TREASURY MARKETABLE MATURITIES

Privately held, Excluding Bills
sai
e

ts7 2004 46, “y | 2013 .,,
i)
eee |_|
te | i |
= 2014 |
ae sap 2005 219 __I i=
ae :
ae | yO 2015
we | | | 65
aE i | L | _I |
ge a L 28 9016 178
gE I 2006 |
3
gE [ 2007 Te ss |
#E_ | 2008 | i |
73
:E a im 2017
a |
7
{| |g 2011 a | |
ef ] 2012 7 [es 2018 88
gE
iE | | |
J FMAM J JS A SON D J oF MAM J J AS ON D

Deparment ofthe Tress
Offee ce Marat Finance

IB Securities issued prior to 1993
dj New issues calendar year 1993

New issues calendar year 1994
EES3 Issued or announced through October 27, 1995

TREASURY MARKETABLE MATURITIES

Privately held, Excluding Bills

‘October 90 1805-28

f- taa 2019 188 2 2022 14. 192

a *

i H

aE 3 |
gE

E 2023 29

: |

aE 2020

BE 207

BE

g |
BE 97 28 | : .
: | | 2024

2 i

3 t10
SE 2021 wo |

a |

2 { iH

2 |

a i

2 | | 2025

2 f

| |

4 109 136 118 148

8

I |

: : i { | |

“TF MAM J J AS OND JF MAM J J AS ON OD

‘foo Maat Finance

HB Securities issued prior to 1993

New issues calendar year 1993

177 New issues calendar year 1994
[E59 Issued or announced through October 27, 1995

cote 30, 1905.28


TREASURY NET BORROWING FROM NONMARKETABLE ISSUES

$Bil. Bil.
-|8
+16
4
2 -j2
ohn 0
2 2
4 | 4
6h “ i | 6
6 [2] Savings Bonds “47 | |
= => 8
8 67 66
i] State and Local Series
10 }— —_ 89 =)
Ey Foreign series :
12 -- | -12
14 | i { i 14
Dim vet hom vei nom wet on om wt on om we
1991 1992 1993 1994 1995
@ estimate
operat ot Taney
Empl Non om

SALES OF UNITED STATES SAVINGS BONDS
1980 - 1995

SBil.

|
ae
| @rotai sales |
y | IN ; _
2b f VA, ALN J Payrel Stiee a
1 Caer a

Won scen seen Sees ee ee ee ee ee ee ee ee ee
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 95¢

End of Quarter

cba Tremay e estimate
Ofca of Maat Pnaren

‘oct 98, 1806-12


INTERMEDIATE TERM INTEREST RATES

Weekly Averages*

% %
7s
9 “Ns FHLMC 30-Year 9
Sey Conventional Through
sey US October 25
ens |
8 AA 10-Year Industrial *. 8
“ny, zs rae
7 7
6 6
5 5
Jan Feb Mar = Apr_—s May ~—dun Jul Aug Sep Oct
1995

* Salomon 10-yr. AA Industrial is a Thursday rate.

Dosanment of ne Treasury

%

MARKET YIELDS ON GOVERNMENTS

‘oaaber 30, 1995:20

6.0;—

jo an 9

]

|

hot
July 31, 1995 onl

aoe
<o}

oe

o

%o

901 09 92

aa

October 30, 1995 7.0 Lal”?
: ios ied ie + 55
i i
| | | {
| | 65 | 6s
| |
| | 60 Lt 60
| 102 YI We Pe AF es BY BO
5.0 - L 5.0
i) 2 3 4 5 6 7 8 9 10

Years to Maturity

Deparment of tu Treasury

Cceoher 20,1905:


QUARTERLY CHANGES IN FOREIGN AND INTERNATIONAL
HOLDINGS OF PUBLIC DEBT SECURITIES

$Bil. $Bil.
65}- —_ Nonmarketabie 65
cof a 60

55{—- Marketable 5 55
50}~ [2] Net Auction Awards to Foreign 1/ 50
45}— Wl Other Transactions 45
40

35
30
25
20

15
10

! Wom wot tom wor ow om wot hom wot ou m2/"
1991 1992 1993 1994 1995

1/ Auction awards to foreign official purchasers netted against holdings of maturing securities.
2/ Data through August 31, 1995.
st

