68 U.S. International Transactions October 2012 October/1012... · 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (2024)

68 U.S. International Transactions October 2012 October/1012...· 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (1)

68 US International Transactions October 2012

Table 1 US International Transactions [Millions of dollars]

Line (Credits + debits ndash) 1 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Current account 1 Exports of goods and services and income receipts 2847988 680519 717466 728410 721593 722503 739734 689593 713499 724800 720095 728724 737144 2 Exports of goods and services 2103367 500640 524553 539773 538401 538595 550509 508811 524000 537351 533204 544016 551065 3 Goods balance of payments basis 2 1497406 356161 375554 378454 387237 385722 396218 360917 372160 382161 382167 388523 394110 4 Services 3 605961 144480 148999 161319 151164 152873 154291 147894 151839 155190 151037 155493 156956 5 Transfers under US military agency sales contracts 4 17946 4122 4545 4664 4615 4406 4253 4122 4545 4664 4615 4406 4253 6 Travel 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 7 Passenger fares 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 8 Other transportation 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 9 Royalties and license fees 5 120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

10 Other private services 5 270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476 11 US government miscellaneous services 1176 317 267 309 284 327 320 317 267 309 284 327 320 12 Income receipts 744621 179878 192913 188637 183192 183908 189225 180781 189499 187449 186891 184708 186079 13 Income receipts on US-owned assets abroad 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595 14 Direct investment receipts 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 15 Other private receipts 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803 16 US government receipts 1923 379 502 524 518 624 499 445 506 527 444 763 499 17 Compensation of employees 5811 1453 1452 1455 1450 1479 1484 1453 1452 1455 1450 1479 1484 18 Imports of goods and services and income payments ndash3180861 ndash739734 ndash809659 ndash824058 ndash807410 ndash796209 ndash830884 ndash774367 ndash798839 ndash801143 ndash806512 ndash829657 ndash820965 19 Imports of goods and services ndash2663247 ndash614331 ndash675081 ndash693354 ndash680481 ndash662714 ndash699163 ndash646036 ndash665549 ndash672173 ndash679489 ndash692380 ndash690386 20 Goods balance of payments basis 2 ndash2235819 ndash515612 ndash566031 ndash580607 ndash573569 ndash558734 ndash585562 ndash542276 ndash559344 ndash562778 ndash571421 ndash582821 ndash579899 21 Services 3 ndash427428 ndash98719 ndash109050 ndash112747 ndash106912 ndash103980 ndash113601 ndash103761 ndash106205 ndash109395 ndash108068 ndash109559 ndash110487 22 Direct defense expenditures ndash29510 ndash7570 ndash7545 ndash7343 ndash7052 ndash6838 ndash6850 ndash7570 ndash7545 ndash7343 ndash7052 ndash6838 ndash6850 23 Travel ndash78651 ndash16469 ndash22193 ndash22808 ndash17181 ndash18430 ndash24034 ndash19257 ndash19628 ndash19895 ndash19871 ndash21228 ndash21387 24 Passenger fares ndash31109 ndash7204 ndash8241 ndash8229 ndash7435 ndash8263 ndash9446 ndash7542 ndash7698 ndash7946 ndash7923 ndash8936 ndash8821 25 Other transportation ndash54711 ndash13110 ndash13634 ndash14148 ndash13819 ndash13337 ndash13837 ndash13439 ndash13736 ndash13767 ndash13769 ndash13716 ndash13842 26 Royalties and license fees 5 ndash36620 ndash8941 ndash8451 ndash9274 ndash9955 ndash9856 ndash9955 ndash8921 ndash8543 ndash9503 ndash9652 ndash9859 ndash10040 27 Other private services 5 ndash191973 ndash44219 ndash47848 ndash49661 ndash50246 ndash46140 ndash48336 ndash45825 ndash47916 ndash49656 ndash48576 ndash47866 ndash48404 28 US government miscellaneous services ndash4854 ndash1207 ndash1138 ndash1284 ndash1225 ndash1115 ndash1143 ndash1207 ndash1138 ndash1284 ndash1225 ndash1115 ndash1143 29 Income payments ndash517614 ndash125403 ndash134578 ndash130703 ndash126929 ndash133496 ndash131721 ndash128330 ndash133290 ndash128971 ndash127022 ndash137277 ndash130578 30 Income payments on foreign-owned assets in the United States ndash503796 ndash122119 ndash131175 ndash127193 ndash123310 ndash130262 ndash128398 ndash124863 ndash129835 ndash125508 ndash123590 ndash133885 ndash127173 31 Direct investment payments ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 32 Other private payments ndash212506 ndash51501 ndash53193 ndash54157 ndash53655 ndash55396 ndash56528 ndash51501 ndash53193 ndash54157 ndash53655 ndash55396 ndash56528 33 US government payments ndash132731 ndash33471 ndash32787 ndash33090 ndash33383 ndash32904 ndash32726 ndash33471 ndash32787 ndash33090 ndash33383 ndash32904 ndash32726 34 Compensation of employees ndash13817 ndash3284 ndash3403 ndash3510 ndash3620 ndash3233 ndash3322 ndash3467 ndash3455 ndash3463 ndash3433 ndash3392 ndash3406 35 Unilateral current transfers net ndash133053 ndash36103 ndash32291 ndash32525 ndash32135 ndash33271 ndash32049 ndash35223 ndash33777 ndash31815 ndash32240 ndash32692 ndash33586 36 US government grants 4 ndash47350 ndash11136 ndash13486 ndash11176 ndash11551 ndash11910 ndash11657 ndash11136 ndash13486 ndash11176 ndash11551 ndash11910 ndash11657 37 US government pensions and other transfers ndash8947 ndash1892 ndash1680 ndash2833 ndash2542 ndash1864 ndash1920 ndash2202 ndash2227 ndash2250 ndash2269 ndash2541 ndash2574 38 Private remittances and other transfers 6

Capital account ndash76756 ndash23074 ndash17125 ndash18516 ndash18042 ndash19497 ndash18472 ndash21884 ndash18064 ndash18389 ndash18419 ndash18241 ndash19355

39 Capital account transactions net Financial account

ndash1212 ndash29 ndash829 ndash300 ndash55 ndash1 na ndash29 ndash829 ndash300 ndash55 ndash1 na

40 US-owned assets abroad excluding financial derivatives (increase financial outflow (ndash)) ndash483653 ndash380812 ndash796 ndash103788 1743 98207 197665 ndash372944 7418 ndash91896 ndash26231 106549 206800

41 US official reserve assets ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 1961 ndash159 ndash27 ndash23 ndash11 ndash10 44 Reserve position in the International Monetary Fund ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 45 Foreign currencies 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 848 ndash134 ndash143 ndash121 ndash144 ndash100 46 US government assets other than official reserve assets ndash103666 ndash547 ndash1358 ndash1137 ndash100624 51076 16725 ndash547 ndash1358 ndash1137 ndash100624 51076 16725 47 US credits and other long-term assets ndash7307 ndash1307 ndash2337 ndash1396 ndash2267 ndash2631 ndash2393 ndash1307 ndash2337 ndash1396 ndash2267 ndash2631 ndash2393 48 Repayments on US credits and other long-term assets 8 3333 610 1259 812 653 352 630 610 1259 812 653 352 630 49 US foreign currency holdings and US short-term assets ndash99692 150 ndash279 ndash553 ndash99010 53356 18489 150 ndash279 ndash553 ndash99010 53356 18489 50 US private assets ndash364110 ndash376646 6829 ndash98572 104279 48364 184229 ndash368778 15042 ndash86679 76305 56706 193364 51 Direct investment ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 52 Foreign securities ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 ndash85472 ndash57195 ndash40110 35980 3604 5537 53 US claims on unaffiliated foreigners reported by US nonbanking concerns ndash11608 ndash92203 6147 9326 65122 ndash49183 396 ndash92203 6147 9326 65122 ndash49183 396 54 US claims reported by US banks and securities brokers 14 213627 ndash86699 199487 14428 86411 218379 266660 ndash86699 199487 14428 86411 218379 266660 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 1000990 579846 101000 271532 48612 60760 ndash114724 578972 98554 266397 57067 59564 ndash118727 56 Foreign official assets in the United States 211826 72974 121822 19889 ndash2859 69711 83010 72974 121822 19889 ndash2859 69711 83010 57 US government securities 158735 67719 97184 11249 ndash17417 85431 70725 67719 97184 11249 ndash17417 85431 70725 58 US Treasury securities 9 171179 56274 104363 28115 ndash17573 85068 84870 56274 104363 28115 ndash17573 85068 84870 59 Other 10 ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 11445 ndash7179 ndash16866 156 363 ndash14145 60 Other US government liabilities 11 9063 2714 2236 2287 1826 2833 2682 2714 2236 2287 1826 2833 2682 61 US liabilities reported by US banks and securities brokers 30010 ndash3090 15764 5121 12215 ndash19305 5982 ndash3090 15764 5121 12215 ndash19305 5982 62 Other foreign official assets 12 14018 5631 6638 1232 517 752 3621 5631 6638 1232 517 752 3621 63 Other foreign assets in the United States 789164 506872 ndash20822 251643 51471 ndash8951 ndash197734 505998 ndash23268 246508 59926 ndash10147 ndash201737 64 Direct investment 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 65 US Treasury securities 240878 55054 ndash17613 120918 82519 43834 7365 55054 ndash17613 120918 82519 43834 7365 66 US securities other than US Treasury securities ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174 67 US currency

US liabilities to unaffiliated foreigners reported by US nonbanking 54996 12576 13989 9614 18817 18057 7116 12576 13989 9614 18817 18057 7116

68 concerns 6567 40688 25538 ndash19670 ndash39989 24212 ndash8754 40688 25538 ndash19670 ndash39989 24212 ndash8754 69 US liabilities reported by US banks and securities brokers 15 309177 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 70 Financial derivatives net 39010 2927 7419 ndash3949 32613 ndash1396 464 2927 7419 ndash3949 32613 ndash1396 464 71 Statistical discrepancy (sum of above items with sign reversed) ndash89208 ndash106614 17689 ndash35323 35040 ndash50592 16 39794 ndash88930 6555 ndash62094 55263 ndash31092 16 28870

71a Of which Seasonal adjustment discrepancy Memoranda

17684 ndash11134 ndash26771 20223 19501 ndash10924

72 Balance on goods (lines 3 and 20) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 73 Balance on services (lines 4 and 21) 178533 45760 39949 48571 44252 48893 40690 44133 45634 45795 42969 45934 46469 74 Balance on goods and services (lines 2 and 19) ndash559880 ndash113691 ndash150528 ndash153581 ndash142080 ndash124119 ndash148654 ndash137225 ndash141549 ndash134822 ndash146286 ndash148364 ndash139321 75 Balance on income (lines 12 and 29) 227007 54475 58335 57934 56263 50412 57504 52451 56209 58478 59869 47431 55500 76 Unilateral current transfers net (line 35) ndash133053 ndash36103 ndash32291 ndash32525 ndash32135 ndash33271 ndash32049 ndash35223 ndash33777 ndash31815 ndash32240 ndash32692 ndash33586 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash465926 ndash95318 ndash124484 ndash128172 ndash117952 ndash106978 ndash123199 ndash119997 ndash119117 ndash108158 ndash118656 ndash133624 ndash117407

See the footnotes on pages 92ndash93

69 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

A Balance of payments adjustments to Census trade data EXPORTS

1 Exports of goods Census basis 1 1480432 2 Plus Balance of payments adjustments net 16974 3 Exports under US military agency sales contracts 2 1090 4 Gold exports nonmonetary 168 5 Goods procured in US ports by foreign carriers 18135 6 Low-value transactions 3 7 Private gift parcel remittances 1481 8 Repair of equipment ndash4152 9 Other adjustments net 4 252

10 Equals Exports of goods balance of payments basis (table 1 line 3) 1497406 IMPORTS

11 Imports of goods Census basis (general imports) 1 2207824 12 Plus Balance of payments adjustments net 27995 13 Gold imports nonmonetary 1 14 Goods procured in foreign ports by US carriers 14484 15 Imports by US military agencies 2 4932 16 Inland freight in Canada and Mexico 6811 17 Locomotives and railcars 1963 18 Low-value transactions 3 19 Repair of equipment ndash3119 20 Software revaluation 3154 21 Other adjustments net 5 ndash231 22 Equals Imports of goods balance of payments basis (table 1 line 20) 2235819 B Trade in goods by area and country balance of payments basis 6

EXPORTS 1 Total all countries (Andash10) 1497406 2 Europe 335393 3 European Union 273167 4 Euro area 198248 5 Austria 2913 6 Belgium 29919 7 Finland 3216 8 France 28490 9 Germany 49626

10 Greece 1396 11 Ireland 7746 12 Italy 16246 13 Luxembourg 1597 14 Netherlands 42632 15 Norway 3903 16 Portugal 1399 17 Russia 8384 18 Spain 10905 19 Sweden 5471 20 Switzerland 24992 21 Turkey 15536 22 United Kingdom 57036 23 Other Europe 23985 24 Canada 7 282277 25 Latin America and Other Western Hemisphere 368416 26 South and Central America 345332 27 Argentina 9927 28 Brazil 42821 29 Chile 16269 30 Colombia 14544 31 Mexico 198711 32 Venezuela 12338 33 Other 50722 34 Other Western Hemisphere 23084 35 Asia and Pacific 418116 36 Australia 27463 37 China 105263 38 Hong Kong 37687 39 India 21616 40 Indonesia 7406 41 Japan 67204 42 Korea Republic of 45150 43 Malaysia 14258 44 Philippines 7757 45 Singapore 31373 46 Taiwan 27113 47 Thailand 10918 48 Other 14907 49 Middle East 59397 50 Israel 14196 51 Saudi Arabia 14012 52 Other 31188 53 Africa 33808 54 Algeria 1585 55 Nigeria 4924 56 South Africa 7259 57 Other 20041 58 International organizations and unallocated 0

Memorandum 59 Members of OPEC 65370

351554 4607

924 0

4333

349 ndash1055

56 356161

509337 6275

0 3132 1077 1813

244

ndash666 724 ndash51

515612

356161 80553 65596 47860

563 7100

648 7094

12051 321

2328 3966

367 9786 1114

391 1661 2851 1331 5843 4125

13400 5613

67131 85254 79131 2015 9660 3472 3558

46285 2459

11682 6123

100679 5782

26228 8656 4561 1820

16537 10577 3794 1907 7158 7066 2920 3673

13973 3571 3175 7228 8571

322 1163 2077 5008

14584

371105 373979 383794 4449 4475 3443

280 485 ndash599 0 0 168

4722 4610 4470

362 370 400 ndash986 ndash1054 ndash1057

71 64 62 375554 378454 387237

558824 573146 566517 7207 7461 7052

0 0 1 3901 3912 3539 1360 1314 1181 1679 1677 1641

470 559 691

ndash766 ndash765 ndash922 646 828 956 ndash82 ndash63 ndash35

566031 580607 573569

375554 378454 387237 85410 84036 85393 70232 68200 69139 50559 49115 50714

764 526 1060 7520 7517 7783

831 924 813 7555 6879 6962

12633 12052 12890 339 405 331

1727 1807 1884 4440 3841 3998

270 318 641 11057 10969 10820

1017 864 908 389 293 326

2220 2196 2308 2592 2876 2586 1527 1233 1380 5754 6597 6798 3983 3813 3615

14842 14731 14063 5950 6197 6226

72869 71505 70771 91669 94902 96590 86132 89463 90606

2523 2761 2627 10544 11724 10893

4299 4135 4363 3534 3592 3861

49552 50905 51970 3144 3302 3433

12536 13043 13460 5538 5440 5983

102177 104791 110469 6411 7200 8069

23902 25311 29822 8518 10320 10192 5988 5416 5651 1898 1805 1884

16573 16594 17501 11856 11330 11386 3777 3370 3318 1995 1906 1949 7904 8551 7760 6992 6604 6451 2621 2902 2474 3739 3482 4013

14603 14682 16139 3901 3537 3188 3350 3331 4157 7351 7815 8795 8827 8537 7874

511 485 267 1299 1242 1220 1737 1744 1700 5280 5066 4686

0 0 0

15931 16450 18405

381602 392164 4120 4055

119 53 0 0

4647 4604

378 396 ndash1101 ndash1075

78 77 385722 396218

552471 579576 6263 5986

0 0 3394 3607

656 271 1718 1667

581 688

ndash868 ndash849 778 623

3 ndash21 558734 585562

385722 396218 87682 86577 69730 69669 49682 51380

602 1101 7556 7618

712 691 7660 8321

12645 12798 281 333

2096 1936 4335 4331

574 451 9959 10548 1026 866

301 323 2444 2723 2360 2620 1381 1360 7715 7118 3528 3947

15502 13936 7004 5555

71983 76472 96426 100092 90787 94129 2111 3044

10156 10674 4494 4830 3728 3987

53214 53492 3719 4286

13364 13817 5639 5963

105377 107533 7466 7666

27268 26187 9676 10285 4892 5420 1933 2174

17713 17768 11959 11299 2944 3447 1855 2101 7417 8018 6282 6708 2441 2819 3531 3641

16202 16800 3631 3872 4500 4306 8071 8622 8052 8745

302 461 1044 1421 1826 1863 4881 4999

0 0

18167 19789

356098 4819

924 0

4545

349 ndash1055

56 360917

535750 6525

0 3406 1077 1720

244

ndash666 794 ndash51

542276

360917 81907 66765 48716

578 7236

657 7245

12280 329

2370 4032

376 9938 1127

394 1676 2874 1359 5927 4147

13630 5730

68076 86479 80292

2061 9852 3524 3602

46928 2496

11828 6187

101714 5907

26445 8805 4643 1786

16616 10638

3858 1909 7324 7146 2956 3682

14150 3624 3197 7329 8591

320 1152 2128 4991

14748

367839 377783 378712 4322 4378 3455

280 485 ndash599 0 0 168

4595 4513 4482

362 370 400 ndash986 ndash1054 ndash1057

71 64 62 372160 382161 382167

552165 555534 564374 7179 7244 7047

0 0 1 3723 3704 3651 1360 1314 1181 1688 1725 1679

470 559 691

ndash766 ndash765 ndash922 787 771 802 ndash82 ndash63 ndash35

559344 562778 571421

372160 382161 382167 84378 84388 84720 69339 68457 68606 49926 49301 50305

751 528 1055 7416 7540 7727

821 929 809 7449 6883 6913

12469 12082 12794 333 406 328

1701 1809 1867 4388 3867 3959

268 320 633 10934 11025 10735 1004 868 904

387 299 319 2206 2236 2265 2575 2905 2551 1506 1237 1369 5686 6604 6775 3971 3844 3575

14642 14786 13978 5871 6220 6164

72154 72137 69911 90768 95790 95379 85271 90250 89518 2485 2769 2611

10399 11747 10823 4245 4167 4332 3496 3618 3828

49092 51425 51265 3115 3340 3386

12437 13183 13273 5497 5539 5860

101598 106313 108490 6325 7247 7984

23853 25775 29190 8437 10406 10038 5907 5448 5618 1917 1877 1827

16575 16937 17076 11792 11516 11204 3732 3395 3273 1995 1964 1889 7782 8568 7699 6947 6680 6340 2598 2932 2432 3738 3567 3920

14459 14833 15955 3846 3566 3161 3326 3374 4116 7288 7893 8679 8804 8701 7713

511 487 267 1306 1276 1191 1710 1746 1674 5277 5191 4581

0 0 0

15803 16645 18174

384197 390172 4327 3938

119 53 0 0

4853 4487

378 396 ndash1101 ndash1075

78 77 388523 394110

576294 573947 6527 5953

0 0 3662 3439

656 271 1644 1663

581 688

ndash868 ndash849 848 762

3 ndash21 582821 579899

388523 394110 88698 85622 70573 68841 50252 50772

612 1081 7640 7517

720 682 7756 8198

12773 12648 283 329

2115 1916 4388 4285

567 442 10099 10433 1039 853

302 323 2453 2737 2392 2612 1395 1345 7833 7012 3543 3945

15725 13764 7062 5500

72575 76025 97284 99512 91641 93535 2161 3004

10262 10531 4553 4773 3762 3954

53691 53246 3746 4274

13466 13753 5643 5978

105596 107475 7537 7581

27100 26276 9759 10221 4954 5358 1907 2210

17727 17907 11998 11306 2976 3417 1840 2131 7492 7911 6292 6681 2466 2809 3548 3668

16329 16669 3687 3827 4542 4271 8100 8571 8040 8806

301 466 1035 1430 1844 1845 4861 5066

0 0

18250 19700

See the footnotes on pages 92ndash93

70 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

IMPORTS 60 Total all countries (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 61 Europe 453605 104429 119053 112510 117614 112101 115955 109336 117931 109367 116971 116614 115035 62 European Union 373313 87333 96443 92837 96700 93508 96841 91350 95803 90407 95753 97092 96328 63 Euro area 289108 67727 74515 71872 74994 71916 74651 70830 74095 70028 74155 74625 74337 64 Austria 9516 2122 2381 2569 2444 2367 2335 2216 2382 2510 2409 2454 2332 65 Belgium 17735 4797 4574 4241 4122 4052 4720 5013 4520 4122 4079 4204 4666 66 Finland 4431 1111 1207 1113 1000 1475 1201 1163 1196 1083 989 1553 1194 67 France 40676 9490 10265 9710 11211 10437 10392 9905 10223 9470 11078 10830 10359 68 Germany 99425 23252 24172 25214 26788 25847 26352 24257 24126 24601 26441 26760 26322 69 Greece 1881 378 425 738 339 408 352 400 421 718 342 422 347 70 Ireland 39523 9412 10166 9580 10366 8556 9125 9854 10142 9328 10199 8883 9105 71 Italy 34327 7739 9135 8604 8849 8372 9814 8093 9081 8400 8754 8668 9769 72 Luxembourg 475 157 129 100 90 128 113 160 127 98 90 131 113 73 Netherlands 24044 5363 7233 5726 5722 6021 6046 5674 7111 5546 5713 6295 5962 74 Norway 8227 1822 2274 1796 2334 1899 1700 1910 2199 1720 2399 2017 1638 75 Portugal 2584 606 670 627 681 777 498 634 659 607 684 812 493 76 Russia 34652 7210 9531 8808 9104 6687 7842 7644 9195 8400 9414 7133 7550 77 Spain 11297 2494 3230 2886 2687 2753 2940 2619 3185 2799 2694 2865 2913 78 Sweden 11568 2933 3242 2617 2777 2719 2793 3059 3217 2544 2748 2822 2780 79 Switzerland 24497 5430 6681 6047 6339 6895 6356 5666 6676 5906 6249 7123 6346 80 Turkey 5215 1269 1392 1280 1274 1626 1648 1329 1384 1246 1256 1688 1641 81 United Kingdom 51878 11907 13306 13004 13660 13629 13684 12485 13133 12624 13636 14198 13514 82 Other Europe 31653 6937 9039 7850 7826 7452 8045 7254 8955 7646 7797 7756 7991 83 Canada 7 320538 77595 80984 81177 80783 83734 84094 81620 79811 78334 80773 87678 83043 84 Latin America and Other Western Hemisphere 442901 102959 114163 113476 112303 115705 116132 108454 112373 109579 112495 121024 114781 85 South and Central America 423127 98398 108946 108069 107714 110971 111886 103639 107251 104365 107872 116057 110597 86 Argentina 4582 1126 1071 1159 1225 1109 1050 1187 1057 1116 1222 1155 1032 87 Brazil 31549 6255 8212 8119 8963 8821 8261 6641 8028 7844 9036 9266 8112 88 Chile 9156 2652 2396 2204 1904 2538 2402 2748 2388 2146 1873 2633 2404 89 Colombia 23324 4837 5944 5878 6665 6452 6500 5106 5756 5598 6863 6848 6283 90 Mexico 267345 62891 68055 67703 68695 70579 72443 65970 67486 65685 68205 73500 72045 91 Venezuela 43391 10392 12300 11115 9585 10389 9011 11184 11715 10470 10022 11082 8642 92 Other 43780 10245 10969 11890 10676 11083 12221 10803 10821 11505 10651 11573 12079 93 Other Western Hemisphere 19774 4561 5216 5407 4589 4734 4246 4815 5123 5214 4623 4967 4185 94 Asia and Pacific 818921 185293 199518 218861 215249 202330 216305 194274 198948 213643 212057 209997 215944 95 Australia 10437 2171 2650 2836 2780 2307 2539 2262 2649 2764 2762 2394 2528 96 China 400642 86508 97074 109296 107763 94271 104182 90904 96904 106766 106068 97818 104058 97 Hong Kong 4891 1098 1348 1167 1278 1280 1411 1150 1340 1142 1260 1338 1403 98 India 36338 7955 10066 9639 8678 9532 10415 8333 10001 9412 8592 9919 10365 99 Indonesia 19147 4769 4823 4914 4641 4568 4429 4987 4801 4789 4570 4742 4426

100 Japan 131836 32951 27313 34276 37296 38178 36813 34444 27230 33413 36749 39615 36772 101 Korea Republic of 57454 12997 15495 14669 14293 13926 15897 13612 15409 14317 14117 14467 15841 102 Malaysia 25902 6238 6515 6577 6572 6292 6319 6515 6501 6417 6470 6527 6310 103 Philippines 9342 2199 2402 2398 2343 2424 2442 2295 2395 2342 2309 2514 2438 104 Singapore 20081 4756 5031 5238 5055 5239 5138 4991 4999 5099 4991 5430 5123 105 Taiwan 41526 9376 11243 10908 9998 8870 10234 9828 11214 10654 9830 9200 10225 106 Thailand 24916 5926 6320 6890 5780 6086 6814 6195 6304 6725 5692 6316 6799 107 Other 36410 8348 9237 10053 8771 9357 9673 8758 9201 9804 8647 9718 9657 108 Middle East 106531 21725 27422 30073 27311 27874 34059 23251 26437 28676 28167 29520 32795 109 Israel 23156 5509 6391 5676 5580 5107 5898 5764 6359 5535 5498 5298 5860 110 Saudi Arabia 47564 9688 11487 13610 12779 14126 16137 10476 10893 12869 13326 15086 15419 111 Other 35811 6528 9544 10787 8952 8641 12024 7012 9184 10272 9343 9136 11515 112 Africa 93323 23611 24892 24510 20309 16991 19017 25341 23844 23179 20958 17989 18301 113 Algeria 14629 4350 4357 3261 2661 3054 2777 4659 4147 3054 2769 3240 2652 114 Nigeria 33908 8988 9086 8979 6855 4235 5755 9720 8624 8403 7162 4520 5497 115 South Africa 9539 2147 2487 2471 2434 2100 2192 2241 2484 2417 2396 2169 2188 116 Other 35247 8125 8963 9800 8359 7602 8293 8721 8589 9306 8631 8061 7964 117 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

118 Members of OPEC 193947 44375 51347 52733 45493 44906 51650 47887 48859 49723 47478 47823 49382

See the footnotes on pages 92ndash93

71 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

BALANCE (EXCESS OF EXPORTS +) 119 Total all countries ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 120 Europe ndash118212 ndash23876 ndash33643 ndash28473 ndash32220 ndash24419 ndash29378 ndash27429 ndash33554 ndash24979 ndash32251 ndash27916 ndash29412 121 European Union ndash100146 ndash21737 ndash26212 ndash24637 ndash27560 ndash23778 ndash27171 ndash24585 ndash26464 ndash21950 ndash27147 ndash26519 ndash27487 122 Euro area ndash90860 ndash19867 ndash23957 ndash22757 ndash24280 ndash22234 ndash23271 ndash22114 ndash24170 ndash20727 ndash23850 ndash24373 ndash23565 123 Austria ndash6604 ndash1559 ndash1617 ndash2043 ndash1385 ndash1765 ndash1234 ndash1638 ndash1631 ndash1981 ndash1354 ndash1842 ndash1251 124 Belgium 12184 2303 2946 3275 3660 3505 2898 2223 2896 3418 3648 3436 2852 125 Finland ndash1215 ndash464 ndash376 ndash189 ndash187 ndash763 ndash509 ndash506 ndash376 ndash154 ndash180 ndash833 ndash511 126 France ndash12186 ndash2396 ndash2710 ndash2831 ndash4250 ndash2777 ndash2071 ndash2660 ndash2774 ndash2587 ndash4165 ndash3074 ndash2161 127 Germany ndash49799 ndash11201 ndash11539 ndash13162 ndash13897 ndash13202 ndash13555 ndash11977 ndash11657 ndash12518 ndash13647 ndash13987 ndash13674 128 Greece ndash485 ndash57 ndash86 ndash333 ndash9 ndash126 ndash18 ndash72 ndash87 ndash312 ndash13 ndash139 ndash18 129 Ireland ndash31777 ndash7084 ndash8439 ndash7772 ndash8482 ndash6461 ndash7190 ndash7484 ndash8442 ndash7519 ndash8332 ndash6768 ndash7190 130 Italy ndash18081 ndash3773 ndash4695 ndash4763 ndash4850 ndash4038 ndash5483 ndash4061 ndash4693 ndash4533 ndash4794 ndash4280 ndash5483 131 Luxembourg 1121 210 142 218 551 445 338 216 140 222 543 436 329 132 Netherlands 18588 4423 3824 5242 5098 3938 4502 4264 3823 5478 5022 3803 4471 133 Norway ndash4325 ndash709 ndash1258 ndash932 ndash1426 ndash873 ndash834 ndash783 ndash1195 ndash851 ndash1495 ndash977 ndash785 134 Portugal ndash1185 ndash215 ndash281 ndash335 ndash355 ndash475 ndash174 ndash240 ndash272 ndash308 ndash365 ndash510 ndash170 135 Russia ndash26268 ndash5550 ndash7311 ndash6612 ndash6796 ndash4243 ndash5119 ndash5968 ndash6989 ndash6163 ndash7149 ndash4680 ndash4813 136 Spain ndash392 357 ndash638 ndash10 ndash101 ndash393 ndash319 254 ndash609 106 ndash143 ndash473 ndash301 137 Sweden ndash6097 ndash1601 ndash1715 ndash1384 ndash1397 ndash1338 ndash1433 ndash1700 ndash1711 ndash1307 ndash1379 ndash1427 ndash1435 138 Switzerland 495 413 ndash927 550 459 820 762 261 ndash989 698 525 711 665 139 Turkey 10322 2857 2591 2533 2341 1902 2299 2819 2586 2598 2319 1856 2304 140 United Kingdom 5158 1493 1536 1726 403 1873 252 1145 1510 2162 342 1527 250 141 Other Europe ndash7667 ndash1324 ndash3090 ndash1654 ndash1599 ndash447 ndash2490 ndash1524 ndash3084 ndash1426 ndash1633 ndash694 ndash2491 142 Canada 7 ndash38261 ndash10463 ndash8115 ndash9671 ndash10011 ndash11751 ndash7622 ndash13544 ndash7657 ndash6198 ndash10863 ndash15102 ndash7018 143 Latin America and Other Western Hemisphere ndash74486 ndash17705 ndash22493 ndash18574 ndash15713 ndash19279 ndash16040 ndash21975 ndash21605 ndash13789 ndash17116 ndash23739 ndash15269 144 South and Central America ndash77796 ndash19267 ndash22815 ndash18606 ndash17108 ndash20184 ndash17757 ndash23347 ndash21979 ndash14115 ndash18354 ndash24416 ndash17062 145 Argentina 5345 889 1452 1602 1402 1002 1995 875 1428 1653 1389 1005 1972 146 Brazil 11272 3405 2332 3605 1930 1335 2413 3211 2372 3903 1787 997 2419 147 Chile 7113 820 1903 1931 2459 1956 2428 776 1857 2020 2459 1920 2369 148 Colombia ndash8780 ndash1279 ndash2410 ndash2286 ndash2805 ndash2724 ndash2513 ndash1505 ndash2259 ndash1980 ndash3036 ndash3086 ndash2329 149 Mexico ndash68634 ndash16607 ndash18503 ndash16798 ndash16725 ndash17365 ndash18951 ndash19041 ndash18394 ndash14260 ndash16939 ndash19809 ndash18799 150 Venezuela ndash31053 ndash7933 ndash9156 ndash7813 ndash6152 ndash6670 ndash4725 ndash8688 ndash8600 ndash7130 ndash6636 ndash7337 ndash4367 151 Other 6942 1437 1567 1154 2784 2282 1595 1025 1616 1678 2622 1893 1674 152 Other Western Hemisphere 3310 1562 321 32 1394 905 1717 1373 374 326 1238 676 1793 153 Asia and Pacific ndash400805 ndash84615 ndash97341 ndash114070 ndash104780 ndash96953 ndash108773 ndash92559 ndash97350 ndash107329 ndash103567 ndash104401 ndash108469 154 Australia 17025 3611 3761 4364 5289 5159 5127 3644 3676 4483 5222 5143 5053 155 China ndash295378 ndash60280 ndash73172 ndash83985 ndash77941 ndash67003 ndash77995 ndash64459 ndash73051 ndash80991 ndash76877 ndash70718 ndash77783 156 Hong Kong 32796 7558 7170 9153 8914 8396 8875 7655 7097 9265 8778 8422 8818 157 India ndash14722 ndash3394 ndash4078 ndash4223 ndash3027 ndash4640 ndash4994 ndash3691 ndash4094 ndash3963 ndash2974 ndash4965 ndash5007 158 Indonesia ndash11741 ndash2949 ndash2925 ndash3109 ndash2757 ndash2635 ndash2255 ndash3200 ndash2884 ndash2913 ndash2744 ndash2834 ndash2216 159 Japan ndash64632 ndash16415 ndash10739 ndash17683 ndash19795 ndash20465 ndash19045 ndash17828 ndash10655 ndash16476 ndash19673 ndash21888 ndash18866 160 Korea Republic of ndash12304 ndash2420 ndash3639 ndash3339 ndash2907 ndash1967 ndash4598 ndash2974 ndash3617 ndash2801 ndash2913 ndash2469 ndash4534 161 Malaysia ndash11644 ndash2445 ndash2738 ndash3207 ndash3254 ndash3348 ndash2872 ndash2657 ndash2769 ndash3021 ndash3197 ndash3551 ndash2893 162 Philippines ndash1585 ndash292 ndash407 ndash492 ndash394 ndash569 ndash341 ndash386 ndash401 ndash378 ndash421 ndash674 ndash307 163 Singapore 11292 2401 2873 3313 2704 2178 2880 2333 2782 3469 2708 2062 2788 164 Taiwan ndash14413 ndash2310 ndash4251 ndash4304 ndash3547 ndash2587 ndash3526 ndash2682 ndash4267 ndash3974 ndash3490 ndash2908 ndash3544 165 Thailand ndash13997 ndash3006 ndash3698 ndash3987 ndash3306 ndash3645 ndash3995 ndash3238 ndash3706 ndash3792 ndash3261 ndash3850 ndash3990 166 Other ndash21503 ndash4675 ndash5498 ndash6571 ndash4758 ndash5826 ndash6032 ndash5076 ndash5463 ndash6237 ndash4727 ndash6170 ndash5989 167 Middle East ndash47134 ndash7752 ndash12819 ndash15391 ndash11172 ndash11672 ndash17258 ndash9102 ndash11977 ndash13843 ndash12212 ndash13191 ndash16126 168 Israel ndash8960 ndash1938 ndash2490 ndash2139 ndash2393 ndash1476 ndash2026 ndash2140 ndash2513 ndash1969 ndash2337 ndash1611 ndash2033 169 Saudi Arabia ndash33551 ndash6514 ndash8137 ndash10279 ndash8622 ndash9626 ndash11831 ndash7278 ndash7568 ndash9495 ndash9211 ndash10544 ndash11148 170 Other ndash4623 700 ndash2193 ndash2973 ndash157 ndash570 ndash3402 317 ndash1897 ndash2379 ndash664 ndash1036 ndash2944 171 Africa ndash59514 ndash15040 ndash16065 ndash15973 ndash12436 ndash8938 ndash10272 ndash16750 ndash15041 ndash14479 ndash13245 ndash9949 ndash9495 172 Algeria ndash13044 ndash4028 ndash3846 ndash2776 ndash2394 ndash2752 ndash2316 ndash4339 ndash3637 ndash2567 ndash2502 ndash2938 ndash2186 173 Nigeria ndash28984 ndash7826 ndash7787 ndash7737 ndash5635 ndash3191 ndash4333 ndash8568 ndash7318 ndash7127 ndash5971 ndash3485 ndash4067 174 South Africa ndash2280 ndash69 ndash750 ndash727 ndash734 ndash274 ndash329 ndash112 ndash774 ndash671 ndash722 ndash325 ndash343 175 Other ndash15207 ndash3117 ndash3683 ndash4734 ndash3673 ndash2722 ndash3293 ndash3730 ndash3312 ndash4114 ndash4050 ndash3200 ndash2898 176 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

177 Members of OPEC ndash128577 ndash29791 ndash35416 ndash36283 ndash27088 ndash26739 ndash31860 ndash33139 ndash33056 ndash33078 ndash29304 ndash29573 ndash29683

See the footnotes on pages 92ndash93

72 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basis 1 Exports of goods balance of payments basis (Andash10) 1497406 356161 375554 378454 387237 385722 396218 360917 372160 382161 382167 388523 394110 2 Agricultural products 140023 38666 33709 30327 37321 36055 33171 36481 35600 33943 33999 33793 36719 3 Nonagricultural products 1357383 317495 341846 348127 349916 349667 363047 324436 336561 348218 348168 354731 357391 4 Foods feeds and beverages 126220 32958 29577 29071 34613 31647 29781 31850 31925 31303 31142 30471 33736 5 Agricultural 117356 31140 27595 26287 32334 29660 27692 29768 29712 29045 28831 28192 31400 6 Grains and preparations 36226 9289 10329 8729 7879 7375 7723 9063 10337 8664 8162 7065 7765 7 Wheat 11313 3109 3720 2663 1821 1874 2384 3211 3732 2372 1998 1885 2385 8 Corn 14842 3254 4122 3785 3682 3231 3054 3196 4038 3785 3824 3146 2981 9 Soybeans 18064 7129 2007 1840 7089 6235 3262 5361 4122 4261 4321 4542 6924

10 Meat products and poultry 17133 3765 4060 4601 4707 4393 4439 4031 4037 4496 4570 4642 4417 11 Vegetables fruits nuts and preparations 20491 4867 4951 4565 6108 5217 5343 4951 5049 5165 5326 5246 5466 12 Other agricultural foods feeds and beverages 25441 6091 6247 6552 6551 6440 6924 6363 6167 6459 6452 6697 6828 13 Nonagricultural (fish distilled beverages etc) 8864 1817 1983 2784 2280 1987 2089 2081 2213 2258 2312 2279 2336 14 Fish and shellfish 5698 1125 1200 1926 1447 1201 1224 1311 1406 1463 1519 1406 1444 15 Industrial supplies and materials 518676 121966 131314 135333 130063 131504 134599 123792 128577 133876 132431 132627 131996 16 Agricultural 22244 7410 5980 3975 4878 6287 5362 6610 5775 4799 5060 5503 5221 17 Raw cotton 8469 3806 2582 810 1271 2523 1777 3204 2206 1276 1783 1946 1430 18 Tobacco unmanufactured 1122 330 305 136 351 412 169 200 341 339 241 300 220 19 Hides and skins including furskins 2663 658 774 640 591 685 872 624 720 673 646 642 817 20 Other agricultural industrial supplies 9990 2617 2319 2388 2665 2667 2544 2582 2507 2510 2390 2615 2755 21 Nonagricultural 496433 114556 125333 131358 125185 125217 129238 117182 122802 129077 127371 127124 126776 22 Energy products 157771 34269 39460 41678 42364 40088 42789 35125 39133 41363 42150 40917 42545 23 Coal and related products 16857 3894 4384 4286 4293 4450 5310 4115 4354 4244 4143 4814 5308 24 Petroleum and products 131376 27910 32568 34911 35987 33861 35966 28544 32271 34639 35923 34326 35723 25 Natural gas 6438 1750 1775 1591 1322 1255 1005 1750 1775 1591 1322 1255 1005 26 Paper and paper base stocks 23618 5885 6085 6015 5632 5748 5700 5992 6046 5908 5672 5816 5656 27 Textile supplies and related materials 14380 3536 3769 3715 3361 3531 3592 3601 3605 3635 3539 3578 3436 28 Chemicals excluding medicinals 123148 29603 31694 31633 30218 30400 31200 29905 30771 31160 31311 30361 30271 29 Building materials except metals 13678 3299 3650 3519 3210 3343 3541 3411 3463 3438 3366 3421 3358 30 Other nonmetals 32625 7818 8397 8395 8015 8452 8836 7983 8123 8266 8253 8545 8549 31 Metals and nonmetallic products 131211 30146 32278 36403 32385 33655 33580 31165 31661 35306 33080 34485 32961 32 Steelmaking materials 14849 3056 4334 4141 3318 3173 3604 3479 3923 3846 3602 3547 3234 33 Iron and steel products 19626 4683 4981 4988 4974 5315 5190 4711 4790 4948 5177 5311 4995 34 Nonferrous metals 72291 16614 16676 20939 18062 18882 18105 17017 16826 20327 18120 19230 18230 35 Nonmonetary gold 34255 7723 6900 10528 9104 10319 9145 7723 6900 10528 9104 10319 9145 36 Other precious metals 11156 2700 3095 3009 2353 2246 2264 2700 3095 3009 2353 2246 2264 37 Other nonferrous metals 26880 6191 6682 7402 6605 6317 6696 6594 6832 6791 6663 6665 6821 38 Other metals and nonmetallic products 24446 5793 6286 6336 6032 6286 6682 5959 6122 6185 6181 6397 6503 39 Capital goods except automotive 493233 115207 123608 124660 129758 128919 132615 118335 122542 125479 126877 131210 131273 40 Machinery and equipment except consumer-type 407641 96292 102562 103155 105632 104886 108966 98818 101757 103184 103883 106531 107954 41 Electric generating machinery electric apparatus and parts 48291 11424 12171 12325 12371 12647 13535 11617 12087 12194 12393 12726 13436 42 Oil drilling mining and construction machinery 32927 7146 8257 8508 9016 8916 9634 7332 8063 8444 9090 9075 9413 43 Industrial engines pumps and compressors 28138 6329 7164 7143 7502 7521 7406 6616 7023 7197 7301 7770 7253 44 Machine tools and metalworking machinery 7759 1844 1952 2011 1951 1880 2001 1924 1912 2027 1896 1937 1958 45 Measuring testing and control instruments 23820 5767 5964 5905 6184 6201 6220 5883 5904 5957 6076 6262 6138 46 Other industrial agricultural and service industry machinery 91593 21397 23943 23125 23127 24009 25711 21832 22991 23299 23471 24310 24635 47 Computers peripherals and parts 48401 11350 11784 12251 13016 12543 12172 11833 12186 12301 12081 12960 12578 48 Semiconductors 44959 11363 11174 11509 10913 10396 10674 11849 11184 11139 10787 10701 10697 49 Telecommunications equipment 35873 8471 8725 9177 9500 9030 9647 8654 8871 9119 9229 9094 9806 50 Other office and business machines 3182 808 776 774 824 792 823 826 795 773 789 808 840 51 Scientific hospital and medical equipment and parts 42697 10391 10652 10426 11228 10952 11141 10452 10741 10735 10769 10888 11202 52 Civilian aircraft engines and parts 80177 17723 19676 20237 22542 22597 22157 18325 19415 21028 21410 23243 21827 53 Civilian aircraft complete all types 33372 6555 8074 8457 10286 10065 10013 6996 7884 9185 9307 10748 9757 54 Other transportation equipment 5414 1193 1371 1267 1583 1435 1492 1193 1371 1267 1583 1435 1492 55 Automotive vehicles parts and engines 133116 31447 33683 32859 35127 35837 38765 31831 32511 34368 34406 36463 37503 56 To Canada 54479 13917 14305 13195 13062 14472 16126 13685 13318 14023 13452 14198 15114 57 Passenger cars new and used 12275 3120 3390 2977 2788 2892 3623 3118 3057 3237 2863 2907 3274 58 Trucks buses and special purpose vehicles 13841 3292 3925 3427 3197 3760 4232 3520 3597 3573 3151 4010 3878 59 Engines and engine parts 5068 1365 1206 1216 1281 1490 1587 1281 1176 1295 1316 1379 1561 60 Other parts and accessories 23295 6140 5784 5575 5795 6330 6685 5766 5488 5918 6122 5902 6400 61 To other areas 78636 17530 19378 19664 22065 21364 22639 18146 19192 20345 20954 22266 22389 62 Passenger cars new and used 35085 7550 8829 8283 10423 9685 10545 8006 8725 8805 9549 10395 10400 63 Trucks buses and special purpose vehicles 5547 964 1239 1509 1836 1238 1350 1106 1345 1500 1596 1407 1443 64 Engines and engine parts 9651 2349 2407 2462 2432 2608 2606 2351 2356 2510 2433 2614 2555 65 Other parts and accessories 28353 6667 6903 7410 7374 7834 8137 6682 6766 7529 7376 7850 7991 66 Consumer goods (nonfood) except automotive 174957 41794 44642 43688 44834 44212 46605 42263 43894 44288 44512 44092 45764 67 Nondurable goods 77687 18512 19736 19719 19720 19459 20939 18527 19546 19791 19823 19237 20706 68 Apparel footwear and household goods 9413 2147 2268 2516 2481 2443 2470 2221 2321 2404 2466 2498 2528 69 Medicinal dental and pharmaceutical products 44948 10827 11720 11099 11301 11184 12446 10548 11395 11499 11506 10742 12057 70 Other nondurable goods 23327 5537 5747 6103 5939 5832 6024 5759 5830 5887 5850 5997 6121 71 Durable goods 97271 23282 24905 23969 25114 24753 25666 23736 24348 24497 24689 24855 25057 72 Televisions video receivers and other video equipment 5703 1260 1322 1519 1603 1271 1192 1382 1391 1494 1436 1377 1263 73 Radio and stereo equipment including records tapes and disks 5465 1228 1187 1311 1738 1203 1267 1333 1337 1370 1424 1297 1418 74 Toys and sporting goods including bicycles 10512 2463 2531 2597 2921 2482 2515 2568 2546 2649 2749 2550 2534 75 Household and kitchen appliances and other household goods 34060 8089 8573 8567 8831 8992 9189 8244 8463 8647 8705 9035 9085 76 Household furnishings and related products 4127 959 1020 1080 1068 1086 1145 996 1031 1046 1054 1115 1157 77 Household and kitchen appliances 6886 1534 1717 1835 1800 1700 1828 1689 1713 1751 1734 1838 1824 78 Other household goods including cell phones 23047 5596 5836 5652 5963 6206 6216 5559 5719 5850 5918 6082 6103 79 Gems jewelry and collectibles 17327 4299 4476 3969 4583 4794 5187 4130 4334 4389 4474 4636 4990 80 Other durable goods 24205 5942 6817 6006 5438 6011 6317 6079 6277 5947 5901 5961 5768 81 Exports nec 51205 12789 12730 12843 12842 13603 13853 12847 12712 12847 12799 13661 13838

See the footnotes on pages 92ndash93

73 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashTable Ends [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basismdashContinues

82 Imports of goods balance of payments basis (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 83 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 84 Nonpetroleum products 1773529 412034 440609 459509 461377 447008 468878 430839 439978 448588 454124 463448 468549 85 Foods feeds and beverages 108242 25760 27746 26237 28499 28110 28088 25805 27188 27067 28181 28014 27558 86 Agricultural 84591 20731 21951 20052 21857 22609 22071 20143 21240 21082 22125 21904 21370 87 Coffee cocoa and sugar 11136 2720 2938 2648 2830 2800 2408 2507 2933 2769 2927 2559 2413 88 Green coffee 6908 1621 1807 1581 1899 1760 1511 1441 1795 1683 1989 1567 1515 89 Meat products and poultry 7740 1832 2080 1902 1926 2200 2351 1842 1977 1973 1947 2190 2226 90 Vegetables fruits nuts and preparations 23649 6630 6227 4963 5829 7003 6484 5642 5855 6010 6141 5972 6121 91 Wine beer and related products 8590 1981 2247 2146 2216 2095 2294 2176 2119 2110 2186 2268 2177 92 Other agricultural foods feeds and beverages 33476 7568 8459 8394 9055 8511 8533 7976 8355 8220 8924 8914 8434 93 Nonagricultural (fish distilled beverages etc) 23651 5029 5795 6184 6642 5500 6017 5662 5948 5985 6056 6110 6188 94 Fish and shellfish 16597 3530 4011 4476 4580 3881 4217 3963 4168 4217 4249 4286 4395 95 Whiskey and other alcoholic beverages 6308 1314 1585 1540 1870 1403 1637 1511 1580 1600 1617 1607 1629 96 Industrial supplies and materials 782120 179577 208699 204576 189268 190656 198798 187994 200494 196574 197058 198977 191139 97 Agricultural 14241 3353 3741 3527 3620 4052 4244 3259 3616 3659 3707 3901 4093 98 Nonagricultural products 767879 176225 204958 201049 185648 186604 194554 184735 196878 192915 193351 195075 187046 99 Energy products 488378 110352 131653 127881 118492 116478 121100 117734 125897 121031 123715 123825 115955

100 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 101 Natural gas 15293 4689 3636 3712 3256 2829 2158 4248 3905 3845 3296 2561 2320 102 Paper and paper base stocks 12588 3045 3207 3334 3002 2886 2895 3137 3220 3214 3017 2958 2910 103 Textile supplies and related materials 13420 3089 3548 3484 3299 3344 3715 3232 3403 3395 3390 3468 3564 104 Chemicals excluding medicinals 75374 18367 19575 19169 18263 19043 19493 17460 18863 19698 19353 18191 18866 105 Building materials except metals 19879 4536 5206 5359 4778 4883 5795 4942 4873 5018 5046 5261 5447 106 Other nonmetals 29219 6712 7422 7757 7329 7228 7980 7136 7256 7383 7445 7610 7808 107 Metals and nonmetallic products 129020 30123 34347 34065 30485 32742 33576 31094 33366 33175 31385 33763 32496 108 Steelmaking materials 9050 2144 2488 2418 2000 2575 2213 2369 2323 2214 2144 2884 2046 109 Iron and steel products 37273 8165 10328 9764 9015 10357 10933 8554 9930 9423 9366 10824 10460 110 Nonferrous metals 61184 15111 15824 15955 14294 14278 14356 15226 15628 15820 14510 14302 14163 111 Nonmonetary gold 16391 3806 4053 4278 4254 3910 4361 3806 4053 4278 4254 3910 4361 112 Other precious metals 15678 3972 4064 4041 3601 3517 3003 4056 4078 3953 3590 3526 3011 113 Bauxite and aluminum 11579 2688 2989 3147 2754 2927 2966 2707 2785 3116 2972 2939 2767 114 Other nonferrous metals 17537 4645 4718 4489 3685 3924 4026 4657 4713 4473 3693 3927 4024 115 Other metals and nonmetallic products 21513 4704 5707 5927 5176 5532 6074 4945 5484 5719 5365 5752 5826 116 Capital goods except automotive 513368 116979 128626 132280 135484 132112 140910 123222 127620 129474 133053 137656 139854 117 Machinery and equipment except consumer-type 473137 107833 118972 122649 123683 121873 129709 113981 118036 119892 121228 127381 128719 118 Electric generating machinery electric apparatus and parts 59464 13657 14970 15627 15210 15250 16664 14545 14864 14854 15201 16081 16530 119 Oil drilling mining and construction machinery 21829 4653 5572 5790 5815 6824 7482 4691 5473 5731 5933 6848 7371 120 Industrial engines pumps and compressors 21406 5112 5206 5589 5500 5887 6389 5081 5119 5537 5669 5782 6304 121 Machine tools and metalworking machinery 9744 1894 2323 2508 3019 2774 2954 2035 2326 2485 2898 2943 2951 122 Measuring testing and control instruments 17527 4063 4346 4630 4488 4433 4666 4224 4375 4523 4406 4555 4707 123 Other industrial agricultural and service industry machinery 94073 21983 23660 24097 24333 24786 26619 22536 23040 23975 24523 25138 25986 124 Computers peripherals and parts 119710 26133 30498 31186 31892 29301 31436 28539 30366 30452 30354 31631 31261 125 Semiconductors 40411 9578 10045 10304 10484 10741 9853 9931 10074 10094 10312 11050 9858 126 Telecommunications equipment 48494 11410 12229 12523 12332 11755 13194 12528 12268 12053 11645 12785 13271 127 Other office and business machines 4593 1043 1146 1190 1213 1068 1237 1145 1119 1140 1189 1156 1212 128 Scientific hospital and medical equipment and parts 35886 8306 8978 9205 9397 9055 9215 8725 9012 9049 9100 9413 9267 129 Civilian aircraft engines and parts 35548 8326 8555 8354 10313 8977 9683 8421 8485 8305 10337 9011 9617 130 Civilian aircraft complete all types 9892 2416 2115 1808 3553 2048 2341 2416 2115 1808 3553 2048 2340 131 Other transportation equipment 4683 820 1099 1277 1488 1263 1518 820 1099 1277 1488 1263 1518 132 Automotive vehicles parts and engines 255222 61791 58754 64585 70092 72494 74922 62945 58211 66326 67740 73526 74661 133 From Canada 56541 13990 14091 13084 15376 15749 16687 13801 13428 14128 15183 15491 15964 134 Passenger cars new and used 38453 9490 9514 8685 10763 10805 11619 9430 9054 9413 10555 10683 11102 135 Trucks buses and special purpose vehicles 2096 398 436 504 757 538 568 458 462 541 635 625 596 136 Engines and engine parts 3515 942 929 828 816 944 1017 895 863 925 832 889 947 137 Other parts and accessories 12477 3160 3211 3067 3040 3462 3483 3018 3050 3248 3161 3295 3320 138 From other areas 198681 47802 44663 51501 54716 56745 58235 49144 44782 52198 52557 58035 58697 139 Passenger cars new and used 84137 20683 16715 22201 24538 24160 24385 21961 17277 22669 22230 25694 25194 140 Trucks buses and special purpose vehicles 18142 4053 4541 4782 4767 4959 4975 4176 4448 5078 4441 5128 4919 141 Engines and engine parts 20884 4948 5072 5315 5549 5957 6074 4904 4998 5319 5663 5817 6016 142 Other parts and accessories 75518 18117 18335 19203 19862 21669 22801 18102 18059 19133 20224 21395 22567

143 Consumer goods (nonfood) except automotive 517394 117755 126831 137971 134837 119060 126166 128201 130435 128534 130223 128055 130000 144 Nondurable goods 243930 56402 60191 67581 59756 57503 59149 59672 62097 61278 60883 60174 61175 145 Apparel footwear and household goods 125735 28108 30205 37621 29801 29316 29924 30551 32234 32053 30897 31549 32079 146 Medicinal dental and pharmaceutical products 91750 22207 23190 22983 23370 21886 22152 22616 23215 22565 23355 21977 22157 147 Other nondurable goods 26445 6087 6796 6977 6584 6301 7073 6505 6649 6659 6631 6648 6939 148 Durable goods 273464 61354 66639 70390 75081 61557 67017 68529 68337 67257 69341 67881 68825 149 Televisions video receivers and other video equipment 33514 7322 8062 8332 9798 6939 8028 8947 8540 8053 7974 8367 8546 150 Radio and stereo equipment including records tapes and disks 9818 2047 2138 2585 3048 2253 2306 2530 2432 2398 2458 2754 2621 151 Toys and sporting goods including bicycles 35577 7481 7495 10007 10595 7820 7863 9089 8743 8910 8836 9350 9152 152 Household and kitchen appliances and other household goods 136399 31154 34019 34409 36817 31134 34183 33717 33631 32875 36176 33157 33816 153 Household furnishings and related products 23669 5628 6215 5949 5877 6132 6780 5814 5892 5884 6080 6247 6431 154 Household and kitchen appliances 20972 4763 5878 5311 5020 5022 6387 5106 5183 5302 5381 5324 5648 155 Other household goods including cell phones 91758 20763 21926 23148 25920 19980 21015 22798 22556 21689 24715 21586 21737 156 Gems jewelry and collectibles 23675 5299 5644 6052 6681 5429 5572 5656 6102 6097 5819 5782 6054 157 Other durable goods 34481 8051 9282 9005 8143 7981 9065 8590 8889 8923 8078 8471 8636 158 Imports nec and US goods returned 59474 13749 15377 14958 15390 16302 16679 14108 15398 14803 15165 16594 16687 159 US goods returned 41619 9417 10905 10360 10937 11821 12100 9776 10926 10206 10713 12114 12109 160 Other products including balance of payments adjustments not included

above (minimum value shipments and miscellaneous imports) 17854 4332 4472 4597 4453 4480 4578 4332 4472 4597 4453 4480 4578

See the footnotes on pages 92ndash93

74 US International Transactions October 2012

Table 3 Private Services Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Exports of private services 586839 140041 144187 156346 146265 148140 149718 143455 147028 150217 146137 150759 152382

2 Travel (table 1 line 6) 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 3 Passenger fares (table 1 line 7) 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 4 Other transportation (table 1 line 8) 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 5 Freight 21730 5062 5517 5572 5579 5276 5613 5225 5453 5537 5514 5388 5492 6 Port services 21334 5246 5304 5453 5331 5423 5431 5295 5307 5419 5313 5475 5439

7 Royalties and license fees (table 1 line 9) By type 1

120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

8 Industrial processes 2 43952 10977 10730 11069 11175 11026 11393 10977 10730 11069 11175 11026 11393 9 Other 3

By affiliation 76884 17742 19680 19137 20325 18649 19598 18427 19613 19986 18858 19403 19542

10 US parentsrsquo receipts from their foreign affiliates 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 11 US affiliatesrsquo receipts from their foreign parent groups 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362 12 US receipts from unaffiliated foreigners 43757 10584 10809 10746 11617 11122 11804 10878 10662 11603 10614 11475 11674

13 Other private services (table 1 line 10) By type 1

270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476

14 Education 22726 9345 2756 6388 4236 9930 2927 5543 5636 5732 5815 5892 5988 15 Financial services 74055 18490 18877 19012 17676 17712 17725 18490 18877 19012 17676 17712 17725 16 Insurance services 15477 3795 3771 3895 4017 3895 3943 3795 3771 3895 4017 3895 3943 17 Telecommunications 12650 3057 3138 3306 3149 3297 3324 3057 3138 3306 3149 3297 3324 18 Business professional and technical services 134416 32142 32903 33620 35751 33848 35165 34206 33462 33418 33330 35336 35775 19 Other services 4

By affiliation 10870 2658 2701 2761 2750 2700 2721 2658 2701 2761 2750 2700 2721

20 US parentsrsquo receipts from their foreign affiliates 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 21 US affiliatesrsquo receipts from their foreign parent groups 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531 22 US receipts from unaffiliated foreigners 181770 48241 42281 47247 44002 49292 42993 45688 45350 46052 44680 45928 46227

23 Imports of private services 393065 89942 100367 104120 98635 96027 105608 94984 97522 100767 99791 101605 102494 24 Travel (table 1 line 23) 78651 16469 22193 22808 17181 18430 24034 19257 19628 19895 19871 21228 21387 25 Passenger fares (table 1 line 24) 31109 7204 8241 8229 7435 8263 9446 7542 7698 7946 7923 8936 8821 26 Other transportation (table 1 line 25) 54711 13110 13634 14148 13819 13337 13837 13439 13736 13767 13769 13716 13842 27 Freight 40337 9676 10089 10445 10127 9952 10371 9909 10214 10180 10034 10237 10398 28 Port services 14374 3434 3545 3703 3692 3385 3466 3530 3522 3587 3735 3479 3444

29 Royalties and license fees (table 1 line 26) By type 1

36620 8941 8451 9274 9955 9856 9955 8921 8543 9503 9652 9859 10040

30 Industrial processes 2 22633 5211 5166 5958 6298 6134 6402 5232 5175 6073 6153 6178 6404 31 Other 3

By affiliation 13987 3729 3285 3316 3657 3722 3553 3689 3369 3430 3499 3682 3636

32 US parentsrsquo payments to their foreign affiliates 6962 1543 1625 1875 1919 1867 1945 1543 1625 1875 1919 1867 1945 33 US affiliatesrsquo payments to their foreign parent groups 19253 5032 4398 4596 5227 5220 5287 5088 4437 4834 4894 5294 5327 34 US payments to unaffiliated foreigners 10405 2365 2428 2803 2809 2769 2722 2290 2482 2794 2840 2698 2767

35 Other private services (table 1 line 27) By type 1

191973 44219 47848 49661 50246 46140 48336 45825 47916 49656 48576 47866 48404

36 Education 5888 1113 1495 1980 1300 1171 1576 1451 1463 1475 1498 1525 1543 37 Financial services 16207 4083 4212 3906 4006 3915 3973 4083 4212 3906 4006 3915 3973 38 Insurance services 56619 13495 14161 14869 14094 13203 13311 13495 14161 14869 14094 13203 13311 39 Telecommunications 7690 1973 1871 1976 1870 1806 1812 1973 1871 1976 1870 1806 1812 40 Business professional and technical services 104773 23355 25909 26729 28780 25843 27461 24623 26009 27229 26912 27214 27561 41 Other services 4

By affiliation 797 199 201 201 196 204 205 199 201 201 196 204 205

42 US parentsrsquo payments to their foreign affiliates 57245 12590 13993 14874 15789 13842 15217 13495 13874 15063 14814 14807 15091 43 US affiliatesrsquo payments to their foreign parent groups 24910 5564 6149 6184 7013 6528 6629 5774 6344 6301 6491 6779 6828 44 US payments to unaffiliated foreigners

Supplemental detail on insurance transactions

109818 26065 27707 28603 27443 25771 26490 26556 27698 28292 27271 26280 26485

45 Premiums received 5 26571 6577 6438 6662 6895 6754 6879 6577 6438 6662 6895 6754 6879 46 Actual losses paid 22043 8870 4427 4401 4345 4268 4182 8870 4427 4401 4345 4268 4182

47 Premiums paid 5 92552 21284 22845 24854 23568 22288 22844 21284 22845 24854 23568 22288 22844 48 Actual losses recovered

Memoranda

60443 14462 15095 15459 15427 15042 14369 14462 15095 15459 15427 15042 14369

49 Balance on goods (table 1 line 72) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 50 Balance on private services (line 1 minus line 23) 193774 50098 43820 52226 47629 52113 44110 48471 49506 49450 46346 49154 49889 51 Balance on goods and private services (lines 49 and 50) ndash544639 ndash109353 ndash146657 ndash149927 ndash138703 ndash120899 ndash145234 ndash132887 ndash137678 ndash131167 ndash142908 ndash145144 ndash135901

See the footnotes on pages 92ndash93

75 October 2012 SURVEY OF CURRENT BUSINESS

Table 4 Investment Income [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Income receipts on US-owned assets abroad (table 1 line 13) 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595

2 Direct investment receipts (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 3 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 4 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942

5 Other private receipts (table 1 line 15) 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803

6 Income on foreign securities 217968 50866 54343 57039 55721 56615 61114 50866 54343 57039 55721 56615 61114 7 Dividends 137315 31141 34338 36522 35315 36670 41254 31141 34338 36522 35315 36670 41254 8 Interest 80653 19725 20005 20517 20406 19945 19861 19725 20005 20517 20406 19945 19861

9 Interest on claims reported by banks and securities brokers 1 23922 5881 6123 5643 6276 5906 5207 5881 6123 5643 6276 5906 5207 10 For own claims 20941 5038 5411 4966 5526 5276 4665 5038 5411 4966 5526 5276 4665 11 For customersrsquo claims 2981 843 712 677 750 630 543 843 712 677 750 630 543

12 Interest on claims reported by nonbanking concerns 14760 3515 3658 3680 3907 3625 3481 3515 3658 3680 3907 3625 3481

13 US government receipts (table 1 line 16) 2 1923 379 502 524 518 624 499 445 506 527 444 763 499

14 Income payments on foreign-owned assets in the United States (table 1 line 30) 503796 122119 131175 127193 123310 130262 128398 124863 129835 125508 123590 133885 127173

15 Direct investment payments (table 1 line 31) 158559 37147 45195 39946 36272 41962 39144 39891 43855 38261 36552 45585 37919 16 Earnings 132889 31715 38625 33092 29457 35678 32479 33922 37236 31448 30283 38556 31221 17 Interest 25670 5432 6569 6854 6815 6284 6665 5970 6619 6813 6268 7029 6698

18 Other private payments (table 1 line 32) 212506 51501 53193 54157 53655 55396 56528 51501 53193 54157 53655 55396 56528

19 Income on US corporate securities 191403 46501 47969 49082 47851 49620 51088 46501 47969 49082 47851 49620 51088 20 Dividends 73272 17615 18297 19122 18239 20551 21994 17615 18297 19122 18239 20551 21994 21 Interest 118131 28886 29672 29961 29613 29069 29095 28886 29672 29961 29613 29069 29095

22 Interest on liabilities reported by banks and securities brokers 3 13845 3343 3421 3294 3788 3742 3488 3343 3421 3294 3788 3742 3488 23 For own liabilities 8873 2111 2116 2109 2537 2453 2298 2111 2116 2109 2537 2453 2298 24 For customersrsquo liabilities 4973 1232 1305 1185 1251 1288 1190 1232 1305 1185 1251 1288 1190

25 Interest on liabilities reported by nonbanking concerns 7258 1657 1804 1781 2016 2035 1952 1657 1804 1781 2016 2035 1952

26 US government payments (table 1 line 33) 4

Memorandum

132731 33471 32787 33090 33383 32904 32726 33471 32787 33090 33383 32904 32726

27 Balance on investment income (line 1 minus line 14) 235013 56306 60286 59989 58432 52167 59343 54465 58212 60486 61851 49345 57422

See the footnotes on pages 92ndash93

76 US International Transactions October 2012

Table 5 US Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars]

Line (Credits + decrease in US assets or increase in foreign assets Debits ndash increase in US assets or decrease in foreign assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 US official reserve assets net (table 1 line 41) ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 556620 2 Gold (table 1 line 42) 0 0 0 0 0 0 0 418006 3 Special drawing rights (table 1 line 43) 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 54341 4 Reserve position in the International Monetary Fund (table 1 line 44) ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 33930 5 Foreign currencies (table 1 line 45) 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 50343

B1 Foreign official assets in the United States net (table 1 line 56) By instrument

211826 72974 121822 19889 ndash2859 69711 83010 5446436

2 US Treasury securities (table 1 line 58) 171179 56274 104363 28115 ndash17573 85068 84870 3820294 3 Bills and certificates ndash103432 ndash44574 ndash5335 ndash25726 ndash27797 ndash724 7606 366603 4 Bonds and notes marketable 274493 100820 109668 53811 10194 85762 77233 3452104 5 Bonds and notes nonmarketable 118 28 30 30 30 30 31 1587 6 Other US government securities (table 1 line 59) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 609996 7 Other US government liabilities (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 124248 8 US liabilities reported by US banks and securities brokers (table 1 line 61) 30010 ndash3090 15764 5121 12215 ndash19305 5982 196406 9 Liabilities for own accounts 1 42762 628 12578 8708 20848 ndash19636 9591 185597

10 Repurchase agreements 41101 7350 4198 12123 17430 ndash3161 892 127866 11 Deposits and brokerage balances 2 5151 ndash1073 7768 ndash4856 3312 ndash10349 6565 51909 12 Other liabilities ndash3490 ndash5649 612 1441 106 ndash6126 2134 5822 13 Liabilities for customersrsquo accounts 1 ndash12752 ndash3718 3186 ndash3587 ndash8633 331 ndash3609 10809 14 Negotiable certificates of deposit and other short-term instruments ndash12751 ndash3718 3187 ndash3587 ndash8633 331 ndash3609 10776 15 Other liabilities ndash1 () ndash1 () () () () 33 16 Other foreign official assets (table 1 line 62)

By area

14018 5631 6638 1232 517 752 3621 695492

17 Europe 38811 23443 21041 37333 ndash43006 10712 33045 788398 18 Canada 3872 ndash212 3777 ndash2001 2308 ndash535 ndash695 25243 19 Latin America and Caribbean 49694 26680 18074 ndash810 5750 7983 24414 458633 20 Asia 127278 29076 72931 ndash12181 37452 53413 22047 4037369 21 Africa ndash11843 ndash2296 1148 ndash7060 ndash3635 ndash3308 3131 44750 22 Other 4014 ndash3717 4851 4608 ndash1728 1446 1068 92043

See the footnotes on pages 92ndash93

77 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 Selected US Government Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 US government grants and transactions increasing government assets total

By category

155507 12321 16931 13426 112830 ndash38814 ndash4439

2 Grants net 48508 11165 14315 11476 11552 11911 11657 3 US government current grants net (table 1 line 36 with sign reversed) 47350 11136 13486 11176 11551 11910 11657 4 Financing military purchases 1 17043 3835 6302 3166 3741 5304 4266 5 Other grants 30307 7302 7184 8010 7811 6605 7392 6 Cash contributions received from coalition partners for Persian Gulf operations 7 Debt forgiveness (table 1 part of line 39 with sign reversed) 1158 29 829 300 1 1 0

8 Credits and other long-term assets (table 1 line 47 with sign reversed) 7307 1307 2337 1396 2267 2631 2393 9 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753

10 Credits repayable in US dollars 4742 738 877 970 2158 2267 640 11 Credits repayable in other than US dollars 0 0 0 0 0 0 0 12 Other long-term assets 0 0 0 0 0 0 0

13 Foreign currency holdings and short-term assets net (table 1 line 49 with sign reversed) 99692 ndash150 279 553 99010 ndash53356 ndash18489 14 Foreign currency holdings (excluding administrative cash holdings) net

Receipts from 0 0 0 0 0 0 0

15 Sales of agricultural commodities 0 0 0 0 0 0 0 16 Interest 0 0 0 0 0 0 0 17 Repayments of principal 0 0 0 0 0 0 0 18 Reverse grants 0 0 0 0 0 0 0 19 Other sources

Less currencies disbursed for 0 0 0 0 0 0 0

20 Grants and credits in the recipientrsquos currency 0 0 0 0 0 0 0 21 Other grants and credits 0 0 0 0 0 0 0 22 Other US government expenditures 0 0 0 0 0 0 0 23 Assets acquired in performance of US government guarantee and insurance obligations net ndash113 ndash112 ndash12 7 4 2 2 24 Other assets held under Commodity Credit Corporation Charter Act net 0 0 0 0 0 0 0 25 Assets financing military sales contracts net 2 0 0 0 0 0 0 0 26 Other short-term assets (including changes in administrative cash holdings) net 9

By program

99806 ndash39 291 546 99007 ndash53358 ndash18491

27 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753 28 Under Agricultural Trade Development and Assistance Act and related programs 1785 452 444 444 445 443 445 29 Under Foreign Assistance Act and related programs 44105 10363 12642 10445 10655 11122 10490 30 Under Export-Import Bank Act 4733 418 1612 704 1998 2193 507 31 Under Commodity Credit Corporation Charter Act 63 50 1 8 4 2 2 32 Under other grant and credit programs 2451 508 480 852 612 420 855 33 Other foreign currency assets acquired (lines A16 A17 and A19) 0 0 0 0 0 0 0 34 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 35 Other (including changes in administrative cash holdings) net 9

By disposition 3

99806 ndash39 291 546 99007 ndash53358 ndash18491

36 Estimated transactions involving no direct dollar outflow from the United States 39588 8587 12036 8695 10270 11313 8804 37 Expenditures on US goods 10582 1708 3370 2104 3400 3303 3074 38 Expenditures on US services 4 11865 2860 2837 3050 3118 2697 2754 39 Financing of military sales contracts by US government 5 (line C6) 15740 3834 5003 3161 3741 5303 2966 40 By long-term credits 0 0 0 0 0 0 0 41 By short-term credits 1 0 0 0 0 0 0 0 42 By grants 1 15740 3834 5003 3161 3741 5303 2966 43 US government grants and credits to repay prior US government credits 1 4 1475 265 831 371 7 8 8 44 US government long- and short-term credits to repay prior US private credits 6 and other assets ndash59 ndash79 6 11 4 2 2 45 Increase in liabilities associated with US government grants and transactions increasing government assets

(including changes in retained accounts) 7 (line C11) 0 0 0 0 0 0 0 46 Less receipts on short-term US government assets (a) financing military sales contracts 1 (b) financing

repayment of private credits and other assets and (c) financing expenditures on US goods 14 2 11 1 0 0 0 47 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9 115919 3735 4895 4730 102560 ndash50127 ndash13243

B1 Repayments on US government long-term assets total (table 1 line 48) 3333 610 1259 812 653 352 630 2 Receipts of principal on US government credits 3333 610 1259 812 653 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 113 165 63 92 4 Under Foreign Assistance Act and related programs 1289 406 160 562 162 128 156 5 Under Export-Import Bank Act 1608 119 1043 125 321 143 374 6 Under Commodity Credit Corporation Charter Act 33 8 8 12 5 18 8 7 Under other credit programs 0 0 0 0 0 0 0 8 Receipts on other long-term assets 0 0 0 0 0 0 0

C1 US government liabilities other than securities total net increase (+) (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 2 Associated with military sales contracts 2 9063 2714 2236 2287 1826 2833 2682 3 US government cash receipts from foreign governments (including principal repayments on credits financing

military sales contracts) net of refunds 1 20568 5499 4188 6357 4524 5126 5927 4 Less US government receipts from principal repayments 64 21 3 37 3 20 3 5 Less US Treasury securities issued in connection with prepayments for military purchases in the United States ndash300 ndash200 ndash100 0 0 600 0 6 Plus financing of military sales contracts by US government 5 (line A39) 15740 3834 5003 3161 3741 5303 2966 7 By long-term credits 0 0 0 0 0 0 0 8 By short-term credits 1 0 0 0 0 0 0 0 9 By grants 1 15740 3834 5003 3161 3741 5303 2966

10 Less transfers of goods and services (including transfers financed by grants for military purchases and by credits) 1 2 (table 1 line 5 and part of table 1 line 3) 27480 6799 7053 7193 6436 6975 6207

11 Associated with US government grants and transactions increasing Government assets (including changes in retained accounts) 7 (line A45) 0 0 0 0 0 0 0

12 Associated with other liabilities 0 0 0 0 0 0 0 13 Sales of nuclear material by Department of EnergyUS Enrichment Corporation 8 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 0 0 0 0 15 Other sales and miscellaneous operations 10 0 0 0 0 0 0 0

See the footnotes on pages 92ndash93

78 US International Transactions October 2012

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashContinues [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

US direct investment abroad 1 Income (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 2 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 3 Distributed earnings 124644 23504 22427 22871 55842 23865 21390 32210 27222 33572 31641 32869 27378 4 Reinvested earnings 348639 92627 102644 95678 57690 89929 94107 84759 94430 83786 85664 81587 84973 5 Reinvested earnings without current-cost adjustment 325963 86892 96963 90037 52071 84286 88464 79024 88749 78145 80045 75944 79330 6 Current-cost adjustment 22676 5735 5681 5641 5619 5643 5643 5735 5681 5641 5619 5643 5643 7 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 8 US parentsrsquo receipts 9283 2227 2339 2330 2388 2441 2514 2227 2339 2330 2388 2441 2514 9 US parentsrsquo payments ndash2328 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572

10 Income without current-cost adjustment 457562 112049 121155 114656 109702 110017 111796 112886 117736 113465 113475 110678 108650 11 Manufacturing 73806 17966 18899 20074 16867 17028 18022 18913 18394 18633 17866 17837 17522 12 Wholesale trade 29989 7093 7704 7682 7510 7426 7811 7646 7305 7889 7149 7880 7533 13 Finance (including depository institutions) and insurance 43794 10295 12580 11150 9769 11997 10863 10264 11780 10753 10997 11970 10134 14 Holding companies except bank holding companies 221295 56322 59376 52965 52633 51753 53045 55691 57661 53403 54541 51180 51405 15 Other 88678 20373 22596 22786 22922 21812 22056 20373 22596 22786 22922 21812 22056

16 Earnings without current-cost adjustment (line 2 less line 6) 450607 110396 119390 112908 107913 108151 109854 111234 115971 111716 111685 108813 106708 17 Manufacturing 73186 17813 18746 19933 16693 16878 17898 18761 18241 18492 17692 17686 17399 18 Wholesale trade 29714 7033 7631 7613 7437 7330 7722 7586 7232 7821 7075 7783 7445 19 Finance (including depository institutions) and insurance 43417 10189 12489 11058 9681 11912 10710 10158 11689 10662 10909 11885 9981 20 Holding companies except bank holding companies 217489 55471 58407 51986 51626 50686 51960 54839 56692 52424 53534 50112 50320 21 Other 86801 19890 22117 22318 22476 21346 21564 19890 22117 22318 22476 21346 21564

