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Statistical Supplement | December 2005

Statistical Supplement to the Federal Reserve Bulletin, December 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
Q3 Q4 Q1 Q2r Q3
1 Balance on current account -475,211 -519,679 -668,074 -166,982 -188,359 -198,668 -197,781 -195,821
2 Balance on goods and services -421,181 -494,814 -617,583 -157,465 -169,221 -173,052 -173,599 -182,795
3 Exports 977,276 1,022,567 1,151,448 290,370 298,887 306,444 317,267 320,764
4 Imports -1,398,457 -1,517,381 -1,769,031 -447,835 -468,108 -479,496 -490,866 -503,559
5 Income, net 10,016 46,304 30,439 6,254 3,236 643 -1,541 512
6 Investment, net 15,453 51,834 36,234 7,694 4,691 2,067 -102 2,037
7 Direct 99,770 121,842 127,921 30,343 33,413 28,377 28,490 34,709
8 Portfolio -84,317 -70,008 -91,687 -22,649 -28,722 -26,310 -28,592 -32,672
9 Compensation of employees -5,437 -5,530 -5,795 -1,440 -1,455 -1,424 -1,439 -1,525
10 Unilateral current transfers, net -64,046 -71,169 -80,930 -15,771 -22,374 -26,259 -22,641 -13,538
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) 345 537 1,215 -11 501 4,487 971 562
 
12 Change in U.S. official reserve assets (increase, -) -3,681 1,523 2,805 429 697 5,331 -797 4,766
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -475 601 -398 -98 -110 1,713 -97 2,976
15 Reserve position in International Monetary Fund -2,632 1,494 3,826 676 990 3,763 -564 1,951
16 Foreign currencies -574 -572 -623 -149 -183 -145 -136 -161
 
17 Change in U.S. private assets abroad (increase, -) -290,691 -330,457 -859,529 -137,943 -290,155 -91,328 -225,376 -129,348
18 Bank-reported claims2 -38,260 -9,574 -356,133 -44,787 -97,263 49,278 -170,985 -107,867
19 Nonbank-reported claims -49,403 -24,240 -149,001 -13,490 -74,669 -74,934 8,978 -14,599
20 U.S. purchase of foreign securities, net -48,568 -156,064 -102,383 -38,444 -18,226 -38,675 -41,979 -33,954
21 U.S. direct investments abroad, net -154,460 -140,579 -252,012 -41,222 -99,997 -26,997 -21,390 27,072
 
22 Change in foreign official assets in United States (increase, +) 115,945 278,275 394,710 75,792 94,478 25,277 82,646 38,394
23 U.S. Treasury securities 60,466 184,931 272,648 55,357 41,728 14,306 22,448 9,651
24 Other U.S. government obligations 30,505 39,943 38,485 11,542 15,040 24,938 21,620 20,471
25 Other U.S. government liabilities2 137 -517 488 710 -158 -650 297 709
26 Other U.S. liabilities reported by U.S. banks2 21,221 48,643 70,329 4,867 32,054 -15,843 34,190 826
27 Other foreign official assets3 3,616 5,275 12,760 3,316 5,814 2,526 4,091 6,737
 
28 Change in foreign private assets in United States (increase, +) 678,398 610,768 1,045,395 178,436 363,437 218,174 293,170 358,525
29 U.S. bank-reported liabilities4 96,410 96,675 322,627 42,164 91,458 -67,735 149,069 88,696
30 U.S. nonbank-reported liabilities 95,932 99,676 124,358 14,752 61,096 93,897 1,153 24,845
31 Foreign private purchases of U.S. Treasury securities, net 100,403 104,380 106,958 -1,107 15,710 75,911 9,923 40,863
32 U.S. currency flows 21,513 16,640 14,827 2,560 5,313 1,072 4,507 4,679
33 Foreign purchases of other U.S. securities, net 283,299 226,306 369,793 84,401 158,238 79,973 114,064 160,669
34 Foreign direct investments in United States, net 80,841 67,091 106,832 35,666 31,622 35,056 14,454 38,773
 
35 Capital account transactions, net5 -1,363 -3,214 -1,648 -393 -455 -4,466 -315 -311
36 Discrepancy -23,742 -37,753 85,126 50,672 19,856 41,193 47,482 -76,767
37 Due to seasonal adjustment ... ... ... -12,977 5,718 15,238 -7,710 -16,265
38 Before seasonal adjustment -23,742 -37,753 85,126 63,649 14,138 25,955 55,192 -60,502
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -3,681 1,523 2,805 429 697 5,331 -797 4,766
40 Foreign official assets in United States, excluding line 25 (increase, +) 115,808 278,792 394,222 75,082 94,636 25,927 82,349 37,685
 
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: January 5, 2006