Treasury Financing Requirements 

October--December 2001 

$ billions USES SOURCES 

Deficit 1/ 45 

Marketables 2/ 52 

Increase in Cash Balance 8 

Nonmarketables 1 

Total 53 53 

1/ Includes budget results, direct loan activity, changes in accrued interest 

and checks outstanding and minor miscellaneous transactions. 

2/ Marketables net of $8.5 billion of buybacks. 

Totals may not add due to rounding. 
Treasury Financing Requirements 

January--March 2002 

$ billions USES SOURCES 

Deficit 1/ 88 

Marketables 60 

Nonmarketables 5 

Decrease in Cash Balance 2/ 32 

Total 93 93 

1/ Includes budget results, direct loan activity, changes in accrued interest 

and checks outstanding and minor miscellaneous transactions. 

2/ Assumes a March 31, 2002 cash balance of $20 billion. 

Totals may not add due to rounding. 
NET MARKET BORROWING

January-March 2002

Done 1/

Bills 

Coupons 

Total 

To be done 

Financing 

Total for the quarter 2/ 

$ billion 

Regular weekly -21.5 

52-week maturing -10.0 

2 year note 11.4 

5 year notes -23.6 

10 year IIN note 6.0 

30-year called bond -2.8 

-40.5 

100.7 

60.2 

1/ Issued or announced through January 25, 2002. 

2/ Assumes a March 31, 2002 cash balance of $20 billion. 
TREASURY OPERATING CASH BALANCE 

