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Table 4. Investment Income [Millions of dollars] Line 2007 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 814,807 2 Direct investment receipts (table 1, line 14) 368,275 3 Earnings 361,869 4 Interest 6,407 5 Other private receipts (table 1, line 15) 444,299 6 Income on foreign securities 193,961 7 Dividends 114,617 8 Interest 79,344 9 Interest on claims reported by banks 184,055 10 Banks' own claims 142,587 11 Banks' customers' claims 41,468 12 Interest on claims reported by nonbanking concerns 66,284 13 U.S. government receipts (table 1, line 16) 2,233 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 726,031 15 Direct investment payments (table 1, line 31) 134,414 16 Earnings 109,784 17 Interest 24,630 18 Other private payments (table 1, line 32) 426,515 19 Income on U.S. corporate securities 193,880 20 Dividends 54,344 21 Interest 139,536 22 Interest on liabilities reported by banks 189,884 23 Banks' own liabilities 147,141 24 Banks' customers' liabilities 42,743 25 Interest on liabilities reported by nonbanking concerns 42,751 26 U.S. government payments (table 1, line 33) 165,102 Memorandum: 27 Balance on investment income (line 1 minus line 14) 88,776 Not seasonally adjusted Line 2007 I II 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 184,606 203,160 2 Direct investment receipts (table 1, line 14) 81,973 91,434 3 Earnings 80,452 89,925 4 Interest 1,521 1,509 5 Other private receipts (table 1, line 15) 102,063 111,187 6 Income on foreign securities 43,916 47,155 7 Dividends 25,140 27,342 8 Interest 18,776 19,813 9 Interest on claims reported by banks 42,990 47,043 10 Banks' own claims 33,527 36,860 11 Banks' customers' claims 9,463 10,183 12 Interest on claims reported by nonbanking concerns 15,157 16,989 13 U.S. government receipts (table 1, line 16) 570 539 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 170,529 191,353 15 Direct investment payments (table 1, line 31) 32,097 41,982 16 Earnings 26,866 36,220 17 Interest 5,231 5,762 18 Other private payments (table 1, line 32) 99,373 107,963 19 Income on U.S. corporate securities 44,375 48,383 20 Dividends 12,622 13,003 21 Interest 31,753 35,380 22 Interest on liabilities reported by banks 45,766 48,854 23 Banks' own liabilities 35,693 38,297 24 Banks' customers' liabilities 10,072 10,556 25 Interest on liabilities reported by nonbanking concerns 9,232 10,727 26 U.S. government payments (table 1, line 33) 39,059 41,408 Memorandum: 27 Balance on investment income (line 1 minus line 14) 14,077 11,807 Not seasonally adjusted Line 2007 III IV 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 212,901 214,141 2 Direct investment receipts (table 1, line 14) 95,105 99,764 3 Earnings 93,391 98,101 4 Interest 1,714 1,663 5 Other private receipts (table 1, line 15) 117,275 113,774 6 Income on foreign securities 50,815 52,075 7 Dividends 30,676 31,459 8 Interest 20,139 20,616 9 Interest on claims reported by banks 48,338 45,684 10 Banks' own claims 37,095 35,105 11 Banks' customers' claims 11,243 10,579 12 Interest on claims reported by nonbanking concerns 18,123 16,015 13 U.S. government receipts (table 1, line 16) 521 603 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 187,602 176,548 15 Direct investment payments (table 1, line 31) 34,800 25,536 16 Earnings 28,549 18,149 17 Interest 6,250 7,387 18 Other private payments (table 1, line 32) 110,898 108,281 19 Income on U.S. corporate securities 49,845 51,276 20 Dividends 13,913 14,806 21 Interest 35,932 36,471 22 Interest on liabilities reported by banks 49,212 46,053 23 Banks' own liabilities 38,007 35,144 24 Banks' customers' liabilities 11,205 10,909 25 Interest on liabilities reported by nonbanking concerns 11,840 10,952 26 U.S. government payments (table 1, line 33) 41,904 42,731 Memorandum: 27 Balance on investment income (line 1 minus line 14) 25,299 37,593 Not seasonally adjusted Line 2008 I II (r) 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 197,238 197,679 2 Direct investment receipts (table 1, line 14) 95,434 103,541 3 Earnings 93,652 101,814 4 Interest 1,782 1,727 5 Other private receipts (table 1, line 15) 101,088 93,412 6 Income on foreign securities 56,411 56,708 7 Dividends 35,663 35,350 8 Interest 20,748 21,358 9 Interest on claims reported by banks 32,939 26,391 10 Banks' own claims 25,732 20,404 11 Banks' customers' claims 7,207 5,987 12 Interest on claims reported by nonbanking concerns 11,738 10,313 13 U.S. government receipts (table 1, line 16) 716 726 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 162,938 167,200 15 Direct investment payments (table 1, line 31) 25,884 38,122 16 Earnings 19,320 32,947 17 Interest 6,563 5,175 18 Other private payments (table 1, line 32) 94,302 86,115 19 Income on U.S. corporate securities 52,791 53,619 20 Dividends 15,874 15,572 21 Interest 36,917 38,046 22 Interest on liabilities reported by banks 32,927 24,479 23 Banks' own liabilities 25,084 18,226 24 Banks' customers' liabilities 7,843 6,253 25 Interest on liabilities reported by nonbanking concerns 8,584 8,017 26 U.S. government payments (table 1, line 33) 42,752 42,963 Memorandum: 27 Balance on investment income (line 1 minus line 14) 34,300 30,479 Not seasonally Seasonally adjusted adjusted Line 2008 2007 III (p) I 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 194,093 186,013 2 Direct investment receipts (table 1, line 14) 98,275 83,391 3 Earnings 96,516 81,870 4 Interest 1,759 1,521 5 Other private receipts (table 1, line 15) 94,759 102,063 6 Income on foreign securities 57,330 43,916 7 Dividends 36,157 25,140 8 Interest 21,173 18,776 9 Interest on claims reported by banks 26,067 42,990 10 Banks' own claims 20,055 33,527 11 Banks' customers' claims 6,012 9,463 12 Interest on claims reported by nonbanking concerns 11,363 15,157 13 U.S. government receipts (table 1, line 16) 1,059 559 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 160,628 171,560 15 Direct investment payments (table 1, line 31) 32,123 33,128 16 Earnings 26,414 27,897 17 Interest 5,708 5,231 18 Other private payments (table 1, line 32) 86,987 99,373 19 Income on U.S. corporate securities 55,643 44,375 20 Dividends 16,152 12,622 21 Interest 39,491 31,753 22 Interest on liabilities reported by banks 23,561 45,766 23 Banks' own liabilities 17,197 35,693 24 Banks' customers' liabilities 6,365 10,072 25 Interest on liabilities reported by nonbanking concerns 7,782 9,232 26 U.S. government payments (table 1, line 33) 41,518 39,059 Memorandum: 27 Balance on investment income (line 1 minus line 14) 33,465 14,453 Seasonally adjusted Line 2007 II III 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 201,434 212,774 2 Direct investment receipts (table 1, line 14) 89,673 94,953 3 Earnings 88,164 93,239 4 Interest 1,509 1,714 5 Other private receipts (table 1, line 15) 111,187 117,275 6 Income on foreign securities 47,155 50,815 7 Dividends 27,342 30,676 8 Interest 19,813 20,139 9 Interest on claims reported by banks 47,043 48,338 10 Banks' own claims 36,860 37,095 11 Banks' customers' claims 10,183 11,243 12 Interest on claims reported by nonbanking concerns 16,989 18,123 13 U.S. government receipts (table 1, line 16) 574 546 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 189,991 188,045 15 Direct investment payments (table 1, line 31) 40,620 35,243 16 Earnings 34,858 28,992 17 Interest 5,762 6,250 18 Other private payments (table 1, line 32) 107,963 110,898 19 Income on U.S. corporate securities 48,383 49,845 20 Dividends 13,003 13,913 21 Interest 35,380 35,932 22 Interest on liabilities reported by banks 48,854 49,212 23 Banks' own liabilities 38,297 38,007 24 Banks' customers' liabilities 10,556 11,205 25 Interest on liabilities reported by nonbanking concerns 10,727 11,840 26 U.S. government payments (table 1, line 33) 41,408 41,904 Memorandum: 27 Balance on investment income (line 1 minus line 14) 11,443 24,729 Seasonally adjusted Line 2007 2008 IV I 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 214,587 199,064 2 Direct investment receipts (table 1, line 14) 100,259 97,262 3 Earnings 98,596 95,480 4 Interest 1,663 1,782 5 Other private receipts (table 1, line 15) 113,774 101,088 6 Income on foreign securities 52,075 56,411 7 Dividends 31,459 35,663 8 Interest 20,616 20,748 9 Interest on claims reported by banks 45,684 32,939 10 Banks' own claims 35,105 25,732 11 Banks' customers' claims 10,579 7,207 12 Interest on claims reported by nonbanking concerns 16,015 11,738 13 U.S. government receipts (table 1, line 16) 554 714 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 176,436 164,055 15 Direct investment payments (table 1, line 31) 25,424 27,001 16 Earnings 18,037 20,438 17 Interest 7,387 6,563 18 Other private payments (table 1, line 32) 108,281 94,302 19 Income on U.S. corporate securities 51,276 52,791 20 Dividends 14,806 15,874 21 Interest 36,471 36,917 22 Interest on liabilities reported by banks 46,053 32,927 23 Banks' own liabilities 35,144 25,084 24 Banks' customers' liabilities 10,909 7,843 25 Interest on liabilities reported by nonbanking concerns 10,952 8,584 26 U.S. government payments (table 1, line 33) 42,731 42,752 Memorandum: 27 Balance on investment income (line 1 minus line 14) 38,151 35,009 Seasonally adjusted Line 2008 II (r) III (p) 1 Income receipts on U.S. owned assets abroad (table 1, line 13) 195,679 193,910 2 Direct investment receipts (table 1, line 14) 101,524 98,068 3 Earnings 99,796 96,309 4 Interest 1,727 1,759 5 Other private receipts (table 1, line 15) 93,412 94,759 6 Income on foreign securities 56,708 57,330 7 Dividends 35,350 36,157 8 Interest 21,358 21,173 9 Interest on claims reported by banks 26,391 26,067 10 Banks' own claims 20,404 20,055 11 Banks' customers' claims 5,987 6,012 12 Interest on claims reported by nonbanking concerns 10,313 11,363 13 U.S. government receipts (table 1, line 16) 743 1,083 14 Income payments on foreign-owned assets in the United States (table 1, line 30) 165,734 161,274 15 Direct investment payments (table 1, line 31) 36,656 32,769 16 Earnings 31,482 27,061 17 Interest 5,175 5,708 18 Other private payments (table 1, line 32) 86,115 86,987 19 Income on U.S. corporate securities 53,619 55,643 20 Dividends 15,572 16,152 21 Interest 38,046 39,491 22 Interest on liabilities reported by banks 24,479 23,561 23 Banks' own liabilities 18,226 17,197 24 Banks' customers' liabilities 6,253 6,365 25 Interest on liabilities reported by nonbanking concerns 8,017 7,782 26 U.S. government payments (table 1, line 33) 42,963 41,518 Memorandum: 27 Balance on investment income (line 1 minus line 14) 29,945 32,636 See the footnotes on pages 60-61. Table 5. U.S. Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars] (Credits +; decrease in U.S. assets or increase in foreign assets. Debits-; increase in U.S. assets 2007 Line or decrease in foreign assets.) A1 U.S. official reserve assets, net (table 1, line 41) -122 2 Gold (table 1, line 42) 0 Special drawing rights 3 (table 1, line 43) -154 Reserve position in the International Monetary Fund 4 (table 1, line 44) 1,021 Foreign currencies 5 (table 1, line 45) -989 B1 Foreign official assets in the 411,058 United States, net (table 1, line 56) By instrument: 2 U.S. Treasury securities (table 1, line 58) 58,865 3 Bills and certificates 19,648 4 Bonds and notes, marketable 39,133 5 Bonds and notes, nonmarketable 84 6 Other U.S. government securities (table 1, line 59) 171,465 7 Other U.S. government liabilities (table 1, line 60) 5,342 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 108,695 9 Banks' liabilities for own account (1) 32,556 10 Repurchase agreements 40,668 11 Deposits and brokerage balances (2) -6,411 12 Other liabilities -1,701 13 Banks' customers' liabilities (1) 76,139 14 Negotiable certificates of deposit and other short-term instruments 75,240 15 Other liabilities 899 16 Other foreign official assets (table 1, line 62) 66,691 By area: 17 Europe 73,375 18 Canada 721 19 Latin America and Caribbean 80,352 20 Asia 278,384 21 Africa 6,976 22 Other -28,750 Not seasonally adjusted (Credits +; decrease in U.S. assets or increase in foreign assets. Debits-; increase in U.S. assets 2007 Line or decrease in foreign assets.) I II A1 U.S. official reserve assets, net (table 1, line 41) -72 26 2 Gold (table 1, line 42) 0 0 Special drawing rights 3 (table 1, line 43) -43 -39 Reserve position in the International Monetary Fund 4 (table 1, line 44) 212 294 Foreign currencies 5 (table 1, line 45) -241 -229 B1 Foreign official assets in the 163,270 88,822 United States, net (table 1, line 56) By instrument: 2 U.S. Treasury securities (table 1, line 58) 40,337 1,610 3 Bills and certificates 22,275 -38,152 4 Bonds and notes, marketable 18,042 39,741 5 Bonds and notes, nonmarketable 20 21 6 Other U.S. government securities (table 1, line 59) 81,303 60,031 7 Other U.S. government liabilities (table 1, line 60) 366 -69 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 30,329 15,956 9 Banks' liabilities for own account (1) 30,331 15,367 10 Repurchase agreements 34,569 7,813 11 Deposits and brokerage balances (2) 1,432 4,955 12 Other liabilities -5,670 2,599 13 Banks' customers' liabilities (1) -2 589 14 Negotiable certificates of deposit and other short-term instruments 80 -131 15 Other liabilities -82 720 16 Other foreign official assets (table 1, line 62) 10,935 11,294 By area: 17 Europe 18,394 -7,127 18 Canada 626 304 19 Latin America and Caribbean 22,823 33,079 20 Asia 111,395 50,498 21 Africa 1,735 4,168 22 Other 8,297 7,900 Not seasonally adjusted (Credits +; decrease in U.S. assets or increase in foreign assets. Debits-; increase in U.S. assets 2007 Line or decrease in foreign assets.) III IV A1 U.S. official reserve assets, net (table 1, line 41) -54 -22 2 Gold (table 1, line 42) 0 0 Special drawing rights 3 (table 1, line 43) -37 -35 Reserve position in the International Monetary Fund 4 (table 1, line 44) 230 285 Foreign currencies 5 (table 1, line 45) -247 -272 B1 Foreign official assets in the 13,469 145,497 United States, net (table 1, line 56) By instrument: 2 U.S. Treasury securities (table 1, line 58) -25,810 42,728 3 Bills and certificates 17,352 18,173 4 Bonds and notes, marketable -43,183 24,533 5 Bonds and notes, nonmarketable 21 22 6 Other U.S. government securities (table 1, line 59) 18,022 12,109 7 Other U.S. government liabilities (table 1, line 60) 913 4,132 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 9,873 52,537 9 Banks' liabilities for own account (1) -27,354 14,212 10 Repurchase agreements -21,118 19,404 11 Deposits and brokerage balances (2) -4,927 -7,871 12 Other liabilities -1,309 2,679 13 Banks' customers' liabilities (1) 37,227 38,325 14 Negotiable certificates of deposit and other short-term instruments 36,823 38,468 15 Other liabilities 404 -143 16 Other foreign official assets (table 1, line 62) 10,471 33,991 By area: 17 Europe 15,707 46,401 18 Canada -1,056 847 19 Latin America and Caribbean 15,640 8,810 20 Asia 10,678 105,813 21 Africa -593 1,666 22 Other -26,907 -18,040 Not seasonally adjusted (Credits +; decrease in U.S. assets or increase in foreign assets. Debits-; increase in U.S. assets 2008 Line or decrease in foreign assets.) I II (r) A1 U.S. official reserve assets, net (table 1, line 41) -276 -1,267 2 Gold (table 1, line 42) 0 0 Special drawing rights 3 (table 1, line 43) -29 -22 Reserve position in the International Monetary Fund 4 (table 1, line 44) 112 -955 Foreign currencies 5 (table 1, line 45) -359 -290 B1 Foreign official assets in the 173,533 145,391 United States, net (table 1, line 56) By instrument: 2 U.S. Treasury securities (table 1, line 58) 88,649 58,143 3 Bills and certificates 6,223 24,817 4 Bonds and notes, marketable 82,404 33,303 5 Bonds and notes, nonmarketable 22 23 6 Other U.S. government securities (table 1, line 59) 79,234 93,145 7 Other U.S. government liabilities (table 1, line 60) 1,645 2,439 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) -26,930 -30,055 9 Banks' liabilities for own account (1) -20,974 -6,738 10 Repurchase agreements -18,277 4,037 11 Deposits and brokerage balances (2) -3,201 -4,830 12 Other liabilities 504 -5,945 13 Banks' customers' liabilities (1) -5,956 -23,317 14 Negotiable certificates of deposit and other short-term instruments -13,583 -17,857 15 Other liabilities 7,627 -5,460 16 Other foreign official assets (table 1, line 62) 30,935 21,719 By area: 17 Europe 42,919 22,790 18 Canada -17 202 19 Latin America and Caribbean 8,730 23,053 20 Asia 115,426 95,754 21 Africa 1,645 3,688 22 Other 4,830 -96 Not seasonally adjusted (Credits +; decrease in U.S. assets or increase in foreign assets. Amounts Debits-; increase in U.S. assets 2008 outstanding Line or decrease in foreign assets.) Sept. 30, III (p) 2008 A1 U.S. official reserve assets, net (table 1, line 41) -179 291,785 2 Gold (table 1, line 42) 0 231,296 Special drawing rights 3 (table 1, line 43) -30 9,418 Reserve position in the International Monetary Fund 4 (table 1, line 44) 256 4,750 Foreign currencies 5 (table 1, line 45) -405 46,321 B1 Foreign official assets in the 117,663 3,712,381 United States, net (table 1, line 56) By instrument: 2 U.S. Treasury securities (table 1, line 58) 116,479 1,979,094 3 Bills and certificates 49,328 276,848 4 Bonds and notes, marketable 67,128 1,701,067 5 Bonds and notes, nonmarketable 23 1,179 6 Other U.S. government securities (table 1, line 59) -8,361 964,068 7 Other U.S. government liabilities (table 1, line 60) 1,714 29,822 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 9,617 358,730 9 Banks' liabilities for own account (1) 19,666 216,040 10 Repurchase agreements 3,618 148,256 11 Deposits and brokerage balances (2) 9,842 56,521 12 Other liabilities 6,206 11,263 13 Banks' customers' liabilities (1) -10,049 142,690 14 Negotiable certificates of deposit and other short-term instruments -6,881 142,690 15 Other liabilities -3,168 (*) 16 Other foreign official assets (table 1, line 62) -1,786 380,667 By area: 17 Europe 362 653,709 18 Canada -178 11,544 19 Latin America and Caribbean -14,244 294,165 20 Asia 132,371 2,696,215 21 Africa 2,500 35,321 22 Other -3,148 21,427 See the footnotes on pages 60-61. Table 6. Selected U.S. Government Transactions [Millions of dollars] Not seasonally adjusted Line 2007 2007 I II A1 U.S. government grants and transactions increasing Government assets, total 59,724 11,213 6,945 By category 2 Grants, net 33,348 10,567 5,662 3 U.S. government current grants, net (table 1, line 36, with sign reversed) 33,237 10,567 5,611 4 Financing military purchases (1) 5,980 3,640 509 5 Other grants 27,257 6,927 5,102 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 110 0 51 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 2,475 608 1,405 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 1,651 284 1,184 10 Credits repayable in U.S. dollars 818 319 221 11 Credits repayable in other than U.S. dollars 5 5 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) 23,902 38 -122 14 Foreign currency holdings (excluding administrative cash holdings), net 5 5 0 Receipts from: 15 Sales of agricultural commodities 0 0 0 16 Interest 0 0 0 17 Repayments of principal 5 5 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 -147 4 -106 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) 24,044 29 -16 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 1,651 284 1,184 28 Under Agricultural Trade Development and Assistance Act and related programs 1,802 464 456 29 Under Foreign Assistance Act and related programs 30,474 9,981 4,990 30 Under Export-Import Bank Act 66 18 42 31 Under Commodity Credit Corporation Charter Act 147 98 -3 32 Under other grant and credit programs 1,536 334 293 33 Other foreign currency assets acquired (lines At 6, At 7, and At 9) 5 5 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) 24,044 29 -16 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 21,264 7,645 3,672 37 Expenditures on U.S. goods 7,723 4,143 1,010 38 Expenditures on U.S. services (4) 10,816 2,791 2,055 39 Financing of military sales contracts by U.S. government (5) (line C6) 2,539 615 565 40 By long-term credits 207 51 61 41 By short-term credits (1) 0 0 0 42 By grants (1) 2,332 564 504 43 U.S. government grants and credits to repay prior U.S. government credits (1)(4) 294 91 133 44 U.S. government long- and short-term credits to repay prior U.S. private credits (6) and other assets -95 10 7 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. goods 12 5 98 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) 38,461 3,567 3,274 B1 Repayments on U.S. government long-term assets, total (table 1, line 48) 4,104 1,091 687 2 Receipts of principal on U.S. government credits 4,104 1,091 687 3 Under Agricultural Trade Development and Assistance Act and related programs 941 136 40 4 Under Foreign Assistance Act and related programs 1,517 548 326 5 Under Export-Import Bank Act 1,218 278 292 6 Under Commodity Credit Corporation Charter Act 428 129 30 7 Under other credit programs 0 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) 5,342 366 -69 2 Associated with military sales contracts (2) 5,358 383 -88 3 U.S. government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 19,904 5,197 3,434 4 Less U.S. government receipts from principal repayments 535 303 88 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 497 497 0 6 Plus financing of military sales contracts by U.S. government (5) (line A39) 2,539 615 565 7 By long-term credits 207 51 61 8 By short-term credits (1) 0 0 0 9 By grants (1) 2,332 564 504 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1)(2) (table 1, line 5) 16,052 4,629 4,000 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 -16 -17 19 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 -16 -17 19 Not seasonally adjusted Line 2007 III IV A1 U.S. government grants and transactions increasing Government assets, total 7,324 34,242 By category 2 Grants, net 7,167 9,952 3 U.S. government current grants, net (table 1, line 36, with sign reversed) 7,109 9,950 4 Financing military purchases (1) 705 1,126 5 Other grants 6,404 8,824 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 57 2 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 182 279 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 90 93 10 Credits repayable in U.S. dollars 92 186 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) -25 24,011 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 -44 0 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) 20 24,011 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 90 93 28 Under Agricultural Trade Development and Assistance Act and related programs 445 437 29 Under Foreign Assistance Act and related programs 6,207 9,296 30 Under Export-Import Bank Act 3 3 31 Under Commodity Credit Corporation Charter Act 0 52 32 Under other grant and credit programs 560 350 33 Other foreign currency assets acquired (lines At 6, At 7, and At 9) 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) 20 24,011 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 4,150 5,797 37 Expenditures on U.S. goods 948 1,621 38 Expenditures on U.S. services (4) 2,442 3,528 39 Financing of military sales contracts by U.S. government (5) (line C6) 721 638 40 By long-term credits 21 73 41 By short-term credits (1) 0 0 42 By grants (1) 700 564 43 U.S. government grants and credits to repay prior U.S. government credits (1)(4) 65 5 44 U.S. government long- and short-term credits to repay prior U.S. private credits (6) and other assets -119 7 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. goods -92 1 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) 3,175 28,445 B1 Repayments on U.S. government long-term assets, total (table 1, line 48) 780 1,546 2 Receipts of principal on U.S. government credits 780 1,546 3 Under Agricultural Trade Development and Assistance Act and related programs 127 638 4 Under Foreign Assistance Act and related programs 294 348 5 Under Export-Import Bank Act 350 298 6 Under Commodity Credit Corporation Charter Act 8 262 7 Under other credit programs 0 0 8 Receipts on other long-term assets 0 (*) C1 U.S. government liabilities other than securities, total, net increase (+) (table 1, line 60) 913 4,132 2 Associated with military sales contracts (2) 933 4,129 3 U.S. government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 4,153 7,119 4 Less U.S. government receipts from principal repayments 59 86 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) 721 638 7 By long-term credits 21 73 8 By short-term credits (1) 0 0 9 By grants (1) 700 564 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1)(2) (table 1, line 5) 3,882 3,541 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 -21 3 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 (*) 15 Other sales and miscellaneous operations -21 2 Not seasonally adjusted Line 2008 I II (r) III (p) A1 U.S. government grants and transactions increasing Government assets, total 7,221 49,412 233,708 By category 2 Grants, net 9,999 7,323 7,117 3 U.S. government current grants, net (table 1, line 36, with sign reversed) 9,990 7,305 7,117 4 Financing military purchases (1) 3,803 732 877 5 Other grants 6,187 6,574 6,241 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 10 18 0 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 179 1,106 338 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 103 1,067 129 10 Credits repayable in U.S. dollars 76 38 209 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) -2,957 40,983 226,253 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 3 34 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) -2,959 40,949 226,241 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 103 1,067 129 28 Under Agricultural Trade Development and Assistance Act and related programs 413 398 438 29 Under Foreign Assistance Act and related programs 9,305 6,522 6,317 30 Under Export-Import Bank Act 6 14 57 31 Under Commodity Credit Corporation Charter Act 4 0 4 32 Under other grant and credit programs 352 461 521 33 Other foreign currency assets acquired (lines At 6, At 7, and At 9) 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) -2,959 40,949 226,241 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 7,339 4,260 4,424 37 Expenditures on U.S. goods 4,163 903 1,045 38 Expenditures on U.S. services (4) 2,470 2,564 2,435 39 Financing of military sales contracts by U.S. government (5) (line C6) 672 730 894 40 By long-term credits 0 0 22 41 By short-term credits (1) 0 0 0 42 By grants (1) 672 730 872 43 U.S. government grants and credits to repay prior U.S. government credits (1)(4) 31 23 26 44 U.S. government long- and short-term credits to repay prior U.S. private credits (6) and other assets 16 52 27 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. goods 12 11 3 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) -118 45,152 229,284 B1 Repayments on U.S. government long-term assets, total (table 1, line 48) 487 497 597 2 Receipts of principal on U.S. government credits 487 497 597 3 Under Agricultural Trade Development and Assistance Act and related programs 60 57 68 4 Under Foreign Assistance Act and related programs 232 168 266 5 Under Export-Import Bank Act 182 269 250 6 Under Commodity Credit Corporation Charter Act 13 3 13 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) 1,645 2,439 1,714 2 Associated with military sales contracts (2) 1,649 2,438 1,714 3 U.S. government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 7,267 3,483 4,448 4 Less U.S. government receipts from principal repayments 36 4 58 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 1,883 -1,784 0 6 Plus financing of military sales contracts by U.S. government (5) (line A39) 672 730 894 7 By long-term credits 0 0 22 8 By short-term credits (1) 0 0 0 9 By grants (1) 672 730 872 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1)(2) (table 1, line 5) 4,371 3,554 3,570 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 -4 1 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 -4 1 0 See the footnotes on pages 60-61. Table 7. Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services [Millions of dollars] Line (Credits +; debits -) 2007 U.S. direct investment abroad: 1 Income (table 1, line 14) 368,275 2 Earnings 361,869 3 Distributed earnings 98,558 4 Reinvested earnings 263,311 5 Reinvested earnings without current-cost adjustment 243,827 6 Current-cost adjustment 19,484 7 Interest 6,407 8 U.S. parents' receipts 10,882 9 U.S. parents' payments -4,475 10 Income without current-cost adjustment 348,791 11 Manufacturing 65,127 12 Wholesale trade 30,238 13 Finance (including depository institutions) and insurance 40,557 14 Holding companies, except bank holding companies 136,875 15 Other 75,994 16 Earnings without current-cost adjustment (line 2 less line 6) 342,385 17 Manufacturing 64,015 18 Wholesale trade 29,863 19 Finance (including depository institutions) and insurance 40,802 20 Holding companies, except bank holding companies 134,879 21 Other 72,826 22 Interest 6,407 23 Manufacturing 1,112 24 Wholesale trade 376 25 Finance (including depository institutions) and insurance (1) -244 26 Holding companies, except bank holding companies 1,995 27 Other 3,168 28 Capital (table 1, line 51) -333,271 29 Equity capital: -87,969 30 Increases in equity capital -152,297 31 Decreases in equity capital 64,328 32 Reinvested earnings (line 4 with sign reversed) -263,311 33 Intercompany debt 18,008 34 U.S. parents' receivables -11,635 35 U.S. parents' payables 29,643 36 Capital without current-cost adjustment -313,787 37 Manufacturing -55,249 38 Wholesale trade -26,385 39 Finance (including depository institutions) and insurance -53,079 40 Holding companies, except bank holding companies -115,260 41 Other -63,814 42 Equity capital -87,969 43 Manufacturing -14,081 44 Wholesale trade -3,763 45 Finance (including depository institutions) and insurance -33,827 46 Holding companies, except bank holding companies -36,358 47 Other 60 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -243,827 49 Manufacturing -48,515 50 Wholesale trade -22,168 51 Finance (including depository institutions) and insurance -22,531 52 Holding companies, except bank holding companies -98,232 53 Other -52,380 54 Intercompany debt 18,008 55 Manufacturing 7,347 56 Wholesale trade -454 57 Finance (including depository institutions) and insurance (2) 3,278 58 Holding companies, except bank holding companies 19,331 59 Other -11,494 60 Royalties and license fees, net 52,494 U.S. parents' receipts 61 (table 1, part of line 9) 54,726 U.S. parents' payments 62 (table 1, part of line 26) -2,233 63 Other private services, net 12,693 U.S. parents' receipts 64 (table 1, part of line 10) 49,238 U.S. parents' payments 65 (table 1, part of line 27) -36,545 Foreign direct investment in the United States: 66 Income (table 1, line 31) -134,414 67 Earnings -109,784 68 Distributed earnings -41,256 69 Reinvested earnings -68,528 Reinvested earnings without 70 current-cost adjustment -63,825 71 Current-cost adjustment -4,703 72 Interest -24,630 73 U.S. affiliates' payments -31,033 74 U.S. affiliates' receipts 6,403 75 Income without current-cost adjustment -129,711 76 Manufacturing -60,890 77 Wholesale trade -23,773 78 Finance (including depository insti -6,411 79 Other -38,638 80 Earnings without current-cost adjustment (line 67 less line 71) -105,081 81 Manufacturing -49,069 82 Wholesale trade -22,686 83 Finance (including depository institutions) and insurance -4,475 84 Other -28,851 85 Interest -24,630 86 Manufacturing -11,821 87 Wholesale trade -1,087 88 Finance (including depository institutions) and insurance (1) -1,936 89 Other -9,787 90 Capital (table 1, line 64) 237,542 91 Equity capital 147,432 92 Increases in equity capital 213,206 93 Decreases in equity capital -65,774 94 Reinvested earnings (line 69 with sign reversed) 68,528 95 Intercompany debt 21,581 96 U.S. affiliates' payables 79,418 97 U.S. affiliates' receivables -57,837 98 Capital without current-cost adjustment 232,839 99 Manufacturing 108,113 100 Wholesale trade 28,314 101 Finance (including depository institutions) and insurance -4,715 102 Other 101,127 103 Equity capital 147,432 104 Manufacturing 75,630 105 Wholesale trade 5,850 106 Finance (including depository institutions) and insurance 18,513 107 Other 47,438 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 63,825 109 Manufacturing 26,448 110 Wholesale trade 21,252 111 Finance (including depository institutions) and insurance -4,943 112 Other 21,069 113 Intercompany debt 21,581 114 Manufacturing 6,035 115 Wholesale trade 1,213 116 Finance (including depository institutions) and insurance (2) -18,286 117 Other 32,620 118 Royalties and license fees, net -13,265 119 U.S. affiliates' payments (table 1, part of line 26) -17,420 120 U.S. affiliates' receipts (table 1, part of line 9) 4,154 121 Other private services, net 3,534 122 U.S. affiliates' payments (table 1, part of line 27) -20,518 123 U.S. affiliates' receipts (table 1, part of line 10) 24,052 Not seasonally adjusted Line (Credits +; debits -) 2007 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 81,973 91,434 2 Earnings 80,452 89,925 3 Distributed earnings 15,083 22,007 4 Reinvested earnings 65,369 67,918 5 Reinvested earnings without current-cost adjustment 60,493 63,042 6 Current-cost adjustment 4,876 4,876 7 Interest 1,521 1,509 8 U.S. parents' receipts 2,598 2,686 9 U.S. parents' payments -1,077 -1,177 10 Income without current-cost adjustment 77,097 86,558 11 Manufacturing 13,907 17,004 12 Wholesale trade 6,328 7,554 13 Finance (including depository institutions) and insurance 8,960 10,337 14 Holding companies, except bank holding companies 31,525 33,348 15 Other 16,376 18,315 16 Earnings without current-cost adjustment (line 2 less line 6) 75,576 85,049 17 Manufacturing 13,589 16,701 18 Wholesale trade 6,252 7,471 19 Finance (including depository institutions) and insurance 9,055 10,436 20 Holding companies, except bank holding companies 31,042 32,884 21 Other 15,638 17,557 22 Interest 1,521 1,509 23 Manufacturing 317 303 24 Wholesale trade 77 82 25 Finance (including depository institutions) and insurance (1) -94 -99 26 Holding companies, except bank holding companies 483 464 27 Other 738 758 28 Capital (table 1, line 51) -73,354 -96,224 29 Equity capital: -17,777 -44,019 30 Increases in equity capital -25,568 -59,358 31 Decreases in equity capital 7,791 15,339 32 Reinvested earnings (line 4 with sign reversed) 45,369 -67,918 33 Intercompany debt 9,792 15,713 34 U.S. parents' receivables 1,109 7,649 35 U.S. parents' payables 8,683 8,064 36 Capital without current-cost adjustment -68,478 -91,348 37 Manufacturing -8,708 -26,660 38 Wholesale trade -11,103 -3,492 39 Finance (including depository institutions) and insurance -11,631 -18,019 40 Holding companies, except bank holding companies -16,459 -36,715 41 Other -20,576 -6,463 42 Equity capital -17,777 -44,019 43 Manufacturing -4,871 -14,252 44 Wholesale trade -58 -2,101 45 Finance (including depository institutions) and insurance -7,388 -16,968 46 Holding companies, except bank holding companies -2,002 -17,134 47 Other -3,459 6,435 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -60,493 -63,042 49 Manufacturing -11,261 -13,883 50 Wholesale trade -5,123 -5,295 51 Finance (including depository institutions) and insurance -4,987 4,673 52 Holding companies, except bank holding companies -27,066 -25,095 53 Other -12,055 -12,097 54 Intercompany debt 9,792 15,713 55 Manufacturing 7,424 1,475 56 Wholesale trade -5,923 3,903 57 Finance (including depository institutions) and insurance (2) 744 5,622 58 Holding companies, except bank holding companies 12,610 5,514 59 Other -5,063 -801 60 Royalties and license fees, net 11,603 12,465 U.S. parents' receipts 61 (table 1, part of line 9) 12,157 12,993 U.S. parents' payments 62 (table 1, part of line 26) -553 -528 63 Other private services, net 2,569 3,649 U.S. parents' receipts 64 (table 1, part of line 10) 10,843 12,453 U.S. parents' payments 65 (table 1, part of line 27) -82,731 4,804 Foreign direct investment in the United States: 66 Income (table 1, line 31) -32,097 -41,982 67 Earnings -26,866 -36,220 68 Distributed earnings -7,819 -6,591 69 Reinvested earnings -19,047 -29,628 Reinvested earnings without 70 current-cost adjustment -17,841 -28,442 71 Current-cost adjustment -1,206 -1,186 72 Interest -5,231 -5,762 73 U.S. affiliates' payments -6,348 -7,371 74 U.S. affiliates' receipts 1,117 1,609 75 Income without current-cost adjustment -30,891 -40,796 76 Manufacturing -12,846 -17,028 77 Wholesale trade -5,557 -7,776 78 Finance (including depository insti -4,010 -4,746 79 Other -8,478 -11,245 80 Earnings without current-cost adjustment (line 67 less line 71) -25,660 -35,034 81 Manufacturing -10,115 -14,264 82 Wholesale trade -5,353 -7,494 83 Finance (including depository institutions) and insurance -3,448 -4,290 84 Other -6,744 -8,986 85 Interest -5,231 -5,762 86 Manufacturing -2,731 -2,764 87 Wholesale trade -204 -282 88 Finance (including depository institutions) and insurance (1) -561 -457 89 Other -1,734 -2,259 90 Capital (table 1, line 64) 13,917 64,470 91 Equity capital 17,608 36,662 92 Increases in equity capital 30,518 46,728 93 Decreases in equity capital -12,910 -10,066 94 Reinvested earnings (line 69 with sign reversed) 19,047 29,628 95 Intercompany debt -22,738 -1,821 96 U.S. affiliates' payables 21,337 -1,377 97 U.S. affiliates' receivables -44,075 -444 98 Capital without current-cost adjustment 12,711 63,284 99 Manufacturing 11,756 14,272 100 Wholesale trade 6,283 7,597 101 Finance (including depository institutions) and insurance -19,067 16,821 102 Other 13,739 24,595 103 Equity capital 17,608 36,662 104 Manufacturing 7,744 16,123 105 Wholesale trade 448 2,509 106 Finance (including depository institutions) and insurance 2,118 8,589 107 Other 7,298 9,441 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 17,841 28,442 109 Manufacturing 6,385 12,056 110 Wholesale trade 5,263 6,724 111 Finance (including depository institutions) and insurance 1,458 1,946 112 Other 4,734 7,715 113 Intercompany debt -22,738 -1,821 114 Manufacturing -2,374 -13,907 115 Wholesale trade 572 -1,637 116 Finance (including depository institutions) and insurance (2) -22,643 6,285 117 Other 1,707 7,438 118 Royalties and license fees, net -3,437 -3,251 119 U.S. affiliates' payments (table 1, part of line 26) 4,499 -4,168 120 U.S. affiliates' receipts (table 1, part of line 9) 1,062 918 121 Other private services, net 875 785 122 U.S. affiliates' payments (table 1, part of line 27) -4,927 -5,327 123 U.S. affiliates' receipts (table 1, part of line 10) 5,802 6,112 Not seasonally adjusted Line (Credits +; debits -) 2007 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 95,105 99,764 2 Earnings 93,391 98,101 3 Distributed earnings 17,376 44,093 4 Reinvested earnings 76,015 54,009 5 Reinvested earnings without current-cost adjustment 71,144 49,148 6 Current-cost adjustment 4,871 4,861 7 Interest 1,714 1,663 8 U.S. parents' receipts 2,803 2,795 9 U.S. parents' payments -1,089 -1,133 10 Income without current-cost adjustment 90,234 94,903 11 Manufacturing 16,956 17,260 12 Wholesale trade 7,595 8,761 13 Finance (including depository institutions) and insurance 11,237 10,023 14 Holding companies, except bank holding companies 35,392 36,610 15 Other 19,054 22,248 16 Earnings without current-cost adjustment (line 2 less line 6) 88,520 93,240 17 Manufacturing 16,704 17,021 18 Wholesale trade 7,492 8,648 19 Finance (including depository institutions) and insurance 11,287 10,024 20 Holding companies, except bank holding companies 34,824 36,129 21 Other 18,213 21,418 22 Interest 1,714 1,663 23 Manufacturing 252 239 24 Wholesale trade 103 114 25 Finance (including depository institutions) and insurance (1) -50 -1 26 Holding companies, except bank holding companies 568 480 27 Other 841 831 28 Capital (table 1, line 51) -71,015 -92,678 29 Equity capital: 2,718 -28,890 30 Increases in equity capital -20,706 -46,664 31 Decreases in equity capital 23,424 17,774 32 Reinvested earnings (line 4 with sign reversed) -76,015 -54,009 33 Intercompany debt 2,282 -9,779 34 U.S. parents' receivables -10,878 -9,515 35 U.S. parents' payables 13,160 -264 36 Capital without current-cost adjustment -66,144 -87,817 37 Manufacturing -13,541 -6,341 38 Wholesale trade -6,470 -5,319 39 Finance (including depository institutions) and insurance -13,402 -10,027 40 Holding companies, except bank holding companies -17,890 -44,196 41 Other -14,841 -21,934 42 Equity capital 2,718 -28,890 43 Manufacturing -1,540 6,582 44 Wholesale trade -1,250 -355 45 Finance (including depository institutions) and insurance -7,225 -2,246 46 Holding companies, except bank holding companies 11,130 -28,353 47 Other 1,603 -4,519 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -71,144 -49,148 49 Manufacturing -13,013 -10,358 50 Wholesale trade -5,866 -5,885 51 Finance (including depository institutions) and insurance -7,776 -3,094 52 Holding companies, except bank holding companies -29,782 -16,289 53 Other -14,707 -13,522 54 Intercompany debt 2,282 -9,779 55 Manufacturing 1,012 -2,564 56 Wholesale trade 646 920 57 Finance (including depository institutions) and insurance (2) 1,598 4,687 58 Holding companies, except bank holding companies 762 445 59 Other -1,737 -3,893 60 Royalties and license fees, net 13,717 14,708 U.S. parents' receipts 61 (table 1, part of line 9) 14,354 15,223 U.S. parents' payments 62 (table 1, part of line 26) -636 -515 63 Other private services, net 3,212 3,262 U.S. parents' receipts 64 (table 1, part of line 10) 12,515 13,428 U.S. parents' payments 65 (table 1, part of line 27) -9,302 -10,166 Foreign direct investment in the United States: 66 Income (table 1, line 31) -34,800 -25,536 67 Earnings -28,549 -18,149 68 Distributed earnings -7,932 -18,914 69 Reinvested earnings -20,618 764 Reinvested earnings without 70 current-cost adjustment -19,451 1,908 71 Current-cost adjustment -1,167 -1,144 72 Interest -6,250 -7,387 73 U.S. affiliates' payments -7,937 -9,377 74 U.S. affiliates' receipts 1,686 1,990 75 Income without current-cost adjustment -33,633 -24,392 76 Manufacturing -12,710 -18,305 77 Wholesale trade -5,868 -4,571 78 Finance (including depository insti -4,960 7,305 79 Other -10,094 -8,821 80 Earnings without current-cost adjustment (line 67 less line 71) -27,382 -17,005 81 Manufacturing -9,782 -14,909 82 Wholesale trade -5,548 -4,291 83 Finance (including depository institutions) and insurance -4,455 7,718 84 Other -7,598 -5,524 85 Interest -6,250 -7,387 86 Manufacturing -2,929 -3,397 87 Wholesale trade -321 -280 88 Finance (including depository institutions) and insurance (1) -505 -413 89 Other -2,496 -3,297 90 Capital (table 1, line 64) 106,648 52,506 91 Equity capital 69,018 24,144 92 Increases in equity capital 72,585 63,376 93 Decreases in equity capital -3,567 -39,231 94 Reinvested earnings (line 69 with sign reversed) 20,618 -764 95 Intercompany debt 17,013 29,126 96 U.S. affiliates' payables 23,330 36,128 97 U.S. affiliates' receivables -6,317 -7,002 98 Capital without current-cost adjustment 105,481 51,362 99 Manufacturing 43,089 38,995 100 Wholesale trade 13,702 732 101 Finance (including depository institutions) and insurance 19,057 -21,526 102 Other 29,633 33,161 103 Equity capital 69,018 24,144 104 Manufacturing 22,084 29,679 105 Wholesale trade 893 2,000 106 Finance (including depository institutions) and insurance 18,896 -11,089 107 Other 27,145 3,555 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 19,451 -1,908 109 Manufacturing 5,280 2,726 110 Wholesale trade 5,320 3,944 111 Finance (including depository institutions) and insurance 2,864 -11,212 112 Other 5,987 2,633 113 Intercompany debt 17,013 29,126 114 Manufacturing 15,726 6,590 115 Wholesale trade 7,489 -5,212 116 Finance (including depository institutions) and insurance (2) -2,703 775 117 Other -3,499 26,973 118 Royalties and license fees, net -2,894 -3,684 119 U.S. affiliates' payments (table 1, part of line 26) -4,017 -4,736 120 U.S. affiliates' receipts (table 1, part of line 9) 1,123 1,052 121 Other private services, net 579 1,294 122 U.S. affiliates' payments (table 1, part of line 27) -5,046 -5,218 123 U.S. affiliates' receipts (table 1, part of line 10) 5,626 6,512 Not seasonally adjusted Line (Credits +; debits -) 2008 I II (r) U.S. direct investment abroad: 1 Income (table 1, line 14) 95,434 103,541 2 Earnings 93,652 101,814 3 Distributed earnings 25,925 30,595 4 Reinvested earnings 67,728 71,219 5 Reinvested earnings without current-cost adjustment 62,905 66,408 6 Current-cost adjustment 4,823 4,811 7 Interest 1,782 1,727 8 U.S. parents' receipts 2,857 2,780 9 U.S. parents' payments -1,075 -1,053 10 Income without current-cost adjustment 90,611 98,730 11 Manufacturing 17,199 18,784 12 Wholesale trade 7,120 8,232 13 Finance (including depository institutions) and insurance 10,885 11,996 14 Holding companies, except bank holding companies 34,640 37,969 15 Other 20,767 21,749 16 Earnings without current-cost adjustment (line 2 less line 6) 88,829 97,003 17 Manufacturing 16,944 18,530 18 Wholesale trade 7,020 8,180 19 Finance (including depository institutions) and insurance 10,837 11,993 20 Holding companies, except bank holding companies 34,118 37,483 21 Other 19,910 20,817 22 Interest 1,782 1,727 23 Manufacturing 255 254 24 Wholesale trade 100 53 25 Finance (including depository institutions) and insurance (1) 49 3 26 Holding companies, except bank holding companies 523 486 27 Other 857 932 28 Capital (table 1, line 51) -100,548 -88,551 29 Equity capital: -22,011 -8,633 30 Increases in equity capital -28,628 -17,860 31 Decreases in equity capital 6,617 9,227 32 Reinvested earnings (line 4 with sign reversed) -67,728 -71,219 33 Intercompany debt -10,809 -8,700 34 U.S. parents' receivables -16,360 -12,371 35 U.S. parents' payables 5,552 3,671 36 Capital without current-cost adjustment -95,725 -83,740 37 Manufacturing -17,086 -18,433 38 Wholesale trade -11,292 -7,061 39 Finance (including depository institutions) and insurance -21,952 -7,038 40 Holding companies, except bank holding companies -24,733 -33,123 41 Other -20,662 -18,086 42 Equity capital -22,011 -8,633 43 Manufacturing -1,529 -2,496 44 Wholesale trade -742 334 45 Finance (including depository institutions) and insurance -10,395 128 46 Holding companies, except bank holding companies -2,386 -3,431 47 Other -6,960 -3,167 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -62,905 -66,408 49 Manufacturing -14,615 -14,828 50 Wholesale trade 4,263 -7,242 51 Finance (including depository institutions) and insurance 4,290 -1,177 52 Holding companies, except bank holding companies -22,986 -26,596 53 Other -12,750 -16,565 54 Intercompany debt -10,809 -8,700 55 Manufacturing -942 -1,108 56 Wholesale trade -4,287 -152 57 Finance (including depository institutions) and insurance (2) -5,266 -5,988 58 Holding companies, except bank holding companies 639 -3,096 59 Other -953 1,645 60 Royalties and license fees, net 13,225 13,928 U.S. parents' receipts 61 (table 1, part of line 9) 13,771 14,502 U.S. parents' payments 62 (table 1, part of line 26) -546 -574 63 Other private services, net 3,432 2,191 U.S. parents' receipts 64 (table 1, part of line 10) 12,532 13,076 U.S. parents' payments 65 (table 1, part of line 27) -9,100 -10,885 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,884 -38,122 67 Earnings -19,320 -32,947 68 Distributed earnings -11,047 -8,230 69 Reinvested earnings -8,274 -24,717 Reinvested earnings without 70 current-cost adjustment -7,176 -23,637 71 Current-cost adjustment -1,098 -1,080 72 Interest -6,563 -5,175 73 U.S. affiliates' payments -8,526 -6,983 74 U.S. affiliates' receipts 1,963 1,809 75 Income without current-cost adjustment -24,786 -37,042 76 Manufacturing -8,867 -13,559 77 Wholesale trade -6,043 -5,046 78 Finance (including depository insti -796 -8,323 79 Other -9,079 -10,114 80 Earnings without current-cost adjustment (line 67 less line 71) -18,222 -31,867 81 Manufacturing x,242 -11,386 82 Wholesale trade -5,811 -4,857 83 Finance (including depository institutions) and insurance -253 -7,827 84 Other -5,916 -7,797 85 Interest -6,563 -5,175 86 Manufacturing -2,625 -2,173 87 Wholesale trade -233 -190 88 Finance (including depository institutions) and insurance (1) -544 -496 89 Other -3,162 -2,316 90 Capital (table 1, line 64) 80,819 108,215 91 Equity capital 45,689 42,408 92 Increases in equity capital 54,316 49,799 93 Decreases in equity capital -8,628 -7,391 94 Reinvested earnings (line 69 with sign reversed) 8,274 24,717 95 Intercompany debt 26,856 41,090 96 U.S. affiliates' payables 23,537 51,563 97 U.S. affiliates' receivables 3,319 -10,473 98 Capital without current-cost adjustment 79,721 107,135 99 Manufacturing 17,329 32,695 100 Wholesale trade 16,539 26,200 101 Finance (including depository institutions) and insurance 21,405 27,189 102 Other 24,449 21,051 103 Equity capital 45,689 42,408 104 Manufacturing 9,474 13,414 105 Wholesale trade 721 10,512 106 Finance (including depository institutions) and insurance 23,044 15,095 107 Other 12,451 3,387 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 7,176 23,637 109 Manufacturing 4,042 6,425 110 Wholesale trade 5,585 4,452 111 Finance (including depository institutions) and insurance -3,764 6,049 112 Other 1,313 6,711 113 Intercompany debt 26,856 41,090 114 Manufacturing 3,814 12,856 115 Wholesale trade 10,232 11,236 116 Finance (including depository institutions) and insurance (2) 2,125 6,045 117 Other 10,685 10,953 118 Royalties and license fees, net -3,544 -3,322 119 U.S. affiliates' payments (table 1, part of line 26) -4,459 -4,338 120 U.S. affiliates' receipts (table 1, part of line 9) 914 1,016 121 Other private services, net 1,055 1,621 122 U.S. affiliates' payments (table 1, part of line 27) -4,445 -4,595 123 U.S. affiliates' receipts (table 1, part of line 10) 5,500 6,216 Not seasonally Seasonally adjusted adjusted Line (Credits +; debits -) 2008 2007 III (p) I U.S. direct investment abroad: 1 Income (table 1, line 14) 98,275 83,391 2 Earnings 96,516 81,870 3 Distributed earnings 24,384 23,149 4 Reinvested earnings 72,132 58,721 5 Reinvested earnings without current-cost adjustment 67,328 53,845 6 Current-cost adjustment 4,804 4,876 7 Interest 1,759 1,521 8 U.S. parents' receipts 2,784 2,598 9 U.S. parents' payments -1,025 -1,077 10 Income without current-cost adjustment 93,471 78,515 11 Manufacturing 18,056 14,727 12 Wholesale trade 7,881 7,014 13 Finance (including depository institutions) and insurance 9,997 8,873 14 Holding companies, except bank holding companies 36,146 31,525 15 Other 21,391 16,376 16 Earnings without current-cost adjustment (line 2 less line 6) 91,712 76,994 17 Manufacturing 17,796 14,410 18 Wholesale trade 7,823 6,937 19 Finance (including depository institutions) and insurance 9,956 8,967 20 Holding companies, except bank holding companies 35,638 31,042 21 Other 20,499 15,638 22 Interest 1,759 1,521 23 Manufacturing 260 317 24 Wholesale trade 58 77 25 Finance (including depository institutions) and insurance (1) 41 -94 26 Holding companies, except bank holding companies 508 483 27 Other 892 738 28 Capital (table 1, line 51) -70,073 -66,706 29 Equity capital: -12,429 -17,777 30 Increases in equity capital -23,891 -25,568 31 Decreases in equity capital 11,462 7,791 32 Reinvested earnings (line 4 with sign reversed) -72,132 -58,721 33 Intercompany debt 14,488 9,792 34 U.S. parents' receivables 12,586 1,109 35 U.S. parents' payables 1,903 8,683 36 Capital without current-cost adjustment -65,269 -61,830 37 Manufacturing -9,711 -8,347 38 Wholesale trade -8,877 -11,332 39 Finance (including depository institutions) and insurance -565 -10,542 40 Holding companies, except bank holding companies -31,806 -13,358 41 Other -14,309 -18,251 42 Equity capital -12,429 -17,777 43 Manufacturing -1,105 -4,871 44 Wholesale trade -16 -58 45 Finance (including depository institutions) and insurance 2,357 -7,388 46 Holding companies, except bank holding companies -9,469 -2,002 47 Other -4,196 -3,459 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -67,328 -53,845 49 Manufacturing -13,188 -10,900 50 Wholesale trade 4,326 -5,351 51 Finance (including depository institutions) and insurance -5,149 -3,899 52 Holding companies, except bank holding companies -26,350 -23,965 53 Other -16,316 -9,730 54 Intercompany debt 14,488 9,792 55 Manufacturing 4,581 7,424 56 Wholesale trade -2,536 -5,923 57 Finance (including depository institutions) and insurance (2) 2,226 744 58 Holding companies, except bank holding companies 4,013 12,610 59 Other 6,204 -5,063 60 Royalties and license fees, net 14,204 11,953 U.S. parents' receipts 61 (table 1, part of line 9) 14,800 12,506 U.S. parents' payments 62 (table 1, part of line 26) -595 -553 63 Other private services, net 2,040 2,506 U.S. parents' receipts 64 (table 1, part of line 10) 13,078 11,226 U.S. parents' payments 65 (table 1, part of line 27) -11,039 -8,720 Foreign direct investment in the United States: 66 Income (table 1, line 31) -32,123 -33,128 67 Earnings -26,414 -27,897 68 Distributed earnings -6,069 -8,742 69 Reinvested earnings -20,346 -19,155 Reinvested earnings without 70 current-cost adjustment -19,279 -17,949 71 Current-cost adjustment -1,067 -1,206 72 Interest -5,708 -5,231 73 U.S. affiliates' payments -7,543 -6,348 74 U.S. affiliates' receipts 1,835 1,117 75 Income without current-cost adjustment -31,056 -31,922 76 Manufacturing -12,125 -13,877 77 Wholesale trade -6,069 -5,557 78 Finance (including depository insti -3,094 -4,010 79 Other -9,768 -8,478 80 Earnings without current-cost adjustment (line 67 less line 71) -25,347 -26,691 81 Manufacturing -9,810 -11,146 82 Wholesale trade -5,713 -5,353 83 Finance (including depository institutions) and insurance -2,616 -3,448 84 Other -7,208 -6,744 85 Interest -5,708 -5,231 86 Manufacturing -2,314 -2,731 87 Wholesale trade -356 -204 88 Finance (including depository institutions) and insurance (1) -479 -561 89 Other -2,560 -1,734 90 Capital (table 1, line 64) 66,373 14,026 91 Equity capital 44,897 17,608 92 Increases in equity capital 52,479 30,518 93 Decreases in equity capital -7,582 -12,910 94 Reinvested earnings (line 69 with sign reversed) 20,346 19,155 95 Intercompany debt 1,130 -22,738 96 U.S. affiliates' payables 1,234 21,337 97 U.S. affiliates' receivables -104 -44,075 98 Capital without current-cost adjustment 65,306 12,820 99 Manufacturing 12,450 12,786 100 Wholesale trade 13,327 6,283 101 Finance (including depository institutions) and insurance 29,531 -19,782 102 Other 9,998 13,532 103 Equity capital 44,897 17,608 104 Manufacturing 8,630 7,744 105 Wholesale trade 6,565 448 106 Finance (including depository institutions) and insurance 21,439 2,118 107 Other 8,263 7,298 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 19,279 17,949 109 Manufacturing 6,663 7,416 110 Wholesale trade 5,103 5,263 111 Finance (including depository institutions) and insurance 1,962 743 112 Other 5,550 4,527 113 Intercompany debt 1,130 -22,738 114 Manufacturing -2,843 -2,374 115 Wholesale trade 1,659 572 116 Finance (including depository institutions) and insurance (2) 6,129 -22,643 117 Other -3,815 1,707 118 Royalties and license fees, net -3,489 -3,694 119 U.S. affiliates' payments (table 1, part of line 26) -4,534 -4,756 120 U.S. affiliates' receipts (table 1, part of line 9) 1,045 1,062 121 Other private services, net 1,439 1,058 122 U.S. affiliates' payments (table 1, part of line 27) -4,638 -4,927 123 U.S. affiliates' receipts (table 1, part of line 10) 6,077 5,985 Seasonally adjusted Line (Credits +; debits -) 2007 II III U.S. direct investment abroad: 1 Income (table 1, line 14) 89,673 94,953 2 Earnings 88,164 93,239 3 Distributed earnings 22,853 26,196 4 Reinvested earnings 65,311 67,043 5 Reinvested earnings without current-cost adjustment 60,435 62,172 6 Current-cost adjustment 4,876 4,871 7 Interest 1,509 1,714 8 U.S. parents' receipts 2,686 2,803 9 U.S. parents' payments -1,177 -1,089 10 Income without current-cost adjustment 84,797 90,082 11 Manufacturing 15,925 16,988 12 Wholesale trade 7,362 7,947 13 Finance (including depository institutions) and insurance 9,846 10,701 14 Holding companies, except bank holding companies 33,348 35,392 15 Other 18,315 19,054 16 Earnings without current-cost adjustment (line 2 less line 6) 83,288 88,368 17 Manufacturing 15,622 16,735 18 Wholesale trade 7,280 7,844 19 Finance (including depository institutions) and insurance 9,945 10,751 20 Holding companies, except bank holding companies 32,884 34,824 21 Other 17,557 18,213 22 Interest 1,509 1,714 23 Manufacturing 303 252 24 Wholesale trade 82 103 25 Finance (including depository institutions) and insurance (1) -99 -50 26 Holding companies, except bank holding companies 464 568 27 Other 758 841 28 Capital (table 1, line 51) -93,616 -62,043 29 Equity capital: -44,019 2,718 30 Increases in equity capital -59,358 -20,706 31 Decreases in equity capital 15,339 23,424 32 Reinvested earnings (line 4 with sign reversed) -65,311 -67,043 33 Intercompany debt 15,713 2,282 34 U.S. parents' receivables 7,649 -10,878 35 U.S. parents' payables 8,064 13,160 36 Capital without current-cost adjustment -88,740 -57,172 37 Manufacturing -24,938 -12,961 38 Wholesale trade -2,897 -6,322 39 Finance (including depository institutions) and insurance -16,711 -12,049 40 Holding companies, except bank holding companies -35,963 -13,298 41 Other -8,231 -12,543 42 Equity capital -44,019 2,718 43 Manufacturing -14,252 -1,540 44 Wholesale trade -2,101 -1,250 45 Finance (including depository institutions) and insurance -16,968 -7,225 46 Holding companies, except bank holding companies -17,134 11,130 47 Other 6,435 1,603 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -60,435 -62,172 49 Manufacturing -12,162 -12,433 50 Wholesale trade 4,699 -5,717 51 Finance (including depository institutions) and insurance -5,365 4,422 52 Holding companies, except bank holding companies -24,344 -25,190 53 Other -13,865 -12,409 54 Intercompany debt 15,713 2,282 55 Manufacturing 1,475 1,012 56 Wholesale trade 3,903 646 57 Finance (including depository institutions) and insurance (2) 5,622 1,598 58 Holding companies, except bank holding companies 5,514 762 59 Other -801 -1,737 60 Royalties and license fees, net 12,552 13,901 U.S. parents' receipts 61 (table 1, part of line 9) 13,080 14,537 U.S. parents' payments 62 (table 1, part of line 26) -528 -636 63 Other private services, net 3,376 3,268 U.S. parents' receipts 64 (table 1, part of line 10) 12,232 12,804 U.S. parents' payments 65 (table 1, part of line 27) -8,856 -9,536 Foreign direct investment in the United States: 66 Income (table 1, line 31) -40,620 -35,243 67 Earnings -34,858 -28,992 68 Distributed earnings -7,837 -9,115 69 Reinvested earnings -27,021 -19,877 Reinvested earnings without 70 current-cost adjustment -25,835 -18,710 71 Current-cost adjustment -1,186 -1,167 72 Interest -5,762 -6,250 73 U.S. affiliates' payments -7,371 -7,937 74 U.S. affiliates' receipts 1,609 1,686 75 Income without current-cost adjustment -39,434 -34,076 76 Manufacturing -15,666 -13,153 77 Wholesale trade -7,776 -5,868 78 Finance (including depository insti -4,746 -4,960 79 Other -11,245 -10,094 80 Earnings without current-cost adjustment (line 67 less line 71) -33,672 -27,825 81 Manufacturing -12,902 -10,225 82 Wholesale trade -7,494 -5,548 83 Finance (including depository institutions) and insurance -4,290 -4,455 84 Other -8,986 -7,598 85 Interest -5,762 -6,250 86 Manufacturing -2,764 -2,929 87 Wholesale trade -282 -321 88 Finance (including depository institutions) and insurance (1) -457 -505 89 Other -2,259 -2,496 90 Capital (table 1, line 64) 61,862 105,908 91 Equity capital 36,662 69,018 92 Increases in equity capital 46,728 72,585 93 Decreases in equity capital -10,066 -3,567 94 Reinvested earnings (line 69 with sign reversed) 27,021 19,877 95 Intercompany debt -1,821 17,013 96 U.S. affiliates' payables -1,377 23,330 97 U.S. affiliates' receivables -444 -6,317 98 Capital without current-cost adjustment 60,676 104,741 99 Manufacturing 12,910 43,533 100 Wholesale trade 7,597 13,702 101 Finance (including depository institutions) and insurance 16,460 18,158 