22 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 23 Manufacturing 620 153 153 141 174 150 123 153 153 141 174 150 123 24 Wholesale trade 275 59 73 69 74 96 89 59 73 69 74 96 89 25 Finance (including depository institutions) and insurance 1 377 106 91 92 88 85 153 106 91 92 88 85 153 26 Holding companies except bank holding companies 3806 851 969 978 1007 1068 1085 851 969 978 1007 1068 1085 27 Other 1877 483 479 468 447 466 492 483 479 468 447 466 492 28 Financial flows (table 1 line 51) ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 29 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 30 Increases in equity ndash96679 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 31 Decreases in equity 44289 10804 9498 15550 8437 9955 3899 10804 9498 15550 8437 9955 3899 32 Reinvested earnings (line 4 with sign reversed) ndash348639 ndash92627 ndash102644 ndash95678 ndash57690 ndash89929 ndash94107 ndash84759 ndash94430 ndash83786 ndash85664 ndash81587 ndash84973 33 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 34 US parentsrsquo receivables ndash51927 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 35 US parentsrsquo payables 33625 12990 11539 13072 ndash3976 ndash10998 5502 12990 11539 13072 ndash3976 ndash10998 5502

36 Financial flows without current-cost adjustment ndash396656 ndash106537 ndash135929 ndash76575 ndash77615 ndash118793 ndash82721 ndash98669 ndash127716 ndash64682 ndash105589 ndash110451 ndash73586 37 Manufacturing ndash59177 ndash16194 ndash18091 ndash13990 ndash10902 ndash26301 ndash12029 ndash15541 ndash17844 ndash11563 ndash14229 ndash25696 ndash11657 38 Wholesale trade ndash24274 ndash5575 ndash9735 ndash4201 ndash4762 ndash13024 ndash7336 ndash5524 ndash9400 ndash4178 ndash5172 ndash12642 ndash7057 39 Finance (including depository institutions) and insurance ndash28020 ndash14300 ndash10263 ndash1251 ndash2206 ndash12624 ndash10334 ndash13175 ndash8485 1349 ndash7709 ndash11461 ndash9030 40 Holding companies except bank holding companies ndash207586 ndash56964 ndash63460 ndash40885 ndash46277 ndash41493 ndash42723 ndash50998 ndash58733 ndash35655 ndash62199 ndash35138 ndash36610 41 Other ndash77600 ndash13505 ndash34380 ndash16247 ndash13468 ndash25350 ndash10299 ndash13431 ndash33254 ndash14635 ndash16280 ndash25515 ndash9231

42 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 43 Manufacturing ndash10282 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 44 Wholesale trade ndash196 1012 ndash731 ndash360 ndash117 ndash36 ndash165 1012 ndash731 ndash360 ndash117 ndash36 ndash165 45 Finance (including depository institutions) and insurance 3005 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 46 Holding companies except bank holding companies ndash29277 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 47 Other ndash15641

48 Reinvested earnings without current-cost adjustment (line 5

699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998 699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998

with sign reversed) ndash325963 ndash86892 ndash96963 ndash90037 ndash52071 ndash84286 ndash88464 ndash79024 ndash88749 ndash78145 ndash80045 ndash75944 ndash79330 49 Manufacturing ndash55516 ndash15571 ndash12341 ndash16403 ndash11200 ndash15084 ndash15008 ndash14919 ndash12094 ndash13976 ndash14527 ndash14479 ndash14637 50 Wholesale trade ndash23262 ndash6343 ndash5714 ndash5598 ndash5608 ndash6423 ndash5596 ndash6292 ndash5379 ndash5575 ndash6017 ndash6040 ndash5317 51 Finance (including depository institutions) and insurance ndash24211 ndash7544 ndash9071 ndash8164 568 ndash8364 ndash8540 ndash6420 ndash7293 ndash5564 ndash4935 ndash7201 ndash7237 52 Holding companies except bank holding companies ndash156816 ndash43701 ndash51718 ndash40749 ndash20648 ndash37529 ndash40949 ndash37735 ndash46991 ndash35520 ndash36570 ndash31174 ndash34836 53 Other ndash66157 ndash13733 ndash18120 ndash19122 ndash15183 ndash16886 ndash18371 ndash13659 ndash16993 ndash17510 ndash17995 ndash17050 ndash17303

54 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 55 Manufacturing 6620 348 ndash2426 5502 3196 ndash11030 4064 348 ndash2426 5502 3196 ndash11030 4064 56 Wholesale trade ndash815 ndash244 ndash3290 1757 963 ndash6566 ndash1574 ndash244 ndash3290 1757 963 ndash6566 ndash1574 57 Finance (including depository institutions) and insurance 2 ndash6814 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 58 Holding companies except bank holding companies ndash21492 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 59 Other 4199 ndash471 ndash2630 4386 2914 ndash5022 9070 ndash471 ndash2630 4386 2914 ndash5022 9070

60 Royalties and license fees net 66130 15584 17100 16678 16768 15386 15879 15975 17181 16669 16305 15787 15954 61 US parentsrsquo receipts (table 1 part of line 9) 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 62 US parentsrsquo payments (table 1 part of line 26) ndash6962 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945

63 Other private services net 1656 1528 641 ndash613 101 1120 391 1108 879 ndash509 179 643 628 64 US parentsrsquo receipts (table 1 part of line 10) 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 65 US parentsrsquo payments (table 1 part of line 27) ndash57245 ndash12590 ndash13993 ndash14874 ndash15789 ndash13842 ndash15217 ndash13495 ndash13874 ndash15063 ndash14814 ndash14807 ndash15091

See the footnotes on pages 92ndash93

79 October 2012 SURVEY OF CURRENT BUSINESS

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashTable Ends [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Foreign direct investment in the United States 66 Income (table 1 line 31) ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 67 Earnings ndash132889 ndash31715 ndash38625 ndash33092 ndash29457 ndash35678 ndash32479 ndash33922 ndash37236 ndash31448 ndash30283 ndash38556 ndash31221 68 Distributed earnings ndash45500 ndash6356 ndash11011 ndash10722 ndash17411 ndash8671 ndash12651 ndash9436 ndash12068 ndash14213 ndash9783 ndash12745 ndash15395 69 Reinvested earnings ndash87389 ndash25359 ndash27614 ndash22370 ndash12046 ndash27007 ndash19829 ndash24486 ndash25168 ndash17235 ndash20500 ndash25811 ndash15826 70 Reinvested earnings without current-cost adjustment ndash80338 ndash23529 ndash25842 ndash20637 ndash10330 ndash25251 ndash18066 ndash22656 ndash23396 ndash15502 ndash18784 ndash24055 ndash14063 71 Current-cost adjustment ndash7051 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 72 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 73 US affiliatesrsquo payments ndash30005 ndash6234 ndash7717 ndash7996 ndash8058 ndash7425 ndash7785 ndash6772 ndash7767 ndash7955 ndash7511 ndash8170 ndash7818 74 US affiliatesrsquo receipts 4335 802 1148 1142 1243 1141 1120 802 1148 1142 1243 1141 1120

75 Income without current-cost adjustment ndash151508 ndash35317 ndash43423 ndash38213 ndash34556 ndash40206 ndash37381 ndash38061 ndash42083 ndash36528 ndash34836 ndash43829 ndash36156 76 Manufacturing ndash64899 ndash12720 ndash16789 ndash18633 ndash16757 ndash17145 ndash16242 ndash15303 ndash15493 ndash16911 ndash17192 ndash20617 ndash15061 77 Wholesale trade ndash16259 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 78 Finance (including depository institutions) and insurance ndash21752 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 79 Other ndash48598 ndash11079 ndash12703 ndash13082 ndash11734 ndash12044 ndash13192 ndash11241 ndash12660 ndash13119 ndash11579 ndash12195 ndash13147

80 Earnings without current-cost adjustment (line 67 less line 71) ndash125838 ndash29885 ndash36853 ndash31359 ndash27741 ndash33922 ndash30716 ndash32092 ndash35464 ndash29715 ndash28567 ndash36800 ndash29458 81 Manufacturing ndash55386 ndash10798 ndash14394 ndash16015 ndash14178 ndash14244 ndash13364 ndash13005 ndash13005 ndash14370 ndash15005 ndash17122 ndash12106 82 Wholesale trade ndash14661 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 83 Finance (including depository institutions) and insurance ndash20365 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 84 Other ndash35426 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065

85 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 86 Manufacturing ndash9514 ndash1922 ndash2395 ndash2618 ndash2579 ndash2901 ndash2878 ndash2298 ndash2488 ndash2541 ndash2187 ndash3495 ndash2956 87 Wholesale trade ndash1598 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 88 Finance (including depository institutions) and insurance 1 ndash1386 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 89 Other ndash13172 ndash2838 ndash3393 ndash3481 ndash3460 ndash2792 ndash3127 ndash2999 ndash3350 ndash3518 ndash3305 ndash2943 ndash3082

90 Financial flows (table 1 line 64) 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 91 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 92 Increases in equity 132936 17222 36517 35875 43322 15340 18046 17222 36517 35875 43322 15340 18046 93 Decreases in equity ndash39712 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 94 Reinvested earnings (line 69 with sign reversed) 87389 25359 27614 22370 12046 27007 19829 24486 25168 17235 20500 25811 15826 95 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 96 US affiliatesrsquo payables 43290 11769 7883 7075 16563 7349 14733 11769 7883 7075 16563 7349 14733 97 US affiliatesrsquo receivables 10085 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715

98 Financial flows without current-cost adjustment 226937 32409 61955 66624 65949 21642 35719 31535 59509 61489 74404 20446 31716 99 Manufacturing 90883 13314 22501 34763 20305 4194 18099 13977 19299 31624 25983 5897 13762

100 Wholesale trade 25675 5885 4278 ndash211 15723 7844 3673 5885 4278 ndash211 15723 7844 3673 101 Finance (including depository institutions) and insurance 26470 4236 9275 4803 8156 ndash5065 5212 3421 9488 4363 9198 ndash6455 5039 102 Other 83908 8973 25900 27269 21765 14669 8735 8251 26443 25713 23500 13159 9242

103 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 104 Manufacturing 35349 5742 11529 6542 11536 ndash39 5875 5742 11529 6542 11536 ndash39 5875 105 Wholesale trade ndash67 370 878 ndash2425 1111 866 ndash77 370 878 ndash2425 1111 866 ndash77 106 Finance (including depository institutions) and insurance 23959 2776 5921 10935 4326 ndash7581 5007 2776 5921 10935 4326 ndash7581 5007 107 Other 33983 ndash1312 12153 10495 12647 8773 831 ndash1312 12153 10495 12647 8773 831

108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80338 23529 25842 20637 10330 25251 18066 22656 23396 15502 18784 24055 14063

109 Manufacturing 39912 8869 12425 14871 3748 11842 9086 9532 9223 11732 9426 13545 4749 110 Wholesale trade 9572 2669 3983 1139 1781 3052 3517 2669 3983 1139 1781 3052 3517 111 Finance (including depository institutions) and insurance 5528 5221 3553 ndash3602 356 3718 ndash1022 4407 3766 ndash4043 1398 2328 ndash1195 112 Other 25326 6770 5881 8230 4445 6639 6484 6048 6424 6673 6180 5130 6991

113 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 114 Manufacturing 15621 ndash1297 ndash1453 13350 5021 ndash7609 3138 ndash1297 ndash1453 13350 5021 ndash7609 3138 115 Wholesale trade 16170 2846 ndash583 1075 12831 3926 233 2846 ndash583 1075 12831 3926 233 116 Finance (including depository institutions) and insurance 2 ndash3017 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 117 Other 24599 3515 7867 8544 4673 ndash744 1420 3515 7867 8544 4673 ndash744 1420

118 Royalties and license fees net ndash15266 ndash4024 ndash3523 ndash3688 ndash4031 ndash3920 ndash3926 ndash4080 ndash3561 ndash3927 ndash3698 ndash3994 ndash3965 119 US affiliatesrsquo payments (table 1 part of line 26) ndash19253 ndash5032 ndash4398 ndash4596 ndash5227 ndash5220 ndash5287 ndash5088 ndash4437 ndash4834 ndash4894 ndash5294 ndash5327 120 US affiliatesrsquo receipts (table 1 part of line 9) 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362

121 Other private services net 4611 1565 1082 1291 673 601 575 1684 1137 1217 573 676 703 122 US affiliatesrsquo payments (table 1 part of line 27) ndash24910 ndash5564 ndash6149 ndash6184 ndash7013 ndash6528 ndash6629 ndash5774 ndash6344 ndash6301 ndash6491 ndash6779 ndash6828 123 US affiliatesrsquo receipts (table 1 part of line 10) 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531

See the footnotes on pages 92ndash93

80 US International Transactions October 2012

Table 8 Transactions in Long-Term Securities [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 Foreign securities net purchases (ndash) or net sales (+) by US residents (table 1 line 52 or lines 4 + 18 below) ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 2 Stocks gross purchases by US residents 4058569 1115382 1041556 1025031 876600 945740 881122 3 Stocks gross sales by US residents 3969524 1067659 1014406 1002229 885230 930938 860148 4 Stocks net purchases by US residents ndash89045 ndash47723 ndash27150 ndash22802 8630 ndash14802 ndash20974 5 New issues in the United States 1 na na na na na na na 6 Transactions in outstanding stocks net

Net purchases by US residents by area

na na na na na na na

7 Europe ndash25067 ndash26337 ndash2604 ndash5702 9576 ndash2358 ndash15082 8 Of which United Kingdom ndash13396 ndash19159 70 ndash1874 7567 ndash1600 ndash15899 9 Canada ndash5443 ndash1865 ndash372 ndash4436 1230 ndash570 ndash1511

10 Caribbean financial centers 2 ndash35903 3950 ndash20403 ndash18436 ndash1014 2094 ndash3070 11 Latin America excluding Caribbean financial centers ndash5931 ndash4670 320 169 ndash1750 ndash2025 ndash442 12 Asia ndash15100 ndash17825 ndash2663 6056 ndash668 ndash11612 250 13 Of which Japan 4246 ndash5286 3161 6028 343 ndash2486 ndash1332 14 Africa ndash1267 177 323 ndash1659 ndash108 ndash963 ndash335 15 Other ndash334 ndash1153 ndash1751 1206 1364 632 ndash784

16 Bonds gross purchases by US residents 3588896 980857 1002268 812382 793389 952456 924408 17 Bonds gross sales by US residents 3531144 943108 972223 795074 820739 970862 950919 18 Bonds net purchases by US residents ndash57752 ndash37749 ndash30045 ndash17308 27350 18406 26511 19 New issues in the United States 1 na na na na na na na 20 Transactions in outstanding bonds net

Net purchases by US residents by area

na na na na na na na

21 Europe ndash57116 ndash38199 ndash44480 ndash3521 29084 32726 ndash6380 22 Of which United Kingdom ndash69861 ndash28228 ndash40030 ndash15810 14207 25939 ndash12477 23 Canada ndash33586 ndash3501 ndash8892 ndash11520 ndash9673 ndash6694 ndash5133 24 Caribbean financial centers 2 19097 6201 10873 ndash755 2778 ndash6681 5324 25 Latin America excluding Caribbean financial centers ndash14169 ndash2362 ndash3442 ndash8420 55 ndash7267 ndash367 26 Asia 27885 2618 12813 8227 4227 7667 20602 27 Of which Japan ndash1609 ndash4247 1335 1706 ndash403 2740 740 28 Africa ndash336 729 ndash394 ndash495 ndash176 561 1095 29 Other 473 ndash3235 3477 ndash824 1055 ndash1906 11370 B1 US securities excluding transactions in US Treasury securities and transactions of foreign official agencies net

purchases (+) or net sales (ndash) by foreign residents (table 1 line 66 or lines 4 + 16 + 30 below) ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174

2 Stocks gross purchases by foreign residents 7694549 1895452 1924179 2139525 1735393 1754294 1771458 3 Stocks gross sales by foreign residents 7682151 1863304 1898511 2167803 1752533 1735411 1780038 4 Stocks net purchases by foreign residents

Net purchases by foreign residents by area

12398 32148 25668 ndash28278 ndash17140 18883 ndash8580

5 Europe ndash36934 9946 6908 ndash35533 ndash18255 15866 1499 6 Of which United Kingdom 2176 12238 5819 ndash10024 ndash5857 9807 4064 7 Canada 14831 4147 9949 337 398 2886 2291 8 Caribbean financial centers 2 30486 20509 4055 2837 3085 4908 ndash12630 9 Latin America excluding Caribbean financial centers 860 1926 654 ndash1259 ndash461 ndash106 627

10 Asia 1996 ndash4304 2677 5200 ndash1577 ndash5643 281 11 Of which Japan 3067 ndash1330 13 4493 ndash109 ndash5568 ndash1853 12 Africa 801 50 88 ndash245 908 64 170 13 Other 358 ndash126 1337 385 ndash1238 908 ndash818

14 Corporate bonds gross purchases by foreign residents 956647 289671 276332 213212 177432 262482 206683 15 Corporate bonds gross sales by foreign residents 1025487 299559 294294 222948 208686 277314 240012 16 Corporate bonds net purchases by foreign residents ndash68840 ndash9888 ndash17962 ndash9736 ndash31254 ndash14832 ndash33329 17 New issues sold abroad by US corporations 1 na na na na na na na 18 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

19 Europe ndash98270 ndash22540 ndash26327 ndash14083 ndash35320 ndash20673 ndash35281 20 Of which United Kingdom ndash50976 ndash15358 ndash16537 ndash75 ndash19006 ndash15784 ndash26536 21 Canada ndash823 ndash70 ndash83 ndash1217 547 ndash5811 3648 22 Caribbean financial centers 2 16093 8157 1110 5929 897 6395 ndash1538 23 Latin America excluding Caribbean financial centers 3765 1776 278 647 1064 439 803 24 Asia 14709 3337 6163 364 4845 7388 ndash415 25 Of which Japan 9271 2305 2695 501 3770 4389 ndash1470 26 Africa ndash21 45 9 ndash87 12 42 ndash67 27 Other ndash4293 ndash593 888 ndash1289 ndash3299 ndash2612 ndash479

28 Federally sponsored agency bonds gross purchases by foreign residents 970698 216628 208974 278774 266322 262113 331244 29 Federally sponsored agency bonds gross sales by foreign residents 970698 234550 221788 261156 253204 262510 332509 30 Federally sponsored agency bonds net purchases by foreign residents () ndash17922 ndash12814 17618 13118 ndash397 ndash1265 31 New issues sold abroad by federally sponsored agencies 1 na na na na na na na 32 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

33 Europe ndash16036 2976 ndash20684 ndash3010 4682 ndash6679 ndash3902 34 Of which United Kingdom 548 11549 ndash17229 ndash641 6869 ndash619 ndash5140 35 Canada 3281 1173 2080 ndash14 42 ndash1539 ndash165 36 Caribbean financial centers 2 5838 ndash10703 9265 9530 ndash2254 ndash3567 ndash2198 37 Latin America excluding Caribbean financial centers 6586 393 80 2140 3973 1777 1727 38 Asia 627 ndash11488 ndash3255 8818 6552 9564 2899 39 Of which Japan 15927 ndash2057 2981 10383 4620 6109 4208 40 Africa ndash221 ndash43 ndash87 ndash18 ndash73 ndash2 6 41 Other ndash75 ndash230 ndash213 172 196 49 368 C1 US Treasury bonds and notes excluding transactions of foreign official agencies net purchases (+) or net sales (ndash)

by foreign residents (table 1 part of line 65) 199483 55835 595 101379 41674 56501 21172 2 US Treasury bonds and notes gross purchases by foreign residents 16679789 4387827 4351236 4560198 3380528 3762454 3632336 3 US Treasury bonds and notes gross sales by foreign residents

Net purchases by foreign residents by area

16480306 4331992 4350641 4458819 3338854 3705953 3611164

4 Europe 156007 54202 20940 75802 5063 7923 26221 5 Canada ndash4043 8536 ndash20054 2049 5426 18053 7553 6 Caribbean financial centers 2 12854 ndash9205 3988 18426 ndash355 ndash1513 4772 7 Latin America excluding Caribbean financial centers ndash6705 ndash13933 6129 ndash569 1668 835 ndash2749 8 Asia 39226 16211 ndash10977 6337 27655 29297 ndash17241 9 Africa 1871 1483 ndash57 250 195 1287 14

10 Other Memoranda Net purchases of marketable long-term US securities by foreign official agencies included elsewhere in the

international transactions accounts net purchases (+) or net sales (ndash) (lines in table 5)

273 ndash1459 626 ndash916 2022 619 2602

1 US Treasury marketable bonds and notes (line B4) 274493 100820 109668 53811 10194 85762 77233 2 Other US government securities (line B6) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 3 US corporate and other bonds (part of line B16) ndash934 ndash1085 ndash2010 1896 265 296 ndash1723 4 US stocks (part of line B16) 14952 6716 8648 ndash664 252 456 5344

See the footnotes on pages 92ndash93

81 October 2012 SURVEY OF CURRENT BUSINESS

Table 9 Claims on and Liabilities to Unaffiliated Foreigners Reported by US Nonbanking Concerns Except Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets or increase in US liabilities Debits ndash increase in US assets or decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 Claims total (table 1 line 53) ndash11608 ndash92203 6147 9326 65122 ndash49183 396 862495 2 Financial claims ndash9057 ndash97175 5831 17487 64800 ndash52488 ndash2122 813284 3 Denominated in US dollars 25445 ndash93191 22472 44778 51386 ndash32492 ndash273 552075 4 Denominated in foreign currencies

By instrument 2

ndash34502 ndash3984 ndash16641 ndash27291 13414 ndash19996 ndash1849 261209

5 Resale agreements ndash832 378 ndash1975 823 ndash58 ndash453 ndash1566 4419 6 Negotiable certificates of deposit 1932 ndash535 2737 ndash817 547 772 () () 7 Other short-term instruments (including money market instruments) 1282 366 ndash3868 6786 ndash2002 528 ndash9379 11657 8 Deposits ndash36389 ndash80544 ndash13404 2457 55102 ndash50191 ndash7503 663858 9 Other claims 24950 ndash16840 22341 8238 11211 ndash3144 16326 133350

10 Of which Financial intermediariesrsquo accounts 3

By area

18189 ndash23472 21674 8096 11891 ndash4394 17666 107901

11 Europe Of which

ndash53513 ndash87957 5296 ndash7097 36245 ndash45912 15541 666624

12 United Kingdom ndash40517 ndash62686 ndash3745 ndash14500 40414 ndash47004 10918 395894 13 Germany ndash33689 ndash21553 ndash2793 ndash1886 ndash7457 ndash242 2037 57509 14 Caribbean financial centers 4 37655 ndash15180 1295 21661 29879 ndash9448 ndash9063 118148 15 Other 6801 5962 ndash760 2923 ndash1324 2872 ndash8600 28512

16 Commercial claims ndash2551 4972 316 ndash8161 322 3305 2518 49211 17 Denominated in US dollars ndash1774 5478 ndash29 ndash7943 720 3378 702 46635 18 Denominated in foreign currencies

By instrument

ndash777 ndash506 345 ndash218 ndash398 ndash73 1816 2576

19 Trade receivables ndash4541 2732 579 ndash7304 ndash548 4016 3150 37041 20 Advance payments and other claims

By area

1990 2240 ndash263 ndash857 870 ndash711 ndash632 12170

21 Europe ndash3279 2040 242 ndash5285 ndash276 5679 ndash854 15463 22 Canada ndash930 ndash209 968 ndash1748 59 ndash246 38 5832 23 Asia 676 2170 ndash742 ndash474 ndash278 ndash2023 2184 17120 24 Other 982 971 ndash152 ndash654 817 ndash105 1150 10796

B1 Liabilities total (table 1 line 68) 6567 40688 25538 ndash19670 ndash39989 24212 ndash8754 699925 2 Financial liabilities ndash1029 42077 25244 ndash30057 ndash38293 23388 ndash6819 636268 3 Denominated in US dollars ndash19634 36790 15510 ndash49765 ndash22169 9081 ndash16128 454215 4 Denominated in foreign currencies

By instrument 2

18605 5287 9734 19708 ndash16124 14307 9309 182053

5 Repurchase agreements ndash2808 ndash427 1542 ndash1150 ndash2773 577 588 3934 6 Short-term instruments ndash164 ndash121 592 ndash860 225 547 ndash575 1354 7 Other liabilities 1943 42625 23110 ndash28047 ndash35745 22264 ndash6832 630980 8 Of which Financial intermediariesrsquo accounts 3

By area

ndash3020 ndash892 ndash364 ndash958 ndash806 ndash1719 1166 36494

9 Europe Of which

ndash496 38802 25116 ndash31040 ndash33374 19239 543 560101

10 United Kingdom 7935 42202 22426 ndash29433 ndash27260 17504 4527 350093 11 Germany ndash7180 ndash8747 ndash383 297 1653 ndash1996 ndash3988 67121 12 Caribbean financial centers 4 3744 2692 223 2758 ndash1929 5716 ndash8186 60319 13 Other ndash4277 583 ndash95 ndash1775 ndash2990 ndash1567 824 15848

14 Commercial liabilities 7596 ndash1389 294 10387 ndash1696 824 ndash1935 63657 15 Denominated in US dollars 7723 ndash1259 283 10576 ndash1877 455 ndash477 59708 16 Denominated in foreign currencies

By instrument

ndash127 ndash130 11 ndash189 181 369 ndash1458 3949

17 Trade payables 2938 ndash541 ndash318 6484 ndash2687 ndash1137 ndash2126 29196 18 Advance receipts and other liabilities

By area

4658 ndash848 612 3903 991 1961 191 34461

19 Europe 3935 ndash1380 360 6413 ndash1458 ndash1812 ndash1608 16171 20 Canada 337 165 ndash924 1330 ndash234 333 ndash253 6854 21 Asia 4279 73 1015 1646 1545 2124 ndash81 29617 22 Other ndash955 ndash247 ndash157 998 ndash1549 179 7 11015

See the footnotes on pages 92ndash93

82 US International Transactions October 2012

Table 10 Claims on Foreigners Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets Debits ndash increase in US assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Claims reported by US banks and securities brokers total (table 1 line 54) 213627 ndash86699 199487 14428 86411 218379 266660 3790278 2 Claims for own accounts 79139 ndash80502 193661 ndash60657 26637 129026 245655 3138242

3 Denominated in dollars

By instrument 2

82005 ndash85047 147209 ndash56032 75875 97684 287514 2772501

4 Resale agreements ndash72065 1537 ndash57055 ndash467 ndash16080 ndash8133 ndash4532 820679 5 Negotiable certificates of deposit ndash394 ndash796 ndash365 144 623 1173 ndash423 1229 6 Other short-term instruments (including money market instruments) 2128 2100 ndash2842 3166 ndash296 1309 990 8599 7 Deposits and brokerage balances 205019 ndash42537 249725 ndash57541 55372 116881 277188 923381 8 Other claims (including loans) ndash52683 ndash45351 ndash42254 ndash1334 36256 ndash13546 14291 1018613

By foreign borrower Claims on

9 Foreign banks 193237 ndash7372 191849 ndash39046 47806 112149 289830 1905728 10 Foreign nonbanks excluding foreign official institutions ndash132368 ndash72928 ndash57258 ndash20476 18294 ndash8815 ndash1540 824471 11 Foreign official institutions 3 21136 ndash4747 12618 3490 9775 ndash5650 ndash776 42302

By type of US reporting institution 4

US-owned banksrsquo claims on 12 Foreign banks ndash26007 ndash34281 160370 ndash208317 56221 108022 201393 641538 13 Foreign nonbanks and foreign official institutions

Foreign-owned banksrsquo claims on

ndash22376 ndash35403 ndash5971 ndash8427 27425 ndash6468 3158 207067

14 Foreign banks 204556 10975 51564 140958 1059 24173 67658 919137 15 Foreign nonbanks and foreign official institutions

Brokersrsquo and dealersrsquo claims on

ndash36217 ndash7345 ndash1226 ndash17917 ndash9729 3362 ndash2164 164645

16 Foreign banks 14688 15934 ndash20085 28313 ndash9474 ndash20046 20779 345053 17 Foreign nonbanks and foreign official institutions ndash52639 ndash34927 ndash37443 9358 10373 ndash11359 ndash3310 495061

18 Denominated in foreign currencies

By instrument 2

ndash2866 4545 46452 ndash4625 ndash49238 31342 ndash41859 365741

19 Deposits and brokerage balances 850 2137 ndash4381 11739 ndash8645 8331 ndash8252 139757 20 Other claims (including loans) ndash3716 2408 50833 ndash16364 ndash40593 23011 ndash33607 225984

21 Claims for customersrsquo accounts 134488 ndash6197 5826 75085 59774 89353 21005 652036

22 Denominated in dollars

By instrument 2

160127 ndash7359 34448 75693 57345 64217 33155 595086

23 Commercial paper 5 21984 ndash17448 ndash376 21858 17950 ndash27469 ndash322 205548 24 Negotiable certificates of deposit 31874 ndash31790 20270 33335 10059 5573 9087 94185 25 Other short-term instruments (including money market instruments) 6 31085 6757 3250 22357 ndash1279 5193 7326 34720 26 Deposits and brokerage balances (including sweep accounts) 7 41878 38479 ndash3119 ndash15841 22359 85356 11514 249079 27 Other claims 33306 ndash3357 14423 13984 8256 ndash4436 5550 11554

28 Denominated in foreign currencies

By instrument 2

ndash25639 1162 ndash28622 ndash608 2429 25136 ndash12150 56950

29 Deposits and brokerage balances ndash6354 ndash5513 1693 ndash2290 ndash244 352 ndash145 9357 30 Other claims

Claims total (line 1) by area ndash19285 6675 ndash30315 1682 2673 24784 ndash12005 47593

31 Europe Of which

208566 ndash72953 75471 130814 75234 78905 79616 1603053

32 United Kingdom 58711 ndash12618 86178 22639 ndash37488 65676 56791 1149588 33 Switzerland ndash16730 ndash5312 2673 ndash34558 20467 16882 8627 48056 34 Canada ndash33907 ndash2392 ndash11320 ndash4263 ndash15932 10934 ndash2453 232738 35 Caribbean financial centers 8 183568 9104 186027 ndash77493 65930 105913 250415 1063919 36 Latin America excluding Caribbean financial centers ndash35916 ndash12756 ndash9699 ndash8597 ndash4864 ndash2669 ndash7672 183259 37 Asia ndash106570 ndash15542 ndash30669 ndash28901 ndash31458 21014 ndash57419 585157 38 Of which Japan ndash65274 9113 ndash16606 ndash11761 ndash46020 18140 ndash39995 388413 39 Africa 7646 5261 ndash1258 3436 207 ndash862 ndash245 9936 40 Other

Memoranda ndash9760 2579 ndash9065 ndash568 ndash2706 5144 4418 112216

1 International banking facilitiesrsquo (IBFs) own claims denominated in dollars (in lines 1ndash15 above)

By bank ownership 4

24091 ndash48609 41746 14202 16752 50407 170340 371523

2 US-owned IBFs ndash85794 ndash34825 30080 ndash96927 15878 51614 154352 82701 3 Foreign-owned IBFs 109885 ndash13784 11666 111129 874 ndash1207 15988 288822

See the footnotes on pages 92ndash93

83 October 2012 SURVEY OF CURRENT BUSINESS

Table 11 Liabilities to Foreigners Except Foreign Official Agencies Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + increase in US liabilities Debits ndash decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Liabilities reported by US banks and securities brokers total (table 1 part of line 65 and table 1 line 69) 350572 359196 ndash119563 112359 ndash1420 ndash134773 ndash211576 3953351 2 US Treasury bills and certificates (table 1 part of line 65) 41395 ndash781 ndash18208 19539 40845 ndash12667 ndash13807 262048 3 Other US liabilities total (table 1 line 69) 309177 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 3691303 4 Liabilities for own accounts 322677 336432 ndash108170 109703 ndash15288 ndash115632 ndash204720 3296249

5 Denominated in dollars

By instrument 2

252322 321455 ndash116320 75835 ndash28648 ndash103814 ndash211745 3048846

6 Repurchase agreements 82756 49603 38007 ndash63515 58661 ndash26962 ndash30751 575252 7 Deposits and brokerage balances 291767 182610 ndash8772 170062 ndash52133 ndash129288 ndash173973 1758133 8 Other liabilities (including loans) ndash122201 89242 ndash145555 ndash30712 ndash35176 52436 ndash7021 715461

By foreign holder Liabilities to

9 Foreign banks 145927 231244 ndash95034 38698 ndash28981 ndash121913 ndash236484 2101206 10 Foreign nonbanks including international organizations 106395 90211 ndash21286 37137 333 18099 24739 947640

By type of US reporting institution 3

US-owned banksrsquo liabilities to 11 Foreign banks ndash89314 22804 ndash113690 91718 ndash90146 ndash31480 ndash187790 699485 12 Foreign nonbanks including international organizations

Foreign-owned banksrsquo liabilities to

12190 39228 ndash55619 31388 ndash2807 2884 14681 275031

13 Foreign banks 249073 199309 3112 5724 40928 ndash80709 ndash18833 1114138 14 Foreign nonbanks including international organizations

Brokersrsquo and dealersrsquo liabilities to

27538 9964 4519 8075 4980 3443 18519 127991

15 Foreign banks ndash13832 9131 15544 ndash58744 20237 ndash9724 ndash29861 287583 16 Foreign nonbanks including international organizations 66667 41019 29814 ndash2326 ndash1840 11772 ndash8461 544618

17 Denominated in foreign currencies

By instrument 2

70355 14977 8150 33868 13360 ndash11818 7025 247403

18 Deposits and brokerage balances 55144 8721 15984 14646 15793 ndash8203 6658 141900 19 Other liabilities (including loans) 15211 6256 ndash7834 19222 ndash2433 ndash3615 367 105503

20 Liabilities for customersrsquo accounts ndash13500 23545 6815 ndash16883 ndash26977 ndash6474 6951 395054

21 Denominated in dollars

By instrument 2

ndash13252 23064 5318 ndash16237 ndash25397 ndash7769 5901 386528

22 Negotiable certificates of deposit and other short-term instruments ndash7433 22753 4196 ndash15970 ndash18412 ndash5329 ndash6308 165388 23 Other liabilities (including loans) ndash5819 311 1122 ndash267 ndash6985 ndash2440 12209 221140

24 Denominated in foreign currencies

Other US liabilities total (line 3) by area ndash248 481 1497 ndash646 ndash1580 1295 1050 8526

25 Europe 305282 217563 ndash35879 119913 3685 ndash91531 ndash187721 1383322 26 Canada 24333 17929 9687 1073 ndash4356 ndash8587 4456 124427 27 Caribbean financial centers 4 ndash151275 81576 ndash79079 ndash50683 ndash103089 ndash26350 ndash67947 1572294 28 Latin America excluding Caribbean financial centers 24535 8397 ndash7687 15971 7854 3925 6032 162565 29 Asia 94363 31832 2843 9503 50185 ndash6164 52339 375985 30 Africa 2661 1937 491 ndash100 333 3694 ndash2555 16223 31 Other

Memoranda 9278 743 8269 ndash2857 3123 2907 ndash2373 56487

1 International banking facilitiesrsquo (IBFs) own liabilities denominated in dollars (in lines 3ndash14 above)

By bank ownership 3

184561 108875 ndash19007 60508 34185 ndash124264 ndash130931 489487

2 US-owned IBFs 92706 44834 ndash28656 91716 ndash15188 ndash50229 ndash151008 190848 3 Foreign-owned IBFs 91855 64041 9649 ndash31208 49373 ndash74035 20077 298639

See the footnotes on pages 92ndash93

84 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Europe European Union Euro area Belgium

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 882904 222838 228338 733902 183858 189669 508065 125508 130631 40123 10439 11072 2 Exports of goods and services 562808 142184 145462 463195 115181 119188 319865 78336 82327 35023 8871 9052 3 Goods balance of payments basis 2 335393 87682 86577 273167 69730 69669 198248 49682 51380 29919 7556 7618 4 Services 3 227416 54501 58885 190028 45451 49519 121617 28655 30948 5104 1315 1434 5 Transfers under US military agency sales contracts 4 1943 417 391 995 210 178 598 119 96 29 2 3 6 Travel 32633 6263 9593 29088 5513 8552 17175 3185 4834 603 127 177 7 Passenger fares 10675 2298 3024 9443 2035 2698 5800 1150 1506 319 64 105 8 Other transportation 16572 4320 4269 14201 3730 3680 7701 2081 2055 438 111 107 9 Royalties and license fees 5 60025 14470 15043 48907 11971 12444 38708 9232 9585 977 262 272

10 Other private services 5 105274 26650 26466 87163 21923 21884 51474 12839 12812 2732 748 769 11 US government miscellaneous services 293 84 98 232 70 83 162 48 59 5 1 1 12 Income receipts 320096 80654 82876 270707 68677 70480 188200 47171 48304 5101 1567 2020 13 Income receipts on US-owned assets abroad 319565 80518 82737 270308 68575 70376 188006 47122 48255 5088 1564 2017 14 Direct investment receipts 212760 53530 55016 176970 44950 46211 140321 34908 36033 2983 747 1002 15 Other private receipts 106211 26706 27566 92795 23366 24023 47165 11689 12080 2105 817 1015 16 US government receipts 593 281 155 543 259 142 520 525 142 0 0 0 17 Compensation of employees 531 136 139 399 102 105 193 49 50 13 3 3 18 Imports of goods and services and income payments ndash886301 ndash218185 ndash229292 ndash738439 ndash181908 ndash190151 ndash517326 ndash126121 ndash133955 ndash44102 ndash10328 ndash11211 19 Imports of goods and services ndash631581 ndash153112 ndash165058 ndash522958 ndash126987 ndash137579 ndash381691 ndash92267 ndash99608 ndash23193 ndash5278 ndash6032 20 Goods balance of payments basis 2 ndash453605 ndash112101 ndash115955 ndash373313 ndash93508 ndash96841 ndash289108 ndash71916 ndash74651 ndash17735 ndash4052 ndash4720 21 Services 3 ndash177976 ndash41011 ndash49103 ndash149645 ndash33479 ndash40738 ndash92583 ndash20351 ndash24957 ndash5458 ndash1226 ndash1311 22 Direct defense expenditures ndash12496 ndash2856 ndash2897 ndash11462 ndash2582 ndash2626 ndash10297 ndash2290 ndash2333 ndash473 ndash79 ndash80 23 Travel ndash23012 ndash3892 ndash8495 ndash20494 ndash3469 ndash7587 ndash14552 ndash2465 ndash5337 ndash205 ndash40 ndash70 24 Passenger fares ndash13203 ndash2740 ndash4470 ndash12161 ndash2503 ndash4065 ndash7402 ndash1475 ndash2615 ndash99 ndash25 ndash22 25 Other transportation ndash22795 ndash5518 ndash5824 ndash18454 ndash4413 ndash4650 ndash11148 ndash2633 ndash2706 ndash636 ndash148 ndash147 26 Royalties and license fees 5 ndash23925 ndash6038 ndash6091 ndash18557 ndash4630 ndash4673 ndash13368 ndash3272 ndash3313 ndash776 ndash179 ndash184 27 Other private services 5 ndash80399 ndash19482 ndash20828 ndash67141 ndash15543 ndash16796 ndash34642 ndash7929 ndash8362 ndash3213 ndash741 ndash794 28 US government miscellaneous services ndash2146 ndash485 ndash498 ndash1376 ndash339 ndash342 ndash1174 ndash287 ndash291 ndash56 ndash14 ndash14 29 Income payments ndash254720 ndash65074 ndash64234 ndash215481 ndash54922 ndash52572 ndash135635 ndash33853 ndash34347 ndash20909 ndash5051 ndash5179 30 Income payments on foreign-owned assets in the United States ndash253809 ndash64831 ndash64016 ndash214897 ndash54768 ndash52433 ndash135425 ndash33791 ndash34299 ndash20896 ndash5047 ndash5176 31 Direct investment payments ndash112027 ndash28796 ndash27685 ndash95340 ndash24515 ndash22053 ndash62200 ndash15224 ndash15505 ndash3964 ndash951 ndash1129 32 Other private payments ndash116743 ndash29663 ndash29995 ndash103334 ndash26088 ndash26296 ndash62575 ndash15914 ndash16220 ndash14898 ndash3582 ndash3556 33 US government payments ndash25039 ndash6372 ndash6336 ndash16223 ndash4165 ndash4084 ndash10650 ndash2653 ndash2574 ndash2034 ndash514 ndash491 34 Compensation of employees ndash912 ndash243 ndash218 ndash584 ndash153 ndash139 ndash210 ndash62 ndash48 ndash13 ndash3 ndash3 35 Unilateral current transfers net ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 36 US government grants 4 ndash2165 ndash638 ndash652 ndash218 ndash70 ndash33 ndash90 ndash11 ndash8 ndash2 () 0 37 US government pensions and other transfers ndash2074 ndash525 ndash539 ndash1930 ndash489 ndash502 ndash1440 ndash353 ndash362 ndash26 ndash7 ndash7 38 Private remittances and other transfers 6

Capital account ndash5812 ndash1804 ndash1529 ndash383 77 121 414 188 250 ndash94 ndash24 8

39 Capital account transactions net Financial account

ndash4 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash241698 52106 42437 ndash253858 37642 30580 ndash150180 14949 ndash21545 ndash36537 ndash17874 ndash16064

41 US official reserve assets ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 46 US government assets other than official reserve assets ndash86510 52774 4942 ndash86035 52354 4946 ndash85635 52427 4946 ndash2 2 () 47 US credits and other long-term assets ndash866 ndash127 ndash155 ndash715 ndash118 ndash107 ndash314 ndash42 ndash107 0 0 0 48 Repayments on US credits and other long-term assets 8 195 64 50 68 32 6 63 31 6 0 0 0 49 US foreign currency holdings and US short-term assets ndash85839 52838 5047 ndash85388 52440 5047 ndash85384 52438 5047 ndash2 2 () 50 US private assets ndash154705 ndash538 37580 ndash167383 ndash14591 25717 ndash64106 ndash37359 ndash26407 ndash36535 ndash17876 ndash16064 51 Direct investment ndash224295 ndash69579 ndash35261 ndash202758 ndash57151 ndash31661 ndash157387 ndash34853 ndash28505 ndash4667 ndash1840 1313 52 Foreign securities ndash82183 30368 ndash21462 ndash120594 17562 ndash25008 ndash34753 ndash4765 ndash1104 ndash42459 ndash17795 ndash16507 53 US claims on unaffiliated foreigners reported by US nonbanking concerns ndash56793 ndash40232 14687 ndash55772 ndash41123 14668 ndash25209 387 1758 140 ndash14 92 54 US claims reported by US banks and securities brokers 14 208566 78905 79616 211741 66121 67718 153243 1872 1444 10451 1773 ndash962 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 514084 ndash66118 ndash155957 419161 ndash67792 ndash189935 214137 ndash54016 3657 16896 ndash2772 ndash9818 56 Foreign official assets in the United States 38811 10712 33045 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash556 ndash107 ndash300 85 95 72 ndash127 33 ndash46 ndash28 1 2 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 475273 ndash76830 ndash189002 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 132568 10462 21024 106925 15005 14064 58524 5630 7253 10297 3087 1081 65 US Treasury securities 185225 ndash1701 16444 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities ndash151240 ndash11486 ndash37684 ndash143872 ndash12253 ndash37960 ndash88640 ndash4968 ndash9642 ndash23025 ndash4708 ndash7084 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns 3438 17426 ndash1065 3606 16820 ndash1001 ndash6433 1379 ndash4954 ndash73 4 ndash7 69 US liabilities reported by US banks and securities brokers 15 305282 ndash91531 ndash187721 18 452417 18 ndash87459 18 ndash165110 18 250813 18 ndash56090 18 11046 18 29725 18 ndash1156 18 ndash3810 70 Financial derivatives net 21234 ndash8391 ndash2314 22900 ndash10639 ndash1370 ndash4656 ndash4112 1082 ndash81 ndash62 81 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash280169 20717 20 119508 ndash181136 39322 20 161622 ndash48923 43968 20 20250 23823 20630 20 25939

72 Balance on goods (lines 3 and 20) ndash118212 ndash24419 ndash29378 ndash100146 ndash23778 ndash27171 ndash90860 ndash22234 ndash23271 12184 3505 2898 73 Balance on services (lines 4 and 21) 49440 13491 9782 40383 11973 8780 29034 8303 5991 ndash355 89 123 74 Balance on goods and services (lines 2 and 19) ndash68773 ndash10928 ndash19596 ndash59763 ndash11806 ndash18391 ndash61826 ndash13931 ndash17281 11830 3593 3020 75 Balance on income (lines 12 and 29) 65376 15580 18643 55226 13755 17909 52565 13318 13957 ndash15808 ndash3483 ndash3159 76 Unilateral current transfers net (line 35) ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash13448 1685 ndash3674 ndash7068 1467 ndash896 ndash10377 ndash789 ndash3444 ndash4101 78 ndash138

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 85

Transactions by AreamdashContinues of dollars]

France Germany Italy Netherlands United Kingdom Europe excluding European Union

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

61663 15202 16336 90192 21702 22244 28617 6977 7084 121076 29483 31146 181769 47281 47386 149002 38980 38670 1 46368 11727 12776 75348 18559 19553 25625 6398 6546 57427 13224 14059 110006 28351 28366 99613 27003 26274 2 28490 7660 8321 49626 12645 12798 16246 4335 4331 42632 9959 10548 57036 15502 13936 62226 17953 16908 3 17878 4067 4454 25722 5914 6755 9379 2064 2215 14795 3265 3511 52970 12849 14431 37388 9050 9366 4

41 22 7 130 20 32 92 19 13 117 17 18 202 38 35 948 206 213 5 3819 656 987 4905 893 1554 2606 493 619 1448 273 418 8968 1701 2793 3545 750 1041 6 1161 261 310 1433 320 446 1074 194 239 633 137 171 3006 662 931 1232 263 326 7 1460 363 380 2934 729 757 613 158 151 952 225 227 3893 960 984 2371 590 589 8 3479 788 823 6895 1673 1741 1805 414 432 4943 942 978 7436 2123 2217 11119 2499 2599 9 7873 1969 1926 9353 2260 2208 3177 782 757 6692 1667 1696 29417 7349 7452 18111 4727 4583 10

45 8 21 71 19 17 13 3 3 10 4 2 48 16 19 61 15 15 11 15296 3476 3560 14844 3143 2691 2992 578 539 63649 16259 17087 71763 18930 19020 49389 11977 12396 12 15257 3466 3550 14766 3122 2669 2972 573 534 63632 16255 17083 71654 18902 18991 49256 11943 12361 13

4225 926 967 5292 1074 717 1221 273 255 55195 14206 15057 31798 8693 8601 35791 8581 8805 14 11032 2540 2583 8988 1930 1869 1751 300 279 8437 2049 2026 39837 10203 10385 13416 3340 3543 15

0 0 0 486 118 83 0 0 0 0 0 0 19 6 5 50 22 13 16 38 10 10 79 21 22 19 5 5 16 4 4 109 28 29 133 34 35 17

ndash74033 ndash19001 ndash20102 ndash155703 ndash38660 ndash39651 ndash45323 ndash10671 ndash12965 ndash57146 ndash13220 ndash14298 ndash166635 ndash42860 ndash41605 ndash147863 ndash36277 ndash39141 18 ndash56894 ndash13914 ndash14912 ndash130251 ndash33034 ndash34657 ndash42871 ndash9906 ndash12352 ndash32792 ndash8014 ndash8316 ndash97547 ndash24160 ndash25889 ndash108623 ndash26125 ndash27479 19 ndash40676 ndash10437 ndash10392 ndash99425 ndash25847 ndash26352 ndash34327 ndash8372 ndash9814 ndash24044 ndash6021 ndash6046 ndash51878 ndash13629 ndash13684 ndash80292 ndash18593 ndash19114 20 ndash16219 ndash3477 ndash4519 ndash30826 ndash7187 ndash8305 ndash8543 ndash1534 ndash2539 ndash8748 ndash1993 ndash2270 ndash45669 ndash10531 ndash12205 ndash28331 ndash7532 ndash8365 21

ndash117 ndash12 ndash15 ndash7432 ndash1694 ndash1700 ndash1424 ndash316 ndash350 ndash149 ndash24 ndash28 ndash1107 ndash280 ndash268 ndash1034 ndash274 ndash271 22 ndash2547 ndash379 ndash1107 ndash2745 ndash637 ndash1016 ndash3382 ndash384 ndash1238 ndash1143 ndash226 ndash403 ndash4559 ndash834 ndash1726 ndash2518 ndash423 ndash908 23 ndash1679 ndash343 ndash586 ndash2919 ndash561 ndash1155 ndash528 ndash116 ndash157 ndash723 ndash164 ndash221 ndash4132 ndash928 ndash1250 ndash1042 ndash237 ndash405 24 ndash2093 ndash475 ndash485 ndash3909 ndash956 ndash984 ndash854 ndash198 ndash222 ndash1181 ndash279 ndash282 ndash3331 ndash760 ndash832 ndash4341 ndash1105 ndash1174 25 ndash4214 ndash1065 ndash1064 ndash3721 ndash837 ndash844 ndash94 ndash27 ndash27 ndash749 ndash208 ndash209 ndash3318 ndash915 ndash917 ndash5369 ndash1409 ndash1418 26 ndash5242 ndash1124 ndash1182 ndash9634 ndash2384 ndash2489 ndash2147 ndash464 ndash515 ndash4736 ndash1076 ndash1112 ndash29107 ndash6790 ndash7187 ndash13257 ndash3939 ndash4033 27

ndash327 ndash79 ndash81 ndash466 ndash117 ndash117 ndash115 ndash28 ndash29 ndash68 ndash16 ndash15 ndash115 ndash24 ndash25 ndash770 ndash146 ndash156 28 ndash17139 ndash5087 ndash5190 ndash25452 ndash5626 ndash4994 ndash2452 ndash765 ndash612 ndash24354 ndash5206 ndash5982 ndash69089 ndash18700 ndash15716 ndash39239 ndash10152 ndash11662 29 ndash17096 ndash5074 ndash5181 ndash25406 ndash5612 ndash4984 ndash2426 ndash758 ndash606 ndash24343 ndash5203 ndash5980 ndash68851 ndash18643 ndash15657 ndash38911 ndash10063 ndash11583 30 ndash10891 ndash3379 ndash3368 ndash18006 ndash3685 ndash3072 ndash1485 ndash522 ndash370 ndash17742 ndash3493 ndash4212 ndash27507 ndash8199 ndash5307 ndash16686 ndash4281 ndash5632 31 ndash5309 ndash1297 ndash1323 ndash5984 ndash1585 ndash1560 ndash493 ndash129 ndash129 ndash5796 ndash1525 ndash1591 ndash37618 ndash9378 ndash9256 ndash13409 ndash3575 ndash3699 32

ndash896 ndash398 ndash490 ndash1416 ndash342 ndash352 ndash448 ndash107 ndash107 ndash805 ndash185 ndash177 ndash3726 ndash1066 ndash1094 ndash8816 ndash2207 ndash2252 33 ndash43 ndash13 ndash9 ndash46 ndash14 ndash10 ndash26 ndash8 ndash6 ndash10 ndash3 ndash2 ndash237 ndash57 ndash59 ndash328 ndash89 ndash79 34

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 35 ndash1 () 0 0 0 0 ndash1 () 0 0 0 0 () () 0 ndash1947 ndash568 ndash619 36

ndash122 ndash30 ndash31 ndash486 ndash123 ndash126 ndash253 ndash64 ndash66 ndash37 ndash9 ndash9 ndash314 ndash78 ndash80 ndash144 ndash36 ndash37 37 ndash23 ndash41 78 2390 738 698 ndash319 ndash50 ndash80 ndash95 2 ndash14 ndash368 ndash5 ndash59 ndash5429 ndash1881 ndash1650 38

0 0 na 0 0 na 0 0 na 0 0 na 0 0 na ndash4 0 na 39

89075 1335 12642 28088 7322 18845 39988 2727 3477 ndash58127 ndash156 ndash9152 ndash104634 25425 35368 12160 14464 11857 40 ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 0 0 0 0 0 0 0 0 0 ndash44 ndash10 ndash2 41

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 44

ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 ndash44 ndash10 ndash2 45 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash312 ndash70 ndash2 ndash475 421 ndash4 46 0 0 0 0 0 0 0 0 0 0 0 0 ndash310 ndash71 0 ndash151 ndash9 ndash48 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 32 44 48 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash2 1 ndash2 ndash451 398 0 49

89331 1397 12702 28241 7370 18866 39988 2727 3476 ndash58127 ndash156 ndash9152 ndash104322 25495 35370 12679 14053 11863 50 ndash77 ndash1859 ndash873 ndash8347 378 1241 ndash450 ndash769 ndash99 ndash55685 ndash9841 ndash15241 ndash36799 ndash20756 ndash3127 ndash21536 ndash12428 ndash3600 51

ndash679 5731 11232 42656 15165 21425 16734 3639 2290 6130 5329 5955 ndash83257 24339 ndash28376 38411 12806 3546 52 1013 ndash164 ndash732 ndash34478 634 1147 590 ndash254 ndash3 1542 780 ndash212 ndash42977 ndash43764 10082 ndash1021 891 19 53

89074 ndash2311 3075 28410 ndash8807 ndash4947 23114 111 1288 ndash10114 3576 346 58711 65676 56791 ndash3175 12784 11898 54

104407 ndash20790 30433 26049 897 ndash11628 14088 ndash378 ndash140 ndash2236 2128 ndash2409 200053 ndash17666 ndash185134 94923 1675 33978 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 39 6 52 ndash55 21 ndash13 ndash27 11 6 ndash57 1 ndash42 166 ndash2 111 ndash641 ndash202 ndash372 60

( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

4281 2557 5606 13912 ndash1683 948 3266 913 ndash187 795 ndash5475 ndash1814 46799 7120 6326 25643 ndash4542 6960 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash27220 5065 ndash4296 ndash2229 ndash3035 ndash4577 1337 ndash854 ndash936 ndash5642 2507 ndash2730 ndash48252 ndash6596 ndash27612 ndash7368 767 276 66 na na na na na na na na na na na na na na na na na na 67 ndash61 ndash150 ndash249 ndash6635 ndash1808 ndash4149 329 ndash309 135 43 4155 ndash313 10217 15559 4082

18 ndash ndash168 606 ndash64 68

18 127368 18 ndash28268 18 29320 18 21056 18 7402 18 ndash3837 18 9183 18 ndash139 18 842 18 2625 18 940 18 2490 18 191123 18 ndash33747 168041 18 77457 18 5046 18 27178 69 ndash11890 2019 ndash350 2764 1751 202 ndash1988 300 ndash102 1824 ndash182 ndash404 28499 ndash5753 ndash2261 ndash1666 2248 ndash944 70

ndash169076 21305 20 ndash39006 6706 6373 20 9416 ndash34809 1160 20 2792 ndash5259 ndash18046 20 ndash4859 ndash138370 ndash6343 20 146385 ndash99033 ndash18605 20 ndash42114 71

ndash12186 ndash2777 ndash2071 ndash49799 ndash13202 ndash13555 ndash18081 ndash4038 ndash5483 18588 3938 4502 5158 1873 252 ndash18066 ndash640 ndash2207 72 1659 591 ndash65 ndash5104 ndash1273 ndash1549 836 530 ndash324 6047 1272 1241 7301 2318 2225 9056 1518 1002 73

ndash10526 ndash2187 ndash2136 ndash54903 ndash14475 ndash15104 ndash17245 ndash3508 ndash5807 24635 5210 5743 12459 4191 2478 ndash9010 878 ndash1205 74 ndash1844 ndash1611 ndash1630 ndash10607 ndash2483 ndash2303 539 ndash187 ndash74 39295 11054 11105 2675 229 3304 10150 1825 734 75

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 76 ndash12515 ndash3869 ndash3719 ndash63607 ndash16344 ndash16834 ndash17279 ndash3809 ndash6027 63797 16256 16825 14452 4337 5642 ndash6380 218 ndash2777 77

86 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Canada Latin America and Other Western Hemisphere South and Central America Argentina

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 402931 101673 106359 633079 159255 165534 477157 124087 127717 18161 4244 4965 2 Exports of goods and services 338553 86742 91416 484383 124423 128735 426245 110587 114618 15694 3565 4442 3 Goods balance of payments basis 2 282277 71983 76472 368416 96426 100092 345332 90787 94129 9927 2111 3044 4 Services 3 56277 14759 14944 115968 27997 28643 80914 19800 20489 5767 1454 1398 5 Transfers under US military agency sales contracts 4 157 23 33 567 151 146 446 119 114 2 1 1 6 Travel 19366 5696 5990 27076 6044 6854 24510 5518 6358 1891 482 450 7 Passenger fares 4598 1187 1060 10838 2708 2823 9887 2508 2582 896 251 222 8 Other transportation 3161 761 869 6007 1387 1417 4854 1087 1118 176 30 37 9 Royalties and license fees 5 9589 2159 2264 14319 3461 3611 9838 2394 2507 837 162 169

10 Other private services 5 19362 4910 4715 56968 14199 13744 31222 8135 7771 1953 525 516 11 US government miscellaneous services 44 23 13 192 47 48 157 38 39 11 3 3 12 Income receipts 64378 14930 14943 148695 34832 36799 50912 13500 13098 2467 679 523 13 Income receipts on US-owned assets abroad 64177 14878 14892 148526 34789 36755 50798 13471 13069 2461 677 521 14 Direct investment receipts 40729 8691 8488 99603 21968 23462 35878 9229 8231 1870 525 368 15 Other private receipts 23446 6187 6404 48676 12697 13202 14715 4126 4752 586 150 152 16 US government receipts 2 () 1 247 123 90 206 116 86 5 2 () 17 Compensation of employees 201 52 51 169 44 44 113 29 30 6 2 2 18 Imports of goods and services and income payments ndash373703 ndash97270 ndash97128 ndash599466 ndash155846 ndash157019 ndash484627 ndash127567 ndash129141 ndash6561 ndash1690 ndash1554 19 Imports of goods and services ndash349007 ndash89991 ndash91472 ndash529285 ndash137234 ndash137872 ndash461535 ndash121388 ndash122539 ndash6284 ndash1621 ndash1478 20 Goods balance of payments basis 2 ndash320538 ndash83734 ndash84094 ndash442901 ndash115705 ndash116132 ndash423127 ndash110971 ndash111886 ndash4582 ndash1109 ndash1050 21 Services 3 ndash28469 ndash6257 ndash7378 ndash86384 ndash21529 ndash21740 ndash38407 ndash10417 ndash10652 ndash1702 ndash512 ndash429 22 Direct defense expenditures ndash211 ndash49 ndash50 ndash286 ndash62 ndash75 ndash259 ndash56 ndash68 ndash5 ndash1 ndash1 23 Travel ndash7064 ndash980 ndash1859 ndash24261 ndash6900 ndash6982 ndash18275 ndash5243 ndash5402 ndash575 ndash222 ndash136 24 Passenger fares ndash593 ndash150 ndash160 ndash3500 ndash1041 ndash966 ndash2851 ndash869 ndash812 ndash72 ndash26 ndash14 25 Other transportation ndash4790 ndash1153 ndash1257 ndash5531 ndash1379 ndash1300 (D) (D) ndash825 ndash138 ndash39 ndash40 26 Royalties and license fees 5 ndash981 ndash237 ndash239 ndash2745 ndash756 ndash779 (D) (D) ndash588 ndash177 ndash53 ndash55 27 Other private services 5 ndash14600 ndash3629 ndash3755 ndash49411 ndash11235 ndash11474 ndash10874 ndash2652 ndash2817 ndash721 ndash168 ndash179 28 US government miscellaneous services ndash231 ndash58 ndash58 ndash650 ndash156 ndash165 ndash557 ndash133 ndash141 ndash14 ndash3 ndash4 29 Income payments ndash24696 ndash7279 ndash5656 ndash70181 ndash18611 ndash19147 ndash23093 ndash6179 ndash6602 ndash277 ndash69 ndash76 30 Income payments on foreign-owned assets in the United States ndash24089 ndash7122 ndash5506 ndash60296 ndash16523 ndash16724 ndash13794 ndash4213 ndash4324 ndash238 ndash59 ndash66 31 Direct investment payments ndash11082 ndash3608 ndash1789 ndash4518 ndash1778 ndash1894 ndash2317 ndash1095 ndash1152 29 6 2 32 Other private payments ndash11807 ndash3187 ndash3340 ndash42380 ndash11224 ndash11314 ndash3333 ndash899 ndash906 ndash222 ndash54 ndash57 33 US government payments ndash1200 ndash327 ndash377 ndash13398 ndash3521 ndash3516 ndash8144 ndash2219 ndash2266 ndash45 ndash11 ndash11 34 Compensation of employees ndash607 ndash157 ndash150 ndash9885 ndash2088 ndash2423 ndash9299 ndash1966 ndash2278 ndash40 ndash9 ndash10 35 Unilateral current transfers net ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 36 US government grants 4 0 0 0 ndash2869 ndash623 ndash590 ndash2021 ndash453 ndash438 ndash9 () () 37 US government pensions and other transfers ndash724 ndash185 ndash190 ndash912 ndash223 ndash228 ndash759 ndash186 ndash190 ndash36 ndash9 ndash9 38 Private remittances and other transfers 6

Capital account ndash1436 ndash335 ndash294 ndash13823 ndash3193 ndash3730 ndash23209 ndash5826 ndash5730 ndash93 ndash71 ndash26

39 Capital account transactions net Financial account

0 0 na ndash3 ndash1 na ndash3 ndash1 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash111713 ndash4515 ndash15500 64877 58918 213803 ndash84031 ndash22815 ndash14665 ndash7017 ndash791 ndash527

41 US official reserve assets 0 0 0 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets 2 2 1 ndash889 ndash1132 106 ndash704 ndash1066 120 17 6 2 47 US credits and other long-term assets 0 0 0 ndash1684 ndash1178 ndash136 ndash1440 ndash1098 ndash101 ndash1 ndash2 0 48 Repayments on US credits and other long-term assets 8 4 1 1 780 51 236 715 41 211 16 8 1 49 US foreign currency holdings and US short-term assets ndash2 1 () 15 ndash5 6 21 ndash9 10 2 () 1 50 US private assets ndash111716 ndash4517 ndash15501 65767 60050 213697 ndash83327 ndash21748 ndash14785 ndash7034 ndash797 ndash528 51 Direct investment ndash40410 ndash8465 ndash6878 ndash84540 ndash19396 ndash22232 ndash29720 ndash8567 ndash7065 ndash2801 ndash603 ndash1038 52 Foreign securities ndash39029 ndash7264 ndash6644 ndash36906 ndash13879 1445 ndash19927 ndash9326 ndash850 ndash3262 416 573 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1630 278 474 39561 ndash9919 ndash8259 1841 ndash1264 1219 180 68 42 54 US claims reported by US banks and securities brokers 14 ndash33907 10934 ndash2453 147652 103244 242743 ndash35521 ndash2591 ndash8089 ndash1151 ndash678 ndash105 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 58606 5800 20632 30655 1570 ndash57873 86453 18702 31986 ndash1553 203 275 56 Foreign official assets in the United States 3872 ndash535 ndash695 49694 7983 24414 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash20 6 ndash7 194 133 ndash6 190 134 ndash8 6 ndash2 6 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 54734 6335 21327 ndash19039 ndash6413 ndash82287 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 18661 2236 2330 18373 1209 1865 7148 306 849 ndash171 ndash18 19 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 17289 ndash4464 5774 63628 9846 ndash13209 10861 2100 3157 ndash178 ndash157 254 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ndash36 ndash17 8 69 US liabilities reported by US banks and securities brokers 15 24333 ndash8587 4456 ndash126740 ndash22425 ndash61915 18 68254 18 16162 18 27988 18 ndash1174 18 397 18 ndash12 70 Financial derivatives net 3206 ndash130 3705 11754 6556 ndash262 4779 247 593 ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 22833 ndash5038 20 ndash17584 ndash123292 ndash66413 20 ndash159635 26262 13812 20 ndash10133 ndash2891 ndash1886 20 ndash3124

72 Balance on goods (lines 3 and 20) ndash38261 ndash11751 ndash7622 ndash74486 ndash19279 ndash16040 ndash77796 ndash20184 ndash17757 5345 1002 1995 73 Balance on services (lines 4 and 21) 27807 8502 7566 29584 6468 6903 42507 9383 9837 4065 942 969 74 Balance on goods and services (lines 2 and 19) ndash10454 ndash3249 ndash56 ndash44902 ndash12811 ndash9137 ndash35289 ndash10801 ndash7920 9410 1944 2964 75 Balance on income (lines 12 and 29) 39682 7652 9286 78514 16221 17652 27819 7321 6496 2190 610 447 76 Unilateral current transfers net (line 35) ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 27068 3883 8747 16009 ndash630 3967 ndash33459 ndash9945 ndash7782 11461 2474 3375

See the footnotes on pages 92ndash93

87 October 2012 SURVEY OF CURRENT BUSINESS

Transactions by AreamdashContinues of dollars]

Brazil Mexico Venezuela Other South and Central America Other Western Hemisphere

Line

2011 2012

2011 2012

2011 2012

2011 2012

2011 2012

I r II p I r II p I r II p I r II p I r II p

83472 20310 20670 239968 63848 64396 20390 5803 6446 115165 29880 31239 155922 35169 37817 1 64542 15449 16051 224007 59628 59955 17985 5055 5677 104018 26889 28493 58138 13836 14117 2 42821 10156 10674 198711 53214 53492 12338 3719 4286 81535 21586 22633 23084 5639 5963 3 21721 5293 5377 25296 6414 6463 5647 1336 1391 22483 5302 5860 35054 8197 8154 4

9 6 3 60 17 14 () () () 375 96 95 121 32 32 5 5878 1434 1466 6424 1478 1667 1993 354 426 8324 1770 2349 2566 526 496 6 2575 617 635 2825 836 799 946 168 182 2645 636 744 951 200 241 7 1132 257 270 1242 230 226 250 62 65 2054 508 520 1153 300 299 8 3743 844 885 2769 747 781 548 182 189 1940 459 482 4482 1067 1104 9 8374 2133 2115 11947 3099 2968 1908 569 528 7040 1808 1643 25746 6064 5973 10

9 2 2 29 7 8 2 () () 106 26 27 35 9 9 11 18931 4861 4620 15962 4220 4441 2405 748 770 11147 2992 2745 97784 21332 23701 12 18914 4857 4615 15929 4212 4433 2399 747 768 11095 2978 2732 97728 21318 23686 13 11594 2809 2187 11854 3060 3051 2053 651 676 8507 2183 1949 63725 12740 15231 14

7257 2045 2406 3973 1148 1330 346 96 92 2553 687 772 33961 8571 8450 15 63 3 22 102 4 52 0 0 0 35 108 11 42 7 5 16 17 4 4 32 8 8 6 2 2 52 13 13 56 14 15 17

ndash43642 ndash12067 ndash11774 ndash294643 ndash78202 ndash79993 ndash45115 ndash10761 ndash9369 ndash94665 ndash24845 ndash26450 ndash114839 ndash28279 ndash27879 18 ndash38519 ndash10676 ndash10244 ndash281307 ndash74583 ndash76170 ndash44215 ndash10603 ndash9218 ndash91209 ndash23905 ndash25429 ndash67751 ndash15846 ndash15333 19 ndash31549 ndash8821 ndash8261 ndash267345 ndash70579 ndash72443 ndash43391 ndash10389 ndash9011 ndash76260 ndash20073 ndash21123 ndash19774 ndash4734 ndash4246 20 ndash6970 ndash1855 ndash1984 ndash13962 ndash4004 ndash3727 ndash824 ndash215 ndash207 ndash14949 ndash3832 ndash4306 ndash47977 ndash11112 ndash11088 21

ndash15 ndash1 ndash4 ndash11 ndash3 ndash2 ndash2 0 0 ndash226 ndash51 ndash61 ndash27 ndash6 ndash7 22 ndash1065 ndash305 ndash372 ndash8616 ndash2657 ndash2375 ndash277 ndash71 ndash65 ndash7742 ndash1988 ndash2454 ndash5986 ndash1657 ndash1580 23

ndash327 ndash97 ndash98 ndash702 ndash240 ndash238 ndash64 ndash20 ndash17 ndash1686 ndash486 ndash445 ndash649 ndash172 ndash154 24 ndash541 (D) ndash141 ndash871 ndash184 ndash150 ndash221 (D) ndash58 (D) ndash464 ndash436 (D) (D) ndash475 25

ndash1065 (D) ndash325 ndash476 ndash124 ndash123 ndash104 (D) ndash33 (D) ndash51 ndash52 (D) (D) ndash191 26 ndash3931 ndash987 ndash1037 ndash3080 ndash746 ndash787 ndash148 ndash30 ndash32 ndash2993 ndash719 ndash782 ndash38537 ndash8583 ndash8656 27

ndash26 ndash6 ndash7 ndash206 ndash50 ndash52 ndash8 ndash2 ndash2 ndash304 ndash72 ndash76 ndash92 ndash23 ndash24 28 ndash5123 ndash1392 ndash1530 ndash13336 ndash3620 ndash3823 ndash900 ndash158 ndash152 ndash3456 ndash941 ndash1021 ndash47088 ndash12433 ndash12545 29 ndash5061 ndash1375 ndash1515 ndash4752 ndash1814 ndash1720 ndash878 ndash151 ndash147 ndash2865 ndash813 ndash876 ndash46503 ndash12310 ndash12400 30

5 (D) ndash195 ndash1785 ndash1002 ndash885 (D) (D) ndash40 (D) () ndash34 ndash2202 ndash683 ndash742 31 ndash205 ndash55 ndash57 ndash1231 ndash329 ndash319 ndash198 ndash59 ndash61 ndash1477 ndash402 ndash412 ndash39047 ndash10325 ndash10408 32

ndash4861 (D) ndash1263 ndash1736 ndash483 ndash516 (D) (D) ndash46 (D) ndash411 ndash430 ndash5254 ndash1302 ndash1250 33 ndash62 ndash16 ndash15 ndash8584 ndash1806 ndash2104 ndash22 ndash7 ndash5 ndash591 ndash128 ndash146 ndash586 ndash122 ndash145 34

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 35 ndash41 ndash9 ndash6 ndash495 ndash89 ndash92 ndash22 ndash1 ndash2 ndash1454 ndash354 ndash337 ndash848 ndash170 ndash152 36 ndash27 ndash7 ndash7 ndash382 ndash92 ndash94 ndash4 ndash1 ndash1 ndash310 ndash77 ndash79 ndash153 ndash37 ndash38 37

ndash364 ndash105 ndash80 ndash13756 ndash3426 ndash3424 ndash32 22 ndash3 ndash8964 ndash2246 ndash2196 9387 2633 2000 38

0 0 na 0 0 na 0 0 na ndash3 ndash1 na 0 0 na 39

ndash39462 ndash6335 ndash1387 ndash23906 ndash9076 ndash7132 ndash3155 ndash688 324 ndash10491 ndash5926 ndash5944 148908 81733 228468 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

45 90 6 72 ndash685 ndash20 84 0 0 0 ndash126 ndash1058 ndash37 ndash186 ndash65 ndash14 46

ndash90 ndash4 0 ndash820 ndash20 ndash4 0 0 0 ndash528 ndash1073 ndash97 ndash244 ndash80 ndash35 47 180 21 68 142 3 77 0 0 0 376 10 66 64 10 25 48

0 ndash11 4 ndash7 ndash3 11 0 0 0 26 5 ndash6 ndash6 4 ndash4 49 ndash39552 ndash6340 ndash1459 ndash23221 ndash9055 ndash7215 ndash3155 ndash688 324 ndash10365 ndash4868 ndash5907 149094 81798 228482 50 ndash9805 ndash2816 ndash1213 ndash8310 ndash2749 ndash2507 ndash2324 ndash182 ndash688 ndash6480 ndash2217 ndash1619 ndash54820 ndash10829 ndash15167 51 ndash2892 ndash4428 ndash415 ndash14634 ndash5488 ndash1566 ndash726 ndash43 792 1587 217 ndash234 ndash16979 ndash4553 2295 52

210 4 89 1183 ndash532 487 5 ndash261 253 263 ndash543 348 37720 ndash8655 ndash9478 53 ndash27065 900 80 ndash1460 ndash286 ndash3629 ndash110 ndash202 ndash33 ndash5735 ndash2325 ndash4402 183173 105835 250832 54

36759 9432 5839 18473 1844 20673 5572 ndash2710 ndash299 27201 9933 5498 ndash55797 ndash17132 ndash89859 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 123 41 ndash32 81 ndash1 7 0 0 0 ndash20 96 11 4 ndash1 2 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

3664 ndash131 269 2491 292 843 996 68 ndash206 167 95 ndash76 11226 903 1016 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 197 635 1248 8127 751 1201 841 299 232 1874 572 222 52767 7746 ndash16366 66 na na na na na na na na na na na na na na na 67 305 10 194 ndash210 ndash95 101 ndash278 190 36 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 68

18 32470 18 8877 18 4160 18 7984 18 897 18 18521 18 4013 18 ndash3267 18 ndash361 18 25180 18 9170 18 5341 18 ndash119794 18 ndash25780 18 ndash74511 69 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 4779 247 593 6975 6309 ndash855 70

ndash36695 ndash11219 20 ndash13255 74740 25193 20 5666 22366 8336 20 2904 ndash31258 ndash6612 20 ndash2323 ndash149554 ndash80225 20 ndash149503 71

11272 1335 2413 ndash68634 ndash17365 ndash18951 ndash31053 ndash6670 ndash4725 5275 1513 1511 3310 905 1717 72 14751 3438 3393 11334 2410 2736 4823 1122 1184 7534 1471 1554 ndash12923 ndash2915 ndash2934 73 26022 4773 5807 ndash57300 ndash14954 ndash16214 ndash26230 ndash5548 ndash3541 12809 2984 3064 ndash9613 ndash2010 ndash1217 74 13808 3470 3090 2626 600 617 1505 590 618 7691 2051 1724 50695 8900 11156 75

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 76 39398 8122 8803 ndash69307 ndash17961 ndash19207 ndash24784 ndash4938 ndash2929 9772 2358 2176 49468 9316 11749 77

88 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Asia and Pacific Australia China Hong Kong

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 712963 183175 182661 65972 17277 17407 144330 37377 34783 54341 13492 13744 2 Exports of goods and services 586414 151245 149694 43830 11284 11869 131994 34881 32272 43780 11197 11770 3 Goods balance of payments basis 2 418116 105377 107533 27463 7466 7666 105263 27268 26187 37687 9676 10285 4 Services 3 168298 45868 42162 16368 3818 4203 26731 7613 6085 6093 1521 1485 5 Transfers under US military agency sales contracts 4 10374 2616 2650 264 79 52 () () () () () () 6 Travel 31798 8098 8383 4252 890 1335 5689 1306 1316 444 114 134 7 Passenger fares 9344 2765 2338 711 223 163 2051 566 429 147 41 44 8 Other transportation 14522 3531 3694 481 112 113 2358 558 597 1743 406 400 9 Royalties and license fees 5 34696 9014 9477 3314 717 748 4114 1044 1092 621 145 151

10 Other private services 5 67074 19711 15500 7330 1794 1784 12490 4132 2644 3132 814 754 11 US government miscellaneous services 489 133 120 16 4 7 28 8 7 6 2 2 12 Income receipts 126549 31930 32967 22142 5993 5538 12336 2496 2511 10562 2296 1973 13 Income receipts on US-owned assets abroad 126123 31822 32858 22116 5987 5532 12270 2480 2495 10562 2296 1973 14 Direct investment receipts 80723 19759 19344 11637 3281 2764 9677 1736 1561 6559 1259 814 15 Other private receipts 44991 11929 13368 10468 2705 2768 2561 737 929 3994 1036 1155 16 US government receipts 408 134 146 11 1 0 32 7 5 9 () 4 17 Compensation of employees 427 109 109 26 7 7 65 16 17 0 0 0 18 Imports of goods and services and income payments ndash1067404 ndash266832 ndash280673 ndash24586 ndash6257 ndash6386 ndash456388 ndash107956 ndash117962 ndash19186 ndash4937 ndash5118 19 Imports of goods and services ndash926939 ndash231327 ndash245201 ndash16984 ndash4029 ndash4172 ndash412037 ndash97308 ndash107348 ndash11847 ndash3050 ndash3216 20 Goods balance of payments basis 2 ndash818921 ndash202330 ndash216305 ndash10437 ndash2307 ndash2539 ndash400642 ndash94271 ndash104182 ndash4891 ndash1280 ndash1411 21 Services 3 ndash108018 ndash28997 ndash28896 ndash6546 ndash1722 ndash1633 ndash11395 ndash3036 ndash3166 ndash6955 ndash1770 ndash1806 22 Direct defense expenditures ndash9816 ndash2645 ndash2625 ndash171 ndash46 ndash63 ndash12 ndash3 ndash3 ndash28 ndash3 ndash2 23 Travel ndash17883 ndash5045 ndash4871 ndash1597 ndash441 ndash418 ndash2691 ndash813 ndash854 ndash1115 ndash289 ndash344 24 Passenger fares ndash10817 ndash3499 ndash2982 ndash951 ndash309 ndash192 ndash614 ndash180 ndash198 ndash1392 ndash408 ndash369 25 Other transportation ndash19243 ndash4710 ndash4902 ndash278 ndash69 ndash70 ndash3081 ndash768 ndash763 ndash2061 ndash508 ndash510 26 Royalties and license fees 5 ndash8635 ndash2659 ndash2684 ndash492 ndash123 ndash123 ndash186 ndash51 ndash50 ndash66 ndash20 ndash20 27 Other private services 5 ndash40688 ndash10246 ndash10641 ndash2997 ndash719 ndash753 ndash4757 ndash1211 ndash1286 ndash2252 ndash532 ndash550 28 US government miscellaneous services ndash936 ndash193 ndash192 ndash60 ndash15 ndash14 ndash54 ndash10 ndash12 ndash41 ndash10 ndash11 29 Income payments ndash140465 ndash35505 ndash35471 ndash7603 ndash2228 ndash2214 ndash44351 ndash10649 ndash10614 ndash7340 ndash1887 ndash1902 30 Income payments on foreign-owned assets in the United States ndash138498 ndash34879 ndash35042 ndash7534 ndash2211 ndash2198 ndash43905 ndash10486 ndash10525 ndash7317 ndash1879 ndash1897 31 Direct investment payments ndash23368 ndash6008 ndash6014 ndash3864 ndash1247 ndash1211 ndash172 ndash50 ndash122 ndash240 ndash81 ndash101 32 Other private payments ndash27471 ndash7437 ndash7757 ndash3145 ndash814 ndash835 ndash3930 ndash1137 ndash1229 ndash1562 ndash436 ndash448 33 US government payments ndash87659 ndash21434 ndash21271 ndash525 ndash150 ndash152 ndash39803 ndash9299 ndash9174 ndash5515 ndash1362 ndash1348 34 Compensation of employees ndash1966 ndash626 ndash429 ndash69 ndash17 ndash17 ndash447 ndash163 ndash89 ndash23 ndash8 ndash4 35 Unilateral current transfers net ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 36 US government grants 4 ndash15849 ndash3413 ndash4491 0 0 0 ndash46 ndash5 ndash5 0 0 0 37 US government pensions and other transfers ndash1182 ndash309 ndash317 ndash108 ndash29 ndash30 ndash12 ndash3 ndash3 ndash16 ndash4 ndash4 38 Private remittances and other transfers 6

