$Bil.
350
300
250
200
150
100
50
0
18
FEDERAL AND FEDERALLY-ASSISTEDBORROWING FROM THE PUBLIC
iiij Sponsored Agency Obligations
Guaranteed Obligations-^
Off-Budget Deficit-1/
Budget Deficit-?/
oq 4734 J9 „•H || m 24
^2'2'Ja
326
1970 '71 '72 '73 '74 '75 '76 '77 '78 '79 '80 '81 '82 '83e '84eFiscal Years
J/Adjusted for Federal and sponsored agency purchases of guaranteed obligations.2/Consists largely of Federal Financing Bank borrowings from Treasury.3/Adjusted for changes in cash balance and other means of financing,e estimate
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
$Bil.
350
300
250
200
150
100
50
0
April 26. 1983-22
FEDERAL AND FEDERALLY-ASSISTED LENDING
RELATIVE TO TOTAL PRIVATE BORROWING
1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983e
Fiscal Years
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
e estimate
April 26, 1983-24
$Bil.
90
80
70
60
50
40
30
20
10
0
TREASURY FINANCING REQUIREMENTSJanuary - March 1 983
Uses
Coupon ,Maturities fr
ForeignNonmarketables:
Public Series| V2
Gov't Series
^Cash Deficit
85 VzSources
WCoupon Refunding
1V2 I State and Local
Savings Bonds
Net Market 4Borrowing w
Decrease inCash Balance
$Bil.
90
80
70
60
50
40
30
20
10
0
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis April 26, 1983-20
$Bil.70
60
50
40
30
20
10
0
TREASURY FINANCING REQUIREMENTSApril - June 1 983
Uses Sources
621/2
ForeignNonmarketables
Gov't Series^ 13/,
CouponMaturities^ I^Coupon Refunding
Increase inCash Balance u
3/4
Public Series
Savings1 4 BondsVz
State andLocal
^Cash Deficit Net Market ±a0V2<>Borrowing W*v/2^\
To BeDone34 V4
1/ Assumes $20 billion cash balance June 30, 1983.
2/ Issued or announced through April 22, 1983.
\lDone^
6V4
$Bil.70
60
50
40
— 30
20
— 10
0
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis April 26, 1983-21
TREASURY OPERATING CASH BALANCESemi-Monthly
$bll.
30•«—Without New-^
Borrowing±f
Tax and Loan f \20 Accounts Balance^ \ Total k
/ \ Operating /\>\/ ^-\ Balance / ^ \ /*<
*
10/ ^ V
...••••••...
i'i'iii/ \
((it '"tiimki .«..»»'11"<"""*"»l>.«l»•••^f„^M„...«",,<*, "'-n™,ra...«nii...ii,1.»im»*"' "*"•" •'«" ' .w"w",,,""""-,„j•••
•
0Federal Reserve Account
••••••
-10
«...
-20• •• •• •• •• •• •• •• •
V-30
, ,Ill 1 I
Apr May Jun Jul Aug Sep1982
Oct Nov Dec Jan Feb Mar Apr
1983
May Jun
AJ Assumes refunding of maturing issues except for $.9 billion of 3'/4% bond maturing June 15.Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis April 26, 1983-19
$Bil.
60
50
40
30
20
10
TREASURY NET MARKET BORROWING^Calendar Year Quarters
COUPONSill Over 10 yrs800-10 yrs.
BILLS
6M 59.2
II III IV I II III IV I II III IV I II III IV
1979 1980 1981 1982
1/ Excludes Federal Reserve and Government Account Transactions.
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
I II
1983
$Bil.
April 26, 1983-18
TREASURY NET BORROWING FROM NONMARKETABLE ISSUES$Bil.
0
-2
-4
-8
2.2gs
I-1.7
-1.4-.9
I II III IV
1979
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
85
JSavings Bonds
jState & Local Series
|Foreign Nonmarketables
wm
-.8
-1.4
-2.41-2.2
-1.9
-4.2
-6.6
I II III IV I II III IV
1980 1981
e estimate
$Bil.
2.5
.2
wz% va
II-2.5 --4 -.9
0
-4
- -6
I II III IV I II*
1982 1983
-8
April 26, 1983-17
QUARTERLY CHANGES IN FOREIGN AND INTERNATIONALHOLDINGS OF PUBLIC DEBT SECURITIES
$BII.i i$BH.
12
8
0
-4
-8
-12
-16
Nonmarketable
Marketable
g^ Add-ons-^ 8.0 86• Other Transactions
5.5
2-9 3.6
wn
^g
wm
-1.3
J-1.6
-3.8
-5.0 -5.8
-13.3
4.4 L8.
-.5
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 TreasuryOffice of Government Finance &Market Analysis 2] Partly estimated.
