[Economic Indicators August, 2004]
[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 increased $183.4 billion in the first quarter of 2004, in contrast
to a decrease of $47.1 billion in the fourth quarter of 2003. U.S.
liabilities to private foreigners reported by U.S. banks, excluding
Treasury securities, increased $141.3 billion in the first quarter,
following an increase of $35.8 billion in the fourth 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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1994 ................................................. -1,723 -178,937 5,346 -390 -183,893 305,989 39,583 266,406 -7,297 ........... 74,335
1995 ................................................. -927 -352,264 -9,742 -984 -341,538 438,562 109,880 328,682 24,107 ........... 85,832
1996 ................................................. -654 -413,409 6,668 -989 -419,088 551,096 126,724 424,372 -16,826 ........... 75,089
1997 ................................................. -1,044 -485,475 -1,010 68 -484,533 706,809 19,036 687,773 -84,311 ........... 69,954
1998 ................................................. -740 -347,829 -6,783 -422 -340,624 423,569 -19,903 443,472 134,557 ........... 81,761
1999 ................................................. -4,843 -503,640 8,747 2,750 -515,137 740,210 43,543 696,667 65,095 ........... 71,516
2000 ................................................. -809 -569,798 -290 -941 -568,567 1,046,896 42,758 1,004,138 -62,846 ........... 67,647
2001 ................................................. -1,083 -366,768 -4,911 -486 -361,371 782,859 28,059 754,800 -29,307 ........... 68,654
2002 ................................................. -1,260 -198,014 -3,681 345 -194,678 768,246 113,990 654,256 -95,028 ........... 79,006
2003 ................................................. -3,079 -283,414 1,523 537 -285,474 829,173 248,573 580,600 -12,012 ........... 85,938
2001:I ............................................... -269 -211,382 190 77 -211,649 332,155 21,333 310,822 -13,815 6,712 64,222
II ............................................. -260 -84,086 -1,343 -783 -81,960 207,866 -19,965 227,831 -25,977 -2,634 64,847
III ............................................ -297 37,302 -3,559 77 40,784 22,936 15,653 7,283 31,956 -9,618 70,963
IV ............................................. -257 -108,601 -199 143 -108,545 219,902 11,038 208,864 -21,470 5,541 68,654
2002:I ............................................... -281 -34,144 390 133 -34,667 165,989 12,801 153,188 -21,359 10,292 67,574
II ............................................. -271 -133,373 -1,843 42 -131,572 229,135 53,312 175,823 22,398 -1,206 74,696
III ............................................ -361 21,574 -1,416 -27 23,017 150,075 17,720 132,355 -52,288 -14,052 75,860
IV ............................................. -347 -52,069 -812 197 -51,454 223,047 30,157 192,890 -43,782 4,963 79,006
2003:I ............................................... -406 -102,665 83 53 -102,801 246,105 48,986 197,119 -4,828 11,091 80,049
II ............................................. -1,552 -110,962 -170 310 -111,102 218,553 65,245 153,308 27,836 -3,121 81,660
III ............................................ -821 -8,138 -611 483 -8,010 134,202 50,663 83,539 6,385 -13,418 84,431
IV ............................................. -300 -61,647 2,221 -309 -63,559 230,311 83,679 146,632 -41,404 5,449 85,938
2004:I p.............................................. -344 -289,293 557 539 -290,389 447,594 125,240 322,354 -13,078 11,504 85,192
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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.