[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-89.--Estimated ownership of U.S. Treasury securities, 1992-2003
[Billions of dollars]
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Held by private investors
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Total     Federal                                               Pension funds
End of month                    public   Reserve and    Total                       U.S.   -------------------------                       State and    Foreign
debt \1\   Government  privately     Depository     savings               State and   Insurance   Mutual      local     and inter-     Other
accounts      held      institutions     bonds     Private      local     companies    funds   governments    nation-    investors
\2\                       \3\           \4\        \5\     governments                \6\                   al \7\        \8\
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1992:  Mar.....................................   3,881.3    1,215.5      2,665.8        300.5         142.0      116.9       141.7        188.4     193.8       460.0       536.4       586.0
June....................................   3,984.7    1,272.3      2,712.4        315.1         145.4      116.8       146.7        192.8     193.7       435.6       558.2       608.1
Sept....................................   4,064.6    1,282.4      2,782.2        337.2         150.3      120.1       166.4        194.8     195.9       429.3       562.8       625.4
Dec.....................................   4,177.0    1,329.7      2,847.3        348.3         157.3      121.2       172.3        197.5     200.4       418.2       576.7       655.3

1993:  Mar.....................................   4,230.6    1,328.6      2,902.0        362.6         163.6      112.3       171.2        208.0     202.0       434.0       585.9       662.5
June....................................   4,352.0    1,400.6      2,951.4        360.9         166.5      111.8       176.9        217.8     207.5       441.2       596.8       672.0
Sept....................................   4,411.5    1,422.2      2,989.3        366.2         169.1      125.3       189.2        229.4     217.6       434.0       619.1       639.4
Dec.....................................   4,535.7    1,476.1      3,059.6        373.0         171.9      119.6       186.6        234.5     227.1       447.8       650.3       648.9

1994:  Mar.....................................   4,575.9    1,476.0      3,099.9        397.4         175.0      119.9       195.3        233.4     212.8       443.4       661.1       661.6
June....................................   4,645.8    1,547.5      3,098.3        383.8         177.1      129.2       193.4        238.0     204.6       425.2       659.9       687.1
Sept....................................   4,692.8    1,562.8      3,130.0        364.0         178.6      136.2       191.9        243.7     201.6       398.2       682.0       733.8
Dec.....................................   4,800.2    1,622.6      3,177.6        339.6         179.9      139.9       191.9        240.1     209.4       370.0       667.3       839.5

1995:  Mar.....................................   4,864.1    1,619.3      3,244.8        353.0         181.4      141.6       203.1        244.2     210.6       350.5       707.0       853.5
June....................................   4,951.4    1,690.1      3,261.3        340.0         182.6      142.5       197.2        245.0     202.5       313.7       762.5       875.5
Sept....................................   4,974.0    1,688.0      3,286.0        330.8         183.5      141.9       193.0        245.2     211.6       304.3       820.4       855.4
Dec.....................................   4,988.7    1,681.0      3,307.7        315.4         185.0      142.6       191.7        241.5     225.1       289.8       835.2       881.4

1996:  Mar.....................................   5,117.8    1,731.1      3,386.7        322.1         185.8      144.2       198.9        239.4     240.9       283.6       908.1       863.6
June....................................   5,161.1    1,806.7      3,354.4        318.7         186.5      144.5       208.2        229.5     230.6       283.3       929.7       823.4
Sept....................................   5,224.8    1,831.6      3,393.2        310.9         186.8      141.1       202.4        226.8     226.8       263.7       993.4       841.3
Dec.....................................   5,323.2    1,892.0      3,431.2        296.6         187.0      139.9       203.5        214.1     227.4       257.0     1,102.1       803.6

1997:  Mar.....................................   5,380.9    1,928.7      3,452.2        317.3         186.5      141.4       203.7        181.8     221.9       248.1     1,157.6       793.9
June....................................   5,376.2    1,998.9      3,377.3        300.1         186.3      141.9       209.3        183.1     216.8       243.3     1,182.7       713.7
Sept....................................   5,413.1    2,011.5      3,401.6        292.8         186.2      142.9       219.7        186.8     221.6       235.2     1,230.5       685.8
Dec.....................................   5,502.4    2,087.8      3,414.6        300.3         186.5      144.1       216.9        176.6     232.4       239.3     1,241.6       677.0

