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Statistical Supplement | January 2004

Statistical Supplement to the Federal Reserve Bulletin, January 2004

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2000 2001 2002 2002 2003
Q2 Q3 Q4 Q1 Q2p
1 Balance on current account -411,458 -393,745 -480,861 -122,827 -122,724 -128,586 -138,707 -138,671
2 Balance on goods and services -375,384 -357,819 -418,038 -104,888 -106,980 -116,116 -121,629 -123,408
3 Exports 1,070,054 1,007,580 974,107 243,696 247,815 246,151 247,377 247,991
4 Imports -1,445,438 -1,365,399 -1,392,145 -348,584 -354,795 -362,267 -369,006 -371,399
5 Income, net 19,605 10,689 -3,970 -4,458 -1,747 2,966 191 1,679
6 Investment, net 24,191 15,701 1,271 -3,106 -481 4,306 1,567 2,984
7 Direct 94,929 106,485 93,475 21,410 21,914 26,225 22,077 22,823
8 Portfolio -70,738 -90,784 -92,204 -24,516 -22,395 -21,919 -20,510 -19,839
9 Compensation of employees -4,586 -5,012 -5,241 -1,352 -1,266 -1,340 -1,376 -1,305
10 Unilateral current transfers, net -55,679 -46,615 -58,853 -13,481 -13,997 -15,436 -17,269 -16,942
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) -941 -486 -32 42 -27 -180 -70 -323
 
12 Change in U.S. official reserve assets (increase, -) -290 -4,911 -3,681 -1,843 -1,416 -812 83 -170
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -722 -630 -475 -107 -132 -127 897 -102
15 Reserve position in International Monetary Fund 2,308 -3,600 -2,632 -1,607 -1,136 -541 -644 86
16 Foreign currencies -1,876 -681 -574 -129 -148 -144 -170 -154
 
17 Change in U.S. private assets abroad (increase, -) -568,567 -344,542 -175,272 -126,766 31,155 -43,910 -101,344 -106,172
18 Bank-reported claims2 -148,657 -134,945 -21,357 -69,254 52,999 -4,954 -27,795 -60,603
19 Nonbank-reported claims -138,790 -4,997 -31,880 -16,210 -11,862 -1,922 -11,998 -22,789
20 U.S. purchase of foreign securities, net -121,908 -84,637 15,801 -5,843 21,641 -5,364 -27,146 9,240
21 U.S. direct investments abroad, net -159,212 -119,963 -137,836 -35,459 -31,623 -31,670 -34,405 -32,020
 
22 Change in foreign official assets in United States (increase, +) 37,724 5,104 94,860 47,552 8,992 32,210 40,978 57,580
23 U.S. Treasury securities -10,233 10,745 43,144 15,138 1,415 27,630 22,288 33,232
24 Other U.S. government obligations 40,909 20,920 30,377 6,568 10,885 5,628 9,480 3,290
25 Other U.S. government liabilities2 -1,825 -2,309 137 365 464 -95 -437 -32
26 Other U.S. liabilities reported by U.S. banks2 5,746 -29,978 17,594 24,575 -4,607 -2,094 8,321 20,385
27 Other foreign official assets3 3,127 5,726 3,608 906 835 1,141 1,326 705
 
28 Change in foreign private assets in United States (increase, +) 988,415 760,427 612,123 173,690 132,486 165,238 201,026 197,693
29 U.S. bank-reported liabilities4 116,971 118,379 91,126 23,948 20,448 54,176 16,723 33,245
30 U.S. nonbank-reported liabilities 170,672 67,489 72,142 24,610 -8,102 8,863 74,848 3,189
31 Foreign private purchases of U.S. Treasury securities, net -76,949 -7,438 96,217 14,218 57,505 12,705 14,568 61,139
32 U.S. currency flows 1,129 23,783 21,513 7,183 2,556 7,249 4,927 1,458
33 Foreign purchases of other U.S. securities, net 455,318 406,633 291,492 104,187 45,880 66,964 55,574 86,525
34 Foreign direct investments in United States, net 321,274 151,581 39,633 -456 14,199 15,281 34,386 12,137
 
35 Capital account transactions, net5 -799 -1,062 -1,285 -286 -364 -358 -388 -325
36 Discrepancy -44,084 -20,785 -45,852 30,438 -48,102 -23,602 -1,578 -9,612
37 Due to seasonal adjustment ... ... ... 2,091 -12,409 1,744 9,479 702
38 Before seasonal adjustment -44,084 -20,785 -45,852 28,347 -35,693 -25,346 -11,057 -10,314
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -290 -4,911 -3,681 -1,843 -1,416 -812 83 -170
40 Foreign official assets in United States, excluding line 25 (increase, +) 39,549 7,413 94,723 47,187 8,528 32,305 41,415 57,612
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) 12,000 -1,725 -8,132 838 -1,289 851 ... ...

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 25, 2005