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

How much US Treasury debt was maturing within a year on 31 March 2003?

On 31 March 2003, $1.38 trillion of marketable US Treasury debt was due within 12 months, 10.0% more than a year earlier ($1.25 trillion on 31 March 2002), the largest amount of any month-end we hold.

Marketable Treasury debt maturing each month, by kind

April 2003 to March 2004As of the month-end of 31 Mar 2003

$0.1T$0.2T$0.3TAprMayJunJulAugSepOctNovDecJanFebMar

April 2003 Bills $269.01B Notes and bonds $25.91B Total $294.92BMay 2003 Bills $230.08B Notes and bonds $29.71B Total $259.79BJune 2003 Bills $172.12B Notes and bonds $27.80B Total $199.92BJuly 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 Bills $89.26B Notes and bonds $22.68B Total $111.93BOctober 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 $62.52BMarch 2004 Notes and bonds $32.87B Total $32.87B

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: 31 Mar 2003

Due within 12 months$1.38T
Bills$955.05B
Notes and bonds$425.18B
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, 31 March 2002. Every month is in the table under "The numbers behind the chart".

Debt due within 12 months of 31 March 2003 and of 31 March 2002 ($ million)
Measure	This month-end	A year earlier
Month-end	31 March 2003	31 March 2002
Due within 12 months	1,380,224	1,254,968
Bills	955,049	834,409
Notes	411,166	396,205
Bonds	14,010	5,760
TIPS	0	18,595
FRNs	0	0
Securities	49	55
Bills share	69.2%	66.5%

Observed 31 Mar 2003.

That month-end

April 2003 is the largest month, with $294.92 billion.

Bills, the securities that mature within a year of issue, were 69.2% of what was due in these months.

A year earlier

At the month-end a year before, 31 March 2002, $1.25 trillion was due within the next 12 months, against $1.38 trillion at this one.

All marketable debt

Marketable Treasury debt outstanding at the month-end was $3.32 trillion, by kind:

Bills $955.05B
Notes and bonds $2.21T
TIPS and FRNs $153.23B

Bills made up 28.8% of it. Weighted by amount, it had 59.8 months to go until it matures, on average.

Each kind, in millions

Understanding the maturity calendar

Where it stands today

$1.38T was due within 12 months of the month-end of 31 Mar 2003, 69.2% 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
April 2003	294,921	269,010	25,912	0	6
May 2003	259,790	230,077	26,464	3,249	8
June 2003	199,921	172,123	27,798	0	6
July 2003	121,503	105,499	16,003	0	6
August 2003	159,112	89,082	66,528	3,501	8
September 2003	111,933	89,257	22,675	0	5
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
March 2004	32,874	0	32,874	0	1
All of these months	1,380,224	955,049	411,166	14,010	49

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

What was all marketable debt made of?31 March 2003, $ million

Marketable Treasury debt outstanding at the month-end ($ million)
Kind	Amount, $ million	Share
Bills	955,049	28.8%
Notes	1,622,882	48.9%
Bonds	585,683	17.7%
TIPS	153,228	4.6%
Floating rate notes	0	0.0%
All marketable debt	3,316,842	100.0%

When are the figures from?