# INTRODUCTION: Capital Movements

### Background

Data relating to U.S. international transactions in financial
instruments and to other portfolio capital movements between the United
States and foreign countries have been collected in some form since
1935. This information is necessary for compiling the U.S. balance of
payments accounts, for calculating the U.S. international investment
position, and for use in formulating U.S. international financial and
monetary policies.

From the beginning, reporting under the Treasury data collection program
has been mandatory. Under the current Treasury International Capital
(TIC) reporting system, an assortment of monthly and quarterly reports
are filed with district Federal Reserve banks by commercial banks,
securities dealers, other financial institutions, and nonbanking
enterprises in the United States. These data are centrally processed and
maintained at the Federal Reserve Bank of New York, which, along with
the district banks, acts as fiscal agent for Treasury. Beginning in late
1998, the Federal Reserve Board also undertakes services on behalf of
Treasury in support of the TIC data collection system. The TIC reports
of individual respondents are treated as confidential, and access to the
respondent level data is strictly limited to specific staff of Treasury
and the Federal Reserve System.

Data derived from Treasury reports are published in the Capital
Movements section of this quarterly *Treasury* *Bulletin* and are posted
monthly on the TIC website, **http://www.ustreas.gov/tic**. (See
**NOTE** at the end of the INTRODUCTION text for additional website
information.) TIC data aggregates are also published in the *Federal
Reserve Bulletin* and are used in the U.S. international transactions
and investment position compilations published by the Department of
Commerce in the *Survey of Current Business.*

Forms and instructions are developed with the cooperation of other
Government agencies and the Federal Reserve System and in consultation
with representatives of banks, securities firms, and nonbanking
enterprises. Requests for public comments on proposed changes are
published in the *Federal* *Register*, and any further modifications are
based on the comments received. The most recent revisions to selected
reporting forms and instructions were effective June 30, 2006. The
reporting forms and instructions may be downloaded from the TIC website.
Copies of the reporting forms and instructions also may be obtained from
the Global Economics Group, Office of the Assistant Secretary for
International Affairs, Treasury, Washington, D.C. 20220; the
International Finance Division, Board of Governors of the Federal
Reserve System, Washington, D.C. 20551; or district Federal Reserve
banks.

### Basic definitions

The term "foreigner" as used in TIC reporting covers all institutions
and individuals resident outside the United States, including: U.S.
citizens domiciled abroad; the foreign branches, subsidiaries and
offices of U.S. banks and business concerns; the central governments,
central banks, and other official institutions of foreign countries,
wherever located; and international and regional organizations, wherever
located. The term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions to be acting
on behalf of foreigners.

In general, information is reported opposite the country or geographical
area where the foreigner is located, as shown on records of reporting
institutions. This information may not always reflect the ultimate
ownership of assets. Reporting institutions are not required to go
beyond addresses shown on their records and may not be aware of the
actual country of domicile of the ultimate beneficiary.

Transactions with branches or agencies of foreign official institutions,
wherever located, are reported opposite the country that has sovereignty
over the institutions. Transactions with international and regional
organizations are not reported opposite any single country, but are
accounted for in regional groupings of such organizations. Effective
beginning with data for June 2006, information pertaining to the Bank
for International Settlements is now included with data for
international organizations, and information for the European Central
Bank is distributed across the individual euro-area countries. For prior
dates, information for these organizations is included in "Other
Europe".

"Short-term" refers to obligations payable on demand or having an
original maturity of one year or less. "Long-term" refers to obligations
having an original maturity of more than one year and includes
securities having no maturity.

### Reporting coverage

TIC reports are required from banks and other depository institutions,
bank/financial holding companies (BHCs/FHCs), securities brokers and
dealers, and nonbanking concerns in the United States, including the
branches, agencies, subsidiaries, and other affiliates in the United
States of foreign banking and nonbanking firms. Institutions with total
reportable liabilities, claims, or securities transactions below
specified reporting thresholds are exempt from reporting.

Beginning in February 2003, substantial revisions to the coverage and
formats of the TIC B-series and C-series forms were introduced. The
reasons for the changes were to comply with new and expanded
international standards for reporting data on portfolio investment; to
reduce reporting burden; to clarify reporting concepts and instructions;
and to improve the quality of the series by closing known gaps in the
data.

Banks, other depository institutions, and securities brokers and dealers
file monthly B-series reports covering their dollar liabilities to and
dollar claims on foreigners in a number of countries. Quarterly reports
are filed for liabilities and claims denominated in foreign currencies
and for claims on foreigners held for respondents' domestic customers.
All positions are exclusive of long-term securities. Beginning January
2001, the exemption level applicable to the banking reports was raised
from \$15 million to \$50 million. This exemption level is also subject
to the provision that reportable amounts for any one country do not
exceed \$25 million.

Banks and other depository institutions, securities brokers and dealers,
and other entities report their transactions with foreigners by country
in long-term securities on monthly Form S. Respondents must report
securities transactions with foreigners if their aggregate purchases or
their aggregate sales amount to at least \$50 million during the covered
month.

TIC Form D is filed quarterly by all U.S. resident banks, securities
dealers, and other firms with worldwide holding of derivatives in their
own and in their customers' accounts exceeding \$100 billion in notional
value. Data from this information collection was first released on May
15, 2007, with data on holdings beginning from end-December 2005, and
data on net settlements beginning from the first quarter of 2006.

Quarterly reports are also filed by exporters, importers, industrial and
commercial concerns, financial institutions (other than banks, other
depository institutions, and securities firms), and other nonbanking
enterprises on their liabilities and claims positions with unaffiliated
foreigners. Separate reports are filed for financial balances and for
commercial balances. Effective for reports filed as of March 31, 2003,
the threshold applicable to Form CQ-1 for reporting financial
liabilities to, and claims on, foreigners is \$50 million, up from \$10
million. At the same time, the reporting threshold for Form CQ-2, which
covers commercial liabilities and claims positions with foreigners, was
raised from \$10 million to \$25 million.

Effective with the reports filed for June 2006, the country coverage of
the monthly TIC forms was expanded significantly and the semiannual
reports, which covered the smaller market economies, were discontinued.
Country coverage was also expanded for the quarterly banking forms, the
Form S, the Form D, and the Forms CQ-1 and CQ-2, effective with reports
filed for June 2006.

The data in these tables do not cover all types of reported capital
movements between the United States and other countries. Except as noted
in Section IV in "Description of statistics" below, the principal
exclusions are the intercompany capital transactions of nonbanking
business enterprises in the United States with their own branches and
subsidiaries abroad or with their foreign parent companies (own foreign
offices) and capital transactions of the U.S. Government. Consolidated
data on all types of international capital transactions are published by
the Department of Commerce in its regular reports on the U.S. balance of
payments.

### Description of statistics

Data collected on the TIC forms are published in the "Capital Movements"
tables in four sections. Each section contains all the data relevant to
the same statistical series, with tables showing time series by type and
country, and detailed breakdowns of the latest available data. The
expansion of the country coverage on the standard report forms allows
for publication of additional country detail for data beginning as of
June 2006. As a result, the former Capital Movements Section III, which
listed bank-reported claims and liabilities of selected countries from
the semiannual reports, has been discontinued.

-   **Section I** covers liabilities to foreigners reported by banks,
    other depository institutions, and securities brokers and dealers in
    the United States. BHCs/FHCs also report for all domestic nonbank,
    non-securities firm affiliates, other than their insurance
    affiliates, which report separately on the C-series forms.
    Dollar-denominated liabilities are reported monthly on Forms BL-1
    and BL-2. Liabilities denominated in foreign currencies are reported
    quarterly on Form BQ-2. Respondents report certain of their own
    liabilities and a wide range of their custody liabilities to
    foreigners. Effective with reports filed as of February 28, 2003,
    coverage was broadened to cover the positions of U.S. broker-dealer
    respondents with their affiliated foreign offices. (Depository
    institutions and BHCs/FHCs already reported such positions.) The
    scope of the reports was also extended to include cross‑border
    brokerage balances as well as offshore sweep accounts and loans to
    U.S. residents in "managed" foreign offices of U.S. reporting
    institutions. Additionally, in a new Part 2, Form BQ-2 was expanded
    to include the foreign currency-denominated liabilities held by
    respondents for their domestic customers. Further, banks' own
    positions have been defined to be consistent with regulatory reports
    such as the FR 2950/2951 to include all amounts in the respondent's
    "due to/due from" accounts, unless in an instrument that is
    specifically excluded. Finally, the columns for demand deposits and
    non-transactions accounts are now combined, as are short-term U.S.
    agency securities and other negotiable and readily transferable
    instruments.

-   **Section II** presents claims on foreigners reported by banks,
    other depository institutions, and securities brokers and dealers in
    the United States. BHCs/FHCs also report for their domestic nonbank
    and non-securities firm affiliates, other than their insurance
    affiliates, which report separately on the C-series forms. Data on
    respondents' own dollar claims are collected monthly on Form BC.
    Information on claims held for domestic customers as well as on
    claims denominated in foreign currencies is collected on a quarterly
    basis only on Forms BQ-1 and BQ-2, respectively. Effective with
    reports filed as of February 28, 2003, reporting coverage was
    expanded as outlined in Section I. Additionally, columns were added
    for separate reporting of issued by foreigners. Further, the
    foreigner category, negotiable CDs and other short-term negotiable
    instruments issued by foreigners. Further, the foreigner category,
    "foreign official institutions," replaced the former, broader
    category, "foreign public borrowers," for consistency with the
    liabilities reporting on this sector.

-   **Section III** (formerly reported as Section IV) shows the
    liabilities to, and claims on, unaffiliated foreigners of exporters,
    importers, industrial and commercial concerns, financial
    institutions (other than banks, other depository institutions, and
    securities brokers and dealers), and other nonbanking enterprises in
    the United States. Data exclude claims on foreigners held by banks
    in the United States.

    Historically, the TIC reports CQ-1 and CQ-2 exclude accounts of
    nonbanking enterprises in the United States with their own branches
    and subsidiaries abroad or with their foreign parent companies. Such
    accounts with foreign affiliates are reported by business
    enterprises to Commerce on its direct investment forms. There was an
    exception when reporting of foreign affiliate positions of insurance
    underwriting subsidiaries and financial intermediaries was included
    in Section B of Form CQ-1 for reports between end-March 2003 and
    end-March 2006. That reporting requirement was discontinued with the
    reports beginning as of June 2006.

-   **Section IV** (formerly Section V) contains information on
    transactions with foreigners in long-term domestic and foreign
    securities as reported by banks, securities brokers and dealers, and
    other entities in the United States. The data cover transactions
    executed in the United States for the accounts of foreigners and
    transactions executed abroad for the accounts of reporting
    institutions and their domestic customers. This includes
    transactions in newly-issued securities as well as transactions in,
    and redemptions of, outstanding issues. However, the data do not
    include nonmarketable Treasury bonds and notes shown in table IFS-3.

