Newly issued Treasury securities held in stripped form decreased about $2.617 billion in August to a total of $214.026 billion, the Bureau of the Public Debt reported Friday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $14.325 billion of Treasury securities were reconstituted in August, off about $2.341 billion from $16.667 billion in July.
Securities eligible for stripping totaled $11.136 trillion in August up about $36 billion from $11.100 trillion in July.
Some $10.922 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.
