Research >> Economics
Treasury International Capital Data for May 2011
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The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2011. Foreign residents increased their holdings of long-term U.S. securities in May — net purchases were $44.6 billion. Net purchases by private foreign investors were $21.4 billion, and net purchases by foreign official institutions were $23.2 billion. At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of $21.0 billion.
Taking into account foreign and U.S. net purchases, the net foreign purchases of long-term securities were $23.6 billion. If adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. securities are included, the overall net foreign acquisition of long-term securities is estimated to have been $8.0 billion in May.
Foreigners decreased their holdings of U.S. Treasury bills by $13.1 billion. Foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased $24.3 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $51.1 billion, as banks resident in the United States on net increased their lending to affiliated offices abroad.
In sum, the net foreign acquisitions of long-term securities, the change in foreign holdings of short-term U.S. securities, and banking flows yielded monthly net TIC outflows of $67.5 billion. Of this, net foreign private outflows were $79.9 billion, and net foreign official inflows were $12.4 billion.
Posted: July 18, 2011 Monday 09:00 AM