FROM THE OFFICE OF PUBLIC AFFAIRS
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Treasury International Capital (TIC) data for May 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 June, is scheduled for August 16, 2004.
Gross purchases of domestic securities by foreigners were $1,688.7 billion in May, exceeding gross sales of domestic securities by foreigners of $1,633.9 billion during the same month.
Foreign purchases of domestic securities reached $54.8 billion on a net basis in May, relative to $81.2 billion during the previous month. Private net flows reached $40.3 billion in May. Net private purchases of Treasury Bonds and Notes decreased to $7.3 billion from $13.2 billion the preceding month. Net private purchases of Government Agency Bonds were $21.3 billion, down from $28.1 billion the previous month. Net private purchases of Corporate Bonds rose to $19.4 billion from $16.1 billion the previous month. Net private purchases of Equities decreased to minus $7.8 billion from minus $2.4 billion.
Official net purchases of U.S. securities were $14.5 billion in May, relative to $26.2 billion in April. Official net purchases of Treasury Bonds and Notes of $14.6 billion accounted for the bulk of official inflows in April, down from $22.1 billion the previous month.
Gross purchases of foreign securities owned by U.S. residents were $388.6 billion in May, relative to gross sales of foreign securities to U.S. residents of $387.0 billion during the same month.
Gross sales of foreign securities to U.S. residents fell short of purchases by $1.6 billion, highlighting a net U.S. acquisition of $5.8 billion in Foreign Equities and net U.S. sales of $7.4 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 $56.4 billion in May compared with $76.0 billion in April. Net foreign purchases of long-term securities were $786.1 billion in the 12-months through May 2004 as compared to $655.7 billion during the twelve months through May 2003.
The full May 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.