17

20 21

Auction

4 Year?'

22

Auction

7 year4'

23

Auction

20 year^

24

1/ Does not include 5 year issue which will probably be announced in late August

2/ For settlement September 30

3/ Assuming bond authority legislation is enacted

4/ For settlement in early October

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis July 27, 1982-23
$Bil.

50

40

30

20

10

0

-10

-20L

TREASURY NET MARKET BORROWING^

Calendar Year Quarters

COUPONS

Over 10 yrs

^0-10 yrs.

BILLS

II III IV

1978

38.4 37.7

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

I II III IV I II III IV I II III IV

1979 1980 1981

1/ Excludes Federal Reserve and Government Account Transactions.

so y2

r-i33.2 To Be

Done

1982

$Bil.

50

40

30

20

10

0

10

•20

July 27, 1982-16
TREASURY NET BORROWING FROM NONMARKETABLE ISSUES

LTZ3 Savings Bonds

IState & Local Series

Foreign Nonmarketables

2.2

$Bil.

10

8

6

4

2

0

-2

-4

-6

-8h

I IK -.9 RR ~"-o iilli

-1.4

I II III IV

1978

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

I II III IV

1979

-4.2

I II III IV

1980

e estimate

-4.0

I II III IV

1981

-2.0 I

-2.5

$Bil.

-10

-8

6

4

0

-2

-4

--6

--8

I II III6

1982

July 27, 1982-4
QUARTERLY CHANGES IN FOREIGN AND INTERNATIONAL

HOLDINGS OF PUBLIC DEBT SECURITIES

16.9

14.9

1.4

Nonmarketable

Marketable

^ Add-ons^

^B Other Transactions

5.5

bs* ess;

M 8.6

$Bil.

20

16

12

8

4

0

-4

-8

-12

-16

-4.9

H

-5.0

-1.3

-3.8

-5.8

II III IV

1978

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

-13.3

II IV I

1979

II III

1980

IV II

1981

1/ F.R.B. Purchases of marketable issues as agents for foreign

and international monetary authorities for new cash.

2/ Partly estimated.

III IV

64 wzwi

-2.8

I II2/

1982

$Bil.

20

16

12

8

4

0

-4

-8

-12

-16

July 27. 1982-5
$Bil.

28

FOREIGN PARTICIPATION IN TREASURY AUCTIONS**

$Bil.

28

^ Add-ons

M Rollovers

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

Bills

III IV I II III IV

1980 1981

1/ Federal Reserve Bank purchases in Treasury auctions as agent

for foreign and international monetary authorities.

1982

July 27,1982-20
CUMULATIVE NET CASH FLOW IN SAVINGS BONDS*/

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

M J J A

Month of year

1/ Cash sales less redemptions

e July 1982 partly estimated

o

--10

D

-12

July 27, 1982-8
Percent

14

12

10

8

0

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

SERIES EE BOND YIELDS 1/

Illustrative average 5-year marketable rate-^

New market-based yield

(85% of 5-year rate)^

Present yield

4 5 6

Years

1/ Yields from issue date to redemption date

8

•14.0

-11.9

10

July 27, 1982-9
%

22h

20

18

16

14

12

10

8

Commercial^-* I

Paper *^

••••••••••,

6-

1_LL 111

1978

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

SHORT TERM INTEREST RATES

Monthly Averages

3 Month

Treasury Bill

11

1979

I I I I I I 1 I I I I

1980

111 11

1981

Through

July 23

I I I I I 1 I I I I I

1982

%

22

20

18

16

14

12

10

8

6

July 27, 1982-13
%

SHORT TERM INTEREST RATES

Weekly Averages

20-

10

\

8 I I I I I I I I ll I I II I I I I

Oct Nov Dec

1981

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

3 Month

Treasury Bill

%

- 20

18

Prime Rate

-16

- 14

\..' - 12

t

Through

week ending

July 21

I I I I I I I I I I I ill I I I ll I I I ll I I I Ill I I I

Jan Feb Mar Apr May Jun Jul

1982

10

8

July 27,1982-14
%

19-

17-

LONG MARKET RATES

Monthly Averages

%

17

15-

—

% Corporates* / \ /"\

A XJN ^ *•••%/

—

/a\ /rV* / \ J

r a/

/ IT\i / / New Conventional //\// \\./ / - Mortgages .*—*""/ l/ \"/

•

•

• vt

Through _

,.v s

July 23

Treasury 20-Year

| s^f ^ .. ./ I 20-Year

•••••••• Municipal Bonds

I I I I I I I I I I I I II ll I I I I I I I I I I I I I I I I I I 11111 I 111II

15

13-

11-

1978

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

1979 1980

-13

-11

-9

1981 1982

July 27, 1982-11
%

18-

INTERMEDIATE AND LONG MARKET RATES

Weekly Averages

New Aa

Corporates

t

Through

week ending

July 23

10 ll I I I ll I I I ll I I I I ll I I I ll I I I ll I I I ill I I I I I I I ill I I Ill I I I I

Oct Nov Dec Jan Feb Mar Apr May June July

1981 1982

%

18

17

16

15

14

13

12

11

10

Office of the Secretary of the Treasury

Office of Government Finance& Market Analysis July 27, 1982-12
MARKET YIELDS ON GOVERNMENTS

Bid Yields

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

10 12 14 16 18 20 22 24 26 28 30

4 5 6

Years to Maturity

June 25,1982

8

%

18

17

16

15

14

13

12

11

10

10

July 27,1982-19
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

$Bil.

