DEPARTMENT OF THE TREASURY

OFFICE OF PUBLIC AFFAIRS 

November 16, 2004 Contact: Brookly McLaughlin 

EMBARGOED UNTIL 9:00 AM 202-622-1996 

TREASURY INTERNATIONAL CAPITAL DATA FOR SEPTEMBER 

Treasury International Capital (TIC) data for September are released today and posted on the 

U.S. Treasury web site (www.treas.gov/tic). The next release date, which will report on data for 

October, is scheduled for December 15, 2004. 

Long-Term Domestic Securities

Gross purchases of domestic securities by foreigners were $1,397.7 billion in September, 

exceeding gross sales of domestic securities by foreigners of $1,336.7 billion during the same 

month. 

Foreign purchases of domestic securities reached $61.0 billion on a net basis in September, 

relative to $60.2 billion during the previous month. Private net flows reached $47.7 billion in 

September. Net private purchases of Treasury Bonds and Notes increased to $9.2 billion from 

minus $4.4 billion the preceding month. Net private purchases of Government Agency Bonds 

were minus $1.1 billion, down from $18.6 billion the previous month. Net private purchases of 

Corporate Bonds rose to $43.5 billion from $25.4 billion the previous month. Net private 

purchases of Equities declined to minus $3.9 billion from minus $2.1 billion. 

Official net purchases of U.S. securities were $13.3 billion in September, relative to $22.8 billion 

in August. Official net purchases of Treasury Bonds and Notes of $10.1 billion accounted for 

the bulk of official inflows in September, down from $19.1 billion the previous month. 

Long-Term Foreign Securities

Gross purchases of foreign securities owned by U.S. residents were $253.8 billion in September, 

relative to gross sales of foreign securities to U.S. residents of $251.4 billion during the same 

month. 
2

Gross sales of foreign securities to U.S. residents fell short of purchases by $2.4 billion, 

highlighting net U.S. sales of $2.1 billion in Foreign Equities and net sales of $0.3 billion in 

Foreign Bonds. 

Net Long-Term Securities Flows

Net foreign purchases of both domestic and foreign long-term securities from U.S. residents 

were $63.4 billion in September compared with $59.9 billion in August. Net foreign purchases 

of long-term securities were $833.5 billion in the 12-months through September 2004 as 

compared to $664.3 billion during the twelve months through September 2003. 

The full data set, including adjustments for repayments of principal on asset-backed securities, as 

well as historical series, can be found on the TIC web site, http://www.treas.gov/tic/. 

Foreigners’ Transactions in Long-Term Securities with U.S. Residents 

(Billions of dollars, not seasonally adjusted) 

 

12 Months Through

2002 2003 Sep-03 Sep-04 Jun-04 Jul-04 Aug-04 Sep-04

1 Gross Purchases of Domestic Securities 13,022.9 14,922.1 14,565.5 16,327.2 1,338.6 1,309.1 1,359.4 1,397.7

2 Gross Sales of Domestic Securities 12,475.4 14,175.0 13,869.7 15,427.8 1,253.3 1,230.0 1,299.1 1,336.7

3 Domestic Securities Purchased, net (line 1 less line 2) /1 547.6 747.1 695.8 899.4 85.3 79.2 60.2 61.0

4 Private, net /2 508.3 607.7 591.6 647.1 66.9 72.8 37.4 47.7

5 Treasury Bonds & Notes, net 112.8 168.8 161.6 167.3 23.0 18.3 -4.4 9.2

6 Gov't Agency Bonds, net 166.6 136.1 159.2 172.2 15.2 17.7 18.6 -1.1

7 Corporate Bonds, net 176.7 264.7 240.7 288.2 26.5 27.1 25.4 43.5

8 Equities, net 52.2 38.1 30.0 19.4 2.2 9.7 -2.1 -3.9

9 Official, net 39.3 139.4 104.3 252.2 18.3 6.4 22.8 13.3

10 Treasury Bonds & Notes, net 7.1 109.3 78.3 213.9 17.5 4.1 19.1 10.1

11 Gov't Agency Bonds, net 28.6 24.9 21.4 30.0 0.6 1.4 2.6 2.0

12 Corporate Bonds, net 5.6 5.5 4.4 8.9 0.7 0.8 1.1 1.1

13 Equities, net -2.0 -0.4 0.1 -0.6 -0.5 0.1 0.1 0.0

14 Gross Purchases of Foreign Securities 2,640.0 3,037.8 2,874.5 3,529.7 291.6 287.0 255.7 253.8

15 Gross Sales of Foreign Securities 2,613.0 3,086.4 2,906.1 3,595.6 303.9 303.1 256.0 251.4

16 Foreign Securities Purchased, net (line 14 less line 15) /3 27.0 -48.7 -31.6 -65.9 -12.2 -16.2 -0.4 2.4

17 Foreign Bonds Purchased, net 28.5 22.3 35.8 -4.0 -7.0 -7.3 -1.7 0.3

18 Foreign Equities Purchased, net -1.5 -71.0 -67.4 -61.9 -5.2 -8.9 1.3 2.1

19 Net Long-Term Flows (line 3 plus line 16) 574.6 698.4 664.3 833.5 73.0 63.0 59.9 63.4

/1 Net foreign purchases of U.S. securities (+)

/2 Includes International and Regional Organizations

/3 Net U.S. acquisitions of foreign securities (-)

Source: U.S. Department of the Treasury