Daparorant of te Troanry
nen ol ant Panes Ccteter 30, 1005-15

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

December 31, 1993 December 31, 1994 ‘August 31, 1995
sations | eet mea" sou [Asa % of |Ava% of [Ass % of [Aa 8 % of
i ions | Total | Total ||SBillione| Total” | Total
Country I Foreign | Private ‘Lrorelgn | Private | Foreign | Private
Japan $142.7 22.9% 4.7% || $175.4 25.5% 5.5% || $234.1 27.6% 7.1%
United Kingdom 68.4 11.0% 2.2% || 91.0 13.2% 2.9% || 1298 15.3% 3.9%
Germany | 464 7.4% © 1.5% |} 545 7.9% 1.7% 538 6.3% 1.6%
Netherland Antiles | 17.1 2.7% 0.6% || 278 4.0% 0.9% 34.0 4.0% 1.0%
Switzerland | 8 62% 1.1% || 324 4.7% 1.0% 33.8 4.0% 1.0%
Singapore | 182 29% 06%|) 219 3.2% 0.7% 32.1 3.8% 1.0%
OPEC | 26.8 4.3% 0.9% || 25.7 3.7% 0.8% 305 3.6% 0.9%
Canada | 228 3.7% 0.7% || 2468 3.6% 08% || 293 35% 09%
MainlandChina |, 460.7% = 0.2% |, 20.5 3.0% 0.6% || 25.0 2.9% 0.8%
Taiwan | 28.2 45% 0.9% || 25.8 3.7% 0.8% || 249 29% 0.8%
Spain | 812 6.0% 1.0% || 279 4.1% © 0.9% | 20.0 24% 0.6%
Hong Kong | 1387 22% 0.4% | 13.8 2.0% 0.4% | 19.1 2.2% 0.6%
Mexico | 232 3.7% 08% | 79 11% 0.2% | 155 1.8% 0.5%
Belgium 1 120 1.8% 0.4% || 131 1.9% 0.4% | 14.0 1.6% 0.4%
France 5 89 14% 08% | 97 14% 0.3% 99 1.2% 0.3%
Other | 1262 20.8% 4.1% | 1166 169% 3.7% | 143.4 16.9% 4.4%
Estimated [I | il
Foreign Total | 628.0 100.0% 20.4% || 688.6 100.0% 21.7% || 8492 100.0% 25.8%

Note: AP's are included in “other”. Detail may not add to totals due to rounding.
Source: Treasury Foreign Portfolio investment Survey benchmark as of end-year 1989

‘and monthly data collected under the Treasury International Capital reporting

system.
etaronat of i Touaury ct 20 1995-160


STATE & LOCAL GOVERNMENT SERIES

$Bil, $Bil.
.
LS * :
: *, . % :
10 LMF 10
. ‘se
Sy === Gross issues 7s
=== Redemptions
0 nen es SG GC SN GO 0
S$Bil. $Bil.
oO 0
5 445
m= Net SLGs
40 js es DS GN “40
ton om wor ow om wot nom wot oh om wot ono
1991 1992 1993 1994 1995
STATE AND LOCAL MATURITIES 1995-1997
SBil, $Bil.

12

10

Ocean Pecten ‘ocr, 195-14


SHORT TERM INTEREST RATES

Weekly Averages

% %
9f- Lo 9
cd
Prime Rate
Bt +18
| Through _|
7 Commercial October 25
Paper Federal Funds
- 4 +
Bt rte ar
*
5y- 3 Month 5
Treasury Bill
goed,
Jan Feb Mar Apr May — Jun Jul Aug Sep Oct
1995
Depart the Testy
Ofte are ance xtra, 00818

LONG TERM MARKET RATES

Quarterly Averages

% %
14 14
13 13
12 12
New Aa Corporates
"1 "1
on, ores
tol! ni ober25| 44
9 | 9
8 8
"
7 ao-vearW “HH fan 7
Treasury 30 why Nn
6 Municipal Bonds My 6
Many!
| |

