[Economic Indicators March, 1998]
[Page Number 37]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
U.S. INTERNATIONAL TRANSACTIONS--Continued

In the capital accounts, U.S. claims on foreigners reported by U.S. 
banks increased $30.5 billion in the fourth quarter of 1997, following 
an increase of $30.6 billion in the third quarter. U.S. liabilities to 
private foreigners reported by U.S. banks, excluding Treasury 
securities, increased $87.0 billion in the fourth quarter, following an 
increase of $10.1 billion in the third quarter.
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                                                           [Millions of dollars; quarterly data seasonally adjusted, except as noted]                                                           
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                                                      U.S. assets abroad, net  [increase/capital outflow    Foreign assets in the U.S., net                Statistical discrepancy      U.S.    
                                                                             (-)]                            [increase/capital inflow (+)]                -------------------------   official  
                                                     ---------------------------------------------------------------------------------------- Allocations                              reserve  
                                                                                                                                               of special  Total (sum   Of which:    assets, net
                       Period                                     U.S.  official  Other U.S.     U.S.                   Foreign      Other      drawing      of the      Seasonal        \5\    
                                                         Total        reserve       Govern-     private      Total     official     foreign      rights    items with   adjustment  (unadjusted,
                                                                  assets \3\ \5\     ment       assets                assets \3\    assets       (SDRs)       sign     discrepancy     end of   
                                                                                  assets \3\                                                                reversed)                  period)  
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1988................................................    -100,221        -3,912         2,967     -99,275     246,065      39,758     206,307  ...........     -17,600  ...........       47,802 
1989................................................    -168,744       -25,293         1,259    -144,710     224,390       8,503     215,887  ...........      48,585  ...........       74,609 
1990................................................     -74,011        -2,158         2,307     -74,160     140,992      33,910     107,082  ...........      24,911  ...........       83,316 
1991................................................     -57,881         5,763         2,911     -66,555     109,641      17,389      92,253  ...........     -46,103  ...........       77,721 
1992................................................     -68,774         3,901        -1,657     -71,018     168,776      40,477     128,299  ...........     -43,619  ...........       71,323 
1993................................................    -194,537        -1,379          -342    -192,817     279,671      71,753     207,918  ...........       5,637  ...........       73,442 
1994................................................    -160,516         5,346          -352    -165,510     297,337      40,385     256,952  ...........      -3,283  ...........       74,335 
1995................................................    -307,207        -9,742          -549    -296,916     451,234     110,729     340,505  ...........     -14,931  ...........       85,832 
1996................................................    -352,444         6,668          -690    -358,422     547,555     122,354     425,201  ...........     -46,927  ...........       75,089 
1997 p..............................................    -426,938        -1,010           177    -426,105     690,497      18,157     672,340  ...........     -97,113  ...........       69,954 
                                                                                                                                                                                                
1995:I..............................................     -59,625        -5,318          -158     -54,149      97,652      22,098      75,554  ...........      -3,318       5,658        86,761 
      II............................................    -110,548        -2,722          -184    -107,642     122,714      37,138      85,576  ...........      23,538        -775        90,063 
      III...........................................     -40,679        -1,893           266     -39,052     125,839      39,585      86,254  ...........     -52,028      -6,985        87,152 
      IV............................................     -96,356           191          -473     -96,074     105,029      11,908      93,121  ...........      16,881       2,106        85,832 
                                                                                                                                                                                                
1996:I..............................................     -70,768            17          -210     -70,575      88,233      52,014      36,219  ...........      15,419       6,228        84,212 
      II............................................     -49,698          -523          -358     -48,817     106,114      13,154      92,960  ...........     -20,831      -1,076        83,455 
      III...........................................     -77,542         7,489           162     -85,193     158,629      24,089     134,540  ...........     -38,254      -7,830        75,509 
      IV............................................    -154,436          -315          -284    -153,837     194,579      33,097     161,482  ...........      -3,269       2,669        75,089 
                                                                                                                                                                                                
1997:Ir.............................................    -128,297         4,480           -21    -132,756     182,282      28,891     153,391  ...........     -14,069       7,287        67,222 
      II r..........................................     -91,264          -236          -268     -90,760     143,059      -5,374     148,433  ...........     -14,000      -1,485        67,813 
      IIIr..........................................    -110,696          -730           461    -110,427     183,292      21,867     161,425  ...........     -29,482      -8,489        67,148 
      IVp...........................................     -96,678        -4,524             5     -92,159     181,863     -27,227     209,090  ...........     -39,566       2,683        69,954 
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    \5\ Consists of gold, special 
drawing rights (SDRs), foreign 
currencies, and the U.S. reserve 
position in the IMF.
    Sources: Department of Commerce 
(Bureau of Economic Analysis) and 
    Department of the Treasury.