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Table 3. Private Services Transactions [Millions of dollars] Line 2011 1 Exports of private services 586,839 2 Travel (table 1, line 6) 116,115 3 Passenger fares (table 1, line 7) 36,631 Other transportation (table 1, 4 line 8) 43,064 5 Freight 21,730 6 Port services 21,334 Royalties and license fees 7 (table 1, line 9) 120,836 By type: 1 8 Industrial processes 2 44 9 Other (3) 76,884 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 73,091 U.S. affiliates' receipts from 11 their foreign parent groups 3,988 U.S. receipts from unaffiliated 12 foreigners 43,757 Other private services (table 1, 13 line 10) 270,193 By type: 1 14 Education 22,726 15 Financial services 74,055 16 Insurance services 15,477 17 Telecommunications 12,650 Business, professional, and 18 technical services 134,416 19 Other services (4) 10,870 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 58,902 U.S. affiliates' receipts from 21 their foreign parent groups 29,521 U.S. receipts from unaffiliated 22 foreigners 181,770 23 Imports of private services 393,065 24 Travel (table 1, line 23) 78,651 Passenger fares (table 1, 25 line 24) 31,109 Other transportation (table 1, 26 line 25) 54,711 27 Freight 40,337 28 Port services 14,374 Royalties and license fees 29 (table 1, line 26) 36,620 By type: 1 30 Industrial processes 2 22,633 31 Other (3) 13,987 By affiliation: U.S. parents' payments to 32 their foreign affiliates 6,962 U.S. affiliates' payments to 33 their foreign parent groups 19,253 U.S. payments to unaffiliated 34 foreigners 10,405 Other private services (table 1, 35 line 27) 191,973 By type: 1 36 Education 5,888 37 Financial services 16,207 38 Insurance services 56,619 39 Telecommunications 7,690 Business, professional, and 40 technical services 104,773 41 Other services (4) 797 By affiliation: U.S. parents' payments to 42 their foreign affiliates 57,245 U.S. affiliates' payments to 43 their foreign parent groups 24,910 U.S. payments to unaffiliated 44 foreigners 109,818 Supplemental detail on insurance transactions: 45 Premiums received (5) 26,571 46 Actual losses paid 22,043 47 Premiums paid (5) 92,552 48 Actual losses recovered 60,443 Memoranda: 49 Balance on goods (table 1, line 72) -738,413 Balance on private services 50 (line 1 minus line 23) 194 Balance on goods and private 51 services (lines 49 and 50) -544,639 Not seasonally adjusted Line 2011 I II 1 Exports of private services 140,041 144,187 2 Travel (table 1, line 6) 23,656 30,033 3 Passenger fares (table 1, line 7) 7,870 8,778 Other transportation (table 1, 4 line 8) 10,308 10,821 5 Freight 5,062 5,517 6 Port services 5,246 5,304 Royalties and license fees 7 (table 1, line 9) 28,719 30,410 By type: 1 8 Industrial processes 2 10,977 10,730 9 Other (3) 17,742 19,680 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 17,127 18,725 U.S. affiliates' receipts from 11 their foreign parent groups 1,008 875 U.S. receipts from unaffiliated 12 foreigners 10,584 10,809 Other private services (table 1, 13 line 10) 69,487 64,145 By type: 1 14 Education 9,345 2,756 15 Financial services 18,490 18,877 16 Insurance services 3,795 3,771 17 Telecommunications 3,057 3,138 Business, professional, and 18 technical services 32,142 32,903 19 Other services (4) 2,658 3 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 14,117 14,634 U.S. affiliates' receipts from 21 their foreign parent groups 7,129 7,231 U.S. receipts from unaffiliated 22 foreigners 48,241 42,281 23 Imports of private services 89,942 100,367 24 Travel (table 1, line 23) 16,469 22,193 Passenger fares (table 1, 25 line 24) 7,204 8,241 Other transportation (table 1, 26 line 25) 13,110 13,634 27 Freight 9,676 10 28 Port services 3,434 3,545 Royalties and license fees 29 (table 1, line 26) 8,941 8,451 By type: 1 30 Industrial processes 2 5,211 5,166 31 Other (3) 3,729 3,285 By affiliation: U.S. parents' payments to 32 their foreign affiliates 1,543 1,625 U.S. affiliates' payments to 33 their foreign parent groups 5,032 4,398 U.S. payments to unaffiliated 34 foreigners 2,365 2,428 Other private services (table 1, 35 line 27) 44,219 47,848 By type: 1 36 Education 1,113 1,495 37 Financial services 4,083 4,212 38 Insurance services 13,495 14,161 39 Telecommunications 1,973 1,871 Business, professional, and 40 technical services 23,355 25,909 41 Other services (4) 199 201 By affiliation: U.S. parents' payments to 42 their foreign affiliates 13 13,993 U.S. affiliates' payments to 43 their foreign parent groups 5,564 6,149 U.S. payments to unaffiliated 44 foreigners 26,065 27,707 Supplemental detail on insurance transactions: 45 Premiums received (5) 6,577 6,438 46 Actual losses paid 8,870 4,427 47 Premiums paid (5) 21,284 22,845 48 Actual losses recovered 14,462 15,095 Memoranda: 49 Balance on goods (table 1, line 72) -159,451 -190,477 Balance on private services 50 (line 1 minus line 23) 50,098 43,820 Balance on goods and private 51 services (lines 49 and 50) -109,353 -146,657 Line 2011 III IV 1 Exports of private services 156,346 146,265 2 Travel (table 1, line 6) 35,289 27,137 3 Passenger fares (table 1, line 7) 10,843 9,139 Other transportation (table 1, 4 line 8) 11,025 10,910 5 Freight 5,572 5,579 6 Port services 5,453 5,331 Royalties and license fees 7 (table 1, line 9) 30,207 31,500 By type: 1 8 Industrial processes 2 11,069 11,175 9 Other (3) 19,137 20,325 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 18,553 18,687 U.S. affiliates' receipts from 11 their foreign parent groups 908 1,196 U.S. receipts from unaffiliated 12 foreigners 10,746 11,617 Other private services (table 1, 13 line 10) 68,982 67,578 By type: 1 14 Education 6,388 4,236 15 Financial services 19,012 17,676 16 Insurance services 3,895 4,017 17 Telecommunications 3,306 3,149 Business, professional, and 18 technical services 33,620 35,751 19 Other services (4) 3 2,750 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 14,260 15,890 U.S. affiliates' receipts from 21 their foreign parent groups 7,475 7,687 U.S. receipts from unaffiliated 22 foreigners 47,247 44,002 23 Imports of private services 104,120 98,635 24 Travel (table 1, line 23) 22,808 17,181 Passenger fares (table 1, 25 line 24) 8,229 7,435 Other transportation (table 1, 26 line 25) 14,148 13,819 27 Freight 10,445 10,127 28 Port services 3,703 3,692 Royalties and license fees 29 (table 1, line 26) 9,274 9,955 By type: 1 30 Industrial processes 2 5,958 6,298 31 Other (3) 3,316 3,657 By affiliation: U.S. parents' payments to 32 their foreign affiliates 1,875 1,919 U.S. affiliates' payments to 33 their foreign parent groups 4,596 5,227 U.S. payments to unaffiliated 34 foreigners 2,803 2,809 Other private services (table 1, 35 line 27) 49,661 50,246 By type: 1 36 Education 1,980 1,300 37 Financial services 3,906 4,006 38 Insurance services 14,869 14,094 39 Telecommunications 1,976 1,870 Business, professional, and 40 technical services 26,729 28,780 41 Other services (4) 201 196 By affiliation: U.S. parents' payments to 42 their foreign affiliates 14,874 15,789 U.S. affiliates' payments to 43 their foreign parent groups 6,194 7,013 U.S. payments to unaffiliated 44 foreigners 28,603 27,443 Supplemental detail on insurance transactions: 45 Premiums received (5) 6,662 6,895 46 Actual losses paid 4,401 4,345 47 Premiums paid (5) 24,854 23,568 48 Actual losses recovered 15,459 15,427 Memoranda: 49 Balance on goods (table 1, line 72) -202,153 -186,332 Balance on private services 50 (line 1 minus line 23) 52,226 47,629 Balance on goods and private 51 services (lines 49 and 50) -149,927 -138,703 Line 2012 I (r) II (p) 1 Exports of private services 148,140 149,718 2 Travel (table 1, line 6) 27,179 32,301 3 Passenger fares (table 1, line 7) 9,204 9,577 Other transportation (table 1, 4 line 8) 10,699 11,044 5 Freight 5,276 5,613 6 Port services 5,423 5,431 Royalties and license fees 7 (table 1, line 9) 29,675 30,991 By type: 1 8 Industrial processes 2 11,026 11,393 9 Other (3) 18,649 19,598 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 17,253 17,825 U.S. affiliates' receipts from 11 their foreign parent groups 1,300 1,362 U.S. receipts from unaffiliated 12 foreigners 11,122 11,804 Other private services (table 1, 13 line 10) 71,382 65,805 By type: 1 14 Education 9,930 2,927 15 Financial services 17,712 17,725 16 Insurance services 3,895 3,943 17 Telecommunications 3,297 3,324 Business, professional, and 18 technical services 33,848 35,165 19 Other services (4) 2,700 2,721 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 14,962 15,608 U.S. affiliates' receipts from 21 their foreign parent groups 7,128 7,204 U.S. receipts from unaffiliated 22 foreigners 49,292 42,993 23 Imports of private services 96,027 105,608 24 Travel (table 1, line 23) 18,430 24,034 Passenger fares (table 1, 25 line 24) 8,263 9,446 Other transportation (table 1, 26 line 25) 13,337 13,837 27 Freight 9,952 10,371 28 Port services 3,385 3,466 Royalties and license fees 29 (table 1, line 26) 9,856 9,955 By type: 1 30 Industrial processes 2 6,134 6,402 31 Other (3) 3,722 3,553 By affiliation: U.S. parents' payments to 32 their foreign affiliates 1,867 1,945 U.S. affiliates' payments to 33 their foreign parent groups 5,220 5,287 U.S. payments to unaffiliated 34 foreigners 2,769 2,722 Other private services (table 1, 35 line 27) 46,140 48,336 By type: 1 36 Education 1,171 1,576 37 Financial services 3,915 3,973 38 Insurance services 13,203 13,311 39 Telecommunications 1,806 1,812 Business, professional, and 40 technical services 25,843 27,461 41 Other services (4) 204 205 By affiliation: U.S. parents' payments to 42 their foreign affiliates 13,842 15,217 U.S. affiliates' payments to 43 their foreign parent groups 6,528 6,629 U.S. payments to unaffiliated 44 foreigners 25,771 26,490 Supplemental detail on insurance transactions: 45 Premiums received (5) 6,754 6,879 46 Actual losses paid 4,268 4,182 47 Premiums paid (5) 22 23 48 Actual losses recovered 15,042 14,369 Memoranda: 49 Balance on goods (table 1, line 72) -173,012 -189,344 Balance on private services 50 (line 1 minus line 23) 52,113 44,110 Balance on goods and private 51 services (lines 49 and 50) -120,899 -145,234 Seasonally adjusted Line 2011 I II 1 Exports of private services 143,455 147,028 2 Travel (table 1, line 6) 27,407 29,260 3 Passenger fares (table 1, line 7) 8,374 9,080 Other transportation (table 1, 4 line 8) 10,520 10,760 5 Freight 5,225 5,453 6 Port services 5,295 5,307 Royalties and license fees 7 (table 1, line 9) 29,405 30,343 By type: 1 8 Industrial processes 2 10,977 10,730 9 Other (3) 18,427 19,613 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 17,518 18,805 U.S. affiliates' receipts from 11 their foreign parent groups 1,008 875 U.S. receipts from unaffiliated 12 foreigners 10,878 10,662 Other private services (table 1, 13 line 10) 67,749 67,585 By type: 1 14 Education 5,543 5,636 15 Financial services 18,490 18,877 16 Insurance services 3,795 3,771 17 Telecommunications 3,057 3,138 Business, professional, and 18 technical services 34,206 33,462 19 Other services (4) 2,658 2,701 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 114,603 14,754 U.S. affiliates' receipts from 21 their foreign parent groups 7,458 7,481 U.S. receipts from unaffiliated 22 foreigners 45,688 45,350 23 Imports of private services 94,984 97,522 24 Travel (table 1, line 23) 19,257 19,628 Passenger fares (table 1, 25 line 24) 7,542 7,698 Other transportation (table 1, 26 line 25) 13,439 14 27 Freight 9,909 10,214 28 Port services 3,530 3,522 Royalties and license fees 29 (table 1, line 26) 8,921 8,543 By type: 1 30 Industrial processes 2 5,232 5,175 31 Other (3) 3,689 3,369 By affiliation: U.S. parents' payments to 32 their foreign affiliates 1,543 1,625 U.S. affiliates' payments to 33 their foreign parent groups 5,088 4,437 U.S. payments to unaffiliated 34 foreigners 2,290 2,482 Other private services (table 1, 35 line 27) 45,825 47,916 By type: 1 36 Education 1,451 1,463 37 Financial services 4,083 4,212 38 Insurance services 13,495 14,161 39 Telecommunications 1,973 1,871 Business, professional, and 40 technical services 24,623 26,009 41 Other services (4) 199 201 By affiliation: U.S. parents' payments to 42 their foreign affiliates 13,495 13,874 U.S. affiliates' payments to 43 their foreign parent groups 5,774 6,344 U.S. payments to unaffiliated 44 foreigners 26,556 27,698 Supplemental detail on insurance transactions: 45 Premiums received (5) 6,577 6,438 46 Actual losses paid 8,870 4,427 47 Premiums paid (5) 21,284 22,845 48 Actual losses recovered 14,462 15,095 Memoranda: 49 Balance on goods (table 1, line 72) -181,358 -187,184 Balance on private services 50 (line 1 minus line 23) 48,471 49,506 Balance on goods and private 51 services (lines 49 and 50) -132,887 -137,678 1 137,678 Line 2011 III IV 1 Exports of private services 150,217 146,137 2 Travel (table 1, line 6) 30,194 29,254 3 Passenger fares (table 1, line 7) 9,889 9,287 Other transportation (table 1, 4 line 8) 10,956 10,827 5 Freight 5,537 5,514 6 Port services 5,419 5,313 Royalties and license fees 7 (table 1, line 9) 31,055 30,033 By type: 1 8 Industrial processes 2 11,069 11,175 9 Other (3) 19,986 18,858 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 18,544 18,224 U.S. affiliates' receipts from 11 their foreign parent groups 908 1,196 U.S. receipts from unaffiliated 12 foreigners 11,603 10,614 Other private services (table 1, 13 line 10) 68,123 66,736 By type: 1 14 Education 5,732 5,815 15 Financial services 19,012 17,676 16 Insurance services 3,895 4,017 17 Telecommunications 3,306 3,149 Business, professional, and 18 technical services 33,418 33,330 19 Other services (4) 2,761 2,750 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 14,553 14,992 U.S. affiliates' receipts from 21 their foreign parent groups 7,518 7,064 U.S. receipts from unaffiliated 22 foreigners 46,052 44,680 23 Imports of private services 100,767 99,791 24 Travel (table 1, line 23) 19,895 19,871 Passenger fares (table 1, 25 line 24) 7,946 7,923 Other transportation (table 1, 26 line 25) 13,767 13,769 27 Freight 10,180 10,034 28 Port services 3,587 3,735 Royalties and license fees 29 (table 1, line 26) 9,503 9,652 By type: 1 30 Industrial processes 2 6,073 6,153 31 Other (3) 3,430 3,499 By affiliation: U.S. parents' payments to 32 their foreign affiliates 1,875 1,919 U.S. affiliates' payments to 33 their foreign parent groups 4,834 4,894 U.S. payments to unaffiliated 34 foreigners 2,794 2,840 Other private services (table 1, 35 line 27) 49,656 48,576 By type: 1 36 Education 1,475 1,498 37 Financial services 3,906 4,006 38 Insurance services 14,869 14,094 39 Telecommunications 1,976 1,870 Business, professional, and 40 technical services 27,229 26,912 41 Other services (4) 201 196 By affiliation: U.S. parents' payments to 42 their foreign affiliates 15,063 14,814 U.S. affiliates' payments to 43 their foreign parent groups 6,301 6,491 U.S. payments to unaffiliated 44 foreigners 28,292 27,271 Supplemental detail on insurance transactions: 45 Premiums received (5) 6,662 6,895 46 Actual losses paid 4,401 4,345 47 Premiums paid (5) 24,854 23,568 48 Actual losses recovered 15,459 15,427 Memoranda: 49 Balance on goods (table 1, line 72) -180,617 -189,254 Balance on private services 50 (line 1 minus line 23) 49,450 46,346 Balance on goods and private 51 services (lines 49 and 50) -131,167 -142,908 Line 2012 I (r) 11 (p) 1 Exports of private services 150,759 152,382 2 Travel (table 1, line 6) 30,900 31,264 3 Passenger fares (table 1, line 7) 9,734 9,776 Other transportation (table 1, 4 line 8) 10,863 10,931 5 Freight 5,388 5,492 6 Port services 5,475 5,439 Royalties and license fees 7 (table 1, line 9) 30,429 30,935 By type: 1 8 Industrial processes 2 11,026 11,393 9 Other (3) 19,403 19,542 By affiliation: U.S. parents' receipts from 10 their foreign affiliates 17,654 17,899 U.S. affiliates' receipts from 11 their foreign parent groups 1,300 1,362 U.S. receipts from unaffiliated 12 foreigners 11,475 11,674 Other private services (table 1, 13 line 10) 68,833 69,476 By type: 1 14 Education 5,892 5,988 15 Financial services 17,712 17,725 16 Insurance services 3,895 3,943 17 Telecommunications 3,297 3,324 Business, professional, and 18 technical services 35,336 35,775 19 Other services (4) 2,700 2,721 By affiliation: U.S. parents' receipts from 20 their foreign affiliates 15,450 15,718 U.S. affiliates' receipts from 21 their foreign parent groups 7,455 7,531 U.S. receipts from unaffiliated 22 foreigners 45,928 46,227 23 Imports of private services 101,605 102,494 24 Travel (table 1, line 23) 21,228 21,387 Passenger fares (table 1, 25 line 24) 8,936 8,821 Other transportation (table 1, 26 line 25) 13,716 13,842 27 Freight 10 10,398 28 Port services 3,479 3,444 Royalties and license fees 29 (table 1, line 26) 9,859 10,040 By type: 1 30 Industrial processes 2 6,178 6,404 31 Other (3) 3,682 3,636 By affiliation: U.S. parents' payments to 32 their foreign affiliates 1,867 1,945 U.S. affiliates' payments to 33 their foreign parent groups 5,294 5,327 U.S. payments to unaffiliated 34 foreigners 2,698 2,767 Other private services (table 1, 35 line 27) 48 48,404 By type: 1 36 Education 1,525 1,543 37 Financial services 3,915 3,973 38 Insurance services 13,203 13,311 39 Telecommunications 1,806 1,812 Business, professional, and 40 technical services 27,214 27,561 41 Other services (4) 204 205 By affiliation: U.S. parents' payments to 42 their foreign affiliates 14,807 15,091 U.S. affiliates' payments to 43 their foreign parent groups 6,779 6,828 U.S. payments to unaffiliated 44 foreigners 26,280 26,485 Supplemental detail on insurance transactions: 45 Premiums received (5) 6,754 6,879 46 Actual losses paid 4,268 4,182 47 Premiums paid (5) 22,288 22,844 48 Actual losses recovered 15,042 14,369 Memoranda: 49 Balance on goods (table 1, line 72) -194,298 -185,790 Balance on private services 50 (line 1 minus line 23) 49,154 49,889 Balance on goods and private 51 services (lines 49 and 50) -145,144 -135,901 Table 4. Investment Income [Millions of dollars] Line 2011 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 738,810 2 Direct investment receipts (table 1, line 14) 480,238 3 Earnings 473,283 4 Interest 6,955 5 Other private receipts (table 1, line 15) 256,649 6 Income on foreign securities 217,968 7 Dividends 137,315 8 Interest 80,653 9 Interest on claims reported by banks and securities brokers (1) 23,922 10 For own claims 20,941 11 For customers' claims 2,981 12 Interest on claims reported by nonbanking concerns 14,760 13 U.S. government receipts (table 1, line 16) (2) 1,923 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 503,796 15 Direct investment payments (table 1, line 31) 158,559 16 Earnings 132,889 17 Interest 25,670 18 Other private payments (table 1, line 32) 212,506 19 Income on U.S. corporate securities 191,403 20 Dividends 73,272 21 Interest 118,131 22 Interest on liabilities reported by banks and securities brokers (3) 13,845 23 For own liabilities 8,873 24 For customers' liabilities 4,973 25 Interest on liabilities reported by nonbanking concerns 7,258 26 U.S. government payments (table 1, line 33) (4) 132,731 Memorandum: 27 Balance on investment income (line 1 minus line 14) 235,013 Not seasonally adjusted Line 2011 I II 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 178,425 191,461 2 Direct investment receipts (table 1, line 14) 117,784 126,836 3 Earnings 116,131 125,071 4 Interest 1,652 1,765 5 Other private receipts (table 1, line 15) 60,262 64,123 6 Income on foreign securities 50,866 54,343 7 Dividends 31,141 34,338 8 Interest 19,725 20,005 9 Interest on claims reported by banks and securities brokers (1) 5,881 6,123 10 For own claims 5,038 5,411 11 For customers' claims 843 712 12 Interest on claims reported by nonbanking concerns 3,515 3,658 13 U.S. government receipts (table 1, line 16) (2) 379 502 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 122,119 131,175 15 Direct investment payments (table 1, line 31) 37,147 45,195 16 Earnings 31,715 38,625 17 Interest 5,432 6,569 18 Other private payments (table 1, line 32) 51,501 53,193 19 Income on U.S. corporate securities 46,501 47,969 20 Dividends 17,615 18,297 21 Interest 28,886 29,672 22 Interest on liabilities reported by banks and securities brokers (3) 3,343 3,421 23 For own liabilities 2,111 2,116 24 For customers' liabilities 1,232 1,305 25 Interest on liabilities reported by nonbanking concerns 1,657 1,804 26 U.S. government payments (table 1, line 33) (4) 33,471 32,787 Memorandum: 27 Balance on investment income (line 1 minus line 14) 56,306 60,286 Not seasonally adjusted Line 2011 III IV 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 187,182 181,742 2 Direct investment receipts (table 1, line 14) 120,297 115,321 3 Earnings 118,549 113,532 4 Interest 1,748 1,789 5 Other private receipts (table 1, line 15) 66,361 65,903 6 Income on foreign securities 57,039 55,721 7 Dividends 36,522 35,315 8 Interest 20,517 20,406 9 Interest on claims reported by banks and securities brokers (1) 5,643 6,276 10 For own claims 4,966 5,526 11 For customers' claims 677 750 12 Interest on claims reported by nonbanking concerns 3,680 3,907 13 U.S. government receipts (table 1, line 16) (2) 524 518 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 127,193 123,310 15 Direct investment payments (table 1, line 31) 39,946 36,272 16 Earnings 33,092 29,457 17 Interest 6,854 6,815 18 Other private payments (table 1, line 32) 54,157 53,655 19 Income on U.S. corporate securities 49,082 47,851 20 Dividends 19,122 18,239 21 Interest 29,961 29,613 22 Interest on liabilities reported by banks and securities brokers (3) 3,294 3,788 23 For own liabilities 2,109 2,537 24 For customers' liabilities 1,185 1,251 25 Interest on liabilities reported by nonbanking concerns 1,781 2,016 26 U.S. government payments (table 1, line 33) (4) 33,090 33,383 Memorandum: 27 Balance on investment income (line 1 minus line 14) 59,989 58,432 Not seasonally adjusted Line 2012 I (r) II (p) 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 182,429 187,741 2 Direct investment receipts (table 1, line 14) 115,660 117,439 3 Earnings 113,794 115,497 4 Interest 1,866 1,942 5 Other private receipts (table 1, line 15) 66,146 69,803 6 Income on foreign securities 56,615 61,114 7 Dividends 36,670 41,254 8 Interest 19,945 19,861 9 Interest on claims reported by banks and securities brokers (1) 5,906 5,207 10 For own claims 5,276 4,665 11 For customers' claims 630 543 12 Interest on claims reported by nonbanking concerns 3,625 3,481 13 U.S. government receipts (table 1, line 16) (2) 624 499 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 130,262 128,398 15 Direct investment payments (table 1, line 31) 41,962 39,144 16 Earnings 35,678 32,479 17 Interest 6,284 6,665 18 Other private payments (table 1, line 32) 55,396 56,528 19 Income on U.S. corporate securities 49,620 51,088 20 Dividends 20,551 21,994 21 Interest 29,069 29,095 22 Interest on liabilities reported by banks and securities brokers (3) 3,742 3,488 23 For own liabilities 2,453 2,298 24 For customers' liabilities 1,288 1,190 25 Interest on liabilities reported by nonbanking concerns 2,035 1,952 26 U.S. government payments (table 1, line 33) (4) 32,904 32,726 Memorandum: 27 Balance on investment income (line 1 minus line 14) 52,167 59,343 Seasonally adjusted Line 2011 I II 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 179,328 188,047 2 Direct investment receipts (table 1, line 14) 118,621 123,417 3 Earnings 116,969 121,652 4 Interest 1,652 1,765 5 Other private receipts (table 1, line 15) 60,262 64,123 6 Income on foreign securities 50,866 54,343 7 Dividends 31,141 34,338 8 Interest 19,725 20,005 9 Interest on claims reported by banks and securities brokers (1) 5,881 6,123 10 For own claims 5,038 5,411 11 For customers' claims 843 712 12 Interest on claims reported by nonbanking concerns 3,515 3,658 13 U.S. government receipts (table 1, line 16) (2) 445 506 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 124,863 129,835 15 Direct investment payments (table 1, line 31) 39,891 43,855 16 Earnings 33,922 37,236 17 Interest 5,970 6,619 18 Other private payments (table 1, line 32) 51,501 53,193 19 Income on U.S. corporate securities 46,501 47,969 20 Dividends 17,615 18,297 21 Interest 28,886 29,672 22 Interest on liabilities reported by banks and securities brokers (3) 3,343 3,421 23 For own liabilities 2,111 2,116 24 For customers' liabilities 1,232 1,305 25 Interest on liabilities reported by nonbanking concerns 1,657 1,804 26 U.S. government payments (table 1, line 33) (4) 33,471 32,787 Memorandum: 27 Balance on investment income (line 1 minus line 14) 54,465 58,212 Seasonally adjusted Line 2011 III IV 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 185,994 185,441 2 Direct investment receipts (table 1, line 14) 119,106 119,094 3 Earnings 117,357 117,304 4 Interest 1,748 1,789 5 Other private receipts (table 1, line 15) 66,361 65,903 6 Income on foreign securities 57,039 55,721 7 Dividends 36,522 35,315 8 Interest 20,517 20,406 9 Interest on claims reported by banks and securities brokers (1) 5,643 6,276 10 For own claims 4,966 5,526 11 For customers' claims 677 750 12 Interest on claims reported by nonbanking concerns 3,680 3,907 13 U.S. government receipts (table 1, line 16) (2) 527 444 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 125,508 123,590 15 Direct investment payments (table 1, line 31) 38,261 36,552 16 Earnings 31,448 30,283 17 Interest 6,813 6,268 18 Other private payments (table 1, line 32) 54,157 53,655 19 Income on U.S. corporate securities 49,082 47,851 20 Dividends 19,122 18,239 21 Interest 29,961 29,613 22 Interest on liabilities reported by banks and securities brokers (3) 3,294 3,788 23 For own liabilities 2,109 2,537 24 For customers' liabilities 1,185 1,251 25 Interest on liabilities reported by nonbanking concerns 1,781 2,016 26 U.S. government payments (table 1, line 33) (4) 33,090 33,383 Memorandum: 27 Balance on investment income (line 1 minus line 14) 60,486 61,851 Seasonally adjusted Line 2012 I (r) II (p) 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 183,230 184,595 2 Direct investment receipts (table 1, line 14) 116,321 114,293 3 Earnings 114,456 112,351 4 Interest 1,866 1,942 5 Other private receipts (table 1, line 15) 66,146 69,803 6 Income on foreign securities 56,615 61,114 7 Dividends 36,670 41,254 8 Interest 19,945 19,861 9 Interest on claims reported by banks and securities brokers (1) 5,906 5,207 10 For own claims 5,276 4,665 11 For customers' claims 630 543 12 Interest on claims reported by nonbanking concerns 3,625 3,481 13 U.S. government receipts (table 1, line 16) (2) 763 499 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 133,885 127,173 15 Direct investment payments (table 1, line 31) 45,585 37,919 16 Earnings 38,556 31,221 17 Interest 7,029 6,698 18 Other private payments (table 1, line 32) 55,396 56,528 19 Income on U.S. corporate securities 49,620 51,088 20 Dividends 20,551 21,994 21 Interest 29,069 29,095 22 Interest on liabilities reported by banks and securities brokers (3) 3,742 3,488 23 For own liabilities 2,453 2,298 24 For customers' liabilities 1,288 1,190 25 Interest on liabilities reported by nonbanking concerns 2,035 1,952 26 U.S. government payments (table 1, line 33) (4) 32,904 32,726 Memorandum: 27 Balance on investment income (line 1 minus line 14) 49,345 57,422 Table 5. U.S. Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars] Not seasonally adjusted Line (Credits +; decrease 2011 2011 in U.S. assets or increase in foreign assets. Debits -; increase I II in U.S. assets or decrease in foreign assets.) A1 U.S. official reserve assets, net (table 1, line 41) -15,877 -3,619 -6,267 2 Gold (table 1, line 42) 0 0 0 3 Special drawing rights (table 1, line 43) 1,752 1,961 -159 4 Reserve position in the International Monetary Fund (table 1, line 44) -18,079 -6,428 -5,974 5 Foreign currencies (table 1, line 45) 450 848 -134 B1 Foreign official assets in the United States, net (table 1, line 56) 211,826 72,974 121,822 By instrument: 2 U.S. Treasury securities (table 1, line 58) 171,179 56,274 104,363 3 Bills and certificates -103,432 -44,574 -5,335 4 Bonds and notes, marketable 274,493 100,820 109,668 5 Bonds and notes, nonmarketable 118 28 30 6 Other U.S. government securities (table 1, line 59) -12,444 11,445 -7,179 7 Other U.S. government liabilities (table 1, line 60) 9,063 2,714 2,236 8 U.S. liabilities reported by U.S. banks and securities brokers (table 1, line 61) 30,010 -3,090 15,764 9 Liabilities for own accounts (1) 42,762 628 12,578 10 Repurchase agreements 41,101 7,350 4,198 11 Deposits and brokerage balances (2) 5,151 -1,073 7,768 12 Other liabilities -3,490 -5,649 612 13 Liabilities for customers' accounts (1) -12,752 -3,718 3,186 14 Negotiable certificates of deposit and other short-term instruments -12,751 -3,718 3,187 15 Other liabilities -1 (*) -1 16 Other foreign official assets (table 1, line 62) 14,018 5,631 6,638 By area: 17 Europe 38,811 23,443 21,041 18 Canada 3,872 -212 3,777 19 Latin America and Caribbean 49,694 26,680 18,074 20 Asia 127,278 29,076 72,931 21 Africa -11,843 -2,296 1,148 22 Other 4,014 -3,717 4,851 Not seasonally adjusted Line (Credits +; decrease 2011 in U.S. assets or increase in foreign assets. Debits -; increase III IV in U.S. assets or decrease in foreign assets.) A1 U.S. official reserve assets, net (table 1, line 41) -4,079 -1,912 2 Gold (table 1, line 42) 0 0 3 Special drawing rights (table 1, line 43) -27 -23 4 Reserve position in the International Monetary Fund (table 1, line 44) -3,909 -1,768 5 Foreign currencies (table 1, line 45) -143 -121 B1 Foreign official assets in the United States, net (table 1, line 56) 19,889 -2,859 By instrument: 2 U.S. Treasury securities (table 1, line 58) 28,115 -17,573 3 Bills and certificates -25,726 -27,797 4 Bonds and notes, marketable 53,811 10,194 5 Bonds and notes, nonmarketable 30 30 6 Other U.S. government securities (table 1, line 59) -16,866 156 7 Other U.S. government liabilities (table 1, line 60) 2,287 1,826 8 U.S. liabilities reported by U.S. banks and securities brokers (table 1, line 61) 5,121 12,215 9 Liabilities for own accounts (1) 8,708 20,848 10 Repurchase agreements 12,123 17,430 11 Deposits and brokerage balances (2) -4,856 3,312 12 Other liabilities 1,441 106 13 Liabilities for customers' accounts (1) -3,587 -8,633 14 Negotiable certificates of deposit and other short-term instruments -3,587 -8,633 15 Other liabilities (*) (*) 16 Other foreign official assets (table 1, line 62) 1,232 517 By area: 17 Europe 37,333 -43,006 18 Canada -2,001 2,308 19 Latin America and Caribbean -810 5,750 20 Asia -12,181 37,452 21 Africa -7 -3,635 22 Other 4,608 -1,728 Not seasonally adjusted Amounts Line (Credits +; decrease 2012 out- in U.S. assets or standing increase in June 30, foreign assets. Debits -; increase I (r) II (p) 2012 in U.S. assets or decrease in foreign assets.) A1 U.S. official reserve assets, net (table 1, line 41) -1,233 -3,289 556,620 2 Gold (table 1, line 42) 0 0 418,006 3 Special drawing rights (table 1, line 43) -11 -10 54,341 4 Reserve position in the International Monetary Fund (table 1, line 44) -1,078 -3,179 33,930 5 Foreign currencies (table 1, line 45) -144 -100 50,343 B1 Foreign official assets in the United States, net (table 1, line 56) 69,711 83,010 5,446,436 By instrument: 2 U.S. Treasury securities (table 1, line 58) 85,068 84,870 3,820,294 3 Bills and certificates -724 7,606 366,603 4 Bonds and notes, marketable 85,762 77,233 3,452,104 5 Bonds and notes, nonmarketable 30 31 1,587 6 Other U.S. government securities (table 1, line 59) 363 -14,145 609,996 7 Other U.S. government liabilities (table 1, line 60) 2,833 2,682 124,248 8 U.S. liabilities reported by U.S. banks and securities brokers (table 1, line 61) -19,305 5,982 196,406 9 Liabilities for own accounts (1) -19,636 9,591 185,597 10 Repurchase agreements -3,161 892 127,866 11 Deposits and brokerage balances (2) -10,349 6,565 51,909 12 Other liabilities -6,126 2,134 5,822 13 Liabilities for customers' accounts (1) 331 -3,609 10,809 14 Negotiable certificates of deposit and other short-term instruments 331 -3,609 10,776 15 Other liabilities (*) (*) 33 16 Other foreign official assets (table 1, line 62) 752 3,621 695,492 By area: 17 Europe 10,712 33,045 788,398 18 Canada -535 -695 25,243 19 Latin America and Caribbean 7,983 24,414 458,633 20 Asia 53,413 22,047 4,037,369 21 Africa -3,308 3,131 44,750 22 Other 1,446 1,068 92,043 Table 6. Selected U.S. Government Transactions [Millions of dollars] Not seasonally adjusted Line 2011 2011 I II Al U.S. government grants and transactions increasing government assets, total 155,507 12,321 16,931 By category 2 Grants, net 48,508 11,165 14,315 3 U.S. government current grants, net (table 1, line 36, with sign reversed) 47,350 11,136 13,486 4 Financing military purchases (1) 17,043 3,835 6,302 5 Other grants 30,307 7,302 7,184 Cash contributions received from coalition partners for Persian Gulf 6 operations ... ... ... Debt forgiveness (table 1, part of line 39, 7 with sign reversed) 1,158 29 829 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 7,307 1,307 2,337 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 2,565 569 1,460 10 Credits repayable in U.S. dollars 4,742 738 877 11 Credits repayable in other than U.S. dollars 0 0 0 12 Other long-term assets 0 0 0 13 Foreign currency holdings and short-term assets, net (table 1, line 49 with sign reversed) 99,692 -150 279 14 Foreign currency holdings (excluding administrative cash holdings), net 0 0 0 Receipts from: 15 Sales of agricultural commodities 0 0 0 16 Interest 0 0 0 17 Repayments of principal 0 0 0 18 Reverse grants 0 0 0 19 Other sources 0 0 0 Less currencies disbursed for: 20 Grants and credits in the recipient's currency 0 0 0 21 Other grants and credits 0 0 0 22 Other U.S. government expenditures 0 0 0 23 Assets acquired in performance of U.S. government guarantee and insurance obligations, net -113 -112 -12 24 Other assets held under Commodity Credit Corporation Charter Act, net 0 0 0 25 Assets financing military sales contracts, net (2) 0 0 0 26 Other short-term assets (including changes in administrative cash holdings), net (9) 99,806 -39 291 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 2,565 569 1,460 28 Under Agricultural Trade Development and Assistance Act and related programs 1,785 452 444 29 Under Foreign Assistance Act and related programs 44,105 10,363 12,642 30 Under Export-Import Bank Act 4,733 418 1,612 31 Under Commodity Credit Corporation Charter Act 63 50 1 32 Under other grant and credit programs 2,451 508 480 33 Other foreign currency assets acquired (lines A16, A17, and A19) 0 0 0 34 Less foreign currencies used by U.S. government other than for grants or credits (line A22) 0 0 0 35 Other (including changes in administrative cash holdings), net (9) 99,806 -39 291 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 39,588 8,587 12,036 37 Expenditures on U.S. goods 10,582 1,708 3,370 38 Expenditures on U.S. services (4) 11,865 2,860 2,837 39 Financing of military sales contracts by U.S. government (5) (line C6) 15,740 3,834 5,003 40 By long-term credits 0 0 0 41 By short-term credits (1) 0 0 0 42 By grants (1) 15,740 3,834 5,003 43 U.S. government grants and credits to repay prior U.S. government credits (1 4) 1,475 265 831 44 U.S. government long--and short-term credits to repay prior U.S. private credits s and other assets -59 -79 6 45 Increase in liabilities associated with U.S. government grants and transactions increasing government assets (including changes in retained accounts) (7) (line C11) 0 0 0 46 Less receipts on short- term U.S. government assets (a) financing military sales contracts (1) (b) financing repayment of private credits and other assets, and (c) financing expenditures on U.S. goads 14 2 11 47 Less foreign currencies used by U.S. government other than for grants or credits (line A22) 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions (9) 115,919 3,735 4,895 B1 Repayments on U.S. government long-term assets, total (table 1, line 48) 3,333 610 1,259 2 Receipts of principal on U.S. government credits 3,333 610 1,259 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 4 Under Foreign Assistance Act and related programs 1,289 406 160 5 Under Export-Import Bank Act 1,608 119 1,043 6 Under Commodity Credit Corporation Charter Act 33 8 8 7 Under other credit programs 0 0 0 8 Receipts on other long- term assets 0 0 0 C1 U.S. government liabilities other than securities, total, net increase (+) (table 1, line 60) 9,063 2,714 2,236 2 Associated with military sales contracts (2) 9,063 2,714 2,236 3 U.S. government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 20,568 5,499 4,188 4 Less U.S. government receipts from principal repayments 64 21 3 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States -300 -200 -100 6 Plus financing of military sales contracts by U.S. government (5) (line A39) 15,740 3,834 5,003 7 By long-term credits 0 0 0 8 By short-term credits (1) 0 0 0 9 By grants (1) 15,740 3,834 5,003 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5 and part of table 1, line 3) 27,480 6,799 7,053 11 Associated with U.S. government grants and transactions increasing Government assets (including changes in retained accounts) (7) (line A45) 0 0 0 12 Associated with other liabilities 0 0 0 13 Sales of nuclear material by Department of Energy/U.S. Enrichment Corporation (8) 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 15 Other sales and miscellaneous operations (10) 0 0 0 Not seasonally adjusted Line 2011 III IV Al U.S. government grants and transactions increasing government assets, total 13,426 112,830 By category 2 Grants, net 11,476 11,552 3 U.S. government current grants, net (table 1, line 36, with sign reversed) 11,176 11,551 4 Financing military purchases (1) 3,166 3,741 5 Other grants 8,010 7,811 Cash contributions received from coalition partners for Persian Gulf 6 operations ... ... Debt forgiveness (table 1, part of line 39, 7 with sign reversed) 300 1 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 1,396 2,267 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 426 109 10 Credits repayable in U.S. dollars 970 2,158 11 Credits repayable in other than U.S. dollars 0 0 12 Other long-term assets 0 0 13 Foreign currency holdings and short-term assets, net (table 1, line 49 with sign reversed) 553 99,010 14 Foreign currency holdings (excluding administrative cash holdings), net 0 0 Receipts from: 15 Sales of agricultural commodities 0 0 16 Interest 0 0 17 Repayments of principal 0 0 18 Reverse grants 0 0 19 Other sources 0 0 Less currencies disbursed for: 20 Grants and credits in the recipient's currency 0 0 21 Other grants and credits 0 0 22 Other U.S. government expenditures 0 0 23 Assets acquired in performance of U.S. government guarantee and insurance obligations, net 7 4 24 Other assets held under Commodity Credit Corporation Charter Act, net 0 0 25 Assets financing military sales contracts, net (2) 0 0 26 Other short-term assets (including changes in administrative cash holdings), net (9) 546 99,007 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 426 109 28 Under Agricultural Trade Development and Assistance Act and related programs 444 445 29 Under Foreign Assistance Act and related programs 10,445 10,655 30 Under Export-Import Bank Act 704 1,998 31 Under Commodity Credit Corporation Charter Act 8 4 32 Under other grant and credit programs 852 612 33 Other foreign currency assets acquired (lines A16, A17, and A19) 0 0 34 Less foreign currencies used by U.S. government other than for grants or credits (line A22) 0 0 35 Other (including changes in administrative cash holdings), net (9) 546 99,007 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 8,695 10,270 37 Expenditures on U.S. goods 2,104 3,400 38 Expenditures on U.S. services (4) 3,050 3,118 39 Financing of military sales contracts by U.S. government (5) (line C6) 3,161 3,741 40 By long-term credits 0 0 41 By short-term credits (1) 0 0 42 By grants (1) 3,161 3,741 43 U.S. government grants and credits to repay prior U.S. government credits (1 4) 371 7 44 U.S. government long--and short-term credits to repay prior U.S. private credits s and other assets 11 4 45 Increase in liabilities associated with U.S. government grants and transactions increasing government assets (including changes in retained accounts) (7) (line C11) 0 0 46 Less receipts on short- term U.S. government assets (a) financing military sales contracts (1) (b) financing repayment of private credits and other assets, and (c) financing expenditures on U.S. goads 1 0 47 Less foreign currencies used by U.S. government other than for grants or credits (line A22) 0 0 48 Estimated dollar payments to foreign countries and international financial institutions (9) 4,730 102,560 B1 Repayments on U.S. government long-term assets, total (table 1, line 48) 812 653 2 Receipts of principal on U.S. government credits 812 653 3 Under Agricultural Trade Development and Assistance Act and related programs 113 165 4 Under Foreign Assistance Act and related programs 562 162 5 Under Export-Import Bank Act 125 321 6 Under Commodity Credit Corporation Charter Act 12 5 7 Under other credit programs 0 0 8 Receipts on other long- term assets 0 0 C1 U.S. government liabilities other than securities, total, net increase (+) (table 1, line 60) 2,287 1,826 2 Associated with military sales contracts (2) 2,287 1,826 3 U.S. government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 6,357 4,524 4 Less U.S. government receipts from principal repayments 37 3 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 0 0 6 Plus financing of military sales contracts by U.S. government (5) (line A39) 3,161 3,741 7 By long-term credits 0 0 8 By short-term credits (1) 0 0 9 By grants (1) 3,161 3,741 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5 and part of table 1, line 3) 7,193 6,436 11 Associated with U.S. government grants and transactions increasing Government assets (including changes in retained accounts) (7) (line A45) 0 0 12 Associated with other liabilities 0 0 13 Sales of nuclear material by Department of Energy/U.S. Enrichment Corporation (8) 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 15 Other sales and miscellaneous operations (10) 0 0 Not seasonally adjusted Line 2012 I (r) II (p) Al U.S. government grants and transactions increasing government assets, total -38,814 -4,439 By category 2 Grants, net 11,911 11,657 3 U.S. government current grants, net (table 1, line 36, with sign reversed) 11,910 11,657 4 Financing military purchases (1) 5,304 4,266 5 Other grants 6,605 7,392 Cash contributions received from coalition partners for Persian Gulf 6 operations ... ... Debt forgiveness (table 1, part of line 39, 7 with sign reversed) 1 0 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 2,631 2,393 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 364 1,753 10 Credits repayable in U.S. dollars 2,267 640 11 Credits repayable in other than U.S. dollars 0 0 12 Other long-term assets 0 0 13 Foreign currency holdings and short-term assets, net (table 1, line 49 with sign reversed) -53,356 -18,489 14 Foreign currency holdings (excluding administrative cash holdings), net 0 0 Receipts from: 15 Sales of agricultural commodities 0 0 16 Interest 0 0 17 Repayments of principal 0 0 18 Reverse grants 0 0 19 Other sources 0 0 Less currencies disbursed for: 20 Grants and credits in the recipient's currency 0 0 21 Other grants and credits 0 0 22 Other U.S. government expenditures 0 0 23 Assets acquired in performance of U.S. government guarantee and insurance obligations, net 2 2 24 Other assets held under Commodity Credit Corporation Charter Act, net 0 0 25 Assets financing military sales contracts, net (2) 0 0 26 Other short-term assets (including changes in administrative cash holdings), net (9) -53,358 -18,491 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 364 1,753 28 Under Agricultural Trade Development and Assistance Act and related programs 443 445 29 Under Foreign Assistance Act and related programs 11,122 10,490 30 Under Export-Import Bank Act 2,193 507 31 Under Commodity Credit Corporation Charter Act 2 2 32 Under other grant and credit programs 420 855 33 Other foreign currency assets acquired (lines A16, A17, and A19) 0 0 34 Less foreign currencies used by U.S. government other than for grants or credits (line A22) 0 0 35 Other (including changes in administrative cash holdings), net (9) -53,358 -18,491 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 11,313 8,804 37 Expenditures on U.S. goods 3,303 3,074 38 Expenditures on U.S. services (4) 2,697 2,754 39 Financing of military sales contracts by U.S. government (5) (line C6) 5,303 2,966 40 By long-term credits 0 0 41 By short-term credits (1) 0 0 42 By grants (1) 5,303 2,966 43 U.S. government grants and credits to repay prior U.S. government credits (1 4) 8 8 44 U.S. government long--and short-term credits to repay prior U.S. private credits s and other assets 2 2 45 Increase in liabilities associated with U.S. government grants and transactions increasing government assets (including changes in retained accounts) (7) (line C11) 0 0 46 Less receipts on short- term U.S. government assets (a) financing military sales contracts (1) (b) financing repayment of private credits and other assets, and (c) financing expenditures on U.S. goads 0 0 47 Less foreign currencies used by U.S. government other than for grants or credits (line A22) 0 0 48 Estimated dollar payments to foreign countries and international financial institutions (9) -50,127 -13,243 B1 Repayments on U.S. government long-term assets, total (table 1, line 48) 352 630 2 Receipts of principal on U.S. government credits 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 63 92 4 Under Foreign Assistance Act and related programs 128 156 5 Under Export-Import Bank Act 143 374 6 Under Commodity Credit Corporation Charter Act 18 8 7 Under other credit programs 0 0 8 Receipts on other long- term assets 0 0 C1 U.S. government liabilities other than securities, total, net increase (+) (table 1, line 60) 2,833 2,682 2 Associated with military sales contracts (2) 2,833 2,682 3 U.S. government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 5,126 5,927 4 Less U.S. government receipts from principal repayments 20 3 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 600 0 6 Plus financing of military sales contracts by U.S. government (5) (line A39) 5,303 2,966 7 By long-term credits 0 0 8 By short-term credits (1) 0 0 9 By grants (1) 5,303 2,966 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5 and part of table 1, line 3) 6,975 6,207 11 Associated with U.S. government grants and transactions increasing Government assets (including changes in retained accounts) (7) (line A45) 0 0 12 Associated with other liabilities 0 0 13 Sales of nuclear material by Department of Energy/U.S. Enrichment Corporation (8) 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 15 Other sales and miscellaneous operations (10) 0 0 Table 7. Direct Investment: Income, Financial Flows, Royalties and License Fees, and Other Private Services (Millions of dollars) Line (Credits +; debits -) 2011 U.S. direct investment abroad: 1 Income (table 1, line 14) 480,238 2 Earnings 473,283 3 Distributed earnings 124,644 4 Reinvested earnings 348,639 5 Reinvested earnings without current-cost adjustment 325,963 6 Current-cost adjustment 22,676 7 Interest 6,955 8 U.S. parents' receipts 9,283 9 U.S. parents' payments -2,328 10 Income without current-cost adjustment 457,562 11 Manufacturing 73,806 12 Wholesale trade 29,989 13 Finance (including depository institutions) and insurance 43,794 14 Holding companies, except bank holding companies 221,295 15 Other 88,678 16 Earnings without current-cost adjustment (line 2 less line 6) 450,607 17 Manufacturing 73,186 18 Wholesale trade 29,714 19 Finance (including depository institutions) and insurance 43,417 20 Holding companies, except bank holding companies 217,489 21 Other 86,801 22 Interest 6,955 23 Manufacturing 620 24 Wholesale trade 275 25 Finance (including depository institutions) and insurance (1) 377 26 Holding companies, except bank holding companies 3,806 27 Other 1,877 28 Financial flows (table t, line 51) -419,332 29 Equity -52,391 30 Increases in equity -96,679 31 Decreases in equity 44,289 32 Reinvested earnings (line 4 with sign reversed) -348,639 33 Intercompany debt -18,303 34 U.S. parents' receivables -51,927 35 U.S. parents' payables 33,625 36 Financial flows without current-cost adjustment -396,656 37 Manufacturing -59,177 38 Wholesale trade -24,274 39 Finance (including depository institutions) and insurance -28,020 40 Holding companies, except bank holding companies -207,586 41 Other -77,600 42 Equity -52,391 43 Manufacturing -10,282 44 Wholesale trade -196 45 Finance (including depository institutions) and insurance 3,005 46 Holding companies, except bank holding companies -29,277 47 Other -15,641 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -325,963 49 Manufacturing -55,516 50 Wholesale trade -23,262 51 Finance (including depository institutions) and insurance -24,211 52 Holding companies, except bank holding companies -156,816 53 Other -66,157 54 Intercompany debt -18,303 55 Manufacturing 6,620 56 Wholesale trade -815 57 Finance (including depository institutions) and insurance -6,814 58 Holding companies, except bank holding companies -21,492 59 Other 4,199 60 Royalties and license fees, net 66,130 61 U.S. parents' receipts (table 1, part of line 9) 73,091 62 U.S. parents' payments (table 1, part of line 26) -6,962 63 Other private services, net 1,656 64 U.S. parents' receipts (table 1, part of line 10) 58,902 65 U.S. parents' payments (table 1, part of line 27) -57,245 Foreign direct investment in the United States: 66 Income (table 1, line 31) -158,559 67 Earnings -132,889 68 Distributed earnings -45,500 69 Reinvested earnings -87,389 70 Reinvested earnings without current-cost adjustment -80,338 71 Current-cost adjustment -7,051 72 Interest -25,670 73 U.S. affiliates' payments -30,005 74 U.S. affiliates' receipts 4,335 75 Income without current-cost adjustment -151,508 76 Manufacturing -64,899 77 Wholesale trade -16,259 78 Finance (including depository institutions) and insurance -21,752 79 Other -48,598 80 Earnings without current-cast adjustment (line 67 less line 71) -125,838 81 Manufacturing -55,386 82 Wholesale trade -14,661 83 Finance (including depository institutions) and insurance -20,365 84 Other -35,426 85 Interest -25,670 86 Manufacturing -9,514 87 Wholesale trade -1,598 88 Finance (including depository institutions) and insurance (1) -1,386 89 Other -13,172 90 Financial flows (table 1, line 64) 233,988 91 Equity 93,224 92 Increases in equity 132,936 93 Decreases in equity -39,712 94 Reinvested earnings (line 69 with sign reversed) 87,389 95 Intercompany debt 53,374 96 U.S. affiliates' payables 43,290 97 U.S. affiliates' receivables 10,085 98 Financial flows without current-cost adjustment 226,937 99 Manufacturing 90,883 100 Wholesale trade 25,675 101 Finance (including depository institutions) and insurance 26,470 102 Other 83,908 103 Equity 93,224 104 Manufacturing 35,349 105 Wholesale trade -67 106 Finance (including depository institutions) and insurance 23,959 107 Other 33,983 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80,338 109 Manufacturing 39,912 110 Wholesale trade 9,572 111 Finance (including depository institutions) and insurance 5,528 112 Other 25,326 113 