(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.
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.
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.
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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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| Gross Sales of Domestic U.S. Securities | 19933.9 | 28714.7 | 24038.1 | 32727.0 | 2478.9 | 2489.6 | 2731.4 | 2845.1 | ||
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 | |
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 |
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 |
7 |
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| Corporate Bonds, net | 482.2 | 342.8 | 505.1 | 143.1 | 17.5 | 50.8 | 0.6 | -4.3 |
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 | |
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 |
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 |
12 |
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| Corporate Bonds, net | 28.6 | 50.6 | 35.1 | 61.4 | 7.5 | 9.1 | 4.1 | 0.2 |
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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| 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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| 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 |
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 |
| 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 |
| 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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| U.S. Treasury Bills | -9.0 | 48.8 | -9.6 | 125.8 | 3.4 | 11.4 | 6.9 | -4.4 | ||
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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| Official, net | -25.0 | 19.5 | -9.7 | 56.3 | 14.4 | 4.3 | 6.7 | 5.9 | |
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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 |
27 |
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| Private, net | 174.9 | 72.7 | 112.4 | 16.9 | -4.4 | 10.2 | -11.1 | -10.3 | |
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 |
| 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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31 |
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| Private, net | 923.0 | 333.6 | 665.1 | -67.7 | 82.7 | -17.9 | 46.8 | -92.9 | ||
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. | |||||||||
/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