$Bil

40

30

20

10

Office of the Secretary of the Treasury

Office of Government Financing

TREASURY FINANCING REQUIREMENTS

October-December 1978

Uses

Gov't Acct. Investment m\

Coupon a

Maturities W

Agency

Maturities

Cash

Deficit

Sources

\h Special Issues

Coupon A

Refunding T

y

Savings Bonds

and Other

3/4

Foreign ±

Nonmarketables t

Net Market A

Borrowing

Decrease in A

Cash Balance •

J/ Net of exchanges for maturing marketable securities of $1 V* billion.

January 30, 1979 -6
$Bil

30

20

10

0

Office of the Secretary of the Treasury

Office of Government Financing

TREASURY FINANCING REQUIREMENTS

January-March 1979^

Uses

Special Issuesm\

Coupon ^

Maturities Jf

35V2

Sources

Gov't Acc't Sales

Coupon ±

Refundings W

Nonmarketables

3/4 ^

Agency

Maturities

Cash Deficit

Net Market ^^

Borrowing

Decrease in

Cash Balance

•" Assumes $8 Billion March 31, 1979 Cash Balance.

Done

To Be

Done

January 30, 1979-12
$Bil

20-

10

0

-10

Office of the Secretary of the Treasury

Office of Government Financing

TREASURY NET MARKET BORROWING-^

Calendar Year Quarters

23.9 24.7

8.3

I

COUPONS

ill Over 10yrs.

E%%! 0^10 yrs.

BILLS

4.2 14.8

-3.9

3.3

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

1975 1976 1977

±J Excludes Federal Reserve and Government Account Transactions.

•2J Issued or announced through January 26, 1979

II III

1978

13J4"

To Be i" |

Done-^ !

10%

6.4

$Bil

20

10

0

-10

IV |2/

1979

January 30, 1979-7
$Bil

10

0

TREASURY OPERATING CASH BALANCE

Semi-Monthly

-10

Without

-—New -

Borrowing

Total k

OperatingtA Balance / \ A // \\ ^ /\

- A a n^^l V^\ /V i \\ A A // * V \\ v

|V »V\ A /AY // Federal M/

TaV and Loanw \/WWV Vs-* V*' Account ?eserve \V*¥//•—

Accounts Balance %/

\

\

\

\

\

\

\

\

>

i

t—,

i

I I I I I I I I I I I I

i /

i /

\ /

\ / i /

\i

1 1

Aug Sept Oct Nov Dec Jan Feb Mar

1979

Jan Feb Mar Apr May Jun Jul

1978

Office of the Secretary of the Treasury Office of Government Financing January 30, 1979-11
NET NEW MONEY FROM FOREIGNERS AND FROM

NONMARKETABLE ISSUES TO PRIVATE INVESTORS

Office of the Secretary of the Treasury

Office of Government Financing

1975 1976 1977

lJ Includes nonmarketables and add-ons to 52-week bills and coupons.

1978

January 30, 1979-5
$Bil

16

QUARTERLY CHANGES IN FOREIGN AND INTERNATIONAL

HOLDINGS OF PUBLIC DEBT SECURITIES

12

8

o

-8

Officeof the Secretary of the Treasury

Office of Government Financing

Nonmarketable

Marketable:

IAdd-onsy

Other Transactions

1.0

1.0

-0.5

III IV

1975

1.6

14.1

^w

3.5

1.6

III IV

1976

III IV

1977

•V F.R.B. Purchases of marketable issues as agentsfor foreign and

international monetary authorities for new cash

£/ Partly estimated

4.9

•,'WV

13.5

1.4

Ep m

I II III IV v

1978

January 30, 1979-9
CUMULATIVE NET CASH FLOW IN E AND H SAVINGS BONDS1"

$Mil

800-

600

400

200

-200

-400

\:.

_ \«1979e

Office of the Secretary of the Treasury

Office of Government Financing

M

1977

^ ^< ..^^i975

1

M J J

Month of year

-i^Cash sales less redemptions

>'

:=*>'

1976

N D

$Mil

-800

-600

400

200

0

-200

-400

January 30,1979 -26
%

14

12

10

8

\4 Federal Funds

SHORT TERM INTEREST RATES

Monthly Averages

i i i i i I i i i i i

Through

Week Ending

Jan. 24, 1979

3 Month

Treasury Bill

7o

14

12

10

8

I I I I I I I I _l_L i i i I I I

JSNJMMJSNJMMJSNJMMJSNJMMJSNJ

1974 1975 1976 1977 1978 1979

Officeof the Secretary of the TreasuryOfficeof Government Financing January 30, 1979-13
%

11 -

10

8

-w" ^.