{ i i
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995

Deparemant fhe Tess
(Ontca a Mare! Fnares ‘soba 9, 1905-12


TREASURY FINANCING REQUIREMENTS

July -September 1995

SBil. $Bil.
Uses 129% Sources
120 120
100 | 100
Coupon Maturities mp @ Coupon Refunding
8o|- 80
Savings Bonds
60 State and Local + 60
s 1
= a
40 - 40
Net Market Borrowing I
20 « Deficit = | 20
Decrease in Cash Balance »
° 0
“includes budget deficit, changes in accrued interest and checks
outstanding and minor miscellaneous debt transactions.
apres
Evaro Men br 90,1098
TREASURY FINANCING REQUIREMENTS
. October - December 1995 .
SBil, : SBil.
S 172) Sour
a Use: 172%. jources alas
150}~ -|150
tes}. Coupon Maturities » EEE @i Coupon Refunding Ss
Savings Bonds
we) State and Local 100
s |
75 a 75
50|_ Net Market 50
Borrowing » St
Poetic:
25
° 0)
\ Includes budget deficit, changes in accrued interest and checks
outstanding and minor miscellaneous debt transactions.
® Issued or announced through October 27, 1995.
% Assumes 8 $20 billion cash balance December 31, 1995,
parent Tansy
Bice sient ree

‘cco 90, 1995-2


AVERAGE LENGTH OF THE MARKETABLE DEBT

Privately Held
Years
June 1947
10 Years Months
10 5 Months September 30, 1995

iS
es ae

Hibitiitii dit thin |
2

5 Years, 4 Months

December 1975
2 Years
5 Months

Litt

1945 47 49 51 53 55

Ofce of Maret Finance

MATURING COUPON ISSUES
November 1995 - March 1996

(in millions of dollars)

57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93

Cceoter 3, 1095-24

September 30, 1995
Held by
Maturing Coupons Total Federal Reserve
& Government | Private | Foreign1/
Accounts investors | Investors

91/2% Note 11/15/95 7,319 273 7,046 1
81/2% Note 11/15/95 9,023 769 8,254 363
5 1/8% Note 11/15/95 19,187 3,081 16,106 1,033
11:1/2% Bond 11/15/95 1,482 63 1,419 oO
41/4% Note 11/30/95 18,604 752 17,852 1,679
41/4% Note 12/31/95 19,305 1,680 17,625 1,817
91/4% Note 01/15/96 7,421 1,228 6,193 279
71/2% Note 01/31/96 9,438 1,268 8,170 341
4% Note 01/31/96 18,414 339 18,075 3,017
87/8% Note 02/15/96 2/ 8,575 616 7,959 349
7 7/8% Note 02/15/96 9,055 1,427 7,628 1,525
45/8% Note 02/15/96 19,537 3,828 15,709 1,388
7 1/2% Note 02/29/96 9,622 1,256 8,366 817
45/8% Note 02/29/96 18,949 448 18,501 3,650
73/4% Note 03/31/96 9,081 1,119 7,962 605
5 1/8% Note 03/31/96 19,579 1,980 17,599 2.573

Totals 204,951 20,127 184,464 19,437

1/ FRB. custody accounts for foreign official institutions; included in Private Investors.
2/ includes $125 mitlion of foreign targeted Treasury note.

esarment oo Tsay


PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

sa BY MATURITY
i.

2870.8
ze00}- — [_] Over 10 years September 30, 1995 ———>

420.3
2600 |~
im 2-10 years

2400 [--
2200]- [| 1-2years
2000
Fee [J 4 year & under 983.2

9
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
As of December 31

eparmont fhe Traasry

* mr of Maret Fence ‘cesou 20, 1905.22

PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

Percent Distribution By Maturity

Coupons Clovertoyears [i 1-2 years Mis
1 2-10 years 1 year & under
100% t-
15
80
a4
60
ao ee ee eed ee ee be Z si
15
20
01984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Sep 95
As of December 31
oot Teeny
Esapriaent lion

cater 90, 1566:29



NET AWARDS TO FOREIGN OFFICIAL ACCOUNTS ”

