Newly issued Treasury securities held in stripped form increased about $1.069 billion in September to a total of $191.748 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $13.895 billion of Treasury securities were reconstituted in September, off about $4.267 million from $18.162 billion in August.
Securities eligible for stripping totaled $9.074 trillion in September down about $13 billion from $9.087 trillion in August.
Some $8.882 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.