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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

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Data for figures presented with speech given by Governor Kroszner on September 1, 2008.

 

Figure 1
U.S. Cross-Border Claims and Liabilities (Percent of 2007 U.S. Gross Domestic Product)

  2002 2003 2004 2005 2006 2007
Net -19% -19% -19% -15% -17% -18%
U.S. Claims 64% 70% 80% 96% 109% 128%
U.S. Liabilities -83% -89% -99% -112% -126% -145%

Note: Direct investment is on a current-cost basis.

Source: Bureau of Economic Analysis.


Figure 2
Asset Composition of U.S. Cross-Border Claims and Liabilities (Year-End 2007)

  Claims Liabilities
Debt Instruments 45% 71%
Equity Securities 34% 16%
Direct Investment 22% 14%

Note: Direct investment is on a current-cost basis. Excludes financial derivatives.

Source: Bureau of Economic Analysis.


Figure 3
Returns on U.S. Cross-Border Claims and Liabilities, by Type of Asset (1990-2007 Average)

  Direct Investment Claims Direct Investment Liabilities Equity Securities Claims Equity Securities Liabilities Debt Instruments Claims Debt Instruments Liabilities Total Claims Total Liabiilties
Income 10.2% 3.8% 2.2% 2.1% 4.8% 5.1% 5.7% 4.4%
Capital Gains 1.3% 1.0% 8.2% 9.7% 0.5% 0.3% 2.5% 1.6%

Note: Direct investment is on a current-cost basis. Excludes financial derivatives.

Source: Federal Reserve Board, staff calculations.


Figure 4
U.S. Net Income, Net Investment Position, and Net Investment Position Plus Cumulated Current Account

Billions of U.S. dollars

  2001 2002 2003 2004 2005 2006 2007
Net investment position -1869 -2038 -2087 -2245 -1925 -2226 -2442
Net investment position at year-end 2001 plus cumulated current account1 -1869 -2330 -2854 -3479 -4208 -4996 -5727
Net income 32 27 45 67 72 57 82

1Cumulated current account as of a given date is the sum of current account balances from 2002 to the given date. Return to table

Note: Direct investment is on a current-cost basis.

Source: Bureau of Economic Analysis.

Last update: August 2, 2013