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HP-1278
Treasury International Capital (TIC) data for September 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 October, is scheduled for December 15, 2008.
Net foreign purchases of long-term securities were $66.2 billion.
- Net foreign purchases of long-term U.S. securities were $30.9 billion. Of this, net purchases by private foreign investors were $35.7 billion, and net purchases by foreign official institutions were negative $4.8 billion.
- U.S. residents sold a net $35.4 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $52.7 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $11.6 billion. Foreign holdings of Treasury bills increased $89.9 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased $79.1 billion.
Monthly net TIC flows were $143.4 billion. Of this, net foreign private flows were $126.9 billion, and net foreign official flows were $16.4 billion.
-30-
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TIC Monthly Reports on Cross-Border Financial Flows |
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(Billions of dollars, not seasonally adjusted) |
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12 Months Through |
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2006 |
2007 |
Sep-07 |
Sep-08 |
Jun-08 |
Jul-08 |
Aug-08 |
Sep-08 |
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Foreigners' Acquisitions of Long-term Securities |
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1 |
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Gross Purchases of Domestic U.S. Securities |
21077.1 |
29730.6 |
27463.7 |
33067.9 |
2794.1 |
2819.5 |
2163.9 |
3082.2 |
2 |
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Gross Sales of Domestic U.S. Securities |
19933.9 |
28714.7 |
26429.8 |
32276.2 |
2731.4 |
2835.2 |
2165.5 |
3051.4 |
3 |
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Domestic Securities Purchased, net (line 1 less line 2) /1 |
1143.2 |
1015.9 |
1033.9 |
791.7 |
62.7 |
-15.7 |
-1.6 |
30.9 |
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4 |
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Private, net /2 |
946.6 |
828.2 |
860.2 |
561.7 |
47.8 |
-10.9 |
8.7 |
35.7 |
5 |
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Treasury Bonds & Notes, net |
125.9 |
197.9 |
178.7 |
269.9 |
27.2 |
24.2 |
29.9 |
15.8 |
6 |
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Gov't Agency Bonds, net |
193.8 |
107.0 |
121.5 |
102.1 |
22.3 |
-23.9 |
-9.0 |
14.8 |
7 |
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Corporate Bonds, net |
482.2 |
342.8 |
409.0 |
116.8 |
0.6 |
-4.3 |
-12.6 |
-6.4 |
8 |
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Equities, net |
144.6 |
180.4 |
150.9 |
72.9 |
-2.3 |
-6.8 |
0.4 |
11.5 |
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9 |
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Official, net /3 |
196.6 |
187.7 |
173.7 |
230.0 |
14.9 |
-4.9 |
-10.2 |
-4.8 |
10 |
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Treasury Bonds & Notes, net |
69.6 |
3.0 |
13.2 |
115.4 |
1.1 |
10.1 |
4.8 |
4.9 |
11 |
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Gov't Agency Bonds, net |
92.6 |
119.1 |
123.6 |
29.9 |
9.1 |
-16.2 |
-13.1 |
-8.7 |
12 |
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Corporate Bonds, net |
28.6 |
50.6 |
38.1 |
52.2 |
4.1 |
0.2 |
-0.5 |
-1.2 |
13 |
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Equities, net |
5.8 |
15.1 |
-1.2 |
32.6 |
0.5 |
1.1 |
-1.4 |
0.0 |
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14 |
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Gross Purchases of Foreign Securities from U.S. Residents |
5515.9 |
8187.6 |
7581.0 |
8428.6 |
688.3 |
719.4 |
585.5 |
710.0 |
15 |
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Gross Sales of Foreign Securities to U.S. Residents |
5766.8 |
8411.9 |
7909.2 |
8388.6 |
698.2 |
685.2 |
562.9 |
674.6 |
16 |
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Foreign Securities Purchased, net (line 14 less line 15) /4 |
-250.9 |
-224.3 |
-328.2 |
40.0 |
-10.0 |
34.2 |
22.5 |
35.4 |
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17 |
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Foreign Bonds Purchased, net |
-144.5 |
-129.0 |
-169.2 |
48.4 |
-11.5 |
17.3 |
19.7 |
37.8 |
18 |
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Foreign Equities Purchased, net |
-106.5 |
-95.3 |
-159.0 |
-8.4 |
1.6 |
16.9 |
2.9 |
-2.4 |
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19 |
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Net Long-Term Securities Transactions (line 3 plus line 16): |
892.3 |
791.6 |
705.7 |
831.6 |
52.7 |
18.4 |
21.0 |
66.2 |
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20 |
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Other Acquisitions of Long-term Securities, net /5 |
-174.6 |
-235.1 |
-238.3 |
-210.1 |
-18.8 |
-14.5 |
-12.9 |
-13.5 |
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21 |
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Net Foreign Acquisition of Long-Term Securities |
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(lines 19 and 20) : |
717.7 |