    The geographical allocation of the transactions data indicates the
    country of location of the foreign buyers and sellers who deal
    directly with reporting institutions in the United States. The data
    do not necessarily indicate the country of beneficial owner or
    issuer, or the currency of denomination of securities. For instance,
    a U.S. purchaser's order for Japanese securities may be placed
    directly with an intermediary in London. In this instance, the
    transaction for Form S reporting purposes would be recorded opposite
    the United Kingdom and not opposite Japan. Similarly, purchases and
    sales of U.S. securities for the account of an Italian resident may
    be placed, for example, in the Swiss market. In that case, the
    trades would be reported opposite Switzerland and not opposite
    Italy.

-   **Section V** presents quarterly data on holdings and net cash
    settlements of cross-border derivatives contracts reported by banks,
    securities brokers, dealers, and nonfinancial companies in the U.S.
    with sizable holdings of derivatives contracts. Total holdings are
    divided between those contracts with positive fair values and those
    contracts with negative fair values from the perspective of the
    reporter. The fair (market) value is generally defined as the amount
    for which a derivative contract could be exchanged in a current
    transaction between willing parties, other than in a forced or
    liquidation sale.

The data on U.S. net settlements with foreign residents include all cash
receipts and payments made during the quarter for the acquisition, sale,
or final closeout of derivatives, including all settlement payments
under the terms of derivatives contracts such as the periodic settlement
under a swap agreement and the daily settlement of an exchange-traded
contract. In calculating net settlements, U.S. receipts of cash from
foreign persons are positive amounts (+), and U.S. payments of cash to
foreign persons are negative amounts (-). Items excluded from net
settlements are: (a) collateral including initial and maintenance
margins, whether or not in the form of cash; and (b) purchases of
underlying commodities, securities, or other noncash assets. (e.g., the
purchase/sale by foreigners of a long-term security is reported on TIC
Form S).

The gross fair (market) values and net settlement payments on
derivatives are reported by type of derivative and by country based on
the residence of the direct foreign counterparty. Positions of foreign
customers on U.S. exchanges are reported opposite the country in which
the foreign counterparty resides. In the case of U.S. residents' futures
contracts on foreign exchanges, the country of the exchange is reported
as the country of the foreign counterparty.

**NOTE:** Current and historical data on United States transactions with
foreigners in long-term securities on the gross foreign liabilities and
claims reported by banks and nonbanks in the United States and on
derivatives contracts with foreigners are available on the TIC website:
**http://www.ustreas.gov/tic**. These data may be downloaded as separate
time series for each country or geographical area regularly shown in the
capital movements tables. Also available on this website are other
series, including a table on "Major Foreign Holders of Treasury
Securities," showing estimated total holdings of U.S. Treasury bills,
bonds and notes for current and recent periods. All data series on the
TIC website are updated monthly.

##  {#section .unnumbered}

<table>
<colgroup>
<col style="width: 26%" />
<col style="width: 1%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 3%" />
<col style="width: 5%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 0%" />
<col style="width: 8%" />
<col style="width: 0%" />
<col style="width: 8%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="13"><h2
id="section-i.liabilities-to-foreigners-reported-by-banks-in-the-united-states">SECTION
I.—Liabilities to Foreigners Reported by Banks<br />
in the United States</h2>
<h3 id="table-cm-i-1.total-liabilities-by-type-and-holder">Table
CM-I-1.—Total Liabilities by Type and Holder</h3>
<p>[Position at end of period in millions of dollars. Source: Treasury
International Capital Reporting System]</p></td>
</tr>
<tr class="even">
<td rowspan="2">Type of Liability</td>
<td colspan="2" rowspan="2">Calendar<br />
Year<br />
2007 r</td>
<td colspan="10">2008</td>
</tr>
<tr class="odd">
<td>Mar. r</td>
<td colspan="2">Apr. r</td>
<td>May r</td>
<td>June</td>
<td>July</td>
<td colspan="2">Aug.</td>
<td colspan="2">Sept. p</td>
</tr>
<tr class="even">
<td colspan="13"></td>
</tr>
<tr class="odd">
<td colspan="2">Total liabilities to all foreigners</td>
<td>4,706,887</td>
<td>4,801,275</td>
<td colspan="2">4,734,202</td>
<td>4,676,770</td>
<td>4,495,976</td>
<td colspan="2">4,486,053</td>
<td colspan="2">4,512,168</td>
<td>4,497,045</td>
</tr>
<tr class="even">
<td colspan="2">Payable in dollars</td>
<td>4,426,986</td>
<td>4,522,491</td>
<td colspan="2">4,455,418</td>
<td>4,397,986</td>
<td>4,245,262</td>
<td colspan="2">4,235,339</td>
<td colspan="2">4,261,454</td>
<td>4,246,331</td>
</tr>
<tr class="odd">
<td colspan="2">Foreign official institutions</td>
<td>594,577</td>
<td>574,065</td>
<td colspan="2">567,009</td>
<td>568,467</td>
<td>570,865</td>
<td colspan="2">597,285</td>
<td colspan="2">607,728</td>
<td>631,462</td>
</tr>
<tr class="even">
<td colspan="2">Deposits, excluding negotiable CDs</td>
<td>49,204</td>
<td>48,024</td>
<td colspan="2">47,003</td>
<td>46,554</td>
<td>44,817</td>
<td colspan="2">51,079</td>
<td colspan="2">50,701</td>
<td>53,865</td>
</tr>
<tr class="odd">
<td colspan="2">U.S. Treasury bills and certificates</td>
<td>196,344</td>
<td>201,281</td>
<td colspan="2">215,711</td>
<td>219,976</td>
<td>226,625</td>
<td colspan="2">232,464</td>
<td colspan="2">245,562</td>
<td>276,781</td>
</tr>
<tr class="even">
<td colspan="2">Other short-term negotiable securities, negotiable CDs,
and other custody liabilities</td>
<td>182,012</td>
<td>176,056</td>
<td colspan="2">163,097</td>
<td>150,769</td>
<td>152,739</td>
<td colspan="2">159,154</td>
<td colspan="2">151,040</td>
<td>142,690</td>
</tr>
<tr class="odd">
<td colspan="2">Other liabilities</td>
<td>167,017</td>
<td>148,704</td>
<td colspan="2">141,198</td>
<td>151,168</td>
<td>146,684</td>
<td colspan="2">154,588</td>
<td colspan="2">160,425</td>
<td>158,126</td>
</tr>
<tr class="even">
<td colspan="2">Foreign banks (including own foreign<br />
offices) and other foreigners</td>
<td>3,805,245</td>
<td>3,920,054</td>
<td colspan="2">3,863,633</td>
<td>3,801,444</td>
<td>3,649,999</td>
<td colspan="2">3,612,088</td>
<td colspan="2">3,626,045</td>
<td>3,591,197</td>
</tr>
<tr class="odd">
<td colspan="2">Deposits, excluding negotiable CDs</td>
<td>1,474,235</td>
<td>1,501,217</td>
<td colspan="2">1,445,399</td>
<td>1,386,812</td>
<td>1,406,717</td>
<td colspan="2">1,361,106</td>
<td colspan="2">1,301,913</td>
<td>1,391,770</td>
</tr>
<tr class="even">
<td colspan="2">U.S. Treasury bills and certificates</td>
<td>103,536</td>
<td>150,692</td>
<td colspan="2">141,045</td>
<td>146,187</td>
<td>147,396</td>
<td colspan="2">146,310</td>
<td colspan="2">163,911</td>
<td>222,743</td>
</tr>
<tr class="odd">
<td colspan="2">Other short-term negotiable securities, negotiable CDs,
and other custody liabilities</td>
<td>639,604</td>
<td>669,645</td>
<td colspan="2">665,606</td>
<td>675,782</td>
<td>637,133</td>
<td colspan="2">641,246</td>
<td colspan="2">640,993</td>
<td>571,198</td>
</tr>
<tr class="even">
<td colspan="2">Other liabilities</td>
<td>1,587,870</td>
<td>1,598,500</td>
<td colspan="2">1,611,583</td>
<td>1,592,663</td>
<td>1,458,753</td>
<td colspan="2">1,463,426</td>
<td colspan="2">1,519,228</td>
<td>1,405,486</td>
</tr>
<tr class="odd">
<td colspan="2">International and regional organizations
<sup>1</sup></td>
<td>27,164</td>
<td>28,372</td>
<td colspan="2">24,776</td>
<td>28,075</td>
<td>24,398</td>
<td colspan="2">25,966</td>
<td colspan="2">27,681</td>
<td>23,672</td>
</tr>
<tr class="even">
<td colspan="2">Deposits, excluding negotiable CDs</td>
<td>17,784</td>
<td>16,386</td>
<td colspan="2">14,599</td>
<td>13,997</td>
<td>13,397</td>
<td colspan="2">16,161</td>
<td colspan="2">15,892</td>
<td>12,346</td>
</tr>
<tr class="odd">
<td colspan="2">U.S. Treasury bills and certificates</td>
<td>250</td>
<td>1,796</td>
<td colspan="2">416</td>
<td>2,447</td>
<td>1,073</td>
<td colspan="2">547</td>
<td colspan="2">435</td>
<td>286</td>
</tr>
<tr class="even">
<td colspan="2">Other short-term negotiable securities, negotiable CDs,
and other custody liabilities</td>
<td>3,985</td>
<td>5,632</td>
<td colspan="2">5,255</td>
<td>5,312</td>
<td>4,869</td>
<td colspan="2">5,885</td>
<td colspan="2">5,781</td>
<td>5,577</td>
</tr>
<tr class="odd">
<td colspan="2">Other liabilities</td>
<td>5,145</td>
<td>4,558</td>
<td colspan="2">4,506</td>
<td>6,319</td>
<td>5,059</td>
<td colspan="2">3,373</td>
<td colspan="2">5,573</td>
<td>5,463</td>
</tr>
<tr class="even">
<td colspan="2">Payable in foreign currencies <sup>2</sup></td>
<td>279,901</td>
<td>278,784</td>
<td colspan="2">278,784</td>
<td>278,784</td>
<td>250,714</td>
<td colspan="2">250,714</td>
<td colspan="2">250,714</td>
<td>250,714</td>
</tr>
<tr class="odd">
<td colspan="2"><blockquote>
<p>Sector:</p>
</blockquote></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="even">
<td colspan="2">Banks and other foreigners</td>
<td>278,807</td>
<td>277,602</td>
<td colspan="2">277,602</td>
<td>277,602</td>
<td>249,055</td>
<td colspan="2">249,055</td>
<td colspan="2">249,055</td>
<td>249,055</td>
</tr>
<tr class="odd">
<td colspan="2">International and regional organizations
<sup>1</sup></td>
<td>1,094</td>
<td>1,182</td>
<td colspan="2">1,182</td>
<td>1,182</td>
<td>1,659</td>
<td colspan="2">1,659</td>
<td colspan="2">1,659</td>
<td>1,659</td>
</tr>
<tr class="even">
<td colspan="2"><blockquote>
<p>Major currencies:</p>
</blockquote></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2">Canadian dollars</td>
<td>18,855</td>
<td>15,272</td>
<td colspan="2">15,272</td>
<td>15,272</td>
<td>15,183</td>
<td colspan="2">15,183</td>
<td colspan="2">15,183</td>
<td>15,183</td>
</tr>
<tr class="even">
<td colspan="2">Euro</td>
<td>153,143</td>
<td>151,565</td>
<td colspan="2">151,565</td>
<td>151,565</td>
<td>127,873</td>
<td colspan="2">127,873</td>
<td colspan="2">127,873</td>
<td>127,873</td>
</tr>
<tr class="odd">
<td colspan="2">United Kingdom pounds sterling</td>
<td>18,176</td>
<td>19,923</td>
<td colspan="2">19,923</td>
<td>19,923</td>
<td>11,064</td>
<td colspan="2">11,064</td>
<td colspan="2">11,064</td>
<td>11,064</td>
</tr>
<tr class="even">
<td colspan="2">Japanese yen</td>
<td>49,098</td>
<td>53,123</td>
<td colspan="2">53,123</td>
<td>53,123</td>
<td>57,674</td>
<td colspan="2">57,674</td>
<td colspan="2">57,674</td>
<td>57,674</td>
</tr>
<tr class="odd">
<td colspan="2"><blockquote>
<p>Memoranda:</p>
</blockquote></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="even">
<td colspan="2">Respondents’ own liabilities payable in<br />
dollars</td>
<td>3,301,255</td>
<td>3,317,389</td>
<td colspan="2">3,264,288</td>
<td>3,197,513</td>
<td>3,075,427</td>
<td colspan="2">3,049,733</td>
<td colspan="2">3,053,732</td>
<td>3,027,056</td>
</tr>
<tr class="odd">
<td colspan="2">Liabilities to own foreign offices</td>
<td>2,020,906</td>
<td>2,054,391</td>
<td colspan="2">2,025,732</td>
<td>1,944,612</td>
<td>1,870,603</td>
<td colspan="2">1,836,023</td>
<td colspan="2">1,816,228</td>
<td>1,911,296</td>
</tr>
<tr class="even">
<td colspan="2"><p>Liabilities collaterized by repurchase</p>
<p>agreements</p></td>
<td>1,107,751</td>
<td>1,103,311</td>
<td colspan="2">1,092,243</td>
<td>1,088,385</td>
<td>987,456</td>
<td colspan="2">995,842</td>
<td colspan="2">1,026,483</td>
<td>895,475</td>
</tr>
<tr class="odd">
<td colspan="2"><blockquote>
<p>Foreign official institutions</p>
</blockquote></td>
<td>154,617</td>
<td>136,762</td>
<td colspan="2">133,304</td>
<td>143,790</td>
<td>140,821</td>
<td colspan="2">149,356</td>
<td colspan="2">153,119</td>
<td>145,487</td>
</tr>
<tr class="even">
<td colspan="2"><blockquote>
<p>Foreign banks and other foreigners</p>
</blockquote></td>
<td>948,989</td>
<td>962,710</td>
<td colspan="2">955,620</td>
<td>939,763</td>
<td>842,818</td>
<td colspan="2">844,145</td>
<td colspan="2">869,563</td>
<td>747,219</td>
</tr>
<tr class="odd">
<td colspan="2"><blockquote>
<p>International and regional organizations <sup>1</sup></p>
</blockquote></td>
<td>4,145</td>
<td>3,839</td>
<td colspan="2">3,319</td>
<td>4,832</td>
<td>3,817</td>
<td colspan="2">2,341</td>
<td colspan="2">3,801</td>
<td>2,769</td>
</tr>
<tr class="even">
<td colspan="2"><blockquote>
<p>Reported by IBFs</p>
</blockquote></td>
<td>481,998</td>
<td>496,442</td>
<td colspan="2">480,499</td>
<td>476,879</td>
<td>468,814</td>
<td colspan="2">485,825</td>
<td colspan="2">463,544</td>
<td>471,569</td>
</tr>
<tr class="odd">
<td colspan="2">Respondents’ own liabilities payable in<br />
foreign currencies <sup>2</sup></td>
<td>261,508</td>
<td>257,937</td>
<td colspan="2">257,937</td>
<td>257,937</td>
<td>233,449</td>
<td colspan="2">233,449</td>
<td colspan="2">233,449</td>
<td>233,449</td>
</tr>
<tr class="even">
<td colspan="2"><blockquote>
<p>Reported by IBFs</p>
</blockquote></td>
<td>69,985</td>
<td>69,687</td>
<td colspan="2">69,687</td>
<td>69,687</td>
<td>72,595</td>
<td colspan="2">72,595</td>
<td colspan="2">72,595</td>
<td>72,595</td>
</tr>
<tr class="odd">
<td colspan="2">Liabilities held in custody for domestic<br />
customers and selected other liabilities <sup>3</sup></td>
<td>1,144,124</td>
<td>1,225,949</td>
<td colspan="2">1,211,977</td>
<td>1,221,320</td>
<td>1,187,100</td>
<td colspan="2">1,202,871</td>
<td colspan="2">1,224,987</td>
<td>1,236,540</td>
</tr>
<tr class="even">
<td colspan="2">Payable in dollars</td>
<td>1,125,731</td>
<td>1,205,102</td>
<td colspan="2">1,191,130</td>
<td>1,200,473</td>
<td>1,169,835</td>
<td colspan="2">1,185,606</td>
<td colspan="2">1,207,722</td>
<td>1,219,275</td>
</tr>
<tr class="odd">
<td colspan="2"><blockquote>
<p>of which: other short-term negotiable securities and negotiable
CDs</p>
</blockquote></td>
<td>504,923</td>
<td>524,752</td>
<td colspan="2">517,824</td>
<td>513,050</td>
<td>477,412</td>
<td colspan="2">489,478</td>
<td colspan="2">487,438</td>
<td>432,593</td>
</tr>
<tr class="even">
<td colspan="2"><blockquote>
<p>of which: short-term U.S. Government<br />
agency securities</p>
</blockquote></td>
<td>200,312</td>
<td>186,202</td>
<td colspan="2">180,566</td>
<td>165,199</td>
<td>168,155</td>
<td colspan="2">163,923</td>
<td colspan="2">154,520</td>
<td>156,136</td>
</tr>
<tr class="odd">
<td colspan="2"><blockquote>
<p>of which: negotiable CDs</p>
</blockquote></td>
<td>97,990</td>
<td>124,953</td>
<td colspan="2">126,418</td>
<td>133,182</td>
<td>89,021</td>
<td colspan="2">107,231</td>
<td colspan="2">115,243</td>
<td>100,824</td>
</tr>
<tr class="even">
<td colspan="2">Payable in foreign currencies <sup>2</sup></td>
<td>18,393</td>
<td>20,847</td>
<td colspan="2">20,847</td>
<td>20,847</td>
<td>17,265</td>
<td colspan="2">17,265</td>
<td colspan="2">17,265</td>
<td>17,265</td>
</tr>
<tr class="odd">
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="even">
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="5"><sup>1</sup> Principally the International Bank for
Reconstruction and Development (World Bank) and the Inter-American
Development Bank.</td>
<td colspan="8"><sup>2</sup> Data may be as of preceding quarter-end for
most recent month shown in table.<br />
<sup>3</sup> Selected other liabilities are primarily the liabilities of
the customers of banks to U.S. managed foreign offices and other foreign
institutions.</td>
</tr>
</tbody>
</table>

