Newly issued Treasury securities held in stripped form increased about $2.074 billion in September to a total of $256.366 billion, the Bureau of the Public Debt reported Thursday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $23.071 billion of Treasury securities were reconstituted in September, up about $7.861 billion from $15.210 billion in August.

Securities eligible for stripping totaled $11.953 trillion in September, down about $52 billion from $12.004 trillion in August.

Some $11.696 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.

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