TREASURY CASH BALANCE AND NET MARKET BORROWING

1 II III

1980

IV I II III

1981

IV I

e estimate

II III

1982

IV I II III

1983

IVe

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis October 25, 1983-20
TREASURY NET BORROWING FROM NONMARKETABLE ISSUES

—i $Bil. $Bil

2.2

0

-2

j*5

J^-1.4 -.9

-4

-6

-8

II III IV

1979 Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

j [Savings Bonds

g^g State & Local Series

H| Foreign Nonmarketables

KKM

ZB

-1.4

-2.4

-2.2

-1.9

-4.0

I II III IV I II III IV

1980 1981

e estimate

5.9

1

2.5

2.8

nm

-2.0HI11 • mA "1.0 -2.5 "-4

I II III IV

1982

I II III IVe

1983

October 25, 1983-12

0

-2

-4

-6

-8
QUARTERLY CHANGES IN FOREIGN AND INTERNATIONAL

HOLDINGS OF PUBLIC DEBT SECURITIES

$Bil. $Bil.

Nonmarketabie

12 12

Marketable

Add-ons-L/ 8.0 o g

Other Transactions **

5.4

8.8 <L7

-12

-16

-13.2

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

1979 1980 1981 1982

JF.R.B. purchases of marketable issues as agents for foreign and international

monetary authorities which are added to the announced amount of the issue. Office of the Secretary of the Treasury . . J.-.-J

Office of Government Finance &Market Analysis —'raftly eStimaTed.

i ii \\\u

1983

-12

-16

October 25, 1983-4
SHORT TERM INTEREST RATES

Monthly Averages

%

22

1979

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

Prime Rate

1980 1981 1982

Through

October 21"

>CS«3^

1983

%

22

20

18

16

14

12

10

8

6

4

October 25, 1983-8
%

12

11

8

.....*•—••...,V

SHORT TERM INTEREST RATES

Weekly Averages

SV

Prime Rate

'•••••••C':::^,#3Month

Treasury Bill

.»•••-

X "V

Through

week ending

October 19

. TM.M... _

12

11

10

8

Jan Feb Mar Apr May June

1983

Jul Aug Sep Oct

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis October 25, 1983-7
1979

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

LONG MARKET RATES

Monthly Averages

1980 1981 1982 1983

October 25, 1983-5
%

14

13

8

INTERMEDIATE AND LONG MARKET RATES

Weekly Averages

Treasury \

20-Year

i I I lii I I I

New Aa

Corporates

I I l l ll i

Jan Feb Mar Apr

Municipal Bonds

20-Year

May Jun

1983

Jul

Through

week ending

October 21

Aug Sep Oct

%

14

13

12

11

10

8

7

Olfice of tiie Secretary of the Treasury

Office of Government Finance & Market Analysis October 25, 1983-6
$Bil

70

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTS

July - September 1983

Uses

Coupon Maturities^

Increase in

Cash Balance

Cash Deficit

71 y2

Sources

[^Coupon Refunding

State and Local

2

Savings Bonds

and Other

Net Market t

Borrowing t

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

$Bil.

70

60

50

40

30

-20

10

•JO

October 25, 1983-17
$Bil.

90

80

70

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTS

October-December 1 983 ^

Uses

Coupon Maturities^

Foreign Nonmarketables

13/4

1/2

State and Local

4 Cash Deficit

803/4

Sources

^ Coupon Refunding

Savings Bonds

1V4

Net Market a .7 J

Borrowing W** i

Decrease in 4

Cash Balance^

y Excludes the 2 and 4 year notes settling January 3, 1984.

y Issued or announced through October 21, 1983.

& Assumes a $15 billion cash balance December 31,1983.

Office of the Secretary of Ihe Treasury

Office of Government Finance & Market Analysis

$Bil.

90

80

70

60

50

40

30

20

10

0

October 25, 1983-18
$Bil.

-10

-20

TREASURY OPERATING CASH BALANCE

Semi-Monthly

,»"»i«.iiim"'»iiin,.1«»"* '« m«"" >""" "

Federal Reserve Account

Tax and Loan

Accounts Balance!

♦-Without New-*-

Borrowing_L/

\ /

-30 Oct Nov Dec Jan Feb Mar Apr May Jun Jul

1982 1983

_i/ Assumes refunding of maturing issues

Aug Sep Oct Nov Dec

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis October 25, 1983-19
TREASURY NET MARKET BORROWING^

Calendar Year Quarters

I II III IV I II III

1980 1981 1982

1/ Excludes Federal Reserve and Government Account Transactions.

I II III IV Ill IV

1979 1983

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis October 25, 1983-15
MARKET YIELDS ON GOVERNMENTS

Bid Yields

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

4 5 6

Years to Maturity

October 25, 1983-13
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

100W^Mw^-

1972 1973 1974 1975

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

1976 1977 1978 1979 1980 1981 1982

As of December 31

October 25, 1983-1
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

100%

Coupons • over 10 yrs g^ 1-2 yrs Bills

H 2-10 yrs 7A 1 yr & under

1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Sep'83

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

As of December 31

October 25, 1983?
AVERAGE LENGTH OF THE MARKETABLE DEBT

Privately Held

June 1947

10 Years

5 Months

Months

1945 47 49 51 53 55 57 59 61 63 65 67

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

September 30, 1983

4 Years, 1 Month

October 25,1983-3
MATURING COUPON ISSUES

November 1983 - March 1984

(In Millions of Dollars)

