ECONOMIC

End of year ormonthTABLE B-76.—Estimated ownership of public debt securities^ 1967-76Total 2HeldGovernmentaccounts[Par values; 1 billions of dollars)Held byFederalReserveBanksTotalsTotal public debt securitiesCommercialbanks *Held by private investorsMutualsavingsbanksand insurancecompaniesCorporations5Stateand localgovernments«Individuals7Miscellaneousinvestors3 8Fiscal year:196719681969197019711972. .19731974322.9345.4352.9370.1397.3426.4457.3474.271.876.184.895.2102.9111.5123.4138.246.752.254.157.765.571.475.080.5204.4217.0214.0217.2228.9243.6258.9255.655.559.755.352.661.060.958.853.213.212.511.610.410.310.29.68.511.012.011.18.57.49.39.810.823.625.126.429.025.926.928.828.370.474.277.381.875.473.275.980.730.733.432.335.049.163.276.074.219751976533.2620.4145.3149.684.794.4303.2376.469.091.810.615.613.225.029.639.587.196.493.6108.01975: JanFeb..MarAprMay.June494.1499.7509 7516.7528.2533.2139.0139.8138.5138.0140.9145.381.381.181.487.885.684.7273.8278.9289.8290.9301.7303.254.656.561.864.167.769.08.99.09.510.010.510.611.311.412.012.513.713.230.030.529.729.829.829.685.385.385.786.186.687.183.886.291.188.593.493.6July...Aug . .Sept..OctNov . .Dec...538.2547.7553.6562.0566.8576.6142.5144.8142.3138.9137 7139.381.982.587.087.285.187.9313.8320.4324.4336.0343.9349.471.874.878.379.382.285.111.111.411.712.113.213.816.216.015.017.520.020.231.331.232.233.833.933.887.688.789.690.691.091.495.898.497.7102.7103.6105.11976: JanFebMar . . .Apr....MayJune584.4593.9600.5602.0610.7620.4139.3139.8139.1139.1143.7149.689.889.089.891.890.594.4355.3365.0371.7371.0376.4376.486.087.291.991.791.691.814.715.015.515.415.715.621.223.223.023.826.025.034.636.437.837.737.639.591.793.994.594.795.996.4107.2109.5108.9107.6109.7108.0JulyAugSeptOct...NovDec p624.5633.3634.7637.6644.6653.5147.6148.0146.1144.6144.9145.090.794.096.495.791.797.0386.2391.3392.2397.3408.1411.594.092.593.394.899.816.417.016.917.417.627.027.825.724.724.237.238.739.141.542.197.199.799.7100.0100.7114.7115.5117.5118. £123.7* U.S. savings bonds, series A-F and J, and U.S. savings notes are included at current redemption value.2 As of July 31, 1974, public debt outstanding has been adjusted to exclude the notes of the International MonetaryFund to conform with the Budget presentation. This adjustment applies to the 1967-76 data in this table.3 For comparability with 1975-76 published data, published data for 1967-74 have been adjusted to exclude notes ofthe International Monetary Fund. These adjustments amounted to $3.3 billion in 1967, $2.2 billion in 1968, and $0.8 billionin each year 1969 through 1974. These adjustments were necessary in order to add to the total public debt figures aspublished by the Department of the Treasury.4 Includes commercial banks, trust companies, and stock savings banks in the United States and Territories and islandpossessions; figures exclude securities held in trust departments. Since the estimates in this table are on the basis of parvalues and include holdings of banks in United States Territories and possessions, they do not agree with the estimatesin Table B-58, which are based on book values and relate only to banks within the United States.8 Exclusive of banks and insurance companies.• Includes trust, sinking, and investment funds of State and local governments and their agencies, and of Territoriesand possessions.7 Includes partnerships and personal trust accounts.8 Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers,certain government deposit accounts and goveinment-sponsoied agencies, and investments of foreign balances and internationalaccounts in this country.Source: Department of the Treasury.275