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Table 4. 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 Line assets. Debits -; increase in 2004 2005 2006 U.S. assets or decrease in foreign assets.) A1 U.S. official reserve assets, net (table 1, line 41) 2,805 14,096 2,374 2 Gold (fade 1, line 42) 0 0 0 3 Special drawing rights (fade 1, line 43) -398 4,511 -223 4 Reserve position in the International Monetary Fund (table 1, line 44) 3,826 10,200 3,331 5 Foreign currencies (table 1, line 45) -623 -615 -734 B1 Foreign official assets in the United States, net (table 1, line 56) 397,755 259,268 440,264 By instrument: 2 U.S. Treasury securities (table 1, line 58) 273,279 112,841 189,181 3 Bills and certificates 17,440 -43,336 -25,031 4 Bonds and notes, marketable 256,821 156,859 214,133 5 Bonds and notes, nonmarketable -982 -682 79 6 Other U.S. Government securities (table 1, line 59) 41,662 100,493 191,553 7 Other U.S. Government liabilities (table 1, line 60) -134 -421 3,133 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 69,245 26,260 22,040 9 Banks' liabilities for own account (1) 27,779 25,468 41,830 10 Repurchase agreements 23,910 5,505 22,903 11 Deposits and brokerage balances (2) 2,405 18,813 14,745 12 Other liabilities 1,464 1,150 4,182 13 Banks' customers' liabilities (1) 41,466 792 -19,790 14 Negotiable certificates of deposit and other short-term instruments 42,209 1,373 -18,767 15 Other liabilities -743 -581 -1,023 16 Other foreign official assets (table 1, line 62) 13,703 20,095 34,357 By area: 17 Europe 44,189 24,948 88,407 18 Canada 1,669 293 -965 19 Latin America and Caribbean 24,517 5,667 36,764 20 Asia 316,984 225,630 311,178 21 Africa 1,174 5,528 -1,851 22 Other 9,222 -2,798 6,731 (Credits +; decrease in U.S. Not seasonally adjusted assets or increase in foreign Line assets. Debits -; increase in 2005 U.S. assets or decrease in foreign assets.) I II III A1 U.S. official reserve assets, net (table 1, line 41) 5,331 -797 4,766 2 Gold (fade 1, line 42) 0 0 0 3 Special drawing rights (fade 1, line 43) 1,713 -97 2,976 4 Reserve position in the International Monetary Fund (table 1, line 44) 3,763 -564 1,951 5 Foreign currencies (table 1, line 45) -145 -136 -161 B1 Foreign official assets in the United States, net (table 1, line 56) 25,052 81,292 54,736 By instrument: 2 U.S. Treasury securities (table 1, line 58) 15,999 23,768 19,412 3 Bills and certificates -9,354 -30,933 -9,543 4 Bonds and notes, marketable 25,322 55,451 28,937 5 Bonds and notes, nonmarketable 31 -750 18 6 Other U.S. Government securities (table 1, line 59) 22,941 18,905 25,993 7 Other U.S. Government liabilities (table 1, line 60) -698 120 440 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) -15,814 34,219 1,994 9 Banks' liabilities for own account (1) 1,223 15,569 8,471 10 Repurchase agreements -2,904 6,883 7,383 11 Deposits and brokerage balances (2) 6,305 6,824 -32 12 Other liabilities -2,178 1,862 1,120 13 Banks' customers' liabilities (1) -17,037 18,650 -6,477 14 Negotiable certificates of deposit and other short-term instruments -15,702 14,483 -2,926 15 Other liabilities -1,335 4,167 -3,551 16 Other foreign official assets (table 1, line 62) 2,624 4,280 6,897 By area: 17 Europe -8,053 15,166 2,310 18 Canada -665 442 34 19 Latin America and Caribbean -728 1,461 -1,789 20 Asia 33,149 56,369 65,952 21 Africa 2,732 927 -3,195 22 Other -1,383 6,927 -8,576 (Credits +; decrease in U.S. Not seasonally adjusted assets or increase in foreign Line assets. Debits -; increase in 2005 2006 U.S. assets or decrease in foreign assets.) IV I II A1 U.S. official reserve assets, net (table 1, line 41) 4,796 513 -560 2 Gold (fade 1, line 42) 0 0 0 3 Special drawing rights (fade 1, line 43) -81 -67 -51 4 Reserve position in the International Monetary Fund (table 1, line 44) 5,050 729 -351 5 Foreign currencies (table 1, line 45) -173 -149 -158 B1 Foreign official assets in the United States, net (table 1, line 56) 96,188 125,257 120,861 By instrument: 2 U.S. Treasury securities (table 1, line 58) 53,662 65,124 24,262 3 Bills and certificates 6,494 13,270 -27,462 4 Bonds and notes, marketable 47,149 51,835 51,705 5 Bonds and notes, nonmarketable 19 19 19 6 Other U.S. Government securities (table 1, line 59) 32,654 47,214 41,364 7 Other U.S. Government liabilities (table 1, line 60) -283 26 824 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 5,861 2,394 42,533 9 Banks' liabilities for own account (1) 205 25,839 20,086 10 Repurchase agreements -5,857 24,477 17,118 11 Deposits and brokerage balances (2) 5,716 583 5,673 12 Other liabilities 346 779 -2,705 13 Banks' customers' liabilities (1) 5,656 -23,445 22,447 14 Negotiable certificates of deposit and other short-term instruments 5,518 -22,321 22,405 15 Other liabilities 138 -1,124 42 16 Other foreign official assets (table 1, line 62) 6,294 10,499 11,878 By area: 17 Europe 15,525 39,306 12,237 18 Canada 482 229 -417 19 Latin America and Caribbean 6,723 8,192 12,216 20 Asia 70,160 75,754 89,860 21 Africa 5,064 -1,443 2,737 22 Other 234 3,219 4,228 (Credits +; decrease in U.S. Not seasonally adjusted assets or increase in foreign Line assets. Debits -; increase in 2006 2007 U.S. assets or decrease in foreign assets.) III IV I (p) A1 U.S. official reserve assets, net (table 1, line 41) 1,006 1,415 -72 2 Gold (fade 1, line 42) 0 0 0 3 Special drawing rights (fade 1, line 43) -54 -51 -43 4 Reserve position in the International Monetary Fund (table 1, line 44) 1,275 1,678 212 5 Foreign currencies (table 1, line 45) -215 -212 -241 B1 Foreign official assets in the United States, net (table 1, line 56) 108,799 85,347 147,834 By instrument: 2 U.S. Treasury securities (table 1, line 58) 52,746 47,049 40,197 3 Bills and certificates -8,224 -2,615 22,099 4 Bonds and notes, marketable 60,950 49,643 18,078 5 Bonds and notes, nonmarketable 20 21 20 6 Other U.S. Government securities (table 1, line 59) 55,226 47,749 66,056 7 Other U.S. Government liabilities (table 1, line 60) 1,154 1,129 467 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) -7,221 -15,666 29,445 9 Banks' liabilities for own account (1) 4,839 -8,934 29,447 10 Repurchase agreements -8,539 -10,153 34,046 11 Deposits and brokerage balances (2) 8,513 -24 939 12 Other liabilities 4,865 1,243 -5,538 13 Banks' customers' liabilities (1) -12,060 -6,732 -2 14 Negotiable certificates of deposit and other short-term instruments -12,306 4,545 80 15 Other liabilities 246 -187 -82 16 Other foreign official assets (table 1, line 62) 6,894 5,086 11,669 By area: 17 Europe 7,241 29,623 16,447 18 Canada -422 -355 639 19 Latin America and Caribbean 9,021 7,335 21,291 20 Asia 97,213 48,351 105,462 21 Africa 176 -3,321 1,890 22 Other -4,430 3,714 2,105 (Credits +; decrease in U.S. assets or increase in foreign Amounts Line assets. Debits -; increase in outstanding U.S. assets or decrease in March 31, foreign assets.) 2007 A1 U.S. official reserve assets, net (table 1, line 41) 228,280 2 Gold (fade 1, line 42) 173,047 3 Special drawing rights (fade 1, line 43) 8,948 4 Reserve position in the International Monetary Fund (table 1, line 44) 4,846 5 Foreign currencies (table 1, line 45) 41,439 B1 Foreign official assets in the United States, net (table 1, line 56) 2,925,148 By instrument: 2 U.S. Treasury securities (table 1, line 58) 1,565,809 3 Bills and certificates 198,931 4 Bonds and notes, marketable 1,365,831 5 Bonds and notes, nonmarketable 1,047 6 Other U.S. Government securities (table 1, line 59) 651,637 7 Other U.S. Government liabilities (table 1, line 60) 19,466 8 U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) 326,132 9 Banks' liabilities for own account (1) 220,261 10 Repurchase agreements 152,031 11 Deposits and brokerage balances (2) 61,110 12 Other liabilities 7,120 13 Banks' customers' liabilities (1) 105,871 14 Negotiable certificates of deposit and other short-term instruments 105,851 15 Other liabilities 20 16 Other foreign official assets (table 1, line 62) 362,104 By area: 17 Europe 499,779 18 Canada 8,115 19 Latin America and Caribbean 199,460 20 Asia 2,157,648 21 Africa 16,038 22 Other 44,108 See the footnotes on pages 108-109. Table 5. Selected U.S. Government Transactions [Millions of dollars] Line 2004 2005 2006 A1 U.S. Government grants and transactions increasing Government assets, total 27,298 35,443 31,836 By category 2 Grants, net 24,294 35,381 28,853 3 U.S. Government current grants, net (table 1, line 36, with sign reversed) 23,634 33,039 27,142 4 Financing military purchases (1) 6,634 9,642 2,787 5 Other grants 17,002 23,397 24,355 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 658 2,342 1,711 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 3,044 2,255 2,992 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 1,993 1,263 2,024 10 Credits repayable in U.S. dollars 1,051 989 968 11 Credits repayable in other than U.S. dollars 0 2 0 12 Other long-term assets 0 0 0 13 Foreign currency hokiings and short-term assets, net (table 1, line 49 with sign reversed) -38 -2,191 -9 14 Foreign currency holdings (excluding administrative cash holdings), net 1 2 0 Receipts from: 15 Sales of agricultural commodities 0 0 0 16 Interest 0 0 0 17 Repayments of principal 1 2 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 -29 -2,184 50 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 -11 -10 -59 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 1,993 1,264 2,024 28 Under Agricultural Trade Development and Assistance Act and related programs 1,140 1,468 1,384 29 Under Foreign Assistance Act and related programs 22,457 30,885 25,362 30 Under Export-Import Bank Act 273 446 1,690 31 Under Commodity Credit Corporation Charter Act 133 5 7 32 Under other grant and credit programs 1,313 1,383 1,427 33 Other foreign currency assets acquired (lines At 6, A17, and A19) 1 2 0 34 Less foreign currencies used by U.S. Government other than for grants or credits (line A22) 0 0 0 35 Other (incuding changes in administrative cash holdings), net -11 -10 -59 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 18,193 23,789 18,477 37 Expenditures on U.S. goods 7,632 11,064 4,305 38 Expenditures on U.S. services (4) 7,053 9,404 9,639 39 Financing of military sales contracts by U.S. Government (5) (line C6) 3,221 2,906 2,617 40 By long-term credits 124 239 439 41 By short-term credits (1) 0 0 0 42 By grants (1) 3,098 2,667 2,178 43 U.S. Government grants and credits to repay prior U.S. Government credits (1 4) 201 2,482 1,865 44 U.S. Government long- and short-term credits to repay prior U.S. private credits (6) and other assets 149 -16 62 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 63 2,051 11 47 Less foreign currencies used by U.S. Government other than for grants or credits (line A22) 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9,105 11,654 13,359 B1 Repayments on U.S. Government long-term assets, total (table 1, line 48) 4,716 5,604 8,329 2 Receipts of principal on U.S. Government credits 4,716 5,604 8,329 3 Under Agricultural Trade Development and Assistance Act and related programs 488 629 694 4 Under Foreign Assistance Act and related programs 2,309 1,273 1,759 5 Under Export-Import Bank Act 1,446 1,509 3,784 6 Under Commodity Credit Corporation Charter Act 390 1,918 1,849 7 Under other credit programs 83 275 244 8 Receipts on other long-term assets (*) (*) (*) C1 U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 60) -134 -421 3,133 2 Associated with military sales contracts (2) -133 -419 3,120 3 U.S. Government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 13,965 17,436 18,837 4 Less U.S. Government receipts from principal repayments 991 825 929 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 548 397 292 6 Plus financing of military sales contracts by U.S. Government (5) (line A39) 3,221 2,906 2,617 7 By long-term credits 124 239 439 8 By short-term credits (1) 0 0 0 9 By grants (1) 3,098 2,667 2,178 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5) 15,780 19,538 17,112 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 -2 -1 14 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 -1 -1 1 15 Other sales and miscellaneous operations -1 0 13 Not seasonally adjusted Line 2005 I II III A1 U.S. Government grants and transactions increasing Government assets, total 10,072 6,591 8,147 By category 2 Grants, net 11,581 5,994 7,691 3 U.S. Government current grants, net (table 1, line 36, with sign reversed) 9,403 5,893 7,653 4 Financing military purchases (1) 3,958 551 667 5 Other grants 5,445 5,342 6,986 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 2,178 101 39 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 519 708 518 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 363 355 294 10 Credits repayable in U.S. dollars 156 353 222 11 Credits repayable in other than U.S. dollars 0 0 2 12 Other long-term assets 0 0 0 13 Foreign currency hokiings and short-term assets, net (table 1, line 49 with sign reversed) -2,027 -111 -62 14 Foreign currency holdings (excluding administrative cash holdings), net 0 0 2 Receipts from: 15 Sales of agricultural commodities 0 0 0 16 Interest 0 0 0 17 Repayments of principal 0 0 2 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 -2,017 -86 -78 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 -10 -25 15 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 363 355 294 28 Under Agricultural Trade Development and Assistance Act and related programs 370 368 267 29 Under Foreign Assistance Act and related programs 8,927 5,457 7,046 30 Under Export-Import Bank Act 131 79 175 31 Under Commodity Credit Corporation Charter Act 2 4 5 32 Under other grant and credit programs 289 352 345 33 Other foreign currency assets acquired (lines At 6, A17, and A19) 0 0 2 34 Less foreign currencies used by U.S. Government other than for grants or credits (line A22) 0 0 0 35 Other (incuding changes in administrative cash holdings), net -10 -25 15 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 7,386 3,816 4,795 37 Expenditures on U.S. goods 4,075 856 1,310 38 Expenditures on U.S. services (4) 2,202 2,150 2,822 39 Financing of military sales contracts by U.S. Government (5) (line C6) 944 630 662 40 By long-term credits 47 87 0 41 By short-term credits (1) 0 0 0 42 By grants (1) 897 543 662 43 U.S. Government grants and credits to repay prior U.S. Government credits (1 4) 2,182 156 76 44 U.S. Government long- and short-term credits to repay prior U.S. private credits (6) and other assets 14 26 -63 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 2,031 1 11 47 Less foreign currencies used by U.S. Government other than for grants or credits (line A22) 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 2,686 2,775 3,352 B1 Repayments on U.S. Government long-term assets, total (table 1, line 48) 1,083 1,586 1,957 2 Receipts of principal on U.S. Government credits 1,083 1,586 1,957 3 Under Agricultural Trade Development and Assistance Act and related programs 54 140 168 4 Under Foreign Assistance Act and related programs 404 273 358 5 Under Export-Import Bank Act 445 362 383 6 Under Commodity Credit Corporation Charter Act 170 811 867 7 Under other credit programs 11 0 180 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) -698 120 440 2 Associated with military sales contracts (2) -692 121 433 3 U.S. Government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 3,749 4,450 5,369 4 Less U.S. Government receipts from principal repayments 268 179 168 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 298 0 100 6 Plus financing of military sales contracts by U.S. Government (5) (line A39) 944 630 662 7 By long-term credits 47 87 0 8 By short-term credits (1) 0 0 0 9 By grants (1) 897 543 662 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5) 4,819 4,780 5,330 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 -6 -1 7 13 Sales of nuclear material by Department of Energy/U.S. Enrichment Corporation (8) ... ... ... 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 15 Other sales and miscellaneous operations -6 -1 7 Not seasonally adjusted Line 2005 2006 IV I II A1 U.S. Government grants and transactions increasing Government assets, total 10,633 8,400 8,094 By category 2 Grants, net 10,115 6,891 7,713 3 U.S. Government current grants, net (table 1, line 36, with sign reversed) 10,090 5,671 7,226 4 Financing military purchases (1) 4,466 545 456 5 Other grants 5,625 5,126 6,770 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 24 1,220 487 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 509 1,517 376 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 252 1,302 162 10 Credits repayable in U.S. dollars 257 215 214 11 Credits repayable in other than U.S. dollars 0 0 0 12 Other long-term assets 0 0 0 13 Foreign currency hokiings and short-term assets, net (table 1, line 49 with sign reversed) 9 -8 6 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 -2 7 9 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 11 -16 -3 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 252 1,302 162 28 Under Agricultural Trade Development and Assistance Act and related programs 464 400 413 29 Under Foreign Assistance Act and related programs 9,455 5,223 6,727 30 Under Export-Import Bank Act 61 1,201 398 31 Under Commodity Credit Corporation Charter Act -6 3 2 32 Under other grant and credit programs 397 287 396 33 Other foreign currency assets acquired (lines At 6, A17, and A19) 0 0 0 34 Less foreign currencies used by U.S. Government other than for grants or credits (line A22) 0 0 0 35 Other (incuding changes in administrative cash holdings), net 11 -16 -3 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 7,791 4,835 4,734 37 Expenditures on U.S. goods 4,823 870 997 38 Expenditures on U.S. services (4) 2,230 2,074 2,663 39 Financing of military sales contracts by U.S. Government (5) (line C6) 670 582 557 40 By long-term credits 105 58 112 41 By short-term credits (1) 0 0 0 42 By grants (1) 565 524 445 43 U.S. Government grants and credits to repay prior U.S. Government credits (1 4) 68 1,302 508 44 U.S. Government long- and short-term credits to repay prior U.S. private credits (6) and other assets 8 10 10 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 9 3 1 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 2,842 3,565 3,361 B1 Repayments on U.S. Government long-term assets, total (table 1, line 48) 977 2,558 2,147 2 Receipts of principal on U.S. Government credits 977 2,558 2,147 3 Under Agricultural Trade Development and Assistance Act and related programs 267 145 148 4 Under Foreign Assistance Act and related programs 237 556 473 5 Under Export-Import Bank Act 318 1,791 1,451 6 Under Commodity Credit Corporation Charter Act 71 59 75 7 Under other credit programs 84 7 (*) 8 Receipts on other long-term assets (*) 0 0 C1 U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 60) -283 26 824 2 Associated with military sales contracts (2) -282 30 825 3 U.S. Government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 3,868 4,502 4,771 4 Less U.S. Government receipts from principal repayments 210 231 315 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 0 292 0 6 Plus financing of military sales contracts by U.S. Government (5) (line A39) 670 582 557 7 By long-term credits 105 58 112 8 By short-term credits (1) 0 0 0 9 By grants (1) 565 524 445 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5) 4,609 4,531 4,188 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 -1 -3 -1 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 Not seasonally adjusted Line 2006 2007 III IV I (p) A1 U.S. Government grants and transactions increasing Government assets, total 8,343 6,998 10,700 By category 2 Grants, net 7,743 6,505 10,102 3 U.S. Government current grants, net (table 1, line 36, with sign reversed) 7,741 6,504 10,101 4 Financing military purchases (1) 659 1,126 3,573 5 Other grants 7,082 5,377 6,529 6 Cash contributions received from coalition partners for Persian Gulf operations ... ... ... 7 Debt forgiveness (table 1, part of line 39, with sign reversed) 2 2 0 8 Credits and other long-term assets (table 1, line 47, with sign reversed) 592 507 529 9 Capital subscriptions and contributions to international financial institutions, excluding IMF 336 224 284 10 Credits repayable in U.S. dollars 256 284 245 11 Credits repayable in other than U.S. dollars 0 0 0 12 Other long-term assets 0 0 0 13 Foreign currency hokiings and short-term assets, net (table 1, line 49 with sign reversed) 8 -15 69 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 7 27 4 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 1 -42 65 By program 27 Capital subscriptions and contributions to international financial institutions, excluding IMF 336 224 284 28 Under Agricultural Trade Development and Assistance Act and related programs 301 270 306 29 Under Foreign Assistance Act and related programs 7,318 6,095 9,575 30 Under Export-Import Bank Act 51 41 18 31 Under Commodity Credit Corporation Charter Act 0 2 100 32 Under other grant and credit programs 336 409 353 33 Other foreign currency assets acquired (lines At 6, A17, and A19) 0 0 0 34 Less foreign currencies used by U.S. Government other than for grants or credits (line A22) 0 0 0 35 Other (incuding changes in administrative cash holdings), net 1 -42 65 By disposition (3) 36 Estimated transactions involving no direct dollar outflow from the United States 4,701 4,207 7,112 37 Expenditures on U.S. goods 1,092 1,347 3,943 38 Expenditures on U.S. services (4) 2,822 2,080 2,575 39 Financing of military sales contracts by U.S. Government (5) (line C6) 756 722 548 40 By long-term credits 103 166 51 41 By short-term credits (1) 0 0 0 42 By grants (1) 653 556 497 43 U.S. Government grants and credits to repay prior U.S. Government credits (1 4) 24 31 42 44 U.S. Government long- and short-term credits to repay prior U.S. private credits (6) and other assets 11 32 8 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 3 4 4 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 3,642 2,791 3,588 B1 Repayments on U.S. Government long-term assets, total (table 1, line 48) 2,170 1,454 1,064 2 Receipts of principal on U.S. Government credits 2,170 1,453 1,064 3 Under Agricultural Trade Development and Assistance Act and related programs 140 261 136 4 Under Foreign Assistance Act and related programs 364 365 503 5 Under Export-Import Bank Act 311 231 276 6 Under Commodity Credit Corporation Charter Act 1,118 597 148 7 Under other credit programs 237 (*) (*) 8 Receipts on other long-term assets 0 (*) 0 C1 U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 60) 1,154 1,129 467 2 Associated with military sales contracts (2) 1,145 1,120 457 3 U.S. Government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds (1) 4,682 4,881 5,151 4 Less U.S. Government receipts from principal repayments 192 191 303 5 Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States 0 0 497 6 Plus financing of military sales contracts by U.S. Government (5) (line A39) 756 722 548 7 By long-term credits 103 166 51 8 By short-term credits (1) 0 0 0 9 By grants (1) 653 556 497 10 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) (1 2) (table 1, line 5) 4,102 4,291 4,442 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 9 9 10 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 9 9 10 See the footnotes on pages 108-109. Table 6. Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services [Millions of dollars] Line (Credits +;debits -) (1) 2004 2005 2006 U.S. direct Investment abroad: 1 Income (table 1, line 14) 239,008 269,346 310,224 2 Earnings 232,598 263,178 304,476 3 Distributed earnings 66,938 283,580 84,382 4 Reinvested earnings 165,660 -20,401 220,093 5 Reinvested earnings without current-cost adjustment 144,541 -40,475 201,349 6 Current-cost adjustment 21,119 20,074 18,744 7 Interest 6,410 6,168 5,748 8 U.S. parents' receipts 9,174 9,673 9,908 9 U.S. parents' payments -2,765 -3,505 -4,159 10 Income without current-cost adjustment 217,889 249,272 291,480 11 Manufacturing 46,577 49,137 59,243 12 Wholesale trade 23,808 25,943 29,271 13 Finance (including depository institutions) and insurance 26,890 30,072 31,791 14 Holding companies, except bank holding companies 72,382 85,918 100,387 15 Other 48,232 58,202 70,788 16 Earnings without current- cost adjustment (line 2 less line 6) 211,479 243,104 285,732 17 Manufacturing 45,335 47,600 57,640 18 Wholesale trade 23,362 25,479 28,802 19 Finance (including depository institutions) and insurance 27,046 30,408 32,285 20 Holding companies, except bank holding companies 70,692 84,620 99,309 21 Other 45,045 54,998 67,696 22 Interest 6,410 6,168 5,748 23 Manufacturing 1,242 1,537 1,603 24 Wholesale trade 446 464 469 25 Finance (including depository institutions) and insurance (1) -155 -336 -493 26 Holding companies, except bank holding companies 1,690 1,298 1,078 27 Other 3,187 3,204 3,092 28 Capital (table 1, line 51) -279,086 7,662 -235,358 29 Equity capital -109,991 -43,443 -30,247 30 Increases in equity capital -160,746 -76,757 -76,234 31 Decreases in equity capital 50,754 33,315 45,987 32 Reinvested earnings (line 4 with sign reversed) -165,660 20,401 -220,093 33 Intercompany debt -3,435 30,704 14,983 34 U.S. parents' receivables -29,484 24,359 -6,368 35 U.S. parents' payables 26,049 6,345 21,351 36 Capital without current-cost adjustment -257,967 27,736 -216,614 37 Manufacturing -58,028 -36,638 -60,022 38 Wholesale trade -14,744 -15,518 -22,703 39 Finance (including depository institutions) and insurance -38,160 -11,577 -20,633 40 Holding companies, except bank holding companies -113,677 132,169 -73,929 41 Other -33,358 -40,701 -39,328 42 Equity capital -109,991 43,443 -30,247 43 Manufacturing -23,025 -19,030 -15,354 44 Wholesale trade -1,301 -1,172 -1,141 45 Finance (including depository institutions) and insurance -21,613 -7,218 -8,675 46 Holding companies, except bank holding companies -61,199 -4,309 -10,054 47 Other -2,853 -11,714 4,977 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -144,541 40,475 -201,349 49 Manufacturing -32,117 -13,460 -44,841 50 Wholesale trade -16,561 -11,280 -23,104 51 Finance (including depository institutions) and insurance -17,468 -10,853 -19,149 52 Holding companies, except bank holding companies -49,609 105,597 -72,194 53 Other -28,787 -29,529 -42,061 54 Intercompany debt 3,435 30,704 14,983 55 Manufacturing -2,887 4,148 174 56 Wholesale trade 3,119 3,066 1,542 57 Finance (including depository institutions) and insurance (2) 921 6,494 7,191 58 Holding companies, except bank holding companes -2,869 30,881 8,320 59 Other -1,719 543 -2,244 60 Royalties and license fees, net 34,554 36,703 37,079 61 U.S. parents' receipts (table 1, part of line 9) 37,174 39,758 39,340 62 U.S. parents' payments (table 1, part of line 26) -2,620 3,055 -2,260 63 Other private services, net 5,904 6,873 6,524 64 U.S. parents' receipts (table 1, part of line 10) 27,309 29,850 32,551 65 U.S. parents' payments (table 1, part of line 27) -21,405 -22,977 -26,026 Foreign direct investment in the United States: 66 Income (table 1, line 31) -99,600 -116,834 -136,010 67 Earnings -85,662 -102,108 -117,237 68 Distributed earnings -36,287 -54,382 -46,618 69 Reinvested earnings -49,375 -47,726 -70,620 70 Reinvested earnings without current-cost adjustment -39,389 -39,755 -65,434 71 Current-cost adjustment -9,986 -7,971 -5,186 72 Interest -13,938 -14,726 -18,773 73 U.S. affiliates' paymants -16,234 -16,388 -23,185 74 U.S. affiliates' receipts 2,296 3,662 4,412 75 Income without current-cost adjustment -89,614 -108,863 -130,824 76 Manufacturing -34,631 -47,934 -54,319 77 Wholesale trade -25,624 -26,965 -28,218 78 Finance (including depository institutions) and insurance -11,129 -9,529 -18,601 79 Other -18,230 -24,435 -29,686 80 Earnings without current- cost adjustment (line 67 less line 71) -75,676 -94,137 -112,051 81 Manufacturing -26,852 -39,869 -45,311 82 Wholesale trade -25,263 -26,523 -27,246 83 Finance (including depository institutions) and insurance -10,458 4,766 -17,196 84 Other -13,103 -18,980 -22,299 85 Interest -13,938 -14,726 -18,773 86 Manufacturing -7,779 -8,066 -9,009 87 Wholesale trade -361 -442 -972 88 Finance (including depository institutions) and insurance -671 -763 -1,405 89 Other 4,127 4,455 -7,388 90 Capital (table 1, line 64) 145,812 108,996 180,580 91 Equity capital.: 92,905 56,559 97,980 92 Increases in equity capital 125,900 89,007 126,225 93 Decreases in equity capital -32,994 -32,449 -28,245 94 Reinvested earnings (line 69 with sign reversed) 49,375 47,726 70,620 95 Intercompany debt 3,532 4,712 11,980 96 U.S. affiliates' payables 28,528 17,801 21,071 97 U.S. affiliates' receivables -24,996 -13,090 -9,091 98 Capital without current-cost adjustment 135,826 101,025 175,394 99 Manufacturing 21,005 52,911 65,804 100 Wholesale trade 26,613 15,673 21,011 101 Finance (including depository institutions) and insurance 49,503 16,740 46,367 102 Other 38,705 15,701 42,212 103 Equity capital 92,905 56,559 97,980 104 Manufacturing 15,530 20,923 45,264 105 Wholesale trade 6,249 3,039 7,228 106 Finance (including depository institutions) and insurance 41,064 20,237 28,988 107 Other 30,063 12,360 16,500 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 39,389 39,755 65,434 109 Manufacturing 20,524 17,715 24,992 110 Wholesale trade 4,985 8,009 13,239 111 Finance (including depository institutions) and insurance 4,779 696 9,479 112 Other 9,100 13,334 17,724 113 Intercompany debt 3,532 4,712 11,980 114 Manufacturing -15,049 14,273 4,452 115 Wholesale trade 15,379 4,625 544 116 Finance (including depository institutions) and insurance (2) 3,660 -4,193 7,900 117 Other 458 -9,993 7,988 118 Royalties and license fees, net -11,586 -13,195 -13,566 119 U.S. affiliates' payments (table 1, part of line 26) -15,261 -17,318 -18,703 120 U.S. affiliates' receipts (table 1, part of line 9) 3,675 4,123 5,137 121 Other private services, net 5,178 3,389 2,913 122 U.S. affiliates' payments (table 1, part of line 27) -12,457 -16,870 -22,175 123 U.S. affiliates' receipts (table 1, part of line 10) 17,634 20,259 25,088 Not seasonally adjusted Line (Credits +;debits -) (1) 2005 I II U.S. direct Investment abroad: 1 Income (table 1, line 14) 62,495 66,735 2 Earnings 60,947 65,212 3 Distributed earnings 28,018 36,934 4 Reinvested earnings 32,930 28,278 5 Reinvested earnings without current-cost adjustment 27,775 23,210 6 Current-cost adjustment 5,155 5,068 7 Interest 1,547 1,524 8 U.S. parents' receipts 2,377 2,358 9 U.S. parents' payments -830 -835 10 Income without current-cost adjustment 57,340 61,667 11 Manufacturing 11,073 13,370 12 Wholesale trade 5,811 6,761 13 Finance (including depository institutions) and insurance 7,514 7,654 14 Holding companies, except bank holding companies 20,450 20,573 15 Other 12,492 13,309 16 Earnings without current- cost adjustment (line 2 less line 6) 55,792 60,144 17 Manufacturing 10,736 12,984 18 Wholesale trade 5,699 6,646 19 Finance (including depository institutions) and insurance 7,647 7,726 20 Holding companies, except bank holding companies 19,997 20,287 21 Other 11,714 12,502 22 Interest 1,547 1,524 23 Manufacturing 337 386 24 Wholesale trade 113 115 25 Finance (including depository institutions) and insurance (1) -133 -72 26 Holding companies, except bank holding companies 453 286 27 Other 778 807 28 Capital (table 1, line 51) -27,721 -44,029 29 Equity capital -11,080 -12,891 30 Increases in equity capital -18,400 -17,727 31 Decreases in equity capital 7,320 4,837 32 Reinvested earnings (line 4 with sign reversed) -32,930 -28,278 33 Intercompany debt 16,289 -2,861 34 U.S. parents' receivables 8,337 1,236 35 U.S. parents' payables 7,952 -4,096 36 Capital without current-cost adjustment -22,566 -38,961 37 Manufacturing -14,170 -15,212 38 Wholesale trade -4,037 -3,877 39 Finance (including depository institutions) and insurance -551 -19,384 40 Holding companies, except bank holding companies 4,433 8,383 41 Other -8,242 -8,872 42 Equity capital -11,080 -12,891 43 Manufacturing -7,162 -6,673 44 Wholesale trade -599 -135 45 Finance (including depository institutions) and insurance -4,171 -1,023 46 Holding companies, except bank holding companies -233 -407 47 Other 1,085 -4,653 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -27,775 -23,210 49 Manufacturing -6,986 -8,666 50 Wholesale trade -3,911 -4,061 51 Finance (including depository institutions) and insurance -5,338 -4,966 52 Holding companies, except bank holding companies -2,577 -703 53 Other -8,962 -4,813 54 Intercompany debt 16,289 -2,861 55 Manufacturing -21 127 56 Wholesale trade 474 320 57 Finance (including depository institutions) and insurance (2) 8,958 -13,395 58 Holding companies, except bank holding companes 7,243 9,494 59 Other -364 593 60 Royalties and license fees, net 9,044 9,038 61 U.S. parents' receipts (table 1, part of line 9) 9,780 9,792 62 U.S. parents' payments (table 1, part of line 26) -736 -755 63 Other private services, net 1,783 1,447 64 U.S. parents' receipts (table 1, part of line 10) 7,183 7,081 65 U.S. parents' payments (table 1, part of line 27) -5,400 -5,634 Foreign direct investment in the United States: 66 Income (table 1, line 31) -27,769 -29,643 67 Earnings -24,553 -26,215 68 Distributed earnings -13,954 -3,939 69 Reinvested earnings -10,599 -22,276 70 Reinvested earnings without current-cost adjustment 4,355 -20,187 71 Current-cost adjustment -2,244 -2,089 72 Interest -3,216 -3,427 73 U.S. affiliates' paymants 4,029 -4,269 74 U.S. affiliates' receipts 814 841 75 Income without current-cost adjustment -25,525 -27,554 76 Manufacturing -10,454 -11,457 77 Wholesale trade 4,526 -6,324 78 Finance (including depository institutions) and insurance -4,763 -2,948 79 Other -3,781 -6,825 80 Earnings without current- cost adjustment (line 67 less line 71) -22,309 -24,126 81 Manufacturing -8,745 -9,631 82 Wholesale trade -6,444 -6,254 83 Finance (including depository institutions) and insurance -4,588 -2,763 84 Other -2,532 -5,479 85 Interest -3,216 -3,427 86 Manufacturing -1,709 -1,826 87 Wholesale trade -82 -70 88 Finance (including depository institutions) and insurance -175 -185 89 Other -1,250 -1,345 90 Capital (table 1, line 64) 34,630 -4,003 91 Equity capital.: 18,383 -254 92 Increases in equity capital 22,825 14,573 93 Decreases in equity capital -4,443 -14,827 94 Reinvested earnings (line 69 with sign reversed) 10,599 22,276 95 Intercompany debt 5,648 -26,025 96 U.S. affiliates' payables 2,952 -10,700 97 U.S. affiliates' receivables 2,696 -15,326 98 Capital without current-cost adjustment 32,386 -6,092 99 Manufacturing 9,730 2,436 100 Wholesale trade 186 3,636 101 Finance (including depository institutions) and insurance 11,583 2,515 102 Other 10,887 -14,679 103 Equity capital 18,383 -254 104 Manufacturing 3,247 3,888 105 Wholesale trade 32 1,129 106 Finance (including depository institutions) and insurance 6,328 2,620 107 Other 8,775 -7,890 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 8,355 20,187 109 Manufacturing 2,283 8,779 110 Wholesale trade 1,299 5,667 111 Finance (including depository institutions) and insurance 3,431 1,637 112 Other 1,341 4,104 113 Intercompany debt 5,648 -26,025 114 Manufacturing 4,200 -10,231 115 Wholesale trade -1,146 -3,159 116 Finance (including depository institutions) and insurance (2) 1,824 -1,742 117 Other 771 -10,894 118 Royalties and license fees, net -3,100 -3,089 119 U.S. affiliates' payments (table 1, part of line 26) -3,829 -3,947 120 U.S. affiliates' receipts (table 1, part of line 9) 730 858 121 Other private services, net 1,064 598 122 U.S. affiliates' payments (table 1, part of line 27) -3,455 -3,920 123 U.S. affiliates' receipts (table 1, part of line 10) 4,518 4,518 Not seasonally adjusted Line (Credits +;debits -) (1) 2005 III IV U.S. direct Investment abroad: 1 Income (table 1, line 14) 68,210 71,906 2 Earnings 66,625 70,395 3 Distributed earnings 87,639 130,989 4 Reinvested earnings -21,014 -60,595 5 Reinvested earnings without current-cost adjustment -25,987 -65,473 6 Current-cost adjustment 4,973 4,878 7 Interest 1,586 1,511 8 U.S. parents' receipts 2,454 2,484 9 U.S. parents' payments -869 -972 10 Income without current-cost adjustment 63,237 67,028 11 Manufacturing 12,615 12,079 12 Wholesale trade 5,942 7,428 13 Finance (including depository institutions) and insurance 7,390 7,514 14 Holding companies, except bank holding companies 21,628 23,267 15 Other 15,661 16,740 16 Earnings without current- cost adjustment (line 2 less line 6) 61,652 65,517 17 Manufacturing 12,199 11,681 18 Wholesale trade 5,842 7,293 19 Finance (including depository institutions) and insurance 7,444 7,591 20 Holding companies, except bank holding companies 21,325 23,012 21 Other 14,842 15,940 22 Interest 1,586 1,511 23 Manufacturing 417 398 24 Wholesale trade 100 136 25 Finance (including depository institutions) and insurance (1) -54 -78 26 Holding companies, except bank holding companies 303 255 27 Other 819 800 28 Capital (table 1, line 51) 20,584 58,828 29 Equity capital -2,546 -16,926 30 Increases in equity capital -12,250 -28,380 31 Decreases in equity capital 9,704 11,454 32 Reinvested earnings (line 4 with sign reversed) 21,014 60,595 33 Intercompany debt 2,116 15,159 34 U.S. parents' receivables 1,051 13,735 35 U.S. parents' payables 1,065 1,424 36 Capital without current-cost adjustment 25,557 63,706 37 Manufacturing -2,213 -5,043 38 Wholesale trade -7,244 -360 39 Finance (including depository institutions) and insurance -1,293 9,650 40 Holding companies, except bank holding companies 49,589 69,764 41 Other -13,282 -10,305 42 Equity capital -2,546 -16,926 43 Manufacturing -263 -4,931 44 Wholesale trade -68 -370 45 Finance (including depository institutions) and insurance -1,972 -53 46 Holding companies, except bank holding companies -340 -3,329 47 Other 98 -8,244 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) 25,987 65,473 49 Manufacturing -768 2,960 50 Wholesale trade -3,015 -292 51 Finance (including depository institutions) and insurance -3,700 3,151 52 Holding companies, except bank holding companies 44,050 64,827 53 Other -10,580 -5,174 54 Intercompany debt 2,116 15,159 55 Manufacturing -1,182 -3,073 56 Wholesale trade -4,162 302 57 Finance (including depository institutions) and insurance (2) 4,380 6,552 58 Holding companies, except bank holding companes 5,879 8,265 59 Other -2,800 3,113 60 Royalties and license fees, net 9,073 9,548 61 U.S. parents' receipts (table 1, part of line 9) 9,861 10,325 62 U.S. parents' payments (table 1, part of line 26) -788 -777 63 Other private services, net 1,397 2,246 64 U.S. parents' receipts (table 1, part of line 10) 7,033 8,552 65 U.S. parents' payments (table 1, part of line 27) -5,636 -6,306 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,341 -34,082 67 Earnings -21,573 -29,766 68 Distributed earnings -19,474 -17,015 69 Reinvested earnings -2,099 -12,751 70 Reinvested earnings without current-cost adjustment -186 -11,026 71 Current-cost adjustment -1,913 -1,725 72 Interest 4,767 -4,316 73 U.S. affiliates' paymants 4,664 -5,427 74 U.S. affiliates' receipts 896 1,111 75 Income without current-cost adjustment -23,428 -32,357 76 Manufacturing -12,721 -13,302 77 Wholesale trade -5,756 -8,359 78 Finance (including depository institutions) and insurance 1,163 -2,980 79 Other 4,113 -7,716 80 Earnings without current- cost adjustment (line 67 less line 71) -19,660 -28,041 81 Manufacturing -10,561 -10,932 82 Wholesale trade -5,691 -6,135 83 Finance (including depository institutions) and insurance 1,360 -2,775 84 Other -4,769 -6,200 85 Interest -3,767 -4,316 86 Manufacturing -2,161 -2,370 87 Wholesale trade -66 -224 88 Finance (including depository institutions) and insurance -197 -205 89 Other -1,344 -1,516 90 Capital (table 1, line 64) 43,666 34,703 91 Equity capital.: 19,363 19,067 92 Increases in equity capital 21,900 29,708 93 Decreases in equity capital -2,538 -10,641 94 Reinvested earnings (line 69 with sign reversed) 2,099 12,751 95 Intercompany debt 22,204 2,885 96 U.S. affiliates' payables 24,649 900 97 U.S. affiliates' receivables -2,445 1,985 98 Capital without current-cost adjustment 41,753 32,978 99 Manufacturing 19,846 20,898 100 Wholesale trade 6,868 4,983 101 Finance (including depository institutions) and insurance 2,188 454 102 Other 12,851 6,643 103 Equity capital 19,363 19,067 104 Manufacturing 6,897 6,891 105 Wholesale trade 1,006 872 106 Finance (including depository institutions) and insurance 5,274 6,016 107 Other 6,186 5,289 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 186 11,026 109 Manufacturing 843 5,809 110 Wholesale trade -2,326 3,369 111 Finance (including depository institutions) and insurance -2,130 -2,242 112 Other 3,799 4,090 113 Intercompany debt 22,204 2,885 114 Manufacturing 12,106 8,198 115 Wholesale trade 8,188 742 116 Finance (including depository institutions) and insurance (2) -955 -3,320 117 Other 2,865 -2,735 118 Royalties and license fees, net -3,796 -3,211 119 U.S. affiliates' payments (table 1, part of line 26) -4,534 -5,007 120 U.S. affiliates' receipts (table 1, part of line 9) 739 1,796 121 Other private services, net 610 1,117 122 U.S. affiliates' payments (table 1, part of line 27) -4,163 -5,332 123 U.S. affiliates' receipts (table 1, part of line 10) 4,773 6,449 Not seasonally adjusted Line (Credits +;debits -) (1) 2006 I II III U.S. direct Investment abroad: 1 Income (table 1, line 14) 72,512 79,156 77,783 2 Earnings 71,124 77,631 76,294 3 Distributed earnings 15,572 25,756 14,299 4 Reinvested earnings 55,553 51,876 61,995 5 Reinvested earnings without current-cost adjustment 50,786 47,179 57,344 6 Current-cost adjustment 4,767 4,697 4,651 7 Interest 1,387 1,525 1,489 8 U.S. parents' receipts 2,305 2,487 2,498 9 U.S. parents' payments -918 -963 -1,010 10 Income without current-cost adjustment 67,745 74,459 73,132 11 Manufacturing 13,100 15,533 15,341 12 Wholesale trade 6,319 7,995 6,609 13 Finance (including depository institutions) and insurance 8,206 7,927 6,166 14 Holding companies, except bank holding companies 24,025 24,615 25,235 15 Other 16,094 18,388 17,780 16 Earnings without current- cost adjustment (line 2 less line 6) 66,357 72,934 71,643 17 Manufacturing 12,740 15,121 14,903 18 Wholesale trade 6,205 7,857 6,503 19 Finance (including depository institutions) and insurance 8,287 8,022 8,275 20 Holding companies, except bank holding companies 23,732 24,310 24,969 21 Other 15,393 17,624 16,992 22 Interest 1,387 1,525 1,489 23 Manufacturing 360 412 437 24 Wholesale trade 114 138 106 25 Finance (including depository institutions) and insurance (1) -81 -95 -108 26 Holding companies, except bank holding companies 293 306 265 27 Other 701 764 788 28 Capital (table 1, line 51) -72,911 -53,386 -52,540 29 Equity capital -12,589 -2,916 -4,662 30 Increases in equity capital -17,337 -12,462 -15,082 31 Decreases in equity capital 4,748 9,546 10,421 32 Reinvested earnings (line 4 with sign reversed) -55,553 -51,876 -61,995 33 Intercompany debt -4,769 1,405 14,116 34 U.S. parents' receivables -9,870 -7,601 8,704 35 U.S. parents' payables 5,101 9,006 5,412 36 Capital without current-cost adjustment -68,144 -48,689 -47,889 37 Manufacturing -8,834 -11,633 -13,984 38 Wholesale trade -7,786 -3,003 -4,633 39 Finance (including depository institutions) and insurance -10,207 -14,146 1,876 40 Holding companies, except bank holding companies -27,996 -14,793 -17,362 41 Other -13,320 -5,115 -13,787 42 Equity capital -12,589 -2,916 -4,662 43 Manufacturing -255 19 -3,058 44 Wholesale trade 90 -263 57 45 Finance (including depository institutions) and insurance -4,947 -5,134 429 46 Holding companies, except bank holding companies -6,768 274 -2,090 47 Other -708 2,188 0 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -50,786 -47,179 -57,344 49 Manufacturing -9,191 -12,560 -11,893 50 Wholesale trade -5,296 -6,576 -5,552 51 Finance (including depository institutions) and insurance -5,161 -3,897 -6,013 52 Holding companies, except bank holding companies -20,018 -17,117 -20,094 53 Other -11,119 -7,029 -13,791 54 Intercompany debt -4,769 1,405 14,116 55 Manufacturing 612 908 967 56 Wholesale trade -2,580 3,837 862 57 Finance (including depository institutions) and insurance (2) -99 -5,114 7,460 58 Holding companies, except bank holding companes -1,210 2,050 4,822 59 Other -1,492 -275 4 60 Royalties and license fees, net 8,593 9,256 9,211 61 U.S. parents' receipts (table 1, part of line 9) 9,156 9,807 9,764 62 U.S. parents' payments (table 1, part of line 26) -563 -552 -553 63 Other private services, net 1,582 1,283 1,464 64 U.S. parents' receipts (table 1, part of line 10) 7,521 7,878 7,791 65 U.S. parents' payments (table 1, part of line 27) -5,938 -6,594 -6,327 Foreign direct investment in the United States: 66 Income (table 1, line 31) -31,021 -34,113 -38,318 67 Earnings -27,105 -29,944 -33,046 68 Distributed earnings -4,905 -5,911 -9,272 69 Reinvested earnings -22,200 -24,033 -23,774 70 Reinvested earnings without current-cost adjustment -20,736 -22,716 -22,551 71 Current-cost adjustment -1,464 -1,317 -1,223 72 Interest -3,917 -4,169 -5,272 73 U.S. affiliates' paymants -4,895 -5,312 -6,491 74 U.S. affiliates' receipts 978 1,144 1,220 75 Income without current-cost adjustment -29,557 -32,796 -37,095 76 Manufacturing -11,309 -12,980 -14,658 77 Wholesale trade -7,088 -6,918 -7,899 78 Finance (including depository institutions) and