Capital account ndash23825 ndash6261 ndash4897 ndash1494 ndash143 ndash5 ndash2916 ndash964 ndash593 ndash468 ndash123 ndash94

39 Capital account transactions net Financial account

ndash133 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash163615 9670 ndash40015 ndash32996 ndash928 10070 ndash1342 ndash932 ndash1142 ndash13687 12961 ndash20268

41 US official reserve assets 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 933 ndash14 ndash14 46 US government assets other than official reserve assets ndash15051 ndash275 13313 ndash338 9 2 104 40 ndash2 ndash223 5 2 47 US credits and other long-term assets ndash1797 ndash930 ndash328 ndash340 0 0 0 0 0 ndash233 0 0 48 Repayments on US credits and other long-term assets 8 766 123 201 3 10 2 113 27 21 9 6 2 49 US foreign currency holdings and US short-term assets ndash14019 532 13440 () ndash1 () ndash9 13 ndash23 1 ndash1 () 50 US private assets ndash149497 9958 ndash53315 ndash32658 ndash937 10068 ndash1446 ndash973 ndash1140 ndash13464 12956 ndash20271 51 Direct investment ndash41439 ndash15963 ndash15740 ndash13684 ndash5427 ndash4156 1663 ndash2168 ndash1309 ndash4834 3459 ndash4802 52 Foreign securities 9139 ndash3568 29465 ndash1253 211 7702 ndash1171 3467 1226 8251 ndash3719 3589 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 2832 996 ndash6361 703 519 414 ndash91 ndash82 248 366 ndash407 ndash1330 54 US claims reported by US banks and securities brokers 14 ndash120029 28493 ndash60679 ndash18424 3760 6108 ndash1847 ndash2190 ndash1305 ndash17247 13623 ndash17728 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 270599 97594 62778 21992 ndash2427 5853 ndash31594 68961 26870 ndash7998 2568 ndash13652 56 Foreign official assets in the United States 78682 54430 9587 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 6201 882 799 479 ndash36 375 0 0 0 0 0 0 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 191917 43164 53191 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 46176 7070 11264 17446 2116 ndash1192 576 ndash320 259 491 79 123 65 US Treasury securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 13025 9360 147 ndash2046 ndash1242 ndash961 ndash1372 2974 ndash3746 ndash8032 498 ndash1779 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ndash192 55 148 1466 931 269 ndash327 544 ndash22 69 US liabilities reported by US banks and securities brokers 15 87809 ndash5547 56741 18 6305 18 ndash3320 18 7483 18 ndash32264 18 65376 18 30088 18 ndash130 18 1447 18 ndash11974 70 Financial derivatives net 1189 517 ndash251 ndash180 ndash1005 ndash2706 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 287256 ndash14141 20 85206 ndash28599 ndash6489 20 ndash24203 347969 3522 20 58052 ndash12986 ndash23957 20 25393

72 Balance on goods (lines 3 and 20) ndash400805 ndash96953 ndash108773 17025 5159 5127 ndash295378 ndash67003 ndash77995 32796 8396 8875 73 Balance on services (lines 4 and 21) 60280 16871 13265 9821 2096 2570 15335 4577 2919 ndash862 ndash249 ndash321 74 Balance on goods and services (lines 2 and 19) ndash340526 ndash80082 ndash95507 26846 7255 7697 ndash280043 ndash62427 ndash75076 31933 8147 8554 75 Balance on income (lines 12 and 29) ndash13915 ndash3575 ndash2504 14540 3765 3324 ndash32016 ndash8153 ndash8103 3222 409 72 76 Unilateral current transfers net (line 35) ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash395296 ndash93640 ndash107717 39784 10849 10986 ndash315033 ndash71551 ndash83780 34672 8428 8527

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 89

Transactions by AreamdashContinues of dollars]

India Japan Korea Republic of Singapore Taiwan Other Asia and Pacific

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

38473 9870 10301 135847 35489 34599 70379 18851 17494 65136 16312 17598 42014 10642 11123 96471 23864 25612 1 32724 8196 8390 112133 30043 28695 61917 16842 15360 42035 10253 11017 37957 9527 9907 80045 19023 20415 2 21616 4892 5420 67204 17713 17768 45150 11959 11299 31373 7417 8018 27113 6282 6708 55247 12704 14180 3 11108 3304 2969 44929 12330 10927 16767 4883 4060 10661 2836 2999 10844 3244 3199 24798 6319 6235 4

39 31 15 346 78 93 153 38 47 174 42 80 369 106 138 9030 2242 2226 5 3079 658 1150 10141 3020 2158 3673 1184 915 629 119 195 1114 267 293 2777 540 887 6 1339 296 509 4614 1585 1032 124 21 33 6 5 3 2 1 () 350 27 125 7

351 97 81 3540 887 901 2127 483 540 798 215 225 1876 454 506 1248 319 331 8 676 175 183 10653 2513 2638 4532 1251 1321 3822 992 1041 5146 1686 1787 1817 493 516 9

5574 2035 1019 15445 4192 4064 6105 1893 1189 5196 1454 1446 2307 721 468 9494 2677 2132 10 50 13 12 189 55 41 52 13 14 37 10 9 30 9 7 82 21 19 11

5749 1674 1911 23714 5446 5904 8462 2009 2134 23101 6059 6581 4057 1115 1216 16426 4841 5197 12 5730 1669 1906 23635 5426 5884 8456 2007 2132 23074 6053 6574 4037 1110 1211 16242 4794 5149 13 3402 1018 1122 9948 1807 2030 4382 910 760 21223 5583 6072 1962 546 462 11934 3620 3757 14 2314 604 781 13621 3594 3821 4058 1096 1363 1851 470 502 2075 564 749 4049 1123 1300 15

14 47 3 67 25 33 16 2 9 0 0 0 0 0 0 259 52 92 16 19 5 5 79 20 20 6 2 2 27 7 7 20 5 5 185 47 47 17

ndash54951 ndash14456 ndash15188 ndash215400 ndash59554 ndash58560 ndash74037 ndash18587 ndash20705 ndash30999 ndash8162 ndash8031 ndash55557 ndash12474 ndash13799 ndash136300 ndash34448 ndash34925 18 ndash53259 ndash14003 ndash14769 ndash159286 ndash45430 ndash44371 ndash68479 ndash16940 ndash18992 ndash24603 ndash6470 ndash6390 ndash48605 ndash10802 ndash12146 ndash131840 ndash33296 ndash33797 19 ndash36338 ndash9532 ndash10415 ndash131836 ndash38178 ndash36813 ndash57454 ndash13926 ndash15897 ndash20081 ndash5239 ndash5138 ndash41526 ndash8870 ndash10234 ndash115717 ndash28727 ndash29677 20 ndash16921 ndash4471 ndash4355 ndash27450 ndash7251 ndash7558 ndash11025 ndash3014 ndash3095 ndash4522 ndash1231 ndash1252 ndash7079 ndash1933 ndash1912 ndash16123 ndash4569 ndash4120 21

ndash19 ndash2 ndash12 ndash2425 ndash696 ndash690 ndash2609 ndash729 ndash700 ndash57 ndash37 ndash15 ndash310 ndash77 ndash85 ndash4185 ndash1052 ndash1055 22 ndash2196 ndash553 ndash383 ndash3435 ndash794 ndash1001 ndash1677 ndash435 ndash548 ndash349 ndash120 ndash101 ndash1022 ndash321 ndash283 ndash3801 ndash1279 ndash939 23

ndash239 ndash80 ndash52 ndash1526 ndash467 ndash464 ndash2355 ndash740 ndash650 ndash289 ndash84 ndash70 ndash1695 ndash568 ndash505 ndash1756 ndash663 ndash482 24 ndash185 ndash54 ndash37 ndash6064 ndash1526 ndash1557 ndash3129 ndash719 ndash790 ndash897 ndash195 ndash227 ndash2751 ndash675 ndash735 ndash797 ndash196 ndash213 25 ndash153 ndash73 ndash75 ndash7475 ndash2313 ndash2336 ndash118 ndash39 ndash40 ndash51 ndash12 ndash12 ndash43 ndash11 ndash11 ndash52 ndash17 ndash16 26

ndash14104 ndash3702 ndash3789 ndash6272 ndash1431 ndash1485 ndash1098 ndash342 ndash358 ndash2856 ndash776 ndash821 ndash1251 ndash279 ndash291 ndash5099 ndash1255 ndash1308 27 ndash26 ndash7 ndash7 ndash252 ndash24 ndash25 ndash39 ndash10 ndash10 ndash22 ndash6 ndash6 ndash8 ndash2 ndash2 ndash432 ndash108 ndash107 28

ndash1692 ndash453 ndash418 ndash56114 ndash14125 ndash14190 ndash5557 ndash1647 ndash1712 ndash6396 ndash1693 ndash1640 ndash6953 ndash1672 ndash1653 ndash4459 ndash1152 ndash1128 29 ndash1096 ndash270 ndash283 ndash56014 ndash14091 ndash14166 ndash5360 ndash1574 ndash1673 ndash6381 ndash1688 ndash1637 ndash6880 ndash1645 ndash1638 ndash4012 ndash1034 ndash1026 30

ndash370 ndash112 ndash117 ndash15459 ndash3421 ndash3426 ndash1322 ndash590 ndash665 ndash1157 ndash331 ndash250 ndash692 ndash155 ndash129 ndash93 ndash20 6 31 ndash67 ndash13 ndash11 ndash11996 ndash3266 ndash3381 ndash857 ndash197 ndash201 ndash3777 ndash1001 ndash1049 ndash1325 ndash348 ndash365 ndash812 ndash225 ndash238 32

ndash659 ndash145 ndash155 ndash28559 ndash7404 ndash7359 ndash3181 ndash787 ndash807 ndash1447 ndash356 ndash338 ndash4863 ndash1142 ndash1144 ndash3107 ndash789 ndash794 33 ndash596 ndash183 ndash135 ndash100 ndash33 ndash24 ndash197 ndash73 ndash39 ndash15 ndash5 ndash3 ndash73 ndash27 ndash15 ndash448 ndash118 ndash102 34

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 35 ndash109 ndash21 ndash17 ndash104 ndash13 ndash12 ndash1 0 0 () 0 0 ndash5 () ndash1 ndash15583 ndash3374 ndash4456 36 ndash28 ndash7 ndash7 ndash329 ndash86 ndash88 ndash76 ndash20 ndash21 ndash8 ndash2 ndash2 ndash12 ndash3 ndash3 ndash593 ndash155 ndash159 37

ndash8440 ndash2353 ndash1979 ndash1712 ndash172 ndash170 ndash1109 ndash392 ndash248 ndash111 ndash24 ndash14 ndash255 ndash109 ndash56 ndash7319 ndash1981 ndash1736 38

0 0 na ndash54 0 na 0 0 na 0 0 na 0 0 na ndash79 0 na 39

ndash13288 ndash1805 ndash3387 ndash81550 18450 ndash32776 ndash10269 ndash3685 3296 ndash7396 ndash10497 3232 2399 1417 199 ndash5486 ndash5312 761 40 0 0 0 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

933 ndash14 ndash14 45 ndash10 ndash630 6 ndash13990 526 13467 ndash91 28 24 ndash3 3 ndash1 3 ndash4 () ndash503 ndash252 ndash185 46 ndash43 ndash635 0 0 0 0 ndash130 0 0 0 0 0 0 0 0 ndash1050 ndash296 ndash328 47 37 3 7 0 0 0 78 20 26 0 0 0 0 0 0 526 57 143 48 ndash4 2 ndash1 ndash13990 526 13467 ndash38 8 ndash2 ndash3 3 ndash1 3 ndash4 () 21 ndash14 () 49

ndash13278 ndash1175 ndash3393 ndash68493 17938 ndash46229 ndash10178 ndash3713 3272 ndash7393 ndash10500 3233 2397 1421 199 ndash4983 ndash5060 946 50 ndash2455 ndash1540 ndash1116 ndash5062 ndash1878 1421 ndash4305 ndash629 ndash90 ndash7571 ndash4140 ndash3167 469 ndash146 ndash313 ndash5659 ndash3495 ndash2208 51 ndash3377 ndash384 ndash487 2637 254 ndash592 ndash2288 ndash3298 4778 3321 864 7546 2692 ndash527 ndash396 327 ndash436 6099 52

ndash703 39 ndash8 ndash794 1422 ndash7063 220 346 307 3060 ndash286 1112 14 ndash529 ndash69 57 ndash26 28 53 ndash6743 710 ndash1782 ndash65274 18140 ndash39995 ndash3805 ndash132 ndash1723 ndash6203 ndash6938 ndash2258 ndash778 2623 977 292 ndash1103 ndash2973 54

ndash5117 1453 5993 240731 4050 37857 11463 5465 7038 9375 ndash218 ndash797 111 9295 ndash1336 31637 8446 ndash5048 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 439 ndash24 248 ndash16 ndash111 7 ndash66 ndash116 ndash14 ndash19 ndash12 ndash26 1096 261 231 4288 920 ndash22 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 764 () 686 18598 2799 9826 3594 1639 915 2546 761 337 539 112 112 1623 ndash117 198 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash641 ndash224 ndash120 28265 4930 885 1586 1217 1153 ndash4788 ndash1485 2064 1385 999 2054 ndash1332 1693 597 66 na na na na na na na na na na na na na na na na na na 67

ndash162 43 ndash104 301 389 ndash419 251 ndash28 ndash63 ( 18) ( 18) ( 18) ndash10 44 59 ( 18) ( 18) ( 18) 68 18 ndash5517 18 1658 18 5283 18 193583 18 ndash3957 18 27558 18 6098 18 2753 18 5047 18 11636 18 518 18 ndash3172 18 ndash2899 18 7879 18 ndash3792 18 27058 18 5950 18 ndash5821 69

( 19) ( 19) ( 19) ndash7822 496 ndash49 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 9191 1026 2504 70 43461 7318 20 4284 ndash69607 1340 20 19200 3651 ndash1632 20 ndash6854 ndash35996 2591 20 ndash11986 11305 ndash8768 20 3872 28060 11934 20 17447 71

ndash14722 ndash4640 ndash4994 ndash64632 ndash20465 ndash19045 ndash12304 ndash1967 ndash4598 11292 2178 2880 ndash14413 ndash2587 ndash3526 ndash60470 ndash16023 ndash15497 72 ndash5814 ndash1166 ndash1385 17479 5079 3369 5742 1868 965 6139 1605 1747 3764 1312 1287 8675 1750 2115 73

ndash20536 ndash5807 ndash6380 ndash47153 ndash15386 ndash15676 ndash6562 ndash98 ndash3633 17431 3783 4627 ndash10648 ndash1276 ndash2239 ndash51795 ndash14274 ndash13381 74 4057 1221 1493 ndash32400 ndash8679 ndash8285 2904 362 422 16706 4367 4941 ndash2895 ndash556 ndash436 11967 3690 4069 75

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 76 ndash25056 ndash6966 ndash6891 ndash81697 ndash24336 ndash24232 ndash4844 ndash148 ndash3480 34017 8124 9551 ndash13816 ndash1945 ndash2735 ndash63324 ndash16094 ndash15664 77

90 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Middle East Africa

2011 2012

2011 2012

I r II pI r II p

Current account 1 Exports of goods and services and income receipts 99843 26617 26982 57868 14189 14684 2 Exports of goods and services 82037 21951 22670 46669 11428 11925 3 Goods balance of payments basis 2 59397 16202 16800 33808 8052 8745 4 Services 3 22640 5749 5870 12860 3376 3180 5 Transfers under US military agency sales contracts 4 4181 981 870 602 196 138 6 Travel 3651 755 1034 1591 323 447 7 Passenger fares 530 97 162 645 149 170 8 Other transportation 2244 562 683 498 114 106 9 Royalties and license fees 5 1010 293 306 1192 275 287

10 Other private services 5 10942 3039 2794 8255 2300 2012 11 US government miscellaneous services 82 22 20 77 19 21 12 Income receipts 17806 4667 4312 11200 2760 2759 13 Income receipts on US-owned assets abroad 17625 4620 4266 11113 2737 2735 14 Direct investment receipts 15226 4016 3598 8520 2052 1888 15 Other private receipts 2261 575 631 2365 658 802 16 US government receipts 138 29 37 228 27 45 17 Compensation of employees 182 46 47 86 24 24 18 Imports of goods and services and income payments ndash133298 ndash34113 ndash40673 ndash103924 ndash19566 ndash21594 19 Imports of goods and services ndash124109 ndash31794 ndash38246 ndash102038 ndash19111 ndash21199 20 Goods balance of payments basis 2 ndash106531 ndash27874 ndash34059 ndash93323 ndash16991 ndash19017 21 Services 3 ndash17578 ndash3920 ndash4187 ndash8715 ndash2121 ndash2182 22 Direct defense expenditures ndash6256 ndash1131 ndash1100 ndash445 ndash95 ndash103 23 Travel ndash3009 ndash720 ndash940 ndash3422 ndash893 ndash887 24 Passenger fares ndash2336 ndash654 ndash672 ndash660 ndash179 ndash196 25 Other transportation ndash1565 ndash391 ndash396 ndash560 ndash128 ndash129 26 Royalties and license fees 5 ndash228 ndash57 ndash56 ndash66 ndash24 ndash25 27 Other private services 5 ndash3869 ndash893 ndash945 ndash2987 ndash652 ndash690 28 US government miscellaneous services ndash314 ndash74 ndash78 ndash576 ndash149 ndash152 29 Income payments ndash9189 ndash2319 ndash2427 ndash1886 ndash455 ndash395 30 Income payments on foreign-owned assets in the United States ndash9036 ndash2274 ndash2393 ndash1592 ndash380 ndash327 31 Direct investment payments ndash1 87 42 ndash512 ndash103 ndash41 32 Other private payments ndash5311 ndash1483 ndash1576 ndash398 ndash115 ndash124 33 US government payments ndash3724 ndash878 ndash859 ndash682 ndash162 ndash162 34 Compensation of employees ndash154 ndash45 ndash34 ndash294 ndash75 ndash68 35 Unilateral current transfers net ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 36 US government grants 4 ndash7644 ndash3235 ndash1231 ndash9807 ndash2017 ndash3178 37 US government pensions and other transfers ndash144 ndash36 ndash37 ndash40 ndash10 ndash10 38 Private remittances and other transfers 6

Capital account ndash3758 ndash856 ndash906 ndash7130 ndash1875 ndash1632

39 Capital account transactions net Financial account

0 0 na ndash1072 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) 4270 ndash8199 3129 1794 ndash2348 1124

41 US official reserve assets 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets ndash219 ndash44 ndash11 1020 ndash14 ndash12 47 US credits and other long-term assets ndash431 ndash85 ndash81 ndash345 ndash72 ndash64 48 Repayments on US credits and other long-term assets 8 202 47 66 1356 63 61 49 US foreign currency holdings and US short-term assets 10 ndash6 4 10 ndash4 ndash9 50 US private assets 4489 ndash8155 3140 774 ndash2335 1136 51 Direct investment ndash846 ndash3924 ndash3324 ndash5127 ndash1466 713 52 Foreign securities 2817 57 733 ndash1603 ndash402 760 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1302 ndash699 ndash58 ndash142 395 ndash92 54 US claims reported by US banks and securities brokers 14 1216 ndash3589 5789 7646 ndash862 ndash245 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 67973 ndash2975 14154 ndash11760 2355 958 56 Foreign official assets in the United States 52584 421 13528 ndash11843 ndash3308 3131 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 60 Other US government liabilities 11 3165 1723 2049 53 188 147 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 63 Other foreign assets in the United States 15389 ndash3396 626 83 5663 ndash2173 64 Direct investment 9098 602 ndash924 2060 63 160 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 66 US securities other than US Treasury securities 2263 609 1412 559 104 109 67 US currency na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 69 US liabilities reported by US banks and securities brokers 15 7135 ndash4065 199 2661 3694 ndash2555 70 Financial derivatives net ( 19) ( 19) ( 19) 2603 332 ndash86 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash27242 22796 20 ndash1419 71468 8941 20 9734

72 Balance on goods (lines 3 and 20) ndash47134 ndash11672 ndash17258 ndash59514 ndash8938 ndash10272 73 Balance on services (lines 4 and 21) 5062 1829 1682 4145 1255 998 74 Balance on goods and services (lines 2 and 19) ndash42072 ndash9843 ndash15576 ndash55369 ndash7683 ndash9274 75 Balance on income (lines 12 and 29) 8617 2348 1885 9313 2305 2364 76 Unilateral current transfers net (line 35) ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash45001 ndash11622 ndash15864 ndash63033 ndash9280 ndash11730

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 91

Transactions by AreamdashTable Ends of dollars]

South Africa Other Africa International organizations and unallocated 22

Line 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p

12589 3062 3438 45279 11127 11246 58399 14756 15176 1 10108 2457 2550 36561 8972 9375 2503 622 608 2 7259 1826 1863 26550 6227 6882 0 0 0 3 2849 631 687 10011 2745 2493 2503 622 608 4

2 1 () 600 196 138 122 22 24 5 299 58 93 1292 265 354 0 0 0 6 247 54 76 398 95 94 0 0 0 7 134 24 22 364 90 84 60 24 6 8 821 184 192 372 91 95 4 3 3 9

1341 308 301 6914 1992 1711 2317 573 574 10 5 3 3 71 16 18 0 0 0 11

2481 605 887 8718 2155 1871 55896 14134 14569 12 2476 604 886 8638 2133 1849 51681 13066 13498 13

733 109 255 7787 1943 1633 22676 5643 5643 14 1732 495 626 633 163 176 28699 7394 7830 15

11 0 5 217 27 40 306 29 25 16 6 1 1 81 22 22 4215 1068 1071 17

ndash12317 ndash2727 ndash2972 ndash91607 ndash16839 ndash18621 ndash16764 ndash4398 ndash4505 18 ndash11447 ndash2546 ndash2777 ndash90591 ndash16566 ndash18421 ndash288 ndash145 ndash115 19

ndash9539 ndash2100 ndash2192 ndash83784 ndash14891 ndash16824 0 0 0 20 ndash1908 ndash446 ndash585 ndash6807 ndash1675 ndash1597 ndash288 ndash145 ndash115 21

ndash8 ndash3 ndash3 ndash437 ndash92 ndash100 0 0 0 22 ndash825 ndash167 ndash274 ndash2597 ndash726 ndash613 0 0 0 23 ndash163 ndash38 ndash57 ndash497 ndash141 ndash139 0 0 0 24 ndash96 (D) ndash22 ndash464 (D) ndash107 ndash227 ndash58 ndash29 25 ndash50 (D) ndash21 ndash16 (D) ndash4 ndash40 ndash83 ndash82 26

ndash704 ndash178 ndash193 ndash2282 ndash474 ndash498 ndash21 ndash4 ndash4 27 ndash62 ndash16 ndash16 ndash514 ndash134 ndash136 () 0 0 28

ndash871 ndash182 ndash195 ndash1016 ndash273 ndash200 ndash16476 ndash4253 ndash4390 29 ndash675 ndash142 ndash146 ndash917 ndash238 ndash181 ndash16476 ndash4253 ndash4390 30

(D) (D) (D) (D) (D) (D) ndash7051 ndash1756 ndash1763 31 ndash103 ndash27 ndash28 ndash295 ndash88 ndash96 ndash8396 ndash2287 ndash2422 32

(D) (D) (D) (D) (D) (D) ndash1029 ndash210 ndash205 33 ndash196 ndash40 ndash49 ndash98 ndash35 ndash19 0 0 0 34

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 35 ndash374 ndash89 ndash120 ndash9433 ndash1928 ndash3058 ndash9016 ndash1983 ndash1515 36

ndash8 ndash2 ndash2 ndash32 ndash8 ndash8 ndash3871 ndash576 ndash599 37 ndash714 ndash185 ndash180 ndash6416 ndash1690 ndash1452 ndash20973 ndash5174 ndash5485 38

0 0 na ndash1072 0 na 0 0 na 39

ndash1098 ndash1702 ndash134 2892 ndash646 1258 ndash37569 ndash7425 ndash7312 40 0 0 0 0 0 0 ndash16327 ndash1089 ndash3189 41 0 0 0 0 0 0 0 0 0 42

1752 ndash11 ndash10 43

ndash18079 ndash1078 ndash3179 44

45 ndash3 ndash1 ndash4 1023 ndash13 ndash8 ndash2019 ndash237 ndash1614 46 0 0 0 ndash345 ndash72 ndash64 ndash2183 ndash240 ndash1629 47 0 0 0 1356 63 61 32 2 15 48

ndash3 ndash1 ndash4 13 ndash3 ndash5 132 0 0 49 ndash1095 ndash1701 ndash130 1869 ndash634 1266 ndash19223 ndash6099 ndash2509 50

ndash722 74 ndash56 ndash4405 ndash1540 769 ndash22676 ndash5643 ndash5643 51 ndash1065 ndash1118 ndash164 ndash538 716 924 968 ndash1708 1240 52

43 ndash6 194 ndash185 401 ndash286 2 ndash2 5 53 649 ndash651 ndash104 6997 ndash211 ndash141 2483 1254 1889 54

74 591 438 ndash11834 1764 520 70832 22534 584 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 26 8 0 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 59

0 2 0 53 186 147 26 8 0 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 70806 22526 584 63 255 ndash5 73 1805 68 87 7051 1756 1763 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 ndash44 126 ndash30 603 ndash22 139 ndash1966 ndash315 277 66 na na na na na na 54996 18057 7116 67 68 107 ndash7 ( 18) ( 18) ( 18) 29 4 2 68

18 ndash205 18 361 18 402 18 ndash14295 18 1532 18 147 18 10696 18 3024 18 ndash8574 69 ( 19) ( 19) ( 19) 2603 332 ndash86 ndash976 ndash280 ndash328 70

1848 1052 20 ndash467 69619 7889 20 10201 ndash40062 ndash17454 20 3984 71

ndash2280 ndash274 ndash329 ndash57235 ndash8664 ndash9943 0 0 0 72 941 185 102 3204 1070 896 2215 477 493 73

ndash1339 ndash89 ndash227 ndash54030 ndash7594 ndash9047 2215 477 493 74 1611 424 693 7703 1882 1671 39420 9881 10179 75

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 76 ndash824 58 163 ndash62209 ndash9338 ndash11893 7775 2625 3072 77

92 US International Transactions October 2012

Footnotes to US International Transactions Tables 1ndash12

General notes for all tables p Preliminary r Revised 0 Transactions are possible but are zero for a given period () Transactions are less than $500000(plusmn) D Suppressed to avoid disclosure of data of individual compashynies na Transactions are possible but data are not available Not applicable or for data periods 1960ndash1997 transactions that are 0 ldquonot availshyablerdquo or ldquonot applicablerdquo Quarterly estimates are not annualized and are expressed at quarterly rates

Table 1 1 Credits + Exports of goods and services and income receipts unilateral

current transfers to the United States capital account transactions receipts financial inflowsmdashincrease in foreign-owned assets (US liabilities) or decrease in US-owned assets (US claims)

Debits ndash Imports of goods and services and income payments unilateral current transfers to foreigners capital account transactions payments finanshycial outflowsmdashdecrease in foreign-owned assets (US liabilities) or increase in US-owned assets (US claims)

2 See table 2 footnotes for explanations of the various balance of payshyments adjustments made to convert goods on a Census-basis to goods on a balance of payments basis The adjustments are made to improve coverage eliminate duplication and align the goods data with national and international accounting guidelines

3 Includes some goods Mainly military equipment and supplies in lines 5 and 22 that are commingled in the source data and cannot be separately idenshytified Beginning with statistics for 1999 line 5 excludes equipment and supshyplies exported under the US Foreign Military Sales program that can be separately identified and line 22 excludes petroleum purchases abroad by US military agencies that can be separately identified

4 Includes transfers of goods and services under US military grant proshygrams

5 Beginning in 1982 these lines are presented on a gross basis The definishytion of exports is revised to exclude US parentsrsquo payments to foreign affiliates and to include US affiliatesrsquo receipts from foreign parents The definition of imports is revised to include US parentsrsquo payments to foreign affiliates and to exclude US affiliatesrsquo receipts from foreign parents

6 Beginning in 1982 the ldquoother transfersrdquo component includes taxes paid by US private residents to foreign governments and taxes paid by private nonresidents to the US Government

7 At the present time all US Treasury-owned gold is held in the United States

8 Includes sales of foreign obligations to foreigners 9 Consists of bills certificates marketable bonds and notes and nonmarshy

ketable convertible and nonconvertible bonds and notes 10 Consists of US Treasury and Export-Import Bank obligations not

included elsewhere and of debt securities of US Government corporations and agencies

11 Includes primarily US Government liabilities associated with milishytary agency sales contracts and other transactions arranged with or through foreign official agencies see table 6

12 Consists of investments in US corporate stocks and in debt securities of private corporations and state and local governments

13 Conceptually the sum of line 77 and line 39 is equal to ldquonet lending or net borrowingrdquo in the national income and product accounts (NIPAs) Howshyever the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold (b) includes adjustments for the different geographical treatment of transactions with US territories and Puerto Rico and (c) includes services furnished withshyout payment by financial pension plans except life insurance carriers and prishyvate noninsured pension plans A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSIshyNESS A reconciliation of the other foreign transactions in the two sets of accounts appears in table 43B of the full set of NIPA tables

14 Beginning with 2003 includes securities brokers claims on their forshyeign affiliates Prior to 2003 they are included in the claims of nonbanking concerns

15 Beginning with 2003 includes securities brokers liabilities to their forshyeign affiliates Prior to 2003 they are included in the liabilities of nonbanking concerns

16 Calculated excluding capital account transactions net (line 39) 17 Equals the sum of financial derivatives for the first second and third

quarters of the year Appears only with the preliminary release of annual stashytistics for a given year

Additional footnotes for historical data in July issues of the SURVEY 18 For 1974 includes extraordinary US Government transactions with

India See ldquoSpecial US Government Transactionsrdquo June 1974 SURVEY p 27

19 For 1978ndash83 includes foreign currency-denominated notes sold to prishyvate residents abroad

20 Break in series See Technical Notes in the June 1989ndash90 1992ndash95 and July 1996ndash2010 issues of the SURVEY

Table 2 1 Exports Census basis represent transactions values fas US port of

exportation imports Census basis represent Customs values Seasonally adjusted data reflect the application of seasonal factors developed jointly by BEA and the US Census Bureau (CENSUS)

2 Difference between transactions included in primary source data proshyvided to BEA by the US Department of Defense and transactions included in the Census trade data Negative values may result from timing differences for transactions recorded in the two data sets

3 Addition for low-value (below reporting threshold) transactions for 1999ndash2009 to phase in a revised low-value methodology that was impleshymented by CENSUS beginning with statistics for 2010

4 Addition of electric energy exports to Mexico deduction of exposed motion picture film for sale or rental net change in stock of US-owned grains in storage in Canada valuation of software exports at market value and coverage adjustments for special situations where certain exports are not included in the Census data

5 Addition of electric energy imports from Mexico deduction of exposed motion picture film for sale or rental deduction of the value of repairs of US vessels abroad and coverage adjustments for special situations where certain imports are not included in the Census data

6 Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 12 lines 3 and 20 Trade with international organizations includes purchases of nonmonetary gold from the Internashytional Monetary Fund transfers of tin to the International Tin Council and sales of satellites to Intelsat Members of OPEC include Algeria Angola (beginning with the first quarter of 2007) Ecuador (beginning with the fourth quarter of 2007) Indonesia (ending with the fourth quarter of 2008) Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates and Venezuela

7 Lines B24 B83 and B142 include CENSUSs reconciliation of disshycrepancies between the goods statistics published by the United States and the counterpart statistics published by Canada These adjustments are disshytributed to the affected end-use categories in section C Beginning in 1986 estimates for undocumented exports to Canada the largest item in the US-Canadian reconciliation are included in Census basis data shown in line A1

Table 3 1 Royalties and license fees and ldquoother private servicesrdquo by detailed type of

service include both affiliated and unaffiliated transactions 2 Includes royalties license fees and other fees associated with intangible

assets including patents trade secrets and other proprietary rights that are used in connection with the production of goods

3 Includes royalties license fees and other fees associated with copyrights trademarks franchises rights to broadcast live events software licensing fees distribution of film and television recordings and other intellectual property rights

4 Other services receipts (exports) include mainly expenditures of foreign residents working temporarily in the United States Payments (imports) include mainly expenditures of US residents temporarily working abroad

5 These reflect the amount of premiums explicitly charged by or paid to insurers and reinsurers

Table 4 1 Beginning with 2003 includes interest on securities brokersrsquo claims on

their foreign affiliates Prior to 2003 it is included in the interest on claims of nonbanking concerns

2 Beginning with 2003 gross interest receipts on US holdings of special drawing rights (SDRs) are included in US government receipts Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

3 Beginning with 2003 includes interest on securities brokersrsquo liabilities to their foreign affiliates Prior to 2003 it is included in the interest on liabilities of nonbanking concerns

4 Beginning in 2003 gross interest payments on US allocations of SDRs are included in US government payments Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

Table 5 1 Complete instrument detail is only available beginning with 2003 2 Prior to 2003 includes only demand deposits and nonnegotiable time

and savings deposits

93 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 1 Expenditures to release foreign governments from their contractual liashy

bilities to pay for military goods and services purchased through military sales contractsmdashfirst authorized (for Israel) under Public Law 93ndash199 section 4 and subsequently authorized (for many recipients) under similar legislationmdashare included in line A4 Deliveries against these military sales contracts are included in line C10 see footnote 2 Of the line A4 items part of these military expendishytures is applied in lines A43 and A46 to reduce short-term assets previously recorded in lines A41 and C8 this application of funds is excluded from lines C3 and C4 A second part of line A4 expenditures finances future deliveries under military sales contracts for the recipient countries and is applied directly to lines A42 and C9 A third part of line A4 disbursed directly to finance purchases by recipient countries from commercial suppliers in the United States is included in line A37 A fourth part of line A4 representing dollars paid to the recipient countries to finance purchases from countries other than the United States is included in line A48

2 Transactions under military sales contracts are those in which the Department of Defense sells and transfers military goods and services to a forshyeign purchaser on a cash or credit basis Purchases by foreigners directly from commercial suppliers are not included as transactions under military sales contracts

3 The identification of transactions involving direct dollar outflows from the United States is made in reports by each operating agency

4 Line A38 includes foreign currency collected as interest and line A43 includes foreign currency collected as principal as recorded in lines A16 and A17 respectively

5 Includes (a) advance payments to the Department of Defense (on milishytary sales contracts) financed by loans extended to foreigners by US Governshyment agencies and (b) the contra-entry for the part of line C10 that was delivered without prepayment by the foreign purchaser Also includes expenshyditures of appropriations available to release foreign purchasers from liability to make repayment

6 Includes purchases of loans from US banks and exporters and payshyments by the US Government under commercial export credit and investshyment guarantee programs

7 Excludes liabilities associated with military sales contracts financed by US Government grants and credits and included in line C2

8 Excludes transactions of the US Enrichment Corporation since it became a non-government entity in July 1998

9 Beginning in the fourth quarter of 2007 includes drawings and repayshyments under temporary reciprocal currency arrangements between the US Federal Reserve System and foreign central banks that do not meet the strict definition of US reserve assets

10 Includes allocations of special drawing rights (SDRs) in the third quarshyter of 2009

Table 7 1 Interest on intercompany debt between financial parent companies and

their financial affiliates is excluded from direct investment income Prior to 2007 interest on the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment income

2 Intercompany debt investment between financial parent companies and their financial affiliates is excluded from direct investment financial flows Prior to 2007 the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment financial flows

Table 8 1 Beginning with 2005 source data for new issue estimates are no longer

separately available New issues continue to be included in net purchases 2 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 9 1 Prior to 2003 securities brokersrsquo claims on and liabilities to their forshy

eign affiliates are included in the estimates They are excluded beginning in 2003

2 Complete instrument detail is only available beginning with 2003 3 Financial intermediariesrsquo accounts are shown under ldquoother claims

(liabilities)rdquo because the majority of these claims (liabilities) are in the form of intercompany balances Financial intermediariesrsquo accounts represent transshyactions between firms in a direct investment relationship (that is between US parents and their foreign affiliates or between US affiliates and their forshyeign parent groups) where both the US and foreign firms are classified in a

finance industry but the firms are neither banks nor securities brokers 4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 10 1 Beginning with 2003 includes securities brokersrsquo claims on their foreign

affiliates 2 Complete instrument detail is only available beginning with 2003 3 Includes foreign official agencies and international and regional organishy

zations Prior to 2003 also includes government-owned corporations and state provincial and local governments and their agencies

4 US-owned banks include US-chartered banks Edge Act subsidiaries and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

5 Commercial paper issued in the US market by foreign incorporated entities and held in US customersrsquo accounts Excludes commercial paper issued through foreign direct investment affiliates in the United States

6 Prior to 2003 includes negotiable certificates of deposit and other negoshytiable and transferable instruments

7 Prior to 2003 includes only deposits 8 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 11 1 Beginning with 2003 includes securities brokersrsquo liabilities to their forshy

eign affiliates 2 Complete instrument detail is only available beginning with 2003 3 US-owned banks include US-chartered banks Edge Act subsidiaries

and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to 2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 12 For footnotes 1ndash15 see table 1 16 At the global level the statistical discrepancy represents net errors and

omissions in recorded transactions For individual countries and regions it may also reflect discrepancies that arise when transactions with one country or region are settled through transactions with another country or region

17 Details not shown separately see totals in lines 56 and 63 18 Details not shown separately are included in line 69 19 Estimates of financial derivatives for several countries are not available

separately Estimates for Luxembourg are included in Other Euro area Estishymates for Argentina Brazil Mexico and Venezuela are included in Other South and Central America Estimates for China Hong Kong India Korea Singapore and Taiwan are included in Other Asia and Pacific Estimates for South Africa are included in Other Africa In addition estimates for the Midshydle East are combined with estimates for Asia and Pacific and included in Other Asia and Pacific

20 Calculated excluding capital account transactions net (line 39) 21 Equals the sum of financial derivatives for the first second and third

quarters of the year 22 Includes as part of international and unallocated taxes withheld cur-

rent-cost adjustments associated with US and foreign direct investment and net US currency flows Before 1999 also includes the estimated US direct investment in foreign affiliates engaged in international shipping in operating oil and gas drilling equipment internationally and in petroleum trading Before 1996 also includes small transactions in business services that are not reported by country

NOTE Definitions for geographic areas are available on BEArsquos Web site at wwwbeagov Country data are based on information available from US reporting sources In some instances the statistics may not necessarily reflect the ultimate foreign transactor For instance US goods export statistics reflect country of reported destination in many cases the goods may be transshyshipped to third countries (especially true for the Netherlands and Germany) The geographic breakdown of securities transactions reflects the country with which transactions occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of US funds

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false PDFXNoTrimBoxError true PDFXTrimBoxToMediaBoxOffset [ 000000 000000 000000 000000 ] PDFXSetBleedBoxToMediaBox true PDFXBleedBoxToTrimBoxOffset [ 000000 000000 000000 000000 ] PDFXOutputIntentProfile () PDFXOutputConditionIdentifier () PDFXOutputCondition () PDFXRegistryName () PDFXTrapped False Description ltlt CHS ltFEFF4f7f75288fd94e9b8bbe5b9a521b5efa7684002000410064006f006200650020005000440046002065876863900275284e8e9ad88d2891cf76845370524d53705237300260a853ef4ee54f7f75280020004100630072006f0062006100740020548c002000410064006f00620065002000520065006100640065007200200035002e003000204ee553ca66f49ad87248672c676562535f00521b5efa768400200050004400460020658768633002gt CHT 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geoptimaliseerd voor prepress-afdrukken van hoge kwaliteit De gemaakte PDF-documenten kunnen worden geopend met Acrobat en Adobe Reader 50 en hoger) NOR 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 PTB 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68 U.S. International Transactions October 2012 October/1012...· 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (2)

69 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

A Balance of payments adjustments to Census trade data EXPORTS

1 Exports of goods Census basis 1 1480432 2 Plus Balance of payments adjustments net 16974 3 Exports under US military agency sales contracts 2 1090 4 Gold exports nonmonetary 168 5 Goods procured in US ports by foreign carriers 18135 6 Low-value transactions 3 7 Private gift parcel remittances 1481 8 Repair of equipment ndash4152 9 Other adjustments net 4 252

10 Equals Exports of goods balance of payments basis (table 1 line 3) 1497406 IMPORTS

11 Imports of goods Census basis (general imports) 1 2207824 12 Plus Balance of payments adjustments net 27995 13 Gold imports nonmonetary 1 14 Goods procured in foreign ports by US carriers 14484 15 Imports by US military agencies 2 4932 16 Inland freight in Canada and Mexico 6811 17 Locomotives and railcars 1963 18 Low-value transactions 3 19 Repair of equipment ndash3119 20 Software revaluation 3154 21 Other adjustments net 5 ndash231 22 Equals Imports of goods balance of payments basis (table 1 line 20) 2235819 B Trade in goods by area and country balance of payments basis 6

EXPORTS 1 Total all countries (Andash10) 1497406 2 Europe 335393 3 European Union 273167 4 Euro area 198248 5 Austria 2913 6 Belgium 29919 7 Finland 3216 8 France 28490 9 Germany 49626

10 Greece 1396 11 Ireland 7746 12 Italy 16246 13 Luxembourg 1597 14 Netherlands 42632 15 Norway 3903 16 Portugal 1399 17 Russia 8384 18 Spain 10905 19 Sweden 5471 20 Switzerland 24992 21 Turkey 15536 22 United Kingdom 57036 23 Other Europe 23985 24 Canada 7 282277 25 Latin America and Other Western Hemisphere 368416 26 South and Central America 345332 27 Argentina 9927 28 Brazil 42821 29 Chile 16269 30 Colombia 14544 31 Mexico 198711 32 Venezuela 12338 33 Other 50722 34 Other Western Hemisphere 23084 35 Asia and Pacific 418116 36 Australia 27463 37 China 105263 38 Hong Kong 37687 39 India 21616 40 Indonesia 7406 41 Japan 67204 42 Korea Republic of 45150 43 Malaysia 14258 44 Philippines 7757 45 Singapore 31373 46 Taiwan 27113 47 Thailand 10918 48 Other 14907 49 Middle East 59397 50 Israel 14196 51 Saudi Arabia 14012 52 Other 31188 53 Africa 33808 54 Algeria 1585 55 Nigeria 4924 56 South Africa 7259 57 Other 20041 58 International organizations and unallocated 0

Memorandum 59 Members of OPEC 65370

351554 4607

924 0

4333

349 ndash1055

56 356161

509337 6275

0 3132 1077 1813

244

ndash666 724 ndash51

515612

356161 80553 65596 47860

563 7100

648 7094

12051 321

2328 3966

367 9786 1114

391 1661 2851 1331 5843 4125

13400 5613

67131 85254 79131 2015 9660 3472 3558

46285 2459

11682 6123

100679 5782

26228 8656 4561 1820

16537 10577 3794 1907 7158 7066 2920 3673

13973 3571 3175 7228 8571

322 1163 2077 5008

14584

371105 373979 383794 4449 4475 3443

280 485 ndash599 0 0 168

4722 4610 4470

362 370 400 ndash986 ndash1054 ndash1057

71 64 62 375554 378454 387237

558824 573146 566517 7207 7461 7052

0 0 1 3901 3912 3539 1360 1314 1181 1679 1677 1641

470 559 691

ndash766 ndash765 ndash922 646 828 956 ndash82 ndash63 ndash35

566031 580607 573569

375554 378454 387237 85410 84036 85393 70232 68200 69139 50559 49115 50714

764 526 1060 7520 7517 7783

831 924 813 7555 6879 6962

12633 12052 12890 339 405 331

1727 1807 1884 4440 3841 3998

270 318 641 11057 10969 10820

1017 864 908 389 293 326

2220 2196 2308 2592 2876 2586 1527 1233 1380 5754 6597 6798 3983 3813 3615

14842 14731 14063 5950 6197 6226

72869 71505 70771 91669 94902 96590 86132 89463 90606

2523 2761 2627 10544 11724 10893

4299 4135 4363 3534 3592 3861

49552 50905 51970 3144 3302 3433

12536 13043 13460 5538 5440 5983

102177 104791 110469 6411 7200 8069

23902 25311 29822 8518 10320 10192 5988 5416 5651 1898 1805 1884

16573 16594 17501 11856 11330 11386 3777 3370 3318 1995 1906 1949 7904 8551 7760 6992 6604 6451 2621 2902 2474 3739 3482 4013

14603 14682 16139 3901 3537 3188 3350 3331 4157 7351 7815 8795 8827 8537 7874

511 485 267 1299 1242 1220 1737 1744 1700 5280 5066 4686

0 0 0

15931 16450 18405

381602 392164 4120 4055

119 53 0 0

4647 4604

378 396 ndash1101 ndash1075

78 77 385722 396218

552471 579576 6263 5986

0 0 3394 3607

656 271 1718 1667

581 688

ndash868 ndash849 778 623

3 ndash21 558734 585562

385722 396218 87682 86577 69730 69669 49682 51380

602 1101 7556 7618

712 691 7660 8321

12645 12798 281 333

2096 1936 4335 4331

574 451 9959 10548 1026 866

301 323 2444 2723 2360 2620 1381 1360 7715 7118 3528 3947

15502 13936 7004 5555

71983 76472 96426 100092 90787 94129 2111 3044

10156 10674 4494 4830 3728 3987

53214 53492 3719 4286

13364 13817 5639 5963

105377 107533 7466 7666

27268 26187 9676 10285 4892 5420 1933 2174

17713 17768 11959 11299 2944 3447 1855 2101 7417 8018 6282 6708 2441 2819 3531 3641

16202 16800 3631 3872 4500 4306 8071 8622 8052 8745

302 461 1044 1421 1826 1863 4881 4999

0 0

18167 19789

356098 4819

924 0

4545

349 ndash1055

56 360917

535750 6525

0 3406 1077 1720

244

ndash666 794 ndash51

542276

360917 81907 66765 48716

578 7236

657 7245

12280 329

2370 4032

376 9938 1127

394 1676 2874 1359 5927 4147

13630 5730

68076 86479 80292

2061 9852 3524 3602

46928 2496

11828 6187

101714 5907

26445 8805 4643 1786

16616 10638

3858 1909 7324 7146 2956 3682

14150 3624 3197 7329 8591

320 1152 2128 4991

14748

367839 377783 378712 4322 4378 3455

280 485 ndash599 0 0 168

4595 4513 4482

362 370 400 ndash986 ndash1054 ndash1057

71 64 62 372160 382161 382167

552165 555534 564374 7179 7244 7047

0 0 1 3723 3704 3651 1360 1314 1181 1688 1725 1679

470 559 691

ndash766 ndash765 ndash922 787 771 802 ndash82 ndash63 ndash35

559344 562778 571421

372160 382161 382167 84378 84388 84720 69339 68457 68606 49926 49301 50305

751 528 1055 7416 7540 7727

821 929 809 7449 6883 6913

12469 12082 12794 333 406 328

1701 1809 1867 4388 3867 3959

268 320 633 10934 11025 10735 1004 868 904

387 299 319 2206 2236 2265 2575 2905 2551 1506 1237 1369 5686 6604 6775 3971 3844 3575

14642 14786 13978 5871 6220 6164

72154 72137 69911 90768 95790 95379 85271 90250 89518 2485 2769 2611

10399 11747 10823 4245 4167 4332 3496 3618 3828

49092 51425 51265 3115 3340 3386

12437 13183 13273 5497 5539 5860

101598 106313 108490 6325 7247 7984

23853 25775 29190 8437 10406 10038 5907 5448 5618 1917 1877 1827

16575 16937 17076 11792 11516 11204 3732 3395 3273 1995 1964 1889 7782 8568 7699 6947 6680 6340 2598 2932 2432 3738 3567 3920

14459 14833 15955 3846 3566 3161 3326 3374 4116 7288 7893 8679 8804 8701 7713

511 487 267 1306 1276 1191 1710 1746 1674 5277 5191 4581

0 0 0

15803 16645 18174

384197 390172 4327 3938

119 53 0 0

4853 4487

378 396 ndash1101 ndash1075

78 77 388523 394110

576294 573947 6527 5953

0 0 3662 3439

656 271 1644 1663

581 688

ndash868 ndash849 848 762

3 ndash21 582821 579899

388523 394110 88698 85622 70573 68841 50252 50772

612 1081 7640 7517

720 682 7756 8198

12773 12648 283 329

2115 1916 4388 4285

567 442 10099 10433 1039 853

302 323 2453 2737 2392 2612 1395 1345 7833 7012 3543 3945

15725 13764 7062 5500

72575 76025 97284 99512 91641 93535 2161 3004

10262 10531 4553 4773 3762 3954

53691 53246 3746 4274

13466 13753 5643 5978

105596 107475 7537 7581

27100 26276 9759 10221 4954 5358 1907 2210

17727 17907 11998 11306 2976 3417 1840 2131 7492 7911 6292 6681 2466 2809 3548 3668

16329 16669 3687 3827 4542 4271 8100 8571 8040 8806

301 466 1035 1430 1844 1845 4861 5066

0 0

18250 19700

See the footnotes on pages 92ndash93

70 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

IMPORTS 60 Total all countries (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 61 Europe 453605 104429 119053 112510 117614 112101 115955 109336 117931 109367 116971 116614 115035 62 European Union 373313 87333 96443 92837 96700 93508 96841 91350 95803 90407 95753 97092 96328 63 Euro area 289108 67727 74515 71872 74994 71916 74651 70830 74095 70028 74155 74625 74337 64 Austria 9516 2122 2381 2569 2444 2367 2335 2216 2382 2510 2409 2454 2332 65 Belgium 17735 4797 4574 4241 4122 4052 4720 5013 4520 4122 4079 4204 4666 66 Finland 4431 1111 1207 1113 1000 1475 1201 1163 1196 1083 989 1553 1194 67 France 40676 9490 10265 9710 11211 10437 10392 9905 10223 9470 11078 10830 10359 68 Germany 99425 23252 24172 25214 26788 25847 26352 24257 24126 24601 26441 26760 26322 69 Greece 1881 378 425 738 339 408 352 400 421 718 342 422 347 70 Ireland 39523 9412 10166 9580 10366 8556 9125 9854 10142 9328 10199 8883 9105 71 Italy 34327 7739 9135 8604 8849 8372 9814 8093 9081 8400 8754 8668 9769 72 Luxembourg 475 157 129 100 90 128 113 160 127 98 90 131 113 73 Netherlands 24044 5363 7233 5726 5722 6021 6046 5674 7111 5546 5713 6295 5962 74 Norway 8227 1822 2274 1796 2334 1899 1700 1910 2199 1720 2399 2017 1638 75 Portugal 2584 606 670 627 681 777 498 634 659 607 684 812 493 76 Russia 34652 7210 9531 8808 9104 6687 7842 7644 9195 8400 9414 7133 7550 77 Spain 11297 2494 3230 2886 2687 2753 2940 2619 3185 2799 2694 2865 2913 78 Sweden 11568 2933 3242 2617 2777 2719 2793 3059 3217 2544 2748 2822 2780 79 Switzerland 24497 5430 6681 6047 6339 6895 6356 5666 6676 5906 6249 7123 6346 80 Turkey 5215 1269 1392 1280 1274 1626 1648 1329 1384 1246 1256 1688 1641 81 United Kingdom 51878 11907 13306 13004 13660 13629 13684 12485 13133 12624 13636 14198 13514 82 Other Europe 31653 6937 9039 7850 7826 7452 8045 7254 8955 7646 7797 7756 7991 83 Canada 7 320538 77595 80984 81177 80783 83734 84094 81620 79811 78334 80773 87678 83043 84 Latin America and Other Western Hemisphere 442901 102959 114163 113476 112303 115705 116132 108454 112373 109579 112495 121024 114781 85 South and Central America 423127 98398 108946 108069 107714 110971 111886 103639 107251 104365 107872 116057 110597 86 Argentina 4582 1126 1071 1159 1225 1109 1050 1187 1057 1116 1222 1155 1032 87 Brazil 31549 6255 8212 8119 8963 8821 8261 6641 8028 7844 9036 9266 8112 88 Chile 9156 2652 2396 2204 1904 2538 2402 2748 2388 2146 1873 2633 2404 89 Colombia 23324 4837 5944 5878 6665 6452 6500 5106 5756 5598 6863 6848 6283 90 Mexico 267345 62891 68055 67703 68695 70579 72443 65970 67486 65685 68205 73500 72045 91 Venezuela 43391 10392 12300 11115 9585 10389 9011 11184 11715 10470 10022 11082 8642 92 Other 43780 10245 10969 11890 10676 11083 12221 10803 10821 11505 10651 11573 12079 93 Other Western Hemisphere 19774 4561 5216 5407 4589 4734 4246 4815 5123 5214 4623 4967 4185 94 Asia and Pacific 818921 185293 199518 218861 215249 202330 216305 194274 198948 213643 212057 209997 215944 95 Australia 10437 2171 2650 2836 2780 2307 2539 2262 2649 2764 2762 2394 2528 96 China 400642 86508 97074 109296 107763 94271 104182 90904 96904 106766 106068 97818 104058 97 Hong Kong 4891 1098 1348 1167 1278 1280 1411 1150 1340 1142 1260 1338 1403 98 India 36338 7955 10066 9639 8678 9532 10415 8333 10001 9412 8592 9919 10365 99 Indonesia 19147 4769 4823 4914 4641 4568 4429 4987 4801 4789 4570 4742 4426

100 Japan 131836 32951 27313 34276 37296 38178 36813 34444 27230 33413 36749 39615 36772 101 Korea Republic of 57454 12997 15495 14669 14293 13926 15897 13612 15409 14317 14117 14467 15841 102 Malaysia 25902 6238 6515 6577 6572 6292 6319 6515 6501 6417 6470 6527 6310 103 Philippines 9342 2199 2402 2398 2343 2424 2442 2295 2395 2342 2309 2514 2438 104 Singapore 20081 4756 5031 5238 5055 5239 5138 4991 4999 5099 4991 5430 5123 105 Taiwan 41526 9376 11243 10908 9998 8870 10234 9828 11214 10654 9830 9200 10225 106 Thailand 24916 5926 6320 6890 5780 6086 6814 6195 6304 6725 5692 6316 6799 107 Other 36410 8348 9237 10053 8771 9357 9673 8758 9201 9804 8647 9718 9657 108 Middle East 106531 21725 27422 30073 27311 27874 34059 23251 26437 28676 28167 29520 32795 109 Israel 23156 5509 6391 5676 5580 5107 5898 5764 6359 5535 5498 5298 5860 110 Saudi Arabia 47564 9688 11487 13610 12779 14126 16137 10476 10893 12869 13326 15086 15419 111 Other 35811 6528 9544 10787 8952 8641 12024 7012 9184 10272 9343 9136 11515 112 Africa 93323 23611 24892 24510 20309 16991 19017 25341 23844 23179 20958 17989 18301 113 Algeria 14629 4350 4357 3261 2661 3054 2777 4659 4147 3054 2769 3240 2652 114 Nigeria 33908 8988 9086 8979 6855 4235 5755 9720 8624 8403 7162 4520 5497 115 South Africa 9539 2147 2487 2471 2434 2100 2192 2241 2484 2417 2396 2169 2188 116 Other 35247 8125 8963 9800 8359 7602 8293 8721 8589 9306 8631 8061 7964 117 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

118 Members of OPEC 193947 44375 51347 52733 45493 44906 51650 47887 48859 49723 47478 47823 49382

See the footnotes on pages 92ndash93

71 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

BALANCE (EXCESS OF EXPORTS +) 119 Total all countries ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 120 Europe ndash118212 ndash23876 ndash33643 ndash28473 ndash32220 ndash24419 ndash29378 ndash27429 ndash33554 ndash24979 ndash32251 ndash27916 ndash29412 121 European Union ndash100146 ndash21737 ndash26212 ndash24637 ndash27560 ndash23778 ndash27171 ndash24585 ndash26464 ndash21950 ndash27147 ndash26519 ndash27487 122 Euro area ndash90860 ndash19867 ndash23957 ndash22757 ndash24280 ndash22234 ndash23271 ndash22114 ndash24170 ndash20727 ndash23850 ndash24373 ndash23565 123 Austria ndash6604 ndash1559 ndash1617 ndash2043 ndash1385 ndash1765 ndash1234 ndash1638 ndash1631 ndash1981 ndash1354 ndash1842 ndash1251 124 Belgium 12184 2303 2946 3275 3660 3505 2898 2223 2896 3418 3648 3436 2852 125 Finland ndash1215 ndash464 ndash376 ndash189 ndash187 ndash763 ndash509 ndash506 ndash376 ndash154 ndash180 ndash833 ndash511 126 France ndash12186 ndash2396 ndash2710 ndash2831 ndash4250 ndash2777 ndash2071 ndash2660 ndash2774 ndash2587 ndash4165 ndash3074 ndash2161 127 Germany ndash49799 ndash11201 ndash11539 ndash13162 ndash13897 ndash13202 ndash13555 ndash11977 ndash11657 ndash12518 ndash13647 ndash13987 ndash13674 128 Greece ndash485 ndash57 ndash86 ndash333 ndash9 ndash126 ndash18 ndash72 ndash87 ndash312 ndash13 ndash139 ndash18 129 Ireland ndash31777 ndash7084 ndash8439 ndash7772 ndash8482 ndash6461 ndash7190 ndash7484 ndash8442 ndash7519 ndash8332 ndash6768 ndash7190 130 Italy ndash18081 ndash3773 ndash4695 ndash4763 ndash4850 ndash4038 ndash5483 ndash4061 ndash4693 ndash4533 ndash4794 ndash4280 ndash5483 131 Luxembourg 1121 210 142 218 551 445 338 216 140 222 543 436 329 132 Netherlands 18588 4423 3824 5242 5098 3938 4502 4264 3823 5478 5022 3803 4471 133 Norway ndash4325 ndash709 ndash1258 ndash932 ndash1426 ndash873 ndash834 ndash783 ndash1195 ndash851 ndash1495 ndash977 ndash785 134 Portugal ndash1185 ndash215 ndash281 ndash335 ndash355 ndash475 ndash174 ndash240 ndash272 ndash308 ndash365 ndash510 ndash170 135 Russia ndash26268 ndash5550 ndash7311 ndash6612 ndash6796 ndash4243 ndash5119 ndash5968 ndash6989 ndash6163 ndash7149 ndash4680 ndash4813 136 Spain ndash392 357 ndash638 ndash10 ndash101 ndash393 ndash319 254 ndash609 106 ndash143 ndash473 ndash301 137 Sweden ndash6097 ndash1601 ndash1715 ndash1384 ndash1397 ndash1338 ndash1433 ndash1700 ndash1711 ndash1307 ndash1379 ndash1427 ndash1435 138 Switzerland 495 413 ndash927 550 459 820 762 261 ndash989 698 525 711 665 139 Turkey 10322 2857 2591 2533 2341 1902 2299 2819 2586 2598 2319 1856 2304 140 United Kingdom 5158 1493 1536 1726 403 1873 252 1145 1510 2162 342 1527 250 141 Other Europe ndash7667 ndash1324 ndash3090 ndash1654 ndash1599 ndash447 ndash2490 ndash1524 ndash3084 ndash1426 ndash1633 ndash694 ndash2491 142 Canada 7 ndash38261 ndash10463 ndash8115 ndash9671 ndash10011 ndash11751 ndash7622 ndash13544 ndash7657 ndash6198 ndash10863 ndash15102 ndash7018 143 Latin America and Other Western Hemisphere ndash74486 ndash17705 ndash22493 ndash18574 ndash15713 ndash19279 ndash16040 ndash21975 ndash21605 ndash13789 ndash17116 ndash23739 ndash15269 144 South and Central America ndash77796 ndash19267 ndash22815 ndash18606 ndash17108 ndash20184 ndash17757 ndash23347 ndash21979 ndash14115 ndash18354 ndash24416 ndash17062 145 Argentina 5345 889 1452 1602 1402 1002 1995 875 1428 1653 1389 1005 1972 146 Brazil 11272 3405 2332 3605 1930 1335 2413 3211 2372 3903 1787 997 2419 147 Chile 7113 820 1903 1931 2459 1956 2428 776 1857 2020 2459 1920 2369 148 Colombia ndash8780 ndash1279 ndash2410 ndash2286 ndash2805 ndash2724 ndash2513 ndash1505 ndash2259 ndash1980 ndash3036 ndash3086 ndash2329 149 Mexico ndash68634 ndash16607 ndash18503 ndash16798 ndash16725 ndash17365 ndash18951 ndash19041 ndash18394 ndash14260 ndash16939 ndash19809 ndash18799 150 Venezuela ndash31053 ndash7933 ndash9156 ndash7813 ndash6152 ndash6670 ndash4725 ndash8688 ndash8600 ndash7130 ndash6636 ndash7337 ndash4367 151 Other 6942 1437 1567 1154 2784 2282 1595 1025 1616 1678 2622 1893 1674 152 Other Western Hemisphere 3310 1562 321 32 1394 905 1717 1373 374 326 1238 676 1793 153 Asia and Pacific ndash400805 ndash84615 ndash97341 ndash114070 ndash104780 ndash96953 ndash108773 ndash92559 ndash97350 ndash107329 ndash103567 ndash104401 ndash108469 154 Australia 17025 3611 3761 4364 5289 5159 5127 3644 3676 4483 5222 5143 5053 155 China ndash295378 ndash60280 ndash73172 ndash83985 ndash77941 ndash67003 ndash77995 ndash64459 ndash73051 ndash80991 ndash76877 ndash70718 ndash77783 156 Hong Kong 32796 7558 7170 9153 8914 8396 8875 7655 7097 9265 8778 8422 8818 157 India ndash14722 ndash3394 ndash4078 ndash4223 ndash3027 ndash4640 ndash4994 ndash3691 ndash4094 ndash3963 ndash2974 ndash4965 ndash5007 158 Indonesia ndash11741 ndash2949 ndash2925 ndash3109 ndash2757 ndash2635 ndash2255 ndash3200 ndash2884 ndash2913 ndash2744 ndash2834 ndash2216 159 Japan ndash64632 ndash16415 ndash10739 ndash17683 ndash19795 ndash20465 ndash19045 ndash17828 ndash10655 ndash16476 ndash19673 ndash21888 ndash18866 160 Korea Republic of ndash12304 ndash2420 ndash3639 ndash3339 ndash2907 ndash1967 ndash4598 ndash2974 ndash3617 ndash2801 ndash2913 ndash2469 ndash4534 161 Malaysia ndash11644 ndash2445 ndash2738 ndash3207 ndash3254 ndash3348 ndash2872 ndash2657 ndash2769 ndash3021 ndash3197 ndash3551 ndash2893 162 Philippines ndash1585 ndash292 ndash407 ndash492 ndash394 ndash569 ndash341 ndash386 ndash401 ndash378 ndash421 ndash674 ndash307 163 Singapore 11292 2401 2873 3313 2704 2178 2880 2333 2782 3469 2708 2062 2788 164 Taiwan ndash14413 ndash2310 ndash4251 ndash4304 ndash3547 ndash2587 ndash3526 ndash2682 ndash4267 ndash3974 ndash3490 ndash2908 ndash3544 165 Thailand ndash13997 ndash3006 ndash3698 ndash3987 ndash3306 ndash3645 ndash3995 ndash3238 ndash3706 ndash3792 ndash3261 ndash3850 ndash3990 166 Other ndash21503 ndash4675 ndash5498 ndash6571 ndash4758 ndash5826 ndash6032 ndash5076 ndash5463 ndash6237 ndash4727 ndash6170 ndash5989 167 Middle East ndash47134 ndash7752 ndash12819 ndash15391 ndash11172 ndash11672 ndash17258 ndash9102 ndash11977 ndash13843 ndash12212 ndash13191 ndash16126 168 Israel ndash8960 ndash1938 ndash2490 ndash2139 ndash2393 ndash1476 ndash2026 ndash2140 ndash2513 ndash1969 ndash2337 ndash1611 ndash2033 169 Saudi Arabia ndash33551 ndash6514 ndash8137 ndash10279 ndash8622 ndash9626 ndash11831 ndash7278 ndash7568 ndash9495 ndash9211 ndash10544 ndash11148 170 Other ndash4623 700 ndash2193 ndash2973 ndash157 ndash570 ndash3402 317 ndash1897 ndash2379 ndash664 ndash1036 ndash2944 171 Africa ndash59514 ndash15040 ndash16065 ndash15973 ndash12436 ndash8938 ndash10272 ndash16750 ndash15041 ndash14479 ndash13245 ndash9949 ndash9495 172 Algeria ndash13044 ndash4028 ndash3846 ndash2776 ndash2394 ndash2752 ndash2316 ndash4339 ndash3637 ndash2567 ndash2502 ndash2938 ndash2186 173 Nigeria ndash28984 ndash7826 ndash7787 ndash7737 ndash5635 ndash3191 ndash4333 ndash8568 ndash7318 ndash7127 ndash5971 ndash3485 ndash4067 174 South Africa ndash2280 ndash69 ndash750 ndash727 ndash734 ndash274 ndash329 ndash112 ndash774 ndash671 ndash722 ndash325 ndash343 175 Other ndash15207 ndash3117 ndash3683 ndash4734 ndash3673 ndash2722 ndash3293 ndash3730 ndash3312 ndash4114 ndash4050 ndash3200 ndash2898 176 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

177 Members of OPEC ndash128577 ndash29791 ndash35416 ndash36283 ndash27088 ndash26739 ndash31860 ndash33139 ndash33056 ndash33078 ndash29304 ndash29573 ndash29683

See the footnotes on pages 92ndash93

72 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basis 1 Exports of goods balance of payments basis (Andash10) 1497406 356161 375554 378454 387237 385722 396218 360917 372160 382161 382167 388523 394110 2 Agricultural products 140023 38666 33709 30327 37321 36055 33171 36481 35600 33943 33999 33793 36719 3 Nonagricultural products 1357383 317495 341846 348127 349916 349667 363047 324436 336561 348218 348168 354731 357391 4 Foods feeds and beverages 126220 32958 29577 29071 34613 31647 29781 31850 31925 31303 31142 30471 33736 5 Agricultural 117356 31140 27595 26287 32334 29660 27692 29768 29712 29045 28831 28192 31400 6 Grains and preparations 36226 9289 10329 8729 7879 7375 7723 9063 10337 8664 8162 7065 7765 7 Wheat 11313 3109 3720 2663 1821 1874 2384 3211 3732 2372 1998 1885 2385 8 Corn 14842 3254 4122 3785 3682 3231 3054 3196 4038 3785 3824 3146 2981 9 Soybeans 18064 7129 2007 1840 7089 6235 3262 5361 4122 4261 4321 4542 6924

10 Meat products and poultry 17133 3765 4060 4601 4707 4393 4439 4031 4037 4496 4570 4642 4417 11 Vegetables fruits nuts and preparations 20491 4867 4951 4565 6108 5217 5343 4951 5049 5165 5326 5246 5466 12 Other agricultural foods feeds and beverages 25441 6091 6247 6552 6551 6440 6924 6363 6167 6459 6452 6697 6828 13 Nonagricultural (fish distilled beverages etc) 8864 1817 1983 2784 2280 1987 2089 2081 2213 2258 2312 2279 2336 14 Fish and shellfish 5698 1125 1200 1926 1447 1201 1224 1311 1406 1463 1519 1406 1444 15 Industrial supplies and materials 518676 121966 131314 135333 130063 131504 134599 123792 128577 133876 132431 132627 131996 16 Agricultural 22244 7410 5980 3975 4878 6287 5362 6610 5775 4799 5060 5503 5221 17 Raw cotton 8469 3806 2582 810 1271 2523 1777 3204 2206 1276 1783 1946 1430 18 Tobacco unmanufactured 1122 330 305 136 351 412 169 200 341 339 241 300 220 19 Hides and skins including furskins 2663 658 774 640 591 685 872 624 720 673 646 642 817 20 Other agricultural industrial supplies 9990 2617 2319 2388 2665 2667 2544 2582 2507 2510 2390 2615 2755 21 Nonagricultural 496433 114556 125333 131358 125185 125217 129238 117182 122802 129077 127371 127124 126776 22 Energy products 157771 34269 39460 41678 42364 40088 42789 35125 39133 41363 42150 40917 42545 23 Coal and related products 16857 3894 4384 4286 4293 4450 5310 4115 4354 4244 4143 4814 5308 24 Petroleum and products 131376 27910 32568 34911 35987 33861 35966 28544 32271 34639 35923 34326 35723 25 Natural gas 6438 1750 1775 1591 1322 1255 1005 1750 1775 1591 1322 1255 1005 26 Paper and paper base stocks 23618 5885 6085 6015 5632 5748 5700 5992 6046 5908 5672 5816 5656 27 Textile supplies and related materials 14380 3536 3769 3715 3361 3531 3592 3601 3605 3635 3539 3578 3436 28 Chemicals excluding medicinals 123148 29603 31694 31633 30218 30400 31200 29905 30771 31160 31311 30361 30271 29 Building materials except metals 13678 3299 3650 3519 3210 3343 3541 3411 3463 3438 3366 3421 3358 30 Other nonmetals 32625 7818 8397 8395 8015 8452 8836 7983 8123 8266 8253 8545 8549 31 Metals and nonmetallic products 131211 30146 32278 36403 32385 33655 33580 31165 31661 35306 33080 34485 32961 32 Steelmaking materials 14849 3056 4334 4141 3318 3173 3604 3479 3923 3846 3602 3547 3234 33 Iron and steel products 19626 4683 4981 4988 4974 5315 5190 4711 4790 4948 5177 5311 4995 34 Nonferrous metals 72291 16614 16676 20939 18062 18882 18105 17017 16826 20327 18120 19230 18230 35 Nonmonetary gold 34255 7723 6900 10528 9104 10319 9145 7723 6900 10528 9104 10319 9145 36 Other precious metals 11156 2700 3095 3009 2353 2246 2264 2700 3095 3009 2353 2246 2264 37 Other nonferrous metals 26880 6191 6682 7402 6605 6317 6696 6594 6832 6791 6663 6665 6821 38 Other metals and nonmetallic products 24446 5793 6286 6336 6032 6286 6682 5959 6122 6185 6181 6397 6503 39 Capital goods except automotive 493233 115207 123608 124660 129758 128919 132615 118335 122542 125479 126877 131210 131273 40 Machinery and equipment except consumer-type 407641 96292 102562 103155 105632 104886 108966 98818 101757 103184 103883 106531 107954 41 Electric generating machinery electric apparatus and parts 48291 11424 12171 12325 12371 12647 13535 11617 12087 12194 12393 12726 13436 42 Oil drilling mining and construction machinery 32927 7146 8257 8508 9016 8916 9634 7332 8063 8444 9090 9075 9413 43 Industrial engines pumps and compressors 28138 6329 7164 7143 7502 7521 7406 6616 7023 7197 7301 7770 7253 44 Machine tools and metalworking machinery 7759 1844 1952 2011 1951 1880 2001 1924 1912 2027 1896 1937 1958 45 Measuring testing and control instruments 23820 5767 5964 5905 6184 6201 6220 5883 5904 5957 6076 6262 6138 46 Other industrial agricultural and service industry machinery 91593 21397 23943 23125 23127 24009 25711 21832 22991 23299 23471 24310 24635 47 Computers peripherals and parts 48401 11350 11784 12251 13016 12543 12172 11833 12186 12301 12081 12960 12578 48 Semiconductors 44959 11363 11174 11509 10913 10396 10674 11849 11184 11139 10787 10701 10697 49 Telecommunications equipment 35873 8471 8725 9177 9500 9030 9647 8654 8871 9119 9229 9094 9806 50 Other office and business machines 3182 808 776 774 824 792 823 826 795 773 789 808 840 51 Scientific hospital and medical equipment and parts 42697 10391 10652 10426 11228 10952 11141 10452 10741 10735 10769 10888 11202 52 Civilian aircraft engines and parts 80177 17723 19676 20237 22542 22597 22157 18325 19415 21028 21410 23243 21827 53 Civilian aircraft complete all types 33372 6555 8074 8457 10286 10065 10013 6996 7884 9185 9307 10748 9757 54 Other transportation equipment 5414 1193 1371 1267 1583 1435 1492 1193 1371 1267 1583 1435 1492 55 Automotive vehicles parts and engines 133116 31447 33683 32859 35127 35837 38765 31831 32511 34368 34406 36463 37503 56 To Canada 54479 13917 14305 13195 13062 14472 16126 13685 13318 14023 13452 14198 15114 57 Passenger cars new and used 12275 3120 3390 2977 2788 2892 3623 3118 3057 3237 2863 2907 3274 58 Trucks buses and special purpose vehicles 13841 3292 3925 3427 3197 3760 4232 3520 3597 3573 3151 4010 3878 59 Engines and engine parts 5068 1365 1206 1216 1281 1490 1587 1281 1176 1295 1316 1379 1561 60 Other parts and accessories 23295 6140 5784 5575 5795 6330 6685 5766 5488 5918 6122 5902 6400 61 To other areas 78636 17530 19378 19664 22065 21364 22639 18146 19192 20345 20954 22266 22389 62 Passenger cars new and used 35085 7550 8829 8283 10423 9685 10545 8006 8725 8805 9549 10395 10400 63 Trucks buses and special purpose vehicles 5547 964 1239 1509 1836 1238 1350 1106 1345 1500 1596 1407 1443 64 Engines and engine parts 9651 2349 2407 2462 2432 2608 2606 2351 2356 2510 2433 2614 2555 65 Other parts and accessories 28353 6667 6903 7410 7374 7834 8137 6682 6766 7529 7376 7850 7991 66 Consumer goods (nonfood) except automotive 174957 41794 44642 43688 44834 44212 46605 42263 43894 44288 44512 44092 45764 67 Nondurable goods 77687 18512 19736 19719 19720 19459 20939 18527 19546 19791 19823 19237 20706 68 Apparel footwear and household goods 9413 2147 2268 2516 2481 2443 2470 2221 2321 2404 2466 2498 2528 69 Medicinal dental and pharmaceutical products 44948 10827 11720 11099 11301 11184 12446 10548 11395 11499 11506 10742 12057 70 Other nondurable goods 23327 5537 5747 6103 5939 5832 6024 5759 5830 5887 5850 5997 6121 71 Durable goods 97271 23282 24905 23969 25114 24753 25666 23736 24348 24497 24689 24855 25057 72 Televisions video receivers and other video equipment 5703 1260 1322 1519 1603 1271 1192 1382 1391 1494 1436 1377 1263 73 Radio and stereo equipment including records tapes and disks 5465 1228 1187 1311 1738 1203 1267 1333 1337 1370 1424 1297 1418 74 Toys and sporting goods including bicycles 10512 2463 2531 2597 2921 2482 2515 2568 2546 2649 2749 2550 2534 75 Household and kitchen appliances and other household goods 34060 8089 8573 8567 8831 8992 9189 8244 8463 8647 8705 9035 9085 76 Household furnishings and related products 4127 959 1020 1080 1068 1086 1145 996 1031 1046 1054 1115 1157 77 Household and kitchen appliances 6886 1534 1717 1835 1800 1700 1828 1689 1713 1751 1734 1838 1824 78 Other household goods including cell phones 23047 5596 5836 5652 5963 6206 6216 5559 5719 5850 5918 6082 6103 79 Gems jewelry and collectibles 17327 4299 4476 3969 4583 4794 5187 4130 4334 4389 4474 4636 4990 80 Other durable goods 24205 5942 6817 6006 5438 6011 6317 6079 6277 5947 5901 5961 5768 81 Exports nec 51205 12789 12730 12843 12842 13603 13853 12847 12712 12847 12799 13661 13838

