(Archived Content)
Treasury International Capital (TIC) data for April are released today and posted on the U.S. Treasury web site (www.treas.gov/tic). The next release, which will report on data for May, is scheduled for July 17, 2007.
Net foreign purchases of long-term securities were $84.1 billion.
- Net foreign purchases of long-term U.S. securities were $97.4 billion. Of this, net purchases by foreign official institutions were $25.3 billion, and net purchases by private foreign investors were $72.1 billion.
- U.S. residents purchased a net $13.3 billion of long-term foreign securities. Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $76.5 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $25.9 billion. Foreign holdings of Treasury bills decreased $28.6 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased $61.2 billion.
Monthly net TIC flows were $111.8 billion. Of this, net foreign private flows were $93.6 billion, and net foreign official flows were $18.2 billion.
TIC Monthly Reports on Cross-Border Financial Flows | |||||||||||||
(Billions of dollars, not seasonally adjusted) | |||||||||||||
| 12 Months Through | |||||||||||||
| 2005 | 2006 | Apr-06 | Apr-07 | Jan-07 | Feb-07 | Mar-07 | Apr-07 | ||||||
| Foreigners' Acquisitions of Long-Term Securities | |||||||||||||
| 1 | Gross Purchases of Domestic U.S. Securities | 17157.5 | 21101.7 | 18088.8 | 23179.0 | 1819.4 | 2035.4 | 2709.3 | 2028.4 | ||||
| 2 | Gross Sales of Domestic U.S. Securities | 16145.9 | 19963.5 | 17025.7 | 22003.9 | 1702.6 | 1955.5 | 2610.7 | 1931.0 | ||||
| 3 | Domestic Securities Purchased, net (line 1 less line 2) /1 | 1011.5 | 1138.2 | 1063.1 | 1175.1 | 116.7 | 79.9 | 98.6 | 97.4 | ||||
| 4 | Private, net /2 | 891.1 | 941.6 | 909.9 | 971.1 | 104.4 | 67.3 | 77.8 | 72.1 | ||||
| 5 | Treasury Bonds & Notes, net | 269.4 | 128.0 | 147.2 | 184.6 | 20.4 | 16.4 | 29.1 | -9.0 | ||||
| 6 | Gov't Agency Bonds, net | 187.6 | 196.9 | 214.1 | 165.5 | 20.0 | -2.1 | -1.0 | 22.4 | ||||
| 7 | Corporate Bonds, net | 353.1 | 472.2 | 416.5 | 477.7 | 40.7 | 41.0 | 41.3 | 30.6 | ||||
| 8 | Equities, net | 81.0 | 144.5 | 132.1 | 143.3 | 23.3 | 12.1 | 8.4 | 28.1 | ||||
| 9 | Official, net /3 | 120.4 | 196.6 | 153.2 | 204.0 | 12.3 | 12.6 | 20.8 | 25.3 | ||||
| 10 | Treasury Bonds & Notes, net | 68.7 | 69.6 | 75.8 | 51.4 | -5.3 | 2.2 | 1.4 | 9.4 | ||||
| 11 | Gov't Agency Bonds, net | 31.6 | 92.6 | 43.5 | 120.8 | 15.8 | 4.5 | 16.1 | 13.7 | ||||
| 12 | Corporate Bonds, net | 19.1 | 28.6 | 26.5 | 31.8 | 2.4 | 5.6 | 2.9 | 2.9 | ||||
| 13 | Equities, net | 1.0 | 5.8 | 7.4 | 0.0 | -0.6 | 0.3 | 0.4 | -0.7 | ||||
| 14 | Gross Purchases of Foreign Securities from U.S. Residents | 3700.0 | 5572.2 | 4305.2 | 6360.8 | 558.6 | 605.6 | 719.4 | 638.6 | ||||
| 15 | Gross Sales of Foreign Securities to U.S. Residents | 3872.4 | 5819.4 | 4491.8 | 6639.4 | 576.2 | 626.2 | 766.8 | 651.9 | ||||
| 16 | Foreign Securities Purchased, net (line 14 less line 15) /4 | -172.4 | -247.1 | -186.6 | -278.6 | -17.6 | -20.6 | -47.4 | -13.3 | ||||
| 17 | Foreign Bonds Purchased, net | -45.1 | -139.8 | -50.2 | -174.0 | -4.8 | -4.0 | -39.7 | -5.9 | ||||
| 18 | Foreign Equities Purchased, net | -127.3 | -107.4 | -136.4 | -104.7 | -12.8 | -16.6 | -7.7 | -7.4 | ||||
| 19 | Net Long-Term Securities Transactions (line 3 plus line 16): | 839.1 | 891.1 | 876.5 | 896.5 | 99.2 | 59.3 | 51.2 | 84.1 | ||||
| 20 | Other Acquisitions of Long-term Securities, net /5 | -140.0 | -153.3 | -149.5 | -155.1 | -15.1 | -15.0 | -11.3 | -7.6 | ||||
| 21 | Net Foreign Acquisition of Long-Term Securities | ||||||||||||
| (lines 19 and 20): | 699.1 | 737.8 | 727.0 | 741.3 | 84.0 | 44.3 | 39.9 | 76.5 | |||||
| 22 | Increase in Foreign Holdings of Dollar-denominated Short-Term | ||||||||||||
| U.S. Securities and Other Custody Liabilities: /6 | -47.6 | 134.4 | -50.2 | 157.0 | 17.9 | 20.8 | 18.7 | -25.9 | |||||
| 23 | U.S. Treasury Bills | -58.9 | -9.0 | -49.9 | -10.1 | 1.2 | 5.3 | 20.4 | -28.6 | ||||
| 24 | Private, net | -15.6 | 16.0 | -16.9 | 9.1 | -3.3 | 4.8 | 7.3 | -11.7 | ||||
| 25 | Official, net | -43.3 | -25.0 | -33.0 | -19.2 | 4.5 | 0.4 | 13.1 | -17.0 | ||||
| 26 | Other Negotiable Instruments | ||||||||||||
| and Selected Other Liabilities: /7 | 11.4 | 143.4 | -0.3 | 167.1 | 16.7 | 15.6 | -1.7 | 2.7 | |||||
| 27 | Private, net | 10.6 | 163.2 | 14.8 | 168.2 | 20.4 | 14.6 | -4.5 | 3.5 | ||||
| 28 | Official, net | 0.8 | -19.8 | -15.1 | -1.1 | -3.7 | 1.0 | 2.7 | -0.8 | ||||
| 29 | Change in Banks' Own Net Dollar-Denominated Liabilities | 16.4 | 167.1 | 358.3 | -60.1 | -16.0 | 37.8 | -28.5 | 61.2 | ||||
| 30 | Monthly Net TIC Flows (lines 21,22,29) /8 | 667.9 | 1039.3 | 1035.1 | 838.3 | 85.9 | 103.0 | 30.1 | 111.8 | ||||
| of which | |||||||||||||
| 31 | Private, net | 580.6 | 897.7 | 937.0 | 630.5 | 60.6 | 70.1 | 1.9 | 93.6 | ||||
| 32 | Official, net | 87.3 | 141.6 | 98.1 | 207.8 | 25.3 | 32.9 | 28.2 | 18.2 | ||||
| /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 web site. | |||||||||||||
| /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 web site. | |||||||||||||
| /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 web | |||||||||||||
| site describes the scope of TIC data collection. | |||||||||||||