[Economic Indicators March, 1999]
[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 $22.5 billion in the fourth quarter, following an 
increase of $32.0 billion in the third quarter. U.S. liabilities to 
private foreigners reported by U.S. banks, excluding Treasury 
securities, decreased $21.6 billion in the fourth quarter, following an 
increase of $77.0 billion in the third quarter. (Data for 1998 revised.)
  ______________________________________________________________________


  ______________________________________________________________________

                                                           [Millions of dollars; quarterly data seasonally adjusted, except as noted]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                      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)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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
1998 p..............................................    -305,385        -6,784          -836    -297,765     542,482     -22,112     564,594  ...........      -3,649  ...........       81,761
 
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 r............................................     -46,025          -444          -388     -45,193      95,637      11,324      84,313  ...........      -2,594       6,769        69,353
      II r..........................................    -110,164        -1,945          -433    -107,786     164,967     -10,274     175,241  ...........       2,168       2,024        71,161
      III r.........................................     -60,395        -2,026           174     -58,543      98,742     -46,347     145,089  ...........      27,347     -10,195        75,676
      IV p..........................................     -88,798        -2,369          -189     -86,240     183,136      23,185     159,951  ...........     -30,573      -1,399        81,761
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \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.