[Economic Indicators July, 2005]
[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 $62.3 billion in the first quarter of 2005, in contrast 
to an increase of $97.3 billion in the fourth quarter of 2004. U.S. 
liabilities to private foreigners reported by U.S. banks, excluding 
Treasury securities, decreased $78.3 billion in the first quarter, in 
contrast to an increase of $91.5 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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1995 .................................................         -927      -352,264      -9,742        -984    -341,538     438,562     109,880     328,682    r 28,299  ...........       85,832
1996 .................................................         -631      -413,409       6,668        -989    -419,088     551,096     126,724     424,372     -12,162  ...........       75,089
1997 .................................................       -1,014      -485,475      -1,010          68    -484,533     706,809      19,036     687,773     -79,414  ...........       69,954
1998 .................................................         -702      -353,829      -6,783        -422    -346,624     423,569     -19,903     443,472     145,026  ...........       81,761
1999 .................................................       -4,888      -504,062       8,747       2,750    -515,559     740,210      43,543     696,667      68,800  ...........       71,516
2000 .................................................         -929      -560,523        -290        -941    -559,292   1,046,896      42,758   1,004,138     -69,445  ...........       67,647
2001 .................................................       -1,223      -382,616      -4,911        -486    -377,219     782,859      28,059     754,800      -9,564  ...........       68,654
2002 .................................................       -1,363      -294,027      -3,681         345    -290,691     794,343     115,945     678,398     -23,742  ...........       79,006
2003 .................................................       -3,214      -328,397       1,523         537    -330,457     889,043     278,275     610,768     -37,753  ...........       85,938
2004 .................................................       -1,648      -855,509       2,805       1,215    -859,529   1,440,105     394,710   1,045,395      85,126  ...........       86,824
 
 
2002:I ...............................................         -295       -84,219         390         133     -84,742     176,523      12,801     163,722      18,082       9,566        67,574
      II .............................................         -306      -139,716      -1,843          42    -137,915     230,205      53,312     176,893      29,103      -1,523        74,696
      III ............................................         -373           884      -1,416         -27       2,327     161,608      18,328     143,280     -42,040     -14,124        75,860
      IV .............................................         -389       -70,978        -812         197     -70,363     226,004      31,504     194,500     -28,889       6,079        79,006
 
2003:I ...............................................         -423       -91,631          83          53     -91,767     240,593      50,622     189,971     -11,879       9,623        80,049
      II .............................................       -1,596      -142,267        -170         310    -142,407     240,143      66,889     173,254      32,514      -4,407        81,660
      III ............................................         -837       -25,442        -611         483     -25,314     140,909      64,595      76,314      14,351     -13,009        84,431
      IV .............................................         -358       -69,057       2,221        -309     -70,969     267,397      96,169     171,228     -72,739       7,793        85,938
 
2004:I ...............................................         -428      -295,140         557         727    -296,424     423,023     147,401     275,622      18,646      11,010        85,192
      II .............................................         -372      -133,886       1,122          -2    -135,006     304,937      77,039     227,898      -4,044      -3,747        82,652
      III ............................................         -393      -137,525         429         -11    -137,943     254,228      75,792     178,436      50,672     -12,977        82,578
      IV .............................................         -455      -288,957         697         501    -290,155     457,915      94,478     363,437      19,856       5,718        86,824
 
2005:I p..............................................       -4,456       -60,686       5,331       4,543     -70,560     226,078      24,730     201,348      34,116      13,930        78,942
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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.