See the footnotes on pages 92ndash93

73 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashTable Ends [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basismdashContinues

82 Imports of goods balance of payments basis (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 83 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 84 Nonpetroleum products 1773529 412034 440609 459509 461377 447008 468878 430839 439978 448588 454124 463448 468549 85 Foods feeds and beverages 108242 25760 27746 26237 28499 28110 28088 25805 27188 27067 28181 28014 27558 86 Agricultural 84591 20731 21951 20052 21857 22609 22071 20143 21240 21082 22125 21904 21370 87 Coffee cocoa and sugar 11136 2720 2938 2648 2830 2800 2408 2507 2933 2769 2927 2559 2413 88 Green coffee 6908 1621 1807 1581 1899 1760 1511 1441 1795 1683 1989 1567 1515 89 Meat products and poultry 7740 1832 2080 1902 1926 2200 2351 1842 1977 1973 1947 2190 2226 90 Vegetables fruits nuts and preparations 23649 6630 6227 4963 5829 7003 6484 5642 5855 6010 6141 5972 6121 91 Wine beer and related products 8590 1981 2247 2146 2216 2095 2294 2176 2119 2110 2186 2268 2177 92 Other agricultural foods feeds and beverages 33476 7568 8459 8394 9055 8511 8533 7976 8355 8220 8924 8914 8434 93 Nonagricultural (fish distilled beverages etc) 23651 5029 5795 6184 6642 5500 6017 5662 5948 5985 6056 6110 6188 94 Fish and shellfish 16597 3530 4011 4476 4580 3881 4217 3963 4168 4217 4249 4286 4395 95 Whiskey and other alcoholic beverages 6308 1314 1585 1540 1870 1403 1637 1511 1580 1600 1617 1607 1629 96 Industrial supplies and materials 782120 179577 208699 204576 189268 190656 198798 187994 200494 196574 197058 198977 191139 97 Agricultural 14241 3353 3741 3527 3620 4052 4244 3259 3616 3659 3707 3901 4093 98 Nonagricultural products 767879 176225 204958 201049 185648 186604 194554 184735 196878 192915 193351 195075 187046 99 Energy products 488378 110352 131653 127881 118492 116478 121100 117734 125897 121031 123715 123825 115955

100 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 101 Natural gas 15293 4689 3636 3712 3256 2829 2158 4248 3905 3845 3296 2561 2320 102 Paper and paper base stocks 12588 3045 3207 3334 3002 2886 2895 3137 3220 3214 3017 2958 2910 103 Textile supplies and related materials 13420 3089 3548 3484 3299 3344 3715 3232 3403 3395 3390 3468 3564 104 Chemicals excluding medicinals 75374 18367 19575 19169 18263 19043 19493 17460 18863 19698 19353 18191 18866 105 Building materials except metals 19879 4536 5206 5359 4778 4883 5795 4942 4873 5018 5046 5261 5447 106 Other nonmetals 29219 6712 7422 7757 7329 7228 7980 7136 7256 7383 7445 7610 7808 107 Metals and nonmetallic products 129020 30123 34347 34065 30485 32742 33576 31094 33366 33175 31385 33763 32496 108 Steelmaking materials 9050 2144 2488 2418 2000 2575 2213 2369 2323 2214 2144 2884 2046 109 Iron and steel products 37273 8165 10328 9764 9015 10357 10933 8554 9930 9423 9366 10824 10460 110 Nonferrous metals 61184 15111 15824 15955 14294 14278 14356 15226 15628 15820 14510 14302 14163 111 Nonmonetary gold 16391 3806 4053 4278 4254 3910 4361 3806 4053 4278 4254 3910 4361 112 Other precious metals 15678 3972 4064 4041 3601 3517 3003 4056 4078 3953 3590 3526 3011 113 Bauxite and aluminum 11579 2688 2989 3147 2754 2927 2966 2707 2785 3116 2972 2939 2767 114 Other nonferrous metals 17537 4645 4718 4489 3685 3924 4026 4657 4713 4473 3693 3927 4024 115 Other metals and nonmetallic products 21513 4704 5707 5927 5176 5532 6074 4945 5484 5719 5365 5752 5826 116 Capital goods except automotive 513368 116979 128626 132280 135484 132112 140910 123222 127620 129474 133053 137656 139854 117 Machinery and equipment except consumer-type 473137 107833 118972 122649 123683 121873 129709 113981 118036 119892 121228 127381 128719 118 Electric generating machinery electric apparatus and parts 59464 13657 14970 15627 15210 15250 16664 14545 14864 14854 15201 16081 16530 119 Oil drilling mining and construction machinery 21829 4653 5572 5790 5815 6824 7482 4691 5473 5731 5933 6848 7371 120 Industrial engines pumps and compressors 21406 5112 5206 5589 5500 5887 6389 5081 5119 5537 5669 5782 6304 121 Machine tools and metalworking machinery 9744 1894 2323 2508 3019 2774 2954 2035 2326 2485 2898 2943 2951 122 Measuring testing and control instruments 17527 4063 4346 4630 4488 4433 4666 4224 4375 4523 4406 4555 4707 123 Other industrial agricultural and service industry machinery 94073 21983 23660 24097 24333 24786 26619 22536 23040 23975 24523 25138 25986 124 Computers peripherals and parts 119710 26133 30498 31186 31892 29301 31436 28539 30366 30452 30354 31631 31261 125 Semiconductors 40411 9578 10045 10304 10484 10741 9853 9931 10074 10094 10312 11050 9858 126 Telecommunications equipment 48494 11410 12229 12523 12332 11755 13194 12528 12268 12053 11645 12785 13271 127 Other office and business machines 4593 1043 1146 1190 1213 1068 1237 1145 1119 1140 1189 1156 1212 128 Scientific hospital and medical equipment and parts 35886 8306 8978 9205 9397 9055 9215 8725 9012 9049 9100 9413 9267 129 Civilian aircraft engines and parts 35548 8326 8555 8354 10313 8977 9683 8421 8485 8305 10337 9011 9617 130 Civilian aircraft complete all types 9892 2416 2115 1808 3553 2048 2341 2416 2115 1808 3553 2048 2340 131 Other transportation equipment 4683 820 1099 1277 1488 1263 1518 820 1099 1277 1488 1263 1518 132 Automotive vehicles parts and engines 255222 61791 58754 64585 70092 72494 74922 62945 58211 66326 67740 73526 74661 133 From Canada 56541 13990 14091 13084 15376 15749 16687 13801 13428 14128 15183 15491 15964 134 Passenger cars new and used 38453 9490 9514 8685 10763 10805 11619 9430 9054 9413 10555 10683 11102 135 Trucks buses and special purpose vehicles 2096 398 436 504 757 538 568 458 462 541 635 625 596 136 Engines and engine parts 3515 942 929 828 816 944 1017 895 863 925 832 889 947 137 Other parts and accessories 12477 3160 3211 3067 3040 3462 3483 3018 3050 3248 3161 3295 3320 138 From other areas 198681 47802 44663 51501 54716 56745 58235 49144 44782 52198 52557 58035 58697 139 Passenger cars new and used 84137 20683 16715 22201 24538 24160 24385 21961 17277 22669 22230 25694 25194 140 Trucks buses and special purpose vehicles 18142 4053 4541 4782 4767 4959 4975 4176 4448 5078 4441 5128 4919 141 Engines and engine parts 20884 4948 5072 5315 5549 5957 6074 4904 4998 5319 5663 5817 6016 142 Other parts and accessories 75518 18117 18335 19203 19862 21669 22801 18102 18059 19133 20224 21395 22567

143 Consumer goods (nonfood) except automotive 517394 117755 126831 137971 134837 119060 126166 128201 130435 128534 130223 128055 130000 144 Nondurable goods 243930 56402 60191 67581 59756 57503 59149 59672 62097 61278 60883 60174 61175 145 Apparel footwear and household goods 125735 28108 30205 37621 29801 29316 29924 30551 32234 32053 30897 31549 32079 146 Medicinal dental and pharmaceutical products 91750 22207 23190 22983 23370 21886 22152 22616 23215 22565 23355 21977 22157 147 Other nondurable goods 26445 6087 6796 6977 6584 6301 7073 6505 6649 6659 6631 6648 6939 148 Durable goods 273464 61354 66639 70390 75081 61557 67017 68529 68337 67257 69341 67881 68825 149 Televisions video receivers and other video equipment 33514 7322 8062 8332 9798 6939 8028 8947 8540 8053 7974 8367 8546 150 Radio and stereo equipment including records tapes and disks 9818 2047 2138 2585 3048 2253 2306 2530 2432 2398 2458 2754 2621 151 Toys and sporting goods including bicycles 35577 7481 7495 10007 10595 7820 7863 9089 8743 8910 8836 9350 9152 152 Household and kitchen appliances and other household goods 136399 31154 34019 34409 36817 31134 34183 33717 33631 32875 36176 33157 33816 153 Household furnishings and related products 23669 5628 6215 5949 5877 6132 6780 5814 5892 5884 6080 6247 6431 154 Household and kitchen appliances 20972 4763 5878 5311 5020 5022 6387 5106 5183 5302 5381 5324 5648 155 Other household goods including cell phones 91758 20763 21926 23148 25920 19980 21015 22798 22556 21689 24715 21586 21737 156 Gems jewelry and collectibles 23675 5299 5644 6052 6681 5429 5572 5656 6102 6097 5819 5782 6054 157 Other durable goods 34481 8051 9282 9005 8143 7981 9065 8590 8889 8923 8078 8471 8636 158 Imports nec and US goods returned 59474 13749 15377 14958 15390 16302 16679 14108 15398 14803 15165 16594 16687 159 US goods returned 41619 9417 10905 10360 10937 11821 12100 9776 10926 10206 10713 12114 12109 160 Other products including balance of payments adjustments not included

above (minimum value shipments and miscellaneous imports) 17854 4332 4472 4597 4453 4480 4578 4332 4472 4597 4453 4480 4578

See the footnotes on pages 92ndash93

74 US International Transactions October 2012

Table 3 Private Services Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Exports of private services 586839 140041 144187 156346 146265 148140 149718 143455 147028 150217 146137 150759 152382

2 Travel (table 1 line 6) 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 3 Passenger fares (table 1 line 7) 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 4 Other transportation (table 1 line 8) 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 5 Freight 21730 5062 5517 5572 5579 5276 5613 5225 5453 5537 5514 5388 5492 6 Port services 21334 5246 5304 5453 5331 5423 5431 5295 5307 5419 5313 5475 5439

7 Royalties and license fees (table 1 line 9) By type 1

120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

8 Industrial processes 2 43952 10977 10730 11069 11175 11026 11393 10977 10730 11069 11175 11026 11393 9 Other 3

By affiliation 76884 17742 19680 19137 20325 18649 19598 18427 19613 19986 18858 19403 19542

10 US parentsrsquo receipts from their foreign affiliates 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 11 US affiliatesrsquo receipts from their foreign parent groups 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362 12 US receipts from unaffiliated foreigners 43757 10584 10809 10746 11617 11122 11804 10878 10662 11603 10614 11475 11674

13 Other private services (table 1 line 10) By type 1

270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476

14 Education 22726 9345 2756 6388 4236 9930 2927 5543 5636 5732 5815 5892 5988 15 Financial services 74055 18490 18877 19012 17676 17712 17725 18490 18877 19012 17676 17712 17725 16 Insurance services 15477 3795 3771 3895 4017 3895 3943 3795 3771 3895 4017 3895 3943 17 Telecommunications 12650 3057 3138 3306 3149 3297 3324 3057 3138 3306 3149 3297 3324 18 Business professional and technical services 134416 32142 32903 33620 35751 33848 35165 34206 33462 33418 33330 35336 35775 19 Other services 4

By affiliation 10870 2658 2701 2761 2750 2700 2721 2658 2701 2761 2750 2700 2721

20 US parentsrsquo receipts from their foreign affiliates 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 21 US affiliatesrsquo receipts from their foreign parent groups 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531 22 US receipts from unaffiliated foreigners 181770 48241 42281 47247 44002 49292 42993 45688 45350 46052 44680 45928 46227

23 Imports of private services 393065 89942 100367 104120 98635 96027 105608 94984 97522 100767 99791 101605 102494 24 Travel (table 1 line 23) 78651 16469 22193 22808 17181 18430 24034 19257 19628 19895 19871 21228 21387 25 Passenger fares (table 1 line 24) 31109 7204 8241 8229 7435 8263 9446 7542 7698 7946 7923 8936 8821 26 Other transportation (table 1 line 25) 54711 13110 13634 14148 13819 13337 13837 13439 13736 13767 13769 13716 13842 27 Freight 40337 9676 10089 10445 10127 9952 10371 9909 10214 10180 10034 10237 10398 28 Port services 14374 3434 3545 3703 3692 3385 3466 3530 3522 3587 3735 3479 3444

29 Royalties and license fees (table 1 line 26) By type 1

36620 8941 8451 9274 9955 9856 9955 8921 8543 9503 9652 9859 10040

30 Industrial processes 2 22633 5211 5166 5958 6298 6134 6402 5232 5175 6073 6153 6178 6404 31 Other 3

By affiliation 13987 3729 3285 3316 3657 3722 3553 3689 3369 3430 3499 3682 3636

32 US parentsrsquo payments to their foreign affiliates 6962 1543 1625 1875 1919 1867 1945 1543 1625 1875 1919 1867 1945 33 US affiliatesrsquo payments to their foreign parent groups 19253 5032 4398 4596 5227 5220 5287 5088 4437 4834 4894 5294 5327 34 US payments to unaffiliated foreigners 10405 2365 2428 2803 2809 2769 2722 2290 2482 2794 2840 2698 2767

35 Other private services (table 1 line 27) By type 1

191973 44219 47848 49661 50246 46140 48336 45825 47916 49656 48576 47866 48404

36 Education 5888 1113 1495 1980 1300 1171 1576 1451 1463 1475 1498 1525 1543 37 Financial services 16207 4083 4212 3906 4006 3915 3973 4083 4212 3906 4006 3915 3973 38 Insurance services 56619 13495 14161 14869 14094 13203 13311 13495 14161 14869 14094 13203 13311 39 Telecommunications 7690 1973 1871 1976 1870 1806 1812 1973 1871 1976 1870 1806 1812 40 Business professional and technical services 104773 23355 25909 26729 28780 25843 27461 24623 26009 27229 26912 27214 27561 41 Other services 4

By affiliation 797 199 201 201 196 204 205 199 201 201 196 204 205

42 US parentsrsquo payments to their foreign affiliates 57245 12590 13993 14874 15789 13842 15217 13495 13874 15063 14814 14807 15091 43 US affiliatesrsquo payments to their foreign parent groups 24910 5564 6149 6184 7013 6528 6629 5774 6344 6301 6491 6779 6828 44 US payments to unaffiliated foreigners

Supplemental detail on insurance transactions

109818 26065 27707 28603 27443 25771 26490 26556 27698 28292 27271 26280 26485

45 Premiums received 5 26571 6577 6438 6662 6895 6754 6879 6577 6438 6662 6895 6754 6879 46 Actual losses paid 22043 8870 4427 4401 4345 4268 4182 8870 4427 4401 4345 4268 4182

47 Premiums paid 5 92552 21284 22845 24854 23568 22288 22844 21284 22845 24854 23568 22288 22844 48 Actual losses recovered

Memoranda

60443 14462 15095 15459 15427 15042 14369 14462 15095 15459 15427 15042 14369

49 Balance on goods (table 1 line 72) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 50 Balance on private services (line 1 minus line 23) 193774 50098 43820 52226 47629 52113 44110 48471 49506 49450 46346 49154 49889 51 Balance on goods and private services (lines 49 and 50) ndash544639 ndash109353 ndash146657 ndash149927 ndash138703 ndash120899 ndash145234 ndash132887 ndash137678 ndash131167 ndash142908 ndash145144 ndash135901

See the footnotes on pages 92ndash93

75 October 2012 SURVEY OF CURRENT BUSINESS

Table 4 Investment Income [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Income receipts on US-owned assets abroad (table 1 line 13) 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595

2 Direct investment receipts (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 3 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 4 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942

5 Other private receipts (table 1 line 15) 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803

6 Income on foreign securities 217968 50866 54343 57039 55721 56615 61114 50866 54343 57039 55721 56615 61114 7 Dividends 137315 31141 34338 36522 35315 36670 41254 31141 34338 36522 35315 36670 41254 8 Interest 80653 19725 20005 20517 20406 19945 19861 19725 20005 20517 20406 19945 19861

9 Interest on claims reported by banks and securities brokers 1 23922 5881 6123 5643 6276 5906 5207 5881 6123 5643 6276 5906 5207 10 For own claims 20941 5038 5411 4966 5526 5276 4665 5038 5411 4966 5526 5276 4665 11 For customersrsquo claims 2981 843 712 677 750 630 543 843 712 677 750 630 543

12 Interest on claims reported by nonbanking concerns 14760 3515 3658 3680 3907 3625 3481 3515 3658 3680 3907 3625 3481

13 US government receipts (table 1 line 16) 2 1923 379 502 524 518 624 499 445 506 527 444 763 499

14 Income payments on foreign-owned assets in the United States (table 1 line 30) 503796 122119 131175 127193 123310 130262 128398 124863 129835 125508 123590 133885 127173

15 Direct investment payments (table 1 line 31) 158559 37147 45195 39946 36272 41962 39144 39891 43855 38261 36552 45585 37919 16 Earnings 132889 31715 38625 33092 29457 35678 32479 33922 37236 31448 30283 38556 31221 17 Interest 25670 5432 6569 6854 6815 6284 6665 5970 6619 6813 6268 7029 6698

18 Other private payments (table 1 line 32) 212506 51501 53193 54157 53655 55396 56528 51501 53193 54157 53655 55396 56528

19 Income on US corporate securities 191403 46501 47969 49082 47851 49620 51088 46501 47969 49082 47851 49620 51088 20 Dividends 73272 17615 18297 19122 18239 20551 21994 17615 18297 19122 18239 20551 21994 21 Interest 118131 28886 29672 29961 29613 29069 29095 28886 29672 29961 29613 29069 29095

22 Interest on liabilities reported by banks and securities brokers 3 13845 3343 3421 3294 3788 3742 3488 3343 3421 3294 3788 3742 3488 23 For own liabilities 8873 2111 2116 2109 2537 2453 2298 2111 2116 2109 2537 2453 2298 24 For customersrsquo liabilities 4973 1232 1305 1185 1251 1288 1190 1232 1305 1185 1251 1288 1190

25 Interest on liabilities reported by nonbanking concerns 7258 1657 1804 1781 2016 2035 1952 1657 1804 1781 2016 2035 1952

26 US government payments (table 1 line 33) 4

Memorandum

132731 33471 32787 33090 33383 32904 32726 33471 32787 33090 33383 32904 32726

27 Balance on investment income (line 1 minus line 14) 235013 56306 60286 59989 58432 52167 59343 54465 58212 60486 61851 49345 57422

See the footnotes on pages 92ndash93

76 US International Transactions October 2012

Table 5 US Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars]

Line (Credits + decrease in US assets or increase in foreign assets Debits ndash increase in US assets or decrease in foreign assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 US official reserve assets net (table 1 line 41) ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 556620 2 Gold (table 1 line 42) 0 0 0 0 0 0 0 418006 3 Special drawing rights (table 1 line 43) 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 54341 4 Reserve position in the International Monetary Fund (table 1 line 44) ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 33930 5 Foreign currencies (table 1 line 45) 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 50343

B1 Foreign official assets in the United States net (table 1 line 56) By instrument

211826 72974 121822 19889 ndash2859 69711 83010 5446436

2 US Treasury securities (table 1 line 58) 171179 56274 104363 28115 ndash17573 85068 84870 3820294 3 Bills and certificates ndash103432 ndash44574 ndash5335 ndash25726 ndash27797 ndash724 7606 366603 4 Bonds and notes marketable 274493 100820 109668 53811 10194 85762 77233 3452104 5 Bonds and notes nonmarketable 118 28 30 30 30 30 31 1587 6 Other US government securities (table 1 line 59) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 609996 7 Other US government liabilities (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 124248 8 US liabilities reported by US banks and securities brokers (table 1 line 61) 30010 ndash3090 15764 5121 12215 ndash19305 5982 196406 9 Liabilities for own accounts 1 42762 628 12578 8708 20848 ndash19636 9591 185597

10 Repurchase agreements 41101 7350 4198 12123 17430 ndash3161 892 127866 11 Deposits and brokerage balances 2 5151 ndash1073 7768 ndash4856 3312 ndash10349 6565 51909 12 Other liabilities ndash3490 ndash5649 612 1441 106 ndash6126 2134 5822 13 Liabilities for customersrsquo accounts 1 ndash12752 ndash3718 3186 ndash3587 ndash8633 331 ndash3609 10809 14 Negotiable certificates of deposit and other short-term instruments ndash12751 ndash3718 3187 ndash3587 ndash8633 331 ndash3609 10776 15 Other liabilities ndash1 () ndash1 () () () () 33 16 Other foreign official assets (table 1 line 62)

By area

14018 5631 6638 1232 517 752 3621 695492

17 Europe 38811 23443 21041 37333 ndash43006 10712 33045 788398 18 Canada 3872 ndash212 3777 ndash2001 2308 ndash535 ndash695 25243 19 Latin America and Caribbean 49694 26680 18074 ndash810 5750 7983 24414 458633 20 Asia 127278 29076 72931 ndash12181 37452 53413 22047 4037369 21 Africa ndash11843 ndash2296 1148 ndash7060 ndash3635 ndash3308 3131 44750 22 Other 4014 ndash3717 4851 4608 ndash1728 1446 1068 92043

See the footnotes on pages 92ndash93

77 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 Selected US Government Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 US government grants and transactions increasing government assets total

By category

155507 12321 16931 13426 112830 ndash38814 ndash4439

2 Grants net 48508 11165 14315 11476 11552 11911 11657 3 US government current grants net (table 1 line 36 with sign reversed) 47350 11136 13486 11176 11551 11910 11657 4 Financing military purchases 1 17043 3835 6302 3166 3741 5304 4266 5 Other grants 30307 7302 7184 8010 7811 6605 7392 6 Cash contributions received from coalition partners for Persian Gulf operations 7 Debt forgiveness (table 1 part of line 39 with sign reversed) 1158 29 829 300 1 1 0

8 Credits and other long-term assets (table 1 line 47 with sign reversed) 7307 1307 2337 1396 2267 2631 2393 9 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753

10 Credits repayable in US dollars 4742 738 877 970 2158 2267 640 11 Credits repayable in other than US dollars 0 0 0 0 0 0 0 12 Other long-term assets 0 0 0 0 0 0 0

13 Foreign currency holdings and short-term assets net (table 1 line 49 with sign reversed) 99692 ndash150 279 553 99010 ndash53356 ndash18489 14 Foreign currency holdings (excluding administrative cash holdings) net

Receipts from 0 0 0 0 0 0 0

15 Sales of agricultural commodities 0 0 0 0 0 0 0 16 Interest 0 0 0 0 0 0 0 17 Repayments of principal 0 0 0 0 0 0 0 18 Reverse grants 0 0 0 0 0 0 0 19 Other sources

Less currencies disbursed for 0 0 0 0 0 0 0

20 Grants and credits in the recipientrsquos currency 0 0 0 0 0 0 0 21 Other grants and credits 0 0 0 0 0 0 0 22 Other US government expenditures 0 0 0 0 0 0 0 23 Assets acquired in performance of US government guarantee and insurance obligations net ndash113 ndash112 ndash12 7 4 2 2 24 Other assets held under Commodity Credit Corporation Charter Act net 0 0 0 0 0 0 0 25 Assets financing military sales contracts net 2 0 0 0 0 0 0 0 26 Other short-term assets (including changes in administrative cash holdings) net 9

By program

99806 ndash39 291 546 99007 ndash53358 ndash18491

27 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753 28 Under Agricultural Trade Development and Assistance Act and related programs 1785 452 444 444 445 443 445 29 Under Foreign Assistance Act and related programs 44105 10363 12642 10445 10655 11122 10490 30 Under Export-Import Bank Act 4733 418 1612 704 1998 2193 507 31 Under Commodity Credit Corporation Charter Act 63 50 1 8 4 2 2 32 Under other grant and credit programs 2451 508 480 852 612 420 855 33 Other foreign currency assets acquired (lines A16 A17 and A19) 0 0 0 0 0 0 0 34 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 35 Other (including changes in administrative cash holdings) net 9

By disposition 3

99806 ndash39 291 546 99007 ndash53358 ndash18491

36 Estimated transactions involving no direct dollar outflow from the United States 39588 8587 12036 8695 10270 11313 8804 37 Expenditures on US goods 10582 1708 3370 2104 3400 3303 3074 38 Expenditures on US services 4 11865 2860 2837 3050 3118 2697 2754 39 Financing of military sales contracts by US government 5 (line C6) 15740 3834 5003 3161 3741 5303 2966 40 By long-term credits 0 0 0 0 0 0 0 41 By short-term credits 1 0 0 0 0 0 0 0 42 By grants 1 15740 3834 5003 3161 3741 5303 2966 43 US government grants and credits to repay prior US government credits 1 4 1475 265 831 371 7 8 8 44 US government long- and short-term credits to repay prior US private credits 6 and other assets ndash59 ndash79 6 11 4 2 2 45 Increase in liabilities associated with US government grants and transactions increasing government assets

(including changes in retained accounts) 7 (line C11) 0 0 0 0 0 0 0 46 Less receipts on short-term US government assets (a) financing military sales contracts 1 (b) financing

repayment of private credits and other assets and (c) financing expenditures on US goods 14 2 11 1 0 0 0 47 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9 115919 3735 4895 4730 102560 ndash50127 ndash13243

B1 Repayments on US government long-term assets total (table 1 line 48) 3333 610 1259 812 653 352 630 2 Receipts of principal on US government credits 3333 610 1259 812 653 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 113 165 63 92 4 Under Foreign Assistance Act and related programs 1289 406 160 562 162 128 156 5 Under Export-Import Bank Act 1608 119 1043 125 321 143 374 6 Under Commodity Credit Corporation Charter Act 33 8 8 12 5 18 8 7 Under other credit programs 0 0 0 0 0 0 0 8 Receipts on other long-term assets 0 0 0 0 0 0 0

C1 US government liabilities other than securities total net increase (+) (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 2 Associated with military sales contracts 2 9063 2714 2236 2287 1826 2833 2682 3 US government cash receipts from foreign governments (including principal repayments on credits financing

military sales contracts) net of refunds 1 20568 5499 4188 6357 4524 5126 5927 4 Less US government receipts from principal repayments 64 21 3 37 3 20 3 5 Less US Treasury securities issued in connection with prepayments for military purchases in the United States ndash300 ndash200 ndash100 0 0 600 0 6 Plus financing of military sales contracts by US government 5 (line A39) 15740 3834 5003 3161 3741 5303 2966 7 By long-term credits 0 0 0 0 0 0 0 8 By short-term credits 1 0 0 0 0 0 0 0 9 By grants 1 15740 3834 5003 3161 3741 5303 2966

10 Less transfers of goods and services (including transfers financed by grants for military purchases and by credits) 1 2 (table 1 line 5 and part of table 1 line 3) 27480 6799 7053 7193 6436 6975 6207

11 Associated with US government grants and transactions increasing Government assets (including changes in retained accounts) 7 (line A45) 0 0 0 0 0 0 0

12 Associated with other liabilities 0 0 0 0 0 0 0 13 Sales of nuclear material by Department of EnergyUS Enrichment Corporation 8 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 0 0 0 0 15 Other sales and miscellaneous operations 10 0 0 0 0 0 0 0

See the footnotes on pages 92ndash93

78 US International Transactions October 2012

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashContinues [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

US direct investment abroad 1 Income (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 2 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 3 Distributed earnings 124644 23504 22427 22871 55842 23865 21390 32210 27222 33572 31641 32869 27378 4 Reinvested earnings 348639 92627 102644 95678 57690 89929 94107 84759 94430 83786 85664 81587 84973 5 Reinvested earnings without current-cost adjustment 325963 86892 96963 90037 52071 84286 88464 79024 88749 78145 80045 75944 79330 6 Current-cost adjustment 22676 5735 5681 5641 5619 5643 5643 5735 5681 5641 5619 5643 5643 7 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 8 US parentsrsquo receipts 9283 2227 2339 2330 2388 2441 2514 2227 2339 2330 2388 2441 2514 9 US parentsrsquo payments ndash2328 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572

10 Income without current-cost adjustment 457562 112049 121155 114656 109702 110017 111796 112886 117736 113465 113475 110678 108650 11 Manufacturing 73806 17966 18899 20074 16867 17028 18022 18913 18394 18633 17866 17837 17522 12 Wholesale trade 29989 7093 7704 7682 7510 7426 7811 7646 7305 7889 7149 7880 7533 13 Finance (including depository institutions) and insurance 43794 10295 12580 11150 9769 11997 10863 10264 11780 10753 10997 11970 10134 14 Holding companies except bank holding companies 221295 56322 59376 52965 52633 51753 53045 55691 57661 53403 54541 51180 51405 15 Other 88678 20373 22596 22786 22922 21812 22056 20373 22596 22786 22922 21812 22056

16 Earnings without current-cost adjustment (line 2 less line 6) 450607 110396 119390 112908 107913 108151 109854 111234 115971 111716 111685 108813 106708 17 Manufacturing 73186 17813 18746 19933 16693 16878 17898 18761 18241 18492 17692 17686 17399 18 Wholesale trade 29714 7033 7631 7613 7437 7330 7722 7586 7232 7821 7075 7783 7445 19 Finance (including depository institutions) and insurance 43417 10189 12489 11058 9681 11912 10710 10158 11689 10662 10909 11885 9981 20 Holding companies except bank holding companies 217489 55471 58407 51986 51626 50686 51960 54839 56692 52424 53534 50112 50320 21 Other 86801 19890 22117 22318 22476 21346 21564 19890 22117 22318 22476 21346 21564

22 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 23 Manufacturing 620 153 153 141 174 150 123 153 153 141 174 150 123 24 Wholesale trade 275 59 73 69 74 96 89 59 73 69 74 96 89 25 Finance (including depository institutions) and insurance 1 377 106 91 92 88 85 153 106 91 92 88 85 153 26 Holding companies except bank holding companies 3806 851 969 978 1007 1068 1085 851 969 978 1007 1068 1085 27 Other 1877 483 479 468 447 466 492 483 479 468 447 466 492 28 Financial flows (table 1 line 51) ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 29 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 30 Increases in equity ndash96679 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 31 Decreases in equity 44289 10804 9498 15550 8437 9955 3899 10804 9498 15550 8437 9955 3899 32 Reinvested earnings (line 4 with sign reversed) ndash348639 ndash92627 ndash102644 ndash95678 ndash57690 ndash89929 ndash94107 ndash84759 ndash94430 ndash83786 ndash85664 ndash81587 ndash84973 33 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 34 US parentsrsquo receivables ndash51927 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 35 US parentsrsquo payables 33625 12990 11539 13072 ndash3976 ndash10998 5502 12990 11539 13072 ndash3976 ndash10998 5502

36 Financial flows without current-cost adjustment ndash396656 ndash106537 ndash135929 ndash76575 ndash77615 ndash118793 ndash82721 ndash98669 ndash127716 ndash64682 ndash105589 ndash110451 ndash73586 37 Manufacturing ndash59177 ndash16194 ndash18091 ndash13990 ndash10902 ndash26301 ndash12029 ndash15541 ndash17844 ndash11563 ndash14229 ndash25696 ndash11657 38 Wholesale trade ndash24274 ndash5575 ndash9735 ndash4201 ndash4762 ndash13024 ndash7336 ndash5524 ndash9400 ndash4178 ndash5172 ndash12642 ndash7057 39 Finance (including depository institutions) and insurance ndash28020 ndash14300 ndash10263 ndash1251 ndash2206 ndash12624 ndash10334 ndash13175 ndash8485 1349 ndash7709 ndash11461 ndash9030 40 Holding companies except bank holding companies ndash207586 ndash56964 ndash63460 ndash40885 ndash46277 ndash41493 ndash42723 ndash50998 ndash58733 ndash35655 ndash62199 ndash35138 ndash36610 41 Other ndash77600 ndash13505 ndash34380 ndash16247 ndash13468 ndash25350 ndash10299 ndash13431 ndash33254 ndash14635 ndash16280 ndash25515 ndash9231

42 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 43 Manufacturing ndash10282 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 44 Wholesale trade ndash196 1012 ndash731 ndash360 ndash117 ndash36 ndash165 1012 ndash731 ndash360 ndash117 ndash36 ndash165 45 Finance (including depository institutions) and insurance 3005 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 46 Holding companies except bank holding companies ndash29277 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 47 Other ndash15641

48 Reinvested earnings without current-cost adjustment (line 5

699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998 699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998

with sign reversed) ndash325963 ndash86892 ndash96963 ndash90037 ndash52071 ndash84286 ndash88464 ndash79024 ndash88749 ndash78145 ndash80045 ndash75944 ndash79330 49 Manufacturing ndash55516 ndash15571 ndash12341 ndash16403 ndash11200 ndash15084 ndash15008 ndash14919 ndash12094 ndash13976 ndash14527 ndash14479 ndash14637 50 Wholesale trade ndash23262 ndash6343 ndash5714 ndash5598 ndash5608 ndash6423 ndash5596 ndash6292 ndash5379 ndash5575 ndash6017 ndash6040 ndash5317 51 Finance (including depository institutions) and insurance ndash24211 ndash7544 ndash9071 ndash8164 568 ndash8364 ndash8540 ndash6420 ndash7293 ndash5564 ndash4935 ndash7201 ndash7237 52 Holding companies except bank holding companies ndash156816 ndash43701 ndash51718 ndash40749 ndash20648 ndash37529 ndash40949 ndash37735 ndash46991 ndash35520 ndash36570 ndash31174 ndash34836 53 Other ndash66157 ndash13733 ndash18120 ndash19122 ndash15183 ndash16886 ndash18371 ndash13659 ndash16993 ndash17510 ndash17995 ndash17050 ndash17303

54 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 55 Manufacturing 6620 348 ndash2426 5502 3196 ndash11030 4064 348 ndash2426 5502 3196 ndash11030 4064 56 Wholesale trade ndash815 ndash244 ndash3290 1757 963 ndash6566 ndash1574 ndash244 ndash3290 1757 963 ndash6566 ndash1574 57 Finance (including depository institutions) and insurance 2 ndash6814 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 58 Holding companies except bank holding companies ndash21492 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 59 Other 4199 ndash471 ndash2630 4386 2914 ndash5022 9070 ndash471 ndash2630 4386 2914 ndash5022 9070

60 Royalties and license fees net 66130 15584 17100 16678 16768 15386 15879 15975 17181 16669 16305 15787 15954 61 US parentsrsquo receipts (table 1 part of line 9) 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 62 US parentsrsquo payments (table 1 part of line 26) ndash6962 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945

63 Other private services net 1656 1528 641 ndash613 101 1120 391 1108 879 ndash509 179 643 628 64 US parentsrsquo receipts (table 1 part of line 10) 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 65 US parentsrsquo payments (table 1 part of line 27) ndash57245 ndash12590 ndash13993 ndash14874 ndash15789 ndash13842 ndash15217 ndash13495 ndash13874 ndash15063 ndash14814 ndash14807 ndash15091

See the footnotes on pages 92ndash93

79 October 2012 SURVEY OF CURRENT BUSINESS

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashTable Ends [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Foreign direct investment in the United States 66 Income (table 1 line 31) ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 67 Earnings ndash132889 ndash31715 ndash38625 ndash33092 ndash29457 ndash35678 ndash32479 ndash33922 ndash37236 ndash31448 ndash30283 ndash38556 ndash31221 68 Distributed earnings ndash45500 ndash6356 ndash11011 ndash10722 ndash17411 ndash8671 ndash12651 ndash9436 ndash12068 ndash14213 ndash9783 ndash12745 ndash15395 69 Reinvested earnings ndash87389 ndash25359 ndash27614 ndash22370 ndash12046 ndash27007 ndash19829 ndash24486 ndash25168 ndash17235 ndash20500 ndash25811 ndash15826 70 Reinvested earnings without current-cost adjustment ndash80338 ndash23529 ndash25842 ndash20637 ndash10330 ndash25251 ndash18066 ndash22656 ndash23396 ndash15502 ndash18784 ndash24055 ndash14063 71 Current-cost adjustment ndash7051 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 72 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 73 US affiliatesrsquo payments ndash30005 ndash6234 ndash7717 ndash7996 ndash8058 ndash7425 ndash7785 ndash6772 ndash7767 ndash7955 ndash7511 ndash8170 ndash7818 74 US affiliatesrsquo receipts 4335 802 1148 1142 1243 1141 1120 802 1148 1142 1243 1141 1120

75 Income without current-cost adjustment ndash151508 ndash35317 ndash43423 ndash38213 ndash34556 ndash40206 ndash37381 ndash38061 ndash42083 ndash36528 ndash34836 ndash43829 ndash36156 76 Manufacturing ndash64899 ndash12720 ndash16789 ndash18633 ndash16757 ndash17145 ndash16242 ndash15303 ndash15493 ndash16911 ndash17192 ndash20617 ndash15061 77 Wholesale trade ndash16259 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 78 Finance (including depository institutions) and insurance ndash21752 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 79 Other ndash48598 ndash11079 ndash12703 ndash13082 ndash11734 ndash12044 ndash13192 ndash11241 ndash12660 ndash13119 ndash11579 ndash12195 ndash13147

80 Earnings without current-cost adjustment (line 67 less line 71) ndash125838 ndash29885 ndash36853 ndash31359 ndash27741 ndash33922 ndash30716 ndash32092 ndash35464 ndash29715 ndash28567 ndash36800 ndash29458 81 Manufacturing ndash55386 ndash10798 ndash14394 ndash16015 ndash14178 ndash14244 ndash13364 ndash13005 ndash13005 ndash14370 ndash15005 ndash17122 ndash12106 82 Wholesale trade ndash14661 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 83 Finance (including depository institutions) and insurance ndash20365 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 84 Other ndash35426 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065

85 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 86 Manufacturing ndash9514 ndash1922 ndash2395 ndash2618 ndash2579 ndash2901 ndash2878 ndash2298 ndash2488 ndash2541 ndash2187 ndash3495 ndash2956 87 Wholesale trade ndash1598 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 88 Finance (including depository institutions) and insurance 1 ndash1386 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 89 Other ndash13172 ndash2838 ndash3393 ndash3481 ndash3460 ndash2792 ndash3127 ndash2999 ndash3350 ndash3518 ndash3305 ndash2943 ndash3082

90 Financial flows (table 1 line 64) 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 91 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 92 Increases in equity 132936 17222 36517 35875 43322 15340 18046 17222 36517 35875 43322 15340 18046 93 Decreases in equity ndash39712 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 94 Reinvested earnings (line 69 with sign reversed) 87389 25359 27614 22370 12046 27007 19829 24486 25168 17235 20500 25811 15826 95 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 96 US affiliatesrsquo payables 43290 11769 7883 7075 16563 7349 14733 11769 7883 7075 16563 7349 14733 97 US affiliatesrsquo receivables 10085 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715

98 Financial flows without current-cost adjustment 226937 32409 61955 66624 65949 21642 35719 31535 59509 61489 74404 20446 31716 99 Manufacturing 90883 13314 22501 34763 20305 4194 18099 13977 19299 31624 25983 5897 13762

100 Wholesale trade 25675 5885 4278 ndash211 15723 7844 3673 5885 4278 ndash211 15723 7844 3673 101 Finance (including depository institutions) and insurance 26470 4236 9275 4803 8156 ndash5065 5212 3421 9488 4363 9198 ndash6455 5039 102 Other 83908 8973 25900 27269 21765 14669 8735 8251 26443 25713 23500 13159 9242

103 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 104 Manufacturing 35349 5742 11529 6542 11536 ndash39 5875 5742 11529 6542 11536 ndash39 5875 105 Wholesale trade ndash67 370 878 ndash2425 1111 866 ndash77 370 878 ndash2425 1111 866 ndash77 106 Finance (including depository institutions) and insurance 23959 2776 5921 10935 4326 ndash7581 5007 2776 5921 10935 4326 ndash7581 5007 107 Other 33983 ndash1312 12153 10495 12647 8773 831 ndash1312 12153 10495 12647 8773 831

108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80338 23529 25842 20637 10330 25251 18066 22656 23396 15502 18784 24055 14063

109 Manufacturing 39912 8869 12425 14871 3748 11842 9086 9532 9223 11732 9426 13545 4749 110 Wholesale trade 9572 2669 3983 1139 1781 3052 3517 2669 3983 1139 1781 3052 3517 111 Finance (including depository institutions) and insurance 5528 5221 3553 ndash3602 356 3718 ndash1022 4407 3766 ndash4043 1398 2328 ndash1195 112 Other 25326 6770 5881 8230 4445 6639 6484 6048 6424 6673 6180 5130 6991

113 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 114 Manufacturing 15621 ndash1297 ndash1453 13350 5021 ndash7609 3138 ndash1297 ndash1453 13350 5021 ndash7609 3138 115 Wholesale trade 16170 2846 ndash583 1075 12831 3926 233 2846 ndash583 1075 12831 3926 233 116 Finance (including depository institutions) and insurance 2 ndash3017 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 117 Other 24599 3515 7867 8544 4673 ndash744 1420 3515 7867 8544 4673 ndash744 1420

118 Royalties and license fees net ndash15266 ndash4024 ndash3523 ndash3688 ndash4031 ndash3920 ndash3926 ndash4080 ndash3561 ndash3927 ndash3698 ndash3994 ndash3965 119 US affiliatesrsquo payments (table 1 part of line 26) ndash19253 ndash5032 ndash4398 ndash4596 ndash5227 ndash5220 ndash5287 ndash5088 ndash4437 ndash4834 ndash4894 ndash5294 ndash5327 120 US affiliatesrsquo receipts (table 1 part of line 9) 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362

121 Other private services net 4611 1565 1082 1291 673 601 575 1684 1137 1217 573 676 703 122 US affiliatesrsquo payments (table 1 part of line 27) ndash24910 ndash5564 ndash6149 ndash6184 ndash7013 ndash6528 ndash6629 ndash5774 ndash6344 ndash6301 ndash6491 ndash6779 ndash6828 123 US affiliatesrsquo receipts (table 1 part of line 10) 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531

See the footnotes on pages 92ndash93

80 US International Transactions October 2012

Table 8 Transactions in Long-Term Securities [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 Foreign securities net purchases (ndash) or net sales (+) by US residents (table 1 line 52 or lines 4 + 18 below) ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 2 Stocks gross purchases by US residents 4058569 1115382 1041556 1025031 876600 945740 881122 3 Stocks gross sales by US residents 3969524 1067659 1014406 1002229 885230 930938 860148 4 Stocks net purchases by US residents ndash89045 ndash47723 ndash27150 ndash22802 8630 ndash14802 ndash20974 5 New issues in the United States 1 na na na na na na na 6 Transactions in outstanding stocks net

Net purchases by US residents by area

na na na na na na na

7 Europe ndash25067 ndash26337 ndash2604 ndash5702 9576 ndash2358 ndash15082 8 Of which United Kingdom ndash13396 ndash19159 70 ndash1874 7567 ndash1600 ndash15899 9 Canada ndash5443 ndash1865 ndash372 ndash4436 1230 ndash570 ndash1511

10 Caribbean financial centers 2 ndash35903 3950 ndash20403 ndash18436 ndash1014 2094 ndash3070 11 Latin America excluding Caribbean financial centers ndash5931 ndash4670 320 169 ndash1750 ndash2025 ndash442 12 Asia ndash15100 ndash17825 ndash2663 6056 ndash668 ndash11612 250 13 Of which Japan 4246 ndash5286 3161 6028 343 ndash2486 ndash1332 14 Africa ndash1267 177 323 ndash1659 ndash108 ndash963 ndash335 15 Other ndash334 ndash1153 ndash1751 1206 1364 632 ndash784

16 Bonds gross purchases by US residents 3588896 980857 1002268 812382 793389 952456 924408 17 Bonds gross sales by US residents 3531144 943108 972223 795074 820739 970862 950919 18 Bonds net purchases by US residents ndash57752 ndash37749 ndash30045 ndash17308 27350 18406 26511 19 New issues in the United States 1 na na na na na na na 20 Transactions in outstanding bonds net

Net purchases by US residents by area

na na na na na na na

21 Europe ndash57116 ndash38199 ndash44480 ndash3521 29084 32726 ndash6380 22 Of which United Kingdom ndash69861 ndash28228 ndash40030 ndash15810 14207 25939 ndash12477 23 Canada ndash33586 ndash3501 ndash8892 ndash11520 ndash9673 ndash6694 ndash5133 24 Caribbean financial centers 2 19097 6201 10873 ndash755 2778 ndash6681 5324 25 Latin America excluding Caribbean financial centers ndash14169 ndash2362 ndash3442 ndash8420 55 ndash7267 ndash367 26 Asia 27885 2618 12813 8227 4227 7667 20602 27 Of which Japan ndash1609 ndash4247 1335 1706 ndash403 2740 740 28 Africa ndash336 729 ndash394 ndash495 ndash176 561 1095 29 Other 473 ndash3235 3477 ndash824 1055 ndash1906 11370 B1 US securities excluding transactions in US Treasury securities and transactions of foreign official agencies net

purchases (+) or net sales (ndash) by foreign residents (table 1 line 66 or lines 4 + 16 + 30 below) ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174

2 Stocks gross purchases by foreign residents 7694549 1895452 1924179 2139525 1735393 1754294 1771458 3 Stocks gross sales by foreign residents 7682151 1863304 1898511 2167803 1752533 1735411 1780038 4 Stocks net purchases by foreign residents

Net purchases by foreign residents by area

12398 32148 25668 ndash28278 ndash17140 18883 ndash8580

5 Europe ndash36934 9946 6908 ndash35533 ndash18255 15866 1499 6 Of which United Kingdom 2176 12238 5819 ndash10024 ndash5857 9807 4064 7 Canada 14831 4147 9949 337 398 2886 2291 8 Caribbean financial centers 2 30486 20509 4055 2837 3085 4908 ndash12630 9 Latin America excluding Caribbean financial centers 860 1926 654 ndash1259 ndash461 ndash106 627

10 Asia 1996 ndash4304 2677 5200 ndash1577 ndash5643 281 11 Of which Japan 3067 ndash1330 13 4493 ndash109 ndash5568 ndash1853 12 Africa 801 50 88 ndash245 908 64 170 13 Other 358 ndash126 1337 385 ndash1238 908 ndash818

14 Corporate bonds gross purchases by foreign residents 956647 289671 276332 213212 177432 262482 206683 15 Corporate bonds gross sales by foreign residents 1025487 299559 294294 222948 208686 277314 240012 16 Corporate bonds net purchases by foreign residents ndash68840 ndash9888 ndash17962 ndash9736 ndash31254 ndash14832 ndash33329 17 New issues sold abroad by US corporations 1 na na na na na na na 18 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

19 Europe ndash98270 ndash22540 ndash26327 ndash14083 ndash35320 ndash20673 ndash35281 20 Of which United Kingdom ndash50976 ndash15358 ndash16537 ndash75 ndash19006 ndash15784 ndash26536 21 Canada ndash823 ndash70 ndash83 ndash1217 547 ndash5811 3648 22 Caribbean financial centers 2 16093 8157 1110 5929 897 6395 ndash1538 23 Latin America excluding Caribbean financial centers 3765 1776 278 647 1064 439 803 24 Asia 14709 3337 6163 364 4845 7388 ndash415 25 Of which Japan 9271 2305 2695 501 3770 4389 ndash1470 26 Africa ndash21 45 9 ndash87 12 42 ndash67 27 Other ndash4293 ndash593 888 ndash1289 ndash3299 ndash2612 ndash479

28 Federally sponsored agency bonds gross purchases by foreign residents 970698 216628 208974 278774 266322 262113 331244 29 Federally sponsored agency bonds gross sales by foreign residents 970698 234550 221788 261156 253204 262510 332509 30 Federally sponsored agency bonds net purchases by foreign residents () ndash17922 ndash12814 17618 13118 ndash397 ndash1265 31 New issues sold abroad by federally sponsored agencies 1 na na na na na na na 32 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

33 Europe ndash16036 2976 ndash20684 ndash3010 4682 ndash6679 ndash3902 34 Of which United Kingdom 548 11549 ndash17229 ndash641 6869 ndash619 ndash5140 35 Canada 3281 1173 2080 ndash14 42 ndash1539 ndash165 36 Caribbean financial centers 2 5838 ndash10703 9265 9530 ndash2254 ndash3567 ndash2198 37 Latin America excluding Caribbean financial centers 6586 393 80 2140 3973 1777 1727 38 Asia 627 ndash11488 ndash3255 8818 6552 9564 2899 39 Of which Japan 15927 ndash2057 2981 10383 4620 6109 4208 40 Africa ndash221 ndash43 ndash87 ndash18 ndash73 ndash2 6 41 Other ndash75 ndash230 ndash213 172 196 49 368 C1 US Treasury bonds and notes excluding transactions of foreign official agencies net purchases (+) or net sales (ndash)

by foreign residents (table 1 part of line 65) 199483 55835 595 101379 41674 56501 21172 2 US Treasury bonds and notes gross purchases by foreign residents 16679789 4387827 4351236 4560198 3380528 3762454 3632336 3 US Treasury bonds and notes gross sales by foreign residents

Net purchases by foreign residents by area

16480306 4331992 4350641 4458819 3338854 3705953 3611164

4 Europe 156007 54202 20940 75802 5063 7923 26221 5 Canada ndash4043 8536 ndash20054 2049 5426 18053 7553 6 Caribbean financial centers 2 12854 ndash9205 3988 18426 ndash355 ndash1513 4772 7 Latin America excluding Caribbean financial centers ndash6705 ndash13933 6129 ndash569 1668 835 ndash2749 8 Asia 39226 16211 ndash10977 6337 27655 29297 ndash17241 9 Africa 1871 1483 ndash57 250 195 1287 14

10 Other Memoranda Net purchases of marketable long-term US securities by foreign official agencies included elsewhere in the

international transactions accounts net purchases (+) or net sales (ndash) (lines in table 5)

273 ndash1459 626 ndash916 2022 619 2602

1 US Treasury marketable bonds and notes (line B4) 274493 100820 109668 53811 10194 85762 77233 2 Other US government securities (line B6) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 3 US corporate and other bonds (part of line B16) ndash934 ndash1085 ndash2010 1896 265 296 ndash1723 4 US stocks (part of line B16) 14952 6716 8648 ndash664 252 456 5344

See the footnotes on pages 92ndash93

81 October 2012 SURVEY OF CURRENT BUSINESS

Table 9 Claims on and Liabilities to Unaffiliated Foreigners Reported by US Nonbanking Concerns Except Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets or increase in US liabilities Debits ndash increase in US assets or decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 Claims total (table 1 line 53) ndash11608 ndash92203 6147 9326 65122 ndash49183 396 862495 2 Financial claims ndash9057 ndash97175 5831 17487 64800 ndash52488 ndash2122 813284 3 Denominated in US dollars 25445 ndash93191 22472 44778 51386 ndash32492 ndash273 552075 4 Denominated in foreign currencies

By instrument 2

ndash34502 ndash3984 ndash16641 ndash27291 13414 ndash19996 ndash1849 261209

5 Resale agreements ndash832 378 ndash1975 823 ndash58 ndash453 ndash1566 4419 6 Negotiable certificates of deposit 1932 ndash535 2737 ndash817 547 772 () () 7 Other short-term instruments (including money market instruments) 1282 366 ndash3868 6786 ndash2002 528 ndash9379 11657 8 Deposits ndash36389 ndash80544 ndash13404 2457 55102 ndash50191 ndash7503 663858 9 Other claims 24950 ndash16840 22341 8238 11211 ndash3144 16326 133350

10 Of which Financial intermediariesrsquo accounts 3

By area

18189 ndash23472 21674 8096 11891 ndash4394 17666 107901

11 Europe Of which

ndash53513 ndash87957 5296 ndash7097 36245 ndash45912 15541 666624

12 United Kingdom ndash40517 ndash62686 ndash3745 ndash14500 40414 ndash47004 10918 395894 13 Germany ndash33689 ndash21553 ndash2793 ndash1886 ndash7457 ndash242 2037 57509 14 Caribbean financial centers 4 37655 ndash15180 1295 21661 29879 ndash9448 ndash9063 118148 15 Other 6801 5962 ndash760 2923 ndash1324 2872 ndash8600 28512

16 Commercial claims ndash2551 4972 316 ndash8161 322 3305 2518 49211 17 Denominated in US dollars ndash1774 5478 ndash29 ndash7943 720 3378 702 46635 18 Denominated in foreign currencies

By instrument

ndash777 ndash506 345 ndash218 ndash398 ndash73 1816 2576

19 Trade receivables ndash4541 2732 579 ndash7304 ndash548 4016 3150 37041 20 Advance payments and other claims

By area

1990 2240 ndash263 ndash857 870 ndash711 ndash632 12170

21 Europe ndash3279 2040 242 ndash5285 ndash276 5679 ndash854 15463 22 Canada ndash930 ndash209 968 ndash1748 59 ndash246 38 5832 23 Asia 676 2170 ndash742 ndash474 ndash278 ndash2023 2184 17120 24 Other 982 971 ndash152 ndash654 817 ndash105 1150 10796

B1 Liabilities total (table 1 line 68) 6567 40688 25538 ndash19670 ndash39989 24212 ndash8754 699925 2 Financial liabilities ndash1029 42077 25244 ndash30057 ndash38293 23388 ndash6819 636268 3 Denominated in US dollars ndash19634 36790 15510 ndash49765 ndash22169 9081 ndash16128 454215 4 Denominated in foreign currencies

By instrument 2

18605 5287 9734 19708 ndash16124 14307 9309 182053

5 Repurchase agreements ndash2808 ndash427 1542 ndash1150 ndash2773 577 588 3934 6 Short-term instruments ndash164 ndash121 592 ndash860 225 547 ndash575 1354 7 Other liabilities 1943 42625 23110 ndash28047 ndash35745 22264 ndash6832 630980 8 Of which Financial intermediariesrsquo accounts 3

By area

ndash3020 ndash892 ndash364 ndash958 ndash806 ndash1719 1166 36494

9 Europe Of which

ndash496 38802 25116 ndash31040 ndash33374 19239 543 560101

10 United Kingdom 7935 42202 22426 ndash29433 ndash27260 17504 4527 350093 11 Germany ndash7180 ndash8747 ndash383 297 1653 ndash1996 ndash3988 67121 12 Caribbean financial centers 4 3744 2692 223 2758 ndash1929 5716 ndash8186 60319 13 Other ndash4277 583 ndash95 ndash1775 ndash2990 ndash1567 824 15848

14 Commercial liabilities 7596 ndash1389 294 10387 ndash1696 824 ndash1935 63657 15 Denominated in US dollars 7723 ndash1259 283 10576 ndash1877 455 ndash477 59708 16 Denominated in foreign currencies

By instrument

ndash127 ndash130 11 ndash189 181 369 ndash1458 3949

17 Trade payables 2938 ndash541 ndash318 6484 ndash2687 ndash1137 ndash2126 29196 18 Advance receipts and other liabilities

By area

4658 ndash848 612 3903 991 1961 191 34461

19 Europe 3935 ndash1380 360 6413 ndash1458 ndash1812 ndash1608 16171 20 Canada 337 165 ndash924 1330 ndash234 333 ndash253 6854 21 Asia 4279 73 1015 1646 1545 2124 ndash81 29617 22 Other ndash955 ndash247 ndash157 998 ndash1549 179 7 11015

See the footnotes on pages 92ndash93

82 US International Transactions October 2012

Table 10 Claims on Foreigners Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets Debits ndash increase in US assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Claims reported by US banks and securities brokers total (table 1 line 54) 213627 ndash86699 199487 14428 86411 218379 266660 3790278 2 Claims for own accounts 79139 ndash80502 193661 ndash60657 26637 129026 245655 3138242

3 Denominated in dollars

By instrument 2

82005 ndash85047 147209 ndash56032 75875 97684 287514 2772501

4 Resale agreements ndash72065 1537 ndash57055 ndash467 ndash16080 ndash8133 ndash4532 820679 5 Negotiable certificates of deposit ndash394 ndash796 ndash365 144 623 1173 ndash423 1229 6 Other short-term instruments (including money market instruments) 2128 2100 ndash2842 3166 ndash296 1309 990 8599 7 Deposits and brokerage balances 205019 ndash42537 249725 ndash57541 55372 116881 277188 923381 8 Other claims (including loans) ndash52683 ndash45351 ndash42254 ndash1334 36256 ndash13546 14291 1018613

By foreign borrower Claims on

9 Foreign banks 193237 ndash7372 191849 ndash39046 47806 112149 289830 1905728 10 Foreign nonbanks excluding foreign official institutions ndash132368 ndash72928 ndash57258 ndash20476 18294 ndash8815 ndash1540 824471 11 Foreign official institutions 3 21136 ndash4747 12618 3490 9775 ndash5650 ndash776 42302

By type of US reporting institution 4

US-owned banksrsquo claims on 12 Foreign banks ndash26007 ndash34281 160370 ndash208317 56221 108022 201393 641538 13 Foreign nonbanks and foreign official institutions

Foreign-owned banksrsquo claims on

ndash22376 ndash35403 ndash5971 ndash8427 27425 ndash6468 3158 207067

14 Foreign banks 204556 10975 51564 140958 1059 24173 67658 919137 15 Foreign nonbanks and foreign official institutions

Brokersrsquo and dealersrsquo claims on

ndash36217 ndash7345 ndash1226 ndash17917 ndash9729 3362 ndash2164 164645

16 Foreign banks 14688 15934 ndash20085 28313 ndash9474 ndash20046 20779 345053 17 Foreign nonbanks and foreign official institutions ndash52639 ndash34927 ndash37443 9358 10373 ndash11359 ndash3310 495061

18 Denominated in foreign currencies

By instrument 2

ndash2866 4545 46452 ndash4625 ndash49238 31342 ndash41859 365741

19 Deposits and brokerage balances 850 2137 ndash4381 11739 ndash8645 8331 ndash8252 139757 20 Other claims (including loans) ndash3716 2408 50833 ndash16364 ndash40593 23011 ndash33607 225984

21 Claims for customersrsquo accounts 134488 ndash6197 5826 75085 59774 89353 21005 652036

22 Denominated in dollars

By instrument 2

160127 ndash7359 34448 75693 57345 64217 33155 595086

23 Commercial paper 5 21984 ndash17448 ndash376 21858 17950 ndash27469 ndash322 205548 24 Negotiable certificates of deposit 31874 ndash31790 20270 33335 10059 5573 9087 94185 25 Other short-term instruments (including money market instruments) 6 31085 6757 3250 22357 ndash1279 5193 7326 34720 26 Deposits and brokerage balances (including sweep accounts) 7 41878 38479 ndash3119 ndash15841 22359 85356 11514 249079 27 Other claims 33306 ndash3357 14423 13984 8256 ndash4436 5550 11554

28 Denominated in foreign currencies

By instrument 2

ndash25639 1162 ndash28622 ndash608 2429 25136 ndash12150 56950

29 Deposits and brokerage balances ndash6354 ndash5513 1693 ndash2290 ndash244 352 ndash145 9357 30 Other claims

Claims total (line 1) by area ndash19285 6675 ndash30315 1682 2673 24784 ndash12005 47593

31 Europe Of which

208566 ndash72953 75471 130814 75234 78905 79616 1603053

32 United Kingdom 58711 ndash12618 86178 22639 ndash37488 65676 56791 1149588 33 Switzerland ndash16730 ndash5312 2673 ndash34558 20467 16882 8627 48056 34 Canada ndash33907 ndash2392 ndash11320 ndash4263 ndash15932 10934 ndash2453 232738 35 Caribbean financial centers 8 183568 9104 186027 ndash77493 65930 105913 250415 1063919 36 Latin America excluding Caribbean financial centers ndash35916 ndash12756 ndash9699 ndash8597 ndash4864 ndash2669 ndash7672 183259 37 Asia ndash106570 ndash15542 ndash30669 ndash28901 ndash31458 21014 ndash57419 585157 38 Of which Japan ndash65274 9113 ndash16606 ndash11761 ndash46020 18140 ndash39995 388413 39 Africa 7646 5261 ndash1258 3436 207 ndash862 ndash245 9936 40 Other

Memoranda ndash9760 2579 ndash9065 ndash568 ndash2706 5144 4418 112216

1 International banking facilitiesrsquo (IBFs) own claims denominated in dollars (in lines 1ndash15 above)

By bank ownership 4

24091 ndash48609 41746 14202 16752 50407 170340 371523

2 US-owned IBFs ndash85794 ndash34825 30080 ndash96927 15878 51614 154352 82701 3 Foreign-owned IBFs 109885 ndash13784 11666 111129 874 ndash1207 15988 288822

See the footnotes on pages 92ndash93

83 October 2012 SURVEY OF CURRENT BUSINESS

Table 11 Liabilities to Foreigners Except Foreign Official Agencies Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + increase in US liabilities Debits ndash decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Liabilities reported by US banks and securities brokers total (table 1 part of line 65 and table 1 line 69) 350572 359196 ndash119563 112359 ndash1420 ndash134773 ndash211576 3953351 2 US Treasury bills and certificates (table 1 part of line 65) 41395 ndash781 ndash18208 19539 40845 ndash12667 ndash13807 262048 3 Other US liabilities total (table 1 line 69) 309177 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 3691303 4 Liabilities for own accounts 322677 336432 ndash108170 109703 ndash15288 ndash115632 ndash204720 3296249

5 Denominated in dollars

By instrument 2

252322 321455 ndash116320 75835 ndash28648 ndash103814 ndash211745 3048846

6 Repurchase agreements 82756 49603 38007 ndash63515 58661 ndash26962 ndash30751 575252 7 Deposits and brokerage balances 291767 182610 ndash8772 170062 ndash52133 ndash129288 ndash173973 1758133 8 Other liabilities (including loans) ndash122201 89242 ndash145555 ndash30712 ndash35176 52436 ndash7021 715461

By foreign holder Liabilities to

9 Foreign banks 145927 231244 ndash95034 38698 ndash28981 ndash121913 ndash236484 2101206 10 Foreign nonbanks including international organizations 106395 90211 ndash21286 37137 333 18099 24739 947640

By type of US reporting institution 3

US-owned banksrsquo liabilities to 11 Foreign banks ndash89314 22804 ndash113690 91718 ndash90146 ndash31480 ndash187790 699485 12 Foreign nonbanks including international organizations

Foreign-owned banksrsquo liabilities to

12190 39228 ndash55619 31388 ndash2807 2884 14681 275031

13 Foreign banks 249073 199309 3112 5724 40928 ndash80709 ndash18833 1114138 14 Foreign nonbanks including international organizations

Brokersrsquo and dealersrsquo liabilities to

27538 9964 4519 8075 4980 3443 18519 127991

15 Foreign banks ndash13832 9131 15544 ndash58744 20237 ndash9724 ndash29861 287583 16 Foreign nonbanks including international organizations 66667 41019 29814 ndash2326 ndash1840 11772 ndash8461 544618

17 Denominated in foreign currencies

By instrument 2

70355 14977 8150 33868 13360 ndash11818 7025 247403

18 Deposits and brokerage balances 55144 8721 15984 14646 15793 ndash8203 6658 141900 19 Other liabilities (including loans) 15211 6256 ndash7834 19222 ndash2433 ndash3615 367 105503

20 Liabilities for customersrsquo accounts ndash13500 23545 6815 ndash16883 ndash26977 ndash6474 6951 395054

21 Denominated in dollars

By instrument 2

ndash13252 23064 5318 ndash16237 ndash25397 ndash7769 5901 386528

22 Negotiable certificates of deposit and other short-term instruments ndash7433 22753 4196 ndash15970 ndash18412 ndash5329 ndash6308 165388 23 Other liabilities (including loans) ndash5819 311 1122 ndash267 ndash6985 ndash2440 12209 221140

24 Denominated in foreign currencies

Other US liabilities total (line 3) by area ndash248 481 1497 ndash646 ndash1580 1295 1050 8526

25 Europe 305282 217563 ndash35879 119913 3685 ndash91531 ndash187721 1383322 26 Canada 24333 17929 9687 1073 ndash4356 ndash8587 4456 124427 27 Caribbean financial centers 4 ndash151275 81576 ndash79079 ndash50683 ndash103089 ndash26350 ndash67947 1572294 28 Latin America excluding Caribbean financial centers 24535 8397 ndash7687 15971 7854 3925 6032 162565 29 Asia 94363 31832 2843 9503 50185 ndash6164 52339 375985 30 Africa 2661 1937 491 ndash100 333 3694 ndash2555 16223 31 Other

Memoranda 9278 743 8269 ndash2857 3123 2907 ndash2373 56487

1 International banking facilitiesrsquo (IBFs) own liabilities denominated in dollars (in lines 3ndash14 above)

By bank ownership 3

184561 108875 ndash19007 60508 34185 ndash124264 ndash130931 489487

2 US-owned IBFs 92706 44834 ndash28656 91716 ndash15188 ndash50229 ndash151008 190848 3 Foreign-owned IBFs 91855 64041 9649 ndash31208 49373 ndash74035 20077 298639

See the footnotes on pages 92ndash93

84 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Europe European Union Euro area Belgium

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 882904 222838 228338 733902 183858 189669 508065 125508 130631 40123 10439 11072 2 Exports of goods and services 562808 142184 145462 463195 115181 119188 319865 78336 82327 35023 8871 9052 3 Goods balance of payments basis 2 335393 87682 86577 273167 69730 69669 198248 49682 51380 29919 7556 7618 4 Services 3 227416 54501 58885 190028 45451 49519 121617 28655 30948 5104 1315 1434 5 Transfers under US military agency sales contracts 4 1943 417 391 995 210 178 598 119 96 29 2 3 6 Travel 32633 6263 9593 29088 5513 8552 17175 3185 4834 603 127 177 7 Passenger fares 10675 2298 3024 9443 2035 2698 5800 1150 1506 319 64 105 8 Other transportation 16572 4320 4269 14201 3730 3680 7701 2081 2055 438 111 107 9 Royalties and license fees 5 60025 14470 15043 48907 11971 12444 38708 9232 9585 977 262 272

10 Other private services 5 105274 26650 26466 87163 21923 21884 51474 12839 12812 2732 748 769 11 US government miscellaneous services 293 84 98 232 70 83 162 48 59 5 1 1 12 Income receipts 320096 80654 82876 270707 68677 70480 188200 47171 48304 5101 1567 2020 13 Income receipts on US-owned assets abroad 319565 80518 82737 270308 68575 70376 188006 47122 48255 5088 1564 2017 14 Direct investment receipts 212760 53530 55016 176970 44950 46211 140321 34908 36033 2983 747 1002 15 Other private receipts 106211 26706 27566 92795 23366 24023 47165 11689 12080 2105 817 1015 16 US government receipts 593 281 155 543 259 142 520 525 142 0 0 0 17 Compensation of employees 531 136 139 399 102 105 193 49 50 13 3 3 18 Imports of goods and services and income payments ndash886301 ndash218185 ndash229292 ndash738439 ndash181908 ndash190151 ndash517326 ndash126121 ndash133955 ndash44102 ndash10328 ndash11211 19 Imports of goods and services ndash631581 ndash153112 ndash165058 ndash522958 ndash126987 ndash137579 ndash381691 ndash92267 ndash99608 ndash23193 ndash5278 ndash6032 20 Goods balance of payments basis 2 ndash453605 ndash112101 ndash115955 ndash373313 ndash93508 ndash96841 ndash289108 ndash71916 ndash74651 ndash17735 ndash4052 ndash4720 21 Services 3 ndash177976 ndash41011 ndash49103 ndash149645 ndash33479 ndash40738 ndash92583 ndash20351 ndash24957 ndash5458 ndash1226 ndash1311 22 Direct defense expenditures ndash12496 ndash2856 ndash2897 ndash11462 ndash2582 ndash2626 ndash10297 ndash2290 ndash2333 ndash473 ndash79 ndash80 23 Travel ndash23012 ndash3892 ndash8495 ndash20494 ndash3469 ndash7587 ndash14552 ndash2465 ndash5337 ndash205 ndash40 ndash70 24 Passenger fares ndash13203 ndash2740 ndash4470 ndash12161 ndash2503 ndash4065 ndash7402 ndash1475 ndash2615 ndash99 ndash25 ndash22 25 Other transportation ndash22795 ndash5518 ndash5824 ndash18454 ndash4413 ndash4650 ndash11148 ndash2633 ndash2706 ndash636 ndash148 ndash147 26 Royalties and license fees 5 ndash23925 ndash6038 ndash6091 ndash18557 ndash4630 ndash4673 ndash13368 ndash3272 ndash3313 ndash776 ndash179 ndash184 27 Other private services 5 ndash80399 ndash19482 ndash20828 ndash67141 ndash15543 ndash16796 ndash34642 ndash7929 ndash8362 ndash3213 ndash741 ndash794 28 US government miscellaneous services ndash2146 ndash485 ndash498 ndash1376 ndash339 ndash342 ndash1174 ndash287 ndash291 ndash56 ndash14 ndash14 29 Income payments ndash254720 ndash65074 ndash64234 ndash215481 ndash54922 ndash52572 ndash135635 ndash33853 ndash34347 ndash20909 ndash5051 ndash5179 30 Income payments on foreign-owned assets in the United States ndash253809 ndash64831 ndash64016 ndash214897 ndash54768 ndash52433 ndash135425 ndash33791 ndash34299 ndash20896 ndash5047 ndash5176 31 Direct investment payments ndash112027 ndash28796 ndash27685 ndash95340 ndash24515 ndash22053 ndash62200 ndash15224 ndash15505 ndash3964 ndash951 ndash1129 32 Other private payments ndash116743 ndash29663 ndash29995 ndash103334 ndash26088 ndash26296 ndash62575 ndash15914 ndash16220 ndash14898 ndash3582 ndash3556 33 US government payments ndash25039 ndash6372 ndash6336 ndash16223 ndash4165 ndash4084 ndash10650 ndash2653 ndash2574 ndash2034 ndash514 ndash491 34 Compensation of employees ndash912 ndash243 ndash218 ndash584 ndash153 ndash139 ndash210 ndash62 ndash48 ndash13 ndash3 ndash3 35 Unilateral current transfers net ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 36 US government grants 4 ndash2165 ndash638 ndash652 ndash218 ndash70 ndash33 ndash90 ndash11 ndash8 ndash2 () 0 37 US government pensions and other transfers ndash2074 ndash525 ndash539 ndash1930 ndash489 ndash502 ndash1440 ndash353 ndash362 ndash26 ndash7 ndash7 38 Private remittances and other transfers 6

Capital account ndash5812 ndash1804 ndash1529 ndash383 77 121 414 188 250 ndash94 ndash24 8

39 Capital account transactions net Financial account

ndash4 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash241698 52106 42437 ndash253858 37642 30580 ndash150180 14949 ndash21545 ndash36537 ndash17874 ndash16064

41 US official reserve assets ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 46 US government assets other than official reserve assets ndash86510 52774 4942 ndash86035 52354 4946 ndash85635 52427 4946 ndash2 2 () 47 US credits and other long-term assets ndash866 ndash127 ndash155 ndash715 ndash118 ndash107 ndash314 ndash42 ndash107 0 0 0 48 Repayments on US credits and other long-term assets 8 195 64 50 68 32 6 63 31 6 0 0 0 49 US foreign currency holdings and US short-term assets ndash85839 52838 5047 ndash85388 52440 5047 ndash85384 52438 5047 ndash2 2 () 50 US private assets ndash154705 ndash538 37580 ndash167383 ndash14591 25717 ndash64106 ndash37359 ndash26407 ndash36535 ndash17876 ndash16064 51 Direct investment ndash224295 ndash69579 ndash35261 ndash202758 ndash57151 ndash31661 ndash157387 ndash34853 ndash28505 ndash4667 ndash1840 1313 52 Foreign securities ndash82183 30368 ndash21462 ndash120594 17562 ndash25008 ndash34753 ndash4765 ndash1104 ndash42459 ndash17795 ndash16507 53 US claims on unaffiliated foreigners reported by US nonbanking concerns ndash56793 ndash40232 14687 ndash55772 ndash41123 14668 ndash25209 387 1758 140 ndash14 92 54 US claims reported by US banks and securities brokers 14 208566 78905 79616 211741 66121 67718 153243 1872 1444 10451 1773 ndash962 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 514084 ndash66118 ndash155957 419161 ndash67792 ndash189935 214137 ndash54016 3657 16896 ndash2772 ndash9818 56 Foreign official assets in the United States 38811 10712 33045 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash556 ndash107 ndash300 85 95 72 ndash127 33 ndash46 ndash28 1 2 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 475273 ndash76830 ndash189002 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 132568 10462 21024 106925 15005 14064 58524 5630 7253 10297 3087 1081 65 US Treasury securities 185225 ndash1701 16444 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities ndash151240 ndash11486 ndash37684 ndash143872 ndash12253 ndash37960 ndash88640 ndash4968 ndash9642 ndash23025 ndash4708 ndash7084 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns 3438 17426 ndash1065 3606 16820 ndash1001 ndash6433 1379 ndash4954 ndash73 4 ndash7 69 US liabilities reported by US banks and securities brokers 15 305282 ndash91531 ndash187721 18 452417 18 ndash87459 18 ndash165110 18 250813 18 ndash56090 18 11046 18 29725 18 ndash1156 18 ndash3810 70 Financial derivatives net 21234 ndash8391 ndash2314 22900 ndash10639 ndash1370 ndash4656 ndash4112 1082 ndash81 ndash62 81 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash280169 20717 20 119508 ndash181136 39322 20 161622 ndash48923 43968 20 20250 23823 20630 20 25939

72 Balance on goods (lines 3 and 20) ndash118212 ndash24419 ndash29378 ndash100146 ndash23778 ndash27171 ndash90860 ndash22234 ndash23271 12184 3505 2898 73 Balance on services (lines 4 and 21) 49440 13491 9782 40383 11973 8780 29034 8303 5991 ndash355 89 123 74 Balance on goods and services (lines 2 and 19) ndash68773 ndash10928 ndash19596 ndash59763 ndash11806 ndash18391 ndash61826 ndash13931 ndash17281 11830 3593 3020 75 Balance on income (lines 12 and 29) 65376 15580 18643 55226 13755 17909 52565 13318 13957 ndash15808 ndash3483 ndash3159 76 Unilateral current transfers net (line 35) ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash13448 1685 ndash3674 ndash7068 1467 ndash896 ndash10377 ndash789 ndash3444 ndash4101 78 ndash138

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 85

Transactions by AreamdashContinues of dollars]

France Germany Italy Netherlands United Kingdom Europe excluding European Union

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

61663 15202 16336 90192 21702 22244 28617 6977 7084 121076 29483 31146 181769 47281 47386 149002 38980 38670 1 46368 11727 12776 75348 18559 19553 25625 6398 6546 57427 13224 14059 110006 28351 28366 99613 27003 26274 2 28490 7660 8321 49626 12645 12798 16246 4335 4331 42632 9959 10548 57036 15502 13936 62226 17953 16908 3 17878 4067 4454 25722 5914 6755 9379 2064 2215 14795 3265 3511 52970 12849 14431 37388 9050 9366 4

41 22 7 130 20 32 92 19 13 117 17 18 202 38 35 948 206 213 5 3819 656 987 4905 893 1554 2606 493 619 1448 273 418 8968 1701 2793 3545 750 1041 6 1161 261 310 1433 320 446 1074 194 239 633 137 171 3006 662 931 1232 263 326 7 1460 363 380 2934 729 757 613 158 151 952 225 227 3893 960 984 2371 590 589 8 3479 788 823 6895 1673 1741 1805 414 432 4943 942 978 7436 2123 2217 11119 2499 2599 9 7873 1969 1926 9353 2260 2208 3177 782 757 6692 1667 1696 29417 7349 7452 18111 4727 4583 10

45 8 21 71 19 17 13 3 3 10 4 2 48 16 19 61 15 15 11 15296 3476 3560 14844 3143 2691 2992 578 539 63649 16259 17087 71763 18930 19020 49389 11977 12396 12 15257 3466 3550 14766 3122 2669 2972 573 534 63632 16255 17083 71654 18902 18991 49256 11943 12361 13

4225 926 967 5292 1074 717 1221 273 255 55195 14206 15057 31798 8693 8601 35791 8581 8805 14 11032 2540 2583 8988 1930 1869 1751 300 279 8437 2049 2026 39837 10203 10385 13416 3340 3543 15

