Maturities · Month-end record, Monthly Statement of the Public Debt

How much US Treasury debt was maturing within a year on 28 February 2003?

On 28 February 2003, $1.34 trillion of marketable US Treasury debt was due within 12 months, 6.6% more than a year earlier ($1.26 trillion on 28 February 2002), the largest amount of any month-end we hold.

Marketable Treasury debt maturing each month, by kind

March 2003 to February 2004As of the month-end of 28 Feb 2003

$0.1T$0.2T$0.3TMarAprMayJunJulAugSepOctNovDecJanFeb

March 2003 Bills $243.21B Notes and bonds $28.85B Total $272.06BApril 2003 Bills $165.88B Notes and bonds $25.91B Total $191.79BMay 2003 Bills $230.08B Notes and bonds $29.71B Total $259.79BJune 2003 Bills $85.05B Notes and bonds $27.80B Total $112.85BJuly 2003 Bills $105.50B Notes and bonds $16.00B Total $121.50BAugust 2003 Bills $89.08B Notes and bonds $70.03B Total $159.11BSeptember 2003 Notes and bonds $22.68B Total $22.68BOctober 2003 Notes and bonds $25.15B Total $25.15BNovember 2003 Notes and bonds $52.06B Total $52.06BDecember 2003 Notes and bonds $29.67B Total $29.67BJanuary 2004 Notes and bonds $30.78B Total $30.78BFebruary 2004 Notes and bonds $62.52B Total $62.52B

Each kind

Bills
Notes and bonds
TIPS and FRNs

Each column is one month after the month-end, in parts by kind of security; pointing at a column shows them.

The linesLatest: 28 Feb 2003

Due within 12 months$1.34T
Bills$918.79B
Notes and bonds$421.15B
TIPS and FRNs$0

Inspect and compare dates

What matures within 12 months of this month-end beside the same months counted from the month-end a year earlier, 28 February 2002. Every month is in the table under "The numbers behind the chart".

Debt due within 12 months of 28 February 2003 and of 28 February 2002 ($ million)
Measure	This month-end	A year earlier
Month-end	28 February 2003	28 February 2002
Due within 12 months	1,339,944	1,256,457
Bills	918,794	833,244
Notes	407,140	398,896
Bonds	14,010	5,760
TIPS	0	18,557
FRNs	0	0
Securities	50	55
Bills share	68.6%	66.3%

Observed 28 Feb 2003.

That month-end

March 2003 is the largest month, with $272.06 billion.

Bills, the securities that mature within a year of issue, were 68.6% of what was due in these months.

A year earlier

At the month-end a year before, 28 February 2002, $1.26 trillion was due within the next 12 months, against $1.34 trillion at this one.

All marketable debt

Marketable Treasury debt outstanding at the month-end was $3.27 trillion, by kind:

Bills $918.79B
Notes and bonds $2.20T
TIPS and FRNs $152.59B

Bills made up 28.1% of it. Weighted by amount, it had 61.1 months to go until it matures, on average.

Each kind, in millions

Understanding the maturity calendar

Where it stands today

$1.34T was due within 12 months of the month-end of 28 Feb 2003, 68.6% of it in bills.

What does the maturity calendar show?

Treasury usually pays maturing debt with new borrowing, so the amount due is the amount Treasury rolls over into new securities.

Bills issued after the month-end are not here; the calendar filled with new bills every week.

The numbers behind the chart

How much was due in each of the 12 months after it?$ million, by kind

Marketable Treasury debt maturing each month ($ million)
Maturing in	Total	Bills	Notes	Bonds	Securities
March 2003	272,056	243,208	28,848	0	6
April 2003	191,790	165,879	25,912	0	6
May 2003	259,793	230,080	26,464	3,249	8
June 2003	112,846	85,048	27,798	0	6
July 2003	121,503	105,499	16,003	0	6
August 2003	159,109	89,080	66,528	3,501	8
September 2003	22,675	0	22,675	0	1
October 2003	25,148	0	25,148	0	1
November 2003	52,056	0	44,796	7,260	3
December 2003	29,667	0	29,667	0	1
January 2004	30,776	0	30,776	0	1
February 2004	62,524	0	62,524	0	3
All of these months	1,339,944	918,794	407,140	14,010	50

The table scrolls sideways; the first column stays in place.

What was all marketable debt made of?28 February 2003, $ million

Marketable Treasury debt outstanding at the month-end ($ million)
Kind	Amount, $ million	Share
Bills	918,794	28.1%
Notes	1,616,519	49.4%
Bonds	585,683	17.9%
TIPS	152,587	4.7%
Floating rate notes	0	0.0%
All marketable debt	3,273,583	100.0%

When are the figures from?