Jul

Office of the Secretary of the Treasury Office of Government Financing

SHORT TERM INTEREST RATES

Weekly Averages

Prime Rate

.—••».....••

••••»..«..-••'

Aug

..--

3 Month

Treasury Bill

Sept Oct

1978

Nov Dec

\ -

Week Ending"

Jan 24, 1979

Jan

1979

%

11

10

8

January 30, 1979-14
o//o

10

9

8

LONG MARKET RATES

Monthly Averages

New Aa Corporates

*...,

V

A

*%..»^t New Conventional

Mortgages

%

_ ' 10

8

- 6

JSNJMMJSNJMMJSNJMMJSNJMMJ SNJ

1974 1975 1976 1977 1978

Office of the Secretary of the Treasury

Office of Government Financing January 30, 1979-15
INTERMEDIATE AND LONG MARKET RATES

Weekly Averages

%

11

10

-9

%

11 _

Week Ending

Jan 26, 1979

10

9

New Conventional

•».„ New Aa Corporates ,^"- .+

^ "'*• ^'"'"-'

^^.^^^^^^^SS^^^^^^B^^^^^^^^^^^^^^^^^^^

as**^

Treasury 20-Year

8 - Treasury 7-Year _ "*._ „ ' Treasury 10-Year -

7

6

New 20-Year

^___^^ Municipal Bonds —:

5 . . I ii ill

Jul

Office of the Secretary of the Treasury

Office of Government Financing

Aug Sept Oct Nov

1978

-"Monthly, weekly data not available.

Dec Jan

1979

-8

-6

January 30, 1979-16
%

11

MARKET YIELDS ON GOVERNMENTS

Bid Yields

%

10

January 26, 1979

10

8 _J

i i i

0

Officeof the Secretary of the Treasury Office of Government Financing

October 20,

I I I

i I i I i I i

18 20 22 24 26 28 30

978

I I i I I I _L

4 5 6

Years to Maturity

_L_L I I I

8

%

11

10

8

i i i

10

January 30, 1979 -17
$Bil

4

0

i

Officeof the Secretary of the Treasury

Office of Government Financing

TREASURY MARKETABLE BOND ISSUES^

i

E220Long Bond

HHl5 yr. Bond

i I

III IV I

illl

III IV I II

1975 1976 1977

j/Excludes Federal Reserve and Government Account transactions.

1978

January 30, 1979 -28
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

$Bii BY MATURITY

1969

Office of the Secretary of the Treasury

Office of Government Financing

1970 1971 1972 1973 1974 1975 1976

As of December 31

1977 1978

January 30, 1979-22
AVERAGE LENGTH OF THE MARKETABLE DEBT

Privately Held

1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978

Office of the Secretary of the Treasury

Office of Government Financing January 30, 1979 -4
OWNERSHIP OF THE MATURING ISSUES

February 1979—January 1980*

(In Millions of Dollars)

Total

Savings Institutions

State & Other

Maturing Issues Privately Commerical Long- Intermediate- Local Corpora Private Foreign

Held Banks term-^

Investors

term

Investors-^

General

Funds

tions Holders

7% Nt. 2-15-79 2,961 1,225 30 276 49 84 585 712

5 7/8% Nt. 2-25-79 2,477 730 1 228 265 376 332 545

6% Nt. 3-31-79 2,874 1,070 23 217 263 69 476 756

5 7/8% Nt. 4-30-79 1,833 528 0 154 181 208 144 618

7 7/8% Nt. 5-15-79 1,719 952 9 142 92 41 360 123

6 1/8% Nt. 5-31-79 1,848 484 1 147 221 210 96 689

7 3/4% Nt. 6-30-79 1,624 728 15 252 45 26 447 111

6 1/8% Nt. 6-30-79 2,017 504 3 324 154 127 -63 842

6 1/4% Nt. 7-31-79 3,021 850 7 320 410 326 89 1,019

6 1/4% Nt. 8-15-79 2,739 744 28 209 114 167 683 794

6 7/8% Nt. 8-15-79 2,109 985 10 254 118 319 89 334

6 5/8% Nt. 8-31-79 3,042 968 6 358 183 456 36 1,035

8 1/2% Nt. 9-30-79 1,851 693 44 250 56 13 704 91

6 5/8% Nt. 9-30-79 3,527 957 6 227 423 415 183 1,316

7 1/4% Nt. 10-31-79 3,879 1,206 37 283 301 347 570 1,135

6 1/4% Nt. 11-15-79 3,112 1,337 19 470 223 552 76 435

6 5/8% Nt. 11-15-79 465 146 38 57 32 39 153 0

7% Nt. 11-15-79 1,806 733 12 235 49 273 504 0

7 1/8% Nt. 11-30-79 4,317 1,465 40 347 434 647 30 1,354

7 1/2% Nt. 12-31-79 1,869 926 5 309 125 13 271 220

7 1/8% Nt. 12-31-79 3,347 1,085 116 286 396 317 272 875

7 1/2% Nt. 1-3-80 3,474 1,534 53 344 303 193 519 528

Total 55,911 19,850 503 5,689 4,437 5,218 6,682 13,532

* Amounts for investor classes are based on the November 1978 Treasury Ownership Survey.

y 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.

Office of the Secretary of the Treasury

Office of Government Financing

January 30, 1979-29
$Bil.

