S. Treasury Borrowing
01020304050

Marketables

e in Cash

ance

Nonmarketables

Deficit

1

TREASURY FINANCING REQUIREMENTS

October — December 2001

January 28, 2002-1

1

Uses Sources

53

52 2

1

2

$Bil.

45

 Marketables net of $8.5 billion of buybacks.

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

and checks outstanding and minor miscellaneous transactions.
020406080

Marketables

Decrease in

Cash Balance 

ketables

Deficit

32

TREASURY FINANCING REQUIREMENTS

January — March 2002

January 28, 2002-2

1

Uses 93 Sources

60

1

2

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

$Bil.

88

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

and checks outstanding and minor miscellaneous transactions.

 Note: Totals do not add due to rounding.
 (Billions of Dollars)

NET MARKET BORROWING

January – March 2002

January 28, 2002-3

Issued or announced through January 25, 2002.

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

Done

Bills

Regular weekly -21.552 week maturing -10.0

Coupons

2-year note 11.45-year notes -23.610-year IIN 6.0Called bond -2.8

Total -40.5

To be done 100.7Total for the quarter 60.2

1

1

2

2
TREASURY OPERATING CASH BALANCE

Daily

January 28, 2002-4

1

Without

New

Borrowin

g

Federal Reserve Account

Tax and Loan

Accounts Balance

1 Forecasted data points are semi-monthly.

b Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Mar Feb

2001 2002

Total Operating

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

-200-160-120-80-4004080120

97.9

-38.8

24.0

5.8

-113.8

-15.9

47.0

-20.1

-192.1

-47.7 -26.1

17.8

-163.4

74.4

52.1

60.2

TREASURY NET MARKET BORROWING

$Bil.

to be

done

January 28, 2002-5

e

e estimate

1998 1999 2000 2001 2002

Bills

Coupons

2 - under 5 yrs

5 - 10 yrs

Over 10 yrs

Buybacks
050100150200

NET STRIPS OUTSTANDING (1985-2002)* 

End of Calendar Quarter

January 28, 2002-6

$Bil.

*Strips program began February 15, 1985.

Reconstitution began May 1, 1987.

987 1989 1991 1993 1995 1997 1999 2001
III IV I II III IV I II III IV I II III IV I 

-15-10-5051015

6.2

-0.1

-0.9

1.6

-6.9

-3.6

-8.0

-5.0

-10.1

-2.2 -1.4

-1.7

-10.6

0.7

-5.4

e estimate

$Bil.

 NET BORROWING FROM NONMARKETABLE ISSUES

January 28, 2002-7

e

State and Local SeriesForeign Series

Savings Bonds

98 1999 2000 2001 2002
0510152025 Gross Issues

Redemptions

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

-10-50510

TATE & LOCAL GOVERNMENT SERIES (SLGS)

$Bil.

$Bil.

Net SLGS

January 28, 2002-8

7 1998 1999 2000 2001
ERLY CHANGES IN FOREIGN AND INTERNATIONAL

DINGS OF MARKETABLE TREASURY SECURITIES

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

-40-200204060 

8.3

9.9 8.7 5.9

-30.9

55.3

-5.7

-10.9

22.6

-13.1

7.8

-24.2

-21.4

-25.4

-2.2

-28.7

5.1

48.9

January 28, 2002-9

1 Data through November 30, 2001.

1

$Bil.

7 1998 1999 2000 2001
1618202224262830323436384042

REIGN HOLDINGS AS A PERCENT OF TOTAL

PRIVATELY HELD PUBLIC DEBT

Quarterly

January 28, 2002-10

Percent

1

1 Privately held debt excludes holdings of the Federal Reserve.

Data through November 30, 2001.

1994 1995 1996 1997 1998 1999 2000 2001
R FOREIGN HOLDERS OF TREASURY SECURITIES

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

As a % of As a % of As a % of As a % of As a % of As a % of

$ Billions Total Total $ Billions Total Total $ Billions Total Total

Foreign Private Foreign Private Foreign Private

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

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

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

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

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

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

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

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

mburg 21.8 1.8% 0.8% 28.9 2.4% 1.0% 28.0 2.2% 0.9%

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

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

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

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

16.2 1.3% 0.6% 23.6 2.0% 0.8% 30.7 2.4% 0.9%14.7 1.2% 0.5% 13.5 1.1% 0.5% 26.3 2.1% 0.8%

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

tilles 8.7 0.7% 0.3% 17.1 1.4% 0.6% 11.9 0.9% 0.4%

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

$1,212.7 100.0% 42.8% $1,201.3 100.0% 41.7% $1,268.7 100.0% 39.2%

Source: Treasury Foreign Portfolio Investment Survey benchmark December 1994

and monthly data collected under the Treasury International Capital reportingsystem.

ry

January 28, 2002-11
1994 1995 1996 1997 1998 1999 2000

020406080

100%

IVATELY HELD TREASURY MARKETABLE DEBT

Percent Distribution By Maturity

1

Coupons

As of December 31

January 28, 2002-12

19

29

13

25

14

Over 10 years

2-10 years

1-2 years1 year & under

Bills

2001

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

non-interest-bearing matured debt.
ERAGE LENGTH OF THE MARKETABLE DEBT

Privately Held

January 28, 2002-13

1

J FMAMJ J ASOND 64

666870

Months

December 30, 2001

5 Years, 6 Months

As of December 31 

Excludes inflation-indexed securities (IIS). Including IIS the average length was 5 years and

 10 months as of December 31, 2001.

0 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000
003 2004 2005 2006 2007 2008 2009 2010 2011 2012

050100150200250300350400

MATURITY PROFILE

Outstanding Treasury Marketable Coupon Securities

January 28, 2002-14

$Bil.

End of Calendar Year

Note: Where applicable, maturities represent first call date.

1st Quarter

2nd Quarter3rd Quarter4th Quarter

1

1 Issued or announced through January 25, 2002.
2015 2017 2019 2021 2023 2025 2027 2029 2031

0102030405060

MATURITY PROFILE

Outstanding Treasury Marketable Coupon Securities

January 28, 2002-15

$Bil.

End of Calendar Year

Note: Where applicable, maturities represent first call date.

1

 Quarter

d Quarter

d Quarter

h Quarter

1 Issued or announced through January 25, 2002.