TREASURY FINANCING REQUIREMENTS

October - December 1982

Uses

Coupon

Maturities ^

3/4

Foreign

Nonmarketables:

Public Series

4 Cash Deficit

Sources

Coupon

|4Refunding

^Foreign Nonmarketables:

%^ Government Series

Savings %

Bonds

State and

Local

Net Market tl

Borrowing ^'

Decrease In Cash Balance ^^E

—i$Bil.

-90

-80

-70

-60

-50

-40

-30

-20

-10

—lo

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-20
$BII.

90

80

70

60

50

40

30

20

10

0

TREASURY FINANCING REQUIREMENTS

January - March 1983

Uses

Coupon

Maturities W

Foreign T

Nonmarketables:

Public Series| y2

..3BSBBBM12V*

1/4 Gov't Series

State and

Local

|4 Cash Deficit

93V4 Sources

|4 Coupon Refunding

Savings Bonds

Net Market

Borrowing t 59%

A

To Be

Done

52V4

\

Done^

7V4

Decrease in Cash Balance &}

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

XI Issued or announced through January 21, 1983

2/ Assumes $10 billion cash balance March 31, 1983

$Bil.

90

80

70

60

50

40

30

20

10

0

January 25, 1983-19
$Bil.

30

20

10

-10

-20

-30

-40

•"•»iif

TREASURY OPERATING CASH BALANCE

Semi-Monthly

Total

Tax and Loan

Accounts Balance^

^"V

Federal Reserve Account

I I I I L I

-Without New-*

Borrowing-!/

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

1982 1983

_!/ Assumes refunding of maturing issues.

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-16
$Bil.

250

200

150

100

50

TREASURY FINANCING REQUIREMENTS

April 1982 - March 1983

Uses

Coupon

Maturities ^

Foreign Nonmarketables:

Gov't Seriesfc 5

Public Series

|4 Cash Deficit

283 Sources

^ Coupon Refunding

Savings Bonds

State and

Local

Net Market

Borrowing J/

Decrease

in Cash

Balance^

$Bil.

250

200

150

100

50

0

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

_L/ Assumes January-March 1983 borrowing of 591/2 billion

2J Assumes $10 billion cash balance March 31, 1983 January 25, 1983-22
$Bils

150

100

50

TREASURY NET BORROWING*7

(Calendar Years)

Marketables

Nonmarketables27

*

$Bils.

100

50

0

^ °

-50

1973 1974 1975 1976 1977 1978 1979 1980 1981

n Excludes Federal Reserve and Government Account Transactions

a Savings bonds, state and local, and foreign series Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

-50

1982

January 25, 1983-24
TREASURY NET MARKET BORROWING*/

Calendar Year Quarters

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

1979 1980 1981 1982 1983

1/ Excludes Federal Reserve and Government Account Transactions.

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-13
TREASURY NET BORROWING FROM NONMARKETABLE ISSUES

$Bil. i • 1$Bil.

2.2

gj

-2 .1-1.4 -.9

-6

Savings Bonds

State & Local Series

Foreign Nonmarketables

Ii' i n H * t J

-1.4 . [_

-2.2

-2.4

-1.9

-4.2 -4.0

-6.6

2.5

I

-2.0^

-2.5

0

-2

-2.0

-4

-6

-8 -8

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

1979 1980 1981

e estimate

1982 1983

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-3
QUARTERLY CHANGES IN FOREIGN AND INTERNATIONAL

HOLDINGS OF PUBLIC DEBT SECURITIES

$Bil.| >$BN.

12

-12

•16

Nonmarketable

Marketable

^ Add-ons JV

• Other Transactions

5.5

-13.3

8.0

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

1979 1980 1981 1982

-^F.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

Office of Government Finance &Market Analysis -^PaTtlV estimated.

12

8

4

0

-4

-8

H-12

-16

January 25, 1983-4
$Bil.

