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January 16, 2009
HP-1357
Treasury International Capital (TIC) Data for November
Treasury International Capital (TIC) data for November 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 December, is scheduled for February 17, 2009.
Net foreign purchases of long-term securities were negative $21.7 billion.
Net foreign purchases of long-term U.S. securities were negative $56.0 billion. Of this, net purchases by private foreign investors were negative $18.9 billion, and net purchases by foreign official institutions were negative $37.1 billion.
U.S. residents sold a net $34.3 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $33.7 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $51.1 billion. Foreign holdings of Treasury bills increased $82.1 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased $39.4 billion.
Monthly net TIC flows were $56.8 billion. Of this, net foreign private flows were $64.7 billion, and net foreign official flows were negative $7.9 billion.
-30-
TIC Monthly
Reports on Cross-Border Financial Flows
(Billions of dollars, not seasonally adjusted)
12 Months
Through
2006
2007
Nov-07
Nov-08
Aug-08
Sep-08
Oct-08
Nov-08
Foreigners' Acquisitions of Long-term Securities
1
Gross Purchases of Domestic U.S. Securities
21077.1
29730.6
29260.4
31508.7
2163.9
3081.9
2492.1
1548.0
2
Gross Sales of Domestic U.S. Securities
19933.9
28724.8
28255.5
31050.5
2169.4
3051.9
2528.7
1604.0
3
Domestic Securities Purchased, net (line 1 less line 2) /1
1143.2
1005.8
1004.9
458.1
-5.5
30.0
-36.6
-56.0
4
Private, net /2
946.6
818.1
829.0
316.1
4.8
34.8
-19.4
-18.9
5
Treasury Bonds & Notes, net
125.9
195.0
209.8
220.7
28.0
15.8
34.0
3.3
6
Gov't Agency Bonds, net
193.8
99.9
123.6
8.3
-11.0
14.8
-33.5
-9.5
7
Corporate Bonds, net
482.2
342.8
347.2
50.3
-12.6
-7.3
-13.8
-15.2
8
Equities, net
144.6
180.4
148.4
36.8
0.4
11.5
-6.1
2.5
9
Official, net /3
196.6
187.7
175.9
142.0
-10.2
-4.8
-17.2
-37.1
10
Treasury Bonds & Notes, net
69.6
3.0
-1.9
83.7
4.8
4.9
-1.1
-26.2
11
Gov't Agency Bonds, net
92.6
119.1
130.5
-14.6
-13.1
-8.7
-16.7
-11.6
12
Corporate Bonds, net
28.6
50.6
45.2
39.6
-0.5
-1.2
0.7
-0.9
13
Equities, net
5.8
15.1
2.1
33.2
-1.4
0.0
-0.1
1.6
14
Gross Purchases of Foreign Securities from U.S.
Residents
5515.9
8187.6
8098.7
7942.0
585.5
710.0
645.3
411.5
15
Gross Sales of Foreign Securities to U.S.
Residents
5766.8
8416.8
8363.4
7868.2
565.2
674.6
609.0
377.2
16
Foreign Securities Purchased, net (line 14 less line 15) /4
-250.9
-229.2
-264.7
73.8
20.2
35.4
36.3
34.3
17
Foreign Bonds Purchased, net
-144.5
-133.9
-149.8
53.7
17.4
37.8
14.6
13.0
18
Foreign Equities Purchased, net
-106.5
-95.3
-114.9
20.1
2.9
-2.4
21.7
21.3
19
Net Long-Term Securities Transactions (line 3 plus line 16):
892.3
776.6
740.2
531.9
14.8
65.4
-0.4
-21.7
20
Other Acquisitions of Long-term Securities, net
/5
-174.6
-235.1
-237.6
-200.2
-12.9
-13.5
-14.8
-12.0
21
Net Foreign Acquisition of Long-Term Securities
(lines 19 and 20):
717.7
541.5
502.7
331.8
1.9
51.9
-15.2
-33.7
22
Increase in Foreign Holdings of
Dollar-denominated Short-term
U.S. Securities and Other Custody Liabilities: /6
146.2
198.0
176.7
269.2
22.2
13.0
92.0
51.1
23
U.S. Treasury Bills
-9.0
49.7
29.6
446.4
31.6
90.9
147.4
82.1
24
Private, net
16.1
28.1
28.2
206.8
18.5
59.7
63.6
15.5
25
Official, net
-25.0
21.5
1.4
239.6
13.1
31.2
83.8
66.6
26
Other
Negotiable Instruments
and Selected Other Liabilities: /7
155.1
148.4
147.0
-177.2
-9.4
-77.9
-55.4
-31.0
27
Private, net
174.9
72.2
66.1
-76.9
-1.3
-69.5
-17.5
-6.9
28
Official, net
-19.8
76.2
80.9
-100.3
-8.1
-8.4
-37.9
-24.1
29
Change in Banks' Own Net Dollar-Denominated
Liabilities
198.0
-122.9
-122.3
-62.5
-7.4
77.8
183.8
39.4
30
Monthly Net TIC Flows (lines 21,22,29) /8
1061.8
616.7
557.1
538.5
16.7
142.7
260.6
56.8
of which
31
Private, net
923.0
327.5
289.5
319.6
19.1
125.4
248.7
64.7
32
Official, net
138.9
289.2
267.5
218.9
-2.5
17.3
11.9
-7.9
/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