SBil. ‘SBil.
10 -- 110
78
6
4
2
0
ak me {2
Notes = SI ESI 2 ms
4 {+ [2215 years and over | EE ‘ f.4
EZE] 2-3 years |
el. Bills 08, te le
= 42
8 H | | LI},
toi ali tot tt wv tu iw !ouomw ron i we
1991 1992 1993 1994 1995
Quarterly Totals
Y/ Noncompetitive awards to foreign official accounts held in custody at the Federal Reserve in
‘excess of foreign custody account holdings of maturing securities.
Once alienate” 4% Through October 27, 1995. ber 90, 190518
SHORT TERM INTEREST RATES
Quarterly Averages
% %
12 Prime Rate S12
Through
October 25

10

3 Month
4k Treasury Bill

geioitiiitisitiiitiietiri tire dir i tii ti titi
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995

Depurmont of tu Treasry
eno Mart rane cabo 96, 1005-17


SECURITIES HELD IN STRIPS FORM 1993-1995

Privately Held
SBil, $Bil.

Strippable Strippec
i | As of October 31, 1993: $687.4 billion, $201.1 billion

80 |- | As of October 31, 1994: $753.1 billion, $225.0 billion

[Bl] As of october 20, 1995: $800.1 billion, $224.6 billion

Less than 5 years 5-10 years 10-15 years 15-20 years 20-25 years 25-30 years
Years Remaining to Maturity

Note: The STRIPS program was established in February 1985. The 11 5/8% note of November 15,
1994, issued on November 15, 1984, was the first STRIPS-eligible security to mature.

Deproner ote Taney * Less than $3 million. citer 20, 008-0
SECURITIES HELD IN STRIPS FORM 1993-1995
Percent of Privately Held
% %
50 - PBB 4s of october 31, 1993
["] As of October 31, 1994
40/- [I As of october 20, 1995

Less than 5 years 5-10 years 10-15 years 15-20 years 20-25 years 25-30 years
Years Remaining to Maturity

Note: The STRIPS program was established in February 1985. The 11 5/8% note of November 15,
1994, issued on November 15, 1984, was the first STRIPS-eligible security to mature.

eparement of te Tansy
(Once o Mart en cb 9, 1005-10


SCHEDULE OF ISSUES TO BE ANNOUNCED AND AUCTIONED
IN NOVEMBER 1995”

Monday Tuesday Wednesday Thursday Friday
Announce Auction 8 Announce
3 year, 10 year, CMB 2/ 52 week
and CMB
6 10
Auction Auction Auction Holiday
3 year’/ 10 year! 52 week4/ y
13 14 15 16 17
20 at 22 23 24
‘Announce ;
2year Holiday
5 year
27 28 29 30
Auction Auction.
2yearY 5 year /
Does not include weekly bills
2/For settlement November 3
9/For settlement November 15
4/For settlement November 16
Deparment fe Tess §/For settlement November 30

Gon of Maret nance

November 3, 1988-20

SCHEDULE OF ISSUES TO BE ANNOUNCED AND AUCTIONED
IN DECEMBER 1995’

Monday Tuesday Wednesday Thursday Friday
1
Announce
52 week
4 5 6 7 8
Auction
52 week¥
"1 12 13 announce | 14 15
2year
5 year
18 19 20 at 22
Auction Auction
2yearY 5 year¥
25 26 27 28 29
Announce
Holiday 52 week 4/

Deparment he Tessuny

1/ Does not include weekly bills
.2/For settlement December 14
‘For settlement January 2

4 For auction January 4 and settlement January 11

November $, 1985-81


NET NEW CASH FROM NONCOMPETITIVE TENDERS IN
WEEKLY BILL AUCTIONS ”

SMil. Discount Rate %
uD Net New Cash (itt scale) Discount Rate (ight scale) © 16-5
600 i 26 week
Wh ia week

500 6.0
Al

0 55
300
200 f 5.0
100

45

0
-100
-200
-300
goo Voth

Oct Nov Dec Jan Feb = Mar Apr May = Jun Jul Aug = Sep Oct P
1994 1995
Y/ Excludes noncompetitive tenders from foreign official accounts and the Federal Reserve account.

