(Archived Content)
HP-1138
Treasury International Capital (TIC) data for July 2008 are released today and posted on the U.S. Treasury website ( www.treas.gov/tic). The next release, which will report on data for August, is scheduled for October 16, 2008.
Net foreign purchases of long-term securities were $6.1 billion.
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Net foreign purchases of long-term U.S. securities were negative $25.6 billion. Of this, net purchases by private foreign investors were negative $20.7 billion, and net purchases by foreign official institutions were negative $4.9 billion.
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U.S. residents sold a net $31.7 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $8.2 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $8.4 billion. Foreign holdings of Treasury bills decreased $4.4 billion.
Banks’ own net dollar-denominated liabilities to foreign residents declined $58.1 billion.
Monthly net TIC flows were negative $74.8 billion. Of this, net foreign private flows were negative $92.9 billion, and net foreign official flows were $18.2 billion.
-30-
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TIC Monthly Reports on Cross-Border Financial Flows |
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(Billions of dollars, not seasonally adjusted) |
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12 Months Through |
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2006 |
2007 |
Jul-07 |
Jul-08 |
Apr-08 |
May-08 |
Jun-08 |
Jul-08 |
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Foreigners' Acquisitions of Long-term Securities |
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1 |
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Gross Purchases of Domestic U.S. Securities |
21077.1 |
29730.6 |
25290.0 |
33496.1 |
2584.6 |
2599.2 |
2794.1 |
2819.5 |
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2 |
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Gross Sales of Domestic U.S. Securities |
19933.9 |
28714.7 |
24038.1 |
32727.0 |
2478.9 |
2489.6 |
2731.4 |
2845.1 |
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3 |
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Domestic Securities Purchased, net (line 1 less line 2) /1 |
1143.2 |
1015.9 |
1252.0 |
769.0 |
105.7 |
109.7 |
62.7 |
-25.6 |
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4 |
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Private, net /2 |
946.6 |
828.2 |
1036.6 |
520.0 |
64.4 |
93.2 |
47.8 |
-20.7 |
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5 |
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Treasury Bonds & Notes, net |
125.9 |
197.9 |
164.7 |
259.3 |
54.7 |
9.4 |
27.2 |
24.2 |
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6 |
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Gov't Agency Bonds, net |
193.8 |
107.0 |
156.1 |
93.0 |
4.3 |
17.1 |
22.3 |
-33.8 |
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7 |
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Corporate Bonds, net |
482.2 |
342.8 |
505.1 |
143.1 |
17.5 |
50.8 |
0.6 |
-4.3 |
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8 |
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Equities, net |
144.6 |
180.4 |
210.7 |
24.5 |
-12.0 |
15.9 |
-2.3 |
-6.8 |
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9 |
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Official, net /3 |
196.6 |
187.7 |
215.4 |
249.1 |
41.3 |
16.4 |
14.9 |
-4.9 |
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10 |
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Treasury Bonds & Notes, net |
69.6 |
3.0 |
52.6 |
90.3 |
22.3 |
-3.7 |
1.1 |
10.1 |
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11 |
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Gov't Agency Bonds, net |
92.6 |
119.1 |
127.9 |
64.9 |
11.0 |
11.0 |
9.1 |
-16.2 |
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12 |
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Corporate Bonds, net |
28.6 |
50.6 |
35.1 |
61.4 |
7.5 |
9.1 |
4.1 |
0.2 |
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13 |
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Equities, net |
5.8 |
15.1 |
-0.2 |
32.4 |
0.4 |
0.0 |
0.5 |
1.1 |
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14 |
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Gross Purchases of Foreign Securities from U.S. Residents |
5515.9 |
8187.6 |
7031.7 |
8520.7 |
698.7 |
676.7 |
688.3 |
720.2 |
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15 |
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Gross Sales of Foreign Securities to U.S. Residents |
5766.8 |
8411.9 |
7312.0 |
8615.9 |
688.2 |
703.1 |
697.5 |
688.5 |
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16 |
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Foreign Securities Purchased, net (line 14 less line 15) /4 |
-250.9 |
-224.3 |
-280.3 |
-95.2 |
10.5 |
-26.4 |
-9.2 |
31.7 |
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17 |
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Foreign Bonds Purchased, net |
-144.5 |
-129.0 |
-153.1 |
-53.5 |
10.7 |
-8.3 |
-10.8 |
13.6 |
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18 |
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Foreign Equities Purchased, net |
-106.5 |
-95.3 |
-127.3 |
-41.7 |
-0.2 |
-18.1 |
1.6 |
18.1 |
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19 |
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Net Long-Term Securities Transactions (line 3 plus line 16): |
892.3 |
791.6 |
971.6 |
673.8 |
116.1 |
83.2 |
53.4 |
6.1 |
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20 |
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Other Acquisitions of Long-term Securities, net /5 |
-174.6 |
-235.1 |
-220.2 |
-217.7 |
-12.3 |
-22.6 |
-16.8 |
-14.3 |
