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Statistical Supplement | August 2004

Statistical Supplement to the Federal Reserve Bulletin, August 2004

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2001 2002 2003 2003 2004
Q1 Q2 Q3 Q4 Q1p
1 Balance on current account -385,701 -473,944 -530,668 -138,206 -133,875 -131,628 -126,960 -144,879
2 Balance on goods and services -362,692 -421,735 -496,508 -125,386 -123,380 -122,250 -125,494 -136,931
3 Exports 1,006,653 975,940 1,020,503 247,999 248,474 255,723 268,306 276,838
4 Imports -1,369,345 -1,397,675 -1,517,011 -373,385 -371,854 -377,973 -393,800 -413,769
5 Income, net 23,572 7,173 33,279 3,995 5,874 7,261 16,151 12,675
6 Investment, net 28,727 12,615 38,781 5,379 7,264 8,614 17,526 14,075
7 Direct 115,882 100,831 118,865 25,333 26,342 28,640 38,554 35,494
8 Portfolio -87,155 -88,216 -80,084 -19,954 -19,078 -20,026 -21,028 -21,419
9 Compensation of employees -5,155 -5,442 -5,502 -1,384 -1,390 -1,353 -1,375 -1,400
10 Unilateral current transfers, net -46,581 -59,382 -67,439 -16,815 -16,369 -16,639 -17,617 -20,623
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) -486 345 537 53 310 483 -309 539
 
12 Change in U.S. official reserve assets (increase, -) -4,911 -3,681 1,523 83 -170 -611 2,221 557
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -630 -475 601 897 -102 -97 -97 -100
15 Reserve position in International Monetary Fund -3,600 -2,632 1,494 -644 86 -383 2,435 815
16 Foreign currencies -681 -574 -572 -170 -154 -131 -117 -158
 
17 Change in U.S. private assets abroad (increase, -) -361,371 -194,678 -285,474 -102,801 -111,102 -8,010 -63,559 -290,389
18 Bank-reported claims2 -125,858 -30,307 -10,406 -24,138 -63,002 29,663 47,071 -183,438
19 Nonbank-reported claims -8,520 -45,425 -28,932 -11,207 -22,480 35,845 -31,090 -34,534
20 U.S. purchase of foreign securities, net -84,644 15,889 -72,337 -26,619 8,429 -28,312 -25,835 -15,211
21 U.S. direct investments abroad, net -142,349 -134,835 -173,799 -40,837 -34,049 -45,206 -53,705 -57,206
 
22 Change in foreign official assets in United States (increase, +) 28,059 113,990 248,573 48,986 65,245 50,663 83,679 125,240
23 U.S. Treasury securities 33,700 60,466 169,685 30,277 42,668 23,953 72,787 100,110
24 Other U.S. government obligations 20,920 28,550 24,883 9,568 3,290 3,340 8,685 13,016
25 Other U.S. government liabilities2 -2,309 137 -564 -437 -16 -41 -70 -177
26 Other U.S. liabilities reported by U.S. banks2 -29,978 21,221 49,420 8,325 18,552 22,019 524 10,849
27 Other foreign official assets3 5,726 3,616 5,149 1,253 751 1,392 1,753 1,442
 
28 Change in foreign private assets in United States (increase, +) 754,800 654,256 580,600 197,119 153,308 83,539 146,632 322,354
29 U.S. bank-reported liabilities4 118,379 96,410 75,643 24,562 8,990 6,280 35,811 141,304
30 U.S. nonbank-reported liabilities 66,110 77,990 84,014 69,410 -2,257 12,721 4,140 36,164
31 Foreign private purchases of U.S. Treasury securities, net -14,378 100,432 113,432 8,974 53,254 46,490 4,714 66,372
32 U.S. currency flows 23,783 21,513 16,640 4,927 1,458 2,768 7,487 -1,800
33 Foreign purchases of other U.S. securities, net 393,885 285,500 250,981 56,723 92,407 18,090 83,761 62,329
34 Foreign direct investments in United States, net 167,021 72,411 39,890 32,523 -544 -2,810 10,719 17,985
 
35 Capital account transactions, net5 -1,083 -1,260 -3,079 -406 -1,552 -821 -300 -344
36 Discrepancy -29,307 -95,028 -12,012 -4,828 27,836 6,385 -41,404 -13,078
37 Due to seasonal adjustment ... ... ... 11,091 -3,121 -13,418 5,449 11,504
38 Before seasonal adjustment -29,307 -95,028 -12,012 -15,919 30,957 19,803 -46,853 -24,582
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -4,911 -3,681 1,523 83 -170 -611 2,221 557
40 Foreign official assets in United States, excluding line 25 (increase, +) 30,368 113,853 249,137 49,423 65,261 50,704 83,749 125,417
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) -1,725 -8,132 ... ... ... ... ... ...

1. Seasonal factors are not calculated for lines 11-16, 18-20, 22-35, and 38-41.   Return to table

2. Associated primarily with military sales contracts and other transactions arranged with or through foreign official agencies.   Return to table

3. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and state and local governments.   Return to table

4. Reporting banks included all types of depository institutions as well as some brokers and dealers.   Return to table

5. Consists of capital transfers (such as those of accompanying migrants entering or leaving the country and debt forgiveness) and the acquisition and disposal of nonproduced nonfinancial assets.   Return to table

Source. U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business.

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Last update: May 12, 2005