Daily 

$ billions 

Date FEDERAL RESERVE TAX AND LOAN TOTAL 

12/29/00 5.1 0.0 5.1 

1/2/01 7.0 31.8 38.9 

1/3/01 3.8 15.3 19.1 

1/4/01 4.6 12.9 17.4 

1/5/01 4.3 11.1 15.4 

1/8/01 6.3 13.4 19.7 

1/9/01 4.7 15.3 20.0 

1/10/01 5.2 16.6 21.8 

1/11/01 6.7 18.7 25.4 

1/12/01 5.8 22.8 28.6 

1/16/01 7.9 19.5 27.4 

1/17/01 8.0 27.0 35.0 

1/18/01 7.2 37.9 45.2 

1/19/01 6.7 44.1 50.8 

1/22/01 7.2 54.1 61.3 

1/23/01 7.7 59.6 67.2 

1/24/01 7.4 64.5 71.8 

1/25/01 8.0 67.7 75.6 

1/26/01 7.3 68.7 76.0 

1/29/01 14.5 67.8 82.2 

1/30/01 12.7 68.4 81.1 

1/31/01 5.3 61.6 66.8 

2/1/01 6.0 45.8 51.8 

2/2/01 4.5 23.6 28.0 

2/5/01 4.8 25.4 30.2 

2/6/01 5.8 21.2 27.0 

2/7/01 3.9 26.6 30.5 

2/8/01 5.2 25.4 30.6 

2/9/01 4.7 17.6 22.3 

2/12/01 4.4 24.6 29.0 

2/13/01 4.7 23.4 28.1 

2/14/01 6.7 24.6 30.2 

2/15/01 4.8 9.9 29.5 

2/16/01 5.4 5.0 10.4 

2/20/01 3.4 11.6 15.0 

2/21/01 4.1 8.7 12.8 

2/22/01 5.1 10.5 15.6 

2/23/01 4.6 5.2 4.6 

2/26/01 5.5 8.1 13.6 

2/27/01 4.8 6.7 11.4 

2/28/01 5.0 16.2 21.1 

3/1/01 5.3 7.8 13.1 

3/2/01 4.9 7.4 12.3 

3/5/01 4.9 6.7 11.5 

3/6/01 4.9 3.2 8.2 

3/7/01 5.1 6.2 11.3 

3/8/01 5.2 3.3 8.6 

3/9/01 4.3 1.1 5.4 

3/12/01 5.6 6.8 12.4 

3/13/01 5.8 4.7 10.6 

3/14/01 4.6 8.8 13.4 

3/15/01 6.9 0.0 6.9 

3/16/01 8.3 4.5 12.7 

3/19/01 5.8 9.5 15.3 

3/20/01 4.8 7.8 12.6 

3/21/01 4.7 9.8 14.5 

3/22/01 4.1 4.2 8.3 

3/23/01 4.9 0.4 5.4 

3/26/01 4.7 2.3 7.0 

3/27/01 4.1 0.5 4.5 

3/28/01 4.8 0.1 4.9 

3/29/01 7.5 32.6 40.1 

3/30/01 5.7 22.6 28.3 

4/2/01 4.7 1.8 6.5 

4/3/01 5.4 11.9 17.2 

4/4/01 5.1 15.0 20.1 

4/5/01 5.1 2.8 7.9 

4/6/01 5.1 1.6 6.6 

4/9/01 4.5 6.9 11.5 
4/10/01 5.2 6.1 11.3 

4/11/01 5.1 8.9 14.0 

4/12/01 4.8 2.9 7.7 

4/13/01 4.9 7.7 12.6 

4/16/01 6.0 7.8 13.8 

4/17/01 6.2 18.2 24.4 

4/18/01 6.8 27.8 34.6 

4/19/01 8.1 0.9 9.0 

4/20/01 6.4 11.7 18.1 

4/23/01 6.6 4.4 11.0 

4/24/01 6.8 28.3 35.6 

4/25/01 7.3 44.6 51.9 

4/26/01 8.0 49.4 57.4 

4/27/01 7.5 59.4 66.9 

4/30/01 7.9 57.2 65.1 

5/1/01 7.0 59.3 66.3 

5/2/01 5.7 67.6 73.3 

5/3/01 5.4 36.4 41.8 

5/4/01 5.1 38.0 43.1 

5/7/01 5.1 40.9 46.0 

5/8/01 5.2 40.8 46.0 

5/9/01 4.4 42.3 46.7 

5/10/01 5.9 34.4 40.3 

5/11/01 5.4 33.2 38.7 

5/14/01 3.7 37.4 41.1 

5/15/01 5.0 12.9 17.9 

5/16/01 5.3 18.9 24.2 

5/17/01 5.1 15.9 21.0 

5/18/01 5.1 16.3 21.4 

5/21/01 4.8 17.4 22.3 

5/22/01 5.0 14.3 19.3 

5/23/01 4.8 13.9 18.7 

5/24/01 5.1 11.9 17.0 

5/25/01 5.5 10.5 15.9 

5/29/01 4.8 13.3 18.2 

5/30/01 4.3 12.5 16.8 

5/31/01 4.4 1.9 6.3 

6/1/01 4.8 3.2 8.0 

6/4/01 4.9 5.0 9.9 

6/5/01 4.0 0.8 4.9 

6/6/01 5.9 3.2 9.1 

6/7/01 4.0 4.9 8.9 

6/8/01 5.1 4.1 9.2 

6/11/01 5.4 7.2 12.6 

6/12/01 4.9 7.2 12.2 

6/13/01 4.7 9.6 14.3 

6/14/01 4.9 2.9 7.8 