Depart of he Treasury P Preliminary
Once cane ance tee 20. 896-7

NONCOMPETITIVE TENDERS IN TREASURY NOTES AND BONDS”

‘$Bil, ‘SBil.
n
35 [2] 2 &5 Year 135
(033, 10 & 30 Year
3.0 qu A 13.0
- fy rH
25h _ fly H {25
20 A {2.0
1.5[- n 115
1.0}- | 1.0
f|
i
0.5} il 05
o LL | L ! 0
OND TERA MTA SON DP ee
1993 1994 1995,
4 Excludes foreign add-ons from noncompetitive tenders p Preliminary

“Treasury increased the maxsmum noncompetti award to any noncompetitive bidder $5 milion afocive November, 1991

Effective February 11, 1992, a noncompetitive bidder may not hold # postion in Wl wading, futures, of forward contact,

‘or submit both competitive and noncompetitive bis for Ke own account

oar te Teaney

Onc oMaet Fane, oer 90. 1805.8


TREASURY OPERATING CASH BALANCE

. Semi- Monthly
‘$Bil. Without
[~ Tax and Loan k—'New —>)
Accounts Balance Borrowing 1/

Total Operating
Balance

+

0 cd

Federal Reserve Account
+20 --
40
-60
80 i | | ! ! | i | | ! | !
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1994 1995
y,
‘Assumes refunding of maturing issues.
Deoareent of Tray
(fen ot Maat Fnac tn 29, 100853

TREASURY NET MARKET BORROWING “

S$Bil. SBil.
Coupons
103.5 [2D over 10 yrs.
100 - fd 5-10 yrs. 2/ lo

[J 2-under 5 yrs

i { ! | 40
ono om Molo ot wil Hom Mot ot tm wee om. Ww37
1991 1992 1993 1994 1995
IY, Excludes Federal Reserve and Govemment Account Transactions
2/ 7 year note discontinued after Apri 1993.
3/ Issued or announced through October 27, 1995.

Deparment of te Taasuy
Ott or tt mr tober 3019854



TREASURY MARKETABLE MATURITIES

Privately held, Excluding Bills

TTTTT

1995

SBI
Ey
32
30
28
26
2
22
20
18
16
4
12
10

a
6
4
2
0
38
35
34
32
30
28
26
24
22
20
18
16
14
12
10
8
6
4
2
0

A

J F M A M J J Ss ° N D
MM Securities issued prior to 1993 [7] New issues calendar year 1994
FEI Now issues calendar year 1993 [521] lesued or announced through October 27, 1995
he ttc nan ber 30, 196-28
TREASURY MARKETABLE MATURITIES
sei Privately held, Excluding Bills
a sei 2001
2 295 B2 a6 ca
ol 2B
2 A as
6 26
FA
2 Fa
FA %
# %
is ee mv ‘as
ie 8
% if ]
H se
H a
2 2 HI = Ht
2 % 2002
2 ae
24 Ba
Fd AS 219
8 cf
3 we
2 tue oo} fa
BE ose “al ee ‘7
6 tof
i gE
3 Soe ii
T 7 7 8
HE 2S as woo uy, 91999. is ne ur os al HE 2003
Basle. os Hos Finn sf oz 18s 'aa' ho. 2
26
H SE |
8 Fl 29
: cis
5 ae
BE
te T BE
HE ne se ate neu ae
eka fies ho for BE
H s 3s 69
a oe i
3 fa ia
J oF MAM J J AS ON D J FMAM JJ AS ON D

IME Securities issued prior to 1993
New issues calendar year 1993

[=] New issues calendar year 1994

EES) Issued or announced through October 27, 1995


SCHEDULE OF ISSUES TO BE ANNOUNCED AND AUCTIONED

IN JANUARY 1996”
Monday Tuesday Wednesday Thursday Friday
1 2 3 4 5
, Auction
Holiday 52 week®
8 9 10 4 12
15 16 7 18 19
Announce
Holiday 2year
5 year
22 23 24 25 26
Auction Auction
2yearY 5 year ¥
29 30 31

Deparment of te Treasuty
Often ot Maret nance

/ Does not include weekly bills

2/For settlement January 11
‘For settlement January 31