Table 8. Transactions in long-term securities.

Weinberg, Douglas B. ; Whitaker, Erin M.

Table 8. Transactions in Long-Term Securities

[Millions of dollars]

Line               (Credits +; debits-)           2008       2009 (p)

A1    Foreign securities, net purchases (-)
          or net sales (+) by U.S.
          residents (table 1, line 52
          or lines 4 + 18 below)                   60,761     -221,539
 2      Stocks, gross purchases by U.S.
          residents                             5,433,672    3,225,386
 3      Stocks, gross sales by U.S.
          residents                             5,432,338    3,156,781
 4      Stocks, net purchases by U.S.
            residents                              -1,334      -68,605
 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                                 11,340      -12,404
 8            Of which: United Kingdom             -8,637      -27,219
 9          Canada                                 -3,398       -7,085
10          Caribbean financial
              centers (2)                         -52,569      -11,663
11          Latin America, excluding
              Caribbean financial
              centers                              -4,971      -17,333
12          Asia                                   50,976      -16,220
13            Of which: Japan                      21,795       -2,409
14          Africa                                 -1,866        2,291
15          Other                                    -846       -6,191
16      Bonds, gross purchases by
          U.S. residents                        2,208,536    2,104,074
17      Bonds, gross sales by
          U.S. residents                        2,270,631    1,951,140
18      Bonds, net purchases by
            U.S. residents                         62,095     -152,934
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                                 31,574      -70,828
22            Of which: United Kingdom              2,407         -390
23          Canada                                  5,051      -34,837
24          Caribbean financial
              centers (2)                          -9,678       13,031
25          Latin America, excluding
              Caribbean financial
              centers                              26,317      -14,588
26          Asia                                   26,249       12,988
27            Of which: Japan                      -3,316        4,148
28          Africa                                  3,778        1,779
29          Other                                 -21,196      -60,479

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)                                 -126,737       -6,614
 2      Stocks, gross purchases by foreign
          residents                            11,980,596    6,570,376
 3      Stocks, gross sales by foreign
          residents                            11,923,511    6,440,192
 4      Stocks, net purchases by foreign
            residents                              57,085      130,184
          Net purchases by foreign
              residents, by area:
 5          Europe                                  4,272       59,333
 6            Of which: United Kingdom             28,549       31,477
 7          Canada                                  6,688       -3,027
 8          Caribbean financial
              centers (2)                           2,961       34,902
 9          Latin America, excluding
              Caribbean financial
              centers                               3,681        5,197
10          Asia                                   43,960       32,236
11            Of which: Japan                      20,676       12,082
12          Africa                                 -4,687         -801
13          Other                                     210        2,344
14      Corporate bonds, gross purchases
          by foreign residents                  1,407,681    1,167,694
15      Corporate bonds, gross sales
          by foreign residents                  1,406,711    1,254,339
16      Corporate bonds, net purchases
            by foreign residents                      970      -86,645
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                                -62,475      -99,977
20            Of which: United Kingdom            -38,037      -59,414
21          Canada                                      7        6,688
22          Caribbean financial
              centers (2)                          22,187        1,585
23          Latin America, excluding
              Caribbean financial
              centers                               1,718        3,806
24          Asia                                   32,262        2,442
25            Of which: Japan                      21,616       -2,260
26          Africa                                   -441          106
27          Other                                     672       -1,295
28      Federally sponsored agency bonds,
          gross purchases by foreign
          residents                             2,260,981      888,485
29      Federally sponsored agency bonds,
          gross sales by foreign residents      2,445,773      938,638
30      Federally sponsored agency bonds,
            net purchases by foreign
            residents                            -184,792      -50,153
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                                    944       -7,616
34            Of which: United Kingdom             59,240        2,290
35          Canada                                  4,883        1,515
36          Caribbean financial centers (2)      -100,095      -28,040
37          Latin America, excluding
              Caribbean financial
              centers                                 780         -375
38          Asia                                  -87,768      -10,871
39            Of which: Japan                     -37,241       -2,242
40          Africa                                 -2,750       -1,808
41          Other                                    -786       -2,958

