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Statistical Supplement | July 2005

Statistical Supplement to the Federal Reserve Bulletin, July 2005

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2002 2003 2004 2004 2005
Q1 Q2 Q3 Q4 Q1
1 Balance on current account -475,211 -519,679 -668,074 -146,101 -166,635 -166,982 -188,359 -195,052
2 Balance on goods and services -421,181 -494,814 -617,583 -138,852 -152,042 -157,465 -169,221 -171,757
3 Exports 977,276 1,022,567 1,151,448 277,093 285,099 290,370 298,887 307,689
4 Imports -1,398,457 -1,517,381 -1,769,031 -415,945 -437,141 -447,835 -468,108 -479,446
5 Income, net 10,016 46,304 30,439 15,022 5,922 6,254 3,236 3,777
6 Investment, net 15,453 51,834 36,234 16,438 7,407 7,694 4,691 5,182
7 Direct 99,770 121,842 127,921 35,082 29,080 30,343 33,413 31,288
8 Portfolio -84,317 -70,008 -91,687 -18,644 -21,673 -22,649 -28,722 -26,106
9 Compensation of employees -5,437 -5,530 -5,795 -1,416 -1,485 -1,440 -1,455 -1,405
10 Unilateral current transfers, net -64,046 -71,169 -80,930 -22,271 -20,515 -15,771 -22,374 -27,072
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) 345 537 1,215 727 -2 -11 501 4,543
 
12 Change in U.S. official reserve assets (increase, -) -3,681 1,523 2,805 557 1,122 429 697 5,331
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -475 601 -398 -100 -90 -98 -110 1,713
15 Reserve position in International Monetary Fund -2,632 1,494 3,826 815 1,345 676 990 3,763
16 Foreign currencies -574 -572 -623 -158 -133 -149 -183 -145
 
17 Change in U.S. private assets abroad (increase, -) -290,691 -330,457 -859,529 -296,424 -135,006 -137,943 -290,155 -70,560
18 Bank-reported claims2 -38,260 -9,574 -356,133 -173,073 -41,010 -44,787 -97,263 62,253
19 Nonbank-reported claims -49,403 -24,240 -149,001 -55,452 -5,390 -13,490 -74,669 -65,757
20 U.S. purchase of foreign securities, net -48,568 -156,064 -102,383 -15,532 -30,181 -38,444 -18,226 -34,808
21 U.S. direct investments abroad, net -154,460 -140,579 -252,012 -52,367 -58,425 -41,222 -99,997 -32,248
 
22 Change in foreign official assets in United States (increase, +) 115,945 278,275 394,710 147,401 77,039 75,792 94,478 24,730
23 U.S. Treasury securities 60,466 184,931 272,648 112,586 62,977 55,357 41,728 15,240
24 Other U.S. government obligations 30,505 39,943 38,485 11,424 479 11,542 15,040 24,927
25 Other U.S. government liabilities2 137 -517 488 -109 45 710 -158 -675
26 Other U.S. liabilities reported by U.S. banks2 21,221 48,643 70,329 22,058 11,350 4,867 32,054 -17,281
27 Other foreign official assets3 3,616 5,275 12,760 1,442 2,188 3,316 5,814 2,519
 
28 Change in foreign private assets in United States (increase, +) 678,398 610,768 1,045,395 275,622 227,898 178,436 363,437 201,348
29 U.S. bank-reported liabilities4 96,410 96,675 322,627 146,889 42,116 42,164 91,458 -78,253
30 U.S. nonbank-reported liabilities 95,932 99,676 124,358 44,623 3,887 14,752 61,096 85,969
31 Foreign private purchases of U.S. Treasury securities, net 100,403 104,380 106,958 31,931 60,424 -1,107 15,710 75,546
32 U.S. currency flows 21,513 16,640 14,827 -1,800 8,754 2,560 5,313 1,072
33 Foreign purchases of other U.S. securities, net 283,299 226,306 369,793 45,476 81,678 84,401 158,238 88,207
34 Foreign direct investments in United States, net 80,841 67,091 106,832 8,503 31,039 35,666 31,622 28,807
 
35 Capital account transactions, net5 -1,363 -3,214 -1,648 -428 -372 -393 -455 -4,456
36 Discrepancy -23,742 -37,753 85,126 18,646 -4,044 50,672 19,856 34,116
37 Due to seasonal adjustment ... ... ... 11,010 -3,747 -12,977 5,718 13,930
38 Before seasonal adjustment -23,742 -37,753 85,126 7,636 -297 63,649 14,138 20,186
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -3,681 1,523 2,805 557 1,122 429 697 5,331
40 Foreign official assets in United States, excluding line 25 (increase, +) 115,808 278,792 394,222 147,510 76,994 75,082 94,636 25,405
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) -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: August 17, 2005