FROM THE OFFICE OF PUBLIC AFFAIRS
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Treasury International Capital (TIC) data for October 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 November, is scheduled for January 16, 2009.
Net foreign purchases of long-term securities were $1.5 billion.
- Net foreign purchases of long-term U.S. securities were negative $34.8 billion. Of this, net purchases by private foreign investors were negative $17.5 billion, and net purchases by foreign official institutions were negative $17.2 billion.
- U.S. residents sold a net $36.3 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $13.3 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $92.4 billion. Foreign holdings of Treasury bills increased $147.4 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased $207.3 billion.
Monthly net TIC flows were $286.3 billion. Of this, net foreign private flows were $274.5 billion, and net foreign official flows were $11.9 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||28277.1||32847.4||2819.5||2163.9||3081.9||2463.0|
|2||Gross Sales of Domestic U.S. Securities||19933.9||28714.7||27216.3||32228.3||2835.2||2169.4||3051.9||2497.8|
|3||Domestic Securities Purchased, net (line 1 less line 2) /1||1143.2||1015.9||1060.8||619.1||-15.7||-5.5||30.0||-34.8|
|4||Private, net /2||946.6||828.2||890.5||428.2||-10.9||4.8||34.8||-17.5|
|5||Treasury Bonds & Notes, net||125.9||197.9||222.7||252.8||24.2||28.0||15.8||35.7|
|6||Gov't Agency Bonds, net||193.8||107.0||117.9||61.8||-23.9||-11.0||14.8||-33.5|
|7||Corporate Bonds, net||482.2||342.8||396.6||76.6||-4.3||-12.6||-7.3||-13.8|
|9||Official, net /3||196.6||187.7||170.2||190.9||-4.9||-10.2||-4.8||-17.2|
|10||Treasury Bonds & Notes, net||69.6||3.0||-1.3||110.3||10.1||4.8||4.9||-1.1|
|11||Gov't Agency Bonds, net||92.6||119.1||128.4||3.1||-16.2||-13.1||-8.7||-16.7|
|12||Corporate Bonds, net||28.6||50.6||43.5||45.5||0.2||-0.5||-1.2||0.7|
|14||Gross Purchases of Foreign Securities from U.S. Residents||5515.9||8187.6||7893.3||8253.5||719.4||585.5||710.0||635.9|
|15||Gross Sales of Foreign Securities to U.S. Residents||5766.8||8411.9||8208.7||8175.5||685.2||565.2||674.6||599.6|
|16||Foreign Securities Purchased, net (line 14 less line 15) /4||-250.9||-224.3||-315.4||78.0||34.2||20.2||35.4||36.3|
|17||Foreign Bonds Purchased, net||-144.5||-129.0||-169.3||69.6||17.3||17.4||37.8||14.5|
|18||Foreign Equities Purchased, net||-106.5||-95.3||-146.2||8.4||16.9||2.9||-2.4||21.8|
|19||Net Long-Term Securities Transactions (line 3 plus line 16):||892.3||791.6||745.3||697.1||18.4||14.8||65.4||1.5|
|20||Other Acquisitions of Long-term Securities, net /5||-174.6||-235.1||-245.8||-205.0||-14.5||-12.9||-13.5||-14.8|
|21||Net Foreign Acquisition of Long-Term Securities|
|(lines 19 and 20) :||717.7||556.5||499.6||492.1||3.9||1.9||51.9||-13.3|
|22||Increase in Foreign Holdings of Dollar-denominated Short-term|
|U.S. Securities and Other Custody Liabilities: /6||146.2||198.6||160.6||250.6||15.8||22.2||13.0||92.4|
|23||U.S. Treasury Bills||-9.0||49.2||22.9||380.2||4.2||31.6||90.9||147.4|
|26||Other Negotiable Instruments|
|and Selected Other Liabilities: /7||155.1||149.4||137.7||-129.7||11.5||-9.4||-77.9||-55.0|
|29||Change in Banks' Own Net Dollar-Denominated Liabilities||198.0||-122.9||-111.4||-59.4||-44.7||-7.0||77.7||207.3|
|30||Monthly Net TIC Flows (lines 21,22,29) /8||1061.8||632.3||548.8||683.3||-25.0||17.1||142.6||286.3|
|/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.|