| F.107 Rest of the World | ||||||||||||||||||||||
| Billions of dollars; quarterly figures are seasonally adjusted annual rates | ||||||||||||||||||||||
| stock price direction | DOWN | DOWN | DOWN | UP | UP | UP | DOWN | UP | UP | UP | DOWN | |||||||||||
| bond price direction | UP | UP | UP | UP | DOWN | DOWN | UP | DOWN | DOWN | DOWN | DOWN | |||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |||||||||||||||||
| 1 | Foreign income from U.S. | 1725.6 | 1769.9 | 1889.8 | 2237.4 | 2587.9 | 2477.5 | 2534.1 | 2554.5 | 2785.4 | 2824.8 | 2942.6 | 1 | |||||||||
| 2 | U.S. imports | 1399.8 | 1430.3 | 1540.2 | 1791.4 | 2019.8 | 1930.2 | 1980.2 | 2041.2 | 2127.8 | 2170.6 | 2224.4 | 2 | |||||||||
| 3 | U.S. income payments to rest of world | 278.8 | 275.0 | 280.0 | 363.9 | 481.5 | 437.9 | 460.6 | 475.0 | 552.4 | 574.3 | 634.8 | 3 | |||||||||
| 4 | Current taxes and trans. payments to rest of world | 47.0 | 64.5 | 69.7 | 82.1 | 86.6 | 109.4 | 93.3 | 38.4 | 105.2 | 79.9 | 83.4 | 4 | |||||||||
| 5 | Foreign outlays to U.S. | 1355.2 | 1311.6 | 1377.6 | 1588.3 | 1816.5 | 1726.2 | 1782.8 | 1839.6 | 1917.3 | 2008.7 | 2098.0 | 5 | |||||||||
| 6 | U.S. exports | 1032.8 | 1005.9 | 1040.8 | 1178.1 | 1303.1 | 1254.0 | 1293.8 | 1312.4 | 1352.4 | 1405.4 | 1444.0 | 6 | |||||||||
| 7 | U.S. income receipts from rest of world | 322.4 | 305.7 | 336.8 | 410.2 | 513.3 | 472.2 | 489.0 | 527.2 | 564.9 | 603.3 | 654.0 | 7 | |||||||||
| 8 | Net capital transfers (1) | 1.1 | 1.4 | 3.4 | 2.2 | 4.3 | 10.7 | 2.4 | 2.1 | 2.0 | 6.5 | 5.7 | 8 | |||||||||
| 9 | Gross saving and net capital transfers (2) | 371.5 | 459.7 | 515.6 | 651.3 | 775.7 | 762.0 | 753.6 | 717.0 | 870.2 | 822.6 | 850.4 | 9 | |||||||||
| 10 | Gross investment | 399.0 | 501.8 | 535.2 | 580.1 | 781.0 | 536.1 | 596.9 | 1022.5 | 968.7 | 678.5 | 613.6 | 10 | |||||||||
| 11 | Nonproduced nonfinancial assets | 0.0 | 0.1 | 0.2 | 0.0 | -0.1 | -0.1 | 0.0 | -0.1 | 0.0 | -0.6 | 0.9 | 11 | |||||||||
| 12 | Net financial investment | 399.0 | 501.7 | 535.0 | 580.2 | 781.1 | 536.2 | 596.9 | 1022.6 | 968.7 | 679.1 | 612.7 | 12 | |||||||||
| 13 | Net acquisition of financial assets | 657.7 | 771.2 | 824.0 | 1320.6 | 1045.5 | 805.7 | 1001.2 | 1505.4 | 869.8 | 1469.9 | 1319.4 | 13 | |||||||||
| 14 | Gold and SDRs (3) | -0.6 | -0.5 | 0.6 | -0.4 | 4.5 | 6.9 | -0.4 | 11.9 | -0.3 | -0.3 | -0.2 | 14 | |||||||||
| 15 | Net interbank assets | -45.6 | 4.2 | -9.7 | 8.4 | -6.6 | -57.7 | 113.7 | -22.4 | -59.8 | -46.2 | -149.6 | 15 | |||||||||
| 16 | U.S. checkable deposits and currency | 18.8 | 20.9 | 28.9 | 42.4 | 45.0 | -59.5 | 135.5 | 74.1 | 29.7 | 75.2 | 63.8 | 16 | |||||||||
| 17 | U.S. time deposits | 11.9 | 31.7 | -9.1 | 72.9 | 41.6 | -191.4 | 259.4 | 102.5 | -4.2 | 98.3 | 226.5 | 17 | |||||||||
| 18 | Security RPs | 59.7 | 39.1 | 270.1 | 204.9 | 41.2 | 5.8 | 60.4 | 170.2 | -71.6 | 248.2 | -1.5 | 18 | |||||||||
| 19 | Credit market instruments | 305.3 | 422.7 | 514.0 | 752.1 | 832.3 | 753.2 | 717.0 | 860.0 | 999.0 | 731.6 | 854.0 | 19 | |||||||||
