[Economic Indicators November, 2008]
[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 $225.7 billion in the second quarter of 2008, following 
an increase of $221.3 billion in the first quarter. U.S. liabilities to 
private foreigners reported by U.S. banks, excluding Treasury 
securities, decreased $233.6 billion in the second quarter, following an 
increase of $79.1 billion in the first 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,  excluding financial    Foreign-owned assets in the U.S.,                                           official
                                           Capital       derivatives  [increase/financial outflow (-)]     excluding financial derivatives                 Total (sum                  reserve
                Period                     account    --------------------------------------------------   [increase/financial inflow (+)]     Financial     of the     Of which:    assets, net
                                        transactions,                  U.S.     Other U.S.              ------------------------------------ derivatives,  items with    Seasonal        \4\
                                              net                    official     Govern-       U.S.                   Foreign      Other         net         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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1998 .................................         -766       -353,829      -6,783        -422     -346,624     420,794     -19,903     440,697  ............     148,863  ...........       81,761
1999 .................................       -4,939       -504,062       8,747       2,750     -515,559     742,210      43,543     698,667  ............      68,421  ...........       71,516
2000 .................................       -1,010       -560,523        -290        -941     -559,292   1,038,224      42,758     995,466  ............     -59,265  ...........       67,647
2001 .................................       -1,270       -382,616      -4,911        -486     -377,219     782,870      28,059     754,811  ............     -14,285  ...........       68,654
2002 .................................       -1,470       -294,646      -3,681         345     -291,310     795,161     115,945     679,216  ............     -37,770  ...........       79,006
2003 .................................       -3,480       -325,424       1,523         537     -327,484     858,303     278,069     580,234  ............      -6,000  ...........       85,938
2004 .................................       -2,369     -1,000,870       2,805       1,710   -1,005,385   1,533,201     397,755   1,135,446  ............      95,030  ...........       86,824
2005 .................................       -4,036       -546,631      14,096       5,539     -566,266   1,247,347     259,268     988,079  ............      32,313  ...........       65,127
2006 .................................       -3,880     -1,251,749       2,374       5,346   -1,259,469   2,061,113     487,939   1,573,174       29,710      -47,078  ...........       65,895
2007 .................................       -1,843     -1,289,854        -122     -22,273   -1,267,459   2,057,703     411,058   1,646,645        6,496      -41,287  ...........       70,565
 
2005:I ...............................       -2,594       -129,175       5,331       2,591     -137,097     234,182      25,052     209,130  ............      71,644      12,224        78,942
      II .............................         -510       -222,397        -797         989     -222,589     304,880      81,292     223,588  ............      95,848      -1,323        76,594
      III ............................         -467       -204,361       4,766       1,501     -210,628     425,404      54,736     370,668  ............     -51,683     -21,122        71,273
      IV .............................         -465          9,302       4,796         459        4,047     282,881      98,188     184,693  ............     -83,495      10,222        65,127
 
2006:I ...............................       -1,716       -359,608         513       1,049     -361,170     537,649     130,427     407,222        1,633       17,994      10,054        65,354
      II .............................       -1,005       -234,828        -560       1,765     -236,033     405,008     127,303     277,705       14,090       16,641         587        67,935
      III ............................         -533       -286,769       1,006       1,570     -289,346     524,858     121,843     403,015       15,134      -41,784     -19,426        66,217
      IV .............................         -626       -370,543       1,415         962     -372,920     593,598     108,366     485,232       -1,147      -39,927       8,787        65,895
 
2007:I ...............................         -543       -442,065         -72         445     -442,438     692,713     163,270     529,443       14,795      -67,970      12,192        66,551
      II .............................         -112       -523,556          26        -596     -522,985     718,112      88,822     629,290       -1,007          656         722        66,127
      III ............................         -617       -170,476         -54         623     -171,045     266,476      13,469     253,007        5,942       71,627     -21,805        69,070
      IV .............................         -571       -153,757         -22     -22,744     -130,990     380,402     145,497     234,905      -13,234      -45,600       8,892        70,565
 
2008:I ...............................         -600       -260,644        -276       3,265     -263,634     459,017     173,533     285,484       -8,001      -14,131       9,271        75,764
      II p............................         -652        110,431      -1,267     -41,265      152,963      26,301     144,417    -118,116  ............      47,067      -3,464        75,740
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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.