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The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2013.
The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative $2.9 billion. Of this, net foreign private outflows were negative $15.1 billion, and net foreign official inflows were $12.1 billion.
Foreign residents decreased their holdings of long-term U.S. securities in August; net sales were $8.5 billion. Net sales by private foreign investors were $3.7 billion, and net sales by foreign official institutions were $4.8 billion.
At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of $0.4 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign sales of long-term securities were $8.9 billion. After including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, overall net foreign sales of long-term securities is estimated to have been negative $24.3 billion in August.
Foreign residents increased their holdings of U.S. Treasury bills by $17.5 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $5.8 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased by $27.2 billion.