insurance -4,124 -5,940 -6,277 79 Other -7,037 -6,958 -8,260 80 Earnings without current- cost adjustment (line 67 less line 71) -25,641 -28,627 -31,823 81 Manufacturing -9,427 -11,207 -12,032 82 Wholesale trade -6,830 -6,671 -7,645 83 Finance (including depository institutions) and insurance -3,901 -5,556 -5,908 84 Other -5,483 -5,193 -6,239 85 Interest -3,917 -4,169 -5,272 86 Manufacturing -1,882 -1,772 -2,626 87 Wholesale trade -258 -247 -255 88 Finance (including depository institutions) and insurance -223 -385 369 89 Other -1,554 -1,765 -2,021 90 Capital (table 1, line 64) 42,913 50,438 45,089 91 Equity capital.: 26,715 21,170 13,539 92 Increases in equity capital 36,976 25,973 22,592 93 Decreases in equity capital -10,261 -4,803 -9,054 94 Reinvested earnings (line 69 with sign reversed) 22,200 24,033 23,774 95 Intercompany debt -6,002 5,235 7,776 96 U.S. affiliates' payables 4,974 21,784 10,661 97 U.S. affiliates' receivables -10,975 -16,549 -2,885 98 Capital without current-cost adjustment 41,449 49,121 43,866 99 Manufacturing 15,710 15,552 24,890 100 Wholesale trade 11,141 6,540 -426 101 Finance (including depository institutions) and insurance 15,535 10,043 9,789 102 Other -937 16,987 9,613 103 Equity capital 26,715 21,170 13,539 104 Manufacturing 11,392 9,591 3,777 105 Wholesale trade 6,433 1,303 -3,254 106 Finance (including depository institutions) and insurance 7,663 5,678 4,670 107 Other 1,227 4,597 8,346 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 20,736 22,716 22,551 109 Manufacturing 6,609 9,213 10,194 110 Wholesale trade 6,642 6,228 3,274 111 Finance (including depository institutions) and insurance 2,860 2,801 4,169 112 Other 4,625 4,474 4,915 113 Intercompany debt -6,002 5,235 7,776 114 Manufacturing -2,291 -3,252 10,919 115 Wholesale trade -1,934 -992 -446 116 Finance (including depository institutions) and insurance (2) 5,012 1,563 950 117 Other -6,788 7,916 -3,647 118 Royalties and license fees, net 3,123 -3,006 -2,953 119 U.S. affiliates' payments (table 1, part of line 26) -4,134 -4,262 -4,258 120 U.S. affiliates' receipts (table 1, part of line 9) 1,012 1,256 1,305 121 Other private services, net 23 947 592 122 U.S. affiliates' payments (table 1, part of line 27) -5,612 -5,240 -5,276 123 U.S. affiliates' receipts (table 1, part of line 10) 5,635 6,187 5,869 Not seasonally adjusted Line (Credits +;debits -) (1) 2006 2007 IV I (p) U.S. direct Investment abroad: 1 Income (table 1, line 14) 80,774 80,404 2 Earnings 79,426 79,017 3 Distributed earnings 28,756 15,024 4 Reinvested earnings 50,670 63,993 5 Reinvested earnings without current-cost adjustment 46,041 59,322 6 Current-cost adjustment 4,629 4,671 7 Interest 1,348 1,387 8 U.S. parents' receipts 2,617 2,527 9 U.S. parents' payments -1,269 -1,140 10 Income without current-cost adjustment 76,145 75,733 11 Manufacturing 15,269 16,437 12 Wholesale trade 8,347 7,496 13 Finance (including depository institutions) and insurance 7,492 8,050 14 Holding companies, except bank holding companies 26,511 25,847 15 Other 18,526 17,903 16 Earnings without current- cost adjustment (line 2 less line 6) 74,797 74,346 17 Manufacturing 14,876 16,044 18 Wholesale trade 8,237 7,396 19 Finance (including depository institutions) and insurance 7,700 8,190 20 Holding companies, except bank holding companies 26,297 25,595 21 Other 17,687 17,120 22 Interest 1,348 1,387 23 Manufacturing 393 393 24 Wholesale trade 111 99 25 Finance (including depository institutions) and insurance (1) -209 -140 26 Holding companies, except bank holding companies 214 252 27 Other 839 782 28 Capital (table 1, line 51) -56,521 -81,789 29 Equity capital -10,081 -26,637 30 Increases in equity capital -31,353 -30,614 31 Decreases in equity capital 21,272 3,978 32 Reinvested earnings (line 4 with sign reversed) -50,670 -63,993 33 Intercompany debt 4,230 8,840 34 U.S. parents' receivables 2,399 4,570 35 U.S. parents' payables 1,832 4,270 36 Capital without current-cost adjustment -51,892 -77,118 37 Manufacturing -25,571 -15,564 38 Wholesale trade -7,281 -6,116 39 Finance (including depository institutions) and insurance 1,845 -15,247 40 Holding companies, except bank holding companies -13,778 -27,255 41 Other -7,106 -12,937 42 Equity capital -10,081 -26,637 43 Manufacturing -12,060 -6,325 44 Wholesale trade -1,025 -506 45 Finance (including depository institutions) and insurance 978 -10,093 46 Holding companies, except bank holding companies -1,471 -4,963 47 Other 3,497 -4,750 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) 46,041 -59,322 49 Manufacturing -11,197 -13,378 50 Wholesale trade -5,679 -6,647 51 Finance (including depository institutions) and insurance -4,078 4,062 52 Holding companies, except bank holding companies -14,965 -21,437 53 Other -10,122 -13,796 54 Intercompany debt 4,230 8,840 55 Manufacturing -2,313 4,139 56 Wholesale trade -577 1,037 57 Finance (including depository institutions) and insurance (2) 4,945 -1,092 58 Holding companies, except bank holding companes 2,658 -855 59 Other -462 5,612 60 Royalties and license fees, net 10,019 9,003 61 U.S. parents' receipts (table 1, part of line 9) 10,613 9,618 62 U.S. parents' payments (table 1, part of line 26) -593 -615 63 Other private services, net 2,195 1,967 64 U.S. parents' receipts (table 1, part of line 10) 9,361 8,651 65 U.S. parents' payments (table 1, part of line 27) -7,167 -6,684 Foreign direct investment in the United States: 66 Income (table 1, line 31) -32,558 -29,808 67 Earnings -27,142 -24,678 68 Distributed earnings -26,529 -5,374 69 Reinvested earnings -612 -19,305 70 Reinvested earnings without current-cost adjustment 570 -18,022 71 Current-cost adjustment -1,182 -1,283 72 Interest -5,416 -5,130 73 U.S. affiliates' paymants -6,487 -6,190 74 U.S. affiliates' receipts 1,071 1,060 75 Income without current-cost adjustment -31,376 -28,525 76 Manufacturing -15,373 -14,441 77 Wholesale trade -6,312 3,272 78 Finance (including depository institutions) and insurance -2,259 -4,199 79 Other -7,432 -6,614 80 Earnings without current- cost adjustment (line 67 less line 71) -25,960 -23,395 81 Manufacturing -12,645 -11,623 82 Wholesale trade 3,100 -3,017 83 Finance (including depository institutions) and insurance -1,832 -3,771 84 Other -5,384 -4,985 85 Interest -5,416 -5,130 86 Manufacturing -2,728 -2,818 87 Wholesale trade -213 -255 88 Finance (including depository institutions) and insurance -428 -428 89 Other -2,048 -1,629 90 Capital (table 1, line 64) 42,139 24,217 91 Equity capital.: 36,556 24,089 92 Increases in equity capital 40,684 32,641 93 Decreases in equity capital -4,128 -8,553 94 Reinvested earnings (line 69 with sign reversed) 612 19,305 95 Intercompany debt 4,971 -19,176 96 U.S. affiliates' payables -16,347 4,197 97 U.S. affiliates' receivables 21,318 -23,373 98 Capital without current-cost adjustment 40,957 22,934 99 Manufacturing 9,652 15,748 100 Wholesale trade 3,756 6,600 101 Finance (including depository institutions) and insurance 11,000 -2,353 102 Other 16,549 2,940 103 Equity capital 36,556 24,089 104 Manufacturing 20,503 10,977 105 Wholesale trade 2,745 3,712 106 Finance (including depository institutions) and insurance 10,977 3,755 107 Other 2,331 5,645 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) -570 18,022 109 Manufacturing -1,023 9,164 110 Wholesale trade -2,905 2,913 111 Finance (including depository institutions) and insurance 352 2,016 112 Other 3,710 3,928 113 Intercompany debt 4,971 -19,176 114 Manufacturing -9,828 -4,393 115 Wholesale trade 3,916 -25 116 Finance (including depository institutions) and insurance (2) 375 -8,124 117 Other 10,508 -6,633 118 Royalties and license fees, net -4,484 -3,451 119 U.S. affiliates' payments (table 1, part of line 26) -6,049 -4,513 120 U.S. affiliates' receipts (table 1, part of line 9) 1,565 1,063 121 Other private services, net 1,350 80 122 U.S. affiliates' payments (table 1, part of line 27) -6,046 -5,918 123 U.S. affiliates' receipts (table 1, part of line 10) 7,397 5,998 Seasonally adjusted Line (Credits +;debits -) (1) 2005 I II III U.S. direct Investment abroad: 1 Income (table 1, line 14) 63,145 65,397 68,945 2 Earnings 61,598 63,873 67,360 3 Distributed earnings 32,667 38,362 94,254 4 Reinvested earnings 28,931 25,511 -26,894 5 Reinvested earnings without current-cost adjustment 23,776 20,443 -31,867 6 Current-cost adjustment 5,155 5,068 4,973 7 Interest 1,547 1,524 1,586 8 U.S. parents' receipts 2,377 2,358 2,454 9 U.S. parents' payments -830 -835 -869 10 Income without current-cost adjustment 57,990 60,329 63,972 11 Manufacturing 11,584 12,410 12,747 12 Wholesale trade 6,311 6,609 6,392 13 Finance (including depository institutions) and insurance 7,154 7,427 7,544 14 Holding companies, except bank holding companies 20,450 20,573 21,628 15 Other 12,492 13,309 15,661 16 Earnings without current- cost adjustment (line 2 less line 6) 56,443 58,805 62,387 17 Manufacturing 11,247 12,024 12,330 18 Wholesale trade 6,198 6,494 6,292 19 Finance (including depository institutions) and insurance 7,287 7,499 7,598 20 Holding companies, except bank holding companies 19,997 20,287 21,325 21 Other 11,714 12,502 14,842 22 Interest 1,547 1,524 1,586 23 Manufacturing 337 386 417 24 Wholesale trade 113 115 100 25 Finance (including depository institutions) and insurance (1) -133 -72 -54 26 Holding companies, except bank holding companies 453 286 303 27 Other 778 807 819 28 Capital (table 1, line 51) -23,722 -41,262 26,464 29 Equity capital -11,080 -12,891 -2,546 30 Increases in equity capital -18,400 -17,727 -12,250 31 Decreases in equity capital 7,320 4,837 9,704 32 Reinvested earnings (line 4 with sign reversed) -28,931 -25,511 26,894 33 Intercompany debt 16,289 -2,861 2,116 34 U.S. parents' receivables 8,337 1,236 1,051 35 U.S. parents' payables 7,952 -4,096 1,065 36 Capital without current-cost adjustment -18,567 -36,194 31,437 37 Manufacturing -14,000 -13,118 -1,664 38 Wholesale trade -3,918 -3,031 -6,661 39 Finance (including depository institutions) and insurance 661 -18,249 -356 40 Holding companies, except bank holding companies 5,696 8,569 51,251 41 Other -7,007 -10,367 -11,133 42 Equity capital -11,080 -12,891 -2,546 43 Manufacturing -7,162 -6,673 -263 44 Wholesale trade -599 -135 -68 45 Finance (including depository institutions) and insurance -4,171 -1,023 -1,972 46 Holding companies, except bank holding companies -233 -407 -340 47 Other 1,085 -4,653 98 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -23,776 -20,443 31,867 49 Manufacturing -6,816 -6,572 -219 50 Wholesale trade -3,793 -3,215 -2,431 51 Finance (including depository institutions) and insurance -4,126 -3,831 -2,764 52 Holding companies, except bank holding companies -1,313 -517 45,712 53 Other -7,728 -6,307 -8,431 54 Intercompany debt 16,289 -2,861 2,116 55 Manufacturing -21 127 -1,182 56 Wholesale trade 474 320 -4,162 57 Finance (including depository institutions) and insurance (2) 8,958 -13,395 4,380 58 Holding companies, except bank holding companes 7,243 9,494 5,879 59 Other -364 593 -2,800 60 Royalties and license fees, net 9,283 9,034 9,313 61 U.S. parents' receipts (table 1, part of line 9) 10,019 9,788 10,101 62 U.S. parents' payments (table 1, part of line 26) -736 -755 -788 63 Other private services, net 1,887 1,635 1,557 64 U.S. parents' receipts (table 1, part of line 10) 7,514 7,232 7,400 65 U.S. parents' payments (table 1, part of line 27) -5,627 -5,598 -5,843 Foreign direct investment in the United States: 66 Income (table 1, line 31) -28,033 -28,573 -24,925 67 Earnings -24,817 -25,145 -21,158 68 Distributed earnings -14,863 -4,910 -21,005 69 Reinvested earnings -9,954 -20,235 -153 70 Reinvested earnings without current-cost adjustment -7,710 -18,146 1,760 71 Current-cost adjustment -2,244 -2,089 -1,913 72 Interest 3,216 -3,427 -3,767 73 U.S. affiliates' paymants -4,029 -4,269 -4,664 74 U.S. affiliates' receipts 814 841 896 75 Income without current-cost adjustment -25,789 -26,484 -23,012 76 Manufacturing -10,702 -10,367 -12,269 77 Wholesale trade -6,526 -6,324 -5,756 78 Finance (including depository institutions) and insurance -4,780 -2,968 1,126 79 Other 3,781 -6,825 -6,113 80 Earnings without current- cost adjustment (line 67 less line 71) -22,573 -23,056 -19,245 81 Manufacturing -8,993 -8,541 -10,108 82 Wholesale trade -6,444 -6,254 -5,691 83 Finance (including depository institutions) and insurance -4,604 -2,782 1,323 84 Other -2,532 -5,479 -4,769 85 Interest 3,216 -3,427 -3,767 86 Manufacturing -1,709 -1,826 -2,161 87 Wholesale trade -82 -70 -66 88 Finance (including depository institutions) and insurance -175 -185 -197 89 Other -1,250 -1,345 -1,344 90 Capital (table 1, line 64) 33,985 -6,044 41,720 91 Equity capital.: 18,383 -254 19,363 92 Increases in equity capital 22,825 14,573 21,900 93 Decreases in equity capital -4,443 -14,827 -2,538 94 Reinvested earnings (line 69 with sign reversed) 9,954 20,235 153 95 Intercompany debt 5,648 -26,025 22,204 96 U.S. affiliates' payables 2,952 -10,700 24,649 97 U.S. affiliates' receivables 2,696 -15,326 -2,445 98 Capital without current-cost adjustment 31,741 -8,133 39,807 99 Manufacturing 9,978 1,347 19,394 100 Wholesale trade 186 3,636 6,868 101 Finance (including depository institutions) and insurance 10,843 1,994 1,009 102 Other 10,734 -15,110 12,536 103 Equity capital 18,383 -254 19,363 104 Manufacturing 3,247 3,888 6,897 105 Wholesale trade 32 1,129 1,006 106 Finance (including depository institutions) and insurance 6,328 2620 5,274 107 Other 8,775 -7,890 6,186 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 7,710 18,146 -1,760 109 Manufacturing 2,531 7,690 391 110 Wholesale trade 1,299 5667 -2,326 111 Finance (including depository institutions) and insurance 2,692 1,116 -3,309 112 Other 1,188 3,674 3,485 113 Intercompany debt 5,648 -26,025 22,204 114 Manufacturing 4,200 -10,231 12,106 115 Wholesale trade -1,146 3,159 8,188 116 Finance (including depository institutions) and insurance (2) 1,824 -1,742 -955 117 Other 771 -10,894 2,865 118 Royalties and license fees, net 3,155 -3,308 -3,599 119 U.S. affiliates' payments (table 1, part of line 26) -4,157 -4,298 -4,409 120 U.S. affiliates' receipts (table 1, part of line 9) 1,002 990 809 121 Other private services, net 1,375 765 888 122 U.S. affiliates' payments (table 1, part of line 27) -3,455 -3,920 -4,163 123 U.S. affiliates' receipts (table 1, part of line 10) 4,830 4,685 5,052 Seasonally adjusted Line (Credits +;debits -) (1) 2005 2006 IV I II U.S. direct Investment abroad: 1 Income (table 1, line 14) 71,859 73,304 77,702 2 Earnings 70,348 71,916 76,177 3 Distributed earnings 118,297 22,772 23,944 4 Reinvested earnings -47,949 49,144 52,233 5 Reinvested earnings without current-cost adjustment -52,827 44,377 47,536 6 Current-cost adjustment 4,878 4,767 4,697 7 Interest 1,511 1,387 1,525 8 U.S. parents' receipts 2,484 2,305 2,487 9 U.S. parents' payments -972 -918 -963 10 Income without current-cost adjustment 66,981 68,537 73,005 11 Manufacturing 12,397 13,690 14,381 12 Wholesale trade 6,631 6,871 7,831 13 Finance (including depository institutions) and insurance 7,946 7,857 7,790 14 Holding companies, except bank holding companies 23,267 24,025 24,615 15 Other 16,740 16,094 18,388 16 Earnings without current- cost adjustment (line 2 less line 6) 65,470 67,149 71,480 17 Manufacturing 11,999 13,330 13,969 18 Wholesale trade 6,495 6,756 7,693 19 Finance (including depository institutions) and insurance 8,024 7,938 7,885 20 Holding companies, except bank holding companies 23,012 23,732 24,310 21 Other 15,940 15,393 17,624 22 Interest 1,511 1,387 1,525 23 Manufacturing 398 360 412 24 Wholesale trade 136 114 138 25 Finance (including depository institutions) and insurance (1) -78 -81 -95 26 Holding companies, except bank holding companies 255 293 306 27 Other 800 701 764 28 Capital (table 1, line 51) 46,183 -66,502 -53,744 29 Equity capital -16,926 -12,589 -2,916 30 Increases in equity capital -28,380 -17,337 -12,462 31 Decreases in equity capital 11,454 4,748 9,546 32 Reinvested earnings (line 4 with sign reversed) 47,949 -49,144 -52,233 33 Intercompany debt 15,159 4,769 1,405 34 U.S. parents' receivables 13,735 -9,870 -7,601 35 U.S. parents' payables 1,424 5,101 9,006 36 Capital without current-cost adjustment 51,061 -61,735 49,047 37 Manufacturing -7,856 -8,721 -9,958 38 Wholesale trade -1,908 -8,035 -2,392 39 Finance (including depository institutions) and insurance 6,367 -9,249 -13,338 40 Holding companies, except bank holding companies 66,652 -25,075 -15,093 41 Other -12,195 -10,656 -8,266 42 Equity capital -16,926 -12,589 -2,916 43 Manufacturing -4,931 -255 19 44 Wholesale trade -370 90 -263 45 Finance (including depository institutions) and insurance -53 -4,947 -5,134 46 Holding companies, except bank holding companies -3,329 -6,768 274 47 Other -8,244 -708 2,188 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) 52,827 -44,377 -47,536 49 Manufacturing 148 -9,077 -10,885 50 Wholesale trade -1,840 -5,545 -5,966 51 Finance (including depository institutions) and insurance -132 -4,202 -3,089 52 Holding companies, except bank holding companies 61,716 -17,097 -17,417 53 Other -7,064 -8,456 -10,180 54 Intercompany debt 15,159 -4,769 1,405 55 Manufacturing -3,073 612 908 56 Wholesale trade 302 -2,580 3,837 57 Finance (including depository institutions) and insurance (2) 6,552 -99 -5,114 58 Holding companies, except bank holding companes 8,265 -1,210 2,050 59 Other 3,113 -1,492 -275 60 Royalties and license fees, net 9,073 8,834 9,257 61 U.S. parents' receipts (table 1, part of line 9) 9,850 9,396 9,809 62 U.S. parents' payments (table 1, part of line 26) -777 -563 -552 63 Other private services, net 1,794 1,677 1,536 64 U.S. parents' receipts (table 1, part of line 10) 7,703 7,839 8,065 65 U.S. parents' payments (table 1, part of line 27) -5,909 -6,162 -6,529 Foreign direct investment in the United States: 66 Income (table 1, line 31) -35,303 -31,299 -33,055 67 Earnings -30,988 -27,382 -28,886 68 Distributed earnings -13,604 -5,120 -6,235 69 Reinvested earnings -17,383 -22,262 -22,650 70 Reinvested earnings without current-cost adjustment -15,658 -20,798 -21,333 71 Current-cost adjustment -1,725 -1,464 -1,317 72 Interest -4,316 -3,917 -4,169 73 U.S. affiliates' paymants -5,427 -4,895 -5,312 74 U.S. affiliates' receipts 1,111 978 1,144 75 Income without current-cost adjustment -33,578 -29,835 -31,737 76 Manufacturing -14,597 -11,586 -11,921 77 Wholesale trade -8,359 -7,088 -6,918 78 Finance (including depository institutions) and insurance -2,907 -4,124 -5,940 79 Other -7,716 -7,037 -6,958 80 Earnings without current- cost adjustment (line 67 less line 71) -29,263 -25,918 -27,569 81 Manufacturing -12,226 -9,705 -10,149 82 Wholesale trade -8,135 -6,830 -6,671 83 Finance (including depository institutions) and insurance -2,702 3,901 -5,556 84 Other -6,200 -5,483 -5,193 85 Interest -4,316 -3,917 -4,169 86 Manufacturing -2,370 -1,882 -1,772 87 Wholesale trade -224 -258 -247 88 Finance (including depository institutions) and insurance -205 -223 -385 89 Other -1,516 -1,554 -1,765 90 Capital (table 1, line 64) 39,335 42,976 49,056 91 Equity capital.: 19,067 26,715 21,170 92 Increases in equity capital 29,708 36,976 25,973 93 Decreases in equity capital -10,641 -10,261 -4,803 94 Reinvested earnings (line 69 with sign reversed) 17,383 22,262 22,650 95 Intercompany debt 2,885 -6,002 5,235 96 U.S. affiliates' payables 900 4,974 21,784 97 U.S. affiliates' receivables 1,985 -10,975 -16,549 98 Capital without current-cost adjustment 37,610 41,512 47,739 99 Manufacturing 22,192 15,988 14,494 100 Wholesale trade 4,983 11,141 6,540 101 Finance (including depository institutions) and insurance 2,894 15,411 10,046 102 Other 7,541 -1,027 16,660 103 Equity capital 19,067 26,715 21,170 104 Manufacturing 6,891 11,392 9,591 105 Wholesale trade 872 6,433 1,303 106 Finance (including depository institutions) and insurance 6,016 7,663 5,678 107 Other 5,289 1,227 4,597 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 15,658 20,798 21,333 109 Manufacturing 7,104 6886 8,154 110 Wholesale trade 3,369 6,642 6,228 111 Finance (including depository institutions) and insurance 198 2,735 2,804 112 Other 4,988 4,534 4,147 113 Intercompany debt 2,885 -6,002 5,235 114 Manufacturing 8,198 -2,291 3,252 115 Wholesale trade 742 -1,934 -992 116 Finance (including depository institutions) and insurance (2) -3,320 2,012 1,563 117 Other -2,735 -6,788 7,916 118 Royalties and license fees, net -3,133 -3,186 -3,361 119 U.S. affiliates' payments (table 1, part of line 26) -4,454 -4,503 -4,660 120 U.S. affiliates' receipts (table 1, part of line 9) 1321 1,318 1,299 121 Other private services, net 361 367 1,133 122 U.S. affiliates' payments (table 1, part of line 27) -5,332 -5,612 -5,240 123 U.S. affiliates' receipts (table 1, part of line 10) 5,693 5,980 6,373 Seasonally adjusted Line (Credits +;debits -) (1) 2006 2007 III IV I (p) U.S. direct Investment abroad: 1 Income (table 1, line 14) 78,372 80,846 81,466 2 Earnings 76,884 79,499 80,079 3 Distributed earnings 18,412 19,255 22,411 4 Reinvested earnings 58,472 60,244 57,667 5 Reinvested earnings without current-cost adjustment 53,821 55,615 52,996 6 Current-cost adjustment 4,651 4,629 4,671 7 Interest 1,489 1,348 1,387 8 U.S. parents' receipts 2,498 2,617 2,527 9 U.S. parents' payments -1,010 -1,269 -1,140 10 Income without current-cost adjustment 73,721 76,217 76,795 11 Manufacturing 15,417 15,755 17,164 12 Wholesale trade 7,091 7,478 8,122 13 Finance (including depository institutions) and insurance 8,198 7,947 7,759 14 Holding companies, except bank holding companies 25,235 26,511 25,847 15 Other 17,780 18,526 17,903 16 Earnings without current- cost adjustment (line 2 less line 6) 72,233 74,870 75,408 17 Manufacturing 14,980 15,361 16,771 18 Wholesale trade 6,985 7,368 8,022 19 Finance (including depository institutions) and insurance 8,306 8,156 7,899 20 Holding companies, except bank holding companies 24,969 26,297 25,595 21 Other 16,992 17,687 17,120 22 Interest 1,489 1,348 1,387 23 Manufacturing 437 393 393 24 Wholesale trade 106 111 99 25 Finance (including depository institutions) and insurance (1) -108 -209 -140 26 Holding companies, except bank holding companies 265 214 252 27 Other 788 839 782 28 Capital (table 1, line 51) -49,018 -66,094 -75,464 29 Equity capital -4,662 -10,081 -26,637 30 Increases in equity capital -15,082 -31,353 -30,614 31 Decreases in equity capital 10,421 21,272 3,978 32 Reinvested earnings (line 4 with sign reversed) -58,472 -60,244 -57,667 33 Intercompany debt 14,116 4,230 8,840 34 U.S. parents' receivables 8,704 2,399 4,570 35 U.S. parents' payables 5,412 1,832 4,270 36 Capital without current-cost adjustment -44,367 -61,465 -70,793 37 Manufacturing -13,988 -27,355 -15,587 38 Wholesale trade -4,642 -7,634 -6,477 39 Finance (including depository institutions) and insurance 2,265 -311 -13,644 40 Holding companies, except bank holding companies -16,538 -17,223 -24,119 41 Other -11,464 -8,941 -10,966 42 Equity capital -4,662 -10,081 -26,637 43 Manufacturing -3,058 -12,060 -6,325 44 Wholesale trade 57 -1,025 -506 45 Finance (including depository institutions) and insurance 429 978 -10,093 46 Holding companies, except bank holding companies -2,090 -1,471 -4,963 47 Other 0 3,497 -4,750 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -53,821 -55,615 -52,996 49 Manufacturing -11,898 -12,981 -13,400 50 Wholesale trade -5,561 -6,033 -7,008 51 Finance (including depository institutions) and insurance -5,624 -6,234 -2,459 52 Holding companies, except bank holding companies -19,270 -18,410 -18,301 53 Other -11,469 -11,957 -11,828 54 Intercompany debt 14,116 4,230 8,840 55 Manufacturing 967 -2,313 4,139 56 Wholesale trade 862 -577 1,037 57 Finance (including depository institutions) and insurance (2) 7,460 4,945 -1,092 58 Holding companies, except bank holding companes 4,822 2,658 -855 59 Other 4 -482 5,612 60 Royalties and license fees, net 9,436 9,552 9,565 61 U.S. parents' receipts (table 1, part of line 9) 9,989 10,145 10,180 62 U.S. parents' payments (table 1, part of line 26) -553 -593 -615 63 Other private services, net 1,621 1,690 1,791 64 U.S. parents' receipts (table 1, part of line 10) 8,214 8,433 8,702 65 U.S. parents' payments (table 1, part of line 27) -6,593 -6,743 -6,911 Foreign direct investment in the United States: 66 Income (table 1, line 31) -37,885 -33,772 -30,153 67 Earnings 32,613 -28,356 -25,023 68 Distributed earnings -10,949 -24,313 -6,470 69 Reinvested earnings -21,664 -4,043 -18,554 70 Reinvested earnings without current-cost adjustment -20,441 -2,861 -17,271 71 Current-cost adjustment -1,223 -1,182 -1,283 72 Interest -5,272 -5,416 -5,130 73 U.S. affiliates' paymants -6,491 -6,487 -6,190 74 U.S. affiliates' receipts 1,220 1,071 1,060 75 Income without current-cost adjustment -36,662 32,590 -28,870 76 Manufacturing -14,225 -16,587 -14,786 77 Wholesale trade -7,899 -6,312 -3,272 78 Finance (including depository institutions) and insurance -6,277 -2,259 -4,199 79 Other -8,260 -7,432 -6,614 80 Earnings without current- cost adjustment (line 67 less line 71) 31,390 -27,174 -23,740 81 Manufacturing -11,599 -13,858 -11,966 82 Wholesale trade -7,645 3,100 -3,017 83 Finance (including depository institutions) and insurance -5,908 -1,832 -3,771 84 Other -6,239 -5,384 -4,985 85 Interest -5,272 -5,416 -5,130 86 Manufacturing -2,626 -2,728 -2,818 87 Wholesale trade -255 -213 -255 88 Finance (including depository institutions) and insurance -369 -428 -428 89 Other -2,021 -2,048 -1,629 90 Capital (table 1, line 64) 42,979 45,570 23,466 91 Equity capital.: 13,539 36,556 24,089 92 Increases in equity capital 22,592 40,684 32,641 93 Decreases in equity capital -9,054 -4,128 -8,553 94 Reinvested earnings (line 69 with sign reversed) 21,664 4,043 18,554 95 Intercompany debt 7,776 4,971 -19,176 96 U.S. affiliates' payables 10,661 -16,347 4,197 97 U.S. affiliates' receivables -2,885 21,318 -23,373 98 Capital without current-cost adjustment 41,756 44,388 22,183 99 Manufacturing 24,457 10,866 16,093 100 Wholesale trade -426 3,756 6,600 101 Finance (including depository institutions) and insurance 8,468 12,443 -3,257 102 Other 9,257 17,323 2,747 103 Equity capital 13,539 36,556 24,089 104 Manufacturing 3,777 20,503 10,977 105 Wholesale trade -3,254 2,745 3,712 106 Finance (including depository institutions) and insurance 4,670 10,977 3,755 107 Other 8,346 2,331 5,645 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 20,441 2,861 17,271 109 Manufacturing 9,761 191 9,509 110 Wholesale trade 3,274 -2,905 2,913 111 Finance (including depository institutions) and insurance 2,848 1,091 1,112 112 Other 4,559 4,483 3,736 113 Intercompany debt 7,776 4,971 -19,176 114 Manufacturing 10,919 -9,828 -4,393 115 Wholesale trade -446 3,916 -25 116 Finance (including depository institutions) and insurance (2) 950 375 -8,124 117 Other -3,647 10,508 -6,633 118 Royalties and license fees, net -3,383 -3,636 -3,658 119 U.S. affiliates' payments (table 1, part of line 26) -4,663 -4,877 -4,918 120 U.S. affiliates' receipts (table 1, part of line 9) 1,280 1,241 1,260 121 Other private services, net 962 449 720 122 U.S. affiliates' payments (table 1, part of line 27) -5,276 -6,046 -5,918 123 U.S. affiliates' receipts (table 1, part of line 10) 6,239 6,496 6,638 See the footnote on pages 108-109. Table 7. Transactions in Long-Term Securities [Millions of dollars] Line (Credits +; debits -) 2004 2005 2006 A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -146,549 -197,098 -289,422 2 Stocks, gross purchases by U.S. residents 1,749,287 2,383,377 3,838,823 3 Stocks, gross sales by U.S. residents 1,664,531 2,240,776 3,700,285 4 Stocks, net purchases by U.S. residents -84,756 -142,601 -138,538 5 New issues in the United States (1) -372 n.a. n.a. 6 Transactions in outstanding stocks, net -84,384 n.a. n.a. Net purchases by U.S. residents, by area: 7 Europe -58,679 -55,155 -90,993 8 Of which: United Kingdom -42,599 -33,782 -65,271 9 Canada -13,450 -4,551 -7,573 10 Caribbean financial centers (2) 522 -2,511 21,464 11 Latin America, excluding Caribbean financial centers 2,097 -6,438 -7,806 12 Asia -38,455 -67,370 -44,842 13 Of which: Japan -33,055 -39,859 -1,910 14 Africa -22 -1,857 -2,799 15 Other 23,231 -4,719 -5,989 16 Bonds, gross purchases by U.S. residents 1,520,981 1,514,539 2,023,867 17 Bonds, gross sales by U.S. residents 1,459,188 1,460,042 1,872,983 18 Bonds, net purchases by U.S. residents -61,793 -54,497 -150,884 19 New issues in the United States (1) -15,664 n.a. n.a. 20 Transactions in outstanding bonds, net -46,129 n.a. n.a. Net purchases by U.S. residents, by area: 21 Europe -71,512 -45,778 -147,701 22 Of which: United Kingdom -64,926 -22,276 -101,619 23 Canada -4,816 -1,461 -11,306 24 Caribbean financial centers (2) -947 -2,811 -5,723 25 Latin America, excluding Caribbean financial centers -3,155 -17,087 -7,868 26 Asia 24,087 21,802 23,827 27 Of which: Japan 12,545 7,014 4,053 28 Africa 1,634 183 496 29 Other -7,083 -9,345 -2,609 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) 381,493 450,386 591,951 2 Stocks, gross purchases by foreign residents 3,883,241 4,723,119 6,874,124 3 Stocks, gross sales by foreign residents 3,823,692 4,634,815 6,731,367 4 Stocks, net purchases by foreign residents 59,549 88,304 142,757 Net purchases by foreign residents, by area: 5 Europe 35,338 43,981 94,193 6 Of which: United Kingdom 28,864 24,212 74,808 7 Canada 3,878 20,983 12,776 8 Caribbean financial centers (2) 3,094 14,775 34,312 9 Latin America, excluding Caribbean financial centers -416 -388 1,900 10 Asia 5,477 8,719 -1,131 11 Of which: Japan 4,874 -59 -789 12 Africa -86 266 62 13 Other 12,264 -32 645 14 Corporate bonds, gross purchases by foreign residents 1,154,846 1,248,173 1,624,812 15 Corporate bonds, gross sales by foreign residents 900,282 935,859 1,212,552 16 Corporate bonds, net purchases by foreign residents 254,564 312,314 412,260 17 New issues sold abroad by U.S. corporations (1) 84,876 n.a. n.a. 18 Transactions in outstanding bonds, net 169,688 n.a. n.a. Net purchases by foreign residents, by area: 19 Europe 126,343 199,811 242,051 20 Of which: United Kingdom 69,599 144,715 192,415 21 Canada 6,006 1,918 7,899 22 Caribbean financal centers (2) 47,057 40,195 91,134 23 Latin America, excluding Caribbean financial centers 20,183 7,279 9,321 24 Asia 51,855 54,369 53,918 25 Of which: Japan 33,453 25,605 12,263 26 Africa 558 626 203 27 Other 2,562 8,116 7,734 28 Federally sponsored agency bonds, gross purchases by foreign residents 1,099,859 972,943 1,341,992 29 Federally sponsored agency bonds, gross sales by foreign residents 1,032,479 923,175 1,305,058 30 Federally sponsored agency bonds, net purchases by foreign residents 67,380 49,768 36,934 31 New issues sold abroad by federally sponsored agencies (1) 55,637 n.a. n.a. 32 Transactions in outstanding bonds, net 11,743 n.a. n.a. Net purchases by foreign residents, by area: 33 Europe: 13,305 -11,905 11,565 34 Of which: United Kingdom 31,410 -1,318 13,614 35 Canada 4,990 12,134 9,602 36 Caribbean financial centers (2) 11,335 2,952 29,805 37 Latin America, excluding Caribbean financial centers 1,813 7,089 3,356 38 Asia 36,409 40,240 -17,709 39 Of which: Japan 16,462 15,630 -5,414 40 Africa -133 -320 -226 41 Other -339 -422 541 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) 74,092 147,904 -49,490 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 8,057,944 9,305,653 10,305,640 3 U.S. Treasury bonds and notes, gross sales by foreign residents 7,983,852 9,157,749 10,355,130 Net purchases by foreign residents, by area: 4 Europe 38,170 65,183 -37,805 5 Canada 16,258 21,817 14,731 6 Caribbean financial centers (2) 22,138 44,884 -10,645 7 Latin America, excluding Caribbean financial centers -3,392 10,425 5,470 8 Asia 1,045 1,342 -20 9 Africa 679 1,718 1,092 10 Other -806 2,535 -2,078 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 4): 1 U.S. Treasury marketable bonds and notes (line B4) 256,821 156,859 214,133 2 Other U.S. Government securities (line B6) 41,662 100,493 191,553 3 U.S. corporate and other bonds (part of line B16) 11,464 19,141 28,591 4 U.S. stocks (part of line B16) 2,239 954 5,766 Not seasonally adjusted Line (Credits +; debits -) 2005 II III IV A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -49,258 -47,362 -48,887 2 Stocks, gross purchases by U.S. residents 524,577 586,157 745,066 3 Stocks, gross sales by U.S. residents 500,100 551,255 702,428 4 Stocks, net purchases by U.S. residents -24,477 -34,902 -42,638 5 New issues in the United States (1) n.a. n.a. n.a. 6 Transactions in outstanding stocks, net n.a. n.a. n.a. Net purchases by U.S. residents, by area: 7 Europe -11,967 -8,716 -12,868 8 Of which: United Kingdom -4,633 -7,875 -3,788 9 Canada 933 886 -3,619 10 Caribbean financial centers (2) -5,534 2,429 3,505 11 Latin America, excluding Caribbean financial centers -485 -1,550 -4,103 12 Asia -6,664 -26,640 -23,019 13 Of which: Japan -836 -17,408 -17,185 14 Africa -327 -614 -857 15 Other -433 -697 -1,677 16 Bonds, gross purchases by U.S. residents 401,101 365,696 379,914 17 Bonds, gross sales by U.S. residents 376,320 353,236 373,665 18 Bonds, net purchases by U.S. residents -24,781 -12,460 -6,249 19 New issues in the United States (1) n.a. n.a. n.a. 20 Transactions in outstanding bonds, net n.a. n.a. n.a. Net purchases by U.S. residents, by area: 21 Europe -30,690 -1,463 -1,378 22 Of which: United Kingdom -24,342 9,826 1,753 23 Canada -611 -1,774 683 24 Caribbean financial centers (2) 8,882 -4,993 -5,894 25 Latin America, excluding Caribbean financial centers -5,509 -8,532 -1,475 26 Asia 7,970 5,316 3,334 27 Of which: Japan 5,387 1,745 397 28 Africa 31 193 19 29 Other -4,854 -1,207 -1,538 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) 107,694 141,900 125,161 2 Stocks, gross purchases by foreign residents 1,168,662 1,187,906 1,301,639 3 Stocks, gross sales by foreign residents 1,156,145 1,157,452 1,276,015 4 Stocks, net purchases by foreign residents 12,517 30,454 25,624 Net purchases by foreign residents, by area: 5 Europe 9,304 11,739 13,359 6 Of which: United Kingdom 7,071 4,847 6,420 7 Canada 965 10,796 5,716 8 Caribbean financial centers (2) -2,013 7,688 4,154 9 Latin America, excluding Caribbean financial centers -21 371 -451 10 Asia 4,811 -558 2,359 11 Of which: Japan 142 -1,258 1,184 12 Africa -47 72 -9 13 Other -482 346 496 14 Corporate bonds, gross purchases by foreign residents 321,347 307,162 311,865 15 Corporate bonds, gross sales by foreign residents 245,113 219,347 218,407 16 Corporate bonds, net purchases by foreign residents 76,234 87,815 93,458 17 New issues sold abroad by U.S. corporations (1) n.a. n.a. n.a. 18 Transactions in outstanding bonds, net n.a. n.a. n.a. Net purchases by foreign residents, by area: 19 Europe 49,671 54,434 64,082 20 Of which: United Kingdom 37,584 42,010 44,646 21 Canada -205 35 1,501 22 Caribbean financal centers (2) 12,097 14,850 6,623 23 Latin America, excluding Caribbean financial centers 2,044 1,529 1,426 24 Asia 11,023 13,580 17,643 25 Of which: Japan 4,166 6,457 9,482 26 Africa 78 194 127 27 Other 1,526 3,193 2,056 28 Federally sponsored agency bonds, gross purchases by foreign residents 227,575 256,121 267,515 29 Federally sponsored agency bonds, gross sales by foreign residents 208,632 232,490 261,436 30 Federally sponsored agency bonds, net purchases by foreign residents 18,943 23,631 6,079 31 New issues sold abroad by federally sponsored agencies (1) n.a. n.a. n.a. 32 Transactions in outstanding bonds, net n.a. n.a. n.a. Net purchases by foreign residents, by area: 33 Europe: -2,172 3,294 -8,683 34 Of which: United Kingdom -2,345 4,818 -6,409 35 Canada 3,087 2,506 3,826 36 Caribbean financial centers (2) 4,442 5,519 -5,597 37 Latin America, excluding Caribbean financial centers 505 310 1,411 38 Asia 12,953 12,260 15,260 39 Of which: Japan 8,666 2,873 9,755 40 Africa -46 85 -128 41 Other 174 -343 -10 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) -12,804 39,161 43,600 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 2,455,765 2,404,486 2,099,100 3 U.S. Treasury bonds and notes, gross sales by foreign residents 2,468,569 2,365,325 2,055,500 Net purchases by foreign residents, by area: 4 Europe 8,356 20,789 33,436 5 Canada 5,602 4,271 6,016 6 Caribbean financial centers (2) -36,669 811 11,300 7 Latin America, excluding Caribbean financial centers 2,722 5,422 1,467 8 Asia 6,419 6,712 -10,362 9 Africa -321 785 404 10 Other 1,087 371 1,339 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 4): 1 U.S. Treasury marketable bonds and notes (line B4) 55,451 28,937 47,149 2 Other U.S. Government securities (line B6) 18,905 25,993 32,654 3 U.S. corporate and other bonds (part of line B16) 4,515 5,608 5,957 4 U.S. stocks (part of line B16) -235 1,289 337 Not seasonally adjusted Line (Credits +; debits -) 2006 I II III A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -57,693 -59,003 -55,496 2 Stocks, gross purchases by U.S. residents 899,236 1,019,311 842,141 3 Stocks, gross sales by U.S. residents 856,738 996,460 831,694 4 Stocks, net purchases by U.S. residents -42,498 -22,851 -10,447 5 New issues in the United States (1) n.a. n.a. n.a. 6 Transactions in outstanding stocks, net n.a. n.a. n.a. Net purchases by U.S. residents, by area: 7 Europe -12,239 -17,519 -11,260 8 Of which: United Kingdom -9,061 -13,877 -14,168 9 Canada -3,747 -1,361 -1,188 10 Caribbean financial centers (2) 3,736 1,091 1,528 11 Latin America, excluding Caribbean financial centers -2,988 -1,440 156 12 Asia -24,644 -272 904 13 Of which: Japan -3,385 6,056 -241 14 Africa -948 -1,128 -263 15 Other -1,668 -2,222 -324 16 Bonds, gross purchases by U.S. residents 476,355 486,154 456,051 17 Bonds, gross sales by U.S. residents 461,160 450,002 411,002 18 Bonds, net purchases by U.S. residents -15,195 -36,152 -45,049 19 New issues in the United States (1) n.a. n.a. n.a. 20 Transactions in outstanding bonds, net n.a. n.a. n.a. Net purchases by U.S. residents, by area: 21 Europe -9,689 -40,368 -44,555 22 Of which: United Kingdom -13,821 -22,254 -32,584 23 Canada -3,816 -1,082 -4,492 24 Caribbean financial centers (2) 1,568 -1,296 -2,386 25 Latin America, excluding Caribbean financial centers -5,337 1,435 -450 26 Asia 1,736 6,446 4,896 27 Of which: Japan 71 2,014 2,044 28 Africa 59 -31 184,284 29 Other 284 -1,256 1,754 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) 173,213 145,750 140,243 2 Stocks, gross purchases by foreign residents 1,564,082 1,809,496 1,678,452 3 Stocks, gross sales by foreign residents 1,501,049 1,791,454 1,643,341 4 Stocks, net purchases by foreign residents 63,033 18,042 35,111 Net purchases by foreign residents, by area: 5 Europe 42,360 16,783 27,586 6 Of which: United Kingdom 26,973 14,896 22,212 7 Canada 4,392 2,919 2,261 8 Caribbean financial centers (2) 12,867 -3,410 784 9 Latin America, excluding Caribbean financial centers 1,064 746 -329 10 Asia 1,863 944 -2,533 11 Of which: Japan 694 843 -700 12 Africa 114 161 -94 13 Other 373 -101 406 14 Corporate bonds, gross purchases by foreign residents 377,086 392,457 376,818 15 Corporate bonds, gross sales by foreign residents 282,467 286,697 277,180 16 Corporate bonds, net purchases by foreign residents 94,619 105,760 99,638 17 New issues sold abroad by U.S. corporations (1) n.a. n.a. n.a. 18 Transactions in outstanding bonds, net n.a. n.a. n.a. Net purchases by foreign residents, by area: 19 Europe 56,695 67,232 58,276 20 Of which: United Kingdom 44,611 51,172 41,017 21 Canada 2,506 2,377 569 22 Caribbean financal centers (2) 17,247 18,249 25,280 23 Latin America, excluding Caribbean financial centers 2,335 2,346 2,698 24 Asia 11,907 12,674 11,815 25 Of which: Japan 2,161 729 3,212 26 Africa 90 317 206 27 Other 3,839 2,565 794 28 Federally sponsored agency bonds, gross purchases by foreign residents 329,985 351,970 312,962 29 Federally sponsored agency bonds, gross sales by foreign residents 314,424 330,022 307,468 30 Federally sponsored agency bonds, net purchases by foreign residents 15,561 21,948 5,494 31 New issues sold abroad by federally sponsored agencies (1) n.a. n.a. n.a. 32 Transactions in outstanding bonds, net n.a. n.a. n.a. Net purchases by foreign residents, by area: 33 Europe: -145 14,841 -10,800 34 Of which: United Kingdom -721 14,209 -10,952 35 Canada 2,951 1,616 1,921 36 Caribbean financial centers (2) 6,984 2,913 14,305 37 Latin America, excluding Caribbean financial centers 344 425 750 38 Asia 5,175 1,776 -589 39 Of which: Japan -2,274 2,375 1,538 40 Africa -11 4 -138 41 Other 263 373 45 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) -30,354 -16,878 -13,105 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 2,524,178 2,578,969 2,481,736 3 U.S. Treasury bonds and notes, gross sales by foreign residents 2,554,532 2,595,847 2,494,841 Net purchases by foreign residents, by area: 4 Europe 2,813 -14,255 -27,640 5 Canada 4,799 5,482 7,659 6 Caribbean financial centers (2) -14,335 5,365 -2,427 7 Latin America, excluding Caribbean financial centers 2,492 -1,510 2,201 8 Asia -25,038 -12,005 6,771 9 Africa 459 178 434 10 Other -1,544 -133 -103 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 4): 1 U.S. Treasury marketable bonds and notes (line B4) 51,835 51,705 60,950 2 Other U.S. Government securities (line B6) 47,214 41,364 55,226 3 U.S. corporate and other bonds (part of line B16) 8,623 6,133 5,745 4 U.S. stocks (part of line B16) 1,876 5,745 1,149 Not seasonally adjusted Line (Credits +; debits -) 2006 2007 IV I (p) A1 Foreign securities, net purchases (-) or net sales (+) by U.S. residents (table 1, line 52 or lines 4 + 18 below) -117,230 -87,731 2 Stocks, gross purchases by U.S. residents 1,078,135 1,190,735 3 Stocks, gross sales by U.S. residents 1,015,393 1,147,220 4 Stocks, net purchases by U.S. residents -62,742 -43,515 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 -49,975 -37,904 8 Of which: United Kingdom -28,165 -27,387 9 Canada -1,277 -2,331 10 Caribbean financial centers (2) 15,109 5,355 11 Latin America, excluding Caribbean financial centers -3,534 2,497 12 Asia -20,830 -8,451 13 Of which: Japan -4,340 -4,137 14 Africa -460 376 15 Other -1,775 -3,057 16 Bonds, gross purchases by U.S. residents 605,307 761,156 17 Bonds, gross sales by U.S. residents 550,819 716,940 18 Bonds, net purchases by U.S. residents -54,488 -44,216 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 -53,089 -44,169 22 Of which: United Kingdom -32,960 -27,773 23 Canada -1,916 -1,937 24 Caribbean financial centers (2) -3,609 -2,789 25 Latin America, excluding Caribbean financial centers -3,516 -183 26 Asia 10,749 5,552 27 Of which: Japan -76 -1,398 28 Africa 284 70 29 Other -3,391 -760 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) 132,745 123,428 2 Stocks, gross purchases by foreign residents 1,822,094 2,095,410 3 Stocks, gross sales by foreign residents 1,795,523 2,046,344 4 Stocks, net purchases by foreign residents 26,571 49,066 Net purchases by foreign residents, by area: 5 Europe 7,464 24,746 6 Of which: United Kingdom 10,727 19,933 7 Canada 3,204 -29 8 Caribbean financial centers (2) 17,041 22,688 9 Latin America, excluding Caribbean financial centers 419 369 10 Asia -1,405 -148 11 Of which: Japan -1,626 -111 12 Africa -119 -97 13 Other -33 1,537 14 Corporate bonds, gross purchases by foreign residents 478,451 478,731 15 Corporate bonds, gross sales by foreign residents 366,208 376,647 16 Corporate bonds, net purchases by foreign residents 112,243 102,084 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 59,848 65,397 20 Of which: United Kingdom 55,615 57,862 21 Canada 2,447 4,599 22 Caribbean financal centers (2) 30,358 15,998 23 Latin America, excluding Caribbean financial centers 1,942 650 24 Asia 17,522 12,338 25 Of which: Japan 6,161 2,629 26 Africa -410 -4 27 Other 536 3,106 28 Federally sponsored agency bonds, gross purchases by foreign residents 347,075 358,278 29 Federally sponsored agency bonds, gross sales by foreign residents 353,144 386,000 30 Federally sponsored agency bonds, net purchases by foreign residents -6,069 -27,722 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: 7,669 -5,034 34 Of which: United Kingdom 11,078 641 35 Canada 3,114 1,682 36 Caribbean financial centers (2) 5,603 -5,521 37 Latin America, excluding Caribbean financial centers 1,837 605 38 Asia -24,071 -19,549 39 Of which: Japan -7,053 -10,233 40 Africa -81 53 41 Other -140 42 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) 10,847 40,831 2 U.S. Treasury bonds and notes, gross purchases by foreign residents 2,720,757 3,210,701 3 U.S. Treasury bonds and notes, gross sales by foreign residents 2,709,910 3,169,870 Net purchases by foreign residents, by area: 4 Europe 1,277 33,198 5 Canada -3,209 1,466 6 Caribbean financial centers (2) 752 11,486 7 Latin America, excluding Caribbean financial centers 2,287 5,822 8 Asia 10,017 -11,106 9 Africa 21 -410 10 Other -298 375 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 4): 1 U.S. Treasury marketable bonds and notes (line B4) 49,643 18,078 2 Other U.S. Government securities (line B6) 47,749 66,056 3 U.S. corporate and other bonds (part of line B16) 8,090 10,621 4 U.S. stocks (part of line B16) -3,004 1,048 See the footnotes on pages 108-109.
U.S. international transactions: first quarter of 2007.
Sauers, Renee M.
Table 4. 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
Line assets. Debits -; increase in 2004 2005 2006
U.S. assets or decrease in
foreign assets.)