### TABLE CM-I-2.---Total Liabilities by Country

\[Position at end of period in millions of dollars. Source: Treasury
International Capital Reporting System\]

  --------------- ----------- ----------- ----------- ----------- ------ ----------- ------ ----------- ----------- -----------
  Country         Calendar                                        2008                                              
                  year                                                                                              

                  2005        2006        2007 r      May r              June        July               Aug.        Sept. p

                                                                                                                    

  Europe:                                                                                                           

  Austria         3,607       3,934       4,989       4,690              5,405              3,915       5,852       3,383

  Belgium         17,105      15,595      22,493      20,615             16,110             14,765      13,249      14,378

  Bulgaria        139         88          148         95                 132                89          104         115

  Cyprus ^1^      n.a.        634         1,068       662                711                611         611         938

  Czech Republic  1,446       1,353       1,433       1,753              1,114              1,285       2,300       1,099

  Denmark         1,544       969         791         1,031              4,862              4,887       4,284       4,089

  Finland         3,767       3,362       1,456       1,490              1,500              1,653       1,508       1,725

  France          76,016      83,606      73,302      79,671             69,662             65,776      67,247      85,000

  Germany         70,867      92,815      146,836     176,688            161,065            165,087     162,914     169,783

  Greece          1,212       1,488       1,357       1,549              1,825              2,047       1,346       1,031

  Hungary         527         820         1,219       665                532                589         602         456

  Iceland ^1^     n.a.        431         667         406                221                302         352         387

  Ireland         68,669      84,414      113,671     166,607            162,585            162,503     171,198     147,319

  Italy           8,149       9,301       10,977      11,309             7,310              7,487       9,248       10,498

  Kazakhstan ^1^  n.a.        6,145       5,953       7,272              8,338              9,372       11,059      10,668

  Luxembourg      62,804      73,989      108,402     109,098            105,422            102,718     106,317     99,176

  Monaco ^1^      n.a.        380         206         226                167                155         128         224

  Netherlands     16,460      26,781      26,125      44,020             36,811             40,517      40,423      42,547

  Norway          27,927      42,401      48,309      29,761             30,869             34,030      36,404      23,912

  Poland          6,340       7,475       19,651      32,001             28,773             32,469      29,936      20,933

  Portugal        2,883       2,720       2,999       2,926              3,268              2,374       2,098       2,210

  Romania         565         492         581         700                462                360         966         376

  Russia          101,355     62,736      104,741     88,355             92,698             91,521      87,094      79,185

  Serbia and      119         295         532         530                334                303         293         144
  Montenegro ^2^                                                                                                    
  ^3^                                                                                                               

  Spain           10,060      9,805       13,017      14,725             14,253             14,500      14,679      16,414

  Sweden          4,796       3,890       7,723       3,638              4,804              2,740       3,259       12,318

  Switzerland     141,498     63,546      58,175      43,149             40,748             39,278      41,712      47,804

  Turkey          10,006      10,457      12,152      16,578             18,527             21,650      22,785      20,033

  Ukraine ^1^     n.a.        919         1,392       1,971              2,043              1,856       1,869       2,050

  United Kingdom  590,505     926,069     1,063,674   1,006,925          902,842            906,429     919,194     821,277

  Channel Islands 29,737      33,857      25,391      16,036             13,977             16,216      13,901      13,531

  All other       23,540      3,852       4,897       6,240              5,510              6,443       5,837       5,496
  Europe ^1^                                                                                                        

  Total Europe    1,281,643   1,574,620   1,884,327   1,891,380          1,742,880          1,753,928   1,778,768   1,658,499

  Memo: Euro Area 341,599     407,811     525,624     634,380            586,136            584,189     596,918     594,638
  ^3^                                                                                                               