102 Other 23,709 29,348 103 Equity capital 36,662 69,018 104 Manufacturing 16,123 22,084 105 Wholesale trade 2,509 893 106 Finance (including depository institutions) and insurance 8,589 18,896 107 Other 9,441 27,145 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 25,835 18,710 109 Manufacturing 10,695 5,723 110 Wholesale trade 6,724 5,320 111 Finance (including depository institutions) and insurance 1,586 1,965 112 Other 6,830 5,702 113 Intercompany debt -1,821 17,013 114 Manufacturing -13,907 15,726 115 Wholesale trade -1,637 7,489 116 Finance (including depository institutions) and insurance (2) 6,285 -2,703 117 Other 7,438 -3,499 118 Royalties and license fees, net -3,499 -3,044 119 U.S. affiliates' payments (table 1, part of line 26) -4,416 -4,167 120 U.S. affiliates' receipts (table 1, part of line 9) 918 1,123 121 Other private services, net 813 984 122 U.S. affiliates' payments (table 1, part of line 27) -5,327 -5,046 123 U.S. affiliates' receipts (table 1, part of line 10) 6,140 6,031 Seasonally adjusted Line (Credits +; debits -) 2007 2008 IV I U.S. direct investment abroad: 1 Income (table 1, line 14) 100,259 97,262 2 Earnings 98,596 95,480 3 Distributed earnings 26,360 39,201 4 Reinvested earnings 72,236 56,280 5 Reinvested earnings without current-cost adjustment 67,375 51,457 6 Current-cost adjustment 4,861 4,823 7 Interest 1,663 1,782 8 U.S. parents' receipts 2,795 2,857 9 U.S. parents' payments -1,133 -1,075 10 Income without current-cost adjustment 95,398 92,439 11 Manufacturing 17,487 18,238 12 Wholesale trade 7,915 7,883 13 Finance (including depository institutions) and insurance 11,137 10,912 14 Holding companies, except bank holding companies 36,610 34,640 15 Other 22,248 20,767 16 Earnings without current-cost adjustment (line 2 less line 6) 93,735 90,657 17 Manufacturing 17,249 17,983 18 Wholesale trade 7,801 7,783 19 Finance (including depository institutions) and insurance 11,138 10,863 20 Holding companies, except bank holding companies 36,129 34,118 21 Other 21,418 19,910 22 Interest 1,663 1,782 23 Manufacturing 239 255 24 Wholesale trade 114 100 25 Finance (including depository institutions) and insurance (1) -1 49 26 Holding companies, except bank holding companies 480 523 27 Other 831 857 28 Capital (table 1, line 51) -110,905 -89,100 29 Equity capital: -28,890 -22,011 30 Increases in equity capital -46,664 -28,628 31 Decreases in equity capital 17,774 6,617 32 Reinvested earnings (line 4 with sign reversed) -72,236 -56,280 33 Intercompany debt -9,779 -10,809 34 U.S. parents' receivables -9,515 -16,360 35 U.S. parents' payables -264 5,552 36 Capital without current-cost adjustment -106,044 -84,277 37 Manufacturing -9,003 -17,010 38 Wholesale trade -5,835 -11,671 39 Finance (including depository institutions) and insurance -13,777 -20,821 40 Holding companies, except bank holding companies -52,641 -17,061 41 Other -24,789 -17,712 42 Equity capital -28,890 -22,011 43 Manufacturing 6,582 -1,529 44 Wholesale trade -355 -742 45 Finance (including depository institutions) and insurance -2,246 -10,395 46 Holding companies, except bank holding companies -28,353 -2,386 47 Other -4,519 -6,960 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -67,375 -51,457 49 Manufacturing -13,020 -14,540 50 Wholesale trade 4,400 4,643 51 Finance (including depository institutions) and insurance 4,845 -5,160 52 Holding companies, except bank holding companies -24,733 -15,314 53 Other -16,377 -9,800 54 Intercompany debt -9,779 -10,809 55 Manufacturing -2,564 -942 56 Wholesale trade 920 -4,287 57 Finance (including depository institutions) and insurance (2) -4,687 -5,266 58 Holding companies, except bank holding companies 445 639 59 Other -3,893 -953 60 Royalties and license fees, net 14,088 13,676 U.S. parents' receipts 61 (table 1, part of line 9) 14,603 14,222 U.S. parents' payments 62 (table 1, part of line 26) -515 -546 63 Other private services, net 3,543 3,393 U.S. parents' receipts 64 (table 1, part of line 10) 12,976 12,984 U.S. parents' payments 65 (table 1, part of line 27) -9,434 -9,591 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,424 -27,001 67 Earnings -18,037 -20,438 68 Distributed earnings -15,562 -12,545 69 Reinvested earnings -2,476 -7,892 Reinvested earnings without 70 current-cost adjustment -1,332 -6,794 71 Current-cost adjustment -1,144 -1,098 72 Interest -7,387 -6,563 73 U.S. affiliates' payments -9,377 -8,526 74 U.S. affiliates' receipts 1,990 1,963 75 Income without current-cost adjustment -24,280 -25,903 76 Manufacturing -18,193 -9,985 77 Wholesale trade -4,571 -6,043 78 Finance (including depository insti 7,305 -796 79 Other -8,821 -9,079 80 Earnings without current-cost adjustment (line 67 less line 71) -16,893 -19,340 81 Manufacturing -14,797 -7,360 82 Wholesale trade -4,291 -5,811 83 Finance (including depository institutions) and insurance 7,718 -253 84 Other -5,524 -5,916 85 Interest -7,387 -6,563 86 Manufacturing -3,397 -2,625 87 Wholesale trade -280 -233 88 Finance (including depository institutions) and insurance (1) -413 -544 89 Other -3,297 -3,162 90 Capital (table 1, line 64) 55,746 80,437 91 Equity capital 24,144 45,689 92 Increases in equity capital 63,376 54,316 93 Decreases in equity capital -39,231 -8,628 94 Reinvested earnings (line 69 with sign reversed) 2,476 7,892 95 Intercompany debt 29,126 26,856 96 U.S. affiliates' payables 36,128 23,537 97 U.S. affiliates' receivables -7,002 3,319 98 Capital without current-cost adjustment 54,602 79,339 99 Manufacturing 38,883 18,446 100 Wholesale trade 732 16,539 101 Finance (including depository institutions) and insurance -19,552 20,208 102 Other 34,538 24,146 103 Equity capital 24,144 45,689 104 Manufacturing 29,679 9,474 105 Wholesale trade 2,000 721 106 Finance (including depository institutions) and insurance -11,089 23,044 107 Other 3,555 12,451 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 1,332 6,794 109 Manufacturing 2,614 5,159 110 Wholesale trade 3,944 5,585 111 Finance (including depository institutions) and insurance -9,237 -4,961 112 Other 4,010 1,010 113 Intercompany debt 29,126 26,856 114 Manufacturing 6,590 3,814 115 Wholesale trade -5,212 10,232 116 Finance (including depository institutions) and insurance (2) 775 2,125 117 Other 26,973 10,685 118 Royalties and license fees, net -3,029 -3,779 119 U.S. affiliates' payments (table 1, part of line 26) -4,081 4,693 120 U.S. affiliates' receipts (table 1, part of line 9) 1,052 914 121 Other private services, net 679 1,309 122 U.S. affiliates' payments (table 1, part of line 27) -5,218 4,445 123 U.S. affiliates' receipts (table 1, part of line 10) 5,897 5,754 Seasonally adjusted Line (Credits +; debits -) 2008 II (r) III (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 101,524 98,068 2 Earnings 99,796 96,309 3 Distributed earnings 33,079 37,379 4 Reinvested earnings 66,717 58,930 5 Reinvested earnings without current-cost adjustment 61,906 54,126 6 Current-cost adjustment 4,811 4,804 7 Interest 1,727 1,759 8 U.S. parents' receipts 2,780 2,784 9 U.S. parents' payments -1,053 -1,025 10 Income without current-cost adjustment 96,713 93,264 11 Manufacturing 17,589 18,037 12 Wholesale trade 7,992 8,233 13 Finance (including depository institutions) and insurance 11,414 9,457 14 Holding companies, except bank holding companies 37,969 36,146 15 Other 21,749 21,391 16 Earnings without current-cost adjustment (line 2 less line 6) 94,985 91,505 17 Manufacturing 17,335 17,777 18 Wholesale trade 7,940 8,175 19 Finance (including depository institutions) and insurance 11,411 9,416 20 Holding companies, except bank holding companies 37,483 35,638 21 Other 20,817 20,499 22 Interest 1,727 1,759 23 Manufacturing 254 260 24 Wholesale trade 53 58 25 Finance (including depository institutions) and insurance (1) 3 41 26 Holding companies, except bank holding companies 486 508 27 Other 932 892 28 Capital (table 1, line 51) -84,049 -56,871 29 Equity capital: -8,633 -12,429 30 Increases in equity capital -17,860 -23,891 31 Decreases in equity capital 9,227 11,462 32 Reinvested earnings (line 4 with sign reversed) -66,717 -58,930 33 Intercompany debt -8,700 14,488 34 U.S. parents' receivables -12,371 12,586 35 U.S. parents' payables 3,671 1,903 36 Capital without current-cost adjustment -79,238 -52,067 37 Manufacturing -16,466 -9,091 38 Wholesale trade -6,575 -8,619 39 Finance (including depository institutions) and insurance -3,978 1,196 40 Holding companies, except bank holding companies -32,968 -24,371 41 Other -19,251 -11,182 42 Equity capital -8,633 -12,429 43 Manufacturing -2,496 -1,105 44 Wholesale trade 334 -16 45 Finance (including depository institutions) and insurance 128 2,357 46 Holding companies, except bank holding companies -3,431 -9,469 47 Other -3,167 -4,196 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -61,906 -54,126 49 Manufacturing -12,862 -12,567 50 Wholesale trade 4,756 4,068 51 Finance (including depository institutions) and insurance 1,883 -3,387 52 Holding companies, except bank holding companies -26,441 -18,915 53 Other -17,729 -13,189 54 Intercompany debt 4,700 14,488 55 Manufacturing -1,108 4,581 56 Wholesale trade -152 -2,536 57 Finance (including depository institutions) and insurance (2) -5,988 2,226 58 Holding companies, except bank holding companies -3,096 4,013 59 Other 1,645 6,204 60 Royalties and license fees, net 13,997 14,324 U.S. parents' receipts 61 (table 1, part of line 9) 14,571 14,919 U.S. parents' payments 62 (table 1, part of line 26) -574 -595 63 Other private services, net 1,796 2,066 U.S. parents' receipts 64 (table 1, part of line 10) 12,734 13,343 U.S. parents' payments 65 (table 1, part of line 27) -10,938 -11,277 Foreign direct investment in the United States: 66 Income (table 1, line 31) -36,656 -32,769 67 Earnings X1,482 -27,061 68 Distributed earnings -9,676 -6,971 69 Reinvested earnings -21,806 -20,090 Reinvested earnings without 70 current-cost adjustment -20,726 -19,023 71 Current-cost adjustment -1,080 -1,067 72 Interest -5,175 -5,708 73 U.S. affiliates' payments -6,983 -7,543 74 U.S. affiliates' receipts 1,809 1,835 75 Income without current-cost adjustment -35,576 -31,702 76 Manufacturing -12,094 -12,771 77 Wholesale trade -5,046 -6,069 78 Finance (including depository insti -8,323 -3,094 79 Other -10,114 -9,768 80 Earnings without current-cost adjustment (line 67 less line 71) -30,402 -25,994 81 Manufacturing -9,921 -10,457 82 Wholesale trade -4,857 -5,713 83 Finance (including depository institutions) and insurance -7,827 -2,616 84 Other -7,797 -7,208 85 Interest -5,175 -5,708 86 Manufacturing -2,173 -2,314 87 Wholesale trade -190 -356 88 Finance (including depository institutions) and insurance (1) -496 -479 89 Other -2,316 -2,560 90 Capital (table 1, line 64) 105,304 66,117 91 Equity capital 42,408 44,897 92 Increases in equity capital 49,799 52,479 93 Decreases in equity capital -7,391 -7,582 94 Reinvested earnings (line 69 with sign reversed) 21,806 20,090 95 Intercompany debt 41,090 1,130 96 U.S. affiliates' payables 51,563 1,234 97 U.S. affiliates' receivables -10,473 -104 98 Capital without current-cost adjustment 104,224 65,050 99 Manufacturing 31,229 13,097 100 Wholesale trade 26,200 13,327 101 Finance (including depository institutions) and insurance 26,619 29,038 102 Other 20,176 9,588 103 Equity capital 42,408 44,897 104 Manufacturing 13,414 8,630 105 Wholesale trade 10,512 6,565 106 Finance (including depository institutions) and insurance 15,095 21,439 107 Other 3,387 8,263 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 20,726 19,023 109 Manufacturing 4,960 7,310 110 Wholesale trade 4,452 5,103 111 Finance (including depository institutions) and insurance 5,479 1,470 112 Other 5,835 5,140 113 Intercompany debt 41,090 1,130 114 Manufacturing 12,856 -2,843 115 Wholesale trade 11,236 1,659 116 Finance (including depository institutions) and insurance (2) 6,045 6,129 117 Other 10,953 -3,815 118 Royalties and license fees, net -3,596 -3,714 119 U.S. affiliates' payments (table 1, part of line 26) -4,613 -4,759 120 U.S. affiliates' receipts (table 1, part of line 9) 1,016 1,045 121 Other private services, net 1,782 1,876 122 U.S. affiliates' payments (table 1, part of line 27) 4,595 -4,638 123 U.S. affiliates' receipts (table 1, part of line 10) 6,377 6,514 See the footnotes on pages 60-61. Table 8. Transactions in Long-Term Securities [Millions of dollars] Not seasonally adjusted Line (Credits +; debits-) 2007 2007 I A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -288,731 -99,541 2 Stocks, gross purchases by U.S. residents 5,334,954 1,150,926 3 Stocks, gross sales by U.S. residents 5,216,931 1,107,188 4 Stocks, net purchases by U.S. residents -118,023 -43,738 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: -82,450 -37,572 8 Of which: United Kingdom -71,384 -26,825 9 Canada -7,943 -1,555 10 Caribbean financial centers (2) -6,817 1,369 11 Latin America, excluding Caribbean financial centers -11,314 1,766 12 Asia -4,826 -4,782 13 Of which: Japan -1,529 -2,557 14 Africa -1,917 121 15 Other -2,756 -3,085 16 Bonds, gross purchases by U.S. residents 3,143,328 782,609 17 Bonds, gross sales by U.S. residents 2,972,620 726,806 18 Bonds, net purchases by U.S. residents -170,708 -55,803 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 -149,520 -44,245 22 Of which: United Kingdom -92,500 -24,420 23 Canada -4,818 -1,816 24 Caribbean financial centers (2) -46,200 -16,483 25 Latin America, excluding Caribbean financial centers 3,362 -8 26 Asia 31,370 7,975 27 Of which: Japan 5,587 -1,223 28 Africa 3,011 25 29 Other -7,913 -1,251 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) 573,850 183,507 2 Stocks, gross purchases by foreign residents 10,600,970 2,132,802 3 Stocks, gross sales by foreign residents 10,418,560 2,090,408 4 Stocks, net purchases by foreign residents 182,410 42,394 Net purchases by foreign residents, by area: 5 Europe 90,791 25,333 6 Of which: United Kingdom 67,854 20,213 7 Canada 9,780 -1,163 8 Caribbean financial centers (2) 47,124 17,119 9 Latin America, excluding Caribbean financial centers 1,156 444 10 Asia 27,855 -709 11 Of which: Japan -5,571 -531 12 Africa -355 -133 13 Other 6,059 1,503 14 Corporate bonds, gross purchases by foreign residents 1,840,549 498,803 15 Corporate bonds, gross sales by foreign residents 1,468,462 326,953 16 Corporate bonds, net purchases by foreign residents 372,087 171,850 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 215,411 121,615 20 Of which: United Kingdom 128,869 65,401 21 Canada 12,412 5,258 22 Caribbean financial centers (2) 61,915 27,730 23 Latin America, excluding Caribbean financial centers 4,696 807 24 Asia 71,799 13,267 25 Of which: Japan 38,552 2,785 26 Africa -401 -3 27 Other 6,255 3,176 28 Federally sponsored agency bonds, gross purchases by foreign residents 1,693,220 374,193 29 Federally sponsored agency bonds, gross sales by foreign residents 1,673,867 404,930 30 Federally sponsored agency bonds, net purchases by foreign residents 19,353 -30,737 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 53,428 -17,876 34 Of which: United Kingdom 72,621 -12,571 35 Canada 3,337 1,655 36 Caribbean financial centers (2) -16,901 -5,446 37 Latin America, excluding Caribbean financial centers 3,285 689 38 Asia -24,227 -9,798 39 Of which: Japan -9,305 -8,312 40 Africa -83 43 41 Other 514 4 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) 127,958 38,412 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 14,349,195 3,291,540 3 U.S. Treasury bonds and notes, gross sales by foreign residents 14,221,237 3,253,128 Net purchases by foreign residents, by area: 4 Europe 129,317 31,092 5 Canada -3,147 3,268 6 Caribbean financial centers (2) 2,372 6,881 7 Latin America, excluding Caribbean financial centers 18,646 3,697 8 Asia -19,626 -6,749 9 Africa 2 -430 10 Other -1,105 653 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) 39,133 18,042 2 Other U.S. government securities (line B6) 171,465 81,303 3 U.S. corporate and other bonds (part of line B16) 51,584 10,782 4 U.S. stocks (part of line B16) 15,107 153 Not seasonally adjusted Line (Credits +; debits-) 2007 II III A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -84,671 -100,317 2 Stocks, gross purchases by U.S. residents 1,278,627 1,415,030 3 Stocks, gross sales by U.S. residents 1,251,880 1,358,168 4 Stocks, net purchases by U.S. residents -26,747 -56,862 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: -28,709 -11,264 8 Of which: United Kingdom -28,161 -7,996 9 Canada -2,490 -1,420 10 Caribbean financial centers (2) 14,872 -33,655 11 Latin America, excluding Caribbean financial centers -536 -7,095 12 Asia -9,238 -2,609 13 Of which: Japan -4,584 -479 14 Africa -280 -1,103 15 Other -366 284 16 Bonds, gross purchases by U.S. residents 887,380 816,252 17 Bonds, gross sales by U.S. residents 829,456 772,797 18 Bonds, net purchases by U.S. residents -57,924 -43,455 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 43,218 -56,915 22 Of which: United Kingdom -18,190 -45,209 23 Canada -870 543 24 Caribbean financial centers (2) -14,030 917 25 Latin America, excluding Caribbean financial centers -6,022 4,493 26 Asia 9,883 6,764 27 Of which: Japan -783 3,171 28 Africa 151 536 29 Other -3,818 207 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) 310,340 -30,486 2 Stocks, gross purchases by foreign residents 2,446,848 2,992,423 3 Stocks, gross sales by foreign residents 2,342,369 3,013,100 4 Stocks, net purchases by foreign residents 104,479 -20,677 Net purchases by foreign residents, by area: 5 Europe 53,950 -17,363 6 Of which: United Kingdom 37,172 -12,926 7 Canada 1,121 2,924 8 Caribbean financial centers (2) 40,463 -12,843 9 Latin America, excluding Caribbean financial centers 586 144 10 Asia 5,661 6,335 11 Of which: Japan -3,891 -1,293 12 Africa -58 -20 13 Other 2,756 146 14 Corporate bonds, gross purchases by foreign residents 525,437 412,699 15 Corporate bonds, gross sales by foreign residents 355,864 419,951 16 Corporate bonds, net purchases by foreign residents 169,573 -7,252 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 127,133 -26,726 20 Of which: United Kingdom 75,794 -15,133 21 Canada 3,266 2,951 22 Caribbean financial centers (2) 18,784 -2,564 23 Latin America, excluding Caribbean financial centers 1,470 1,477 24 Asia 16,156 17,461 25 Of which: Japan 6,303 11,788 26 Africa -147 -173 27 Other 2,911 322 28 Federally sponsored agency bonds, gross purchases by foreign residents 404,385 432,515 29 Federally sponsored agency bonds, gross sales by foreign residents 368,097 435,072 30 Federally sponsored agency bonds, net purchases by foreign residents 36,288 -2,557 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 20,646 21,069 34 Of which: United Kingdom 21,722 27,682 35 Canada 1,045 1,021 36 Caribbean financial centers (2) -2,089 -14,261 37 Latin America, excluding Caribbean financial centers 1,193 1,358 38 Asia 15,550 -11,494 39 Of which: Japan 8,256 -7,612 40 Africa -26 -24 41 Other -31 -226 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) -836 51,915 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 3,400,999 4,013,569 3 U.S. Treasury bonds and notes, gross sales by foreign residents 3,401,835 3,961,654 Net purchases by foreign residents, by area: 4 Europe 18,797 67,733 5 Canada 220 -7,256 6 Caribbean financial centers (2) -32,892 11,570 7 Latin America, excluding Caribbean financial centers 1,491 4,613 8 Asia 10,497 -24,114 9 Africa 814 190 10 Other 237 X21 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) 39,741 -43,183 2 Other U.S. government securities (line B6) 60,031 18,022 3 U.S. corporate and other bonds (part of line B16) 10,965 9,184 4 U.S. stocks (part of line B16) 329 1,287 Not seasonally adjusted Line (Credits +; debits-) 2007 2008 IV I A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -4,202 -35,066 2 Stocks, gross purchases by U.S. residents 1,490,371 1,481,084 3 Stocks, gross sales by U.S. residents 1,499,695 1,454,234 4 Stocks, net purchases by U.S. residents 9,324 -26,850 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: -4,905 -14,524 8 Of which: United Kingdom -8,402 -12,442 9 Canada -2,478 -4,166 10 Caribbean financial centers (2) 10,597 -12,621 11 Latin America, excluding Caribbean financial centers -5,449 -226 12 Asia 11,803 3,672 13 Of which: Japan 6,091 -35 14 Africa -655 -171 15 Other 411 1,186 16 Bonds, gross purchases by U.S. residents 657,087 762,102 17 Bonds, gross sales by U.S. residents 643,561 753,886 18 Bonds, net purchases by U.S. residents -13,526 -8,216 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 -5,142 -17,731 22 Of which: United Kingdom -4,681 -9,237 23 Canada -2,675 5,444 24 Caribbean financial centers (2) -16,604 -3,455 25 Latin America, excluding Caribbean financial centers 4,899 13,846 26 Asia 6,748 10,386 27 Of which: Japan 4,422 3,078 28 Africa 2,299 458 29 Other -3,051 -17,164 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) 110,489 -20,475 2 Stocks, gross purchases by foreign residents 3,028,897 3,390,980 3 Stocks, gross sales by foreign residents 2,972,683 3,382,704 4 Stocks, net purchases by foreign residents 56,214 8,276 Net purchases by foreign residents, by area: 5 Europe 28,871 -632 6 Of which: United Kingdom 23,395 -8,531 7 Canada 6,898 2 8 Caribbean financial centers (2) 2,385 -11,606 9 Latin America, excluding Caribbean financial centers -18 1,533 10 Asia 16,568 19,429 11 Of which: Japan 144 4,726 12 Africa -144 -2,591 13 Other 1,654 442 14 Corporate bonds, gross purchases by foreign residents 403,610 386,016 15 Corporate bonds, gross sales by foreign residents 365,694 396,745 16 Corporate bonds, net purchases by foreign residents 37,916 -10,729 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 -6,611 -25,731 20 Of which: United Kingdom 2,807 -18,178 21 Canada 937 1,341 22 Caribbean financial centers (2) 17,965 -117 23 Latin America, excluding Caribbean financial centers 942 1,636 24 Asia 24,915 12,038 25 Of which: Japan 17,676 9,211 26 Africa -78 -84 27 Other -154 188 28 Federally sponsored agency bonds, gross purchases by foreign residents 482,127 772,591 29 Federally sponsored agency bonds, gross sales by foreign residents 465,768 790,613 30 Federally sponsored agency bonds, net purchases by foreign residents 16,359 -18,022 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 29,589 22,969 34 Of which: United Kingdom 35,788 18,040 35 Canada -384 4,304 36 Caribbean financial centers (2) 4,895 -32,620 37 Latin America, excluding Caribbean financial centers 45 85 38 Asia -18,485 -14 39 Of which: Japan -1,637 4,725 40 Africa -76 17 41 Other 775 1,044 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) 38,467 15,403 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 3,643,087 4,161,209 3 U.S. Treasury bonds and notes, gross sales by foreign residents 3,604,620 4,145,806 Net purchases by foreign residents, by area: 4 Europe 11,695 -8,019 5 Canada 621 2,471 6 Caribbean financial centers (2) 16,813 -23,538 7 Latin America, excluding Caribbean financial centers 8,845 6,299 8 Asia 740 37 9 Africa 927 1,837 10 Other -1,174 -571 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) 24,533 82,404 2 Other U.S. government securities (line B6) 12,109 79,234 3 U.S. corporate and other bonds (part of line B16) 20,653 12,407 4 U.S. stocks (part of line B16) 13,338 18,528 Not seasonally adjusted Line (Credits +; debits-) 2008 II III (p) A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -33,576 86,768 2 Stocks, gross purchases by U.S. residents 1,521,861 1,457,656 3 Stocks, gross sales by U.S. residents 1,500,509 1,472,413 4 Stocks, net purchases by U.S. residents -21,352 14,757 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: -11,431 14,355 8 Of which: United Kingdom -16,324 8,641 9 Canada -6,216 4 10 Caribbean financial centers (2) -5,902 -23,439 11 Latin America, excluding Caribbean financial centers 440 -4,529 12 Asia 5,939 24,694 13 Of which: Japan 2,523 10,256 14 Africa -1,911 -68 15 Other -2,271 -665 16 Bonds, gross purchases by U.S. residents 575,813 470,845 17 Bonds, gross sales by U.S. residents 563,589 542,856 18 Bonds, net purchases by U.S. residents -12,224 72,011 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 -11,719 56,464 22 Of which: United Kingdom -10,533 7,131 23 Canada -4,821 1,043 24 Caribbean financial centers (2) -3,283 755 25 Latin America, excluding Caribbean financial centers 1,063 4,923 26 Asia 16,055 1,041 27 Of which: Japan -117 -2,611 28 Africa 991 1,867 29 Other -10,510 5,918 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) 17,068 -89,163 2 Stocks, gross purchases by foreign residents 3,014,693 3,334,579 3 Stocks, gross sales by foreign residents 3,015,375 3,332,030 4 Stocks, net purchases by foreign residents fi82 2,549 Net purchases by foreign residents, by area: 5 Europe 3,082 5,312 6 Of which: United Kingdom 13,295 18,192 7 Canada 3,904 697 8 Caribbean financial centers (2) -22,432 2,987 9 Latin America, excluding Caribbean financial centers 820 2,192 10 Asia 12,551 -6,428 11 Of which: Japan 1,786 1,629 12 Africa -289 -1,831 13 Other 1,682 -380 14 Corporate bonds, gross purchases by foreign residents 453,137 266,907 15 Corporate bonds, gross sales by foreign residents 402,587 301,577 16 Corporate bonds, net purchases by foreign residents 50,550 -34,670 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 2,417 -30,742 20 Of which: United Kingdom -1,866 -11,241 21 Canada 3,224 255 22 Caribbean financial centers (2) 27,627 -7,418 23 Latin America, excluding Caribbean financial centers -171 289 24 Asia 16,382 4,734 25 Of which: Japan 9,383 4,446 26 Africa -32 -283 27 Other 1,103 -1,505 28 Federally sponsored agency bonds, gross purchases by foreign residents 620,433 458,618 29 Federally sponsored agency bonds, gross sales by foreign residents 653,233 515,660 30 Federally sponsored agency bonds, net purchases by foreign residents -32,800 -57,042 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 -5,972 -28,351 34 Of which: United Kingdom 9,872 -9,672 35 Canada 3,635 -2,320 36 Caribbean financial centers (2) -19,283 1,417 37 Latin America, excluding Caribbean financial centers 893 432 38 Asia -12,048 -27,911 39 Of which: Japan -3,168 -19,569 40 Africa -100 -65 41 Other 75 -244 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) 69,184 14,118 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 3,510,382 3,675,036 3 U.S. Treasury bonds and notes, gross sales by foreign residents 3,441,198 3,660,918 Net purchases by foreign residents, by area: 4 Europe 43,403 -6,103 5 Canada 6,922 -6,682 6 Caribbean financial centers (2) 12,784 25,361 7 Latin America, excluding Caribbean financial centers 1,872 568 8 Asia 3 1,254 9 Africa 2,243 369 10 Other -571 -649 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) 33,303 67,128 2 Other U.S. government securities (line B6) 93,145 -8,361 3 U.S. corporate and other bonds (part of line B16) 20,720 -1,488 4 U.S. stocks (part of line B16) 999 -298 See the footnotes on pages 60-61. Table 9. Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns Except Securities Brokers (1) [Millions of dollars] Line (Credits +; decrease in U.S. assets 2007 or increase in U.S. liabilities. Debits -; increase in U.S. assets or decrease in U.S. liabilities.) A1 Claims, total (table 1, line 53) -706 2 Financial claims 9,620 3 Denominated in U.S. dollars 34,959 4 Denominated in foreign currencies -25,339 By instrument: (2) 5 Resale agreements 5,626 6 Negotiable certificates of deposit -16 7 Other short-term instruments (including money market instruments) 1,528 8 Deposits -88,141 9 Other claims 90,623 10 Of which: Financial intermediaries' accounts (3) 96,873 By area: 11 Europe -39,235 Of which: 12 United Kingdom -29,659 13 Germany 12,029 14 Caribbean financial centers (4) 50,291 15 Other -1,436 16 Commercial claims -10,326 17 Denominated in U.S. dollars -9,838 18 Denominated in foreign currencies -488 By instrument: 19 Trade receivables -8,347 20 Advance payments and other claims -1,979 By area: 21 Europe -2,451 22 Canada -1,779 23 Asia -4,312 24 Other -1,784 B1 Liabilities, total (table 1, line 68) 156,290 2 Financial liabilities 141,184 3 Denominated in U.S. dollars 89,749 4 Denominated in foreign currencies 51,435 By instrument: (2) 5 Repurchase agreements -11,557 6 Short-term instruments -6,937 7 Other liabilities 159,678 8 Of which: Financial intermediaries' accounts (3) 25,659 By area: 9 Europe 115,194 Of which: 10 United Kingdom 71,450 11 Germany -739 12 Caribbean financial centers (4) 23,516 13 Other 2,474 14 Commercial liabilities 15,106 15 Denominated in U.S. dollars 15,354 16 Denominated in foreign currencies -248 By instrument: 17 Trade payables 2,038 18 Advance receipts and other liabilities 13,068 By area: 19 Europe 4,281 20 Canada 1,910 21 Asia 4,539 22 Other 4,376 Not seasonally adjusted Line (Credits +; decrease in U.S. assets 2007 or increase in U.S. liabilities. Debits -; increase in U.S. assets or decrease in U.S. liabilities.) I II A1 Claims, total (table 1, line 53) -46,048 -134,713 2 Financial claims -45,302 -129,507 3 Denominated in U.S. dollars -26,162 -109,428 4 Denominated in foreign currencies -19,140 -20,079 By instrument: (2) 5 Resale agreements -4,750 4,013 6 Negotiable certificates of deposit 9 -14 7 Other short-term instruments (including money market instruments) 2,157 -1,625 8 Deposits -40,978 -70,201 9 Other claims -1,740 -61,680 10 Of which: Financial intermediaries' accounts (3) 3,641 -58,072 By area: 11 Europe -41,202 -37,219 Of which: 12 United Kingdom -22,345 -50,259 13 Germany 6,169 -1,079 14 Caribbean financial centers (4) -3,739 -88,656 15 Other -361 -3,632 16 Commercial claims -746 -5,206 17 Denominated in U.S. dollars -1,129 -5,355 18 Denominated in foreign currencies 383 149 By instrument: 19 Trade receivables -440 -2,668 20 Advance payments and other claims -306 -2,538 By area: 21 Europe -733 -1,896 22 Canada 554 -1,253 23 Asia 167 -1,639 24 Other -734 -418 B1 Liabilities, total (table 1, line 68) 90,061 122,476 2 Financial liabilities 87,949 111,324 3 Denominated in U.S. dollars 78,162 95,364 4 Denominated in foreign currencies 9,787 15,960 By instrument: (2) 5 Repurchase agreements 2,430 3,767 6 Short-term instruments -3,949 -953 7 Other liabilities 89,468 108,510 8 Of which: Financial intermediaries' accounts (3) 23,863 397 By area: 9 Europe 89,259 73,052 Of which: 10 United Kingdom 63,391 65,860 11 Germany -9,401 9,419 12 Caribbean financial centers (4) -1,480 35,807 13 Other 170 2,465 14 Commercial liabilities 2,112 11,152 15 Denominated in U.S. dollars 1,816 11,326 16 Denominated in foreign currencies 296 -174 By instrument: 17 Trade payables 1,480 1,017 18 Advance receipts and other liabilities 632 10,135 By area: 19 Europe 792 3,103 20 Canada 417 602 21 Asia -11 5,266 22 Other 914 2,181 Not seasonally adjusted Line (Credits +; decrease in U.S. assets 2007 or increase in U.S. liabilities. Debits -; increase in U.S. assets or decrease in U.S. liabilities.) III IV A1 Claims, total (table 1, line 53) 80,012 100,043 2 Financial claims 80,119 104,310 3 Denominated in U.S. dollars 73,658 96,891 4 Denominated in foreign currencies 6,461 7,419 By instrument: (2) 5 Resale agreements 1,591 4,772 6 Negotiable certificates of deposit 6 -17 7 Other short-term instruments (including money market instruments) 878 118 8 Deposits -26,250 49,288 9 Other claims 103,894 50,149 10 Of which: Financial intermediaries' accounts (3) 102,680 48,624 By area: 11 Europe 29,152 10,034 Of which: 12 United Kingdom 44,371 -1,426 13 Germany 1,743 5,196 14 Caribbean financial centers (4) 49,599 93,087 15 Other 1,368 1,189 16 Commercial claims -107 -4,267 17 Denominated in U.S. dollars -492 -2,862 18 Denominated in foreign currencies 385 -1,405 By instrument: 19 Trade receivables -389 -4,850 20 Advance payments and other claims 282 583 By area: 21 Europe 324 -146 22 Canada 529 -1,609 23 Asia -471 -2,369 24 Other -489 -143 B1 Liabilities, total (table 1, line 68) 55,599 -111,846 2 Financial liabilities 51,786 -109,875 3 Denominated in U.S. dollars 42,583 -126,360 4 Denominated in foreign currencies 9,203 16,485 By instrument: (2) 5 Repurchase agreements -10,193 -7,561 6 Short-term instruments -2,250 215 7 Other liabilities 64,229 -102,529 8 Of which: Financial intermediaries' accounts (3) 40,878 -39,479 By area: 9 Europe 51,108 -98,225 Of which: 10 United Kingdom -15,991 -41,810 11 Germany 1,611 -2,368 12 Caribbean financial centers (4) -454 -10,357 13 Other 1,132 -1,293 14 Commercial liabilities 3,813 -1,971 15 Denominated in U.S. dollars 4,529 -2,317 16 Denominated in foreign currencies -716 346 By instrument: 17 Trade payables 1,020 -1,479 18 Advance receipts and other liabilities 2,793 -492 By area: 19 Europe 153 233 20 Canada -477 1,368 21 Asia 2,724 -3,440 22 Other 1,413 -132 Not seasonally adjusted Line (Credits +; decrease in U.S. assets 2008 or increase in U.S. liabilities. Debits -; increase in U.S. assets or decrease in U.S. liabilities.) I II (r) A1 Claims, total (table 1, line 53) 81,848 49,324 2 Financial claims 80,581 53,481 3 Denominated in U.S. dollars 97,728 53,482 4 Denominated in foreign currencies -17,147 -1 By instrument: (2) 5 Resale agreements 2,043 1,612 6 Negotiable certificates of deposit 3 -9 7 Other short-term instruments (including money market instruments) -336 -24 8 Deposits 77,603 40,671 9 Other claims 1,268 11,231 10 Of which: Financial intermediaries' accounts (3) 2,293 7,340 By area: 11 Europe 37,435 48,782 Of which: 12 United Kingdom 46,601 61,891 13 Germany 872 -4,344 14 Caribbean financial centers (4) 33,081 6,238 15 Other 10,065 -1,539 16 Commercial claims 1,267 -4,157 17 Denominated in U.S. dollars 158 -5,081 18 Denominated in foreign currencies 1,109 924 By instrument: 19 Trade receivables 2,094 -4,284 20 Advance payments and other claims 427 127 By area: 21 Europe -78 -2,050 22 Canada 619 -243 23 Asia 1,222 -302 24 Other -496 -1,562 B1 Liabilities, total (table 1, line 68) 84,085 -54,350 2 Financial liabilities 74,823 -57,511 3 Denominated in U.S. dollars 72,413 -16,422 4 Denominated in foreign currencies 2,410 -41,089 By instrument: (2) 5 Repurchase agreements -2,738 -387 6 Short-term instruments 2,540 -1,318 7 Other liabilities 75,021 -55,806 8 Of which: Financial intermediaries' accounts (3) 13,924 373 By area: 9 Europe 79,248 -48,853 Of which: 10 United Kingdom 52,951 -35,055 11 Germany 9,223 -13,123 12 Caribbean financial centers (4) -1,589 -9,192 13 Other -2,836 534 14 Commercial liabilities 9,262 3,161 15 Denominated in U.S. dollars 8,533 3,965 16 Denominated in foreign currencies 729 -804 By instrument: 17 Trade payables 4,556 5,489 18 Advance receipts and other liabilities 4,706 -2,328 By area: 19 Europe 289 2,162 20 Canada -285 480 21 Asia 7,053 -258 22 Other 2,205 777 Not seasonally adjusted Amounts Line (Credits +; decrease in U.S. assets 2008 outstanding or increase in U.S. liabilities. Sept. 30, Debits -; increase in U.S. assets or decrease in U.S. liabilities.) III (p) 2008 A1 Claims, total (table 1, line 53) 53,787 1,177,354 2 Financial claims 49,268 1,130,964 3 Denominated in U.S. dollars 49,226 910,150 4 Denominated in foreign currencies 42 220,814 By instrument: (2) 5 Resale agreements 1,199 5,836 6 Negotiable certificates of deposit -12 49 7 Other short-term instruments (including money market instruments) 446 901 8 Deposits -997 775,948 9 Other claims 48,632 348,230 10 Of which: Financial intermediaries' accounts (3) 48,548 305,664 By area: 11 Europe 83,253 817,044 Of which: 12 United Kingdom 59,305 444,070 13 Germany 5,623 39,205 14 Caribbean financial centers (4) -35,367 273,337 15 Other 1,382 40,583 16 Commercial claims 4,519 46,390 17 Denominated in U.S. dollars 3,350 44,595 18 Denominated in foreign currencies 1,169 1,795 By instrument: 19 Trade receivables 3,324 40,290 20 Advance payments and other claims 1,195 6,100 By area: 21 Europe 3,329 15,468 22 Canada 402 4,384 23 Asia -541 15,016 24 Other 1,329 11,522 B1 Liabilities, total (table 1, line 68) 83,598 1,082,687 2 Financial liabilities 84,719 1,015,701 3 Denominated in U.S. dollars 36,243 809,211 4 Denominated in foreign currencies 48,476 206,490 By instrument: (2) 5 Repurchase agreements -588 3,906 6 Short-term instruments 9 6,163 7 Other liabilities 85,298 1,005,632 8 Of which: Financial intermediaries' accounts (3) -9,463 245,411 By area: 9 Europe 75,448 914,727 Of which: 10 United Kingdom 72,355 558,941 11 Germany 7,478 106,346 12 Caribbean financial centers (4) 10,686 80,491 13 Other -1,415 20,483 14 Commercial liabilities -1,121 66,986 15 Denominated in U.S. dollars -746 64,320 16 Denominated in foreign currencies -375 2,666 By instrument: 17 Trade payables -4,284 33,416 18 Advance receipts and other liabilities 3,163 33,570 By area: 19 Europe 93 17,853 20 Canada 96 5,930 21 Asia 1,283 31,410 22 Other -2,593 11,793 See the footnotes on pages 60-61. Table 10. Claims on Foreigners Reported by U.S. Banks and Securities Brokers (1) [Millions of dollars] Line (Credits +; decrease in U.S. assets. 2007 Debits -; increase in U.S. assets.) 1 Claims reported by U.S. banks and securities brokers, total (table 1, line 54) -644,751 2 Claims for own accounts -523,293 3 Denominated in dollars -496,754 By instrument: (2) 4 Resale agreements -136,054 Negotiable certificates of 5 deposit 442 Other short-term instruments (including money market 6 instruments) -7,910 Deposits and brokerage 7 balances -47,870 Other claims (including 8 loans) -305,362 By foreign borrower: Claims on: 9 Foreign banks -394,250 10 Foreign nonbanks, excluding foreign official institutions -91,280 11 Foreign official institutions (3) -11,224 By type of U.S. reporting institution: (4) U.S.-owned banks' claims on: 12 Foreign banks -75,013 Foreign nonbanks and foreign official 13 institutions -35,193 Foreign-owned banks' claims on: 14 Foreign banks -226,817 Foreign nonbanks and foreign official 15 institutions -28,942 Brokers' and dealers' claims on: 16 Foreign banks -92,420 Foreign nonbanks and foreign official 17 institutions -38,369 18 Denominated in foreign -26,539 currencies By instrument: (2) 19 Deposits and brokerage balances -9,089 20 Other claims (including loans) -17,450 21 Claims for customers' accounts -121,458 22 Denominated in dollars -118,139 By instrument: (2) 23 Commercial paper (5) 1,728 24 Negotiable certificates of deposit -1,295 25 Other short-term instruments (including money market instruments) (6) -319 26 Deposits and brokerage balances (including sweep accounts) (7) -116,725 27 Other claims -1,528 28 Denominated in foreign currencies -3,319 By instrument: (2) 29 Deposits and brokerage balances -10,310 30 Other claims 6,991 Claims, total (line 1), by area: 31 Europe -463,738 Of which: 32 United Kingdom -200,111 33 Switzerland -75,511 34 Canada -30,957 35 Caribbean financial centers (8) -138,732 36 Latin America, excluding Caribbean financial centers -27,798 37 Asia 41,149 38 Of which: Japan 62,072 39 Africa -5,794 40 Other -18,881 Memoranda: 1 International banking facilities' (IBFs) own claims, denominated in dollars (in lines 1-15 above) -119,295 By bank ownership: (4) 2 U.S. owned IBFs -38,693 3 Foreign-owned IBFs -80,602 Not seasonally adjusted Line (Credits +; decrease in U.S. assets. 2007 Debits -; increase in U.S. assets.) I II 1 Claims reported by U.S. banks and securities brokers, total (table 1, line 54) -230,143 -209,985 2 Claims for own accounts -222,213 -123,041 3 Denominated in dollars -222,320 -111,686 By instrument: (2) 4 Resale agreements -75,037 -54,991 Negotiable certificates of 5 deposit -3,522 513 Other short-term instruments (including money market 6 instruments) 977 -2,293 Deposits and brokerage 7 balances -64,938 -11,022 Other claims (including 8 loans) -79,800 -43,893 By foreign borrower: Claims on: 9 Foreign banks -182,961 -51,556 10 Foreign nonbanks, excluding foreign official institutions -44,952 -56,657 11 Foreign official institutions (3) 5,593 -3,473 By type of U.S. reporting institution: (4) U.S.-owned banks' claims on: 12 Foreign banks -21,555 -8,119 Foreign nonbanks and foreign official 13 institutions -8,581 -22,928 Foreign-owned banks' claims on: 14 Foreign banks -107,574 -18,740 Foreign nonbanks and foreign official 15 institutions -10,272 -2,501 Brokers' and dealers' claims on: 16 Foreign banks -53,832 -24,697 Foreign nonbanks and foreign official 17 institutions -20,506 -34,701 18 Denominated in foreign 107 -11,355 currencies By instrument: (2) 19 Deposits and brokerage balances -4,008 -1,925 20 Other claims (including loans) 4,115 -9,430 21 Claims for customers' accounts -7,930 -86,944 22 Denominated in dollars 4,700 -84,030 By instrument: (2) 23 Commercial paper (5) 6,071 -6,462 24 Negotiable certificates of deposit 19,591 -26,455 25 Other short-term instruments (including money market instruments) (6) -5,400 -31,885 26 Deposits and brokerage balances (including sweep accounts) (7) -13,897 -18,893 27 Other claims -1,665 -335 28 Denominated in foreign currencies -12,630 -2,914 By instrument: (2) 29 Deposits and brokerage balances -16,053 -3,229 30 Other claims 3,423 315 Claims, total (line 1), by area: 31 Europe -177,034 -118,245 Of which: 32 United Kingdom -43,294 -69,231 33 Switzerland -57,821 -4,124 34 Canada -3,764 -23,832 35 Caribbean financial centers (8) -61,164 -50,223 36 Latin America, excluding Caribbean financial centers -4,275 -5,968 37 Asia 19,484 -6,734 38 Of which: Japan 21,511 5,347 39 Africa 604 277 40 Other -3,994 -5,260 Memoranda: 1 International banking facilities' (IBFs) own claims, denominated in dollars (in lines 1-15 above) -94,936 12,964 By bank ownership: (4) 2 U.S. owned IBFs -22,137 559 3 Foreign-owned IBFs -72,799 12,405 Not seasonally adjusted Line (Credits +; decrease in U.S. assets. 2007 Debits -; increase in U.S. assets.) III IV 1 Claims reported by U.S. banks and securities brokers, total (table 1, line 54) -88,697 -115,926 2 Claims for own accounts -56,992 -121,047 3 Denominated in dollars -59,212 -103,536 By instrument: (2) 4 Resale agreements -49,384 43,358 Negotiable certificates of 5 deposit 3,328 123 Other short-term instruments (including money market 6 instruments) -2,151 -4,443 Deposits and brokerage 7 balances 76,673 -48,583 Other claims (including 8 loans) -87,678 -93,991 By foreign borrower: Claims on: 9 Foreign banks -61,176 -98,557 10 Foreign nonbanks, excluding foreign official institutions -7,729 18,058 11 Foreign official institutions (3) 9,693 -23,037 By type of U.S. reporting institution: (4) U.S.-owned banks' claims on: 12 Foreign banks 17,264 -62,603 Foreign nonbanks and foreign official 13 institutions -1,646 -2,038 Foreign-owned banks' claims on: 14 Foreign banks -35,029 -65,474 Foreign nonbanks and foreign official 15 institutions -9,048 -7,121 Brokers' and dealers' claims on: 16 Foreign banks -43,411 29,520 Foreign nonbanks and foreign official 17 institutions 12,658 4,180 18 Denominated in foreign 2,220 -17,511 currencies By instrument: (2) 19 Deposits and brokerage balances 1,039 -4,195 20 Other claims (including loans) 1,181 -13,316 21 Claims for customers' accounts -31,705 5,121 22 Denominated in dollars -36,611 -2,198 By instrument: (2) 23 Commercial paper (5) 6,074 -3,955 24 Negotiable certificates of deposit -19,720 25,289 25 Other short-term instruments (including money market instruments) (6) 16,036 20,930 26 Deposits and brokerage balances (including sweep accounts) (7) -30,173 -53,762 27 Other claims -8,828 9,300 28 Denominated in foreign currencies 4,906 7,319 By instrument: (2) 29 Deposits and brokerage balances 7,184 1,788 30 Other claims -2,278 5,531 Claims, total (line 1), by area: 31 Europe -133,606 -34,853 Of which: 32 United Kingdom -108,692 21,106 33 Switzerland -5,067 -8,499 34 Canada -5,067 1,706 35 Caribbean financial centers (8) 21,649 -48,994 36 Latin America, excluding Caribbean financial centers -15,405 -2,150 37 Asia 48,137 -19,738 38 Of which: Japan 26,965 8,249 39 Africa -390 -6,285 40 Other -4,015 -5,612 Memoranda: 1 International banking facilities' (IBFs) own claims, denominated in dollars (in lines 1-15 above) 28,542 -65,865 By bank ownership: (4) 2 U.S. owned IBFs 20,280 -37,395 3 Foreign-owned IBFs 8,262 -28,470 Not seasonally adjusted Line (Credits +; decrease in U.S. assets. 2008 Debits -; increase in U.S. assets.) I II (r) 1 Claims reported by U.S. banks and securities brokers, total (table 1, line 54) -221,316 213,859 2 Claims for own accounts -233,462 155,257 3 Denominated in dollars -216,959 141,715 By instrument: (2) 4 Resale agreements -51,199 75,324 Negotiable certificates of 5 deposit 3,730 -510 Other short-term instruments (including money market 6 instruments) -515 3,028 Deposits and brokerage 7 balances -146,073 25,626 Other claims (including 8 loans) -22,902 38,247 By foreign borrower: Claims on: 9 Foreign banks -178,277 100,517 10 Foreign nonbanks, excluding foreign official institutions -44,914 30,856 11 Foreign official institutions (3) 6,232 10,342 By type of U.S. reporting institution: (4) U.S.-owned banks' claims on: 12 Foreign banks -82,007 49,616 Foreign nonbanks and foreign official 13 institutions -26,249 5,904 Foreign-owned banks' claims on: 14 Foreign banks -51,785 14,244 Foreign nonbanks and foreign official 15 institutions -8,096 8,140 Brokers' and dealers' claims on: 16 Foreign banks -44,485 36,657 Foreign nonbanks and foreign official 17 institutions -4,337 27,154 18 Denominated in foreign -16,503 13,542 currencies By instrument: (2) 19 Deposits and brokerage balances -2,234 476 20 Other claims (including loans) -14,269 13,066 21 Claims for customers' accounts 12,146 58,602 22 Denominated in dollars 22,656 57,409 By instrument: (2) 23 Commercial paper (5) -17,972 2,767 24 Negotiable certificates of deposit -15,665 20,859 25 Other short-term instruments (including money market instruments) (6) 31,695 -14,066 26 Deposits and brokerage balances (including sweep accounts) (7) 23,576 46,234 27 Other claims 1,022 1,615 28 Denominated in foreign currencies -10,510 1,193 By instrument: (2) 29 Deposits and brokerage balances -8,296 4,151 30 Other claims -2,214 -2,958 Claims, total (line 1), by area: 31 Europe -141,344 151,773 Of which: 32 United Kingdom -52,182 121,778 33 Switzerland 16,755 50,252 34 Canada -21,939 23,927 35 Caribbean financial centers (8) -50,355 41,305 36 Latin America, excluding Caribbean financial centers -1,627 -11,233 37 Asia 1,051 11,731 38 Of which: Japan -11,483 3,764 39 Africa -7,985 -2,753 40 Other 883 -891 Memoranda: 1 International banking facilities' (IBFs) own claims, denominated in dollars (in lines 1-15 above) 35,645 119,845 By bank ownership: (4) 2 U.S. owned IBFs -13,157 63,344 3 Foreign-owned IBFs 48,802 56,501 Not seasonally adjusted Amounts Line (Credits +; decrease in U.S. assets. 2008 outstanding Debits -; increase in U.S. assets.) Sept. 30, III (p) 2008 1 Claims reported by U.S. banks and securities brokers, total (table 1, line 54) 151,994 3,669,174 2 Claims for own accounts 91,760 2,926,602 3 Denominated in dollars 71,619 2,784,094 By instrument: (2) 4 Resale agreements -6,598 748,798 Negotiable certificates of 5 deposit 354 2,256 Other short-term instruments (including money market 6 instruments) -302 40,075 Deposits and brokerage 7 balances 101,273 991,605 Other claims (including 8 loans) -23,108 1,001,360 By foreign borrower: Claims on: 9 Foreign banks 11,361 2,136,530 10 Foreign nonbanks, excluding foreign official institutions 40,591 565,392 11 Foreign official institutions (3) 19,667 82,172 By type of U.S. reporting institution: (4) U.S.-owned banks' claims on: 12 Foreign banks -12,351 581,615 Foreign nonbanks and foreign official 13 institutions 3,835 154,348 Foreign-owned banks' claims on: 14 Foreign banks 89,177 1,202,259 Foreign nonbanks and foreign official 15 institutions -779 111,271 Brokers' and dealers' claims on: 16 Foreign banks -65,465 352,656 Foreign nonbanks and foreign official 17 institutions 57,202 381,945 18 Denominated in foreign 20,141 142,508 currencies By instrument: (2) 19 Deposits and brokerage balances 6,980 65,882 20 Other claims (including loans) 13,161 76,626 21 Claims for customers' accounts 60,234 742,572 22 Denominated in dollars 50,892 670,177 By instrument: (2) 23 Commercial paper (5) 24,005 121,920 24 Negotiable certificates of deposit 1,324 171,364 25 Other short-term instruments (including money market instruments) (6) -5,330 52,917 26 Deposits and brokerage balances (including sweep accounts) (7) 31,292 308,280 27 Other claims -399 15,696 28 Denominated in foreign currencies 9,342 72,395 By instrument: (2) 29 Deposits and brokerage balances 9,888 40,992 30 Other claims -546 31,403 Claims, total (line 1), by area: 31 Europe 34,984 2,015,172 Of which: 32 United Kingdom -65,207 1,140,837 33 Switzerland 16,700 116,776 34 Canada -11,293 152,626 35 Caribbean financial centers (8) 82,706 1,188,317 36 Latin America, excluding Caribbean financial centers 3,375 99,574 37 Asia 22,447 150,634 38 Of which: Japan 9,697 80,539 39 Africa 13,934 5,368 40 Other 5,841 57,483 Memoranda: 1 International banking facilities' (IBFs) own claims, denominated in dollars (in lines 1-15 above) -4,630 493,342 By bank ownership: (4) 2 U.S. owned IBFs -13,063 65,898 3 Foreign-owned IBFs 8,433 427,444 See the footnotes on pages 60-61. Table 11. Liabilities to Foreigners, Except Foreign Official Agencies, Reported by U.S. Banks and Securities Brokers (1) [Millions of dollars] Line (Credits +; increase in U.S. liabilities. 2007 Debits -; decrease in U.S. liabilities.) 1 Liabilities reported by U.S. banks and securities brokers, total (table 1, part of line 65 and table 1, line 69) 561,680 2 U.S. Treasury bills and certificates (table 1, part of line 65) 28,867 3 Other U.S. liabilities, total (table 1, line 69) 532,813 4 Liabilities for own accounts 443,997 5 Denominated in dollars 370,401 By instrument: (2) 6 Repurchase agreements 29,981 7 Deposits and brokerage balances 227,005 8 Other liabilities (including loans) 113,415 By foreign holder: Liabilities to: 9 Foreign banks 270,328 10 Foreign nonbanks, including international 100,073 organizations By type of U.S. reporting institution: (3) U.S.-owned banks' liabilities to: 11 Foreign banks 184,778 Foreign nonbanks, including international 12 organizations 5,859 Foreign-owned banks' liabilities to: 13 Foreign banks 58,344 Foreign nonbanks, including international 14 organizations 23,739 Brokers' and dealers' liabilities to: 15 Foreign banks 27,206 Foreign nonbanks, including international 16 organizations 70,475 17 Denominated in foreign currencies 73,596 By instrument: (2) 18 Deposits and brokerage balances 16,037 19 Other liabilities (including loans) 57,559 20 Liabilities for customers' 88,816 accounts 21 Denominated in dollars 89,750 By instrument: (2) 22 Negotiable certificates of deposit and other short-term instruments 46,017 23 Other liabilities (including loans) 43,733 24 Denominated in foreign currencies -934 Other U.S. liabilities, total (line 3), by area: 25 Europe 199,872 26 Canada 12,762 27 Caribbean financial centers (4) 231,839 28 Latin America, excluding Caribbean financial centers 10,058 29 Asia 68,490 30 Africa 7,705 31 Other 2,087 Memoranda: 1 International banking facilities' (IBFs) own liabilities, denominated in dollars 104,067 (in lines 3-14 above) By bank ownership: (3) 2 U.S.-owned IBFs 56,968 3 Foreign-owned IBFs 47,099 Not seasonally adjusted Line (Credits +; increase in U.S. liabilities. 2007 Debits -; decrease in U.S. liabilities.) I II 1 Liabilities reported by U.S. banks and securities brokers, total (table 1, part of line 65 and table 1, line 69) 209,602 137,083 2 U.S. Treasury bills and certificates (table 1, part of line 65) 4,470 -12,686 3 Other U.S. liabilities, total (table 1, line 69) 205,132 149,769 4 Liabilities for own accounts 172,822 137,330 5 Denominated in dollars 168,304 113,168 By instrument: (2) 6 Repurchase agreements 125,520 19,136 7 Deposits and brokerage balances 32,518 55,052 8 Other liabilities (including loans) 10,266 38,980 By foreign holder: Liabilities to: 9 Foreign banks 96,035 76,608 10 Foreign nonbanks, including international 72,269 36,560 organizations By type of U.S. reporting institution: (3) U.S.-owned banks' liabilities to: 11 Foreign banks 2,347 37,075 Foreign nonbanks, including international 12 organizations -3,552 4,071 Foreign-owned banks' liabilities to: 13 Foreign banks 4,417 33,434 Foreign nonbanks, including international 14 organizations 6,823 9,180 Brokers' and dealers' liabilities to: 15 Foreign banks 89,271 6,099 Foreign nonbanks, including international 16 organizations 68,998 23,309 17 Denominated in foreign currencies 4,518 24,162 By instrument: (2) 18 Deposits and brokerage balances 532 5,664 19 Other liabilities (including loans) 3,986 18,498 20 Liabilities for customers' 32,310 12,439 accounts 21 Denominated in dollars 30,812 1,360 By instrument: (2) 22 Negotiable certificates of deposit and other short-term instruments 13,056 15,761 23 Other liabilities (including loans) 17,756 -14,401 24 Denominated in foreign currencies 1,498 11,079 Other U.S. liabilities, total (line 3), by area: 25 Europe 201,893 48,569 26 Canada 3,208 8,740 27 Caribbean financial centers (4) 4,534 59,366 28 Latin America, excluding Caribbean financial centers 1,112 2,780 29 Asia -5,534 26,939 30 Africa 3 1,375 31 Other -84 2,000 Memoranda: 1 International banking facilities' (IBFs) own liabilities, denominated in dollars 16,024 20,005 (in lines 3-14 above) By bank ownership: (3) 2 U.S.-owned IBFs 17,925 2,406 3 Foreign-owned IBFs -1,901 17,599 Not seasonally adjusted Line (Credits +; increase in U.S. liabilities. 2007 Debits -; decrease in U.S. liabilities.) III IV 1 Liabilities reported by U.S. banks and securities brokers, total (table 1, part of line 65 and table 1, line 69) 69,416 145,579 2 U.S. Treasury bills and certificates (table 1, part of line 65) 15,491 21,592 3 Other U.S. liabilities, total (table 1, line 69) 53,925 123,987 4 Liabilities for own accounts 32,113 101,732 5 Denominated in dollars 28,823 60,106 By instrument: (2) 6 Repurchase agreements -65,729 -48,946 7 Deposits and brokerage balances 62,272 77,163 8 Other liabilities (including loans) 32,280 31,889 By foreign holder: Liabilities to: 9 Foreign banks 46,890 50,795 10 Foreign nonbanks, including international -18,067 9,311 organizations By type of U.S. reporting institution: (3) U.S.-owned banks' liabilities to: 11 Foreign banks 31,822 113,534 Foreign nonbanks, including international 12 organizations -9,991 15,331 Foreign-owned banks' liabilities to: 13 Foreign banks 46,585 -26,092 Foreign nonbanks, including international 14 organizations -1,952 9,688 Brokers' and dealers' liabilities to: 15 Foreign banks -31,517 -36,647 Foreign nonbanks, including international 16 organizations -6,124 -15,708 17 Denominated in foreign currencies 3,290 41,626 By instrument: (2) 18 Deposits and brokerage balances -3,939 13,780 19 Other liabilities (including loans) 7,229 27,846 20 Liabilities for customers' 21,812 22,255 accounts 21 Denominated in dollars 36,035 21,543 By instrument: (2) 22 Negotiable certificates of deposit and other short-term instruments 13,276 3,924 23 Other liabilities (including loans) 22,759 17,619 24 Denominated in foreign currencies -14,223 712 Other U.S. liabilities, total (line 3), by area: 25 Europe -63,012 32,422 26 Canada 8,424 -7,610 27 Caribbean financial centers (4) 96,129 71,810 28 Latin America, excluding Caribbean financial centers -447 6,613 29 Asia 34,460 12,625 30 Africa -1,310 7,637 31 Other -319 490 Memoranda: 1 International banking facilities' (IBFs) own liabilities, denominated in dollars 37,911 30,127 (in lines 3-14 above) By bank ownership: (3) 2 U.S.-owned IBFs -2,057 38,694 3 Foreign-owned IBFs 39,968 -8,567 Not seasonally adjusted Line (Credits +; increase in U.S. liabilities. 2008 Debits -; decrease in U.S. liabilities.) I II (r) 1 Liabilities reported by U.S. banks and securities brokers, total (table 1, part of line 65 and table 1, line 69) 126,948 -260,108 2 U.S. Treasury bills and certificates (table 1, part of line 65) 47,860 -3,492 3 Other U.S. liabilities, total (table 1, line 69) 79,088 -256,616 4 Liabilities for own accounts 43,964 -247,301 5 Denominated in dollars 46,858 -237,273 By instrument: (2) 6 Repurchase agreements 10,774 -119,965 7 Deposits and brokerage balances 25,430 -95,866 8 Other liabilities (including loans) 10,654 -21,442 By foreign holder: Liabilities to: 9 Foreign banks -28,173 -172,000 10 Foreign nonbanks, including international 75,031 -65,273 organizations By type of U.S. reporting institution: (3) U.S.-owned banks' liabilities to: 11 Foreign banks 22,179 -40,837 Foreign nonbanks, including international 12 organizations 21,334 6,760 Foreign-owned banks' liabilities to: 13 Foreign banks -16,719 -61,100 Foreign nonbanks, including international 14 organizations -5,599 -3,521 Brokers' and dealers' liabilities to: 15 Foreign banks -33,633 -70,063 Foreign nonbanks, including international 16 organizations 59,296 -68,512 17 Denominated in foreign currencies -2,894 -10,028 By instrument: (2) 18 Deposits and brokerage balances -6,326 -9,298 19 Other liabilities (including loans) 3,432 -730 20 Liabilities for customers' 35,124 -9,315 accounts 21 Denominated in dollars 32,222 -6,875 By instrument: (2) 22 Negotiable certificates of deposit and other short-term instruments 33,946 -3,083 23 Other liabilities (including loans) -1,724 -3,792 24 Denominated in foreign currencies 2,902 -2,440 Other U.S. liabilities, total (line 3), by area: 25 Europe 61,870 -213,127 26 Canada 12,021 2,522 27 Caribbean financial centers (4) 5,040 -71,799 28 Latin America, excluding Caribbean financial centers 1,006 -2,392 29 Asia -12,303 20,397 30 Africa 5,806 4,540 31 Other 5,648 3,243 Memoranda: 1 International banking facilities' (IBFs) own liabilities, denominated in dollars 14,429 -27,628 (in lines 3-14 above) By bank ownership: (3) 2 U.S.-owned IBFs 34,901 -25,607 3 Foreign-owned IBFs -20,472 -2,021 Not seasonally adjusted Amounts Line (Credits +; increase in U.S. outstanding liabilities. 2008 Sept. 30, Debits -; decrease in U.S. 2008 liabilities.) III (p) 1 Liabilities reported by U.S. banks and securities brokers, total (table 1, part of line 65 and table 1, line 69) -72,486 3,838,301 2 U.S. Treasury bills and certificates (table 1, part of line 65) 75,388 225,122 3 Other U.S. liabilities, total (table 1, line 69) -147,874 3,613,179 4 Liabilities for own accounts -76,907 3,024,717 5 Denominated in dollars -64,779 2,798,858 By instrument: (2) 6 Repurchase agreements -95,551 747,219 7 Deposits and brokerage balances -16,792 1,401,460 8 Other liabilities (including loans) 47,564 650,179 By foreign holder: Liabilities to: 9 Foreign banks 44,280 1,970,726 10 Foreign nonbanks, including international -109,059 828,132 organizations By type of U.S. reporting institution: (3) U.S.-owned banks' liabilities to: 11 Foreign banks 12,240 870,040 Foreign nonbanks, including international 12 organizations -10,473 142,085 Foreign-owned banks' liabilities to: 13 Foreign banks 7,288 705,194 Foreign nonbanks, including international 14 organizations 17,090 111,000 Brokers' and dealers' liabilities to: 15 Foreign banks 24,752 395,492 Foreign nonbanks, including international 16 organizations -115,676 575,047 17 Denominated in foreign currencies -12,128 225,859 By instrument: (2) 18 Deposits and brokerage balances -5,565 95,247 19 Other liabilities (including loans) -6,563 130,612 20 Liabilities for customers' -70,967 588,462 accounts 21 Denominated in dollars -65,227 576,775 By instrument: (2) 22 Negotiable certificates of deposit and other short-term instruments -37,938 289,903 23 Other liabilities (including loans) -27,289 286,872 24 Denominated in foreign currencies -5,740 11,687 Other U.S. liabilities, total (line 3), by area: 25 Europe -102,541 1,345,362 26 Canada -5,817 66,881 27 Caribbean financial centers (4) -53,377 1,746,882 28 Latin America, excluding Caribbean financial centers -4,365 109,651 29 Asia 37,116 307,145 30 Africa -16,557 9,969 31 Other -2,333 27,289 Memoranda: 1 International banking facilities' (IBFs) own liabilities, denominated in dollars 2,755 471,569 (in lines 3-14 above) By bank ownership: (3) 2 U.S.-owned IBFs -25,326 162,301 3 Foreign-owned IBFs 28,081 309,268 See the footnotes on pages 60-61.
U.S. international transactions: third quarter of 2008.
Weinberg, Douglas B. ; Sauers, Renee M.