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)               13,012      101,538
 2      U.S. Treasury bonds and notes,
          gross purchases by foreign
          residents                            13,659,749   10,687,170
 3      U.S. Treasury bonds and notes,
          gross sales by foreign
          residents                            13,646,737   10,585,632
        Net purchases by foreign
            residents, by area:
 4        Europe                                  -65,850      -74,060
 5        Canada                                   -5,738       42,260
 6        Caribbean financial centers (2)          17,595        3,927
 7        Latin America, excluding
            Caribbean financial centers            -5,057        6,135
 8        Asia                                     69,298      119,876
 9        Africa                                    7,051        1,130
10        Other                                    -4,287        2,270
      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 table 5):
 1      U.S. Treasury marketable
          bonds and notes (line B4)               205,151      426,664
 2      Other U.S. government
          securities (line B6)                     65,846      -39,017
 3      U.S. corporate and other bonds
          (part of line B16)                       34,978       -2,085
 4      U.S. stocks (part of line B16)             53,362       11,679

                                                    Not seasonally
                                                       adjusted

Line               (Credits +; debits-)                  2008

                                                    I           II

A1    Foreign securities, net purchases (-)
          or net sales (+) by U.S.
          residents (table 1, line 52
          or lines 4 + 18 below)                  -47,870      -40,566
 2      Stocks, gross purchases by U.S.
          residents                             1,481,451    1,522,815
 3      Stocks, gross sales by U.S.
          residents                             1,453,546    1,500,552
 4      Stocks, net purchases by U.S.
            residents                             -27,905      -22,263
 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                                -14,604      -11,409
 8            Of which: United Kingdom            -12,530      -16,311
 9          Canada                                 -4,163       -6,215
10          Caribbean financial
              centers (2)                         -13,621       -6,902
11          Latin America, excluding
              Caribbean financial
              centers                                -224          441
12          Asia                                    3,688        5,995
13            Of which: Japan                         -29        2,526
14          Africa                                   -170       -1,910
15          Other                                   1,189       -2,263
16      Bonds, gross purchases by
          U.S. residents                          774,685      583,530
17      Bonds, gross sales by
          U.S. residents                          754,720      565,227
18      Bonds, net purchases by
            U.S. residents                        -19,965      -18,303
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                                -26,925      -16,357
22            Of which: United Kingdom             -9,179      -10,387
23          Canada                                  5,444       -4,820
24          Caribbean financial
              centers (2)                          -5,459       -5,282
25          Latin America, excluding
              Caribbean financial
              centers                              13,847        1,066
26          Asia                                    9,838       16,610
27            Of which: Japan                       2,536          440
28          Africa                                    457          991
29          Other                                 -17,167      -10,511

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)                                  -15,179       19,983
 2      Stocks, gross purchases by foreign
          residents                             3,402,744    3,037,634
 3      Stocks, gross sales by foreign
          residents                             3,367,043    3,015,431
 4      Stocks, net purchases by foreign
            residents                              35,701       22,203
          Net purchases by foreign
              residents, by area:
 5          Europe                                  1,013        3,008
 6            Of which: United Kingdom             -6,900       13,232
 7          Canada                                  1,698        3,897
 8          Caribbean financial
              centers (2)                          14,116          561
 9          Latin America, excluding
              Caribbean financial
              centers                               1,531          815
10          Asia                                   19,486       12,530
11            Of which: Japan                       4,728        1,773
12          Africa                                 -2,592         -289
13          Other                                     449        1,681
14      Corporate bonds, gross purchases
          by foreign residents                    386,402      453,128
15      Corporate bonds, gross sales
          by foreign residents                    396,721      402,594
16      Corporate bonds, net purchases
            by foreign residents                  -10,319       50,534
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                                -25,350        2,408
20            Of which: United Kingdom            -17,871       -1,873
21          Canada                                  1,355        3,224
22          Caribbean financial
              centers (2)                            -110       27,622
23          Latin America, excluding
              Caribbean financial
              centers                               1,635         -172
24          Asia                                   12,045       16,381
25            Of which: Japan                       9,212        9,382
26          Africa                                    -84          -32
27          Other                                     190        1,103
28      Federally sponsored agency bonds,
          gross purchases by foreign
          residents                               772,563      620,430
29      Federally sponsored agency bonds,
          gross sales by foreign residents        813,124      673,184
30      Federally sponsored agency bonds,
            net purchases by foreign
            residents                             -40,561      -52,754
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                                 14,029          -13
34            Of which: United Kingdom             15,505        9,422
35          Canada                                  4,143        3,743
36          Caribbean financial centers (2)       -37,295      -23,815
37          Latin America, excluding
              Caribbean financial
              centers                                -188          753
38          Asia                                  -21,371      -19,511
39            Of which: Japan                         677       -7,564
40          Africa                                   -585         -838
41          Other                                     706         -284

