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Statistical Supplement | February 2004

Statistical Supplement to the Federal Reserve Bulletin, February 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
Q3 Q4 Q1 Q2r Q3p
1 Balance on current account -411,458 -393,745 -480,861 -122,724 -128,586 -138,707 -139,394 -135,041
2 Balance on goods and services -375,384 -357,819 -418,038 -106,980 -116,116 -121,629 -124,184 -121,317
3 Exports 1,070,054 1,007,580 974,107 247,815 246,151 247,377 247,484 254,670
4 Imports -1,445,438 -1,365,399 -1,392,145 -354,795 -362,267 -369,006 -371,668 -375,987
5 Income, net 19,605 10,689 -3,970 -1,747 2,966 191 1,730 2,595
6 Investment, net 24,191 15,701 1,271 -481 4,306 1,567 3,035 3,819
7 Direct 94,929 106,485 93,475 21,914 26,225 22,077 22,209 23,981
8 Portfolio -70,738 -90,784 -92,204 -22,395 -21,919 -20,510 -19,174 -20,162
9 Compensation of employees -4,586 -5,012 -5,241 -1,266 -1,340 -1,376 -1,305 -1,224
10 Unilateral current transfers, net -55,679 -46,615 -58,853 -13,997 -15,436 -17,269 -16,940 -16,319
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) -941 -486 -32 -27 -180 -70 427 530
 
12 Change in U.S. official reserve assets (increase, -) -290 -4,911 -3,681 -1,416 -812 83 -170 -611
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -722 -630 -475 -132 -127 897 -102 -97
15 Reserve position in International Monetary Fund 2,308 -3,600 -2,632 -1,136 -541 -644 86 -383
16 Foreign currencies -1,876 -681 -574 -148 -144 -170 -154 -131
 
17 Change in U.S. private assets abroad (increase, -) -568,567 -344,542 -175,272 31,155 -43,910 -101,344 -113,075 -4,810
18 Bank-reported claims2 -148,657 -134,945 -21,357 52,999 -4,954 -27,795 -72,765 39,335
19 Nonbank-reported claims -138,790 -4,997 -31,880 -11,862 -1,922 -11,998 -19,101 22,206
20 U.S. purchase of foreign securities, net -121,908 -84,637 15,801 21,641 -5,364 -27,146 8,654 -28,826
21 U.S. direct investments abroad, net -159,212 -119,963 -137,836 -31,623 -31,670 -34,405 -29,863 -37,525
 
22 Change in foreign official assets in United States (increase, +) 37,724 5,104 94,860 8,992 32,210 40,978 57,000 43,895
23 U.S. Treasury securities -10,233 10,745 43,144 1,415 27,630 22,288 35,349 16,271
24 Other U.S. government obligations 40,909 20,920 30,377 10,885 5,628 9,480 3,290 3,340
25 Other U.S. government liabilities2 -1,825 -2,309 137 464 -95 -437 -16 -41
26 Other U.S. liabilities reported by U.S. banks2 5,746 -29,978 17,594 -4,607 -2,094 8,321 17,628 22,879
27 Other foreign official assets3 3,127 5,726 3,608 835 1,141 1,326 749 1,446
 
28 Change in foreign private assets in United States (increase, +) 988,415 760,427 612,123 132,486 165,238 201,026 205,819 84,305
29 U.S. bank-reported liabilities4 116,971 118,379 91,126 20,448 54,176 16,723 36,822 7,132
30 U.S. nonbank-reported liabilities 170,672 67,489 72,142 -8,102 8,863 74,848 4,147 6,772
31 Foreign private purchases of U.S. Treasury securities, net -76,949 -7,438 96,217 57,505 12,705 14,568 55,037 49,868
32 U.S. currency flows 1,129 23,783 21,513 2,556 7,249 4,927 1,458 2,768
33 Foreign purchases of other U.S. securities, net 455,318 406,633 291,492 45,880 66,964 55,574 85,964 9,626
34 Foreign direct investments in United States, net 321,274 151,581 39,633 14,199 15,281 34,386 22,391 8,139
 
35 Capital account transactions, net5 -799 -1,062 -1,285 -364 -358 -388 -1,553 -795
36 Discrepancy -44,084 -20,785 -45,852 -48,102 -23,602 -1,578 -9,054 12,527
37 Due to seasonal adjustment ... ... ... -12,409 1,744 9,479 1,454 -12,200
38 Before seasonal adjustment -44,084 -20,785 -45,852 -35,693 -25,346 -11,057 -10,508 24,727
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -290 -4,911 -3,681 -1,416 -812 83 -170 -611
40 Foreign official assets in United States, excluding line 25 (increase, +) 39,549 7,413 94,723 8,528 32,305 41,415 57,016 43,936
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) 12,000 -1,725 -8,132 -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 19, 2005