Table 4. Investment Income
[Millions of dollars]
Line 2007
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 814,807
2 Direct investment receipts
(table 1, line 14) 368,275
3 Earnings 361,869
4 Interest 6,407
5 Other private receipts
(table 1, line 15) 444,299
6 Income on foreign securities 193,961
7 Dividends 114,617
8 Interest 79,344
9 Interest on claims reported
by banks 184,055
10 Banks' own claims 142,587
11 Banks' customers' claims 41,468
12 Interest on claims reported
by nonbanking concerns 66,284
13 U.S. government receipts
(table 1, line 16) 2,233
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 726,031
15 Direct investment payments
(table 1, line 31) 134,414
16 Earnings 109,784
17 Interest 24,630
18 Other private payments
(table 1, line 32) 426,515
19 Income on U.S. corporate
securities 193,880
20 Dividends 54,344
21 Interest 139,536
22 Interest on liabilities
reported by banks 189,884
23 Banks' own liabilities 147,141
24 Banks' customers' liabilities 42,743
25 Interest on liabilities
reported by nonbanking
concerns 42,751
26 U.S. government payments
(table 1, line 33) 165,102
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 88,776
Not seasonally adjusted
Line 2007
I II
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 184,606 203,160
2 Direct investment receipts
(table 1, line 14) 81,973 91,434
3 Earnings 80,452 89,925
4 Interest 1,521 1,509
5 Other private receipts
(table 1, line 15) 102,063 111,187
6 Income on foreign securities 43,916 47,155
7 Dividends 25,140 27,342
8 Interest 18,776 19,813
9 Interest on claims reported
by banks 42,990 47,043
10 Banks' own claims 33,527 36,860
11 Banks' customers' claims 9,463 10,183
12 Interest on claims reported
by nonbanking concerns 15,157 16,989
13 U.S. government receipts
(table 1, line 16) 570 539
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 170,529 191,353
15 Direct investment payments
(table 1, line 31) 32,097 41,982
16 Earnings 26,866 36,220
17 Interest 5,231 5,762
18 Other private payments
(table 1, line 32) 99,373 107,963
19 Income on U.S. corporate
securities 44,375 48,383
20 Dividends 12,622 13,003
21 Interest 31,753 35,380
22 Interest on liabilities
reported by banks 45,766 48,854
23 Banks' own liabilities 35,693 38,297
24 Banks' customers' liabilities 10,072 10,556
25 Interest on liabilities
reported by nonbanking
concerns 9,232 10,727
26 U.S. government payments
(table 1, line 33) 39,059 41,408
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 14,077 11,807
Not seasonally adjusted
Line 2007
III IV
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 212,901 214,141
2 Direct investment receipts
(table 1, line 14) 95,105 99,764
3 Earnings 93,391 98,101
4 Interest 1,714 1,663
5 Other private receipts
(table 1, line 15) 117,275 113,774
6 Income on foreign securities 50,815 52,075
7 Dividends 30,676 31,459
8 Interest 20,139 20,616
9 Interest on claims reported
by banks 48,338 45,684
10 Banks' own claims 37,095 35,105
11 Banks' customers' claims 11,243 10,579
12 Interest on claims reported
by nonbanking concerns 18,123 16,015
13 U.S. government receipts
(table 1, line 16) 521 603
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 187,602 176,548
15 Direct investment payments
(table 1, line 31) 34,800 25,536
16 Earnings 28,549 18,149
17 Interest 6,250 7,387
18 Other private payments
(table 1, line 32) 110,898 108,281
19 Income on U.S. corporate
securities 49,845 51,276
20 Dividends 13,913 14,806
21 Interest 35,932 36,471
22 Interest on liabilities
reported by banks 49,212 46,053
23 Banks' own liabilities 38,007 35,144
24 Banks' customers' liabilities 11,205 10,909
25 Interest on liabilities
reported by nonbanking
concerns 11,840 10,952
26 U.S. government payments
(table 1, line 33) 41,904 42,731
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 25,299 37,593
Not seasonally adjusted
Line 2008
I II (r)
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 197,238 197,679
2 Direct investment receipts
(table 1, line 14) 95,434 103,541
3 Earnings 93,652 101,814
4 Interest 1,782 1,727
5 Other private receipts
(table 1, line 15) 101,088 93,412
6 Income on foreign securities 56,411 56,708
7 Dividends 35,663 35,350
8 Interest 20,748 21,358
9 Interest on claims reported
by banks 32,939 26,391
10 Banks' own claims 25,732 20,404
11 Banks' customers' claims 7,207 5,987
12 Interest on claims reported
by nonbanking concerns 11,738 10,313
13 U.S. government receipts
(table 1, line 16) 716 726
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 162,938 167,200
15 Direct investment payments
(table 1, line 31) 25,884 38,122
16 Earnings 19,320 32,947
17 Interest 6,563 5,175
18 Other private payments
(table 1, line 32) 94,302 86,115
19 Income on U.S. corporate
securities 52,791 53,619
20 Dividends 15,874 15,572
21 Interest 36,917 38,046
22 Interest on liabilities
reported by banks 32,927 24,479
23 Banks' own liabilities 25,084 18,226
24 Banks' customers' liabilities 7,843 6,253
25 Interest on liabilities
reported by nonbanking
concerns 8,584 8,017
26 U.S. government payments
(table 1, line 33) 42,752 42,963
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 34,300 30,479
Not
seasonally Seasonally
adjusted adjusted
Line 2008 2007
III (p) I
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 194,093 186,013
2 Direct investment receipts
(table 1, line 14) 98,275 83,391
3 Earnings 96,516 81,870
4 Interest 1,759 1,521
5 Other private receipts
(table 1, line 15) 94,759 102,063
6 Income on foreign securities 57,330 43,916
7 Dividends 36,157 25,140
8 Interest 21,173 18,776
9 Interest on claims reported
by banks 26,067 42,990
10 Banks' own claims 20,055 33,527
11 Banks' customers' claims 6,012 9,463
12 Interest on claims reported
by nonbanking concerns 11,363 15,157
13 U.S. government receipts
(table 1, line 16) 1,059 559
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 160,628 171,560
15 Direct investment payments
(table 1, line 31) 32,123 33,128
16 Earnings 26,414 27,897
17 Interest 5,708 5,231
18 Other private payments
(table 1, line 32) 86,987 99,373
19 Income on U.S. corporate
securities 55,643 44,375
20 Dividends 16,152 12,622
21 Interest 39,491 31,753
22 Interest on liabilities
reported by banks 23,561 45,766
23 Banks' own liabilities 17,197 35,693
24 Banks' customers' liabilities 6,365 10,072
25 Interest on liabilities
reported by nonbanking
concerns 7,782 9,232
26 U.S. government payments
(table 1, line 33) 41,518 39,059
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 33,465 14,453
Seasonally adjusted
Line 2007
II III
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 201,434 212,774
2 Direct investment receipts
(table 1, line 14) 89,673 94,953
3 Earnings 88,164 93,239
4 Interest 1,509 1,714
5 Other private receipts
(table 1, line 15) 111,187 117,275
6 Income on foreign securities 47,155 50,815
7 Dividends 27,342 30,676
8 Interest 19,813 20,139
9 Interest on claims reported
by banks 47,043 48,338
10 Banks' own claims 36,860 37,095
11 Banks' customers' claims 10,183 11,243
12 Interest on claims reported
by nonbanking concerns 16,989 18,123
13 U.S. government receipts
(table 1, line 16) 574 546
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 189,991 188,045
15 Direct investment payments
(table 1, line 31) 40,620 35,243
16 Earnings 34,858 28,992
17 Interest 5,762 6,250
18 Other private payments
(table 1, line 32) 107,963 110,898
19 Income on U.S. corporate
securities 48,383 49,845
20 Dividends 13,003 13,913
21 Interest 35,380 35,932
22 Interest on liabilities
reported by banks 48,854 49,212
23 Banks' own liabilities 38,297 38,007
24 Banks' customers' liabilities 10,556 11,205
25 Interest on liabilities
reported by nonbanking
concerns 10,727 11,840
26 U.S. government payments
(table 1, line 33) 41,408 41,904
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 11,443 24,729
Seasonally adjusted
Line 2007 2008
IV I
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 214,587 199,064
2 Direct investment receipts
(table 1, line 14) 100,259 97,262
3 Earnings 98,596 95,480
4 Interest 1,663 1,782
5 Other private receipts
(table 1, line 15) 113,774 101,088
6 Income on foreign securities 52,075 56,411
7 Dividends 31,459 35,663
8 Interest 20,616 20,748
9 Interest on claims reported
by banks 45,684 32,939
10 Banks' own claims 35,105 25,732
11 Banks' customers' claims 10,579 7,207
12 Interest on claims reported
by nonbanking concerns 16,015 11,738
13 U.S. government receipts
(table 1, line 16) 554 714
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 176,436 164,055
15 Direct investment payments
(table 1, line 31) 25,424 27,001
16 Earnings 18,037 20,438
17 Interest 7,387 6,563
18 Other private payments
(table 1, line 32) 108,281 94,302
19 Income on U.S. corporate
securities 51,276 52,791
20 Dividends 14,806 15,874
21 Interest 36,471 36,917
22 Interest on liabilities
reported by banks 46,053 32,927
23 Banks' own liabilities 35,144 25,084
24 Banks' customers' liabilities 10,909 7,843
25 Interest on liabilities
reported by nonbanking
concerns 10,952 8,584
26 U.S. government payments
(table 1, line 33) 42,731 42,752
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 38,151 35,009
Seasonally adjusted
Line 2008
II (r) III (p)
1 Income receipts on U.S. owned
assets abroad (table 1, line 13) 195,679 193,910
2 Direct investment receipts
(table 1, line 14) 101,524 98,068
3 Earnings 99,796 96,309
4 Interest 1,727 1,759
5 Other private receipts
(table 1, line 15) 93,412 94,759
6 Income on foreign securities 56,708 57,330
7 Dividends 35,350 36,157
8 Interest 21,358 21,173
9 Interest on claims reported
by banks 26,391 26,067
10 Banks' own claims 20,404 20,055
11 Banks' customers' claims 5,987 6,012
12 Interest on claims reported
by nonbanking concerns 10,313 11,363
13 U.S. government receipts
(table 1, line 16) 743 1,083
14 Income payments on foreign-owned
assets in the United States
(table 1, line 30) 165,734 161,274
15 Direct investment payments
(table 1, line 31) 36,656 32,769
16 Earnings 31,482 27,061
17 Interest 5,175 5,708
18 Other private payments
(table 1, line 32) 86,115 86,987
19 Income on U.S. corporate
securities 53,619 55,643
20 Dividends 15,572 16,152
21 Interest 38,046 39,491
22 Interest on liabilities
reported by banks 24,479 23,561
23 Banks' own liabilities 18,226 17,197
24 Banks' customers' liabilities 6,253 6,365
25 Interest on liabilities
reported by nonbanking
concerns 8,017 7,782
26 U.S. government payments
(table 1, line 33) 42,963 41,518
Memorandum:
27 Balance on investment income
(line 1 minus line 14) 29,945 32,636
See the footnotes on pages 60-61.
Table 5. U.S. Official Reserve Assets and Foreign Official Assets
in the United States
[Millions of dollars]
(Credits +; decrease in U.S. assets
or increase in foreign assets.
Debits-; increase in U.S. assets 2007
Line or decrease in foreign assets.)
A1 U.S. official reserve assets, net
(table 1, line 41) -122
2 Gold (table 1, line 42) 0
Special drawing rights
3 (table 1, line 43) -154
Reserve position in the
International Monetary Fund
4 (table 1, line 44) 1,021
Foreign currencies
5 (table 1, line 45) -989
B1 Foreign official assets in the 411,058
United States, net
(table 1, line 56)
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 58,865
3 Bills and certificates 19,648
4 Bonds and notes, marketable 39,133
5 Bonds and notes, nonmarketable 84
6 Other U.S. government securities
(table 1, line 59) 171,465
7 Other U.S. government liabilities
(table 1, line 60) 5,342
8 U.S. liabilities reported by U.S.
banks, not included elsewhere
(table 1, line 61) 108,695
9 Banks' liabilities for own
account (1) 32,556
10 Repurchase agreements 40,668
11 Deposits and brokerage
balances (2) -6,411
12 Other liabilities -1,701
13 Banks' customers'
liabilities (1) 76,139
14 Negotiable certificates of
deposit and other
short-term instruments 75,240
15 Other liabilities 899
16 Other foreign official assets
(table 1, line 62) 66,691
By area:
17 Europe 73,375
18 Canada 721
19 Latin America and Caribbean 80,352
20 Asia 278,384
21 Africa 6,976
22 Other -28,750
Not seasonally adjusted
(Credits +; decrease in U.S. assets
or increase in foreign assets.
Debits-; increase in U.S. assets 2007
Line or decrease in foreign assets.)
I II
A1 U.S. official reserve assets, net
(table 1, line 41) -72 26
2 Gold (table 1, line 42) 0 0
Special drawing rights
3 (table 1, line 43) -43 -39
Reserve position in the
International Monetary Fund
4 (table 1, line 44) 212 294
Foreign currencies
5 (table 1, line 45) -241 -229
B1 Foreign official assets in the 163,270 88,822
United States, net
(table 1, line 56)
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 40,337 1,610
3 Bills and certificates 22,275 -38,152
4 Bonds and notes, marketable 18,042 39,741
5 Bonds and notes, nonmarketable 20 21
6 Other U.S. government securities
(table 1, line 59) 81,303 60,031
7 Other U.S. government liabilities
(table 1, line 60) 366 -69
8 U.S. liabilities reported by U.S.
banks, not included elsewhere
(table 1, line 61) 30,329 15,956
9 Banks' liabilities for own
account (1) 30,331 15,367
10 Repurchase agreements 34,569 7,813
11 Deposits and brokerage
balances (2) 1,432 4,955
12 Other liabilities -5,670 2,599
13 Banks' customers'
liabilities (1) -2 589
14 Negotiable certificates of
deposit and other
short-term instruments 80 -131
15 Other liabilities -82 720
16 Other foreign official assets
(table 1, line 62) 10,935 11,294
By area:
17 Europe 18,394 -7,127
18 Canada 626 304
19 Latin America and Caribbean 22,823 33,079
20 Asia 111,395 50,498
21 Africa 1,735 4,168
22 Other 8,297 7,900
Not seasonally adjusted
(Credits +; decrease in U.S. assets
or increase in foreign assets.
Debits-; increase in U.S. assets 2007
Line or decrease in foreign assets.)
III IV
A1 U.S. official reserve assets, net
(table 1, line 41) -54 -22
2 Gold (table 1, line 42) 0 0
Special drawing rights
3 (table 1, line 43) -37 -35
Reserve position in the
International Monetary Fund
4 (table 1, line 44) 230 285
Foreign currencies
5 (table 1, line 45) -247 -272
B1 Foreign official assets in the 13,469 145,497
United States, net
(table 1, line 56)
By instrument:
2 U.S. Treasury securities
(table 1, line 58) -25,810 42,728
3 Bills and certificates 17,352 18,173
4 Bonds and notes, marketable -43,183 24,533
5 Bonds and notes, nonmarketable 21 22
6 Other U.S. government securities
(table 1, line 59) 18,022 12,109
7 Other U.S. government liabilities
(table 1, line 60) 913 4,132
8 U.S. liabilities reported by U.S.
banks, not included elsewhere
(table 1, line 61) 9,873 52,537
9 Banks' liabilities for own
account (1) -27,354 14,212
10 Repurchase agreements -21,118 19,404
11 Deposits and brokerage
balances (2) -4,927 -7,871
12 Other liabilities -1,309 2,679
13 Banks' customers'
liabilities (1) 37,227 38,325
14 Negotiable certificates of
deposit and other
short-term instruments 36,823 38,468
15 Other liabilities 404 -143
16 Other foreign official assets
(table 1, line 62) 10,471 33,991
By area:
17 Europe 15,707 46,401
18 Canada -1,056 847
19 Latin America and Caribbean 15,640 8,810
20 Asia 10,678 105,813
21 Africa -593 1,666
22 Other -26,907 -18,040
Not seasonally adjusted
(Credits +; decrease in U.S. assets
or increase in foreign assets.
Debits-; increase in U.S. assets 2008
Line or decrease in foreign assets.)
I II (r)
A1 U.S. official reserve assets, net
(table 1, line 41) -276 -1,267
2 Gold (table 1, line 42) 0 0
Special drawing rights
3 (table 1, line 43) -29 -22
Reserve position in the
International Monetary Fund
4 (table 1, line 44) 112 -955
Foreign currencies
5 (table 1, line 45) -359 -290
B1 Foreign official assets in the 173,533 145,391
United States, net
(table 1, line 56)
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 88,649 58,143
3 Bills and certificates 6,223 24,817
4 Bonds and notes, marketable 82,404 33,303
5 Bonds and notes, nonmarketable 22 23
6 Other U.S. government securities
(table 1, line 59) 79,234 93,145
7 Other U.S. government liabilities
(table 1, line 60) 1,645 2,439
8 U.S. liabilities reported by U.S.
banks, not included elsewhere
(table 1, line 61) -26,930 -30,055
9 Banks' liabilities for own
account (1) -20,974 -6,738
10 Repurchase agreements -18,277 4,037
11 Deposits and brokerage
balances (2) -3,201 -4,830
12 Other liabilities 504 -5,945
13 Banks' customers'
liabilities (1) -5,956 -23,317
14 Negotiable certificates of
deposit and other
short-term instruments -13,583 -17,857
15 Other liabilities 7,627 -5,460
16 Other foreign official assets
(table 1, line 62) 30,935 21,719
By area:
17 Europe 42,919 22,790
18 Canada -17 202
19 Latin America and Caribbean 8,730 23,053
20 Asia 115,426 95,754
21 Africa 1,645 3,688
22 Other 4,830 -96
Not
seasonally
adjusted
(Credits +; decrease in U.S. assets
or increase in foreign assets. Amounts
Debits-; increase in U.S. assets 2008 outstanding
Line or decrease in foreign assets.) Sept. 30,
III (p) 2008
A1 U.S. official reserve assets, net
(table 1, line 41) -179 291,785
2 Gold (table 1, line 42) 0 231,296
Special drawing rights
3 (table 1, line 43) -30 9,418
Reserve position in the
International Monetary Fund
4 (table 1, line 44) 256 4,750
Foreign currencies
5 (table 1, line 45) -405 46,321
B1 Foreign official assets in the 117,663 3,712,381
United States, net
(table 1, line 56)
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 116,479 1,979,094
3 Bills and certificates 49,328 276,848
4 Bonds and notes, marketable 67,128 1,701,067
5 Bonds and notes, nonmarketable 23 1,179
6 Other U.S. government securities
(table 1, line 59) -8,361 964,068
7 Other U.S. government liabilities
(table 1, line 60) 1,714 29,822
8 U.S. liabilities reported by U.S.
banks, not included elsewhere
(table 1, line 61) 9,617 358,730
9 Banks' liabilities for own
account (1) 19,666 216,040
10 Repurchase agreements 3,618 148,256
11 Deposits and brokerage
balances (2) 9,842 56,521
12 Other liabilities 6,206 11,263
13 Banks' customers'
liabilities (1) -10,049 142,690
14 Negotiable certificates of
deposit and other
short-term instruments -6,881 142,690
15 Other liabilities -3,168 (*)
16 Other foreign official assets
(table 1, line 62) -1,786 380,667
By area:
17 Europe 362 653,709
18 Canada -178 11,544
19 Latin America and Caribbean -14,244 294,165
20 Asia 132,371 2,696,215
21 Africa 2,500 35,321
22 Other -3,148 21,427
See the footnotes on pages 60-61.
Table 6. Selected U.S. Government Transactions
[Millions of dollars]
Not seasonally
adjusted
Line 2007 2007
I II
A1 U.S. government grants and
transactions increasing
Government assets, total 59,724 11,213 6,945
By category
2 Grants, net 33,348 10,567 5,662
3 U.S. government current
grants, net (table 1,
line 36, with sign
reversed) 33,237 10,567 5,611
4 Financing military
purchases (1) 5,980 3,640 509
5 Other grants 27,257 6,927 5,102
6 Cash contributions received
from coalition partners
for Persian Gulf
operations ... ... ...
7 Debt forgiveness (table 1,
part of line 39,
with sign reversed) 110 0 51
8 Credits and other long-term
assets (table 1, line 47,
with sign reversed) 2,475 608 1,405
9 Capital subscriptions and
contributions to
international financial
institutions, excluding IMF 1,651 284 1,184
10 Credits repayable in U.S.
dollars 818 319 221
11 Credits repayable in other
than U.S. dollars 5 5 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) 23,902 38 -122
14 Foreign currency holdings
(excluding administrative
cash holdings), net 5 5 0
Receipts from:
15 Sales of agricultural
commodities 0 0 0
16 Interest 0 0 0
17 Repayments of principal 5 5 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 -147 4 -106
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) 24,044 29 -16
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 1,651 284 1,184
28 Under Agricultural Trade
Development and Assistance Act
and related programs 1,802 464 456
29 Under Foreign Assistance Act
and related programs 30,474 9,981 4,990
30 Under Export-Import Bank Act 66 18 42
31 Under Commodity Credit
Corporation Charter Act 147 98 -3
32 Under other grant and credit
programs 1,536 334 293
33 Other foreign currency assets
acquired (lines At 6, At 7,
and At 9) 5 5 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) 24,044 29 -16
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow
from the United States 21,264 7,645 3,672
37 Expenditures on U.S. goods 7,723 4,143 1,010
38 Expenditures on U.S.
services (4) 10,816 2,791 2,055
39 Financing of military sales
contracts by U.S.
government (5) (line C6) 2,539 615 565
40 By long-term credits 207 51 61
41 By short-term credits (1) 0 0 0
42 By grants (1) 2,332 564 504
43 U.S. government grants and
credits to repay prior U.S.
government credits (1)(4) 294 91 133
44 U.S. government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets -95 10 7
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. goods 12 5 98
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) 38,461 3,567 3,274
B1 Repayments on U.S. government
long-term assets, total
(table 1, line 48) 4,104 1,091 687
2 Receipts of principal on U.S.
government credits 4,104 1,091 687
3 Under Agricultural Trade
Development and Assistance
Act and related programs 941 136 40
4 Under Foreign Assistance Act
and related programs 1,517 548 326
5 Under Export-Import Bank Act 1,218 278 292
6 Under Commodity Credit
Corporation Charter Act 428 129 30
7 Under other credit programs 0 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) 5,342 366 -69
2 Associated with military sales
contracts (2) 5,358 383 -88
3 U.S. government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of
refunds (1) 19,904 5,197 3,434
4 Less U.S. government receipts
from principal repayments 535 303 88
5 Less U.S. Treasury securities
issued in connection with
prepayments for military
purchases in the United
States 497 497 0
6 Plus financing of military
sales contracts by U.S.
government (5) (line A39) 2,539 615 565
7 By long-term credits 207 51 61
8 By short-term credits (1) 0 0 0
9 By grants (1) 2,332 564 504
10 Less transfers of goods and
services (including
transfers financed by
grants for military
purchases, and by
credits) (1)(2) (table 1,
line 5) 16,052 4,629 4,000
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 -16 -17 19
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 -16 -17 19
Not seasonally adjusted
Line 2007
III IV
A1 U.S. government grants and
transactions increasing
Government assets, total 7,324 34,242
By category
2 Grants, net 7,167 9,952
3 U.S. government current
grants, net (table 1,
line 36, with sign
reversed) 7,109 9,950
4 Financing military
purchases (1) 705 1,126
5 Other grants 6,404 8,824
6 Cash contributions received
from coalition partners
for Persian Gulf
operations ... ...
7 Debt forgiveness (table 1,
part of line 39,
with sign reversed) 57 2
8 Credits and other long-term
assets (table 1, line 47,
with sign reversed) 182 279
9 Capital subscriptions and
contributions to
international financial
institutions, excluding IMF 90 93
10 Credits repayable in U.S.
dollars 92 186
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) -25 24,011
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 -44 0
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) 20 24,011
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 90 93
28 Under Agricultural Trade
Development and Assistance Act
and related programs 445 437
29 Under Foreign Assistance Act
and related programs 6,207 9,296
30 Under Export-Import Bank Act 3 3
31 Under Commodity Credit
Corporation Charter Act 0 52
32 Under other grant and credit
programs 560 350
33 Other foreign currency assets
acquired (lines At 6, At 7,
and At 9) 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) 20 24,011
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow
from the United States 4,150 5,797
37 Expenditures on U.S. goods 948 1,621
38 Expenditures on U.S.
services (4) 2,442 3,528
39 Financing of military sales
contracts by U.S.
government (5) (line C6) 721 638
40 By long-term credits 21 73
41 By short-term credits (1) 0 0
42 By grants (1) 700 564
43 U.S. government grants and
credits to repay prior U.S.
government credits (1)(4) 65 5
44 U.S. government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets -119 7
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. goods -92 1
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) 3,175 28,445
B1 Repayments on U.S. government
long-term assets, total
(table 1, line 48) 780 1,546
2 Receipts of principal on U.S.
government credits 780 1,546
3 Under Agricultural Trade
Development and Assistance
Act and related programs 127 638
4 Under Foreign Assistance Act
and related programs 294 348
5 Under Export-Import Bank Act 350 298
6 Under Commodity Credit
Corporation Charter Act 8 262
7 Under other credit programs 0 0
8 Receipts on other long-term
assets 0 (*)
C1 U.S. government liabilities other
than securities, total, net
increase (+) (table 1, line 60) 913 4,132
2 Associated with military sales
contracts (2) 933 4,129
3 U.S. government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of
refunds (1) 4,153 7,119
4 Less U.S. government receipts
from principal repayments 59 86
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) 721 638
7 By long-term credits 21 73
8 By short-term credits (1) 0 0
9 By grants (1) 700 564
10 Less transfers of goods and
services (including
transfers financed by
grants for military
purchases, and by
credits) (1)(2) (table 1,
line 5) 3,882 3,541
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 -21 3
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 (*)
15 Other sales and miscellaneous
operations -21 2
Not seasonally adjusted
Line 2008
I II (r) III (p)
A1 U.S. government grants and
transactions increasing
Government assets, total 7,221 49,412 233,708
By category
2 Grants, net 9,999 7,323 7,117
3 U.S. government current
grants, net (table 1,
line 36, with sign
reversed) 9,990 7,305 7,117
4 Financing military
purchases (1) 3,803 732 877
5 Other grants 6,187 6,574 6,241
6 Cash contributions received
from coalition partners
for Persian Gulf
operations ... ... ...
7 Debt forgiveness (table 1,
part of line 39,
with sign reversed) 10 18 0
8 Credits and other long-term
assets (table 1, line 47,
with sign reversed) 179 1,106 338
9 Capital subscriptions and
contributions to
international financial
institutions, excluding IMF 103 1,067 129
10 Credits repayable in U.S.
dollars 76 38 209
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) -2,957 40,983 226,253
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 3 34 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) -2,959 40,949 226,241
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 103 1,067 129
28 Under Agricultural Trade
Development and Assistance Act
and related programs 413 398 438
29 Under Foreign Assistance Act
and related programs 9,305 6,522 6,317
30 Under Export-Import Bank Act 6 14 57
31 Under Commodity Credit
Corporation Charter Act 4 0 4
32 Under other grant and credit
programs 352 461 521
33 Other foreign currency assets
acquired (lines At 6, At 7,
and At 9) 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) -2,959 40,949 226,241
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow
from the United States 7,339 4,260 4,424
37 Expenditures on U.S. goods 4,163 903 1,045
38 Expenditures on U.S.
services (4) 2,470 2,564 2,435
39 Financing of military sales
contracts by U.S.
government (5) (line C6) 672 730 894
40 By long-term credits 0 0 22
41 By short-term credits (1) 0 0 0
42 By grants (1) 672 730 872
43 U.S. government grants and
credits to repay prior U.S.
government credits (1)(4) 31 23 26
44 U.S. government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets 16 52 27
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. goods 12 11 3
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) -118 45,152 229,284
B1 Repayments on U.S. government
long-term assets, total
(table 1, line 48) 487 497 597
2 Receipts of principal on U.S.
government credits 487 497 597
3 Under Agricultural Trade
Development and Assistance
Act and related programs 60 57 68
4 Under Foreign Assistance Act
and related programs 232 168 266
5 Under Export-Import Bank Act 182 269 250
6 Under Commodity Credit
Corporation Charter Act 13 3 13
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) 1,645 2,439 1,714
2 Associated with military sales
contracts (2) 1,649 2,438 1,714
3 U.S. government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of
refunds (1) 7,267 3,483 4,448
4 Less U.S. government receipts
from principal repayments 36 4 58
5 Less U.S. Treasury securities
issued in connection with
prepayments for military
purchases in the United
States 1,883 -1,784 0
6 Plus financing of military
sales contracts by U.S.
government (5) (line A39) 672 730 894
7 By long-term credits 0 0 22
8 By short-term credits (1) 0 0 0
9 By grants (1) 672 730 872
10 Less transfers of goods and
services (including
transfers financed by
grants for military
purchases, and by
credits) (1)(2) (table 1,
line 5) 4,371 3,554 3,570
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 -4 1 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 -4 1 0
See the footnotes on pages 60-61.