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)              -33,760       21,846
 2      U.S. Treasury bonds and notes,
          gross purchases by foreign
          residents                             4,161,215    3,510,370
 3      U.S. Treasury bonds and notes,
          gross sales by foreign
          residents                             4,194,975    3,488,524
        Net purchases by foreign
            residents, by area:
 4        Europe                                  -45,850        5,895
 5        Canada                                    2,472        6,921
 6        Caribbean financial centers (2)         -27,798        8,393
 7        Latin America, excluding
            Caribbean financial centers             1,725       -2,612
 8        Asia                                     34,444        1,606
 9        Africa                                    1,838        2,243
10        Other                                      -591         -600
      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 table 5):
 1      U.S. Treasury marketable
          bonds and notes (line B4)               101,154       52,053
 2      Other U.S. government
          securities (line B6)                     79,234       93,145
 3      U.S. corporate and other bonds
          (part of line B16)                       12,407       20,720
 4      U.S. stocks (part of line B16)             33,528       15,999

                                                    Not seasonally
                                                       adjusted

Line               (Credits +; debits-)                  2008

                                                   III          IV

A1    Foreign securities, net purchases (-)
          or net sales (+) by U.S.
          residents (table 1, line 52
          or lines 4 + 18 below)                   79,182       70,015
 2      Stocks, gross purchases by U.S.
          residents                             1,458,686      970,720
 3      Stocks, gross sales by U.S.
          residents                             1,472,428    1,005,812
 4      Stocks, net purchases by U.S.
            residents                              13,742       35,092
 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                                 14,344       23,009
 8            Of which: United Kingdom              8,631       11,573
 9          Canada                                  4,388        2,592
10          Caribbean financial
              centers (2)                         -24,439       -7,607
11          Latin America, excluding
              Caribbean financial
              centers                              -4,533         -655
12          Asia                                   24,702       16,591
13            Of which: Japan                      10,249        9,049
14          Africa                                    -66          280
15          Other                                    -654          882
16      Bonds, gross purchases by
          U.S. residents                          478,666      371,655
17      Bonds, gross sales by
          U.S. residents                          544,106      406,578
18      Bonds, net purchases by
            U.S. residents                         65,440       34,923
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                                 52,178       22,678
22            Of which: United Kingdom              7,416       14,557
23          Canada                                  1,103        3,324
24          Caribbean financial
              centers (2)                          -1,303        2,366
25          Latin America, excluding
              Caribbean financial
              centers                               4,857        6,547
26          Asia                                      850       -1,049
27            Of which: Japan                      -2,826       -3,466
28          Africa                                  1,895          435
29          Other                                   5,860          622