  Memo: European  n.a.        1,349,799   1,623,469   1,682,971          1,530,090          1,534,098   1,558,045   1,455,755
  Union ^4^                                                                                                         

  Canada          38,051      49,396      67,254      80,412             82,996             77,985      74,276      75,239

  Latin America:                                                                                                     

  Argentina       9,775       10,628      12,139      12,345             11,789             11,825      11,805      13,541

  Belize ^5^      n.a.        484         307         299                328                322         358         385

  Bolivia ^5^     n.a.        2,123       2,559       2,649              2,717              3,161       3,136       3,438

  Brazil l        12,898      16,271      24,910      28,620             24,435             23,094      24,677      18,462

  Chile           9,045       16,926      15,766      13,942             14,588             14,193      14,207      15,112

  Colombia        6,521       11,702      11,038      11,060             11,062             11,048      11,441      12,247

  Costa Rica ^5^  n.a.        2,967       2,502       3,645              3,515              3,305       2,782       2,626

  Ecuador         3,426       3,431       3,296       3,826              3,469              3,475       3,413       3,739

  El Salvador ^5^ n.a.        1,964       2,362       2,516              2,654              2,415       2,611       2,689

  Guatemala       1,660       1,444       1,851       1,949              2,061              1,741       1,740       1,697

  Guyana ^5^      n.a.        98          141         147                126                126         96          160

  Honduras ^5^    n.a.        2,594       2,162       1,835              1,995              2,147       1,799       1,796

  Mexico          44,738      45,846      53,233      52,462             53,334             58,277      60,349      59,688

  Nicaragua ^5^   n.a.        238         215         278                289                237         241         296

  Panama          5,334       7,183       7,046       7,665              7,211              7,456       6,982       7,674

  Paraguay ^5^    n.a.        672         693         683                658                665         672         687

  Peru            3,062       4,281       5,281       6,397              6,763              6,666       6,520       5,595

  Suriname ^5^    n.a.        128         128         174                136                145         150         178

  Uruguay         4,976       6,139       6,503       6,467              5,894              5,811       5,627       5,730

  Venezuela       27,535      22,883      23,588      26,595             26,479             25,854      26,601      26,756

  All other Latin 8,595       8           15          21                 45                 50          41          40
  America ^5^                                                                                                       

  Total Latin     137,565     158,010     175,735     183,575            179,548            182,013     185,248     182,536
  America                                                                                                           

  Caribbean:                                                                                                         

  Anguilla ^6^    n.a.        3,149       13,065      9,745              8,006              6,887       7,954       12,643

  Antigua and     n.a.        186         217         238                230                216         217         135
  Barbuda ^6^                                                                                                       

  Aruba ^6^       n.a.        408         265         576                436                510         489         470

  Bahamas         213,833     257,200     286,684     285,917            292,710            302,611     281,371     301,762

  Barbados ^6^    n.a.        18,680      21,641      17,073             16,142             17,519      17,905      17,675

  Bermuda         52,361      55,502      49,757      47,300             50,735             51,633      46,605      46,176

  British Virgin  n.a.        22,082      34,919      40,132             40,322             41,409      42,929      43,463
  Islands ^6^                                                                                                       

  Cayman Islands  922,518     1,316,517   1,484,991   1,437,187          1,423,193          1,369,773   1,389,614   1,402,418

  Cuba            120         82          80          94                 93                 92          94          94

  Dominican       n.a.        3,895       3,829       3,629              3,475              3,560       3,409       3,301
  Republic ^6^                                                                                                      

  French West     n.a.        19          35          37                 38                 35          54          34
  Indies ^6^                                                                                                        

  Haiti ^6^       n.a.        495         555         618                659                617         658         735

  Jamaica         970         1,056       1,358       1,139              1,500              1,455       1,354       1,195

  Netherlands     6,398       8,503       10,131      8,286              7,348              6,552       5,519       4,815
  Antilles                                                                                                          

                                                                                                                    
  --------------- ----------- ----------- ----------- ----------- ------ ----------- ------ ----------- ----------- -----------

See footnotes at end of table.

### TABLE CM-I-2.---Total Liabilities by Country, con.

\[Position at end of period in millions of dollars. Source: Treasury
International Capital Reporting System\]

  --------------- ----------- ----------- ----------- ----------- ------ ----------- ----------- ----------- -----------
  Country         Calendar                                        2008                                       
                  year                                                                                       

                  2005        2006        2007 r      May r              June        July        Aug.        Sept. p

                                                                                                             

  Caribbean, con.                                                                                            

  St. Kitts and   n.a.        90          122         110                115         133         135         132
  Nevis ^6^                                                                                                  

  Trinidad and    2,836       3,354       3,389       2,902              4,085       3,088       3,329       3,866
  Tobago                                                                                                     

  Turks and       n.a.        165         208         239                227         228         213         245
  Caicos Islands                                                                                             
  ^6^                                                                                                        

  All other       32,620      157         189         231                210         204         198         186
  Caribbean ^6^                                                                                              

  Total Caribbean 1,231,656   1,691,540   1,911,435   1,855,453          1,849,524   1,806,522   1,802,047   1,839,345

  Asia:                                                                                                       

  Bangladesh ^7^  n.a.        824         889         731                1,510       1,013       1,421       1,465

  China, Mainland 46,466      44,474      94,369      68,401             58,505      65,098      72,224      122,722

  Hong Kong       35,246      44,639      47,131      48,610             42,755      42,752      42,651      54,488

  India           13,860      18,813      18,257      12,957             14,861      15,700      17,539      18,257

  Indonesia       4,213       4,386       5,220       3,119              4,727       5,103       6,560       8,273

  Israel          9,828       7,327       7,812       11,892             12,229      10,223      8,750       11,392

  Japan           161,951     141,655     190,119     178,966            180,855     185,429     191,446     199,438

  Jordan ^7^      n.a.        2,146       1,179       1,363              1,255       1,056       1,165       1,320

  Korea, South    27,200      28,099      35,215      21,993             21,900      21,897      20,445      16,739

  Laos ^7^        n.a.        120         380         240                243         268         176         68

  Lebanon         797         1,168       1,032       1,028              1,209       980         881         1,169

  Malaysia        2,287       3,847       2,852       2,872              2,593       2,713       2,616       2,296

  Pakistan        1,768       1,282       1,464       1,740              1,964       1,792       1,631       2,127

  Philippines     3,780       3,857       4,927       3,039              3,716       3,614       3,712       4,119

  Singapore       20,291      30,831      38,705      34,092             35,126      35,266      35,425      32,288

  Syria a         28          25          24          55                 26          29          26          24

  Taiwan          23,287      22,952      26,087      24,029             22,210      22,763      22,550      29,784

  Thailand        9,966       8,319       14,189      19,828             17,841      18,923      18,006      14,365

  Yemen ^7^       n.a.        179         202         218                152         301         217         159

  Oil exporting   50,659      70,314      80,594      105,219            105,424     112,873     125,391     121,860
  countries ^8^                                                                                              

  All other Asia  7,258       5,893       5,052       5,456              5,400       5,841       6,707       8,275
  ^7^                                                                                                        

  Total Asia      418,885     441,150     575,699     545,848            534,501     553,634     579,539     650,628

  Africa:                                                                                                     

  Botswana ^9^    n.a.        236         925         636                672         743         781         641

  Egypt           4,953       2,252       3,683       4,040              4,488       5,103       3,857       7,323

  Ghana           572         389         346         318                525         160         320         399

  Kenya ^9^       n.a.        234         612         570                425         322         282         306

  Liberia         217         469         422         342                354         364         357         325

  Mauritius ^9^   n.a.        641         6,436       16,439             17,552      18,224      1,268       866

  Morocco         138         198         180         170                275         350         243         533

  Mozambique ^9^  n.a.        87          126         109                137         111         54          60

  South Africa    3,054       1,565       1,649       3,403              2,980       2,678       3,007       2,983

  Tanzania ^9^    n.a.        363         407         329                379         366         305         319

  Uganda ^9^      n.a.        926         1,233       1,070              930         906         910         793

  Zambia ^9^      n.a.        143         190         146                183         195         179         142

  Zimbabwe ^9^    n.a.        78          105         92                 90          74          75          71

  Oil exporting   6,880       4,457       6,131       4,184              4,678       5,418       4,328       3,978
  countries ^10^                                                                                             

  All other       4,313       2,981       3,443       5,260              3,548       4,698       5,791       6,280
  Africa ^9^                                                                                                 

  Total Africa    20,127      15,019      25,888      37,108             37,216      39,712      21,757      25,019

  Other                                                                                                       
  countries:                                                                                                 

  Australia       18,427      26,178      15,563      28,678             21,933      23,116      18,283      18,562

  New Zealand     3,028       4,543       3,190       3,225              3,248       3,094       4,807       4,025

  French          n.a.        63          83          86                 118         138         118         123
  Polynesia ^11^                                                                                             

  All other ^11^  14,612      18,704      19,455      21,748             17,955      18,286      17,985      17,738

  Total other     36,067      49,488      38,291      53,737             43,254      44,634      41,193      40,448

  All countries   3,163,994   3,979,223   4,678,629   4,647,513          4,469,919   4,458,428   4,482,828   4,471,714

  International                                                                                               
  and regional                                                                                               
  orgs:                                                                                                      

  International   17,598      26,862      24,201      24,871             21,207      22,682      24,827      19,807
  organizations                                                                                              

  Regional        5,153       4,274       4,057       4,386              4,850       4,943       4,513       5,524
  organizations                                                                                              
  ^12^                                                                                                       

  Total           22,751      31,136      28,258      29,257             26,057      27,625      29,340      25,331
  international                                                                                              
  and\                                                                                                       
  regional                                                                                                   
  organizations                                                                                              

  Grand total l   3,186,745   4,010,359   4,706,887   4,676,770          4,495,976   4,486,053   4,512,168   4,497,045

                                                                                                             

                                                                                                             
  --------------- ----------- ----------- ----------- ----------- ------ ----------- ----------- ----------- -----------

^1^ Before June 2006, data for Cyprus, Iceland, Kazakhstan, Monaco, and
Ukraine are included in "All other Europe."

^2^ On February 4, 2003, Yugoslavia changed its name to Serbia and
Montenegro. Data for other entities of the former Yugoslavia recognized
as independent states by the United States are reported under "All other
Europe" as follows: Beginning in December 1992 for Bosnia and
Herzegovina, Croatia, and Slovenia; and beginning in June 1994 for the
former Yugoslav Republic of Macedonia.

^3^ Includes Austria, Belgium, Finland, France, Germany, Greece,
Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. For
data as of January 2008, also includes Cyprus, Malta, and Slovenia.

^4^ As of May 2004, the European Union includes Austria, Belgium,
Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany,
Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta,
the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden,
and the United Kingdom. Data available beginning June 2006. As of
January 2007, also includes Bulgaria and Romania.

