The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2023. The sum total in January of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $183.1 billion. Of this, net foreign private inflows were $171.2 billion, and net foreign official inflows were $11.9 billion.

Foreign residents increased their holdings of long-term U.S. securities in January; net purchases were $31.7 billion. Net purchases by private foreign investors were $85.0 billion, while net sales by foreign official institutions were $53.3 billion. U.S. residents decreased their holdings of long-term foreign securities, with net sales of $0.1 billion.

Taking into account transactions in both foreign and U.S. securities, net foreign purchases of long-term securities were $31.9 billion. After including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, overall net foreign purchases of long-term securities are estimated to have been $22.3 billion in January.

Foreign residents decreased their holdings of U.S. Treasury bills by $9.7 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $4.5 billion. Banks’ own net dollar-denominated liabilities to foreign residents increased by $165.2 billion.