0 0 0 486 118 83 0 0 0 0 0 0 19 6 5 50 22 13 16 38 10 10 79 21 22 19 5 5 16 4 4 109 28 29 133 34 35 17

ndash74033 ndash19001 ndash20102 ndash155703 ndash38660 ndash39651 ndash45323 ndash10671 ndash12965 ndash57146 ndash13220 ndash14298 ndash166635 ndash42860 ndash41605 ndash147863 ndash36277 ndash39141 18 ndash56894 ndash13914 ndash14912 ndash130251 ndash33034 ndash34657 ndash42871 ndash9906 ndash12352 ndash32792 ndash8014 ndash8316 ndash97547 ndash24160 ndash25889 ndash108623 ndash26125 ndash27479 19 ndash40676 ndash10437 ndash10392 ndash99425 ndash25847 ndash26352 ndash34327 ndash8372 ndash9814 ndash24044 ndash6021 ndash6046 ndash51878 ndash13629 ndash13684 ndash80292 ndash18593 ndash19114 20 ndash16219 ndash3477 ndash4519 ndash30826 ndash7187 ndash8305 ndash8543 ndash1534 ndash2539 ndash8748 ndash1993 ndash2270 ndash45669 ndash10531 ndash12205 ndash28331 ndash7532 ndash8365 21

ndash117 ndash12 ndash15 ndash7432 ndash1694 ndash1700 ndash1424 ndash316 ndash350 ndash149 ndash24 ndash28 ndash1107 ndash280 ndash268 ndash1034 ndash274 ndash271 22 ndash2547 ndash379 ndash1107 ndash2745 ndash637 ndash1016 ndash3382 ndash384 ndash1238 ndash1143 ndash226 ndash403 ndash4559 ndash834 ndash1726 ndash2518 ndash423 ndash908 23 ndash1679 ndash343 ndash586 ndash2919 ndash561 ndash1155 ndash528 ndash116 ndash157 ndash723 ndash164 ndash221 ndash4132 ndash928 ndash1250 ndash1042 ndash237 ndash405 24 ndash2093 ndash475 ndash485 ndash3909 ndash956 ndash984 ndash854 ndash198 ndash222 ndash1181 ndash279 ndash282 ndash3331 ndash760 ndash832 ndash4341 ndash1105 ndash1174 25 ndash4214 ndash1065 ndash1064 ndash3721 ndash837 ndash844 ndash94 ndash27 ndash27 ndash749 ndash208 ndash209 ndash3318 ndash915 ndash917 ndash5369 ndash1409 ndash1418 26 ndash5242 ndash1124 ndash1182 ndash9634 ndash2384 ndash2489 ndash2147 ndash464 ndash515 ndash4736 ndash1076 ndash1112 ndash29107 ndash6790 ndash7187 ndash13257 ndash3939 ndash4033 27

ndash327 ndash79 ndash81 ndash466 ndash117 ndash117 ndash115 ndash28 ndash29 ndash68 ndash16 ndash15 ndash115 ndash24 ndash25 ndash770 ndash146 ndash156 28 ndash17139 ndash5087 ndash5190 ndash25452 ndash5626 ndash4994 ndash2452 ndash765 ndash612 ndash24354 ndash5206 ndash5982 ndash69089 ndash18700 ndash15716 ndash39239 ndash10152 ndash11662 29 ndash17096 ndash5074 ndash5181 ndash25406 ndash5612 ndash4984 ndash2426 ndash758 ndash606 ndash24343 ndash5203 ndash5980 ndash68851 ndash18643 ndash15657 ndash38911 ndash10063 ndash11583 30 ndash10891 ndash3379 ndash3368 ndash18006 ndash3685 ndash3072 ndash1485 ndash522 ndash370 ndash17742 ndash3493 ndash4212 ndash27507 ndash8199 ndash5307 ndash16686 ndash4281 ndash5632 31 ndash5309 ndash1297 ndash1323 ndash5984 ndash1585 ndash1560 ndash493 ndash129 ndash129 ndash5796 ndash1525 ndash1591 ndash37618 ndash9378 ndash9256 ndash13409 ndash3575 ndash3699 32

ndash896 ndash398 ndash490 ndash1416 ndash342 ndash352 ndash448 ndash107 ndash107 ndash805 ndash185 ndash177 ndash3726 ndash1066 ndash1094 ndash8816 ndash2207 ndash2252 33 ndash43 ndash13 ndash9 ndash46 ndash14 ndash10 ndash26 ndash8 ndash6 ndash10 ndash3 ndash2 ndash237 ndash57 ndash59 ndash328 ndash89 ndash79 34

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 35 ndash1 () 0 0 0 0 ndash1 () 0 0 0 0 () () 0 ndash1947 ndash568 ndash619 36

ndash122 ndash30 ndash31 ndash486 ndash123 ndash126 ndash253 ndash64 ndash66 ndash37 ndash9 ndash9 ndash314 ndash78 ndash80 ndash144 ndash36 ndash37 37 ndash23 ndash41 78 2390 738 698 ndash319 ndash50 ndash80 ndash95 2 ndash14 ndash368 ndash5 ndash59 ndash5429 ndash1881 ndash1650 38

0 0 na 0 0 na 0 0 na 0 0 na 0 0 na ndash4 0 na 39

89075 1335 12642 28088 7322 18845 39988 2727 3477 ndash58127 ndash156 ndash9152 ndash104634 25425 35368 12160 14464 11857 40 ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 0 0 0 0 0 0 0 0 0 ndash44 ndash10 ndash2 41

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 44

ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 ndash44 ndash10 ndash2 45 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash312 ndash70 ndash2 ndash475 421 ndash4 46 0 0 0 0 0 0 0 0 0 0 0 0 ndash310 ndash71 0 ndash151 ndash9 ndash48 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 32 44 48 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash2 1 ndash2 ndash451 398 0 49

89331 1397 12702 28241 7370 18866 39988 2727 3476 ndash58127 ndash156 ndash9152 ndash104322 25495 35370 12679 14053 11863 50 ndash77 ndash1859 ndash873 ndash8347 378 1241 ndash450 ndash769 ndash99 ndash55685 ndash9841 ndash15241 ndash36799 ndash20756 ndash3127 ndash21536 ndash12428 ndash3600 51

ndash679 5731 11232 42656 15165 21425 16734 3639 2290 6130 5329 5955 ndash83257 24339 ndash28376 38411 12806 3546 52 1013 ndash164 ndash732 ndash34478 634 1147 590 ndash254 ndash3 1542 780 ndash212 ndash42977 ndash43764 10082 ndash1021 891 19 53

89074 ndash2311 3075 28410 ndash8807 ndash4947 23114 111 1288 ndash10114 3576 346 58711 65676 56791 ndash3175 12784 11898 54

104407 ndash20790 30433 26049 897 ndash11628 14088 ndash378 ndash140 ndash2236 2128 ndash2409 200053 ndash17666 ndash185134 94923 1675 33978 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 39 6 52 ndash55 21 ndash13 ndash27 11 6 ndash57 1 ndash42 166 ndash2 111 ndash641 ndash202 ndash372 60

( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

4281 2557 5606 13912 ndash1683 948 3266 913 ndash187 795 ndash5475 ndash1814 46799 7120 6326 25643 ndash4542 6960 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash27220 5065 ndash4296 ndash2229 ndash3035 ndash4577 1337 ndash854 ndash936 ndash5642 2507 ndash2730 ndash48252 ndash6596 ndash27612 ndash7368 767 276 66 na na na na na na na na na na na na na na na na na na 67 ndash61 ndash150 ndash249 ndash6635 ndash1808 ndash4149 329 ndash309 135 43 4155 ndash313 10217 15559 4082

18 ndash ndash168 606 ndash64 68

18 127368 18 ndash28268 18 29320 18 21056 18 7402 18 ndash3837 18 9183 18 ndash139 18 842 18 2625 18 940 18 2490 18 191123 18 ndash33747 168041 18 77457 18 5046 18 27178 69 ndash11890 2019 ndash350 2764 1751 202 ndash1988 300 ndash102 1824 ndash182 ndash404 28499 ndash5753 ndash2261 ndash1666 2248 ndash944 70

ndash169076 21305 20 ndash39006 6706 6373 20 9416 ndash34809 1160 20 2792 ndash5259 ndash18046 20 ndash4859 ndash138370 ndash6343 20 146385 ndash99033 ndash18605 20 ndash42114 71

ndash12186 ndash2777 ndash2071 ndash49799 ndash13202 ndash13555 ndash18081 ndash4038 ndash5483 18588 3938 4502 5158 1873 252 ndash18066 ndash640 ndash2207 72 1659 591 ndash65 ndash5104 ndash1273 ndash1549 836 530 ndash324 6047 1272 1241 7301 2318 2225 9056 1518 1002 73

ndash10526 ndash2187 ndash2136 ndash54903 ndash14475 ndash15104 ndash17245 ndash3508 ndash5807 24635 5210 5743 12459 4191 2478 ndash9010 878 ndash1205 74 ndash1844 ndash1611 ndash1630 ndash10607 ndash2483 ndash2303 539 ndash187 ndash74 39295 11054 11105 2675 229 3304 10150 1825 734 75

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 76 ndash12515 ndash3869 ndash3719 ndash63607 ndash16344 ndash16834 ndash17279 ndash3809 ndash6027 63797 16256 16825 14452 4337 5642 ndash6380 218 ndash2777 77

86 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Canada Latin America and Other Western Hemisphere South and Central America Argentina

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 402931 101673 106359 633079 159255 165534 477157 124087 127717 18161 4244 4965 2 Exports of goods and services 338553 86742 91416 484383 124423 128735 426245 110587 114618 15694 3565 4442 3 Goods balance of payments basis 2 282277 71983 76472 368416 96426 100092 345332 90787 94129 9927 2111 3044 4 Services 3 56277 14759 14944 115968 27997 28643 80914 19800 20489 5767 1454 1398 5 Transfers under US military agency sales contracts 4 157 23 33 567 151 146 446 119 114 2 1 1 6 Travel 19366 5696 5990 27076 6044 6854 24510 5518 6358 1891 482 450 7 Passenger fares 4598 1187 1060 10838 2708 2823 9887 2508 2582 896 251 222 8 Other transportation 3161 761 869 6007 1387 1417 4854 1087 1118 176 30 37 9 Royalties and license fees 5 9589 2159 2264 14319 3461 3611 9838 2394 2507 837 162 169

10 Other private services 5 19362 4910 4715 56968 14199 13744 31222 8135 7771 1953 525 516 11 US government miscellaneous services 44 23 13 192 47 48 157 38 39 11 3 3 12 Income receipts 64378 14930 14943 148695 34832 36799 50912 13500 13098 2467 679 523 13 Income receipts on US-owned assets abroad 64177 14878 14892 148526 34789 36755 50798 13471 13069 2461 677 521 14 Direct investment receipts 40729 8691 8488 99603 21968 23462 35878 9229 8231 1870 525 368 15 Other private receipts 23446 6187 6404 48676 12697 13202 14715 4126 4752 586 150 152 16 US government receipts 2 () 1 247 123 90 206 116 86 5 2 () 17 Compensation of employees 201 52 51 169 44 44 113 29 30 6 2 2 18 Imports of goods and services and income payments ndash373703 ndash97270 ndash97128 ndash599466 ndash155846 ndash157019 ndash484627 ndash127567 ndash129141 ndash6561 ndash1690 ndash1554 19 Imports of goods and services ndash349007 ndash89991 ndash91472 ndash529285 ndash137234 ndash137872 ndash461535 ndash121388 ndash122539 ndash6284 ndash1621 ndash1478 20 Goods balance of payments basis 2 ndash320538 ndash83734 ndash84094 ndash442901 ndash115705 ndash116132 ndash423127 ndash110971 ndash111886 ndash4582 ndash1109 ndash1050 21 Services 3 ndash28469 ndash6257 ndash7378 ndash86384 ndash21529 ndash21740 ndash38407 ndash10417 ndash10652 ndash1702 ndash512 ndash429 22 Direct defense expenditures ndash211 ndash49 ndash50 ndash286 ndash62 ndash75 ndash259 ndash56 ndash68 ndash5 ndash1 ndash1 23 Travel ndash7064 ndash980 ndash1859 ndash24261 ndash6900 ndash6982 ndash18275 ndash5243 ndash5402 ndash575 ndash222 ndash136 24 Passenger fares ndash593 ndash150 ndash160 ndash3500 ndash1041 ndash966 ndash2851 ndash869 ndash812 ndash72 ndash26 ndash14 25 Other transportation ndash4790 ndash1153 ndash1257 ndash5531 ndash1379 ndash1300 (D) (D) ndash825 ndash138 ndash39 ndash40 26 Royalties and license fees 5 ndash981 ndash237 ndash239 ndash2745 ndash756 ndash779 (D) (D) ndash588 ndash177 ndash53 ndash55 27 Other private services 5 ndash14600 ndash3629 ndash3755 ndash49411 ndash11235 ndash11474 ndash10874 ndash2652 ndash2817 ndash721 ndash168 ndash179 28 US government miscellaneous services ndash231 ndash58 ndash58 ndash650 ndash156 ndash165 ndash557 ndash133 ndash141 ndash14 ndash3 ndash4 29 Income payments ndash24696 ndash7279 ndash5656 ndash70181 ndash18611 ndash19147 ndash23093 ndash6179 ndash6602 ndash277 ndash69 ndash76 30 Income payments on foreign-owned assets in the United States ndash24089 ndash7122 ndash5506 ndash60296 ndash16523 ndash16724 ndash13794 ndash4213 ndash4324 ndash238 ndash59 ndash66 31 Direct investment payments ndash11082 ndash3608 ndash1789 ndash4518 ndash1778 ndash1894 ndash2317 ndash1095 ndash1152 29 6 2 32 Other private payments ndash11807 ndash3187 ndash3340 ndash42380 ndash11224 ndash11314 ndash3333 ndash899 ndash906 ndash222 ndash54 ndash57 33 US government payments ndash1200 ndash327 ndash377 ndash13398 ndash3521 ndash3516 ndash8144 ndash2219 ndash2266 ndash45 ndash11 ndash11 34 Compensation of employees ndash607 ndash157 ndash150 ndash9885 ndash2088 ndash2423 ndash9299 ndash1966 ndash2278 ndash40 ndash9 ndash10 35 Unilateral current transfers net ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 36 US government grants 4 0 0 0 ndash2869 ndash623 ndash590 ndash2021 ndash453 ndash438 ndash9 () () 37 US government pensions and other transfers ndash724 ndash185 ndash190 ndash912 ndash223 ndash228 ndash759 ndash186 ndash190 ndash36 ndash9 ndash9 38 Private remittances and other transfers 6

Capital account ndash1436 ndash335 ndash294 ndash13823 ndash3193 ndash3730 ndash23209 ndash5826 ndash5730 ndash93 ndash71 ndash26

39 Capital account transactions net Financial account

0 0 na ndash3 ndash1 na ndash3 ndash1 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash111713 ndash4515 ndash15500 64877 58918 213803 ndash84031 ndash22815 ndash14665 ndash7017 ndash791 ndash527

41 US official reserve assets 0 0 0 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets 2 2 1 ndash889 ndash1132 106 ndash704 ndash1066 120 17 6 2 47 US credits and other long-term assets 0 0 0 ndash1684 ndash1178 ndash136 ndash1440 ndash1098 ndash101 ndash1 ndash2 0 48 Repayments on US credits and other long-term assets 8 4 1 1 780 51 236 715 41 211 16 8 1 49 US foreign currency holdings and US short-term assets ndash2 1 () 15 ndash5 6 21 ndash9 10 2 () 1 50 US private assets ndash111716 ndash4517 ndash15501 65767 60050 213697 ndash83327 ndash21748 ndash14785 ndash7034 ndash797 ndash528 51 Direct investment ndash40410 ndash8465 ndash6878 ndash84540 ndash19396 ndash22232 ndash29720 ndash8567 ndash7065 ndash2801 ndash603 ndash1038 52 Foreign securities ndash39029 ndash7264 ndash6644 ndash36906 ndash13879 1445 ndash19927 ndash9326 ndash850 ndash3262 416 573 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1630 278 474 39561 ndash9919 ndash8259 1841 ndash1264 1219 180 68 42 54 US claims reported by US banks and securities brokers 14 ndash33907 10934 ndash2453 147652 103244 242743 ndash35521 ndash2591 ndash8089 ndash1151 ndash678 ndash105 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 58606 5800 20632 30655 1570 ndash57873 86453 18702 31986 ndash1553 203 275 56 Foreign official assets in the United States 3872 ndash535 ndash695 49694 7983 24414 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash20 6 ndash7 194 133 ndash6 190 134 ndash8 6 ndash2 6 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 54734 6335 21327 ndash19039 ndash6413 ndash82287 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 18661 2236 2330 18373 1209 1865 7148 306 849 ndash171 ndash18 19 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 17289 ndash4464 5774 63628 9846 ndash13209 10861 2100 3157 ndash178 ndash157 254 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ndash36 ndash17 8 69 US liabilities reported by US banks and securities brokers 15 24333 ndash8587 4456 ndash126740 ndash22425 ndash61915 18 68254 18 16162 18 27988 18 ndash1174 18 397 18 ndash12 70 Financial derivatives net 3206 ndash130 3705 11754 6556 ndash262 4779 247 593 ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 22833 ndash5038 20 ndash17584 ndash123292 ndash66413 20 ndash159635 26262 13812 20 ndash10133 ndash2891 ndash1886 20 ndash3124

72 Balance on goods (lines 3 and 20) ndash38261 ndash11751 ndash7622 ndash74486 ndash19279 ndash16040 ndash77796 ndash20184 ndash17757 5345 1002 1995 73 Balance on services (lines 4 and 21) 27807 8502 7566 29584 6468 6903 42507 9383 9837 4065 942 969 74 Balance on goods and services (lines 2 and 19) ndash10454 ndash3249 ndash56 ndash44902 ndash12811 ndash9137 ndash35289 ndash10801 ndash7920 9410 1944 2964 75 Balance on income (lines 12 and 29) 39682 7652 9286 78514 16221 17652 27819 7321 6496 2190 610 447 76 Unilateral current transfers net (line 35) ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 27068 3883 8747 16009 ndash630 3967 ndash33459 ndash9945 ndash7782 11461 2474 3375

See the footnotes on pages 92ndash93

87 October 2012 SURVEY OF CURRENT BUSINESS

Transactions by AreamdashContinues of dollars]

Brazil Mexico Venezuela Other South and Central America Other Western Hemisphere

Line

2011 2012

2011 2012

2011 2012

2011 2012

2011 2012

I r II p I r II p I r II p I r II p I r II p

83472 20310 20670 239968 63848 64396 20390 5803 6446 115165 29880 31239 155922 35169 37817 1 64542 15449 16051 224007 59628 59955 17985 5055 5677 104018 26889 28493 58138 13836 14117 2 42821 10156 10674 198711 53214 53492 12338 3719 4286 81535 21586 22633 23084 5639 5963 3 21721 5293 5377 25296 6414 6463 5647 1336 1391 22483 5302 5860 35054 8197 8154 4

9 6 3 60 17 14 () () () 375 96 95 121 32 32 5 5878 1434 1466 6424 1478 1667 1993 354 426 8324 1770 2349 2566 526 496 6 2575 617 635 2825 836 799 946 168 182 2645 636 744 951 200 241 7 1132 257 270 1242 230 226 250 62 65 2054 508 520 1153 300 299 8 3743 844 885 2769 747 781 548 182 189 1940 459 482 4482 1067 1104 9 8374 2133 2115 11947 3099 2968 1908 569 528 7040 1808 1643 25746 6064 5973 10

9 2 2 29 7 8 2 () () 106 26 27 35 9 9 11 18931 4861 4620 15962 4220 4441 2405 748 770 11147 2992 2745 97784 21332 23701 12 18914 4857 4615 15929 4212 4433 2399 747 768 11095 2978 2732 97728 21318 23686 13 11594 2809 2187 11854 3060 3051 2053 651 676 8507 2183 1949 63725 12740 15231 14

7257 2045 2406 3973 1148 1330 346 96 92 2553 687 772 33961 8571 8450 15 63 3 22 102 4 52 0 0 0 35 108 11 42 7 5 16 17 4 4 32 8 8 6 2 2 52 13 13 56 14 15 17

ndash43642 ndash12067 ndash11774 ndash294643 ndash78202 ndash79993 ndash45115 ndash10761 ndash9369 ndash94665 ndash24845 ndash26450 ndash114839 ndash28279 ndash27879 18 ndash38519 ndash10676 ndash10244 ndash281307 ndash74583 ndash76170 ndash44215 ndash10603 ndash9218 ndash91209 ndash23905 ndash25429 ndash67751 ndash15846 ndash15333 19 ndash31549 ndash8821 ndash8261 ndash267345 ndash70579 ndash72443 ndash43391 ndash10389 ndash9011 ndash76260 ndash20073 ndash21123 ndash19774 ndash4734 ndash4246 20 ndash6970 ndash1855 ndash1984 ndash13962 ndash4004 ndash3727 ndash824 ndash215 ndash207 ndash14949 ndash3832 ndash4306 ndash47977 ndash11112 ndash11088 21

ndash15 ndash1 ndash4 ndash11 ndash3 ndash2 ndash2 0 0 ndash226 ndash51 ndash61 ndash27 ndash6 ndash7 22 ndash1065 ndash305 ndash372 ndash8616 ndash2657 ndash2375 ndash277 ndash71 ndash65 ndash7742 ndash1988 ndash2454 ndash5986 ndash1657 ndash1580 23

ndash327 ndash97 ndash98 ndash702 ndash240 ndash238 ndash64 ndash20 ndash17 ndash1686 ndash486 ndash445 ndash649 ndash172 ndash154 24 ndash541 (D) ndash141 ndash871 ndash184 ndash150 ndash221 (D) ndash58 (D) ndash464 ndash436 (D) (D) ndash475 25

ndash1065 (D) ndash325 ndash476 ndash124 ndash123 ndash104 (D) ndash33 (D) ndash51 ndash52 (D) (D) ndash191 26 ndash3931 ndash987 ndash1037 ndash3080 ndash746 ndash787 ndash148 ndash30 ndash32 ndash2993 ndash719 ndash782 ndash38537 ndash8583 ndash8656 27

ndash26 ndash6 ndash7 ndash206 ndash50 ndash52 ndash8 ndash2 ndash2 ndash304 ndash72 ndash76 ndash92 ndash23 ndash24 28 ndash5123 ndash1392 ndash1530 ndash13336 ndash3620 ndash3823 ndash900 ndash158 ndash152 ndash3456 ndash941 ndash1021 ndash47088 ndash12433 ndash12545 29 ndash5061 ndash1375 ndash1515 ndash4752 ndash1814 ndash1720 ndash878 ndash151 ndash147 ndash2865 ndash813 ndash876 ndash46503 ndash12310 ndash12400 30

5 (D) ndash195 ndash1785 ndash1002 ndash885 (D) (D) ndash40 (D) () ndash34 ndash2202 ndash683 ndash742 31 ndash205 ndash55 ndash57 ndash1231 ndash329 ndash319 ndash198 ndash59 ndash61 ndash1477 ndash402 ndash412 ndash39047 ndash10325 ndash10408 32

ndash4861 (D) ndash1263 ndash1736 ndash483 ndash516 (D) (D) ndash46 (D) ndash411 ndash430 ndash5254 ndash1302 ndash1250 33 ndash62 ndash16 ndash15 ndash8584 ndash1806 ndash2104 ndash22 ndash7 ndash5 ndash591 ndash128 ndash146 ndash586 ndash122 ndash145 34

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 35 ndash41 ndash9 ndash6 ndash495 ndash89 ndash92 ndash22 ndash1 ndash2 ndash1454 ndash354 ndash337 ndash848 ndash170 ndash152 36 ndash27 ndash7 ndash7 ndash382 ndash92 ndash94 ndash4 ndash1 ndash1 ndash310 ndash77 ndash79 ndash153 ndash37 ndash38 37

ndash364 ndash105 ndash80 ndash13756 ndash3426 ndash3424 ndash32 22 ndash3 ndash8964 ndash2246 ndash2196 9387 2633 2000 38

0 0 na 0 0 na 0 0 na ndash3 ndash1 na 0 0 na 39

ndash39462 ndash6335 ndash1387 ndash23906 ndash9076 ndash7132 ndash3155 ndash688 324 ndash10491 ndash5926 ndash5944 148908 81733 228468 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

45 90 6 72 ndash685 ndash20 84 0 0 0 ndash126 ndash1058 ndash37 ndash186 ndash65 ndash14 46

ndash90 ndash4 0 ndash820 ndash20 ndash4 0 0 0 ndash528 ndash1073 ndash97 ndash244 ndash80 ndash35 47 180 21 68 142 3 77 0 0 0 376 10 66 64 10 25 48

0 ndash11 4 ndash7 ndash3 11 0 0 0 26 5 ndash6 ndash6 4 ndash4 49 ndash39552 ndash6340 ndash1459 ndash23221 ndash9055 ndash7215 ndash3155 ndash688 324 ndash10365 ndash4868 ndash5907 149094 81798 228482 50 ndash9805 ndash2816 ndash1213 ndash8310 ndash2749 ndash2507 ndash2324 ndash182 ndash688 ndash6480 ndash2217 ndash1619 ndash54820 ndash10829 ndash15167 51 ndash2892 ndash4428 ndash415 ndash14634 ndash5488 ndash1566 ndash726 ndash43 792 1587 217 ndash234 ndash16979 ndash4553 2295 52

210 4 89 1183 ndash532 487 5 ndash261 253 263 ndash543 348 37720 ndash8655 ndash9478 53 ndash27065 900 80 ndash1460 ndash286 ndash3629 ndash110 ndash202 ndash33 ndash5735 ndash2325 ndash4402 183173 105835 250832 54

36759 9432 5839 18473 1844 20673 5572 ndash2710 ndash299 27201 9933 5498 ndash55797 ndash17132 ndash89859 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 123 41 ndash32 81 ndash1 7 0 0 0 ndash20 96 11 4 ndash1 2 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

3664 ndash131 269 2491 292 843 996 68 ndash206 167 95 ndash76 11226 903 1016 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 197 635 1248 8127 751 1201 841 299 232 1874 572 222 52767 7746 ndash16366 66 na na na na na na na na na na na na na na na 67 305 10 194 ndash210 ndash95 101 ndash278 190 36 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 68

18 32470 18 8877 18 4160 18 7984 18 897 18 18521 18 4013 18 ndash3267 18 ndash361 18 25180 18 9170 18 5341 18 ndash119794 18 ndash25780 18 ndash74511 69 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 4779 247 593 6975 6309 ndash855 70

ndash36695 ndash11219 20 ndash13255 74740 25193 20 5666 22366 8336 20 2904 ndash31258 ndash6612 20 ndash2323 ndash149554 ndash80225 20 ndash149503 71

11272 1335 2413 ndash68634 ndash17365 ndash18951 ndash31053 ndash6670 ndash4725 5275 1513 1511 3310 905 1717 72 14751 3438 3393 11334 2410 2736 4823 1122 1184 7534 1471 1554 ndash12923 ndash2915 ndash2934 73 26022 4773 5807 ndash57300 ndash14954 ndash16214 ndash26230 ndash5548 ndash3541 12809 2984 3064 ndash9613 ndash2010 ndash1217 74 13808 3470 3090 2626 600 617 1505 590 618 7691 2051 1724 50695 8900 11156 75

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 76 39398 8122 8803 ndash69307 ndash17961 ndash19207 ndash24784 ndash4938 ndash2929 9772 2358 2176 49468 9316 11749 77

88 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Asia and Pacific Australia China Hong Kong

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 712963 183175 182661 65972 17277 17407 144330 37377 34783 54341 13492 13744 2 Exports of goods and services 586414 151245 149694 43830 11284 11869 131994 34881 32272 43780 11197 11770 3 Goods balance of payments basis 2 418116 105377 107533 27463 7466 7666 105263 27268 26187 37687 9676 10285 4 Services 3 168298 45868 42162 16368 3818 4203 26731 7613 6085 6093 1521 1485 5 Transfers under US military agency sales contracts 4 10374 2616 2650 264 79 52 () () () () () () 6 Travel 31798 8098 8383 4252 890 1335 5689 1306 1316 444 114 134 7 Passenger fares 9344 2765 2338 711 223 163 2051 566 429 147 41 44 8 Other transportation 14522 3531 3694 481 112 113 2358 558 597 1743 406 400 9 Royalties and license fees 5 34696 9014 9477 3314 717 748 4114 1044 1092 621 145 151

10 Other private services 5 67074 19711 15500 7330 1794 1784 12490 4132 2644 3132 814 754 11 US government miscellaneous services 489 133 120 16 4 7 28 8 7 6 2 2 12 Income receipts 126549 31930 32967 22142 5993 5538 12336 2496 2511 10562 2296 1973 13 Income receipts on US-owned assets abroad 126123 31822 32858 22116 5987 5532 12270 2480 2495 10562 2296 1973 14 Direct investment receipts 80723 19759 19344 11637 3281 2764 9677 1736 1561 6559 1259 814 15 Other private receipts 44991 11929 13368 10468 2705 2768 2561 737 929 3994 1036 1155 16 US government receipts 408 134 146 11 1 0 32 7 5 9 () 4 17 Compensation of employees 427 109 109 26 7 7 65 16 17 0 0 0 18 Imports of goods and services and income payments ndash1067404 ndash266832 ndash280673 ndash24586 ndash6257 ndash6386 ndash456388 ndash107956 ndash117962 ndash19186 ndash4937 ndash5118 19 Imports of goods and services ndash926939 ndash231327 ndash245201 ndash16984 ndash4029 ndash4172 ndash412037 ndash97308 ndash107348 ndash11847 ndash3050 ndash3216 20 Goods balance of payments basis 2 ndash818921 ndash202330 ndash216305 ndash10437 ndash2307 ndash2539 ndash400642 ndash94271 ndash104182 ndash4891 ndash1280 ndash1411 21 Services 3 ndash108018 ndash28997 ndash28896 ndash6546 ndash1722 ndash1633 ndash11395 ndash3036 ndash3166 ndash6955 ndash1770 ndash1806 22 Direct defense expenditures ndash9816 ndash2645 ndash2625 ndash171 ndash46 ndash63 ndash12 ndash3 ndash3 ndash28 ndash3 ndash2 23 Travel ndash17883 ndash5045 ndash4871 ndash1597 ndash441 ndash418 ndash2691 ndash813 ndash854 ndash1115 ndash289 ndash344 24 Passenger fares ndash10817 ndash3499 ndash2982 ndash951 ndash309 ndash192 ndash614 ndash180 ndash198 ndash1392 ndash408 ndash369 25 Other transportation ndash19243 ndash4710 ndash4902 ndash278 ndash69 ndash70 ndash3081 ndash768 ndash763 ndash2061 ndash508 ndash510 26 Royalties and license fees 5 ndash8635 ndash2659 ndash2684 ndash492 ndash123 ndash123 ndash186 ndash51 ndash50 ndash66 ndash20 ndash20 27 Other private services 5 ndash40688 ndash10246 ndash10641 ndash2997 ndash719 ndash753 ndash4757 ndash1211 ndash1286 ndash2252 ndash532 ndash550 28 US government miscellaneous services ndash936 ndash193 ndash192 ndash60 ndash15 ndash14 ndash54 ndash10 ndash12 ndash41 ndash10 ndash11 29 Income payments ndash140465 ndash35505 ndash35471 ndash7603 ndash2228 ndash2214 ndash44351 ndash10649 ndash10614 ndash7340 ndash1887 ndash1902 30 Income payments on foreign-owned assets in the United States ndash138498 ndash34879 ndash35042 ndash7534 ndash2211 ndash2198 ndash43905 ndash10486 ndash10525 ndash7317 ndash1879 ndash1897 31 Direct investment payments ndash23368 ndash6008 ndash6014 ndash3864 ndash1247 ndash1211 ndash172 ndash50 ndash122 ndash240 ndash81 ndash101 32 Other private payments ndash27471 ndash7437 ndash7757 ndash3145 ndash814 ndash835 ndash3930 ndash1137 ndash1229 ndash1562 ndash436 ndash448 33 US government payments ndash87659 ndash21434 ndash21271 ndash525 ndash150 ndash152 ndash39803 ndash9299 ndash9174 ndash5515 ndash1362 ndash1348 34 Compensation of employees ndash1966 ndash626 ndash429 ndash69 ndash17 ndash17 ndash447 ndash163 ndash89 ndash23 ndash8 ndash4 35 Unilateral current transfers net ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 36 US government grants 4 ndash15849 ndash3413 ndash4491 0 0 0 ndash46 ndash5 ndash5 0 0 0 37 US government pensions and other transfers ndash1182 ndash309 ndash317 ndash108 ndash29 ndash30 ndash12 ndash3 ndash3 ndash16 ndash4 ndash4 38 Private remittances and other transfers 6

Capital account ndash23825 ndash6261 ndash4897 ndash1494 ndash143 ndash5 ndash2916 ndash964 ndash593 ndash468 ndash123 ndash94

39 Capital account transactions net Financial account

ndash133 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash163615 9670 ndash40015 ndash32996 ndash928 10070 ndash1342 ndash932 ndash1142 ndash13687 12961 ndash20268

41 US official reserve assets 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 933 ndash14 ndash14 46 US government assets other than official reserve assets ndash15051 ndash275 13313 ndash338 9 2 104 40 ndash2 ndash223 5 2 47 US credits and other long-term assets ndash1797 ndash930 ndash328 ndash340 0 0 0 0 0 ndash233 0 0 48 Repayments on US credits and other long-term assets 8 766 123 201 3 10 2 113 27 21 9 6 2 49 US foreign currency holdings and US short-term assets ndash14019 532 13440 () ndash1 () ndash9 13 ndash23 1 ndash1 () 50 US private assets ndash149497 9958 ndash53315 ndash32658 ndash937 10068 ndash1446 ndash973 ndash1140 ndash13464 12956 ndash20271 51 Direct investment ndash41439 ndash15963 ndash15740 ndash13684 ndash5427 ndash4156 1663 ndash2168 ndash1309 ndash4834 3459 ndash4802 52 Foreign securities 9139 ndash3568 29465 ndash1253 211 7702 ndash1171 3467 1226 8251 ndash3719 3589 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 2832 996 ndash6361 703 519 414 ndash91 ndash82 248 366 ndash407 ndash1330 54 US claims reported by US banks and securities brokers 14 ndash120029 28493 ndash60679 ndash18424 3760 6108 ndash1847 ndash2190 ndash1305 ndash17247 13623 ndash17728 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 270599 97594 62778 21992 ndash2427 5853 ndash31594 68961 26870 ndash7998 2568 ndash13652 56 Foreign official assets in the United States 78682 54430 9587 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 6201 882 799 479 ndash36 375 0 0 0 0 0 0 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 191917 43164 53191 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 46176 7070 11264 17446 2116 ndash1192 576 ndash320 259 491 79 123 65 US Treasury securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 13025 9360 147 ndash2046 ndash1242 ndash961 ndash1372 2974 ndash3746 ndash8032 498 ndash1779 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ndash192 55 148 1466 931 269 ndash327 544 ndash22 69 US liabilities reported by US banks and securities brokers 15 87809 ndash5547 56741 18 6305 18 ndash3320 18 7483 18 ndash32264 18 65376 18 30088 18 ndash130 18 1447 18 ndash11974 70 Financial derivatives net 1189 517 ndash251 ndash180 ndash1005 ndash2706 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 287256 ndash14141 20 85206 ndash28599 ndash6489 20 ndash24203 347969 3522 20 58052 ndash12986 ndash23957 20 25393

72 Balance on goods (lines 3 and 20) ndash400805 ndash96953 ndash108773 17025 5159 5127 ndash295378 ndash67003 ndash77995 32796 8396 8875 73 Balance on services (lines 4 and 21) 60280 16871 13265 9821 2096 2570 15335 4577 2919 ndash862 ndash249 ndash321 74 Balance on goods and services (lines 2 and 19) ndash340526 ndash80082 ndash95507 26846 7255 7697 ndash280043 ndash62427 ndash75076 31933 8147 8554 75 Balance on income (lines 12 and 29) ndash13915 ndash3575 ndash2504 14540 3765 3324 ndash32016 ndash8153 ndash8103 3222 409 72 76 Unilateral current transfers net (line 35) ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash395296 ndash93640 ndash107717 39784 10849 10986 ndash315033 ndash71551 ndash83780 34672 8428 8527

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 89

Transactions by AreamdashContinues of dollars]

India Japan Korea Republic of Singapore Taiwan Other Asia and Pacific

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

38473 9870 10301 135847 35489 34599 70379 18851 17494 65136 16312 17598 42014 10642 11123 96471 23864 25612 1 32724 8196 8390 112133 30043 28695 61917 16842 15360 42035 10253 11017 37957 9527 9907 80045 19023 20415 2 21616 4892 5420 67204 17713 17768 45150 11959 11299 31373 7417 8018 27113 6282 6708 55247 12704 14180 3 11108 3304 2969 44929 12330 10927 16767 4883 4060 10661 2836 2999 10844 3244 3199 24798 6319 6235 4

39 31 15 346 78 93 153 38 47 174 42 80 369 106 138 9030 2242 2226 5 3079 658 1150 10141 3020 2158 3673 1184 915 629 119 195 1114 267 293 2777 540 887 6 1339 296 509 4614 1585 1032 124 21 33 6 5 3 2 1 () 350 27 125 7

351 97 81 3540 887 901 2127 483 540 798 215 225 1876 454 506 1248 319 331 8 676 175 183 10653 2513 2638 4532 1251 1321 3822 992 1041 5146 1686 1787 1817 493 516 9

5574 2035 1019 15445 4192 4064 6105 1893 1189 5196 1454 1446 2307 721 468 9494 2677 2132 10 50 13 12 189 55 41 52 13 14 37 10 9 30 9 7 82 21 19 11

5749 1674 1911 23714 5446 5904 8462 2009 2134 23101 6059 6581 4057 1115 1216 16426 4841 5197 12 5730 1669 1906 23635 5426 5884 8456 2007 2132 23074 6053 6574 4037 1110 1211 16242 4794 5149 13 3402 1018 1122 9948 1807 2030 4382 910 760 21223 5583 6072 1962 546 462 11934 3620 3757 14 2314 604 781 13621 3594 3821 4058 1096 1363 1851 470 502 2075 564 749 4049 1123 1300 15

14 47 3 67 25 33 16 2 9 0 0 0 0 0 0 259 52 92 16 19 5 5 79 20 20 6 2 2 27 7 7 20 5 5 185 47 47 17

ndash54951 ndash14456 ndash15188 ndash215400 ndash59554 ndash58560 ndash74037 ndash18587 ndash20705 ndash30999 ndash8162 ndash8031 ndash55557 ndash12474 ndash13799 ndash136300 ndash34448 ndash34925 18 ndash53259 ndash14003 ndash14769 ndash159286 ndash45430 ndash44371 ndash68479 ndash16940 ndash18992 ndash24603 ndash6470 ndash6390 ndash48605 ndash10802 ndash12146 ndash131840 ndash33296 ndash33797 19 ndash36338 ndash9532 ndash10415 ndash131836 ndash38178 ndash36813 ndash57454 ndash13926 ndash15897 ndash20081 ndash5239 ndash5138 ndash41526 ndash8870 ndash10234 ndash115717 ndash28727 ndash29677 20 ndash16921 ndash4471 ndash4355 ndash27450 ndash7251 ndash7558 ndash11025 ndash3014 ndash3095 ndash4522 ndash1231 ndash1252 ndash7079 ndash1933 ndash1912 ndash16123 ndash4569 ndash4120 21

ndash19 ndash2 ndash12 ndash2425 ndash696 ndash690 ndash2609 ndash729 ndash700 ndash57 ndash37 ndash15 ndash310 ndash77 ndash85 ndash4185 ndash1052 ndash1055 22 ndash2196 ndash553 ndash383 ndash3435 ndash794 ndash1001 ndash1677 ndash435 ndash548 ndash349 ndash120 ndash101 ndash1022 ndash321 ndash283 ndash3801 ndash1279 ndash939 23

ndash239 ndash80 ndash52 ndash1526 ndash467 ndash464 ndash2355 ndash740 ndash650 ndash289 ndash84 ndash70 ndash1695 ndash568 ndash505 ndash1756 ndash663 ndash482 24 ndash185 ndash54 ndash37 ndash6064 ndash1526 ndash1557 ndash3129 ndash719 ndash790 ndash897 ndash195 ndash227 ndash2751 ndash675 ndash735 ndash797 ndash196 ndash213 25 ndash153 ndash73 ndash75 ndash7475 ndash2313 ndash2336 ndash118 ndash39 ndash40 ndash51 ndash12 ndash12 ndash43 ndash11 ndash11 ndash52 ndash17 ndash16 26

ndash14104 ndash3702 ndash3789 ndash6272 ndash1431 ndash1485 ndash1098 ndash342 ndash358 ndash2856 ndash776 ndash821 ndash1251 ndash279 ndash291 ndash5099 ndash1255 ndash1308 27 ndash26 ndash7 ndash7 ndash252 ndash24 ndash25 ndash39 ndash10 ndash10 ndash22 ndash6 ndash6 ndash8 ndash2 ndash2 ndash432 ndash108 ndash107 28

ndash1692 ndash453 ndash418 ndash56114 ndash14125 ndash14190 ndash5557 ndash1647 ndash1712 ndash6396 ndash1693 ndash1640 ndash6953 ndash1672 ndash1653 ndash4459 ndash1152 ndash1128 29 ndash1096 ndash270 ndash283 ndash56014 ndash14091 ndash14166 ndash5360 ndash1574 ndash1673 ndash6381 ndash1688 ndash1637 ndash6880 ndash1645 ndash1638 ndash4012 ndash1034 ndash1026 30

ndash370 ndash112 ndash117 ndash15459 ndash3421 ndash3426 ndash1322 ndash590 ndash665 ndash1157 ndash331 ndash250 ndash692 ndash155 ndash129 ndash93 ndash20 6 31 ndash67 ndash13 ndash11 ndash11996 ndash3266 ndash3381 ndash857 ndash197 ndash201 ndash3777 ndash1001 ndash1049 ndash1325 ndash348 ndash365 ndash812 ndash225 ndash238 32

ndash659 ndash145 ndash155 ndash28559 ndash7404 ndash7359 ndash3181 ndash787 ndash807 ndash1447 ndash356 ndash338 ndash4863 ndash1142 ndash1144 ndash3107 ndash789 ndash794 33 ndash596 ndash183 ndash135 ndash100 ndash33 ndash24 ndash197 ndash73 ndash39 ndash15 ndash5 ndash3 ndash73 ndash27 ndash15 ndash448 ndash118 ndash102 34

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 35 ndash109 ndash21 ndash17 ndash104 ndash13 ndash12 ndash1 0 0 () 0 0 ndash5 () ndash1 ndash15583 ndash3374 ndash4456 36 ndash28 ndash7 ndash7 ndash329 ndash86 ndash88 ndash76 ndash20 ndash21 ndash8 ndash2 ndash2 ndash12 ndash3 ndash3 ndash593 ndash155 ndash159 37

ndash8440 ndash2353 ndash1979 ndash1712 ndash172 ndash170 ndash1109 ndash392 ndash248 ndash111 ndash24 ndash14 ndash255 ndash109 ndash56 ndash7319 ndash1981 ndash1736 38

0 0 na ndash54 0 na 0 0 na 0 0 na 0 0 na ndash79 0 na 39

ndash13288 ndash1805 ndash3387 ndash81550 18450 ndash32776 ndash10269 ndash3685 3296 ndash7396 ndash10497 3232 2399 1417 199 ndash5486 ndash5312 761 40 0 0 0 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

933 ndash14 ndash14 45 ndash10 ndash630 6 ndash13990 526 13467 ndash91 28 24 ndash3 3 ndash1 3 ndash4 () ndash503 ndash252 ndash185 46 ndash43 ndash635 0 0 0 0 ndash130 0 0 0 0 0 0 0 0 ndash1050 ndash296 ndash328 47 37 3 7 0 0 0 78 20 26 0 0 0 0 0 0 526 57 143 48 ndash4 2 ndash1 ndash13990 526 13467 ndash38 8 ndash2 ndash3 3 ndash1 3 ndash4 () 21 ndash14 () 49

ndash13278 ndash1175 ndash3393 ndash68493 17938 ndash46229 ndash10178 ndash3713 3272 ndash7393 ndash10500 3233 2397 1421 199 ndash4983 ndash5060 946 50 ndash2455 ndash1540 ndash1116 ndash5062 ndash1878 1421 ndash4305 ndash629 ndash90 ndash7571 ndash4140 ndash3167 469 ndash146 ndash313 ndash5659 ndash3495 ndash2208 51 ndash3377 ndash384 ndash487 2637 254 ndash592 ndash2288 ndash3298 4778 3321 864 7546 2692 ndash527 ndash396 327 ndash436 6099 52

ndash703 39 ndash8 ndash794 1422 ndash7063 220 346 307 3060 ndash286 1112 14 ndash529 ndash69 57 ndash26 28 53 ndash6743 710 ndash1782 ndash65274 18140 ndash39995 ndash3805 ndash132 ndash1723 ndash6203 ndash6938 ndash2258 ndash778 2623 977 292 ndash1103 ndash2973 54

ndash5117 1453 5993 240731 4050 37857 11463 5465 7038 9375 ndash218 ndash797 111 9295 ndash1336 31637 8446 ndash5048 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 439 ndash24 248 ndash16 ndash111 7 ndash66 ndash116 ndash14 ndash19 ndash12 ndash26 1096 261 231 4288 920 ndash22 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 764 () 686 18598 2799 9826 3594 1639 915 2546 761 337 539 112 112 1623 ndash117 198 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash641 ndash224 ndash120 28265 4930 885 1586 1217 1153 ndash4788 ndash1485 2064 1385 999 2054 ndash1332 1693 597 66 na na na na na na na na na na na na na na na na na na 67

ndash162 43 ndash104 301 389 ndash419 251 ndash28 ndash63 ( 18) ( 18) ( 18) ndash10 44 59 ( 18) ( 18) ( 18) 68 18 ndash5517 18 1658 18 5283 18 193583 18 ndash3957 18 27558 18 6098 18 2753 18 5047 18 11636 18 518 18 ndash3172 18 ndash2899 18 7879 18 ndash3792 18 27058 18 5950 18 ndash5821 69

( 19) ( 19) ( 19) ndash7822 496 ndash49 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 9191 1026 2504 70 43461 7318 20 4284 ndash69607 1340 20 19200 3651 ndash1632 20 ndash6854 ndash35996 2591 20 ndash11986 11305 ndash8768 20 3872 28060 11934 20 17447 71

ndash14722 ndash4640 ndash4994 ndash64632 ndash20465 ndash19045 ndash12304 ndash1967 ndash4598 11292 2178 2880 ndash14413 ndash2587 ndash3526 ndash60470 ndash16023 ndash15497 72 ndash5814 ndash1166 ndash1385 17479 5079 3369 5742 1868 965 6139 1605 1747 3764 1312 1287 8675 1750 2115 73

ndash20536 ndash5807 ndash6380 ndash47153 ndash15386 ndash15676 ndash6562 ndash98 ndash3633 17431 3783 4627 ndash10648 ndash1276 ndash2239 ndash51795 ndash14274 ndash13381 74 4057 1221 1493 ndash32400 ndash8679 ndash8285 2904 362 422 16706 4367 4941 ndash2895 ndash556 ndash436 11967 3690 4069 75

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 76 ndash25056 ndash6966 ndash6891 ndash81697 ndash24336 ndash24232 ndash4844 ndash148 ndash3480 34017 8124 9551 ndash13816 ndash1945 ndash2735 ndash63324 ndash16094 ndash15664 77

90 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Middle East Africa

2011 2012

2011 2012

I r II pI r II p

Current account 1 Exports of goods and services and income receipts 99843 26617 26982 57868 14189 14684 2 Exports of goods and services 82037 21951 22670 46669 11428 11925 3 Goods balance of payments basis 2 59397 16202 16800 33808 8052 8745 4 Services 3 22640 5749 5870 12860 3376 3180 5 Transfers under US military agency sales contracts 4 4181 981 870 602 196 138 6 Travel 3651 755 1034 1591 323 447 7 Passenger fares 530 97 162 645 149 170 8 Other transportation 2244 562 683 498 114 106 9 Royalties and license fees 5 1010 293 306 1192 275 287

10 Other private services 5 10942 3039 2794 8255 2300 2012 11 US government miscellaneous services 82 22 20 77 19 21 12 Income receipts 17806 4667 4312 11200 2760 2759 13 Income receipts on US-owned assets abroad 17625 4620 4266 11113 2737 2735 14 Direct investment receipts 15226 4016 3598 8520 2052 1888 15 Other private receipts 2261 575 631 2365 658 802 16 US government receipts 138 29 37 228 27 45 17 Compensation of employees 182 46 47 86 24 24 18 Imports of goods and services and income payments ndash133298 ndash34113 ndash40673 ndash103924 ndash19566 ndash21594 19 Imports of goods and services ndash124109 ndash31794 ndash38246 ndash102038 ndash19111 ndash21199 20 Goods balance of payments basis 2 ndash106531 ndash27874 ndash34059 ndash93323 ndash16991 ndash19017 21 Services 3 ndash17578 ndash3920 ndash4187 ndash8715 ndash2121 ndash2182 22 Direct defense expenditures ndash6256 ndash1131 ndash1100 ndash445 ndash95 ndash103 23 Travel ndash3009 ndash720 ndash940 ndash3422 ndash893 ndash887 24 Passenger fares ndash2336 ndash654 ndash672 ndash660 ndash179 ndash196 25 Other transportation ndash1565 ndash391 ndash396 ndash560 ndash128 ndash129 26 Royalties and license fees 5 ndash228 ndash57 ndash56 ndash66 ndash24 ndash25 27 Other private services 5 ndash3869 ndash893 ndash945 ndash2987 ndash652 ndash690 28 US government miscellaneous services ndash314 ndash74 ndash78 ndash576 ndash149 ndash152 29 Income payments ndash9189 ndash2319 ndash2427 ndash1886 ndash455 ndash395 30 Income payments on foreign-owned assets in the United States ndash9036 ndash2274 ndash2393 ndash1592 ndash380 ndash327 31 Direct investment payments ndash1 87 42 ndash512 ndash103 ndash41 32 Other private payments ndash5311 ndash1483 ndash1576 ndash398 ndash115 ndash124 33 US government payments ndash3724 ndash878 ndash859 ndash682 ndash162 ndash162 34 Compensation of employees ndash154 ndash45 ndash34 ndash294 ndash75 ndash68 35 Unilateral current transfers net ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 36 US government grants 4 ndash7644 ndash3235 ndash1231 ndash9807 ndash2017 ndash3178 37 US government pensions and other transfers ndash144 ndash36 ndash37 ndash40 ndash10 ndash10 38 Private remittances and other transfers 6

Capital account ndash3758 ndash856 ndash906 ndash7130 ndash1875 ndash1632

39 Capital account transactions net Financial account

0 0 na ndash1072 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) 4270 ndash8199 3129 1794 ndash2348 1124

41 US official reserve assets 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets ndash219 ndash44 ndash11 1020 ndash14 ndash12 47 US credits and other long-term assets ndash431 ndash85 ndash81 ndash345 ndash72 ndash64 48 Repayments on US credits and other long-term assets 8 202 47 66 1356 63 61 49 US foreign currency holdings and US short-term assets 10 ndash6 4 10 ndash4 ndash9 50 US private assets 4489 ndash8155 3140 774 ndash2335 1136 51 Direct investment ndash846 ndash3924 ndash3324 ndash5127 ndash1466 713 52 Foreign securities 2817 57 733 ndash1603 ndash402 760 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1302 ndash699 ndash58 ndash142 395 ndash92 54 US claims reported by US banks and securities brokers 14 1216 ndash3589 5789 7646 ndash862 ndash245 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 67973 ndash2975 14154 ndash11760 2355 958 56 Foreign official assets in the United States 52584 421 13528 ndash11843 ndash3308 3131 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 60 Other US government liabilities 11 3165 1723 2049 53 188 147 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 63 Other foreign assets in the United States 15389 ndash3396 626 83 5663 ndash2173 64 Direct investment 9098 602 ndash924 2060 63 160 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 66 US securities other than US Treasury securities 2263 609 1412 559 104 109 67 US currency na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 69 US liabilities reported by US banks and securities brokers 15 7135 ndash4065 199 2661 3694 ndash2555 70 Financial derivatives net ( 19) ( 19) ( 19) 2603 332 ndash86 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash27242 22796 20 ndash1419 71468 8941 20 9734

72 Balance on goods (lines 3 and 20) ndash47134 ndash11672 ndash17258 ndash59514 ndash8938 ndash10272 73 Balance on services (lines 4 and 21) 5062 1829 1682 4145 1255 998 74 Balance on goods and services (lines 2 and 19) ndash42072 ndash9843 ndash15576 ndash55369 ndash7683 ndash9274 75 Balance on income (lines 12 and 29) 8617 2348 1885 9313 2305 2364 76 Unilateral current transfers net (line 35) ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash45001 ndash11622 ndash15864 ndash63033 ndash9280 ndash11730

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 91

Transactions by AreamdashTable Ends of dollars]

South Africa Other Africa International organizations and unallocated 22

Line 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p

12589 3062 3438 45279 11127 11246 58399 14756 15176 1 10108 2457 2550 36561 8972 9375 2503 622 608 2 7259 1826 1863 26550 6227 6882 0 0 0 3 2849 631 687 10011 2745 2493 2503 622 608 4

2 1 () 600 196 138 122 22 24 5 299 58 93 1292 265 354 0 0 0 6 247 54 76 398 95 94 0 0 0 7 134 24 22 364 90 84 60 24 6 8 821 184 192 372 91 95 4 3 3 9

1341 308 301 6914 1992 1711 2317 573 574 10 5 3 3 71 16 18 0 0 0 11

2481 605 887 8718 2155 1871 55896 14134 14569 12 2476 604 886 8638 2133 1849 51681 13066 13498 13

733 109 255 7787 1943 1633 22676 5643 5643 14 1732 495 626 633 163 176 28699 7394 7830 15

11 0 5 217 27 40 306 29 25 16 6 1 1 81 22 22 4215 1068 1071 17

ndash12317 ndash2727 ndash2972 ndash91607 ndash16839 ndash18621 ndash16764 ndash4398 ndash4505 18 ndash11447 ndash2546 ndash2777 ndash90591 ndash16566 ndash18421 ndash288 ndash145 ndash115 19

ndash9539 ndash2100 ndash2192 ndash83784 ndash14891 ndash16824 0 0 0 20 ndash1908 ndash446 ndash585 ndash6807 ndash1675 ndash1597 ndash288 ndash145 ndash115 21

ndash8 ndash3 ndash3 ndash437 ndash92 ndash100 0 0 0 22 ndash825 ndash167 ndash274 ndash2597 ndash726 ndash613 0 0 0 23 ndash163 ndash38 ndash57 ndash497 ndash141 ndash139 0 0 0 24 ndash96 (D) ndash22 ndash464 (D) ndash107 ndash227 ndash58 ndash29 25 ndash50 (D) ndash21 ndash16 (D) ndash4 ndash40 ndash83 ndash82 26

ndash704 ndash178 ndash193 ndash2282 ndash474 ndash498 ndash21 ndash4 ndash4 27 ndash62 ndash16 ndash16 ndash514 ndash134 ndash136 () 0 0 28

ndash871 ndash182 ndash195 ndash1016 ndash273 ndash200 ndash16476 ndash4253 ndash4390 29 ndash675 ndash142 ndash146 ndash917 ndash238 ndash181 ndash16476 ndash4253 ndash4390 30

(D) (D) (D) (D) (D) (D) ndash7051 ndash1756 ndash1763 31 ndash103 ndash27 ndash28 ndash295 ndash88 ndash96 ndash8396 ndash2287 ndash2422 32

(D) (D) (D) (D) (D) (D) ndash1029 ndash210 ndash205 33 ndash196 ndash40 ndash49 ndash98 ndash35 ndash19 0 0 0 34

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 35 ndash374 ndash89 ndash120 ndash9433 ndash1928 ndash3058 ndash9016 ndash1983 ndash1515 36

ndash8 ndash2 ndash2 ndash32 ndash8 ndash8 ndash3871 ndash576 ndash599 37 ndash714 ndash185 ndash180 ndash6416 ndash1690 ndash1452 ndash20973 ndash5174 ndash5485 38

0 0 na ndash1072 0 na 0 0 na 39

ndash1098 ndash1702 ndash134 2892 ndash646 1258 ndash37569 ndash7425 ndash7312 40 0 0 0 0 0 0 ndash16327 ndash1089 ndash3189 41 0 0 0 0 0 0 0 0 0 42

1752 ndash11 ndash10 43

ndash18079 ndash1078 ndash3179 44

45 ndash3 ndash1 ndash4 1023 ndash13 ndash8 ndash2019 ndash237 ndash1614 46 0 0 0 ndash345 ndash72 ndash64 ndash2183 ndash240 ndash1629 47 0 0 0 1356 63 61 32 2 15 48

ndash3 ndash1 ndash4 13 ndash3 ndash5 132 0 0 49 ndash1095 ndash1701 ndash130 1869 ndash634 1266 ndash19223 ndash6099 ndash2509 50

ndash722 74 ndash56 ndash4405 ndash1540 769 ndash22676 ndash5643 ndash5643 51 ndash1065 ndash1118 ndash164 ndash538 716 924 968 ndash1708 1240 52

43 ndash6 194 ndash185 401 ndash286 2 ndash2 5 53 649 ndash651 ndash104 6997 ndash211 ndash141 2483 1254 1889 54

74 591 438 ndash11834 1764 520 70832 22534 584 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 26 8 0 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 59

0 2 0 53 186 147 26 8 0 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 70806 22526 584 63 255 ndash5 73 1805 68 87 7051 1756 1763 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 ndash44 126 ndash30 603 ndash22 139 ndash1966 ndash315 277 66 na na na na na na 54996 18057 7116 67 68 107 ndash7 ( 18) ( 18) ( 18) 29 4 2 68

18 ndash205 18 361 18 402 18 ndash14295 18 1532 18 147 18 10696 18 3024 18 ndash8574 69 ( 19) ( 19) ( 19) 2603 332 ndash86 ndash976 ndash280 ndash328 70

1848 1052 20 ndash467 69619 7889 20 10201 ndash40062 ndash17454 20 3984 71

ndash2280 ndash274 ndash329 ndash57235 ndash8664 ndash9943 0 0 0 72 941 185 102 3204 1070 896 2215 477 493 73

ndash1339 ndash89 ndash227 ndash54030 ndash7594 ndash9047 2215 477 493 74 1611 424 693 7703 1882 1671 39420 9881 10179 75

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 76 ndash824 58 163 ndash62209 ndash9338 ndash11893 7775 2625 3072 77

92 US International Transactions October 2012

Footnotes to US International Transactions Tables 1ndash12

General notes for all tables p Preliminary r Revised 0 Transactions are possible but are zero for a given period () Transactions are less than $500000(plusmn) D Suppressed to avoid disclosure of data of individual compashynies na Transactions are possible but data are not available Not applicable or for data periods 1960ndash1997 transactions that are 0 ldquonot availshyablerdquo or ldquonot applicablerdquo Quarterly estimates are not annualized and are expressed at quarterly rates

Table 1 1 Credits + Exports of goods and services and income receipts unilateral

current transfers to the United States capital account transactions receipts financial inflowsmdashincrease in foreign-owned assets (US liabilities) or decrease in US-owned assets (US claims)

Debits ndash Imports of goods and services and income payments unilateral current transfers to foreigners capital account transactions payments finanshycial outflowsmdashdecrease in foreign-owned assets (US liabilities) or increase in US-owned assets (US claims)

2 See table 2 footnotes for explanations of the various balance of payshyments adjustments made to convert goods on a Census-basis to goods on a balance of payments basis The adjustments are made to improve coverage eliminate duplication and align the goods data with national and international accounting guidelines

3 Includes some goods Mainly military equipment and supplies in lines 5 and 22 that are commingled in the source data and cannot be separately idenshytified Beginning with statistics for 1999 line 5 excludes equipment and supshyplies exported under the US Foreign Military Sales program that can be separately identified and line 22 excludes petroleum purchases abroad by US military agencies that can be separately identified

4 Includes transfers of goods and services under US military grant proshygrams

5 Beginning in 1982 these lines are presented on a gross basis The definishytion of exports is revised to exclude US parentsrsquo payments to foreign affiliates and to include US affiliatesrsquo receipts from foreign parents The definition of imports is revised to include US parentsrsquo payments to foreign affiliates and to exclude US affiliatesrsquo receipts from foreign parents

6 Beginning in 1982 the ldquoother transfersrdquo component includes taxes paid by US private residents to foreign governments and taxes paid by private nonresidents to the US Government

7 At the present time all US Treasury-owned gold is held in the United States

8 Includes sales of foreign obligations to foreigners 9 Consists of bills certificates marketable bonds and notes and nonmarshy

ketable convertible and nonconvertible bonds and notes 10 Consists of US Treasury and Export-Import Bank obligations not

included elsewhere and of debt securities of US Government corporations and agencies

11 Includes primarily US Government liabilities associated with milishytary agency sales contracts and other transactions arranged with or through foreign official agencies see table 6

12 Consists of investments in US corporate stocks and in debt securities of private corporations and state and local governments

13 Conceptually the sum of line 77 and line 39 is equal to ldquonet lending or net borrowingrdquo in the national income and product accounts (NIPAs) Howshyever the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold (b) includes adjustments for the different geographical treatment of transactions with US territories and Puerto Rico and (c) includes services furnished withshyout payment by financial pension plans except life insurance carriers and prishyvate noninsured pension plans A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSIshyNESS A reconciliation of the other foreign transactions in the two sets of accounts appears in table 43B of the full set of NIPA tables

14 Beginning with 2003 includes securities brokers claims on their forshyeign affiliates Prior to 2003 they are included in the claims of nonbanking concerns

15 Beginning with 2003 includes securities brokers liabilities to their forshyeign affiliates Prior to 2003 they are included in the liabilities of nonbanking concerns

16 Calculated excluding capital account transactions net (line 39) 17 Equals the sum of financial derivatives for the first second and third

quarters of the year Appears only with the preliminary release of annual stashytistics for a given year

Additional footnotes for historical data in July issues of the SURVEY 18 For 1974 includes extraordinary US Government transactions with

India See ldquoSpecial US Government Transactionsrdquo June 1974 SURVEY p 27

19 For 1978ndash83 includes foreign currency-denominated notes sold to prishyvate residents abroad

20 Break in series See Technical Notes in the June 1989ndash90 1992ndash95 and July 1996ndash2010 issues of the SURVEY

Table 2 1 Exports Census basis represent transactions values fas US port of

exportation imports Census basis represent Customs values Seasonally adjusted data reflect the application of seasonal factors developed jointly by BEA and the US Census Bureau (CENSUS)

2 Difference between transactions included in primary source data proshyvided to BEA by the US Department of Defense and transactions included in the Census trade data Negative values may result from timing differences for transactions recorded in the two data sets

3 Addition for low-value (below reporting threshold) transactions for 1999ndash2009 to phase in a revised low-value methodology that was impleshymented by CENSUS beginning with statistics for 2010

4 Addition of electric energy exports to Mexico deduction of exposed motion picture film for sale or rental net change in stock of US-owned grains in storage in Canada valuation of software exports at market value and coverage adjustments for special situations where certain exports are not included in the Census data

5 Addition of electric energy imports from Mexico deduction of exposed motion picture film for sale or rental deduction of the value of repairs of US vessels abroad and coverage adjustments for special situations where certain imports are not included in the Census data

6 Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 12 lines 3 and 20 Trade with international organizations includes purchases of nonmonetary gold from the Internashytional Monetary Fund transfers of tin to the International Tin Council and sales of satellites to Intelsat Members of OPEC include Algeria Angola (beginning with the first quarter of 2007) Ecuador (beginning with the fourth quarter of 2007) Indonesia (ending with the fourth quarter of 2008) Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates and Venezuela

7 Lines B24 B83 and B142 include CENSUSs reconciliation of disshycrepancies between the goods statistics published by the United States and the counterpart statistics published by Canada These adjustments are disshytributed to the affected end-use categories in section C Beginning in 1986 estimates for undocumented exports to Canada the largest item in the US-Canadian reconciliation are included in Census basis data shown in line A1

Table 3 1 Royalties and license fees and ldquoother private servicesrdquo by detailed type of

service include both affiliated and unaffiliated transactions 2 Includes royalties license fees and other fees associated with intangible

assets including patents trade secrets and other proprietary rights that are used in connection with the production of goods

3 Includes royalties license fees and other fees associated with copyrights trademarks franchises rights to broadcast live events software licensing fees distribution of film and television recordings and other intellectual property rights

4 Other services receipts (exports) include mainly expenditures of foreign residents working temporarily in the United States Payments (imports) include mainly expenditures of US residents temporarily working abroad

5 These reflect the amount of premiums explicitly charged by or paid to insurers and reinsurers

Table 4 1 Beginning with 2003 includes interest on securities brokersrsquo claims on

their foreign affiliates Prior to 2003 it is included in the interest on claims of nonbanking concerns

2 Beginning with 2003 gross interest receipts on US holdings of special drawing rights (SDRs) are included in US government receipts Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

3 Beginning with 2003 includes interest on securities brokersrsquo liabilities to their foreign affiliates Prior to 2003 it is included in the interest on liabilities of nonbanking concerns

4 Beginning in 2003 gross interest payments on US allocations of SDRs are included in US government payments Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

Table 5 1 Complete instrument detail is only available beginning with 2003 2 Prior to 2003 includes only demand deposits and nonnegotiable time

and savings deposits

93 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 1 Expenditures to release foreign governments from their contractual liashy

bilities to pay for military goods and services purchased through military sales contractsmdashfirst authorized (for Israel) under Public Law 93ndash199 section 4 and subsequently authorized (for many recipients) under similar legislationmdashare included in line A4 Deliveries against these military sales contracts are included in line C10 see footnote 2 Of the line A4 items part of these military expendishytures is applied in lines A43 and A46 to reduce short-term assets previously recorded in lines A41 and C8 this application of funds is excluded from lines C3 and C4 A second part of line A4 expenditures finances future deliveries under military sales contracts for the recipient countries and is applied directly to lines A42 and C9 A third part of line A4 disbursed directly to finance purchases by recipient countries from commercial suppliers in the United States is included in line A37 A fourth part of line A4 representing dollars paid to the recipient countries to finance purchases from countries other than the United States is included in line A48

2 Transactions under military sales contracts are those in which the Department of Defense sells and transfers military goods and services to a forshyeign purchaser on a cash or credit basis Purchases by foreigners directly from commercial suppliers are not included as transactions under military sales contracts

3 The identification of transactions involving direct dollar outflows from the United States is made in reports by each operating agency

4 Line A38 includes foreign currency collected as interest and line A43 includes foreign currency collected as principal as recorded in lines A16 and A17 respectively

5 Includes (a) advance payments to the Department of Defense (on milishytary sales contracts) financed by loans extended to foreigners by US Governshyment agencies and (b) the contra-entry for the part of line C10 that was delivered without prepayment by the foreign purchaser Also includes expenshyditures of appropriations available to release foreign purchasers from liability to make repayment

6 Includes purchases of loans from US banks and exporters and payshyments by the US Government under commercial export credit and investshyment guarantee programs

7 Excludes liabilities associated with military sales contracts financed by US Government grants and credits and included in line C2

8 Excludes transactions of the US Enrichment Corporation since it became a non-government entity in July 1998

9 Beginning in the fourth quarter of 2007 includes drawings and repayshyments under temporary reciprocal currency arrangements between the US Federal Reserve System and foreign central banks that do not meet the strict definition of US reserve assets

10 Includes allocations of special drawing rights (SDRs) in the third quarshyter of 2009

Table 7 1 Interest on intercompany debt between financial parent companies and

their financial affiliates is excluded from direct investment income Prior to 2007 interest on the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment income

2 Intercompany debt investment between financial parent companies and their financial affiliates is excluded from direct investment financial flows Prior to 2007 the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment financial flows

Table 8 1 Beginning with 2005 source data for new issue estimates are no longer

separately available New issues continue to be included in net purchases 2 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 9 1 Prior to 2003 securities brokersrsquo claims on and liabilities to their forshy

eign affiliates are included in the estimates They are excluded beginning in 2003

2 Complete instrument detail is only available beginning with 2003 3 Financial intermediariesrsquo accounts are shown under ldquoother claims

(liabilities)rdquo because the majority of these claims (liabilities) are in the form of intercompany balances Financial intermediariesrsquo accounts represent transshyactions between firms in a direct investment relationship (that is between US parents and their foreign affiliates or between US affiliates and their forshyeign parent groups) where both the US and foreign firms are classified in a

finance industry but the firms are neither banks nor securities brokers 4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 10 1 Beginning with 2003 includes securities brokersrsquo claims on their foreign

affiliates 2 Complete instrument detail is only available beginning with 2003 3 Includes foreign official agencies and international and regional organishy

zations Prior to 2003 also includes government-owned corporations and state provincial and local governments and their agencies

4 US-owned banks include US-chartered banks Edge Act subsidiaries and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

5 Commercial paper issued in the US market by foreign incorporated entities and held in US customersrsquo accounts Excludes commercial paper issued through foreign direct investment affiliates in the United States

6 Prior to 2003 includes negotiable certificates of deposit and other negoshytiable and transferable instruments

7 Prior to 2003 includes only deposits 8 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 11 1 Beginning with 2003 includes securities brokersrsquo liabilities to their forshy

eign affiliates 2 Complete instrument detail is only available beginning with 2003 3 US-owned banks include US-chartered banks Edge Act subsidiaries

and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to 2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 12 For footnotes 1ndash15 see table 1 16 At the global level the statistical discrepancy represents net errors and

omissions in recorded transactions For individual countries and regions it may also reflect discrepancies that arise when transactions with one country or region are settled through transactions with another country or region

17 Details not shown separately see totals in lines 56 and 63 18 Details not shown separately are included in line 69 19 Estimates of financial derivatives for several countries are not available

separately Estimates for Luxembourg are included in Other Euro area Estishymates for Argentina Brazil Mexico and Venezuela are included in Other South and Central America Estimates for China Hong Kong India Korea Singapore and Taiwan are included in Other Asia and Pacific Estimates for South Africa are included in Other Africa In addition estimates for the Midshydle East are combined with estimates for Asia and Pacific and included in Other Asia and Pacific

20 Calculated excluding capital account transactions net (line 39) 21 Equals the sum of financial derivatives for the first second and third

quarters of the year 22 Includes as part of international and unallocated taxes withheld cur-

rent-cost adjustments associated with US and foreign direct investment and net US currency flows Before 1999 also includes the estimated US direct investment in foreign affiliates engaged in international shipping in operating oil and gas drilling equipment internationally and in petroleum trading Before 1996 also includes small transactions in business services that are not reported by country

NOTE Definitions for geographic areas are available on BEArsquos Web site at wwwbeagov Country data are based on information available from US reporting sources In some instances the statistics may not necessarily reflect the ultimate foreign transactor For instance US goods export statistics reflect country of reported destination in many cases the goods may be transshyshipped to third countries (especially true for the Netherlands and Germany) The geographic breakdown of securities transactions reflects the country with which transactions occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of US funds

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false PDFXNoTrimBoxError true PDFXTrimBoxToMediaBoxOffset [ 000000 000000 000000 000000 ] PDFXSetBleedBoxToMediaBox true PDFXBleedBoxToTrimBoxOffset [ 000000 000000 000000 000000 ] PDFXOutputIntentProfile () PDFXOutputConditionIdentifier () PDFXOutputCondition () PDFXRegistryName () PDFXTrapped False Description ltlt CHS ltFEFF4f7f75288fd94e9b8bbe5b9a521b5efa7684002000410064006f006200650020005000440046002065876863900275284e8e9ad88d2891cf76845370524d53705237300260a853ef4ee54f7f75280020004100630072006f0062006100740020548c002000410064006f00620065002000520065006100640065007200200035002e003000204ee553ca66f49ad87248672c676562535f00521b5efa768400200050004400460020658768633002gt CHT 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geoptimaliseerd voor prepress-afdrukken van hoge kwaliteit De gemaakte PDF-documenten kunnen worden geopend met Acrobat en Adobe Reader 50 en hoger) NOR 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 PTB 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68 U.S. International Transactions October 2012 October/1012...· 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (3)

70 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

IMPORTS 60 Total all countries (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 61 Europe 453605 104429 119053 112510 117614 112101 115955 109336 117931 109367 116971 116614 115035 62 European Union 373313 87333 96443 92837 96700 93508 96841 91350 95803 90407 95753 97092 96328 63 Euro area 289108 67727 74515 71872 74994 71916 74651 70830 74095 70028 74155 74625 74337 64 Austria 9516 2122 2381 2569 2444 2367 2335 2216 2382 2510 2409 2454 2332 65 Belgium 17735 4797 4574 4241 4122 4052 4720 5013 4520 4122 4079 4204 4666 66 Finland 4431 1111 1207 1113 1000 1475 1201 1163 1196 1083 989 1553 1194 67 France 40676 9490 10265 9710 11211 10437 10392 9905 10223 9470 11078 10830 10359 68 Germany 99425 23252 24172 25214 26788 25847 26352 24257 24126 24601 26441 26760 26322 69 Greece 1881 378 425 738 339 408 352 400 421 718 342 422 347 70 Ireland 39523 9412 10166 9580 10366 8556 9125 9854 10142 9328 10199 8883 9105 71 Italy 34327 7739 9135 8604 8849 8372 9814 8093 9081 8400 8754 8668 9769 72 Luxembourg 475 157 129 100 90 128 113 160 127 98 90 131 113 73 Netherlands 24044 5363 7233 5726 5722 6021 6046 5674 7111 5546 5713 6295 5962 74 Norway 8227 1822 2274 1796 2334 1899 1700 1910 2199 1720 2399 2017 1638 75 Portugal 2584 606 670 627 681 777 498 634 659 607 684 812 493 76 Russia 34652 7210 9531 8808 9104 6687 7842 7644 9195 8400 9414 7133 7550 77 Spain 11297 2494 3230 2886 2687 2753 2940 2619 3185 2799 2694 2865 2913 78 Sweden 11568 2933 3242 2617 2777 2719 2793 3059 3217 2544 2748 2822 2780 79 Switzerland 24497 5430 6681 6047 6339 6895 6356 5666 6676 5906 6249 7123 6346 80 Turkey 5215 1269 1392 1280 1274 1626 1648 1329 1384 1246 1256 1688 1641 81 United Kingdom 51878 11907 13306 13004 13660 13629 13684 12485 13133 12624 13636 14198 13514 82 Other Europe 31653 6937 9039 7850 7826 7452 8045 7254 8955 7646 7797 7756 7991 83 Canada 7 320538 77595 80984 81177 80783 83734 84094 81620 79811 78334 80773 87678 83043 84 Latin America and Other Western Hemisphere 442901 102959 114163 113476 112303 115705 116132 108454 112373 109579 112495 121024 114781 85 South and Central America 423127 98398 108946 108069 107714 110971 111886 103639 107251 104365 107872 116057 110597 86 Argentina 4582 1126 1071 1159 1225 1109 1050 1187 1057 1116 1222 1155 1032 87 Brazil 31549 6255 8212 8119 8963 8821 8261 6641 8028 7844 9036 9266 8112 88 Chile 9156 2652 2396 2204 1904 2538 2402 2748 2388 2146 1873 2633 2404 89 Colombia 23324 4837 5944 5878 6665 6452 6500 5106 5756 5598 6863 6848 6283 90 Mexico 267345 62891 68055 67703 68695 70579 72443 65970 67486 65685 68205 73500 72045 91 Venezuela 43391 10392 12300 11115 9585 10389 9011 11184 11715 10470 10022 11082 8642 92 Other 43780 10245 10969 11890 10676 11083 12221 10803 10821 11505 10651 11573 12079 93 Other Western Hemisphere 19774 4561 5216 5407 4589 4734 4246 4815 5123 5214 4623 4967 4185 94 Asia and Pacific 818921 185293 199518 218861 215249 202330 216305 194274 198948 213643 212057 209997 215944 95 Australia 10437 2171 2650 2836 2780 2307 2539 2262 2649 2764 2762 2394 2528 96 China 400642 86508 97074 109296 107763 94271 104182 90904 96904 106766 106068 97818 104058 97 Hong Kong 4891 1098 1348 1167 1278 1280 1411 1150 1340 1142 1260 1338 1403 98 India 36338 7955 10066 9639 8678 9532 10415 8333 10001 9412 8592 9919 10365 99 Indonesia 19147 4769 4823 4914 4641 4568 4429 4987 4801 4789 4570 4742 4426