556.5 |
467.4 |
621.5 |
33.9 |
3.9 |
8.1 |
52.7 |
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22 |
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Increase in Foreign Holdings of Dollar-denominated Short-term |
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U.S. Securities and Other Custody Liabilities: /6 |
146.2 |
198.6 |
126.5 |
191.1 |
-30.6 |
15.8 |
22.1 |
11.6 |
23 |
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U.S. Treasury Bills |
-9.0 |
49.2 |
17.7 |
239.9 |
6.5 |
4.2 |
30.6 |
89.9 |
24 |
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Private, net |
16.1 |
29.7 |
18.8 |
141.4 |
-0.2 |
-1.6 |
17.5 |
58.7 |
25 |
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Official, net |
-25.0 |
19.5 |
-1.1 |
98.5 |
6.6 |
5.8 |
13.1 |
31.2 |
26 |
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Other Negotiable Instruments |
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and Selected Other Liabilities: /7 |
155.1 |
149.4 |
108.9 |
-48.8 |
-37.1 |
11.5 |
-8.5 |
-78.3 |
27 |
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Private, net |
174.9 |
73.2 |
77.8 |
-47.8 |
-39.1 |
5.1 |
-0.4 |
-70.0 |
28 |
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Official, net |
-19.8 |
76.1 |
31.1 |
-1.0 |
2.0 |
6.4 |
-8.1 |
-8.4 |
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29 |
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Change in Banks' Own Net Dollar-Denominated Liabilities |
198.0 |
-122.9 |
-60.6 |
-320.1 |
10.1 |
-44.8 |
-8.8 |
79.1 |
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30 |
Monthly Net TIC Flows (lines 21,22,29) /8 |
1061.8 |
632.3 |
533.4 |
492.5 |
13.3 |
-25.1 |
21.4 |
143.4 |
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of which |
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31 |
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Private, net |
923.0 |
345.2 |
351.5 |
190.8 |
0.3 |
-43.4 |
24.1 |
126.9 |
32 |
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Official, net |
138.9 |
287.1 |
181.9 |
301.7 |
13.0 |
18.3 |
-2.7 |
16.4 |
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/1 |
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Net foreign purchases of U.S. securities (+) |
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/2 |
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Includes international and regional organizations |
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/3 |
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The reported division of net purchases of long-term securities between net purchases by foreign official institutions and net purchases |
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of other foreign investors is subject to a "transaction bias" described in Frequently Asked Questions 7 and 10.a.4 on the TIC website. |
/4 |
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Net transactions in foreign securities by U.S. residents. Foreign purchases of foreign securities = U.S. sales of foreign securities to foreigners. |
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Thus negative entries indicate net U.S. purchases of foreign securities, or an outflow of capital from the United States; positive entries |
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indicate net U.S. sales of foreign securities. |
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/5 |
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Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities + |
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estimated foreign acquisitions of U.S. equity through stock swaps - |
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estimated U.S. acquisitions of foreign equity through stock swaps + |
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increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries. |
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/6 |
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These are primarily data on monthly changes in banks' and broker/dealers' custody liabilities. Data on custody claims are collected |
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quarterly and published in the Treasury Bulletin and the TIC website. |
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/7 |
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"Selected Other Liabilities" are primarily the foreign liabilities of U.S. customers that are managed by U.S. banks or broker/dealers. |
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/8 |
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TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected |
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and published by the Department of Commerce's Bureau of Economic Analysis. In addition to the monthly data summarized here, the |
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TIC collects quarterly data on some banking and nonbanking assets and liabilities. Frequently Asked Question 1 on the TIC website |
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describes the scope of TIC data collection. |
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REPORTS