U.S. TREASURY DEPARTMENT 

OFFICE OF PUBLIC AFFAIRS

EMBARGOED FOR 9:00 AM EST: December 15, 2011

CONTACT: Treasury Public Affairs (202) 622-2960

TREASURY INTERNATIONAL CAPITAL DATA FOR OCTOBER

WASHINGTON – The U.S. Department of the Treasury today released Treasury International 

Capital (TIC) data for October 2011. The next release, which will report on data for November

2011, is scheduled for January 18, 2012.

Foreign residents increased their holdings of long-term U.S. securities in October — net

purchases were $2.6 billion. Net purchases by private foreign investors were $10.1 billion, and

net sales by foreign official institutions were $7.5 billion.

At the same time, U.S. residents decreased their holdings of long-term foreign securities, with 

net sales of $2.2 billion.

Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of 

long-term securities were $4.8 billion. After including adjustments, such as estimates of 

unrecorded principal payments to foreigners on U.S. asset-backed securities, the overall net 

foreign acquisition of long-term securities is estimated to have been negative $13.4 billion in 

October.

Foreigners decreased their holdings of U.S. Treasury bills by $11.5 billion. Foreign holdings of 

all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $41.0

billion. 

Banks’ own net dollar-denominated liabilities to foreign residents increased by $0.7 billion.

In sum, the net foreign acquisition of long-term securities, the change in foreign holdings of 

short-term U.S. securities, and banking flows yielded monthly net TIC outflows of $48.8 billion.

Of this, net foreign private outflows were $7.0 billion, and net foreign official outflows were

$41.9 billion.

Complete data are available on the Treasury website at:

www.treasury.gov/resource-center/data-chart-center/tic/Pages/index.aspx
12 Months Through

