[Economic Indicators January, 2003] [Page Number 37] [From the U.S. Government Publishing Office, www.gpo.gov] U.S. INTERNATIONAL TRANSACTIONS--Continued In the financial account, U.S. claims on foreigners reported by U.S. banks decreased $46.4 billion in the third quarter of 2002, in contrast to an increase of $68.7 billion in the second quarter. U.S. liabilities to private foreigners reported by U.S. banks, excluding Treasury securities, increased $8.3 billion in the third quarter, following an increase of $32.2 billion in the second quarter. ____________________________________________________________________________________________________________________________________________ [Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Financial account Statistical discrepancy ----------------------------------------------------------------------------------------------------------------- U.S. U.S.-owned assets abroad, net [increase/financial Foreign-owned assets in the U.S., official Capital outflow (-)] net [increase/financial inflow Total (sum reserve Period account ---------------------------------------------------- (+)] of the Of which: assets, net transactions, Other U.S. ------------------------------------ items with Seasonal \5\ net \3\ 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) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1992.............................................. 612 -74,410 3,901 -1,667 -76,644 170,663 40,477 130,186 -48,350 ........... 71,323 1993.............................................. -88 -200,552 -1,379 -351 -198,822 282,040 71,753 210,287 1,123 ........... 73,442 1994.............................................. -469 -176,056 5,346 -390 -181,012 305,989 39,583 266,406 -11,220 ........... 74,335 1995 ............................................. 372 -352,376 -9,742 -984 -341,650 438,562 109,880 328,682 19,265 ........... 85,832 1996 ............................................. 693 -413,923 6,668 -989 -419,602 551,096 126,724 424,372 -20,045 ........... 75,089 1997 ............................................. 350 -487,599 -1,010 68 -486,657 706,809 19,036 687,773 -91,188 ........... 69,954 1998 ............................................. 704 -359,760 -6,783 -422 -352,555 423,569 -19,903 443,472 139,314 ........... 81,761 1999 ............................................. -3,340 -477,569 8,747 2,750 -489,066 742,479 43,666 698,813 31,286 ........... 71,516 2000 ............................................. 837 -606,489 -290 -941 -605,258 1,015,986 37,640 978,346 7 ........... 67,647 2001 ............................................. 826 -370,962 -4,911 -486 -365,565 752,806 5,224 747,582 10,701 ........... 68,654 2000:I ........................................... 210 -228,888 -554 -127 -228,207 240,723 22,711 218,012 82,053 7,951 70,789 II ......................................... 206 -110,470 2,020 -570 -111,920 245,787 6,563 239,224 -37,436 -838 67,955 III ........................................ 207 -93,029 -346 114 -92,797 244,933 12,904 232,029 -44,934 -10,675 66,256 IV ......................................... 214 -174,104 -1,410 -358 -172,336 284,544 -4,538 289,082 328 3,566 67,647 2001:I ........................................... 208 -215,815 190 77 -216,082 302,510 4,087 298,423 20,819 7,691 64,222 II ......................................... 207 -80,036 -1,343 -783 -77,910 181,610 -20,831 202,441 -2,547 875 64,847 III ........................................ 206 24,978 -3,559 77 28,460 17,889 16,882 1,007 48,258 -10,286 70,963 IV ......................................... 205 -100,088 -199 143 -100,032 250,797 5,086 245,711 -55,828 1,721 68,654 2002:I ........................................... 208 -25,918 390 133 -26,441 113,496 7,641 105,855 24,668 10,019 67,574 II ......................................... 200 -131,079 -1,843 42 -129,278 204,307 47,252 157,055 54,183 1,256 74,696 III p....................................... 223 23,920 -1,416 172 25,164 148,510 9,319 139,191 -45,612 -14,063 75,860 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \5\ Consists of gold, special drawing rights (SDRs), foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF). Sources: Department of Commerce (Bureau of Economic Analysis) and Department of the Treasury.