A1 U.S. official reserve assets, net
(table 1, line 41) 2,805 14,096 2,374
2 Gold (fade 1, line 42) 0 0 0
3 Special drawing rights (fade
1, line 43) -398 4,511 -223
4 Reserve position in the
International Monetary Fund
(table 1, line 44) 3,826 10,200 3,331
5 Foreign currencies (table 1,
line 45) -623 -615 -734
B1 Foreign official assets in the
United States, net (table 1,
line 56) 397,755 259,268 440,264
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 273,279 112,841 189,181
3 Bills and certificates 17,440 -43,336 -25,031
4 Bonds and notes, marketable 256,821 156,859 214,133
5 Bonds and notes,
nonmarketable -982 -682 79
6 Other U.S. Government
securities (table 1, line
59) 41,662 100,493 191,553
7 Other U.S. Government
liabilities (table 1, line
60) -134 -421 3,133
8 U.S. liabilities reported by
U.S. banks, not included
elsewhere (table 1, line
61) 69,245 26,260 22,040
9 Banks' liabilities for own
account (1) 27,779 25,468 41,830
10 Repurchase agreements 23,910 5,505 22,903
11 Deposits and brokerage
balances (2) 2,405 18,813 14,745
12 Other liabilities 1,464 1,150 4,182
13 Banks' customers'
liabilities (1) 41,466 792 -19,790
14 Negotiable certificates
of deposit and other
short-term instruments 42,209 1,373 -18,767
15 Other liabilities -743 -581 -1,023
16 Other foreign official assets
(table 1, line 62) 13,703 20,095 34,357
By area:
17 Europe 44,189 24,948 88,407
18 Canada 1,669 293 -965
19 Latin America and Caribbean 24,517 5,667 36,764
20 Asia 316,984 225,630 311,178
21 Africa 1,174 5,528 -1,851
22 Other 9,222 -2,798 6,731
(Credits +; decrease in U.S. Not seasonally adjusted
assets or increase in foreign
Line assets. Debits -; increase in 2005
U.S. assets or decrease in
foreign assets.) I II III
A1 U.S. official reserve assets, net
(table 1, line 41) 5,331 -797 4,766
2 Gold (fade 1, line 42) 0 0 0
3 Special drawing rights (fade
1, line 43) 1,713 -97 2,976
4 Reserve position in the
International Monetary Fund
(table 1, line 44) 3,763 -564 1,951
5 Foreign currencies (table 1,
line 45) -145 -136 -161
B1 Foreign official assets in the
United States, net (table 1,
line 56) 25,052 81,292 54,736
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 15,999 23,768 19,412
3 Bills and certificates -9,354 -30,933 -9,543
4 Bonds and notes, marketable 25,322 55,451 28,937
5 Bonds and notes,
nonmarketable 31 -750 18
6 Other U.S. Government
securities (table 1, line
59) 22,941 18,905 25,993
7 Other U.S. Government
liabilities (table 1, line
60) -698 120 440
8 U.S. liabilities reported by
U.S. banks, not included
elsewhere (table 1, line
61) -15,814 34,219 1,994
9 Banks' liabilities for own
account (1) 1,223 15,569 8,471
10 Repurchase agreements -2,904 6,883 7,383
11 Deposits and brokerage
balances (2) 6,305 6,824 -32
12 Other liabilities -2,178 1,862 1,120
13 Banks' customers'
liabilities (1) -17,037 18,650 -6,477
14 Negotiable certificates
of deposit and other
short-term instruments -15,702 14,483 -2,926
15 Other liabilities -1,335 4,167 -3,551
16 Other foreign official assets
(table 1, line 62) 2,624 4,280 6,897
By area:
17 Europe -8,053 15,166 2,310
18 Canada -665 442 34
19 Latin America and Caribbean -728 1,461 -1,789
20 Asia 33,149 56,369 65,952
21 Africa 2,732 927 -3,195
22 Other -1,383 6,927 -8,576
(Credits +; decrease in U.S. Not seasonally adjusted
assets or increase in foreign
Line assets. Debits -; increase in 2005 2006
U.S. assets or decrease in
foreign assets.) IV I II
A1 U.S. official reserve assets, net
(table 1, line 41) 4,796 513 -560
2 Gold (fade 1, line 42) 0 0 0
3 Special drawing rights (fade
1, line 43) -81 -67 -51
4 Reserve position in the
International Monetary Fund
(table 1, line 44) 5,050 729 -351
5 Foreign currencies (table 1,
line 45) -173 -149 -158
B1 Foreign official assets in the
United States, net (table 1,
line 56) 96,188 125,257 120,861
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 53,662 65,124 24,262
3 Bills and certificates 6,494 13,270 -27,462
4 Bonds and notes, marketable 47,149 51,835 51,705
5 Bonds and notes,
nonmarketable 19 19 19
6 Other U.S. Government
securities (table 1, line
59) 32,654 47,214 41,364
7 Other U.S. Government
liabilities (table 1, line
60) -283 26 824
8 U.S. liabilities reported by
U.S. banks, not included
elsewhere (table 1, line
61) 5,861 2,394 42,533
9 Banks' liabilities for own
account (1) 205 25,839 20,086
10 Repurchase agreements -5,857 24,477 17,118
11 Deposits and brokerage
balances (2) 5,716 583 5,673
12 Other liabilities 346 779 -2,705
13 Banks' customers'
liabilities (1) 5,656 -23,445 22,447
14 Negotiable certificates
of deposit and other
short-term instruments 5,518 -22,321 22,405
15 Other liabilities 138 -1,124 42
16 Other foreign official assets
(table 1, line 62) 6,294 10,499 11,878
By area:
17 Europe 15,525 39,306 12,237
18 Canada 482 229 -417
19 Latin America and Caribbean 6,723 8,192 12,216
20 Asia 70,160 75,754 89,860
21 Africa 5,064 -1,443 2,737
22 Other 234 3,219 4,228
(Credits +; decrease in U.S. Not seasonally adjusted
assets or increase in foreign
Line assets. Debits -; increase in 2006 2007
U.S. assets or decrease in
foreign assets.) III IV I (p)
A1 U.S. official reserve assets, net
(table 1, line 41) 1,006 1,415 -72
2 Gold (fade 1, line 42) 0 0 0
3 Special drawing rights (fade
1, line 43) -54 -51 -43
4 Reserve position in the
International Monetary Fund
(table 1, line 44) 1,275 1,678 212
5 Foreign currencies (table 1,
line 45) -215 -212 -241
B1 Foreign official assets in the
United States, net (table 1,
line 56) 108,799 85,347 147,834
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 52,746 47,049 40,197
3 Bills and certificates -8,224 -2,615 22,099
4 Bonds and notes, marketable 60,950 49,643 18,078
5 Bonds and notes,
nonmarketable 20 21 20
6 Other U.S. Government
securities (table 1, line
59) 55,226 47,749 66,056
7 Other U.S. Government
liabilities (table 1, line
60) 1,154 1,129 467
8 U.S. liabilities reported by
U.S. banks, not included
elsewhere (table 1, line
61) -7,221 -15,666 29,445
9 Banks' liabilities for own
account (1) 4,839 -8,934 29,447
10 Repurchase agreements -8,539 -10,153 34,046
11 Deposits and brokerage
balances (2) 8,513 -24 939
12 Other liabilities 4,865 1,243 -5,538
13 Banks' customers'
liabilities (1) -12,060 -6,732 -2
14 Negotiable certificates
of deposit and other
short-term instruments -12,306 4,545 80
15 Other liabilities 246 -187 -82
16 Other foreign official assets
(table 1, line 62) 6,894 5,086 11,669
By area:
17 Europe 7,241 29,623 16,447
18 Canada -422 -355 639
19 Latin America and Caribbean 9,021 7,335 21,291
20 Asia 97,213 48,351 105,462
21 Africa 176 -3,321 1,890
22 Other -4,430 3,714 2,105
(Credits +; decrease in U.S.
assets or increase in foreign Amounts
Line assets. Debits -; increase in outstanding
U.S. assets or decrease in March 31,
foreign assets.) 2007
A1 U.S. official reserve assets, net
(table 1, line 41) 228,280
2 Gold (fade 1, line 42) 173,047
3 Special drawing rights (fade
1, line 43) 8,948
4 Reserve position in the
International Monetary Fund
(table 1, line 44) 4,846
5 Foreign currencies (table 1,
line 45) 41,439
B1 Foreign official assets in the
United States, net (table 1,
line 56) 2,925,148
By instrument:
2 U.S. Treasury securities
(table 1, line 58) 1,565,809
3 Bills and certificates 198,931
4 Bonds and notes, marketable 1,365,831
5 Bonds and notes,
nonmarketable 1,047
6 Other U.S. Government
securities (table 1, line
59) 651,637
7 Other U.S. Government
liabilities (table 1, line
60) 19,466
8 U.S. liabilities reported by
U.S. banks, not included
elsewhere (table 1, line
61) 326,132
9 Banks' liabilities for own
account (1) 220,261
10 Repurchase agreements 152,031
11 Deposits and brokerage
balances (2) 61,110
12 Other liabilities 7,120
13 Banks' customers'
liabilities (1) 105,871
14 Negotiable certificates
of deposit and other
short-term instruments 105,851
15 Other liabilities 20
16 Other foreign official assets
(table 1, line 62) 362,104
By area:
17 Europe 499,779
18 Canada 8,115
19 Latin America and Caribbean 199,460
20 Asia 2,157,648
21 Africa 16,038
22 Other 44,108
See the footnotes on pages 108-109.
Table 5. Selected U.S. Government Transactions
[Millions of dollars]
Line 2004 2005 2006
A1 U.S. Government grants and
transactions increasing
Government assets, total 27,298 35,443 31,836
By category
2 Grants, net 24,294 35,381 28,853
3 U.S. Government current grants,
net (table 1, line 36, with
sign reversed) 23,634 33,039 27,142
4 Financing military
purchases (1) 6,634 9,642 2,787
5 Other grants 17,002 23,397 24,355
6 Cash contributions received
from coalition partners for
Persian Gulf operations ... ... ...
7 Debt forgiveness (table 1, part
of line 39, with sign
reversed) 658 2,342 1,711
8 Credits and other long-term assets
(table 1, line 47, with sign
reversed) 3,044 2,255 2,992
9 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 1,993 1,263 2,024
10 Credits repayable in U.S.
dollars 1,051 989 968
11 Credits repayable in other than
U.S. dollars 0 2 0
12 Other long-term assets 0 0 0
13 Foreign currency hokiings and
short-term assets, net
(table 1, line 49 with sign
reversed) -38 -2,191 -9
14 Foreign currency holdings
(excluding administrative
cash holdings), net 1 2 0
Receipts from:
15 Sales of agricultural
commodities 0 0 0
16 Interest 0 0 0
17 Repayments of principal 1 2 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 -29 -2,184 50
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 -11 -10 -59
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 1,993 1,264 2,024
28 Under Agricultural Trade
Development and Assistance Act
and related programs 1,140 1,468 1,384
29 Under Foreign Assistance Act and
related programs 22,457 30,885 25,362
30 Under Export-Import Bank Act 273 446 1,690
31 Under Commodity Credit Corporation
Charter Act 133 5 7
32 Under other grant and credit
programs 1,313 1,383 1,427
33 Other foreign currency assets
acquired (lines At 6, A17, and
A19) 1 2 0
34 Less foreign currencies used by
U.S. Government other than for
grants or credits (line A22) 0 0 0
35 Other (incuding changes in
administrative cash holdings),
net -11 -10 -59
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow from
the United States 18,193 23,789 18,477
37 Expenditures on U.S. goods 7,632 11,064 4,305
38 Expenditures on U.S. services (4) 7,053 9,404 9,639
39 Financing of military sales
contracts by U.S.
Government (5) (line C6) 3,221 2,906 2,617
40 By long-term credits 124 239 439
41 By short-term credits (1) 0 0 0
42 By grants (1) 3,098 2,667 2,178
43 U.S. Government grants and
credits to repay prior U.S.
Government credits (1 4) 201 2,482 1,865
44 U.S. Government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets 149 -16 62
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 63 2,051 11
47 Less foreign currencies used by
U.S. Government other than
for grants or credits (line
A22) 0 0 0
48 Estimated dollar payments to
foreign countries and
international financial
institutions 9,105 11,654 13,359
B1 Repayments on U.S. Government
long-term assets, total (table
1, line 48) 4,716 5,604 8,329
2 Receipts of principal on U.S.
Government credits 4,716 5,604 8,329
3 Under Agricultural Trade
Development and Assistance
Act and related programs 488 629 694
4 Under Foreign Assistance Act
and related programs 2,309 1,273 1,759
5 Under Export-Import Bank Act 1,446 1,509 3,784
6 Under Commodity Credit
Corporation Charter Act 390 1,918 1,849
7 Under other credit programs 83 275 244
8 Receipts on other long-term assets (*) (*) (*)
C1 U.S. Government liabilities other
than securities, total, net
increase (+) (table 1, line 60) -134 -421 3,133
2 Associated with military sales
contracts (2) -133 -419 3,120
3 U.S. Government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of refunds (1) 13,965 17,436 18,837
4 Less U.S. Government receipts
from principal repayments 991 825 929
5 Less U.S. Treasury securities
issued in connection with
prepayments for military
purchases in the United
States 548 397 292
6 Plus financing of military
sales contracts by U.S.
Government (5) (line A39) 3,221 2,906 2,617
7 By long-term credits 124 239 439
8 By short-term credits (1) 0 0 0
9 By grants (1) 3,098 2,667 2,178
10 Less transfers of goods and
services (including transfers
financed by grants for
military purchases, and by
credits) (1 2) (table 1,
line 5) 15,780 19,538 17,112
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 -2 -1 14
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 -1 -1 1
15 Other sales and miscellaneous
operations -1 0 13
Not seasonally adjusted
Line 2005
I II III
A1 U.S. Government grants and
transactions increasing
Government assets, total 10,072 6,591 8,147
By category
2 Grants, net 11,581 5,994 7,691
3 U.S. Government current grants,
net (table 1, line 36, with
sign reversed) 9,403 5,893 7,653
4 Financing military
purchases (1) 3,958 551 667
5 Other grants 5,445 5,342 6,986
6 Cash contributions received
from coalition partners for
Persian Gulf operations ... ... ...
7 Debt forgiveness (table 1, part
of line 39, with sign
reversed) 2,178 101 39
8 Credits and other long-term assets
(table 1, line 47, with sign
reversed) 519 708 518
9 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 363 355 294
10 Credits repayable in U.S.
dollars 156 353 222
11 Credits repayable in other than
U.S. dollars 0 0 2
12 Other long-term assets 0 0 0
13 Foreign currency hokiings and
short-term assets, net
(table 1, line 49 with sign
reversed) -2,027 -111 -62
14 Foreign currency holdings
(excluding administrative
cash holdings), net 0 0 2
Receipts from:
15 Sales of agricultural
commodities 0 0 0
16 Interest 0 0 0
17 Repayments of principal 0 0 2
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 -2,017 -86 -78
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 -10 -25 15
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 363 355 294
28 Under Agricultural Trade
Development and Assistance Act
and related programs 370 368 267
29 Under Foreign Assistance Act and
related programs 8,927 5,457 7,046
30 Under Export-Import Bank Act 131 79 175
31 Under Commodity Credit Corporation
Charter Act 2 4 5
32 Under other grant and credit
programs 289 352 345
33 Other foreign currency assets
acquired (lines At 6, A17, and
A19) 0 0 2
34 Less foreign currencies used by
U.S. Government other than for
grants or credits (line A22) 0 0 0
35 Other (incuding changes in
administrative cash holdings),
net -10 -25 15
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow from
the United States 7,386 3,816 4,795
37 Expenditures on U.S. goods 4,075 856 1,310
38 Expenditures on U.S. services (4) 2,202 2,150 2,822
39 Financing of military sales
contracts by U.S.
Government (5) (line C6) 944 630 662
40 By long-term credits 47 87 0
41 By short-term credits (1) 0 0 0
42 By grants (1) 897 543 662
43 U.S. Government grants and
credits to repay prior U.S.
Government credits (1 4) 2,182 156 76
44 U.S. Government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets 14 26 -63
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 2,031 1 11
47 Less foreign currencies used by
U.S. Government other than
for grants or credits (line
A22) 0 0 0
48 Estimated dollar payments to
foreign countries and
international financial
institutions 2,686 2,775 3,352
B1 Repayments on U.S. Government
long-term assets, total (table
1, line 48) 1,083 1,586 1,957
2 Receipts of principal on U.S.
Government credits 1,083 1,586 1,957
3 Under Agricultural Trade
Development and Assistance
Act and related programs 54 140 168
4 Under Foreign Assistance Act
and related programs 404 273 358
5 Under Export-Import Bank Act 445 362 383
6 Under Commodity Credit
Corporation Charter Act 170 811 867
7 Under other credit programs 11 0 180
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) -698 120 440
2 Associated with military sales
contracts (2) -692 121 433
3 U.S. Government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of refunds (1) 3,749 4,450 5,369
4 Less U.S. Government receipts
from principal repayments 268 179 168
5 Less U.S. Treasury securities
issued in connection with
prepayments for military
purchases in the United
States 298 0 100
6 Plus financing of military
sales contracts by U.S.
Government (5) (line A39) 944 630 662
7 By long-term credits 47 87 0
8 By short-term credits (1) 0 0 0
9 By grants (1) 897 543 662
10 Less transfers of goods and
services (including transfers
financed by grants for
military purchases, and by
credits) (1 2) (table 1,
line 5) 4,819 4,780 5,330
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 -6 -1 7
13 Sales of nuclear material by
Department of Energy/U.S.
Enrichment Corporation (8) ... ... ...
14 Sales of space launch and other
services by National
Aeronautics and Space
Administration 0 0 0
15 Other sales and miscellaneous
operations -6 -1 7
Not seasonally adjusted
Line 2005 2006
IV I II
A1 U.S. Government grants and
transactions increasing
Government assets, total 10,633 8,400 8,094
By category
2 Grants, net 10,115 6,891 7,713
3 U.S. Government current grants,
net (table 1, line 36, with
sign reversed) 10,090 5,671 7,226
4 Financing military
purchases (1) 4,466 545 456
5 Other grants 5,625 5,126 6,770
6 Cash contributions received
from coalition partners for
Persian Gulf operations ... ... ...
7 Debt forgiveness (table 1, part
of line 39, with sign
reversed) 24 1,220 487
8 Credits and other long-term assets
(table 1, line 47, with sign
reversed) 509 1,517 376
9 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 252 1,302 162
10 Credits repayable in U.S.
dollars 257 215 214
11 Credits repayable in other than
U.S. dollars 0 0 0
12 Other long-term assets 0 0 0
13 Foreign currency hokiings and
short-term assets, net
(table 1, line 49 with sign
reversed) 9 -8 6
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 -2 7 9
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 11 -16 -3
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 252 1,302 162
28 Under Agricultural Trade
Development and Assistance Act
and related programs 464 400 413
29 Under Foreign Assistance Act and
related programs 9,455 5,223 6,727
30 Under Export-Import Bank Act 61 1,201 398
31 Under Commodity Credit Corporation
Charter Act -6 3 2
32 Under other grant and credit
programs 397 287 396
33 Other foreign currency assets
acquired (lines At 6, A17, and
A19) 0 0 0
34 Less foreign currencies used by
U.S. Government other than for
grants or credits (line A22) 0 0 0
35 Other (incuding changes in
administrative cash holdings),
net 11 -16 -3
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow from
the United States 7,791 4,835 4,734
37 Expenditures on U.S. goods 4,823 870 997
38 Expenditures on U.S. services (4) 2,230 2,074 2,663
39 Financing of military sales
contracts by U.S.
Government (5) (line C6) 670 582 557
40 By long-term credits 105 58 112
41 By short-term credits (1) 0 0 0
42 By grants (1) 565 524 445
43 U.S. Government grants and
credits to repay prior U.S.
Government credits (1 4) 68 1,302 508
44 U.S. Government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets 8 10 10
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 9 3 1
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 2,842 3,565 3,361
B1 Repayments on U.S. Government
long-term assets, total (table
1, line 48) 977 2,558 2,147
2 Receipts of principal on U.S.
Government credits 977 2,558 2,147
3 Under Agricultural Trade
Development and Assistance
Act and related programs 267 145 148
4 Under Foreign Assistance Act
and related programs 237 556 473
5 Under Export-Import Bank Act 318 1,791 1,451
6 Under Commodity Credit
Corporation Charter Act 71 59 75
7 Under other credit programs 84 7 (*)
8 Receipts on other long-term assets (*) 0 0
C1 U.S. Government liabilities other
than securities, total, net
increase (+) (table 1, line 60) -283 26 824
2 Associated with military sales
contracts (2) -282 30 825
3 U.S. Government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of refunds (1) 3,868 4,502 4,771
4 Less U.S. Government receipts
from principal repayments 210 231 315
5 Less U.S. Treasury securities
issued in connection with
prepayments for military
purchases in the United
States 0 292 0
6 Plus financing of military
sales contracts by U.S.
Government (5) (line A39) 670 582 557
7 By long-term credits 105 58 112
8 By short-term credits (1) 0 0 0
9 By grants (1) 565 524 445
10 Less transfers of goods and
services (including transfers
financed by grants for
military purchases, and by
credits) (1 2) (table 1,
line 5) 4,609 4,531 4,188
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 -1 -3 -1
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
Not seasonally adjusted
Line 2006 2007
III IV I (p)
A1 U.S. Government grants and
transactions increasing
Government assets, total 8,343 6,998 10,700
By category
2 Grants, net 7,743 6,505 10,102
3 U.S. Government current grants,
net (table 1, line 36, with
sign reversed) 7,741 6,504 10,101
4 Financing military
purchases (1) 659 1,126 3,573
5 Other grants 7,082 5,377 6,529
6 Cash contributions received
from coalition partners for
Persian Gulf operations ... ... ...
7 Debt forgiveness (table 1, part
of line 39, with sign
reversed) 2 2 0
8 Credits and other long-term assets
(table 1, line 47, with sign
reversed) 592 507 529
9 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 336 224 284
10 Credits repayable in U.S.
dollars 256 284 245
11 Credits repayable in other than
U.S. dollars 0 0 0
12 Other long-term assets 0 0 0
13 Foreign currency hokiings and
short-term assets, net
(table 1, line 49 with sign
reversed) 8 -15 69
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 7 27 4
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 1 -42 65
By program
27 Capital subscriptions and
contributions to international
financial institutions,
excluding IMF 336 224 284
28 Under Agricultural Trade
Development and Assistance Act
and related programs 301 270 306
29 Under Foreign Assistance Act and
related programs 7,318 6,095 9,575
30 Under Export-Import Bank Act 51 41 18
31 Under Commodity Credit Corporation
Charter Act 0 2 100
32 Under other grant and credit
programs 336 409 353
33 Other foreign currency assets
acquired (lines At 6, A17, and
A19) 0 0 0
34 Less foreign currencies used by
U.S. Government other than for
grants or credits (line A22) 0 0 0
35 Other (incuding changes in
administrative cash holdings),
net 1 -42 65
By disposition (3)
36 Estimated transactions involving
no direct dollar outflow from
the United States 4,701 4,207 7,112
37 Expenditures on U.S. goods 1,092 1,347 3,943
38 Expenditures on U.S. services (4) 2,822 2,080 2,575
39 Financing of military sales
contracts by U.S.
Government (5) (line C6) 756 722 548
40 By long-term credits 103 166 51
41 By short-term credits (1) 0 0 0
42 By grants (1) 653 556 497
43 U.S. Government grants and
credits to repay prior U.S.
Government credits (1 4) 24 31 42
44 U.S. Government long- and
short-term credits to repay
prior U.S. private credits
(6) and other assets 11 32 8
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 3 4 4
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 3,642 2,791 3,588
B1 Repayments on U.S. Government
long-term assets, total (table
1, line 48) 2,170 1,454 1,064
2 Receipts of principal on U.S.
Government credits 2,170 1,453 1,064
3 Under Agricultural Trade
Development and Assistance
Act and related programs 140 261 136
4 Under Foreign Assistance Act
and related programs 364 365 503
5 Under Export-Import Bank Act 311 231 276
6 Under Commodity Credit
Corporation Charter Act 1,118 597 148
7 Under other credit programs 237 (*) (*)
8 Receipts on other long-term assets 0 (*) 0
C1 U.S. Government liabilities other
than securities, total, net
increase (+) (table 1, line 60) 1,154 1,129 467
2 Associated with military sales
contracts (2) 1,145 1,120 457
3 U.S. Government cash receipts
from foreign governments
(including principal
repayments on credits
financing military sales
contracts), net of refunds (1) 4,682 4,881 5,151
4 Less U.S. Government receipts
from principal repayments 192 191 303
5 Less U.S. Treasury securities
issued in connection with
prepayments for military
purchases in the United
States 0 0 497
6 Plus financing of military
sales contracts by U.S.
Government (5) (line A39) 756 722 548
7 By long-term credits 103 166 51
8 By short-term credits (1) 0 0 0
9 By grants (1) 653 556 497
10 Less transfers of goods and
services (including transfers
financed by grants for
military purchases, and by
credits) (1 2) (table 1,
line 5) 4,102 4,291 4,442
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 9 9 10
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 9 9 10
See the footnotes on pages 108-109.
