Newly issued Treasury securities held in stripped form decreased about $1.140 billion in August to a total of $190.679 billion, the Bureau of the Public Debt reported Friday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $18.162 billion of Treasury securities were reconstituted in August, off about $140 million from $18.302 billion in July.
Securities eligible for stripping totaled $9.087 trillion in August up about $68 billion from $9.019 trillion in July.
Some $8.896 trillion were held in unstripped form.
The STRIPS program allows investors to hold and trade the individual interest and principal components of eligible Treasury notes and bonds as separate securities.