'83
12
8
0
-4
-8
-1-12
-16
April 26, 1983-9
CUMULATIVE NET CASH FLOW IN SAVINGS BONDS*/
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
M M J J A
Month of year1/ Cash sales less redemptionse April 1983 partly estimated April 26, 1983-8
NEW MONEY FROM NONCOMPETITIVE BIDS INTREASURY BILL AUCTIONS AND AVERAGE AUCTION YIELDS$Mil.
400
300
200
100
0
-100
-200
-300
-400
-500
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
1982 Auction Dates 1983-VNew money is the difference between noncompetitive bids on the new
office of the secretary of the Treasury issues and maturing bills previously bid noncompetitively.Office ofGovernment Finance &Market Analysis -i/DiSCOUnt baSIS April 26, ,983~16
New Money -^(left scale)
1116 Months•13 Months
Average Auction Yields-^(right scale)
6 Month Bill
— 3 Month Bill
%
15
14
13
12
11
10
9
8
7
SHORT TERM INTEREST RATESMonthly Averages
1979
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
1980 1981 1982 1983
April 26, 1983-11
%
16
14
12
10
8
SHORT TERM INTEREST RATESWeekly Averages
Prime Rate
Throughweek ending
April 20
*• / •. " . _ _ t \ _^ ^^""''3^• • •. . *«•••••....»......... ^^^^esf^H^^^^tfZs**'"**:"""
\J \ -. ,.-•••-••-—z^ps^ •••V •••••• •-.«•• "*• 3 Month3 Month
Treasury Bill
Jul Aug Sep Oct
1982
Nov Dec Jan Feb Mar
1983
Apr
%
16
14
12
10
8
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
April 26, 1983-12
%
19
LONG MARKET RATESMonthly Averages
17
New ConventionalMortgages
New Aa / *Corporates* /"%. f^v^^
/A / •••" "> \ \
\\
Treasury 20-Year
1979
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
1980 1981
%
19
17
15
13
11
1982 1983
April 26, 1983-10
%
8
INTERMEDIATE AND LONG MARKET RATESWeekly Averages
Municipal Bonds20-Year
Jul Aug Sep Oct
1982
Throughweekending
April 22
Nov Dec Jan Feb Mar
1983
Apr
%
16
15
14
13
12
11
10
-i9
8
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis April 26, 1983-13
» <
MARKET YIELDS ON GOVERNMENTSBid Yields
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
5 6
Years to Maturity
April 26, 1983-23
$Bil
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBTBY MATURITY
800-
700
600-
500
400
300
200
100
01972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982
As of December 31
COUPONS
' ]Over 10 years12-10 years1-2 years
1 year & under
BILLS
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
March 31, 1983^5795.1
April 26, 1983-4
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBTBY MATURITY
100%
90
Coupons Qover 10 yrs
H 2-10 yrs
1-2 yrs Bills
1 yr & under
10
1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Mar'83
As of December 31Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
April 26, 1983-5
AVERAGE LENGTH OF THE MARKETABLE DEBTPrivately Held
June 194710 Years
5 Months
Months
March 31, 19833 Years
10 Months
i l I i l I I I I I L
J FMAMJ J ASOND
1945 47 49
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
53 55
April 26, 1983-3
MATURING COUPON ISSUESMay - September 1983
(In Millions of Dollars)
Maturing Issues
Outstanding March 31,1983
Total
Held By
Federal Reserve
& Government
Accounts
Private
Investors
ForeignInvestors^/
7 7/8% Nt. 5/15/83
11 5/8% 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
15 7/8% Nt. 7/31/83
11 7/8% Nt. 8/15/83
9 1/4% Nt. 8/15/83
16 1/4% Nt. 8/31/83
9 3/4% Nt. 9/30/8316% Nt. 9/30/83
2,5733,6184,763
979
3,1234,6074,9744,2856,6705,4312,8025,268
113
862
525
157
426
490
387
1,0863,214
643
284
459
2,4602,7564,238
822
2,6974,1174,5873,1993,4564,7882,5184,809
14
644
634
44
520
985
556
260
882
345
830
Total 49,093 8,646 40,447 5,714
jy F.R.B. custody accounts for foreign official institutions;included in Private Investors.
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis April 26, 1983-15
TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes
$Bil.
