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

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

On 31 May 2003, $1.38 trillion of marketable US Treasury debt was due within 12 months, 13.3% more than a year earlier ($1.22 trillion on 31 May 2002), the largest amount of any month-end we hold.

Marketable Treasury debt maturing each month, by kind

June 2003 to May 2004As of the month-end of 31 May 2003

$0.1T$0.2T$0.3TJunJulAugSepOctNovDecJanFebMarAprMay

June 2003 Bills $251.74B Notes and bonds $27.80B Total $279.53BJuly 2003 Bills $205.43B Notes and bonds $16.00B Total $221.43BAugust 2003 Bills $172.09B Notes and bonds $70.03B Total $242.12BSeptember 2003 Bills $89.26B Notes and bonds $22.68B Total $111.94BOctober 2003 Bills $108.70B Notes and bonds $25.15B Total $133.85BNovember 2003 Bills $83.57B Notes and bonds $52.06B Total $135.63BDecember 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 $32.87BApril 2004 Notes and bonds $32.66B Total $32.66BMay 2004 Notes and bonds $70.42B Total $70.42B

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 May 2003

Due within 12 months$1.38T
Bills$910.78B
Notes and bonds$472.62B
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 May 2002. Every month is in the table under "The numbers behind the chart".

Debt due within 12 months of 31 May 2003 and of 31 May 2002 ($ million)
Measure	This month-end	A year earlier
Month-end	31 May 2003	31 May 2002
Due within 12 months	1,383,409	1,220,535
Bills	910,785	816,130
Notes	458,108	376,625
Bonds	14,516	9,009
TIPS	0	18,772
FRNs	0	0
Securities	50	55
Bills share	65.8%	66.9%

Observed 31 May 2003.

That month-end

June 2003 is the largest month, with $279.53 billion.

Bills, the securities that mature within a year of issue, were 65.8% of what was due in these months.

A year earlier

At the month-end a year before, 31 May 2002, $1.22 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 $3.31 trillion, by kind:

Bills $910.78B
Notes and bonds $2.25T
TIPS and FRNs $155.33B

Bills made up 27.5% of it. Weighted by amount, it had 60.1 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 May 2003, 65.8% 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
June 2003	279,533	251,735	27,798	0	7
July 2003	221,432	205,429	16,003	0	6
August 2003	242,119	172,089	66,528	3,501	8
September 2003	111,937	89,261	22,675	0	5
October 2003	133,849	108,701	25,148	0	6
November 2003	135,627	83,571	44,796	7,260	7
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
April 2004	32,655	0	32,655	0	1
May 2004	70,418	0	66,663	3,755	4
All of these months	1,383,409	910,785	458,108	14,516	50

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

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

Marketable Treasury debt outstanding at the month-end ($ million)
Kind	Amount, $ million	Share
Bills	910,785	27.5%
Notes	1,663,783	50.2%
Bonds	582,434	17.6%
TIPS	155,328	4.7%
Floating rate notes	0	0.0%
All marketable debt	3,312,331	100.0%

When are the figures from?