Table 6. Direct Investment: Income, Capital, Royalties and License
Fees, and Other Private Services
[Millions of dollars]
Line (Credits +;debits -) (1) 2004 2005 2006
U.S. direct Investment abroad:
1 Income (table 1, line 14) 239,008 269,346 310,224
2 Earnings 232,598 263,178 304,476
3 Distributed earnings 66,938 283,580 84,382
4 Reinvested earnings 165,660 -20,401 220,093
5 Reinvested earnings
without current-cost
adjustment 144,541 -40,475 201,349
6 Current-cost adjustment 21,119 20,074 18,744
7 Interest 6,410 6,168 5,748
8 U.S. parents' receipts 9,174 9,673 9,908
9 U.S. parents' payments -2,765 -3,505 -4,159
10 Income without current-cost
adjustment 217,889 249,272 291,480
11 Manufacturing 46,577 49,137 59,243
12 Wholesale trade 23,808 25,943 29,271
13 Finance (including
depository institutions)
and insurance 26,890 30,072 31,791
14 Holding companies, except
bank holding companies 72,382 85,918 100,387
15 Other 48,232 58,202 70,788
16 Earnings without current-
cost adjustment (line 2
less line 6) 211,479 243,104 285,732
17 Manufacturing 45,335 47,600 57,640
18 Wholesale trade 23,362 25,479 28,802
19 Finance (including
depository institutions)
and insurance 27,046 30,408 32,285
20 Holding companies, except
bank holding companies 70,692 84,620 99,309
21 Other 45,045 54,998 67,696
22 Interest 6,410 6,168 5,748
23 Manufacturing 1,242 1,537 1,603
24 Wholesale trade 446 464 469
25 Finance (including
depository institutions)
and insurance (1) -155 -336 -493
26 Holding companies, except
bank holding companies 1,690 1,298 1,078
27 Other 3,187 3,204 3,092
28 Capital (table 1, line 51) -279,086 7,662 -235,358
29 Equity capital -109,991 -43,443 -30,247
30 Increases in equity
capital -160,746 -76,757 -76,234
31 Decreases in equity
capital 50,754 33,315 45,987
32 Reinvested earnings (line 4
with sign reversed) -165,660 20,401 -220,093
33 Intercompany debt -3,435 30,704 14,983
34 U.S. parents' receivables -29,484 24,359 -6,368
35 U.S. parents' payables 26,049 6,345 21,351
36 Capital without current-cost
adjustment -257,967 27,736 -216,614
37 Manufacturing -58,028 -36,638 -60,022
38 Wholesale trade -14,744 -15,518 -22,703
39 Finance (including
depository institutions)
and insurance -38,160 -11,577 -20,633
40 Holding companies, except
bank holding companies -113,677 132,169 -73,929
41 Other -33,358 -40,701 -39,328
42 Equity capital -109,991 43,443 -30,247
43 Manufacturing -23,025 -19,030 -15,354
44 Wholesale trade -1,301 -1,172 -1,141
45 Finance (including
depository institutions)
and insurance -21,613 -7,218 -8,675
46 Holding companies, except
bank holding companies -61,199 -4,309 -10,054
47 Other -2,853 -11,714 4,977
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) -144,541 40,475 -201,349
49 Manufacturing -32,117 -13,460 -44,841
50 Wholesale trade -16,561 -11,280 -23,104
51 Finance (including
depository institutions)
and insurance -17,468 -10,853 -19,149
52 Holding companies, except
bank holding companies -49,609 105,597 -72,194
53 Other -28,787 -29,529 -42,061
54 Intercompany debt 3,435 30,704 14,983
55 Manufacturing -2,887 4,148 174
56 Wholesale trade 3,119 3,066 1,542
57 Finance (including
depository institutions)
and insurance (2) 921 6,494 7,191
58 Holding companies, except
bank holding companes -2,869 30,881 8,320
59 Other -1,719 543 -2,244
60 Royalties and license fees,
net 34,554 36,703 37,079
61 U.S. parents' receipts
(table 1, part of line 9) 37,174 39,758 39,340
62 U.S. parents' payments
(table 1, part of line 26) -2,620 3,055 -2,260
63 Other private services, net 5,904 6,873 6,524
64 U.S. parents' receipts
(table 1, part of line
10) 27,309 29,850 32,551
65 U.S. parents' payments
(table 1, part of line
27) -21,405 -22,977 -26,026
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -99,600 -116,834 -136,010
67 Earnings -85,662 -102,108 -117,237
68 Distributed earnings -36,287 -54,382 -46,618
69 Reinvested earnings -49,375 -47,726 -70,620
70 Reinvested earnings
without current-cost
adjustment -39,389 -39,755 -65,434
71 Current-cost adjustment -9,986 -7,971 -5,186
72 Interest -13,938 -14,726 -18,773
73 U.S. affiliates' paymants -16,234 -16,388 -23,185
74 U.S. affiliates' receipts 2,296 3,662 4,412
75 Income without current-cost
adjustment -89,614 -108,863 -130,824
76 Manufacturing -34,631 -47,934 -54,319
77 Wholesale trade -25,624 -26,965 -28,218
78 Finance (including
depository institutions)
and insurance -11,129 -9,529 -18,601
79 Other -18,230 -24,435 -29,686
80 Earnings without current-
cost adjustment (line
67 less line 71) -75,676 -94,137 -112,051
81 Manufacturing -26,852 -39,869 -45,311
82 Wholesale trade -25,263 -26,523 -27,246
83 Finance (including
depository institutions)
and insurance -10,458 4,766 -17,196
84 Other -13,103 -18,980 -22,299
85 Interest -13,938 -14,726 -18,773
86 Manufacturing -7,779 -8,066 -9,009
87 Wholesale trade -361 -442 -972
88 Finance (including
depository institutions)
and insurance -671 -763 -1,405
89 Other 4,127 4,455 -7,388
90 Capital (table 1, line 64) 145,812 108,996 180,580
91 Equity capital.: 92,905 56,559 97,980
92 Increases in equity
capital 125,900 89,007 126,225
93 Decreases in equity
capital -32,994 -32,449 -28,245
94 Reinvested earnings (line
69 with sign reversed) 49,375 47,726 70,620
95 Intercompany debt 3,532 4,712 11,980
96 U.S. affiliates' payables 28,528 17,801 21,071
97 U.S. affiliates'
receivables -24,996 -13,090 -9,091
98 Capital without current-cost
adjustment 135,826 101,025 175,394
99 Manufacturing 21,005 52,911 65,804
100 Wholesale trade 26,613 15,673 21,011
101 Finance (including
depository institutions)
and insurance 49,503 16,740 46,367
102 Other 38,705 15,701 42,212
103 Equity capital 92,905 56,559 97,980
104 Manufacturing 15,530 20,923 45,264
105 Wholesale trade 6,249 3,039 7,228
106 Finance (including
depository institutions)
and insurance 41,064 20,237 28,988
107 Other 30,063 12,360 16,500
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 39,389 39,755 65,434
109 Manufacturing 20,524 17,715 24,992
110 Wholesale trade 4,985 8,009 13,239
111 Finance (including
depository institutions)
and insurance 4,779 696 9,479
112 Other 9,100 13,334 17,724
113 Intercompany debt 3,532 4,712 11,980
114 Manufacturing -15,049 14,273 4,452
115 Wholesale trade 15,379 4,625 544
116 Finance (including
depository institutions)
and insurance (2) 3,660 -4,193 7,900
117 Other 458 -9,993 7,988
118 Royalties and license fees,
net -11,586 -13,195 -13,566
119 U.S. affiliates' payments
(table 1, part of line
26) -15,261 -17,318 -18,703
120 U.S. affiliates' receipts
(table 1, part of line 9) 3,675 4,123 5,137
121 Other private services, net 5,178 3,389 2,913
122 U.S. affiliates' payments
(table 1, part of line
27) -12,457 -16,870 -22,175
123 U.S. affiliates' receipts
(table 1, part of line
10) 17,634 20,259 25,088
Not seasonally
adjusted
Line (Credits +;debits -) (1) 2005
I II
U.S. direct Investment abroad:
1 Income (table 1, line 14) 62,495 66,735
2 Earnings 60,947 65,212
3 Distributed earnings 28,018 36,934
4 Reinvested earnings 32,930 28,278
5 Reinvested earnings
without current-cost
adjustment 27,775 23,210
6 Current-cost adjustment 5,155 5,068
7 Interest 1,547 1,524
8 U.S. parents' receipts 2,377 2,358
9 U.S. parents' payments -830 -835
10 Income without current-cost
adjustment 57,340 61,667
11 Manufacturing 11,073 13,370
12 Wholesale trade 5,811 6,761
13 Finance (including
depository institutions)
and insurance 7,514 7,654
14 Holding companies, except
bank holding companies 20,450 20,573
15 Other 12,492 13,309
16 Earnings without current-
cost adjustment (line 2
less line 6) 55,792 60,144
17 Manufacturing 10,736 12,984
18 Wholesale trade 5,699 6,646
19 Finance (including
depository institutions)
and insurance 7,647 7,726
20 Holding companies, except
bank holding companies 19,997 20,287
21 Other 11,714 12,502
22 Interest 1,547 1,524
23 Manufacturing 337 386
24 Wholesale trade 113 115
25 Finance (including
depository institutions)
and insurance (1) -133 -72
26 Holding companies, except
bank holding companies 453 286
27 Other 778 807
28 Capital (table 1, line 51) -27,721 -44,029
29 Equity capital -11,080 -12,891
30 Increases in equity
capital -18,400 -17,727
31 Decreases in equity
capital 7,320 4,837
32 Reinvested earnings (line 4
with sign reversed) -32,930 -28,278
33 Intercompany debt 16,289 -2,861
34 U.S. parents' receivables 8,337 1,236
35 U.S. parents' payables 7,952 -4,096
36 Capital without current-cost
adjustment -22,566 -38,961
37 Manufacturing -14,170 -15,212
38 Wholesale trade -4,037 -3,877
39 Finance (including
depository institutions)
and insurance -551 -19,384
40 Holding companies, except
bank holding companies 4,433 8,383
41 Other -8,242 -8,872
42 Equity capital -11,080 -12,891
43 Manufacturing -7,162 -6,673
44 Wholesale trade -599 -135
45 Finance (including
depository institutions)
and insurance -4,171 -1,023
46 Holding companies, except
bank holding companies -233 -407
47 Other 1,085 -4,653
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) -27,775 -23,210
49 Manufacturing -6,986 -8,666
50 Wholesale trade -3,911 -4,061
51 Finance (including
depository institutions)
and insurance -5,338 -4,966
52 Holding companies, except
bank holding companies -2,577 -703
53 Other -8,962 -4,813
54 Intercompany debt 16,289 -2,861
55 Manufacturing -21 127
56 Wholesale trade 474 320
57 Finance (including
depository institutions)
and insurance (2) 8,958 -13,395
58 Holding companies, except
bank holding companes 7,243 9,494
59 Other -364 593
60 Royalties and license fees,
net 9,044 9,038
61 U.S. parents' receipts
(table 1, part of line 9) 9,780 9,792
62 U.S. parents' payments
(table 1, part of line 26) -736 -755
63 Other private services, net 1,783 1,447
64 U.S. parents' receipts
(table 1, part of line
10) 7,183 7,081
65 U.S. parents' payments
(table 1, part of line
27) -5,400 -5,634
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -27,769 -29,643
67 Earnings -24,553 -26,215
68 Distributed earnings -13,954 -3,939
69 Reinvested earnings -10,599 -22,276
70 Reinvested earnings
without current-cost
adjustment 4,355 -20,187
71 Current-cost adjustment -2,244 -2,089
72 Interest -3,216 -3,427
73 U.S. affiliates' paymants 4,029 -4,269
74 U.S. affiliates' receipts 814 841
75 Income without current-cost
adjustment -25,525 -27,554
76 Manufacturing -10,454 -11,457
77 Wholesale trade 4,526 -6,324
78 Finance (including
depository institutions)
and insurance -4,763 -2,948
79 Other -3,781 -6,825
80 Earnings without current-
cost adjustment (line
67 less line 71) -22,309 -24,126
81 Manufacturing -8,745 -9,631
82 Wholesale trade -6,444 -6,254
83 Finance (including
depository institutions)
and insurance -4,588 -2,763
84 Other -2,532 -5,479
85 Interest -3,216 -3,427
86 Manufacturing -1,709 -1,826
87 Wholesale trade -82 -70
88 Finance (including
depository institutions)
and insurance -175 -185
89 Other -1,250 -1,345
90 Capital (table 1, line 64) 34,630 -4,003
91 Equity capital.: 18,383 -254
92 Increases in equity
capital 22,825 14,573
93 Decreases in equity
capital -4,443 -14,827
94 Reinvested earnings (line
69 with sign reversed) 10,599 22,276
95 Intercompany debt 5,648 -26,025
96 U.S. affiliates' payables 2,952 -10,700
97 U.S. affiliates'
receivables 2,696 -15,326
98 Capital without current-cost
adjustment 32,386 -6,092
99 Manufacturing 9,730 2,436
100 Wholesale trade 186 3,636
101 Finance (including
depository institutions)
and insurance 11,583 2,515
102 Other 10,887 -14,679
103 Equity capital 18,383 -254
104 Manufacturing 3,247 3,888
105 Wholesale trade 32 1,129
106 Finance (including
depository institutions)
and insurance 6,328 2,620
107 Other 8,775 -7,890
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 8,355 20,187
109 Manufacturing 2,283 8,779
110 Wholesale trade 1,299 5,667
111 Finance (including
depository institutions)
and insurance 3,431 1,637
112 Other 1,341 4,104
113 Intercompany debt 5,648 -26,025
114 Manufacturing 4,200 -10,231
115 Wholesale trade -1,146 -3,159
116 Finance (including
depository institutions)
and insurance (2) 1,824 -1,742
117 Other 771 -10,894
118 Royalties and license fees,
net -3,100 -3,089
119 U.S. affiliates' payments
(table 1, part of line
26) -3,829 -3,947
120 U.S. affiliates' receipts
(table 1, part of line 9) 730 858
121 Other private services, net 1,064 598
122 U.S. affiliates' payments
(table 1, part of line
27) -3,455 -3,920
123 U.S. affiliates' receipts
(table 1, part of line
10) 4,518 4,518
Not seasonally
adjusted
Line (Credits +;debits -) (1) 2005
III IV
U.S. direct Investment abroad:
1 Income (table 1, line 14) 68,210 71,906
2 Earnings 66,625 70,395
3 Distributed earnings 87,639 130,989
4 Reinvested earnings -21,014 -60,595
5 Reinvested earnings
without current-cost
adjustment -25,987 -65,473
6 Current-cost adjustment 4,973 4,878
7 Interest 1,586 1,511
8 U.S. parents' receipts 2,454 2,484
9 U.S. parents' payments -869 -972
10 Income without current-cost
adjustment 63,237 67,028
11 Manufacturing 12,615 12,079
12 Wholesale trade 5,942 7,428
13 Finance (including
depository institutions)
and insurance 7,390 7,514
14 Holding companies, except
bank holding companies 21,628 23,267
15 Other 15,661 16,740
16 Earnings without current-
cost adjustment (line 2
less line 6) 61,652 65,517
17 Manufacturing 12,199 11,681
18 Wholesale trade 5,842 7,293
19 Finance (including
depository institutions)
and insurance 7,444 7,591
20 Holding companies, except
bank holding companies 21,325 23,012
21 Other 14,842 15,940
22 Interest 1,586 1,511
23 Manufacturing 417 398
24 Wholesale trade 100 136
25 Finance (including
depository institutions)
and insurance (1) -54 -78
26 Holding companies, except
bank holding companies 303 255
27 Other 819 800
28 Capital (table 1, line 51) 20,584 58,828
29 Equity capital -2,546 -16,926
30 Increases in equity
capital -12,250 -28,380
31 Decreases in equity
capital 9,704 11,454
32 Reinvested earnings (line 4
with sign reversed) 21,014 60,595
33 Intercompany debt 2,116 15,159
34 U.S. parents' receivables 1,051 13,735
35 U.S. parents' payables 1,065 1,424
36 Capital without current-cost
adjustment 25,557 63,706
37 Manufacturing -2,213 -5,043
38 Wholesale trade -7,244 -360
39 Finance (including
depository institutions)
and insurance -1,293 9,650
40 Holding companies, except
bank holding companies 49,589 69,764
41 Other -13,282 -10,305
42 Equity capital -2,546 -16,926
43 Manufacturing -263 -4,931
44 Wholesale trade -68 -370
45 Finance (including
depository institutions)
and insurance -1,972 -53
46 Holding companies, except
bank holding companies -340 -3,329
47 Other 98 -8,244
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) 25,987 65,473
49 Manufacturing -768 2,960
50 Wholesale trade -3,015 -292
51 Finance (including
depository institutions)
and insurance -3,700 3,151
52 Holding companies, except
bank holding companies 44,050 64,827
53 Other -10,580 -5,174
54 Intercompany debt 2,116 15,159
55 Manufacturing -1,182 -3,073
56 Wholesale trade -4,162 302
57 Finance (including
depository institutions)
and insurance (2) 4,380 6,552
58 Holding companies, except
bank holding companes 5,879 8,265
59 Other -2,800 3,113
60 Royalties and license fees,
net 9,073 9,548
61 U.S. parents' receipts
(table 1, part of line 9) 9,861 10,325
62 U.S. parents' payments
(table 1, part of line 26) -788 -777
63 Other private services, net 1,397 2,246
64 U.S. parents' receipts
(table 1, part of line
10) 7,033 8,552
65 U.S. parents' payments
(table 1, part of line
27) -5,636 -6,306
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -25,341 -34,082
67 Earnings -21,573 -29,766
68 Distributed earnings -19,474 -17,015
69 Reinvested earnings -2,099 -12,751
70 Reinvested earnings
without current-cost
adjustment -186 -11,026
71 Current-cost adjustment -1,913 -1,725
72 Interest 4,767 -4,316
73 U.S. affiliates' paymants 4,664 -5,427
74 U.S. affiliates' receipts 896 1,111
75 Income without current-cost
adjustment -23,428 -32,357
76 Manufacturing -12,721 -13,302
77 Wholesale trade -5,756 -8,359
78 Finance (including
depository institutions)
and insurance 1,163 -2,980
79 Other 4,113 -7,716
80 Earnings without current-
cost adjustment (line
67 less line 71) -19,660 -28,041
81 Manufacturing -10,561 -10,932
82 Wholesale trade -5,691 -6,135
83 Finance (including
depository institutions)
and insurance 1,360 -2,775
84 Other -4,769 -6,200
85 Interest -3,767 -4,316
86 Manufacturing -2,161 -2,370
87 Wholesale trade -66 -224
88 Finance (including
depository institutions)
and insurance -197 -205
89 Other -1,344 -1,516
90 Capital (table 1, line 64) 43,666 34,703
91 Equity capital.: 19,363 19,067
92 Increases in equity
capital 21,900 29,708
93 Decreases in equity
capital -2,538 -10,641
94 Reinvested earnings (line
69 with sign reversed) 2,099 12,751
95 Intercompany debt 22,204 2,885
96 U.S. affiliates' payables 24,649 900
97 U.S. affiliates'
receivables -2,445 1,985
98 Capital without current-cost
adjustment 41,753 32,978
99 Manufacturing 19,846 20,898
100 Wholesale trade 6,868 4,983
101 Finance (including
depository institutions)
and insurance 2,188 454
102 Other 12,851 6,643
103 Equity capital 19,363 19,067
104 Manufacturing 6,897 6,891
105 Wholesale trade 1,006 872
106 Finance (including
depository institutions)
and insurance 5,274 6,016
107 Other 6,186 5,289
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 186 11,026
109 Manufacturing 843 5,809
110 Wholesale trade -2,326 3,369
111 Finance (including
depository institutions)
and insurance -2,130 -2,242
112 Other 3,799 4,090
113 Intercompany debt 22,204 2,885
114 Manufacturing 12,106 8,198
115 Wholesale trade 8,188 742
116 Finance (including
depository institutions)
and insurance (2) -955 -3,320
117 Other 2,865 -2,735
118 Royalties and license fees,
net -3,796 -3,211
119 U.S. affiliates' payments
(table 1, part of line
26) -4,534 -5,007
120 U.S. affiliates' receipts
(table 1, part of line 9) 739 1,796
121 Other private services, net 610 1,117
122 U.S. affiliates' payments
(table 1, part of line
27) -4,163 -5,332
123 U.S. affiliates' receipts
(table 1, part of line
10) 4,773 6,449
Not seasonally adjusted
Line (Credits +;debits -) (1) 2006
I II III
U.S. direct Investment abroad:
1 Income (table 1, line 14) 72,512 79,156 77,783
2 Earnings 71,124 77,631 76,294
3 Distributed earnings 15,572 25,756 14,299
4 Reinvested earnings 55,553 51,876 61,995
5 Reinvested earnings
without current-cost
adjustment 50,786 47,179 57,344
6 Current-cost adjustment 4,767 4,697 4,651
7 Interest 1,387 1,525 1,489
8 U.S. parents' receipts 2,305 2,487 2,498
9 U.S. parents' payments -918 -963 -1,010
10 Income without current-cost
adjustment 67,745 74,459 73,132
11 Manufacturing 13,100 15,533 15,341
12 Wholesale trade 6,319 7,995 6,609
13 Finance (including
depository institutions)
and insurance 8,206 7,927 6,166
14 Holding companies, except
bank holding companies 24,025 24,615 25,235
15 Other 16,094 18,388 17,780
16 Earnings without current-
cost adjustment (line 2
less line 6) 66,357 72,934 71,643
17 Manufacturing 12,740 15,121 14,903
18 Wholesale trade 6,205 7,857 6,503
19 Finance (including
depository institutions)
and insurance 8,287 8,022 8,275
20 Holding companies, except
bank holding companies 23,732 24,310 24,969
21 Other 15,393 17,624 16,992
22 Interest 1,387 1,525 1,489
23 Manufacturing 360 412 437
24 Wholesale trade 114 138 106
25 Finance (including
depository institutions)
and insurance (1) -81 -95 -108
26 Holding companies, except
bank holding companies 293 306 265
27 Other 701 764 788
28 Capital (table 1, line 51) -72,911 -53,386 -52,540
29 Equity capital -12,589 -2,916 -4,662
30 Increases in equity
capital -17,337 -12,462 -15,082
31 Decreases in equity
capital 4,748 9,546 10,421
32 Reinvested earnings (line 4
with sign reversed) -55,553 -51,876 -61,995
33 Intercompany debt -4,769 1,405 14,116
34 U.S. parents' receivables -9,870 -7,601 8,704
35 U.S. parents' payables 5,101 9,006 5,412
36 Capital without current-cost
adjustment -68,144 -48,689 -47,889
37 Manufacturing -8,834 -11,633 -13,984
38 Wholesale trade -7,786 -3,003 -4,633
39 Finance (including
depository institutions)
and insurance -10,207 -14,146 1,876
40 Holding companies, except
bank holding companies -27,996 -14,793 -17,362
41 Other -13,320 -5,115 -13,787
42 Equity capital -12,589 -2,916 -4,662
43 Manufacturing -255 19 -3,058
44 Wholesale trade 90 -263 57
45 Finance (including
depository institutions)
and insurance -4,947 -5,134 429
46 Holding companies, except
bank holding companies -6,768 274 -2,090
47 Other -708 2,188 0
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) -50,786 -47,179 -57,344
49 Manufacturing -9,191 -12,560 -11,893
50 Wholesale trade -5,296 -6,576 -5,552
51 Finance (including
depository institutions)
and insurance -5,161 -3,897 -6,013
52 Holding companies, except
bank holding companies -20,018 -17,117 -20,094
53 Other -11,119 -7,029 -13,791
54 Intercompany debt -4,769 1,405 14,116
55 Manufacturing 612 908 967
56 Wholesale trade -2,580 3,837 862
57 Finance (including
depository institutions)
and insurance (2) -99 -5,114 7,460
58 Holding companies, except
bank holding companes -1,210 2,050 4,822
59 Other -1,492 -275 4
60 Royalties and license fees,
net 8,593 9,256 9,211
61 U.S. parents' receipts
(table 1, part of line 9) 9,156 9,807 9,764
62 U.S. parents' payments
(table 1, part of line 26) -563 -552 -553
63 Other private services, net 1,582 1,283 1,464
64 U.S. parents' receipts
(table 1, part of line
10) 7,521 7,878 7,791
65 U.S. parents' payments
(table 1, part of line
27) -5,938 -6,594 -6,327
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -31,021 -34,113 -38,318
67 Earnings -27,105 -29,944 -33,046
68 Distributed earnings -4,905 -5,911 -9,272
69 Reinvested earnings -22,200 -24,033 -23,774
70 Reinvested earnings
without current-cost
adjustment -20,736 -22,716 -22,551
71 Current-cost adjustment -1,464 -1,317 -1,223
72 Interest -3,917 -4,169 -5,272
73 U.S. affiliates' paymants -4,895 -5,312 -6,491
74 U.S. affiliates' receipts 978 1,144 1,220
75 Income without current-cost
adjustment -29,557 -32,796 -37,095
76 Manufacturing -11,309 -12,980 -14,658
77 Wholesale trade -7,088 -6,918 -7,899
78 Finance (including
depository institutions)
and insurance -4,124 -5,940 -6,277
79 Other -7,037 -6,958 -8,260
80 Earnings without current-
cost adjustment (line
67 less line 71) -25,641 -28,627 -31,823
81 Manufacturing -9,427 -11,207 -12,032
82 Wholesale trade -6,830 -6,671 -7,645
83 Finance (including
depository institutions)
and insurance -3,901 -5,556 -5,908
84 Other -5,483 -5,193 -6,239
85 Interest -3,917 -4,169 -5,272
86 Manufacturing -1,882 -1,772 -2,626
87 Wholesale trade -258 -247 -255
88 Finance (including
depository institutions)
and insurance -223 -385 369
89 Other -1,554 -1,765 -2,021
90 Capital (table 1, line 64) 42,913 50,438 45,089
91 Equity capital.: 26,715 21,170 13,539
92 Increases in equity
capital 36,976 25,973 22,592
93 Decreases in equity
capital -10,261 -4,803 -9,054
94 Reinvested earnings (line
69 with sign reversed) 22,200 24,033 23,774
95 Intercompany debt -6,002 5,235 7,776
96 U.S. affiliates' payables 4,974 21,784 10,661
97 U.S. affiliates'
receivables -10,975 -16,549 -2,885
98 Capital without current-cost
adjustment 41,449 49,121 43,866
99 Manufacturing 15,710 15,552 24,890
100 Wholesale trade 11,141 6,540 -426
101 Finance (including
depository institutions)
and insurance 15,535 10,043 9,789
102 Other -937 16,987 9,613
103 Equity capital 26,715 21,170 13,539
104 Manufacturing 11,392 9,591 3,777
105 Wholesale trade 6,433 1,303 -3,254
106 Finance (including
depository institutions)
and insurance 7,663 5,678 4,670
107 Other 1,227 4,597 8,346
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 20,736 22,716 22,551
109 Manufacturing 6,609 9,213 10,194
110 Wholesale trade 6,642 6,228 3,274
111 Finance (including
depository institutions)
and insurance 2,860 2,801 4,169
112 Other 4,625 4,474 4,915
113 Intercompany debt -6,002 5,235 7,776
114 Manufacturing -2,291 -3,252 10,919
115 Wholesale trade -1,934 -992 -446
116 Finance (including
depository institutions)
and insurance (2) 5,012 1,563 950
117 Other -6,788 7,916 -3,647
118 Royalties and license fees,
net 3,123 -3,006 -2,953
119 U.S. affiliates' payments
(table 1, part of line
26) -4,134 -4,262 -4,258
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,012 1,256 1,305
121 Other private services, net 23 947 592
122 U.S. affiliates' payments
(table 1, part of line
27) -5,612 -5,240 -5,276
123 U.S. affiliates' receipts
(table 1, part of line
10) 5,635 6,187 5,869
Not seasonally
adjusted
Line (Credits +;debits -) (1) 2006 2007
IV I (p)
U.S. direct Investment abroad:
1 Income (table 1, line 14) 80,774 80,404
2 Earnings 79,426 79,017
3 Distributed earnings 28,756 15,024
4 Reinvested earnings 50,670 63,993
5 Reinvested earnings
without current-cost
adjustment 46,041 59,322