CUMULATIVE NET CASH FLOW IN SAVINGS BONDS*/

-12

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

M M J J A

Month of year

1/ Cash sales less redemptions

e January 1983 partly estimated

o

--10

N D

January 25, 1983-9
$Mil

NEW MONEY FROM NONCOMPETITIVE BIDS IN

TREASURY BILL AUCTIONS AND AVERAGE AUCTION YIELDS

-600

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

May Jun Jul Aug

1982 Auction Dates

-UNew money is the difference between noncompetitive bids on the

new issues and maturing bills previously bid noncompetitively.

i/Oiscount basis.

Dec Jan

1983

January 25, 1983-14
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

January 21

1983

%

22

20

18

16

14

12

10

8

-\6

January 25, 1983-8
%

16-

Apr May

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

SHORT TERM INTEREST RATES

Weekly Averages

Through

week ending

January 19

%

16

14

12

10

-8

Jun Jul Aug

1982

Sep Oct Nov Dec Jan

1983

January 25, 1983-6
1979

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

LONG MARKET RATES

Monthly Averages

1980 1981 1982 1983

January 25, 1983-7
8

INTERMEDIATE AND LONG MARKET RATES

Weekly Averages

New Aa

Corporates

Apr May Jun

\

I I I I I

Jul Aug Sep

1982

Oct Nov

Through

week ending

January 21

I I I I I I I i

Dec Jan

%

16

15

14

13

12

11

10

8

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-5
MARKET YIELDS ON GOVERNMENTS

Bid Yields

%

14

13

12

11

-

I I I I

%

14

13

12

11

%

19

18

17

16

15

14

13

12

11

10

9

8

7

June 25,1982 10.10 12 14 16 18 20 22 24 26 28 3010

%

19

18

17

16

15

14

13

12

11

10

9

8

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

I I

October 25, 1982

January 24, 1983

5 6

Years to Maturity

8 10

January 25, 1983-23
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

1971 1972 1973 1974

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

1975 1976 1977 1978

As of December 31

1979 1980 1981 1982

January 25, 1983-10
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT

BY MATURITY

100%

90

80

70

60

50

40

30

20

10

0

Coupons Dover 10 yrs ^1-2 yrs Bills]

S2-10yrs ^ 1 yr & under

10

27

1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982

As of December 31

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-11
1945

AVERAGE LENGTH OF THE MARKETABLE DEBT

Privately Held

Months

December 1982

3 Years

10 Months

47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis January 25, 1983-12
MATURING COUPON ISSUES

February 1983 • June 1983

(In Millions of Dollars)

Maturing Issues

Outstanding December 31,1982

Total

Held By

Federal Reserve

& Government

Accounts

Private

Investors

Foreign

Investors!/

8% Nt. 2/15/83

13 7/8%Nt. 2/28/83

9 1/4% Nt. 3/31/83

12 5/8% Nt. 3/31/83

14 1/2%Nt. 4/30/83

7 7/8% Nt. 5/15/83

115/8%Nt. 5/15/83

15 5/8% Nt. 5/31/83

3 1/4%Bd. 6/15/83

8 7/8% Nt. 6/30/83

14 5/8% Nt. 6/30/83

7,958

5,438

2,930

5,583

4,586

2,573

3,618

4,763

982

3,123

4,607

2,189

509

12

888

363

113

897

535

157

426

494

5,769

4,929

2,918

4,695

4,223

2,460

2,721

4,228

825

2,697

4,113

22

768

320

1,214

461

19

652

619

59

520

Total 46,161 6,583 39,578 4,654

1/ 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 January 25, 1983-18
TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

co 1983

5 2 fi ft wm _

4.2*4.2 |J 4.6B4.8

•l_l m

6.7

I

1984

I ill 5.6

i

1985

3.1

1986

4.4

1987

12.4

I

•

7.5

I

4.1

73 6.0 ?2

4.8H4.8

10.1 9.7

7.2

1

J7.1

10.2

8

ill

3.6

5.5

9.4

6.8

7.1

1

3.2

5.5

J J A S O N D

| Securities issued prior to 1981

New issues calendar year 1981 Office of

Office of

the Secretary of the Treasury

Government Finance & Market Analysis

$Bil.