6/15/01 3.6 0.4 4.0 

6/18/01 7.2 7.3 14.5 

6/19/01 6.6 14.4 21.0 

6/20/01 6.8 22.1 28.9 

6/21/01 7.8 29.1 37.0 

6/22/01 6.3 32.9 39.2 

6/25/01 7.0 35.5 42.5 

6/26/01 6.6 34.4 41.0 

6/27/01 6.9 35.5 42.4 

6/28/01 6.9 42.1 48.9 

6/29/01 7.2 36.5 43.7 

7/2/01 5.3 13.1 18.4 

7/3/01 5.7 3.8 9.5 

7/5/01 5.1 13.5 18.7 

7/6/01 4.6 11.9 16.5 

7/9/01 4.7 14.9 19.7 

7/10/01 4.6 12.6 17.2 

7/11/01 5.4 13.0 18.5 

7/12/01 5.3 5.5 10.8 

7/13/01 4.6 7.2 11.7 

7/16/01 4.8 18.8 23.6 

7/17/01 5.1 18.4 23.5 

7/18/01 5.6 20.2 25.8 

7/19/01 5.5 26.8 32.3 

7/20/01 4.6 26.6 31.2 

7/23/01 5.4 27.7 33.2 
7/24/01 4.9 26.3 31.3 

7/25/01 4.7 27.1 31.8 

7/26/01 5.4 33.8 39.2 

7/27/01 5.1 35.9 41.0 

7/30/01 6.2 37.3 43.5 

7/31/01 5.6 17.5 23.1 

8/1/01 4.1 9.7 13.8 

8/2/01 5.5 26.2 31.7 

8/3/01 4.1 6.1 10.2 

8/6/01 4.5 6.3 10.8 

8/7/01 5.4 1.5 7.0 

8/8/01 4.8 1.8 6.6 

8/9/01 4.9 17.6 22.5 

8/10/01 5.4 17.9 23.3 

8/13/01 5.3 21.3 26.6 

8/14/01 5.1 20.7 25.8 

8/15/01 4.1 14.2 18.3 

8/16/01 5.2 35.8 41.0 

8/17/01 5.5 33.3 38.8 

8/20/01 5.1 32.8 37.9 

8/21/01 5.2 30.7 35.8 

8/22/01 5.1 32.0 37.1 

8/23/01 5.5 49.5 55.1 

8/24/01 4.9 50.8 55.6 

8/27/01 5.3 51.3 56.6 

8/28/01 4.9 49.5 54.4 

8/29/01 4.7 52.4 57.1 

8/30/01 6.1 49.4 55.5 

8/31/01 5.5 0.8 6.3 

9/4/01 4.1 1.5 5.6 

9/5/01 4.4 0.1 4.5 

9/6/01 5.2 5.6 10.7 

9/7/01 5.5 5.5 11.0 

9/10/01 5.2 6.2 11.5 

9/11/01 4.5 6.5 11.1 

9/12/01 6.0 5.9 11.9 

9/13/01 7.6 7.6 15.2 

9/14/01 5.1 12.7 17.9 

9/17/01 7.9 28.2 36.1 

9/18/01 7.8 31.4 39.2 

9/19/01 5.4 38.5 43.9 

9/20/01 8.9 39.4 48.3 

9/21/01 7.1 33.1 40.3 

9/24/01 8.7 40.2 48.9 

9/25/01 10.5 37.3 47.8 

9/26/01 9.7 39.1 48.8 

9/27/01 4.1 40.8 44.9 

9/28/01 9.8 34.4 44.2 

10/1/01 9.2 41.4 50.7 

10/2/01 5.4 45.0 50.4 

10/3/01 6.0 25.1 31.1 

10/4/01 4.3 19.0 23.3 

10/5/01 5.5 19.0 24.5 

10/9/01 4.2 22.6 26.9 

10/10/01 5.1 17.2 22.3 

10/11/01 5.0 23.9 28.8 

10/12/01 4.6 22.5 27.1 

10/15/01 4.6 30.9 35.6 

10/16/01 4.6 34.3 38.9 

10/17/01 5.0 34.9 39.9 

10/18/01 4.9 29.0 33.9 

10/19/01 5.9 31.4 37.2 

10/22/01 5.1 33.8 38.9 

10/23/01 5.2 32.8 38.0 
10/24/01 4.3 31.2 35.5 

10/25/01 5.2 30.4 35.6 

10/26/01 5.4 29.7 35.2 

10/29/01 4.4 31.9 36.3 

10/30/01 4.8 29.8 34.6 

10/31/01 5.1 22.5 27.6 

11/1/01 6.5 20.5 27.0 

11/2/01 4.6 1.8 6.4 

11/5/01 5.1 2.5 7.7 

11/6/01 4.4 0.1 4.4 

11/7/01 5.2 3.5 8.7 

11/8/01 5.3 19.0 24.3 

11/9/01 4.6 17.8 22.4 

11/13/01 3.8 20.2 24.0 

11/14/01 5.3 15.8 21.1 

11/15/01 5.0 18.1 23.1 

11/16/01 6.5 23.4 29.9 

11/19/01 5.0 24.5 29.5 

11/20/01 5.2 21.5 26.7 

11/21/01 4.6 23.2 27.9 

11/23/01 5.2 46.1 51.3 

11/26/01 5.6 46.2 51.8 

11/27/01 5.3 42.5 47.8 

11/28/01 4.3 41.1 45.4 

11/29/01 5.2 43.2 48.4 

11/30/01 6.2 24.3 30.5 

