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December 17, 2007
HP-738
Treasury International Capital (TIC) Data for October
Treasury International Capital (TIC) data for October 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 November, is scheduled for January 16, 2008.
Net foreign purchases of long-term securities were $114.0 billion.
Net foreign purchases of long-term U.S. securities were $118.0 billion. Of this, net purchases by foreign official institutions were $21.8 billion, and net purchases by private foreign investors were $96.2 billion.
U.S. residents purchased a net $4.1 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $101.5 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $29.9 billion. Foreign holdings of Treasury bills increased $9.0 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $33.7 billion.
Monthly net TIC flows were positive $97.8 billion. Of this, net foreign private flows were positive $56.2 billion, and net foreign official flows were positive $41.6 billion.
-30-
TIC Monthly
Reports on Cross-Border Financial Flows
(Billions of dollars, not seasonally adjusted)
12 Months
Through
2005
2006
Oct-06
Oct-07
July-07
Aug-07
Sep-07
Oct-07
Foreigners' Acquisitions of Long-term
Securities
1
Gross Purchases of Domestic U.S. Securities
17157.5
21186.9
20000.1
28340.8
2474.0
3323.3
2332.7
2671.9
2
Gross Sales of Domestic U.S. Securities
16145.9
20021.0
18858.5
27274.2
2448.8
3359.3
2276.3
2553.8
3
Domestic Securities Purchased, net (line 1 less
line 2) /1
1011.5
1165.9
1141.6
1066.7
25.2
-36.0
56.4
118.0
4
Private, net /2
891.1
967.0
953.8
893.8
20.9
-11.7
27.9
96.2
5
Treasury Bonds & Notes, net
269.4
135.4
147.3
231.0
-2.4
26.9
11.6
45.9
6
Gov't Agency Bonds, net
187.6
201.4
186.1
125.5
1.2
4.3
2.3
4.8
7
Corporate Bonds, net
353.1
485.5
458.0
385.9
3.7
-3.8
11.4
15.7
8
Equities, net
81.0
144.6
162.4
151.4
18.4
-39.1
2.5
29.9
9
Official, net /3
120.4
199.0
187.8
172.9
4.4
-24.2
28.5
21.8
10
Treasury Bonds & Notes, net
68.7
71.8
73.3
1.2
-6.9
-29.7
14.6
4.0
11
Gov't Agency Bonds, net
31.6
92.6
79.2
128.4
7.5
4.1
9.2
10.0
12
Corporate Bonds, net
19.1
28.5
26.8
43.5
1.0
3.0
4.6
7.4
13
Equities, net
1.0
6.0
8.5
-0.2
2.8
-1.6
0.1
0.4
14
Gross Purchases of Foreign Securities from U.S.
Residents
3700.0
5527.1
5171.8
7961.2
759.3
823.8
557.8
809.4
15
Gross Sales of Foreign Securities to U.S.
Residents
3872.4
5778.9
5378.5
8284.8
764.9
858.3
598.8
813.5
16
Foreign Securities Purchased, net (line 14 less
line 15) /4
-172.4
-251.8
-206.7
-323.5
-5.5
-34.5
-41.0
-4.1
17
Foreign Bonds Purchased, net
-45.1
-144.1
-107.7
-170.7
0.9
-21.7
-19.7
-9.1
18
Foreign Equities Purchased, net
-127.3
-107.7
-99.0
-152.8
-6.4
-12.9
-21.3
5.0
19
Net Long-Term Securities Transactions (line 3
plus line 16):
839.1
914.2
934.9
743.1
19.7
-70.5
15.4
114.0
20
Other Acquisitions of Long-term Securities, net
/5
-143.0
-169.9
-155.6
-199.9
-22.2
-16.1
-20.6
-12.5
21
Net Foreign Acquisition of Long-Term Securities
(lines 19 and 20):
696.2
744.2
779.3
543.2
-2.5
-86.6
-5.2
101.5
22
Increase in Foreign Holdings of
Dollar-denominated Short-term
U.S. Securities and Other Custody Liabilities: /6
-47.6
146.2
118.4
169.4
56.1
33.7
3.7
29.9
23
U.S. Treasury Bills
-58.9
-9.0
-13.6
22.8
18.6
21.0
-6.7
9.0
24
Private, net
-15.6
16.1
7.7
21.0
3.3
17.2
-4.9
6.9
25
Official, net
-43.3
-25.0
-21.3
1.8
15.3
3.8
-1.8
2.2
26
Other
Negotiable Instruments
and Selected Other Liabilities: /7
11.4
155.1
132.0
146.6
37.5
12.6
10.4
20.9
27
Private, net
10.6
174.9
144.3
84.2
36.6
-14.7
1.5
0.9
28
Official, net
0.8
-19.8
-12.3
62.5
1.0
27.4
8.9
20.0
29
Change in Banks' Own Net Dollar-Denominated
Liabilities
16.4
183.7
228.8
-123.3
47.2
-97.8
-31.3
-33.7
30
Monthly Net TIC Flows (lines 21,22,29) /8
665.0
1074.1
1126.5
589.3
100.8
-150.8
-32.8
97.8
of which
31
Private, net
578.0
931.4
999.5
346.3
62.6
-129.3
-46.2
56.2
32
Official, net
87.0
142.7
127.0
243.0
38.2
-21.4
13.4
41.6
/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