^5^ Before June 2006, data for the Belize, Bolivia, Costa Rica, El
Salvador, Guyana, Honduras, Nicaragua, Paraguay, and Suriname are
included in "All other Latin America."

^6^ Before June 2006, data for Anguilla, Antigua and Barbuda, Aruba,
Barbados, the British Virgin Islands, the Dominican Republic, the French
West Indies (primarily Guadeloupe and Martinique), Haiti, St. Kitts and
Nevis, and the Turks and Caicos Islands are included in "All other
Caribbean."

^7^ Before June 2006, data for Bangladesh, Jordan, Laos, and Yemen are
included in "All other Asia."

^8^ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
United Arab Emirates (Trucial States).

^9^ Before June 2006, data for Botswana, Kenya, Mauritius, Mozambique,
Tanzania, Uganda, Zambia, and Zimbabwe are included in "All other
Africa."

^10^ Includes Algeria, Gabon, Libya, and Nigeria.

^11^ Before June 2006, data for French Polynesia are included in "All
other."

^12^ Includes European, Latin American, Caribbean, Asian, African, and
Middle East regional organizations.

###   {#section-1 .unnumbered}

### TABLE CM-I-3.---Total Liabilities by Type and Country, September 30, 2008, Preliminary

\[Position at end of period in millions of dollars. Source: Treasury
International Capital Reporting System\]