Table 7. Direct Investment: Income, Capital, Royalties and License
Fees, and Other Private Services
[Millions of dollars]
Line (Credits +; debits -) 2007
U.S. direct investment abroad:
1 Income (table 1, line 14) 368,275
2 Earnings 361,869
3 Distributed earnings 98,558
4 Reinvested earnings 263,311
5 Reinvested earnings without
current-cost adjustment 243,827
6 Current-cost adjustment 19,484
7 Interest 6,407
8 U.S. parents' receipts 10,882
9 U.S. parents' payments -4,475
10 Income without current-cost
adjustment 348,791
11 Manufacturing 65,127
12 Wholesale trade 30,238
13 Finance (including depository
institutions) and insurance 40,557
14 Holding companies, except
bank holding companies 136,875
15 Other 75,994
16 Earnings without current-cost
adjustment (line 2 less
line 6) 342,385
17 Manufacturing 64,015
18 Wholesale trade 29,863
19 Finance (including depository
institutions) and insurance 40,802
20 Holding companies, except bank
holding companies 134,879
21 Other 72,826
22 Interest 6,407
23 Manufacturing 1,112
24 Wholesale trade 376
25 Finance (including depository
institutions) and
insurance (1) -244
26 Holding companies, except
bank holding companies 1,995
27 Other 3,168
28 Capital (table 1, line 51) -333,271
29 Equity capital: -87,969
30 Increases in equity capital -152,297
31 Decreases in equity capital 64,328
32 Reinvested earnings (line
4 with sign reversed) -263,311
33 Intercompany debt 18,008
34 U.S. parents' receivables -11,635
35 U.S. parents' payables 29,643
36 Capital without current-cost
adjustment -313,787
37 Manufacturing -55,249
38 Wholesale trade -26,385
39 Finance (including depository
institutions) and insurance -53,079
40 Holding companies, except
bank holding companies -115,260
41 Other -63,814
42 Equity capital -87,969
43 Manufacturing -14,081
44 Wholesale trade -3,763
45 Finance (including depository
institutions) and insurance -33,827
46 Holding companies, except
bank holding companies -36,358
47 Other 60
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -243,827
49 Manufacturing -48,515
50 Wholesale trade -22,168
51 Finance (including depository
institutions) and insurance -22,531
52 Holding companies, except
bank holding companies -98,232
53 Other -52,380
54 Intercompany debt 18,008
55 Manufacturing 7,347
56 Wholesale trade -454
57 Finance (including depository
institutions) and
insurance (2) 3,278
58 Holding companies, except
bank holding companies 19,331
59 Other -11,494
60 Royalties and license fees, net 52,494
U.S. parents' receipts
61 (table 1, part of line 9) 54,726
U.S. parents' payments
62 (table 1, part of line 26) -2,233
63 Other private services, net 12,693
U.S. parents' receipts
64 (table 1, part of line 10) 49,238
U.S. parents' payments
65 (table 1, part of line 27) -36,545
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -134,414
67 Earnings -109,784
68 Distributed earnings -41,256
69 Reinvested earnings -68,528
Reinvested earnings without
70 current-cost adjustment -63,825
71 Current-cost adjustment -4,703
72 Interest -24,630
73 U.S. affiliates' payments -31,033
74 U.S. affiliates' receipts 6,403
75 Income without current-cost
adjustment -129,711
76 Manufacturing -60,890
77 Wholesale trade -23,773
78 Finance (including depository insti -6,411
79 Other -38,638
80 Earnings without current-cost
adjustment (line 67 less
line 71) -105,081
81 Manufacturing -49,069
82 Wholesale trade -22,686
83 Finance (including depository
institutions) and insurance -4,475
84 Other -28,851
85 Interest -24,630
86 Manufacturing -11,821
87 Wholesale trade -1,087
88 Finance (including depository
institutions) and
insurance (1) -1,936
89 Other -9,787
90 Capital (table 1, line 64) 237,542
91 Equity capital 147,432
92 Increases in equity capital 213,206
93 Decreases in equity capital -65,774
94 Reinvested earnings
(line 69 with sign reversed) 68,528
95 Intercompany debt 21,581
96 U.S. affiliates' payables 79,418
97 U.S. affiliates' receivables -57,837
98 Capital without current-cost
adjustment 232,839
99 Manufacturing 108,113
100 Wholesale trade 28,314
101 Finance (including depository
institutions) and insurance -4,715
102 Other 101,127
103 Equity capital 147,432
104 Manufacturing 75,630
105 Wholesale trade 5,850
106 Finance (including depository
institutions) and insurance 18,513
107 Other 47,438
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 63,825
109 Manufacturing 26,448
110 Wholesale trade 21,252
111 Finance (including depository
institutions) and insurance -4,943
112 Other 21,069
113 Intercompany debt 21,581
114 Manufacturing 6,035
115 Wholesale trade 1,213
116 Finance (including depository
institutions) and
insurance (2) -18,286
117 Other 32,620
118 Royalties and license fees, net -13,265
119 U.S. affiliates' payments
(table 1, part of line 26) -17,420
120 U.S. affiliates' receipts
(table 1, part of line 9) 4,154
121 Other private services, net 3,534
122 U.S. affiliates' payments
(table 1, part of line 27) -20,518
123 U.S. affiliates' receipts
(table 1, part of line 10) 24,052
Not seasonally adjusted
Line (Credits +; debits -) 2007
I II
U.S. direct investment abroad:
1 Income (table 1, line 14) 81,973 91,434
2 Earnings 80,452 89,925
3 Distributed earnings 15,083 22,007
4 Reinvested earnings 65,369 67,918
5 Reinvested earnings without
current-cost adjustment 60,493 63,042
6 Current-cost adjustment 4,876 4,876
7 Interest 1,521 1,509
8 U.S. parents' receipts 2,598 2,686
9 U.S. parents' payments -1,077 -1,177
10 Income without current-cost
adjustment 77,097 86,558
11 Manufacturing 13,907 17,004
12 Wholesale trade 6,328 7,554
13 Finance (including depository
institutions) and insurance 8,960 10,337
14 Holding companies, except
bank holding companies 31,525 33,348
15 Other 16,376 18,315
16 Earnings without current-cost
adjustment (line 2 less
line 6) 75,576 85,049
17 Manufacturing 13,589 16,701
18 Wholesale trade 6,252 7,471
19 Finance (including depository
institutions) and insurance 9,055 10,436
20 Holding companies, except bank
holding companies 31,042 32,884
21 Other 15,638 17,557
22 Interest 1,521 1,509
23 Manufacturing 317 303
24 Wholesale trade 77 82
25 Finance (including depository
institutions) and
insurance (1) -94 -99
26 Holding companies, except
bank holding companies 483 464
27 Other 738 758
28 Capital (table 1, line 51) -73,354 -96,224
29 Equity capital: -17,777 -44,019
30 Increases in equity capital -25,568 -59,358
31 Decreases in equity capital 7,791 15,339
32 Reinvested earnings (line
4 with sign reversed) 45,369 -67,918
33 Intercompany debt 9,792 15,713
34 U.S. parents' receivables 1,109 7,649
35 U.S. parents' payables 8,683 8,064
36 Capital without current-cost
adjustment -68,478 -91,348
37 Manufacturing -8,708 -26,660
38 Wholesale trade -11,103 -3,492
39 Finance (including depository
institutions) and insurance -11,631 -18,019
40 Holding companies, except
bank holding companies -16,459 -36,715
41 Other -20,576 -6,463
42 Equity capital -17,777 -44,019
43 Manufacturing -4,871 -14,252
44 Wholesale trade -58 -2,101
45 Finance (including depository
institutions) and insurance -7,388 -16,968
46 Holding companies, except
bank holding companies -2,002 -17,134
47 Other -3,459 6,435
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -60,493 -63,042
49 Manufacturing -11,261 -13,883
50 Wholesale trade -5,123 -5,295
51 Finance (including depository
institutions) and insurance -4,987 4,673
52 Holding companies, except
bank holding companies -27,066 -25,095
53 Other -12,055 -12,097
54 Intercompany debt 9,792 15,713
55 Manufacturing 7,424 1,475
56 Wholesale trade -5,923 3,903
57 Finance (including depository
institutions) and
insurance (2) 744 5,622
58 Holding companies, except
bank holding companies 12,610 5,514
59 Other -5,063 -801
60 Royalties and license fees, net 11,603 12,465
U.S. parents' receipts
61 (table 1, part of line 9) 12,157 12,993
U.S. parents' payments
62 (table 1, part of line 26) -553 -528
63 Other private services, net 2,569 3,649
U.S. parents' receipts
64 (table 1, part of line 10) 10,843 12,453
U.S. parents' payments
65 (table 1, part of line 27) -82,731 4,804
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -32,097 -41,982
67 Earnings -26,866 -36,220
68 Distributed earnings -7,819 -6,591
69 Reinvested earnings -19,047 -29,628
Reinvested earnings without
70 current-cost adjustment -17,841 -28,442
71 Current-cost adjustment -1,206 -1,186
72 Interest -5,231 -5,762
73 U.S. affiliates' payments -6,348 -7,371
74 U.S. affiliates' receipts 1,117 1,609
75 Income without current-cost
adjustment -30,891 -40,796
76 Manufacturing -12,846 -17,028
77 Wholesale trade -5,557 -7,776
78 Finance (including depository insti -4,010 -4,746
79 Other -8,478 -11,245
80 Earnings without current-cost
adjustment (line 67 less
line 71) -25,660 -35,034
81 Manufacturing -10,115 -14,264
82 Wholesale trade -5,353 -7,494
83 Finance (including depository
institutions) and insurance -3,448 -4,290
84 Other -6,744 -8,986
85 Interest -5,231 -5,762
86 Manufacturing -2,731 -2,764
87 Wholesale trade -204 -282
88 Finance (including depository
institutions) and
insurance (1) -561 -457
89 Other -1,734 -2,259
90 Capital (table 1, line 64) 13,917 64,470
91 Equity capital 17,608 36,662
92 Increases in equity capital 30,518 46,728
93 Decreases in equity capital -12,910 -10,066
94 Reinvested earnings
(line 69 with sign reversed) 19,047 29,628
95 Intercompany debt -22,738 -1,821
96 U.S. affiliates' payables 21,337 -1,377
97 U.S. affiliates' receivables -44,075 -444
98 Capital without current-cost
adjustment 12,711 63,284
99 Manufacturing 11,756 14,272
100 Wholesale trade 6,283 7,597
101 Finance (including depository
institutions) and insurance -19,067 16,821
102 Other 13,739 24,595
103 Equity capital 17,608 36,662
104 Manufacturing 7,744 16,123
105 Wholesale trade 448 2,509
106 Finance (including depository
institutions) and insurance 2,118 8,589
107 Other 7,298 9,441
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 17,841 28,442
109 Manufacturing 6,385 12,056
110 Wholesale trade 5,263 6,724
111 Finance (including depository
institutions) and insurance 1,458 1,946
112 Other 4,734 7,715
113 Intercompany debt -22,738 -1,821
114 Manufacturing -2,374 -13,907
115 Wholesale trade 572 -1,637
116 Finance (including depository
institutions) and
insurance (2) -22,643 6,285
117 Other 1,707 7,438
118 Royalties and license fees, net -3,437 -3,251
119 U.S. affiliates' payments
(table 1, part of line 26) 4,499 -4,168
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,062 918
121 Other private services, net 875 785
122 U.S. affiliates' payments
(table 1, part of line 27) -4,927 -5,327
123 U.S. affiliates' receipts
(table 1, part of line 10) 5,802 6,112
Not seasonally adjusted
Line (Credits +; debits -) 2007
III IV
U.S. direct investment abroad:
1 Income (table 1, line 14) 95,105 99,764
2 Earnings 93,391 98,101
3 Distributed earnings 17,376 44,093
4 Reinvested earnings 76,015 54,009
5 Reinvested earnings without
current-cost adjustment 71,144 49,148
6 Current-cost adjustment 4,871 4,861
7 Interest 1,714 1,663
8 U.S. parents' receipts 2,803 2,795
9 U.S. parents' payments -1,089 -1,133
10 Income without current-cost
adjustment 90,234 94,903
11 Manufacturing 16,956 17,260
12 Wholesale trade 7,595 8,761
13 Finance (including depository
institutions) and insurance 11,237 10,023
14 Holding companies, except
bank holding companies 35,392 36,610
15 Other 19,054 22,248
16 Earnings without current-cost
adjustment (line 2 less
line 6) 88,520 93,240
17 Manufacturing 16,704 17,021
18 Wholesale trade 7,492 8,648
19 Finance (including depository
institutions) and insurance 11,287 10,024
20 Holding companies, except bank
holding companies 34,824 36,129
21 Other 18,213 21,418
22 Interest 1,714 1,663
23 Manufacturing 252 239
24 Wholesale trade 103 114
25 Finance (including depository
institutions) and
insurance (1) -50 -1
26 Holding companies, except
bank holding companies 568 480
27 Other 841 831
28 Capital (table 1, line 51) -71,015 -92,678
29 Equity capital: 2,718 -28,890
30 Increases in equity capital -20,706 -46,664
31 Decreases in equity capital 23,424 17,774
32 Reinvested earnings (line
4 with sign reversed) -76,015 -54,009
33 Intercompany debt 2,282 -9,779
34 U.S. parents' receivables -10,878 -9,515
35 U.S. parents' payables 13,160 -264
36 Capital without current-cost
adjustment -66,144 -87,817
37 Manufacturing -13,541 -6,341
38 Wholesale trade -6,470 -5,319
39 Finance (including depository
institutions) and insurance -13,402 -10,027
40 Holding companies, except
bank holding companies -17,890 -44,196
41 Other -14,841 -21,934
42 Equity capital 2,718 -28,890
43 Manufacturing -1,540 6,582
44 Wholesale trade -1,250 -355
45 Finance (including depository
institutions) and insurance -7,225 -2,246
46 Holding companies, except
bank holding companies 11,130 -28,353
47 Other 1,603 -4,519
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -71,144 -49,148
49 Manufacturing -13,013 -10,358
50 Wholesale trade -5,866 -5,885
51 Finance (including depository
institutions) and insurance -7,776 -3,094
52 Holding companies, except
bank holding companies -29,782 -16,289
53 Other -14,707 -13,522
54 Intercompany debt 2,282 -9,779
55 Manufacturing 1,012 -2,564
56 Wholesale trade 646 920
57 Finance (including depository
institutions) and
insurance (2) 1,598 4,687
58 Holding companies, except
bank holding companies 762 445
59 Other -1,737 -3,893
60 Royalties and license fees, net 13,717 14,708
U.S. parents' receipts
61 (table 1, part of line 9) 14,354 15,223
U.S. parents' payments
62 (table 1, part of line 26) -636 -515
63 Other private services, net 3,212 3,262
U.S. parents' receipts
64 (table 1, part of line 10) 12,515 13,428
U.S. parents' payments
65 (table 1, part of line 27) -9,302 -10,166
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -34,800 -25,536
67 Earnings -28,549 -18,149
68 Distributed earnings -7,932 -18,914
69 Reinvested earnings -20,618 764
Reinvested earnings without
70 current-cost adjustment -19,451 1,908
71 Current-cost adjustment -1,167 -1,144
72 Interest -6,250 -7,387
73 U.S. affiliates' payments -7,937 -9,377
74 U.S. affiliates' receipts 1,686 1,990
75 Income without current-cost
adjustment -33,633 -24,392
76 Manufacturing -12,710 -18,305
77 Wholesale trade -5,868 -4,571
78 Finance (including depository insti -4,960 7,305
79 Other -10,094 -8,821
80 Earnings without current-cost
adjustment (line 67 less
line 71) -27,382 -17,005
81 Manufacturing -9,782 -14,909
82 Wholesale trade -5,548 -4,291
83 Finance (including depository
institutions) and insurance -4,455 7,718
84 Other -7,598 -5,524
85 Interest -6,250 -7,387
86 Manufacturing -2,929 -3,397
87 Wholesale trade -321 -280
88 Finance (including depository
institutions) and
insurance (1) -505 -413
89 Other -2,496 -3,297
90 Capital (table 1, line 64) 106,648 52,506
91 Equity capital 69,018 24,144
92 Increases in equity capital 72,585 63,376
93 Decreases in equity capital -3,567 -39,231
94 Reinvested earnings
(line 69 with sign reversed) 20,618 -764
95 Intercompany debt 17,013 29,126
96 U.S. affiliates' payables 23,330 36,128
97 U.S. affiliates' receivables -6,317 -7,002
98 Capital without current-cost
adjustment 105,481 51,362
99 Manufacturing 43,089 38,995
100 Wholesale trade 13,702 732
101 Finance (including depository
institutions) and insurance 19,057 -21,526
102 Other 29,633 33,161
103 Equity capital 69,018 24,144
104 Manufacturing 22,084 29,679
105 Wholesale trade 893 2,000
106 Finance (including depository
institutions) and insurance 18,896 -11,089
107 Other 27,145 3,555
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 19,451 -1,908
109 Manufacturing 5,280 2,726
110 Wholesale trade 5,320 3,944
111 Finance (including depository
institutions) and insurance 2,864 -11,212
112 Other 5,987 2,633
113 Intercompany debt 17,013 29,126
114 Manufacturing 15,726 6,590
115 Wholesale trade 7,489 -5,212
116 Finance (including depository
institutions) and
insurance (2) -2,703 775
117 Other -3,499 26,973
118 Royalties and license fees, net -2,894 -3,684
119 U.S. affiliates' payments
(table 1, part of line 26) -4,017 -4,736
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,123 1,052
121 Other private services, net 579 1,294
122 U.S. affiliates' payments
(table 1, part of line 27) -5,046 -5,218
123 U.S. affiliates' receipts
(table 1, part of line 10) 5,626 6,512
Not seasonally adjusted
Line (Credits +; debits -) 2008
I II (r)
U.S. direct investment abroad:
1 Income (table 1, line 14) 95,434 103,541
2 Earnings 93,652 101,814
3 Distributed earnings 25,925 30,595
4 Reinvested earnings 67,728 71,219
5 Reinvested earnings without
current-cost adjustment 62,905 66,408
6 Current-cost adjustment 4,823 4,811
7 Interest 1,782 1,727
8 U.S. parents' receipts 2,857 2,780
9 U.S. parents' payments -1,075 -1,053
10 Income without current-cost
adjustment 90,611 98,730
11 Manufacturing 17,199 18,784
12 Wholesale trade 7,120 8,232
13 Finance (including depository
institutions) and insurance 10,885 11,996
14 Holding companies, except
bank holding companies 34,640 37,969
15 Other 20,767 21,749
16 Earnings without current-cost
adjustment (line 2 less
line 6) 88,829 97,003
17 Manufacturing 16,944 18,530
18 Wholesale trade 7,020 8,180
19 Finance (including depository
institutions) and insurance 10,837 11,993
20 Holding companies, except bank
holding companies 34,118 37,483
21 Other 19,910 20,817
22 Interest 1,782 1,727
23 Manufacturing 255 254
24 Wholesale trade 100 53
25 Finance (including depository
institutions) and
insurance (1) 49 3
26 Holding companies, except
bank holding companies 523 486
27 Other 857 932
28 Capital (table 1, line 51) -100,548 -88,551
29 Equity capital: -22,011 -8,633
30 Increases in equity capital -28,628 -17,860
31 Decreases in equity capital 6,617 9,227
32 Reinvested earnings (line
4 with sign reversed) -67,728 -71,219
33 Intercompany debt -10,809 -8,700
34 U.S. parents' receivables -16,360 -12,371
35 U.S. parents' payables 5,552 3,671
36 Capital without current-cost
adjustment -95,725 -83,740
37 Manufacturing -17,086 -18,433
38 Wholesale trade -11,292 -7,061
39 Finance (including depository
institutions) and insurance -21,952 -7,038
40 Holding companies, except
bank holding companies -24,733 -33,123
41 Other -20,662 -18,086
42 Equity capital -22,011 -8,633
43 Manufacturing -1,529 -2,496
44 Wholesale trade -742 334
45 Finance (including depository
institutions) and insurance -10,395 128
46 Holding companies, except
bank holding companies -2,386 -3,431
47 Other -6,960 -3,167
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -62,905 -66,408
49 Manufacturing -14,615 -14,828
50 Wholesale trade 4,263 -7,242
51 Finance (including depository
institutions) and insurance 4,290 -1,177
52 Holding companies, except
bank holding companies -22,986 -26,596
53 Other -12,750 -16,565
54 Intercompany debt -10,809 -8,700
55 Manufacturing -942 -1,108
56 Wholesale trade -4,287 -152
57 Finance (including depository
institutions) and
insurance (2) -5,266 -5,988
58 Holding companies, except
bank holding companies 639 -3,096
59 Other -953 1,645
60 Royalties and license fees, net 13,225 13,928
U.S. parents' receipts
61 (table 1, part of line 9) 13,771 14,502
U.S. parents' payments
62 (table 1, part of line 26) -546 -574
63 Other private services, net 3,432 2,191
U.S. parents' receipts
64 (table 1, part of line 10) 12,532 13,076
U.S. parents' payments
65 (table 1, part of line 27) -9,100 -10,885
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -25,884 -38,122
67 Earnings -19,320 -32,947
68 Distributed earnings -11,047 -8,230
69 Reinvested earnings -8,274 -24,717
Reinvested earnings without
70 current-cost adjustment -7,176 -23,637
71 Current-cost adjustment -1,098 -1,080
72 Interest -6,563 -5,175
73 U.S. affiliates' payments -8,526 -6,983
74 U.S. affiliates' receipts 1,963 1,809
75 Income without current-cost
adjustment -24,786 -37,042
76 Manufacturing -8,867 -13,559
77 Wholesale trade -6,043 -5,046
78 Finance (including depository insti -796 -8,323
79 Other -9,079 -10,114
80 Earnings without current-cost
adjustment (line 67 less
line 71) -18,222 -31,867
81 Manufacturing x,242 -11,386
82 Wholesale trade -5,811 -4,857
83 Finance (including depository
institutions) and insurance -253 -7,827
84 Other -5,916 -7,797
85 Interest -6,563 -5,175
86 Manufacturing -2,625 -2,173
87 Wholesale trade -233 -190
88 Finance (including depository
institutions) and
insurance (1) -544 -496
89 Other -3,162 -2,316
90 Capital (table 1, line 64) 80,819 108,215
91 Equity capital 45,689 42,408
92 Increases in equity capital 54,316 49,799
93 Decreases in equity capital -8,628 -7,391
94 Reinvested earnings
(line 69 with sign reversed) 8,274 24,717
95 Intercompany debt 26,856 41,090
96 U.S. affiliates' payables 23,537 51,563
97 U.S. affiliates' receivables 3,319 -10,473
98 Capital without current-cost
adjustment 79,721 107,135
99 Manufacturing 17,329 32,695
100 Wholesale trade 16,539 26,200
101 Finance (including depository
institutions) and insurance 21,405 27,189
102 Other 24,449 21,051
103 Equity capital 45,689 42,408
104 Manufacturing 9,474 13,414
105 Wholesale trade 721 10,512
106 Finance (including depository
institutions) and insurance 23,044 15,095
107 Other 12,451 3,387
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 7,176 23,637
109 Manufacturing 4,042 6,425
110 Wholesale trade 5,585 4,452
111 Finance (including depository
institutions) and insurance -3,764 6,049
112 Other 1,313 6,711
113 Intercompany debt 26,856 41,090
114 Manufacturing 3,814 12,856
115 Wholesale trade 10,232 11,236
116 Finance (including depository
institutions) and
insurance (2) 2,125 6,045
117 Other 10,685 10,953
118 Royalties and license fees, net -3,544 -3,322
119 U.S. affiliates' payments
(table 1, part of line 26) -4,459 -4,338
120 U.S. affiliates' receipts
(table 1, part of line 9) 914 1,016
121 Other private services, net 1,055 1,621
122 U.S. affiliates' payments
(table 1, part of line 27) -4,445 -4,595
123 U.S. affiliates' receipts
(table 1, part of line 10) 5,500 6,216
Not
seasonally Seasonally
adjusted adjusted
Line (Credits +; debits -) 2008 2007
III (p) I
U.S. direct investment abroad:
1 Income (table 1, line 14) 98,275 83,391
2 Earnings 96,516 81,870
3 Distributed earnings 24,384 23,149
4 Reinvested earnings 72,132 58,721
5 Reinvested earnings without
current-cost adjustment 67,328 53,845
6 Current-cost adjustment 4,804 4,876
7 Interest 1,759 1,521
8 U.S. parents' receipts 2,784 2,598
9 U.S. parents' payments -1,025 -1,077
10 Income without current-cost
adjustment 93,471 78,515
11 Manufacturing 18,056 14,727
12 Wholesale trade 7,881 7,014
13 Finance (including depository
institutions) and insurance 9,997 8,873
14 Holding companies, except
bank holding companies 36,146 31,525
15 Other 21,391 16,376
16 Earnings without current-cost
adjustment (line 2 less
line 6) 91,712 76,994
17 Manufacturing 17,796 14,410
18 Wholesale trade 7,823 6,937
19 Finance (including depository
institutions) and insurance 9,956 8,967
20 Holding companies, except bank
holding companies 35,638 31,042
21 Other 20,499 15,638
22 Interest 1,759 1,521
23 Manufacturing 260 317
24 Wholesale trade 58 77
25 Finance (including depository
institutions) and
insurance (1) 41 -94
26 Holding companies, except
bank holding companies 508 483
27 Other 892 738
28 Capital (table 1, line 51) -70,073 -66,706
29 Equity capital: -12,429 -17,777
30 Increases in equity capital -23,891 -25,568
31 Decreases in equity capital 11,462 7,791
32 Reinvested earnings (line
4 with sign reversed) -72,132 -58,721
33 Intercompany debt 14,488 9,792
34 U.S. parents' receivables 12,586 1,109
35 U.S. parents' payables 1,903 8,683
36 Capital without current-cost
adjustment -65,269 -61,830
37 Manufacturing -9,711 -8,347
38 Wholesale trade -8,877 -11,332
39 Finance (including depository
institutions) and insurance -565 -10,542
40 Holding companies, except
bank holding companies -31,806 -13,358
41 Other -14,309 -18,251
42 Equity capital -12,429 -17,777
43 Manufacturing -1,105 -4,871
44 Wholesale trade -16 -58
45 Finance (including depository
institutions) and insurance 2,357 -7,388
46 Holding companies, except
bank holding companies -9,469 -2,002
47 Other -4,196 -3,459
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -67,328 -53,845
49 Manufacturing -13,188 -10,900
50 Wholesale trade 4,326 -5,351
51 Finance (including depository
institutions) and insurance -5,149 -3,899
52 Holding companies, except
bank holding companies -26,350 -23,965
53 Other -16,316 -9,730
54 Intercompany debt 14,488 9,792
55 Manufacturing 4,581 7,424
56 Wholesale trade -2,536 -5,923
57 Finance (including depository
institutions) and
insurance (2) 2,226 744
58 Holding companies, except
bank holding companies 4,013 12,610
59 Other 6,204 -5,063
60 Royalties and license fees, net 14,204 11,953
U.S. parents' receipts
61 (table 1, part of line 9) 14,800 12,506
U.S. parents' payments
62 (table 1, part of line 26) -595 -553
63 Other private services, net 2,040 2,506
U.S. parents' receipts
64 (table 1, part of line 10) 13,078 11,226
U.S. parents' payments
65 (table 1, part of line 27) -11,039 -8,720
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -32,123 -33,128
67 Earnings -26,414 -27,897
68 Distributed earnings -6,069 -8,742
69 Reinvested earnings -20,346 -19,155
Reinvested earnings without
70 current-cost adjustment -19,279 -17,949
71 Current-cost adjustment -1,067 -1,206
72 Interest -5,708 -5,231
73 U.S. affiliates' payments -7,543 -6,348
74 U.S. affiliates' receipts 1,835 1,117
75 Income without current-cost
adjustment -31,056 -31,922
76 Manufacturing -12,125 -13,877
77 Wholesale trade -6,069 -5,557
78 Finance (including depository insti -3,094 -4,010
79 Other -9,768 -8,478
80 Earnings without current-cost
adjustment (line 67 less
line 71) -25,347 -26,691
81 Manufacturing -9,810 -11,146
82 Wholesale trade -5,713 -5,353
83 Finance (including depository
institutions) and insurance -2,616 -3,448
84 Other -7,208 -6,744
85 Interest -5,708 -5,231
86 Manufacturing -2,314 -2,731
87 Wholesale trade -356 -204
88 Finance (including depository
institutions) and
insurance (1) -479 -561
89 Other -2,560 -1,734
90 Capital (table 1, line 64) 66,373 14,026
91 Equity capital 44,897 17,608
92 Increases in equity capital 52,479 30,518
93 Decreases in equity capital -7,582 -12,910
94 Reinvested earnings
(line 69 with sign reversed) 20,346 19,155
95 Intercompany debt 1,130 -22,738
96 U.S. affiliates' payables 1,234 21,337
97 U.S. affiliates' receivables -104 -44,075
98 Capital without current-cost
adjustment 65,306 12,820
99 Manufacturing 12,450 12,786
100 Wholesale trade 13,327 6,283
101 Finance (including depository
institutions) and insurance 29,531 -19,782
102 Other 9,998 13,532
103 Equity capital 44,897 17,608
104 Manufacturing 8,630 7,744
105 Wholesale trade 6,565 448
106 Finance (including depository
institutions) and insurance 21,439 2,118
107 Other 8,263 7,298
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 19,279 17,949
109 Manufacturing 6,663 7,416
110 Wholesale trade 5,103 5,263
111 Finance (including depository
institutions) and insurance 1,962 743
112 Other 5,550 4,527
113 Intercompany debt 1,130 -22,738
114 Manufacturing -2,843 -2,374
115 Wholesale trade 1,659 572
116 Finance (including depository
institutions) and
insurance (2) 6,129 -22,643
117 Other -3,815 1,707
118 Royalties and license fees, net -3,489 -3,694
119 U.S. affiliates' payments
(table 1, part of line 26) -4,534 -4,756
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,045 1,062
121 Other private services, net 1,439 1,058
122 U.S. affiliates' payments
(table 1, part of line 27) -4,638 -4,927
123 U.S. affiliates' receipts
(table 1, part of line 10) 6,077 5,985
Seasonally adjusted
Line (Credits +; debits -) 2007
II III
U.S. direct investment abroad:
1 Income (table 1, line 14) 89,673 94,953
2 Earnings 88,164 93,239
3 Distributed earnings 22,853 26,196
4 Reinvested earnings 65,311 67,043
5 Reinvested earnings without
current-cost adjustment 60,435 62,172
6 Current-cost adjustment 4,876 4,871
7 Interest 1,509 1,714
8 U.S. parents' receipts 2,686 2,803
9 U.S. parents' payments -1,177 -1,089
10 Income without current-cost
adjustment 84,797 90,082
11 Manufacturing 15,925 16,988
12 Wholesale trade 7,362 7,947
13 Finance (including depository
institutions) and insurance 9,846 10,701
14 Holding companies, except
bank holding companies 33,348 35,392
15 Other 18,315 19,054
16 Earnings without current-cost
adjustment (line 2 less
line 6) 83,288 88,368
17 Manufacturing 15,622 16,735
18 Wholesale trade 7,280 7,844
19 Finance (including depository
institutions) and insurance 9,945 10,751
20 Holding companies, except bank
holding companies 32,884 34,824
21 Other 17,557 18,213
22 Interest 1,509 1,714
23 Manufacturing 303 252
24 Wholesale trade 82 103
25 Finance (including depository
institutions) and
insurance (1) -99 -50
26 Holding companies, except
bank holding companies 464 568
27 Other 758 841
28 Capital (table 1, line 51) -93,616 -62,043
29 Equity capital: -44,019 2,718
30 Increases in equity capital -59,358 -20,706
31 Decreases in equity capital 15,339 23,424
32 Reinvested earnings (line
4 with sign reversed) -65,311 -67,043
33 Intercompany debt 15,713 2,282
34 U.S. parents' receivables 7,649 -10,878
35 U.S. parents' payables 8,064 13,160
36 Capital without current-cost
adjustment -88,740 -57,172
37 Manufacturing -24,938 -12,961
38 Wholesale trade -2,897 -6,322
39 Finance (including depository
institutions) and insurance -16,711 -12,049
40 Holding companies, except
bank holding companies -35,963 -13,298
41 Other -8,231 -12,543
42 Equity capital -44,019 2,718
43 Manufacturing -14,252 -1,540
44 Wholesale trade -2,101 -1,250
45 Finance (including depository
institutions) and insurance -16,968 -7,225
46 Holding companies, except
bank holding companies -17,134 11,130
47 Other 6,435 1,603
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -60,435 -62,172
49 Manufacturing -12,162 -12,433
50 Wholesale trade 4,699 -5,717
51 Finance (including depository
institutions) and insurance -5,365 4,422
52 Holding companies, except
bank holding companies -24,344 -25,190
53 Other -13,865 -12,409
54 Intercompany debt 15,713 2,282
55 Manufacturing 1,475 1,012
56 Wholesale trade 3,903 646
57 Finance (including depository
institutions) and
insurance (2) 5,622 1,598
58 Holding companies, except
bank holding companies 5,514 762
59 Other -801 -1,737
60 Royalties and license fees, net 12,552 13,901
U.S. parents' receipts
61 (table 1, part of line 9) 13,080 14,537
U.S. parents' payments
62 (table 1, part of line 26) -528 -636
63 Other private services, net 3,376 3,268
U.S. parents' receipts
64 (table 1, part of line 10) 12,232 12,804
U.S. parents' payments
65 (table 1, part of line 27) -8,856 -9,536
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -40,620 -35,243
67 Earnings -34,858 -28,992
68 Distributed earnings -7,837 -9,115
69 Reinvested earnings -27,021 -19,877
Reinvested earnings without
70 current-cost adjustment -25,835 -18,710
71 Current-cost adjustment -1,186 -1,167
72 Interest -5,762 -6,250
73 U.S. affiliates' payments -7,371 -7,937
74 U.S. affiliates' receipts 1,609 1,686
75 Income without current-cost
adjustment -39,434 -34,076
76 Manufacturing -15,666 -13,153
77 Wholesale trade -7,776 -5,868
78 Finance (including depository insti -4,746 -4,960
79 Other -11,245 -10,094
80 Earnings without current-cost
adjustment (line 67 less
line 71) -33,672 -27,825
81 Manufacturing -12,902 -10,225
82 Wholesale trade -7,494 -5,548
83 Finance (including depository
institutions) and insurance -4,290 -4,455
84 Other -8,986 -7,598
85 Interest -5,762 -6,250
86 Manufacturing -2,764 -2,929
87 Wholesale trade -282 -321
88 Finance (including depository
institutions) and