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)                                 -102,512      -29,029
 2      Stocks, gross purchases by foreign
          residents                             3,334,799    2,205,419
 3      Stocks, gross sales by foreign
          residents                             3,331,767    2,209,270
 4      Stocks, net purchases by foreign
            residents                               3,032       -3,851
          Net purchases by foreign
              residents, by area:
 5          Europe                                  5,685       -5,434
 6            Of which: United Kingdom             18,278        3,939
 7          Canada                                    696          397
 8          Caribbean financial
              centers (2)                           3,011      -14,727
 9          Latin America, excluding
              Caribbean financial
              centers                               2,214         -879
10          Asia                                   -6,362       18,306
11            Of which: Japan                       1,594       12,581
12          Africa                                 -1,831           25
13          Other                                    -381       -1,539
14      Corporate bonds, gross purchases
          by foreign residents                    266,653      301,498
15      Corporate bonds, gross sales
          by foreign residents                    302,121      305,275
16      Corporate bonds, net purchases
            by foreign residents                  -35,468       -3,777
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                                -31,569       -7,964
20            Of which: United Kingdom            -12,083       -6,210
21          Canada                                    263        2,205
22          Caribbean financial
              centers (2)                          -7,405        2,080
23          Latin America, excluding
              Caribbean financial
              centers                                 288          -33
24          Asia                                    4,738         -902
25            Of which: Japan                       4,448       -1,426
26          Africa                                   -271          -54
27          Other                                  -1,512          891
28      Federally sponsored agency bonds,
          gross purchases by foreign
          residents                               458,500      409,488
29      Federally sponsored agency bonds,
          gross sales by foreign residents        528,576      430,889
30      Federally sponsored agency bonds,
            net purchases by foreign
            residents                             -70,076      -21,401
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                                -30,805       30,522
34            Of which: United Kingdom             -8,456       42,769
35          Canada                                 -2,251         -752
36          Caribbean financial centers (2)        -2,491      -36,494
37          Latin America, excluding
              Caribbean financial
              centers                                 305          -90
38          Asia                                  -33,727      -13,159
39            Of which: Japan                     -23,835       -6,519
40          Africa                                   -533         -794
41          Other                                    -574         -634

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)                4,061       20,865
 2      U.S. Treasury bonds and notes,
          gross purchases by foreign
          residents                             3,675,083    2,313,081
 3      U.S. Treasury bonds and notes,
          gross sales by foreign
          residents                             3,671,022    2,292,216
        Net purchases by foreign
            residents, by area:
 4        Europe                                  -15,976       -9,919
 5        Canada                                   -6,679       -8,452
 6        Caribbean financial centers (2)          25,305       11,695
 7        Latin America, excluding
            Caribbean financial centers               465       -4,635
 8        Asia                                      1,226       32,022
 9        Africa                                      369        2,601
10        Other                                      -649       -2,447
      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 table 5):
 1      U.S. Treasury marketable
          bonds and notes (line B4)                67,128      -15,184
 2      Other U.S. government
          securities (line B6)                    -10,559      -95,974
 3      U.S. corporate and other bonds
          (part of line B16)                       -1,488        3,339
 4      U.S. stocks (part of line B16)               -298        4,133

                                                    Not seasonally
                                                       adjusted

Line               (Credits +; debits-)                  2009

                                                    I           II

A1    Foreign securities, net purchases (-)
          or net sales (+) by U.S.
          residents (table 1, line 52
          or lines 4 + 18 below)                  -36,201      -92,589
 2      Stocks, gross purchases by U.S.
          residents                               695,575      829,286
 3      Stocks, gross sales by U.S.
          residents                               693,742      791,559
 4      Stocks, net purchases by U.S.
            residents                              -1,833      -37,727
 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                                 12,429      -21,370
 8            Of which: United Kingdom              7,817      -21,121
 9          Canada                                    -95         -927
10          Caribbean financial
              centers (2)                         -13,208       -3,428
11          Latin America, excluding
              Caribbean financial
              centers                                -819       -3,267
12          Asia                                    2,122       -8,831
13            Of which: Japan                       3,459       -1,222
14          Africa                                    173          711
15          Other                                  -2,435         -615
16      Bonds, gross purchases by
          U.S. residents                          380,116      521,774
17      Bonds, gross sales by
          U.S. residents                          345,748      466,912
18      Bonds, net purchases by
            U.S. residents                        -34,368      -54,862
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                                -25,611      -30,889
22            Of which: United Kingdom             -2,792       -8,329
23          Canada                                     56      -18,291
24          Caribbean financial
              centers (2)                          -3,711        4,615
25          Latin America, excluding
              Caribbean financial
              centers                                -327          313
26          Asia                                    3,847        4,543
27            Of which: Japan                       3,039       -1,773
28          Africa                                  1,160          936
29          Other                                  -9,782      -16,089