| 20 | Open market paper | -2.6 | 10.3 | 7.0 | 24.0 | -6.9 | -62.3 | 45.1 | 3.1 | -13.6 | -58.1 | 206.7 | 20 | |||||||||
| 21 | Treasury securities | 10.5 | 138.9 | 276.0 | 346.8 | 287.1 | 379.0 | 124.8 | 242.4 | 402.3 | 130.3 | 10.9 | 21 | |||||||||
| 22 | Official | 33.7 | 60.5 | 184.9 | 263.3 | 71.7 | 36.9 | 67.6 | 32.9 | 149.7 | 168.6 | -35.6 | 22 | |||||||||
| 23 | Private | -23.2 | 78.4 | 91.0 | 83.4 | 215.4 | 342.1 | 57.2 | 209.5 | 252.6 | -38.3 | 46.5 | 23 | |||||||||
| 24 | Agency- and GSE-backed securities | 103.7 | 112.3 | 3.1 | 109.0 | 157.1 | 101.5 | 157.2 | 207.0 | 162.5 | 263.7 | 234.0 | 24 | |||||||||
| 25 | Official | 20.9 | 30.5 | 39.9 | 41.7 | 84.7 | 95.1 | 77.7 | 70.9 | 95.1 | 96.3 | 121.8 | 25 | |||||||||
| 26 | Private | 82.8 | 81.8 | -36.8 | 67.4 | 72.4 | 6.4 | 79.5 | 136.1 | 67.4 | 167.4 | 112.2 | 26 | |||||||||
| 27 | Municipal securities | 0.0 | 3.5 | 8.0 | 6.5 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 27 | |||||||||
| 28 | U.S. corporate bonds (4) | 195.4 | 147.5 | 220.8 | 259.5 | 330.4 | 238.2 | 326.7 | 373.1 | 383.8 | 390.1 | 397.1 | 28 | |||||||||
| 29 | Loans to U.S. corporate business | -1.6 | 10.1 | -0.8 | 6.3 | 60.6 | 92.8 | 59.2 | 30.3 | 60.0 | 1.7 | 1.3 | 29 | |||||||||
| 30 | U.S. corporate equities | 121.5 | 54.1 | 34.0 | 61.8 | 86.6 | 71.1 | 53.0 | 126.3 | 96.0 | 223.6 | 16.8 | 30 | |||||||||
| 31 | Trade receivables | -3.1 | 2.6 | 1.5 | -1.1 | 7.8 | 11.4 | 13.0 | 6.5 | 0.3 | 13.8 | -1.6 | 31 | |||||||||
| 32 | Security credit | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 32 | |||||||||
| 33 | Miscellaneous assets | 189.9 | 196.5 | -6.3 | 179.7 | -6.8 | 266.0 | -350.3 | 176.3 | -119.2 | 125.7 | 311.2 | 33 | |||||||||
| 34 | Foreign direct investment in U.S. (5) | 167.0 | 84.4 | 64.0 | 133.2 | 109.8 | 122.2 | 33.0 | 177.8 | 106.0 | 181.1 | 193.7 | 34 | |||||||||
| 35 | Other | 22.8 | 112.1 | -70.2 | 46.5 | -116.6 | 143.9 | -383.3 | -1.5 | -225.3 | -55.4 | 117.5 | 35 | |||||||||
| 36 | Net increase in liabilities | 258.7 | 269.5 | 288.9 | 740.4 | 264.4 | 269.5 | 404.4 | 482.7 | -98.9 | 790.8 | 706.7 | 36 | |||||||||
| U.S. official foreign exchange | ||||||||||||||||||||||
| 37 | and net IMF position | 4.3 | 3.2 | -0.9 | -3.2 | -9.6 | -14.5 | 2.8 | -7.2 | -19.5 | -2.3 | 2.0 | 37 | |||||||||
| 38 | U.S. private deposits | 6.8 | 21.0 | 36.6 | 89.9 | 86.8 | 420.0 | -210.5 | 91.2 | 46.6 | 229.1 | 239.7 | 38 | |||||||||
| 39 | Credit market instruments | -13.7 | 92.9 | 31.7 | 123.5 | 84.7 | 56.2 | 84.5 | 84.7 | 113.3 | 111.5 | 100.7 | 39 | |||||||||
| 40 | Commercial paper | 15.8 | 58.3 | 12.9 | 62.8 | 38.5 | 6.2 | 10.0 | 78.5 | 59.1 | 62.6 | -58.9 | 40 | |||||||||
| 41 | Bonds | -18.5 | 31.6 | 28.7 | 61.8 | 38.0 | 41.3 | 84.4 | 8.5 | 17.9 | 50.6 | 139.1 | 41 | |||||||||
| 42 | Bank loans n.e.c. | -7.3 | 5.3 | -7.7 | 2.5 | 12.9 | 12.1 | -5.3 | 5.2 | 39.5 | 7.7 | 27.4 | 42 | |||||||||
