Newly issued Treasury securities held in stripped form decreased about $885 million in August to a total of $287.949 billion, the Bureau of the Public Debt reported Monday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $24.073 billion of Treasury securities were reconstituted in August, up about $8.849 million from $15.225 billion in July.
Securities eligible for stripping totaled $12.596 trillion in August, up about $63 billion from $12.535 trillion in July.
Some $12.310 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.
