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JS-1558
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.
Domestic Securities
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.
Foreign Securities
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 |
|
|
|
|
|
2002 |
2003 |
Mar-03 |
Mar-04 |
Dec-03 |
Jan-04 |
Feb-04 |
Mar-04 |
1 |
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 |
8 |
|
Equities, net |
52.2 |
37.9 |
31.2 |
42.2 |
13.5 |
13.4 |
2.3 |
-13.5 |
9 |
Official, net |
39.3 |
139.4 |
55.9 |
211.2 |
16.3 |
31.0 |
22.3 |
38.1 |
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 |
13 |
|
Equities, net |
-2.0 |
-0.4 |
-0.7 |
-0.9 |
-0.1 |
-0.6 |
0.1 |
0.0 |
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 |
REPORTS