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)                                  -55,992       13,917
 2      Stocks, gross purchases by foreign
          residents                             1,614,469    1,667,626
 3      Stocks, gross sales by foreign
          residents                             1,608,366    1,632,070
 4      Stocks, net purchases by foreign
            residents                               6,103       35,556
          Net purchases by foreign
              residents, by area:
 5          Europe                                  4,765       11,015
 6            Of which: United Kingdom              4,423        5,493
 7          Canada                                 -7,018        2,329
 8          Caribbean financial
              centers (2)                             246       14,974
 9          Latin America, excluding
              Caribbean financial
              centers                                 -16          941
10          Asia                                   10,095        5,760
11            Of which: Japan                       7,101        2,437
12          Africa                                 -1,007          -34
13          Other                                    -962          571
14      Corporate bonds, gross purchases
          by foreign residents                    350,864      291,571
15      Corporate bonds, gross sales
          by foreign residents                    363,219      313,558
16      Corporate bonds, net purchases
            by foreign residents                  -12,355      -21,987
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                                -13,174      -29,273
20            Of which: United Kingdom             -2,460      -15,395
21          Canada                                  5,902        1,093
22          Caribbean financial
              centers (2)                          -3,533        3,719
23          Latin America, excluding
              Caribbean financial
              centers                                 143        1,950
24          Asia                                      206            3
25            Of which: Japan                      -3,910        2,368
26          Africa                                    -22          177
27          Other                                  -1,877       -2,409
28      Federally sponsored agency bonds,
          gross purchases by foreign
          residents                               270,118      252,154
29      Federally sponsored agency bonds,
          gross sales by foreign residents        319,858      251,806
30      Federally sponsored agency bonds,
            net purchases by foreign
            residents                             -49,740          348
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                                -16,400        2,295
34            Of which: United Kingdom             -5,147       -1,154
35          Canada                                 -1,264        2,902
36          Caribbean financial centers (2)       -15,273       -6,334
37          Latin America, excluding
              Caribbean financial
              centers                                -546         -908
38          Asia                                  -14,528        3,419
39            Of which: Japan                      -7,857        6,665
40          Africa                                   -983         -202
41          Other                                    -746         -824

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)               36,290          387
 2      U.S. Treasury bonds and notes,
          gross purchases by foreign
          residents                             2,020,743    2,540,773
 3      U.S. Treasury bonds and notes,
          gross sales by foreign
          residents                             1,984,453    2,540,386
        Net purchases by foreign
            residents, by area:
 4        Europe                                  -25,957      -31,265
 5        Canada                                    2,798        7,473
 6        Caribbean financial centers (2)          14,883      -16,772
 7        Latin America, excluding
            Caribbean financial centers            -6,918        7,061
 8        Asia                                     54,615       32,590
 9        Africa                                      463          359
10        Other                                    -3,594          941
      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 table 5):
 1      U.S. Treasury marketable
          bonds and notes (line B4)                34,941      102,988
 2      Other U.S. government
          securities (line B6)                        256       -3,052
 3      U.S. corporate and other bonds
          (part of line B16)                         -327          101
 4      U.S. stocks (part of line B16)              1,825        3,041

                                                   Not seasonally
                                                      adjusted

Line               (Credits +; debits-)                 2009

                                                 III (r)      IV (p)