6 Current-cost adjustment 4,629 4,671
7 Interest 1,348 1,387
8 U.S. parents' receipts 2,617 2,527
9 U.S. parents' payments -1,269 -1,140
10 Income without current-cost
adjustment 76,145 75,733
11 Manufacturing 15,269 16,437
12 Wholesale trade 8,347 7,496
13 Finance (including
depository institutions)
and insurance 7,492 8,050
14 Holding companies, except
bank holding companies 26,511 25,847
15 Other 18,526 17,903
16 Earnings without current-
cost adjustment (line 2
less line 6) 74,797 74,346
17 Manufacturing 14,876 16,044
18 Wholesale trade 8,237 7,396
19 Finance (including
depository institutions)
and insurance 7,700 8,190
20 Holding companies, except
bank holding companies 26,297 25,595
21 Other 17,687 17,120
22 Interest 1,348 1,387
23 Manufacturing 393 393
24 Wholesale trade 111 99
25 Finance (including
depository institutions)
and insurance (1) -209 -140
26 Holding companies, except
bank holding companies 214 252
27 Other 839 782
28 Capital (table 1, line 51) -56,521 -81,789
29 Equity capital -10,081 -26,637
30 Increases in equity
capital -31,353 -30,614
31 Decreases in equity
capital 21,272 3,978
32 Reinvested earnings (line 4
with sign reversed) -50,670 -63,993
33 Intercompany debt 4,230 8,840
34 U.S. parents' receivables 2,399 4,570
35 U.S. parents' payables 1,832 4,270
36 Capital without current-cost
adjustment -51,892 -77,118
37 Manufacturing -25,571 -15,564
38 Wholesale trade -7,281 -6,116
39 Finance (including
depository institutions)
and insurance 1,845 -15,247
40 Holding companies, except
bank holding companies -13,778 -27,255
41 Other -7,106 -12,937
42 Equity capital -10,081 -26,637
43 Manufacturing -12,060 -6,325
44 Wholesale trade -1,025 -506
45 Finance (including
depository institutions)
and insurance 978 -10,093
46 Holding companies, except
bank holding companies -1,471 -4,963
47 Other 3,497 -4,750
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) 46,041 -59,322
49 Manufacturing -11,197 -13,378
50 Wholesale trade -5,679 -6,647
51 Finance (including
depository institutions)
and insurance -4,078 4,062
52 Holding companies, except
bank holding companies -14,965 -21,437
53 Other -10,122 -13,796
54 Intercompany debt 4,230 8,840
55 Manufacturing -2,313 4,139
56 Wholesale trade -577 1,037
57 Finance (including
depository institutions)
and insurance (2) 4,945 -1,092
58 Holding companies, except
bank holding companes 2,658 -855
59 Other -462 5,612
60 Royalties and license fees,
net 10,019 9,003
61 U.S. parents' receipts
(table 1, part of line 9) 10,613 9,618
62 U.S. parents' payments
(table 1, part of line 26) -593 -615
63 Other private services, net 2,195 1,967
64 U.S. parents' receipts
(table 1, part of line
10) 9,361 8,651
65 U.S. parents' payments
(table 1, part of line
27) -7,167 -6,684
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -32,558 -29,808
67 Earnings -27,142 -24,678
68 Distributed earnings -26,529 -5,374
69 Reinvested earnings -612 -19,305
70 Reinvested earnings
without current-cost
adjustment 570 -18,022
71 Current-cost adjustment -1,182 -1,283
72 Interest -5,416 -5,130
73 U.S. affiliates' paymants -6,487 -6,190
74 U.S. affiliates' receipts 1,071 1,060
75 Income without current-cost
adjustment -31,376 -28,525
76 Manufacturing -15,373 -14,441
77 Wholesale trade -6,312 3,272
78 Finance (including
depository institutions)
and insurance -2,259 -4,199
79 Other -7,432 -6,614
80 Earnings without current-
cost adjustment (line
67 less line 71) -25,960 -23,395
81 Manufacturing -12,645 -11,623
82 Wholesale trade 3,100 -3,017
83 Finance (including
depository institutions)
and insurance -1,832 -3,771
84 Other -5,384 -4,985
85 Interest -5,416 -5,130
86 Manufacturing -2,728 -2,818
87 Wholesale trade -213 -255
88 Finance (including
depository institutions)
and insurance -428 -428
89 Other -2,048 -1,629
90 Capital (table 1, line 64) 42,139 24,217
91 Equity capital.: 36,556 24,089
92 Increases in equity
capital 40,684 32,641
93 Decreases in equity
capital -4,128 -8,553
94 Reinvested earnings (line
69 with sign reversed) 612 19,305
95 Intercompany debt 4,971 -19,176
96 U.S. affiliates' payables -16,347 4,197
97 U.S. affiliates'
receivables 21,318 -23,373
98 Capital without current-cost
adjustment 40,957 22,934
99 Manufacturing 9,652 15,748
100 Wholesale trade 3,756 6,600
101 Finance (including
depository institutions)
and insurance 11,000 -2,353
102 Other 16,549 2,940
103 Equity capital 36,556 24,089
104 Manufacturing 20,503 10,977
105 Wholesale trade 2,745 3,712
106 Finance (including
depository institutions)
and insurance 10,977 3,755
107 Other 2,331 5,645
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) -570 18,022
109 Manufacturing -1,023 9,164
110 Wholesale trade -2,905 2,913
111 Finance (including
depository institutions)
and insurance 352 2,016
112 Other 3,710 3,928
113 Intercompany debt 4,971 -19,176
114 Manufacturing -9,828 -4,393
115 Wholesale trade 3,916 -25
116 Finance (including
depository institutions)
and insurance (2) 375 -8,124
117 Other 10,508 -6,633
118 Royalties and license fees,
net -4,484 -3,451
119 U.S. affiliates' payments
(table 1, part of line
26) -6,049 -4,513
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,565 1,063
121 Other private services, net 1,350 80
122 U.S. affiliates' payments
(table 1, part of line
27) -6,046 -5,918
123 U.S. affiliates' receipts
(table 1, part of line
10) 7,397 5,998
Seasonally adjusted
Line (Credits +;debits -) (1) 2005
I II III
U.S. direct Investment abroad:
1 Income (table 1, line 14) 63,145 65,397 68,945
2 Earnings 61,598 63,873 67,360
3 Distributed earnings 32,667 38,362 94,254
4 Reinvested earnings 28,931 25,511 -26,894
5 Reinvested earnings
without current-cost
adjustment 23,776 20,443 -31,867
6 Current-cost adjustment 5,155 5,068 4,973
7 Interest 1,547 1,524 1,586
8 U.S. parents' receipts 2,377 2,358 2,454
9 U.S. parents' payments -830 -835 -869
10 Income without current-cost
adjustment 57,990 60,329 63,972
11 Manufacturing 11,584 12,410 12,747
12 Wholesale trade 6,311 6,609 6,392
13 Finance (including
depository institutions)
and insurance 7,154 7,427 7,544
14 Holding companies, except
bank holding companies 20,450 20,573 21,628
15 Other 12,492 13,309 15,661
16 Earnings without current-
cost adjustment (line 2
less line 6) 56,443 58,805 62,387
17 Manufacturing 11,247 12,024 12,330
18 Wholesale trade 6,198 6,494 6,292
19 Finance (including
depository institutions)
and insurance 7,287 7,499 7,598
20 Holding companies, except
bank holding companies 19,997 20,287 21,325
21 Other 11,714 12,502 14,842
22 Interest 1,547 1,524 1,586
23 Manufacturing 337 386 417
24 Wholesale trade 113 115 100
25 Finance (including
depository institutions)
and insurance (1) -133 -72 -54
26 Holding companies, except
bank holding companies 453 286 303
27 Other 778 807 819
28 Capital (table 1, line 51) -23,722 -41,262 26,464
29 Equity capital -11,080 -12,891 -2,546
30 Increases in equity
capital -18,400 -17,727 -12,250
31 Decreases in equity
capital 7,320 4,837 9,704
32 Reinvested earnings (line 4
with sign reversed) -28,931 -25,511 26,894
33 Intercompany debt 16,289 -2,861 2,116
34 U.S. parents' receivables 8,337 1,236 1,051
35 U.S. parents' payables 7,952 -4,096 1,065
36 Capital without current-cost
adjustment -18,567 -36,194 31,437
37 Manufacturing -14,000 -13,118 -1,664
38 Wholesale trade -3,918 -3,031 -6,661
39 Finance (including
depository institutions)
and insurance 661 -18,249 -356
40 Holding companies, except
bank holding companies 5,696 8,569 51,251
41 Other -7,007 -10,367 -11,133
42 Equity capital -11,080 -12,891 -2,546
43 Manufacturing -7,162 -6,673 -263
44 Wholesale trade -599 -135 -68
45 Finance (including
depository institutions)
and insurance -4,171 -1,023 -1,972
46 Holding companies, except
bank holding companies -233 -407 -340
47 Other 1,085 -4,653 98
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) -23,776 -20,443 31,867
49 Manufacturing -6,816 -6,572 -219
50 Wholesale trade -3,793 -3,215 -2,431
51 Finance (including
depository institutions)
and insurance -4,126 -3,831 -2,764
52 Holding companies, except
bank holding companies -1,313 -517 45,712
53 Other -7,728 -6,307 -8,431
54 Intercompany debt 16,289 -2,861 2,116
55 Manufacturing -21 127 -1,182
56 Wholesale trade 474 320 -4,162
57 Finance (including
depository institutions)
and insurance (2) 8,958 -13,395 4,380
58 Holding companies, except
bank holding companes 7,243 9,494 5,879
59 Other -364 593 -2,800
60 Royalties and license fees,
net 9,283 9,034 9,313
61 U.S. parents' receipts
(table 1, part of line 9) 10,019 9,788 10,101
62 U.S. parents' payments
(table 1, part of line 26) -736 -755 -788
63 Other private services, net 1,887 1,635 1,557
64 U.S. parents' receipts
(table 1, part of line
10) 7,514 7,232 7,400
65 U.S. parents' payments
(table 1, part of line
27) -5,627 -5,598 -5,843
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -28,033 -28,573 -24,925
67 Earnings -24,817 -25,145 -21,158
68 Distributed earnings -14,863 -4,910 -21,005
69 Reinvested earnings -9,954 -20,235 -153
70 Reinvested earnings
without current-cost
adjustment -7,710 -18,146 1,760
71 Current-cost adjustment -2,244 -2,089 -1,913
72 Interest 3,216 -3,427 -3,767
73 U.S. affiliates' paymants -4,029 -4,269 -4,664
74 U.S. affiliates' receipts 814 841 896
75 Income without current-cost
adjustment -25,789 -26,484 -23,012
76 Manufacturing -10,702 -10,367 -12,269
77 Wholesale trade -6,526 -6,324 -5,756
78 Finance (including
depository institutions)
and insurance -4,780 -2,968 1,126
79 Other 3,781 -6,825 -6,113
80 Earnings without current-
cost adjustment (line
67 less line 71) -22,573 -23,056 -19,245
81 Manufacturing -8,993 -8,541 -10,108
82 Wholesale trade -6,444 -6,254 -5,691
83 Finance (including
depository institutions)
and insurance -4,604 -2,782 1,323
84 Other -2,532 -5,479 -4,769
85 Interest 3,216 -3,427 -3,767
86 Manufacturing -1,709 -1,826 -2,161
87 Wholesale trade -82 -70 -66
88 Finance (including
depository institutions)
and insurance -175 -185 -197
89 Other -1,250 -1,345 -1,344
90 Capital (table 1, line 64) 33,985 -6,044 41,720
91 Equity capital.: 18,383 -254 19,363
92 Increases in equity
capital 22,825 14,573 21,900
93 Decreases in equity
capital -4,443 -14,827 -2,538
94 Reinvested earnings (line
69 with sign reversed) 9,954 20,235 153
95 Intercompany debt 5,648 -26,025 22,204
96 U.S. affiliates' payables 2,952 -10,700 24,649
97 U.S. affiliates'
receivables 2,696 -15,326 -2,445
98 Capital without current-cost
adjustment 31,741 -8,133 39,807
99 Manufacturing 9,978 1,347 19,394
100 Wholesale trade 186 3,636 6,868
101 Finance (including
depository institutions)
and insurance 10,843 1,994 1,009
102 Other 10,734 -15,110 12,536
103 Equity capital 18,383 -254 19,363
104 Manufacturing 3,247 3,888 6,897
105 Wholesale trade 32 1,129 1,006
106 Finance (including
depository institutions)
and insurance 6,328 2620 5,274
107 Other 8,775 -7,890 6,186
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 7,710 18,146 -1,760
109 Manufacturing 2,531 7,690 391
110 Wholesale trade 1,299 5667 -2,326
111 Finance (including
depository institutions)
and insurance 2,692 1,116 -3,309
112 Other 1,188 3,674 3,485
113 Intercompany debt 5,648 -26,025 22,204
114 Manufacturing 4,200 -10,231 12,106
115 Wholesale trade -1,146 3,159 8,188
116 Finance (including
depository institutions)
and insurance (2) 1,824 -1,742 -955
117 Other 771 -10,894 2,865
118 Royalties and license fees,
net 3,155 -3,308 -3,599
119 U.S. affiliates' payments
(table 1, part of line
26) -4,157 -4,298 -4,409
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,002 990 809
121 Other private services, net 1,375 765 888
122 U.S. affiliates' payments
(table 1, part of line
27) -3,455 -3,920 -4,163
123 U.S. affiliates' receipts
(table 1, part of line
10) 4,830 4,685 5,052
Seasonally adjusted
Line (Credits +;debits -) (1) 2005 2006
IV I II
U.S. direct Investment abroad:
1 Income (table 1, line 14) 71,859 73,304 77,702
2 Earnings 70,348 71,916 76,177
3 Distributed earnings 118,297 22,772 23,944
4 Reinvested earnings -47,949 49,144 52,233
5 Reinvested earnings
without current-cost
adjustment -52,827 44,377 47,536
6 Current-cost adjustment 4,878 4,767 4,697
7 Interest 1,511 1,387 1,525
8 U.S. parents' receipts 2,484 2,305 2,487
9 U.S. parents' payments -972 -918 -963
10 Income without current-cost
adjustment 66,981 68,537 73,005
11 Manufacturing 12,397 13,690 14,381
12 Wholesale trade 6,631 6,871 7,831
13 Finance (including
depository institutions)
and insurance 7,946 7,857 7,790
14 Holding companies, except
bank holding companies 23,267 24,025 24,615
15 Other 16,740 16,094 18,388
16 Earnings without current-
cost adjustment (line 2
less line 6) 65,470 67,149 71,480
17 Manufacturing 11,999 13,330 13,969
18 Wholesale trade 6,495 6,756 7,693
19 Finance (including
depository institutions)
and insurance 8,024 7,938 7,885
20 Holding companies, except
bank holding companies 23,012 23,732 24,310
21 Other 15,940 15,393 17,624
22 Interest 1,511 1,387 1,525
23 Manufacturing 398 360 412
24 Wholesale trade 136 114 138
25 Finance (including
depository institutions)
and insurance (1) -78 -81 -95
26 Holding companies, except
bank holding companies 255 293 306
27 Other 800 701 764
28 Capital (table 1, line 51) 46,183 -66,502 -53,744
29 Equity capital -16,926 -12,589 -2,916
30 Increases in equity
capital -28,380 -17,337 -12,462
31 Decreases in equity
capital 11,454 4,748 9,546
32 Reinvested earnings (line 4
with sign reversed) 47,949 -49,144 -52,233
33 Intercompany debt 15,159 4,769 1,405
34 U.S. parents' receivables 13,735 -9,870 -7,601
35 U.S. parents' payables 1,424 5,101 9,006
36 Capital without current-cost
adjustment 51,061 -61,735 49,047
37 Manufacturing -7,856 -8,721 -9,958
38 Wholesale trade -1,908 -8,035 -2,392
39 Finance (including
depository institutions)
and insurance 6,367 -9,249 -13,338
40 Holding companies, except
bank holding companies 66,652 -25,075 -15,093
41 Other -12,195 -10,656 -8,266
42 Equity capital -16,926 -12,589 -2,916
43 Manufacturing -4,931 -255 19
44 Wholesale trade -370 90 -263
45 Finance (including
depository institutions)
and insurance -53 -4,947 -5,134
46 Holding companies, except
bank holding companies -3,329 -6,768 274
47 Other -8,244 -708 2,188
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) 52,827 -44,377 -47,536
49 Manufacturing 148 -9,077 -10,885
50 Wholesale trade -1,840 -5,545 -5,966
51 Finance (including
depository institutions)
and insurance -132 -4,202 -3,089
52 Holding companies, except
bank holding companies 61,716 -17,097 -17,417
53 Other -7,064 -8,456 -10,180
54 Intercompany debt 15,159 -4,769 1,405
55 Manufacturing -3,073 612 908
56 Wholesale trade 302 -2,580 3,837
57 Finance (including
depository institutions)
and insurance (2) 6,552 -99 -5,114
58 Holding companies, except
bank holding companes 8,265 -1,210 2,050
59 Other 3,113 -1,492 -275
60 Royalties and license fees,
net 9,073 8,834 9,257
61 U.S. parents' receipts
(table 1, part of line 9) 9,850 9,396 9,809
62 U.S. parents' payments
(table 1, part of line 26) -777 -563 -552
63 Other private services, net 1,794 1,677 1,536
64 U.S. parents' receipts
(table 1, part of line
10) 7,703 7,839 8,065
65 U.S. parents' payments
(table 1, part of line
27) -5,909 -6,162 -6,529
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -35,303 -31,299 -33,055
67 Earnings -30,988 -27,382 -28,886
68 Distributed earnings -13,604 -5,120 -6,235
69 Reinvested earnings -17,383 -22,262 -22,650
70 Reinvested earnings
without current-cost
adjustment -15,658 -20,798 -21,333
71 Current-cost adjustment -1,725 -1,464 -1,317
72 Interest -4,316 -3,917 -4,169
73 U.S. affiliates' paymants -5,427 -4,895 -5,312
74 U.S. affiliates' receipts 1,111 978 1,144
75 Income without current-cost
adjustment -33,578 -29,835 -31,737
76 Manufacturing -14,597 -11,586 -11,921
77 Wholesale trade -8,359 -7,088 -6,918
78 Finance (including
depository institutions)
and insurance -2,907 -4,124 -5,940
79 Other -7,716 -7,037 -6,958
80 Earnings without current-
cost adjustment (line
67 less line 71) -29,263 -25,918 -27,569
81 Manufacturing -12,226 -9,705 -10,149
82 Wholesale trade -8,135 -6,830 -6,671
83 Finance (including
depository institutions)
and insurance -2,702 3,901 -5,556
84 Other -6,200 -5,483 -5,193
85 Interest -4,316 -3,917 -4,169
86 Manufacturing -2,370 -1,882 -1,772
87 Wholesale trade -224 -258 -247
88 Finance (including
depository institutions)
and insurance -205 -223 -385
89 Other -1,516 -1,554 -1,765
90 Capital (table 1, line 64) 39,335 42,976 49,056
91 Equity capital.: 19,067 26,715 21,170
92 Increases in equity
capital 29,708 36,976 25,973
93 Decreases in equity
capital -10,641 -10,261 -4,803
94 Reinvested earnings (line
69 with sign reversed) 17,383 22,262 22,650
95 Intercompany debt 2,885 -6,002 5,235
96 U.S. affiliates' payables 900 4,974 21,784
97 U.S. affiliates'
receivables 1,985 -10,975 -16,549
98 Capital without current-cost
adjustment 37,610 41,512 47,739
99 Manufacturing 22,192 15,988 14,494
100 Wholesale trade 4,983 11,141 6,540
101 Finance (including
depository institutions)
and insurance 2,894 15,411 10,046
102 Other 7,541 -1,027 16,660
103 Equity capital 19,067 26,715 21,170
104 Manufacturing 6,891 11,392 9,591
105 Wholesale trade 872 6,433 1,303
106 Finance (including
depository institutions)
and insurance 6,016 7,663 5,678
107 Other 5,289 1,227 4,597
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 15,658 20,798 21,333
109 Manufacturing 7,104 6886 8,154
110 Wholesale trade 3,369 6,642 6,228
111 Finance (including
depository institutions)
and insurance 198 2,735 2,804
112 Other 4,988 4,534 4,147
113 Intercompany debt 2,885 -6,002 5,235
114 Manufacturing 8,198 -2,291 3,252
115 Wholesale trade 742 -1,934 -992
116 Finance (including
depository institutions)
and insurance (2) -3,320 2,012 1,563
117 Other -2,735 -6,788 7,916
118 Royalties and license fees,
net -3,133 -3,186 -3,361
119 U.S. affiliates' payments
(table 1, part of line
26) -4,454 -4,503 -4,660
120 U.S. affiliates' receipts
(table 1, part of line 9) 1321 1,318 1,299
121 Other private services, net 361 367 1,133
122 U.S. affiliates' payments
(table 1, part of line
27) -5,332 -5,612 -5,240
123 U.S. affiliates' receipts
(table 1, part of line
10) 5,693 5,980 6,373
Seasonally adjusted
Line (Credits +;debits -) (1) 2006 2007
III IV I (p)
U.S. direct Investment abroad:
1 Income (table 1, line 14) 78,372 80,846 81,466
2 Earnings 76,884 79,499 80,079
3 Distributed earnings 18,412 19,255 22,411
4 Reinvested earnings 58,472 60,244 57,667
5 Reinvested earnings
without current-cost
adjustment 53,821 55,615 52,996
6 Current-cost adjustment 4,651 4,629 4,671
7 Interest 1,489 1,348 1,387
8 U.S. parents' receipts 2,498 2,617 2,527
9 U.S. parents' payments -1,010 -1,269 -1,140
10 Income without current-cost
adjustment 73,721 76,217 76,795
11 Manufacturing 15,417 15,755 17,164
12 Wholesale trade 7,091 7,478 8,122
13 Finance (including
depository institutions)
and insurance 8,198 7,947 7,759
14 Holding companies, except
bank holding companies 25,235 26,511 25,847
15 Other 17,780 18,526 17,903
16 Earnings without current-
cost adjustment (line 2
less line 6) 72,233 74,870 75,408
17 Manufacturing 14,980 15,361 16,771
18 Wholesale trade 6,985 7,368 8,022
19 Finance (including
depository institutions)
and insurance 8,306 8,156 7,899
20 Holding companies, except
bank holding companies 24,969 26,297 25,595
21 Other 16,992 17,687 17,120
22 Interest 1,489 1,348 1,387
23 Manufacturing 437 393 393
24 Wholesale trade 106 111 99
25 Finance (including
depository institutions)
and insurance (1) -108 -209 -140
26 Holding companies, except
bank holding companies 265 214 252
27 Other 788 839 782
28 Capital (table 1, line 51) -49,018 -66,094 -75,464
29 Equity capital -4,662 -10,081 -26,637
30 Increases in equity
capital -15,082 -31,353 -30,614
31 Decreases in equity
capital 10,421 21,272 3,978
32 Reinvested earnings (line 4
with sign reversed) -58,472 -60,244 -57,667
33 Intercompany debt 14,116 4,230 8,840
34 U.S. parents' receivables 8,704 2,399 4,570
35 U.S. parents' payables 5,412 1,832 4,270
36 Capital without current-cost
adjustment -44,367 -61,465 -70,793
37 Manufacturing -13,988 -27,355 -15,587
38 Wholesale trade -4,642 -7,634 -6,477
39 Finance (including
depository institutions)
and insurance 2,265 -311 -13,644
40 Holding companies, except
bank holding companies -16,538 -17,223 -24,119
41 Other -11,464 -8,941 -10,966
42 Equity capital -4,662 -10,081 -26,637
43 Manufacturing -3,058 -12,060 -6,325
44 Wholesale trade 57 -1,025 -506
45 Finance (including
depository institutions)
and insurance 429 978 -10,093
46 Holding companies, except
bank holding companies -2,090 -1,471 -4,963
47 Other 0 3,497 -4,750
48 Reinvested earnings without
current-cost adjustment
(line 5 with sign
reversed) -53,821 -55,615 -52,996
49 Manufacturing -11,898 -12,981 -13,400
50 Wholesale trade -5,561 -6,033 -7,008
51 Finance (including
depository institutions)
and insurance -5,624 -6,234 -2,459
52 Holding companies, except
bank holding companies -19,270 -18,410 -18,301
53 Other -11,469 -11,957 -11,828
54 Intercompany debt 14,116 4,230 8,840
55 Manufacturing 967 -2,313 4,139
56 Wholesale trade 862 -577 1,037
57 Finance (including
depository institutions)
and insurance (2) 7,460 4,945 -1,092
58 Holding companies, except
bank holding companes 4,822 2,658 -855
59 Other 4 -482 5,612
60 Royalties and license fees,
net 9,436 9,552 9,565
61 U.S. parents' receipts
(table 1, part of line 9) 9,989 10,145 10,180
62 U.S. parents' payments
(table 1, part of line 26) -553 -593 -615
63 Other private services, net 1,621 1,690 1,791
64 U.S. parents' receipts
(table 1, part of line
10) 8,214 8,433 8,702
65 U.S. parents' payments
(table 1, part of line
27) -6,593 -6,743 -6,911
Foreign direct investment in
the United States:
66 Income (table 1, line 31) -37,885 -33,772 -30,153
67 Earnings 32,613 -28,356 -25,023
68 Distributed earnings -10,949 -24,313 -6,470
69 Reinvested earnings -21,664 -4,043 -18,554
70 Reinvested earnings
without current-cost
adjustment -20,441 -2,861 -17,271
71 Current-cost adjustment -1,223 -1,182 -1,283
72 Interest -5,272 -5,416 -5,130
73 U.S. affiliates' paymants -6,491 -6,487 -6,190
74 U.S. affiliates' receipts 1,220 1,071 1,060
75 Income without current-cost
adjustment -36,662 32,590 -28,870
76 Manufacturing -14,225 -16,587 -14,786
77 Wholesale trade -7,899 -6,312 -3,272
78 Finance (including
depository institutions)
and insurance -6,277 -2,259 -4,199
79 Other -8,260 -7,432 -6,614
80 Earnings without current-
cost adjustment (line
67 less line 71) 31,390 -27,174 -23,740
81 Manufacturing -11,599 -13,858 -11,966
82 Wholesale trade -7,645 3,100 -3,017
83 Finance (including
depository institutions)
and insurance -5,908 -1,832 -3,771
84 Other -6,239 -5,384 -4,985
85 Interest -5,272 -5,416 -5,130
86 Manufacturing -2,626 -2,728 -2,818
87 Wholesale trade -255 -213 -255
88 Finance (including
depository institutions)
and insurance -369 -428 -428
89 Other -2,021 -2,048 -1,629
90 Capital (table 1, line 64) 42,979 45,570 23,466
91 Equity capital.: 13,539 36,556 24,089
92 Increases in equity
capital 22,592 40,684 32,641
93 Decreases in equity
capital -9,054 -4,128 -8,553
94 Reinvested earnings (line
69 with sign reversed) 21,664 4,043 18,554
95 Intercompany debt 7,776 4,971 -19,176
96 U.S. affiliates' payables 10,661 -16,347 4,197
97 U.S. affiliates'
receivables -2,885 21,318 -23,373
98 Capital without current-cost
adjustment 41,756 44,388 22,183
99 Manufacturing 24,457 10,866 16,093
100 Wholesale trade -426 3,756 6,600
101 Finance (including
depository institutions)
and insurance 8,468 12,443 -3,257
102 Other 9,257 17,323 2,747
103 Equity capital 13,539 36,556 24,089
104 Manufacturing 3,777 20,503 10,977
105 Wholesale trade -3,254 2,745 3,712
106 Finance (including
depository institutions)
and insurance 4,670 10,977 3,755
107 Other 8,346 2,331 5,645
108 Reinvested earnings without
current-cost adjustment
(line 70 with sign
reversed) 20,441 2,861 17,271
109 Manufacturing 9,761 191 9,509
110 Wholesale trade 3,274 -2,905 2,913
111 Finance (including
depository institutions)
and insurance 2,848 1,091 1,112
112 Other 4,559 4,483 3,736
113 Intercompany debt 7,776 4,971 -19,176
114 Manufacturing 10,919 -9,828 -4,393
115 Wholesale trade -446 3,916 -25
116 Finance (including
depository institutions)
and insurance (2) 950 375 -8,124
117 Other -3,647 10,508 -6,633
118 Royalties and license fees,
net -3,383 -3,636 -3,658
119 U.S. affiliates' payments
(table 1, part of line
26) -4,663 -4,877 -4,918
120 U.S. affiliates' receipts
(table 1, part of line 9) 1,280 1,241 1,260
121 Other private services, net 962 449 720
122 U.S. affiliates' payments
(table 1, part of line
27) -5,276 -6,046 -5,918
123 U.S. affiliates' receipts
(table 1, part of line
10) 6,239 6,496 6,638
See the footnote on pages 108-109.