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21 |
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Net Foreign Acquisition of Long-Term Securities |
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(lines 19 and 20) : |
717.7 |
556.5 |
751.4 |
456.1 |
103.9 |
60.6 |
36.6 |
-8.2 |
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22 |
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Increase in Foreign Holdings of Dollar-denominated Short-term |
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U.S. Securities and Other Custody Liabilities: /6 |
146.2 |
197.6 |
88.2 |
194.3 |
-14.0 |
9.3 |
-2.2 |
-8.4 |
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23 |
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U.S. Treasury Bills |
-9.0 |
48.8 |
-9.6 |
125.8 |
3.4 |
11.4 |
6.9 |
-4.4 |
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24 |
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Private, net |
16.1 |
29.3 |
0.1 |
69.5 |
-11.0 |
7.2 |
0.3 |
-10.3 |
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25 |
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Official, net |
-25.0 |
19.5 |
-9.7 |
56.3 |
14.4 |
4.3 |
6.7 |
5.9 |
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26 |
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Other Negotiable Instruments |
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and Selected Other Liabilities: /7 |
155.1 |
148.8 |
97.9 |
68.6 |
-17.4 |
-2.1 |
-9.1 |
-4.1 |
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27 |
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Private, net |
174.9 |
72.7 |
112.4 |
16.9 |
-4.4 |
10.2 |
-11.1 |
-10.3 |
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28 |
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Official, net |
-19.8 |
76.1 |
-14.6 |
51.6 |
-13.0 |
-12.3 |
2.0 |
6.3 |
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29 |
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Change in Banks' Own Net Dollar-Denominated Liabilities |
198.0 |
-133.8 |
38.9 |
-440.3 |
23.0 |
-74.1 |
25.5 |
-58.1 |
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30 |
Monthly Net TIC Flows (lines 21,22,29) /8 |
1061.8 |
620.4 |
878.6 |
210.1 |
112.9 |
-4.1 |
59.9 |
-74.8 |
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of which |
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31 |
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Private, net |
923.0 |
333.6 |
665.1 |
-67.7 |
82.7 |
-17.9 |
46.8 |
-92.9 |
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32 |
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Official, net |
138.9 |
286.8 |
213.5 |
277.8 |
30.2 |
13.8 |
13.1 |
18.2 |
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/1 |
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Net foreign purchases of U.S. securities (+) |
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/2 |
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Includes international and regional organizations |
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/3 |
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The reported division of net purchases of long-term securities between net purchases by foreign official institutions and net purchases |
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of other foreign investors is subject to a "transaction bias" described in Frequently Asked Questions 7 and 10.a.4 on the TIC website. |
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/4 |
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Net transactions in foreign securities by U.S. residents. Foreign purchases of foreign securities = U.S. sales of foreign securities to foreigners. |
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Thus negative entries indicate net U.S. purchases of foreign securities, or an outflow of capital from the United States; positive entries |
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indicate net U.S. sales of foreign securities. |
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/5 |
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Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities + |
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estimated foreign acquisitions of U.S. equity through stock swaps - |
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estimated U.S. acquisitions of foreign equity through stock swaps + |
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increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries. |
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/6 |
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These are primarily data on monthly changes in banks' and broker/dealers' custody liabilities. Data on custody claims are collected |
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quarterly and published in the Treasury Bulletin and the TIC website. |
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/7 |
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"Selected Other Liabilities" are primarily the foreign liabilities of U.S. customers that are managed by U.S. banks or broker/dealers. |
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/8 |
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TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected |
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and published by the Department of Commerce's Bureau of Economic Analysis. In addition to the monthly data summarized here, the |
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TIC collects quarterly data on some banking and nonbanking assets and liabilities. Frequently Asked Question 1 on the TIC website |
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describes the scope of TIC data collection. |
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REPORTS