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Statistical Supplement | March 2006

Statistical Supplement to the Federal Reserve Bulletin, March 2006

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2003 2004 2005 2004 2005
Q4 Q1 Q2 Q3r Q4
1 Balance on current account -519,679 -668,074 -804,945 -188,359 -197,743r -196,901r -185,429 -224,876
2 Balance on goods and services -494,814 -617,583 -723,616 -169,221 -172,125r -172,718r -181,400 -197,373
3 Exports 1,022,567 1,151,448 1,272,223 298,887 306,152r 316,938r 321,013 328,119
4 Imports -1,517,381 -1,769,031 -1,995,839 -468,108 -478,277r -489,656r -502,413 -525,492
5 Income, net 46,304 30,439 1,567 3,236 634r -1,550r 4,911 -2,434
6 Investment, net 51,834 36,234 7,406 4,691 2,044r -126r 6,427 -944
7 Direct 121,842 127,921 129,865 33,413 28,363r 28,475r 38,855 34,167
8 Portfolio -70,008 -91,687 -122,459 -28,722 -26,319r -28,601r -32,428 -35,111
9 Compensation of employees -5,530 -5,795 -5,839 -1,455 -1,410r -1,424r -1,516 -1,490
10 Unilateral current transfers, net -71,169 -80,930 -82,896 -22,374 -26,252r -22,633r -8,940 -25,069
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) 537 1,215 7,580 501 4,487 971 1,516 606
 
12 Change in U.S. official reserve assets (increase, -) 1,523 2,805 14,096 697 5,331 -797 4,766 4,796
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) 601 -398 4,511 -110 1,713 -97 2,976 -81
15 Reserve position in International Monetary Fund 1,494 3,826 10,200 990 3,763 -564 1,951 5,050
16 Foreign currencies -572 -623 -615 -183 -145 -136 -161 -173
 
17 Change in U.S. private assets abroad (increase, -) -330,457 -859,529 -513,405 -290,155 -91,621r -225,596r -147,711 -48,479
18 Bank-reported claims2 -9,574 -356,133 -218,158 -97,263 49,278 -170,985 -107,993 11,542
19 Nonbank-reported claims -24,240 -149,001 -118,522 -74,669 -74,934 8,978 -30,440 -22,126
20 U.S. purchase of foreign securities, net -156,064 -102,383 -155,244 -18,226 -38,675 -41,979 -34,589 -40,001
21 U.S. direct investments abroad, net -140,579 -252,012 -21,481 -99,997 -27,290r -21,610r 25,311 2,106
 
22 Change in foreign official assets in United States (increase, +) 278,275 394,710 220,676 94,478 25,277 82,646 38,176 74,577
23 U.S. Treasury securities 184,931 272,648 84,046 41,728 14,306 22,448 9,651 37,641
24 Other U.S. government obligations 39,943 38,485 93,133 15,040 24,938 21,620 20,471 26,104
25 Other U.S. government liabilities2 -517 488 -134 -158 -650 297 467 -248
26 Other U.S. liabilities reported by U.S. banks2 48,643 70,329 24,272 32,054 -15,843 34,190 850 5,075
27 Other foreign official assets3 5,275 12,760 19,359 5,814 2,526 4,091 6,737 6,005
 
28 Change in foreign private assets in United States (increase, +) 610,768 1,045,395 1,072,019 363,437 218,034r 293,439r 357,088 203,460
29 U.S. bank-reported liabilities4 96,675 322,627 175,742 91,458 -67,735 149,069 78,698 15,710
30 U.S. nonbank-reported liabilities 99,676 124,358 62,234 61,096 93,897 1,153 18,635 -51,451
31 Foreign private purchases of U.S. Treasury securities, net 104,380 106,958 196,794 15,710 75,911 9,923 40,834 70,126
32 U.S. currency flows 16,640 14,827 19,416 5,313 1,072 4,507 4,679 9,158
33 Foreign purchases of other U.S. securities, net 226,306 369,793 489,203 158,238 79,973 114,064 165,856 129,310
34 Foreign direct investments in United States, net 67,091 106,832 128,630 31,622 34,916r 14,723r 48,386 30,607
 
35 Capital account transactions, net5 -3,214 -1,648 -5,647 -455 -4,466 -315 -435 -431
36 Discrepancy -37,753 85,126 9,626 19,856 40,701r 46,553r -67,971 -9,653
37 Due to seasonal adjustment ... ... ... 5,718 14,746r -8,639r -16,767 10,664
38 Before seasonal adjustment -37,753 85,126 9,626 14,138 25,955 55,192 -51,204 -20,317
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) 1,523 2,805 14,096 697 5,331 -797 4,766 4,796
40 Foreign official assets in United States, excluding line 25 (increase, +) 278,792 394,222 220,810 94,636 25,927 82,349 37,709 74,825
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) ... ... ... ... ... ... ... ...

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: April 4, 2006