U.S. Nonbanking Liabilities to, and Claims on, Unaffiliated Foreigners
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Data on claims and liabilities positions with unaffiliated
foreigners are collected quarterly. The data cover such instruments
as loans and deposits as well as commercial positions in such
instruments as trade payables and receivables. The data are
collected from importers and exporters, industrial and commercial
concerns, and financial entities such as insurance and pension
funds. Data exclude claims on foreigners held by banks in
the United States.
Historically, the TIC nonbanking reports exclude accounts
of nonbanking enterprises in the United States with their own
branches and subsidiaries abroad or with their foreign parent
companies. Such accounts with foreign affiliates are reported
by business enterprises to the Commerce Department on its
direct investment forms. There was an exception when reporting
of foreign affiliate positions of insurance underwriting subsidiaries
and financial intermediaries were included for reports between
end-March 2003 and end-March 2006. That reporting requirement was
discontinued with the reports beginning as of June 2006.
As with the banking data, information in general is reported opposite the
country or geographical area where the foreigner is located, as shown on records
of reporting institutions. However, information may not always reflect the
ultimate ownership of assets. Reporting institutions are not required to go
beyond addresses shown on their records; therefore, they may not be aware of
the actual country of domicile of the ultimate debtor or creditor.
The nonbanking data are reported also in the
Treasury Bulletin, in Section III of CAPITAL MOVEMENTS.
Last Updated:
July 25, 2007
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