DEPARTMENT OF THE TREASURY

OFFICE OF PUBLIC AFFAIRS 

February 15, 2005 Contact: Tony Fratto 

EMBARGOED UNTIL 9:00 AM 202-622-2910 

Treasury International Capital Data for December 

Treasury International Capital (TIC) data for December 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 

January, is scheduled for March 15, 2005. 

Long-Term Domestic Securities

Gross purchases of domestic securities by foreigners were $1,317.0 billion in December, 

exceeding gross sales of domestic securities by foreigners of $1,234.1 billion during the same

month. 

Foreign purchases of domestic securities reached $82.9 billion on a net basis in December, 

relative to $100.7 billion during the previous month. Private net flows reached $72.6 billion in 

December. Net private purchases of Treasury Bonds and Notes decreased to $1.4 billion from

$11.8 billion the preceding month. Net private purchases of Government Agency Bonds were 

$25.6 billion, up from $24.3 billion the previous month. Net private purchases of Corporate 

Bonds rose to $39.1 billion from $23.7 billion the previous month. Net private purchases of 

Equities fell to $6.5 billion from $13.0 billion. 

Official net purchases of U.S. securities were $10.3 billion in December, relative to $27.9 billion 

in November. Official net purchases of Treasury Bonds and Notes of $7.0 billion accounted for 

the bulk of official inflows in December, down from $21.0 billion the previous month. 

Long-Term Foreign Securities

Gross purchases of foreign securities owned by U.S. residents were $259.8 billion in December, 

relative to gross sales of foreign securities to U.S. residents of $281.4 billion during the same

month. 
Gross sales of foreign securities to U.S. residents exceeded purchases by $21.6 billion, 

highlighting net foreign sales of $15.4 billion in Foreign Equities and $6.2 billion in Foreign 

Bonds to U.S. residents. 

Net Long-Term Securities Flows

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

were $61.3 billion in December compared with $89.3 billion in November. Net foreign 

purchases of long-term securities were $821.8 billion in 2004 as compared to $683.6 billion 

during 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) 

2002 2003 2004 Sep-04 Oct-04 Nov-04 Dec-04

1 Gross Purchases of Domestic Securities 13,022.9 14,374.7 15,393.5 1,257.7 1,204.5 1,411.5 1,317.0

2 Gross Sales of Domestic Securities 12,475.4 13,628.8 14,477.7 1,192.0 1,139.9 1,310.8 1,234.1

3 Domestic Securities Purchased, net (line 1 less line 2) /1 547.6 745.9 915.8 65.7 64.6 100.7 82.9

4 Private, net /2 508.3 602.8 679.6 51.4 49.7 72.8 72.6

5 Treasury Bonds & Notes, net 112.8 160.5 153.6 5.8 5.2 11.8 1.4

6 Gov't Agency Bonds, net 166.6 140.9 212.2 6.2 22.9 24.3 25.6

7 Corporate Bonds, net 176.7 263.3 289.4 42.3 18.1 23.7 39.1

8 Equities, net 52.2 38.2 24.4 -2.9 3.6 13.0 6.5

9 Official, net 39.3 143.1 236.2 14.3 14.9 27.9 10.3

10 Treasury Bonds & Notes, net 7.1 113.5 203.1 10.9 15.6 21.0 7.0

11 Gov't Agency Bonds, net 28.6 24.3 20.3 2.2 -0.9 3.5 1.0

12 Corporate Bonds, net 5.6 5.6 11.4 1.2 0.9 1.9 1.7

13 Equities, net -2.0 -0.3 1.4 0.0 -0.7 1.5 0.6

14 Gross Purchases of Foreign Securities 2,640.0 2,891.0 3,177.7 242.4 253.8 268.7 259.8

15 Gross Sales of Foreign Securities 2,613.0 2,953.4 3,271.7 247.0 271.5 280.0 281.4

16 Foreign Securities Purchased, net (line 14 less line 15) / 27.0 -62.3 -94.0 -4.6 -17.7 -11.4 -21.6

17 Foreign Bonds Purchased, net 28.5 20.1 -2.3 -0.8 -5.1 -2.9 -6.2

18 Foreign Equities Purchased, net -1.5 -82.4 -91.7 -3.7 -12.7 -8.5 -15.4

19 Net Long-Term Flows (line 3 plus line 16) 574.6 683.6 821.8 61.2 46.9 89.3 61.3

/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

 

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