[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b85._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-85.--Estimated ownership of public debt securities by private investors, 1976-95
[Par values;\1\ billions of dollars]
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Held by private investors
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Nonbank investors
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End of month                            Commercial                   Individuals\3\
Total     banks\2\           ------------------------------ Insurance    Money                      State  and      Foreign  and        Other
Total            Savings     Other    companies   market   Corporations\5\       local      international\7\  investors\8\
Total  bonds\4\  securities               funds                    governments\6\
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1976:  June.................................     376.4       92.5      283.9    96.1      69.6       26.5       10.7        0.8         23.3             32.7              69.8           50.5
Dec..................................     409.5      103.8      305.7   101.6      72.0       29.6       12.7        1.1         23.5             39.3              78.1           49.4

1977:  June.................................     421.0      102.9      318.1   104.9      74.4       30.5       13.0         .8         22.1             49.6              87.9           39.8
Dec..................................     461.3      102.0      359.3   107.8      76.7       31.1       15.1         .9         18.2             59.1             109.6           48.6

1978:  June.................................     477.8       99.6      378.2   109.0      79.1       29.9       14.2        1.3         17.3             69.6             119.5           47.3
Dec..................................     508.6       95.3      413.3   114.0      80.7       33.3       15.3        1.5         17.3             81.1             133.1           51.0

1979:  June.................................     516.6       94.6      422.0   115.5      80.6       34.9       16.0        3.8         18.6            102.7             114.9           50.5
Dec..................................     540.5       95.6      444.9   118.0      79.9       38.1       15.6        5.6         17.0            100.2             119.0           69.5

1980:  June.................................     558.2       98.5      459.7   116.5      73.4       43.1       15.3        5.3         14.0            100.1             118.2           90.3
Dec..................................     616.4      111.5      504.9   117.1      72.5       44.6       18.1        3.5         19.3            114.2             129.7          103.0

1981:  June.................................     651.2      115.0      536.2   107.4      69.2       38.2       19.9        9.0         19.9            125.6             136.6          117.8
Dec..................................     694.5      113.8      580.7   110.8      68.1       42.7       21.6       21.5         17.9            133.4             136.6          138.9

1982:  June.................................     740.9      114.7      626.2   114.1      67.4       46.7       24.4       22.4         17.6            155.4             137.2          155.1
Dec..................................     848.4      134.0      714.4   116.5      68.3       48.2       30.6       42.6         24.5            160.7             149.5          190.0

1983:  June.................................     948.6      167.4      781.2   121.3      69.7       51.6       37.8       28.3         32.8            181.8             160.1          219.1
Dec..................................   1,022.6      179.5      843.1   133.4      71.5       61.9       46.0       22.8         39.7            196.6             166.3          238.3

1984:  June.................................   1,102.2      180.6      921.6   142.2      72.9       69.3       51.2       14.9         45.3            219.7             171.6          276.6
Dec..................................   1,212.5      181.5    1,031.0   143.8      74.5       69.3       64.5       25.9         50.1            239.9             205.9          300.9

1985:  June.................................   1,292.0      195.6    1,096.4   148.7      76.7       72.0       69.1       24.8         54.9            272.9             213.8          312.2
Dec..................................   1,417.2      189.4    1,227.8   154.8      79.8       75.0       80.5       25.1         59.0            354.1             224.8          329.6

1986:  June.................................   1,502.7      194.4    1,308.3   159.5      83.8       75.7       87.9       22.8         61.2            397.7             250.9          328.2
Dec..................................   1,602.0      197.7    1,404.3   162.7      92.3       70.4      101.6       28.6         68.8            436.6             263.4          342.6

1987:  June.................................   1,658.1      192.5    1,465.6   165.6      96.8       68.8      104.7       20.6         79.7            482.7             281.1          331.2
Dec..................................   1,731.4      194.4    1,537.0   172.4     101.1       71.3      108.1       14.6         84.6            490.3             299.7          367.3

1988:  June.................................   1,786.7      190.8    1,595.9   182.0     106.2       75.8      113.5       13.4         87.6            493.0             345.4          360.9
Dec..................................   1,858.5      185.3    1,673.2   190.4     109.6       80.8      118.6       11.8         86.0            493.1             362.2          411.1

1989:  June.................................   1,909.1      178.4    1,730.7   211.7     114.0       97.7      120.6       11.3         91.0            459.9             369.1          467.1
Dec..................................   2,015.8      165.3    1,850.5   216.4     117.7       98.7      123.9       14.9         93.4            473.5             429.6          498.8