A1    Foreign securities, net purchases (-)
          or net sales (+) by U.S.
          residents (table 1, line 52
          or lines 4 + 18 below)                  -46,967      -45,782
 2      Stocks, gross purchases by U.S.
          residents                               820,264      880,261
 3      Stocks, gross sales by U.S.
          residents                               794,059      877,421
 4      Stocks, net purchases by U.S.
            residents                             -26,205       -2,840
 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                                -13,272        9,809
 8            Of which: United Kingdom            -15,222        1,307
 9          Canada                                 -2,890       -3,173
10          Caribbean financial
              centers (2)                           5,863         -890
11          Latin America, excluding
              Caribbean financial
              centers                              -6,169       -7,078
12          Asia                                   -7,909       -1,602
13            Of which: Japan                      -1,270       -3,376
14          Africa                                    826          581
15          Other                                  -2,654         -487
16      Bonds, gross purchases by
          U.S. residents                          545,498      656,686
17      Bonds, gross sales by
          U.S. residents                          524,736      613,744
18      Bonds, net purchases by
            U.S. residents                        -20,762      -42,942
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                                  5,733      -20,061
22            Of which: United Kingdom              8,500        2,231
23          Canada                                -12,172       -4,430
24          Caribbean financial
              centers (2)                           3,726        8,401
25          Latin America, excluding
              Caribbean financial
              centers                              -4,825       -9,749
26          Asia                                    2,409        2,189
27            Of which: Japan                       3,195         -313
28          Africa                                   -327           10
29          Other                                 -15,306      -19,302

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)                                   28,732        6,729
 2      Stocks, gross purchases by foreign
          residents                             1,583,312    1,704,969
 3      Stocks, gross sales by foreign
          residents                             1,532,171    1,667,585
 4      Stocks, net purchases by foreign
            residents                              51,141       37,384
          Net purchases by foreign
              residents, by area:
 5          Europe                                 30,545       13,008
 6            Of which: United Kingdom             13,946        7,615
 7          Canada                                  2,234         -572
 8          Caribbean financial
              centers (2)                           6,233       13,449
 9          Latin America, excluding
              Caribbean financial
              centers                               1,235        3,037
10          Asia                                    9,566        6,815
11            Of which: Japan                       2,292          252
12          Africa                                    -40          280
13          Other                                   1,368        1,367
14      Corporate bonds, gross purchases
          by foreign residents                    269,145      256,114
15      Corporate bonds, gross sales
          by foreign residents                    297,979      279,583
16      Corporate bonds, net purchases
            by foreign residents                  -28,834      -23,469
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                                -33,493      -24,037
20            Of which: United Kingdom            -26,582      -14,977
21          Canada                                   -946          639
22          Caribbean financial
              centers (2)                             843          556
23          Latin America, excluding
              Caribbean financial
              centers                               1,014          699
24          Asia                                        3       -3,835
25            Of which: Japan                       2,156           -3
26          Africa                                     -4          -45
27          Other                                     437        2,554
28      Federally sponsored agency bonds,
          gross purchases by foreign
          residents                               198,252      167,961
29      Federally sponsored agency bonds,
          gross sales by foreign residents        191,827      175,147
30      Federally sponsored agency bonds,
            net purchases by foreign
            residents                               6,425       -7,186
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                                  6,953         -464
34            Of which: United Kingdom              5,359        3,232
35          Canada                                  1,475       -1,598
36          Caribbean financial centers (2)        -5,675         -758
37          Latin America, excluding
              Caribbean financial
              centers                                 328          751
38          Asia                                    3,959       -3,721
39            Of which: Japan                       2,842       -3,692
40          Africa                                   -251         -372
41          Other                                    -364       -1,024

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)                3,567       61,294
 2      U.S. Treasury bonds and notes,
          gross purchases by foreign
          residents                             2,897,827    3,227,827
 3      U.S. Treasury bonds and notes,
          gross sales by foreign
          residents                             2,894,260    3,166,533
        Net purchases by foreign
            residents, by area:
 4        Europe                                  -15,329       -1,509
 5        Canada                                   15,723       16,266
 6        Caribbean financial centers (2)         -13,237       19,053
 7        Latin America, excluding
            Caribbean financial centers                98        5,894
 8        Asia                                     13,430       19,241
 9        Africa                                      230           78
10        Other                                     2,652        2,271
      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 table 5):
 1      U.S. Treasury marketable
          bonds and notes (line B4)                99,893      188,842
 2      Other U.S. government
          securities (line B6)                    -29,608       -6,613
 3      U.S. corporate and other bonds
          (part of line B16)                       -1,383         -476
 4      U.S. stocks (part of line B16)              4,986        1,827

See the footnotes on pages 60-61.