8 1988

4h.7

8

5.0

i 2.8 2.4

K •

3.4 3.2 2.3

6-

1989

4.7 4.2 -3.5 3.8 3.3 2.2

—

1990

-4.8 5.0

~|i a .9

2.6

• 1

4

2

0

6

4

2

0

4

2

0

10-

8-

6-

4-

2-

ol—

8-

6-

4-

2-

-

1991

-

1.7 2.4

2

2.5

2.6

1.9

8.9

I

1992

1993

2.4

2.2

4.1

1

1.3

JFMAMJJ

INew issuescalendar year 1982

| Issued or announced through January 21,1983

A S O N D

January 25, 1983-1
$Bil

4

2

0

4

2

0

2

0

2

0

2

0

2

0

4

2

0

4

2

0

4

2

0

4

2

0

2.9

1.7

2.1

1.5

0

1.7

3.0

TREASURY MARKETABLE MATURITIES

Privately Held, Excluding Bills and Exchange Notes

$Bil.,

2.7

1.7

8

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

u

2.5

•

2.5

1.5

1.4

.6

1.6

2.8

2

0

2

0

2

0

4

2-

oL

4-

2-

0

4

2

0

4

2

0

4

2

0

4

2

0

2l

0

2.7

1.8

2004

21 2005

2006

2007

2008

3.9 2009

• I

2010

1.9

3.8 2011

2012

2013

1.4

1.2

3.6

I

3.4

4.2

4.4

1

3.0

J F M A M J J A S O N D

^(Securities issued prior to 1981

J F M A M J J

]New issues calendar year 1982

A S O N D

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis New issues calendar year 1981 [. jlssued or announced through January 21,1983 January 25, 1983-2
NET NEW MONEY IN AGENCY FINANCE, QUARTERLY

$Bil.

I II III IV

1978

III IV

1979

I II III IV

1980

I II III IV

1981

Privately Held

$Bil.

in ive

1982

i n III IV

1978

I II III IV

1979

♦Less than $50 million. e Partly estimated.

I II III IV

1980

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

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

certificates, mortgage-backed bonds, and mortgage participation certificates.

I II III IVe

1982

January 25, 1983-21
$Bil.

I II III IV I

Office of the Secretary of the Treasury

Office of Government Finance & Market Analysis

AGENCY MATURITIES^/

Privately Held

$Bil.

6

4

2

0

IV I II III IV I II III IV

_ 1991

" .8 1-2 .8 • ••

1992

c r 1-3 -• •

1993

.3

1994

.3 .1

4(- 1995

2

1999

2003

.1

1996

.1 A

2000

2004

1997

1.1

3 .2 .8

2001

.1

2005

.1 .1

1998

.1 .2 .2 .1

2002

.2

2006

.1 .1

2007

.2 .1

2008

.2 .3

2009

.3 .3

2010

2011 2012

.4

2013

.2

2014

.2

- 2015 2016 2017 2018

I III IV I II

Calendar Years Quarterly

-^ Securities issued through December 31,1982

* Less than $50 million.

IV I II III IV I II III IV

January 25, 1983-17
SCHEDULE OF COUPON ISSUES TO BE ANNOUNCED

AND AUCTIONED IN MARCH 1983^

Monday Tuesday Wednesday Thursday Friday

7 8 9

Announce

2 Year

10 11

14 15

Announce

4 Year

7 Year

20 Year

16

Auction

2 Yearly

17 18

21 22

Auction

4 Year^

23

Auction

7 Year^/

24

Auction

20 Year &

25

-!>Does not include 5 year issue which will probably be announced in late February

^/For settlement March 31

-S'Forsettlement in early April

Office of the Secretaryof the Treasury

Officeof Government Finance &Market Analysis

January 25,1983-15