| 43 | Official | 0.8 | 0.8 | -0.5 | 0.9 | -2.8 | 0.9 | -1.9 | -9.7 | -0.6 | -1.8 | 0.8 | 43 | |||||||||
| 44 | Banks | -7.4 | -0.8 | -1.5 | 2.8 | 3.1 | 1.4 | -1.8 | 9.9 | 2.9 | -1.8 | 7.3 | 44 | |||||||||
| 45 | Other | -0.7 | 5.3 | -5.7 | -1.3 | 12.6 | 9.9 | -1.6 | 5.0 | 37.2 | 11.2 | 19.3 | 45 | |||||||||
| 46 | U.S. government loans | -1.1 | -1.9 | -2.1 | -3.7 | -4.6 | -3.7 | -4.9 | -6.9 | -2.9 | -9.4 | -6.6 | 46 | |||||||||
| 47 | Acceptance liabilities to banks | -2.6 | -0.4 | 0.0 | 0.1 | 0.0 | 0.4 | 0.3 | -0.5 | -0.3 | 0.1 | -0.3 | 47 | |||||||||
| 48 | Foreign corporate equities (6) | 109.1 | 17.0 | 118.0 | 84.8 | 142.1 | 160.2 | 98.5 | 138.7 | 171.2 | 164.2 | 69.7 | 48 | |||||||||
| 49 | Trade payables | -7.7 | -4.9 | 6.1 | 3.5 | 6.3 | -5.9 | 12.2 | 2.2 | 16.6 | 8.9 | 23.8 | 49 | |||||||||
| 50 | Security debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 50 | |||||||||
| 51 | Miscellaneous liabilities | 159.9 | 140.4 | 97.4 | 442.0 | -45.9 | -346.5 | 416.9 | 173.1 | -427.1 | 279.5 | 270.8 | 51 | |||||||||
| 52 | U.S. equity in IBRD, etc. | 1.7 | 1.5 | 1.4 | 2.0 | 1.3 | 1.5 | 1.4 | 1.2 | 1.0 | 5.2 | 0.6 | 52 | |||||||||
| 53 | U.S. government deposits | -0.1 | 0.1 | 0.2 | 0.0 | -2.2 | -8.1 | -0.4 | -0.2 | 0.0 | 0.0 | 0.0 | 53 | |||||||||
| 54 | U.S. direct investment abroad (4,5) | 142.3 | 154.5 | 149.9 | 244.1 | 9.1 | 125.0 | 135.8 | -121.4 | -103.2 | 245.0 | 188.4 | 54 | |||||||||
| 55 | Other | 15.9 | -15.7 | -54.1 | 195.9 | -54.1 | -464.9 | 280.1 | 293.5 | -325.0 | 29.3 | 81.7 | 55 | |||||||||
| 56 | Discrepancy (FOF basis) (7) | -27.5 | -42.0 | -19.6 | 71.2 | -5.3 | 225.9 | 156.8 | -305.5 | -98.5 | 144.1 | 236.7 | 56 | |||||||||
| Memo: | ||||||||||||||||||||||
| 57 | Net U.S. exports, NIPA basis | -367.0 | -424.4 | -499.4 | -613.2 | -716.7 | -676.2 | -686.4 | -728.8 | -775.4 | -765.2 | -780.4 | 57 | |||||||||
| 58 | + Net U.S. income receipts (8) | 43.6 | 30.6 | 56.8 | 46.3 | 31.9 | 34.3 | 28.4 | 52.2 | 12.5 | 29.1 | 19.2 | 58 | |||||||||
| 59 | - Current taxes and trans. payments to rest of world | 47.0 | 64.5 | 69.7 | 82.1 | 86.6 | 109.4 | 93.3 | 38.4 | 105.2 | 79.9 | 83.4 | 59 | |||||||||
| 60 | = Balance on current account, NIPAs | -370.4 | -458.3 | -512.3 | -649.0 | -771.4 | -751.3 | -751.3 | -714.9 | -868.2 | -816.1 | -844.6 | 60 | |||||||||
| -1 Table F.9, line 11. | ||||||||||||||||||||||
| -2 Line 1 minus line 5 plus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 60 with the sign reversed plus line 8. | ||||||||||||||||||||||
| -3 U.S. net sales, sign reversed. | ||||||||||||||||||||||
| -4 Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues. | ||||||||||||||||||||||
| -5 Direct investment is valued on a current-cost basis. Excludes capital gains and losses. | ||||||||||||||||||||||
| -6 Includes American Depositary Receipts (ADRs). | ||||||||||||||||||||||
| -7 Balance of payments discrepancy adjusted to NIPA concepts. | ||||||||||||||||||||||
| -8 Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP. | ||||||||||||||||||||||
