[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b103._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-103.--International investment position of the United States at year-end, 1986-94
[Billions of dollars]
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Type of  investment          1986     1987     1988     1989     1990     1991     1992     1993     1994
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INVESTMENT
THE



With direct investment at
current cost..............     45.0    -11.1   -134.5   -250.3   -251.1   -355.1   -515.7   -545.3   -680.8
With direct investment at
market value..............    136.4     71.3     14.8    -77.1   -211.7   -349.0   -570.6   -453.9   -584.0

U.S. ASSETS ABROAD:
With direct investment at
current cost..............  1,479.1  1,637.1  1,784.1  1,979.3  2,066.4  2,131.7  2,142.2  2,393.6  2,477.7
With direct investment at
market value..............  1,577.7  1,722.3  1,949.7  2,251.4  2,178.1  2,314.9  2,282.9  2,708.7  2,765.2

U.S. official reserve assets...    139.9    162.4    144.2    168.7    174.7    159.2    147.4    164.9    163.4
Gold \1\...................    102.4    127.6    107.4    105.2    102.4     92.6     87.2    102.6    100.1
Special drawing rights.....      8.4     10.3      9.6     10.0     11.0     11.2      8.5      9.0     10.0
Reserve position in the
International Monetary
Fund......................     11.7     11.3      9.7      9.0      9.1      9.5     11.8     11.8     12.0
Foreign currencies.........     17.3     13.1     17.4     44.6     52.2     45.9     40.0     41.5     41.2

U.S. Government assets other
than official reserves........     89.6     88.9     86.1     84.5     82.0     79.1     80.7     81.0     81.3
U.S. credits and other long-
term assets...............     88.7     88.1     85.4     83.9     81.4     77.4     79.0     79.0     79.2
Repayable in dollars...     87.1     86.5     83.9     82.4     80.0     76.2     77.9     78.0     78.3
Other..................      1.6      1.6      1.5      1.5      1.3      1.2      1.1      1.0       .9
U.S. foreign currency
holdings and U.S. short-
term assets...............       .9       .8       .7       .6       .6      1.6      1.7      2.0      2.1

U.S. private assets:
With direct investment at
current cost..............  1,249.6  1,385.9  1,553.8  1,726.1  1,809.7  1,893.4  1,914.0  2,147.6  2,233.0
With direct investment at
market value..............  1,348.2  1,471.0  1,719.4  1,998.2  1,921.5  2,076.7  2,054.8  2,462.7  2,520.5

Direct investment abroad:
At current cost..........    431.5    505.1    526.8    560.4    620.0    644.3    657.9    706.6    761.0
At market value..........    530.1    590.2    692.5    832.5    731.8    827.5    798.6  1,021.7  1,048.4
Foreign securities...........    143.4    154.0    176.0    217.6    228.7    302.4    333.8    542.9    538.6
Bonds....................     80.4     84.3     90.0     97.8    118.7    143.6    155.8    245.2    224.7
Corporate stocks.........     63.0     69.6     86.0    119.9    110.0    158.8    178.1    297.7    313.9
U.S. claims on unaffiliated
foreigners
reported by U.S. nonbanking
concerns....................    167.4    177.4    197.8    234.3    265.3    256.3    254.3    250.4    286.8
U.S. claims reported by U.S.
banks, not included
elsewhere                       507.3    549.5    653.2    713.8    695.7    690.4    668.0    647.7    646.7

FOREIGN ASSETS IN THE UNITED
STATES:
With direct investment at
current cost..............  1,434.2  1,648.2  1,918.6  2,229.7  2.317.5  2,486.8  2,657.9  2,938.9  3,158.6
With direct investment at
market value..............  1,441.3  1,650.9  1,935.0  2,328.5  2,389.8  2,664.0  2,853.5  3,162.5  3,349.2

Foreign official assets in the
United States.................    241.2    283.1    322.0    341.9    375.3    401.7    442.7    516.7    545.3
U.S. Government securities.    178.9    220.5    260.9    263.7    295.0    315.9    335.7    388.3    414.9
U.S. Treasury
securities............    173.3    213.7    253.0    257.3    287.9    307.1    323.0    371.2    393.4
Other..................      5.6      6.8      8.0      6.4      7.1      8.8     12.7     17.1     21.5
Other U.S. Government
liabilities...............     18.0     15.7     15.2     15.4     17.2     18.6     20.8     22.5     24.7
U.S. liabilities reported
by U.S. banks, not
included elsewhere........     27.9     31.8     31.5     36.5     39.9     38.4     55.0     69.8     72.7
Other foreign official
assets....................     16.4     15.0     14.4     26.3     23.2     28.7     31.3     36.1     32.9

Other foreign assets in the
United States:
With direct investment at
current cost..............  1,193.0  1,365.1  1,596.6  1,887.8  1,942.2  2,085.1  2,215.2  2,422.2  2,613.3
With direct investment at
market value..............  1,200.1  1,367.9  1,612.9  1,986.6  2,014.4  2,262.3  2,410.8  2,645.9  2,803.9

Direct investment in the
United States:
At current cost..........    265.8    313.5    375.2    435.9    467.3    491.9    498.6    535.8    580.5
At market value..........    273.0    316.2    391.5    534.7    539.6    669.1    694.2    759.5    771.1
U.S. Treasury securities.....     96.1     82.6    100.9    166.5    162.4    189.5    224.8    253.3    265.6
U.S. securities other than
U.S. Treasury securities....    309.8    341.7    392.3    482.9    467.4    559.2    620.0    732.2    755.7
Corporate and other bonds    140.9    166.1    191.3    231.7    245.7    287.3    319.9    392.1    417.8
Corporate stocks.........    168.9    175.6    201.0    251.2    221.7    271.9    300.2    340.0    337.9
U.S. liabilities to
unaffiliated foreigners
reported by U.S. nonbanking
concerns....................     90.7    110.2    144.5    167.1    213.4    208.9    220.7    229.0    225.1
U.S. liabilities reported by
U.S. banks, not included
elsewhere...................    430.6    517.2    583.7    635.5    631.6    635.6    651.0    671.9   786.3
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\1\ Valued at market price.

Note.--For details regarding these data, see Survey of Current Business, June issues 1991-1995.

Source: Department of Commerce, Bureau of Economic Analysis.