100 Japan 131836 32951 27313 34276 37296 38178 36813 34444 27230 33413 36749 39615 36772 101 Korea Republic of 57454 12997 15495 14669 14293 13926 15897 13612 15409 14317 14117 14467 15841 102 Malaysia 25902 6238 6515 6577 6572 6292 6319 6515 6501 6417 6470 6527 6310 103 Philippines 9342 2199 2402 2398 2343 2424 2442 2295 2395 2342 2309 2514 2438 104 Singapore 20081 4756 5031 5238 5055 5239 5138 4991 4999 5099 4991 5430 5123 105 Taiwan 41526 9376 11243 10908 9998 8870 10234 9828 11214 10654 9830 9200 10225 106 Thailand 24916 5926 6320 6890 5780 6086 6814 6195 6304 6725 5692 6316 6799 107 Other 36410 8348 9237 10053 8771 9357 9673 8758 9201 9804 8647 9718 9657 108 Middle East 106531 21725 27422 30073 27311 27874 34059 23251 26437 28676 28167 29520 32795 109 Israel 23156 5509 6391 5676 5580 5107 5898 5764 6359 5535 5498 5298 5860 110 Saudi Arabia 47564 9688 11487 13610 12779 14126 16137 10476 10893 12869 13326 15086 15419 111 Other 35811 6528 9544 10787 8952 8641 12024 7012 9184 10272 9343 9136 11515 112 Africa 93323 23611 24892 24510 20309 16991 19017 25341 23844 23179 20958 17989 18301 113 Algeria 14629 4350 4357 3261 2661 3054 2777 4659 4147 3054 2769 3240 2652 114 Nigeria 33908 8988 9086 8979 6855 4235 5755 9720 8624 8403 7162 4520 5497 115 South Africa 9539 2147 2487 2471 2434 2100 2192 2241 2484 2417 2396 2169 2188 116 Other 35247 8125 8963 9800 8359 7602 8293 8721 8589 9306 8631 8061 7964 117 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

118 Members of OPEC 193947 44375 51347 52733 45493 44906 51650 47887 48859 49723 47478 47823 49382

See the footnotes on pages 92ndash93

71 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

BALANCE (EXCESS OF EXPORTS +) 119 Total all countries ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 120 Europe ndash118212 ndash23876 ndash33643 ndash28473 ndash32220 ndash24419 ndash29378 ndash27429 ndash33554 ndash24979 ndash32251 ndash27916 ndash29412 121 European Union ndash100146 ndash21737 ndash26212 ndash24637 ndash27560 ndash23778 ndash27171 ndash24585 ndash26464 ndash21950 ndash27147 ndash26519 ndash27487 122 Euro area ndash90860 ndash19867 ndash23957 ndash22757 ndash24280 ndash22234 ndash23271 ndash22114 ndash24170 ndash20727 ndash23850 ndash24373 ndash23565 123 Austria ndash6604 ndash1559 ndash1617 ndash2043 ndash1385 ndash1765 ndash1234 ndash1638 ndash1631 ndash1981 ndash1354 ndash1842 ndash1251 124 Belgium 12184 2303 2946 3275 3660 3505 2898 2223 2896 3418 3648 3436 2852 125 Finland ndash1215 ndash464 ndash376 ndash189 ndash187 ndash763 ndash509 ndash506 ndash376 ndash154 ndash180 ndash833 ndash511 126 France ndash12186 ndash2396 ndash2710 ndash2831 ndash4250 ndash2777 ndash2071 ndash2660 ndash2774 ndash2587 ndash4165 ndash3074 ndash2161 127 Germany ndash49799 ndash11201 ndash11539 ndash13162 ndash13897 ndash13202 ndash13555 ndash11977 ndash11657 ndash12518 ndash13647 ndash13987 ndash13674 128 Greece ndash485 ndash57 ndash86 ndash333 ndash9 ndash126 ndash18 ndash72 ndash87 ndash312 ndash13 ndash139 ndash18 129 Ireland ndash31777 ndash7084 ndash8439 ndash7772 ndash8482 ndash6461 ndash7190 ndash7484 ndash8442 ndash7519 ndash8332 ndash6768 ndash7190 130 Italy ndash18081 ndash3773 ndash4695 ndash4763 ndash4850 ndash4038 ndash5483 ndash4061 ndash4693 ndash4533 ndash4794 ndash4280 ndash5483 131 Luxembourg 1121 210 142 218 551 445 338 216 140 222 543 436 329 132 Netherlands 18588 4423 3824 5242 5098 3938 4502 4264 3823 5478 5022 3803 4471 133 Norway ndash4325 ndash709 ndash1258 ndash932 ndash1426 ndash873 ndash834 ndash783 ndash1195 ndash851 ndash1495 ndash977 ndash785 134 Portugal ndash1185 ndash215 ndash281 ndash335 ndash355 ndash475 ndash174 ndash240 ndash272 ndash308 ndash365 ndash510 ndash170 135 Russia ndash26268 ndash5550 ndash7311 ndash6612 ndash6796 ndash4243 ndash5119 ndash5968 ndash6989 ndash6163 ndash7149 ndash4680 ndash4813 136 Spain ndash392 357 ndash638 ndash10 ndash101 ndash393 ndash319 254 ndash609 106 ndash143 ndash473 ndash301 137 Sweden ndash6097 ndash1601 ndash1715 ndash1384 ndash1397 ndash1338 ndash1433 ndash1700 ndash1711 ndash1307 ndash1379 ndash1427 ndash1435 138 Switzerland 495 413 ndash927 550 459 820 762 261 ndash989 698 525 711 665 139 Turkey 10322 2857 2591 2533 2341 1902 2299 2819 2586 2598 2319 1856 2304 140 United Kingdom 5158 1493 1536 1726 403 1873 252 1145 1510 2162 342 1527 250 141 Other Europe ndash7667 ndash1324 ndash3090 ndash1654 ndash1599 ndash447 ndash2490 ndash1524 ndash3084 ndash1426 ndash1633 ndash694 ndash2491 142 Canada 7 ndash38261 ndash10463 ndash8115 ndash9671 ndash10011 ndash11751 ndash7622 ndash13544 ndash7657 ndash6198 ndash10863 ndash15102 ndash7018 143 Latin America and Other Western Hemisphere ndash74486 ndash17705 ndash22493 ndash18574 ndash15713 ndash19279 ndash16040 ndash21975 ndash21605 ndash13789 ndash17116 ndash23739 ndash15269 144 South and Central America ndash77796 ndash19267 ndash22815 ndash18606 ndash17108 ndash20184 ndash17757 ndash23347 ndash21979 ndash14115 ndash18354 ndash24416 ndash17062 145 Argentina 5345 889 1452 1602 1402 1002 1995 875 1428 1653 1389 1005 1972 146 Brazil 11272 3405 2332 3605 1930 1335 2413 3211 2372 3903 1787 997 2419 147 Chile 7113 820 1903 1931 2459 1956 2428 776 1857 2020 2459 1920 2369 148 Colombia ndash8780 ndash1279 ndash2410 ndash2286 ndash2805 ndash2724 ndash2513 ndash1505 ndash2259 ndash1980 ndash3036 ndash3086 ndash2329 149 Mexico ndash68634 ndash16607 ndash18503 ndash16798 ndash16725 ndash17365 ndash18951 ndash19041 ndash18394 ndash14260 ndash16939 ndash19809 ndash18799 150 Venezuela ndash31053 ndash7933 ndash9156 ndash7813 ndash6152 ndash6670 ndash4725 ndash8688 ndash8600 ndash7130 ndash6636 ndash7337 ndash4367 151 Other 6942 1437 1567 1154 2784 2282 1595 1025 1616 1678 2622 1893 1674 152 Other Western Hemisphere 3310 1562 321 32 1394 905 1717 1373 374 326 1238 676 1793 153 Asia and Pacific ndash400805 ndash84615 ndash97341 ndash114070 ndash104780 ndash96953 ndash108773 ndash92559 ndash97350 ndash107329 ndash103567 ndash104401 ndash108469 154 Australia 17025 3611 3761 4364 5289 5159 5127 3644 3676 4483 5222 5143 5053 155 China ndash295378 ndash60280 ndash73172 ndash83985 ndash77941 ndash67003 ndash77995 ndash64459 ndash73051 ndash80991 ndash76877 ndash70718 ndash77783 156 Hong Kong 32796 7558 7170 9153 8914 8396 8875 7655 7097 9265 8778 8422 8818 157 India ndash14722 ndash3394 ndash4078 ndash4223 ndash3027 ndash4640 ndash4994 ndash3691 ndash4094 ndash3963 ndash2974 ndash4965 ndash5007 158 Indonesia ndash11741 ndash2949 ndash2925 ndash3109 ndash2757 ndash2635 ndash2255 ndash3200 ndash2884 ndash2913 ndash2744 ndash2834 ndash2216 159 Japan ndash64632 ndash16415 ndash10739 ndash17683 ndash19795 ndash20465 ndash19045 ndash17828 ndash10655 ndash16476 ndash19673 ndash21888 ndash18866 160 Korea Republic of ndash12304 ndash2420 ndash3639 ndash3339 ndash2907 ndash1967 ndash4598 ndash2974 ndash3617 ndash2801 ndash2913 ndash2469 ndash4534 161 Malaysia ndash11644 ndash2445 ndash2738 ndash3207 ndash3254 ndash3348 ndash2872 ndash2657 ndash2769 ndash3021 ndash3197 ndash3551 ndash2893 162 Philippines ndash1585 ndash292 ndash407 ndash492 ndash394 ndash569 ndash341 ndash386 ndash401 ndash378 ndash421 ndash674 ndash307 163 Singapore 11292 2401 2873 3313 2704 2178 2880 2333 2782 3469 2708 2062 2788 164 Taiwan ndash14413 ndash2310 ndash4251 ndash4304 ndash3547 ndash2587 ndash3526 ndash2682 ndash4267 ndash3974 ndash3490 ndash2908 ndash3544 165 Thailand ndash13997 ndash3006 ndash3698 ndash3987 ndash3306 ndash3645 ndash3995 ndash3238 ndash3706 ndash3792 ndash3261 ndash3850 ndash3990 166 Other ndash21503 ndash4675 ndash5498 ndash6571 ndash4758 ndash5826 ndash6032 ndash5076 ndash5463 ndash6237 ndash4727 ndash6170 ndash5989 167 Middle East ndash47134 ndash7752 ndash12819 ndash15391 ndash11172 ndash11672 ndash17258 ndash9102 ndash11977 ndash13843 ndash12212 ndash13191 ndash16126 168 Israel ndash8960 ndash1938 ndash2490 ndash2139 ndash2393 ndash1476 ndash2026 ndash2140 ndash2513 ndash1969 ndash2337 ndash1611 ndash2033 169 Saudi Arabia ndash33551 ndash6514 ndash8137 ndash10279 ndash8622 ndash9626 ndash11831 ndash7278 ndash7568 ndash9495 ndash9211 ndash10544 ndash11148 170 Other ndash4623 700 ndash2193 ndash2973 ndash157 ndash570 ndash3402 317 ndash1897 ndash2379 ndash664 ndash1036 ndash2944 171 Africa ndash59514 ndash15040 ndash16065 ndash15973 ndash12436 ndash8938 ndash10272 ndash16750 ndash15041 ndash14479 ndash13245 ndash9949 ndash9495 172 Algeria ndash13044 ndash4028 ndash3846 ndash2776 ndash2394 ndash2752 ndash2316 ndash4339 ndash3637 ndash2567 ndash2502 ndash2938 ndash2186 173 Nigeria ndash28984 ndash7826 ndash7787 ndash7737 ndash5635 ndash3191 ndash4333 ndash8568 ndash7318 ndash7127 ndash5971 ndash3485 ndash4067 174 South Africa ndash2280 ndash69 ndash750 ndash727 ndash734 ndash274 ndash329 ndash112 ndash774 ndash671 ndash722 ndash325 ndash343 175 Other ndash15207 ndash3117 ndash3683 ndash4734 ndash3673 ndash2722 ndash3293 ndash3730 ndash3312 ndash4114 ndash4050 ndash3200 ndash2898 176 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

177 Members of OPEC ndash128577 ndash29791 ndash35416 ndash36283 ndash27088 ndash26739 ndash31860 ndash33139 ndash33056 ndash33078 ndash29304 ndash29573 ndash29683

See the footnotes on pages 92ndash93

72 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basis 1 Exports of goods balance of payments basis (Andash10) 1497406 356161 375554 378454 387237 385722 396218 360917 372160 382161 382167 388523 394110 2 Agricultural products 140023 38666 33709 30327 37321 36055 33171 36481 35600 33943 33999 33793 36719 3 Nonagricultural products 1357383 317495 341846 348127 349916 349667 363047 324436 336561 348218 348168 354731 357391 4 Foods feeds and beverages 126220 32958 29577 29071 34613 31647 29781 31850 31925 31303 31142 30471 33736 5 Agricultural 117356 31140 27595 26287 32334 29660 27692 29768 29712 29045 28831 28192 31400 6 Grains and preparations 36226 9289 10329 8729 7879 7375 7723 9063 10337 8664 8162 7065 7765 7 Wheat 11313 3109 3720 2663 1821 1874 2384 3211 3732 2372 1998 1885 2385 8 Corn 14842 3254 4122 3785 3682 3231 3054 3196 4038 3785 3824 3146 2981 9 Soybeans 18064 7129 2007 1840 7089 6235 3262 5361 4122 4261 4321 4542 6924

10 Meat products and poultry 17133 3765 4060 4601 4707 4393 4439 4031 4037 4496 4570 4642 4417 11 Vegetables fruits nuts and preparations 20491 4867 4951 4565 6108 5217 5343 4951 5049 5165 5326 5246 5466 12 Other agricultural foods feeds and beverages 25441 6091 6247 6552 6551 6440 6924 6363 6167 6459 6452 6697 6828 13 Nonagricultural (fish distilled beverages etc) 8864 1817 1983 2784 2280 1987 2089 2081 2213 2258 2312 2279 2336 14 Fish and shellfish 5698 1125 1200 1926 1447 1201 1224 1311 1406 1463 1519 1406 1444 15 Industrial supplies and materials 518676 121966 131314 135333 130063 131504 134599 123792 128577 133876 132431 132627 131996 16 Agricultural 22244 7410 5980 3975 4878 6287 5362 6610 5775 4799 5060 5503 5221 17 Raw cotton 8469 3806 2582 810 1271 2523 1777 3204 2206 1276 1783 1946 1430 18 Tobacco unmanufactured 1122 330 305 136 351 412 169 200 341 339 241 300 220 19 Hides and skins including furskins 2663 658 774 640 591 685 872 624 720 673 646 642 817 20 Other agricultural industrial supplies 9990 2617 2319 2388 2665 2667 2544 2582 2507 2510 2390 2615 2755 21 Nonagricultural 496433 114556 125333 131358 125185 125217 129238 117182 122802 129077 127371 127124 126776 22 Energy products 157771 34269 39460 41678 42364 40088 42789 35125 39133 41363 42150 40917 42545 23 Coal and related products 16857 3894 4384 4286 4293 4450 5310 4115 4354 4244 4143 4814 5308 24 Petroleum and products 131376 27910 32568 34911 35987 33861 35966 28544 32271 34639 35923 34326 35723 25 Natural gas 6438 1750 1775 1591 1322 1255 1005 1750 1775 1591 1322 1255 1005 26 Paper and paper base stocks 23618 5885 6085 6015 5632 5748 5700 5992 6046 5908 5672 5816 5656 27 Textile supplies and related materials 14380 3536 3769 3715 3361 3531 3592 3601 3605 3635 3539 3578 3436 28 Chemicals excluding medicinals 123148 29603 31694 31633 30218 30400 31200 29905 30771 31160 31311 30361 30271 29 Building materials except metals 13678 3299 3650 3519 3210 3343 3541 3411 3463 3438 3366 3421 3358 30 Other nonmetals 32625 7818 8397 8395 8015 8452 8836 7983 8123 8266 8253 8545 8549 31 Metals and nonmetallic products 131211 30146 32278 36403 32385 33655 33580 31165 31661 35306 33080 34485 32961 32 Steelmaking materials 14849 3056 4334 4141 3318 3173 3604 3479 3923 3846 3602 3547 3234 33 Iron and steel products 19626 4683 4981 4988 4974 5315 5190 4711 4790 4948 5177 5311 4995 34 Nonferrous metals 72291 16614 16676 20939 18062 18882 18105 17017 16826 20327 18120 19230 18230 35 Nonmonetary gold 34255 7723 6900 10528 9104 10319 9145 7723 6900 10528 9104 10319 9145 36 Other precious metals 11156 2700 3095 3009 2353 2246 2264 2700 3095 3009 2353 2246 2264 37 Other nonferrous metals 26880 6191 6682 7402 6605 6317 6696 6594 6832 6791 6663 6665 6821 38 Other metals and nonmetallic products 24446 5793 6286 6336 6032 6286 6682 5959 6122 6185 6181 6397 6503 39 Capital goods except automotive 493233 115207 123608 124660 129758 128919 132615 118335 122542 125479 126877 131210 131273 40 Machinery and equipment except consumer-type 407641 96292 102562 103155 105632 104886 108966 98818 101757 103184 103883 106531 107954 41 Electric generating machinery electric apparatus and parts 48291 11424 12171 12325 12371 12647 13535 11617 12087 12194 12393 12726 13436 42 Oil drilling mining and construction machinery 32927 7146 8257 8508 9016 8916 9634 7332 8063 8444 9090 9075 9413 43 Industrial engines pumps and compressors 28138 6329 7164 7143 7502 7521 7406 6616 7023 7197 7301 7770 7253 44 Machine tools and metalworking machinery 7759 1844 1952 2011 1951 1880 2001 1924 1912 2027 1896 1937 1958 45 Measuring testing and control instruments 23820 5767 5964 5905 6184 6201 6220 5883 5904 5957 6076 6262 6138 46 Other industrial agricultural and service industry machinery 91593 21397 23943 23125 23127 24009 25711 21832 22991 23299 23471 24310 24635 47 Computers peripherals and parts 48401 11350 11784 12251 13016 12543 12172 11833 12186 12301 12081 12960 12578 48 Semiconductors 44959 11363 11174 11509 10913 10396 10674 11849 11184 11139 10787 10701 10697 49 Telecommunications equipment 35873 8471 8725 9177 9500 9030 9647 8654 8871 9119 9229 9094 9806 50 Other office and business machines 3182 808 776 774 824 792 823 826 795 773 789 808 840 51 Scientific hospital and medical equipment and parts 42697 10391 10652 10426 11228 10952 11141 10452 10741 10735 10769 10888 11202 52 Civilian aircraft engines and parts 80177 17723 19676 20237 22542 22597 22157 18325 19415 21028 21410 23243 21827 53 Civilian aircraft complete all types 33372 6555 8074 8457 10286 10065 10013 6996 7884 9185 9307 10748 9757 54 Other transportation equipment 5414 1193 1371 1267 1583 1435 1492 1193 1371 1267 1583 1435 1492 55 Automotive vehicles parts and engines 133116 31447 33683 32859 35127 35837 38765 31831 32511 34368 34406 36463 37503 56 To Canada 54479 13917 14305 13195 13062 14472 16126 13685 13318 14023 13452 14198 15114 57 Passenger cars new and used 12275 3120 3390 2977 2788 2892 3623 3118 3057 3237 2863 2907 3274 58 Trucks buses and special purpose vehicles 13841 3292 3925 3427 3197 3760 4232 3520 3597 3573 3151 4010 3878 59 Engines and engine parts 5068 1365 1206 1216 1281 1490 1587 1281 1176 1295 1316 1379 1561 60 Other parts and accessories 23295 6140 5784 5575 5795 6330 6685 5766 5488 5918 6122 5902 6400 61 To other areas 78636 17530 19378 19664 22065 21364 22639 18146 19192 20345 20954 22266 22389 62 Passenger cars new and used 35085 7550 8829 8283 10423 9685 10545 8006 8725 8805 9549 10395 10400 63 Trucks buses and special purpose vehicles 5547 964 1239 1509 1836 1238 1350 1106 1345 1500 1596 1407 1443 64 Engines and engine parts 9651 2349 2407 2462 2432 2608 2606 2351 2356 2510 2433 2614 2555 65 Other parts and accessories 28353 6667 6903 7410 7374 7834 8137 6682 6766 7529 7376 7850 7991 66 Consumer goods (nonfood) except automotive 174957 41794 44642 43688 44834 44212 46605 42263 43894 44288 44512 44092 45764 67 Nondurable goods 77687 18512 19736 19719 19720 19459 20939 18527 19546 19791 19823 19237 20706 68 Apparel footwear and household goods 9413 2147 2268 2516 2481 2443 2470 2221 2321 2404 2466 2498 2528 69 Medicinal dental and pharmaceutical products 44948 10827 11720 11099 11301 11184 12446 10548 11395 11499 11506 10742 12057 70 Other nondurable goods 23327 5537 5747 6103 5939 5832 6024 5759 5830 5887 5850 5997 6121 71 Durable goods 97271 23282 24905 23969 25114 24753 25666 23736 24348 24497 24689 24855 25057 72 Televisions video receivers and other video equipment 5703 1260 1322 1519 1603 1271 1192 1382 1391 1494 1436 1377 1263 73 Radio and stereo equipment including records tapes and disks 5465 1228 1187 1311 1738 1203 1267 1333 1337 1370 1424 1297 1418 74 Toys and sporting goods including bicycles 10512 2463 2531 2597 2921 2482 2515 2568 2546 2649 2749 2550 2534 75 Household and kitchen appliances and other household goods 34060 8089 8573 8567 8831 8992 9189 8244 8463 8647 8705 9035 9085 76 Household furnishings and related products 4127 959 1020 1080 1068 1086 1145 996 1031 1046 1054 1115 1157 77 Household and kitchen appliances 6886 1534 1717 1835 1800 1700 1828 1689 1713 1751 1734 1838 1824 78 Other household goods including cell phones 23047 5596 5836 5652 5963 6206 6216 5559 5719 5850 5918 6082 6103 79 Gems jewelry and collectibles 17327 4299 4476 3969 4583 4794 5187 4130 4334 4389 4474 4636 4990 80 Other durable goods 24205 5942 6817 6006 5438 6011 6317 6079 6277 5947 5901 5961 5768 81 Exports nec 51205 12789 12730 12843 12842 13603 13853 12847 12712 12847 12799 13661 13838

See the footnotes on pages 92ndash93

73 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashTable Ends [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basismdashContinues

82 Imports of goods balance of payments basis (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 83 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 84 Nonpetroleum products 1773529 412034 440609 459509 461377 447008 468878 430839 439978 448588 454124 463448 468549 85 Foods feeds and beverages 108242 25760 27746 26237 28499 28110 28088 25805 27188 27067 28181 28014 27558 86 Agricultural 84591 20731 21951 20052 21857 22609 22071 20143 21240 21082 22125 21904 21370 87 Coffee cocoa and sugar 11136 2720 2938 2648 2830 2800 2408 2507 2933 2769 2927 2559 2413 88 Green coffee 6908 1621 1807 1581 1899 1760 1511 1441 1795 1683 1989 1567 1515 89 Meat products and poultry 7740 1832 2080 1902 1926 2200 2351 1842 1977 1973 1947 2190 2226 90 Vegetables fruits nuts and preparations 23649 6630 6227 4963 5829 7003 6484 5642 5855 6010 6141 5972 6121 91 Wine beer and related products 8590 1981 2247 2146 2216 2095 2294 2176 2119 2110 2186 2268 2177 92 Other agricultural foods feeds and beverages 33476 7568 8459 8394 9055 8511 8533 7976 8355 8220 8924 8914 8434 93 Nonagricultural (fish distilled beverages etc) 23651 5029 5795 6184 6642 5500 6017 5662 5948 5985 6056 6110 6188 94 Fish and shellfish 16597 3530 4011 4476 4580 3881 4217 3963 4168 4217 4249 4286 4395 95 Whiskey and other alcoholic beverages 6308 1314 1585 1540 1870 1403 1637 1511 1580 1600 1617 1607 1629 96 Industrial supplies and materials 782120 179577 208699 204576 189268 190656 198798 187994 200494 196574 197058 198977 191139 97 Agricultural 14241 3353 3741 3527 3620 4052 4244 3259 3616 3659 3707 3901 4093 98 Nonagricultural products 767879 176225 204958 201049 185648 186604 194554 184735 196878 192915 193351 195075 187046 99 Energy products 488378 110352 131653 127881 118492 116478 121100 117734 125897 121031 123715 123825 115955

100 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 101 Natural gas 15293 4689 3636 3712 3256 2829 2158 4248 3905 3845 3296 2561 2320 102 Paper and paper base stocks 12588 3045 3207 3334 3002 2886 2895 3137 3220 3214 3017 2958 2910 103 Textile supplies and related materials 13420 3089 3548 3484 3299 3344 3715 3232 3403 3395 3390 3468 3564 104 Chemicals excluding medicinals 75374 18367 19575 19169 18263 19043 19493 17460 18863 19698 19353 18191 18866 105 Building materials except metals 19879 4536 5206 5359 4778 4883 5795 4942 4873 5018 5046 5261 5447 106 Other nonmetals 29219 6712 7422 7757 7329 7228 7980 7136 7256 7383 7445 7610 7808 107 Metals and nonmetallic products 129020 30123 34347 34065 30485 32742 33576 31094 33366 33175 31385 33763 32496 108 Steelmaking materials 9050 2144 2488 2418 2000 2575 2213 2369 2323 2214 2144 2884 2046 109 Iron and steel products 37273 8165 10328 9764 9015 10357 10933 8554 9930 9423 9366 10824 10460 110 Nonferrous metals 61184 15111 15824 15955 14294 14278 14356 15226 15628 15820 14510 14302 14163 111 Nonmonetary gold 16391 3806 4053 4278 4254 3910 4361 3806 4053 4278 4254 3910 4361 112 Other precious metals 15678 3972 4064 4041 3601 3517 3003 4056 4078 3953 3590 3526 3011 113 Bauxite and aluminum 11579 2688 2989 3147 2754 2927 2966 2707 2785 3116 2972 2939 2767 114 Other nonferrous metals 17537 4645 4718 4489 3685 3924 4026 4657 4713 4473 3693 3927 4024 115 Other metals and nonmetallic products 21513 4704 5707 5927 5176 5532 6074 4945 5484 5719 5365 5752 5826 116 Capital goods except automotive 513368 116979 128626 132280 135484 132112 140910 123222 127620 129474 133053 137656 139854 117 Machinery and equipment except consumer-type 473137 107833 118972 122649 123683 121873 129709 113981 118036 119892 121228 127381 128719 118 Electric generating machinery electric apparatus and parts 59464 13657 14970 15627 15210 15250 16664 14545 14864 14854 15201 16081 16530 119 Oil drilling mining and construction machinery 21829 4653 5572 5790 5815 6824 7482 4691 5473 5731 5933 6848 7371 120 Industrial engines pumps and compressors 21406 5112 5206 5589 5500 5887 6389 5081 5119 5537 5669 5782 6304 121 Machine tools and metalworking machinery 9744 1894 2323 2508 3019 2774 2954 2035 2326 2485 2898 2943 2951 122 Measuring testing and control instruments 17527 4063 4346 4630 4488 4433 4666 4224 4375 4523 4406 4555 4707 123 Other industrial agricultural and service industry machinery 94073 21983 23660 24097 24333 24786 26619 22536 23040 23975 24523 25138 25986 124 Computers peripherals and parts 119710 26133 30498 31186 31892 29301 31436 28539 30366 30452 30354 31631 31261 125 Semiconductors 40411 9578 10045 10304 10484 10741 9853 9931 10074 10094 10312 11050 9858 126 Telecommunications equipment 48494 11410 12229 12523 12332 11755 13194 12528 12268 12053 11645 12785 13271 127 Other office and business machines 4593 1043 1146 1190 1213 1068 1237 1145 1119 1140 1189 1156 1212 128 Scientific hospital and medical equipment and parts 35886 8306 8978 9205 9397 9055 9215 8725 9012 9049 9100 9413 9267 129 Civilian aircraft engines and parts 35548 8326 8555 8354 10313 8977 9683 8421 8485 8305 10337 9011 9617 130 Civilian aircraft complete all types 9892 2416 2115 1808 3553 2048 2341 2416 2115 1808 3553 2048 2340 131 Other transportation equipment 4683 820 1099 1277 1488 1263 1518 820 1099 1277 1488 1263 1518 132 Automotive vehicles parts and engines 255222 61791 58754 64585 70092 72494 74922 62945 58211 66326 67740 73526 74661 133 From Canada 56541 13990 14091 13084 15376 15749 16687 13801 13428 14128 15183 15491 15964 134 Passenger cars new and used 38453 9490 9514 8685 10763 10805 11619 9430 9054 9413 10555 10683 11102 135 Trucks buses and special purpose vehicles 2096 398 436 504 757 538 568 458 462 541 635 625 596 136 Engines and engine parts 3515 942 929 828 816 944 1017 895 863 925 832 889 947 137 Other parts and accessories 12477 3160 3211 3067 3040 3462 3483 3018 3050 3248 3161 3295 3320 138 From other areas 198681 47802 44663 51501 54716 56745 58235 49144 44782 52198 52557 58035 58697 139 Passenger cars new and used 84137 20683 16715 22201 24538 24160 24385 21961 17277 22669 22230 25694 25194 140 Trucks buses and special purpose vehicles 18142 4053 4541 4782 4767 4959 4975 4176 4448 5078 4441 5128 4919 141 Engines and engine parts 20884 4948 5072 5315 5549 5957 6074 4904 4998 5319 5663 5817 6016 142 Other parts and accessories 75518 18117 18335 19203 19862 21669 22801 18102 18059 19133 20224 21395 22567

143 Consumer goods (nonfood) except automotive 517394 117755 126831 137971 134837 119060 126166 128201 130435 128534 130223 128055 130000 144 Nondurable goods 243930 56402 60191 67581 59756 57503 59149 59672 62097 61278 60883 60174 61175 145 Apparel footwear and household goods 125735 28108 30205 37621 29801 29316 29924 30551 32234 32053 30897 31549 32079 146 Medicinal dental and pharmaceutical products 91750 22207 23190 22983 23370 21886 22152 22616 23215 22565 23355 21977 22157 147 Other nondurable goods 26445 6087 6796 6977 6584 6301 7073 6505 6649 6659 6631 6648 6939 148 Durable goods 273464 61354 66639 70390 75081 61557 67017 68529 68337 67257 69341 67881 68825 149 Televisions video receivers and other video equipment 33514 7322 8062 8332 9798 6939 8028 8947 8540 8053 7974 8367 8546 150 Radio and stereo equipment including records tapes and disks 9818 2047 2138 2585 3048 2253 2306 2530 2432 2398 2458 2754 2621 151 Toys and sporting goods including bicycles 35577 7481 7495 10007 10595 7820 7863 9089 8743 8910 8836 9350 9152 152 Household and kitchen appliances and other household goods 136399 31154 34019 34409 36817 31134 34183 33717 33631 32875 36176 33157 33816 153 Household furnishings and related products 23669 5628 6215 5949 5877 6132 6780 5814 5892 5884 6080 6247 6431 154 Household and kitchen appliances 20972 4763 5878 5311 5020 5022 6387 5106 5183 5302 5381 5324 5648 155 Other household goods including cell phones 91758 20763 21926 23148 25920 19980 21015 22798 22556 21689 24715 21586 21737 156 Gems jewelry and collectibles 23675 5299 5644 6052 6681 5429 5572 5656 6102 6097 5819 5782 6054 157 Other durable goods 34481 8051 9282 9005 8143 7981 9065 8590 8889 8923 8078 8471 8636 158 Imports nec and US goods returned 59474 13749 15377 14958 15390 16302 16679 14108 15398 14803 15165 16594 16687 159 US goods returned 41619 9417 10905 10360 10937 11821 12100 9776 10926 10206 10713 12114 12109 160 Other products including balance of payments adjustments not included

above (minimum value shipments and miscellaneous imports) 17854 4332 4472 4597 4453 4480 4578 4332 4472 4597 4453 4480 4578

See the footnotes on pages 92ndash93

74 US International Transactions October 2012

Table 3 Private Services Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Exports of private services 586839 140041 144187 156346 146265 148140 149718 143455 147028 150217 146137 150759 152382

2 Travel (table 1 line 6) 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 3 Passenger fares (table 1 line 7) 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 4 Other transportation (table 1 line 8) 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 5 Freight 21730 5062 5517 5572 5579 5276 5613 5225 5453 5537 5514 5388 5492 6 Port services 21334 5246 5304 5453 5331 5423 5431 5295 5307 5419 5313 5475 5439

7 Royalties and license fees (table 1 line 9) By type 1

120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

8 Industrial processes 2 43952 10977 10730 11069 11175 11026 11393 10977 10730 11069 11175 11026 11393 9 Other 3

By affiliation 76884 17742 19680 19137 20325 18649 19598 18427 19613 19986 18858 19403 19542

10 US parentsrsquo receipts from their foreign affiliates 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 11 US affiliatesrsquo receipts from their foreign parent groups 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362 12 US receipts from unaffiliated foreigners 43757 10584 10809 10746 11617 11122 11804 10878 10662 11603 10614 11475 11674

13 Other private services (table 1 line 10) By type 1

270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476

14 Education 22726 9345 2756 6388 4236 9930 2927 5543 5636 5732 5815 5892 5988 15 Financial services 74055 18490 18877 19012 17676 17712 17725 18490 18877 19012 17676 17712 17725 16 Insurance services 15477 3795 3771 3895 4017 3895 3943 3795 3771 3895 4017 3895 3943 17 Telecommunications 12650 3057 3138 3306 3149 3297 3324 3057 3138 3306 3149 3297 3324 18 Business professional and technical services 134416 32142 32903 33620 35751 33848 35165 34206 33462 33418 33330 35336 35775 19 Other services 4

By affiliation 10870 2658 2701 2761 2750 2700 2721 2658 2701 2761 2750 2700 2721

20 US parentsrsquo receipts from their foreign affiliates 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 21 US affiliatesrsquo receipts from their foreign parent groups 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531 22 US receipts from unaffiliated foreigners 181770 48241 42281 47247 44002 49292 42993 45688 45350 46052 44680 45928 46227

23 Imports of private services 393065 89942 100367 104120 98635 96027 105608 94984 97522 100767 99791 101605 102494 24 Travel (table 1 line 23) 78651 16469 22193 22808 17181 18430 24034 19257 19628 19895 19871 21228 21387 25 Passenger fares (table 1 line 24) 31109 7204 8241 8229 7435 8263 9446 7542 7698 7946 7923 8936 8821 26 Other transportation (table 1 line 25) 54711 13110 13634 14148 13819 13337 13837 13439 13736 13767 13769 13716 13842 27 Freight 40337 9676 10089 10445 10127 9952 10371 9909 10214 10180 10034 10237 10398 28 Port services 14374 3434 3545 3703 3692 3385 3466 3530 3522 3587 3735 3479 3444

29 Royalties and license fees (table 1 line 26) By type 1

36620 8941 8451 9274 9955 9856 9955 8921 8543 9503 9652 9859 10040

30 Industrial processes 2 22633 5211 5166 5958 6298 6134 6402 5232 5175 6073 6153 6178 6404 31 Other 3

By affiliation 13987 3729 3285 3316 3657 3722 3553 3689 3369 3430 3499 3682 3636

32 US parentsrsquo payments to their foreign affiliates 6962 1543 1625 1875 1919 1867 1945 1543 1625 1875 1919 1867 1945 33 US affiliatesrsquo payments to their foreign parent groups 19253 5032 4398 4596 5227 5220 5287 5088 4437 4834 4894 5294 5327 34 US payments to unaffiliated foreigners 10405 2365 2428 2803 2809 2769 2722 2290 2482 2794 2840 2698 2767

35 Other private services (table 1 line 27) By type 1

191973 44219 47848 49661 50246 46140 48336 45825 47916 49656 48576 47866 48404

36 Education 5888 1113 1495 1980 1300 1171 1576 1451 1463 1475 1498 1525 1543 37 Financial services 16207 4083 4212 3906 4006 3915 3973 4083 4212 3906 4006 3915 3973 38 Insurance services 56619 13495 14161 14869 14094 13203 13311 13495 14161 14869 14094 13203 13311 39 Telecommunications 7690 1973 1871 1976 1870 1806 1812 1973 1871 1976 1870 1806 1812 40 Business professional and technical services 104773 23355 25909 26729 28780 25843 27461 24623 26009 27229 26912 27214 27561 41 Other services 4

By affiliation 797 199 201 201 196 204 205 199 201 201 196 204 205

42 US parentsrsquo payments to their foreign affiliates 57245 12590 13993 14874 15789 13842 15217 13495 13874 15063 14814 14807 15091 43 US affiliatesrsquo payments to their foreign parent groups 24910 5564 6149 6184 7013 6528 6629 5774 6344 6301 6491 6779 6828 44 US payments to unaffiliated foreigners

Supplemental detail on insurance transactions

109818 26065 27707 28603 27443 25771 26490 26556 27698 28292 27271 26280 26485

45 Premiums received 5 26571 6577 6438 6662 6895 6754 6879 6577 6438 6662 6895 6754 6879 46 Actual losses paid 22043 8870 4427 4401 4345 4268 4182 8870 4427 4401 4345 4268 4182

47 Premiums paid 5 92552 21284 22845 24854 23568 22288 22844 21284 22845 24854 23568 22288 22844 48 Actual losses recovered

Memoranda

60443 14462 15095 15459 15427 15042 14369 14462 15095 15459 15427 15042 14369

49 Balance on goods (table 1 line 72) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 50 Balance on private services (line 1 minus line 23) 193774 50098 43820 52226 47629 52113 44110 48471 49506 49450 46346 49154 49889 51 Balance on goods and private services (lines 49 and 50) ndash544639 ndash109353 ndash146657 ndash149927 ndash138703 ndash120899 ndash145234 ndash132887 ndash137678 ndash131167 ndash142908 ndash145144 ndash135901

See the footnotes on pages 92ndash93

75 October 2012 SURVEY OF CURRENT BUSINESS

Table 4 Investment Income [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Income receipts on US-owned assets abroad (table 1 line 13) 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595

2 Direct investment receipts (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 3 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 4 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942

5 Other private receipts (table 1 line 15) 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803

6 Income on foreign securities 217968 50866 54343 57039 55721 56615 61114 50866 54343 57039 55721 56615 61114 7 Dividends 137315 31141 34338 36522 35315 36670 41254 31141 34338 36522 35315 36670 41254 8 Interest 80653 19725 20005 20517 20406 19945 19861 19725 20005 20517 20406 19945 19861

9 Interest on claims reported by banks and securities brokers 1 23922 5881 6123 5643 6276 5906 5207 5881 6123 5643 6276 5906 5207 10 For own claims 20941 5038 5411 4966 5526 5276 4665 5038 5411 4966 5526 5276 4665 11 For customersrsquo claims 2981 843 712 677 750 630 543 843 712 677 750 630 543

12 Interest on claims reported by nonbanking concerns 14760 3515 3658 3680 3907 3625 3481 3515 3658 3680 3907 3625 3481

13 US government receipts (table 1 line 16) 2 1923 379 502 524 518 624 499 445 506 527 444 763 499

14 Income payments on foreign-owned assets in the United States (table 1 line 30) 503796 122119 131175 127193 123310 130262 128398 124863 129835 125508 123590 133885 127173

15 Direct investment payments (table 1 line 31) 158559 37147 45195 39946 36272 41962 39144 39891 43855 38261 36552 45585 37919 16 Earnings 132889 31715 38625 33092 29457 35678 32479 33922 37236 31448 30283 38556 31221 17 Interest 25670 5432 6569 6854 6815 6284 6665 5970 6619 6813 6268 7029 6698

18 Other private payments (table 1 line 32) 212506 51501 53193 54157 53655 55396 56528 51501 53193 54157 53655 55396 56528

19 Income on US corporate securities 191403 46501 47969 49082 47851 49620 51088 46501 47969 49082 47851 49620 51088 20 Dividends 73272 17615 18297 19122 18239 20551 21994 17615 18297 19122 18239 20551 21994 21 Interest 118131 28886 29672 29961 29613 29069 29095 28886 29672 29961 29613 29069 29095

22 Interest on liabilities reported by banks and securities brokers 3 13845 3343 3421 3294 3788 3742 3488 3343 3421 3294 3788 3742 3488 23 For own liabilities 8873 2111 2116 2109 2537 2453 2298 2111 2116 2109 2537 2453 2298 24 For customersrsquo liabilities 4973 1232 1305 1185 1251 1288 1190 1232 1305 1185 1251 1288 1190

25 Interest on liabilities reported by nonbanking concerns 7258 1657 1804 1781 2016 2035 1952 1657 1804 1781 2016 2035 1952

26 US government payments (table 1 line 33) 4

Memorandum

132731 33471 32787 33090 33383 32904 32726 33471 32787 33090 33383 32904 32726

27 Balance on investment income (line 1 minus line 14) 235013 56306 60286 59989 58432 52167 59343 54465 58212 60486 61851 49345 57422

See the footnotes on pages 92ndash93

76 US International Transactions October 2012

Table 5 US Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars]

Line (Credits + decrease in US assets or increase in foreign assets Debits ndash increase in US assets or decrease in foreign assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 US official reserve assets net (table 1 line 41) ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 556620 2 Gold (table 1 line 42) 0 0 0 0 0 0 0 418006 3 Special drawing rights (table 1 line 43) 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 54341 4 Reserve position in the International Monetary Fund (table 1 line 44) ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 33930 5 Foreign currencies (table 1 line 45) 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 50343

B1 Foreign official assets in the United States net (table 1 line 56) By instrument

211826 72974 121822 19889 ndash2859 69711 83010 5446436

2 US Treasury securities (table 1 line 58) 171179 56274 104363 28115 ndash17573 85068 84870 3820294 3 Bills and certificates ndash103432 ndash44574 ndash5335 ndash25726 ndash27797 ndash724 7606 366603 4 Bonds and notes marketable 274493 100820 109668 53811 10194 85762 77233 3452104 5 Bonds and notes nonmarketable 118 28 30 30 30 30 31 1587 6 Other US government securities (table 1 line 59) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 609996 7 Other US government liabilities (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 124248 8 US liabilities reported by US banks and securities brokers (table 1 line 61) 30010 ndash3090 15764 5121 12215 ndash19305 5982 196406 9 Liabilities for own accounts 1 42762 628 12578 8708 20848 ndash19636 9591 185597

10 Repurchase agreements 41101 7350 4198 12123 17430 ndash3161 892 127866 11 Deposits and brokerage balances 2 5151 ndash1073 7768 ndash4856 3312 ndash10349 6565 51909 12 Other liabilities ndash3490 ndash5649 612 1441 106 ndash6126 2134 5822 13 Liabilities for customersrsquo accounts 1 ndash12752 ndash3718 3186 ndash3587 ndash8633 331 ndash3609 10809 14 Negotiable certificates of deposit and other short-term instruments ndash12751 ndash3718 3187 ndash3587 ndash8633 331 ndash3609 10776 15 Other liabilities ndash1 () ndash1 () () () () 33 16 Other foreign official assets (table 1 line 62)

By area

14018 5631 6638 1232 517 752 3621 695492

17 Europe 38811 23443 21041 37333 ndash43006 10712 33045 788398 18 Canada 3872 ndash212 3777 ndash2001 2308 ndash535 ndash695 25243 19 Latin America and Caribbean 49694 26680 18074 ndash810 5750 7983 24414 458633 20 Asia 127278 29076 72931 ndash12181 37452 53413 22047 4037369 21 Africa ndash11843 ndash2296 1148 ndash7060 ndash3635 ndash3308 3131 44750 22 Other 4014 ndash3717 4851 4608 ndash1728 1446 1068 92043

See the footnotes on pages 92ndash93

77 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 Selected US Government Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 US government grants and transactions increasing government assets total

By category

155507 12321 16931 13426 112830 ndash38814 ndash4439

2 Grants net 48508 11165 14315 11476 11552 11911 11657 3 US government current grants net (table 1 line 36 with sign reversed) 47350 11136 13486 11176 11551 11910 11657 4 Financing military purchases 1 17043 3835 6302 3166 3741 5304 4266 5 Other grants 30307 7302 7184 8010 7811 6605 7392 6 Cash contributions received from coalition partners for Persian Gulf operations 7 Debt forgiveness (table 1 part of line 39 with sign reversed) 1158 29 829 300 1 1 0

8 Credits and other long-term assets (table 1 line 47 with sign reversed) 7307 1307 2337 1396 2267 2631 2393 9 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753

10 Credits repayable in US dollars 4742 738 877 970 2158 2267 640 11 Credits repayable in other than US dollars 0 0 0 0 0 0 0 12 Other long-term assets 0 0 0 0 0 0 0

13 Foreign currency holdings and short-term assets net (table 1 line 49 with sign reversed) 99692 ndash150 279 553 99010 ndash53356 ndash18489 14 Foreign currency holdings (excluding administrative cash holdings) net

Receipts from 0 0 0 0 0 0 0

15 Sales of agricultural commodities 0 0 0 0 0 0 0 16 Interest 0 0 0 0 0 0 0 17 Repayments of principal 0 0 0 0 0 0 0 18 Reverse grants 0 0 0 0 0 0 0 19 Other sources

Less currencies disbursed for 0 0 0 0 0 0 0

20 Grants and credits in the recipientrsquos currency 0 0 0 0 0 0 0 21 Other grants and credits 0 0 0 0 0 0 0 22 Other US government expenditures 0 0 0 0 0 0 0 23 Assets acquired in performance of US government guarantee and insurance obligations net ndash113 ndash112 ndash12 7 4 2 2 24 Other assets held under Commodity Credit Corporation Charter Act net 0 0 0 0 0 0 0 25 Assets financing military sales contracts net 2 0 0 0 0 0 0 0 26 Other short-term assets (including changes in administrative cash holdings) net 9

By program

99806 ndash39 291 546 99007 ndash53358 ndash18491

27 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753 28 Under Agricultural Trade Development and Assistance Act and related programs 1785 452 444 444 445 443 445 29 Under Foreign Assistance Act and related programs 44105 10363 12642 10445 10655 11122 10490 30 Under Export-Import Bank Act 4733 418 1612 704 1998 2193 507 31 Under Commodity Credit Corporation Charter Act 63 50 1 8 4 2 2 32 Under other grant and credit programs 2451 508 480 852 612 420 855 33 Other foreign currency assets acquired (lines A16 A17 and A19) 0 0 0 0 0 0 0 34 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 35 Other (including changes in administrative cash holdings) net 9

By disposition 3

99806 ndash39 291 546 99007 ndash53358 ndash18491

36 Estimated transactions involving no direct dollar outflow from the United States 39588 8587 12036 8695 10270 11313 8804 37 Expenditures on US goods 10582 1708 3370 2104 3400 3303 3074 38 Expenditures on US services 4 11865 2860 2837 3050 3118 2697 2754 39 Financing of military sales contracts by US government 5 (line C6) 15740 3834 5003 3161 3741 5303 2966 40 By long-term credits 0 0 0 0 0 0 0 41 By short-term credits 1 0 0 0 0 0 0 0 42 By grants 1 15740 3834 5003 3161 3741 5303 2966 43 US government grants and credits to repay prior US government credits 1 4 1475 265 831 371 7 8 8 44 US government long- and short-term credits to repay prior US private credits 6 and other assets ndash59 ndash79 6 11 4 2 2 45 Increase in liabilities associated with US government grants and transactions increasing government assets

(including changes in retained accounts) 7 (line C11) 0 0 0 0 0 0 0 46 Less receipts on short-term US government assets (a) financing military sales contracts 1 (b) financing

repayment of private credits and other assets and (c) financing expenditures on US goods 14 2 11 1 0 0 0 47 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9 115919 3735 4895 4730 102560 ndash50127 ndash13243

B1 Repayments on US government long-term assets total (table 1 line 48) 3333 610 1259 812 653 352 630 2 Receipts of principal on US government credits 3333 610 1259 812 653 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 113 165 63 92 4 Under Foreign Assistance Act and related programs 1289 406 160 562 162 128 156 5 Under Export-Import Bank Act 1608 119 1043 125 321 143 374 6 Under Commodity Credit Corporation Charter Act 33 8 8 12 5 18 8 7 Under other credit programs 0 0 0 0 0 0 0 8 Receipts on other long-term assets 0 0 0 0 0 0 0

C1 US government liabilities other than securities total net increase (+) (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 2 Associated with military sales contracts 2 9063 2714 2236 2287 1826 2833 2682 3 US government cash receipts from foreign governments (including principal repayments on credits financing

military sales contracts) net of refunds 1 20568 5499 4188 6357 4524 5126 5927 4 Less US government receipts from principal repayments 64 21 3 37 3 20 3 5 Less US Treasury securities issued in connection with prepayments for military purchases in the United States ndash300 ndash200 ndash100 0 0 600 0 6 Plus financing of military sales contracts by US government 5 (line A39) 15740 3834 5003 3161 3741 5303 2966 7 By long-term credits 0 0 0 0 0 0 0 8 By short-term credits 1 0 0 0 0 0 0 0 9 By grants 1 15740 3834 5003 3161 3741 5303 2966

10 Less transfers of goods and services (including transfers financed by grants for military purchases and by credits) 1 2 (table 1 line 5 and part of table 1 line 3) 27480 6799 7053 7193 6436 6975 6207

11 Associated with US government grants and transactions increasing Government assets (including changes in retained accounts) 7 (line A45) 0 0 0 0 0 0 0

12 Associated with other liabilities 0 0 0 0 0 0 0 13 Sales of nuclear material by Department of EnergyUS Enrichment Corporation 8 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 0 0 0 0 15 Other sales and miscellaneous operations 10 0 0 0 0 0 0 0

See the footnotes on pages 92ndash93

78 US International Transactions October 2012

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashContinues [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

US direct investment abroad 1 Income (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 2 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 3 Distributed earnings 124644 23504 22427 22871 55842 23865 21390 32210 27222 33572 31641 32869 27378 4 Reinvested earnings 348639 92627 102644 95678 57690 89929 94107 84759 94430 83786 85664 81587 84973 5 Reinvested earnings without current-cost adjustment 325963 86892 96963 90037 52071 84286 88464 79024 88749 78145 80045 75944 79330 6 Current-cost adjustment 22676 5735 5681 5641 5619 5643 5643 5735 5681 5641 5619 5643 5643 7 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 8 US parentsrsquo receipts 9283 2227 2339 2330 2388 2441 2514 2227 2339 2330 2388 2441 2514 9 US parentsrsquo payments ndash2328 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572

10 Income without current-cost adjustment 457562 112049 121155 114656 109702 110017 111796 112886 117736 113465 113475 110678 108650 11 Manufacturing 73806 17966 18899 20074 16867 17028 18022 18913 18394 18633 17866 17837 17522 12 Wholesale trade 29989 7093 7704 7682 7510 7426 7811 7646 7305 7889 7149 7880 7533 13 Finance (including depository institutions) and insurance 43794 10295 12580 11150 9769 11997 10863 10264 11780 10753 10997 11970 10134 14 Holding companies except bank holding companies 221295 56322 59376 52965 52633 51753 53045 55691 57661 53403 54541 51180 51405 15 Other 88678 20373 22596 22786 22922 21812 22056 20373 22596 22786 22922 21812 22056

16 Earnings without current-cost adjustment (line 2 less line 6) 450607 110396 119390 112908 107913 108151 109854 111234 115971 111716 111685 108813 106708 17 Manufacturing 73186 17813 18746 19933 16693 16878 17898 18761 18241 18492 17692 17686 17399 18 Wholesale trade 29714 7033 7631 7613 7437 7330 7722 7586 7232 7821 7075 7783 7445 19 Finance (including depository institutions) and insurance 43417 10189 12489 11058 9681 11912 10710 10158 11689 10662 10909 11885 9981 20 Holding companies except bank holding companies 217489 55471 58407 51986 51626 50686 51960 54839 56692 52424 53534 50112 50320 21 Other 86801 19890 22117 22318 22476 21346 21564 19890 22117 22318 22476 21346 21564

22 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 23 Manufacturing 620 153 153 141 174 150 123 153 153 141 174 150 123 24 Wholesale trade 275 59 73 69 74 96 89 59 73 69 74 96 89 25 Finance (including depository institutions) and insurance 1 377 106 91 92 88 85 153 106 91 92 88 85 153 26 Holding companies except bank holding companies 3806 851 969 978 1007 1068 1085 851 969 978 1007 1068 1085 27 Other 1877 483 479 468 447 466 492 483 479 468 447 466 492 28 Financial flows (table 1 line 51) ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 29 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 30 Increases in equity ndash96679 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 31 Decreases in equity 44289 10804 9498 15550 8437 9955 3899 10804 9498 15550 8437 9955 3899 32 Reinvested earnings (line 4 with sign reversed) ndash348639 ndash92627 ndash102644 ndash95678 ndash57690 ndash89929 ndash94107 ndash84759 ndash94430 ndash83786 ndash85664 ndash81587 ndash84973 33 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 34 US parentsrsquo receivables ndash51927 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 35 US parentsrsquo payables 33625 12990 11539 13072 ndash3976 ndash10998 5502 12990 11539 13072 ndash3976 ndash10998 5502

36 Financial flows without current-cost adjustment ndash396656 ndash106537 ndash135929 ndash76575 ndash77615 ndash118793 ndash82721 ndash98669 ndash127716 ndash64682 ndash105589 ndash110451 ndash73586 37 Manufacturing ndash59177 ndash16194 ndash18091 ndash13990 ndash10902 ndash26301 ndash12029 ndash15541 ndash17844 ndash11563 ndash14229 ndash25696 ndash11657 38 Wholesale trade ndash24274 ndash5575 ndash9735 ndash4201 ndash4762 ndash13024 ndash7336 ndash5524 ndash9400 ndash4178 ndash5172 ndash12642 ndash7057 39 Finance (including depository institutions) and insurance ndash28020 ndash14300 ndash10263 ndash1251 ndash2206 ndash12624 ndash10334 ndash13175 ndash8485 1349 ndash7709 ndash11461 ndash9030 40 Holding companies except bank holding companies ndash207586 ndash56964 ndash63460 ndash40885 ndash46277 ndash41493 ndash42723 ndash50998 ndash58733 ndash35655 ndash62199 ndash35138 ndash36610 41 Other ndash77600 ndash13505 ndash34380 ndash16247 ndash13468 ndash25350 ndash10299 ndash13431 ndash33254 ndash14635 ndash16280 ndash25515 ndash9231

42 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 43 Manufacturing ndash10282 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 44 Wholesale trade ndash196 1012 ndash731 ndash360 ndash117 ndash36 ndash165 1012 ndash731 ndash360 ndash117 ndash36 ndash165 45 Finance (including depository institutions) and insurance 3005 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 46 Holding companies except bank holding companies ndash29277 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 47 Other ndash15641

48 Reinvested earnings without current-cost adjustment (line 5

699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998 699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998

with sign reversed) ndash325963 ndash86892 ndash96963 ndash90037 ndash52071 ndash84286 ndash88464 ndash79024 ndash88749 ndash78145 ndash80045 ndash75944 ndash79330 49 Manufacturing ndash55516 ndash15571 ndash12341 ndash16403 ndash11200 ndash15084 ndash15008 ndash14919 ndash12094 ndash13976 ndash14527 ndash14479 ndash14637 50 Wholesale trade ndash23262 ndash6343 ndash5714 ndash5598 ndash5608 ndash6423 ndash5596 ndash6292 ndash5379 ndash5575 ndash6017 ndash6040 ndash5317 51 Finance (including depository institutions) and insurance ndash24211 ndash7544 ndash9071 ndash8164 568 ndash8364 ndash8540 ndash6420 ndash7293 ndash5564 ndash4935 ndash7201 ndash7237 52 Holding companies except bank holding companies ndash156816 ndash43701 ndash51718 ndash40749 ndash20648 ndash37529 ndash40949 ndash37735 ndash46991 ndash35520 ndash36570 ndash31174 ndash34836 53 Other ndash66157 ndash13733 ndash18120 ndash19122 ndash15183 ndash16886 ndash18371 ndash13659 ndash16993 ndash17510 ndash17995 ndash17050 ndash17303

54 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 55 Manufacturing 6620 348 ndash2426 5502 3196 ndash11030 4064 348 ndash2426 5502 3196 ndash11030 4064 56 Wholesale trade ndash815 ndash244 ndash3290 1757 963 ndash6566 ndash1574 ndash244 ndash3290 1757 963 ndash6566 ndash1574 57 Finance (including depository institutions) and insurance 2 ndash6814 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 58 Holding companies except bank holding companies ndash21492 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 59 Other 4199 ndash471 ndash2630 4386 2914 ndash5022 9070 ndash471 ndash2630 4386 2914 ndash5022 9070

60 Royalties and license fees net 66130 15584 17100 16678 16768 15386 15879 15975 17181 16669 16305 15787 15954 61 US parentsrsquo receipts (table 1 part of line 9) 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 62 US parentsrsquo payments (table 1 part of line 26) ndash6962 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945

63 Other private services net 1656 1528 641 ndash613 101 1120 391 1108 879 ndash509 179 643 628 64 US parentsrsquo receipts (table 1 part of line 10) 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 65 US parentsrsquo payments (table 1 part of line 27) ndash57245 ndash12590 ndash13993 ndash14874 ndash15789 ndash13842 ndash15217 ndash13495 ndash13874 ndash15063 ndash14814 ndash14807 ndash15091

See the footnotes on pages 92ndash93

79 October 2012 SURVEY OF CURRENT BUSINESS

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashTable Ends [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Foreign direct investment in the United States 66 Income (table 1 line 31) ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 67 Earnings ndash132889 ndash31715 ndash38625 ndash33092 ndash29457 ndash35678 ndash32479 ndash33922 ndash37236 ndash31448 ndash30283 ndash38556 ndash31221 68 Distributed earnings ndash45500 ndash6356 ndash11011 ndash10722 ndash17411 ndash8671 ndash12651 ndash9436 ndash12068 ndash14213 ndash9783 ndash12745 ndash15395 69 Reinvested earnings ndash87389 ndash25359 ndash27614 ndash22370 ndash12046 ndash27007 ndash19829 ndash24486 ndash25168 ndash17235 ndash20500 ndash25811 ndash15826 70 Reinvested earnings without current-cost adjustment ndash80338 ndash23529 ndash25842 ndash20637 ndash10330 ndash25251 ndash18066 ndash22656 ndash23396 ndash15502 ndash18784 ndash24055 ndash14063 71 Current-cost adjustment ndash7051 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 72 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 73 US affiliatesrsquo payments ndash30005 ndash6234 ndash7717 ndash7996 ndash8058 ndash7425 ndash7785 ndash6772 ndash7767 ndash7955 ndash7511 ndash8170 ndash7818 74 US affiliatesrsquo receipts 4335 802 1148 1142 1243 1141 1120 802 1148 1142 1243 1141 1120

75 Income without current-cost adjustment ndash151508 ndash35317 ndash43423 ndash38213 ndash34556 ndash40206 ndash37381 ndash38061 ndash42083 ndash36528 ndash34836 ndash43829 ndash36156 76 Manufacturing ndash64899 ndash12720 ndash16789 ndash18633 ndash16757 ndash17145 ndash16242 ndash15303 ndash15493 ndash16911 ndash17192 ndash20617 ndash15061 77 Wholesale trade ndash16259 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 78 Finance (including depository institutions) and insurance ndash21752 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 79 Other ndash48598 ndash11079 ndash12703 ndash13082 ndash11734 ndash12044 ndash13192 ndash11241 ndash12660 ndash13119 ndash11579 ndash12195 ndash13147

80 Earnings without current-cost adjustment (line 67 less line 71) ndash125838 ndash29885 ndash36853 ndash31359 ndash27741 ndash33922 ndash30716 ndash32092 ndash35464 ndash29715 ndash28567 ndash36800 ndash29458 81 Manufacturing ndash55386 ndash10798 ndash14394 ndash16015 ndash14178 ndash14244 ndash13364 ndash13005 ndash13005 ndash14370 ndash15005 ndash17122 ndash12106 82 Wholesale trade ndash14661 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 83 Finance (including depository institutions) and insurance ndash20365 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 84 Other ndash35426 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065

85 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 86 Manufacturing ndash9514 ndash1922 ndash2395 ndash2618 ndash2579 ndash2901 ndash2878 ndash2298 ndash2488 ndash2541 ndash2187 ndash3495 ndash2956 87 Wholesale trade ndash1598 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 88 Finance (including depository institutions) and insurance 1 ndash1386 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 89 Other ndash13172 ndash2838 ndash3393 ndash3481 ndash3460 ndash2792 ndash3127 ndash2999 ndash3350 ndash3518 ndash3305 ndash2943 ndash3082

90 Financial flows (table 1 line 64) 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 91 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 92 Increases in equity 132936 17222 36517 35875 43322 15340 18046 17222 36517 35875 43322 15340 18046 93 Decreases in equity ndash39712 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 94 Reinvested earnings (line 69 with sign reversed) 87389 25359 27614 22370 12046 27007 19829 24486 25168 17235 20500 25811 15826 95 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 96 US affiliatesrsquo payables 43290 11769 7883 7075 16563 7349 14733 11769 7883 7075 16563 7349 14733 97 US affiliatesrsquo receivables 10085 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715

98 Financial flows without current-cost adjustment 226937 32409 61955 66624 65949 21642 35719 31535 59509 61489 74404 20446 31716 99 Manufacturing 90883 13314 22501 34763 20305 4194 18099 13977 19299 31624 25983 5897 13762

100 Wholesale trade 25675 5885 4278 ndash211 15723 7844 3673 5885 4278 ndash211 15723 7844 3673 101 Finance (including depository institutions) and insurance 26470 4236 9275 4803 8156 ndash5065 5212 3421 9488 4363 9198 ndash6455 5039 102 Other 83908 8973 25900 27269 21765 14669 8735 8251 26443 25713 23500 13159 9242

103 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 104 Manufacturing 35349 5742 11529 6542 11536 ndash39 5875 5742 11529 6542 11536 ndash39 5875 105 Wholesale trade ndash67 370 878 ndash2425 1111 866 ndash77 370 878 ndash2425 1111 866 ndash77 106 Finance (including depository institutions) and insurance 23959 2776 5921 10935 4326 ndash7581 5007 2776 5921 10935 4326 ndash7581 5007 107 Other 33983 ndash1312 12153 10495 12647 8773 831 ndash1312 12153 10495 12647 8773 831

108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80338 23529 25842 20637 10330 25251 18066 22656 23396 15502 18784 24055 14063

109 Manufacturing 39912 8869 12425 14871 3748 11842 9086 9532 9223 11732 9426 13545 4749 110 Wholesale trade 9572 2669 3983 1139 1781 3052 3517 2669 3983 1139 1781 3052 3517 111 Finance (including depository institutions) and insurance 5528 5221 3553 ndash3602 356 3718 ndash1022 4407 3766 ndash4043 1398 2328 ndash1195 112 Other 25326 6770 5881 8230 4445 6639 6484 6048 6424 6673 6180 5130 6991

113 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 114 Manufacturing 15621 ndash1297 ndash1453 13350 5021 ndash7609 3138 ndash1297 ndash1453 13350 5021 ndash7609 3138 115 Wholesale trade 16170 2846 ndash583 1075 12831 3926 233 2846 ndash583 1075 12831 3926 233 116 Finance (including depository institutions) and insurance 2 ndash3017 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 117 Other 24599 3515 7867 8544 4673 ndash744 1420 3515 7867 8544 4673 ndash744 1420

118 Royalties and license fees net ndash15266 ndash4024 ndash3523 ndash3688 ndash4031 ndash3920 ndash3926 ndash4080 ndash3561 ndash3927 ndash3698 ndash3994 ndash3965 119 US affiliatesrsquo payments (table 1 part of line 26) ndash19253 ndash5032 ndash4398 ndash4596 ndash5227 ndash5220 ndash5287 ndash5088 ndash4437 ndash4834 ndash4894 ndash5294 ndash5327 120 US affiliatesrsquo receipts (table 1 part of line 9) 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362

121 Other private services net 4611 1565 1082 1291 673 601 575 1684 1137 1217 573 676 703 122 US affiliatesrsquo payments (table 1 part of line 27) ndash24910 ndash5564 ndash6149 ndash6184 ndash7013 ndash6528 ndash6629 ndash5774 ndash6344 ndash6301 ndash6491 ndash6779 ndash6828 123 US affiliatesrsquo receipts (table 1 part of line 10) 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531

See the footnotes on pages 92ndash93

80 US International Transactions October 2012

Table 8 Transactions in Long-Term Securities [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 Foreign securities net purchases (ndash) or net sales (+) by US residents (table 1 line 52 or lines 4 + 18 below) ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 2 Stocks gross purchases by US residents 4058569 1115382 1041556 1025031 876600 945740 881122 3 Stocks gross sales by US residents 3969524 1067659 1014406 1002229 885230 930938 860148 4 Stocks net purchases by US residents ndash89045 ndash47723 ndash27150 ndash22802 8630 ndash14802 ndash20974 5 New issues in the United States 1 na na na na na na na 6 Transactions in outstanding stocks net

Net purchases by US residents by area

na na na na na na na

7 Europe ndash25067 ndash26337 ndash2604 ndash5702 9576 ndash2358 ndash15082 8 Of which United Kingdom ndash13396 ndash19159 70 ndash1874 7567 ndash1600 ndash15899 9 Canada ndash5443 ndash1865 ndash372 ndash4436 1230 ndash570 ndash1511

10 Caribbean financial centers 2 ndash35903 3950 ndash20403 ndash18436 ndash1014 2094 ndash3070 11 Latin America excluding Caribbean financial centers ndash5931 ndash4670 320 169 ndash1750 ndash2025 ndash442 12 Asia ndash15100 ndash17825 ndash2663 6056 ndash668 ndash11612 250 13 Of which Japan 4246 ndash5286 3161 6028 343 ndash2486 ndash1332 14 Africa ndash1267 177 323 ndash1659 ndash108 ndash963 ndash335 15 Other ndash334 ndash1153 ndash1751 1206 1364 632 ndash784

16 Bonds gross purchases by US residents 3588896 980857 1002268 812382 793389 952456 924408 17 Bonds gross sales by US residents 3531144 943108 972223 795074 820739 970862 950919 18 Bonds net purchases by US residents ndash57752 ndash37749 ndash30045 ndash17308 27350 18406 26511 19 New issues in the United States 1 na na na na na na na 20 Transactions in outstanding bonds net

Net purchases by US residents by area

na na na na na na na

21 Europe ndash57116 ndash38199 ndash44480 ndash3521 29084 32726 ndash6380 22 Of which United Kingdom ndash69861 ndash28228 ndash40030 ndash15810 14207 25939 ndash12477 23 Canada ndash33586 ndash3501 ndash8892 ndash11520 ndash9673 ndash6694 ndash5133 24 Caribbean financial centers 2 19097 6201 10873 ndash755 2778 ndash6681 5324 25 Latin America excluding Caribbean financial centers ndash14169 ndash2362 ndash3442 ndash8420 55 ndash7267 ndash367 26 Asia 27885 2618 12813 8227 4227 7667 20602 27 Of which Japan ndash1609 ndash4247 1335 1706 ndash403 2740 740 28 Africa ndash336 729 ndash394 ndash495 ndash176 561 1095 29 Other 473 ndash3235 3477 ndash824 1055 ndash1906 11370 B1 US securities excluding transactions in US Treasury securities and transactions of foreign official agencies net

purchases (+) or net sales (ndash) by foreign residents (table 1 line 66 or lines 4 + 16 + 30 below) ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174

2 Stocks gross purchases by foreign residents 7694549 1895452 1924179 2139525 1735393 1754294 1771458 3 Stocks gross sales by foreign residents 7682151 1863304 1898511 2167803 1752533 1735411 1780038 4 Stocks net purchases by foreign residents

Net purchases by foreign residents by area

12398 32148 25668 ndash28278 ndash17140 18883 ndash8580

5 Europe ndash36934 9946 6908 ndash35533 ndash18255 15866 1499 6 Of which United Kingdom 2176 12238 5819 ndash10024 ndash5857 9807 4064 7 Canada 14831 4147 9949 337 398 2886 2291 8 Caribbean financial centers 2 30486 20509 4055 2837 3085 4908 ndash12630 9 Latin America excluding Caribbean financial centers 860 1926 654 ndash1259 ndash461 ndash106 627

10 Asia 1996 ndash4304 2677 5200 ndash1577 ndash5643 281 11 Of which Japan 3067 ndash1330 13 4493 ndash109 ndash5568 ndash1853 12 Africa 801 50 88 ndash245 908 64 170 13 Other 358 ndash126 1337 385 ndash1238 908 ndash818

14 Corporate bonds gross purchases by foreign residents 956647 289671 276332 213212 177432 262482 206683 15 Corporate bonds gross sales by foreign residents 1025487 299559 294294 222948 208686 277314 240012 16 Corporate bonds net purchases by foreign residents ndash68840 ndash9888 ndash17962 ndash9736 ndash31254 ndash14832 ndash33329 17 New issues sold abroad by US corporations 1 na na na na na na na 18 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

19 Europe ndash98270 ndash22540 ndash26327 ndash14083 ndash35320 ndash20673 ndash35281 20 Of which United Kingdom ndash50976 ndash15358 ndash16537 ndash75 ndash19006 ndash15784 ndash26536 21 Canada ndash823 ndash70 ndash83 ndash1217 547 ndash5811 3648 22 Caribbean financial centers 2 16093 8157 1110 5929 897 6395 ndash1538 23 Latin America excluding Caribbean financial centers 3765 1776 278 647 1064 439 803 24 Asia 14709 3337 6163 364 4845 7388 ndash415 25 Of which Japan 9271 2305 2695 501 3770 4389 ndash1470 26 Africa ndash21 45 9 ndash87 12 42 ndash67 27 Other ndash4293 ndash593 888 ndash1289 ndash3299 ndash2612 ndash479

28 Federally sponsored agency bonds gross purchases by foreign residents 970698 216628 208974 278774 266322 262113 331244 29 Federally sponsored agency bonds gross sales by foreign residents 970698 234550 221788 261156 253204 262510 332509 30 Federally sponsored agency bonds net purchases by foreign residents () ndash17922 ndash12814 17618 13118 ndash397 ndash1265 31 New issues sold abroad by federally sponsored agencies 1 na na na na na na na 32 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

33 Europe ndash16036 2976 ndash20684 ndash3010 4682 ndash6679 ndash3902 34 Of which United Kingdom 548 11549 ndash17229 ndash641 6869 ndash619 ndash5140 35 Canada 3281 1173 2080 ndash14 42 ndash1539 ndash165 36 Caribbean financial centers 2 5838 ndash10703 9265 9530 ndash2254 ndash3567 ndash2198 37 Latin America excluding Caribbean financial centers 6586 393 80 2140 3973 1777 1727 38 Asia 627 ndash11488 ndash3255 8818 6552 9564 2899 39 Of which Japan 15927 ndash2057 2981 10383 4620 6109 4208 40 Africa ndash221 ndash43 ndash87 ndash18 ndash73 ndash2 6 41 Other ndash75 ndash230 ndash213 172 196 49 368 C1 US Treasury bonds and notes excluding transactions of foreign official agencies net purchases (+) or net sales (ndash)

by foreign residents (table 1 part of line 65) 199483 55835 595 101379 41674 56501 21172 2 US Treasury bonds and notes gross purchases by foreign residents 16679789 4387827 4351236 4560198 3380528 3762454 3632336 3 US Treasury bonds and notes gross sales by foreign residents

Net purchases by foreign residents by area

16480306 4331992 4350641 4458819 3338854 3705953 3611164

4 Europe 156007 54202 20940 75802 5063 7923 26221 5 Canada ndash4043 8536 ndash20054 2049 5426 18053 7553 6 Caribbean financial centers 2 12854 ndash9205 3988 18426 ndash355 ndash1513 4772 7 Latin America excluding Caribbean financial centers ndash6705 ndash13933 6129 ndash569 1668 835 ndash2749 8 Asia 39226 16211 ndash10977 6337 27655 29297 ndash17241 9 Africa 1871 1483 ndash57 250 195 1287 14

10 Other Memoranda Net purchases of marketable long-term US securities by foreign official agencies included elsewhere in the

international transactions accounts net purchases (+) or net sales (ndash) (lines in table 5)

273 ndash1459 626 ndash916 2022 619 2602

1 US Treasury marketable bonds and notes (line B4) 274493 100820 109668 53811 10194 85762 77233 2 Other US government securities (line B6) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 3 US corporate and other bonds (part of line B16) ndash934 ndash1085 ndash2010 1896 265 296 ndash1723 4 US stocks (part of line B16) 14952 6716 8648 ndash664 252 456 5344

See the footnotes on pages 92ndash93

81 October 2012 SURVEY OF CURRENT BUSINESS

Table 9 Claims on and Liabilities to Unaffiliated Foreigners Reported by US Nonbanking Concerns Except Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets or increase in US liabilities Debits ndash increase in US assets or decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 Claims total (table 1 line 53) ndash11608 ndash92203 6147 9326 65122 ndash49183 396 862495 2 Financial claims ndash9057 ndash97175 5831 17487 64800 ndash52488 ndash2122 813284 3 Denominated in US dollars 25445 ndash93191 22472 44778 51386 ndash32492 ndash273 552075 4 Denominated in foreign currencies

By instrument 2

ndash34502 ndash3984 ndash16641 ndash27291 13414 ndash19996 ndash1849 261209

5 Resale agreements ndash832 378 ndash1975 823 ndash58 ndash453 ndash1566 4419 6 Negotiable certificates of deposit 1932 ndash535 2737 ndash817 547 772 () () 7 Other short-term instruments (including money market instruments) 1282 366 ndash3868 6786 ndash2002 528 ndash9379 11657 8 Deposits ndash36389 ndash80544 ndash13404 2457 55102 ndash50191 ndash7503 663858 9 Other claims 24950 ndash16840 22341 8238 11211 ndash3144 16326 133350

10 Of which Financial intermediariesrsquo accounts 3

By area

18189 ndash23472 21674 8096 11891 ndash4394 17666 107901

11 Europe Of which

ndash53513 ndash87957 5296 ndash7097 36245 ndash45912 15541 666624

12 United Kingdom ndash40517 ndash62686 ndash3745 ndash14500 40414 ndash47004 10918 395894 13 Germany ndash33689 ndash21553 ndash2793 ndash1886 ndash7457 ndash242 2037 57509 14 Caribbean financial centers 4 37655 ndash15180 1295 21661 29879 ndash9448 ndash9063 118148 15 Other 6801 5962 ndash760 2923 ndash1324 2872 ndash8600 28512

16 Commercial claims ndash2551 4972 316 ndash8161 322 3305 2518 49211 17 Denominated in US dollars ndash1774 5478 ndash29 ndash7943 720 3378 702 46635 18 Denominated in foreign currencies

By instrument

ndash777 ndash506 345 ndash218 ndash398 ndash73 1816 2576

19 Trade receivables ndash4541 2732 579 ndash7304 ndash548 4016 3150 37041 20 Advance payments and other claims

By area

1990 2240 ndash263 ndash857 870 ndash711 ndash632 12170

21 Europe ndash3279 2040 242 ndash5285 ndash276 5679 ndash854 15463 22 Canada ndash930 ndash209 968 ndash1748 59 ndash246 38 5832 23 Asia 676 2170 ndash742 ndash474 ndash278 ndash2023 2184 17120 24 Other 982 971 ndash152 ndash654 817 ndash105 1150 10796

B1 Liabilities total (table 1 line 68) 6567 40688 25538 ndash19670 ndash39989 24212 ndash8754 699925 2 Financial liabilities ndash1029 42077 25244 ndash30057 ndash38293 23388 ndash6819 636268 3 Denominated in US dollars ndash19634 36790 15510 ndash49765 ndash22169 9081 ndash16128 454215 4 Denominated in foreign currencies

By instrument 2

18605 5287 9734 19708 ndash16124 14307 9309 182053

5 Repurchase agreements ndash2808 ndash427 1542 ndash1150 ndash2773 577 588 3934 6 Short-term instruments ndash164 ndash121 592 ndash860 225 547 ndash575 1354 7 Other liabilities 1943 42625 23110 ndash28047 ndash35745 22264 ndash6832 630980 8 Of which Financial intermediariesrsquo accounts 3

By area

ndash3020 ndash892 ndash364 ndash958 ndash806 ndash1719 1166 36494

9 Europe Of which

ndash496 38802 25116 ndash31040 ndash33374 19239 543 560101

10 United Kingdom 7935 42202 22426 ndash29433 ndash27260 17504 4527 350093 11 Germany ndash7180 ndash8747 ndash383 297 1653 ndash1996 ndash3988 67121 12 Caribbean financial centers 4 3744 2692 223 2758 ndash1929 5716 ndash8186 60319 13 Other ndash4277 583 ndash95 ndash1775 ndash2990 ndash1567 824 15848

14 Commercial liabilities 7596 ndash1389 294 10387 ndash1696 824 ndash1935 63657 15 Denominated in US dollars 7723 ndash1259 283 10576 ndash1877 455 ndash477 59708 16 Denominated in foreign currencies

By instrument

ndash127 ndash130 11 ndash189 181 369 ndash1458 3949

17 Trade payables 2938 ndash541 ndash318 6484 ndash2687 ndash1137 ndash2126 29196 18 Advance receipts and other liabilities

By area

4658 ndash848 612 3903 991 1961 191 34461

19 Europe 3935 ndash1380 360 6413 ndash1458 ndash1812 ndash1608 16171 20 Canada 337 165 ndash924 1330 ndash234 333 ndash253 6854 21 Asia 4279 73 1015 1646 1545 2124 ndash81 29617 22 Other ndash955 ndash247 ndash157 998 ndash1549 179 7 11015

