trade, and all service activities other than financi The security types used in the offerings tables are Stock and Common Stock. The Bonds group includes co which are detailed on a special table. The Preferre includes convertible preferred stock; however, in th registered convertible preferred stock accounted for of the value of all registered preferred stock. The category includes common shares issued by closed-end (preferred shares are included in Preferred Stock), issued by non-corporate business such as certificate and shares of beneficial interest, and other equity voting trust certifcates and certificates of deposit Receipts are not included in the offerings statistic All figures are subject to revisions as new informat available which requires either an addition to or a previously published. Revised figures will be indic 1/ Explanatory notes applicable to the offerings dat may be found in Volume 33, pages 45 and 46, of th Bulletin. The major difference between the predata is that until 1971 the securities cited in f were included in the offerings statistics. 2/ 3(a) (2) exempts domestic government issues and ba 3(a) (3) exempts securities arising out of current a maturity not exceeding 9 months, 3(a) (4) exempts securities issued by non-profit a groups, 3(a) (5) exempts issues by savings and loan associ 3(a) (6) exempts issues by companies regulated by 3(a) (11) exempts intrastate offerings. 3/ No investment company shares are included for 197 closed-end investment company shares only are inc The Commission plans to revise the offerings data closed-end shares for the years 1971 and 1972, an is completed, revised tables will be published in Bulletin. EXPLANATORY NOTES Registrations Data cover all registrations which became effective under the Securities Act of 1933 during the period covered. Issues are included as of the effective date, with the exception of those subject to post-effective amendment to report terms of offering. These are included as of the date of the post-effective amendment. The classification primary corporate offerings refer to registered offerings for immediate cash sale where the proceeds of the offering are at the disposal of the issuing corporations. Secondary offerings are registrations of outstanding securities where the proceeds of the issue do not accrue to the issuing company. The dollar amount for both type offerings is based generally on the initial offering price. The classification unseasoned common stock includes initial offerings by companies registering common stock for the first time under the Securities Act of 1933, whereas seasoned common stock offerings are registrations by companies previously having securities registered under the 1933 Act. Other equity securities classification consists of offerings of certificates of participation or beneficial interests, warrants or options, voting trust certificates and other equity securities. Issues to be offered for extended cash sale include investment company issues, and all offerings of employee savings and stock option plans. The classification foreign government is shown separately, whereas registrations by foreign corporations are included in with corporate offerings. Investment company securities include Closed-end securities open-end, face-amount and unit trust offerings. are included in primary corporate offerings. Issues registered for other noncash purposes such as exchange. transactions, securities given for property or services, or reserved for conversion are generally valued at the current market prices. In order to eliminate double counting, the number of issues are shown for primary and secondary offerings only. However, effective registrations cover all cash offerings, noncash offerings, and offerings for extended cash sale. Dollar amounts have been rounded and will not add to totals. |