12/3/01 4.6 1.3 5.9 

12/4/01 5.2 0.5 5.8 

12/5/01 4.8 0.4 5.2 

12/6/01 5.9 6.2 12.1 

12/7/01 5.0 5.9 11.0 

12/10/01 4.9 8.2 13.2 

12/11/01 4.6 5.9 10.5 

12/12/01 4.6 6.4 10.9 

12/13/01 5.1 4.0 9.2 

12/14/01 4.5 9.3 13.8 

12/17/01 8.0 47.7 55.6 

12/18/01 7.3 48.6 55.8 

12/19/01 7.2 51.5 58.7 

12/20/01 5.2 43.8 49.0 

12/21/01 4.5 45.4 49.9 

12/24/01 4.5 52.0 56.5 

12/26/01 4.9 49.5 54.4 

12/27/01 4.5 44.7 49.2 

12/28/01 5.6 47.8 53.3 

12/31/01 6.6 45.7 52.4 

1/2/02 7.4 44.7 52.1 

1/3/02 4.6 23.2 27.8 

1/4/02 5.5 22.4 27.9 

1/7/02 4.4 25.6 30.0 

1/8/02 4.7 24.0 28.7 

1/9/02 5.1 23.7 28.8 

1/10/02 4.9 15.0 19.9

1/11/02 5.1 15.4 20.5

1/14/02 4.8 22.3 27.0

1/15/02 8.4 37.6 45.9

1/16/02 6.7 48.5 55.2

1/17/02 7.9 35.6 43.5

1/18/02 6.4 40.3 46.7

1/22/02 6.3 49.5 55.8

1/23/02 9.9 60.1 70.0

1/24/02 7.3 59.4 66.7

1/25/02 7.2 60.0 67.2

1/28/02

1/29/02

1/31/02

2/15/02 -21 

2/28/02 -48 

3/15/02 -78 

3/29/02 -81 

Without New Borrowing

Forecasted data points are semi-monthly.
Treasury Net Market Borrowing 

$ billions 

Bills 2-under 5 years 5-10 years over 10 years Buybacks To be done Totals 

Calendar Year Quarters 

1997 1Q 8.1 13.5 17.3 5.7 44.6 

2Q -81.4 0.6 9.3 0.0 -71.5 

3Q -2.2 -0.8 6.4 3.1 6.5 

4Q 13.5 -2.1 3.0 2.6 17.0 

1998 1Q 4.7 -14.1 16.9 2.8 10.3 

2Q -79.0 -18.6 -8.7 8.4 -97.9 

3Q -3.5 -9.3 -37.1 11.1 -38.8 

4Q 53.3 -5.9 -26.5 3.1 24.0 

1999 1Q 34.5 -1.8 -29.4 2.5 5.8 

2Q -77.7 -0.1 -43.4 7.4 -113.8 

3Q 5.3 3.4 -27.4 2.8 -15.9 

4Q 83.9 0.6 -44.9 7.4 47.0 

2000 1Q 16.2 -1.6 -34.7 2.0 -2.0 -20.1 

2Q -123.4 -5.5 -49.5 -2.7 -11.0 -192.1 

3Q -13.8 -26.6 -4.8 5.8 -8.3 -47.7 

4Q 30.7 -30.9 -22.1 5.0 -8.8 -26.1 

2001 1Q 65.2 -29.2 -19.5 9.4 -8.0 17.8 

2Q -92.0 -34.1 -26.4 -1.8 -9.3 -163.4 

3Q 114.8 -10.3 -26.1 3.8 -7.8 74.4 

4Q 76.4 65.7 -84.7 3.3 -8.5 52.1 

2002 1Q -31.5 11.4 -17.6 -2.8 100.7 60.2 estimate 

Issued or announced through Friday, January 25, 2002 
Net Strips Outstanding (1991-2002), End of Quarter 

Calendar Year $ billions 

1991 1Q 

2Q 

3Q 

4Q 

1992 1Q 

2Q 

3Q 

4Q 

1993 1Q 

2Q 

3Q 

4Q 

1994 1Q 

2Q 

3Q 

4Q 

1995 1Q 

2Q 

3Q 

4Q 

1996 1Q 

2Q 

3Q 

4Q 

1997 1Q 

2Q 

3Q 

4Q 

1998 1Q 

2Q 

3Q 

4Q 

1999 1Q 

2Q 

3Q 

4Q 

2000 1Q 

2Q 

3Q 

4Q 

2001 1Q 

. 2Q

3Q

4Q

2002 1Q

123.4 

126.8 

130.6 

133.2 

138.4 

140.1 

153.4 

162.7 

172.8 

189.4 

199.6 

204.5 

219.5 

219.9 

223.3 

225.2 

226.6 

225.7 

224.7 

221.6 

225.4 

227.0 

227.6 

223.2 

227.1 

229.1 

232.5 

232.9 

233.7 

228.0 

228.3 

226.3 

222.6 

222.0 

216.7 

209.5 

203.5 

202.4 

195.8 

183.5 

179.7 

174.7 

172.5 

167.0 

164.4 As of January 24 

* Strips program began February 15, 1985. 