Maturing Issues

Outstanding September 30, 1983

Total

Held By

Federal Reserve

& Government

Accounts

Private

Investors

Foreign

Investors!/

7% Nt. 11/15/83

9 7/8%Nt. 11/15/83

12 1/8%Nt. 11/30/83

10 1/2%Nt. 12/31/83

13% Nt. 12/31/83

15% Nt. 1/31/84

7 1/4% Nt. 2/15/84

15 1/8% Nt. 2/29/84

14 1/4% Nt. 3/31/84

14 1/8% Nt. 3/31/84

2,309

5,832

5,493

2,701

5,427

6,208

8,438

5,950

2,914

6,219

113

2,143

715

289

658

578

3,920

720

703

674

2,196

3,689

4,778

2,412

4,769

5,630

4,518

5,230

2,211

5,545

15

766

700

146

631

964

75

711

276

690

Total 51,491 10,513 40,978 4,974

XJ F.R.B. custody accounts for foreign official institutions;

included in Private Investors.

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis October 25, 1983-11
TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

J F M A M

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

J J A S O N D

H Securities issued prior to 1981

JFMAMJJASOND

jNew issues calendar year 1982

New issuescalendar year 1981 |||||j Issued or announced through October 21, 1983 October 25 ,9839
$Bil.

4

2

0

4

2

0

2

0

2

0

2 —

oL—

2

0

4

2

0

4

2

0

4

2

0

4 —

2 —

2.9

1.7

2.2

1.5

S3

1.7

3.0

TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

$Bil.

2.6

1.7

8

3.2

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

L5

2.5

I

2.4

3.5

1.5

1.4

1.6

3.0

3.5

4

2

0

2

0

4

2

0

4

2

0

4

2

0

4

2

0

4

2

0

10

8

6

4

2

0

2

0

2.7

I

1.8

2.1

2005

2006

2007

2008

3_9 2009

I

2010

1.9

3.8 2011

2012

2013

1.4

4.0

1.2

3.6

I

3.4

I

4.2

4.4

10.3

1

JFMAMJJASOND

^•Securities issued prior to 1981

OTiSSS^rF?TM1^^ An.iv* ^New issues calendar year 1981

JFMAMJJASOND

(%%|New issues calendar year 1982

Hill Issued or announced through October 21, 1983 October 25, 1983-10
NET NEW MONEY IN AGENCY FINANCE, QUARTERLY

$Bil.

10

9

8

7

6

5

4

3

2

1

0

9

8-

7-

6

5

4

3

2

1

0

FNMA

ii ll. i

FHLB^

.•Ii. I I II III IV

1979

I II III IV

1980

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

•I

I

Privately Held

$Bil.

lull

FCA

0

-Ih

III!

GNMA

Mortgage Backed

Securities

ill

llli

i

ml I II III IV I II III IV I II llleIV

1981 1982 1983

13

12

11

10

9

8

7

6

5

4

3

2

1

0

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

1979 1980 1981 1982 1983

*Less than $50 million. e Partly estimated.

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

certificates, mortgage-backed bonds, and mortgage participation certificates. October 25, 1983-14
$Bil.

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

AGENCY MATURITIESv

Privately Held

$Bil.

6

4

2

0

4

2

0

2

0

2

0

2

0

2

0

2

IV I II III IV

1991 1992 1993 1994

2.6

1.4 1.3

3.2

I.. .3 .1

(- 1995

.4

1996

.1 -5

1997

1.1 .9

• ££•

1998

.1 .2 .2 .1

1999 2000 2001

* _1

2002

* 2.

2003

.1

2004

*

2005

.1 .1

2006

.1 .1

2007

JL J.

2008

^2 .3

2009 2010

2011 2012

.4

2013

_1 .2

2014

.2

- 2015 2016 2017 2018

I II III IV I IV I IV I IV

Calendar Years Quarterly

±i Securities issued through September 30, 1983

* Less than $50 million.

October 25, 1983-16
SCHEDULE OF ISSUES TO BE ANNOUNCED

AND AUCTIONED IN NOVEMBER 19831

Monday Tuesday Wednesday Thursday Friday

1

Auction

3 Year^

2

Auction

10 Year^

3 A

Auction

30 Year*

4

7 8

Partial Holiday

9 10 11

Holiday

14 15 16

Announce

2 Year

17 18

Announce

52 Week

21

Announce

5 Year

22

Auction

2 Yeara

23

Auction

52 Week*>

24

Holiday

25

28 29

Auction

5 Year^

30

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

1/ Does not include weekly bills

2/ For settlement November 15

3/ For settlement November 30

*/ For settlement December 1

5/ For settlement in early December

October 25, 1983-22
SCHEDULE OF ISSUES TO BE ANNOUNCED

AND AUCTIONED IN DECEMBER 1983 ^

Monday Tuesday Wednesday Thursday Friday

12 13 14

Announce

2 Year

15 16

Announce

52 Week

19 20 21 22 23

Announce Auction Auction

4 Year 2 Year u 52 Week-2/

7 Year

20 Year

26 27 28 29 30

Holiday Auction Auction Auction

4 Year-i/ 7 Year & 20 Year^

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

-i/Does not include weekly bills or the 5 year issue

scheduled to be announced in late November

-?>For settlement January 3

-2/For settlement December 29

i/For settlement in early January

October 25, 1983-21