<table style="width:100%;">
<colgroup>
<col style="width: 15%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 1%" />
<col style="width: 5%" />
<col style="width: 0%" />
<col style="width: 1%" />
<col style="width: 0%" />
</colgroup>
<tbody>
<tr class="odd">
<td rowspan="3">Country</td>
<td rowspan="3">Total liabilities payable in dollars and foreign
currency<br />
(1)</td>
<td colspan="18">Liabilities payable in dollars</td>
<td colspan="3" rowspan="3"> Total<br />
liabilities payable in foreign currency <sup>3</sup><br />
(12)</td>
<td></td>
</tr>
<tr class="even">
<td rowspan="2">Total liabilities payable in dollars<br />
(2)</td>
<td rowspan="2">Total own liabilities payable in dollars<br />
(3)</td>
<td colspan="2" rowspan="2">Total custody liabilities payable in
dollars<br />
(4)</td>
<td colspan="4">Non-negotiable deposits and brokerage balances
<sup>1</sup></td>
<td colspan="6"><blockquote>
<p>Negotiable CDs and short-term negotiable securities</p>
</blockquote></td>
<td colspan="4"><blockquote>
<p>Other Miscellaneous liabilities <sup>2</sup></p>
</blockquote></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2">Held by foreign official institutions and foreign
banks<br />
(5)</td>
<td colspan="2">Held by all other foreigners<br />
(6)</td>
<td colspan="2">Of which: short-term U.S. Treasury obligations<br />
(7)</td>
<td colspan="2"><p>Of which: other short-term negotiable
securities<br />
(excl. CDs)</p>
<p>(8)</p></td>
<td colspan="2">Of which: negotiable CDs<br />
(9)</td>
<td colspan="2">Held by foreign official institutions and foreign
banks<br />
(10)</td>
<td colspan="2">Held by all other foreigners (11) </td>
<td></td>
</tr>
<tr class="even">
<td></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td></td>
</tr>
<tr class="odd">
<td>Europe:</td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td></td>
</tr>
<tr class="even">
<td>Austria</td>
<td>3,383</td>
<td>3,366</td>
<td>2,505</td>
<td>861</td>
<td colspan="2">1,221</td>
<td colspan="2">253</td>
<td colspan="2">106</td>
<td colspan="2">602</td>
<td colspan="2">12</td>
<td colspan="2">1,167</td>
<td colspan="2">5</td>
<td colspan="2">17</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Belgium</td>
<td>14,378</td>
<td>13,895</td>
<td>5,991</td>
<td>7,905</td>
<td colspan="2">3,257</td>
<td colspan="2">523</td>
<td colspan="2">1,925</td>
<td colspan="2">1,497</td>
<td colspan="2">4,480</td>
<td colspan="2">1,006</td>
<td colspan="2">1,207</td>
<td colspan="2">482</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>Cyprus</td>
<td>938</td>
<td>938</td>
<td>928</td>
<td>10</td>
<td colspan="2">326</td>
<td colspan="2">301</td>
<td colspan="2">8</td>
<td colspan="2">2</td>
<td colspan="2">-</td>
<td colspan="2">301</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Czech Republic</td>
<td>1,099</td>
<td>1,086</td>
<td>286</td>
<td>800</td>
<td colspan="2">109</td>
<td colspan="2">45</td>
<td colspan="2">800</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td colspan="2">132</td>
<td colspan="2">-</td>
<td colspan="2">13</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>Denmark</td>
<td>4,089</td>
<td>3,976</td>
<td>3,705</td>
<td>271</td>
<td colspan="2">478</td>
<td colspan="2">60</td>
<td colspan="2">60</td>
<td colspan="2">77</td>
<td colspan="2">51</td>
<td colspan="2">3,250</td>
<td colspan="2">-</td>
<td colspan="2">113</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Finland</td>
<td>1,725</td>
<td>1,551</td>
<td>540</td>
<td>1,011</td>
<td colspan="2">199</td>
<td colspan="2">207</td>
<td colspan="2">268</td>
<td colspan="2">46</td>
<td colspan="2">648</td>
<td colspan="2">183</td>
<td colspan="2">-</td>
<td colspan="2">174</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>France</td>
<td>85,000</td>
<td>81,814</td>
<td>69,503</td>
<td>12,312</td>
<td colspan="2">31,562</td>
<td colspan="2">1,577</td>
<td colspan="2">3,319</td>
<td colspan="2">7,914</td>
<td colspan="2">907</td>
<td colspan="2">17,514</td>
<td colspan="2">19,021</td>
<td colspan="2">3,185</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Germany</td>
<td>169,783</td>
<td>95,566</td>
<td>81,218</td>
<td>14,348</td>
<td colspan="2">41,118</td>
<td colspan="2">2,150</td>
<td colspan="2">5,073</td>
<td colspan="2">6,731</td>
<td colspan="2">1,680</td>
<td colspan="2">38,413</td>
<td colspan="2">401</td>
<td colspan="2">74,218</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>Greece</td>
<td>1,031</td>
<td>1,030</td>
<td>961</td>
<td>69</td>
<td colspan="2">255</td>
<td colspan="2">622</td>
<td colspan="2">26</td>
<td colspan="2">29</td>
<td colspan="2">13</td>
<td colspan="2">84</td>
<td colspan="2">1</td>
<td colspan="2">1</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Hungary</td>
<td>456</td>
<td>379</td>
<td>250</td>
<td>129</td>
<td colspan="2">135</td>
<td colspan="2">65</td>
<td colspan="2">110</td>
<td colspan="2">6</td>
<td colspan="2">2</td>
<td colspan="2">61</td>
<td colspan="2">-</td>
<td colspan="2">77</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>Ireland</td>
<td>147,319</td>
<td>147,158</td>
<td>24,604</td>
<td>122,554</td>
<td colspan="2">8,604</td>
<td colspan="2">3,130</td>
<td colspan="2">22,845</td>
<td colspan="2">56,726</td>
<td colspan="2">37,943</td>
<td colspan="2">6,019</td>
<td colspan="2">11,891</td>
<td colspan="2">161</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Italy</td>
<td>10,498</td>
<td>9,645</td>
<td>8,182</td>
<td>1,463</td>
<td colspan="2">3,577</td>
<td colspan="2">850</td>
<td colspan="2">958</td>
<td colspan="2">113</td>
<td colspan="2">66</td>
<td colspan="2">4,071</td>
<td colspan="2">10</td>
<td colspan="2">853</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>Kazakhstan</td>
<td>10,668</td>
<td>10,442</td>
<td>2,180</td>
<td>8,262</td>
<td colspan="2">694</td>
<td colspan="2">9</td>
<td colspan="2">7,772</td>
<td colspan="2">490</td>
<td colspan="2">-</td>
<td colspan="2">1,477</td>
<td colspan="2">-</td>
<td colspan="2">226</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Luxembourg</td>
<td>99,176</td>
<td>97,709</td>
<td>19,921</td>
<td>77,789</td>
<td colspan="2">11,436</td>
<td colspan="2">2,301</td>
<td colspan="2">46,893</td>
<td colspan="2">22,489</td>
<td colspan="2">6,975</td>
<td colspan="2">2,242</td>
<td colspan="2">5,373</td>
<td colspan="2">1,467</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>Monaco</td>
<td>224</td>
<td>224</td>
<td>104</td>
<td>120</td>
<td colspan="2">21</td>
<td colspan="2">83</td>
<td colspan="2">119</td>
<td colspan="2">-</td>
<td colspan="2">1</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td>Netherlands</td>
<td>42,547</td>
<td>41,505</td>
<td>30,149</td>
<td>11,356</td>
<td colspan="2">7,623</td>
<td colspan="2">2,679</td>
<td colspan="2">2,126</td>
<td colspan="2">7,697</td>
<td colspan="2">882</td>
<td colspan="2">14,369</td>
<td colspan="2">6,130</td>
<td colspan="2">1,042</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Norway</td>
<td>23,912</td>
<td>23,821</td>
<td>22,446</td>
<td>1,375</td>
<td colspan="2">1,786</td>
<td colspan="2">183</td>
<td colspan="2">336</td>
<td colspan="2">917</td>
<td colspan="2">122</td>
<td colspan="2">20,477</td>
<td colspan="2">-</td>
<td colspan="2">91</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Poland</td>
<td>20,933</td>
<td>20,891</td>
<td>13,123</td>
<td>7,768</td>
<td colspan="2">952</td>
<td colspan="2">80</td>
<td colspan="2">50</td>
<td colspan="2">7,716</td>
<td colspan="2">2</td>
<td colspan="2">12,091</td>
<td colspan="2">-</td>
<td colspan="2">42</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Portugal</td>
<td>2,210</td>
<td>2,202</td>
<td>2,059</td>
<td>143</td>
<td colspan="2">1,406</td>
<td colspan="2">581</td>
<td colspan="2">31</td>
<td colspan="2">106</td>
<td colspan="2">7</td>
<td colspan="2">71</td>
<td colspan="2">1</td>
<td colspan="2">8</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Romania</td>
<td>376</td>
<td>376</td>
<td>374</td>
<td>2</td>
<td colspan="2">24</td>
<td colspan="2">33</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td colspan="2">2</td>
<td colspan="2">317</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Russia</td>
<td>79,185</td>
<td>79,154</td>
<td>6,774</td>
<td>72,380</td>
<td colspan="2">5,330</td>
<td colspan="2">366</td>
<td colspan="2">24,305</td>
<td colspan="2">48,070</td>
<td colspan="2">5</td>
<td colspan="2">1,033</td>
<td colspan="2">45</td>
<td colspan="2">31</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Spain</td>
<td>16,414</td>
<td>15,011</td>
<td>12,980</td>
<td>2,031</td>
<td colspan="2">7,114</td>
<td colspan="2">1,991</td>
<td colspan="2">768</td>
<td colspan="2">632</td>
<td colspan="2">546</td>
<td colspan="2">3,743</td>
<td colspan="2">217</td>
<td colspan="2">1,403</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Sweden</td>
<td>12,318</td>
<td>12,225</td>
<td>9,410</td>
<td>2,815</td>
<td colspan="2">919</td>
<td colspan="2">678</td>
<td colspan="2">83</td>
<td colspan="2">1,403</td>
<td colspan="2">855</td>
<td colspan="2">8,208</td>
<td colspan="2">79</td>
<td colspan="2">93</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Switzerland</td>
<td>47,804</td>
<td>44,494</td>
<td>16,426</td>
<td>28,068</td>
<td colspan="2">9,952</td>
<td colspan="2">2,478</td>
<td colspan="2">17,020</td>
<td colspan="2">9,607</td>
<td colspan="2">1,409</td>
<td colspan="2">3,543</td>
<td colspan="2">485</td>
<td colspan="2">3,310</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Turkey</td>
<td>20,033</td>
<td>19,977</td>
<td>2,446</td>
<td>17,531</td>
<td colspan="2">1,406</td>
<td colspan="2">278</td>
<td colspan="2">17,478</td>
<td colspan="2">19</td>
<td colspan="2">32</td>
<td colspan="2">762</td>
<td colspan="2">2</td>
<td colspan="2">56</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Ukraine</td>
<td>2,050</td>
<td>2,050</td>
<td>1,435</td>
<td>615</td>
<td colspan="2">1,143</td>
<td colspan="2">23</td>
<td colspan="2">555</td>
<td colspan="2">-</td>
<td colspan="2">60</td>
<td colspan="2">269</td>
<td colspan="2">-</td>
<td colspan="2">-</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>United Kingdom</td>
<td>821,277</td>
<td>778,186</td>
<td>756,445</td>
<td>21,741</td>
<td colspan="2">125,901</td>
<td colspan="2">22,113</td>
<td colspan="2">10,025</td>
<td colspan="2">5,251</td>
<td colspan="2">3,011</td>
<td colspan="2">314,938</td>
<td colspan="2">296,947</td>
<td colspan="2">43,091</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Channel Islands</td>
<td>13,531</td>
<td>13,299</td>
<td>8,906</td>
<td>4,393</td>
<td colspan="2">6,755</td>
<td colspan="2">1,472</td>
<td colspan="2">1,100</td>
<td colspan="2">2,290</td>
<td colspan="2">829</td>
<td colspan="2">136</td>
<td colspan="2">717</td>
<td colspan="2">232</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>All other Europe</td>
<td>6,142</td>
<td>5,921</td>
<td>4,983</td>
<td>938</td>
<td colspan="2">865</td>
<td colspan="2">453</td>
<td colspan="2">855</td>
<td colspan="2">52</td>
<td colspan="2">13</td>
<td colspan="2">3,677</td>
<td colspan="2">5</td>
<td colspan="2">221</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Total Europe</td>
<td>1,658,499</td>
<td>1,527,891</td>
<td>1,108,832</td>
<td>419,059</td>
<td colspan="2">274,168</td>
<td colspan="2">45,584</td>
<td colspan="2">165,013</td>
<td colspan="2">180,482</td>
<td colspan="2">60,553</td>
<td colspan="2">459,554</td>
<td colspan="2">342,537</td>
<td colspan="2">130,608</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Memo: Euro Area <sup>4</sup></td>
<td>594,638</td>
<td>511,584</td>
<td>259,732</td>
<td>251,852</td>
<td colspan="2">117,739</td>
<td colspan="2">17,301</td>
<td colspan="2">84,345</td>
<td colspan="2">104,584</td>
<td colspan="2">54,160</td>
<td colspan="2">89,198</td>
<td colspan="2">44,257</td>
<td colspan="2">83,054</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Canada</td>
<td>75,239</td>
<td>67,933</td>
<td>50,364</td>
<td>17,569</td>
<td colspan="2">4,299</td>
<td colspan="2">8,720</td>
<td colspan="2">5,204</td>
<td colspan="2">6,077</td>
<td colspan="2">5,279</td>
<td colspan="2">32,608</td>
<td colspan="2">5,746</td>
<td colspan="2">7,306</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Latin America:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="3"> </td>
</tr>
<tr class="odd">
<td>Argentina</td>
<td>13,541</td>
<td>13,310</td>
<td>10,306</td>
<td>3,004</td>
<td colspan="2">774</td>
<td colspan="2">8,992</td>
<td colspan="2">2,380</td>
<td colspan="2">200</td>
<td colspan="2">403</td>
<td colspan="2">402</td>
<td colspan="2">159</td>
<td colspan="2">231</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Belize</td>
<td>385</td>
<td>385</td>
<td>283</td>
<td>102</td>
<td colspan="2">60</td>
<td colspan="2">156</td>
<td colspan="2">48</td>
<td colspan="2">10</td>
<td colspan="2">44</td>
<td colspan="2">63</td>
<td colspan="2">4</td>
<td colspan="2">-</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Bolivia</td>
<td>3,438</td>
<td>3,405</td>
<td>1,162</td>
<td>2,243</td>
<td colspan="2">168</td>
<td colspan="2">952</td>
<td colspan="2">854</td>
<td colspan="2">1,081</td>
<td colspan="2">308</td>
<td colspan="2">40</td>
<td colspan="2">2</td>
<td colspan="2">33</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Brazil</td>
<td>18,462</td>
<td>18,049</td>
<td>15,760</td>
<td>2,289</td>
<td colspan="2">3,113</td>
<td colspan="2">4,832</td>
<td colspan="2">1,416</td>
<td colspan="2">695</td>
<td colspan="2">135</td>
<td colspan="2">7,204</td>
<td colspan="2">654</td>
<td colspan="2">413</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Chile</td>
<td>15,112</td>
<td>14,477</td>
<td>9,814</td>
<td>4,663</td>
<td colspan="2">5,032</td>
<td colspan="2">3,324</td>
<td colspan="2">1,177</td>
<td colspan="2">1,582</td>
<td colspan="2">1,873</td>
<td colspan="2">1,422</td>
<td colspan="2">67</td>
<td colspan="2">635</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Colombia</td>
<td>12,247</td>
<td>12,196</td>
<td>5,353</td>
<td>6,843</td>
<td colspan="2">1,307</td>
<td colspan="2">3,376</td>
<td colspan="2">4,885</td>
<td colspan="2">1,243</td>
<td colspan="2">715</td>
<td colspan="2">619</td>
<td colspan="2">51</td>
<td colspan="2">51</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Costa Rica</td>
<td>2,626</td>
<td>2,616</td>
<td>2,066</td>
<td>550</td>
<td colspan="2">1,039</td>
<td colspan="2">661</td>
<td colspan="2">58</td>
<td colspan="2">40</td>
<td colspan="2">452</td>
<td colspan="2">365</td>
<td colspan="2">1</td>
<td colspan="2">10</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Ecuador</td>
<td>3,739</td>
<td>3,701</td>
<td>3,240</td>
<td>461</td>
<td colspan="2">770</td>
<td colspan="2">2,310</td>
<td colspan="2">199</td>
<td colspan="2">92</td>
<td colspan="2">63</td>
<td colspan="2">129</td>
<td colspan="2">138</td>
<td colspan="2">38</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>El Salvador</td>
<td>2,689</td>
<td>2,687</td>
<td>1,366</td>
<td>1,321</td>
<td colspan="2">273</td>
<td colspan="2">493</td>
<td colspan="2">410</td>
<td colspan="2">465</td>
<td colspan="2">446</td>
<td colspan="2">599</td>
<td colspan="2">1</td>
<td colspan="2">2</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Guatemala</td>
<td>1,697</td>
<td>1,641</td>
<td>1,471</td>
<td>170</td>
<td colspan="2">179</td>
<td colspan="2">1,115</td>
<td colspan="2">76</td>
<td colspan="2">46</td>
<td colspan="2">47</td>
<td colspan="2">166</td>
<td colspan="2">12</td>
<td colspan="2">56</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Honduras</td>
<td>1,796</td>
<td>1,775</td>
<td>1,699</td>
<td>76</td>
<td colspan="2">953</td>
<td colspan="2">677</td>
<td colspan="2">15</td>
<td colspan="2">4</td>
<td colspan="2">57</td>
<td colspan="2">65</td>
<td colspan="2">4</td>
<td colspan="2">21</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Mexico</td>
<td>59,688</td>
<td>56,139</td>
<td>38,433</td>
<td>17,706</td>
<td colspan="2">17,034</td>
<td colspan="2">18,824</td>
<td colspan="2">10,078</td>
<td colspan="2">6,721</td>
<td colspan="2">867</td>
<td colspan="2">2,257</td>
<td colspan="2">358</td>
<td colspan="2">3,549</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Panama</td>
<td>7,674</td>
<td>7,618</td>
<td>5,276</td>
<td>2,342</td>
<td colspan="2">2,149</td>
<td colspan="2">2,827</td>
<td colspan="2">1,409</td>
<td colspan="2">686</td>
<td colspan="2">245</td>
<td colspan="2">269</td>
<td colspan="2">33</td>
<td colspan="2">56</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Paraguay</td>
<td>687</td>
<td>678</td>
<td>631</td>
<td>47</td>
<td colspan="2">128</td>
<td colspan="2">492</td>
<td colspan="2">18</td>
<td colspan="2">15</td>
<td colspan="2">14</td>
<td colspan="2">3</td>
<td colspan="2">8</td>
<td colspan="2">9</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Peru</td>
<td>5,595</td>
<td>5,396</td>
<td>4,846</td>
<td>550</td>
<td colspan="2">2,901</td>
<td colspan="2">1,149</td>
<td colspan="2">13</td>
<td colspan="2">218</td>
<td colspan="2">316</td>
<td colspan="2">792</td>
<td colspan="2">7</td>
<td colspan="2">199</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Uruguay</td>
<td>5,730</td>
<td>5,584</td>
<td>4,272</td>
<td>1,312</td>
<td colspan="2">740</td>
<td colspan="2">1,950</td>
<td colspan="2">780</td>
<td colspan="2">208</td>
<td colspan="2">310</td>
<td colspan="2">1,299</td>
<td colspan="2">297</td>
<td colspan="2">146</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Venezuela</td>
<td>26,756</td>
<td>26,121</td>
<td>23,708</td>
<td>2,413</td>
<td colspan="2">7,554</td>
<td colspan="2">15,320</td>
<td colspan="2">262</td>
<td colspan="2">1,862</td>
<td colspan="2">258</td>
<td colspan="2">590</td>
<td colspan="2">275</td>
<td colspan="2">635</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>All other Latin America</td>
<td>674</td>
<td>674</td>
<td>636</td>
<td>38</td>
<td colspan="2">162</td>
<td colspan="2">391</td>
<td colspan="2">18</td>
<td colspan="2">4</td>
<td colspan="2">16</td>
<td colspan="2">72</td>
<td colspan="2">11</td>
<td colspan="2">-</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Total Latin America</td>
<td>182,536</td>
<td>176,452</td>
<td>130,322</td>
<td>46,130</td>
<td colspan="2">44,336</td>
<td colspan="2">67,841</td>
<td colspan="2">24,096</td>
<td colspan="2">15,172</td>
<td colspan="2">6,569</td>
<td colspan="2">16,356</td>
<td colspan="2">2,082</td>
<td colspan="2">6,084</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Caribbean:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="3"> </td>
</tr>
<tr class="odd">
<td>Aruba</td>
<td>470</td>
<td>470</td>
<td>391</td>
<td>79</td>
<td colspan="2">180</td>
<td colspan="2">172</td>
<td colspan="2">38</td>
<td colspan="2">10</td>
<td colspan="2">31</td>
<td colspan="2">6</td>
<td colspan="2">33</td>
<td colspan="2">-</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Bahamas</td>
<td>301,762</td>
<td>300,850</td>
<td>297,638</td>
<td>3,212</td>
<td colspan="2">203,345</td>
<td colspan="2">6,456</td>
<td colspan="2">2,388</td>
<td colspan="2">482</td>
<td colspan="2">182</td>
<td colspan="2">80,905</td>
<td colspan="2">7,092</td>
<td colspan="2">912</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>Barbados</td>
<td>17,675</td>
<td>17,622</td>
<td>3,416</td>
<td>14,206</td>
<td colspan="2">2,894</td>
<td colspan="2">497</td>
<td colspan="2">4,307</td>
<td colspan="2">6,010</td>
<td colspan="2">3,880</td>
<td colspan="2">25</td>
<td colspan="2">9</td>
<td colspan="2">53</td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td>Bermuda</td>
<td>46,176</td>
<td>44,705</td>
<td>20,172</td>
<td>24,533</td>
<td colspan="2">2,607</td>
<td colspan="2">9,440</td>
<td colspan="2">13,053</td>
<td colspan="2">10,223</td>
<td colspan="2">994</td>
<td colspan="2">185</td>
<td colspan="2">8,203</td>
<td colspan="2">1,471</td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td colspan="21">See footnotes at end of table.</td>
<td colspan="3"></td>
</tr>
</tbody>
</table>