Reconstitution began May 1, 1987. 
Treasury Net Borrowing From NonMarketable Issues 

$ billions 

Calendar Year Savings Bonds Foreign Series State and Local Government Series Total 

I -2.7 -0.7 3.5 0.1 1997 

II -2.4 -0.8 3.1 -0.1 

III -2.4 -0.5 3.9 1.0 

IV -1.9 1.2 12.3 11.6 

I -2.7 0.2 15.1 12.6 1998 

II -2.5 -0.3 15.8 13.0 

III -2.4 -0.9 9.5 6.2 

IV -1.5 0.7 0.7 -0.1 

I -2.4 -0.8 2.3 -0.9 1999 

II -2.2 -1.3 5.1 1.6 

III -2.4 0.1 -4.5 -6.9 

IV -1.9 0.7 -2.4 -3.6 

I -3.3 -0.9 -3.8 -8.0 2000 

II -2.7 -0.6 -1.7 -5.0 

III -2.4 -0.4 -7.3 -10.1 

IV -1.7 1.7 -2.3 -2.2 

I -2.2 -1.1 1.9 -1.4 2001 

II -1.4 -0.7 0.4 -1.7 

III -1.4 -2.4 -6.8 -10.6 

IV 1.8 -1.0 -0.1 0.7 

I Estimate -1.0 0.4 -4.9 -5.4 2002 
STATE & LOCAL SERIES--ISSUES, REDEMPTIONS AND NET 

END OF QUARTER 

CY Gross Issues 

1997 1Q 8.9 

2Q 9.6 

3Q 14.5 

4Q 21.3 

1998 1Q 23.5 

2Q 25.8 

3Q 21.6 

4Q 10.5 

1999 1Q 11.2 

2Q 13.1 

3Q 8.8 

4Q 6.5 

2000 1Q 4.6 

2Q 8.3 

3Q 5.0 

4Q 8.1 

2001 1Q 14.6 

2Q 15.0 

3Q 13.8 

4Q 19.1 

$billions 

Redemptions Top Panel 

5.4 

6.5 

10.6 

9.0 

8.4 

10.0 

12.1 

9.8 

8.9 

8.0 

13.3 

8.9 

8.4 

10.0 

12.3 

10.4 

12.8 

14.7 

20.6 

19.2 

Net SLGs Bottom Panel 

1997 1Q 3.5 

2Q 3.1 

3Q 3.9 

4Q 12.3 

1998 1Q 15.1 

2Q 15.8 

3Q 9.5 

4Q 0.7 

1999 1Q 2.3 

2Q 5.1 

3Q -4.5 

4Q -2.4 

2000 1Q -3.8 

2Q -1.7 

3Q -7.3 

4Q -2.3 

2001 1Q 1.9 

2Q 0.3 

3Q -6.8 

4Q -0.1 
Quarterly Changes in Foreign and International Holdings of Marketable Treasury Securities 

Calendar Quarter $ billions 

I 56.1 1997 

II 26.5 

III 48.3 

IV 9.9 

I 8.7 1998 

II 5.9 

III -30.9 

IV 55.3 

I -5.7 1999 

II -10.9 

III 22.6 

IV -13.1 

I 7.8 2000 

II -24.2 

III -21.4 

IV -25.4 

I -2.3 2001 

II -28.7 

III 5.1 

IV 48.9 

Data through November 30, 2001 
 FOREIGN HOLDINGS AS A PERCENT OF TOTAL PRIVATELY HELD PUBLIC DEBT 1/ 