Intercompany debt 53,374 114 Manufacturing 15,621 115 Wholesale trade 16,170 116 Finance (including depository institutions) and insurance (2) -3,017 117 Other 24,599 118 Royalties and license fees, net -15,266 119 U.S. affiliates' payments (table 1, part of line 26) -19,253 120 U.S. affiliates' receipts (table 1, part of line 9) 3,988 121 Other private services, net 4,611 122 U.S. affiliates' payments (table 1, part of line 27) -24,910 123 U.S. affiliates' receipts (table 1, part of line 10) 29,521 Not seasonally adjusted Line (Credits +; debits -) 2011 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 117,784 126,836 2 Earnings 116,131 125,071 3 Distributed earnings 23,504 22,427 4 Reinvested earnings 92,627 102,644 5 Reinvested earnings without current-cost adjustment 86,892 96,963 6 Current-cost adjustment 5,735 5,681 7 Interest 1,652 1,765 8 U.S. parents' receipts 2,227 2,339 9 U.S. parents' payments -574 -574 10 Income without current-cost adjustment 112,049 121,155 11 Manufacturing 17,966 18,899 12 Wholesale trade 7,093 7,704 13 Finance (including depository institutions) and insurance 10,295 12,580 14 Holding companies, except bank holding companies 56,322 59,376 15 Other 20,373 22,596 16 Earnings without current-cost adjustment (line 2 less line 6) 110,396 119,390 17 Manufacturing 17,813 18,746 18 Wholesale trade 7,033 7,631 19 Finance (including depository institutions) and insurance 10,189 12,489 20 Holding companies, except bank holding companies 55,471 58,407 21 Other 19,890 22,117 22 Interest 1,652 1,765 23 Manufacturing 153 153 24 Wholesale trade 59 73 25 Finance (including depository institutions) and insurance (1) 106 91 26 Holding companies, except bank holding companies 851 969 27 Other 483 479 28 Financial flows (table t, line 51) -112,272 -141,610 29 Equity -2,121 -31,714 30 Increases in equity -12,925 -41,213 31 Decreases in equity 10,804 9,498 32 Reinvested earnings (line 4 with sign reversed) -92,627 -102,644 33 Intercompany debt -17,524 -7,252 34 U.S. parents' receivables -30,513 -18,792 35 U.S. parents' payables 12,990 11,539 36 Financial flows without current-cost adjustment -106,537 -135,929 37 Manufacturing -16,194 -18,091 38 Wholesale trade -5,575 -9,735 39 Finance (including depository institutions) and insurance -14,300 -10,263 40 Holding companies, except bank holding companies -56,964 -63,460 41 Other -13,505 -34,380 42 Equity -2,121 -31,714 43 Manufacturing -971 -3,324 44 Wholesale trade 1,012 -731 45 Finance (including depository institutions) and insurance -738 -3,222 46 Holding companies, except bank holding companies -2,123 -10,807 47 Other 699 -13,630 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -86,892 -96,963 49 Manufacturing -15,571 -12,341 50 Wholesale trade -6,343 -5,714 51 Finance (including depository institutions) and insurance -7,544 -9,071 52 Holding companies, except bank holding companies -43,701 -51,718 53 Other -13,733 -18,120 54 Intercompany debt -17,524 -7,252 55 Manufacturing 348 -2,426 56 Wholesale trade -244 -3,290 57 Finance (including depository institutions) and insurance -6,017 2,030 58 Holding companies, except bank holding companies -11,139 -935 59 Other -471 -2,630 60 Royalties and license fees, net 15,584 17,100 61 U.S. parents' receipts (table 1, part of line 9) 17,127 18,725 62 U.S. parents' payments (table 1, part of line 26) -1,543 -1,625 63 Other private services, net 1,528 641 64 U.S. parents' receipts (table 1, part of line 10) 14,117 14,634 65 U.S. parents' payments (table 1, part of line 27) -12,590 -13,993 Foreign direct investment in the United States: 66 Income (table 1, line 31) -37,147 -45,195 67 Earnings -31,715 -38,625 68 Distributed earnings -6,356 -11,011 69 Reinvested earnings -25,359 -27,614 70 Reinvested earnings without current-cost adjustment -23,529 -25,842 71 Current-cost adjustment -1,830 -1,772 72 Interest -5,432 -6,569 73 U.S. affiliates' payments -6,234 -7,717 74 U.S. affiliates' receipts 802 1,148 75 Income without current-cost adjustment -35,317 -43,423 76 Manufacturing -12,720 -16,789 77 Wholesale trade -3,407 -4,878 78 Finance (including depository institutions) and insurance -8,110 -9,052 79 Other -11,079 -12,703 80 Earnings without current-cast adjustment (line 67 less line 71) -29,885 -36,853 81 Manufacturing -10,798 -14,394 82 Wholesale trade -3,041 -4,366 83 Finance (including depository institutions) and insurance -7,804 -8,783 84 Other -8,242 -9,310 85 Interest -5,432 -6,569 86 Manufacturing -1,922 -2,395 87 Wholesale trade -366 -512 88 Finance (including depository institutions) and insurance (1) -307 -270 89 Other -2,838 -3,393 90 Financial flows (table 1, line 64) 34,239 63,727 91 Equity 7,576 30,481 92 Increases in equity 17,222 36,517 93 Decreases in equity -9,645 -6,036 94 Reinvested earnings (line 69 with sign reversed) 25,359 27,614 95 Intercompany debt 1,303 5,632 96 U.S. affiliates' payables 11,769 7,883 97 U.S. affiliates' receivables -10,466 -2,251 98 Financial flows without current-cost adjustment 32,409 61,955 99 Manufacturing 13,314 22,501 100 Wholesale trade 5,885 4,278 101 Finance (including depository institutions) and insurance 4,236 9,275 102 Other 8,973 25,900 103 Equity 7,576 30,481 104 Manufacturing 5,742 11,529 105 Wholesale trade 370 878 106 Finance (including depository institutions) and insurance 2,776 5,921 107 Other -1,312 12,153 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 23,529 25,842 109 Manufacturing 8,869 12,425 110 Wholesale trade 2,669 3,983 111 Finance (including depository institutions) and insurance 5,221 3,553 112 Other 6,770 5,881 113 Intercompany debt 1,303 5,632 114 Manufacturing -1,297 -1,453 115 Wholesale trade 2,846 -583 116 Finance (including depository institutions) and insurance (2) -3,761 -200 117 Other 3,515 7,867 118 Royalties and license fees, net 4,024 4,523 119 U.S. affiliates' payments (table 1, part of line 26) -5,032 4,398 120 U.S. affiliates' receipts (table 1, part of line 9) 1,008 875 121 Other private services, net 1,565 1,082 122 U.S. affiliates' payments (table 1, part of line 27) -5,564 -6,149 123 U.S. affiliates' receipts (table 1, part of line 10) 7,129 7,231 Not seasonally adjusted Line (Credits +; debits -) 2011 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 120,297 115,321 2 Earnings 118,549 113,532 3 Distributed earnings 22,871 55,842 4 Reinvested earnings 95,678 57,690 5 Reinvested earnings without current-cost adjustment 90,037 52,071 6 Current-cost adjustment 5,641 5,619 7 Interest 1,748 1,789 8 U.S. parents' receipts 2,330 2,388 9 U.S. parents' payments -581 -599 10 Income without current-cost adjustment 114,656 109,702 11 Manufacturing 20,074 16,867 12 Wholesale trade 7,682 7,510 13 Finance (including depository institutions) and insurance 11,150 9,769 14 Holding companies, except bank holding companies 52,965 52,633 15 Other 22,786 22,922 16 Earnings without current-cost adjustment (line 2 less line 6) 112,908 107,913 17 Manufacturing 19,933 16,693 18 Wholesale trade 7,613 7,437 19 Finance (including depository institutions) and insurance 11,058 9,681 20 Holding companies, except bank holding companies 51,986 51,626 21 Other 22,318 22,476 22 Interest 1,748 1,789 23 Manufacturing 141 174 24 Wholesale trade 69 74 25 Finance (including depository institutions) and insurance (1) 92 88 26 Holding companies, except bank holding companies 978 1,007 27 Other 468 447 28 Financial flows (table t, line 51) -82,216 -83,234 29 Equity -872 -17,683 30 Increases in equity -16,422 -26,120 31 Decreases in equity 15,550 8,437 32 Reinvested earnings (line 4 with sign reversed) -95,678 -57,690 33 Intercompany debt 14,334 -7,861 34 U.S. parents' receivables 1,262 -3,885 35 U.S. parents' payables 13,072 -3,976 36 Financial flows without current-cost adjustment -76,575 -77,615 37 Manufacturing -13,990 -10,902 38 Wholesale trade 4,201 -4,762 39 Finance (including depository institutions) and insurance -1,251 -2,206 40 Holding companies, except bank holding companies -40,885 -46,277 41 Other -16,247 -13,468 42 Equity -872 -17,683 43 Manufacturing -3,089 -2,898 44 Wholesale trade -360 -117 45 Finance (including depository institutions) and insurance 8,572 -1,606 46 Holding companies, except bank holding companies -4,484 -11,863 47 Other -1,510 -1,199 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -90,037 -52,071 49 Manufacturing -16,403 -11,200 50 Wholesale trade -5,598 -5,608 51 Finance (including depository institutions) and insurance -8,164 568 52 Holding companies, except bank holding companies -40,749 -20,648 53 Other -19,122 -15,183 54 Intercompany debt 14,334 -7,861 55 Manufacturing 5,502 3,196 56 Wholesale trade 1,757 963 57 Finance (including depository institutions) and insurance -1,659 -1,168 58 Holding companies, except bank holding companies 4,348 -13,766 59 Other 4,386 2,914 60 Royalties and license fees, net 16,678 16,768 61 U.S. parents' receipts (table 1, part of line 9) 18,553 18,687 62 U.S. parents' payments (table 1, part of line 26) -1,875 -1,919 63 Other private services, net -613 101 64 U.S. parents' receipts (table 1, part of line 10) 14,260 15,890 65 U.S. parents' payments (table 1, part of line 27) -14,874 -15,789 Foreign direct investment in the United States: 66 Income (table 1, line 31) -39,946 -36,272 67 Earnings -33,092 -29,457 68 Distributed earnings -10,722 -17,411 69 Reinvested earnings -22,370 -12,046 70 Reinvested earnings without current-cost adjustment -20,637 -10,330 71 Current-cost adjustment -1,733 -1,716 72 Interest -6,854 -6,815 73 U.S. affiliates' payments -7,996 -8,058 74 U.S. affiliates' receipts 1,142 1,243 75 Income without current-cost adjustment -38,213 -34,556 76 Manufacturing -18,633 -16,757 77 Wholesale trade -5,134 -2,841 78 Finance (including depository institutions) and insurance -1,365 -3,224 79 Other -13,082 -11,734 80 Earnings without current-cast adjustment (line 67 less line 71) -31,359 -27,741 81 Manufacturing -16,015 -14,178 82 Wholesale trade -4,830 -2,425 83 Finance (including depository institutions) and insurance -914 -2,864 84 Other -9,601 -8,274 85 Interest -6,854 -6,815 86 Manufacturing -2,618 -2,579 87 Wholesale trade -304 -416 88 Finance (including depository institutions) and insurance (1) -450 -360 89 Other -3,481 -3,460 90 Financial flows (table 1, line 64) 68,357 67,665 91 Equity 25,547 29,620 92 Increases in equity 35,875 43,322 93 Decreases in equity -10,328 -13,703 94 Reinvested earnings (line 69 with sign reversed) 22,370 12,046 95 Intercompany debt 20,440 25,999 96 U.S. affiliates' payables 7,075 16,563 97 U.S. affiliates' receivables 13,365 9,436 98 Financial flows without current-cost adjustment 66,624 65,949 99 Manufacturing 34,763 20,305 100 Wholesale trade -211 15,723 101 Finance (including depository institutions) and insurance 4,803 8,156 102 Other 27,269 21,765 103 Equity 25,547 29,620 104 Manufacturing 6,542 11,536 105 Wholesale trade -2,425 1,111 106 Finance (including depository institutions) and insurance 10,935 4,326 107 Other 10,495 12,647 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 20,637 10,330 109 Manufacturing 14,871 3,748 110 Wholesale trade 1,139 1,781 111 Finance (including depository institutions) and insurance 4,602 356 112 Other 8,230 4,445 113 Intercompany debt 20,440 25,999 114 Manufacturing 13,350 5,021 115 Wholesale trade 1,075 12,831 116 Finance (including depository institutions) and insurance (2) -2,530 3,474 117 Other 8,544 4,673 118 Royalties and license fees, net 4,688 4,031 119 U.S. affiliates' payments (table 1, part of line 26) -4,596 -5,227 120 U.S. affiliates' receipts (table 1, part of line 9) 908 1,196 121 Other private services, net 1,291 673 122 U.S. affiliates' payments (table 1, part of line 27) -6,184 -7,013 123 U.S. affiliates' receipts (table 1, part of line 10) 7,475 7,687 Not seasonally adjusted Line (Credits +; debits -) 2012 I (r) II (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 115,660 117,439 2 Earnings 113,794 115,497 3 Distributed earnings 23,865 21,390 4 Reinvested earnings 89,929 94,107 5 Reinvested earnings without current-cost adjustment 84,286 88,464 6 Current-cost adjustment 5,643 5,643 7 Interest 1,866 1,942 8 U.S. parents' receipts 2,441 2,514 9 U.S. parents' payments -576 -572 10 Income without current-cost adjustment 110,017 111,796 11 Manufacturing 17,028 18,022 12 Wholesale trade 7,426 7,811 13 Finance (including depository institutions) and insurance 11,997 10,863 14 Holding companies, except bank holding companies 51,753 53,045 15 Other 21,812 22,056 16 Earnings without current-cost adjustment (line 2 less line 6) 108,151 109,854 17 Manufacturing 16,878 17,898 18 Wholesale trade 7,330 7,722 19 Finance (including depository institutions) and insurance 11,912 10,710 20 Holding companies, except bank holding companies 50,686 51,960 21 Other 21,346 21,564 22 Interest 1,866 1,942 23 Manufacturing 150 123 24 Wholesale trade 96 89 25 Finance (including depository institutions) and insurance (1) 85 153 26 Holding companies, except bank holding companies 1,068 1,085 27 Other 466 492 28 Financial flows (table t, line 51) -124,436 -88,364 29 Equity -5,703 -13,555 30 Increases in equity -15,658 -17,455 31 Decreases in equity 9,955 3,899 32 Reinvested earnings (line 4 with sign reversed) -89,929 -94,107 33 Intercompany debt -28,804 19,299 34 U.S. parents' receivables -17,806 13,797 35 U.S. parents' payables -10,998 5,502 36 Financial flows without current-cost adjustment -118,793 -82,721 37 Manufacturing -26,301 -12,029 38 Wholesale trade -13,024 -7,336 39 Finance (including depository institutions) and insurance -12,624 -10,334 40 Holding companies, except bank holding companies 41,493 42,723 41 Other -25,350 -10,299 42 Equity -5,703 -13,555 43 Manufacturing -187 -1,084 44 Wholesale trade -36 -165 45 Finance (including depository institutions) and insurance -1,813 -1,475 46 Holding companies, except bank holding companies -224 -9,833 47 Other -3,443 -998 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -84,286 -88,464 49 Manufacturing -15,084 -15,008 50 Wholesale trade -6,423 -5,596 51 Finance (including depository institutions) and insurance -8,364 -8,540 52 Holding companies, except bank holding companies -37,529 -40,949 53 Other -16,886 -18,371 54 Intercompany debt -28,804 19,299 55 Manufacturing -11,030 4,064 56 Wholesale trade -6,566 -1,574 57 Finance (including depository institutions) and insurance -2,446 -318 58 Holding companies, except bank holding companies -3,739 8,058 59 Other -5,022 9,070 60 Royalties and license fees, net 15,386 15,879 61 U.S. parents' receipts (table 1, part of line 9) 17,253 17,825 62 U.S. parents' payments (table 1, part of line 26) -1,867 -1,945 63 Other private services, net 1,120 391 64 U.S. parents' receipts (table 1, part of line 10) 14,962 15,608 65 U.S. parents' payments (table 1, part of line 27) -13,842 -15,217 Foreign direct investment in the United States: 66 Income (table 1, line 31) -41,962 -39,144 67 Earnings -35,678 -32,479 68 Distributed earnings -8,671 -12,651 69 Reinvested earnings -27,007 -19,829 70 Reinvested earnings without current-cost adjustment -25,251 -18,066 71 Current-cost adjustment -1,756 -1,763 72 Interest -6,284 -6,665 73 U.S. affiliates' payments -7,425 -7,785 74 U.S. affiliates' receipts 1,141 1,120 75 Income without current-cost adjustment -40,206 -37,381 76 Manufacturing -17,145 -16,242 77 Wholesale trade -3,965 -4,407 78 Finance (including depository institutions) and insurance -7,052 -3,540 79 Other -12,044 -13,192 80 Earnings without current-cast adjustment (line 67 less line 71) -33,922 -30,716 81 Manufacturing -14,244 -13,364 82 Wholesale trade -3,532 -3,888 83 Finance (including depository institutions) and insurance -6,894 -3,400 84 Other -9,252 -10,065 85 Interest -6,284 -6,665 86 Manufacturing -2,901 -2,878 87 Wholesale trade 433 -520 88 Finance (including depository institutions) and insurance (1) -159 -140 89 Other -2,792 -3,127 90 Financial flows (table 1, line 64) 23,398 37,482 91 Equity 2,019 11,636 92 Increases in equity 15,340 18,046 93 Decreases in equity -13,320 -6,410 94 Reinvested earnings (line 69 with sign reversed) 27,007 19,829 95 Intercompany debt -5,628 6,018 96 U.S. affiliates' payables 7,349 14,733 97 U.S. affiliates' receivables -12,978 -8,715 98 Financial flows without current-cost adjustment 21,642 35,719 99 Manufacturing 4,194 18,099 100 Wholesale trade 7,844 3,673 101 Finance (including depository institutions) and insurance -5,065 5,212 102 Other 14,669 8,735 103 Equity 2,019 11,636 104 Manufacturing -39 5,875 105 Wholesale trade 866 -77 106 Finance (including depository institutions) and insurance -7,581 5,007 107 Other 8,773 831 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 25,251 18,066 109 Manufacturing 11,842 9,086 110 Wholesale trade 3,052 3,517 111 Finance (including depository institutions) and insurance 3,718 -1,022 112 Other 6,639 6,484 113 Intercompany debt -5,628 6,018 114 Manufacturing -7,609 3,138 115 Wholesale trade 3,926 233 116 Finance (including depository institutions) and insurance (2) -1,201 1,227 117 Other -744 1,420 118 Royalties and license fees, net 4,920 -3,926 119 U.S. affiliates' payments (table 1, part of line 26) -5,220 -5,287 120 U.S. affiliates' receipts (table 1, part of line 9) 1,300 1,362 121 Other private services, net 601 575 122 U.S. affiliates' payments (table 1, part of line 27) 4,528 -6,629 123 U.S. affiliates' receipts (table 1, part of line 10) 7,128 7,204 Seasonally adjusted Line (Credits +; debits -) 2011 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 118,621 123,417 2 Earnings 116,969 121,652 3 Distributed earnings 32,210 27,222 4 Reinvested earnings 84,759 94,430 5 Reinvested earnings without current-cost adjustment 79,024 88,749 6 Current-cost adjustment 5,735 5,681 7 Interest 1,652 1,765 8 U.S. parents' receipts 2,227 2,339 9 U.S. parents' payments -574 -574 10 Income without current-cost adjustment 112,886 117,736 11 Manufacturing 18,913 18,394 12 Wholesale trade 7,646 7,305 13 Finance (including depository institutions) and insurance 10,264 11,780 14 Holding companies, except bank holding companies 55,691 57,661 15 Other 20,373 22,596 16 Earnings without current-cost adjustment (line 2 less line 6) 111,234 115,971 17 Manufacturing 18,761 18,241 18 Wholesale trade 7,586 7,232 19 Finance (including depository institutions) and insurance 10,158 11,689 20 Holding companies, except bank holding companies 54,839 56,692 21 Other 19,890 22,117 22 Interest 1,652 1,765 23 Manufacturing 153 153 24 Wholesale trade 59 73 25 Finance (including depository institutions) and insurance (1) 106 91 26 Holding companies, except bank holding companies 851 969 27 Other 483 479 28 Financial flows (table t, line 51) -104,404 -133,397 29 Equity -2,121 -31,714 30 Increases in equity -12,925 -41,213 31 Decreases in equity 10,804 9,498 32 Reinvested earnings (line 4 with sign reversed) -84,759 -94,430 33 Intercompany debt -17,524 -7,252 34 U.S. parents' receivables -30,513 -18,792 35 U.S. parents' payables 12,990 11,539 36 Financial flows without current-cost adjustment -98,669 -127,716 37 Manufacturing -15,541 -17,844 38 Wholesale trade -5,524 -9,400 39 Finance (including depository institutions) and insurance -13,175 -8,485 40 Holding companies, except bank holding companies -50,998 -58,733 41 Other -13,431 -33,254 42 Equity -2,121 -31,714 43 Manufacturing -971 -3,324 44 Wholesale trade 1,012 -731 45 Finance (including depository institutions) and insurance -738 -3,222 46 Holding companies, except bank holding companies -2,123 -10,807 47 Other 699 -13,630 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -79,024 -88,749 49 Manufacturing -14,919 -12,094 50 Wholesale trade -6,292 -5,379 51 Finance (including depository institutions) and insurance -6,420 -7,293 52 Holding companies, except bank holding companies -37,735 -46,991 53 Other -13,659 -16,993 54 Intercompany debt -17,524 -7,252 55 Manufacturing 348 -2,426 56 Wholesale trade -244 -3,290 57 Finance (including depository institutions) and insurance -6,017 2,030 58 Holding companies, except bank holding companies -11,139 -935 59 Other -471 -2,630 60 Royalties and license fees, net 15,975 17,181 61 U.S. parents' receipts (table 1, part of line 9) 17,518 18,805 62 U.S. parents' payments (table 1, part of line 26) -1,543 -1,625 63 Other private services, net 1,108 879 64 U.S. parents' receipts (table 1, part of line 10) 14,603 14,754 65 U.S. parents' payments (table 1, part of line 27) -13,495 -13,874 Foreign direct investment in the United States: 66 Income (table 1, line 31) -39,891 -43,855 67 Earnings -33,922 -37,236 68 Distributed earnings -9,436 -12,068 69 Reinvested earnings -24,486 -25,168 70 Reinvested earnings without current-cost adjustment -22,656 -23,396 71 Current-cost adjustment -1,830 -1,772 72 Interest -5,970 -6,619 73 U.S. affiliates' payments -6,772 -7,767 74 U.S. affiliates' receipts 802 1,148 75 Income without current-cost adjustment -38,061 -42,083 76 Manufacturing -15,303 -15,493 77 Wholesale trade -3,407 -4,878 78 Finance (including depository institutions) and insurance -8,110 -9,052 79 Other -11,241 -12,660 80 Earnings without current-cast adjustment (line 67 less line 71) -32,092 -35,464 81 Manufacturing -13,005 -13,005 82 Wholesale trade -3,041 -4,366 83 Finance (including depository institutions) and insurance -7,804 -8,783 84 Other -8,242 -9,310 85 Interest -5,970 -6,619 86 Manufacturing -2,298 -2,488 87 Wholesale trade -366 -512 88 Finance (including depository institutions) and insurance (1) -307 -270 89 Other -2,999 -3,350 90 Financial flows (table 1, line 64) 33,365 61,281 91 Equity 7,576 30,481 92 Increases in equity 17,222 36,517 93 Decreases in equity -9,645 -6,036 94 Reinvested earnings (line 69 with sign reversed) 24,486 25,168 95 Intercompany debt 1,303 5,632 96 U.S. affiliates' payables 11,769 7,883 97 U.S. affiliates' receivables -10,466 -2,251 98 Financial flows without current-cost adjustment 31,535 59,509 99 Manufacturing 13,977 19,299 100 Wholesale trade 5,885 4,278 101 Finance (including depository institutions) and insurance 3,421 9,488 102 Other 8,251 26,443 103 Equity 7,576 30,481 104 Manufacturing 5,742 11,529 105 Wholesale trade 370 878 106 Finance (including depository institutions) and insurance 2,776 5,921 107 Other -1,312 12,153 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 22,656 23,396 109 Manufacturing 9,532 9,223 110 Wholesale trade 2,669 3,983 111 Finance (including depository institutions) and insurance 4,407 3,766 112 Other 6,048 6,424 113 Intercompany debt 1,303 5,632 114 Manufacturing -1,297 -1,453 115 Wholesale trade 2,846 -583 116 Finance (including depository institutions) and insurance (2) -3,761 -200 117 Other 3,515 7,867 118 Royalties and license fees, net 4,080 4,561 119 U.S. affiliates' payments (table 1, part of line 26) -5,088 4,437 120 U.S. affiliates' receipts (table 1, part of line 9) 1,008 875 121 Other private services, net 1,684 1,137 122 U.S. affiliates' payments (table 1, part of line 27) -5,774 -6,344 123 U.S. affiliates' receipts (table 1, part of line 10) 7,458 7,481 Seasonally adjusted Line (Credits +; debits -) 2011 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 119,106 119,094 2 Earnings 117,357 117,304 3 Distributed earnings 33,572 31,641 4 Reinvested earnings 83,786 85,664 5 Reinvested earnings without current-cost adjustment 78,145 80,045 6 Current-cost adjustment 5,641 5,619 7 Interest 1,748 1,789 8 U.S. parents' receipts 2,330 2,388 9 U.S. parents' payments -581 -599 10 Income without current-cost adjustment 113,465 113,475 11 Manufacturing 18,633 17,866 12 Wholesale trade 7,889 7,149 13 Finance (including depository institutions) and insurance 10,753 10,997 14 Holding companies, except bank holding companies 53,403 54,541 15 Other 22,786 22,922 16 Earnings without current-cost adjustment (line 2 less line 6) 111,716 111,685 17 Manufacturing 18,492 17,692 18 Wholesale trade 7,821 7,075 19 Finance (including depository institutions) and insurance 10,662 10,909 20 Holding companies, except bank holding companies 52,424 53,534 21 Other 22,318 22,476 22 Interest 1,748 1,789 23 Manufacturing 141 174 24 Wholesale trade 69 74 25 Finance (including depository institutions) and insurance (1) 92 88 26 Holding companies, except bank holding companies 978 1,007 27 Other 468 447 28 Financial flows (table t, line 51) -70,323 -111,208 29 Equity -872 -17,683 30 Increases in equity -16,422 -26,120 31 Decreases in equity 15,550 8,437 32 Reinvested earnings (line 4 with sign reversed) -83,786 -85,664 33 Intercompany debt 14,334 -7,861 34 U.S. parents' receivables 1,262 -3,885 35 U.S. parents' payables 13,072 -3,976 36 Financial flows without current-cost adjustment -64,682 -105,589 37 Manufacturing -11,563 -14,229 38 Wholesale trade -4,178 -5,172 39 Finance (including depository institutions) and insurance 1,349 -7,709 40 Holding companies, except bank holding companies -35,655 -62,199 41 Other -14,635 -16,280 42 Equity -872 -17,683 43 Manufacturing -3,089 -2,898 44 Wholesale trade -360 -117 45 Finance (including depository institutions) and insurance 8,572 -1,606 46 Holding companies, except bank holding companies -4,484 -11,863 47 Other -1,510 -1,199 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -78,145 -80,045 49 Manufacturing -13,976 -14,527 50 Wholesale trade -5,575 -6,017 51 Finance (including depository institutions) and insurance -5,564 -4,935 52 Holding companies, except bank holding companies -35,520 -36,570 53 Other -17,510 -17,995 54 Intercompany debt 14,334 -7,861 55 Manufacturing 5,502 3,196 56 Wholesale trade 1,757 963 57 Finance (including depository institutions) and insurance -1,659 -1,168 58 Holding companies, except bank holding companies 4,348 -13,766 59 Other 4,386 2,914 60 Royalties and license fees, net 16,669 16,305 61 U.S. parents' receipts (table 1, part of line 9) 18,544 