insurance (1) -457 -505
89 Other -2,259 -2,496
90 Capital (table 1, line 64) 61,862 105,908
91 Equity capital 36,662 69,018
92 Increases in equity capital 46,728 72,585
93 Decreases in equity capital -10,066 -3,567
94 Reinvested earnings
(line 69 with sign reversed) 27,021 19,877
95 Intercompany debt -1,821 17,013
96 U.S. affiliates' payables -1,377 23,330
97 U.S. affiliates' receivables -444 -6,317
98 Capital without current-cost
adjustment 60,676 104,741
99 Manufacturing 12,910 43,533
100 Wholesale trade 7,597 13,702
101 Finance (including depository
institutions) and insurance 16,460 18,158
102 Other 23,709 29,348
103 Equity capital 36,662 69,018
104 Manufacturing 16,123 22,084
105 Wholesale trade 2,509 893
106 Finance (including depository
institutions) and insurance 8,589 18,896
107 Other 9,441 27,145
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 25,835 18,710
109 Manufacturing 10,695 5,723
110 Wholesale trade 6,724 5,320
111 Finance (including depository
institutions) and insurance 1,586 1,965
112 Other 6,830 5,702
113 Intercompany debt -1,821 17,013
114 Manufacturing -13,907 15,726
115 Wholesale trade -1,637 7,489
116 Finance (including depository
institutions) and
insurance (2) 6,285 -2,703
117 Other 7,438 -3,499
118 Royalties and license fees, net -3,499 -3,044
119 U.S. affiliates' payments
(table 1, part of line 26) -4,416 -4,167
120 U.S. affiliates' receipts
(table 1, part of line 9) 918 1,123
121 Other private services, net 813 984
122 U.S. affiliates' payments
(table 1, part of line 27) -5,327 -5,046
123 U.S. affiliates' receipts
(table 1, part of line 10) 6,140 6,031
Seasonally adjusted
Line (Credits +; debits -) 2007 2008
IV I
U.S. direct investment abroad:
1 Income (table 1, line 14) 100,259 97,262
2 Earnings 98,596 95,480
3 Distributed earnings 26,360 39,201
4 Reinvested earnings 72,236 56,280
5 Reinvested earnings without
current-cost adjustment 67,375 51,457
6 Current-cost adjustment 4,861 4,823
7 Interest 1,663 1,782
8 U.S. parents' receipts 2,795 2,857
9 U.S. parents' payments -1,133 -1,075
10 Income without current-cost
adjustment 95,398 92,439
11 Manufacturing 17,487 18,238
12 Wholesale trade 7,915 7,883
13 Finance (including depository
institutions) and insurance 11,137 10,912
14 Holding companies, except
bank holding companies 36,610 34,640
15 Other 22,248 20,767
16 Earnings without current-cost
adjustment (line 2 less
line 6) 93,735 90,657
17 Manufacturing 17,249 17,983
18 Wholesale trade 7,801 7,783
19 Finance (including depository
institutions) and insurance 11,138 10,863
20 Holding companies, except bank
holding companies 36,129 34,118
21 Other 21,418 19,910
22 Interest 1,663 1,782
23 Manufacturing 239 255
24 Wholesale trade 114 100
25 Finance (including depository
institutions) and
insurance (1) -1 49
26 Holding companies, except
bank holding companies 480 523
27 Other 831 857
28 Capital (table 1, line 51) -110,905 -89,100
29 Equity capital: -28,890 -22,011
30 Increases in equity capital -46,664 -28,628
31 Decreases in equity capital 17,774 6,617
32 Reinvested earnings (line
4 with sign reversed) -72,236 -56,280
33 Intercompany debt -9,779 -10,809
34 U.S. parents' receivables -9,515 -16,360
35 U.S. parents' payables -264 5,552
36 Capital without current-cost
adjustment -106,044 -84,277
37 Manufacturing -9,003 -17,010
38 Wholesale trade -5,835 -11,671
39 Finance (including depository
institutions) and insurance -13,777 -20,821
40 Holding companies, except
bank holding companies -52,641 -17,061
41 Other -24,789 -17,712
42 Equity capital -28,890 -22,011
43 Manufacturing 6,582 -1,529
44 Wholesale trade -355 -742
45 Finance (including depository
institutions) and insurance -2,246 -10,395
46 Holding companies, except
bank holding companies -28,353 -2,386
47 Other -4,519 -6,960
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -67,375 -51,457
49 Manufacturing -13,020 -14,540
50 Wholesale trade 4,400 4,643
51 Finance (including depository
institutions) and insurance 4,845 -5,160
52 Holding companies, except
bank holding companies -24,733 -15,314
53 Other -16,377 -9,800
54 Intercompany debt -9,779 -10,809
55 Manufacturing -2,564 -942
56 Wholesale trade 920 -4,287
57 Finance (including depository
institutions) and
insurance (2) -4,687 -5,266
58 Holding companies, except
bank holding companies 445 639
59 Other -3,893 -953
60 Royalties and license fees, net 14,088 13,676
U.S. parents' receipts
61 (table 1, part of line 9) 14,603 14,222
U.S. parents' payments
62 (table 1, part of line 26) -515 -546
63 Other private services, net 3,543 3,393
U.S. parents' receipts
64 (table 1, part of line 10) 12,976 12,984
U.S. parents' payments
65 (table 1, part of line 27) -9,434 -9,591
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -25,424 -27,001
67 Earnings -18,037 -20,438
68 Distributed earnings -15,562 -12,545
69 Reinvested earnings -2,476 -7,892
Reinvested earnings without
70 current-cost adjustment -1,332 -6,794
71 Current-cost adjustment -1,144 -1,098
72 Interest -7,387 -6,563
73 U.S. affiliates' payments -9,377 -8,526
74 U.S. affiliates' receipts 1,990 1,963
75 Income without current-cost
adjustment -24,280 -25,903
76 Manufacturing -18,193 -9,985
77 Wholesale trade -4,571 -6,043
78 Finance (including depository insti 7,305 -796
79 Other -8,821 -9,079
80 Earnings without current-cost
adjustment (line 67 less
line 71) -16,893 -19,340
81 Manufacturing -14,797 -7,360
82 Wholesale trade -4,291 -5,811
83 Finance (including depository
institutions) and insurance 7,718 -253
84 Other -5,524 -5,916
85 Interest -7,387 -6,563
86 Manufacturing -3,397 -2,625
87 Wholesale trade -280 -233
88 Finance (including depository
institutions) and
insurance (1) -413 -544
89 Other -3,297 -3,162
90 Capital (table 1, line 64) 55,746 80,437
91 Equity capital 24,144 45,689
92 Increases in equity capital 63,376 54,316
93 Decreases in equity capital -39,231 -8,628
94 Reinvested earnings
(line 69 with sign reversed) 2,476 7,892
95 Intercompany debt 29,126 26,856
96 U.S. affiliates' payables 36,128 23,537
97 U.S. affiliates' receivables -7,002 3,319
98 Capital without current-cost
adjustment 54,602 79,339
99 Manufacturing 38,883 18,446
100 Wholesale trade 732 16,539
101 Finance (including depository
institutions) and insurance -19,552 20,208
102 Other 34,538 24,146
103 Equity capital 24,144 45,689
104 Manufacturing 29,679 9,474
105 Wholesale trade 2,000 721
106 Finance (including depository
institutions) and insurance -11,089 23,044
107 Other 3,555 12,451
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 1,332 6,794
109 Manufacturing 2,614 5,159
110 Wholesale trade 3,944 5,585
111 Finance (including depository
institutions) and insurance -9,237 -4,961
112 Other 4,010 1,010
113 Intercompany debt 29,126 26,856
114 Manufacturing 6,590 3,814
115 Wholesale trade -5,212 10,232
116 Finance (including depository
institutions) and
insurance (2) 775 2,125
117 Other 26,973 10,685
118 Royalties and license fees, net -3,029 -3,779
119 U.S. affiliates' payments
(table 1, part of line 26) -4,081 4,693
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,052 914
121 Other private services, net 679 1,309
122 U.S. affiliates' payments
(table 1, part of line 27) -5,218 4,445
123 U.S. affiliates' receipts
(table 1, part of line 10) 5,897 5,754
Seasonally adjusted
Line (Credits +; debits -) 2008
II (r) III (p)
U.S. direct investment abroad:
1 Income (table 1, line 14) 101,524 98,068
2 Earnings 99,796 96,309
3 Distributed earnings 33,079 37,379
4 Reinvested earnings 66,717 58,930
5 Reinvested earnings without
current-cost adjustment 61,906 54,126
6 Current-cost adjustment 4,811 4,804
7 Interest 1,727 1,759
8 U.S. parents' receipts 2,780 2,784
9 U.S. parents' payments -1,053 -1,025
10 Income without current-cost
adjustment 96,713 93,264
11 Manufacturing 17,589 18,037
12 Wholesale trade 7,992 8,233
13 Finance (including depository
institutions) and insurance 11,414 9,457
14 Holding companies, except
bank holding companies 37,969 36,146
15 Other 21,749 21,391
16 Earnings without current-cost
adjustment (line 2 less
line 6) 94,985 91,505
17 Manufacturing 17,335 17,777
18 Wholesale trade 7,940 8,175
19 Finance (including depository
institutions) and insurance 11,411 9,416
20 Holding companies, except bank
holding companies 37,483 35,638
21 Other 20,817 20,499
22 Interest 1,727 1,759
23 Manufacturing 254 260
24 Wholesale trade 53 58
25 Finance (including depository
institutions) and
insurance (1) 3 41
26 Holding companies, except
bank holding companies 486 508
27 Other 932 892
28 Capital (table 1, line 51) -84,049 -56,871
29 Equity capital: -8,633 -12,429
30 Increases in equity capital -17,860 -23,891
31 Decreases in equity capital 9,227 11,462
32 Reinvested earnings (line
4 with sign reversed) -66,717 -58,930
33 Intercompany debt -8,700 14,488
34 U.S. parents' receivables -12,371 12,586
35 U.S. parents' payables 3,671 1,903
36 Capital without current-cost
adjustment -79,238 -52,067
37 Manufacturing -16,466 -9,091
38 Wholesale trade -6,575 -8,619
39 Finance (including depository
institutions) and insurance -3,978 1,196
40 Holding companies, except
bank holding companies -32,968 -24,371
41 Other -19,251 -11,182
42 Equity capital -8,633 -12,429
43 Manufacturing -2,496 -1,105
44 Wholesale trade 334 -16
45 Finance (including depository
institutions) and insurance 128 2,357
46 Holding companies, except
bank holding companies -3,431 -9,469
47 Other -3,167 -4,196
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign reversed) -61,906 -54,126
49 Manufacturing -12,862 -12,567
50 Wholesale trade 4,756 4,068
51 Finance (including depository
institutions) and insurance 1,883 -3,387
52 Holding companies, except
bank holding companies -26,441 -18,915
53 Other -17,729 -13,189
54 Intercompany debt 4,700 14,488
55 Manufacturing -1,108 4,581
56 Wholesale trade -152 -2,536
57 Finance (including depository
institutions) and
insurance (2) -5,988 2,226
58 Holding companies, except
bank holding companies -3,096 4,013
59 Other 1,645 6,204
60 Royalties and license fees, net 13,997 14,324
U.S. parents' receipts
61 (table 1, part of line 9) 14,571 14,919
U.S. parents' payments
62 (table 1, part of line 26) -574 -595
63 Other private services, net 1,796 2,066
U.S. parents' receipts
64 (table 1, part of line 10) 12,734 13,343
U.S. parents' payments
65 (table 1, part of line 27) -10,938 -11,277
Foreign direct investment in the
United States:
66 Income (table 1, line 31) -36,656 -32,769
67 Earnings X1,482 -27,061
68 Distributed earnings -9,676 -6,971
69 Reinvested earnings -21,806 -20,090
Reinvested earnings without
70 current-cost adjustment -20,726 -19,023
71 Current-cost adjustment -1,080 -1,067
72 Interest -5,175 -5,708
73 U.S. affiliates' payments -6,983 -7,543
74 U.S. affiliates' receipts 1,809 1,835
75 Income without current-cost
adjustment -35,576 -31,702
76 Manufacturing -12,094 -12,771
77 Wholesale trade -5,046 -6,069
78 Finance (including depository insti -8,323 -3,094
79 Other -10,114 -9,768
80 Earnings without current-cost
adjustment (line 67 less
line 71) -30,402 -25,994
81 Manufacturing -9,921 -10,457
82 Wholesale trade -4,857 -5,713
83 Finance (including depository
institutions) and insurance -7,827 -2,616
84 Other -7,797 -7,208
85 Interest -5,175 -5,708
86 Manufacturing -2,173 -2,314
87 Wholesale trade -190 -356
88 Finance (including depository
institutions) and
insurance (1) -496 -479
89 Other -2,316 -2,560
90 Capital (table 1, line 64) 105,304 66,117
91 Equity capital 42,408 44,897
92 Increases in equity capital 49,799 52,479
93 Decreases in equity capital -7,391 -7,582
94 Reinvested earnings
(line 69 with sign reversed) 21,806 20,090
95 Intercompany debt 41,090 1,130
96 U.S. affiliates' payables 51,563 1,234
97 U.S. affiliates' receivables -10,473 -104
98 Capital without current-cost
adjustment 104,224 65,050
99 Manufacturing 31,229 13,097
100 Wholesale trade 26,200 13,327
101 Finance (including depository
institutions) and insurance 26,619 29,038
102 Other 20,176 9,588
103 Equity capital 42,408 44,897
104 Manufacturing 13,414 8,630
105 Wholesale trade 10,512 6,565
106 Finance (including depository
institutions) and insurance 15,095 21,439
107 Other 3,387 8,263
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign reversed) 20,726 19,023
109 Manufacturing 4,960 7,310
110 Wholesale trade 4,452 5,103
111 Finance (including depository
institutions) and insurance 5,479 1,470
112 Other 5,835 5,140
113 Intercompany debt 41,090 1,130
114 Manufacturing 12,856 -2,843
115 Wholesale trade 11,236 1,659
116 Finance (including depository
institutions) and
insurance (2) 6,045 6,129
117 Other 10,953 -3,815
118 Royalties and license fees, net -3,596 -3,714
119 U.S. affiliates' payments
(table 1, part of line 26) -4,613 -4,759
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,016 1,045
121 Other private services, net 1,782 1,876
122 U.S. affiliates' payments
(table 1, part of line 27) 4,595 -4,638
123 U.S. affiliates' receipts
(table 1, part of line 10) 6,377 6,514
See the footnotes on pages 60-61.
Table 8. Transactions in Long-Term Securities
[Millions of dollars]
Not
seasonally
adjusted
Line (Credits +; debits-) 2007 2007
I
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -288,731 -99,541
2 Stocks, gross purchases by
U.S. residents 5,334,954 1,150,926
3 Stocks, gross sales by U.S.
residents 5,216,931 1,107,188
4 Stocks, net purchases by U.S.
residents -118,023 -43,738
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: -82,450 -37,572
8 Of which: United Kingdom -71,384 -26,825
9 Canada -7,943 -1,555
10 Caribbean financial
centers (2) -6,817 1,369
11 Latin America, excluding
Caribbean financial centers -11,314 1,766
12 Asia -4,826 -4,782
13 Of which: Japan -1,529 -2,557
14 Africa -1,917 121
15 Other -2,756 -3,085
16 Bonds, gross purchases by U.S.
residents 3,143,328 782,609
17 Bonds, gross sales by U.S.
residents 2,972,620 726,806
18 Bonds, net purchases by U.S.
residents -170,708 -55,803
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 -149,520 -44,245
22 Of which: United Kingdom -92,500 -24,420
23 Canada -4,818 -1,816
24 Caribbean financial
centers (2) -46,200 -16,483
25 Latin America, excluding
Caribbean financial centers 3,362 -8
26 Asia 31,370 7,975
27 Of which: Japan 5,587 -1,223
28 Africa 3,011 25
29 Other -7,913 -1,251
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) 573,850 183,507
2 Stocks, gross purchases by
foreign residents 10,600,970 2,132,802
3 Stocks, gross sales by foreign
residents 10,418,560 2,090,408
4 Stocks, net purchases by foreign
residents 182,410 42,394
Net purchases by foreign
residents, by area:
5 Europe 90,791 25,333
6 Of which: United Kingdom 67,854 20,213
7 Canada 9,780 -1,163
8 Caribbean financial
centers (2) 47,124 17,119
9 Latin America, excluding
Caribbean financial centers 1,156 444
10 Asia 27,855 -709
11 Of which: Japan -5,571 -531
12 Africa -355 -133
13 Other 6,059 1,503
14 Corporate bonds, gross purchases
by foreign residents 1,840,549 498,803
15 Corporate bonds, gross sales
by foreign residents 1,468,462 326,953
16 Corporate bonds, net purchases
by foreign residents 372,087 171,850
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 215,411 121,615
20 Of which: United Kingdom 128,869 65,401
21 Canada 12,412 5,258
22 Caribbean financial
centers (2) 61,915 27,730
23 Latin America, excluding
Caribbean financial centers 4,696 807
24 Asia 71,799 13,267
25 Of which: Japan 38,552 2,785
26 Africa -401 -3
27 Other 6,255 3,176
28 Federally sponsored agency bonds,
gross purchases by foreign
residents 1,693,220 374,193
29 Federally sponsored agency bonds,
gross sales by foreign
residents 1,673,867 404,930
30 Federally sponsored agency bonds,
net purchases by foreign
residents 19,353 -30,737
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 53,428 -17,876
34 Of which: United Kingdom 72,621 -12,571
35 Canada 3,337 1,655
36 Caribbean financial
centers (2) -16,901 -5,446
37 Latin America, excluding
Caribbean financial centers 3,285 689
38 Asia -24,227 -9,798
39 Of which: Japan -9,305 -8,312
40 Africa -83 43
41 Other 514 4
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) 127,958 38,412
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 14,349,195 3,291,540
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 14,221,237 3,253,128
Net purchases by foreign
residents, by area:
4 Europe 129,317 31,092
5 Canada -3,147 3,268
6 Caribbean financial centers (2) 2,372 6,881
7 Latin America, excluding
Caribbean financial centers 18,646 3,697
8 Asia -19,626 -6,749
9 Africa 2 -430
10 Other -1,105 653
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) 39,133 18,042
2 Other U.S. government securities
(line B6) 171,465 81,303
3 U.S. corporate and other bonds
(part of line B16) 51,584 10,782
4 U.S. stocks (part of line B16) 15,107 153
Not seasonally
adjusted
Line (Credits +; debits-) 2007
II III
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -84,671 -100,317
2 Stocks, gross purchases by
U.S. residents 1,278,627 1,415,030
3 Stocks, gross sales by U.S.
residents 1,251,880 1,358,168
4 Stocks, net purchases by U.S.
residents -26,747 -56,862
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: -28,709 -11,264
8 Of which: United Kingdom -28,161 -7,996
9 Canada -2,490 -1,420
10 Caribbean financial
centers (2) 14,872 -33,655
11 Latin America, excluding
Caribbean financial centers -536 -7,095
12 Asia -9,238 -2,609
13 Of which: Japan -4,584 -479
14 Africa -280 -1,103
15 Other -366 284
16 Bonds, gross purchases by U.S.
residents 887,380 816,252
17 Bonds, gross sales by U.S.
residents 829,456 772,797
18 Bonds, net purchases by U.S.
residents -57,924 -43,455
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 43,218 -56,915
22 Of which: United Kingdom -18,190 -45,209
23 Canada -870 543
24 Caribbean financial
centers (2) -14,030 917
25 Latin America, excluding
Caribbean financial centers -6,022 4,493
26 Asia 9,883 6,764
27 Of which: Japan -783 3,171
28 Africa 151 536
29 Other -3,818 207
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) 310,340 -30,486
2 Stocks, gross purchases by
foreign residents 2,446,848 2,992,423
3 Stocks, gross sales by foreign
residents 2,342,369 3,013,100
4 Stocks, net purchases by foreign
residents 104,479 -20,677
Net purchases by foreign
residents, by area:
5 Europe 53,950 -17,363
6 Of which: United Kingdom 37,172 -12,926
7 Canada 1,121 2,924
8 Caribbean financial
centers (2) 40,463 -12,843
9 Latin America, excluding
Caribbean financial centers 586 144
10 Asia 5,661 6,335
11 Of which: Japan -3,891 -1,293
12 Africa -58 -20
13 Other 2,756 146
14 Corporate bonds, gross purchases
by foreign residents 525,437 412,699
15 Corporate bonds, gross sales
by foreign residents 355,864 419,951
16 Corporate bonds, net purchases
by foreign residents 169,573 -7,252
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 127,133 -26,726
20 Of which: United Kingdom 75,794 -15,133
21 Canada 3,266 2,951
22 Caribbean financial
centers (2) 18,784 -2,564
23 Latin America, excluding
Caribbean financial centers 1,470 1,477
24 Asia 16,156 17,461
25 Of which: Japan 6,303 11,788
26 Africa -147 -173
27 Other 2,911 322
28 Federally sponsored agency bonds,
gross purchases by foreign
residents 404,385 432,515
29 Federally sponsored agency bonds,
gross sales by foreign
residents 368,097 435,072
30 Federally sponsored agency bonds,
net purchases by foreign
residents 36,288 -2,557
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 20,646 21,069
34 Of which: United Kingdom 21,722 27,682
35 Canada 1,045 1,021
36 Caribbean financial
centers (2) -2,089 -14,261
37 Latin America, excluding
Caribbean financial centers 1,193 1,358
38 Asia 15,550 -11,494
39 Of which: Japan 8,256 -7,612
40 Africa -26 -24
41 Other -31 -226
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) -836 51,915
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 3,400,999 4,013,569
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 3,401,835 3,961,654
Net purchases by foreign
residents, by area:
4 Europe 18,797 67,733
5 Canada 220 -7,256
6 Caribbean financial centers (2) -32,892 11,570
7 Latin America, excluding
Caribbean financial centers 1,491 4,613
8 Asia 10,497 -24,114
9 Africa 814 190
10 Other 237 X21
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) 39,741 -43,183
2 Other U.S. government securities
(line B6) 60,031 18,022
3 U.S. corporate and other bonds
(part of line B16) 10,965 9,184
4 U.S. stocks (part of line B16) 329 1,287
Not seasonally
adjusted
Line (Credits +; debits-) 2007 2008
IV I
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -4,202 -35,066
2 Stocks, gross purchases by
U.S. residents 1,490,371 1,481,084
3 Stocks, gross sales by U.S.
residents 1,499,695 1,454,234
4 Stocks, net purchases by U.S.
residents 9,324 -26,850
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: -4,905 -14,524
8 Of which: United Kingdom -8,402 -12,442
9 Canada -2,478 -4,166
10 Caribbean financial
centers (2) 10,597 -12,621
11 Latin America, excluding
Caribbean financial centers -5,449 -226
12 Asia 11,803 3,672
13 Of which: Japan 6,091 -35
14 Africa -655 -171
15 Other 411 1,186
16 Bonds, gross purchases by U.S.
residents 657,087 762,102
17 Bonds, gross sales by U.S.
residents 643,561 753,886
18 Bonds, net purchases by U.S.
residents -13,526 -8,216
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 -5,142 -17,731
22 Of which: United Kingdom -4,681 -9,237
23 Canada -2,675 5,444
24 Caribbean financial
centers (2) -16,604 -3,455
25 Latin America, excluding
Caribbean financial centers 4,899 13,846
26 Asia 6,748 10,386
27 Of which: Japan 4,422 3,078
28 Africa 2,299 458
29 Other -3,051 -17,164
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) 110,489 -20,475
2 Stocks, gross purchases by
foreign residents 3,028,897 3,390,980
3 Stocks, gross sales by foreign
residents 2,972,683 3,382,704
4 Stocks, net purchases by foreign
residents 56,214 8,276
Net purchases by foreign
residents, by area:
5 Europe 28,871 -632
6 Of which: United Kingdom 23,395 -8,531
7 Canada 6,898 2
8 Caribbean financial
centers (2) 2,385 -11,606
9 Latin America, excluding
Caribbean financial centers -18 1,533
10 Asia 16,568 19,429
11 Of which: Japan 144 4,726
12 Africa -144 -2,591
13 Other 1,654 442
14 Corporate bonds, gross purchases
by foreign residents 403,610 386,016
15 Corporate bonds, gross sales
by foreign residents 365,694 396,745
16 Corporate bonds, net purchases
by foreign residents 37,916 -10,729
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 -6,611 -25,731
20 Of which: United Kingdom 2,807 -18,178
21 Canada 937 1,341
22 Caribbean financial
centers (2) 17,965 -117
23 Latin America, excluding
Caribbean financial centers 942 1,636
24 Asia 24,915 12,038
25 Of which: Japan 17,676 9,211
26 Africa -78 -84
27 Other -154 188
28 Federally sponsored agency bonds,
gross purchases by foreign
residents 482,127 772,591
29 Federally sponsored agency bonds,
gross sales by foreign
residents 465,768 790,613
30 Federally sponsored agency bonds,
net purchases by foreign
residents 16,359 -18,022
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 29,589 22,969
34 Of which: United Kingdom 35,788 18,040
35 Canada -384 4,304
36 Caribbean financial
centers (2) 4,895 -32,620
37 Latin America, excluding
Caribbean financial centers 45 85
38 Asia -18,485 -14
39 Of which: Japan -1,637 4,725
40 Africa -76 17
41 Other 775 1,044
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) 38,467 15,403
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 3,643,087 4,161,209
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 3,604,620 4,145,806
Net purchases by foreign
residents, by area:
4 Europe 11,695 -8,019
5 Canada 621 2,471
6 Caribbean financial centers (2) 16,813 -23,538
7 Latin America, excluding
Caribbean financial centers 8,845 6,299
8 Asia 740 37
9 Africa 927 1,837
10 Other -1,174 -571
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) 24,533 82,404
2 Other U.S. government securities
(line B6) 12,109 79,234
3 U.S. corporate and other bonds
(part of line B16) 20,653 12,407
4 U.S. stocks (part of line B16) 13,338 18,528
Not seasonally
adjusted
Line (Credits +; debits-) 2008
II III (p)
A1 Foreign securities, net purchases
(-) or net sales (+) by U.S.
residents (table 1, line 52 or
lines 4 + 18 below) -33,576 86,768
2 Stocks, gross purchases by
U.S. residents 1,521,861 1,457,656
3 Stocks, gross sales by U.S.
residents 1,500,509 1,472,413
4 Stocks, net purchases by U.S.
residents -21,352 14,757
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: -11,431 14,355
8 Of which: United Kingdom -16,324 8,641
9 Canada -6,216 4
10 Caribbean financial
centers (2) -5,902 -23,439
11 Latin America, excluding
Caribbean financial centers 440 -4,529
12 Asia 5,939 24,694
13 Of which: Japan 2,523 10,256
14 Africa -1,911 -68
15 Other -2,271 -665
16 Bonds, gross purchases by U.S.
residents 575,813 470,845
17 Bonds, gross sales by U.S.
residents 563,589 542,856
18 Bonds, net purchases by U.S.
residents -12,224 72,011
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 -11,719 56,464
22 Of which: United Kingdom -10,533 7,131
23 Canada -4,821 1,043
24 Caribbean financial
centers (2) -3,283 755
25 Latin America, excluding
Caribbean financial centers 1,063 4,923
26 Asia 16,055 1,041
27 Of which: Japan -117 -2,611
28 Africa 991 1,867
29 Other -10,510 5,918
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) 17,068 -89,163
2 Stocks, gross purchases by
foreign residents 3,014,693 3,334,579
3 Stocks, gross sales by foreign
residents 3,015,375 3,332,030
4 Stocks, net purchases by foreign
residents fi82 2,549
Net purchases by foreign
residents, by area:
5 Europe 3,082 5,312
6 Of which: United Kingdom 13,295 18,192
7 Canada 3,904 697
8 Caribbean financial
centers (2) -22,432 2,987
9 Latin America, excluding
Caribbean financial centers 820 2,192
10 Asia 12,551 -6,428
11 Of which: Japan 1,786 1,629
12 Africa -289 -1,831
13 Other 1,682 -380
14 Corporate bonds, gross purchases
by foreign residents 453,137 266,907
15 Corporate bonds, gross sales
by foreign residents 402,587 301,577
16 Corporate bonds, net purchases
by foreign residents 50,550 -34,670
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 2,417 -30,742
20 Of which: United Kingdom -1,866 -11,241
21 Canada 3,224 255
22 Caribbean financial
centers (2) 27,627 -7,418
23 Latin America, excluding
Caribbean financial centers -171 289
24 Asia 16,382 4,734
25 Of which: Japan 9,383 4,446
26 Africa -32 -283
27 Other 1,103 -1,505
28 Federally sponsored agency bonds,
gross purchases by foreign
residents 620,433 458,618
29 Federally sponsored agency bonds,
gross sales by foreign
residents 653,233 515,660
30 Federally sponsored agency bonds,
net purchases by foreign
residents -32,800 -57,042
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 -5,972 -28,351
34 Of which: United Kingdom 9,872 -9,672
35 Canada 3,635 -2,320
36 Caribbean financial
centers (2) -19,283 1,417
37 Latin America, excluding
Caribbean financial centers 893 432
38 Asia -12,048 -27,911
39 Of which: Japan -3,168 -19,569
40 Africa -100 -65
41 Other 75 -244
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) 69,184 14,118
2 U.S. Treasury bonds and notes,
gross purchases by foreign
residents 3,510,382 3,675,036
3 U.S. Treasury bonds and notes,
gross sales by foreign
residents 3,441,198 3,660,918
Net purchases by foreign
residents, by area:
4 Europe 43,403 -6,103
5 Canada 6,922 -6,682
6 Caribbean financial centers (2) 12,784 25,361
7 Latin America, excluding
Caribbean financial centers 1,872 568
8 Asia 3 1,254
9 Africa 2,243 369
10 Other -571 -649
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) 33,303 67,128
2 Other U.S. government securities
(line B6) 93,145 -8,361
3 U.S. corporate and other bonds
(part of line B16) 20,720 -1,488
4 U.S. stocks (part of line B16) 999 -298
See the footnotes on pages 60-61.
Table 9. Claims on and Liabilities to Unaffiliated Foreigners
Reported by U.S. Nonbanking Concerns Except Securities Brokers (1)
[Millions of dollars]
Line (Credits +; decrease in U.S. assets 2007
or increase in U.S. liabilities.
Debits -; increase in U.S. assets
or decrease in U.S. liabilities.)
A1 Claims, total (table 1, line 53) -706
2 Financial claims 9,620
3 Denominated in U.S. dollars 34,959
4 Denominated in foreign
currencies -25,339
By instrument: (2)
5 Resale agreements 5,626
6 Negotiable certificates of
deposit -16
7 Other short-term instruments
(including money market
instruments) 1,528
8 Deposits -88,141
9 Other claims 90,623
10 Of which: Financial
intermediaries'
accounts (3) 96,873
By area:
11 Europe -39,235
Of which:
12 United Kingdom -29,659
13 Germany 12,029
14 Caribbean financial
centers (4) 50,291
15 Other -1,436
16 Commercial claims -10,326
17 Denominated in U.S. dollars -9,838
18 Denominated in foreign
currencies -488
By instrument:
19 Trade receivables -8,347
20 Advance payments and other
claims -1,979
By area:
21 Europe -2,451
22 Canada -1,779
23 Asia -4,312
24 Other -1,784
B1 Liabilities, total (table 1, line 68) 156,290
2 Financial liabilities 141,184
3 Denominated in U.S. dollars 89,749
4 Denominated in foreign
currencies 51,435
By instrument: (2)
5 Repurchase agreements -11,557
6 Short-term instruments -6,937
7 Other liabilities 159,678
8 Of which: Financial
intermediaries'
accounts (3) 25,659
By area:
9 Europe 115,194
Of which:
10 United Kingdom 71,450
11 Germany -739
12 Caribbean financial
centers (4) 23,516
13 Other 2,474
14 Commercial liabilities 15,106
15 Denominated in U.S. dollars 15,354
16 Denominated in foreign
currencies -248
By instrument:
17 Trade payables 2,038
18 Advance receipts and other
liabilities 13,068
By area:
19 Europe 4,281
20 Canada 1,910
21 Asia 4,539
22 Other 4,376
Not seasonally adjusted
Line (Credits +; decrease in U.S. assets 2007
or increase in U.S. liabilities.
Debits -; increase in U.S. assets
or decrease in U.S. liabilities.) I II
A1 Claims, total (table 1, line 53) -46,048 -134,713
2 Financial claims -45,302 -129,507
3 Denominated in U.S. dollars -26,162 -109,428
4 Denominated in foreign
currencies -19,140 -20,079
By instrument: (2)
5 Resale agreements -4,750 4,013
6 Negotiable certificates of
deposit 9 -14
7 Other short-term instruments
(including money market
instruments) 2,157 -1,625
8 Deposits -40,978 -70,201
9 Other claims -1,740 -61,680
10 Of which: Financial
intermediaries'
accounts (3) 3,641 -58,072
By area:
11 Europe -41,202 -37,219
Of which:
12 United Kingdom -22,345 -50,259
13 Germany 6,169 -1,079
14 Caribbean financial
centers (4) -3,739 -88,656
15 Other -361 -3,632
16 Commercial claims -746 -5,206
17 Denominated in U.S. dollars -1,129 -5,355
18 Denominated in foreign
currencies 383 149
By instrument:
19 Trade receivables -440 -2,668
20 Advance payments and other
claims -306 -2,538
By area:
21 Europe -733 -1,896
22 Canada 554 -1,253
23 Asia 167 -1,639
24 Other -734 -418
B1 Liabilities, total (table 1, line 68) 90,061 122,476
2 Financial liabilities 87,949 111,324
3 Denominated in U.S. dollars 78,162 95,364
4 Denominated in foreign
currencies 9,787 15,960
By instrument: (2)
5 Repurchase agreements 2,430 3,767
6 Short-term instruments -3,949 -953
7 Other liabilities 89,468 108,510
8 Of which: Financial
intermediaries'
accounts (3) 23,863 397
By area:
9 Europe 89,259 73,052
Of which:
10 United Kingdom 63,391 65,860
11 Germany -9,401 9,419
12 Caribbean financial
centers (4) -1,480 35,807
13 Other 170 2,465
14 Commercial liabilities 2,112 11,152
15 Denominated in U.S. dollars 1,816 11,326
16 Denominated in foreign
currencies 296 -174
By instrument:
17 Trade payables 1,480 1,017
18 Advance receipts and other
liabilities 632 10,135
By area:
19 Europe 792 3,103
20 Canada 417 602
21 Asia -11 5,266
22 Other 914 2,181
Not seasonally adjusted
Line (Credits +; decrease in U.S. assets 2007
or increase in U.S. liabilities.