PERCENT 

Calendar Quarter 

1986 1Q 15.8 

2Q 16.7 

3Q 17.1 

4Q 16.4 

1987 1Q 16.6 

2Q 17.0 

3Q 16.6 

4Q 17.3 

1988 1Q 18.7 

2Q 19.3 

3Q 19.0 

4Q 19.5 

1989 1Q 19.6 

2Q 19.2 

3Q 20.0 

4Q 21.1 

1990 1Q 21.0 

2Q 21.1 

3Q 21.0 

4Q 21.1 

1991 1Q 20.8 

2Q 20.9 

3Q 20.3 

4Q 20.2 

1992 1Q 20.1 

2Q 20.6 

3Q 20.2 

4Q 20.3 

1993 1Q 20.2 

2Q 20.2 

3Q 20.7 

4Q 21.3 

1994 1Q 21.3 

2Q 21.3 

3Q 21.8 

4Q 21.0 

1995 1Q 21.8 

2Q 23.4 

3Q 25.0 

4Q 25.3 

1996 1Q 26.8 

2Q 27.7 

3Q 29.3 

4Q 32.1 

1997 1Q 33.5 

2Q 35.0 

3Q 36.2 

4Q 36.4 

1998 1Q 36.4 

2Q 37.5 

3Q 36.9 

4Q 38.4 

1999 1Q 38.2 

2Q 39.3 

3Q 40.4 

4Q 39.2 

2000 1Q 40.0 

2Q 41.8 

3Q 41.7 

4Q 41.7 

2001 1Q 41.4 

. 2Q 42.9 

3Q 42.2 

4Q 42.8 

1/ Privately held debt excludes holdings of the Federal Reserve. 

Data through November 30, 2001. 
Major Foreign Holders of Treasury Securities 

November 30, 2001 December 31, 2000 December 31, 1999 

$ billions As a percent of As a percent of $ billions As a percent of As a percent of $ billions As a percent of As a percent of 

Total Foreign Total Private Total Foreign Total Private Total Foreign Total Private 

Japan $335.0 27.6% 11.8% $335.9 28.0% 11.7% $320.0 25.2% 9.9% 

UK 198.9 16.4% 7.0% 207.3 17.3% 7.2% 242.7 19.1% 7.5% 

Germany 86.2 7.1% 3.0% 88.6 7.4% 3.1% 96.8 7.6% 3.0% 

China 65.9 5.4% 2.3% 48.3 4.0% 1.7% 51.8 4.1% 1.6% 

OPEC 50.5 4.2% 1.8% 52.9 4.4% 1.8% 43.5 3.4% 1.3% 

Hong Kong 48.9 4.0% 1.7% 44.7 3.7% 1.6% 46.7 3.7% 1.4% 

Korea 34.3 2.8% 1.2% 32.0 2.7% 1.1% 26.1 2.1% 0.8% 

Mexico 27.5 2.3% 1.0% 29.8 2.5% 1.0% 34.0 2.7% 1.1% 

Belgium-Luxemburg 21.8 1.8% 0.8% 28.9 2.4% 1.0% 28.0 2.2% 0.9% 

Taiwan 20.5 1.7% 0.7% 19.1 1.6% 0.7% 29.3 2.3% 0.9% 

France 17.8 1.5% 0.6% 20.4 1.7% 0.7% 31.0 2.4% 1.0% 

Italy 18.1 1.5% 0.6% 20.0 1.7% 0.7% 18.0 1.4% 0.6% 

Spain 18.0 1.5% 0.6% 21.5 1.8% 0.7% 22.2 1.7% 0.7% 

Singapore 16.2 1.3% 0.6% 23.6 2.0% 0.8% 30.7 2.4% 0.9% 

Switzerland 14.7 1.2% 0.5% 13.5 1.1% 0.5% 26.3 2.1% 0.8% 

Canada 13.3 1.1% 0.5% 17.6 1.5% 0.6% 18.6 1.5% 0.6% 

Netherlands-Antilles 8.7 0.7% 0.3% 17.1 1.4% 0.6% 11.9 0.9% 0.4% 

Other 216.4 17.8% 7.6% 180.1 15.0% 6.3% 191.1 15.1% 5.9% 

Estimated 

Foreign Total 1212.7 100.0% 42.8% 1201.3 100.0% 41.7% 1268.7 100.0% 39.2% 

Source: Treasury Foreign Portfolio Investment Survey benchmark December 1994 and monthly data collected under 

the Treasury International Capital reporting system. 
Privately Held Treasury Marketable Debt 1/ 

