We recommend printing this release using the PDF file below.
To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®.
HP-977
Treasury International Capital (TIC) data for March 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 April, is scheduled for June 16, 2008.
Net foreign purchases of long-term securities were $80.4 billion.
- Net foreign purchases of long-term U.S. securities were $80.2 billion. Of this, net purchases by foreign official institutions were $48.1 billion, and net purchases by private foreign investors were $32.1 billion.
- U.S. residents sold a net $0.3 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $54.2 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $13.5 billion. Foreign holdings of Treasury bills increased $27.8 billion.
Banks’ own net dollar-denominated liabilities to foreign residents declined $115.9 billion.
Monthly net TIC flows were negative $48.2 billion. Of this, net foreign private flows were negative $57.6 billion, and net foreign official flows were $9.3 billion.
-30-
| |
|
|
TIC Monthly Reports on Cross-Border Financial Flows |
| |
|
|
(Billions of dollars, not seasonally adjusted) |
| |
|
|
|
|
|
|
|
12 Months Through |
|
|
|
|
| |
|
|
|
|
|
2006 |
2007 |
Mar-07 |
Mar-08 |
Dec-07 |
Jan-08 |
Feb-08 |
Mar-08 |
| |
|
Foreigners' Acquisitions of Long-term Securities |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
|
Gross Purchases of Domestic U.S. Securities |
21077.1 |
29729.8 |
22645.7 |
32265.1 |
2314.1 |
3137.9 |
2922.6 |
3075.4 |
| 2 |
|
|
Gross Sales of Domestic U.S. Securities |
19933.9 |
28725.1 |
21478.8 |
31337.4 |
2244.7 |
3061.5 |
2844.7 |
2995.2 |
| 3 |
|
|
Domestic Securities Purchased, net (line 1 less line 2) /1 |
1143.2 |
1004.6 |
1166.9 |
927.7 |
69.4 |
76.4 |
77.9 |
80.2 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
|
|
|
Private, net /2 |
946.6 |
816.9 |
964.9 |
677.8 |
33.6 |
23.6 |
71.1 |
32.1 |
| 5 |
|
|
|
|
Treasury Bonds & Notes, net |
125.9 |
198.2 |
175.9 |
183.5 |
-9.1 |
0.4 |
24.2 |
27.0 |
| 6 |
|
|
|
|
Gov't Agency Bonds, net |
193.8 |
107.0 |
156.0 |
144.5 |
-7.4 |
19.9 |
35.7 |
2.7 |
| 7 |
|
|
|
|
Corporate Bonds, net |
482.2 |
331.3 |
508.3 |
202.3 |
29.1 |
-0.6 |
14.9 |
-8.7 |
| 8 |
|
|
|
|
Equities, net |
144.6 |
180.4 |
124.8 |
147.5 |
21.0 |
3.8 |
-3.7 |
11.1 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 9 |
|
|
|
Official, net /3 |
196.6 |
187.7 |
202.0 |
249.9 |
35.8 |
52.8 |
6.7 |
48.1 |
| 10 |
|
|
|
|
Treasury Bonds & Notes, net |
69.6 |
3.0 |
54.9 |
64.8 |
11.0 |
36.1 |
-3.6 |
28.0 |
| 11 |
|
|
|
|
Gov't Agency Bonds, net |
92.6 |
119.1 |
112.4 |
99.5 |
4.1 |
-0.6 |
1.2 |
15.5 |
| 12 |
|
|
|
|
Corporate Bonds, net |
28.6 |
50.6 |
30.7 |
52.2 |
8.2 |
3.9 |
4.4 |
4.1 |
| 13 |
|
|
|
|
Equities, net |
5.8 |
15.1 |
4.0 |
33.5 |
12.5 |
13.3 |
4.8 |