6
4
2
0
10
8
6
4
2
0
12
10
8
6
4
2
0
10
8
6
4
2
0
8
6
4
2
0
7.8 |^L9
10.2
co 1983 6.7iVS8! 4.8J4.8
7.3 61 7.24.8H4.8
r 9jio-7|9.3 1984
8-Ll2e, 1 -!- II ^
ill i ill 1i
ill!120 11.0 1985 1"
I
3.9
1
3.1
II g1986
4.4
m1
I
7.5
I
illi
9.5
3.6 3.3
5.76.8
5.6
16.2
5.5
19877.1
4.1
1FMAMJJ ASOND
^| Securities issued prior to 1981New issues calendar year 1981Office of the Secretary of the Treasury
Office of Government Finance & Market Analysis
$Bil.
8
6
4
2
0
5.0
g 16-
3.5
4.8
2.8
2 I
3.3
U 1988
3.4
2.2
19894.7
1990
2.6
3.22.3
t£ 3-8
II5.1
4
2
0
6
4
2
0
4
2
0
10
8
6
4
2
0
8-
6
4
2
0
— 1991
1.72.4 2.5
2.6
6.4
8.9
s1992
1993
4.1
2.4
2.21.3
JFMAMJJ ASOND
New issues calendar year 1982
Issued or announced through April 22, 1983 April 26,1983-1
$Bil.4
2
0
4
2
0
TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes
2
02 —
ol—2
0
2
0
4
2
0
4
2
0
4
2
0
4
2
0
2.9
1.7
2.1
1.5
1.7
3.0
2.7
3.2
.8
1.7
83
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
1.5
2.5
I
2.5
1.5
1.4
1.6
0
2.8
J F M A M J J A S O N D
Securities issued prior to 1981
New issues calendar year 1981Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
2
0
2
02
04
2
0
4
2
0
4
2
0
4
2
0
4
2
0
6
4
2
0
2
0
2.7
1.8
2.1
•
2004
2005
2006
2007
2008
?-9 2009
I2010
1.9
3 8 2011
2012
2013
1.4
1.2
3.6
I3.4
I4.2
4.4
1
6.5
JFMAMJJASONDp^JNew issues calendar year 19821111 Issued or announced through April 22, 1983 Apri| 26,1983-2
NET NEW MONEY IN AGENCY FINANCE, QUARTERLY
$Bil.
0
FNMA
I II III IV I II III IV
1979 1980
Privately Held,$Bil
FCA
* II
I II III IV I II III IV le II III IV
1981 1982 1983
*Less than $50 million.
GNMAMortgage BackedSecurities
I II III IV
1979I II III IV
1980
Partly estimated.
III
IV
1981
Office of
Office of
the Secretary of the TreasuryGovernment Finance & Market Analysis
J/ Includes FHLB discount notes, bonds, and FHLMC discount notes, debentures,certificates, mortgage-backed bonds, and mortgage participation certificates.
h
I II III IV
1982Iell III IV
1983
April 26,1983-14
AGENCY MATURITIES^Privately Held
$Bil.
a 1987 1988 1989 1990
6
4
4.84.7
1113.54.0
2
nIII! I 2.2
III. i i 1.31.5 1.6
• III1.3 1.51_9• .*••
I II III IV I II III IV I II III IV III IV
6-
4-
2-
1991
2.1
.1
1992
.6 .81.3
1993
2.8
1
1994
0
4h 1995
2-
o
2
0
2
0
2
0
2-
1999
2003
.1
1996
.1 A
2000
2004
1997
1.2 .9• .3 .2 m
2001
.1
2005
.1 .1
.1
1998
.1 .2 .2 .1
2002
.3
2006
.1 .1
2007
_2 A_
2008
^2 ^3
2009
.3 .3
2010
2011 2012
.5
2013
.2
2014
.2
- 2015 2016 2017 2018
IV I II III IV I II III IV I II III IV
Office of the Secretary of the TreasuryOffice of Government Finance & Market Analysis
Calendar Years Quarterly•U Securities issued through March 31, 1983* Less than $50 million.
April 26, 1983-6
SCHEDULE OF COUPON ISSUES TO BE ANNOUNCEDAND AUCTIONED IN JUNE 1983^
Monday Tuesday Wednesday Thursday Friday
6 7 8
Announce
2 Year
9 10
13 14
Announce
4 Year
7 Year
20 Year
15
Auction
2 Year U
16 17
20 21
Auction
4 Year-!'
22
Auction
7 Year a/
23
Auction
20 Year J/
24
-^Does not include 5 year issue which will probably be announced in late May
i/For settlement June 30
-2/For settlement in early JulyOffice of the Secretary of the TreasuryOffice of Government Finance & Market Analysis April 26, 1983-7