Percent Distribution By Maturity 

As of Bills Under 1 yr 1-2 yrs 2-10 yrs Over 10 yrs Total 

December 31

1993 21 13 13 37 16 100

1994 20 13 17 35 15 100

1995 20 16 16 34 14 100

1996 19 16 17 33 15 100

1997 17 17 17 34 15 100

1998 17 17 16 34 16 100

1999 20 16 16 31 17 100

2000 18 18 14 31 19 100

2001 25 13 14 29 19 100

1/ Privately held marketable debt excludes holdings of the Federal Reserve and 

non-interest-bearing matured debt. 
AVERAGE LENGTH OF THE MARKETABLE DEBT--PRIVATELY HELD 1/ 

Excludes inflation-indexed securities 

AS OF DECEMBER 31 MONTHS

1945 115.88

46 124.17

47 121.49

48 106.32

49 101.15

1950 99.99

51 76.67

52 66.49

53 63.85

54 72.57

1955 71.24

56 64.37

57 59.14

58 62.21

59 54.83

1960 58.35

61 55.84

62 60.44

63 63.12

64 63.53

1965 63.31

66 59.08

67 53.10

68 49.29

69 44.98

1970 40.99

71 40.09

72 35.84

73 35.01

74 33.15

1975 28.90

76 33.28

77 35.40

78 39.54

79 44.84

1980 44.90

81 48.11

82 45.88

83 50.62

84 55.49

1985 59.89

86 64.61

87 68.70

88 70.07

89 72.70

1990 71.44

91 71.81

92 70.05

93 67.65

94 65.84

1995 62.87

96 62.80

97 64.90

98 66.23

99 66.23

2000 69.77

MONTHLY DATA FOR CHART INSERT 

Dec-00 69.77 

31-Jan-01 68.90 

28-Feb-01 70.25 

31-Mar-01 69.04 

30-Apr-01 71.34 

31-May-01 71.83 

30-Jun-01 71.74 

31-Jul-01 70.21 

31-Aug-01 68.67 

30-Sep-01 68.67 

31-Oct-01 67.90 

30-Nov-01 66.23 

31-Dec-01 65.66 

1/ Excludes inflation-indexed securities(IIS). Including IIS the average 

length was 5 years and 10 months as of December 31, 2001. 
MATURITY PROFILE--OUTSTANDING TREASURY MARKETABLE COUPON SECURITIES 2002-2012 

$ billions 

End of Calendar Year I-Q II-Q III-Q IV-Q Total 

2002 100.7 99.3 125.6 84.9 410.5 

2003 112.3 83.4 110.8 112.1 418.7 

2004 60.0 41.7 35.4 59.5 196.7 

2005 16.1 50.6 24.3 47.4 138.3 

2006 20.3 47.4 22.7 45.3 135.7 

2007 30.8 14.0 25.6 10.1 80.5 

2008 32.1 27.2 11.9 25.1 96.3 

2009 17.2 19.3 31.8 5.0 73.3 

2010 35.3 0 22.4 0 57.8 

2011 34.7 0 26.6 0 61.3 

2012 6.0 0 0 0 

Issued or announced through January 25, 2002.

Note: Where applicable, maturities represent first call date.

MATURITY PROFILE--OUTSTANDING TREASURY MARKETABLE COUPON SECURITIES 2013-2032 

$ billions 

End of Calendar Year 

2013 

2014 

2015 

2016 

2017 

2018 

2019 

2020 

2021 

2022 

2023 

2024 

2025 

2026 

2027 

2028 

2029 

2030 

2031 

2032 

I-Q II-Q III-Q IV-Q Total 

0 0 0 0 0 

0 0 0 0 0 

10.8 0 4.0 5.6 20.4 

5.5 18.8 0 18.8 43.1 

0 15.6 11.2 0 26.8 

0 6.8 0 7.2 14.0 

13.3 0 18.9 0 32.3 

9.7 7.7 17.3 0 34.6 

10.2 10.2 9.9 30.6 60.9 

0 0 10.2 7.4 17.7 

16.2 0 22.7 0 38.8 

0 0 0 9.7 9.7 

10.0 0 11.3 0 21.3 

12.8 0 9.0 10.9 32.7 

9.6 0 9.4 22.0 41.0 

0 18.5 11.8 10.9 41.2 

11.4 21.3 11.2 0 43.8 

0 17.0 0 0 17.0 

16.4 0 0 0 16.4 

0 5.0 0 0 5.0 

Issued or announced through January 25, 2002. 

Note: Where applicable, maturities represent first call date. 

6.0