<table style="width:100%;">
<colgroup>
<col style="width: 17%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 4%" />
<col style="width: 1%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 0%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 6%" />
<col style="width: 6%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="15"><h3
id="table-cm-i-3.total-liabilities-by-type-and-country-september-30-2008-preliminary-con.">TABLE
CM-I-3.—Total Liabilities by Type and Country, September 30, 2008,
Preliminary, con.</h3>
<p>[Position at end of period in millions of dollars. Source: Treasury
International Capital Reporting System]</p></td>
</tr>
<tr class="even">
<td rowspan="3">Country</td>
<td rowspan="3">Total liabilities payable in dollars and foreign
currency<br />
(1)</td>
<td colspan="12">Liabilities payable in dollars</td>
<td rowspan="3"> Total liabilities payable in foreign currency
<sup>3</sup><br />
(12)</td>
</tr>
<tr class="odd">
<td rowspan="2">Total liabilities payable in dollars<br />
(2)</td>
<td rowspan="2">Total own liabilities payable in dollars<br />
(3)</td>
<td rowspan="2">Total custody liabilities payable in dollars<br />
(4)</td>
<td colspan="3">Non-negotiable<br />
deposits and<br />
brokerage balances <sup>1</sup></td>
<td colspan="4"><blockquote>
<p>Negotiable CDs and short-term negotiable securities</p>
</blockquote></td>
<td colspan="2"><blockquote>
<p>Other<br />
Miscellaneous</p>
<p>liabilities <sup>2</sup></p>
</blockquote></td>
</tr>
<tr class="even">
<td colspan="2">Held by foreign official institutions and foreign
banks<br />
(5)</td>
<td>Held by all other foreigners<br />
(6)</td>
<td colspan="2">Of which: short-term U.S. Treasury obligations (7)</td>
<td><p>Of which: other short-term negotiable securities<br />
(excl. CDs)</p>
<p>(8)</p></td>
<td>Of which: negotiable CDs<br />
(9)</td>
<td>Held by foreign official institutions and foreign banks<br />
(10)</td>
<td>Held by all other foreigners (11) </td>
</tr>
<tr class="odd">
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td>Caribbean, con.</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>British Virgin Islands</td>
<td>43,463</td>
<td>41,946</td>
<td>21,679</td>
<td>20,267</td>
<td colspan="2">14</td>
<td>20,236</td>
<td>17,036</td>
<td colspan="2">2,230</td>
<td>828</td>
<td>1</td>
<td>1,601</td>
<td>1,517</td>
</tr>
<tr class="even">
<td>Cayman Islands</td>
<td>1,402,418</td>
<td>1,374,459</td>
<td>1,029,824</td>
<td>344,635</td>
<td colspan="2">418,508</td>
<td>142,910</td>
<td>44,650</td>
<td colspan="2">26,386</td>
<td>4,960</td>
<td>597,977</td>
<td>139,068</td>
<td>27,959</td>
</tr>
<tr class="odd">
<td>Dominican Republic</td>
<td>3,301</td>
<td>3,250</td>
<td>3,160</td>
<td>90</td>
<td colspan="2">795</td>
<td>2,182</td>
<td>13</td>
<td colspan="2">18</td>
<td>59</td>
<td>171</td>
<td>12</td>
<td>51</td>
</tr>
<tr class="even">
<td>Haiti</td>
<td>735</td>
<td>735</td>
<td>664</td>
<td>71</td>
<td colspan="2">252</td>
<td>252</td>
<td>18</td>
<td colspan="2">27</td>
<td>26</td>
<td>156</td>
<td>4</td>
<td>-</td>
</tr>
<tr class="odd">
<td>Jamaica</td>
<td>1,195</td>
<td>1,153</td>
<td>1,113</td>
<td>40</td>
<td colspan="2">511</td>
<td>327</td>
<td>29</td>
<td colspan="2">6</td>
<td>5</td>
<td>270</td>
<td>5</td>
<td>42</td>
</tr>
<tr class="even">
<td>Netherlands Antilles</td>
<td>4,815</td>
<td>4,717</td>
<td>3,826</td>
<td>891</td>
<td colspan="2">2,411</td>
<td>660</td>
<td>596</td>
<td colspan="2">264</td>
<td>31</td>
<td>505</td>
<td>250</td>
<td>98</td>
</tr>
<tr class="odd">
<td>Trinidad and Tobago</td>
<td>3,866</td>
<td>3,757</td>
<td>2,742</td>
<td>1,015</td>
<td colspan="2">1,408</td>
<td>239</td>
<td>179</td>
<td colspan="2">772</td>
<td>15</td>
<td>1,095</td>
<td>49</td>
<td>109</td>
</tr>
<tr class="even">
<td>All other Caribbean</td>
<td>13,469</td>
<td>12,685</td>
<td>12,417</td>
<td>268</td>
<td colspan="2">175</td>
<td>7,094</td>
<td>137</td>
<td colspan="2">74</td>
<td>49</td>
<td>11</td>
<td>5,145</td>
<td>784</td>
</tr>
<tr class="odd">
<td>Total Caribbean</td>
<td>1,839,345</td>
<td>1,806,349</td>
<td>1,397,042</td>
<td>409,307</td>
<td colspan="2">633,100</td>
<td>190,465</td>
<td>82,444</td>
<td colspan="2">46,502</td>
<td>11,060</td>
<td>681,307</td>
<td>161,471</td>
<td>32,996</td>
</tr>
<tr class="even">
<td>Asia:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>China, Mainland</td>
<td>122,722</td>
<td>122,713</td>
<td>45,254</td>
<td>77,459</td>
<td colspan="2">13,061</td>
<td>12,033</td>
<td>58,209</td>
<td colspan="2">18,851</td>
<td>337</td>
<td>20,175</td>
<td>47</td>
<td>9</td>
</tr>
<tr class="even">
<td>Hong Kong</td>
<td>54,488</td>
<td>52,416</td>
<td>32,460</td>
<td>19,956</td>
<td colspan="2">7,450</td>
<td>6,173</td>
<td>1,044</td>
<td colspan="2">17,730</td>
<td>939</td>
<td>5,857</td>
<td>13,223</td>
<td>2,072</td>
</tr>
<tr class="odd">
<td>India</td>
<td>18,257</td>
<td>18,201</td>
<td>4,410</td>
<td>13,791</td>
<td colspan="2">1,660</td>
<td>1,242</td>
<td>5,046</td>
<td colspan="2">8,615</td>
<td>14</td>
<td>1,516</td>
<td>108</td>
<td>56</td>
</tr>
<tr class="even">
<td>Indonesia</td>
<td>8,273</td>
<td>8,269</td>
<td>2,926</td>
<td>5,343</td>
<td colspan="2">1,323</td>
<td>348</td>
<td>2,665</td>
<td colspan="2">2,642</td>
<td>36</td>
<td>1,244</td>
<td>11</td>
<td>4</td>
</tr>
<tr class="odd">
<td>Israel</td>
<td>11,392</td>
<td>11,248</td>
<td>6,664</td>
<td>4,584</td>
<td colspan="2">1,770</td>
<td>1,770</td>
<td>3,718</td>
<td colspan="2">629</td>
<td>227</td>
<td>3,111</td>
<td>23</td>
<td>144</td>
</tr>
<tr class="even">
<td>Japan</td>
<td>199,438</td>
<td>150,036</td>
<td>82,295</td>
<td>67,741</td>
<td colspan="2">45,459</td>
<td>6,730</td>
<td>55,522</td>
<td colspan="2">9,501</td>
<td>335</td>
<td>30,823</td>
<td>1,666</td>
<td>49,402</td>
</tr>
<tr class="odd">
<td>Jordan</td>
<td>1,320</td>
<td>1,319</td>
<td>1,154</td>
<td>165</td>
<td colspan="2">890</td>
<td>48</td>
<td>59</td>
<td colspan="2">-</td>
<td>106</td>
<td>216</td>
<td>-</td>
<td>1</td>
</tr>
<tr class="even">
<td>Korea, South</td>
<td>16,739</td>
<td>16,446</td>
<td>7,713</td>
<td>8,733</td>
<td colspan="2">2,006</td>
<td>660</td>
<td>697</td>
<td colspan="2">5,273</td>
<td>2,689</td>
<td>4,922</td>
<td>199</td>
<td>293</td>
</tr>
<tr class="odd">
<td>Malaysia</td>
<td>2,296</td>
<td>2,293</td>
<td>1,906</td>
<td>387</td>
<td colspan="2">1,093</td>
<td>116</td>
<td>156</td>
<td colspan="2">197</td>
<td>11</td>
<td>696</td>
<td>24</td>
<td>3</td>
</tr>
<tr class="even">
<td>Pakistan</td>
<td>2,127</td>
<td>2,127</td>
<td>1,747</td>
<td>380</td>
<td colspan="2">668</td>
<td>151</td>
<td>259</td>
<td colspan="2">82</td>
<td>10</td>
<td>933</td>
<td>24</td>
<td>-</td>
</tr>
<tr class="odd">
<td>Philippines</td>
<td>4,119</td>
<td>4,101</td>
<td>3,593</td>
<td>508</td>
<td colspan="2">1,788</td>
<td>456</td>
<td>360</td>
<td colspan="2">109</td>
<td>39</td>
<td>1,298</td>
<td>51</td>
<td>18</td>
</tr>
<tr class="even">
<td>Singapore</td>
<td>32,288</td>
<td>30,891</td>
<td>25,529</td>
<td>5,362</td>
<td colspan="2">20,962</td>
<td>1,465</td>
<td>4,333</td>
<td colspan="2">862</td>
<td>133</td>
<td>2,924</td>
<td>212</td>
<td>1,397</td>
</tr>
<tr class="odd">
<td>Taiwan</td>
<td>29,784</td>
<td>29,733</td>
<td>26,974</td>
<td>2,759</td>
<td colspan="2">7,805</td>
<td>6,848</td>
<td>1,982</td>
<td colspan="2">241</td>
<td>501</td>
<td>12,344</td>
<td>12</td>
<td>51</td>
</tr>
<tr class="even">
<td>Thailand</td>
<td>14,365</td>
<td>14,361</td>
<td>1,644</td>
<td>12,717</td>
<td colspan="2">883</td>
<td>293</td>
<td>12,604</td>
<td colspan="2">77</td>
<td>15</td>
<td>485</td>
<td>4</td>
<td>4</td>
</tr>
<tr class="odd">
<td>All other Asia</td>
<td>133,020</td>
<td>132,885</td>
<td>44,665</td>
<td>88,220</td>
<td colspan="2">11,422</td>
<td>1,762</td>
<td>67,920</td>
<td colspan="2">14,992</td>
<td>5,299</td>
<td>31,394</td>
<td>96</td>
<td>135</td>
</tr>
<tr class="even">
<td>Total Asia</td>
<td>650,628</td>
<td>597,039</td>
<td>288,934</td>
<td>308,105</td>
<td colspan="2">118,240</td>
<td>40,095</td>
<td>214,574</td>
<td colspan="2">79,801</td>
<td>10,691</td>
<td>117,938</td>
<td>15,700</td>
<td>53,589</td>
</tr>
<tr class="odd">
<td>Africa:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Egypt</td>
<td>7,323</td>
<td>7,321</td>
<td>4,172</td>
<td>3,149</td>
<td colspan="2">989</td>
<td>112</td>
<td>3,002</td>
<td colspan="2">22</td>
<td>125</td>
<td>3,071</td>
<td>-</td>
<td>2</td>
</tr>
<tr class="odd">
<td>Ghana</td>
<td>399</td>
<td>386</td>
<td>386</td>
<td>-</td>
<td colspan="2">215</td>
<td>39</td>
<td>-</td>
<td colspan="2">-</td>
<td>-</td>
<td>132</td>
<td>-</td>
<td>13</td>
</tr>
<tr class="even">
<td>Kenya</td>
<td>306</td>
<td>306</td>
<td>293</td>
<td>13</td>
<td colspan="2">170</td>
<td>65</td>
<td>11</td>
<td colspan="2">2</td>
<td>-</td>
<td>58</td>
<td>-</td>
<td>-</td>
</tr>
<tr class="odd">
<td>Liberia</td>
<td>325</td>
<td>323</td>
<td>223</td>
<td>100</td>
<td colspan="2">1</td>
<td>150</td>
<td>71</td>
<td colspan="2">24</td>
<td>1</td>
<td>72</td>
<td>4</td>
<td>2</td>
</tr>
<tr class="even">
<td>Morocco</td>
<td>533</td>
<td>532</td>
<td>514</td>
<td>18</td>
<td colspan="2">469</td>
<td>33</td>
<td>1</td>
<td colspan="2">-</td>
<td>5</td>
<td>12</td>
<td>12</td>
<td>1</td>
</tr>
<tr class="odd">
<td>South Africa</td>
<td>2,983</td>
<td>2,967</td>
<td>2,378</td>
<td>589</td>
<td colspan="2">1,923</td>
<td>305</td>
<td>443</td>
<td colspan="2">14</td>
<td>132</td>
<td>143</td>
<td>7</td>
<td>16</td>
</tr>
<tr class="even">
<td>All other Africa</td>
<td>13,150</td>
<td>12,952</td>
<td>10,685</td>
<td>2,267</td>
<td colspan="2">5,634</td>
<td>857</td>
<td>2,148</td>
<td colspan="2">113</td>
<td>6</td>
<td>4,146</td>
<td>48</td>
<td>198</td>
</tr>
<tr class="odd">
<td>Total Africa</td>
<td>25,019</td>
<td>24,787</td>
<td>18,651</td>
<td>6,136</td>
<td colspan="2">9,401</td>
<td>1,561</td>
<td>5,676</td>
<td colspan="2">175</td>
<td>269</td>
<td>7,634</td>
<td>71</td>
<td>232</td>
</tr>
<tr class="even">
<td>Other countries:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Australia</td>
<td>18,562</td>
<td>17,666</td>
<td>12,056</td>
<td>5,610</td>
<td colspan="2">5,399</td>
<td>1,312</td>
<td>1,275</td>
<td colspan="2">994</td>
<td>3,138</td>
<td>4,371</td>
<td>1,177</td>
<td>896</td>
</tr>
<tr class="even">
<td>New Zealand</td>
<td>4,025</td>
<td>3,990</td>
<td>2,579</td>
<td>1,411</td>
<td colspan="2">666</td>
<td>149</td>
<td>1,185</td>
<td colspan="2">218</td>
<td>8</td>
<td>1,628</td>
<td>136</td>
<td>35</td>
</tr>
<tr class="odd">
<td>All other</td>
<td>17,861</td>
<td>552</td>
<td>467</td>
<td>85</td>
<td colspan="2">102</td>
<td>197</td>
<td>57</td>
<td colspan="2">11</td>
<td>17</td>
<td>165</td>
<td>3</td>
<td>17,309</td>
</tr>
<tr class="even">
<td>Total other</td>
<td>40,448</td>
<td>22,208</td>
<td>15,102</td>
<td>7,106</td>
<td colspan="2">6,167</td>
<td>1,658</td>
<td>2,517</td>
<td colspan="2">1,223</td>
<td>3,163</td>
<td>6,164</td>
<td>1,316</td>
<td>18,240</td>
</tr>
<tr class="odd">
<td>All countries</td>
<td>4,471,714</td>
<td>4,222,659</td>
<td>3,009,247</td>
<td>1,213,412</td>
<td colspan="2">1,089,711</td>
<td>355,924</td>
<td>499,524</td>
<td colspan="2">329,432</td>
<td>97,584</td>
<td>1,321,561</td>
<td>528,923</td>
<td>249,055</td>
</tr>
<tr class="even">
<td>International and regional orgs:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>International organizations</td>
<td>19,807</td>
<td>18,304</td>
<td>14,717</td>
<td>3,587</td>
<td colspan="2">-</td>
<td>10,783</td>
<td>103</td>
<td colspan="2">363</td>
<td>3,121</td>
<td>-</td>
<td>3,934</td>
<td>1,503</td>
</tr>
<tr class="even">
<td>Regional organizations<sup>5</sup></td>
<td>5,524</td>
<td>5,368</td>
<td>3,092</td>
<td>2,276</td>
<td colspan="2">-</td>
<td>1,563</td>
<td>183</td>
<td colspan="2">1,974</td>
<td>119</td>
<td>-</td>
<td>1,529</td>
<td>156</td>
</tr>
<tr class="odd">
<td>Total International and<br />
regional organizations</td>
<td>25,331</td>
<td>23,672</td>
<td>17,809</td>
<td>5,863</td>
<td colspan="2">-</td>
<td>12,346</td>
<td>286</td>
<td colspan="2">2,337</td>
<td>3,240</td>
<td>-</td>
<td>5,463</td>
<td>1,659</td>
</tr>
<tr class="even">
<td>Grand total</td>
<td>4,497,045</td>
<td>4,246,331</td>
<td>3,027,056</td>
<td>1,219,275</td>
<td colspan="2">1,089,711</td>
<td>368,270</td>
<td>499,810</td>
<td colspan="2">331,769</td>
<td>100,824</td>
<td>1,321,561</td>
<td>534,386</td>
<td>250,714</td>
</tr>
<tr class="odd">
<td></td>
<td colspan="14"></td>
</tr>
<tr class="even">
<td></td>
<td colspan="14"></td>
</tr>
<tr class="odd">
<td colspan="6"><p><sup>1</sup> Excludes negotiable certificates of
deposit.</p>
<p><sup>2</sup> Includes both banks' own liabilities and banks' customer
liabilities to foreigners primarily in the form of loans, including
loans associated with repurchase agreements, and non-negotiable
short-term securities.</p>
<p><sup>3</sup> Foreign currency data are as of the previous
quarter-end.</p></td>
<td colspan="9"><p><sup>4</sup> Includes Austria, Belgium, Finland,
France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands,
Portugal, and Spain. For data as of January 2008, also includes Cyprus,
Malta, and Slovenia.</p>
<p><sup>5</sup> Includes European, Latin American, Caribbean, Asian,
African, and Middle East regional organizations.</p></td>
</tr>
</tbody>
</table>