18,224 62 U.S. parents' payments (table 1, part of line 26) -1,875 -1,919 63 Other private services, net -509 179 64 U.S. parents' receipts (table 1, part of line 10) 14,553 14,992 65 U.S. parents' payments (table 1, part of line 27) -15,063 -14,814 Foreign direct investment in the United States: 66 Income (table 1, line 31) -38,261 -36,552 67 Earnings -31,448 -30,283 68 Distributed earnings -14,213 -9,783 69 Reinvested earnings -17,235 -20,500 70 Reinvested earnings without current-cost adjustment -15,502 -18,784 71 Current-cost adjustment -1,733 -1,716 72 Interest -6,813 -6,268 73 U.S. affiliates' payments -7,955 -7,511 74 U.S. affiliates' receipts 1,142 1,243 75 Income without current-cost adjustment -36,528 -34,836 76 Manufacturing -16,911 -17,192 77 Wholesale trade -5,134 -2,841 78 Finance (including depository institutions) and insurance -1,365 -3,224 79 Other -13,119 -11,579 80 Earnings without current-cast adjustment (line 67 less line 71) -29,715 -28,567 81 Manufacturing -14,370 -15,005 82 Wholesale trade -4,830 -2,425 83 Finance (including depository institutions) and insurance -914 -2,864 84 Other -9,601 -8,274 85 Interest -6,813 -6,268 86 Manufacturing -2,541 -2,187 87 Wholesale trade -304 -416 88 Finance (including depository institutions) and insurance (1) 450 -360 89 Other -3,518 -3,305 90 Financial flows (table 1, line 64) 63,222 76,120 91 Equity 25,547 29,620 92 Increases in equity 35,875 43,322 93 Decreases in equity -10,328 -13,703 94 Reinvested earnings (line 69 with sign reversed) 17,235 20,500 95 Intercompany debt 20,440 25,999 96 U.S. affiliates' payables 7,075 16,563 97 U.S. affiliates' receivables 13,365 9,436 98 Financial flows without current-cost adjustment 61,489 74,404 99 Manufacturing 31,624 25,983 100 Wholesale trade -211 15,723 101 Finance (including depository institutions) and insurance 4,363 9,198 102 Other 25,713 23,500 103 Equity 25,547 29,620 104 Manufacturing 6,542 11,536 105 Wholesale trade -2,425 1,111 106 Finance (including depository institutions) and insurance 10,935 4,326 107 Other 10,495 12,647 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 15,502 18,784 109 Manufacturing 11,732 9,426 110 Wholesale trade 1,139 1,781 111 Finance (including depository institutions) and insurance -4,043 1,398 112 Other 6,673 6,180 113 Intercompany debt 20,440 25,999 114 Manufacturing 13,350 5,021 115 Wholesale trade 1,075 12,831 116 Finance (including depository institutions) and insurance (2) -2,530 3,474 117 Other 8,544 4,673 118 Royalties and license fees, net -3,927 -3,698 119 U.S. affiliates' payments (table 1, part of line 26) -4,834 -4,894 120 U.S. affiliates' receipts (table 1, part of line 9) 908 1,196 121 Other private services, net 1,217 573 122 U.S. affiliates' payments (table 1, part of line 27) -6,301 -6,491 123 U.S. affiliates' receipts (table 1, part of line 10) 7,518 7,064 Seasonally adjusted Line (Credits +; debits -) 2012 I (r) II (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 116,321 114,293 2 Earnings 114,456 112,351 3 Distributed earnings 32,869 27,378 4 Reinvested earnings 81,587 84,973 5 Reinvested earnings without current-cost adjustment 75,944 79,330 6 Current-cost adjustment 5,643 5,643 7 Interest 1,866 1,942 8 U.S. parents' receipts 2,441 2,514 9 U.S. parents' payments -576 -572 10 Income without current-cost adjustment 110,678 108,650 11 Manufacturing 17,837 17,522 12 Wholesale trade 7,880 7,533 13 Finance (including depository institutions) and insurance 11,970 10,134 14 Holding companies, except bank holding companies 51,180 51,405 15 Other 21,812 22,056 16 Earnings without current-cost adjustment (line 2 less line 6) 108,813 106,708 17 Manufacturing 17,686 17,399 18 Wholesale trade 7,783 7,445 19 Finance (including depository institutions) and insurance 11,885 9,981 20 Holding companies, except bank holding companies 50,112 50,320 21 Other 21,346 21,564 22 Interest 1,866 1,942 23 Manufacturing 150 123 24 Wholesale trade 96 89 25 Finance (including depository institutions) and insurance (1) 85 153 26 Holding companies, except bank holding companies 1,068 1,085 27 Other 466 492 28 Financial flows (table t, line 51) -116,094 -79,229 29 Equity -5,703 -13,555 30 Increases in equity -15,658 -17,455 31 Decreases in equity 9,955 3,899 32 Reinvested earnings (line 4 with sign reversed) -81,587 -84,973 33 Intercompany debt -28,804 19,299 34 U.S. parents' receivables -17,806 13,797 35 U.S. parents' payables -10,998 5,502 36 Financial flows without current-cost adjustment -110,451 -73,586 37 Manufacturing -25,696 -11,657 38 Wholesale trade -12,642 -7,057 39 Finance (including depository institutions) and insurance -11,461 -9,030 40 Holding companies, except bank holding companies -35,138 -36,610 41 Other -25,515 -9,231 42 Equity -5,703 -13,555 43 Manufacturing -187 -1,084 44 Wholesale trade -36 -165 45 Finance (including depository institutions) and insurance -1,813 -1,475 46 Holding companies, except bank holding companies -224 -9,833 47 Other -3,443 -998 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -75,944 -79,330 49 Manufacturing -14,479 -14,637 50 Wholesale trade -6,040 -5,317 51 Finance (including depository institutions) and insurance -7,201 -7,237 52 Holding companies, except bank holding companies -31,174 -34,836 53 Other -17,050 -17,303 54 Intercompany debt -28,804 19,299 55 Manufacturing -11,030 4,064 56 Wholesale trade -6,566 -1,574 57 Finance (including depository institutions) and insurance -2,446 -318 58 Holding companies, except bank holding companies -3,739 8,058 59 Other -5,022 9,070 60 Royalties and license fees, net 15,787 15,954 61 U.S. parents' receipts (table 1, part of line 9) 17,654 17,899 62 U.S. parents' payments (table 1, part of line 26) -1,867 -1,945 63 Other private services, net 643 628 64 U.S. parents' receipts (table 1, part of line 10) 15,450 15,718 65 U.S. parents' payments (table 1, part of line 27) -14,807 -15,091 Foreign direct investment in the United States: 66 Income (table 1, line 31) -45,585 -37,919 67 Earnings -38,556 -31,221 68 Distributed earnings -12,745 -15,395 69 Reinvested earnings -25,811 -15,826 70 Reinvested earnings without current-cost adjustment -24,055 -14,063 71 Current-cost adjustment -1,756 -1,763 72 Interest -7,029 -6,698 73 U.S. affiliates' payments -8,170 -7,818 74 U.S. affiliates' receipts 1,141 1,120 75 Income without current-cost adjustment -43,829 -36,156 76 Manufacturing -20,617 -15,061 77 Wholesale trade -3,965 -4,407 78 Finance (including depository institutions) and insurance -7,052 -3,540 79 Other -12,195 -13,147 80 Earnings without current-cast adjustment (line 67 less line 71) -36,800 -29,458 81 Manufacturing -17,122 -12,106 82 Wholesale trade -3,532 -3,888 83 Finance (including depository institutions) and insurance -6,894 -3,400 84 Other -9,252 -10,065 85 Interest -7,029 -6,698 86 Manufacturing -3,495 -2,956 87 Wholesale trade -433 -520 88 Finance (including depository institutions) and insurance (1) -159 -140 89 Other -2,943 -3,082 90 Financial flows (table 1, line 64) 22,202 33,479 91 Equity 2,019 11,636 92 Increases in equity 15,340 18,046 93 Decreases in equity -13,320 -6,410 94 Reinvested earnings (line 69 with sign reversed) 25,811 15,826 95 Intercompany debt -5,628 6,018 96 U.S. affiliates' payables 7,349 14,733 97 U.S. affiliates' receivables -12,978 -8,715 98 Financial flows without current-cost adjustment 20,446 31,716 99 Manufacturing 5,897 13,762 100 Wholesale trade 7,844 3,673 101 Finance (including depository institutions) and insurance -6,455 5,039 102 Other 13,159 9,242 103 Equity 2,019 11,636 104 Manufacturing -39 5,875 105 Wholesale trade 866 -77 106 Finance (including depository institutions) and insurance -7,581 5,007 107 Other 8,773 831 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 24,055 14,063 109 Manufacturing 13,545 4,749 110 Wholesale trade 3,052 3,517 111 Finance (including depository institutions) and insurance 2,328 -1,195 112 Other 5,130 6,991 113 Intercompany debt -5,628 6,018 114 Manufacturing -7,609 3,138 115 Wholesale trade 3,926 233 116 Finance (including depository institutions) and insurance (2) -1,201 1,227 117 Other -744 1,420 118 Royalties and license fees, net 4,994 4,965 119 U.S. affiliates' payments (table 1, part of line 26) -5,294 -5,327 120 U.S. affiliates' receipts (table 1, part of line 9) 1,300 1,362 121 Other private services, net 676 703 122 U.S. affiliates' payments (table 1, part of line 27) 4,779 4,828 123 U.S. affiliates' receipts (table 1, part of line 10) 7,455 7,531 Table 8. Transactions in Long-Term Securities [Millions of dollars] Line (Credits +; debits -) 2011 A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -146,797 2 Stocks, gross purchases by U.S. residents 4,058,569 3 Stocks, gross sales by U.S. residents 3,969,524 4 Stocks, net purchases by U.S. residents -89,045 5 New issues in the United States (1) n.a. 6 Transactions in outstanding stocks, net n.a. Net purchases by U.S. residents, by area: 7 Europe -25,067 8 Of which: United Kingdom -13,396 9 Canada -5,443 10 Caribbean financial centers (2) -35,903 11 Latin America, excluding Caribbean financial centers -5,931 12 Asia -15,100 13 Of which: Japan 4,246 14 Africa -1,267 15 Other -334 16 Bonds, gross purchases by U.S. residents 3,588,896 17 Bonds, gross sales by U.S. residents 3,531,144 18 Bonds, net purchases by U.S. residents -557,752 19 New issues in the United States (1) n.a. 20 Transactions in outstanding bonds, net n.a. Net purchases by U.S. residents, by area: 21 Europe -57,116 22 Of which: United Kingdom -69,861 23 Canada -33,586 24 Caribbean financial centers (2) 19,097 25 Latin America, excluding Caribbean financial centers -14,169 26 Asia 27,885 27 Of which: Japan -1,609 28 Africa -336 29 Other 473 B1 U.S. securities, excluding transactions in U.S. Treasury securities and transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, line 66 or lines 4 + 16 +30 below) -56,442 2 Stocks, gross purchases by foreign residents 7,694,549 3 Stocks, gross sales by foreign residents 7,682,151 4 Stocks, net purchases by foreign residents 12,398 Net purchases by foreign residents, by area: 5 Europe -36,934 6 Of which: United Kingdom 2,176 7 Canada 14,831 8 Caribbean financial centers (2) 30,486 9 Latin America, excluding Caribbean financial centers 860 10 Asia 1,996 11 Of which: Japan 3,067 12 Africa 801 13 Other 358 14 Corporate bonds, gross purchases by foreign residents 956,647 15 Corporate bonds, gross sales by foreign residents 1,025,487 16 Corporate bonds, net purchases by foreign residents -68,840 17 New issues sold abroad by U.S. corporations (1) n.a. 18 Transactions in outstanding bonds, net n.a. Net purchases by foreign residents, by area: 19 Europe -98,270 20 Of which: United Kingdom -50,976 21 Canada -823 22 Caribbean financial centers (2) 16,093 23 Latin America, excluding Caribbean financial centers 3,765 24 Asia 14,709 25 Of which: Japan 9,271 26 Africa -21 27 Other -4,293 28 Federally sponsored agency bonds, gross purchases by foreign residents 970,698 29 Federally sponsored agency bonds, gross sales by foreign residents 970,698 30 Federally sponsored agency bonds, net purchases by foreign residents (*) 31 New issues sold abroad by federally sponsored agencies (1) n.a. 32 Transactions in outstanding bonds, net n.a. Net purchases by foreign residents, by area: 33 Europe -16,036 34 Of which: United Kingdom 548 35 Canada 3,281 36 Caribbean financial centers (2) 5,838 37 Latin America, excluding Caribbean financial centers 6,586 38 Asia 627 39 Of which: Japan 15,927 40 Africa -221 41 Other -75 C1 U.S. Treasury bonds and notes, excluding transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, part of line 65) 199,483 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 16,679,789 3 U.S. Treasury bonds and notes, gross sales by foreign residents 16,480,306 Net purchases by foreign residents, by area: 4 Europe 156 5 Canada -4,043 6 Caribbean financial centers (2) 12,854 7 Latin America, excluding Caribbean financial centers -6,705 8 Asia 39,226 9 Africa 1,871 10 Other 273 Memoranda: Net purchases of marketable long-term U.S. securities by foreign official agencies included elsewhere in the] international transactions accounts, net purchases (+) or net sales (-) (lines in tables): 1 U.S. Treasury marketable bonds and notes (line B4) 274,493 2 Other U.S. government securities (line B6) -12,444 3 U.S. corporate and other bonds (part of line B16) -934 4 U.S. stocks (part of line B16) 14,952 Not seasonally adjusted Line (Credits +; debits -) 2011 I II A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -85,472 -57,195 2 Stocks, gross purchases by U.S. residents 1,115,382 1,041,556 3 Stocks, gross sales by U.S. residents 1,067,659 1,014,406 4 Stocks, net purchases by U.S. residents -47,723 -27,150 5 New issues in the United States (1) n.a. n.a. 6 Transactions in outstanding stocks, net n.a. n.a. Net purchases by U.S. residents, by area: 7 Europe -26,337 -2,604 8 Of which: United Kingdom -19,159 70 9 Canada -1,865 -372 10 Caribbean financial centers (2) 3,950 -20,403 11 Latin America, excluding Caribbean financial centers -4,670 320 12 Asia -18 -2,663 13 Of which: Japan -5,286 3,161 14 Africa 177 323 15 Other -1,153 -1,751 16 Bonds, gross purchases by U.S. residents 980,857 1,002,268 17 Bonds, gross sales by U.S. residents 943,108 972,223 18 Bonds, net purchases by U.S. residents -37,749 -30,045 19 New issues in the United States (1) n.a. n.a. 20 Transactions in outstanding bonds, net n.a. n.a. Net purchases by U.S. residents, by area: 21 Europe -38,199 -44,480 22 Of which: United Kingdom -28,228 -40,030 23 Canada -3,501 -8,892 24 Caribbean financial centers (2) 6,201 10,873 25 Latin America, excluding Caribbean financial centers -2,362 -3,442 26 Asia 2,618 12,813 27 Of which: Japan -4,247 1,335 28 Africa 729 -394 29 Other -3,235 3,477 B1 U.S. securities, excluding transactions in U.S. Treasury securities and transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, line 66 or lines 4 + 16 +30 below) 4,338 -5,108 2 Stocks, gross purchases by foreign residents 1,895,452 1,924,179 3 Stocks, gross sales by foreign residents 1,863,304 1,898,511 4 Stocks, net purchases by foreign residents 32,148 25,668 Net purchases by foreign residents, by area: 5 Europe 9,946 6,908 6 Of which: United Kingdom 12,238 5,819 7 Canada 4,147 9,949 8 Caribbean financial centers (2) 20,509 4,055 9 Latin America, excluding Caribbean financial centers 1,926 654 10 Asia -4,304 2,677 11 Of which: Japan -1,330 13 12 Africa 50 88 13 Other -126 1,337 14 Corporate bonds, gross purchases by foreign residents 289,671 276,332 15 Corporate bonds, gross sales by foreign residents 299,559 294,294 16 Corporate bonds, net purchases by foreign residents -9,888 -17,962 17 New issues sold abroad by U.S. corporations (1) n.a. n.a. 18 Transactions in outstanding bonds, net n.a. n.a. Net purchases by foreign residents, by area: 19 Europe -22,540 -26,327 20 Of which: United Kingdom -15,358 -16,537 21 Canada -70 -83 22 Caribbean financial centers (2) 8,157 1,110 23 Latin America, excluding Caribbean financial centers 1,776 278 24 Asia 3,337 6,163 25 Of which: Japan 2,305 2,695 26 Africa 45 9 27 Other -593 888 28 Federally sponsored agency bonds, gross purchases by foreign residents 216,628 208,974 29 Federally sponsored agency bonds, gross sales by foreign residents 234,550 221,788 30 Federally sponsored agency bonds, net purchases by foreign residents -17,922 -12,814 31 New issues sold abroad by federally sponsored agencies (1) n.a. n.a. 32 Transactions in outstanding bonds, net n.a. n.a. Net purchases by foreign residents, by area: 33 Europe 2,976 -20,684 34 Of which: United Kingdom 11,549 -17,229 35 Canada 1,173 2,080 36 Caribbean financial centers (2) -10,703 9,265 37 Latin America, excluding Caribbean financial centers 393 80 38 Asia -11,488 -3,255 39 Of which: Japan -2,057 2,981 40 Africa -43 -87 41 Other -230 -213 C1 U.S. Treasury bonds and notes, excluding transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, part of line 65) 55,835 595 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 4,387,827 4,351,236 3 U.S. Treasury bonds and notes, gross sales by foreign residents 4,331,992 4,350,641 Net purchases by foreign residents, by area: 4 Europe 54,202 20,940 5 Canada 8,536 -20,054 6 Caribbean financial centers (2) -9,205 3,988 7 Latin America, excluding Caribbean financial centers -13,933 6,129 8 Asia 16,211 -10,977 9 Africa 1,483 -57 10 Other -1,459 626 Memoranda: Net purchases of marketable long-term U.S. securities by foreign official agencies included elsewhere in the] international transactions accounts, net purchases (+) or net sales (-) (lines in tables): 1 U.S. Treasury marketable bonds and notes (line B4) 100,820 109,668 2 Other U.S. government securities (line B6) 11,445 -7,179 3 U.S. corporate and other bonds (part of line B16) -1,085 -2,010 4 U.S. stocks (part of line B16) 6,716 8,648 Not seasonally adjusted Line (Credits +; debits -) 2011 III IV A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -40,110 35,980 2 Stocks, gross purchases by U.S. residents 1,025,031 876,600 3 Stocks, gross sales by U.S. residents 1,002,229 885,230 4 Stocks, net purchases by U.S. residents -22,802 8,630 5 New issues in the United States (1) n.a. n.a. 6 Transactions in outstanding stocks, net n.a. n.a. Net purchases by U.S. residents, by area: 7 Europe -5,702 9,576 8 Of which: United Kingdom -1,874 7,567 9 Canada -4,436 1,230 10 Caribbean financial centers (2) -18,436 -1,014 11 Latin America, excluding Caribbean financial centers 169 -1,750 12 Asia 6,056 -668 13 Of which: Japan 6,028 343 14 Africa -1,659 -108 15 Other 1,206 1,364 16 Bonds, gross purchases by U.S. residents 812,382 793,389 17 Bonds, gross sales by U.S. residents 795,074 820,739 18 Bonds, net purchases by U.S. residents -17,308 27,350 19 New issues in the United States (1) n.a. n.a. 20 Transactions in outstanding bonds, net n.a. n.a. Net purchases by U.S. residents, by area: 21 Europe -3,521 29,084 22 Of which: United Kingdom -15,810 14,207 23 Canada -11,520 -9,673 24 Caribbean financial centers (2) -755 2,778 25 Latin America, excluding Caribbean financial centers -8,420 55 26 Asia 8,227 4,227 27 Of which: Japan 1,706 -403 28 Africa -495 -176 29 Other -824 1,055 B1 U.S. securities, excluding transactions in U.S. Treasury securities and transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, line 66 or lines 4 + 16 +30 below) -20,396 -35,276 2 Stocks, gross purchases by foreign residents 2,139,525 1,735,393 3 Stocks, gross sales by foreign residents 2,167,803 1,752,533 4 Stocks, net purchases by foreign residents -28,278 -17,140 Net purchases by foreign residents, by area: 5 Europe -35,533 -18,255 6 Of which: United Kingdom -10,024 -5,857 7 Canada 337 398 8 Caribbean financial centers (2) 2,837 3,085 9 Latin America, excluding Caribbean financial centers -1,259 -461 10 Asia 5,200 -1,577 11 Of which: Japan 4,493 -109 12 Africa -245 908 13 Other 385 -1,238 14 Corporate bonds, gross purchases by foreign residents 213,212 177,432 15 Corporate bonds, gross sales by foreign residents 222,948 208,686 16 Corporate bonds, net purchases by foreign residents -9,736 -31,254 17 New issues sold abroad by U.S. corporations (1) n.a. n.a. 18 Transactions in outstanding bonds, net n.a. n.a. Net purchases by foreign residents, by area: 19 Europe -14,083 -35,320 20 Of which: United Kingdom -75 -19,006 21 Canada -1,217 547 22 Caribbean financial centers (2) 5,929 897 23 Latin America, excluding Caribbean financial centers 647 1,064 24 Asia 364 4,845 25 Of which: Japan 501 3,770 26 Africa -87 12 27 Other -1,289 -3,299 28 Federally sponsored agency bonds, gross purchases by foreign residents 278,774 266,322 29 Federally sponsored agency bonds, gross sales by foreign residents 261,156 253,204 30 Federally sponsored agency bonds, net purchases by foreign residents 17,618 13,118 31 New issues sold abroad by federally sponsored agencies (1) n.a. n.a. 32 Transactions in outstanding bonds, net n.a. n.a. Net purchases by foreign residents, by area: 33 Europe -3 4,682 34 Of which: United Kingdom -641 6,869 35 Canada -14 42 36 Caribbean financial centers (2) 9,530 -2,254 37 Latin America, excluding Caribbean financial centers 2,140 3,973 38 Asia 8,818 6,552 39 Of which: Japan 10,383 4,620 40 Africa -18 -73 41 Other 172 196 C1 U.S. Treasury bonds and notes, excluding transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, part of line 65) 101,379 41,674 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 4,560,198 3,380,528 3 U.S. Treasury bonds and notes, gross sales by foreign residents 4,458,819 3,338,854 Net purchases by foreign residents, by area: 4 Europe 75,802 5,063 5 Canada 2,049 5,426 6 Caribbean financial centers (2) 18,426 -355 7 Latin America, excluding Caribbean financial centers -569 1,668 8 Asia 6,337 27,655 9 Africa 250 195 10 Other -916 2,022 Memoranda: Net purchases of marketable long-term U.S. securities by foreign official agencies included elsewhere in the] international transactions accounts, net purchases (+) or net sales (-) (lines in tables): 1 U.S. Treasury marketable bonds and notes (line B4) 53,811 10,194 2 Other U.S. government securities (line B6) -16,866 156 3 U.S. corporate and other bonds (part of line B16) 1,896 265 4 U.S. stocks (part of line B16) -664 252 Not seasonally adjusted Line (Credits +; debits -) 2012 I (r) II (p) A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) 3,604 5,537 2 Stocks, gross purchases by U.S. residents 945,740 881,122 3 Stocks, gross sales by U.S. residents 930,938 860,148 4 Stocks, net purchases by U.S. residents -14,802 -20,974 5 New issues in the United States (1) n.a. n.a. 6 Transactions in outstanding stocks, net n.a. n.a. Net purchases by U.S. residents, by area: 7 Europe -2,358 -15,082 8 Of which: United Kingdom -1,600 -15,899 9 Canada -570 -1,511 10 Caribbean financial centers (2) 2,094 -3,070 11 Latin America, excluding Caribbean financial centers -2,025 -442 12 Asia -11,612 250 13 Of which: Japan -2,486 -1,332 14 Africa -963 -335 15 Other 632 -784 16 Bonds, gross purchases by U.S. residents 952,456 924,408 17 Bonds, gross sales by U.S. residents 970,862 950,919 18 Bonds, net purchases by U.S. residents 18,406 26,511 19 New issues in the United States (1) n.a. n.a. 20 Transactions in outstanding bonds, net n.a. n.a. Net purchases by U.S. residents, by area: 21 Europe 32,726 -6,380 22 Of which: United Kingdom 25,939 -12,477 23 Canada -6,694 -5,133 24 Caribbean financial centers (2) -6,681 5,324 25 Latin America, excluding Caribbean financial centers -7,267 -367 26 Asia 7,667 20,602 27 Of which: Japan 2,740 740 28 Africa 561 1,095 29 Other -1,906, 11,370 B1 U.S. securities, excluding transactions in U.S. Treasury securities and transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, line 66 or lines 4 + 16 +30 below) 3,654 -43,174 2 Stocks, gross purchases by foreign residents 1,754,294, 1,771,458 3 Stocks, gross sales by foreign residents 1,735,411 1,780,038 4 Stocks, net purchases by foreign residents 18,883 -8,580 Net purchases by foreign residents, by area: 5 Europe 16 1,499 6 Of which: United Kingdom 9,807 4,064 7 Canada 2,886 2,291 8 Caribbean financial centers (2) 4,908 -12,630 9 Latin America, excluding Caribbean financial centers -106 627 10 Asia -5,643 281 11 Of which: Japan -5,568 -1,853 12 Africa 64 170 13 Other 908 -818 14 Corporate bonds, gross purchases by foreign residents 262,482 206,683 15 Corporate bonds, gross sales by foreign residents 277,314 240,012 16 Corporate bonds, net purchases by foreign residents -14,832 -33,329 17 New issues sold abroad by U.S. corporations (1) n.a. n.a. 18 Transactions in outstanding bonds, net n.a. n.a. Net purchases by foreign residents, by area: 19 Europe -20,673 -35,281 20 Of which: United Kingdom -15,784 -26,536 21 Canada -5,811 3,648 22 Caribbean financial centers (2) 6,395 -1,538 23 Latin America, excluding Caribbean financial centers 439 803 24 Asia 7,388 -415 25 Of which: Japan 4,389 -1,470 26 Africa 42 -67 27 Other -2,612 -479 28 Federally sponsored agency bonds, gross purchases by foreign residents 262,113 331,244 29 Federally sponsored agency bonds, gross sales by foreign residents 262,510 332,509 30 Federally sponsored agency bonds, net purchases by foreign residents -397 -1,265 31 New issues sold abroad by federally sponsored agencies (1) n.a. n.a. 32 Transactions in outstanding bonds, net n.a. n.a. Net purchases by foreign residents, by area: 33 Europe -6,679 -3,902 34 Of which: United Kingdom -619 -5,140 35 Canada -1,539 -165 36 Caribbean financial centers (2) -3,567 -2,198 37 Latin America, excluding Caribbean financial centers 1,777 1,727 38 Asia 9,564 2,899 39 Of which: Japan 6,109 4,208 40 Africa -2 6 41 Other 49 368 C1 U.S. Treasury bonds and notes, excluding transactions of foreign official agencies, net purchases (+) or net sales (-) by foreign residents (table 1, part of line 65) 56,501 21,172 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 3,762,454 3,632,336 3 U.S. Treasury bonds and notes, gross sales by foreign residents 3,705,953 3,611,164 Net purchases by foreign residents, by area: 4 Europe 7,923 26,221 5 Canada 18,053 7,553 6 Caribbean financial centers (2) -1,513 4,772 7 Latin America, excluding Caribbean financial centers 835 -2,749 8 Asia 29,297 -17,241 9 Africa 1,287 14 10 Other 619 2,602 Memoranda: Net purchases of marketable long-term U.S. securities by foreign official agencies included elsewhere in the] international transactions accounts, net purchases (+) or net sales (-) (lines in tables): 1 U.S. Treasury marketable bonds and notes (line B4) 85,762 77,233 2 Other U.S. government securities (line B6) 363 -14,145 3 U.S. corporate and other bonds (part of line B16) 296 -1,723 4 U.S. stocks (part of line B16) 456 5,344
U.S. international transactions: second quarter of 2012.
Scott, Sarah P.
