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Statistical Supplement | April 2005

Statistical Supplement to the Federal Reserve Bulletin, April 2005

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2002 2003 2004 2003 2004
Q4 Q1 Q2 Q3 Q4
1 Balance on current account -473,944 -530,668 -665,940 -126,960 -147,478 -164,708 -165,858 -187,898
2 Balance on goods and services -421,735 -496,508 -617,075 -125,494 -138,839 -151,322 -155,864 -171,051
3 Exports 975,940 1,020,503 1,147,181 268,306 276,620 284,587 290,089 295,885
4 Imports -1,397,675 -1,517,011 -1,764,256 -393,800 -415,459 -435,909 -445,953 -466,936
5 Income, net 7,173 33,279 24,063 16,151 12,081 4,946 4,903 2,136
6 Investment, net 12,615 38,781 29,822 17,526 13,473 6,477 6,326 3,549
7 Direct 100,831 118,865 132,312 38,554 34,673 31,163 31,368 35,112
8 Portfolio -88,216 -80,084 -102,490 -21,028 -21,200 -24,686 -25,042 -31,563
9 Compensation of employees -5,442 -5,502 -5,759 -1,375 -1,392 -1,531 -1,423 -1,413
10 Unilateral current transfers, net -59,382 -67,439 -72,928 -17,617 -20,720 -18,332 -14,897 -18,983
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) 345 537 1,269 -309 727 -2 -10 554
 
12 Change in U.S. official reserve assets (increase, -) -3,681 1,523 2,805 2,221 557 1,122 429 697
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -475 601 -398 -97 -100 -90 -98 -110
15 Reserve position in International Monetary Fund -2,632 1,494 3,826 2,435 815 1,345 676 990
16 Foreign currencies -574 -572 -623 -117 -158 -133 -149 -183
 
17 Change in U.S. private assets abroad (increase, -) -194,678 -285,474 -821,750 -63,559 -308,454 -107,592 -128,000 -277,704
18 Bank-reported claims2 -30,307 -10,406 -353,813 47,071 -187,120 -36,951 -55,010 -74,732
19 Nonbank-reported claims -45,425 -28,932 -128,589 -31,090 -56,761 12,122 -9,447 -74,503
20 U.S. purchase of foreign securities, net 15,889 -72,337 -90,840 -25,835 -16,524 -26,844 -20,290 -27,182
21 U.S. direct investments abroad, net -134,835 -173,799 -248,508 -53,705 -48,049 -55,919 -43,253 -101,287
 
22 Change in foreign official assets in United States (increase, +) 113,990 248,573 355,252 83,679 127,864 73,349 72,004 82,035
23 U.S. Treasury securities 60,466 169,685 261,540 72,787 101,692 62,979 54,693 42,176
24 Other U.S. government obligations 28,550 24,883 25,955 8,685 13,016 2,261 7,140 3,538
25 Other U.S. government liabilities2 137 -564 -314 -70 -140 -89 501 -586
26 Other U.S. liabilities reported by U.S. banks2 21,221 49,420 55,442 524 11,854 6,189 6,354 31,045
27 Other foreign official assets3 3,616 5,149 12,629 1,753 1,442 2,009 3,316 5,862
 
28 Change in foreign private assets in United States (increase, +) 654,256 580,600 1,077,919 146,632 317,744 197,682 184,279 378,211
29 U.S. bank-reported liabilities4 96,410 75,643 338,227 35,811 140,834 41,150 38,654 117,589
30 U.S. nonbank-reported liabilities 77,990 84,014 87,113 4,140 40,723 -3,603 13,275 36,718
31 Foreign private purchases of U.S. Treasury securities, net 100,432 113,432 108,138 4,714 65,438 29,684 908 12,108
32 U.S. currency flows 21,513 16,640 14,827 7,487 -1,800 8,754 2,560 5,313
33 Foreign purchases of other U.S. securities, net 285,500 250,981 414,084 83,761 62,064 88,843 93,021 170,156
34 Foreign direct investments in United States, net 72,411 39,890 115,530 10,719 10,485 32,854 35,861 36,327
 
35 Capital account transactions, net5 -1,260 -3,079 -1,477 -300 -396 -324 -374 -383
36 Discrepancy -95,028 -12,012 51,922 -41,404 9,436 473 37,530 4,488
37 Due to seasonal adjustment ... ... ... 5,449 12,334 -4,865 -13,938 6,474
38 Before seasonal adjustment -95,028 -12,012 51,922 -46,853 -2,898 5,338 51,468 -1,986
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -3,681 1,523 2,805 2,221 557 1,122 429 697
40 Foreign official assets in United States, excluding line 25 (increase, +) 113,853 249,137 355,566 83,749 128,004 73,438 71,503 82,621
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) -8,132 ... ... ... ... ... ... ...

1. Seasonal factors are not calculated for lines 11-16, 18-20, 22-35, and 38-41.   Return to table

2. Associated primarily with military sales contracts and other transactions arranged with or through foreign official agencies.   Return to table

3. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and state and local governments.   Return to table

4. Reporting banks included all types of depository institutions as well as some brokers and dealers.   Return to table

5. Consists of capital transfers (such as those of accompanying migrants entering or leaving the country and debt forgiveness) and the acquisition and disposal of nonproduced nonfinancial assets.   Return to table

Source. U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business.

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Last update: May 2, 2005