Table 7. Transactions in Long-Term Securities
[Millions of dollars]
Line (Credits +; debits -) 2004 2005 2006
A1 Foreign securities, net
purchases (-) or net
sales (+) by U.S.
residents (table 1,
line 52 or lines 4 + 18
below) -146,549 -197,098 -289,422
2 Stocks, gross purchases
by U.S. residents 1,749,287 2,383,377 3,838,823
3 Stocks, gross sales by
U.S. residents 1,664,531 2,240,776 3,700,285
4 Stocks, net purchases
by U.S. residents -84,756 -142,601 -138,538
5 New issues in the
United States (1) -372 n.a. n.a.
6 Transactions in
outstanding
stocks, net -84,384 n.a. n.a.
Net purchases by U.S.
residents, by area:
7 Europe -58,679 -55,155 -90,993
8 Of which:
United Kingdom -42,599 -33,782 -65,271
9 Canada -13,450 -4,551 -7,573
10 Caribbean
financial
centers (2) 522 -2,511 21,464
11 Latin America,
excluding
Caribbean
financial
centers 2,097 -6,438 -7,806
12 Asia -38,455 -67,370 -44,842
13 Of which: Japan -33,055 -39,859 -1,910
14 Africa -22 -1,857 -2,799
15 Other 23,231 -4,719 -5,989
16 Bonds, gross purchases
by U.S. residents 1,520,981 1,514,539 2,023,867
17 Bonds, gross sales by
U.S. residents 1,459,188 1,460,042 1,872,983
18 Bonds, net purchases
by U.S. residents -61,793 -54,497 -150,884
19 New issues in the
United States (1) -15,664 n.a. n.a.
20 Transactions in
outstanding
bonds, net -46,129 n.a. n.a.
Net purchases by
U.S. residents,
by area:
21 Europe -71,512 -45,778 -147,701
22 Of which:
United Kingdom -64,926 -22,276 -101,619
23 Canada -4,816 -1,461 -11,306
24 Caribbean
financial
centers (2) -947 -2,811 -5,723
25 Latin America,
excluding
Caribbean
financial
centers -3,155 -17,087 -7,868
26 Asia 24,087 21,802 23,827
27 Of which: Japan 12,545 7,014 4,053
28 Africa 1,634 183 496
29 Other -7,083 -9,345 -2,609
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) 381,493 450,386 591,951
2 Stocks, gross purchases
by foreign residents 3,883,241 4,723,119 6,874,124
3 Stocks, gross sales by
foreign residents 3,823,692 4,634,815 6,731,367
4 Stocks, net purchases
by foreign residents 59,549 88,304 142,757
Net purchases by
foreign residents,
by area:
5 Europe 35,338 43,981 94,193
6 Of which:
United Kingdom 28,864 24,212 74,808
7 Canada 3,878 20,983 12,776
8 Caribbean
financial
centers (2) 3,094 14,775 34,312
9 Latin America,
excluding
Caribbean
financial
centers -416 -388 1,900
10 Asia 5,477 8,719 -1,131
11 Of which: Japan 4,874 -59 -789
12 Africa -86 266 62
13 Other 12,264 -32 645
14 Corporate bonds, gross
purchases by foreign
residents 1,154,846 1,248,173 1,624,812
15 Corporate bonds, gross
sales by foreign
residents 900,282 935,859 1,212,552
16 Corporate bonds, net
purchases by foreign
residents 254,564 312,314 412,260
17 New issues sold
abroad by U.S.
corporations (1) 84,876 n.a. n.a.
18 Transactions in
outstanding
bonds, net 169,688 n.a. n.a.
Net purchases by
foreign residents,
by area:
19 Europe 126,343 199,811 242,051
20 Of which:
United Kingdom 69,599 144,715 192,415
21 Canada 6,006 1,918 7,899
22 Caribbean financal
centers (2) 47,057 40,195 91,134
23 Latin America,
excluding
Caribbean
financial
centers 20,183 7,279 9,321
24 Asia 51,855 54,369 53,918
25 Of which: Japan 33,453 25,605 12,263
26 Africa 558 626 203
27 Other 2,562 8,116 7,734
28 Federally sponsored
agency bonds, gross
purchases by foreign
residents 1,099,859 972,943 1,341,992
29 Federally sponsored
agency bonds, gross
sales by foreign
residents 1,032,479 923,175 1,305,058
30 Federally sponsored
agency bonds, net
purchases by foreign
residents 67,380 49,768 36,934
31 New issues sold
abroad by
federally
sponsored
agencies (1) 55,637 n.a. n.a.
32 Transactions in
outstanding
bonds, net 11,743 n.a. n.a.
Net purchases by
foreign residents,
by area:
33 Europe: 13,305 -11,905 11,565
34 Of which:
United Kingdom 31,410 -1,318 13,614
35 Canada 4,990 12,134 9,602
36 Caribbean
financial
centers (2) 11,335 2,952 29,805
37 Latin America,
excluding
Caribbean
financial
centers 1,813 7,089 3,356
38 Asia 36,409 40,240 -17,709
39 Of which: Japan 16,462 15,630 -5,414
40 Africa -133 -320 -226
41 Other -339 -422 541
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) 74,092 147,904 -49,490
2 U.S. Treasury bonds and
notes, gross
purchases by foreign
residents 8,057,944 9,305,653 10,305,640
3 U.S. Treasury bonds
and notes, gross
sales by foreign
residents 7,983,852 9,157,749 10,355,130
Net purchases by
foreign residents,
by area:
4 Europe 38,170 65,183 -37,805
5 Canada 16,258 21,817 14,731
6 Caribbean financial
centers (2) 22,138 44,884 -10,645
7 Latin America,
excluding
Caribbean
financial centers -3,392 10,425 5,470
8 Asia 1,045 1,342 -20
9 Africa 679 1,718 1,092
10 Other -806 2,535 -2,078
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 4):
1 U.S. Treasury
marketable bonds and
notes (line B4) 256,821 156,859 214,133
2 Other U.S. Government
securities (line B6) 41,662 100,493 191,553
3 U.S. corporate and
other bonds (part of
line B16) 11,464 19,141 28,591
4 U.S. stocks (part of
line B16) 2,239 954 5,766
Not seasonally adjusted
Line (Credits +; debits -) 2005
II III IV
A1 Foreign securities, net
purchases (-) or net
sales (+) by U.S.
residents (table 1,
line 52 or lines 4 + 18
below) -49,258 -47,362 -48,887
2 Stocks, gross purchases
by U.S. residents 524,577 586,157 745,066
3 Stocks, gross sales by
U.S. residents 500,100 551,255 702,428
4 Stocks, net purchases
by U.S. residents -24,477 -34,902 -42,638
5 New issues in the
United States (1) n.a. n.a. n.a.
6 Transactions in
outstanding
stocks, net n.a. n.a. n.a.
Net purchases by U.S.
residents, by area:
7 Europe -11,967 -8,716 -12,868
8 Of which:
United Kingdom -4,633 -7,875 -3,788
9 Canada 933 886 -3,619
10 Caribbean
financial
centers (2) -5,534 2,429 3,505
11 Latin America,
excluding
Caribbean
financial
centers -485 -1,550 -4,103
12 Asia -6,664 -26,640 -23,019
13 Of which: Japan -836 -17,408 -17,185
14 Africa -327 -614 -857
15 Other -433 -697 -1,677
16 Bonds, gross purchases
by U.S. residents 401,101 365,696 379,914
17 Bonds, gross sales by
U.S. residents 376,320 353,236 373,665
18 Bonds, net purchases
by U.S. residents -24,781 -12,460 -6,249
19 New issues in the
United States (1) n.a. n.a. n.a.
20 Transactions in
outstanding
bonds, net n.a. n.a. n.a.
Net purchases by
U.S. residents,
by area:
21 Europe -30,690 -1,463 -1,378
22 Of which:
United Kingdom -24,342 9,826 1,753
23 Canada -611 -1,774 683
24 Caribbean
financial
centers (2) 8,882 -4,993 -5,894
25 Latin America,
excluding
Caribbean
financial
centers -5,509 -8,532 -1,475
26 Asia 7,970 5,316 3,334
27 Of which: Japan 5,387 1,745 397
28 Africa 31 193 19
29 Other -4,854 -1,207 -1,538
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) 107,694 141,900 125,161
2 Stocks, gross purchases
by foreign residents 1,168,662 1,187,906 1,301,639
3 Stocks, gross sales by
foreign residents 1,156,145 1,157,452 1,276,015
4 Stocks, net purchases
by foreign residents 12,517 30,454 25,624
Net purchases by
foreign residents,
by area:
5 Europe 9,304 11,739 13,359
6 Of which:
United Kingdom 7,071 4,847 6,420
7 Canada 965 10,796 5,716
8 Caribbean
financial
centers (2) -2,013 7,688 4,154
9 Latin America,
excluding
Caribbean
financial
centers -21 371 -451
10 Asia 4,811 -558 2,359
11 Of which: Japan 142 -1,258 1,184
12 Africa -47 72 -9
13 Other -482 346 496
14 Corporate bonds, gross
purchases by foreign
residents 321,347 307,162 311,865
15 Corporate bonds, gross
sales by foreign
residents 245,113 219,347 218,407
16 Corporate bonds, net
purchases by foreign
residents 76,234 87,815 93,458
17 New issues sold
abroad by U.S.
corporations (1) n.a. n.a. n.a.
18 Transactions in
outstanding
bonds, net n.a. n.a. n.a.
Net purchases by
foreign residents,
by area:
19 Europe 49,671 54,434 64,082
20 Of which:
United Kingdom 37,584 42,010 44,646
21 Canada -205 35 1,501
22 Caribbean financal
centers (2) 12,097 14,850 6,623
23 Latin America,
excluding
Caribbean
financial
centers 2,044 1,529 1,426
24 Asia 11,023 13,580 17,643
25 Of which: Japan 4,166 6,457 9,482
26 Africa 78 194 127
27 Other 1,526 3,193 2,056
28 Federally sponsored
agency bonds, gross
purchases by foreign
residents 227,575 256,121 267,515
29 Federally sponsored
agency bonds, gross
sales by foreign
residents 208,632 232,490 261,436
30 Federally sponsored
agency bonds, net
purchases by foreign
residents 18,943 23,631 6,079
31 New issues sold
abroad by
federally
sponsored
agencies (1) n.a. n.a. n.a.
32 Transactions in
outstanding
bonds, net n.a. n.a. n.a.
Net purchases by
foreign residents,
by area:
33 Europe: -2,172 3,294 -8,683
34 Of which:
United Kingdom -2,345 4,818 -6,409
35 Canada 3,087 2,506 3,826
36 Caribbean
financial
centers (2) 4,442 5,519 -5,597
37 Latin America,
excluding
Caribbean
financial
centers 505 310 1,411
38 Asia 12,953 12,260 15,260
39 Of which: Japan 8,666 2,873 9,755
40 Africa -46 85 -128
41 Other 174 -343 -10
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) -12,804 39,161 43,600
2 U.S. Treasury bonds and
notes, gross
purchases by foreign
residents 2,455,765 2,404,486 2,099,100
3 U.S. Treasury bonds
and notes, gross
sales by foreign
residents 2,468,569 2,365,325 2,055,500
Net purchases by
foreign residents,
by area:
4 Europe 8,356 20,789 33,436
5 Canada 5,602 4,271 6,016
6 Caribbean financial
centers (2) -36,669 811 11,300
7 Latin America,
excluding
Caribbean
financial centers 2,722 5,422 1,467
8 Asia 6,419 6,712 -10,362
9 Africa -321 785 404
10 Other 1,087 371 1,339
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 4):
1 U.S. Treasury
marketable bonds and
notes (line B4) 55,451 28,937 47,149
2 Other U.S. Government
securities (line B6) 18,905 25,993 32,654
3 U.S. corporate and
other bonds (part of
line B16) 4,515 5,608 5,957
4 U.S. stocks (part of
line B16) -235 1,289 337
Not seasonally adjusted
Line (Credits +; debits -) 2006
I II III
A1 Foreign securities, net
purchases (-) or net
sales (+) by U.S.
residents (table 1,
line 52 or lines 4 + 18
below) -57,693 -59,003 -55,496
2 Stocks, gross purchases
by U.S. residents 899,236 1,019,311 842,141
3 Stocks, gross sales by
U.S. residents 856,738 996,460 831,694
4 Stocks, net purchases
by U.S. residents -42,498 -22,851 -10,447
5 New issues in the
United States (1) n.a. n.a. n.a.
6 Transactions in
outstanding
stocks, net n.a. n.a. n.a.
Net purchases by U.S.
residents, by area:
7 Europe -12,239 -17,519 -11,260
8 Of which:
United Kingdom -9,061 -13,877 -14,168
9 Canada -3,747 -1,361 -1,188
10 Caribbean
financial
centers (2) 3,736 1,091 1,528
11 Latin America,
excluding
Caribbean
financial
centers -2,988 -1,440 156
12 Asia -24,644 -272 904
13 Of which: Japan -3,385 6,056 -241
14 Africa -948 -1,128 -263
15 Other -1,668 -2,222 -324
16 Bonds, gross purchases
by U.S. residents 476,355 486,154 456,051
17 Bonds, gross sales by
U.S. residents 461,160 450,002 411,002
18 Bonds, net purchases
by U.S. residents -15,195 -36,152 -45,049
19 New issues in the
United States (1) n.a. n.a. n.a.
20 Transactions in
outstanding
bonds, net n.a. n.a. n.a.
Net purchases by
U.S. residents,
by area:
21 Europe -9,689 -40,368 -44,555
22 Of which:
United Kingdom -13,821 -22,254 -32,584
23 Canada -3,816 -1,082 -4,492
24 Caribbean
financial
centers (2) 1,568 -1,296 -2,386
25 Latin America,
excluding
Caribbean
financial
centers -5,337 1,435 -450
26 Asia 1,736 6,446 4,896
27 Of which: Japan 71 2,014 2,044
28 Africa 59 -31 184,284
29 Other 284 -1,256 1,754
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) 173,213 145,750 140,243
2 Stocks, gross purchases
by foreign residents 1,564,082 1,809,496 1,678,452
3 Stocks, gross sales by
foreign residents 1,501,049 1,791,454 1,643,341
4 Stocks, net purchases
by foreign residents 63,033 18,042 35,111
Net purchases by
foreign residents,
by area:
5 Europe 42,360 16,783 27,586
6 Of which:
United Kingdom 26,973 14,896 22,212
7 Canada 4,392 2,919 2,261
8 Caribbean
financial
centers (2) 12,867 -3,410 784
9 Latin America,
excluding
Caribbean
financial
centers 1,064 746 -329
10 Asia 1,863 944 -2,533
11 Of which: Japan 694 843 -700
12 Africa 114 161 -94
13 Other 373 -101 406
14 Corporate bonds, gross
purchases by foreign
residents 377,086 392,457 376,818
15 Corporate bonds, gross
sales by foreign
residents 282,467 286,697 277,180
16 Corporate bonds, net
purchases by foreign
residents 94,619 105,760 99,638
17 New issues sold
abroad by U.S.
corporations (1) n.a. n.a. n.a.
18 Transactions in
outstanding
bonds, net n.a. n.a. n.a.
Net purchases by
foreign residents,
by area:
19 Europe 56,695 67,232 58,276
20 Of which:
United Kingdom 44,611 51,172 41,017
21 Canada 2,506 2,377 569
22 Caribbean financal
centers (2) 17,247 18,249 25,280
23 Latin America,
excluding
Caribbean
financial
centers 2,335 2,346 2,698
24 Asia 11,907 12,674 11,815
25 Of which: Japan 2,161 729 3,212
26 Africa 90 317 206
27 Other 3,839 2,565 794
28 Federally sponsored
agency bonds, gross
purchases by foreign
residents 329,985 351,970 312,962
29 Federally sponsored
agency bonds, gross
sales by foreign
residents 314,424 330,022 307,468
30 Federally sponsored
agency bonds, net
purchases by foreign
residents 15,561 21,948 5,494
31 New issues sold
abroad by
federally
sponsored
agencies (1) n.a. n.a. n.a.
32 Transactions in
outstanding
bonds, net n.a. n.a. n.a.
Net purchases by
foreign residents,
by area:
33 Europe: -145 14,841 -10,800
34 Of which:
United Kingdom -721 14,209 -10,952
35 Canada 2,951 1,616 1,921
36 Caribbean
financial
centers (2) 6,984 2,913 14,305
37 Latin America,
excluding
Caribbean
financial
centers 344 425 750
38 Asia 5,175 1,776 -589
39 Of which: Japan -2,274 2,375 1,538
40 Africa -11 4 -138
41 Other 263 373 45
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) -30,354 -16,878 -13,105
2 U.S. Treasury bonds and
notes, gross
purchases by foreign
residents 2,524,178 2,578,969 2,481,736
3 U.S. Treasury bonds
and notes, gross
sales by foreign
residents 2,554,532 2,595,847 2,494,841
Net purchases by
foreign residents,
by area:
4 Europe 2,813 -14,255 -27,640
5 Canada 4,799 5,482 7,659
6 Caribbean financial
centers (2) -14,335 5,365 -2,427
7 Latin America,
excluding
Caribbean
financial centers 2,492 -1,510 2,201
8 Asia -25,038 -12,005 6,771
9 Africa 459 178 434
10 Other -1,544 -133 -103
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 4):
1 U.S. Treasury
marketable bonds and
notes (line B4) 51,835 51,705 60,950
2 Other U.S. Government
securities (line B6) 47,214 41,364 55,226
3 U.S. corporate and
other bonds (part of
line B16) 8,623 6,133 5,745
4 U.S. stocks (part of
line B16) 1,876 5,745 1,149
Not seasonally adjusted
Line (Credits +; debits -) 2006 2007
IV I (p)
A1 Foreign securities, net
purchases (-) or net
sales (+) by U.S.
residents (table 1,
line 52 or lines 4 + 18
below) -117,230 -87,731
2 Stocks, gross purchases
by U.S. residents 1,078,135 1,190,735
3 Stocks, gross sales by
U.S. residents 1,015,393 1,147,220
4 Stocks, net purchases
by U.S. residents -62,742 -43,515
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 -49,975 -37,904
8 Of which:
United Kingdom -28,165 -27,387
9 Canada -1,277 -2,331
10 Caribbean
financial
centers (2) 15,109 5,355
11 Latin America,
excluding
Caribbean
financial
centers -3,534 2,497
12 Asia -20,830 -8,451
13 Of which: Japan -4,340 -4,137
14 Africa -460 376
15 Other -1,775 -3,057
16 Bonds, gross purchases
by U.S. residents 605,307 761,156
17 Bonds, gross sales by
U.S. residents 550,819 716,940
18 Bonds, net purchases
by U.S. residents -54,488 -44,216
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 -53,089 -44,169
22 Of which:
United Kingdom -32,960 -27,773
23 Canada -1,916 -1,937
24 Caribbean
financial
centers (2) -3,609 -2,789
25 Latin America,
excluding
Caribbean
financial
centers -3,516 -183
26 Asia 10,749 5,552
27 Of which: Japan -76 -1,398
28 Africa 284 70
29 Other -3,391 -760
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) 132,745 123,428
2 Stocks, gross purchases
by foreign residents 1,822,094 2,095,410
3 Stocks, gross sales by
foreign residents 1,795,523 2,046,344
4 Stocks, net purchases
by foreign residents 26,571 49,066
Net purchases by
foreign residents,
by area:
5 Europe 7,464 24,746
6 Of which:
United Kingdom 10,727 19,933
7 Canada 3,204 -29
8 Caribbean
financial
centers (2) 17,041 22,688
9 Latin America,
excluding
Caribbean
financial
centers 419 369
10 Asia -1,405 -148
11 Of which: Japan -1,626 -111
12 Africa -119 -97
13 Other -33 1,537
14 Corporate bonds, gross
purchases by foreign
residents 478,451 478,731
15 Corporate bonds, gross
sales by foreign
residents 366,208 376,647
16 Corporate bonds, net
purchases by foreign
residents 112,243 102,084
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 59,848 65,397
20 Of which:
United Kingdom 55,615 57,862
21 Canada 2,447 4,599
22 Caribbean financal
centers (2) 30,358 15,998
23 Latin America,
excluding
Caribbean
financial
centers 1,942 650
24 Asia 17,522 12,338
25 Of which: Japan 6,161 2,629
26 Africa -410 -4
27 Other 536 3,106
28 Federally sponsored
agency bonds, gross
purchases by foreign
residents 347,075 358,278
29 Federally sponsored
agency bonds, gross
sales by foreign
residents 353,144 386,000
30 Federally sponsored
agency bonds, net
purchases by foreign
residents -6,069 -27,722
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: 7,669 -5,034
34 Of which:
United Kingdom 11,078 641
35 Canada 3,114 1,682
36 Caribbean
financial
centers (2) 5,603 -5,521
37 Latin America,
excluding
Caribbean
financial
centers 1,837 605
38 Asia -24,071 -19,549
39 Of which: Japan -7,053 -10,233
40 Africa -81 53
41 Other -140 42
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) 10,847 40,831
2 U.S. Treasury bonds and
notes, gross
purchases by foreign
residents 2,720,757 3,210,701
3 U.S. Treasury bonds
and notes, gross
sales by foreign
residents 2,709,910 3,169,870
Net purchases by
foreign residents,
by area:
4 Europe 1,277 33,198
5 Canada -3,209 1,466
6 Caribbean financial
centers (2) 752 11,486
7 Latin America,
excluding
Caribbean
financial centers 2,287 5,822
8 Asia 10,017 -11,106
9 Africa 21 -410
10 Other -298 375
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 4):
1 U.S. Treasury
marketable bonds and
notes (line B4) 49,643 18,078
2 Other U.S. Government
securities (line B6) 47,749 66,056
3 U.S. corporate and
other bonds (part of
line B16) 8,090 10,621
4 U.S. stocks (part of
line B16) -3,004 1,048
See the footnotes on pages 108-109.