Table 3. Private Services Transactions
[Millions of dollars]
Line 2011
1 Exports of private services 586,839
2 Travel (table 1, line 6) 116,115
3 Passenger fares (table 1, line 7) 36,631
Other transportation (table 1,
4 line 8) 43,064
5 Freight 21,730
6 Port services 21,334
Royalties and license fees
7 (table 1, line 9) 120,836
By type: 1
8 Industrial processes 2 44
9 Other (3) 76,884
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 73,091
U.S. affiliates' receipts from
11 their foreign parent groups 3,988
U.S. receipts from unaffiliated
12 foreigners 43,757
Other private services (table 1,
13 line 10) 270,193
By type: 1
14 Education 22,726
15 Financial services 74,055
16 Insurance services 15,477
17 Telecommunications 12,650
Business, professional, and
18 technical services 134,416
19 Other services (4) 10,870
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 58,902
U.S. affiliates' receipts from
21 their foreign parent groups 29,521
U.S. receipts from unaffiliated
22 foreigners 181,770
23 Imports of private services 393,065
24 Travel (table 1, line 23) 78,651
Passenger fares (table 1,
25 line 24) 31,109
Other transportation (table 1,
26 line 25) 54,711
27 Freight 40,337
28 Port services 14,374
Royalties and license fees
29 (table 1, line 26) 36,620
By type: 1
30 Industrial processes 2 22,633
31 Other (3) 13,987
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 6,962
U.S. affiliates' payments to
33 their foreign parent groups 19,253
U.S. payments to unaffiliated
34 foreigners 10,405
Other private services (table 1,
35 line 27) 191,973
By type: 1
36 Education 5,888
37 Financial services 16,207
38 Insurance services 56,619
39 Telecommunications 7,690
Business, professional, and
40 technical services 104,773
41 Other services (4) 797
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 57,245
U.S. affiliates' payments to
43 their foreign parent groups 24,910
U.S. payments to unaffiliated
44 foreigners 109,818
Supplemental detail on
insurance transactions:
45 Premiums received (5) 26,571
46 Actual losses paid 22,043
47 Premiums paid (5) 92,552
48 Actual losses recovered 60,443
Memoranda:
49 Balance on goods (table 1, line 72) -738,413
Balance on private services
50 (line 1 minus line 23) 194
Balance on goods and private
51 services (lines 49 and 50) -544,639
Not seasonally adjusted
Line 2011
I II
1 Exports of private services 140,041 144,187
2 Travel (table 1, line 6) 23,656 30,033
3 Passenger fares (table 1, line 7) 7,870 8,778
Other transportation (table 1,
4 line 8) 10,308 10,821
5 Freight 5,062 5,517
6 Port services 5,246 5,304
Royalties and license fees
7 (table 1, line 9) 28,719 30,410
By type: 1
8 Industrial processes 2 10,977 10,730
9 Other (3) 17,742 19,680
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 17,127 18,725
U.S. affiliates' receipts from
11 their foreign parent groups 1,008 875
U.S. receipts from unaffiliated
12 foreigners 10,584 10,809
Other private services (table 1,
13 line 10) 69,487 64,145
By type: 1
14 Education 9,345 2,756
15 Financial services 18,490 18,877
16 Insurance services 3,795 3,771
17 Telecommunications 3,057 3,138
Business, professional, and
18 technical services 32,142 32,903
19 Other services (4) 2,658 3
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 14,117 14,634
U.S. affiliates' receipts from
21 their foreign parent groups 7,129 7,231
U.S. receipts from unaffiliated
22 foreigners 48,241 42,281
23 Imports of private services 89,942 100,367
24 Travel (table 1, line 23) 16,469 22,193
Passenger fares (table 1,
25 line 24) 7,204 8,241
Other transportation (table 1,
26 line 25) 13,110 13,634
27 Freight 9,676 10
28 Port services 3,434 3,545
Royalties and license fees
29 (table 1, line 26) 8,941 8,451
By type: 1
30 Industrial processes 2 5,211 5,166
31 Other (3) 3,729 3,285
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 1,543 1,625
U.S. affiliates' payments to
33 their foreign parent groups 5,032 4,398
U.S. payments to unaffiliated
34 foreigners 2,365 2,428
Other private services (table 1,
35 line 27) 44,219 47,848
By type: 1
36 Education 1,113 1,495
37 Financial services 4,083 4,212
38 Insurance services 13,495 14,161
39 Telecommunications 1,973 1,871
Business, professional, and
40 technical services 23,355 25,909
41 Other services (4) 199 201
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 13 13,993
U.S. affiliates' payments to
43 their foreign parent groups 5,564 6,149
U.S. payments to unaffiliated
44 foreigners 26,065 27,707
Supplemental detail on
insurance transactions:
45 Premiums received (5) 6,577 6,438
46 Actual losses paid 8,870 4,427
47 Premiums paid (5) 21,284 22,845
48 Actual losses recovered 14,462 15,095
Memoranda:
49 Balance on goods (table 1, line 72) -159,451 -190,477
Balance on private services
50 (line 1 minus line 23) 50,098 43,820
Balance on goods and private
51 services (lines 49 and 50) -109,353 -146,657
Line 2011
III IV
1 Exports of private services 156,346 146,265
2 Travel (table 1, line 6) 35,289 27,137
3 Passenger fares (table 1, line 7) 10,843 9,139
Other transportation (table 1,
4 line 8) 11,025 10,910
5 Freight 5,572 5,579
6 Port services 5,453 5,331
Royalties and license fees
7 (table 1, line 9) 30,207 31,500
By type: 1
8 Industrial processes 2 11,069 11,175
9 Other (3) 19,137 20,325
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 18,553 18,687
U.S. affiliates' receipts from
11 their foreign parent groups 908 1,196
U.S. receipts from unaffiliated
12 foreigners 10,746 11,617
Other private services (table 1,
13 line 10) 68,982 67,578
By type: 1
14 Education 6,388 4,236
15 Financial services 19,012 17,676
16 Insurance services 3,895 4,017
17 Telecommunications 3,306 3,149
Business, professional, and
18 technical services 33,620 35,751
19 Other services (4) 3 2,750
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 14,260 15,890
U.S. affiliates' receipts from
21 their foreign parent groups 7,475 7,687
U.S. receipts from unaffiliated
22 foreigners 47,247 44,002
23 Imports of private services 104,120 98,635
24 Travel (table 1, line 23) 22,808 17,181
Passenger fares (table 1,
25 line 24) 8,229 7,435
Other transportation (table 1,
26 line 25) 14,148 13,819
27 Freight 10,445 10,127
28 Port services 3,703 3,692
Royalties and license fees
29 (table 1, line 26) 9,274 9,955
By type: 1
30 Industrial processes 2 5,958 6,298
31 Other (3) 3,316 3,657
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 1,875 1,919
U.S. affiliates' payments to
33 their foreign parent groups 4,596 5,227
U.S. payments to unaffiliated
34 foreigners 2,803 2,809
Other private services (table 1,
35 line 27) 49,661 50,246
By type: 1
36 Education 1,980 1,300
37 Financial services 3,906 4,006
38 Insurance services 14,869 14,094
39 Telecommunications 1,976 1,870
Business, professional, and
40 technical services 26,729 28,780
41 Other services (4) 201 196
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 14,874 15,789
U.S. affiliates' payments to
43 their foreign parent groups 6,194 7,013
U.S. payments to unaffiliated
44 foreigners 28,603 27,443
Supplemental detail on
insurance transactions:
45 Premiums received (5) 6,662 6,895
46 Actual losses paid 4,401 4,345
47 Premiums paid (5) 24,854 23,568
48 Actual losses recovered 15,459 15,427
Memoranda:
49 Balance on goods (table 1, line 72) -202,153 -186,332
Balance on private services
50 (line 1 minus line 23) 52,226 47,629
Balance on goods and private
51 services (lines 49 and 50) -149,927 -138,703
Line 2012
I (r) II (p)
1 Exports of private services 148,140 149,718
2 Travel (table 1, line 6) 27,179 32,301
3 Passenger fares (table 1, line 7) 9,204 9,577
Other transportation (table 1,
4 line 8) 10,699 11,044
5 Freight 5,276 5,613
6 Port services 5,423 5,431
Royalties and license fees
7 (table 1, line 9) 29,675 30,991
By type: 1
8 Industrial processes 2 11,026 11,393
9 Other (3) 18,649 19,598
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 17,253 17,825
U.S. affiliates' receipts from
11 their foreign parent groups 1,300 1,362
U.S. receipts from unaffiliated
12 foreigners 11,122 11,804
Other private services (table 1,
13 line 10) 71,382 65,805
By type: 1
14 Education 9,930 2,927
15 Financial services 17,712 17,725
16 Insurance services 3,895 3,943
17 Telecommunications 3,297 3,324
Business, professional, and
18 technical services 33,848 35,165
19 Other services (4) 2,700 2,721
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 14,962 15,608
U.S. affiliates' receipts from
21 their foreign parent groups 7,128 7,204
U.S. receipts from unaffiliated
22 foreigners 49,292 42,993
23 Imports of private services 96,027 105,608
24 Travel (table 1, line 23) 18,430 24,034
Passenger fares (table 1,
25 line 24) 8,263 9,446
Other transportation (table 1,
26 line 25) 13,337 13,837
27 Freight 9,952 10,371
28 Port services 3,385 3,466
Royalties and license fees
29 (table 1, line 26) 9,856 9,955
By type: 1
30 Industrial processes 2 6,134 6,402
31 Other (3) 3,722 3,553
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 1,867 1,945
U.S. affiliates' payments to
33 their foreign parent groups 5,220 5,287
U.S. payments to unaffiliated
34 foreigners 2,769 2,722
Other private services (table 1,
35 line 27) 46,140 48,336
By type: 1
36 Education 1,171 1,576
37 Financial services 3,915 3,973
38 Insurance services 13,203 13,311
39 Telecommunications 1,806 1,812
Business, professional, and
40 technical services 25,843 27,461
41 Other services (4) 204 205
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 13,842 15,217
U.S. affiliates' payments to
43 their foreign parent groups 6,528 6,629
U.S. payments to unaffiliated
44 foreigners 25,771 26,490
Supplemental detail on
insurance transactions:
45 Premiums received (5) 6,754 6,879
46 Actual losses paid 4,268 4,182
47 Premiums paid (5) 22 23
48 Actual losses recovered 15,042 14,369
Memoranda:
49 Balance on goods (table 1, line 72) -173,012 -189,344
Balance on private services
50 (line 1 minus line 23) 52,113 44,110
Balance on goods and private
51 services (lines 49 and 50) -120,899 -145,234
Seasonally adjusted
Line 2011
I II
1 Exports of private services 143,455 147,028
2 Travel (table 1, line 6) 27,407 29,260
3 Passenger fares (table 1, line 7) 8,374 9,080
Other transportation (table 1,
4 line 8) 10,520 10,760
5 Freight 5,225 5,453
6 Port services 5,295 5,307
Royalties and license fees
7 (table 1, line 9) 29,405 30,343
By type: 1
8 Industrial processes 2 10,977 10,730
9 Other (3) 18,427 19,613
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 17,518 18,805
U.S. affiliates' receipts from
11 their foreign parent groups 1,008 875
U.S. receipts from unaffiliated
12 foreigners 10,878 10,662
Other private services (table 1,
13 line 10) 67,749 67,585
By type: 1
14 Education 5,543 5,636
15 Financial services 18,490 18,877
16 Insurance services 3,795 3,771
17 Telecommunications 3,057 3,138
Business, professional, and
18 technical services 34,206 33,462
19 Other services (4) 2,658 2,701
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 114,603 14,754
U.S. affiliates' receipts from
21 their foreign parent groups 7,458 7,481
U.S. receipts from unaffiliated
22 foreigners 45,688 45,350
23 Imports of private services 94,984 97,522
24 Travel (table 1, line 23) 19,257 19,628
Passenger fares (table 1,
25 line 24) 7,542 7,698
Other transportation (table 1,
26 line 25) 13,439 14
27 Freight 9,909 10,214
28 Port services 3,530 3,522
Royalties and license fees
29 (table 1, line 26) 8,921 8,543
By type: 1
30 Industrial processes 2 5,232 5,175
31 Other (3) 3,689 3,369
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 1,543 1,625
U.S. affiliates' payments to
33 their foreign parent groups 5,088 4,437
U.S. payments to unaffiliated
34 foreigners 2,290 2,482
Other private services (table 1,
35 line 27) 45,825 47,916
By type: 1
36 Education 1,451 1,463
37 Financial services 4,083 4,212
38 Insurance services 13,495 14,161
39 Telecommunications 1,973 1,871
Business, professional, and
40 technical services 24,623 26,009
41 Other services (4) 199 201
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 13,495 13,874
U.S. affiliates' payments to
43 their foreign parent groups 5,774 6,344
U.S. payments to unaffiliated
44 foreigners 26,556 27,698
Supplemental detail on
insurance transactions:
45 Premiums received (5) 6,577 6,438
46 Actual losses paid 8,870 4,427
47 Premiums paid (5) 21,284 22,845
48 Actual losses recovered 14,462 15,095
Memoranda:
49 Balance on goods (table 1, line 72) -181,358 -187,184
Balance on private services
50 (line 1 minus line 23) 48,471 49,506
Balance on goods and private
51 services (lines 49 and 50) -132,887 -137,678
1 137,678
Line 2011
III IV
1 Exports of private services 150,217 146,137
2 Travel (table 1, line 6) 30,194 29,254
3 Passenger fares (table 1, line 7) 9,889 9,287
Other transportation (table 1,
4 line 8) 10,956 10,827
5 Freight 5,537 5,514
6 Port services 5,419 5,313
Royalties and license fees
7 (table 1, line 9) 31,055 30,033
By type: 1
8 Industrial processes 2 11,069 11,175
9 Other (3) 19,986 18,858
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 18,544 18,224
U.S. affiliates' receipts from
11 their foreign parent groups 908 1,196
U.S. receipts from unaffiliated
12 foreigners 11,603 10,614
Other private services (table 1,
13 line 10) 68,123 66,736
By type: 1
14 Education 5,732 5,815
15 Financial services 19,012 17,676
16 Insurance services 3,895 4,017
17 Telecommunications 3,306 3,149
Business, professional, and
18 technical services 33,418 33,330
19 Other services (4) 2,761 2,750
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 14,553 14,992
U.S. affiliates' receipts from
21 their foreign parent groups 7,518 7,064
U.S. receipts from unaffiliated
22 foreigners 46,052 44,680
23 Imports of private services 100,767 99,791
24 Travel (table 1, line 23) 19,895 19,871
Passenger fares (table 1,
25 line 24) 7,946 7,923
Other transportation (table 1,
26 line 25) 13,767 13,769
27 Freight 10,180 10,034
28 Port services 3,587 3,735
Royalties and license fees
29 (table 1, line 26) 9,503 9,652
By type: 1
30 Industrial processes 2 6,073 6,153
31 Other (3) 3,430 3,499
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 1,875 1,919
U.S. affiliates' payments to
33 their foreign parent groups 4,834 4,894
U.S. payments to unaffiliated
34 foreigners 2,794 2,840
Other private services (table 1,
35 line 27) 49,656 48,576
By type: 1
36 Education 1,475 1,498
37 Financial services 3,906 4,006
38 Insurance services 14,869 14,094
39 Telecommunications 1,976 1,870
Business, professional, and
40 technical services 27,229 26,912
41 Other services (4) 201 196
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 15,063 14,814
U.S. affiliates' payments to
43 their foreign parent groups 6,301 6,491
U.S. payments to unaffiliated
44 foreigners 28,292 27,271
Supplemental detail on
insurance transactions:
45 Premiums received (5) 6,662 6,895
46 Actual losses paid 4,401 4,345
47 Premiums paid (5) 24,854 23,568
48 Actual losses recovered 15,459 15,427
Memoranda:
49 Balance on goods (table 1, line 72) -180,617 -189,254
Balance on private services
50 (line 1 minus line 23) 49,450 46,346
Balance on goods and private
51 services (lines 49 and 50) -131,167 -142,908
Line 2012
I (r) 11 (p)
1 Exports of private services 150,759 152,382
2 Travel (table 1, line 6) 30,900 31,264
3 Passenger fares (table 1, line 7) 9,734 9,776
Other transportation (table 1,
4 line 8) 10,863 10,931
5 Freight 5,388 5,492
6 Port services 5,475 5,439
Royalties and license fees
7 (table 1, line 9) 30,429 30,935
By type: 1
8 Industrial processes 2 11,026 11,393
9 Other (3) 19,403 19,542
By affiliation:
U.S. parents' receipts from
10 their foreign affiliates 17,654 17,899
U.S. affiliates' receipts from
11 their foreign parent groups 1,300 1,362
U.S. receipts from unaffiliated
12 foreigners 11,475 11,674
Other private services (table 1,
13 line 10) 68,833 69,476
By type: 1
14 Education 5,892 5,988
15 Financial services 17,712 17,725
16 Insurance services 3,895 3,943
17 Telecommunications 3,297 3,324
Business, professional, and
18 technical services 35,336 35,775
19 Other services (4) 2,700 2,721
By affiliation:
U.S. parents' receipts from
20 their foreign affiliates 15,450 15,718
U.S. affiliates' receipts from
21 their foreign parent groups 7,455 7,531
U.S. receipts from unaffiliated
22 foreigners 45,928 46,227
23 Imports of private services 101,605 102,494
24 Travel (table 1, line 23) 21,228 21,387
Passenger fares (table 1,
25 line 24) 8,936 8,821
Other transportation (table 1,
26 line 25) 13,716 13,842
27 Freight 10 10,398
28 Port services 3,479 3,444
Royalties and license fees
29 (table 1, line 26) 9,859 10,040
By type: 1
30 Industrial processes 2 6,178 6,404
31 Other (3) 3,682 3,636
By affiliation:
U.S. parents' payments to
32 their foreign affiliates 1,867 1,945
U.S. affiliates' payments to
33 their foreign parent groups 5,294 5,327
U.S. payments to unaffiliated
34 foreigners 2,698 2,767
Other private services (table 1,
35 line 27) 48 48,404
By type: 1
36 Education 1,525 1,543
37 Financial services 3,915 3,973
38 Insurance services 13,203 13,311
39 Telecommunications 1,806 1,812
Business, professional, and
40 technical services 27,214 27,561
41 Other services (4) 204 205
By affiliation:
U.S. parents' payments to
42 their foreign affiliates 14,807 15,091
U.S. affiliates' payments to
43 their foreign parent groups 6,779 6,828
U.S. payments to unaffiliated
44 foreigners 26,280 26,485
Supplemental detail on
insurance transactions:
45 Premiums received (5) 6,754 6,879
46 Actual losses paid 4,268 4,182
47 Premiums paid (5) 22,288 22,844
48 Actual losses recovered 15,042 14,369
Memoranda:
49 Balance on goods (table 1, line 72) -194,298 -185,790
Balance on private services
50 (line 1 minus line 23) 49,154 49,889
Balance on goods and private
51 services (lines 49 and 50) -145,144 -135,901
Table 4. Investment Income
[Millions of dollars]
Line 2011
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 738,810
2 Direct investment receipts (table 1,
line 14) 480,238
3 Earnings 473,283
4 Interest 6,955
5 Other private receipts (table 1,
line 15) 256,649
6 Income on foreign securities 217,968
7 Dividends 137,315
8 Interest 80,653
9 Interest on claims reported by
banks and securities
brokers (1) 23,922
10 For own claims 20,941
11 For customers' claims 2,981
12 Interest on claims reported by
nonbanking concerns 14,760
13 U.S. government receipts (table 1,
line 16) (2) 1,923
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 503,796
15 Direct investment payments (table 1,
line 31) 158,559
16 Earnings 132,889
17 Interest 25,670
18 Other private payments (table 1,
line 32) 212,506
19 Income on U.S. corporate securities 191,403
20 Dividends 73,272
21 Interest 118,131
22 Interest on liabilities reported
by banks and securities
brokers (3) 13,845
23 For own liabilities 8,873
24 For customers' liabilities 4,973
25 Interest on liabilities reported
by nonbanking concerns 7,258
26 U.S. government payments (table 1,
line 33) (4) 132,731
Memorandum:
27 Balance on investment income (line 1
minus line 14) 235,013
Not seasonally
adjusted
Line 2011
I II
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 178,425 191,461
2 Direct investment receipts (table 1,
line 14) 117,784 126,836
3 Earnings 116,131 125,071
4 Interest 1,652 1,765
5 Other private receipts (table 1,
line 15) 60,262 64,123
6 Income on foreign securities 50,866 54,343
7 Dividends 31,141 34,338
8 Interest 19,725 20,005
9 Interest on claims reported by
banks and securities
brokers (1) 5,881 6,123
10 For own claims 5,038 5,411
11 For customers' claims 843 712
12 Interest on claims reported by
nonbanking concerns 3,515 3,658
13 U.S. government receipts (table 1,
line 16) (2) 379 502
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 122,119 131,175
15 Direct investment payments (table 1,
line 31) 37,147 45,195
16 Earnings 31,715 38,625
17 Interest 5,432 6,569
18 Other private payments (table 1,
line 32) 51,501 53,193
19 Income on U.S. corporate securities 46,501 47,969
20 Dividends 17,615 18,297
21 Interest 28,886 29,672
22 Interest on liabilities reported
by banks and securities
brokers (3) 3,343 3,421
23 For own liabilities 2,111 2,116
24 For customers' liabilities 1,232 1,305
25 Interest on liabilities reported
by nonbanking concerns 1,657 1,804
26 U.S. government payments (table 1,
line 33) (4) 33,471 32,787
Memorandum:
27 Balance on investment income (line 1
minus line 14) 56,306 60,286
Not seasonally
adjusted
Line 2011
III IV
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 187,182 181,742
2 Direct investment receipts (table 1,
line 14) 120,297 115,321
3 Earnings 118,549 113,532
4 Interest 1,748 1,789
5 Other private receipts (table 1,
line 15) 66,361 65,903
6 Income on foreign securities 57,039 55,721
7 Dividends 36,522 35,315
8 Interest 20,517 20,406
9 Interest on claims reported by
banks and securities
brokers (1) 5,643 6,276
10 For own claims 4,966 5,526
11 For customers' claims 677 750
12 Interest on claims reported by
nonbanking concerns 3,680 3,907
13 U.S. government receipts (table 1,
line 16) (2) 524 518
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 127,193 123,310
15 Direct investment payments (table 1,
line 31) 39,946 36,272
16 Earnings 33,092 29,457
17 Interest 6,854 6,815
18 Other private payments (table 1,
line 32) 54,157 53,655
19 Income on U.S. corporate securities 49,082 47,851
20 Dividends 19,122 18,239
21 Interest 29,961 29,613
22 Interest on liabilities reported
by banks and securities
brokers (3) 3,294 3,788
23 For own liabilities 2,109 2,537
24 For customers' liabilities 1,185 1,251
25 Interest on liabilities reported
by nonbanking concerns 1,781 2,016
26 U.S. government payments (table 1,
line 33) (4) 33,090 33,383
Memorandum:
27 Balance on investment income (line 1
minus line 14) 59,989 58,432
Not seasonally
adjusted
Line 2012
I (r) II (p)
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 182,429 187,741
2 Direct investment receipts (table 1,
line 14) 115,660 117,439
3 Earnings 113,794 115,497
4 Interest 1,866 1,942
5 Other private receipts (table 1,
line 15) 66,146 69,803
6 Income on foreign securities 56,615 61,114
7 Dividends 36,670 41,254
8 Interest 19,945 19,861
9 Interest on claims reported by
banks and securities
brokers (1) 5,906 5,207
10 For own claims 5,276 4,665
11 For customers' claims 630 543
12 Interest on claims reported by
nonbanking concerns 3,625 3,481
13 U.S. government receipts (table 1,
line 16) (2) 624 499
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 130,262 128,398
15 Direct investment payments (table 1,
line 31) 41,962 39,144
16 Earnings 35,678 32,479
17 Interest 6,284 6,665
18 Other private payments (table 1,
line 32) 55,396 56,528
19 Income on U.S. corporate securities 49,620 51,088
20 Dividends 20,551 21,994
21 Interest 29,069 29,095
22 Interest on liabilities reported
by banks and securities
brokers (3) 3,742 3,488
23 For own liabilities 2,453 2,298
24 For customers' liabilities 1,288 1,190
25 Interest on liabilities reported
by nonbanking concerns 2,035 1,952
26 U.S. government payments (table 1,
line 33) (4) 32,904 32,726
Memorandum:
27 Balance on investment income (line 1
minus line 14) 52,167 59,343
Seasonally adjusted
Line 2011
I II
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 179,328 188,047
2 Direct investment receipts (table 1,
line 14) 118,621 123,417
3 Earnings 116,969 121,652
4 Interest 1,652 1,765
5 Other private receipts (table 1,
line 15) 60,262 64,123
6 Income on foreign securities 50,866 54,343
7 Dividends 31,141 34,338
8 Interest 19,725 20,005
9 Interest on claims reported by
banks and securities
brokers (1) 5,881 6,123
10 For own claims 5,038 5,411
11 For customers' claims 843 712
12 Interest on claims reported by
nonbanking concerns 3,515 3,658
13 U.S. government receipts (table 1,
line 16) (2) 445 506
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 124,863 129,835
15 Direct investment payments (table 1,
line 31) 39,891 43,855
16 Earnings 33,922 37,236
17 Interest 5,970 6,619
18 Other private payments (table 1,
line 32) 51,501 53,193
19 Income on U.S. corporate securities 46,501 47,969
20 Dividends 17,615 18,297
21 Interest 28,886 29,672
22 Interest on liabilities reported
by banks and securities
brokers (3) 3,343 3,421
23 For own liabilities 2,111 2,116
24 For customers' liabilities 1,232 1,305
25 Interest on liabilities reported
by nonbanking concerns 1,657 1,804
26 U.S. government payments (table 1,
line 33) (4) 33,471 32,787
Memorandum:
27 Balance on investment income (line 1
minus line 14) 54,465 58,212
Seasonally adjusted
Line 2011
III IV
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 185,994 185,441
2 Direct investment receipts (table 1,
line 14) 119,106 119,094
3 Earnings 117,357 117,304
4 Interest 1,748 1,789
5 Other private receipts (table 1,
line 15) 66,361 65,903
6 Income on foreign securities 57,039 55,721
7 Dividends 36,522 35,315
8 Interest 20,517 20,406
9 Interest on claims reported by
banks and securities
brokers (1) 5,643 6,276
10 For own claims 4,966 5,526
11 For customers' claims 677 750
12 Interest on claims reported by
nonbanking concerns 3,680 3,907
13 U.S. government receipts (table 1,
line 16) (2) 527 444
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 125,508 123,590
15 Direct investment payments (table 1,
line 31) 38,261 36,552
16 Earnings 31,448 30,283
17 Interest 6,813 6,268
18 Other private payments (table 1,
line 32) 54,157 53,655
19 Income on U.S. corporate securities 49,082 47,851
20 Dividends 19,122 18,239
21 Interest 29,961 29,613
22 Interest on liabilities reported
by banks and securities
brokers (3) 3,294 3,788
23 For own liabilities 2,109 2,537
24 For customers' liabilities 1,185 1,251
25 Interest on liabilities reported
by nonbanking concerns 1,781 2,016
26 U.S. government payments (table 1,
line 33) (4) 33,090 33,383
Memorandum:
27 Balance on investment income (line 1
minus line 14) 60,486 61,851
Seasonally adjusted
Line 2012
I (r) II (p)
1 Income receipts on U.S. owned assets
abroad (table 1, line 13) 183,230 184,595
2 Direct investment receipts (table 1,
line 14) 116,321 114,293
3 Earnings 114,456 112,351
4 Interest 1,866 1,942
5 Other private receipts (table 1,
line 15) 66,146 69,803
6 Income on foreign securities 56,615 61,114
7 Dividends 36,670 41,254
8 Interest 19,945 19,861
9 Interest on claims reported by
banks and securities
brokers (1) 5,906 5,207
10 For own claims 5,276 4,665
11 For customers' claims 630 543
12 Interest on claims reported by
nonbanking concerns 3,625 3,481
13 U.S. government receipts (table 1,
line 16) (2) 763 499
14 Income payments on foreign-owned assets
in the United States (table 1,
line 30) 133,885 127,173
15 Direct investment payments (table 1,
line 31) 45,585 37,919
16 Earnings 38,556 31,221
17 Interest 7,029 6,698
18 Other private payments (table 1,
line 32) 55,396 56,528
19 Income on U.S. corporate securities 49,620 51,088
20 Dividends 20,551 21,994
21 Interest 29,069 29,095
22 Interest on liabilities reported
by banks and securities
brokers (3) 3,742 3,488
23 For own liabilities 2,453 2,298
24 For customers' liabilities 1,288 1,190
25 Interest on liabilities reported
by nonbanking concerns 2,035 1,952
26 U.S. government payments (table 1,
line 33) (4) 32,904 32,726
Memorandum:
27 Balance on investment income (line 1
minus line 14) 49,345 57,422
Table 5. U.S. Official Reserve Assets and Foreign Official Assets in
the United States
[Millions of dollars]
Not seasonally adjusted
Line (Credits +; decrease 2011 2011
in U.S. assets or
increase in
foreign assets.
Debits -; increase I II
in U.S. assets or
decrease in
foreign assets.)