0.4 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 14 |
|
|
Gross Purchases of Foreign Securities from U.S. Residents |
5515.9 |
8188.1 |
6031.9 |
8559.9 |
600.2 |
770.5 |
683.0 |
751.9 |
| 15 |
|
|
Gross Sales of Foreign Securities to U.S. Residents |
5766.8 |
8411.3 |
6308.9 |
8741.1 |
612.6 |
790.1 |
696.0 |
751.6 |
| 16 |
|
|
Foreign Securities Purchased, net (line 14 less line 15) /4 |
-250.9 |
-223.2 |
-277.1 |
-181.2 |
-12.4 |
-19.7 |
-12.9 |
0.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 17 |
|
|
|
|
Foreign Bonds Purchased, net |
-144.5 |
-127.9 |
-169.4 |
-98.3 |
-12.4 |
-17.3 |
5.3 |
4.2 |
| 18 |
|
|
|
|
Foreign Equities Purchased, net |
-106.5 |
-95.3 |
-107.7 |
-82.9 |
0.0 |
-2.3 |
-18.3 |
-4.0 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 19 |
|
|
Net Long-Term Securities Transactions (line 3 plus line 16): |
892.3 |
781.5 |
889.9 |
746.5 |
57.0 |
56.7 |
64.9 |
80.4 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 20 |
|
|
Other Acquisitions of Long-term Securities, net /5 |
-174.6 |
-234.2 |
-195.4 |
-236.2 |
-13.8 |
-17.9 |
-15.4 |
-26.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 21 |
|
Net Foreign Acquisition of Long-Term Securities |
|
|
|
|
|
|
|
|
| |
|
|
|
|
(lines 19 and 20) : |
717.7 |
547.2 |
694.5 |
510.2 |
43.2 |
38.8 |
49.6 |
54.2 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 22 |
|
Increase in Foreign Holdings of Dollar-denominated Short-term |
|
|
|
|
|
|
|
|
| |
|
|
|
|
U.S. Securities and Other Custody Liabilities: /6 |
146.2 |
226.1 |
197.1 |
257.7 |
43.9 |
76.3 |
-0.7 |
13.5 |
| 23 |
|
|
U.S. Treasury Bills |
-9.0 |
48.8 |
-0.6 |
76.1 |
15.1 |
11.6 |
14.6 |
27.8 |
| 24 |
|
|
|
Private, net |
16.1 |
29.3 |
19.5 |
69.9 |
4.0 |
0.8 |
17.4 |
30.9 |
| 25 |
|
|
|
Official, net |
-25.0 |
19.5 |
-20.0 |
6.2 |
11.1 |
10.8 |
-2.8 |
-3.0 |
| 26 |
|
|
Other Negotiable Instruments |
|
|
|
|
|
|
|
|
| |
|
|
|
|
and Selected Other Liabilities: /7 |
155.1 |
177.3 |
197.6 |
181.6 |
28.8 |
64.8 |
-15.4 |
-14.3 |
| 27 |
|
|
|
Private, net |
174.9 |
101.2 |
194.0 |
111.4 |
27.7 |
57.9 |
-9.8 |
-7.1 |
| 28 |
|
|
|
Official, net |
-19.8 |
76.1 |
3.7 |
70.2 |
1.0 |
6.9 |
-5.6 |
-7.2 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 29 |
|
Change in Banks' Own Net Dollar-Denominated Liabilities |
198.0 |
-108.6 |
-53.1 |
-281.9 |
-4.6 |
-80.3 |
0.1 |
-115.9 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 30 |
Monthly Net TIC Flows (lines 21,22,29) /8 |
1061.8 |
664.7 |
838.4 |
485.9 |
82.4 |
34.8 |
48.9 |
-48.2 |
| |
|
of which |
|
|
|
|
|
|
|
|
|
| 31 |
|
|
Private, net |
923.0 |
377.8 |
645.0 |
206.8 |
31.6 |
-42.0 |
58.4 |
-57.6 |
| 32 |
|
|
Official, net |
138.9 |
286.8 |
193.4 |
279.2 |
50.8 |
76.7 |
-9.5 |
9.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| /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. |
|
|
|
|
|
|
|
|
REPORTS