#### CHART CM-A.---U.S. Liabilities to Foreigners

##### **Reported by U.S. Banks, Brokers, and Dealers with Respect to Selected Countries**

  -------------------- ----------- ----------- ----------- ----------- -----------
  \[In millions of                                                     
  dollars. Source:                                                     
  Treasury                                                             
  International                                                        
  Capital Reporting                                                    
  System\]                                                             

  Country              Calendar                                        
                       years                                           

                       2004        2005        2006        2007        Sept. 2008

                                                                       

  United Kingdom       501,721     590,505     926,069     1,063,674   821,277

  All other Europe     611,774     691,138     648,551     820,653     837,222

  Caribbean banking    1,186,221   1,200,444   1,666,987   1,873,528   1,806,308
  centers ^1^                                                          

  Japan                173,872     161,951     141,655     190,119     199,438

  All other Asia       260,142     256,934     299,495     385,580     451,190

  Subtotal l           2,733,730   2,900,972   3,682,757   4,333,554   4,115,435

  All other countries  284,143     285,773     327,602     373,333     381,610

  Grand total          3,017,873   3,186,745   4,010,359   4,706,887   4,497,045

                                                                       

                                                                       

  ^1^ Includes                                                         
  Bahamas, Bermuda,                                                    
  Cayman Islands,                                                      
  Netherlands                                                          
  Antilles, and                                                        
  Panama. For data                                                     
  beginning June 2006,                                                 
  also includes the                                                    
  British Virgin                                                       
  Islands.                                                             
  -------------------- ----------- ----------- ----------- ----------- -----------

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