A1 U.S. official reserve
assets, net
(table 1, line 41) -15,877 -3,619 -6,267
2 Gold (table 1,
line 42) 0 0 0
3 Special drawing
rights (table 1,
line 43) 1,752 1,961 -159
4 Reserve position in
the International
Monetary Fund
(table 1, line 44) -18,079 -6,428 -5,974
5 Foreign currencies
(table 1, line 45) 450 848 -134
B1 Foreign official assets
in the United
States, net
(table 1, line 56) 211,826 72,974 121,822
By instrument:
2 U.S. Treasury
securities
(table 1,
line 58) 171,179 56,274 104,363
3 Bills and
certificates -103,432 -44,574 -5,335
4 Bonds and notes,
marketable 274,493 100,820 109,668
5 Bonds and notes,
nonmarketable 118 28 30
6 Other U.S.
government
securities
(table 1, line 59) -12,444 11,445 -7,179
7 Other U.S.
government
liabilities
(table 1, line 60) 9,063 2,714 2,236
8 U.S. liabilities
reported by U.S.
banks and
securities
brokers (table
1, line 61) 30,010 -3,090 15,764
9 Liabilities for
own accounts
(1) 42,762 628 12,578
10 Repurchase
agreements 41,101 7,350 4,198
11 Deposits and
brokerage
balances (2) 5,151 -1,073 7,768
12 Other
liabilities -3,490 -5,649 612
13 Liabilities for
customers'
accounts (1) -12,752 -3,718 3,186
14 Negotiable
certificates
of deposit
and other
short-term
instruments -12,751 -3,718 3,187
15 Other
liabilities -1 (*) -1
16 Other foreign
official assets
(table 1, line 62) 14,018 5,631 6,638
By area:
17 Europe 38,811 23,443 21,041
18 Canada 3,872 -212 3,777
19 Latin America and
Caribbean 49,694 26,680 18,074
20 Asia 127,278 29,076 72,931
21 Africa -11,843 -2,296 1,148
22 Other 4,014 -3,717 4,851
Not seasonally adjusted
Line (Credits +; decrease 2011
in U.S. assets or
increase in
foreign assets.
Debits -; increase III IV
in U.S. assets or
decrease in
foreign assets.)
A1 U.S. official reserve
assets, net
(table 1, line 41) -4,079 -1,912
2 Gold (table 1,
line 42) 0 0
3 Special drawing
rights (table 1,
line 43) -27 -23
4 Reserve position in
the International
Monetary Fund
(table 1, line 44) -3,909 -1,768
5 Foreign currencies
(table 1, line 45) -143 -121
B1 Foreign official assets
in the United
States, net
(table 1, line 56) 19,889 -2,859
By instrument:
2 U.S. Treasury
securities
(table 1,
line 58) 28,115 -17,573
3 Bills and
certificates -25,726 -27,797
4 Bonds and notes,
marketable 53,811 10,194
5 Bonds and notes,
nonmarketable 30 30
6 Other U.S.
government
securities
(table 1, line 59) -16,866 156
7 Other U.S.
government
liabilities
(table 1, line 60) 2,287 1,826
8 U.S. liabilities
reported by U.S.
banks and
securities
brokers (table
1, line 61) 5,121 12,215
9 Liabilities for
own accounts
(1) 8,708 20,848
10 Repurchase
agreements 12,123 17,430
11 Deposits and
brokerage
balances (2) -4,856 3,312
12 Other
liabilities 1,441 106
13 Liabilities for
customers'
accounts (1) -3,587 -8,633
14 Negotiable
certificates
of deposit
and other
short-term
instruments -3,587 -8,633
15 Other
liabilities (*) (*)
16 Other foreign
official assets
(table 1, line 62) 1,232 517
By area:
17 Europe 37,333 -43,006
18 Canada -2,001 2,308
19 Latin America and
Caribbean -810 5,750
20 Asia -12,181 37,452
21 Africa -7 -3,635
22 Other 4,608 -1,728
Not seasonally adjusted
Amounts
Line (Credits +; decrease 2012 out-
in U.S. assets or standing
increase in June 30,
foreign assets.
Debits -; increase I (r) II (p) 2012
in U.S. assets or
decrease in
foreign assets.)
A1 U.S. official reserve
assets, net
(table 1, line 41) -1,233 -3,289 556,620
2 Gold (table 1,
line 42) 0 0 418,006
3 Special drawing
rights (table 1,
line 43) -11 -10 54,341
4 Reserve position in
the International
Monetary Fund
(table 1, line 44) -1,078 -3,179 33,930
5 Foreign currencies
(table 1, line 45) -144 -100 50,343
B1 Foreign official assets
in the United
States, net
(table 1, line 56) 69,711 83,010 5,446,436
By instrument:
2 U.S. Treasury
securities
(table 1,
line 58) 85,068 84,870 3,820,294
3 Bills and
certificates -724 7,606 366,603
4 Bonds and notes,
marketable 85,762 77,233 3,452,104
5 Bonds and notes,
nonmarketable 30 31 1,587
6 Other U.S.
government
securities
(table 1, line 59) 363 -14,145 609,996
7 Other U.S.
government
liabilities
(table 1, line 60) 2,833 2,682 124,248
8 U.S. liabilities
reported by U.S.
banks and
securities
brokers (table
1, line 61) -19,305 5,982 196,406
9 Liabilities for
own accounts
(1) -19,636 9,591 185,597
10 Repurchase
agreements -3,161 892 127,866
11 Deposits and
brokerage
balances (2) -10,349 6,565 51,909
12 Other
liabilities -6,126 2,134 5,822
13 Liabilities for
customers'
accounts (1) 331 -3,609 10,809
14 Negotiable
certificates
of deposit
and other
short-term
instruments 331 -3,609 10,776
15 Other
liabilities (*) (*) 33
16 Other foreign
official assets
(table 1, line 62) 752 3,621 695,492
By area:
17 Europe 10,712 33,045 788,398
18 Canada -535 -695 25,243
19 Latin America and
Caribbean 7,983 24,414 458,633
20 Asia 53,413 22,047 4,037,369
21 Africa -3,308 3,131 44,750
22 Other 1,446 1,068 92,043
Table 6. Selected U.S. Government Transactions
[Millions of dollars]
Not seasonally
adjusted
Line 2011 2011
I II
Al U.S. government grants and
transactions increasing
government assets, total 155,507 12,321 16,931
By category
2 Grants, net 48,508 11,165 14,315
3 U.S. government current
grants, net (table 1,
line 36, with sign
reversed) 47,350 11,136 13,486
4 Financing military
purchases (1) 17,043 3,835 6,302
5 Other grants 30,307 7,302 7,184
Cash contributions
received from
coalition partners
for Persian Gulf
6 operations ... ... ...
Debt forgiveness (table
1, part of line 39,
7 with sign reversed) 1,158 29 829
8 Credits and other long-term
assets (table 1, line
47, with sign reversed) 7,307 1,307 2,337
9 Capital subscriptions and
contributions to
international financial
institutions, excluding
IMF 2,565 569 1,460
10 Credits repayable in U.S.
dollars 4,742 738 877
11 Credits repayable in
other than U.S. dollars 0 0 0
12 Other long-term assets 0 0 0
13 Foreign currency holdings
and short-term assets,
net (table 1, line 49
with sign reversed) 99,692 -150 279
14 Foreign currency holdings
(excluding
administrative cash
holdings), net 0 0 0
Receipts from:
15 Sales of agricultural
commodities 0 0 0
16 Interest 0 0 0
17 Repayments of
principal 0 0 0
18 Reverse grants 0 0 0
19 Other sources 0 0 0
Less currencies
disbursed for:
20 Grants and credits in
the recipient's
currency 0 0 0
21 Other grants and
credits 0 0 0
22 Other U.S. government
expenditures 0 0 0
23 Assets acquired in
performance of U.S.
government guarantee
and insurance
obligations, net -113 -112 -12
24 Other assets held under
Commodity Credit
Corporation Charter
Act, net 0 0 0
25 Assets financing military
sales contracts,
net (2) 0 0 0
26 Other short-term assets
(including changes in
administrative cash
holdings), net (9) 99,806 -39 291
By program
27 Capital subscriptions and
contributions to
international financial
institutions, excluding
IMF 2,565 569 1,460
28 Under Agricultural Trade
Development and Assistance
Act and related programs 1,785 452 444
29 Under Foreign Assistance
Act and related programs 44,105 10,363 12,642
30 Under Export-Import Bank
Act 4,733 418 1,612
31 Under Commodity Credit
Corporation Charter Act 63 50 1
32 Under other grant and
credit programs 2,451 508 480
33 Other foreign currency
assets acquired (lines
A16, A17, and A19) 0 0 0
34 Less foreign currencies
used by U.S. government
other than for grants or
credits (line A22) 0 0 0
35 Other (including changes
in administrative cash
holdings), net (9) 99,806 -39 291
By disposition (3)
36 Estimated transactions
involving no direct
dollar outflow from the
United States 39,588 8,587 12,036
37 Expenditures on U.S.
goods 10,582 1,708 3,370
38 Expenditures on U.S.
services (4) 11,865 2,860 2,837
39 Financing of military
sales contracts by
U.S. government (5)
(line C6) 15,740 3,834 5,003
40 By long-term credits 0 0 0
41 By short-term
credits (1) 0 0 0
42 By grants (1) 15,740 3,834 5,003
43 U.S. government grants
and credits to repay
prior U.S. government
credits (1 4) 1,475 265 831
44 U.S. government long--and
short-term credits to
repay prior U.S.
private credits s and
other assets -59 -79 6
45 Increase in liabilities
associated with U.S.
government grants and
transactions increasing
government assets
(including changes in
retained accounts) (7)
(line C11) 0 0 0
46 Less receipts on short-
term U.S. government
assets (a) financing
military sales
contracts (1) (b)
financing repayment of
private credits and
other assets, and (c)
financing expenditures
on U.S. goads 14 2 11
47 Less foreign currencies
used by U.S. government
other than for grants
or credits (line A22) 0 0 0
48 Estimated dollar payments
to foreign countries and
international financial
institutions (9) 115,919 3,735 4,895
B1 Repayments on U.S. government
long-term assets, total
(table 1, line 48) 3,333 610 1,259
2 Receipts of principal on
U.S. government credits 3,333 610 1,259
3 Under Agricultural Trade
Development and
Assistance Act and
related programs 403 76 48
4 Under Foreign Assistance
Act and related
programs 1,289 406 160
5 Under Export-Import
Bank Act 1,608 119 1,043
6 Under Commodity Credit
Corporation Charter Act 33 8 8
7 Under other credit
programs 0 0 0
8 Receipts on other long-
term assets 0 0 0
C1 U.S. government liabilities
other than securities,
total, net increase (+)
(table 1, line 60) 9,063 2,714 2,236
2 Associated with military
sales contracts (2) 9,063 2,714 2,236
3 U.S. government cash
receipts from foreign
governments (including
principal repayments
on credits financing
military sales
contracts), net of
refunds (1) 20,568 5,499 4,188
4 Less U.S. government
receipts from principal
repayments 64 21 3
5 Less U.S. Treasury
securities issued in
connection with
prepayments for
military purchases in
the United States -300 -200 -100
6 Plus financing of
military sales
contracts by U.S.
government (5)
(line A39) 15,740 3,834 5,003
7 By long-term credits 0 0 0
8 By short-term credits (1) 0 0 0
9 By grants (1) 15,740 3,834 5,003
10 Less transfers of goods
and services (including
transfers financed by
grants for military
purchases, and by
credits) (1 2) (table
1, line 5 and part of
table 1, line 3) 27,480 6,799 7,053
11 Associated with U.S.
government grants and
transactions increasing
Government assets
(including changes in
retained accounts) (7)
(line A45) 0 0 0
12 Associated with other
liabilities 0 0 0
13 Sales of nuclear material
by Department of
Energy/U.S. Enrichment
Corporation (8)
14 Sales of space launch and
other services by
National Aeronautics
and Space
Administration 0 0 0
15 Other sales and
miscellaneous
operations (10) 0 0 0
Not seasonally
adjusted
Line 2011
III IV
Al U.S. government grants and
transactions increasing
government assets, total 13,426 112,830
By category
2 Grants, net 11,476 11,552
3 U.S. government current
grants, net (table 1,
line 36, with sign
reversed) 11,176 11,551
4 Financing military
purchases (1) 3,166 3,741
5 Other grants 8,010 7,811
Cash contributions
received from
coalition partners
for Persian Gulf
6 operations ... ...
Debt forgiveness (table
1, part of line 39,
7 with sign reversed) 300 1
8 Credits and other long-term
assets (table 1, line
47, with sign reversed) 1,396 2,267
9 Capital subscriptions and
contributions to
international financial
institutions, excluding
IMF 426 109
10 Credits repayable in U.S.
dollars 970 2,158
11 Credits repayable in
other than U.S. dollars 0 0
12 Other long-term assets 0 0
13 Foreign currency holdings
and short-term assets,
net (table 1, line 49
with sign reversed) 553 99,010
14 Foreign currency holdings
(excluding
administrative cash
holdings), net 0 0
Receipts from:
15 Sales of agricultural
commodities 0 0
16 Interest 0 0
17 Repayments of
principal 0 0
18 Reverse grants 0 0
19 Other sources 0 0
Less currencies
disbursed for:
20 Grants and credits in
the recipient's
currency 0 0
21 Other grants and
credits 0 0
22 Other U.S. government
expenditures 0 0
23 Assets acquired in
performance of U.S.
government guarantee
and insurance
obligations, net 7 4
24 Other assets held under
Commodity Credit
Corporation Charter
Act, net 0 0
25 Assets financing military
sales contracts,
net (2) 0 0
26 Other short-term assets
(including changes in
administrative cash
holdings), net (9) 546 99,007
By program
27 Capital subscriptions and
contributions to
international financial
institutions, excluding
IMF 426 109
28 Under Agricultural Trade
Development and Assistance
Act and related programs 444 445
29 Under Foreign Assistance
Act and related programs 10,445 10,655
30 Under Export-Import Bank
Act 704 1,998
31 Under Commodity Credit
Corporation Charter Act 8 4
32 Under other grant and
credit programs 852 612
33 Other foreign currency
assets acquired (lines
A16, A17, and A19) 0 0
34 Less foreign currencies
used by U.S. government
other than for grants or
credits (line A22) 0 0
35 Other (including changes
in administrative cash
holdings), net (9) 546 99,007
By disposition (3)
36 Estimated transactions
involving no direct
dollar outflow from the
United States 8,695 10,270
37 Expenditures on U.S.
goods 2,104 3,400
38 Expenditures on U.S.
services (4) 3,050 3,118
39 Financing of military
sales contracts by
U.S. government (5)
(line C6) 3,161 3,741
40 By long-term credits 0 0
41 By short-term
credits (1) 0 0
42 By grants (1) 3,161 3,741
43 U.S. government grants
and credits to repay
prior U.S. government
credits (1 4) 371 7
44 U.S. government long--and
short-term credits to
repay prior U.S.
private credits s and
other assets 11 4
45 Increase in liabilities
associated with U.S.
government grants and
transactions increasing
government assets
(including changes in
retained accounts) (7)
(line C11) 0 0
46 Less receipts on short-
term U.S. government
assets (a) financing
military sales
contracts (1) (b)
financing repayment of
private credits and
other assets, and (c)
financing expenditures
on U.S. goads 1 0
47 Less foreign currencies
used by U.S. government
other than for grants
or credits (line A22) 0 0
48 Estimated dollar payments
to foreign countries and
international financial
institutions (9) 4,730 102,560
B1 Repayments on U.S. government
long-term assets, total
(table 1, line 48) 812 653
2 Receipts of principal on
U.S. government credits 812 653
3 Under Agricultural Trade
Development and
Assistance Act and
related programs 113 165
4 Under Foreign Assistance
Act and related
programs 562 162
5 Under Export-Import
Bank Act 125 321
6 Under Commodity Credit
Corporation Charter Act 12 5
7 Under other credit
programs 0 0
8 Receipts on other long-
term assets 0 0
C1 U.S. government liabilities
other than securities,
total, net increase (+)
(table 1, line 60) 2,287 1,826
2 Associated with military
sales contracts (2) 2,287 1,826
3 U.S. government cash
receipts from foreign
governments (including
principal repayments
on credits financing
military sales
contracts), net of
refunds (1) 6,357 4,524
4 Less U.S. government
receipts from principal
repayments 37 3
5 Less U.S. Treasury
securities issued in
connection with
prepayments for
military purchases in
the United States 0 0
6 Plus financing of
military sales
contracts by U.S.
government (5)
(line A39) 3,161 3,741
7 By long-term credits 0 0
8 By short-term credits (1) 0 0
9 By grants (1) 3,161 3,741
10 Less transfers of goods
and services (including
transfers financed by
grants for military
purchases, and by
credits) (1 2) (table
1, line 5 and part of
table 1, line 3) 7,193 6,436
11 Associated with U.S.
government grants and
transactions increasing
Government assets
(including changes in
retained accounts) (7)
(line A45) 0 0
12 Associated with other
liabilities 0 0
13 Sales of nuclear material
by Department of
Energy/U.S. Enrichment
Corporation (8)
14 Sales of space launch and
other services by
National Aeronautics
and Space
Administration 0 0
15 Other sales and
miscellaneous
operations (10) 0 0
Not seasonally
adjusted
Line 2012
I (r) II (p)
Al U.S. government grants and
transactions increasing
government assets, total -38,814 -4,439
By category
2 Grants, net 11,911 11,657
3 U.S. government current
grants, net (table 1,
line 36, with sign
reversed) 11,910 11,657
4 Financing military
purchases (1) 5,304 4,266
5 Other grants 6,605 7,392
Cash contributions
received from
coalition partners
for Persian Gulf
6 operations ... ...
Debt forgiveness (table
1, part of line 39,
7 with sign reversed) 1 0
8 Credits and other long-term
assets (table 1, line
47, with sign reversed) 2,631 2,393
9 Capital subscriptions and
contributions to
international financial
institutions, excluding
IMF 364 1,753
10 Credits repayable in U.S.
dollars 2,267 640
11 Credits repayable in
other than U.S. dollars 0 0
12 Other long-term assets 0 0
13 Foreign currency holdings
and short-term assets,
net (table 1, line 49
with sign reversed) -53,356 -18,489
14 Foreign currency holdings
(excluding
administrative cash
holdings), net 0 0
Receipts from:
15 Sales of agricultural
commodities 0 0
16 Interest 0 0
17 Repayments of
principal 0 0
18 Reverse grants 0 0
19 Other sources 0 0
Less currencies
disbursed for:
20 Grants and credits in
the recipient's
currency 0 0
21 Other grants and
credits 0 0
22 Other U.S. government
expenditures 0 0
23 Assets acquired in
performance of U.S.
government guarantee
and insurance
obligations, net 2 2
24 Other assets held under
Commodity Credit
Corporation Charter
Act, net 0 0
25 Assets financing military
sales contracts,
net (2) 0 0
26 Other short-term assets
(including changes in
administrative cash
holdings), net (9) -53,358 -18,491
By program
27 Capital subscriptions and
contributions to
international financial
institutions, excluding
IMF 364 1,753
28 Under Agricultural Trade
Development and Assistance
Act and related programs 443 445
29 Under Foreign Assistance
Act and related programs 11,122 10,490
30 Under Export-Import Bank
Act 2,193 507
31 Under Commodity Credit
Corporation Charter Act 2 2
32 Under other grant and
credit programs 420 855
33 Other foreign currency
assets acquired (lines
A16, A17, and A19) 0 0
34 Less foreign currencies
used by U.S. government
other than for grants or
credits (line A22) 0 0
35 Other (including changes
in administrative cash
holdings), net (9) -53,358 -18,491
By disposition (3)
36 Estimated transactions
involving no direct
dollar outflow from the
United States 11,313 8,804
37 Expenditures on U.S.
goods 3,303 3,074
38 Expenditures on U.S.
services (4) 2,697 2,754
39 Financing of military
sales contracts by
U.S. government (5)
(line C6) 5,303 2,966
40 By long-term credits 0 0
41 By short-term
credits (1) 0 0
42 By grants (1) 5,303 2,966
43 U.S. government grants
and credits to repay
prior U.S. government
credits (1 4) 8 8
44 U.S. government long--and
short-term credits to
repay prior U.S.
private credits s and
other assets 2 2
45 Increase in liabilities
associated with U.S.
government grants and
transactions increasing
government assets
(including changes in
retained accounts) (7)
(line C11) 0 0
46 Less receipts on short-
term U.S. government
assets (a) financing
military sales
contracts (1) (b)
financing repayment of
private credits and
other assets, and (c)
financing expenditures
on U.S. goads 0 0
47 Less foreign currencies
used by U.S. government
other than for grants
or credits (line A22) 0 0
48 Estimated dollar payments
to foreign countries and
international financial
institutions (9) -50,127 -13,243
B1 Repayments on U.S. government
long-term assets, total
(table 1, line 48) 352 630
2 Receipts of principal on
U.S. government credits 352 630
3 Under Agricultural Trade
Development and
Assistance Act and
related programs 63 92
4 Under Foreign Assistance
Act and related
programs 128 156
5 Under Export-Import
Bank Act 143 374
6 Under Commodity Credit
Corporation Charter Act 18 8
7 Under other credit
programs 0 0
8 Receipts on other long-
term assets 0 0
C1 U.S. government liabilities
other than securities,
total, net increase (+)
(table 1, line 60) 2,833 2,682
2 Associated with military
sales contracts (2) 2,833 2,682
3 U.S. government cash
receipts from foreign
governments (including
principal repayments
on credits financing
military sales
contracts), net of
refunds (1) 5,126 5,927
4 Less U.S. government
receipts from principal
repayments 20 3
5 Less U.S. Treasury
securities issued in
connection with
prepayments for
military purchases in
the United States 600 0
6 Plus financing of
military sales
contracts by U.S.
government (5)
