Research >> Economics
Treasury International Capital Data for August 2011
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The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2011. Foreign residents increased their holdings of long-term U.S. securities in August — net purchases were $66.0 billion.
Net purchases by private foreign investors were $74.7 billion, and net purchases by foreign official institutions were negative $8.7 billion. At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of $8.1 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were $57.9 billion. After adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, are included, the overall net foreign acquisition of long-term securities is estimated to have been $47.0 billion in August.
Foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased $23.6 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased $19.0 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 $89.6 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $30.8 billion.
Posted: October 18, 2011 Tuesday 09:00 AM