The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2011. The next release, which will report on data for September 2011, is scheduled for November 16, 2011.
Foreign residents increased their holdings of long-term U.S. securities in August — net purchases were $66.0 billion. Net purchases by private foreign investors were $74.7 billion, and net purchases by foreign official institutions were negative $8.7 billion.
At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of $8.1 billion. Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were $57.9 billion. After adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, are included, the overall net foreign acquisition of long-term securities is estimated to have been $47.0 billion in August.
Foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased $23.6 billion. Banks’ own net dollar-denominated liabilities to foreign residents increased $19.0 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 inflows of $89.6 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $30.8 billion.