(line A39) 5,303 2,966
7 By long-term credits 0 0
8 By short-term credits (1) 0 0
9 By grants (1) 5,303 2,966
10 Less transfers of goods
and services (including
transfers financed by
grants for military
purchases, and by
credits) (1 2) (table
1, line 5 and part of
table 1, line 3) 6,975 6,207
11 Associated with U.S.
government grants and
transactions increasing
Government assets
(including changes in
retained accounts) (7)
(line A45) 0 0
12 Associated with other
liabilities 0 0
13 Sales of nuclear material
by Department of
Energy/U.S. Enrichment
Corporation (8)
14 Sales of space launch and
other services by
National Aeronautics
and Space
Administration 0 0
15 Other sales and
miscellaneous
operations (10) 0 0
Table 7. Direct Investment: Income, Financial Flows, Royalties and
License Fees, and Other Private Services
(Millions of dollars)
Line (Credits +; debits -) 2011
U.S. direct investment abroad:
1 Income (table 1, line 14) 480,238
2 Earnings 473,283
3 Distributed earnings 124,644
4 Reinvested earnings 348,639
5 Reinvested earnings without
current-cost adjustment 325,963
6 Current-cost adjustment 22,676
7 Interest 6,955
8 U.S. parents' receipts 9,283
9 U.S. parents' payments -2,328
10 Income without current-cost adjustment 457,562
11 Manufacturing 73,806
12 Wholesale trade 29,989
13 Finance (including depository
institutions) and insurance 43,794
14 Holding companies, except bank
holding companies 221,295
15 Other 88,678
16 Earnings without current-cost
adjustment (line 2 less line 6) 450,607
17 Manufacturing 73,186
18 Wholesale trade 29,714
19 Finance (including depository
institutions) and insurance 43,417
20 Holding companies, except bank
holding companies 217,489
21 Other 86,801
22 Interest 6,955
23 Manufacturing 620
24 Wholesale trade 275
25 Finance (including depository
institutions) and insurance (1) 377
26 Holding companies, except bank
holding companies 3,806
27 Other 1,877
28 Financial flows (table t, line 51) -419,332
29 Equity -52,391
30 Increases in equity -96,679
31 Decreases in equity 44,289
32 Reinvested earnings (line 4 with
sign reversed) -348,639
33 Intercompany debt -18,303
34 U.S. parents' receivables -51,927
35 U.S. parents' payables 33,625
36 Financial flows without current-cost
adjustment -396,656
37 Manufacturing -59,177
38 Wholesale trade -24,274
39 Finance (including depository
institutions) and insurance -28,020
40 Holding companies, except bank
holding companies -207,586
41 Other -77,600
42 Equity -52,391
43 Manufacturing -10,282
44 Wholesale trade -196
45 Finance (including depository
institutions) and insurance 3,005
46 Holding companies, except bank
holding companies -29,277
47 Other -15,641
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -325,963
49 Manufacturing -55,516
50 Wholesale trade -23,262
51 Finance (including depository
institutions) and insurance -24,211
52 Holding companies, except bank
holding companies -156,816
53 Other -66,157
54 Intercompany debt -18,303
55 Manufacturing 6,620
56 Wholesale trade -815
57 Finance (including depository
institutions) and insurance -6,814
58 Holding companies, except bank
holding companies -21,492
59 Other 4,199
60 Royalties and license fees, net 66,130
61 U.S. parents' receipts (table 1,
part of line 9) 73,091
62 U.S. parents' payments (table 1,
part of line 26) -6,962
63 Other private services, net 1,656
64 U.S. parents' receipts (table 1,
part of line 10) 58,902
65 U.S. parents' payments (table 1,
part of line 27) -57,245
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -158,559
67 Earnings -132,889
68 Distributed earnings -45,500
69 Reinvested earnings -87,389
70 Reinvested earnings without
current-cost adjustment -80,338
71 Current-cost adjustment -7,051
72 Interest -25,670
73 U.S. affiliates' payments -30,005
74 U.S. affiliates' receipts 4,335
75 Income without current-cost adjustment -151,508
76 Manufacturing -64,899
77 Wholesale trade -16,259
78 Finance (including depository
institutions) and insurance -21,752
79 Other -48,598
80 Earnings without current-cast
adjustment (line 67 less
line 71) -125,838
81 Manufacturing -55,386
82 Wholesale trade -14,661
83 Finance (including depository
institutions) and insurance -20,365
84 Other -35,426
85 Interest -25,670
86 Manufacturing -9,514
87 Wholesale trade -1,598
88 Finance (including depository
institutions) and insurance (1) -1,386
89 Other -13,172
90 Financial flows (table 1, line 64) 233,988
91 Equity 93,224
92 Increases in equity 132,936
93 Decreases in equity -39,712
94 Reinvested earnings (line 69 with
sign reversed) 87,389
95 Intercompany debt 53,374
96 U.S. affiliates' payables 43,290
97 U.S. affiliates' receivables 10,085
98 Financial flows without current-cost
adjustment 226,937
99 Manufacturing 90,883
100 Wholesale trade 25,675
101 Finance (including depository
institutions) and insurance 26,470
102 Other 83,908
103 Equity 93,224
104 Manufacturing 35,349
105 Wholesale trade -67
106 Finance (including depository
institutions) and insurance 23,959
107 Other 33,983
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 80,338
109 Manufacturing 39,912
110 Wholesale trade 9,572
111 Finance (including depository
institutions) and insurance 5,528
112 Other 25,326
113 Intercompany debt 53,374
114 Manufacturing 15,621
115 Wholesale trade 16,170
116 Finance (including depository
institutions) and insurance (2) -3,017
117 Other 24,599
118 Royalties and license fees, net -15,266
119 U.S. affiliates' payments (table 1,
part of line 26) -19,253
120 U.S. affiliates' receipts (table 1,
part of line 9) 3,988
121 Other private services, net 4,611
122 U.S. affiliates' payments (table 1,
part of line 27) -24,910
123 U.S. affiliates' receipts (table 1,
part of line 10) 29,521
Not seasonally
adjusted
Line (Credits +; debits -) 2011
I II
U.S. direct investment abroad:
1 Income (table 1, line 14) 117,784 126,836
2 Earnings 116,131 125,071
3 Distributed earnings 23,504 22,427
4 Reinvested earnings 92,627 102,644
5 Reinvested earnings without
current-cost adjustment 86,892 96,963
6 Current-cost adjustment 5,735 5,681
7 Interest 1,652 1,765
8 U.S. parents' receipts 2,227 2,339
9 U.S. parents' payments -574 -574
10 Income without current-cost adjustment 112,049 121,155
11 Manufacturing 17,966 18,899
12 Wholesale trade 7,093 7,704
13 Finance (including depository
institutions) and insurance 10,295 12,580
14 Holding companies, except bank
holding companies 56,322 59,376
15 Other 20,373 22,596
16 Earnings without current-cost
adjustment (line 2 less line 6) 110,396 119,390
17 Manufacturing 17,813 18,746
18 Wholesale trade 7,033 7,631
19 Finance (including depository
institutions) and insurance 10,189 12,489
20 Holding companies, except bank
holding companies 55,471 58,407
21 Other 19,890 22,117
22 Interest 1,652 1,765
23 Manufacturing 153 153
24 Wholesale trade 59 73
25 Finance (including depository
institutions) and insurance (1) 106 91
26 Holding companies, except bank
holding companies 851 969
27 Other 483 479
28 Financial flows (table t, line 51) -112,272 -141,610
29 Equity -2,121 -31,714
30 Increases in equity -12,925 -41,213
31 Decreases in equity 10,804 9,498
32 Reinvested earnings (line 4 with
sign reversed) -92,627 -102,644
33 Intercompany debt -17,524 -7,252
34 U.S. parents' receivables -30,513 -18,792
35 U.S. parents' payables 12,990 11,539
36 Financial flows without current-cost
adjustment -106,537 -135,929
37 Manufacturing -16,194 -18,091
38 Wholesale trade -5,575 -9,735
39 Finance (including depository
institutions) and insurance -14,300 -10,263
40 Holding companies, except bank
holding companies -56,964 -63,460
41 Other -13,505 -34,380
42 Equity -2,121 -31,714
43 Manufacturing -971 -3,324
44 Wholesale trade 1,012 -731
45 Finance (including depository
institutions) and insurance -738 -3,222
46 Holding companies, except bank
holding companies -2,123 -10,807
47 Other 699 -13,630
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -86,892 -96,963
49 Manufacturing -15,571 -12,341
50 Wholesale trade -6,343 -5,714
51 Finance (including depository
institutions) and insurance -7,544 -9,071
52 Holding companies, except bank
holding companies -43,701 -51,718
53 Other -13,733 -18,120
54 Intercompany debt -17,524 -7,252
55 Manufacturing 348 -2,426
56 Wholesale trade -244 -3,290
57 Finance (including depository
institutions) and insurance -6,017 2,030
58 Holding companies, except bank
holding companies -11,139 -935
59 Other -471 -2,630
60 Royalties and license fees, net 15,584 17,100
61 U.S. parents' receipts (table 1,
part of line 9) 17,127 18,725
62 U.S. parents' payments (table 1,
part of line 26) -1,543 -1,625
63 Other private services, net 1,528 641
64 U.S. parents' receipts (table 1,
part of line 10) 14,117 14,634
65 U.S. parents' payments (table 1,
part of line 27) -12,590 -13,993
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -37,147 -45,195
67 Earnings -31,715 -38,625
68 Distributed earnings -6,356 -11,011
69 Reinvested earnings -25,359 -27,614
70 Reinvested earnings without
current-cost adjustment -23,529 -25,842
71 Current-cost adjustment -1,830 -1,772
72 Interest -5,432 -6,569
73 U.S. affiliates' payments -6,234 -7,717
74 U.S. affiliates' receipts 802 1,148
75 Income without current-cost adjustment -35,317 -43,423
76 Manufacturing -12,720 -16,789
77 Wholesale trade -3,407 -4,878
78 Finance (including depository
institutions) and insurance -8,110 -9,052
79 Other -11,079 -12,703
80 Earnings without current-cast
adjustment (line 67 less
line 71) -29,885 -36,853
81 Manufacturing -10,798 -14,394
82 Wholesale trade -3,041 -4,366
83 Finance (including depository
institutions) and insurance -7,804 -8,783
84 Other -8,242 -9,310
85 Interest -5,432 -6,569
86 Manufacturing -1,922 -2,395
87 Wholesale trade -366 -512
88 Finance (including depository
institutions) and insurance (1) -307 -270
89 Other -2,838 -3,393
90 Financial flows (table 1, line 64) 34,239 63,727
91 Equity 7,576 30,481
92 Increases in equity 17,222 36,517
93 Decreases in equity -9,645 -6,036
94 Reinvested earnings (line 69 with
sign reversed) 25,359 27,614
95 Intercompany debt 1,303 5,632
96 U.S. affiliates' payables 11,769 7,883
97 U.S. affiliates' receivables -10,466 -2,251
98 Financial flows without current-cost
adjustment 32,409 61,955
99 Manufacturing 13,314 22,501
100 Wholesale trade 5,885 4,278
101 Finance (including depository
institutions) and insurance 4,236 9,275
102 Other 8,973 25,900
103 Equity 7,576 30,481
104 Manufacturing 5,742 11,529
105 Wholesale trade 370 878
106 Finance (including depository
institutions) and insurance 2,776 5,921
107 Other -1,312 12,153
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 23,529 25,842
109 Manufacturing 8,869 12,425
110 Wholesale trade 2,669 3,983
111 Finance (including depository
institutions) and insurance 5,221 3,553
112 Other 6,770 5,881
113 Intercompany debt 1,303 5,632
114 Manufacturing -1,297 -1,453
115 Wholesale trade 2,846 -583
116 Finance (including depository
institutions) and insurance (2) -3,761 -200
117 Other 3,515 7,867
118 Royalties and license fees, net 4,024 4,523
119 U.S. affiliates' payments (table 1,
part of line 26) -5,032 4,398
120 U.S. affiliates' receipts (table 1,
part of line 9) 1,008 875
121 Other private services, net 1,565 1,082
122 U.S. affiliates' payments (table 1,
part of line 27) -5,564 -6,149
123 U.S. affiliates' receipts (table 1,
part of line 10) 7,129 7,231
Not seasonally
adjusted
Line (Credits +; debits -) 2011
III IV
U.S. direct investment abroad:
1 Income (table 1, line 14) 120,297 115,321
2 Earnings 118,549 113,532
3 Distributed earnings 22,871 55,842
4 Reinvested earnings 95,678 57,690
5 Reinvested earnings without
current-cost adjustment 90,037 52,071
6 Current-cost adjustment 5,641 5,619
7 Interest 1,748 1,789
8 U.S. parents' receipts 2,330 2,388
9 U.S. parents' payments -581 -599
10 Income without current-cost adjustment 114,656 109,702
11 Manufacturing 20,074 16,867
12 Wholesale trade 7,682 7,510
13 Finance (including depository
institutions) and insurance 11,150 9,769
14 Holding companies, except bank
holding companies 52,965 52,633
15 Other 22,786 22,922
16 Earnings without current-cost
adjustment (line 2 less line 6) 112,908 107,913
17 Manufacturing 19,933 16,693
18 Wholesale trade 7,613 7,437
19 Finance (including depository
institutions) and insurance 11,058 9,681
20 Holding companies, except bank
holding companies 51,986 51,626
21 Other 22,318 22,476
22 Interest 1,748 1,789
23 Manufacturing 141 174
24 Wholesale trade 69 74
25 Finance (including depository
institutions) and insurance (1) 92 88
26 Holding companies, except bank
holding companies 978 1,007
27 Other 468 447
28 Financial flows (table t, line 51) -82,216 -83,234
29 Equity -872 -17,683
30 Increases in equity -16,422 -26,120
31 Decreases in equity 15,550 8,437
32 Reinvested earnings (line 4 with
sign reversed) -95,678 -57,690
33 Intercompany debt 14,334 -7,861
34 U.S. parents' receivables 1,262 -3,885
35 U.S. parents' payables 13,072 -3,976
36 Financial flows without current-cost
adjustment -76,575 -77,615
37 Manufacturing -13,990 -10,902
38 Wholesale trade 4,201 -4,762
39 Finance (including depository
institutions) and insurance -1,251 -2,206
40 Holding companies, except bank
holding companies -40,885 -46,277
41 Other -16,247 -13,468
42 Equity -872 -17,683
43 Manufacturing -3,089 -2,898
44 Wholesale trade -360 -117
45 Finance (including depository
institutions) and insurance 8,572 -1,606
46 Holding companies, except bank
holding companies -4,484 -11,863
47 Other -1,510 -1,199
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -90,037 -52,071
49 Manufacturing -16,403 -11,200
50 Wholesale trade -5,598 -5,608
51 Finance (including depository
institutions) and insurance -8,164 568
52 Holding companies, except bank
holding companies -40,749 -20,648
53 Other -19,122 -15,183
54 Intercompany debt 14,334 -7,861
55 Manufacturing 5,502 3,196
56 Wholesale trade 1,757 963
57 Finance (including depository
institutions) and insurance -1,659 -1,168
58 Holding companies, except bank
holding companies 4,348 -13,766
59 Other 4,386 2,914
60 Royalties and license fees, net 16,678 16,768
61 U.S. parents' receipts (table 1,
part of line 9) 18,553 18,687
62 U.S. parents' payments (table 1,
part of line 26) -1,875 -1,919
63 Other private services, net -613 101
64 U.S. parents' receipts (table 1,
part of line 10) 14,260 15,890
65 U.S. parents' payments (table 1,
part of line 27) -14,874 -15,789
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -39,946 -36,272
67 Earnings -33,092 -29,457
68 Distributed earnings -10,722 -17,411
69 Reinvested earnings -22,370 -12,046
70 Reinvested earnings without
current-cost adjustment -20,637 -10,330
71 Current-cost adjustment -1,733 -1,716
72 Interest -6,854 -6,815
73 U.S. affiliates' payments -7,996 -8,058
74 U.S. affiliates' receipts 1,142 1,243
75 Income without current-cost adjustment -38,213 -34,556
76 Manufacturing -18,633 -16,757
77 Wholesale trade -5,134 -2,841
78 Finance (including depository
institutions) and insurance -1,365 -3,224
79 Other -13,082 -11,734
80 Earnings without current-cast
adjustment (line 67 less
line 71) -31,359 -27,741
81 Manufacturing -16,015 -14,178
82 Wholesale trade -4,830 -2,425
83 Finance (including depository
institutions) and insurance -914 -2,864
84 Other -9,601 -8,274
85 Interest -6,854 -6,815
86 Manufacturing -2,618 -2,579
87 Wholesale trade -304 -416
88 Finance (including depository
institutions) and insurance (1) -450 -360
89 Other -3,481 -3,460
90 Financial flows (table 1, line 64) 68,357 67,665
91 Equity 25,547 29,620
92 Increases in equity 35,875 43,322
93 Decreases in equity -10,328 -13,703
94 Reinvested earnings (line 69 with
sign reversed) 22,370 12,046
95 Intercompany debt 20,440 25,999
96 U.S. affiliates' payables 7,075 16,563
97 U.S. affiliates' receivables 13,365 9,436
98 Financial flows without current-cost
adjustment 66,624 65,949
99 Manufacturing 34,763 20,305
100 Wholesale trade -211 15,723
101 Finance (including depository
institutions) and insurance 4,803 8,156
102 Other 27,269 21,765
103 Equity 25,547 29,620
104 Manufacturing 6,542 11,536
105 Wholesale trade -2,425 1,111
106 Finance (including depository
institutions) and insurance 10,935 4,326
107 Other 10,495 12,647
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 20,637 10,330
109 Manufacturing 14,871 3,748
110 Wholesale trade 1,139 1,781
111 Finance (including depository
institutions) and insurance 4,602 356
112 Other 8,230 4,445
113 Intercompany debt 20,440 25,999
114 Manufacturing 13,350 5,021
115 Wholesale trade 1,075 12,831
116 Finance (including depository
institutions) and insurance (2) -2,530 3,474
117 Other 8,544 4,673
118 Royalties and license fees, net 4,688 4,031
119 U.S. affiliates' payments (table 1,
part of line 26) -4,596 -5,227
120 U.S. affiliates' receipts (table 1,
part of line 9) 908 1,196
121 Other private services, net 1,291 673
122 U.S. affiliates' payments (table 1,
part of line 27) -6,184 -7,013
123 U.S. affiliates' receipts (table 1,
part of line 10) 7,475 7,687
Not seasonally
adjusted
Line (Credits +; debits -) 2012
I (r) II (p)
U.S. direct investment abroad:
1 Income (table 1, line 14) 115,660 117,439
2 Earnings 113,794 115,497
3 Distributed earnings 23,865 21,390
4 Reinvested earnings 89,929 94,107
5 Reinvested earnings without
current-cost adjustment 84,286 88,464
6 Current-cost adjustment 5,643 5,643
7 Interest 1,866 1,942
8 U.S. parents' receipts 2,441 2,514
9 U.S. parents' payments -576 -572
10 Income without current-cost adjustment 110,017 111,796
11 Manufacturing 17,028 18,022
12 Wholesale trade 7,426 7,811
13 Finance (including depository
institutions) and insurance 11,997 10,863
14 Holding companies, except bank
holding companies 51,753 53,045
15 Other 21,812 22,056
16 Earnings without current-cost
adjustment (line 2 less line 6) 108,151 109,854
17 Manufacturing 16,878 17,898
18 Wholesale trade 7,330 7,722
19 Finance (including depository
institutions) and insurance 11,912 10,710
20 Holding companies, except bank
holding companies 50,686 51,960
21 Other 21,346 21,564
22 Interest 1,866 1,942
23 Manufacturing 150 123
24 Wholesale trade 96 89
25 Finance (including depository
institutions) and insurance (1) 85 153
26 Holding companies, except bank
holding companies 1,068 1,085
27 Other 466 492
28 Financial flows (table t, line 51) -124,436 -88,364
29 Equity -5,703 -13,555
30 Increases in equity -15,658 -17,455
31 Decreases in equity 9,955 3,899
32 Reinvested earnings (line 4 with
sign reversed) -89,929 -94,107
33 Intercompany debt -28,804 19,299
34 U.S. parents' receivables -17,806 13,797
35 U.S. parents' payables -10,998 5,502
36 Financial flows without current-cost
adjustment -118,793 -82,721
37 Manufacturing -26,301 -12,029
38 Wholesale trade -13,024 -7,336
39 Finance (including depository
institutions) and insurance -12,624 -10,334
40 Holding companies, except bank
holding companies 41,493 42,723
41 Other -25,350 -10,299
42 Equity -5,703 -13,555
43 Manufacturing -187 -1,084
44 Wholesale trade -36 -165
45 Finance (including depository
institutions) and insurance -1,813 -1,475
46 Holding companies, except bank
holding companies -224 -9,833
47 Other -3,443 -998
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -84,286 -88,464
49 Manufacturing -15,084 -15,008
50 Wholesale trade -6,423 -5,596
51 Finance (including depository
institutions) and insurance -8,364 -8,540
52 Holding companies, except bank
holding companies -37,529 -40,949
53 Other -16,886 -18,371
54 Intercompany debt -28,804 19,299
55 Manufacturing -11,030 4,064
56 Wholesale trade -6,566 -1,574
57 Finance (including depository
institutions) and insurance -2,446 -318
58 Holding companies, except bank
holding companies -3,739 8,058
59 Other -5,022 9,070
60 Royalties and license fees, net 15,386 15,879
61 U.S. parents' receipts (table 1,
part of line 9) 17,253 17,825
62 U.S. parents' payments (table 1,
part of line 26) -1,867 -1,945
63 Other private services, net 1,120 391
64 U.S. parents' receipts (table 1,
part of line 10) 14,962 15,608
65 U.S. parents' payments (table 1,
part of line 27) -13,842 -15,217
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -41,962 -39,144
67 Earnings -35,678 -32,479
68 Distributed earnings -8,671 -12,651
69 Reinvested earnings -27,007 -19,829
70 Reinvested earnings without
current-cost adjustment -25,251 -18,066
71 Current-cost adjustment -1,756 -1,763
72 Interest -6,284 -6,665
73 U.S. affiliates' payments -7,425 -7,785
74 U.S. affiliates' receipts 1,141 1,120
75 Income without current-cost adjustment -40,206 -37,381
76 Manufacturing -17,145 -16,242
77 Wholesale trade -3,965 -4,407
78 Finance (including depository
institutions) and insurance -7,052 -3,540
79 Other -12,044 -13,192
80 Earnings without current-cast
adjustment (line 67 less
line 71) -33,922 -30,716
81 Manufacturing -14,244 -13,364
82 Wholesale trade -3,532 -3,888
83 Finance (including depository
institutions) and insurance -6,894 -3,400
84 Other -9,252 -10,065
85 Interest -6,284 -6,665
86 Manufacturing -2,901 -2,878
87 Wholesale trade 433 -520
88 Finance (including depository
institutions) and insurance (1) -159 -140
89 Other -2,792 -3,127
90 Financial flows (table 1, line 64) 23,398 37,482
91 Equity 2,019 11,636
92 Increases in equity 15,340 18,046
93 Decreases in equity -13,320 -6,410
94 Reinvested earnings (line 69 with
sign reversed) 27,007 19,829
95 Intercompany debt -5,628 6,018
96 U.S. affiliates' payables 7,349 14,733
97 U.S. affiliates' receivables -12,978 -8,715
98 Financial flows without current-cost
adjustment 21,642 35,719
99 Manufacturing 4,194 18,099
100 Wholesale trade 7,844 3,673
101 Finance (including depository
institutions) and insurance -5,065 5,212
102 Other 14,669 8,735
103 Equity 2,019 11,636
104 Manufacturing -39 5,875
105 Wholesale trade 866 -77
106 Finance (including depository
institutions) and insurance -7,581 5,007
107 Other 8,773 831
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 25,251 18,066
109 Manufacturing 11,842 9,086
110 Wholesale trade 3,052 3,517
111 Finance (including depository
institutions) and insurance 3,718 -1,022
112 Other 6,639 6,484
113 Intercompany debt -5,628 6,018
114 Manufacturing -7,609 3,138
115 Wholesale trade 3,926 233
116 Finance (including depository
institutions) and insurance (2) -1,201 1,227
117 Other -744 1,420
118 Royalties and license fees, net 4,920 -3,926
119 U.S. affiliates' payments (table 1,
part of line 26) -5,220 -5,287
120 U.S. affiliates' receipts (table 1,
part of line 9) 1,300 1,362
121 Other private services, net 601 575
122 U.S. affiliates' payments (table 1,
part of line 27) 4,528 -6,629
123 U.S. affiliates' receipts (table 1,
part of line 10) 7,128 7,204
Seasonally adjusted
Line (Credits +; debits -) 2011
I II
U.S. direct investment abroad:
1 Income (table 1, line 14) 118,621 123,417
2 Earnings 116,969 121,652
3 Distributed earnings 32,210 27,222
4 Reinvested earnings 84,759 94,430
5 Reinvested earnings without
current-cost adjustment 79,024 88,749
6 Current-cost adjustment 5,735 5,681
7 Interest 1,652 1,765
8 U.S. parents' receipts 2,227 2,339
9 U.S. parents' payments -574 -574
10 Income without current-cost adjustment 112,886 117,736
11 Manufacturing 18,913 18,394
12 Wholesale trade 7,646 7,305
13 Finance (including depository
institutions) and insurance 10,264 11,780
14 Holding companies, except bank
holding companies 55,691 57,661
15 Other 20,373 22,596
16 Earnings without current-cost
adjustment (line 2 less line 6) 111,234 115,971
17 Manufacturing 18,761 18,241
18 Wholesale trade 7,586 7,232
19 Finance (including depository
institutions) and insurance 10,158 11,689
20 Holding companies, except bank
holding companies 54,839 56,692
21 Other 19,890 22,117
22 Interest 1,652 1,765
23 Manufacturing 153 153
24 Wholesale trade 59 73
25 Finance (including depository
institutions) and insurance (1) 106 91
26 Holding companies, except bank
holding companies 851 969
27 Other 483 479
28 Financial flows (table t, line 51) -104,404 -133,397
29 Equity -2,121 -31,714
30 Increases in equity -12,925 -41,213
31 Decreases in equity 10,804 9,498
32 Reinvested earnings (line 4 with
sign reversed) -84,759 -94,430
33 Intercompany debt -17,524 -7,252
34 U.S. parents' receivables -30,513 -18,792
35 U.S. parents' payables 12,990 11,539
36 Financial flows without current-cost
adjustment -98,669 -127,716
37 Manufacturing -15,541 -17,844
38 Wholesale trade -5,524 -9,400
39 Finance (including depository
institutions) and insurance -13,175 -8,485
40 Holding companies, except bank
holding companies -50,998 -58,733
41 Other -13,431 -33,254
42 Equity -2,121 -31,714
43 Manufacturing -971 -3,324
44 Wholesale trade 1,012 -731
45 Finance (including depository
institutions) and insurance -738 -3,222
46 Holding companies, except bank
holding companies -2,123 -10,807
47 Other 699 -13,630
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -79,024 -88,749
49 Manufacturing -14,919 -12,094
50 Wholesale trade -6,292 -5,379
51 Finance (including depository
institutions) and insurance -6,420 -7,293
52 Holding companies, except bank
holding companies -37,735 -46,991
53 Other -13,659 -16,993
54 Intercompany debt -17,524 -7,252
55 Manufacturing 348 -2,426
56 Wholesale trade -244 -3,290
57 Finance (including depository
institutions) and insurance -6,017 2,030
58 Holding companies, except bank
holding companies -11,139 -935
59 Other -471 -2,630
60 Royalties and license fees, net 15,975 17,181
61 U.S. parents' receipts (table 1,
part of line 9) 17,518 18,805
62 U.S. parents' payments (table 1,
part of line 26) -1,543 -1,625
63 Other private services, net 1,108 879
64 U.S. parents' receipts (table 1,
part of line 10) 14,603 14,754
65 U.S. parents' payments (table 1,
part of line 27) -13,495 -13,874
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -39,891 -43,855
67 Earnings -33,922 -37,236
68 Distributed earnings -9,436 -12,068
69 Reinvested earnings -24,486 -25,168
70 Reinvested earnings without
current-cost adjustment -22,656 -23,396
71 Current-cost adjustment -1,830 -1,772
72 Interest -5,970 -6,619
73 U.S. affiliates' payments -6,772 -7,767
74 U.S. affiliates' receipts 802 1,148
75 Income without current-cost adjustment -38,061 -42,083
76 Manufacturing -15,303 -15,493
77 Wholesale trade -3,407 -4,878
78 Finance (including depository
institutions) and insurance -8,110 -9,052
79 Other -11,241 -12,660
80 Earnings without current-cast
adjustment (line 67 less
line 71) -32,092 -35,464
81 Manufacturing -13,005 -13,005
82 Wholesale trade -3,041 -4,366
83 Finance (including depository
institutions) and insurance -7,804 -8,783
84 Other -8,242 -9,310
85 Interest -5,970 -6,619
86 Manufacturing -2,298 -2,488
87 Wholesale trade -366 -512
88 Finance (including depository
institutions) and insurance (1) -307 -270
89 Other -2,999 -3,350
90 Financial flows (table 1, line 64) 33,365 61,281
91 Equity 7,576 30,481
92 Increases in equity 17,222 36,517
93 Decreases in equity -9,645 -6,036
94 Reinvested earnings (line 69 with
sign reversed) 24,486 25,168
95 Intercompany debt 1,303 5,632
96 U.S. affiliates' payables 11,769 7,883
97 U.S. affiliates' receivables -10,466 -2,251
98 Financial flows without current-cost
adjustment 31,535 59,509
99 Manufacturing 13,977 19,299
100 Wholesale trade 5,885 4,278
101 Finance (including depository
institutions) and insurance 3,421 9,488
102 Other 8,251 26,443
103 Equity 7,576 30,481
104 Manufacturing 5,742 11,529
105 Wholesale trade 370 878
106 Finance (including depository
institutions) and insurance 2,776 5,921
107 Other -1,312 12,153
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 22,656 23,396
109 Manufacturing 9,532 9,223
110 Wholesale trade 2,669 3,983
111 Finance (including depository
institutions) and insurance 4,407 3,766
112 Other 6,048 6,424
113 Intercompany debt 1,303 5,632
114 Manufacturing -1,297 -1,453
115 Wholesale trade 2,846 -583
116 Finance (including depository
institutions) and insurance (2) -3,761 -200
117 Other 3,515 7,867
118 Royalties and license fees, net 4,080 4,561
119 U.S. affiliates' payments (table 1,
part of line 26) -5,088 4,437
120 U.S. affiliates' receipts (table 1,
part of line 9) 1,008 875
121 Other private services, net 1,684 1,137
122 U.S. affiliates' payments (table 1,
part of line 27) -5,774 -6,344
123 U.S. affiliates' receipts (table 1,
part of line 10) 7,458 7,481
Seasonally adjusted
Line (Credits +; debits -) 2011
III IV
U.S. direct investment abroad:
1 Income (table 1, line 14) 119,106 119,094
