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Statistical Supplement | November 2004

Statistical Supplement to the Federal Reserve Bulletin, November 2004

3.10  U.S. International Transactions, Summary
Millions of dollars; quarterly data seasonally adjusted except as noted1
Item credits or debits 2001 2002 2003 2003 2004
Q2 Q3 Q4 Q1 Q2p
1 Balance on current account -385,701 -473,944 -530,668 -133,875 -131,628 -126,960 -147,164 -166,177
2 Balance on goods and services -362,692 -421,735 -496,508 -123,380 -122,250 -125,494 -138,602 -150,286
3 Exports 1,006,653 975,940 1,020,503 248,474 255,723 268,306 276,076 284,294
4 Imports -1,369,345 -1,397,675 -1,517,011 -371,854 -377,973 -393,800 -414,678 -434,580
5 Income, net 23,572 7,173 33,279 5,874 7,261 16,151 12,164 2,643
6 Investment, net 28,727 12,615 38,781 7,264 8,614 17,526 13,564 4,176
7 Direct 115,882 100,831 118,865 26,342 28,640 38,554 34,766 29,060
8 Portfolio -87,155 -88,216 -80,084 -19,078 -20,026 -21,028 -21,202 -24,884
9 Compensation of employees -5,155 -5,442 -5,502 -1,390 -1,353 -1,375 -1,400 -1,533
10 Unilateral current transfers, net -46,581 -59,382 -67,439 -16,369 -16,639 -17,617 -20,726 -18,534
 
11 Change in U.S. government assets other than official reserve assets, net (increase, -) -486 345 537 310 483 -309 727 -41
 
12 Change in U.S. official reserve assets (increase, -) -4,911 -3,681 1,523 -170 -611 2,221 557 1,122
13 Gold 0 0 0 0 0 0 0 0
14 Special drawing rights (SDRs) -630 -475 601 -102 -97 -97 -100 -90
15 Reserve position in International Monetary Fund -3,600 -2,632 1,494 86 -383 2,435 815 1,345
16 Foreign currencies -681 -574 -572 -154 -131 -117 -158 -133
 
17 Change in U.S. private assets abroad (increase, -) -361,371 -194,678 -285,474 -111,102 -8,010 -63,559 -308,013 -119,536
18 Bank-reported claims2 -125,858 -30,307 -10,406 -63,002 29,663 47,071 -187,120 -30,880
19 Nonbank-reported claims -8,520 -45,425 -28,932 -22,480 35,845 -31,090 -56,761 2,403
20 U.S. purchase of foreign securities, net -84,644 15,889 -72,337 8,429 -28,312 -25,835 -16,524 -30,316
21 U.S. direct investments abroad, net -142,349 -134,835 -173,799 -34,049 -45,206 -53,705 -47,608 -60,743
 
22 Change in foreign official assets in United States (increase, +) 28,059 113,990 248,573 65,245 50,663 83,679 127,864 73,877
23 U.S. Treasury securities 33,700 60,466 169,685 42,668 23,953 72,787 101,692 63,027
24 Other U.S. government obligations 20,920 28,550 24,883 3,290 3,340 8,685 13,016 2,767
25 Other U.S. government liabilities2 -2,309 137 -564 -16 -41 -70 -140 -158
26 Other U.S. liabilities reported by U.S. banks2 -29,978 21,221 49,420 18,552 22,019 524 11,854 6,237
27 Other foreign official assets3 5,726 3,616 5,149 751 1,392 1,753 1,442 2,004
 
28 Change in foreign private assets in United States (increase, +) 754,800 654,256 580,600 153,308 83,539 146,632 317,484 191,369
29 U.S. bank-reported liabilities4 118,379 96,410 75,643 8,990 6,280 35,811 140,834 30,927
30 U.S. nonbank-reported liabilities 66,110 77,990 84,014 -2,257 12,721 4,140 40,723 -5,191
31 Foreign private purchases of U.S. Treasury securities, net -14,378 100,432 113,432 53,254 46,490 4,714 65,438 35,560
32 U.S. currency flows 23,783 21,513 16,640 1,458 2,768 7,487 -1,800 8,754
33 Foreign purchases of other U.S. securities, net 393,885 285,500 250,981 92,407 18,090 83,761 62,064 88,617
34 Foreign direct investments in United States, net 167,021 72,411 39,890 -544 -2,810 10,719 10,225 32,702
 
35 Capital account transactions, net5 -1,083 -1,260 -3,079 -1,552 -821 -300 -396 -321
36 Discrepancy -29,307 -95,028 -12,012 27,836 6,385 -41,404 8,941 19,707
37 Due to seasonal adjustment ... ... ... -3,121 -13,418 5,449 11,839 -5,301
38 Before seasonal adjustment -29,307 -95,028 -12,012 30,957 19,803 -46,853 -2,898 25,008
 
  Memo  
  Changes in official assets  
39 U.S. official reserve assets (increase, -) -4,911 -3,681 1,523 -170 -611 2,221 557 1,122
40 Foreign official assets in United States, excluding line 25 (increase, +) 30,368 113,853 249,137 65,261 50,704 83,749 128,004 74,035
 
41 Change in Organization of Petroleum Exporting Countries official assets in United States (part of line 22) -1,725 -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: April 20, 2005