[Economic Indicators March, 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 $11.0 billion in the fourth quarter of 2002, following a 
decrease of $53.8 billion in the third quarter. U.S. liabilities to 
private foreigners reported by U.S. banks, excluding Treasury 
securities, increased $54.6 billion in the fourth quarter, compared with 
an increase of $18.8 billion in the third quarter.
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                                                       [Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (-)]
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                                                                                                        Financial account                                  Statistical discrepancy
                                                                      -------------------------------------------------------------------------------------------------------------     U.S.
                                                                          U.S.-owned assets abroad, net  [increase/     Foreign-owned assets in the U.S.,                             official
                                                           Capital                 financial outflow (-)]                net  [increase/financial inflow   Total (sum                  reserve
                        Period                             account    ------------------------------------------------                (+)]                   of the     Of which:    assets, net
                                                        transactions,                 U.S.     Other U.S.             ------------------------------------ items with    Seasonal        \4\
                                                              net                   official     Govern-      U.S.                   Foreign      Other       sign      adjustment  (unadjusted,
                                                                          Total      reserve      ment       private      Total     official     foreign    reversed)  discrepancy     end of
                                                                                   assets \4\    assets      assets                  assets      assets                                period)
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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
2002 p................................................          708      -156,169      -3,681         379    -152,867     630,364      96,630     533,734      28,524  ...........       79,006
 
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 r..............................................          208       -26,184         390         133     -26,707     113,600       7,641     105,959      24,918      10,269        67,574
      II r............................................          200      -131,345      -1,843          42    -129,544     204,411      47,252     157,159      54,431       1,504        74,696
      III r...........................................          156        40,271      -1,416         -27      41,714     129,320       9,534     119,786     -43,410     -13,991        75,860
      IV p............................................          144       -38,915        -812         231     -38,334     183,030      32,203     150,827      -7,405       2,228        79,006
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    \4\ 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.