2 Earnings 117,357 117,304
3 Distributed earnings 33,572 31,641
4 Reinvested earnings 83,786 85,664
5 Reinvested earnings without
current-cost adjustment 78,145 80,045
6 Current-cost adjustment 5,641 5,619
7 Interest 1,748 1,789
8 U.S. parents' receipts 2,330 2,388
9 U.S. parents' payments -581 -599
10 Income without current-cost adjustment 113,465 113,475
11 Manufacturing 18,633 17,866
12 Wholesale trade 7,889 7,149
13 Finance (including depository
institutions) and insurance 10,753 10,997
14 Holding companies, except bank
holding companies 53,403 54,541
15 Other 22,786 22,922
16 Earnings without current-cost
adjustment (line 2 less line 6) 111,716 111,685
17 Manufacturing 18,492 17,692
18 Wholesale trade 7,821 7,075
19 Finance (including depository
institutions) and insurance 10,662 10,909
20 Holding companies, except bank
holding companies 52,424 53,534
21 Other 22,318 22,476
22 Interest 1,748 1,789
23 Manufacturing 141 174
24 Wholesale trade 69 74
25 Finance (including depository
institutions) and insurance (1) 92 88
26 Holding companies, except bank
holding companies 978 1,007
27 Other 468 447
28 Financial flows (table t, line 51) -70,323 -111,208
29 Equity -872 -17,683
30 Increases in equity -16,422 -26,120
31 Decreases in equity 15,550 8,437
32 Reinvested earnings (line 4 with
sign reversed) -83,786 -85,664
33 Intercompany debt 14,334 -7,861
34 U.S. parents' receivables 1,262 -3,885
35 U.S. parents' payables 13,072 -3,976
36 Financial flows without current-cost
adjustment -64,682 -105,589
37 Manufacturing -11,563 -14,229
38 Wholesale trade -4,178 -5,172
39 Finance (including depository
institutions) and insurance 1,349 -7,709
40 Holding companies, except bank
holding companies -35,655 -62,199
41 Other -14,635 -16,280
42 Equity -872 -17,683
43 Manufacturing -3,089 -2,898
44 Wholesale trade -360 -117
45 Finance (including depository
institutions) and insurance 8,572 -1,606
46 Holding companies, except bank
holding companies -4,484 -11,863
47 Other -1,510 -1,199
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -78,145 -80,045
49 Manufacturing -13,976 -14,527
50 Wholesale trade -5,575 -6,017
51 Finance (including depository
institutions) and insurance -5,564 -4,935
52 Holding companies, except bank
holding companies -35,520 -36,570
53 Other -17,510 -17,995
54 Intercompany debt 14,334 -7,861
55 Manufacturing 5,502 3,196
56 Wholesale trade 1,757 963
57 Finance (including depository
institutions) and insurance -1,659 -1,168
58 Holding companies, except bank
holding companies 4,348 -13,766
59 Other 4,386 2,914
60 Royalties and license fees, net 16,669 16,305
61 U.S. parents' receipts (table 1,
part of line 9) 18,544 18,224
62 U.S. parents' payments (table 1,
part of line 26) -1,875 -1,919
63 Other private services, net -509 179
64 U.S. parents' receipts (table 1,
part of line 10) 14,553 14,992
65 U.S. parents' payments (table 1,
part of line 27) -15,063 -14,814
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -38,261 -36,552
67 Earnings -31,448 -30,283
68 Distributed earnings -14,213 -9,783
69 Reinvested earnings -17,235 -20,500
70 Reinvested earnings without
current-cost adjustment -15,502 -18,784
71 Current-cost adjustment -1,733 -1,716
72 Interest -6,813 -6,268
73 U.S. affiliates' payments -7,955 -7,511
74 U.S. affiliates' receipts 1,142 1,243
75 Income without current-cost adjustment -36,528 -34,836
76 Manufacturing -16,911 -17,192
77 Wholesale trade -5,134 -2,841
78 Finance (including depository
institutions) and insurance -1,365 -3,224
79 Other -13,119 -11,579
80 Earnings without current-cast
adjustment (line 67 less
line 71) -29,715 -28,567
81 Manufacturing -14,370 -15,005
82 Wholesale trade -4,830 -2,425
83 Finance (including depository
institutions) and insurance -914 -2,864
84 Other -9,601 -8,274
85 Interest -6,813 -6,268
86 Manufacturing -2,541 -2,187
87 Wholesale trade -304 -416
88 Finance (including depository
institutions) and insurance (1) 450 -360
89 Other -3,518 -3,305
90 Financial flows (table 1, line 64) 63,222 76,120
91 Equity 25,547 29,620
92 Increases in equity 35,875 43,322
93 Decreases in equity -10,328 -13,703
94 Reinvested earnings (line 69 with
sign reversed) 17,235 20,500
95 Intercompany debt 20,440 25,999
96 U.S. affiliates' payables 7,075 16,563
97 U.S. affiliates' receivables 13,365 9,436
98 Financial flows without current-cost
adjustment 61,489 74,404
99 Manufacturing 31,624 25,983
100 Wholesale trade -211 15,723
101 Finance (including depository
institutions) and insurance 4,363 9,198
102 Other 25,713 23,500
103 Equity 25,547 29,620
104 Manufacturing 6,542 11,536
105 Wholesale trade -2,425 1,111
106 Finance (including depository
institutions) and insurance 10,935 4,326
107 Other 10,495 12,647
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 15,502 18,784
109 Manufacturing 11,732 9,426
110 Wholesale trade 1,139 1,781
111 Finance (including depository
institutions) and insurance -4,043 1,398
112 Other 6,673 6,180
113 Intercompany debt 20,440 25,999
114 Manufacturing 13,350 5,021
115 Wholesale trade 1,075 12,831
116 Finance (including depository
institutions) and insurance (2) -2,530 3,474
117 Other 8,544 4,673
118 Royalties and license fees, net -3,927 -3,698
119 U.S. affiliates' payments (table 1,
part of line 26) -4,834 -4,894
120 U.S. affiliates' receipts (table 1,
part of line 9) 908 1,196
121 Other private services, net 1,217 573
122 U.S. affiliates' payments (table 1,
part of line 27) -6,301 -6,491
123 U.S. affiliates' receipts (table 1,
part of line 10) 7,518 7,064
Seasonally adjusted
Line (Credits +; debits -) 2012
I (r) II (p)
U.S. direct investment abroad:
1 Income (table 1, line 14) 116,321 114,293
2 Earnings 114,456 112,351
3 Distributed earnings 32,869 27,378
4 Reinvested earnings 81,587 84,973
5 Reinvested earnings without
current-cost adjustment 75,944 79,330
6 Current-cost adjustment 5,643 5,643
7 Interest 1,866 1,942
8 U.S. parents' receipts 2,441 2,514
9 U.S. parents' payments -576 -572
10 Income without current-cost adjustment 110,678 108,650
11 Manufacturing 17,837 17,522
12 Wholesale trade 7,880 7,533
13 Finance (including depository
institutions) and insurance 11,970 10,134
14 Holding companies, except bank
holding companies 51,180 51,405
15 Other 21,812 22,056
16 Earnings without current-cost
adjustment (line 2 less line 6) 108,813 106,708
17 Manufacturing 17,686 17,399
18 Wholesale trade 7,783 7,445
19 Finance (including depository
institutions) and insurance 11,885 9,981
20 Holding companies, except bank
holding companies 50,112 50,320
21 Other 21,346 21,564
22 Interest 1,866 1,942
23 Manufacturing 150 123
24 Wholesale trade 96 89
25 Finance (including depository
institutions) and insurance (1) 85 153
26 Holding companies, except bank
holding companies 1,068 1,085
27 Other 466 492
28 Financial flows (table t, line 51) -116,094 -79,229
29 Equity -5,703 -13,555
30 Increases in equity -15,658 -17,455
31 Decreases in equity 9,955 3,899
32 Reinvested earnings (line 4 with
sign reversed) -81,587 -84,973
33 Intercompany debt -28,804 19,299
34 U.S. parents' receivables -17,806 13,797
35 U.S. parents' payables -10,998 5,502
36 Financial flows without current-cost
adjustment -110,451 -73,586
37 Manufacturing -25,696 -11,657
38 Wholesale trade -12,642 -7,057
39 Finance (including depository
institutions) and insurance -11,461 -9,030
40 Holding companies, except bank
holding companies -35,138 -36,610
41 Other -25,515 -9,231
42 Equity -5,703 -13,555
43 Manufacturing -187 -1,084
44 Wholesale trade -36 -165
45 Finance (including depository
institutions) and insurance -1,813 -1,475
46 Holding companies, except bank
holding companies -224 -9,833
47 Other -3,443 -998
48 Reinvested earnings without
current-cost adjustment (line 5
with sign reversed) -75,944 -79,330
49 Manufacturing -14,479 -14,637
50 Wholesale trade -6,040 -5,317
51 Finance (including depository
institutions) and insurance -7,201 -7,237
52 Holding companies, except bank
holding companies -31,174 -34,836
53 Other -17,050 -17,303
54 Intercompany debt -28,804 19,299
55 Manufacturing -11,030 4,064
56 Wholesale trade -6,566 -1,574
57 Finance (including depository
institutions) and insurance -2,446 -318
58 Holding companies, except bank
holding companies -3,739 8,058
59 Other -5,022 9,070
60 Royalties and license fees, net 15,787 15,954
61 U.S. parents' receipts (table 1,
part of line 9) 17,654 17,899
62 U.S. parents' payments (table 1,
part of line 26) -1,867 -1,945
63 Other private services, net 643 628
64 U.S. parents' receipts (table 1,
part of line 10) 15,450 15,718
65 U.S. parents' payments (table 1,
part of line 27) -14,807 -15,091
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -45,585 -37,919
67 Earnings -38,556 -31,221
68 Distributed earnings -12,745 -15,395
69 Reinvested earnings -25,811 -15,826
70 Reinvested earnings without
current-cost adjustment -24,055 -14,063
71 Current-cost adjustment -1,756 -1,763
72 Interest -7,029 -6,698
73 U.S. affiliates' payments -8,170 -7,818
74 U.S. affiliates' receipts 1,141 1,120
75 Income without current-cost adjustment -43,829 -36,156
76 Manufacturing -20,617 -15,061
77 Wholesale trade -3,965 -4,407
78 Finance (including depository
institutions) and insurance -7,052 -3,540
79 Other -12,195 -13,147
80 Earnings without current-cast
adjustment (line 67 less
line 71) -36,800 -29,458
81 Manufacturing -17,122 -12,106
82 Wholesale trade -3,532 -3,888
83 Finance (including depository
institutions) and insurance -6,894 -3,400
84 Other -9,252 -10,065
85 Interest -7,029 -6,698
86 Manufacturing -3,495 -2,956
87 Wholesale trade -433 -520
88 Finance (including depository
institutions) and insurance (1) -159 -140
89 Other -2,943 -3,082
90 Financial flows (table 1, line 64) 22,202 33,479
91 Equity 2,019 11,636
92 Increases in equity 15,340 18,046
93 Decreases in equity -13,320 -6,410
94 Reinvested earnings (line 69 with
sign reversed) 25,811 15,826
95 Intercompany debt -5,628 6,018
96 U.S. affiliates' payables 7,349 14,733
97 U.S. affiliates' receivables -12,978 -8,715
98 Financial flows without current-cost
adjustment 20,446 31,716
99 Manufacturing 5,897 13,762
100 Wholesale trade 7,844 3,673
101 Finance (including depository
institutions) and insurance -6,455 5,039
102 Other 13,159 9,242
103 Equity 2,019 11,636
104 Manufacturing -39 5,875
105 Wholesale trade 866 -77
106 Finance (including depository
institutions) and insurance -7,581 5,007
107 Other 8,773 831
108 Reinvested earnings without
current-cost adjustment (line 70
with sign reversed) 24,055 14,063
109 Manufacturing 13,545 4,749
110 Wholesale trade 3,052 3,517
111 Finance (including depository
institutions) and insurance 2,328 -1,195
112 Other 5,130 6,991
113 Intercompany debt -5,628 6,018
114 Manufacturing -7,609 3,138
115 Wholesale trade 3,926 233
116 Finance (including depository
institutions) and insurance (2) -1,201 1,227
117 Other -744 1,420
118 Royalties and license fees, net 4,994 4,965
119 U.S. affiliates' payments (table 1,
part of line 26) -5,294 -5,327
120 U.S. affiliates' receipts (table 1,
part of line 9) 1,300 1,362
121 Other private services, net 676 703
122 U.S. affiliates' payments (table 1,
part of line 27) 4,779 4,828
123 U.S. affiliates' receipts (table 1,
part of line 10) 7,455 7,531
Table 8. Transactions in Long-Term Securities
[Millions of dollars]
Line (Credits +; debits -) 2011
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -146,797
2 Stocks, gross purchases by U.S.
residents 4,058,569
3 Stocks, gross sales by U.S.
residents 3,969,524
4 Stocks, net purchases by U.S.
residents -89,045
5 New issues in the United
States (1) n.a.
6 Transactions in outstanding
stocks, net n.a.
Net purchases by U.S.
residents, by area:
7 Europe -25,067
8 Of which: United Kingdom -13,396
9 Canada -5,443
10 Caribbean financial
centers (2) -35,903
11 Latin America, excluding
Caribbean financial
centers -5,931
12 Asia -15,100
13 Of which: Japan 4,246
14 Africa -1,267
15 Other -334
16 Bonds, gross purchases by U.S.
residents 3,588,896
17 Bonds, gross sales by U.S.
residents 3,531,144
18 Bonds, net purchases by U.S.
residents -557,752
19 New issues in the United
States (1) n.a.
20 Transactions in outstanding
bonds, net n.a.
Net purchases by U.S.
residents, by area:
21 Europe -57,116
22 Of which: United Kingdom -69,861
23 Canada -33,586
24 Caribbean financial
centers (2) 19,097
25 Latin America, excluding
Caribbean financial centers -14,169
26 Asia 27,885
27 Of which: Japan -1,609
28 Africa -336
29 Other 473
B1 U.S. securities, excluding
transactions in U.S. Treasury
securities and transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
line 66 or lines 4 + 16 +30
below) -56,442
2 Stocks, gross purchases by
foreign residents 7,694,549
3 Stocks, gross sales by foreign
residents 7,682,151
4 Stocks, net purchases by
foreign residents 12,398
Net purchases by foreign
residents, by area:
5 Europe -36,934
6 Of which: United Kingdom 2,176
7 Canada 14,831
8 Caribbean financial
centers (2) 30,486
9 Latin America, excluding
Caribbean financial
centers 860
10 Asia 1,996
11 Of which: Japan 3,067
12 Africa 801
13 Other 358
14 Corporate bonds, gross purchases
by foreign residents 956,647
15 Corporate bonds, gross sales by
foreign residents 1,025,487
16 Corporate bonds, net purchases
by foreign residents -68,840
17 New issues sold abroad by U.S.
corporations (1) n.a.
18 Transactions in outstanding
bonds, net n.a.
Net purchases by foreign
residents, by area:
19 Europe -98,270
20 Of which: United Kingdom -50,976
21 Canada -823
22 Caribbean financial
centers (2) 16,093
23 Latin America, excluding
Caribbean financial
centers 3,765
24 Asia 14,709
25 Of which: Japan 9,271
26 Africa -21
27 Other -4,293
28 Federally sponsored agency
bonds, gross purchases by
foreign residents 970,698
29 Federally sponsored agency
bonds, gross sales by foreign
residents 970,698
30 Federally sponsored agency
bonds, net purchases by
foreign residents (*)
31 New issues sold abroad by
federally sponsored
agencies (1) n.a.
32 Transactions in outstanding
bonds, net n.a.
Net purchases by foreign
residents, by area:
33 Europe -16,036
34 Of which: United Kingdom 548
35 Canada 3,281
36 Caribbean financial
centers (2) 5,838
37 Latin America, excluding
Caribbean financial
centers 6,586
38 Asia 627
39 Of which: Japan 15,927
40 Africa -221
41 Other -75
C1 U.S. Treasury bonds and notes,
excluding transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
part of line 65) 199,483
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 16,679,789
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 16,480,306
Net purchases by foreign
residents, by area:
4 Europe 156
5 Canada -4,043
6 Caribbean financial
centers (2) 12,854
7 Latin America, excluding
Caribbean financial centers -6,705
8 Asia 39,226
9 Africa 1,871
10 Other 273
Memoranda:
Net purchases of marketable
long-term U.S. securities by
foreign official agencies
included elsewhere in the]
international transactions
accounts, net purchases (+) or
net sales (-) (lines in tables):
1 U.S. Treasury marketable bonds
and notes (line B4) 274,493
2 Other U.S. government securities
(line B6) -12,444
3 U.S. corporate and other bonds
(part of line B16) -934
4 U.S. stocks (part of line B16) 14,952
Not seasonally adjusted
Line (Credits +; debits -) 2011
I II
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -85,472 -57,195
2 Stocks, gross purchases by U.S.
residents 1,115,382 1,041,556
3 Stocks, gross sales by U.S.
residents 1,067,659 1,014,406
4 Stocks, net purchases by U.S.
residents -47,723 -27,150
5 New issues in the United
States (1) n.a. n.a.
6 Transactions in outstanding
stocks, net n.a. n.a.
Net purchases by U.S.
residents, by area:
7 Europe -26,337 -2,604
8 Of which: United Kingdom -19,159 70
9 Canada -1,865 -372
10 Caribbean financial
centers (2) 3,950 -20,403
11 Latin America, excluding
Caribbean financial
centers -4,670 320
12 Asia -18 -2,663
13 Of which: Japan -5,286 3,161
14 Africa 177 323
15 Other -1,153 -1,751
16 Bonds, gross purchases by U.S.
residents 980,857 1,002,268
17 Bonds, gross sales by U.S.
residents 943,108 972,223
18 Bonds, net purchases by U.S.
residents -37,749 -30,045
19 New issues in the United
States (1) n.a. n.a.
20 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by U.S.
residents, by area:
21 Europe -38,199 -44,480
22 Of which: United Kingdom -28,228 -40,030
23 Canada -3,501 -8,892
24 Caribbean financial
centers (2) 6,201 10,873
25 Latin America, excluding
Caribbean financial centers -2,362 -3,442
26 Asia 2,618 12,813
27 Of which: Japan -4,247 1,335
28 Africa 729 -394
29 Other -3,235 3,477
B1 U.S. securities, excluding
transactions in U.S. Treasury
securities and transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
line 66 or lines 4 + 16 +30
below) 4,338 -5,108
2 Stocks, gross purchases by
foreign residents 1,895,452 1,924,179
3 Stocks, gross sales by foreign
residents 1,863,304 1,898,511
4 Stocks, net purchases by
foreign residents 32,148 25,668
Net purchases by foreign
residents, by area:
5 Europe 9,946 6,908
6 Of which: United Kingdom 12,238 5,819
7 Canada 4,147 9,949
8 Caribbean financial
centers (2) 20,509 4,055
9 Latin America, excluding
Caribbean financial
centers 1,926 654
10 Asia -4,304 2,677
11 Of which: Japan -1,330 13
12 Africa 50 88
13 Other -126 1,337
14 Corporate bonds, gross purchases
by foreign residents 289,671 276,332
15 Corporate bonds, gross sales by
foreign residents 299,559 294,294
16 Corporate bonds, net purchases
by foreign residents -9,888 -17,962
17 New issues sold abroad by U.S.
corporations (1) n.a. n.a.
18 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by foreign
residents, by area:
19 Europe -22,540 -26,327
20 Of which: United Kingdom -15,358 -16,537
21 Canada -70 -83
22 Caribbean financial
centers (2) 8,157 1,110
23 Latin America, excluding
Caribbean financial
centers 1,776 278
24 Asia 3,337 6,163
25 Of which: Japan 2,305 2,695
26 Africa 45 9
27 Other -593 888
28 Federally sponsored agency
bonds, gross purchases by
foreign residents 216,628 208,974
29 Federally sponsored agency
bonds, gross sales by foreign
residents 234,550 221,788
30 Federally sponsored agency
bonds, net purchases by
foreign residents -17,922 -12,814
31 New issues sold abroad by
federally sponsored
agencies (1) n.a. n.a.
32 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by foreign
residents, by area:
33 Europe 2,976 -20,684
34 Of which: United Kingdom 11,549 -17,229
35 Canada 1,173 2,080
36 Caribbean financial
centers (2) -10,703 9,265
37 Latin America, excluding
Caribbean financial
centers 393 80
38 Asia -11,488 -3,255
39 Of which: Japan -2,057 2,981
40 Africa -43 -87
41 Other -230 -213
C1 U.S. Treasury bonds and notes,
excluding transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
part of line 65) 55,835 595
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 4,387,827 4,351,236
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 4,331,992 4,350,641
Net purchases by foreign
residents, by area:
4 Europe 54,202 20,940
5 Canada 8,536 -20,054
6 Caribbean financial
centers (2) -9,205 3,988
7 Latin America, excluding
Caribbean financial centers -13,933 6,129
8 Asia 16,211 -10,977
9 Africa 1,483 -57
10 Other -1,459 626
Memoranda:
Net purchases of marketable
long-term U.S. securities by
foreign official agencies
included elsewhere in the]
international transactions
accounts, net purchases (+) or
net sales (-) (lines in tables):
1 U.S. Treasury marketable bonds
and notes (line B4) 100,820 109,668
2 Other U.S. government securities
(line B6) 11,445 -7,179
3 U.S. corporate and other bonds
(part of line B16) -1,085 -2,010
4 U.S. stocks (part of line B16) 6,716 8,648
Not seasonally adjusted
Line (Credits +; debits -) 2011
III IV
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -40,110 35,980
2 Stocks, gross purchases by U.S.
residents 1,025,031 876,600
3 Stocks, gross sales by U.S.
residents 1,002,229 885,230
4 Stocks, net purchases by U.S.
residents -22,802 8,630
5 New issues in the United
States (1) n.a. n.a.
6 Transactions in outstanding
stocks, net n.a. n.a.
Net purchases by U.S.
residents, by area:
7 Europe -5,702 9,576
8 Of which: United Kingdom -1,874 7,567
9 Canada -4,436 1,230
10 Caribbean financial
centers (2) -18,436 -1,014
11 Latin America, excluding
Caribbean financial
centers 169 -1,750
12 Asia 6,056 -668
13 Of which: Japan 6,028 343
14 Africa -1,659 -108
15 Other 1,206 1,364
16 Bonds, gross purchases by U.S.
residents 812,382 793,389
17 Bonds, gross sales by U.S.
residents 795,074 820,739
18 Bonds, net purchases by U.S.
residents -17,308 27,350
19 New issues in the United
States (1) n.a. n.a.
20 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by U.S.
residents, by area:
21 Europe -3,521 29,084
22 Of which: United Kingdom -15,810 14,207
23 Canada -11,520 -9,673
24 Caribbean financial
centers (2) -755 2,778
25 Latin America, excluding
Caribbean financial centers -8,420 55
26 Asia 8,227 4,227
27 Of which: Japan 1,706 -403
28 Africa -495 -176
29 Other -824 1,055
B1 U.S. securities, excluding
transactions in U.S. Treasury
securities and transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
line 66 or lines 4 + 16 +30
below) -20,396 -35,276
2 Stocks, gross purchases by
foreign residents 2,139,525 1,735,393
3 Stocks, gross sales by foreign
residents 2,167,803 1,752,533
4 Stocks, net purchases by
foreign residents -28,278 -17,140
Net purchases by foreign
residents, by area:
5 Europe -35,533 -18,255
6 Of which: United Kingdom -10,024 -5,857
7 Canada 337 398
8 Caribbean financial
centers (2) 2,837 3,085
9 Latin America, excluding
Caribbean financial
centers -1,259 -461
10 Asia 5,200 -1,577
11 Of which: Japan 4,493 -109
12 Africa -245 908
13 Other 385 -1,238
14 Corporate bonds, gross purchases
by foreign residents 213,212 177,432
15 Corporate bonds, gross sales by
foreign residents 222,948 208,686
16 Corporate bonds, net purchases
by foreign residents -9,736 -31,254
17 New issues sold abroad by U.S.
corporations (1) n.a. n.a.
18 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by foreign
residents, by area:
19 Europe -14,083 -35,320
20 Of which: United Kingdom -75 -19,006
21 Canada -1,217 547
22 Caribbean financial
centers (2) 5,929 897
23 Latin America, excluding
Caribbean financial
centers 647 1,064
24 Asia 364 4,845
25 Of which: Japan 501 3,770
26 Africa -87 12
27 Other -1,289 -3,299
28 Federally sponsored agency
bonds, gross purchases by
foreign residents 278,774 266,322
29 Federally sponsored agency
bonds, gross sales by foreign
residents 261,156 253,204
30 Federally sponsored agency
bonds, net purchases by
foreign residents 17,618 13,118
31 New issues sold abroad by
federally sponsored
agencies (1) n.a. n.a.
32 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by foreign
residents, by area:
33 Europe -3 4,682
34 Of which: United Kingdom -641 6,869
35 Canada -14 42
36 Caribbean financial
centers (2) 9,530 -2,254
37 Latin America, excluding
Caribbean financial
centers 2,140 3,973
38 Asia 8,818 6,552
39 Of which: Japan 10,383 4,620
40 Africa -18 -73
41 Other 172 196
C1 U.S. Treasury bonds and notes,
excluding transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
part of line 65) 101,379 41,674
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 4,560,198 3,380,528
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 4,458,819 3,338,854
Net purchases by foreign
residents, by area:
4 Europe 75,802 5,063
5 Canada 2,049 5,426
6 Caribbean financial
centers (2) 18,426 -355
7 Latin America, excluding
Caribbean financial centers -569 1,668
8 Asia 6,337 27,655
9 Africa 250 195
10 Other -916 2,022
Memoranda:
Net purchases of marketable
long-term U.S. securities by
foreign official agencies
included elsewhere in the]
international transactions
accounts, net purchases (+) or
net sales (-) (lines in tables):
1 U.S. Treasury marketable bonds
and notes (line B4) 53,811 10,194
2 Other U.S. government securities
(line B6) -16,866 156
3 U.S. corporate and other bonds
(part of line B16) 1,896 265
4 U.S. stocks (part of line B16) -664 252
Not seasonally adjusted
Line (Credits +; debits -) 2012
I (r) II (p)
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) 3,604 5,537
2 Stocks, gross purchases by U.S.
residents 945,740 881,122
3 Stocks, gross sales by U.S.
residents 930,938 860,148
4 Stocks, net purchases by U.S.
residents -14,802 -20,974
5 New issues in the United
States (1) n.a. n.a.
6 Transactions in outstanding
stocks, net n.a. n.a.
Net purchases by U.S.
residents, by area:
7 Europe -2,358 -15,082
8 Of which: United Kingdom -1,600 -15,899
9 Canada -570 -1,511
10 Caribbean financial
centers (2) 2,094 -3,070
11 Latin America, excluding
Caribbean financial
centers -2,025 -442
12 Asia -11,612 250
13 Of which: Japan -2,486 -1,332
14 Africa -963 -335
15 Other 632 -784
16 Bonds, gross purchases by U.S.
residents 952,456 924,408
17 Bonds, gross sales by U.S.
residents 970,862 950,919
18 Bonds, net purchases by U.S.
residents 18,406 26,511
19 New issues in the United
States (1) n.a. n.a.
20 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by U.S.
residents, by area:
21 Europe 32,726 -6,380
22 Of which: United Kingdom 25,939 -12,477
23 Canada -6,694 -5,133
24 Caribbean financial
centers (2) -6,681 5,324
25 Latin America, excluding
Caribbean financial centers -7,267 -367
26 Asia 7,667 20,602
27 Of which: Japan 2,740 740
28 Africa 561 1,095
29 Other -1,906, 11,370
B1 U.S. securities, excluding
transactions in U.S. Treasury
securities and transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
line 66 or lines 4 + 16 +30
below) 3,654 -43,174
2 Stocks, gross purchases by
foreign residents 1,754,294, 1,771,458
3 Stocks, gross sales by foreign
residents 1,735,411 1,780,038
4 Stocks, net purchases by
foreign residents 18,883 -8,580
Net purchases by foreign
residents, by area:
5 Europe 16 1,499
6 Of which: United Kingdom 9,807 4,064
7 Canada 2,886 2,291
8 Caribbean financial
centers (2) 4,908 -12,630
9 Latin America, excluding
Caribbean financial
centers -106 627
10 Asia -5,643 281
11 Of which: Japan -5,568 -1,853
12 Africa 64 170
13 Other 908 -818
14 Corporate bonds, gross purchases
by foreign residents 262,482 206,683
15 Corporate bonds, gross sales by
foreign residents 277,314 240,012
16 Corporate bonds, net purchases
by foreign residents -14,832 -33,329
17 New issues sold abroad by U.S.
corporations (1) n.a. n.a.
18 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by foreign
residents, by area:
19 Europe -20,673 -35,281
20 Of which: United Kingdom -15,784 -26,536
21 Canada -5,811 3,648
22 Caribbean financial
centers (2) 6,395 -1,538
23 Latin America, excluding
Caribbean financial
centers 439 803
24 Asia 7,388 -415
25 Of which: Japan 4,389 -1,470
26 Africa 42 -67
27 Other -2,612 -479
28 Federally sponsored agency
bonds, gross purchases by
foreign residents 262,113 331,244
29 Federally sponsored agency
bonds, gross sales by foreign
residents 262,510 332,509
30 Federally sponsored agency
bonds, net purchases by
foreign residents -397 -1,265
31 New issues sold abroad by
federally sponsored
agencies (1) n.a. n.a.
32 Transactions in outstanding
bonds, net n.a. n.a.
Net purchases by foreign
residents, by area:
33 Europe -6,679 -3,902
34 Of which: United Kingdom -619 -5,140
35 Canada -1,539 -165
36 Caribbean financial
centers (2) -3,567 -2,198
37 Latin America, excluding
Caribbean financial
centers 1,777 1,727
38 Asia 9,564 2,899
39 Of which: Japan 6,109 4,208
40 Africa -2 6
41 Other 49 368
C1 U.S. Treasury bonds and notes,
excluding transactions of
foreign official agencies, net
purchases (+) or net sales (-)
by foreign residents (table 1,
part of line 65) 56,501 21,172
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 3,762,454 3,632,336
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 3,705,953 3,611,164
Net purchases by foreign
residents, by area:
4 Europe 7,923 26,221
5 Canada 18,053 7,553
6 Caribbean financial
centers (2) -1,513 4,772
7 Latin America, excluding
Caribbean financial centers 835 -2,749
8 Asia 29,297 -17,241
9 Africa 1,287 14
10 Other 619 2,602
Memoranda:
Net purchases of marketable
long-term U.S. securities by
foreign official agencies
included elsewhere in the]
international transactions
accounts, net purchases (+) or
net sales (-) (lines in tables):
1 U.S. Treasury marketable bonds
and notes (line B4) 85,762 77,233
2 Other U.S. government securities
(line B6) 363 -14,145
3 U.S. corporate and other bonds
(part of line B16) 296 -1,723
4 U.S. stocks (part of line B16) 456 5,344