FROM THE OFFICE OF PUBLIC AFFAIRS
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Treasury International Capital (TIC) data for September 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 October, is scheduled for December 15, 2008.
Net foreign purchases of long-term securities were $66.2 billion.
- Net foreign purchases of long-term U.S. securities were $30.9 billion. Of this, net purchases by private foreign investors were $35.7 billion, and net purchases by foreign official institutions were negative $4.8 billion.
- U.S. residents sold a net $35.4 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $52.7 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $11.6 billion. Foreign holdings of Treasury bills increased $89.9 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased $79.1 billion.
Monthly net TIC flows were $143.4 billion. Of this, net foreign private flows were $126.9 billion, and net foreign official flows were $16.4 billion.
|TIC Monthly Reports on Cross-Border Financial Flows|
|(Billions of dollars, not seasonally adjusted)|
|12 Months Through|
|Foreigners' Acquisitions of Long-term Securities|
|1||Gross Purchases of Domestic U.S. Securities||21077.1||29730.6||27463.7||33067.9||2794.1||2819.5||2163.9||3082.2|
|2||Gross Sales of Domestic U.S. Securities||19933.9||28714.7||26429.8||32276.2||2731.4||2835.2||2165.5||3051.4|
|3||Domestic Securities Purchased, net (line 1 less line 2) /1||1143.2||1015.9||1033.9||791.7||62.7||-15.7||-1.6||30.9|
|4||Private, net /2||946.6||828.2||860.2||561.7||47.8||-10.9||8.7||35.7|
|5||Treasury Bonds & Notes, net||125.9||197.9||178.7||269.9||27.2||24.2||29.9||15.8|
|6||Gov't Agency Bonds, net||193.8||107.0||121.5||102.1||22.3||-23.9||-9.0||14.8|
|7||Corporate Bonds, net||482.2||342.8||409.0||116.8||0.6||-4.3||-12.6||-6.4|
|9||Official, net /3||196.6||187.7||173.7||230.0||14.9||-4.9||-10.2||-4.8|
|10||Treasury Bonds & Notes, net||69.6||3.0||13.2||115.4||1.1||10.1||4.8||4.9|
|11||Gov't Agency Bonds, net||92.6||119.1||123.6||29.9||9.1||-16.2||-13.1||-8.7|
|12||Corporate Bonds, net||28.6||50.6||38.1||52.2||4.1||0.2||-0.5||-1.2|
|14||Gross Purchases of Foreign Securities from U.S. Residents||5515.9||8187.6||7581.0||8428.6||688.3||719.4||585.5||710.0|
|15||Gross Sales of Foreign Securities to U.S. Residents||5766.8||8411.9||7909.2||8388.6||698.2||685.2||562.9||674.6|
|16||Foreign Securities Purchased, net (line 14 less line 15) /4||-250.9||-224.3||-328.2||40.0||-10.0||34.2||22.5||35.4|
|17||Foreign Bonds Purchased, net||-144.5||-129.0||-169.2||48.4||-11.5||17.3||19.7||37.8|
|18||Foreign Equities Purchased, net||-106.5||-95.3||-159.0||-8.4||1.6||16.9||2.9||-2.4|
|19||Net Long-Term Securities Transactions (line 3 plus line 16):||892.3||791.6||705.7||831.6||52.7||18.4||21.0||66.2|
|20||Other Acquisitions of Long-term Securities, net /5||-174.6||-235.1||-238.3||-210.1||-18.8||-14.5||-12.9||-13.5|
|21||Net Foreign Acquisition of Long-Term Securities|
|(lines 19 and 20) :||717.7||556.5||467.4||621.5||33.9||3.9||8.1||52.7|
|22||Increase in Foreign Holdings of Dollar-denominated Short-term|
|U.S. Securities and Other Custody Liabilities: /6||146.2||198.6||126.5||191.1||-30.6||15.8||22.1||11.6|
|23||U.S. Treasury Bills||-9.0||49.2||17.7||239.9||6.5||4.2||30.6||89.9|
|26||Other Negotiable Instruments|
|and Selected Other Liabilities: /7||155.1||149.4||108.9||-48.8||-37.1||11.5||-8.5||-78.3|
|29||Change in Banks' Own Net Dollar-Denominated Liabilities||198.0||-122.9||-60.6||-320.1||10.1||-44.8||-8.8||79.1|
|30||Monthly Net TIC Flows (lines 21,22,29) /8||1061.8||632.3||533.4||492.5||13.3||-25.1||21.4||143.4|
|/1||Net foreign purchases of U.S. securities (+)|
|/2||Includes international and regional organizations|
|/3||The reported division of net purchases of long-term securities between net purchases by foreign official institutions and net purchases|
|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||Net transactions in foreign securities by U.S. residents. Foreign purchases of foreign securities = U.S. sales of foreign securities to foreigners.|
|Thus negative entries indicate net U.S. purchases of foreign securities, or an outflow of capital from the United States; positive entries|
|indicate net U.S. sales of foreign securities.|
|/5||Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities +|
|estimated foreign acquisitions of U.S. equity through stock swaps -|
|estimated U.S. acquisitions of foreign equity through stock swaps +|
|increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries.|
|/6||These are primarily data on monthly changes in banks' and broker/dealers' custody liabilities. Data on custody claims are collected|
|quarterly and published in the Treasury Bulletin and the TIC website.|
|/7||"Selected Other Liabilities" are primarily the foreign liabilities of U.S. customers that are managed by U.S. banks or broker/dealers.|
|/8||TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected|
|and published by the Department of Commerce's Bureau of Economic Analysis. In addition to the monthly data summarized here, the|
|TIC collects quarterly data on some banking and nonbanking assets and liabilities. Frequently Asked Question 1 on the TIC website|
|describes the scope of TIC data collection.|