[Economic Indicators November, 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 increased $37.1 billion in the second quarter of 1999, following a 
decrease of $27.8 billion in the first quarter. U.S. liabilities to 
private foreigners reported by U.S. banks, excluding Treasury 
securities, increased $49.4 billion in the second quarter, following a 
decrease of $14.2 billion in the first quarter.
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                                                           [Millions of dollars; quarterly data seasonally adjusted, except as noted]
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                                                                                                       Financial account                                   Statistical discrepancy
                                                                    ---------------------------------------------------------------------------------------------------------------     U.S.
                                                                     U.S. assets abroad, net  [increase/capital outflow   Foreign assets in the U.S., net                             official
                                                                                            (-)]                           [increase/capital inflow (+)]   Total (sum                  reserve
                        Period                             Capital  --------------------------------------------------------------------------------------   of the     Of which:    assets, net
                                                        account \3\                              Other U.S.                                                items with    Seasonal        \5\
                                                                                 U.S.  official    Govern-      U.S.                  Foreign     Other       sign      adjustment  (unadjusted,
                                                                        Total        reserve        ment       private     Total     official    foreign    reversed)  discrepancy     end of
                                                                                 assets \3\ \5\  assets \3\    assets               assets \3\    assets                               period)
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1989 .................................................         336     -175,662       -25,293         1,233    -151,602    225,307       8,503    216,804      48,920  ...........       74,609
1990 .................................................      -6,579      -81,570        -2,158         2,317     -81,729    142,028      33,910    108,118      25,454  ...........       83,316
1991 .................................................      -4,479      -64,732         5,763         2,924     -73,419    111,332      17,389     93,944     -46,405  ...........       77,721
1992 .................................................         612      -74,877         3,901        -1,667     -77,111    171,815      40,477    131,338     -46,921  ...........       71,323
1993 .................................................         -88     -201,014        -1,379          -351    -199,284    283,230      71,753    211,477       3,157  ...........       73,442
1994 .................................................        -469     -176,586         5,346          -390    -181,542    307,306      39,583    267,723      -8,571  ...........       74,335
1995 .................................................         372     -330,675        -9,742          -984    -319,949    467,552     109,880    357,672     -23,683  ...........       85,832
1996 .................................................         672     -380,762         6,668          -989    -386,441    574,847     127,390    447,457     -65,462  ...........       75,089
1997 .................................................         292     -465,296        -1,010            68    -464,354    751,661      18,119    733,542    -143,192  ...........       69,954
1998 .................................................         617     -292,818        -6,784          -429    -285,605    502,637     -21,684    524,321      10,126  ...........       81,761
 
1997:I ...............................................         135     -144,665         4,480           -76    -149,069    185,303      27,524    157,779      -5,875       4,724        67,222
      II .............................................          56      -91,124          -236          -298     -90,590    152,767      -6,177    158,944     -30,228        -682        67,813
      III ............................................          19     -112,578          -730           377    -112,225    188,126      23,260    164,866     -39,952     -10,546        67,148
      IV .............................................          82     -116,929        -4,524            65    -112,470    225,466     -26,488    251,954     -67,141       6,500        69,954
 
1998:I ...............................................         143      -59,599          -444           -81     -59,074     96,817      11,004     85,813       5,657       5,915        69,353
      II .............................................         160     -120,517        -1,945          -483    -118,089    162,466     -10,551    173,017      10,291         528        71,161
      III ............................................         148      -62,097        -2,026           185     -60,256     93,547     -46,489    140,036      31,878     -10,582        75,676
      IV .............................................         166      -50,607        -2,369           -50     -48,188    149,805      24,352    125,453     -37,695       4,144        81,761
 
1999:I ...............................................         166      -15,148         4,068           119     -19,335     88,860       4,708     84,152      -5,224       5,264        74,359
      II p............................................         180     -124,161         1,159          -380    -124,940    241,047        -986    242,033     -36,393         582        71,689
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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.