1990:  June.................................   2,141.8      177.3    1,964.5   229.6     121.9      107.7      133.7       28.0         96.9            525.2             427.3          523.8
Dec..................................   2,288.3      172.1    2,116.2   233.8     126.2      107.6      138.2       45.5        108.9            531.5             458.4          599.9

1991:  Mar..................................   2,360.6      187.5    2,173.1   238.3     129.7      108.6      147.2       65.4        114.9            548.7             464.3          594.3
June.................................   2,397.9      196.2    2,201.7   243.5     133.2      110.3      156.8       55.4        130.8            550.8             473.6          590.8
Sept.................................   2,489.4      217.5    2,271.9   257.5     135.4      122.1      171.4       64.5        142.0            561.0             477.3          598.3
Dec..................................   2,563.2      232.5    2,330.7   263.9     138.1      125.8      181.8       80.0        150.8            568.2             491.7          594.3

1992:  Mar..................................   2,664.0      255.9    2,408.1   268.1     142.0      126.1      188.4       84.8        166.0            587.8             507.9          605.1
June.................................   2,712.4      267.0    2,445.4   275.1     145.4      129.7      192.8       79.4        175.0            588.8             529.6          604.7
Sept.................................   2,765.5      287.5    2,478.0   281.2     150.3      130.9      194.8       79.4        180.8            586.9             535.2          619.7
Dec..................................   2,839.9      294.4    2,545.5   289.2     157.3      131.9      197.5       79.7        192.5            579.3             549.7          657.5

1993:  Mar..................................   2,895.0      310.2    2,584.8   297.7     163.6      134.1      208.0       77.9        199.3            596.9             564.2          640.9
June.................................   2,938.4      307.2    2,631.2   303.0     166.5      136.4      217.8       76.2        206.1            620.9             567.7          639.5
Sept.................................   2,983.0      313.9    2,669.1   305.8     169.1      136.7      229.4       74.8        215.6            627.5             591.3          624.6
Dec..................................   3,047.4      322.2    2,725.2   309.9     171.9      137.9      234.5       80.8        213.0            631.9             622.9          632.3

1994:  Mar..................................   3,094.6      344.9    2,749.7   315.1     175.0      140.1      234.5       69.3        216.3            626.9             633.3          654.3
June.................................   3,088.2      330.8    2,757.4   321.1     177.1      144.0      239.9       59.9        226.3            614.1             633.1          663.0
Sept.................................   3,127.8      313.9    2,813.9   327.2     178.6      148.6      246.2       59.9        229.3            568.8             655.6          726.9
Dec..................................   3,168.0      290.6    2,877.4   331.2     180.5      150.7      242.8       67.6        226.5            521.4             688.6          799.3

1995:  Mar..................................   3,239.2      307.5    2,931.7   342.8     181.4      161.4      249.2       67.7        230.3            503.1             729.0          809.5
June.................................   3,245.0      297.7    2,947.3   344.2     182.6      161.6      253.5       58.7        227.7            470.9             784.1          808.2
Sept.................................   3,279.5      295.0    2,984.5   345.9     183.5      162.4      255.0       64.2        224.1            422.9             848.1          824.3
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\1\ U.S. savings bonds, series A-F and J, are included at current redemption value.
\2\ Includes domestically chartered banks, U.S. branches and agencies of foreign banks, New York investment companies majority owned by foreign banks, and Edge Act corporations owned by
domestically chartered and foreign banks.
\3\ Includes partnerships and personal trust accounts.
\4\ Includes U.S. savings notes. Sales began May 1, 1967, and were discontinued June 30, 1970.
\5\ Exclusive of banks and insurance companies.
\6\ State and local government holdings have been redefined (beginning 1979) to include their fully defeased debt that is backed by nonmarketable Federal securities. Includes State and local
pension funds.
\7\ Consists of the investments of foreign and international accounts (both official and private) in U.S. public debt issues. Reflects 1978 benchmark through December 1984; December 1984
benchmark through 1989; and December 1989 benchmark thereafter.
\8\ Includes savings and loan associations, credit unions, nonprofit institutions, mutual savings banks, corporate pension trust funds, dealers and brokers, certain Government deposit
accounts, and Government-sponsored enterprises.

Source: Department of the Treasury.