See the footnotes on pages 92ndash93

82 US International Transactions October 2012

Table 10 Claims on Foreigners Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets Debits ndash increase in US assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Claims reported by US banks and securities brokers total (table 1 line 54) 213627 ndash86699 199487 14428 86411 218379 266660 3790278 2 Claims for own accounts 79139 ndash80502 193661 ndash60657 26637 129026 245655 3138242

3 Denominated in dollars

By instrument 2

82005 ndash85047 147209 ndash56032 75875 97684 287514 2772501

4 Resale agreements ndash72065 1537 ndash57055 ndash467 ndash16080 ndash8133 ndash4532 820679 5 Negotiable certificates of deposit ndash394 ndash796 ndash365 144 623 1173 ndash423 1229 6 Other short-term instruments (including money market instruments) 2128 2100 ndash2842 3166 ndash296 1309 990 8599 7 Deposits and brokerage balances 205019 ndash42537 249725 ndash57541 55372 116881 277188 923381 8 Other claims (including loans) ndash52683 ndash45351 ndash42254 ndash1334 36256 ndash13546 14291 1018613

By foreign borrower Claims on

9 Foreign banks 193237 ndash7372 191849 ndash39046 47806 112149 289830 1905728 10 Foreign nonbanks excluding foreign official institutions ndash132368 ndash72928 ndash57258 ndash20476 18294 ndash8815 ndash1540 824471 11 Foreign official institutions 3 21136 ndash4747 12618 3490 9775 ndash5650 ndash776 42302

By type of US reporting institution 4

US-owned banksrsquo claims on 12 Foreign banks ndash26007 ndash34281 160370 ndash208317 56221 108022 201393 641538 13 Foreign nonbanks and foreign official institutions

Foreign-owned banksrsquo claims on

ndash22376 ndash35403 ndash5971 ndash8427 27425 ndash6468 3158 207067

14 Foreign banks 204556 10975 51564 140958 1059 24173 67658 919137 15 Foreign nonbanks and foreign official institutions

Brokersrsquo and dealersrsquo claims on

ndash36217 ndash7345 ndash1226 ndash17917 ndash9729 3362 ndash2164 164645

16 Foreign banks 14688 15934 ndash20085 28313 ndash9474 ndash20046 20779 345053 17 Foreign nonbanks and foreign official institutions ndash52639 ndash34927 ndash37443 9358 10373 ndash11359 ndash3310 495061

18 Denominated in foreign currencies

By instrument 2

ndash2866 4545 46452 ndash4625 ndash49238 31342 ndash41859 365741

19 Deposits and brokerage balances 850 2137 ndash4381 11739 ndash8645 8331 ndash8252 139757 20 Other claims (including loans) ndash3716 2408 50833 ndash16364 ndash40593 23011 ndash33607 225984

21 Claims for customersrsquo accounts 134488 ndash6197 5826 75085 59774 89353 21005 652036

22 Denominated in dollars

By instrument 2

160127 ndash7359 34448 75693 57345 64217 33155 595086

23 Commercial paper 5 21984 ndash17448 ndash376 21858 17950 ndash27469 ndash322 205548 24 Negotiable certificates of deposit 31874 ndash31790 20270 33335 10059 5573 9087 94185 25 Other short-term instruments (including money market instruments) 6 31085 6757 3250 22357 ndash1279 5193 7326 34720 26 Deposits and brokerage balances (including sweep accounts) 7 41878 38479 ndash3119 ndash15841 22359 85356 11514 249079 27 Other claims 33306 ndash3357 14423 13984 8256 ndash4436 5550 11554

28 Denominated in foreign currencies

By instrument 2

ndash25639 1162 ndash28622 ndash608 2429 25136 ndash12150 56950

29 Deposits and brokerage balances ndash6354 ndash5513 1693 ndash2290 ndash244 352 ndash145 9357 30 Other claims

Claims total (line 1) by area ndash19285 6675 ndash30315 1682 2673 24784 ndash12005 47593

31 Europe Of which

208566 ndash72953 75471 130814 75234 78905 79616 1603053

32 United Kingdom 58711 ndash12618 86178 22639 ndash37488 65676 56791 1149588 33 Switzerland ndash16730 ndash5312 2673 ndash34558 20467 16882 8627 48056 34 Canada ndash33907 ndash2392 ndash11320 ndash4263 ndash15932 10934 ndash2453 232738 35 Caribbean financial centers 8 183568 9104 186027 ndash77493 65930 105913 250415 1063919 36 Latin America excluding Caribbean financial centers ndash35916 ndash12756 ndash9699 ndash8597 ndash4864 ndash2669 ndash7672 183259 37 Asia ndash106570 ndash15542 ndash30669 ndash28901 ndash31458 21014 ndash57419 585157 38 Of which Japan ndash65274 9113 ndash16606 ndash11761 ndash46020 18140 ndash39995 388413 39 Africa 7646 5261 ndash1258 3436 207 ndash862 ndash245 9936 40 Other

Memoranda ndash9760 2579 ndash9065 ndash568 ndash2706 5144 4418 112216

1 International banking facilitiesrsquo (IBFs) own claims denominated in dollars (in lines 1ndash15 above)

By bank ownership 4

24091 ndash48609 41746 14202 16752 50407 170340 371523

2 US-owned IBFs ndash85794 ndash34825 30080 ndash96927 15878 51614 154352 82701 3 Foreign-owned IBFs 109885 ndash13784 11666 111129 874 ndash1207 15988 288822

See the footnotes on pages 92ndash93

83 October 2012 SURVEY OF CURRENT BUSINESS

Table 11 Liabilities to Foreigners Except Foreign Official Agencies Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + increase in US liabilities Debits ndash decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Liabilities reported by US banks and securities brokers total (table 1 part of line 65 and table 1 line 69) 350572 359196 ndash119563 112359 ndash1420 ndash134773 ndash211576 3953351 2 US Treasury bills and certificates (table 1 part of line 65) 41395 ndash781 ndash18208 19539 40845 ndash12667 ndash13807 262048 3 Other US liabilities total (table 1 line 69) 309177 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 3691303 4 Liabilities for own accounts 322677 336432 ndash108170 109703 ndash15288 ndash115632 ndash204720 3296249

5 Denominated in dollars

By instrument 2

252322 321455 ndash116320 75835 ndash28648 ndash103814 ndash211745 3048846

6 Repurchase agreements 82756 49603 38007 ndash63515 58661 ndash26962 ndash30751 575252 7 Deposits and brokerage balances 291767 182610 ndash8772 170062 ndash52133 ndash129288 ndash173973 1758133 8 Other liabilities (including loans) ndash122201 89242 ndash145555 ndash30712 ndash35176 52436 ndash7021 715461

By foreign holder Liabilities to

9 Foreign banks 145927 231244 ndash95034 38698 ndash28981 ndash121913 ndash236484 2101206 10 Foreign nonbanks including international organizations 106395 90211 ndash21286 37137 333 18099 24739 947640

By type of US reporting institution 3

US-owned banksrsquo liabilities to 11 Foreign banks ndash89314 22804 ndash113690 91718 ndash90146 ndash31480 ndash187790 699485 12 Foreign nonbanks including international organizations

Foreign-owned banksrsquo liabilities to

12190 39228 ndash55619 31388 ndash2807 2884 14681 275031

13 Foreign banks 249073 199309 3112 5724 40928 ndash80709 ndash18833 1114138 14 Foreign nonbanks including international organizations

Brokersrsquo and dealersrsquo liabilities to

27538 9964 4519 8075 4980 3443 18519 127991

15 Foreign banks ndash13832 9131 15544 ndash58744 20237 ndash9724 ndash29861 287583 16 Foreign nonbanks including international organizations 66667 41019 29814 ndash2326 ndash1840 11772 ndash8461 544618

17 Denominated in foreign currencies

By instrument 2

70355 14977 8150 33868 13360 ndash11818 7025 247403

18 Deposits and brokerage balances 55144 8721 15984 14646 15793 ndash8203 6658 141900 19 Other liabilities (including loans) 15211 6256 ndash7834 19222 ndash2433 ndash3615 367 105503

20 Liabilities for customersrsquo accounts ndash13500 23545 6815 ndash16883 ndash26977 ndash6474 6951 395054

21 Denominated in dollars

By instrument 2

ndash13252 23064 5318 ndash16237 ndash25397 ndash7769 5901 386528

22 Negotiable certificates of deposit and other short-term instruments ndash7433 22753 4196 ndash15970 ndash18412 ndash5329 ndash6308 165388 23 Other liabilities (including loans) ndash5819 311 1122 ndash267 ndash6985 ndash2440 12209 221140

24 Denominated in foreign currencies

Other US liabilities total (line 3) by area ndash248 481 1497 ndash646 ndash1580 1295 1050 8526

25 Europe 305282 217563 ndash35879 119913 3685 ndash91531 ndash187721 1383322 26 Canada 24333 17929 9687 1073 ndash4356 ndash8587 4456 124427 27 Caribbean financial centers 4 ndash151275 81576 ndash79079 ndash50683 ndash103089 ndash26350 ndash67947 1572294 28 Latin America excluding Caribbean financial centers 24535 8397 ndash7687 15971 7854 3925 6032 162565 29 Asia 94363 31832 2843 9503 50185 ndash6164 52339 375985 30 Africa 2661 1937 491 ndash100 333 3694 ndash2555 16223 31 Other

Memoranda 9278 743 8269 ndash2857 3123 2907 ndash2373 56487

1 International banking facilitiesrsquo (IBFs) own liabilities denominated in dollars (in lines 3ndash14 above)

By bank ownership 3

184561 108875 ndash19007 60508 34185 ndash124264 ndash130931 489487

2 US-owned IBFs 92706 44834 ndash28656 91716 ndash15188 ndash50229 ndash151008 190848 3 Foreign-owned IBFs 91855 64041 9649 ndash31208 49373 ndash74035 20077 298639

See the footnotes on pages 92ndash93

84 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Europe European Union Euro area Belgium

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 882904 222838 228338 733902 183858 189669 508065 125508 130631 40123 10439 11072 2 Exports of goods and services 562808 142184 145462 463195 115181 119188 319865 78336 82327 35023 8871 9052 3 Goods balance of payments basis 2 335393 87682 86577 273167 69730 69669 198248 49682 51380 29919 7556 7618 4 Services 3 227416 54501 58885 190028 45451 49519 121617 28655 30948 5104 1315 1434 5 Transfers under US military agency sales contracts 4 1943 417 391 995 210 178 598 119 96 29 2 3 6 Travel 32633 6263 9593 29088 5513 8552 17175 3185 4834 603 127 177 7 Passenger fares 10675 2298 3024 9443 2035 2698 5800 1150 1506 319 64 105 8 Other transportation 16572 4320 4269 14201 3730 3680 7701 2081 2055 438 111 107 9 Royalties and license fees 5 60025 14470 15043 48907 11971 12444 38708 9232 9585 977 262 272

10 Other private services 5 105274 26650 26466 87163 21923 21884 51474 12839 12812 2732 748 769 11 US government miscellaneous services 293 84 98 232 70 83 162 48 59 5 1 1 12 Income receipts 320096 80654 82876 270707 68677 70480 188200 47171 48304 5101 1567 2020 13 Income receipts on US-owned assets abroad 319565 80518 82737 270308 68575 70376 188006 47122 48255 5088 1564 2017 14 Direct investment receipts 212760 53530 55016 176970 44950 46211 140321 34908 36033 2983 747 1002 15 Other private receipts 106211 26706 27566 92795 23366 24023 47165 11689 12080 2105 817 1015 16 US government receipts 593 281 155 543 259 142 520 525 142 0 0 0 17 Compensation of employees 531 136 139 399 102 105 193 49 50 13 3 3 18 Imports of goods and services and income payments ndash886301 ndash218185 ndash229292 ndash738439 ndash181908 ndash190151 ndash517326 ndash126121 ndash133955 ndash44102 ndash10328 ndash11211 19 Imports of goods and services ndash631581 ndash153112 ndash165058 ndash522958 ndash126987 ndash137579 ndash381691 ndash92267 ndash99608 ndash23193 ndash5278 ndash6032 20 Goods balance of payments basis 2 ndash453605 ndash112101 ndash115955 ndash373313 ndash93508 ndash96841 ndash289108 ndash71916 ndash74651 ndash17735 ndash4052 ndash4720 21 Services 3 ndash177976 ndash41011 ndash49103 ndash149645 ndash33479 ndash40738 ndash92583 ndash20351 ndash24957 ndash5458 ndash1226 ndash1311 22 Direct defense expenditures ndash12496 ndash2856 ndash2897 ndash11462 ndash2582 ndash2626 ndash10297 ndash2290 ndash2333 ndash473 ndash79 ndash80 23 Travel ndash23012 ndash3892 ndash8495 ndash20494 ndash3469 ndash7587 ndash14552 ndash2465 ndash5337 ndash205 ndash40 ndash70 24 Passenger fares ndash13203 ndash2740 ndash4470 ndash12161 ndash2503 ndash4065 ndash7402 ndash1475 ndash2615 ndash99 ndash25 ndash22 25 Other transportation ndash22795 ndash5518 ndash5824 ndash18454 ndash4413 ndash4650 ndash11148 ndash2633 ndash2706 ndash636 ndash148 ndash147 26 Royalties and license fees 5 ndash23925 ndash6038 ndash6091 ndash18557 ndash4630 ndash4673 ndash13368 ndash3272 ndash3313 ndash776 ndash179 ndash184 27 Other private services 5 ndash80399 ndash19482 ndash20828 ndash67141 ndash15543 ndash16796 ndash34642 ndash7929 ndash8362 ndash3213 ndash741 ndash794 28 US government miscellaneous services ndash2146 ndash485 ndash498 ndash1376 ndash339 ndash342 ndash1174 ndash287 ndash291 ndash56 ndash14 ndash14 29 Income payments ndash254720 ndash65074 ndash64234 ndash215481 ndash54922 ndash52572 ndash135635 ndash33853 ndash34347 ndash20909 ndash5051 ndash5179 30 Income payments on foreign-owned assets in the United States ndash253809 ndash64831 ndash64016 ndash214897 ndash54768 ndash52433 ndash135425 ndash33791 ndash34299 ndash20896 ndash5047 ndash5176 31 Direct investment payments ndash112027 ndash28796 ndash27685 ndash95340 ndash24515 ndash22053 ndash62200 ndash15224 ndash15505 ndash3964 ndash951 ndash1129 32 Other private payments ndash116743 ndash29663 ndash29995 ndash103334 ndash26088 ndash26296 ndash62575 ndash15914 ndash16220 ndash14898 ndash3582 ndash3556 33 US government payments ndash25039 ndash6372 ndash6336 ndash16223 ndash4165 ndash4084 ndash10650 ndash2653 ndash2574 ndash2034 ndash514 ndash491 34 Compensation of employees ndash912 ndash243 ndash218 ndash584 ndash153 ndash139 ndash210 ndash62 ndash48 ndash13 ndash3 ndash3 35 Unilateral current transfers net ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 36 US government grants 4 ndash2165 ndash638 ndash652 ndash218 ndash70 ndash33 ndash90 ndash11 ndash8 ndash2 () 0 37 US government pensions and other transfers ndash2074 ndash525 ndash539 ndash1930 ndash489 ndash502 ndash1440 ndash353 ndash362 ndash26 ndash7 ndash7 38 Private remittances and other transfers 6

Capital account ndash5812 ndash1804 ndash1529 ndash383 77 121 414 188 250 ndash94 ndash24 8

39 Capital account transactions net Financial account

ndash4 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash241698 52106 42437 ndash253858 37642 30580 ndash150180 14949 ndash21545 ndash36537 ndash17874 ndash16064

41 US official reserve assets ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 46 US government assets other than official reserve assets ndash86510 52774 4942 ndash86035 52354 4946 ndash85635 52427 4946 ndash2 2 () 47 US credits and other long-term assets ndash866 ndash127 ndash155 ndash715 ndash118 ndash107 ndash314 ndash42 ndash107 0 0 0 48 Repayments on US credits and other long-term assets 8 195 64 50 68 32 6 63 31 6 0 0 0 49 US foreign currency holdings and US short-term assets ndash85839 52838 5047 ndash85388 52440 5047 ndash85384 52438 5047 ndash2 2 () 50 US private assets ndash154705 ndash538 37580 ndash167383 ndash14591 25717 ndash64106 ndash37359 ndash26407 ndash36535 ndash17876 ndash16064 51 Direct investment ndash224295 ndash69579 ndash35261 ndash202758 ndash57151 ndash31661 ndash157387 ndash34853 ndash28505 ndash4667 ndash1840 1313 52 Foreign securities ndash82183 30368 ndash21462 ndash120594 17562 ndash25008 ndash34753 ndash4765 ndash1104 ndash42459 ndash17795 ndash16507 53 US claims on unaffiliated foreigners reported by US nonbanking concerns ndash56793 ndash40232 14687 ndash55772 ndash41123 14668 ndash25209 387 1758 140 ndash14 92 54 US claims reported by US banks and securities brokers 14 208566 78905 79616 211741 66121 67718 153243 1872 1444 10451 1773 ndash962 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 514084 ndash66118 ndash155957 419161 ndash67792 ndash189935 214137 ndash54016 3657 16896 ndash2772 ndash9818 56 Foreign official assets in the United States 38811 10712 33045 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash556 ndash107 ndash300 85 95 72 ndash127 33 ndash46 ndash28 1 2 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 475273 ndash76830 ndash189002 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 132568 10462 21024 106925 15005 14064 58524 5630 7253 10297 3087 1081 65 US Treasury securities 185225 ndash1701 16444 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities ndash151240 ndash11486 ndash37684 ndash143872 ndash12253 ndash37960 ndash88640 ndash4968 ndash9642 ndash23025 ndash4708 ndash7084 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns 3438 17426 ndash1065 3606 16820 ndash1001 ndash6433 1379 ndash4954 ndash73 4 ndash7 69 US liabilities reported by US banks and securities brokers 15 305282 ndash91531 ndash187721 18 452417 18 ndash87459 18 ndash165110 18 250813 18 ndash56090 18 11046 18 29725 18 ndash1156 18 ndash3810 70 Financial derivatives net 21234 ndash8391 ndash2314 22900 ndash10639 ndash1370 ndash4656 ndash4112 1082 ndash81 ndash62 81 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash280169 20717 20 119508 ndash181136 39322 20 161622 ndash48923 43968 20 20250 23823 20630 20 25939

72 Balance on goods (lines 3 and 20) ndash118212 ndash24419 ndash29378 ndash100146 ndash23778 ndash27171 ndash90860 ndash22234 ndash23271 12184 3505 2898 73 Balance on services (lines 4 and 21) 49440 13491 9782 40383 11973 8780 29034 8303 5991 ndash355 89 123 74 Balance on goods and services (lines 2 and 19) ndash68773 ndash10928 ndash19596 ndash59763 ndash11806 ndash18391 ndash61826 ndash13931 ndash17281 11830 3593 3020 75 Balance on income (lines 12 and 29) 65376 15580 18643 55226 13755 17909 52565 13318 13957 ndash15808 ndash3483 ndash3159 76 Unilateral current transfers net (line 35) ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash13448 1685 ndash3674 ndash7068 1467 ndash896 ndash10377 ndash789 ndash3444 ndash4101 78 ndash138

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 85

Transactions by AreamdashContinues of dollars]

France Germany Italy Netherlands United Kingdom Europe excluding European Union

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

61663 15202 16336 90192 21702 22244 28617 6977 7084 121076 29483 31146 181769 47281 47386 149002 38980 38670 1 46368 11727 12776 75348 18559 19553 25625 6398 6546 57427 13224 14059 110006 28351 28366 99613 27003 26274 2 28490 7660 8321 49626 12645 12798 16246 4335 4331 42632 9959 10548 57036 15502 13936 62226 17953 16908 3 17878 4067 4454 25722 5914 6755 9379 2064 2215 14795 3265 3511 52970 12849 14431 37388 9050 9366 4

41 22 7 130 20 32 92 19 13 117 17 18 202 38 35 948 206 213 5 3819 656 987 4905 893 1554 2606 493 619 1448 273 418 8968 1701 2793 3545 750 1041 6 1161 261 310 1433 320 446 1074 194 239 633 137 171 3006 662 931 1232 263 326 7 1460 363 380 2934 729 757 613 158 151 952 225 227 3893 960 984 2371 590 589 8 3479 788 823 6895 1673 1741 1805 414 432 4943 942 978 7436 2123 2217 11119 2499 2599 9 7873 1969 1926 9353 2260 2208 3177 782 757 6692 1667 1696 29417 7349 7452 18111 4727 4583 10

45 8 21 71 19 17 13 3 3 10 4 2 48 16 19 61 15 15 11 15296 3476 3560 14844 3143 2691 2992 578 539 63649 16259 17087 71763 18930 19020 49389 11977 12396 12 15257 3466 3550 14766 3122 2669 2972 573 534 63632 16255 17083 71654 18902 18991 49256 11943 12361 13

4225 926 967 5292 1074 717 1221 273 255 55195 14206 15057 31798 8693 8601 35791 8581 8805 14 11032 2540 2583 8988 1930 1869 1751 300 279 8437 2049 2026 39837 10203 10385 13416 3340 3543 15

0 0 0 486 118 83 0 0 0 0 0 0 19 6 5 50 22 13 16 38 10 10 79 21 22 19 5 5 16 4 4 109 28 29 133 34 35 17

ndash74033 ndash19001 ndash20102 ndash155703 ndash38660 ndash39651 ndash45323 ndash10671 ndash12965 ndash57146 ndash13220 ndash14298 ndash166635 ndash42860 ndash41605 ndash147863 ndash36277 ndash39141 18 ndash56894 ndash13914 ndash14912 ndash130251 ndash33034 ndash34657 ndash42871 ndash9906 ndash12352 ndash32792 ndash8014 ndash8316 ndash97547 ndash24160 ndash25889 ndash108623 ndash26125 ndash27479 19 ndash40676 ndash10437 ndash10392 ndash99425 ndash25847 ndash26352 ndash34327 ndash8372 ndash9814 ndash24044 ndash6021 ndash6046 ndash51878 ndash13629 ndash13684 ndash80292 ndash18593 ndash19114 20 ndash16219 ndash3477 ndash4519 ndash30826 ndash7187 ndash8305 ndash8543 ndash1534 ndash2539 ndash8748 ndash1993 ndash2270 ndash45669 ndash10531 ndash12205 ndash28331 ndash7532 ndash8365 21

ndash117 ndash12 ndash15 ndash7432 ndash1694 ndash1700 ndash1424 ndash316 ndash350 ndash149 ndash24 ndash28 ndash1107 ndash280 ndash268 ndash1034 ndash274 ndash271 22 ndash2547 ndash379 ndash1107 ndash2745 ndash637 ndash1016 ndash3382 ndash384 ndash1238 ndash1143 ndash226 ndash403 ndash4559 ndash834 ndash1726 ndash2518 ndash423 ndash908 23 ndash1679 ndash343 ndash586 ndash2919 ndash561 ndash1155 ndash528 ndash116 ndash157 ndash723 ndash164 ndash221 ndash4132 ndash928 ndash1250 ndash1042 ndash237 ndash405 24 ndash2093 ndash475 ndash485 ndash3909 ndash956 ndash984 ndash854 ndash198 ndash222 ndash1181 ndash279 ndash282 ndash3331 ndash760 ndash832 ndash4341 ndash1105 ndash1174 25 ndash4214 ndash1065 ndash1064 ndash3721 ndash837 ndash844 ndash94 ndash27 ndash27 ndash749 ndash208 ndash209 ndash3318 ndash915 ndash917 ndash5369 ndash1409 ndash1418 26 ndash5242 ndash1124 ndash1182 ndash9634 ndash2384 ndash2489 ndash2147 ndash464 ndash515 ndash4736 ndash1076 ndash1112 ndash29107 ndash6790 ndash7187 ndash13257 ndash3939 ndash4033 27

ndash327 ndash79 ndash81 ndash466 ndash117 ndash117 ndash115 ndash28 ndash29 ndash68 ndash16 ndash15 ndash115 ndash24 ndash25 ndash770 ndash146 ndash156 28 ndash17139 ndash5087 ndash5190 ndash25452 ndash5626 ndash4994 ndash2452 ndash765 ndash612 ndash24354 ndash5206 ndash5982 ndash69089 ndash18700 ndash15716 ndash39239 ndash10152 ndash11662 29 ndash17096 ndash5074 ndash5181 ndash25406 ndash5612 ndash4984 ndash2426 ndash758 ndash606 ndash24343 ndash5203 ndash5980 ndash68851 ndash18643 ndash15657 ndash38911 ndash10063 ndash11583 30 ndash10891 ndash3379 ndash3368 ndash18006 ndash3685 ndash3072 ndash1485 ndash522 ndash370 ndash17742 ndash3493 ndash4212 ndash27507 ndash8199 ndash5307 ndash16686 ndash4281 ndash5632 31 ndash5309 ndash1297 ndash1323 ndash5984 ndash1585 ndash1560 ndash493 ndash129 ndash129 ndash5796 ndash1525 ndash1591 ndash37618 ndash9378 ndash9256 ndash13409 ndash3575 ndash3699 32

ndash896 ndash398 ndash490 ndash1416 ndash342 ndash352 ndash448 ndash107 ndash107 ndash805 ndash185 ndash177 ndash3726 ndash1066 ndash1094 ndash8816 ndash2207 ndash2252 33 ndash43 ndash13 ndash9 ndash46 ndash14 ndash10 ndash26 ndash8 ndash6 ndash10 ndash3 ndash2 ndash237 ndash57 ndash59 ndash328 ndash89 ndash79 34

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 35 ndash1 () 0 0 0 0 ndash1 () 0 0 0 0 () () 0 ndash1947 ndash568 ndash619 36

ndash122 ndash30 ndash31 ndash486 ndash123 ndash126 ndash253 ndash64 ndash66 ndash37 ndash9 ndash9 ndash314 ndash78 ndash80 ndash144 ndash36 ndash37 37 ndash23 ndash41 78 2390 738 698 ndash319 ndash50 ndash80 ndash95 2 ndash14 ndash368 ndash5 ndash59 ndash5429 ndash1881 ndash1650 38

0 0 na 0 0 na 0 0 na 0 0 na 0 0 na ndash4 0 na 39

89075 1335 12642 28088 7322 18845 39988 2727 3477 ndash58127 ndash156 ndash9152 ndash104634 25425 35368 12160 14464 11857 40 ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 0 0 0 0 0 0 0 0 0 ndash44 ndash10 ndash2 41

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 44

ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 ndash44 ndash10 ndash2 45 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash312 ndash70 ndash2 ndash475 421 ndash4 46 0 0 0 0 0 0 0 0 0 0 0 0 ndash310 ndash71 0 ndash151 ndash9 ndash48 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 32 44 48 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash2 1 ndash2 ndash451 398 0 49

89331 1397 12702 28241 7370 18866 39988 2727 3476 ndash58127 ndash156 ndash9152 ndash104322 25495 35370 12679 14053 11863 50 ndash77 ndash1859 ndash873 ndash8347 378 1241 ndash450 ndash769 ndash99 ndash55685 ndash9841 ndash15241 ndash36799 ndash20756 ndash3127 ndash21536 ndash12428 ndash3600 51

ndash679 5731 11232 42656 15165 21425 16734 3639 2290 6130 5329 5955 ndash83257 24339 ndash28376 38411 12806 3546 52 1013 ndash164 ndash732 ndash34478 634 1147 590 ndash254 ndash3 1542 780 ndash212 ndash42977 ndash43764 10082 ndash1021 891 19 53

89074 ndash2311 3075 28410 ndash8807 ndash4947 23114 111 1288 ndash10114 3576 346 58711 65676 56791 ndash3175 12784 11898 54

104407 ndash20790 30433 26049 897 ndash11628 14088 ndash378 ndash140 ndash2236 2128 ndash2409 200053 ndash17666 ndash185134 94923 1675 33978 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 39 6 52 ndash55 21 ndash13 ndash27 11 6 ndash57 1 ndash42 166 ndash2 111 ndash641 ndash202 ndash372 60

( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

4281 2557 5606 13912 ndash1683 948 3266 913 ndash187 795 ndash5475 ndash1814 46799 7120 6326 25643 ndash4542 6960 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash27220 5065 ndash4296 ndash2229 ndash3035 ndash4577 1337 ndash854 ndash936 ndash5642 2507 ndash2730 ndash48252 ndash6596 ndash27612 ndash7368 767 276 66 na na na na na na na na na na na na na na na na na na 67 ndash61 ndash150 ndash249 ndash6635 ndash1808 ndash4149 329 ndash309 135 43 4155 ndash313 10217 15559 4082

18 ndash ndash168 606 ndash64 68

18 127368 18 ndash28268 18 29320 18 21056 18 7402 18 ndash3837 18 9183 18 ndash139 18 842 18 2625 18 940 18 2490 18 191123 18 ndash33747 168041 18 77457 18 5046 18 27178 69 ndash11890 2019 ndash350 2764 1751 202 ndash1988 300 ndash102 1824 ndash182 ndash404 28499 ndash5753 ndash2261 ndash1666 2248 ndash944 70

ndash169076 21305 20 ndash39006 6706 6373 20 9416 ndash34809 1160 20 2792 ndash5259 ndash18046 20 ndash4859 ndash138370 ndash6343 20 146385 ndash99033 ndash18605 20 ndash42114 71

ndash12186 ndash2777 ndash2071 ndash49799 ndash13202 ndash13555 ndash18081 ndash4038 ndash5483 18588 3938 4502 5158 1873 252 ndash18066 ndash640 ndash2207 72 1659 591 ndash65 ndash5104 ndash1273 ndash1549 836 530 ndash324 6047 1272 1241 7301 2318 2225 9056 1518 1002 73

ndash10526 ndash2187 ndash2136 ndash54903 ndash14475 ndash15104 ndash17245 ndash3508 ndash5807 24635 5210 5743 12459 4191 2478 ndash9010 878 ndash1205 74 ndash1844 ndash1611 ndash1630 ndash10607 ndash2483 ndash2303 539 ndash187 ndash74 39295 11054 11105 2675 229 3304 10150 1825 734 75

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 76 ndash12515 ndash3869 ndash3719 ndash63607 ndash16344 ndash16834 ndash17279 ndash3809 ndash6027 63797 16256 16825 14452 4337 5642 ndash6380 218 ndash2777 77

86 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Canada Latin America and Other Western Hemisphere South and Central America Argentina

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 402931 101673 106359 633079 159255 165534 477157 124087 127717 18161 4244 4965 2 Exports of goods and services 338553 86742 91416 484383 124423 128735 426245 110587 114618 15694 3565 4442 3 Goods balance of payments basis 2 282277 71983 76472 368416 96426 100092 345332 90787 94129 9927 2111 3044 4 Services 3 56277 14759 14944 115968 27997 28643 80914 19800 20489 5767 1454 1398 5 Transfers under US military agency sales contracts 4 157 23 33 567 151 146 446 119 114 2 1 1 6 Travel 19366 5696 5990 27076 6044 6854 24510 5518 6358 1891 482 450 7 Passenger fares 4598 1187 1060 10838 2708 2823 9887 2508 2582 896 251 222 8 Other transportation 3161 761 869 6007 1387 1417 4854 1087 1118 176 30 37 9 Royalties and license fees 5 9589 2159 2264 14319 3461 3611 9838 2394 2507 837 162 169

10 Other private services 5 19362 4910 4715 56968 14199 13744 31222 8135 7771 1953 525 516 11 US government miscellaneous services 44 23 13 192 47 48 157 38 39 11 3 3 12 Income receipts 64378 14930 14943 148695 34832 36799 50912 13500 13098 2467 679 523 13 Income receipts on US-owned assets abroad 64177 14878 14892 148526 34789 36755 50798 13471 13069 2461 677 521 14 Direct investment receipts 40729 8691 8488 99603 21968 23462 35878 9229 8231 1870 525 368 15 Other private receipts 23446 6187 6404 48676 12697 13202 14715 4126 4752 586 150 152 16 US government receipts 2 () 1 247 123 90 206 116 86 5 2 () 17 Compensation of employees 201 52 51 169 44 44 113 29 30 6 2 2 18 Imports of goods and services and income payments ndash373703 ndash97270 ndash97128 ndash599466 ndash155846 ndash157019 ndash484627 ndash127567 ndash129141 ndash6561 ndash1690 ndash1554 19 Imports of goods and services ndash349007 ndash89991 ndash91472 ndash529285 ndash137234 ndash137872 ndash461535 ndash121388 ndash122539 ndash6284 ndash1621 ndash1478 20 Goods balance of payments basis 2 ndash320538 ndash83734 ndash84094 ndash442901 ndash115705 ndash116132 ndash423127 ndash110971 ndash111886 ndash4582 ndash1109 ndash1050 21 Services 3 ndash28469 ndash6257 ndash7378 ndash86384 ndash21529 ndash21740 ndash38407 ndash10417 ndash10652 ndash1702 ndash512 ndash429 22 Direct defense expenditures ndash211 ndash49 ndash50 ndash286 ndash62 ndash75 ndash259 ndash56 ndash68 ndash5 ndash1 ndash1 23 Travel ndash7064 ndash980 ndash1859 ndash24261 ndash6900 ndash6982 ndash18275 ndash5243 ndash5402 ndash575 ndash222 ndash136 24 Passenger fares ndash593 ndash150 ndash160 ndash3500 ndash1041 ndash966 ndash2851 ndash869 ndash812 ndash72 ndash26 ndash14 25 Other transportation ndash4790 ndash1153 ndash1257 ndash5531 ndash1379 ndash1300 (D) (D) ndash825 ndash138 ndash39 ndash40 26 Royalties and license fees 5 ndash981 ndash237 ndash239 ndash2745 ndash756 ndash779 (D) (D) ndash588 ndash177 ndash53 ndash55 27 Other private services 5 ndash14600 ndash3629 ndash3755 ndash49411 ndash11235 ndash11474 ndash10874 ndash2652 ndash2817 ndash721 ndash168 ndash179 28 US government miscellaneous services ndash231 ndash58 ndash58 ndash650 ndash156 ndash165 ndash557 ndash133 ndash141 ndash14 ndash3 ndash4 29 Income payments ndash24696 ndash7279 ndash5656 ndash70181 ndash18611 ndash19147 ndash23093 ndash6179 ndash6602 ndash277 ndash69 ndash76 30 Income payments on foreign-owned assets in the United States ndash24089 ndash7122 ndash5506 ndash60296 ndash16523 ndash16724 ndash13794 ndash4213 ndash4324 ndash238 ndash59 ndash66 31 Direct investment payments ndash11082 ndash3608 ndash1789 ndash4518 ndash1778 ndash1894 ndash2317 ndash1095 ndash1152 29 6 2 32 Other private payments ndash11807 ndash3187 ndash3340 ndash42380 ndash11224 ndash11314 ndash3333 ndash899 ndash906 ndash222 ndash54 ndash57 33 US government payments ndash1200 ndash327 ndash377 ndash13398 ndash3521 ndash3516 ndash8144 ndash2219 ndash2266 ndash45 ndash11 ndash11 34 Compensation of employees ndash607 ndash157 ndash150 ndash9885 ndash2088 ndash2423 ndash9299 ndash1966 ndash2278 ndash40 ndash9 ndash10 35 Unilateral current transfers net ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 36 US government grants 4 0 0 0 ndash2869 ndash623 ndash590 ndash2021 ndash453 ndash438 ndash9 () () 37 US government pensions and other transfers ndash724 ndash185 ndash190 ndash912 ndash223 ndash228 ndash759 ndash186 ndash190 ndash36 ndash9 ndash9 38 Private remittances and other transfers 6

Capital account ndash1436 ndash335 ndash294 ndash13823 ndash3193 ndash3730 ndash23209 ndash5826 ndash5730 ndash93 ndash71 ndash26

39 Capital account transactions net Financial account

0 0 na ndash3 ndash1 na ndash3 ndash1 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash111713 ndash4515 ndash15500 64877 58918 213803 ndash84031 ndash22815 ndash14665 ndash7017 ndash791 ndash527

41 US official reserve assets 0 0 0 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets 2 2 1 ndash889 ndash1132 106 ndash704 ndash1066 120 17 6 2 47 US credits and other long-term assets 0 0 0 ndash1684 ndash1178 ndash136 ndash1440 ndash1098 ndash101 ndash1 ndash2 0 48 Repayments on US credits and other long-term assets 8 4 1 1 780 51 236 715 41 211 16 8 1 49 US foreign currency holdings and US short-term assets ndash2 1 () 15 ndash5 6 21 ndash9 10 2 () 1 50 US private assets ndash111716 ndash4517 ndash15501 65767 60050 213697 ndash83327 ndash21748 ndash14785 ndash7034 ndash797 ndash528 51 Direct investment ndash40410 ndash8465 ndash6878 ndash84540 ndash19396 ndash22232 ndash29720 ndash8567 ndash7065 ndash2801 ndash603 ndash1038 52 Foreign securities ndash39029 ndash7264 ndash6644 ndash36906 ndash13879 1445 ndash19927 ndash9326 ndash850 ndash3262 416 573 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1630 278 474 39561 ndash9919 ndash8259 1841 ndash1264 1219 180 68 42 54 US claims reported by US banks and securities brokers 14 ndash33907 10934 ndash2453 147652 103244 242743 ndash35521 ndash2591 ndash8089 ndash1151 ndash678 ndash105 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 58606 5800 20632 30655 1570 ndash57873 86453 18702 31986 ndash1553 203 275 56 Foreign official assets in the United States 3872 ndash535 ndash695 49694 7983 24414 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash20 6 ndash7 194 133 ndash6 190 134 ndash8 6 ndash2 6 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 54734 6335 21327 ndash19039 ndash6413 ndash82287 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 18661 2236 2330 18373 1209 1865 7148 306 849 ndash171 ndash18 19 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 17289 ndash4464 5774 63628 9846 ndash13209 10861 2100 3157 ndash178 ndash157 254 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ndash36 ndash17 8 69 US liabilities reported by US banks and securities brokers 15 24333 ndash8587 4456 ndash126740 ndash22425 ndash61915 18 68254 18 16162 18 27988 18 ndash1174 18 397 18 ndash12 70 Financial derivatives net 3206 ndash130 3705 11754 6556 ndash262 4779 247 593 ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 22833 ndash5038 20 ndash17584 ndash123292 ndash66413 20 ndash159635 26262 13812 20 ndash10133 ndash2891 ndash1886 20 ndash3124

72 Balance on goods (lines 3 and 20) ndash38261 ndash11751 ndash7622 ndash74486 ndash19279 ndash16040 ndash77796 ndash20184 ndash17757 5345 1002 1995 73 Balance on services (lines 4 and 21) 27807 8502 7566 29584 6468 6903 42507 9383 9837 4065 942 969 74 Balance on goods and services (lines 2 and 19) ndash10454 ndash3249 ndash56 ndash44902 ndash12811 ndash9137 ndash35289 ndash10801 ndash7920 9410 1944 2964 75 Balance on income (lines 12 and 29) 39682 7652 9286 78514 16221 17652 27819 7321 6496 2190 610 447 76 Unilateral current transfers net (line 35) ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 27068 3883 8747 16009 ndash630 3967 ndash33459 ndash9945 ndash7782 11461 2474 3375

See the footnotes on pages 92ndash93

87 October 2012 SURVEY OF CURRENT BUSINESS

Transactions by AreamdashContinues of dollars]

Brazil Mexico Venezuela Other South and Central America Other Western Hemisphere

Line

2011 2012

2011 2012

2011 2012

2011 2012

2011 2012

I r II p I r II p I r II p I r II p I r II p

83472 20310 20670 239968 63848 64396 20390 5803 6446 115165 29880 31239 155922 35169 37817 1 64542 15449 16051 224007 59628 59955 17985 5055 5677 104018 26889 28493 58138 13836 14117 2 42821 10156 10674 198711 53214 53492 12338 3719 4286 81535 21586 22633 23084 5639 5963 3 21721 5293 5377 25296 6414 6463 5647 1336 1391 22483 5302 5860 35054 8197 8154 4

9 6 3 60 17 14 () () () 375 96 95 121 32 32 5 5878 1434 1466 6424 1478 1667 1993 354 426 8324 1770 2349 2566 526 496 6 2575 617 635 2825 836 799 946 168 182 2645 636 744 951 200 241 7 1132 257 270 1242 230 226 250 62 65 2054 508 520 1153 300 299 8 3743 844 885 2769 747 781 548 182 189 1940 459 482 4482 1067 1104 9 8374 2133 2115 11947 3099 2968 1908 569 528 7040 1808 1643 25746 6064 5973 10

9 2 2 29 7 8 2 () () 106 26 27 35 9 9 11 18931 4861 4620 15962 4220 4441 2405 748 770 11147 2992 2745 97784 21332 23701 12 18914 4857 4615 15929 4212 4433 2399 747 768 11095 2978 2732 97728 21318 23686 13 11594 2809 2187 11854 3060 3051 2053 651 676 8507 2183 1949 63725 12740 15231 14

7257 2045 2406 3973 1148 1330 346 96 92 2553 687 772 33961 8571 8450 15 63 3 22 102 4 52 0 0 0 35 108 11 42 7 5 16 17 4 4 32 8 8 6 2 2 52 13 13 56 14 15 17

ndash43642 ndash12067 ndash11774 ndash294643 ndash78202 ndash79993 ndash45115 ndash10761 ndash9369 ndash94665 ndash24845 ndash26450 ndash114839 ndash28279 ndash27879 18 ndash38519 ndash10676 ndash10244 ndash281307 ndash74583 ndash76170 ndash44215 ndash10603 ndash9218 ndash91209 ndash23905 ndash25429 ndash67751 ndash15846 ndash15333 19 ndash31549 ndash8821 ndash8261 ndash267345 ndash70579 ndash72443 ndash43391 ndash10389 ndash9011 ndash76260 ndash20073 ndash21123 ndash19774 ndash4734 ndash4246 20 ndash6970 ndash1855 ndash1984 ndash13962 ndash4004 ndash3727 ndash824 ndash215 ndash207 ndash14949 ndash3832 ndash4306 ndash47977 ndash11112 ndash11088 21

ndash15 ndash1 ndash4 ndash11 ndash3 ndash2 ndash2 0 0 ndash226 ndash51 ndash61 ndash27 ndash6 ndash7 22 ndash1065 ndash305 ndash372 ndash8616 ndash2657 ndash2375 ndash277 ndash71 ndash65 ndash7742 ndash1988 ndash2454 ndash5986 ndash1657 ndash1580 23

ndash327 ndash97 ndash98 ndash702 ndash240 ndash238 ndash64 ndash20 ndash17 ndash1686 ndash486 ndash445 ndash649 ndash172 ndash154 24 ndash541 (D) ndash141 ndash871 ndash184 ndash150 ndash221 (D) ndash58 (D) ndash464 ndash436 (D) (D) ndash475 25

ndash1065 (D) ndash325 ndash476 ndash124 ndash123 ndash104 (D) ndash33 (D) ndash51 ndash52 (D) (D) ndash191 26 ndash3931 ndash987 ndash1037 ndash3080 ndash746 ndash787 ndash148 ndash30 ndash32 ndash2993 ndash719 ndash782 ndash38537 ndash8583 ndash8656 27

ndash26 ndash6 ndash7 ndash206 ndash50 ndash52 ndash8 ndash2 ndash2 ndash304 ndash72 ndash76 ndash92 ndash23 ndash24 28 ndash5123 ndash1392 ndash1530 ndash13336 ndash3620 ndash3823 ndash900 ndash158 ndash152 ndash3456 ndash941 ndash1021 ndash47088 ndash12433 ndash12545 29 ndash5061 ndash1375 ndash1515 ndash4752 ndash1814 ndash1720 ndash878 ndash151 ndash147 ndash2865 ndash813 ndash876 ndash46503 ndash12310 ndash12400 30

5 (D) ndash195 ndash1785 ndash1002 ndash885 (D) (D) ndash40 (D) () ndash34 ndash2202 ndash683 ndash742 31 ndash205 ndash55 ndash57 ndash1231 ndash329 ndash319 ndash198 ndash59 ndash61 ndash1477 ndash402 ndash412 ndash39047 ndash10325 ndash10408 32

ndash4861 (D) ndash1263 ndash1736 ndash483 ndash516 (D) (D) ndash46 (D) ndash411 ndash430 ndash5254 ndash1302 ndash1250 33 ndash62 ndash16 ndash15 ndash8584 ndash1806 ndash2104 ndash22 ndash7 ndash5 ndash591 ndash128 ndash146 ndash586 ndash122 ndash145 34

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 35 ndash41 ndash9 ndash6 ndash495 ndash89 ndash92 ndash22 ndash1 ndash2 ndash1454 ndash354 ndash337 ndash848 ndash170 ndash152 36 ndash27 ndash7 ndash7 ndash382 ndash92 ndash94 ndash4 ndash1 ndash1 ndash310 ndash77 ndash79 ndash153 ndash37 ndash38 37

ndash364 ndash105 ndash80 ndash13756 ndash3426 ndash3424 ndash32 22 ndash3 ndash8964 ndash2246 ndash2196 9387 2633 2000 38

0 0 na 0 0 na 0 0 na ndash3 ndash1 na 0 0 na 39

ndash39462 ndash6335 ndash1387 ndash23906 ndash9076 ndash7132 ndash3155 ndash688 324 ndash10491 ndash5926 ndash5944 148908 81733 228468 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

45 90 6 72 ndash685 ndash20 84 0 0 0 ndash126 ndash1058 ndash37 ndash186 ndash65 ndash14 46

ndash90 ndash4 0 ndash820 ndash20 ndash4 0 0 0 ndash528 ndash1073 ndash97 ndash244 ndash80 ndash35 47 180 21 68 142 3 77 0 0 0 376 10 66 64 10 25 48

0 ndash11 4 ndash7 ndash3 11 0 0 0 26 5 ndash6 ndash6 4 ndash4 49 ndash39552 ndash6340 ndash1459 ndash23221 ndash9055 ndash7215 ndash3155 ndash688 324 ndash10365 ndash4868 ndash5907 149094 81798 228482 50 ndash9805 ndash2816 ndash1213 ndash8310 ndash2749 ndash2507 ndash2324 ndash182 ndash688 ndash6480 ndash2217 ndash1619 ndash54820 ndash10829 ndash15167 51 ndash2892 ndash4428 ndash415 ndash14634 ndash5488 ndash1566 ndash726 ndash43 792 1587 217 ndash234 ndash16979 ndash4553 2295 52

210 4 89 1183 ndash532 487 5 ndash261 253 263 ndash543 348 37720 ndash8655 ndash9478 53 ndash27065 900 80 ndash1460 ndash286 ndash3629 ndash110 ndash202 ndash33 ndash5735 ndash2325 ndash4402 183173 105835 250832 54

36759 9432 5839 18473 1844 20673 5572 ndash2710 ndash299 27201 9933 5498 ndash55797 ndash17132 ndash89859 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 123 41 ndash32 81 ndash1 7 0 0 0 ndash20 96 11 4 ndash1 2 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

3664 ndash131 269 2491 292 843 996 68 ndash206 167 95 ndash76 11226 903 1016 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 197 635 1248 8127 751 1201 841 299 232 1874 572 222 52767 7746 ndash16366 66 na na na na na na na na na na na na na na na 67 305 10 194 ndash210 ndash95 101 ndash278 190 36 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 68

18 32470 18 8877 18 4160 18 7984 18 897 18 18521 18 4013 18 ndash3267 18 ndash361 18 25180 18 9170 18 5341 18 ndash119794 18 ndash25780 18 ndash74511 69 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 4779 247 593 6975 6309 ndash855 70

ndash36695 ndash11219 20 ndash13255 74740 25193 20 5666 22366 8336 20 2904 ndash31258 ndash6612 20 ndash2323 ndash149554 ndash80225 20 ndash149503 71

11272 1335 2413 ndash68634 ndash17365 ndash18951 ndash31053 ndash6670 ndash4725 5275 1513 1511 3310 905 1717 72 14751 3438 3393 11334 2410 2736 4823 1122 1184 7534 1471 1554 ndash12923 ndash2915 ndash2934 73 26022 4773 5807 ndash57300 ndash14954 ndash16214 ndash26230 ndash5548 ndash3541 12809 2984 3064 ndash9613 ndash2010 ndash1217 74 13808 3470 3090 2626 600 617 1505 590 618 7691 2051 1724 50695 8900 11156 75

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 76 39398 8122 8803 ndash69307 ndash17961 ndash19207 ndash24784 ndash4938 ndash2929 9772 2358 2176 49468 9316 11749 77

88 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Asia and Pacific Australia China Hong Kong

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 712963 183175 182661 65972 17277 17407 144330 37377 34783 54341 13492 13744 2 Exports of goods and services 586414 151245 149694 43830 11284 11869 131994 34881 32272 43780 11197 11770 3 Goods balance of payments basis 2 418116 105377 107533 27463 7466 7666 105263 27268 26187 37687 9676 10285 4 Services 3 168298 45868 42162 16368 3818 4203 26731 7613 6085 6093 1521 1485 5 Transfers under US military agency sales contracts 4 10374 2616 2650 264 79 52 () () () () () () 6 Travel 31798 8098 8383 4252 890 1335 5689 1306 1316 444 114 134 7 Passenger fares 9344 2765 2338 711 223 163 2051 566 429 147 41 44 8 Other transportation 14522 3531 3694 481 112 113 2358 558 597 1743 406 400 9 Royalties and license fees 5 34696 9014 9477 3314 717 748 4114 1044 1092 621 145 151

10 Other private services 5 67074 19711 15500 7330 1794 1784 12490 4132 2644 3132 814 754 11 US government miscellaneous services 489 133 120 16 4 7 28 8 7 6 2 2 12 Income receipts 126549 31930 32967 22142 5993 5538 12336 2496 2511 10562 2296 1973 13 Income receipts on US-owned assets abroad 126123 31822 32858 22116 5987 5532 12270 2480 2495 10562 2296 1973 14 Direct investment receipts 80723 19759 19344 11637 3281 2764 9677 1736 1561 6559 1259 814 15 Other private receipts 44991 11929 13368 10468 2705 2768 2561 737 929 3994 1036 1155 16 US government receipts 408 134 146 11 1 0 32 7 5 9 () 4 17 Compensation of employees 427 109 109 26 7 7 65 16 17 0 0 0 18 Imports of goods and services and income payments ndash1067404 ndash266832 ndash280673 ndash24586 ndash6257 ndash6386 ndash456388 ndash107956 ndash117962 ndash19186 ndash4937 ndash5118 19 Imports of goods and services ndash926939 ndash231327 ndash245201 ndash16984 ndash4029 ndash4172 ndash412037 ndash97308 ndash107348 ndash11847 ndash3050 ndash3216 20 Goods balance of payments basis 2 ndash818921 ndash202330 ndash216305 ndash10437 ndash2307 ndash2539 ndash400642 ndash94271 ndash104182 ndash4891 ndash1280 ndash1411 21 Services 3 ndash108018 ndash28997 ndash28896 ndash6546 ndash1722 ndash1633 ndash11395 ndash3036 ndash3166 ndash6955 ndash1770 ndash1806 22 Direct defense expenditures ndash9816 ndash2645 ndash2625 ndash171 ndash46 ndash63 ndash12 ndash3 ndash3 ndash28 ndash3 ndash2 23 Travel ndash17883 ndash5045 ndash4871 ndash1597 ndash441 ndash418 ndash2691 ndash813 ndash854 ndash1115 ndash289 ndash344 24 Passenger fares ndash10817 ndash3499 ndash2982 ndash951 ndash309 ndash192 ndash614 ndash180 ndash198 ndash1392 ndash408 ndash369 25 Other transportation ndash19243 ndash4710 ndash4902 ndash278 ndash69 ndash70 ndash3081 ndash768 ndash763 ndash2061 ndash508 ndash510 26 Royalties and license fees 5 ndash8635 ndash2659 ndash2684 ndash492 ndash123 ndash123 ndash186 ndash51 ndash50 ndash66 ndash20 ndash20 27 Other private services 5 ndash40688 ndash10246 ndash10641 ndash2997 ndash719 ndash753 ndash4757 ndash1211 ndash1286 ndash2252 ndash532 ndash550 28 US government miscellaneous services ndash936 ndash193 ndash192 ndash60 ndash15 ndash14 ndash54 ndash10 ndash12 ndash41 ndash10 ndash11 29 Income payments ndash140465 ndash35505 ndash35471 ndash7603 ndash2228 ndash2214 ndash44351 ndash10649 ndash10614 ndash7340 ndash1887 ndash1902 30 Income payments on foreign-owned assets in the United States ndash138498 ndash34879 ndash35042 ndash7534 ndash2211 ndash2198 ndash43905 ndash10486 ndash10525 ndash7317 ndash1879 ndash1897 31 Direct investment payments ndash23368 ndash6008 ndash6014 ndash3864 ndash1247 ndash1211 ndash172 ndash50 ndash122 ndash240 ndash81 ndash101 32 Other private payments ndash27471 ndash7437 ndash7757 ndash3145 ndash814 ndash835 ndash3930 ndash1137 ndash1229 ndash1562 ndash436 ndash448 33 US government payments ndash87659 ndash21434 ndash21271 ndash525 ndash150 ndash152 ndash39803 ndash9299 ndash9174 ndash5515 ndash1362 ndash1348 34 Compensation of employees ndash1966 ndash626 ndash429 ndash69 ndash17 ndash17 ndash447 ndash163 ndash89 ndash23 ndash8 ndash4 35 Unilateral current transfers net ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 36 US government grants 4 ndash15849 ndash3413 ndash4491 0 0 0 ndash46 ndash5 ndash5 0 0 0 37 US government pensions and other transfers ndash1182 ndash309 ndash317 ndash108 ndash29 ndash30 ndash12 ndash3 ndash3 ndash16 ndash4 ndash4 38 Private remittances and other transfers 6

Capital account ndash23825 ndash6261 ndash4897 ndash1494 ndash143 ndash5 ndash2916 ndash964 ndash593 ndash468 ndash123 ndash94

39 Capital account transactions net Financial account

ndash133 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash163615 9670 ndash40015 ndash32996 ndash928 10070 ndash1342 ndash932 ndash1142 ndash13687 12961 ndash20268

41 US official reserve assets 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 933 ndash14 ndash14 46 US government assets other than official reserve assets ndash15051 ndash275 13313 ndash338 9 2 104 40 ndash2 ndash223 5 2 47 US credits and other long-term assets ndash1797 ndash930 ndash328 ndash340 0 0 0 0 0 ndash233 0 0 48 Repayments on US credits and other long-term assets 8 766 123 201 3 10 2 113 27 21 9 6 2 49 US foreign currency holdings and US short-term assets ndash14019 532 13440 () ndash1 () ndash9 13 ndash23 1 ndash1 () 50 US private assets ndash149497 9958 ndash53315 ndash32658 ndash937 10068 ndash1446 ndash973 ndash1140 ndash13464 12956 ndash20271 51 Direct investment ndash41439 ndash15963 ndash15740 ndash13684 ndash5427 ndash4156 1663 ndash2168 ndash1309 ndash4834 3459 ndash4802 52 Foreign securities 9139 ndash3568 29465 ndash1253 211 7702 ndash1171 3467 1226 8251 ndash3719 3589 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 2832 996 ndash6361 703 519 414 ndash91 ndash82 248 366 ndash407 ndash1330 54 US claims reported by US banks and securities brokers 14 ndash120029 28493 ndash60679 ndash18424 3760 6108 ndash1847 ndash2190 ndash1305 ndash17247 13623 ndash17728 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 270599 97594 62778 21992 ndash2427 5853 ndash31594 68961 26870 ndash7998 2568 ndash13652 56 Foreign official assets in the United States 78682 54430 9587 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 6201 882 799 479 ndash36 375 0 0 0 0 0 0 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 191917 43164 53191 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 46176 7070 11264 17446 2116 ndash1192 576 ndash320 259 491 79 123 65 US Treasury securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 13025 9360 147 ndash2046 ndash1242 ndash961 ndash1372 2974 ndash3746 ndash8032 498 ndash1779 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ndash192 55 148 1466 931 269 ndash327 544 ndash22 69 US liabilities reported by US banks and securities brokers 15 87809 ndash5547 56741 18 6305 18 ndash3320 18 7483 18 ndash32264 18 65376 18 30088 18 ndash130 18 1447 18 ndash11974 70 Financial derivatives net 1189 517 ndash251 ndash180 ndash1005 ndash2706 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 287256 ndash14141 20 85206 ndash28599 ndash6489 20 ndash24203 347969 3522 20 58052 ndash12986 ndash23957 20 25393

72 Balance on goods (lines 3 and 20) ndash400805 ndash96953 ndash108773 17025 5159 5127 ndash295378 ndash67003 ndash77995 32796 8396 8875 73 Balance on services (lines 4 and 21) 60280 16871 13265 9821 2096 2570 15335 4577 2919 ndash862 ndash249 ndash321 74 Balance on goods and services (lines 2 and 19) ndash340526 ndash80082 ndash95507 26846 7255 7697 ndash280043 ndash62427 ndash75076 31933 8147 8554 75 Balance on income (lines 12 and 29) ndash13915 ndash3575 ndash2504 14540 3765 3324 ndash32016 ndash8153 ndash8103 3222 409 72 76 Unilateral current transfers net (line 35) ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash395296 ndash93640 ndash107717 39784 10849 10986 ndash315033 ndash71551 ndash83780 34672 8428 8527

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 89

Transactions by AreamdashContinues of dollars]

India Japan Korea Republic of Singapore Taiwan Other Asia and Pacific

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

38473 9870 10301 135847 35489 34599 70379 18851 17494 65136 16312 17598 42014 10642 11123 96471 23864 25612 1 32724 8196 8390 112133 30043 28695 61917 16842 15360 42035 10253 11017 37957 9527 9907 80045 19023 20415 2 21616 4892 5420 67204 17713 17768 45150 11959 11299 31373 7417 8018 27113 6282 6708 55247 12704 14180 3 11108 3304 2969 44929 12330 10927 16767 4883 4060 10661 2836 2999 10844 3244 3199 24798 6319 6235 4

39 31 15 346 78 93 153 38 47 174 42 80 369 106 138 9030 2242 2226 5 3079 658 1150 10141 3020 2158 3673 1184 915 629 119 195 1114 267 293 2777 540 887 6 1339 296 509 4614 1585 1032 124 21 33 6 5 3 2 1 () 350 27 125 7

351 97 81 3540 887 901 2127 483 540 798 215 225 1876 454 506 1248 319 331 8 676 175 183 10653 2513 2638 4532 1251 1321 3822 992 1041 5146 1686 1787 1817 493 516 9

5574 2035 1019 15445 4192 4064 6105 1893 1189 5196 1454 1446 2307 721 468 9494 2677 2132 10 50 13 12 189 55 41 52 13 14 37 10 9 30 9 7 82 21 19 11

5749 1674 1911 23714 5446 5904 8462 2009 2134 23101 6059 6581 4057 1115 1216 16426 4841 5197 12 5730 1669 1906 23635 5426 5884 8456 2007 2132 23074 6053 6574 4037 1110 1211 16242 4794 5149 13 3402 1018 1122 9948 1807 2030 4382 910 760 21223 5583 6072 1962 546 462 11934 3620 3757 14 2314 604 781 13621 3594 3821 4058 1096 1363 1851 470 502 2075 564 749 4049 1123 1300 15

14 47 3 67 25 33 16 2 9 0 0 0 0 0 0 259 52 92 16 19 5 5 79 20 20 6 2 2 27 7 7 20 5 5 185 47 47 17

ndash54951 ndash14456 ndash15188 ndash215400 ndash59554 ndash58560 ndash74037 ndash18587 ndash20705 ndash30999 ndash8162 ndash8031 ndash55557 ndash12474 ndash13799 ndash136300 ndash34448 ndash34925 18 ndash53259 ndash14003 ndash14769 ndash159286 ndash45430 ndash44371 ndash68479 ndash16940 ndash18992 ndash24603 ndash6470 ndash6390 ndash48605 ndash10802 ndash12146 ndash131840 ndash33296 ndash33797 19 ndash36338 ndash9532 ndash10415 ndash131836 ndash38178 ndash36813 ndash57454 ndash13926 ndash15897 ndash20081 ndash5239 ndash5138 ndash41526 ndash8870 ndash10234 ndash115717 ndash28727 ndash29677 20 ndash16921 ndash4471 ndash4355 ndash27450 ndash7251 ndash7558 ndash11025 ndash3014 ndash3095 ndash4522 ndash1231 ndash1252 ndash7079 ndash1933 ndash1912 ndash16123 ndash4569 ndash4120 21

ndash19 ndash2 ndash12 ndash2425 ndash696 ndash690 ndash2609 ndash729 ndash700 ndash57 ndash37 ndash15 ndash310 ndash77 ndash85 ndash4185 ndash1052 ndash1055 22 ndash2196 ndash553 ndash383 ndash3435 ndash794 ndash1001 ndash1677 ndash435 ndash548 ndash349 ndash120 ndash101 ndash1022 ndash321 ndash283 ndash3801 ndash1279 ndash939 23

ndash239 ndash80 ndash52 ndash1526 ndash467 ndash464 ndash2355 ndash740 ndash650 ndash289 ndash84 ndash70 ndash1695 ndash568 ndash505 ndash1756 ndash663 ndash482 24 ndash185 ndash54 ndash37 ndash6064 ndash1526 ndash1557 ndash3129 ndash719 ndash790 ndash897 ndash195 ndash227 ndash2751 ndash675 ndash735 ndash797 ndash196 ndash213 25 ndash153 ndash73 ndash75 ndash7475 ndash2313 ndash2336 ndash118 ndash39 ndash40 ndash51 ndash12 ndash12 ndash43 ndash11 ndash11 ndash52 ndash17 ndash16 26

ndash14104 ndash3702 ndash3789 ndash6272 ndash1431 ndash1485 ndash1098 ndash342 ndash358 ndash2856 ndash776 ndash821 ndash1251 ndash279 ndash291 ndash5099 ndash1255 ndash1308 27 ndash26 ndash7 ndash7 ndash252 ndash24 ndash25 ndash39 ndash10 ndash10 ndash22 ndash6 ndash6 ndash8 ndash2 ndash2 ndash432 ndash108 ndash107 28

ndash1692 ndash453 ndash418 ndash56114 ndash14125 ndash14190 ndash5557 ndash1647 ndash1712 ndash6396 ndash1693 ndash1640 ndash6953 ndash1672 ndash1653 ndash4459 ndash1152 ndash1128 29 ndash1096 ndash270 ndash283 ndash56014 ndash14091 ndash14166 ndash5360 ndash1574 ndash1673 ndash6381 ndash1688 ndash1637 ndash6880 ndash1645 ndash1638 ndash4012 ndash1034 ndash1026 30

ndash370 ndash112 ndash117 ndash15459 ndash3421 ndash3426 ndash1322 ndash590 ndash665 ndash1157 ndash331 ndash250 ndash692 ndash155 ndash129 ndash93 ndash20 6 31 ndash67 ndash13 ndash11 ndash11996 ndash3266 ndash3381 ndash857 ndash197 ndash201 ndash3777 ndash1001 ndash1049 ndash1325 ndash348 ndash365 ndash812 ndash225 ndash238 32

ndash659 ndash145 ndash155 ndash28559 ndash7404 ndash7359 ndash3181 ndash787 ndash807 ndash1447 ndash356 ndash338 ndash4863 ndash1142 ndash1144 ndash3107 ndash789 ndash794 33 ndash596 ndash183 ndash135 ndash100 ndash33 ndash24 ndash197 ndash73 ndash39 ndash15 ndash5 ndash3 ndash73 ndash27 ndash15 ndash448 ndash118 ndash102 34

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 35 ndash109 ndash21 ndash17 ndash104 ndash13 ndash12 ndash1 0 0 () 0 0 ndash5 () ndash1 ndash15583 ndash3374 ndash4456 36 ndash28 ndash7 ndash7 ndash329 ndash86 ndash88 ndash76 ndash20 ndash21 ndash8 ndash2 ndash2 ndash12 ndash3 ndash3 ndash593 ndash155 ndash159 37

ndash8440 ndash2353 ndash1979 ndash1712 ndash172 ndash170 ndash1109 ndash392 ndash248 ndash111 ndash24 ndash14 ndash255 ndash109 ndash56 ndash7319 ndash1981 ndash1736 38

0 0 na ndash54 0 na 0 0 na 0 0 na 0 0 na ndash79 0 na 39

ndash13288 ndash1805 ndash3387 ndash81550 18450 ndash32776 ndash10269 ndash3685 3296 ndash7396 ndash10497 3232 2399 1417 199 ndash5486 ndash5312 761 40 0 0 0 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

933 ndash14 ndash14 45 ndash10 ndash630 6 ndash13990 526 13467 ndash91 28 24 ndash3 3 ndash1 3 ndash4 () ndash503 ndash252 ndash185 46 ndash43 ndash635 0 0 0 0 ndash130 0 0 0 0 0 0 0 0 ndash1050 ndash296 ndash328 47 37 3 7 0 0 0 78 20 26 0 0 0 0 0 0 526 57 143 48 ndash4 2 ndash1 ndash13990 526 13467 ndash38 8 ndash2 ndash3 3 ndash1 3 ndash4 () 21 ndash14 () 49

ndash13278 ndash1175 ndash3393 ndash68493 17938 ndash46229 ndash10178 ndash3713 3272 ndash7393 ndash10500 3233 2397 1421 199 ndash4983 ndash5060 946 50 ndash2455 ndash1540 ndash1116 ndash5062 ndash1878 1421 ndash4305 ndash629 ndash90 ndash7571 ndash4140 ndash3167 469 ndash146 ndash313 ndash5659 ndash3495 ndash2208 51 ndash3377 ndash384 ndash487 2637 254 ndash592 ndash2288 ndash3298 4778 3321 864 7546 2692 ndash527 ndash396 327 ndash436 6099 52

ndash703 39 ndash8 ndash794 1422 ndash7063 220 346 307 3060 ndash286 1112 14 ndash529 ndash69 57 ndash26 28 53 ndash6743 710 ndash1782 ndash65274 18140 ndash39995 ndash3805 ndash132 ndash1723 ndash6203 ndash6938 ndash2258 ndash778 2623 977 292 ndash1103 ndash2973 54

ndash5117 1453 5993 240731 4050 37857 11463 5465 7038 9375 ndash218 ndash797 111 9295 ndash1336 31637 8446 ndash5048 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 439 ndash24 248 ndash16 ndash111 7 ndash66 ndash116 ndash14 ndash19 ndash12 ndash26 1096 261 231 4288 920 ndash22 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 764 () 686 18598 2799 9826 3594 1639 915 2546 761 337 539 112 112 1623 ndash117 198 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash641 ndash224 ndash120 28265 4930 885 1586 1217 1153 ndash4788 ndash1485 2064 1385 999 2054 ndash1332 1693 597 66 na na na na na na na na na na na na na na na na na na 67

ndash162 43 ndash104 301 389 ndash419 251 ndash28 ndash63 ( 18) ( 18) ( 18) ndash10 44 59 ( 18) ( 18) ( 18) 68 18 ndash5517 18 1658 18 5283 18 193583 18 ndash3957 18 27558 18 6098 18 2753 18 5047 18 11636 18 518 18 ndash3172 18 ndash2899 18 7879 18 ndash3792 18 27058 18 5950 18 ndash5821 69

( 19) ( 19) ( 19) ndash7822 496 ndash49 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 9191 1026 2504 70 43461 7318 20 4284 ndash69607 1340 20 19200 3651 ndash1632 20 ndash6854 ndash35996 2591 20 ndash11986 11305 ndash8768 20 3872 28060 11934 20 17447 71

ndash14722 ndash4640 ndash4994 ndash64632 ndash20465 ndash19045 ndash12304 ndash1967 ndash4598 11292 2178 2880 ndash14413 ndash2587 ndash3526 ndash60470 ndash16023 ndash15497 72 ndash5814 ndash1166 ndash1385 17479 5079 3369 5742 1868 965 6139 1605 1747 3764 1312 1287 8675 1750 2115 73

ndash20536 ndash5807 ndash6380 ndash47153 ndash15386 ndash15676 ndash6562 ndash98 ndash3633 17431 3783 4627 ndash10648 ndash1276 ndash2239 ndash51795 ndash14274 ndash13381 74 4057 1221 1493 ndash32400 ndash8679 ndash8285 2904 362 422 16706 4367 4941 ndash2895 ndash556 ndash436 11967 3690 4069 75

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 76 ndash25056 ndash6966 ndash6891 ndash81697 ndash24336 ndash24232 ndash4844 ndash148 ndash3480 34017 8124 9551 ndash13816 ndash1945 ndash2735 ndash63324 ndash16094 ndash15664 77

90 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Middle East Africa

2011 2012

2011 2012

I r II pI r II p

Current account 1 Exports of goods and services and income receipts 99843 26617 26982 57868 14189 14684 2 Exports of goods and services 82037 21951 22670 46669 11428 11925 3 Goods balance of payments basis 2 59397 16202 16800 33808 8052 8745 4 Services 3 22640 5749 5870 12860 3376 3180 5 Transfers under US military agency sales contracts 4 4181 981 870 602 196 138 6 Travel 3651 755 1034 1591 323 447 7 Passenger fares 530 97 162 645 149 170 8 Other transportation 2244 562 683 498 114 106 9 Royalties and license fees 5 1010 293 306 1192 275 287

10 Other private services 5 10942 3039 2794 8255 2300 2012 11 US government miscellaneous services 82 22 20 77 19 21 12 Income receipts 17806 4667 4312 11200 2760 2759 13 Income receipts on US-owned assets abroad 17625 4620 4266 11113 2737 2735 14 Direct investment receipts 15226 4016 3598 8520 2052 1888 15 Other private receipts 2261 575 631 2365 658 802 16 US government receipts 138 29 37 228 27 45 17 Compensation of employees 182 46 47 86 24 24 18 Imports of goods and services and income payments ndash133298 ndash34113 ndash40673 ndash103924 ndash19566 ndash21594 19 Imports of goods and services ndash124109 ndash31794 ndash38246 ndash102038 ndash19111 ndash21199 20 Goods balance of payments basis 2 ndash106531 ndash27874 ndash34059 ndash93323 ndash16991 ndash19017 21 Services 3 ndash17578 ndash3920 ndash4187 ndash8715 ndash2121 ndash2182 22 Direct defense expenditures ndash6256 ndash1131 ndash1100 ndash445 ndash95 ndash103 23 Travel ndash3009 ndash720 ndash940 ndash3422 ndash893 ndash887 24 Passenger fares ndash2336 ndash654 ndash672 ndash660 ndash179 ndash196 25 Other transportation ndash1565 ndash391 ndash396 ndash560 ndash128 ndash129 26 Royalties and license fees 5 ndash228 ndash57 ndash56 ndash66 ndash24 ndash25 27 Other private services 5 ndash3869 ndash893 ndash945 ndash2987 ndash652 ndash690 28 US government miscellaneous services ndash314 ndash74 ndash78 ndash576 ndash149 ndash152 29 Income payments ndash9189 ndash2319 ndash2427 ndash1886 ndash455 ndash395 30 Income payments on foreign-owned assets in the United States ndash9036 ndash2274 ndash2393 ndash1592 ndash380 ndash327 31 Direct investment payments ndash1 87 42 ndash512 ndash103 ndash41 32 Other private payments ndash5311 ndash1483 ndash1576 ndash398 ndash115 ndash124 33 US government payments ndash3724 ndash878 ndash859 ndash682 ndash162 ndash162 34 Compensation of employees ndash154 ndash45 ndash34 ndash294 ndash75 ndash68 35 Unilateral current transfers net ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 36 US government grants 4 ndash7644 ndash3235 ndash1231 ndash9807 ndash2017 ndash3178 37 US government pensions and other transfers ndash144 ndash36 ndash37 ndash40 ndash10 ndash10 38 Private remittances and other transfers 6

Capital account ndash3758 ndash856 ndash906 ndash7130 ndash1875 ndash1632

39 Capital account transactions net Financial account

0 0 na ndash1072 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) 4270 ndash8199 3129 1794 ndash2348 1124

41 US official reserve assets 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets ndash219 ndash44 ndash11 1020 ndash14 ndash12 47 US credits and other long-term assets ndash431 ndash85 ndash81 ndash345 ndash72 ndash64 48 Repayments on US credits and other long-term assets 8 202 47 66 1356 63 61 49 US foreign currency holdings and US short-term assets 10 ndash6 4 10 ndash4 ndash9 50 US private assets 4489 ndash8155 3140 774 ndash2335 1136 51 Direct investment ndash846 ndash3924 ndash3324 ndash5127 ndash1466 713 52 Foreign securities 2817 57 733 ndash1603 ndash402 760 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1302 ndash699 ndash58 ndash142 395 ndash92 54 US claims reported by US banks and securities brokers 14 1216 ndash3589 5789 7646 ndash862 ndash245 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 67973 ndash2975 14154 ndash11760 2355 958 56 Foreign official assets in the United States 52584 421 13528 ndash11843 ndash3308 3131 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 60 Other US government liabilities 11 3165 1723 2049 53 188 147 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 63 Other foreign assets in the United States 15389 ndash3396 626 83 5663 ndash2173 64 Direct investment 9098 602 ndash924 2060 63 160 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 66 US securities other than US Treasury securities 2263 609 1412 559 104 109 67 US currency na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 69 US liabilities reported by US banks and securities brokers 15 7135 ndash4065 199 2661 3694 ndash2555 70 Financial derivatives net ( 19) ( 19) ( 19) 2603 332 ndash86 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash27242 22796 20 ndash1419 71468 8941 20 9734

72 Balance on goods (lines 3 and 20) ndash47134 ndash11672 ndash17258 ndash59514 ndash8938 ndash10272 73 Balance on services (lines 4 and 21) 5062 1829 1682 4145 1255 998 74 Balance on goods and services (lines 2 and 19) ndash42072 ndash9843 ndash15576 ndash55369 ndash7683 ndash9274 75 Balance on income (lines 12 and 29) 8617 2348 1885 9313 2305 2364 76 Unilateral current transfers net (line 35) ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash45001 ndash11622 ndash15864 ndash63033 ndash9280 ndash11730

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 91

Transactions by AreamdashTable Ends of dollars]

South Africa Other Africa International organizations and unallocated 22

Line 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p

12589 3062 3438 45279 11127 11246 58399 14756 15176 1 10108 2457 2550 36561 8972 9375 2503 622 608 2 7259 1826 1863 26550 6227 6882 0 0 0 3 2849 631 687 10011 2745 2493 2503 622 608 4

2 1 () 600 196 138 122 22 24 5 299 58 93 1292 265 354 0 0 0 6 247 54 76 398 95 94 0 0 0 7 134 24 22 364 90 84 60 24 6 8 821 184 192 372 91 95 4 3 3 9

1341 308 301 6914 1992 1711 2317 573 574 10 5 3 3 71 16 18 0 0 0 11

2481 605 887 8718 2155 1871 55896 14134 14569 12 2476 604 886 8638 2133 1849 51681 13066 13498 13

733 109 255 7787 1943 1633 22676 5643 5643 14 1732 495 626 633 163 176 28699 7394 7830 15

11 0 5 217 27 40 306 29 25 16 6 1 1 81 22 22 4215 1068 1071 17

ndash12317 ndash2727 ndash2972 ndash91607 ndash16839 ndash18621 ndash16764 ndash4398 ndash4505 18 ndash11447 ndash2546 ndash2777 ndash90591 ndash16566 ndash18421 ndash288 ndash145 ndash115 19

ndash9539 ndash2100 ndash2192 ndash83784 ndash14891 ndash16824 0 0 0 20 ndash1908 ndash446 ndash585 ndash6807 ndash1675 ndash1597 ndash288 ndash145 ndash115 21

ndash8 ndash3 ndash3 ndash437 ndash92 ndash100 0 0 0 22 ndash825 ndash167 ndash274 ndash2597 ndash726 ndash613 0 0 0 23 ndash163 ndash38 ndash57 ndash497 ndash141 ndash139 0 0 0 24 ndash96 (D) ndash22 ndash464 (D) ndash107 ndash227 ndash58 ndash29 25 ndash50 (D) ndash21 ndash16 (D) ndash4 ndash40 ndash83 ndash82 26

ndash704 ndash178 ndash193 ndash2282 ndash474 ndash498 ndash21 ndash4 ndash4 27 ndash62 ndash16 ndash16 ndash514 ndash134 ndash136 () 0 0 28

ndash871 ndash182 ndash195 ndash1016 ndash273 ndash200 ndash16476 ndash4253 ndash4390 29 ndash675 ndash142 ndash146 ndash917 ndash238 ndash181 ndash16476 ndash4253 ndash4390 30

(D) (D) (D) (D) (D) (D) ndash7051 ndash1756 ndash1763 31 ndash103 ndash27 ndash28 ndash295 ndash88 ndash96 ndash8396 ndash2287 ndash2422 32

(D) (D) (D) (D) (D) (D) ndash1029 ndash210 ndash205 33 ndash196 ndash40 ndash49 ndash98 ndash35 ndash19 0 0 0 34

