Initial 2017:Q4 level is estimated by the FOF section as a fraction of the capital transfer paid by financial corporate business sector to the federal government for the one-time repatriation tax incurred by the Tax Cut and Jobs Act of 2017 on domestic financial sector foreign earnings accumulated after 1986 ( FOF series FU795410003). The fraction is calculated as the levels of USDIA of U.S.-chartered depository institutions ( FOF series FL763092000) divided by total domestic financial sector USDIA ( FOF series FL793092005). Subsequent quarter transactions are estimated by the FOF section according to the eight-year installment schedule established by the federal government. Data show no significant seasonality.
Last edited on: 09/22/2022