[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-89.--Estimated ownership of public debt securities by private investors, 1976-97 [Par values;\1\ billions of dollars] -------------------------------------------------------------------------------------------------------------------------------------------------------- Held by private investors ---------------------------------------------------------------------------------------------------------------------- Nonbank investors -------------------------------------------------------------------------------------------------- End of month Com- Individuals\3\ State Total mer- --------------------------- Money Corp- and Foreign Other cial Total Other Insurance market ora- local and inves- banks\2\ Total Savings securi- companies funds tions\5\ govern- interna- tors\8\ bonds\4\ ties ments\6\ tional\7\ -------------------------------------------------------------------------------------------------------------------------------------------------------- 1976: June...................... 376.4 92.5 283.9 96.1 69.6 26.5 10.7 0.8 23.3 36.7 69.8 46.5 Dec....................... 409.5 103.8 305.7 101.6 72.0 29.6 12.7 1.1 23.5 44.3 78.1 44.4 1977: June...................... 421.0 102.9 318.1 104.9 74.4 30.5 13.0 .8 22.1 56.7 87.9 32.7 Dec....................... 461.3 102.0 359.3 107.8 76.7 31.1 15.1 .9 18.2 68.1 109.6 39.6 1978: June...................... 477.8 99.6 378.2 109.0 79.1 29.9 14.2 1.3 17.3 82.6 119.5 34.3 Dec....................... 508.6 95.3 413.3 114.0 80.7 33.3 15.3 1.5 17.3 93.1 133.1 39.0 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 19.9 128.1 136.6 115.3 Dec....................... 694.5 113.8 580.7 110.8 68.1 42.7 21.6 21.5 17.9 135.9 136.6 136.4 1982: June...................... 740.9 114.7 626.2 114.1 67.4 46.7 24.4 22.4 17.6 157.9 137.2 152.6 Dec....................... 848.4 134.0 714.4 116.5 68.3 48.2 30.6 42.6 24.5 163.2 149.5 187.5 1983: June...................... 948.6 167.4 781.2 121.3 69.7 51.6 37.8 28.3 32.8 184.3 160.1 216.6 Dec....................... 1,022.6 179.5 843.1 133.4 71.5 61.9 46.0 22.8 39.7 199.1 166.3 235.8 1984: June...................... 1,102.2 180.6 921.6 142.2 72.9 69.3 51.2 14.9 45.3 218.7 171.6 277.7 Dec....................... 1,212.5 181.5 1,031.0 143.8 74.5 69.3 64.5 25.9 50.1 233.9 205.9 306.9 1985: June...................... 1,292.0 195.6 1,096.4 148.7 76.7 72.0 69.1 24.8 54.9 267.7 213.8 317.4 Dec....................... 1,417.2 189.4 1,227.8 154.8 79.8 75.0 80.5 25.1 59.0 341.5 224.8 342.1 1986: June...................... 1,502.7 194.4 1,308.3 159.5 83.8 75.7 87.9 22.8 61.2 381.2 250.9 344.8 Dec....................... 1,602.0 197.7 1,404.3 162.7 92.3 70.4 101.6 28.6 68.8 418.5 263.4 360.7 1987: June...................... 1,658.1 192.5 1,465.6 165.6 96.8 68.8 104.7 20.6 79.7 464.3 281.1 349.6 Dec....................... 1,731.4 194.4 1,537.0 172.4 101.1 71.3 108.1 14.6 84.6 478.3 299.7 379.3 1988: June...................... 1,786.7 190.8 1,595.9 182.0 106.2 75.8 113.5 13.4 87.6 482.7 345.4 371.3 Dec....................... 1,858.5 185.3 1,673.2 190.4 109.6 80.8 118.6 11.8 86.0 488.1 362.2 416.1 1989: June...................... 1,909.1 178.4 1,730.7 211.7 114.0 97.7 120.6 11.3 91.0 482.6 369.1 444.4 Dec....................... 2,015.8 165.3 1,850.5 216.4 117.7 98.7 123.9 14.9 93.4 493.9 429.6 478.4 1990: June...................... 2,141.8 177.3 1,964.5 229.6 121.9 107.7 133.7 28.0 96.9 545.2 427.3 503.8 Dec....................... 2,288.3 172.1 2,116.2 233.8 126.2 107.6 138.2 45.5 108.9 550.3 458.4 581.1 1991: June...................... 2,397.9 196.2 2,201.7 243.5 133.2 110.3 156.8 55.2 130.8 565.9 473.6 575.8 Dec....................... 2,563.2 232.5 2,330.7 263.9 138.1 125.8 181.8 80.0 150.8 583.0 491.7 579.5 1992: June...................... 2,712.4 267.0 2,445.4 275.1 145.4 129.7 192.8 79.4 175.0 576.8 529.6 616.7 Dec....................... 2,839.9 294.4 2,545.5 289.2 157.3 131.9 197.5 79.7 192.5 562.7 549.7 674.2 1993: Mar....................... 2,895.0 310.2 2,584.8 297.7 163.6 134.1 208.0 77.9 199.3 582.5 564.2 655.2 June...................... 2,936.3 307.2 2,629.1 303.0 166.5 136.4 217.8 76.2 206.1 596.1 567.7 662.1 Sept...................... 2,983.0 313.9 2,669.1 305.8 169.1 136.7 229.4 74.8 215.6 596.8 591.3 655.3 Dec....................... 3,047.4 322.2 2,725.2 309.9 171.9 137.9 234.5 80.8 213.0 609.2 622.9 655.0 1994: Mar....................... 3,094.6 344.4 2,750.2 315.1 175.0 140.1 233.4 69.3 216.3 614.4 633.3 668.3 June...................... 3,088.2 330.1 2,758.1 321.1 177.1 144.0 238.0 59.9 226.3 595.9 633.2 683.7 Sept...................... 3,127.8 313.2 2,814.6 327.2 178.6 148.6 243.7 59.9 229.3 569.1 655.8 729.6 Dec....................... 3,168.0 290.4 2,877.6 331.2 180.5 150.7 240.1 67.6 224.5 540.2 688.6 785.5 1995: Mar....................... 3,239.2 308.1 2,931.1 342.8 181.4 161.4 244.2 67.7 230.3 525.3 729.2 791.6 June...................... 3,245.0 298.4 2,946.6 344.2 182.6 161.6 245.0 58.7 227.7 485.5 784.2 801.2 Sept...................... 3,279.5 289.4 2,990.1 345.9 183.5 162.4 245.2 64.2 224.1 454.2 848.4 808.1 Dec....................... 3,294.9 278.7 3,016.2 347.7 185.0 162.7 241.5 71.5 228.8 421.5 862.2 843.0 1996: Mar........................ 3,382.8 284.0 3,098.8 347.2 185.8 161.4 239.4 85.7 229.0 423.4 931.5 842.6 June...................... 3,347.3 280.2 3,067.1 347.6 186.5 161.1 229.5 82.1 230.9 403.1 959.8 814.1 Sept...................... 3,386.2 274.8 3,111.4 353.8 186.8 167.0 226.8 85.2 249.1 326.4 1,030.9 839.2 Dec....................... 3,411.2 261.7 3,149.5 356.6 187.0 169.6 214.1 91.6 258.5 363.7 1,131.8 733.2 1997: Mar........................ 3,451.7 282.3 3,169.4 355.4 186.5 168.9 214.3 84.0 262.5 348.0 1,215.4 689.8 June...................... 3,361.7 265.7 3,096.0 355.4 186.3 169.1 203.4 77.4 261.0 337.4 1,246.9 614.5 Sept...................... 3,388.9 260.0 3,128.9 354.8 186.2 168.6 192.0 76.4 266.5 333.5 1,292.4 613.3 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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 banks, foreign banks, and banks in U.S. affiliated territories. \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 (beginning 1979) include their fully defeased debt that is backed by U.S. Treasury 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.