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Statistical Supplement | March 2008

Statistical Supplement to the Federal Reserve Bulletin, March 2008

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2005 2006 2007 2006 2007
Q4 Q1 Q2 Q3r Q4
1 Balance on current account -754,848 -811,477 -738,638 -187,938 -198,201r -190,058r -177,444 -172,936
2 Balance on goods and services -714,371 -758,522 -708,515 -176,926 -178,620r -179,472r -172,570 -177,853
3 Exports 1,283,070 1,445,703 1,628,358 377,623 380,995r 395,362r 419,701 432,298
4 Imports -1,997,441 -2,204,225 -2,336,873 -554,549 -559,615r -574,834r -592,271 -610,152
5 Income, net 48,058 36,640 74,316 9,661 7,428r 12,583r 21,337 32,970
6 Investment, net 54,459 43,172 81,065 11,328 9,017r 14,269r 23,037 34,742
7 Direct 152,512 174,214 223,602 47,074 47,721r 50,309r 56,082 69,490
8 Portfolio -98,053 -131,042 -142,537 -35,746 -38,704r -36,040r -33,045 -34,748
9 Compensation of employees -6,400 -6,532 -6,749 -1,668 -1,589r -1,686r -1,700 -1,773
10 Unilateral current transfers, net -88,535 -89,595 -104,438 -20,673 -27,009r -23,169r -26,211 -28,052
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) 5,539 5,346 -22,931 962 445 -369 623 -23,630
 
12 Change in U.S. official reserve assets (increase, -) 14,096 2,374 -122 1,415 -72 26 -54 -22
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) 4,511 -223 -154 -51 -43 -39 -37 -35
15 Reserve position in International Monetary Fund 10,200 3,331 1,021 1,678 212 294 230 285
16 Foreign currencies -615 -734 -989 -212 -241 -229 -247 -272
 
17 Change in U.S. private assets abroad (increase, -) -446,510 -1,062,896 -1,183,278 -291,405 -450,306r -465,565r -174,596 -92,812
18 Bank-reported claims2 -217,471 -454,585 -589,831 -123,899 -233,384 -210,964 -102,522 -42,961
19 Nonbank-reported claims -39,603 -83,531 15,819 15,818 -47,830 -93,976 86,817 70,808
20 U.S. purchase of foreign securities, net -197,098 -289,422 -273,851 -117,230 -87,206 -82,203 -100,220 -4,222
21 U.S. direct investments abroad, net 7,662 -235,358 -335,415 -66,094 -81,886r -78,422r -58,671 -116,437
 
22 Change in foreign official assets in United States (increase, +) 259,268 440,264 412,698 85,347 152,193 70,464 38,857 151,184
23 U.S. Treasury securities 112,841 189,181 49,900 47,049 37,705 -13,125 -11,768 37,088
24 Other U.S. government obligations 100,493 191,553 181,952 47,749 73,067 56,400 29,354 23,131
25 Other U.S. government liabilities2 -421 3,133 5,673 1,129 654 -77 995 4,101
26 Other U.S. liabilities reported by U.S. banks2 26,260 22,040 108,456 -15,666 29,797 15,981 9,805 52,873
27 Other foreign official assets3 20,095 34,357 66,717 5,086 10,970 11,285 10,471 33,991
 
28 Change in foreign private assets in United States (increase, +) 944,963 1,419,333 1,450,999 430,682 465,531r 552,387r 237,698 195,383
29 U.S. bank-reported liabilities4 202,508 434,393 510,884 172,283 203,603 143,963 68,397 94,921
30 U.S. nonbank-reported liabilities 31,804 235,769 166,579 49,612 93,624 110,172 56,094 -93,311
31 Foreign private purchases of U.S. Treasury securities, net 132,300 -35,931 166,301 22,090 44,638 1,813 50,252 69,598
32 U.S. currency flows 18,969 12,571 10,937 8,382 -1,631 3,347 4,741 4,480
33 Foreign purchases of other U.S. securities, net 450,386 591,951 391,884 132,745 112,269 242,963 -43,128 79,780
34 Foreign direct investments in United States, net 108,996 180,580 204,414 45,570 13,028r 50,129r 101,342 39,915
 
35 Capital account transactions, net5 -4,054 -3,913 -2,317 -637 -559 -598 -609 -552
36 Discrepancy -18,454 -17,794 83,590 -36,643 16,170r 34,719r 66,972 -56,615
37 Due to seasonal adjustment ... ... ... 6,267 11,796r 784r -17,759 5,180
38 Before seasonal adjustment -18,455 -17,793 61,244 -42,910 4,373 33,935 84,731 -61,795
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) 14,096 2,374 -122 1,415 -72 26 -54 -22
40 Foreign official assets in United States, excluding line 25 (increase, +) 259,689 437,131 407,025 84,218 151,539 70,541 37,862 147,083
 
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 11, 2008