[Economic Indicators July, 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 decreased $12.9 billion in the first quarter of 1998, following an 
increase of $27.5 billion in the fourth quarter of 1997. U.S. 
liabilities to private foreigners reported by U.S. banks, excluding 
Treasury securities, decreased $41.2 billion in the first quarter, 
following an increase of $89.6 billion in the fourth 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  ...........     -17,644  ...........       47,802 
1989................................................    -168,744       -25,293         1,259    -144,710     224,390       8,503     215,887  ...........      48,494  ...........       74,609 
1990................................................     -74,011        -2,158         2,307     -74,160     140,992      33,910     107,082  ...........      24,643  ...........       83,316 
1991................................................     -57,881         5,763         2,911     -66,555     109,641      17,389      92,253  ...........     -47,378  ...........       77,721 
1992................................................     -68,774         3,901        -1,657     -71,018     168,776      40,477     128,299  ...........     -48,628  ...........       71,323 
1993................................................    -194,537        -1,379          -342    -192,817     279,671      71,753     207,918  ...........         999  ...........       73,442 
1994 ...............................................    -171,102         5,346          -389    -176,059     304,460      39,583     264,877  ...........      -9,533  ...........       74,335 
1995 ...............................................    -327,453        -9,742          -589    -317,122     465,449     109,768     355,681  ...........     -22,742  ...........       85,832 
1996 ...............................................    -368,801         6,668          -708    -374,761     563,357     127,344     436,013  ...........     -59,641  ...........       75,089 
1997 ...............................................    -478,502        -1,010           174    -477,666     733,441      15,817     717,624  ...........     -99,724  ...........       69,954 
                                                                                                                                                                                                
1995:III ...........................................     -40,903        -1,893           252     -39,262     124,329      39,356      84,973  ...........     -54,548      -7,559        87,152 
      IV ...........................................    -111,020           191          -458    -110,753     109,169      11,500      97,669  ...........      23,765       2,463        85,832 
                                                                                                                                                                                                
1996:I .............................................     -69,695            17          -210     -69,502      90,534      51,833      38,701  ...........       7,376       4,928        84,212 
      II ...........................................     -60,623          -523          -377     -59,723     109,122      13,601      95,521  ...........     -15,493         116        83,455 
      III ..........................................     -83,101         7,489           163     -90,753     149,361      23,432     125,929  ...........     -25,870      -8,779        75,509 
      IV ...........................................    -155,381          -315          -284    -154,782     214,339      38,478     175,861  ...........     -25,655       3,734        75,089 
                                                                                                                                                                                                
1997:I .............................................    -145,139         4,480           -22    -149,597     181,735      26,949     154,786  ...........         394       5,812        67,222 
      II ...........................................     -86,606          -236          -269     -86,101     149,773      -5,411     155,184  ...........     -28,077         685        67,813 
      III ..........................................    -123,317          -730           436    -123,023     181,438      21,258     160,180  ...........     -20,027     -10,018        67,148 
      IV ...........................................    -123,441        -4,524            29    -118,946     220,491     -26,979     247,470  ...........     -52,007       3,528        69,954 
                                                                                                                                                                                                
1998:I p............................................     -44,747          -444          -426     -43,877      90,893      10,181      80,712  ...........       1,064       6,260        69,353 
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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.