6

TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

1979 48 5.3 5A 5.2

Waolao i 3^|r 4.5

x*

1984

4 3.4

2

0

6 -

12?*29

I

2.5 1.81 71.8

IIS

4.7

3.5

2 -

ol—

6h

4

2

0

5.0

2.91

4.3

5.8

I

5.4

2.6

2.6

1980 _. ' cn 5.7 5.4TM 5^1 5^2 5.0 —

3.4 55 27172,9 0 3^3.1 3.5

4.7 1981 5.5

2.4

6«4 1982

I I

2.5

1983

2.5

1.0

1.8

I

2.9

5.0

2.9 • 3-3

o.u

I

4.7

2.4 1 2J

1

2.2

8-

6-

4 -

2 -

FA

2.7

1.2

4.1

I

1985 „3.2

1986 7.5

1987

2=4 1988

1989

1.8

2.3

J FMAMJJASOND JFMAM JJASOND

Office of the Secretary of the Treasury

Office of Government Financing

Securities issued prior to 1977 E^New issues calendar year 1978

New issues calendar year 1977 113Issued or announced through January 30, 1979

January 30, 1979 -2
TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

_ 1.8

1 .8

1990

1991

I

_

1992

3.1

1.9 1993 2.3

I 2 1.4

- 1.5 .6

1994

.4

1995

-

1996

-

1997

-

.4

1998 1.2

•

-

.8

1999

$Bil

2

0

2

0

2

0

2

0

2

0

2

0

2

0

2

0

2

0

2

0

2

2.2

s2.7

2.1

3

2000 2~6

2001

2002

2003

2004

2005

2006

2007

2008 14

I 2

2009i

2010

2011

1.2

JL

1.7

$Bil

2

0

2

0

6

4

2

0

2

0

2

0

2

0

2

0

2

0

2

0

2

0

FMAMJ JASOND

2-

o'—

F M A M SON

Office of the Secretary of the Treasury

Office of Government Financing

Securities issued prior to 1977

New issues calendar year 1977

SS3 New issues calendar year 1978

till Issued or announced through January 30, 1979 January 30. 1979-1
CUMULATIVE FEDERAL AND FEDERALLY-ASSISTED

BORROWING FROM THE PUBLIC

1970 1971 1972 1973 1974 1975 1976TQ 1977 1978 1979e 1980e

Fiscal Years

-^Adjusted (1) to eliminate double counting of obligations purchased by Federal and Federally

sponsored agencies and (2) for changes in Treasury cash balances and other minor items.

e-Fiscal Year 1980 Budget estimate. January 30, wb-m

Office of the Secretary of the Treasury

Officeof Government Financing
$Bil

100 h

Office of the Secretary of the Treasury

Office of Government Financing

FEDERAL AND FEDERALLY ASSISTED

BORROWING FROM THE PUBLIC

1971 1972 1973 1974 1975 1976 TQ 1977 1978 1979e 1980e

Fiscal Years

-"Adjusted (1) to eliminate double counting ofobtgabons purchased by Federal and Federally sponsored agencies

and (2) for changes in Treasury cash balances and other minor items.

e-Fiscal Year 1980 Budget estimate. January 30,1979 27
$Bil

35

30

25

20

Office of the Secretary of the Treasury

Office of Government Financing

CUMULATIVE NET SAVINGS INFLOWS

(LESS INTEREST) TO THRIFT INSTITUTIONS*

M A M J J /

Month of Year

* Savings & Loan Assns. &Mutual Savings Banks.

N

January 30, 1979-20
$Bil

2

1

0

2

1

0

-1

NET NEW MONEY IN AGENCY FINANCE, QUARTERLY

Privately Held

FCA

nili h.IIIiI.. III.

- 1

FHLB1'

III * * ..ill

1 II' r

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

1974 1975 1976 1977 1978

$BilF

2-

1

0

-1r

.11.

FNMA

i

I

I GNMA I

Mortgage Backed

Securities

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

1974 1975 1976 1977

II III IV

1978

Office of the Secretary of the Treasury

Office of Government Financing

* Less than $50 million

IIIncludes FHLB discount notes, bonds, and FHLMC certificates,

mortgage-backed bonds, and mortgage participation certificates.

January 30, 1979 -23
1979

7.8

7.4

4.8

1983

2.8

I 3.3

ill

1984

1.7

IJj°8

ll

AGENCY MATURITIES^

1981

1985

1.9

•ill

Privately Held

$Bil

1982

1986

•9 .8 -9

III .5

1987

q 1-1 d

III!

1988

1.0 '_3

I.I.

1989 1990

m 1

" 1991 1992

£ *. 1

1993

.3

1994

1995 1996

.6

1999 2000

1 -

2003 2004

1997 1.1

l-_-

2001

2005

1998

.1 -2 -2 .1

2002

.2

2006

.1 1

' 2007 2008

.3 .4

• •

1^2009 2010

$Bil.

9

8

7

6

5

4

3

2

1

0

4

3

2

1

0

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

Office of the Secretary of the Treasury

Office of Government Financing

Calendar Years Quarterly

y Issued or announced through January 23, 1979

* Less than $50 million January 30, 1979 -24