2009 2010 Oct-10 Oct-11 Jul-11 Aug-11 Sep-11 Oct-11

Foreigners' Acquisitions of Long-term Securities

1 Gross Purchases of Domestic U.S. Securities 20479.7 25017.0 23990.7 28683.5 2100.7 3194.1 2335.3 2163.1

2 Gross Sales of Domestic U.S. Securities 19840.9 24108.7 23036.8 28127.7 2076.6 3131.8 2269.7 2160.5

3 Domestic Securities Purchased, net (line 1 less line 2) /1 638.9 908.3 954.0 555.8 24.1 62.3 65.6 2.6

4 Private, net /2 511.0 776.1 799.5 363.2 9.8 70.9 28.3 10.1

5 Treasury Bonds & Notes, net 377.0 531.6 580.5 272.2 1.7 69.7 45.6 16.9

6 Gov't Agency Bonds, net 31.4 146.2 132.1 49.1 6.9 9.8 8.9 3.0

7 Corporate Bonds, net -38.4 -14.0 -32.5 -17.6 1.6 -2.1 -6.8 -11.8

8 Equities, net 141.1 112.3 119.5 59.5 -0.4 -6.5 -19.4 2.0

9 Official, net /3 127.9 132.2 154.4 192.6 14.2 -8.7 37.3 -7.5

10 Treasury Bonds & Notes, net 161.4 172.1 197.2 168.5 13.9 -9.6 38.8 -9.4

11 Gov't Agency Bonds, net -42.9 -38.2 -42.2 21.1 1.3 -1.0 -1.7 0.7

12 Corporate Bonds, net -2.3 0.8 -0.5 -0.9 -0.4 2.0 0.3 0.2

13 Equities, net 11.7 -2.5 -0.1 4.0 -0.6 0.0 0.0 0.9

14 Gross Purchases of Foreign Securities from U.S. Residents 5121.4 7323.8 7105.3 7587.5 595.8 644.5 587.7 581.2

15 Gross Sales of Foreign Securities to U.S. Residents 5308.3 7439.1 7211.7 7700.1 610.8 652.7 585.0 579.0

16 Foreign Securities Purchased, net (line 14 less line 15) /4 -186.8 -115.3 -106.5 -112.6 -15.0 -8.2 2.7 2.2

17 Foreign Bonds Purchased, net -127.5 -54.6 -64.0 -13.3 0.6 -5.0 1.0 4.1

18 Foreign Equities Purchased, net -59.4 -60.6 -42.5 -99.3 -15.6 -3.3 1.8 -1.9

19 Net Long-term Securities Transactions (line 3 plus line 16): 452.0 793.0 847.5 443.2 9.1 54.0 68.3 4.8

20 Other Acquisitions of Long-term Securities, net /5 -205.1 -235.3 -220.8 -183.8 -17.2 -10.9 -12.9 -13.4

21 Net Foreign Acquisition of Long-term Securities

(lines 19 and 20): 246.9 557.7 626.7 259.4 -8.1 43.2 55.4 -8.6

22 Increase in Foreign Holdings of Dollar-denominated Short-term

U.S. Securities and Other Custody Liabilities: /6 -166.8 -55.3 -77.9 -209.2 -40.0 23.0 -4.9 -41.0

23 U.S. Treasury Bills -7.6 -20.4 -43.5 -157.6 -32.1 28.2 3.2 -11.5

24 Private, net -77.8 45.3 19.1 -0.9 -16.6 11.3 25.2 1.1

25 Official, net 70.2 -65.8 -62.5 -156.7 -15.4 16.9 -21.9 -12.7

26 Other Negotiable Instruments

and Selected Other Liabilities: /7 -159.2 -34.9 -34.4 -51.6 -8.0 -5.2 -8.1 -29.4

27 Private, net -121.2 -36.8 -48.3 -33.8 -7.3 -6.3 -4.0 -23.3

28 Official, net -38.0 1.9 13.9 -17.8 -0.6 1.1 -4.1 -6.2

29 Change in Banks' Own Net Dollar-denominated Liabilities -396.4 -205.7 -251.3 310.1 -10.5 18.9 14.4 0.7

30 Monthly Net TIC Flows (lines 21,22,29) /8 -316.3 296.7 297.5 360.3 -58.6 85.0 65.0 -48.8

of which

31 Private, net -342.5 365.9 319.1 430.8 -50.9 54.3 78.6 -7.0

32 Official, net 26.2 -69.2 -21.5 -70.5 -7.6 30.7 -13.6 -41.9

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

/2 Includes international and regional organizations

/3 The reported division of net purchases of long-term securities between net purchases by foreign official institutions and net purchases

of other foreign investors is subject to a "transaction bias" described in Frequently Asked Questions 7 and 10.a.4 on the TIC website.

/4 Net transactions in foreign securities by U.S. residents. Foreign purchases of foreign securities = U.S. sales of foreign securities to foreigners.

Thus negative entries indicate net U.S. purchases of foreign securities, or an outflow of capital from the United States; positive entries

indicate net U.S. sales of foreign securities.

/5 Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities +

estimated foreign acquisitions of U.S. equity through stock swaps -

estimated U.S. acquisitions of foreign equity through stock swaps +

increase in nonmarketable Treasury Bonds and Notes Issued to Official Institutions and Other Residents of Foreign Countries.

/6 These are primarily data on monthly changes in banks' and broker/dealers' custody liabilities. Data on custody claims are collected

quarterly and published in the Treasury Bulletin and the TIC website.

/7 "Selected Other Liabilities" are primarily the foreign liabilities of U.S. customers that are managed by U.S. banks or broker/dealers.

/8 TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected

and published by the Department of Commerce's Bureau of Economic Analysis. In addition to the monthly data summarized here, the

TIC collects quarterly data on some banking and nonbanking assets and liabilities. Frequently Asked Question 1 on the TIC website

describes the scope of TIC data collection.

TIC Monthly Reports on Cross-Border Financial Flows

(Billions of dollars, not seasonally adjusted)