Debits -; increase in U.S. assets
or decrease in U.S. liabilities.) III IV
A1 Claims, total (table 1, line 53) 80,012 100,043
2 Financial claims 80,119 104,310
3 Denominated in U.S. dollars 73,658 96,891
4 Denominated in foreign
currencies 6,461 7,419
By instrument: (2)
5 Resale agreements 1,591 4,772
6 Negotiable certificates of
deposit 6 -17
7 Other short-term instruments
(including money market
instruments) 878 118
8 Deposits -26,250 49,288
9 Other claims 103,894 50,149
10 Of which: Financial
intermediaries'
accounts (3) 102,680 48,624
By area:
11 Europe 29,152 10,034
Of which:
12 United Kingdom 44,371 -1,426
13 Germany 1,743 5,196
14 Caribbean financial
centers (4) 49,599 93,087
15 Other 1,368 1,189
16 Commercial claims -107 -4,267
17 Denominated in U.S. dollars -492 -2,862
18 Denominated in foreign
currencies 385 -1,405
By instrument:
19 Trade receivables -389 -4,850
20 Advance payments and other
claims 282 583
By area:
21 Europe 324 -146
22 Canada 529 -1,609
23 Asia -471 -2,369
24 Other -489 -143
B1 Liabilities, total (table 1, line 68) 55,599 -111,846
2 Financial liabilities 51,786 -109,875
3 Denominated in U.S. dollars 42,583 -126,360
4 Denominated in foreign
currencies 9,203 16,485
By instrument: (2)
5 Repurchase agreements -10,193 -7,561
6 Short-term instruments -2,250 215
7 Other liabilities 64,229 -102,529
8 Of which: Financial
intermediaries'
accounts (3) 40,878 -39,479
By area:
9 Europe 51,108 -98,225
Of which:
10 United Kingdom -15,991 -41,810
11 Germany 1,611 -2,368
12 Caribbean financial
centers (4) -454 -10,357
13 Other 1,132 -1,293
14 Commercial liabilities 3,813 -1,971
15 Denominated in U.S. dollars 4,529 -2,317
16 Denominated in foreign
currencies -716 346
By instrument:
17 Trade payables 1,020 -1,479
18 Advance receipts and other
liabilities 2,793 -492
By area:
19 Europe 153 233
20 Canada -477 1,368
21 Asia 2,724 -3,440
22 Other 1,413 -132
Not seasonally adjusted
Line (Credits +; decrease in U.S. assets 2008
or increase in U.S. liabilities.
Debits -; increase in U.S. assets
or decrease in U.S. liabilities.) I II (r)
A1 Claims, total (table 1, line 53) 81,848 49,324
2 Financial claims 80,581 53,481
3 Denominated in U.S. dollars 97,728 53,482
4 Denominated in foreign
currencies -17,147 -1
By instrument: (2)
5 Resale agreements 2,043 1,612
6 Negotiable certificates of
deposit 3 -9
7 Other short-term instruments
(including money market
instruments) -336 -24
8 Deposits 77,603 40,671
9 Other claims 1,268 11,231
10 Of which: Financial
intermediaries'
accounts (3) 2,293 7,340
By area:
11 Europe 37,435 48,782
Of which:
12 United Kingdom 46,601 61,891
13 Germany 872 -4,344
14 Caribbean financial
centers (4) 33,081 6,238
15 Other 10,065 -1,539
16 Commercial claims 1,267 -4,157
17 Denominated in U.S. dollars 158 -5,081
18 Denominated in foreign
currencies 1,109 924
By instrument:
19 Trade receivables 2,094 -4,284
20 Advance payments and other
claims 427 127
By area:
21 Europe -78 -2,050
22 Canada 619 -243
23 Asia 1,222 -302
24 Other -496 -1,562
B1 Liabilities, total (table 1, line 68) 84,085 -54,350
2 Financial liabilities 74,823 -57,511
3 Denominated in U.S. dollars 72,413 -16,422
4 Denominated in foreign
currencies 2,410 -41,089
By instrument: (2)
5 Repurchase agreements -2,738 -387
6 Short-term instruments 2,540 -1,318
7 Other liabilities 75,021 -55,806
8 Of which: Financial
intermediaries'
accounts (3) 13,924 373
By area:
9 Europe 79,248 -48,853
Of which:
10 United Kingdom 52,951 -35,055
11 Germany 9,223 -13,123
12 Caribbean financial
centers (4) -1,589 -9,192
13 Other -2,836 534
14 Commercial liabilities 9,262 3,161
15 Denominated in U.S. dollars 8,533 3,965
16 Denominated in foreign
currencies 729 -804
By instrument:
17 Trade payables 4,556 5,489
18 Advance receipts and other
liabilities 4,706 -2,328
By area:
19 Europe 289 2,162
20 Canada -285 480
21 Asia 7,053 -258
22 Other 2,205 777
Not
seasonally
adjusted
Amounts
Line (Credits +; decrease in U.S. assets 2008 outstanding
or increase in U.S. liabilities. Sept. 30,
Debits -; increase in U.S. assets
or decrease in U.S. liabilities.) III (p) 2008
A1 Claims, total (table 1, line 53) 53,787 1,177,354
2 Financial claims 49,268 1,130,964
3 Denominated in U.S. dollars 49,226 910,150
4 Denominated in foreign
currencies 42 220,814
By instrument: (2)
5 Resale agreements 1,199 5,836
6 Negotiable certificates of
deposit -12 49
7 Other short-term instruments
(including money market
instruments) 446 901
8 Deposits -997 775,948
9 Other claims 48,632 348,230
10 Of which: Financial
intermediaries'
accounts (3) 48,548 305,664
By area:
11 Europe 83,253 817,044
Of which:
12 United Kingdom 59,305 444,070
13 Germany 5,623 39,205
14 Caribbean financial
centers (4) -35,367 273,337
15 Other 1,382 40,583
16 Commercial claims 4,519 46,390
17 Denominated in U.S. dollars 3,350 44,595
18 Denominated in foreign
currencies 1,169 1,795
By instrument:
19 Trade receivables 3,324 40,290
20 Advance payments and other
claims 1,195 6,100
By area:
21 Europe 3,329 15,468
22 Canada 402 4,384
23 Asia -541 15,016
24 Other 1,329 11,522
B1 Liabilities, total (table 1, line 68) 83,598 1,082,687
2 Financial liabilities 84,719 1,015,701
3 Denominated in U.S. dollars 36,243 809,211
4 Denominated in foreign
currencies 48,476 206,490
By instrument: (2)
5 Repurchase agreements -588 3,906
6 Short-term instruments 9 6,163
7 Other liabilities 85,298 1,005,632
8 Of which: Financial
intermediaries'
accounts (3) -9,463 245,411
By area:
9 Europe 75,448 914,727
Of which:
10 United Kingdom 72,355 558,941
11 Germany 7,478 106,346
12 Caribbean financial
centers (4) 10,686 80,491
13 Other -1,415 20,483
14 Commercial liabilities -1,121 66,986
15 Denominated in U.S. dollars -746 64,320
16 Denominated in foreign
currencies -375 2,666
By instrument:
17 Trade payables -4,284 33,416
18 Advance receipts and other
liabilities 3,163 33,570
By area:
19 Europe 93 17,853
20 Canada 96 5,930
21 Asia 1,283 31,410
22 Other -2,593 11,793
See the footnotes on pages 60-61.
Table 10. Claims on Foreigners Reported by U.S. Banks and Securities
Brokers (1)
[Millions of dollars]
Line (Credits +; decrease in U.S. assets. 2007
Debits -; increase in U.S. assets.)
1 Claims reported by U.S. banks and
securities brokers, total
(table 1, line 54) -644,751
2 Claims for own accounts -523,293
3 Denominated in dollars -496,754
By instrument: (2)
4 Resale agreements -136,054
Negotiable certificates of
5 deposit 442
Other short-term instruments
(including money market
6 instruments) -7,910
Deposits and brokerage
7 balances -47,870
Other claims (including
8 loans) -305,362
By foreign borrower:
Claims on:
9 Foreign banks -394,250
10 Foreign nonbanks,
excluding foreign
official institutions -91,280
11 Foreign official
institutions (3) -11,224
By type of U.S. reporting
institution: (4)
U.S.-owned banks' claims on:
12 Foreign banks -75,013
Foreign nonbanks and
foreign official
13 institutions -35,193
Foreign-owned banks'
claims on:
14 Foreign banks -226,817
Foreign nonbanks and
foreign official
15 institutions -28,942
Brokers' and dealers'
claims on:
16 Foreign banks -92,420
Foreign nonbanks and
foreign official
17 institutions -38,369
18 Denominated in foreign -26,539
currencies
By instrument: (2)
19 Deposits and brokerage
balances -9,089
20 Other claims (including
loans) -17,450
21 Claims for customers' accounts -121,458
22 Denominated in dollars -118,139
By instrument: (2)
23 Commercial paper (5) 1,728
24 Negotiable certificates
of deposit -1,295
25 Other short-term
instruments (including
money market
instruments) (6) -319
26 Deposits and brokerage
balances (including
sweep accounts) (7) -116,725
27 Other claims -1,528
28 Denominated in foreign
currencies -3,319
By instrument: (2)
29 Deposits and brokerage
balances -10,310
30 Other claims 6,991
Claims, total (line 1), by area:
31 Europe -463,738
Of which:
32 United Kingdom -200,111
33 Switzerland -75,511
34 Canada -30,957
35 Caribbean financial centers (8) -138,732
36 Latin America, excluding
Caribbean financial centers -27,798
37 Asia 41,149
38 Of which: Japan 62,072
39 Africa -5,794
40 Other -18,881
Memoranda:
1 International banking facilities'
(IBFs) own claims, denominated
in dollars (in lines 1-15 above) -119,295
By bank ownership: (4)
2 U.S. owned IBFs -38,693
3 Foreign-owned IBFs -80,602
Not seasonally adjusted
Line (Credits +; decrease in U.S. assets. 2007
Debits -; increase in U.S. assets.)
I II
1 Claims reported by U.S. banks and
securities brokers, total
(table 1, line 54) -230,143 -209,985
2 Claims for own accounts -222,213 -123,041
3 Denominated in dollars -222,320 -111,686
By instrument: (2)
4 Resale agreements -75,037 -54,991
Negotiable certificates of
5 deposit -3,522 513
Other short-term instruments
(including money market
6 instruments) 977 -2,293
Deposits and brokerage
7 balances -64,938 -11,022
Other claims (including
8 loans) -79,800 -43,893
By foreign borrower:
Claims on:
9 Foreign banks -182,961 -51,556
10 Foreign nonbanks,
excluding foreign
official institutions -44,952 -56,657
11 Foreign official
institutions (3) 5,593 -3,473
By type of U.S. reporting
institution: (4)
U.S.-owned banks' claims on:
12 Foreign banks -21,555 -8,119
Foreign nonbanks and
foreign official
13 institutions -8,581 -22,928
Foreign-owned banks'
claims on:
14 Foreign banks -107,574 -18,740
Foreign nonbanks and
foreign official
15 institutions -10,272 -2,501
Brokers' and dealers'
claims on:
16 Foreign banks -53,832 -24,697
Foreign nonbanks and
foreign official
17 institutions -20,506 -34,701
18 Denominated in foreign 107 -11,355
currencies
By instrument: (2)
19 Deposits and brokerage
balances -4,008 -1,925
20 Other claims (including
loans) 4,115 -9,430
21 Claims for customers' accounts -7,930 -86,944
22 Denominated in dollars 4,700 -84,030
By instrument: (2)
23 Commercial paper (5) 6,071 -6,462
24 Negotiable certificates
of deposit 19,591 -26,455
25 Other short-term
instruments (including
money market
instruments) (6) -5,400 -31,885
26 Deposits and brokerage
balances (including
sweep accounts) (7) -13,897 -18,893
27 Other claims -1,665 -335
28 Denominated in foreign
currencies -12,630 -2,914
By instrument: (2)
29 Deposits and brokerage
balances -16,053 -3,229
30 Other claims 3,423 315
Claims, total (line 1), by area:
31 Europe -177,034 -118,245
Of which:
32 United Kingdom -43,294 -69,231
33 Switzerland -57,821 -4,124
34 Canada -3,764 -23,832
35 Caribbean financial centers (8) -61,164 -50,223
36 Latin America, excluding
Caribbean financial centers -4,275 -5,968
37 Asia 19,484 -6,734
38 Of which: Japan 21,511 5,347
39 Africa 604 277
40 Other -3,994 -5,260
Memoranda:
1 International banking facilities'
(IBFs) own claims, denominated
in dollars (in lines 1-15 above) -94,936 12,964
By bank ownership: (4)
2 U.S. owned IBFs -22,137 559
3 Foreign-owned IBFs -72,799 12,405
Not seasonally adjusted
Line (Credits +; decrease in U.S. assets. 2007
Debits -; increase in U.S. assets.)
III IV
1 Claims reported by U.S. banks and
securities brokers, total
(table 1, line 54) -88,697 -115,926
2 Claims for own accounts -56,992 -121,047
3 Denominated in dollars -59,212 -103,536
By instrument: (2)
4 Resale agreements -49,384 43,358
Negotiable certificates of
5 deposit 3,328 123
Other short-term instruments
(including money market
6 instruments) -2,151 -4,443
Deposits and brokerage
7 balances 76,673 -48,583
Other claims (including
8 loans) -87,678 -93,991
By foreign borrower:
Claims on:
9 Foreign banks -61,176 -98,557
10 Foreign nonbanks,
excluding foreign
official institutions -7,729 18,058
11 Foreign official
institutions (3) 9,693 -23,037
By type of U.S. reporting
institution: (4)
U.S.-owned banks' claims on:
12 Foreign banks 17,264 -62,603
Foreign nonbanks and
foreign official
13 institutions -1,646 -2,038
Foreign-owned banks'
claims on:
14 Foreign banks -35,029 -65,474
Foreign nonbanks and
foreign official
15 institutions -9,048 -7,121
Brokers' and dealers'
claims on:
16 Foreign banks -43,411 29,520
Foreign nonbanks and
foreign official
17 institutions 12,658 4,180
18 Denominated in foreign 2,220 -17,511
currencies
By instrument: (2)
19 Deposits and brokerage
balances 1,039 -4,195
20 Other claims (including
loans) 1,181 -13,316
21 Claims for customers' accounts -31,705 5,121
22 Denominated in dollars -36,611 -2,198
By instrument: (2)
23 Commercial paper (5) 6,074 -3,955
24 Negotiable certificates
of deposit -19,720 25,289
25 Other short-term
instruments (including
money market
instruments) (6) 16,036 20,930
26 Deposits and brokerage
balances (including
sweep accounts) (7) -30,173 -53,762
27 Other claims -8,828 9,300
28 Denominated in foreign
currencies 4,906 7,319
By instrument: (2)
29 Deposits and brokerage
balances 7,184 1,788
30 Other claims -2,278 5,531
Claims, total (line 1), by area:
31 Europe -133,606 -34,853
Of which:
32 United Kingdom -108,692 21,106
33 Switzerland -5,067 -8,499
34 Canada -5,067 1,706
35 Caribbean financial centers (8) 21,649 -48,994
36 Latin America, excluding
Caribbean financial centers -15,405 -2,150
37 Asia 48,137 -19,738
38 Of which: Japan 26,965 8,249
39 Africa -390 -6,285
40 Other -4,015 -5,612
Memoranda:
1 International banking facilities'
(IBFs) own claims, denominated
in dollars (in lines 1-15 above) 28,542 -65,865
By bank ownership: (4)
2 U.S. owned IBFs 20,280 -37,395
3 Foreign-owned IBFs 8,262 -28,470
Not seasonally adjusted
Line (Credits +; decrease in U.S. assets. 2008
Debits -; increase in U.S. assets.)
I II (r)
1 Claims reported by U.S. banks and
securities brokers, total
(table 1, line 54) -221,316 213,859
2 Claims for own accounts -233,462 155,257
3 Denominated in dollars -216,959 141,715
By instrument: (2)
4 Resale agreements -51,199 75,324
Negotiable certificates of
5 deposit 3,730 -510
Other short-term instruments
(including money market
6 instruments) -515 3,028
Deposits and brokerage
7 balances -146,073 25,626
Other claims (including
8 loans) -22,902 38,247
By foreign borrower:
Claims on:
9 Foreign banks -178,277 100,517
10 Foreign nonbanks,
excluding foreign
official institutions -44,914 30,856
11 Foreign official
institutions (3) 6,232 10,342
By type of U.S. reporting
institution: (4)
U.S.-owned banks' claims on:
12 Foreign banks -82,007 49,616
Foreign nonbanks and
foreign official
13 institutions -26,249 5,904
Foreign-owned banks'
claims on:
14 Foreign banks -51,785 14,244
Foreign nonbanks and
foreign official
15 institutions -8,096 8,140
Brokers' and dealers'
claims on:
16 Foreign banks -44,485 36,657
Foreign nonbanks and
foreign official
17 institutions -4,337 27,154
18 Denominated in foreign -16,503 13,542
currencies
By instrument: (2)
19 Deposits and brokerage
balances -2,234 476
20 Other claims (including
loans) -14,269 13,066
21 Claims for customers' accounts 12,146 58,602
22 Denominated in dollars 22,656 57,409
By instrument: (2)
23 Commercial paper (5) -17,972 2,767
24 Negotiable certificates
of deposit -15,665 20,859
25 Other short-term
instruments (including
money market
instruments) (6) 31,695 -14,066
26 Deposits and brokerage
balances (including
sweep accounts) (7) 23,576 46,234
27 Other claims 1,022 1,615
28 Denominated in foreign
currencies -10,510 1,193
By instrument: (2)
29 Deposits and brokerage
balances -8,296 4,151
30 Other claims -2,214 -2,958
Claims, total (line 1), by area:
31 Europe -141,344 151,773
Of which:
32 United Kingdom -52,182 121,778
33 Switzerland 16,755 50,252
34 Canada -21,939 23,927
35 Caribbean financial centers (8) -50,355 41,305
36 Latin America, excluding
Caribbean financial centers -1,627 -11,233
37 Asia 1,051 11,731
38 Of which: Japan -11,483 3,764
39 Africa -7,985 -2,753
40 Other 883 -891
Memoranda:
1 International banking facilities'
(IBFs) own claims, denominated
in dollars (in lines 1-15 above) 35,645 119,845
By bank ownership: (4)
2 U.S. owned IBFs -13,157 63,344
3 Foreign-owned IBFs 48,802 56,501
Not
seasonally
adjusted
Amounts
Line (Credits +; decrease in U.S. assets. 2008 outstanding
Debits -; increase in U.S. assets.) Sept. 30,
III (p) 2008
1 Claims reported by U.S. banks and
securities brokers, total
(table 1, line 54) 151,994 3,669,174
2 Claims for own accounts 91,760 2,926,602
3 Denominated in dollars 71,619 2,784,094
By instrument: (2)
4 Resale agreements -6,598 748,798
Negotiable certificates of
5 deposit 354 2,256
Other short-term instruments
(including money market
6 instruments) -302 40,075
Deposits and brokerage
7 balances 101,273 991,605
Other claims (including
8 loans) -23,108 1,001,360
By foreign borrower:
Claims on:
9 Foreign banks 11,361 2,136,530
10 Foreign nonbanks,
excluding foreign
official institutions 40,591 565,392
11 Foreign official
institutions (3) 19,667 82,172
By type of U.S. reporting
institution: (4)
U.S.-owned banks' claims on:
12 Foreign banks -12,351 581,615
Foreign nonbanks and
foreign official
13 institutions 3,835 154,348
Foreign-owned banks'
claims on:
14 Foreign banks 89,177 1,202,259
Foreign nonbanks and
foreign official
15 institutions -779 111,271
Brokers' and dealers'
claims on:
16 Foreign banks -65,465 352,656
Foreign nonbanks and
foreign official
17 institutions 57,202 381,945
18 Denominated in foreign 20,141 142,508
currencies
By instrument: (2)
19 Deposits and brokerage
balances 6,980 65,882
20 Other claims (including
loans) 13,161 76,626
21 Claims for customers' accounts 60,234 742,572
22 Denominated in dollars 50,892 670,177
By instrument: (2)
23 Commercial paper (5) 24,005 121,920
24 Negotiable certificates
of deposit 1,324 171,364
25 Other short-term
instruments (including
money market
instruments) (6) -5,330 52,917
26 Deposits and brokerage
balances (including
sweep accounts) (7) 31,292 308,280
27 Other claims -399 15,696
28 Denominated in foreign
currencies 9,342 72,395
By instrument: (2)
29 Deposits and brokerage
balances 9,888 40,992
30 Other claims -546 31,403
Claims, total (line 1), by area:
31 Europe 34,984 2,015,172
Of which:
32 United Kingdom -65,207 1,140,837
33 Switzerland 16,700 116,776
34 Canada -11,293 152,626
35 Caribbean financial centers (8) 82,706 1,188,317
36 Latin America, excluding
Caribbean financial centers 3,375 99,574
37 Asia 22,447 150,634
38 Of which: Japan 9,697 80,539
39 Africa 13,934 5,368
40 Other 5,841 57,483
Memoranda:
1 International banking facilities'
(IBFs) own claims, denominated
in dollars (in lines 1-15 above) -4,630 493,342
By bank ownership: (4)
2 U.S. owned IBFs -13,063 65,898
3 Foreign-owned IBFs 8,433 427,444
See the footnotes on pages 60-61.
Table 11. Liabilities to Foreigners, Except Foreign Official
Agencies, Reported by U.S. Banks and Securities Brokers (1)
[Millions of dollars]
Line (Credits +; increase in U.S.
liabilities. 2007
Debits -; decrease in U.S.
liabilities.)
1 Liabilities reported by U.S. banks
and securities brokers, total
(table 1, part of line 65 and
table 1, line 69) 561,680
2 U.S. Treasury bills and
certificates (table 1, part
of line 65) 28,867
3 Other U.S. liabilities, total
(table 1, line 69) 532,813
4 Liabilities for own accounts 443,997
5 Denominated in dollars 370,401
By instrument: (2)
6 Repurchase agreements 29,981
7 Deposits and brokerage
balances 227,005
8 Other liabilities
(including loans) 113,415
By foreign holder:
Liabilities to:
9 Foreign banks 270,328
10 Foreign nonbanks,
including
international 100,073
organizations
By type of U.S. reporting
institution: (3)
U.S.-owned banks'
liabilities to:
11 Foreign banks 184,778
Foreign nonbanks,
including
international
12 organizations 5,859
Foreign-owned banks'
liabilities to:
13 Foreign banks 58,344
Foreign nonbanks,
including
international
14 organizations 23,739
Brokers' and dealers'
liabilities to:
15 Foreign banks 27,206
Foreign nonbanks,
including
international
16 organizations 70,475
17 Denominated in foreign
currencies 73,596
By instrument: (2)
18 Deposits and brokerage
balances 16,037
19 Other liabilities
(including loans) 57,559
20 Liabilities for customers' 88,816
accounts
21 Denominated in dollars 89,750
By instrument: (2)
22 Negotiable certificates
of deposit and other
short-term instruments 46,017
23 Other liabilities
(including loans) 43,733
24 Denominated in foreign
currencies -934
Other U.S. liabilities, total
(line 3), by area:
25 Europe 199,872
26 Canada 12,762
27 Caribbean financial centers (4) 231,839
28 Latin America, excluding
Caribbean financial centers 10,058
29 Asia 68,490
30 Africa 7,705
31 Other 2,087
Memoranda:
1 International banking facilities'
(IBFs) own liabilities,
denominated in dollars 104,067
(in lines 3-14 above)
By bank ownership: (3)
2 U.S.-owned IBFs 56,968
3 Foreign-owned IBFs 47,099
Not seasonally adjusted
Line (Credits +; increase in U.S.
liabilities. 2007
Debits -; decrease in U.S.
liabilities.) I II
1 Liabilities reported by U.S. banks
and securities brokers, total
(table 1, part of line 65 and
table 1, line 69) 209,602 137,083
2 U.S. Treasury bills and
certificates (table 1, part
of line 65) 4,470 -12,686
3 Other U.S. liabilities, total
(table 1, line 69) 205,132 149,769
4 Liabilities for own accounts 172,822 137,330
5 Denominated in dollars 168,304 113,168
By instrument: (2)
6 Repurchase agreements 125,520 19,136
7 Deposits and brokerage
balances 32,518 55,052
8 Other liabilities
(including loans) 10,266 38,980
By foreign holder:
Liabilities to:
9 Foreign banks 96,035 76,608
10 Foreign nonbanks,
including
international 72,269 36,560
organizations
By type of U.S. reporting
institution: (3)
U.S.-owned banks'
liabilities to:
11 Foreign banks 2,347 37,075
Foreign nonbanks,
including
international
12 organizations -3,552 4,071
Foreign-owned banks'
liabilities to:
13 Foreign banks 4,417 33,434
Foreign nonbanks,
including
international
14 organizations 6,823 9,180
Brokers' and dealers'
liabilities to:
15 Foreign banks 89,271 6,099
Foreign nonbanks,
including
international
16 organizations 68,998 23,309
17 Denominated in foreign
currencies 4,518 24,162
By instrument: (2)
18 Deposits and brokerage
balances 532 5,664
19 Other liabilities
(including loans) 3,986 18,498
20 Liabilities for customers' 32,310 12,439
accounts
21 Denominated in dollars 30,812 1,360
By instrument: (2)
22 Negotiable certificates
of deposit and other
short-term instruments 13,056 15,761
23 Other liabilities
(including loans) 17,756 -14,401
24 Denominated in foreign
currencies 1,498 11,079
Other U.S. liabilities, total
(line 3), by area:
25 Europe 201,893 48,569
26 Canada 3,208 8,740
27 Caribbean financial centers (4) 4,534 59,366
28 Latin America, excluding
Caribbean financial centers 1,112 2,780
29 Asia -5,534 26,939
30 Africa 3 1,375
31 Other -84 2,000
Memoranda:
1 International banking facilities'
(IBFs) own liabilities,
denominated in dollars 16,024 20,005
(in lines 3-14 above)
By bank ownership: (3)
2 U.S.-owned IBFs 17,925 2,406
3 Foreign-owned IBFs -1,901 17,599
Not seasonally adjusted
Line (Credits +; increase in U.S.
liabilities. 2007
Debits -; decrease in U.S.
liabilities.) III IV
1 Liabilities reported by U.S. banks
and securities brokers, total
(table 1, part of line 65 and
table 1, line 69) 69,416 145,579
2 U.S. Treasury bills and
certificates (table 1, part
of line 65) 15,491 21,592
3 Other U.S. liabilities, total
(table 1, line 69) 53,925 123,987
4 Liabilities for own accounts 32,113 101,732
5 Denominated in dollars 28,823 60,106
By instrument: (2)
6 Repurchase agreements -65,729 -48,946
7 Deposits and brokerage
balances 62,272 77,163
8 Other liabilities
(including loans) 32,280 31,889
By foreign holder:
Liabilities to:
9 Foreign banks 46,890 50,795
10 Foreign nonbanks,
including
international -18,067 9,311
organizations
By type of U.S. reporting
institution: (3)
U.S.-owned banks'
liabilities to:
11 Foreign banks 31,822 113,534
Foreign nonbanks,
including
international
12 organizations -9,991 15,331
Foreign-owned banks'
liabilities to:
13 Foreign banks 46,585 -26,092
Foreign nonbanks,
including
international
14 organizations -1,952 9,688
Brokers' and dealers'
liabilities to:
15 Foreign banks -31,517 -36,647
Foreign nonbanks,
including
international
16 organizations -6,124 -15,708
17 Denominated in foreign
currencies 3,290 41,626
By instrument: (2)
18 Deposits and brokerage
balances -3,939 13,780
19 Other liabilities
(including loans) 7,229 27,846
20 Liabilities for customers' 21,812 22,255
accounts
21 Denominated in dollars 36,035 21,543
By instrument: (2)
22 Negotiable certificates
of deposit and other
short-term instruments 13,276 3,924
23 Other liabilities
(including loans) 22,759 17,619
24 Denominated in foreign
currencies -14,223 712
Other U.S. liabilities, total
(line 3), by area:
25 Europe -63,012 32,422
26 Canada 8,424 -7,610
27 Caribbean financial centers (4) 96,129 71,810
28 Latin America, excluding
Caribbean financial centers -447 6,613
29 Asia 34,460 12,625
30 Africa -1,310 7,637
31 Other -319 490
Memoranda:
1 International banking facilities'
(IBFs) own liabilities,
denominated in dollars 37,911 30,127
(in lines 3-14 above)
By bank ownership: (3)
2 U.S.-owned IBFs -2,057 38,694
3 Foreign-owned IBFs 39,968 -8,567
Not seasonally adjusted
Line (Credits +; increase in U.S.
liabilities. 2008
Debits -; decrease in U.S.
liabilities.) I II (r)
1 Liabilities reported by U.S. banks
and securities brokers, total
(table 1, part of line 65 and
table 1, line 69) 126,948 -260,108
2 U.S. Treasury bills and
certificates (table 1, part
of line 65) 47,860 -3,492
3 Other U.S. liabilities, total
(table 1, line 69) 79,088 -256,616
4 Liabilities for own accounts 43,964 -247,301
5 Denominated in dollars 46,858 -237,273
By instrument: (2)
6 Repurchase agreements 10,774 -119,965
7 Deposits and brokerage
balances 25,430 -95,866
8 Other liabilities
(including loans) 10,654 -21,442
By foreign holder:
Liabilities to:
9 Foreign banks -28,173 -172,000
10 Foreign nonbanks,
including
international 75,031 -65,273
organizations
By type of U.S. reporting
institution: (3)
U.S.-owned banks'
liabilities to:
11 Foreign banks 22,179 -40,837
Foreign nonbanks,
including
international
12 organizations 21,334 6,760
Foreign-owned banks'
liabilities to:
13 Foreign banks -16,719 -61,100
Foreign nonbanks,
including
international
14 organizations -5,599 -3,521
Brokers' and dealers'
liabilities to:
15 Foreign banks -33,633 -70,063
Foreign nonbanks,
including
international
16 organizations 59,296 -68,512
17 Denominated in foreign
currencies -2,894 -10,028
By instrument: (2)
18 Deposits and brokerage
balances -6,326 -9,298
19 Other liabilities
(including loans) 3,432 -730
20 Liabilities for customers' 35,124 -9,315
accounts
21 Denominated in dollars 32,222 -6,875
By instrument: (2)
22 Negotiable certificates
of deposit and other
short-term instruments 33,946 -3,083
23 Other liabilities
(including loans) -1,724 -3,792
24 Denominated in foreign
currencies 2,902 -2,440
Other U.S. liabilities, total
(line 3), by area:
25 Europe 61,870 -213,127
26 Canada 12,021 2,522
27 Caribbean financial centers (4) 5,040 -71,799
28 Latin America, excluding
Caribbean financial centers 1,006 -2,392
29 Asia -12,303 20,397
30 Africa 5,806 4,540
31 Other 5,648 3,243
Memoranda:
1 International banking facilities'
(IBFs) own liabilities,
denominated in dollars 14,429 -27,628
(in lines 3-14 above)
By bank ownership: (3)
2 U.S.-owned IBFs 34,901 -25,607
3 Foreign-owned IBFs -20,472 -2,021
Not
seasonally
adjusted Amounts
Line (Credits +; increase in U.S. outstanding
liabilities. 2008 Sept. 30,
Debits -; decrease in U.S. 2008
liabilities.) III (p)
1 Liabilities reported by U.S. banks
and securities brokers, total
(table 1, part of line 65 and
table 1, line 69) -72,486 3,838,301
2 U.S. Treasury bills and
certificates (table 1, part
of line 65) 75,388 225,122
3 Other U.S. liabilities, total
(table 1, line 69) -147,874 3,613,179
4 Liabilities for own accounts -76,907 3,024,717
5 Denominated in dollars -64,779 2,798,858
By instrument: (2)
6 Repurchase agreements -95,551 747,219
7 Deposits and brokerage
balances -16,792 1,401,460
8 Other liabilities
(including loans) 47,564 650,179
By foreign holder:
Liabilities to:
9 Foreign banks 44,280 1,970,726
10 Foreign nonbanks,
including
international -109,059 828,132
organizations
By type of U.S. reporting
institution: (3)
U.S.-owned banks'
liabilities to:
11 Foreign banks 12,240 870,040
Foreign nonbanks,
including
international
12 organizations -10,473 142,085
Foreign-owned banks'
liabilities to:
13 Foreign banks 7,288 705,194
Foreign nonbanks,
including
international
14 organizations 17,090 111,000
Brokers' and dealers'
liabilities to:
15 Foreign banks 24,752 395,492
Foreign nonbanks,
including
international
16 organizations -115,676 575,047
17 Denominated in foreign
currencies -12,128 225,859
By instrument: (2)
18 Deposits and brokerage
balances -5,565 95,247
19 Other liabilities
(including loans) -6,563 130,612
20 Liabilities for customers' -70,967 588,462
accounts
21 Denominated in dollars -65,227 576,775
By instrument: (2)
22 Negotiable certificates
of deposit and other
short-term instruments -37,938 289,903
23 Other liabilities
(including loans) -27,289 286,872
24 Denominated in foreign
currencies -5,740 11,687
Other U.S. liabilities, total
(line 3), by area:
25 Europe -102,541 1,345,362
26 Canada -5,817 66,881
27 Caribbean financial centers (4) -53,377 1,746,882
28 Latin America, excluding
Caribbean financial centers -4,365 109,651
29 Asia 37,116 307,145
30 Africa -16,557 9,969
31 Other -2,333 27,289
Memoranda:
1 International banking facilities'
(IBFs) own liabilities,
denominated in dollars 2,755 471,569
(in lines 3-14 above)
By bank ownership: (3)
2 U.S.-owned IBFs -25,326 162,301
3 Foreign-owned IBFs 28,081 309,268
See the footnotes on pages 60-61.