Tuesday, September 16, 2008
Treasury International Capital (TIC) Data for July Treasury International Capital (TIC) data for July 2008 are released today and posted on the U.S. Treasury website (www.treas.gov/tic). The next release, which will report on data for August, is scheduled for October 16, 2008. Net foreign purchases of long-term securities were $6.1 billion. Net foreign purchases of long-term U.S. securities were negative $25.6 billion. Of this, net purchases by private foreign investors were negative $20.7 billion, and net purchases by foreign official institutions were negative $4.9 billion. U.S. residents sold a net $31.7 billion of long-term foreign securities. Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $8.2 billion. Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $8.4 billion. Foreign holdings of Treasury bills decreased $4.4 billion. Banks' own net dollar-denominated liabilities to foreign residents declined $58.1 billion. Monthly net TIC flows were negative $74.8 billion. Of this, net foreign private flows were negative $92.9 billion, and net foreign official flows were $18.2 billion. -------------------- NET OF 74.8 BILLION IS A GOOD NUMBER...WAIT UNTIL NEXT MONTH'S REPORT... WON'T EVEN BE CLOSE TO BEING HEALTHY.