1998:  Mar.....................................   5,542.4    2,104.9      3,437.5        308.3         186.2      136.5       211.9        169.4     234.7       238.1     1,250.5       701.8
June....................................   5,547.9    2,198.6      3,349.3        290.9         186.0      129.6       214.8        160.6     230.7       258.5     1,256.0       622.2
Sept....................................   5,526.2    2,213.0      3,313.2        244.4         186.0      121.1       211.2        151.3     231.8       266.4     1,224.2       676.8
Dec.....................................   5,614.2    2,280.2      3,334.0        237.4         186.6      113.2       217.7        141.7     253.5       269.3     1,278.7       635.9

1999:  Mar.....................................   5,651.6    2,324.1      3,327.5        247.4         186.5      109.5       218.4        137.5     254.0       272.5     1,272.3       629.4
June....................................   5,638.8    2,439.6      3,199.2        240.6         186.5      111.0       222.5        133.6     227.9       279.1     1,258.8       539.2
Sept....................................   5,656.3    2,480.9      3,175.4        241.2         186.2      110.8       215.3        128.0     224.4       271.6     1,281.4       516.5
Dec.....................................   5,776.1    2,542.2      3,233.9        248.6         186.4      110.5       211.2        123.4     228.7       266.8     1,268.7       589.6

2000:  Mar.....................................   5,773.4    2,590.6      3,182.8        237.7         185.3      108.5       211.1        120.0     222.0       260.0     1,106.9       731.2
June....................................   5,685.9    2,698.6      2,987.3        222.1         184.6      110.0       210.5        116.5     204.9       262.9     1,082.0       593.9
Sept....................................   5,674.2    2,737.9      2,936.3        220.5         184.3      110.3       200.7        113.7     207.4       251.4     1,057.9       590.0
Dec.....................................   5,662.2    2,781.8      2,880.4        201.4         184.8      109.1       195.7        110.2     220.8       247.7     1,034.2       576.5

2001:  Mar.....................................   5,773.7    2,880.9      2,892.8        188.0         184.8      106.7       195.3        109.1     220.7       259.3     1,029.9       599.0
June....................................   5,726.8    3,004.2      2,722.6        188.1         185.5      106.9       204.4        108.1     217.4       272.0     1,000.5       439.8
Sept....................................   5,807.5    3,027.8      2,779.7        189.1         186.4      104.7       187.7        106.8     231.5       286.8     1,005.5       481.2
Dec.....................................   5,943.4    3,123.9      2,819.5        181.5         190.3      105.8       177.4        105.7     257.5       295.4     1,051.2       454.7

2002:  Mar.....................................   6,006.0    3,156.8      2,849.2        187.6         192.0      107.9       187.0        114.0     264.8       298.9     1,067.1       430.1
June....................................   6,126.5    3,276.7      2,849.8        204.6         192.8      110.5       177.2        122.0     252.1       311.8     1,134.3       344.6
Sept....................................   6,228.2    3,303.5      2,924.8        210.4         193.3      112.9       174.1        130.4     255.7       308.9     1,199.6       339.5
Dec.....................................   6,405.7    3,387.2      3,018.5        222.8         194.9      116.4       176.3        139.7     279.0       315.0     1,245.3       329.1

2003:  Mar.....................................   6,460.8    3,390.9      3,069.8        153.1         196.9      120.3       177.2        151.2     296.3       306.2     1,287.4       381.4
June....................................   6,670.1    3,505.4      3,164.7        144.8         199.1      123.0       185.4        161.7     298.5       318.5     1,384.0       349.7
Sept....................................   6,783.2    3,515.3      3,268.0  ...............     201.6  ..........  ...........  .........  ........  ...........    1,458.5  ............
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\1\ Face value.
\2\ Federal Reserve holdings exclude Treasury securities held under repurchase agreements.
\3\ Includes commercial banks, savings institutions, and credit unions.
\4\ Current accrual value.
\5\ Includes Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan ``G Fund.''
\6\ Includes money market mutual funds, mutual funds, and closed-end investment companies.
\7\ Includes nonmarketable foreign series Treasury securities and Treasury deposit funds. Excludes Treasury securities held under repurchase agreements in custody accounts at the Federal
Reserve Bank of New York.
Estimates reflect the 1989 benchmark to December 1994, the 1994 benchmark to March 2000, the March 2000 benchmark to June 2002, and the June 2002 benchmark (released in December 2003) to
date.
\8\ Includes individuals, Government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and noncorporate businesses, and other investors.

Note.--Data shown in this table are as of December 2003.

Source: Department of the Treasury.