FROM THE OFFICE OF PUBLIC AFFAIRS
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Treasury International Capital (TIC) data for March are released today and posted on the U.S. Treasury web site (www.treas.gov/tic). The next release date, which will report on data for April, is scheduled for June 15, 2004.
Gross purchases of domestic securities by foreigners were $1,773.9 billion in March, exceeding gross sales of domestic securities by foreigners of $1,691.6 billion during the same month.
Foreign purchases of domestic securities reached $82.3 billion on a net basis in March, relative to $85.0 billion during the previous month. Private net flows reached $44.2 billion in March. Net private purchases of Treasury Bonds and Notes increased to $27.6 billion from $20.9 billion the preceding month. Net private purchases of Government Agency Bonds were $1.1 billion, down from $18.4 billion the previous month. Net private purchases of Corporate Bonds rose to $29.1 billion from $21.1 billion the previous month. Net private purchases of Equities declined to minus $13.5 billion from a positive $2.3 billion.
Official net purchases of U.S. securities were $38.1 billion in March, relative to $22.3 billion in February. Official net purchases of Treasury Bonds and Notes of $33.9 billion accounted for the bulk of official inflows in March, up from $16.1 billion the previous month.
Gross purchases of foreign securities owned by U.S. residents were $486.2 billion in March, relative to gross sales of foreign securities to U.S. residents of $489.9 billion during the same month.
Gross sales of foreign securities to U.S. residents exceeded purchases by $3.7 billion, highlighting a net U.S. acquisition of $4.0 billion in Foreign Equities and net U.S. sales of $0.3 billion in Foreign Bonds.
Net Long-Term Securities Flows
Net foreign purchases of both domestic and foreign long-term securities from U.S. residents were $78.6 billion in March compared with $83.3 billion in February. Net foreign purchases of long-term securities were $820.8 billion in the 12-months through March 2004 as compared to $583.4 billion during the twelve months through March 2003.
The full March data set, including adjustments for repayments of principal on asset-backed securities, as well as historical series, can be found on the TIC web site, www.treas.gov/tic
Foreigners' Transactions in Long-Term Securities with U.S. Residents
(Billions of dollars, not seasonally adjusted)
12 Months Through
|Gross Purchases of Domestic Securities||13,022.9||15,726.4||13,319.3||17,061.4||1,198.8||1,385.6||1,439.4||1,773.9|
|2||Gross Sales of Domestic Securities||12,475.4||14,981.4||12,745.9||16,188.2||1,118.0||1,285.3||1,354.4||1,691.6|
|3||Domestic Securities Purchased, net (line 1 less line 2) /1||547.6||745.0||573.4||873.2||80.8||100.3||85.0||82.3|
|4||Private, net /2||508.3||605.6||517.5||662.1||64.5||69.4||62.7||44.2|
|5||Treasury Bonds & Notes, net||112.8||163.7||114.9||213.5||18.4||20.0||20.9||27.6|
|6||Gov't Agency Bonds, net||166.6||137.9||178.4||141.3||12.9||23.4||18.4||1.1|
|7||Corporate Bonds, net||176.7||266.1||193.0||265.1||19.7||12.5||21.1||29.1|
|10||Treasury Bonds & Notes, net||7.1||109.3||19.5||177.5||11.3||26.9||16.1||33.9|
|11||Gov't Agency Bonds, net||28.6||24.9||32.2||28.3||4.4||4.2||5.9||2.9|
|12||Corporate Bonds, net||5.6||5.5||4.8||6.2||0.7||0.5||0.2||1.2|
|14||Gross Purchases of Foreign Securities||2,640.0||3,532.9||2,718.5||4,122.7||310.4||390.7||401.9||486.2|
|15||Gross Sales of Foreign Securities||2,613.0||3,577.4||2,708.5||4,175.2||315.5||399.3||403.6||489.9|
|16||Foreign Securities Purchased, net (line 14 less line 15) /3||27.0||-44.6||10.0||-52.5||-5.0||-8.5||-1.7||-3.7|
|17||Foreign Bonds Purchased, net||28.5||26.6||34.8||21.8||0.1||4.7||0.7||0.3|
|18||Foreign Equities Purchased, net||-1.5||-71.1||-24.8||-74.3||-5.2||-13.2||-2.4||-4.0|
|19||Net Long-Term Flows (line 3 plus line 16)||574.6||700.4||583.4||820.8||75.8||91.8||83.3||78.6|
|/1 Net foreign purchases of U.S. securities (+)|
/2 Includes International and Regional Organizations
/3 Net U.S. acquisitions of foreign securities (-)
|Source: U.S. Department of the Treasury|