600

500

400

300

200

100

0

COUPONS

Over 10 years

§2-10 years

^1-2 years

1 year & under

BILLS

1971 1972 1973 1974

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

1975 1976 1977

As of December 31

June 30, 1982 629.0

1978 1979 1980 1981

July 27, 1982-2
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

Coupons F|over 10 yrs ^1-2 yrs Bills)

|j 2-10 yrs ^ 1 yr & under

1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 June'82

As of December 31

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis July 27, 1982-3
AVERAGE LENGTH OF THE MARKETABLE DEBT

Privately Held

June 1947

10 Years

5 Months

Months

June 1982

48 Months

J I I I I I I L

JFMAMJJASOND

1945

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis July 27, 1982-1
OWNERSHIP OF MATURING COUPON ISSUES

August 1982 - December 1982^

(In Millions of Dollars)

Maturing Issues

Total

Privately

Held

Commercial

Banks

Savings Institutions State &

Local

General

Funds

Corpora

tions

Other

Private

Domestic

Holders

Foreign Longterm ll

Investors

Intermediateterm §/

Investors

8 1/8% Nt. 8/15/82

9% Nt. 8/15/82

11 1/8% Nt. 8/31/82

8 3/8% Nt. 9/30/82

11 7/8% Nt. 9/30/82

12 1/8% Nt. 10/31/82

7 7/8% Nt. 11/15/82

7 1/8% Nt. 11/15/82

13 7/8% Nt. 11/30/82

9 3/8% Nt. 12/31/82

15 1/8% Nt. 12/31/82

1754

2513

4557

2401

4570

4362

2122

2498

4546

2746

4491

610

830

1881

1101

1351

1103

843

728

1792

1130

1525

123

29

44

24

54

49

79

109

109

142

50

202

283

520

233

348

369

218

184

236

168

489

194

194

594

271

374

368

406

134

274

68

320

21

46

5

114

19

12

31

321

12

80

7

599

458

808

323

1295

1775

496

738

1584

843

1713

5

673

705

335

1129

686

49

284

539

315

387

TOTAL 36,560 12,894 812 3,250 3,197 668 10,632 5,107

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

1/ Amounts for investor classes are based on the May 1982 Treasury Ownership Survey.

21 Includes State and local pension funds and life insurance companies.

2/ Includes casualty and liability insurance companies, mutual savings banks, savings and loan

associations, and corporate pension trust funds.

July 27, 198218
TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

-,$Bil.

8.0

1987

5.5

4.1

m

2.9 2.4

3.3

2.2

1.0

1.7

2.7

4.0

1988

3.5

1989

4.7

m

1990

1991

1992

2.6

2.4

2.5

I

1.8

3.3 2.3

3.8

1

5.1

i

2.5

MAM J A S O N D FMAMJ JASOND

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

Securities issued prior to 1980

New issues calendar year 1980

New issues calendar year 1981

| Issued or announced through July 23, 1982 July 27, 1982-6
$Bil.

4

2

0

4

2

0

4

2

0

2

0

2

0

2

0

2

0

4

2

0

4

2

0

2

0

1.9

2.9

1.7

2

2.2

1.5

_ 1.8

TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

$Bil.

1993

1994

2.7

1995

1996

1997

1998

1999

2000

2001

1.7

2002

2.2

1.5

2.5

I

2.5

1.4

1.4

1.4

1.7

2

0

2 —

oL

o

2

0

4

2

0

4

2

0

4

2

0

4

2

0

4

2

0

4

2 —

oL

2.7

1.8

0

2003

2004

21 2005

3.9

I

1.9

2006

2007

2008

2009

2010

3 9 2011

2012

1.4

1.2

3.6

I

3.4

i

4.2

4.5

FMAMJJASOND

m Securities issued prior to 1980

^l New issues calendar year 1980

J F M A M J J

New issues calendar year 1981

A S O N D

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis 1 Issued or announced through July 23,1982 July 27, 1982-7
NET NEW MONEY IN AGENCY FINANCE, QUARTERLY

$Bil.

3

2

1

0

Privately Held

i$Bil.

FNMA FCA

mill. I ii

l.l.Illlllhlll

I II III IV I II III IV I II III IV I II III IV I lle III IV

1978 1979 1980 1981 1982

*Less than $50 million.

GNMA

Mor gage Backed Securities

II III IV

1978

Partly estimated.

I II III IV

1979

I II III IV I II III IV

1980 1981

1/ Includes FHLB discount notes, bonds, and FHLMC discount notes, debentures,

^%S£^^5EL*** certificates, mortgage-backed bonds, and mortgage participation certificates.

.1

I IIe III IV

1982

July 27, 1982-17
I II III IV I

Office of the Secretary of the Treasury

Officeof Government Finance& MarketAnalysis

AGENCY MATURITIES^

Privately Held

1.41.5H

III. .9 L3 .8 .9

IV I II III IV I II III IV

ill.

4

2

0

2

o

- 1990

•9 . R

• — M JL

1991

.9 1^ .9 • ••

1992 1993

.4

1994 1995

.1

1996 1997

1.2

2

o

1998

.1 2 .2 .1

1999

.1

2000 2001

_1 J.

2

n

2002

* ±

2003 2004 2005

.1 .1

2

2

2006

_1 A.

2007

.2 .1

2008

.2 3

2009

.3 .3

2010 2011 2012

.5

2013

.2

2 - 2014

.2

2015 2016 2017

I II III IV I II III IV I II III IV I II III IV

Calendar Years Quarterly

-^ Securities issued through June 30, 1982

* Less than $50 million. July 27, 1982-10