[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



INTERNATIONAL STATISTICS


[[Page 449]]


Table B-107.--International investment position of the United States at year-end, 1989-97
[Billions of dollars]
----------------------------------------------------------------------------------------------------------------
Type of  investment         1989     1990     1991     1992     1993     1994     1995     1996      1997
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NET INTERNATIONAL INVESTMENT
POSITION OF THE

UNITED STATES:

With direct investment at
current cost............   -222.4   -206.3   -269.1   -398.2   -275.6   -351.9   -603.1   -767.1   -1,223.6
With direct investment at
market value............    -49.1   -166.8   -263.1   -454.6   -180.4   -232.9   -537.1   -743.7   -1,322.5

U.S. ASSETS ABROAD:

With direct investment at
current cost............  2,076.0  2,180.0  2,285.1  2,325.0  2,742.5  2,901.8  3,296.8  3,767.0    4,237.3
With direct investment at
market value............  2,348.1  2,291.7  2,468.4  2,464.2  3,055.3  3,217.4  3,754.3  4,347.1    5,007.1

U.S. official reserve assets.    168.7    174.7    159.2    147.4    164.9    163.4    176.1    160.7      134.8
Gold\1\..................    105.2    102.4     92.6     87.2    102.6    100.1    101.3     96.7       75.9
Special drawing rights...     10.0     11.0     11.2      8.5      9.0     10.0     11.0     10.3       10.0
Reserve position in the
International Monetary
Fund....................      9.0      9.1      9.5     11.8     11.8     12.0     14.6     15.4       18.1
Foreign currencies.......     44.6     52.2     45.9     40.0     41.5     41.2     49.1     38.3       30.8

U.S. Government assets, other
than official reserves......     84.5     82.0     79.1     80.7     81.0     80.4     81.0     81.7       81.5
U.S. credits and other
long-term assets........     83.9     81.4     77.5     79.1     79.1     78.2     79.0     79.8       79.6
Repayable in dollars.     82.4     80.0     76.3     78.0     78.1     77.5     78.3     79.1       78.9
Other................      1.5      1.3      1.2      1.1      1.0       .8       .7       .7         .6
U.S. foreign currency
holdings and U.S. short-
term assets.............       .6       .6      1.6      1.6      1.9      2.2      2.0      1.9        1.9

U.S. private assets:
With direct investment at
current cost............  1,822.8  1,923.3  2,046.8  2,096.8  2,496.6  2,658.0  3,039.7  3,524.6    4,021.0
With direct investment at
market value............  2,094.9  2,035.1  2,230.0  2,236.0  2,809.3  2,973.6  3,497.2  4,104.7    4,790.8

Direct investment abroad:
At current cost........    560.4    620.0    644.3    659.4    714.8    752.1    849.7    937.0    1,023.9
At market value........    832.5    731.8    827.5    798.6  1,027.5  1,067.8  1,307.2  1,517.1    1,793.7
Foreign securities.........    314.3    342.3    455.8    515.1    853.5    889.7  1,054.4  1,280.2    1,446.3
Bonds..................    116.9    144.7    176.8    200.8    309.7    303.1    355.3    403.4      445.0
Corporate stocks.......    197.3    197.6    279.0    314.3    543.9    586.6    699.1    876.8    1,001.3
U.S. claims on unaffiliated
foreigners
reported by U.S.
nonbanking concerns.......    234.3    265.3    256.3    254.3    242.0    323.0    367.6    450.0      562.4
U.S. claims reported by
U.S. banks, not included
elsewhere.................    713.8    695.7    690.4    668.0    686.2    693.1    768.1    857.5      988.4

FOREIGN ASSETS IN THE UNITED
STATES:

With direct investment at
current cost............  2,298.4  2,386.3  2,554.3  2,723.2  3,018.2  3,253.7  3,899.9  4,534.1    5,460.9
With direct investment at
market value............  2,397.2  2,458.6  2,731.4  2,918.8  3,235.7  3,450.4  4,291.4  5,090.8    6,329.6

Foreign official assets in
the United States...........    341.7    373.3    398.5    437.3    509.4    535.2    671.6    801.1      833.9
U.S. Government
securities..............    263.6    291.2    311.2    329.3    381.7    407.2    497.8    612.7      614.4
U.S. Treasury
securities..........    257.2    285.9    306.0    322.6    373.1    396.9    482.8    592.9      589.9
Other................      6.4      5.3      5.2      6.7      8.6     10.3     15.0     19.8       24.5
Other U.S. Government
liabilities.............     15.4     17.2     18.6     20.8     22.1     23.7     23.5     23.1       20.6
U.S. liabilities reported
by U.S. banks, not
included elsewhere......     36.5     39.9     38.4     55.0     69.7     73.4    107.4    113.1      135.0
Other foreign official
assets..................     26.3     24.9     30.3     32.2     35.9     31.0     43.0     52.2       63.9

Other foreign assets in the
United States:
With direct investment at
current cost............  1,956.7  2,013.0  2,155.7  2,285.9  2,508.7  2,718.5  3,228.3  3,733.0    4,627.0
With direct investment at
market value............  2,055.5  2,085.3  2,332.9  2,481.5  2,726.3  2,915.2  3,619.7  4,289.7    5,495.7

Direct investment in the
United States:
At current cost........    435.9    467.3    491.9    500.5    550.9    561.2    614.3    667.0      751.8
At market value........    534.7    539.6    669.1    696.2    768.4    757.9  1,005.7  1,223.7    1,620.5
U.S. Treasury securities...    166.5    152.5    170.3    197.7    221.5    235.7    357.7    504.8      662.0
U.S. currency..............     67.1     85.9    101.3    114.8    133.7    157.2    169.5    186.8      211.6
U.S. securities other than
U.S. Treasury securities..    482.9    460.6    546.0    599.4    696.4    739.7    971.4  1,199.5    1,578.0
Corporate and other
bonds.................    231.7    238.9    274.1    299.3    355.8    368.1    481.2    588.0      718.1
Corporate stocks.......    251.2    221.7    271.9    300.2    340.6    371.6    490.1    611.4      859.9
U.S. liabilities to
unaffiliated foreigners
reported by U.S.
nonbanking concerns.......    167.1    213.4    208.9    220.7    229.0    239.8    300.4    346.7      453.6
U.S. liabilities reported
by U.S. banks, not
included elsewhere........    637.1    633.3    637.2    652.7    677.1    784.9    815.0    828.2      970.0
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\1\Valued at market price.

Note.--For details regarding these data, see Survey of Current Business, July 1998.

Source: Department of Commerce, Bureau of Economic Analysis.