Research >> Economics
Treasury International Capital Data for December 2011
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The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2011. Foreign residents decreased their holdings of long-term U.S. securities in December — net sales were $21.0 billion.
Net sales by private foreign investors were $11.5 billion, and net sales by foreign official institutions were $9.5 billion. At the same time, U.S. residents decreased their holdings of long-term foreign securities, with net sales of $38.9 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were $17.9 billion. After including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, the overall net foreign acquisition of long-term securities is estimated to have been $1.6 billion in December.
Foreigners decreased their holdings of U.S. Treasury bills by $1.6 billion. Foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $18.3 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased by $103.8 billion.
In sum, the net foreign acquisition of long-term securities, the change in foreign holdings of short-term U.S. securities, and banking flows yielded monthly net TIC inflows of $87.1 billion. Of this, net foreign private inflows were $113.0 billion, and net foreign official outflows were $25.9 billion.
Posted: February 15, 2012 Wednesday 09:00 AM