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 35 ndash374 ndash89 ndash120 ndash9433 ndash1928 ndash3058 ndash9016 ndash1983 ndash1515 36

ndash8 ndash2 ndash2 ndash32 ndash8 ndash8 ndash3871 ndash576 ndash599 37 ndash714 ndash185 ndash180 ndash6416 ndash1690 ndash1452 ndash20973 ndash5174 ndash5485 38

0 0 na ndash1072 0 na 0 0 na 39

ndash1098 ndash1702 ndash134 2892 ndash646 1258 ndash37569 ndash7425 ndash7312 40 0 0 0 0 0 0 ndash16327 ndash1089 ndash3189 41 0 0 0 0 0 0 0 0 0 42

1752 ndash11 ndash10 43

ndash18079 ndash1078 ndash3179 44

45 ndash3 ndash1 ndash4 1023 ndash13 ndash8 ndash2019 ndash237 ndash1614 46 0 0 0 ndash345 ndash72 ndash64 ndash2183 ndash240 ndash1629 47 0 0 0 1356 63 61 32 2 15 48

ndash3 ndash1 ndash4 13 ndash3 ndash5 132 0 0 49 ndash1095 ndash1701 ndash130 1869 ndash634 1266 ndash19223 ndash6099 ndash2509 50

ndash722 74 ndash56 ndash4405 ndash1540 769 ndash22676 ndash5643 ndash5643 51 ndash1065 ndash1118 ndash164 ndash538 716 924 968 ndash1708 1240 52

43 ndash6 194 ndash185 401 ndash286 2 ndash2 5 53 649 ndash651 ndash104 6997 ndash211 ndash141 2483 1254 1889 54

74 591 438 ndash11834 1764 520 70832 22534 584 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 26 8 0 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 59

0 2 0 53 186 147 26 8 0 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 70806 22526 584 63 255 ndash5 73 1805 68 87 7051 1756 1763 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 ndash44 126 ndash30 603 ndash22 139 ndash1966 ndash315 277 66 na na na na na na 54996 18057 7116 67 68 107 ndash7 ( 18) ( 18) ( 18) 29 4 2 68

18 ndash205 18 361 18 402 18 ndash14295 18 1532 18 147 18 10696 18 3024 18 ndash8574 69 ( 19) ( 19) ( 19) 2603 332 ndash86 ndash976 ndash280 ndash328 70

1848 1052 20 ndash467 69619 7889 20 10201 ndash40062 ndash17454 20 3984 71

ndash2280 ndash274 ndash329 ndash57235 ndash8664 ndash9943 0 0 0 72 941 185 102 3204 1070 896 2215 477 493 73

ndash1339 ndash89 ndash227 ndash54030 ndash7594 ndash9047 2215 477 493 74 1611 424 693 7703 1882 1671 39420 9881 10179 75

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 76 ndash824 58 163 ndash62209 ndash9338 ndash11893 7775 2625 3072 77

92 US International Transactions October 2012

Footnotes to US International Transactions Tables 1ndash12

General notes for all tables p Preliminary r Revised 0 Transactions are possible but are zero for a given period () Transactions are less than $500000(plusmn) D Suppressed to avoid disclosure of data of individual compashynies na Transactions are possible but data are not available Not applicable or for data periods 1960ndash1997 transactions that are 0 ldquonot availshyablerdquo or ldquonot applicablerdquo Quarterly estimates are not annualized and are expressed at quarterly rates

Table 1 1 Credits + Exports of goods and services and income receipts unilateral

current transfers to the United States capital account transactions receipts financial inflowsmdashincrease in foreign-owned assets (US liabilities) or decrease in US-owned assets (US claims)

Debits ndash Imports of goods and services and income payments unilateral current transfers to foreigners capital account transactions payments finanshycial outflowsmdashdecrease in foreign-owned assets (US liabilities) or increase in US-owned assets (US claims)

2 See table 2 footnotes for explanations of the various balance of payshyments adjustments made to convert goods on a Census-basis to goods on a balance of payments basis The adjustments are made to improve coverage eliminate duplication and align the goods data with national and international accounting guidelines

3 Includes some goods Mainly military equipment and supplies in lines 5 and 22 that are commingled in the source data and cannot be separately idenshytified Beginning with statistics for 1999 line 5 excludes equipment and supshyplies exported under the US Foreign Military Sales program that can be separately identified and line 22 excludes petroleum purchases abroad by US military agencies that can be separately identified

4 Includes transfers of goods and services under US military grant proshygrams

5 Beginning in 1982 these lines are presented on a gross basis The definishytion of exports is revised to exclude US parentsrsquo payments to foreign affiliates and to include US affiliatesrsquo receipts from foreign parents The definition of imports is revised to include US parentsrsquo payments to foreign affiliates and to exclude US affiliatesrsquo receipts from foreign parents

6 Beginning in 1982 the ldquoother transfersrdquo component includes taxes paid by US private residents to foreign governments and taxes paid by private nonresidents to the US Government

7 At the present time all US Treasury-owned gold is held in the United States

8 Includes sales of foreign obligations to foreigners 9 Consists of bills certificates marketable bonds and notes and nonmarshy

ketable convertible and nonconvertible bonds and notes 10 Consists of US Treasury and Export-Import Bank obligations not

included elsewhere and of debt securities of US Government corporations and agencies

11 Includes primarily US Government liabilities associated with milishytary agency sales contracts and other transactions arranged with or through foreign official agencies see table 6

12 Consists of investments in US corporate stocks and in debt securities of private corporations and state and local governments

13 Conceptually the sum of line 77 and line 39 is equal to ldquonet lending or net borrowingrdquo in the national income and product accounts (NIPAs) Howshyever the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold (b) includes adjustments for the different geographical treatment of transactions with US territories and Puerto Rico and (c) includes services furnished withshyout payment by financial pension plans except life insurance carriers and prishyvate noninsured pension plans A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSIshyNESS A reconciliation of the other foreign transactions in the two sets of accounts appears in table 43B of the full set of NIPA tables

14 Beginning with 2003 includes securities brokers claims on their forshyeign affiliates Prior to 2003 they are included in the claims of nonbanking concerns

15 Beginning with 2003 includes securities brokers liabilities to their forshyeign affiliates Prior to 2003 they are included in the liabilities of nonbanking concerns

16 Calculated excluding capital account transactions net (line 39) 17 Equals the sum of financial derivatives for the first second and third

quarters of the year Appears only with the preliminary release of annual stashytistics for a given year

Additional footnotes for historical data in July issues of the SURVEY 18 For 1974 includes extraordinary US Government transactions with

India See ldquoSpecial US Government Transactionsrdquo June 1974 SURVEY p 27

19 For 1978ndash83 includes foreign currency-denominated notes sold to prishyvate residents abroad

20 Break in series See Technical Notes in the June 1989ndash90 1992ndash95 and July 1996ndash2010 issues of the SURVEY

Table 2 1 Exports Census basis represent transactions values fas US port of

exportation imports Census basis represent Customs values Seasonally adjusted data reflect the application of seasonal factors developed jointly by BEA and the US Census Bureau (CENSUS)

2 Difference between transactions included in primary source data proshyvided to BEA by the US Department of Defense and transactions included in the Census trade data Negative values may result from timing differences for transactions recorded in the two data sets

3 Addition for low-value (below reporting threshold) transactions for 1999ndash2009 to phase in a revised low-value methodology that was impleshymented by CENSUS beginning with statistics for 2010

4 Addition of electric energy exports to Mexico deduction of exposed motion picture film for sale or rental net change in stock of US-owned grains in storage in Canada valuation of software exports at market value and coverage adjustments for special situations where certain exports are not included in the Census data

5 Addition of electric energy imports from Mexico deduction of exposed motion picture film for sale or rental deduction of the value of repairs of US vessels abroad and coverage adjustments for special situations where certain imports are not included in the Census data

6 Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 12 lines 3 and 20 Trade with international organizations includes purchases of nonmonetary gold from the Internashytional Monetary Fund transfers of tin to the International Tin Council and sales of satellites to Intelsat Members of OPEC include Algeria Angola (beginning with the first quarter of 2007) Ecuador (beginning with the fourth quarter of 2007) Indonesia (ending with the fourth quarter of 2008) Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates and Venezuela

7 Lines B24 B83 and B142 include CENSUSs reconciliation of disshycrepancies between the goods statistics published by the United States and the counterpart statistics published by Canada These adjustments are disshytributed to the affected end-use categories in section C Beginning in 1986 estimates for undocumented exports to Canada the largest item in the US-Canadian reconciliation are included in Census basis data shown in line A1

Table 3 1 Royalties and license fees and ldquoother private servicesrdquo by detailed type of

service include both affiliated and unaffiliated transactions 2 Includes royalties license fees and other fees associated with intangible

assets including patents trade secrets and other proprietary rights that are used in connection with the production of goods

3 Includes royalties license fees and other fees associated with copyrights trademarks franchises rights to broadcast live events software licensing fees distribution of film and television recordings and other intellectual property rights

4 Other services receipts (exports) include mainly expenditures of foreign residents working temporarily in the United States Payments (imports) include mainly expenditures of US residents temporarily working abroad

5 These reflect the amount of premiums explicitly charged by or paid to insurers and reinsurers

Table 4 1 Beginning with 2003 includes interest on securities brokersrsquo claims on

their foreign affiliates Prior to 2003 it is included in the interest on claims of nonbanking concerns

2 Beginning with 2003 gross interest receipts on US holdings of special drawing rights (SDRs) are included in US government receipts Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

3 Beginning with 2003 includes interest on securities brokersrsquo liabilities to their foreign affiliates Prior to 2003 it is included in the interest on liabilities of nonbanking concerns

4 Beginning in 2003 gross interest payments on US allocations of SDRs are included in US government payments Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

Table 5 1 Complete instrument detail is only available beginning with 2003 2 Prior to 2003 includes only demand deposits and nonnegotiable time

and savings deposits

93 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 1 Expenditures to release foreign governments from their contractual liashy

bilities to pay for military goods and services purchased through military sales contractsmdashfirst authorized (for Israel) under Public Law 93ndash199 section 4 and subsequently authorized (for many recipients) under similar legislationmdashare included in line A4 Deliveries against these military sales contracts are included in line C10 see footnote 2 Of the line A4 items part of these military expendishytures is applied in lines A43 and A46 to reduce short-term assets previously recorded in lines A41 and C8 this application of funds is excluded from lines C3 and C4 A second part of line A4 expenditures finances future deliveries under military sales contracts for the recipient countries and is applied directly to lines A42 and C9 A third part of line A4 disbursed directly to finance purchases by recipient countries from commercial suppliers in the United States is included in line A37 A fourth part of line A4 representing dollars paid to the recipient countries to finance purchases from countries other than the United States is included in line A48

2 Transactions under military sales contracts are those in which the Department of Defense sells and transfers military goods and services to a forshyeign purchaser on a cash or credit basis Purchases by foreigners directly from commercial suppliers are not included as transactions under military sales contracts

3 The identification of transactions involving direct dollar outflows from the United States is made in reports by each operating agency

4 Line A38 includes foreign currency collected as interest and line A43 includes foreign currency collected as principal as recorded in lines A16 and A17 respectively

5 Includes (a) advance payments to the Department of Defense (on milishytary sales contracts) financed by loans extended to foreigners by US Governshyment agencies and (b) the contra-entry for the part of line C10 that was delivered without prepayment by the foreign purchaser Also includes expenshyditures of appropriations available to release foreign purchasers from liability to make repayment

6 Includes purchases of loans from US banks and exporters and payshyments by the US Government under commercial export credit and investshyment guarantee programs

7 Excludes liabilities associated with military sales contracts financed by US Government grants and credits and included in line C2

8 Excludes transactions of the US Enrichment Corporation since it became a non-government entity in July 1998

9 Beginning in the fourth quarter of 2007 includes drawings and repayshyments under temporary reciprocal currency arrangements between the US Federal Reserve System and foreign central banks that do not meet the strict definition of US reserve assets

10 Includes allocations of special drawing rights (SDRs) in the third quarshyter of 2009

Table 7 1 Interest on intercompany debt between financial parent companies and

their financial affiliates is excluded from direct investment income Prior to 2007 interest on the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment income

2 Intercompany debt investment between financial parent companies and their financial affiliates is excluded from direct investment financial flows Prior to 2007 the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment financial flows

Table 8 1 Beginning with 2005 source data for new issue estimates are no longer

separately available New issues continue to be included in net purchases 2 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 9 1 Prior to 2003 securities brokersrsquo claims on and liabilities to their forshy

eign affiliates are included in the estimates They are excluded beginning in 2003

2 Complete instrument detail is only available beginning with 2003 3 Financial intermediariesrsquo accounts are shown under ldquoother claims

(liabilities)rdquo because the majority of these claims (liabilities) are in the form of intercompany balances Financial intermediariesrsquo accounts represent transshyactions between firms in a direct investment relationship (that is between US parents and their foreign affiliates or between US affiliates and their forshyeign parent groups) where both the US and foreign firms are classified in a

finance industry but the firms are neither banks nor securities brokers 4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 10 1 Beginning with 2003 includes securities brokersrsquo claims on their foreign

affiliates 2 Complete instrument detail is only available beginning with 2003 3 Includes foreign official agencies and international and regional organishy

zations Prior to 2003 also includes government-owned corporations and state provincial and local governments and their agencies

4 US-owned banks include US-chartered banks Edge Act subsidiaries and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

5 Commercial paper issued in the US market by foreign incorporated entities and held in US customersrsquo accounts Excludes commercial paper issued through foreign direct investment affiliates in the United States

6 Prior to 2003 includes negotiable certificates of deposit and other negoshytiable and transferable instruments

7 Prior to 2003 includes only deposits 8 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 11 1 Beginning with 2003 includes securities brokersrsquo liabilities to their forshy

eign affiliates 2 Complete instrument detail is only available beginning with 2003 3 US-owned banks include US-chartered banks Edge Act subsidiaries

and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to 2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 12 For footnotes 1ndash15 see table 1 16 At the global level the statistical discrepancy represents net errors and

omissions in recorded transactions For individual countries and regions it may also reflect discrepancies that arise when transactions with one country or region are settled through transactions with another country or region

17 Details not shown separately see totals in lines 56 and 63 18 Details not shown separately are included in line 69 19 Estimates of financial derivatives for several countries are not available

separately Estimates for Luxembourg are included in Other Euro area Estishymates for Argentina Brazil Mexico and Venezuela are included in Other South and Central America Estimates for China Hong Kong India Korea Singapore and Taiwan are included in Other Asia and Pacific Estimates for South Africa are included in Other Africa In addition estimates for the Midshydle East are combined with estimates for Asia and Pacific and included in Other Asia and Pacific

20 Calculated excluding capital account transactions net (line 39) 21 Equals the sum of financial derivatives for the first second and third

quarters of the year 22 Includes as part of international and unallocated taxes withheld cur-

rent-cost adjustments associated with US and foreign direct investment and net US currency flows Before 1999 also includes the estimated US direct investment in foreign affiliates engaged in international shipping in operating oil and gas drilling equipment internationally and in petroleum trading Before 1996 also includes small transactions in business services that are not reported by country

NOTE Definitions for geographic areas are available on BEArsquos Web site at wwwbeagov Country data are based on information available from US reporting sources In some instances the statistics may not necessarily reflect the ultimate foreign transactor For instance US goods export statistics reflect country of reported destination in many cases the goods may be transshyshipped to third countries (especially true for the Netherlands and Germany) The geographic breakdown of securities transactions reflects the country with which transactions occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of US funds

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68 U.S. International Transactions October 2012 October/1012...· 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (4)

71 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

B Trade in goods by area and country balance of payments basis 6mdashContinues

BALANCE (EXCESS OF EXPORTS +) 119 Total all countries ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 120 Europe ndash118212 ndash23876 ndash33643 ndash28473 ndash32220 ndash24419 ndash29378 ndash27429 ndash33554 ndash24979 ndash32251 ndash27916 ndash29412 121 European Union ndash100146 ndash21737 ndash26212 ndash24637 ndash27560 ndash23778 ndash27171 ndash24585 ndash26464 ndash21950 ndash27147 ndash26519 ndash27487 122 Euro area ndash90860 ndash19867 ndash23957 ndash22757 ndash24280 ndash22234 ndash23271 ndash22114 ndash24170 ndash20727 ndash23850 ndash24373 ndash23565 123 Austria ndash6604 ndash1559 ndash1617 ndash2043 ndash1385 ndash1765 ndash1234 ndash1638 ndash1631 ndash1981 ndash1354 ndash1842 ndash1251 124 Belgium 12184 2303 2946 3275 3660 3505 2898 2223 2896 3418 3648 3436 2852 125 Finland ndash1215 ndash464 ndash376 ndash189 ndash187 ndash763 ndash509 ndash506 ndash376 ndash154 ndash180 ndash833 ndash511 126 France ndash12186 ndash2396 ndash2710 ndash2831 ndash4250 ndash2777 ndash2071 ndash2660 ndash2774 ndash2587 ndash4165 ndash3074 ndash2161 127 Germany ndash49799 ndash11201 ndash11539 ndash13162 ndash13897 ndash13202 ndash13555 ndash11977 ndash11657 ndash12518 ndash13647 ndash13987 ndash13674 128 Greece ndash485 ndash57 ndash86 ndash333 ndash9 ndash126 ndash18 ndash72 ndash87 ndash312 ndash13 ndash139 ndash18 129 Ireland ndash31777 ndash7084 ndash8439 ndash7772 ndash8482 ndash6461 ndash7190 ndash7484 ndash8442 ndash7519 ndash8332 ndash6768 ndash7190 130 Italy ndash18081 ndash3773 ndash4695 ndash4763 ndash4850 ndash4038 ndash5483 ndash4061 ndash4693 ndash4533 ndash4794 ndash4280 ndash5483 131 Luxembourg 1121 210 142 218 551 445 338 216 140 222 543 436 329 132 Netherlands 18588 4423 3824 5242 5098 3938 4502 4264 3823 5478 5022 3803 4471 133 Norway ndash4325 ndash709 ndash1258 ndash932 ndash1426 ndash873 ndash834 ndash783 ndash1195 ndash851 ndash1495 ndash977 ndash785 134 Portugal ndash1185 ndash215 ndash281 ndash335 ndash355 ndash475 ndash174 ndash240 ndash272 ndash308 ndash365 ndash510 ndash170 135 Russia ndash26268 ndash5550 ndash7311 ndash6612 ndash6796 ndash4243 ndash5119 ndash5968 ndash6989 ndash6163 ndash7149 ndash4680 ndash4813 136 Spain ndash392 357 ndash638 ndash10 ndash101 ndash393 ndash319 254 ndash609 106 ndash143 ndash473 ndash301 137 Sweden ndash6097 ndash1601 ndash1715 ndash1384 ndash1397 ndash1338 ndash1433 ndash1700 ndash1711 ndash1307 ndash1379 ndash1427 ndash1435 138 Switzerland 495 413 ndash927 550 459 820 762 261 ndash989 698 525 711 665 139 Turkey 10322 2857 2591 2533 2341 1902 2299 2819 2586 2598 2319 1856 2304 140 United Kingdom 5158 1493 1536 1726 403 1873 252 1145 1510 2162 342 1527 250 141 Other Europe ndash7667 ndash1324 ndash3090 ndash1654 ndash1599 ndash447 ndash2490 ndash1524 ndash3084 ndash1426 ndash1633 ndash694 ndash2491 142 Canada 7 ndash38261 ndash10463 ndash8115 ndash9671 ndash10011 ndash11751 ndash7622 ndash13544 ndash7657 ndash6198 ndash10863 ndash15102 ndash7018 143 Latin America and Other Western Hemisphere ndash74486 ndash17705 ndash22493 ndash18574 ndash15713 ndash19279 ndash16040 ndash21975 ndash21605 ndash13789 ndash17116 ndash23739 ndash15269 144 South and Central America ndash77796 ndash19267 ndash22815 ndash18606 ndash17108 ndash20184 ndash17757 ndash23347 ndash21979 ndash14115 ndash18354 ndash24416 ndash17062 145 Argentina 5345 889 1452 1602 1402 1002 1995 875 1428 1653 1389 1005 1972 146 Brazil 11272 3405 2332 3605 1930 1335 2413 3211 2372 3903 1787 997 2419 147 Chile 7113 820 1903 1931 2459 1956 2428 776 1857 2020 2459 1920 2369 148 Colombia ndash8780 ndash1279 ndash2410 ndash2286 ndash2805 ndash2724 ndash2513 ndash1505 ndash2259 ndash1980 ndash3036 ndash3086 ndash2329 149 Mexico ndash68634 ndash16607 ndash18503 ndash16798 ndash16725 ndash17365 ndash18951 ndash19041 ndash18394 ndash14260 ndash16939 ndash19809 ndash18799 150 Venezuela ndash31053 ndash7933 ndash9156 ndash7813 ndash6152 ndash6670 ndash4725 ndash8688 ndash8600 ndash7130 ndash6636 ndash7337 ndash4367 151 Other 6942 1437 1567 1154 2784 2282 1595 1025 1616 1678 2622 1893 1674 152 Other Western Hemisphere 3310 1562 321 32 1394 905 1717 1373 374 326 1238 676 1793 153 Asia and Pacific ndash400805 ndash84615 ndash97341 ndash114070 ndash104780 ndash96953 ndash108773 ndash92559 ndash97350 ndash107329 ndash103567 ndash104401 ndash108469 154 Australia 17025 3611 3761 4364 5289 5159 5127 3644 3676 4483 5222 5143 5053 155 China ndash295378 ndash60280 ndash73172 ndash83985 ndash77941 ndash67003 ndash77995 ndash64459 ndash73051 ndash80991 ndash76877 ndash70718 ndash77783 156 Hong Kong 32796 7558 7170 9153 8914 8396 8875 7655 7097 9265 8778 8422 8818 157 India ndash14722 ndash3394 ndash4078 ndash4223 ndash3027 ndash4640 ndash4994 ndash3691 ndash4094 ndash3963 ndash2974 ndash4965 ndash5007 158 Indonesia ndash11741 ndash2949 ndash2925 ndash3109 ndash2757 ndash2635 ndash2255 ndash3200 ndash2884 ndash2913 ndash2744 ndash2834 ndash2216 159 Japan ndash64632 ndash16415 ndash10739 ndash17683 ndash19795 ndash20465 ndash19045 ndash17828 ndash10655 ndash16476 ndash19673 ndash21888 ndash18866 160 Korea Republic of ndash12304 ndash2420 ndash3639 ndash3339 ndash2907 ndash1967 ndash4598 ndash2974 ndash3617 ndash2801 ndash2913 ndash2469 ndash4534 161 Malaysia ndash11644 ndash2445 ndash2738 ndash3207 ndash3254 ndash3348 ndash2872 ndash2657 ndash2769 ndash3021 ndash3197 ndash3551 ndash2893 162 Philippines ndash1585 ndash292 ndash407 ndash492 ndash394 ndash569 ndash341 ndash386 ndash401 ndash378 ndash421 ndash674 ndash307 163 Singapore 11292 2401 2873 3313 2704 2178 2880 2333 2782 3469 2708 2062 2788 164 Taiwan ndash14413 ndash2310 ndash4251 ndash4304 ndash3547 ndash2587 ndash3526 ndash2682 ndash4267 ndash3974 ndash3490 ndash2908 ndash3544 165 Thailand ndash13997 ndash3006 ndash3698 ndash3987 ndash3306 ndash3645 ndash3995 ndash3238 ndash3706 ndash3792 ndash3261 ndash3850 ndash3990 166 Other ndash21503 ndash4675 ndash5498 ndash6571 ndash4758 ndash5826 ndash6032 ndash5076 ndash5463 ndash6237 ndash4727 ndash6170 ndash5989 167 Middle East ndash47134 ndash7752 ndash12819 ndash15391 ndash11172 ndash11672 ndash17258 ndash9102 ndash11977 ndash13843 ndash12212 ndash13191 ndash16126 168 Israel ndash8960 ndash1938 ndash2490 ndash2139 ndash2393 ndash1476 ndash2026 ndash2140 ndash2513 ndash1969 ndash2337 ndash1611 ndash2033 169 Saudi Arabia ndash33551 ndash6514 ndash8137 ndash10279 ndash8622 ndash9626 ndash11831 ndash7278 ndash7568 ndash9495 ndash9211 ndash10544 ndash11148 170 Other ndash4623 700 ndash2193 ndash2973 ndash157 ndash570 ndash3402 317 ndash1897 ndash2379 ndash664 ndash1036 ndash2944 171 Africa ndash59514 ndash15040 ndash16065 ndash15973 ndash12436 ndash8938 ndash10272 ndash16750 ndash15041 ndash14479 ndash13245 ndash9949 ndash9495 172 Algeria ndash13044 ndash4028 ndash3846 ndash2776 ndash2394 ndash2752 ndash2316 ndash4339 ndash3637 ndash2567 ndash2502 ndash2938 ndash2186 173 Nigeria ndash28984 ndash7826 ndash7787 ndash7737 ndash5635 ndash3191 ndash4333 ndash8568 ndash7318 ndash7127 ndash5971 ndash3485 ndash4067 174 South Africa ndash2280 ndash69 ndash750 ndash727 ndash734 ndash274 ndash329 ndash112 ndash774 ndash671 ndash722 ndash325 ndash343 175 Other ndash15207 ndash3117 ndash3683 ndash4734 ndash3673 ndash2722 ndash3293 ndash3730 ndash3312 ndash4114 ndash4050 ndash3200 ndash2898 176 International organizations and unallocated 0

Memorandum 0 0 0 0 0 0 0 0 0 0 0 0

177 Members of OPEC ndash128577 ndash29791 ndash35416 ndash36283 ndash27088 ndash26739 ndash31860 ndash33139 ndash33056 ndash33078 ndash29304 ndash29573 ndash29683

See the footnotes on pages 92ndash93

72 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basis 1 Exports of goods balance of payments basis (Andash10) 1497406 356161 375554 378454 387237 385722 396218 360917 372160 382161 382167 388523 394110 2 Agricultural products 140023 38666 33709 30327 37321 36055 33171 36481 35600 33943 33999 33793 36719 3 Nonagricultural products 1357383 317495 341846 348127 349916 349667 363047 324436 336561 348218 348168 354731 357391 4 Foods feeds and beverages 126220 32958 29577 29071 34613 31647 29781 31850 31925 31303 31142 30471 33736 5 Agricultural 117356 31140 27595 26287 32334 29660 27692 29768 29712 29045 28831 28192 31400 6 Grains and preparations 36226 9289 10329 8729 7879 7375 7723 9063 10337 8664 8162 7065 7765 7 Wheat 11313 3109 3720 2663 1821 1874 2384 3211 3732 2372 1998 1885 2385 8 Corn 14842 3254 4122 3785 3682 3231 3054 3196 4038 3785 3824 3146 2981 9 Soybeans 18064 7129 2007 1840 7089 6235 3262 5361 4122 4261 4321 4542 6924

10 Meat products and poultry 17133 3765 4060 4601 4707 4393 4439 4031 4037 4496 4570 4642 4417 11 Vegetables fruits nuts and preparations 20491 4867 4951 4565 6108 5217 5343 4951 5049 5165 5326 5246 5466 12 Other agricultural foods feeds and beverages 25441 6091 6247 6552 6551 6440 6924 6363 6167 6459 6452 6697 6828 13 Nonagricultural (fish distilled beverages etc) 8864 1817 1983 2784 2280 1987 2089 2081 2213 2258 2312 2279 2336 14 Fish and shellfish 5698 1125 1200 1926 1447 1201 1224 1311 1406 1463 1519 1406 1444 15 Industrial supplies and materials 518676 121966 131314 135333 130063 131504 134599 123792 128577 133876 132431 132627 131996 16 Agricultural 22244 7410 5980 3975 4878 6287 5362 6610 5775 4799 5060 5503 5221 17 Raw cotton 8469 3806 2582 810 1271 2523 1777 3204 2206 1276 1783 1946 1430 18 Tobacco unmanufactured 1122 330 305 136 351 412 169 200 341 339 241 300 220 19 Hides and skins including furskins 2663 658 774 640 591 685 872 624 720 673 646 642 817 20 Other agricultural industrial supplies 9990 2617 2319 2388 2665 2667 2544 2582 2507 2510 2390 2615 2755 21 Nonagricultural 496433 114556 125333 131358 125185 125217 129238 117182 122802 129077 127371 127124 126776 22 Energy products 157771 34269 39460 41678 42364 40088 42789 35125 39133 41363 42150 40917 42545 23 Coal and related products 16857 3894 4384 4286 4293 4450 5310 4115 4354 4244 4143 4814 5308 24 Petroleum and products 131376 27910 32568 34911 35987 33861 35966 28544 32271 34639 35923 34326 35723 25 Natural gas 6438 1750 1775 1591 1322 1255 1005 1750 1775 1591 1322 1255 1005 26 Paper and paper base stocks 23618 5885 6085 6015 5632 5748 5700 5992 6046 5908 5672 5816 5656 27 Textile supplies and related materials 14380 3536 3769 3715 3361 3531 3592 3601 3605 3635 3539 3578 3436 28 Chemicals excluding medicinals 123148 29603 31694 31633 30218 30400 31200 29905 30771 31160 31311 30361 30271 29 Building materials except metals 13678 3299 3650 3519 3210 3343 3541 3411 3463 3438 3366 3421 3358 30 Other nonmetals 32625 7818 8397 8395 8015 8452 8836 7983 8123 8266 8253 8545 8549 31 Metals and nonmetallic products 131211 30146 32278 36403 32385 33655 33580 31165 31661 35306 33080 34485 32961 32 Steelmaking materials 14849 3056 4334 4141 3318 3173 3604 3479 3923 3846 3602 3547 3234 33 Iron and steel products 19626 4683 4981 4988 4974 5315 5190 4711 4790 4948 5177 5311 4995 34 Nonferrous metals 72291 16614 16676 20939 18062 18882 18105 17017 16826 20327 18120 19230 18230 35 Nonmonetary gold 34255 7723 6900 10528 9104 10319 9145 7723 6900 10528 9104 10319 9145 36 Other precious metals 11156 2700 3095 3009 2353 2246 2264 2700 3095 3009 2353 2246 2264 37 Other nonferrous metals 26880 6191 6682 7402 6605 6317 6696 6594 6832 6791 6663 6665 6821 38 Other metals and nonmetallic products 24446 5793 6286 6336 6032 6286 6682 5959 6122 6185 6181 6397 6503 39 Capital goods except automotive 493233 115207 123608 124660 129758 128919 132615 118335 122542 125479 126877 131210 131273 40 Machinery and equipment except consumer-type 407641 96292 102562 103155 105632 104886 108966 98818 101757 103184 103883 106531 107954 41 Electric generating machinery electric apparatus and parts 48291 11424 12171 12325 12371 12647 13535 11617 12087 12194 12393 12726 13436 42 Oil drilling mining and construction machinery 32927 7146 8257 8508 9016 8916 9634 7332 8063 8444 9090 9075 9413 43 Industrial engines pumps and compressors 28138 6329 7164 7143 7502 7521 7406 6616 7023 7197 7301 7770 7253 44 Machine tools and metalworking machinery 7759 1844 1952 2011 1951 1880 2001 1924 1912 2027 1896 1937 1958 45 Measuring testing and control instruments 23820 5767 5964 5905 6184 6201 6220 5883 5904 5957 6076 6262 6138 46 Other industrial agricultural and service industry machinery 91593 21397 23943 23125 23127 24009 25711 21832 22991 23299 23471 24310 24635 47 Computers peripherals and parts 48401 11350 11784 12251 13016 12543 12172 11833 12186 12301 12081 12960 12578 48 Semiconductors 44959 11363 11174 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2863 2907 3274 58 Trucks buses and special purpose vehicles 13841 3292 3925 3427 3197 3760 4232 3520 3597 3573 3151 4010 3878 59 Engines and engine parts 5068 1365 1206 1216 1281 1490 1587 1281 1176 1295 1316 1379 1561 60 Other parts and accessories 23295 6140 5784 5575 5795 6330 6685 5766 5488 5918 6122 5902 6400 61 To other areas 78636 17530 19378 19664 22065 21364 22639 18146 19192 20345 20954 22266 22389 62 Passenger cars new and used 35085 7550 8829 8283 10423 9685 10545 8006 8725 8805 9549 10395 10400 63 Trucks buses and special purpose vehicles 5547 964 1239 1509 1836 1238 1350 1106 1345 1500 1596 1407 1443 64 Engines and engine parts 9651 2349 2407 2462 2432 2608 2606 2351 2356 2510 2433 2614 2555 65 Other parts and accessories 28353 6667 6903 7410 7374 7834 8137 6682 6766 7529 7376 7850 7991 66 Consumer goods (nonfood) except automotive 174957 41794 44642 43688 44834 44212 46605 42263 43894 44288 44512 44092 45764 67 Nondurable goods 77687 18512 19736 19719 19720 19459 20939 18527 19546 19791 19823 19237 20706 68 Apparel footwear and household goods 9413 2147 2268 2516 2481 2443 2470 2221 2321 2404 2466 2498 2528 69 Medicinal dental and pharmaceutical products 44948 10827 11720 11099 11301 11184 12446 10548 11395 11499 11506 10742 12057 70 Other nondurable goods 23327 5537 5747 6103 5939 5832 6024 5759 5830 5887 5850 5997 6121 71 Durable goods 97271 23282 24905 23969 25114 24753 25666 23736 24348 24497 24689 24855 25057 72 Televisions video receivers and other video equipment 5703 1260 1322 1519 1603 1271 1192 1382 1391 1494 1436 1377 1263 73 Radio and stereo equipment including records tapes and disks 5465 1228 1187 1311 1738 1203 1267 1333 1337 1370 1424 1297 1418 74 Toys and sporting goods including bicycles 10512 2463 2531 2597 2921 2482 2515 2568 2546 2649 2749 2550 2534 75 Household and kitchen appliances and other household goods 34060 8089 8573 8567 8831 8992 9189 8244 8463 8647 8705 9035 9085 76 Household furnishings and related products 4127 959 1020 1080 1068 1086 1145 996 1031 1046 1054 1115 1157 77 Household and kitchen appliances 6886 1534 1717 1835 1800 1700 1828 1689 1713 1751 1734 1838 1824 78 Other household goods including cell phones 23047 5596 5836 5652 5963 6206 6216 5559 5719 5850 5918 6082 6103 79 Gems jewelry and collectibles 17327 4299 4476 3969 4583 4794 5187 4130 4334 4389 4474 4636 4990 80 Other durable goods 24205 5942 6817 6006 5438 6011 6317 6079 6277 5947 5901 5961 5768 81 Exports nec 51205 12789 12730 12843 12842 13603 13853 12847 12712 12847 12799 13661 13838

See the footnotes on pages 92ndash93

73 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashTable Ends [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basismdashContinues

82 Imports of goods balance of payments basis (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 83 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 84 Nonpetroleum products 1773529 412034 440609 459509 461377 447008 468878 430839 439978 448588 454124 463448 468549 85 Foods feeds and beverages 108242 25760 27746 26237 28499 28110 28088 25805 27188 27067 28181 28014 27558 86 Agricultural 84591 20731 21951 20052 21857 22609 22071 20143 21240 21082 22125 21904 21370 87 Coffee cocoa and sugar 11136 2720 2938 2648 2830 2800 2408 2507 2933 2769 2927 2559 2413 88 Green coffee 6908 1621 1807 1581 1899 1760 1511 1441 1795 1683 1989 1567 1515 89 Meat products and poultry 7740 1832 2080 1902 1926 2200 2351 1842 1977 1973 1947 2190 2226 90 Vegetables fruits nuts and preparations 23649 6630 6227 4963 5829 7003 6484 5642 5855 6010 6141 5972 6121 91 Wine beer and related products 8590 1981 2247 2146 2216 2095 2294 2176 2119 2110 2186 2268 2177 92 Other agricultural foods feeds and beverages 33476 7568 8459 8394 9055 8511 8533 7976 8355 8220 8924 8914 8434 93 Nonagricultural (fish distilled beverages etc) 23651 5029 5795 6184 6642 5500 6017 5662 5948 5985 6056 6110 6188 94 Fish and shellfish 16597 3530 4011 4476 4580 3881 4217 3963 4168 4217 4249 4286 4395 95 Whiskey and other alcoholic beverages 6308 1314 1585 1540 1870 1403 1637 1511 1580 1600 1617 1607 1629 96 Industrial supplies and materials 782120 179577 208699 204576 189268 190656 198798 187994 200494 196574 197058 198977 191139 97 Agricultural 14241 3353 3741 3527 3620 4052 4244 3259 3616 3659 3707 3901 4093 98 Nonagricultural products 767879 176225 204958 201049 185648 186604 194554 184735 196878 192915 193351 195075 187046 99 Energy products 488378 110352 131653 127881 118492 116478 121100 117734 125897 121031 123715 123825 115955

100 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 101 Natural gas 15293 4689 3636 3712 3256 2829 2158 4248 3905 3845 3296 2561 2320 102 Paper and paper base stocks 12588 3045 3207 3334 3002 2886 2895 3137 3220 3214 3017 2958 2910 103 Textile supplies and related materials 13420 3089 3548 3484 3299 3344 3715 3232 3403 3395 3390 3468 3564 104 Chemicals excluding medicinals 75374 18367 19575 19169 18263 19043 19493 17460 18863 19698 19353 18191 18866 105 Building materials except metals 19879 4536 5206 5359 4778 4883 5795 4942 4873 5018 5046 5261 5447 106 Other nonmetals 29219 6712 7422 7757 7329 7228 7980 7136 7256 7383 7445 7610 7808 107 Metals and nonmetallic products 129020 30123 34347 34065 30485 32742 33576 31094 33366 33175 31385 33763 32496 108 Steelmaking materials 9050 2144 2488 2418 2000 2575 2213 2369 2323 2214 2144 2884 2046 109 Iron and steel products 37273 8165 10328 9764 9015 10357 10933 8554 9930 9423 9366 10824 10460 110 Nonferrous metals 61184 15111 15824 15955 14294 14278 14356 15226 15628 15820 14510 14302 14163 111 Nonmonetary gold 16391 3806 4053 4278 4254 3910 4361 3806 4053 4278 4254 3910 4361 112 Other precious metals 15678 3972 4064 4041 3601 3517 3003 4056 4078 3953 3590 3526 3011 113 Bauxite and aluminum 11579 2688 2989 3147 2754 2927 2966 2707 2785 3116 2972 2939 2767 114 Other nonferrous metals 17537 4645 4718 4489 3685 3924 4026 4657 4713 4473 3693 3927 4024 115 Other metals and nonmetallic products 21513 4704 5707 5927 5176 5532 6074 4945 5484 5719 5365 5752 5826 116 Capital goods except automotive 513368 116979 128626 132280 135484 132112 140910 123222 127620 129474 133053 137656 139854 117 Machinery and equipment except consumer-type 473137 107833 118972 122649 123683 121873 129709 113981 118036 119892 121228 127381 128719 118 Electric generating machinery electric apparatus and parts 59464 13657 14970 15627 15210 15250 16664 14545 14864 14854 15201 16081 16530 119 Oil drilling mining and construction machinery 21829 4653 5572 5790 5815 6824 7482 4691 5473 5731 5933 6848 7371 120 Industrial engines pumps and compressors 21406 5112 5206 5589 5500 5887 6389 5081 5119 5537 5669 5782 6304 121 Machine tools and metalworking machinery 9744 1894 2323 2508 3019 2774 2954 2035 2326 2485 2898 2943 2951 122 Measuring testing and control instruments 17527 4063 4346 4630 4488 4433 4666 4224 4375 4523 4406 4555 4707 123 Other industrial agricultural and service industry machinery 94073 21983 23660 24097 24333 24786 26619 22536 23040 23975 24523 25138 25986 124 Computers peripherals and parts 119710 26133 30498 31186 31892 29301 31436 28539 30366 30452 30354 31631 31261 125 Semiconductors 40411 9578 10045 10304 10484 10741 9853 9931 10074 10094 10312 11050 9858 126 Telecommunications equipment 48494 11410 12229 12523 12332 11755 13194 12528 12268 12053 11645 12785 13271 127 Other office and business machines 4593 1043 1146 1190 1213 1068 1237 1145 1119 1140 1189 1156 1212 128 Scientific hospital and medical equipment and parts 35886 8306 8978 9205 9397 9055 9215 8725 9012 9049 9100 9413 9267 129 Civilian aircraft engines and parts 35548 8326 8555 8354 10313 8977 9683 8421 8485 8305 10337 9011 9617 130 Civilian aircraft complete all types 9892 2416 2115 1808 3553 2048 2341 2416 2115 1808 3553 2048 2340 131 Other transportation equipment 4683 820 1099 1277 1488 1263 1518 820 1099 1277 1488 1263 1518 132 Automotive vehicles parts and engines 255222 61791 58754 64585 70092 72494 74922 62945 58211 66326 67740 73526 74661 133 From Canada 56541 13990 14091 13084 15376 15749 16687 13801 13428 14128 15183 15491 15964 134 Passenger cars new and used 38453 9490 9514 8685 10763 10805 11619 9430 9054 9413 10555 10683 11102 135 Trucks buses and special purpose vehicles 2096 398 436 504 757 538 568 458 462 541 635 625 596 136 Engines and engine parts 3515 942 929 828 816 944 1017 895 863 925 832 889 947 137 Other parts and accessories 12477 3160 3211 3067 3040 3462 3483 3018 3050 3248 3161 3295 3320 138 From other areas 198681 47802 44663 51501 54716 56745 58235 49144 44782 52198 52557 58035 58697 139 Passenger cars new and used 84137 20683 16715 22201 24538 24160 24385 21961 17277 22669 22230 25694 25194 140 Trucks buses and special purpose vehicles 18142 4053 4541 4782 4767 4959 4975 4176 4448 5078 4441 5128 4919 141 Engines and engine parts 20884 4948 5072 5315 5549 5957 6074 4904 4998 5319 5663 5817 6016 142 Other parts and accessories 75518 18117 18335 19203 19862 21669 22801 18102 18059 19133 20224 21395 22567

143 Consumer goods (nonfood) except automotive 517394 117755 126831 137971 134837 119060 126166 128201 130435 128534 130223 128055 130000 144 Nondurable goods 243930 56402 60191 67581 59756 57503 59149 59672 62097 61278 60883 60174 61175 145 Apparel footwear and household goods 125735 28108 30205 37621 29801 29316 29924 30551 32234 32053 30897 31549 32079 146 Medicinal dental and pharmaceutical products 91750 22207 23190 22983 23370 21886 22152 22616 23215 22565 23355 21977 22157 147 Other nondurable goods 26445 6087 6796 6977 6584 6301 7073 6505 6649 6659 6631 6648 6939 148 Durable goods 273464 61354 66639 70390 75081 61557 67017 68529 68337 67257 69341 67881 68825 149 Televisions video receivers and other video equipment 33514 7322 8062 8332 9798 6939 8028 8947 8540 8053 7974 8367 8546 150 Radio and stereo equipment including records tapes and disks 9818 2047 2138 2585 3048 2253 2306 2530 2432 2398 2458 2754 2621 151 Toys and sporting goods including bicycles 35577 7481 7495 10007 10595 7820 7863 9089 8743 8910 8836 9350 9152 152 Household and kitchen appliances and other household goods 136399 31154 34019 34409 36817 31134 34183 33717 33631 32875 36176 33157 33816 153 Household furnishings and related products 23669 5628 6215 5949 5877 6132 6780 5814 5892 5884 6080 6247 6431 154 Household and kitchen appliances 20972 4763 5878 5311 5020 5022 6387 5106 5183 5302 5381 5324 5648 155 Other household goods including cell phones 91758 20763 21926 23148 25920 19980 21015 22798 22556 21689 24715 21586 21737 156 Gems jewelry and collectibles 23675 5299 5644 6052 6681 5429 5572 5656 6102 6097 5819 5782 6054 157 Other durable goods 34481 8051 9282 9005 8143 7981 9065 8590 8889 8923 8078 8471 8636 158 Imports nec and US goods returned 59474 13749 15377 14958 15390 16302 16679 14108 15398 14803 15165 16594 16687 159 US goods returned 41619 9417 10905 10360 10937 11821 12100 9776 10926 10206 10713 12114 12109 160 Other products including balance of payments adjustments not included

above (minimum value shipments and miscellaneous imports) 17854 4332 4472 4597 4453 4480 4578 4332 4472 4597 4453 4480 4578

See the footnotes on pages 92ndash93

74 US International Transactions October 2012

Table 3 Private Services Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Exports of private services 586839 140041 144187 156346 146265 148140 149718 143455 147028 150217 146137 150759 152382

2 Travel (table 1 line 6) 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 3 Passenger fares (table 1 line 7) 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 4 Other transportation (table 1 line 8) 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 5 Freight 21730 5062 5517 5572 5579 5276 5613 5225 5453 5537 5514 5388 5492 6 Port services 21334 5246 5304 5453 5331 5423 5431 5295 5307 5419 5313 5475 5439

7 Royalties and license fees (table 1 line 9) By type 1

120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

8 Industrial processes 2 43952 10977 10730 11069 11175 11026 11393 10977 10730 11069 11175 11026 11393 9 Other 3

By affiliation 76884 17742 19680 19137 20325 18649 19598 18427 19613 19986 18858 19403 19542

10 US parentsrsquo receipts from their foreign affiliates 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 11 US affiliatesrsquo receipts from their foreign parent groups 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362 12 US receipts from unaffiliated foreigners 43757 10584 10809 10746 11617 11122 11804 10878 10662 11603 10614 11475 11674

13 Other private services (table 1 line 10) By type 1

270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476

14 Education 22726 9345 2756 6388 4236 9930 2927 5543 5636 5732 5815 5892 5988 15 Financial services 74055 18490 18877 19012 17676 17712 17725 18490 18877 19012 17676 17712 17725 16 Insurance services 15477 3795 3771 3895 4017 3895 3943 3795 3771 3895 4017 3895 3943 17 Telecommunications 12650 3057 3138 3306 3149 3297 3324 3057 3138 3306 3149 3297 3324 18 Business professional and technical services 134416 32142 32903 33620 35751 33848 35165 34206 33462 33418 33330 35336 35775 19 Other services 4

By affiliation 10870 2658 2701 2761 2750 2700 2721 2658 2701 2761 2750 2700 2721

20 US parentsrsquo receipts from their foreign affiliates 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 21 US affiliatesrsquo receipts from their foreign parent groups 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531 22 US receipts from unaffiliated foreigners 181770 48241 42281 47247 44002 49292 42993 45688 45350 46052 44680 45928 46227

23 Imports of private services 393065 89942 100367 104120 98635 96027 105608 94984 97522 100767 99791 101605 102494 24 Travel (table 1 line 23) 78651 16469 22193 22808 17181 18430 24034 19257 19628 19895 19871 21228 21387 25 Passenger fares (table 1 line 24) 31109 7204 8241 8229 7435 8263 9446 7542 7698 7946 7923 8936 8821 26 Other transportation (table 1 line 25) 54711 13110 13634 14148 13819 13337 13837 13439 13736 13767 13769 13716 13842 27 Freight 40337 9676 10089 10445 10127 9952 10371 9909 10214 10180 10034 10237 10398 28 Port services 14374 3434 3545 3703 3692 3385 3466 3530 3522 3587 3735 3479 3444

29 Royalties and license fees (table 1 line 26) By type 1

36620 8941 8451 9274 9955 9856 9955 8921 8543 9503 9652 9859 10040

30 Industrial processes 2 22633 5211 5166 5958 6298 6134 6402 5232 5175 6073 6153 6178 6404 31 Other 3

By affiliation 13987 3729 3285 3316 3657 3722 3553 3689 3369 3430 3499 3682 3636

32 US parentsrsquo payments to their foreign affiliates 6962 1543 1625 1875 1919 1867 1945 1543 1625 1875 1919 1867 1945 33 US affiliatesrsquo payments to their foreign parent groups 19253 5032 4398 4596 5227 5220 5287 5088 4437 4834 4894 5294 5327 34 US payments to unaffiliated foreigners 10405 2365 2428 2803 2809 2769 2722 2290 2482 2794 2840 2698 2767

35 Other private services (table 1 line 27) By type 1

191973 44219 47848 49661 50246 46140 48336 45825 47916 49656 48576 47866 48404

36 Education 5888 1113 1495 1980 1300 1171 1576 1451 1463 1475 1498 1525 1543 37 Financial services 16207 4083 4212 3906 4006 3915 3973 4083 4212 3906 4006 3915 3973 38 Insurance services 56619 13495 14161 14869 14094 13203 13311 13495 14161 14869 14094 13203 13311 39 Telecommunications 7690 1973 1871 1976 1870 1806 1812 1973 1871 1976 1870 1806 1812 40 Business professional and technical services 104773 23355 25909 26729 28780 25843 27461 24623 26009 27229 26912 27214 27561 41 Other services 4

By affiliation 797 199 201 201 196 204 205 199 201 201 196 204 205

42 US parentsrsquo payments to their foreign affiliates 57245 12590 13993 14874 15789 13842 15217 13495 13874 15063 14814 14807 15091 43 US affiliatesrsquo payments to their foreign parent groups 24910 5564 6149 6184 7013 6528 6629 5774 6344 6301 6491 6779 6828 44 US payments to unaffiliated foreigners

Supplemental detail on insurance transactions

109818 26065 27707 28603 27443 25771 26490 26556 27698 28292 27271 26280 26485

45 Premiums received 5 26571 6577 6438 6662 6895 6754 6879 6577 6438 6662 6895 6754 6879 46 Actual losses paid 22043 8870 4427 4401 4345 4268 4182 8870 4427 4401 4345 4268 4182

47 Premiums paid 5 92552 21284 22845 24854 23568 22288 22844 21284 22845 24854 23568 22288 22844 48 Actual losses recovered

Memoranda

60443 14462 15095 15459 15427 15042 14369 14462 15095 15459 15427 15042 14369

49 Balance on goods (table 1 line 72) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 50 Balance on private services (line 1 minus line 23) 193774 50098 43820 52226 47629 52113 44110 48471 49506 49450 46346 49154 49889 51 Balance on goods and private services (lines 49 and 50) ndash544639 ndash109353 ndash146657 ndash149927 ndash138703 ndash120899 ndash145234 ndash132887 ndash137678 ndash131167 ndash142908 ndash145144 ndash135901

See the footnotes on pages 92ndash93

75 October 2012 SURVEY OF CURRENT BUSINESS

Table 4 Investment Income [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Income receipts on US-owned assets abroad (table 1 line 13) 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595

2 Direct investment receipts (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 3 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 4 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942

5 Other private receipts (table 1 line 15) 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803

6 Income on foreign securities 217968 50866 54343 57039 55721 56615 61114 50866 54343 57039 55721 56615 61114 7 Dividends 137315 31141 34338 36522 35315 36670 41254 31141 34338 36522 35315 36670 41254 8 Interest 80653 19725 20005 20517 20406 19945 19861 19725 20005 20517 20406 19945 19861

9 Interest on claims reported by banks and securities brokers 1 23922 5881 6123 5643 6276 5906 5207 5881 6123 5643 6276 5906 5207 10 For own claims 20941 5038 5411 4966 5526 5276 4665 5038 5411 4966 5526 5276 4665 11 For customersrsquo claims 2981 843 712 677 750 630 543 843 712 677 750 630 543

12 Interest on claims reported by nonbanking concerns 14760 3515 3658 3680 3907 3625 3481 3515 3658 3680 3907 3625 3481

13 US government receipts (table 1 line 16) 2 1923 379 502 524 518 624 499 445 506 527 444 763 499

14 Income payments on foreign-owned assets in the United States (table 1 line 30) 503796 122119 131175 127193 123310 130262 128398 124863 129835 125508 123590 133885 127173

15 Direct investment payments (table 1 line 31) 158559 37147 45195 39946 36272 41962 39144 39891 43855 38261 36552 45585 37919 16 Earnings 132889 31715 38625 33092 29457 35678 32479 33922 37236 31448 30283 38556 31221 17 Interest 25670 5432 6569 6854 6815 6284 6665 5970 6619 6813 6268 7029 6698

18 Other private payments (table 1 line 32) 212506 51501 53193 54157 53655 55396 56528 51501 53193 54157 53655 55396 56528

19 Income on US corporate securities 191403 46501 47969 49082 47851 49620 51088 46501 47969 49082 47851 49620 51088 20 Dividends 73272 17615 18297 19122 18239 20551 21994 17615 18297 19122 18239 20551 21994 21 Interest 118131 28886 29672 29961 29613 29069 29095 28886 29672 29961 29613 29069 29095

22 Interest on liabilities reported by banks and securities brokers 3 13845 3343 3421 3294 3788 3742 3488 3343 3421 3294 3788 3742 3488 23 For own liabilities 8873 2111 2116 2109 2537 2453 2298 2111 2116 2109 2537 2453 2298 24 For customersrsquo liabilities 4973 1232 1305 1185 1251 1288 1190 1232 1305 1185 1251 1288 1190

25 Interest on liabilities reported by nonbanking concerns 7258 1657 1804 1781 2016 2035 1952 1657 1804 1781 2016 2035 1952

26 US government payments (table 1 line 33) 4

Memorandum

132731 33471 32787 33090 33383 32904 32726 33471 32787 33090 33383 32904 32726

27 Balance on investment income (line 1 minus line 14) 235013 56306 60286 59989 58432 52167 59343 54465 58212 60486 61851 49345 57422

See the footnotes on pages 92ndash93

76 US International Transactions October 2012

Table 5 US Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars]

Line (Credits + decrease in US assets or increase in foreign assets Debits ndash increase in US assets or decrease in foreign assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 US official reserve assets net (table 1 line 41) ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 556620 2 Gold (table 1 line 42) 0 0 0 0 0 0 0 418006 3 Special drawing rights (table 1 line 43) 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 54341 4 Reserve position in the International Monetary Fund (table 1 line 44) ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 33930 5 Foreign currencies (table 1 line 45) 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 50343

B1 Foreign official assets in the United States net (table 1 line 56) By instrument

211826 72974 121822 19889 ndash2859 69711 83010 5446436

2 US Treasury securities (table 1 line 58) 171179 56274 104363 28115 ndash17573 85068 84870 3820294 3 Bills and certificates ndash103432 ndash44574 ndash5335 ndash25726 ndash27797 ndash724 7606 366603 4 Bonds and notes marketable 274493 100820 109668 53811 10194 85762 77233 3452104 5 Bonds and notes nonmarketable 118 28 30 30 30 30 31 1587 6 Other US government securities (table 1 line 59) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 609996 7 Other US government liabilities (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 124248 8 US liabilities reported by US banks and securities brokers (table 1 line 61) 30010 ndash3090 15764 5121 12215 ndash19305 5982 196406 9 Liabilities for own accounts 1 42762 628 12578 8708 20848 ndash19636 9591 185597

10 Repurchase agreements 41101 7350 4198 12123 17430 ndash3161 892 127866 11 Deposits and brokerage balances 2 5151 ndash1073 7768 ndash4856 3312 ndash10349 6565 51909 12 Other liabilities ndash3490 ndash5649 612 1441 106 ndash6126 2134 5822 13 Liabilities for customersrsquo accounts 1 ndash12752 ndash3718 3186 ndash3587 ndash8633 331 ndash3609 10809 14 Negotiable certificates of deposit and other short-term instruments ndash12751 ndash3718 3187 ndash3587 ndash8633 331 ndash3609 10776 15 Other liabilities ndash1 () ndash1 () () () () 33 16 Other foreign official assets (table 1 line 62)

By area

14018 5631 6638 1232 517 752 3621 695492

17 Europe 38811 23443 21041 37333 ndash43006 10712 33045 788398 18 Canada 3872 ndash212 3777 ndash2001 2308 ndash535 ndash695 25243 19 Latin America and Caribbean 49694 26680 18074 ndash810 5750 7983 24414 458633 20 Asia 127278 29076 72931 ndash12181 37452 53413 22047 4037369 21 Africa ndash11843 ndash2296 1148 ndash7060 ndash3635 ndash3308 3131 44750 22 Other 4014 ndash3717 4851 4608 ndash1728 1446 1068 92043

See the footnotes on pages 92ndash93

77 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 Selected US Government Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 US government grants and transactions increasing government assets total

By category

155507 12321 16931 13426 112830 ndash38814 ndash4439

2 Grants net 48508 11165 14315 11476 11552 11911 11657 3 US government current grants net (table 1 line 36 with sign reversed) 47350 11136 13486 11176 11551 11910 11657 4 Financing military purchases 1 17043 3835 6302 3166 3741 5304 4266 5 Other grants 30307 7302 7184 8010 7811 6605 7392 6 Cash contributions received from coalition partners for Persian Gulf operations 7 Debt forgiveness (table 1 part of line 39 with sign reversed) 1158 29 829 300 1 1 0

8 Credits and other long-term assets (table 1 line 47 with sign reversed) 7307 1307 2337 1396 2267 2631 2393 9 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753

10 Credits repayable in US dollars 4742 738 877 970 2158 2267 640 11 Credits repayable in other than US dollars 0 0 0 0 0 0 0 12 Other long-term assets 0 0 0 0 0 0 0

13 Foreign currency holdings and short-term assets net (table 1 line 49 with sign reversed) 99692 ndash150 279 553 99010 ndash53356 ndash18489 14 Foreign currency holdings (excluding administrative cash holdings) net

Receipts from 0 0 0 0 0 0 0

15 Sales of agricultural commodities 0 0 0 0 0 0 0 16 Interest 0 0 0 0 0 0 0 17 Repayments of principal 0 0 0 0 0 0 0 18 Reverse grants 0 0 0 0 0 0 0 19 Other sources

Less currencies disbursed for 0 0 0 0 0 0 0

20 Grants and credits in the recipientrsquos currency 0 0 0 0 0 0 0 21 Other grants and credits 0 0 0 0 0 0 0 22 Other US government expenditures 0 0 0 0 0 0 0 23 Assets acquired in performance of US government guarantee and insurance obligations net ndash113 ndash112 ndash12 7 4 2 2 24 Other assets held under Commodity Credit Corporation Charter Act net 0 0 0 0 0 0 0 25 Assets financing military sales contracts net 2 0 0 0 0 0 0 0 26 Other short-term assets (including changes in administrative cash holdings) net 9

By program

99806 ndash39 291 546 99007 ndash53358 ndash18491

27 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753 28 Under Agricultural Trade Development and Assistance Act and related programs 1785 452 444 444 445 443 445 29 Under Foreign Assistance Act and related programs 44105 10363 12642 10445 10655 11122 10490 30 Under Export-Import Bank Act 4733 418 1612 704 1998 2193 507 31 Under Commodity Credit Corporation Charter Act 63 50 1 8 4 2 2 32 Under other grant and credit programs 2451 508 480 852 612 420 855 33 Other foreign currency assets acquired (lines A16 A17 and A19) 0 0 0 0 0 0 0 34 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 35 Other (including changes in administrative cash holdings) net 9

By disposition 3

99806 ndash39 291 546 99007 ndash53358 ndash18491

36 Estimated transactions involving no direct dollar outflow from the United States 39588 8587 12036 8695 10270 11313 8804 37 Expenditures on US goods 10582 1708 3370 2104 3400 3303 3074 38 Expenditures on US services 4 11865 2860 2837 3050 3118 2697 2754 39 Financing of military sales contracts by US government 5 (line C6) 15740 3834 5003 3161 3741 5303 2966 40 By long-term credits 0 0 0 0 0 0 0 41 By short-term credits 1 0 0 0 0 0 0 0 42 By grants 1 15740 3834 5003 3161 3741 5303 2966 43 US government grants and credits to repay prior US government credits 1 4 1475 265 831 371 7 8 8 44 US government long- and short-term credits to repay prior US private credits 6 and other assets ndash59 ndash79 6 11 4 2 2 45 Increase in liabilities associated with US government grants and transactions increasing government assets

(including changes in retained accounts) 7 (line C11) 0 0 0 0 0 0 0 46 Less receipts on short-term US government assets (a) financing military sales contracts 1 (b) financing

repayment of private credits and other assets and (c) financing expenditures on US goods 14 2 11 1 0 0 0 47 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9 115919 3735 4895 4730 102560 ndash50127 ndash13243

B1 Repayments on US government long-term assets total (table 1 line 48) 3333 610 1259 812 653 352 630 2 Receipts of principal on US government credits 3333 610 1259 812 653 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 113 165 63 92 4 Under Foreign Assistance Act and related programs 1289 406 160 562 162 128 156 5 Under Export-Import Bank Act 1608 119 1043 125 321 143 374 6 Under Commodity Credit Corporation Charter Act 33 8 8 12 5 18 8 7 Under other credit programs 0 0 0 0 0 0 0 8 Receipts on other long-term assets 0 0 0 0 0 0 0

C1 US government liabilities other than securities total net increase (+) (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 2 Associated with military sales contracts 2 9063 2714 2236 2287 1826 2833 2682 3 US government cash receipts from foreign governments (including principal repayments on credits financing

military sales contracts) net of refunds 1 20568 5499 4188 6357 4524 5126 5927 4 Less US government receipts from principal repayments 64 21 3 37 3 20 3 5 Less US Treasury securities issued in connection with prepayments for military purchases in the United States ndash300 ndash200 ndash100 0 0 600 0 6 Plus financing of military sales contracts by US government 5 (line A39) 15740 3834 5003 3161 3741 5303 2966 7 By long-term credits 0 0 0 0 0 0 0 8 By short-term credits 1 0 0 0 0 0 0 0 9 By grants 1 15740 3834 5003 3161 3741 5303 2966

10 Less transfers of goods and services (including transfers financed by grants for military purchases and by credits) 1 2 (table 1 line 5 and part of table 1 line 3) 27480 6799 7053 7193 6436 6975 6207

11 Associated with US government grants and transactions increasing Government assets (including changes in retained accounts) 7 (line A45) 0 0 0 0 0 0 0

12 Associated with other liabilities 0 0 0 0 0 0 0 13 Sales of nuclear material by Department of EnergyUS Enrichment Corporation 8 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 0 0 0 0 15 Other sales and miscellaneous operations 10 0 0 0 0 0 0 0

See the footnotes on pages 92ndash93

78 US International Transactions October 2012

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashContinues [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

US direct investment abroad 1 Income (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 2 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 3 Distributed earnings 124644 23504 22427 22871 55842 23865 21390 32210 27222 33572 31641 32869 27378 4 Reinvested earnings 348639 92627 102644 95678 57690 89929 94107 84759 94430 83786 85664 81587 84973 5 Reinvested earnings without current-cost adjustment 325963 86892 96963 90037 52071 84286 88464 79024 88749 78145 80045 75944 79330 6 Current-cost adjustment 22676 5735 5681 5641 5619 5643 5643 5735 5681 5641 5619 5643 5643 7 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 8 US parentsrsquo receipts 9283 2227 2339 2330 2388 2441 2514 2227 2339 2330 2388 2441 2514 9 US parentsrsquo payments ndash2328 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572

10 Income without current-cost adjustment 457562 112049 121155 114656 109702 110017 111796 112886 117736 113465 113475 110678 108650 11 Manufacturing 73806 17966 18899 20074 16867 17028 18022 18913 18394 18633 17866 17837 17522 12 Wholesale trade 29989 7093 7704 7682 7510 7426 7811 7646 7305 7889 7149 7880 7533 13 Finance (including depository institutions) and insurance 43794 10295 12580 11150 9769 11997 10863 10264 11780 10753 10997 11970 10134 14 Holding companies except bank holding companies 221295 56322 59376 52965 52633 51753 53045 55691 57661 53403 54541 51180 51405 15 Other 88678 20373 22596 22786 22922 21812 22056 20373 22596 22786 22922 21812 22056

16 Earnings without current-cost adjustment (line 2 less line 6) 450607 110396 119390 112908 107913 108151 109854 111234 115971 111716 111685 108813 106708 17 Manufacturing 73186 17813 18746 19933 16693 16878 17898 18761 18241 18492 17692 17686 17399 18 Wholesale trade 29714 7033 7631 7613 7437 7330 7722 7586 7232 7821 7075 7783 7445 19 Finance (including depository institutions) and insurance 43417 10189 12489 11058 9681 11912 10710 10158 11689 10662 10909 11885 9981 20 Holding companies except bank holding companies 217489 55471 58407 51986 51626 50686 51960 54839 56692 52424 53534 50112 50320 21 Other 86801 19890 22117 22318 22476 21346 21564 19890 22117 22318 22476 21346 21564

22 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 23 Manufacturing 620 153 153 141 174 150 123 153 153 141 174 150 123 24 Wholesale trade 275 59 73 69 74 96 89 59 73 69 74 96 89 25 Finance (including depository institutions) and insurance 1 377 106 91 92 88 85 153 106 91 92 88 85 153 26 Holding companies except bank holding companies 3806 851 969 978 1007 1068 1085 851 969 978 1007 1068 1085 27 Other 1877 483 479 468 447 466 492 483 479 468 447 466 492 28 Financial flows (table 1 line 51) ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 29 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 30 Increases in equity ndash96679 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 31 Decreases in equity 44289 10804 9498 15550 8437 9955 3899 10804 9498 15550 8437 9955 3899 32 Reinvested earnings (line 4 with sign reversed) ndash348639 ndash92627 ndash102644 ndash95678 ndash57690 ndash89929 ndash94107 ndash84759 ndash94430 ndash83786 ndash85664 ndash81587 ndash84973 33 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 34 US parentsrsquo receivables ndash51927 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 35 US parentsrsquo payables 33625 12990 11539 13072 ndash3976 ndash10998 5502 12990 11539 13072 ndash3976 ndash10998 5502

36 Financial flows without current-cost adjustment ndash396656 ndash106537 ndash135929 ndash76575 ndash77615 ndash118793 ndash82721 ndash98669 ndash127716 ndash64682 ndash105589 ndash110451 ndash73586 37 Manufacturing ndash59177 ndash16194 ndash18091 ndash13990 ndash10902 ndash26301 ndash12029 ndash15541 ndash17844 ndash11563 ndash14229 ndash25696 ndash11657 38 Wholesale trade ndash24274 ndash5575 ndash9735 ndash4201 ndash4762 ndash13024 ndash7336 ndash5524 ndash9400 ndash4178 ndash5172 ndash12642 ndash7057 39 Finance (including depository institutions) and insurance ndash28020 ndash14300 ndash10263 ndash1251 ndash2206 ndash12624 ndash10334 ndash13175 ndash8485 1349 ndash7709 ndash11461 ndash9030 40 Holding companies except bank holding companies ndash207586 ndash56964 ndash63460 ndash40885 ndash46277 ndash41493 ndash42723 ndash50998 ndash58733 ndash35655 ndash62199 ndash35138 ndash36610 41 Other ndash77600 ndash13505 ndash34380 ndash16247 ndash13468 ndash25350 ndash10299 ndash13431 ndash33254 ndash14635 ndash16280 ndash25515 ndash9231

42 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 43 Manufacturing ndash10282 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 44 Wholesale trade ndash196 1012 ndash731 ndash360 ndash117 ndash36 ndash165 1012 ndash731 ndash360 ndash117 ndash36 ndash165 45 Finance (including depository institutions) and insurance 3005 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 46 Holding companies except bank holding companies ndash29277 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 47 Other ndash15641

48 Reinvested earnings without current-cost adjustment (line 5

699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998 699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998

with sign reversed) ndash325963 ndash86892 ndash96963 ndash90037 ndash52071 ndash84286 ndash88464 ndash79024 ndash88749 ndash78145 ndash80045 ndash75944 ndash79330 49 Manufacturing ndash55516 ndash15571 ndash12341 ndash16403 ndash11200 ndash15084 ndash15008 ndash14919 ndash12094 ndash13976 ndash14527 ndash14479 ndash14637 50 Wholesale trade ndash23262 ndash6343 ndash5714 ndash5598 ndash5608 ndash6423 ndash5596 ndash6292 ndash5379 ndash5575 ndash6017 ndash6040 ndash5317 51 Finance (including depository institutions) and insurance ndash24211 ndash7544 ndash9071 ndash8164 568 ndash8364 ndash8540 ndash6420 ndash7293 ndash5564 ndash4935 ndash7201 ndash7237 52 Holding companies except bank holding companies ndash156816 ndash43701 ndash51718 ndash40749 ndash20648 ndash37529 ndash40949 ndash37735 ndash46991 ndash35520 ndash36570 ndash31174 ndash34836 53 Other ndash66157 ndash13733 ndash18120 ndash19122 ndash15183 ndash16886 ndash18371 ndash13659 ndash16993 ndash17510 ndash17995 ndash17050 ndash17303

54 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 55 Manufacturing 6620 348 ndash2426 5502 3196 ndash11030 4064 348 ndash2426 5502 3196 ndash11030 4064 56 Wholesale trade ndash815 ndash244 ndash3290 1757 963 ndash6566 ndash1574 ndash244 ndash3290 1757 963 ndash6566 ndash1574 57 Finance (including depository institutions) and insurance 2 ndash6814 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 58 Holding companies except bank holding companies ndash21492 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 59 Other 4199 ndash471 ndash2630 4386 2914 ndash5022 9070 ndash471 ndash2630 4386 2914 ndash5022 9070

60 Royalties and license fees net 66130 15584 17100 16678 16768 15386 15879 15975 17181 16669 16305 15787 15954 61 US parentsrsquo receipts (table 1 part of line 9) 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 62 US parentsrsquo payments (table 1 part of line 26) ndash6962 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945

63 Other private services net 1656 1528 641 ndash613 101 1120 391 1108 879 ndash509 179 643 628 64 US parentsrsquo receipts (table 1 part of line 10) 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 65 US parentsrsquo payments (table 1 part of line 27) ndash57245 ndash12590 ndash13993 ndash14874 ndash15789 ndash13842 ndash15217 ndash13495 ndash13874 ndash15063 ndash14814 ndash14807 ndash15091

See the footnotes on pages 92ndash93

79 October 2012 SURVEY OF CURRENT BUSINESS

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashTable Ends [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Foreign direct investment in the United States 66 Income (table 1 line 31) ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 67 Earnings ndash132889 ndash31715 ndash38625 ndash33092 ndash29457 ndash35678 ndash32479 ndash33922 ndash37236 ndash31448 ndash30283 ndash38556 ndash31221 68 Distributed earnings ndash45500 ndash6356 ndash11011 ndash10722 ndash17411 ndash8671 ndash12651 ndash9436 ndash12068 ndash14213 ndash9783 ndash12745 ndash15395 69 Reinvested earnings ndash87389 ndash25359 ndash27614 ndash22370 ndash12046 ndash27007 ndash19829 ndash24486 ndash25168 ndash17235 ndash20500 ndash25811 ndash15826 70 Reinvested earnings without current-cost adjustment ndash80338 ndash23529 ndash25842 ndash20637 ndash10330 ndash25251 ndash18066 ndash22656 ndash23396 ndash15502 ndash18784 ndash24055 ndash14063 71 Current-cost adjustment ndash7051 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 72 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 73 US affiliatesrsquo payments ndash30005 ndash6234 ndash7717 ndash7996 ndash8058 ndash7425 ndash7785 ndash6772 ndash7767 ndash7955 ndash7511 ndash8170 ndash7818 74 US affiliatesrsquo receipts 4335 802 1148 1142 1243 1141 1120 802 1148 1142 1243 1141 1120

75 Income without current-cost adjustment ndash151508 ndash35317 ndash43423 ndash38213 ndash34556 ndash40206 ndash37381 ndash38061 ndash42083 ndash36528 ndash34836 ndash43829 ndash36156 76 Manufacturing ndash64899 ndash12720 ndash16789 ndash18633 ndash16757 ndash17145 ndash16242 ndash15303 ndash15493 ndash16911 ndash17192 ndash20617 ndash15061 77 Wholesale trade ndash16259 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 78 Finance (including depository institutions) and insurance ndash21752 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 79 Other ndash48598 ndash11079 ndash12703 ndash13082 ndash11734 ndash12044 ndash13192 ndash11241 ndash12660 ndash13119 ndash11579 ndash12195 ndash13147

80 Earnings without current-cost adjustment (line 67 less line 71) ndash125838 ndash29885 ndash36853 ndash31359 ndash27741 ndash33922 ndash30716 ndash32092 ndash35464 ndash29715 ndash28567 ndash36800 ndash29458 81 Manufacturing ndash55386 ndash10798 ndash14394 ndash16015 ndash14178 ndash14244 ndash13364 ndash13005 ndash13005 ndash14370 ndash15005 ndash17122 ndash12106 82 Wholesale trade ndash14661 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 83 Finance (including depository institutions) and insurance ndash20365 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 84 Other ndash35426 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065

85 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 86 Manufacturing ndash9514 ndash1922 ndash2395 ndash2618 ndash2579 ndash2901 ndash2878 ndash2298 ndash2488 ndash2541 ndash2187 ndash3495 ndash2956 87 Wholesale trade ndash1598 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 88 Finance (including depository institutions) and insurance 1 ndash1386 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 89 Other ndash13172 ndash2838 ndash3393 ndash3481 ndash3460 ndash2792 ndash3127 ndash2999 ndash3350 ndash3518 ndash3305 ndash2943 ndash3082

90 Financial flows (table 1 line 64) 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 91 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 92 Increases in equity 132936 17222 36517 35875 43322 15340 18046 17222 36517 35875 43322 15340 18046 93 Decreases in equity ndash39712 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 94 Reinvested earnings (line 69 with sign reversed) 87389 25359 27614 22370 12046 27007 19829 24486 25168 17235 20500 25811 15826 95 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 96 US affiliatesrsquo payables 43290 11769 7883 7075 16563 7349 14733 11769 7883 7075 16563 7349 14733 97 US affiliatesrsquo receivables 10085 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715

98 Financial flows without current-cost adjustment 226937 32409 61955 66624 65949 21642 35719 31535 59509 61489 74404 20446 31716 99 Manufacturing 90883 13314 22501 34763 20305 4194 18099 13977 19299 31624 25983 5897 13762

100 Wholesale trade 25675 5885 4278 ndash211 15723 7844 3673 5885 4278 ndash211 15723 7844 3673 101 Finance (including depository institutions) and insurance 26470 4236 9275 4803 8156 ndash5065 5212 3421 9488 4363 9198 ndash6455 5039 102 Other 83908 8973 25900 27269 21765 14669 8735 8251 26443 25713 23500 13159 9242

103 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 104 Manufacturing 35349 5742 11529 6542 11536 ndash39 5875 5742 11529 6542 11536 ndash39 5875 105 Wholesale trade ndash67 370 878 ndash2425 1111 866 ndash77 370 878 ndash2425 1111 866 ndash77 106 Finance (including depository institutions) and insurance 23959 2776 5921 10935 4326 ndash7581 5007 2776 5921 10935 4326 ndash7581 5007 107 Other 33983 ndash1312 12153 10495 12647 8773 831 ndash1312 12153 10495 12647 8773 831

108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80338 23529 25842 20637 10330 25251 18066 22656 23396 15502 18784 24055 14063

109 Manufacturing 39912 8869 12425 14871 3748 11842 9086 9532 9223 11732 9426 13545 4749 110 Wholesale trade 9572 2669 3983 1139 1781 3052 3517 2669 3983 1139 1781 3052 3517 111 Finance (including depository institutions) and insurance 5528 5221 3553 ndash3602 356 3718 ndash1022 4407 3766 ndash4043 1398 2328 ndash1195 112 Other 25326 6770 5881 8230 4445 6639 6484 6048 6424 6673 6180 5130 6991

113 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 114 Manufacturing 15621 ndash1297 ndash1453 13350 5021 ndash7609 3138 ndash1297 ndash1453 13350 5021 ndash7609 3138 115 Wholesale trade 16170 2846 ndash583 1075 12831 3926 233 2846 ndash583 1075 12831 3926 233 116 Finance (including depository institutions) and insurance 2 ndash3017 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 117 Other 24599 3515 7867 8544 4673 ndash744 1420 3515 7867 8544 4673 ndash744 1420

118 Royalties and license fees net ndash15266 ndash4024 ndash3523 ndash3688 ndash4031 ndash3920 ndash3926 ndash4080 ndash3561 ndash3927 ndash3698 ndash3994 ndash3965 119 US affiliatesrsquo payments (table 1 part of line 26) ndash19253 ndash5032 ndash4398 ndash4596 ndash5227 ndash5220 ndash5287 ndash5088 ndash4437 ndash4834 ndash4894 ndash5294 ndash5327 120 US affiliatesrsquo receipts (table 1 part of line 9) 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362

121 Other private services net 4611 1565 1082 1291 673 601 575 1684 1137 1217 573 676 703 122 US affiliatesrsquo payments (table 1 part of line 27) ndash24910 ndash5564 ndash6149 ndash6184 ndash7013 ndash6528 ndash6629 ndash5774 ndash6344 ndash6301 ndash6491 ndash6779 ndash6828 123 US affiliatesrsquo receipts (table 1 part of line 10) 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531

See the footnotes on pages 92ndash93

80 US International Transactions October 2012

Table 8 Transactions in Long-Term Securities [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 Foreign securities net purchases (ndash) or net sales (+) by US residents (table 1 line 52 or lines 4 + 18 below) ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 2 Stocks gross purchases by US residents 4058569 1115382 1041556 1025031 876600 945740 881122 3 Stocks gross sales by US residents 3969524 1067659 1014406 1002229 885230 930938 860148 4 Stocks net purchases by US residents ndash89045 ndash47723 ndash27150 ndash22802 8630 ndash14802 ndash20974 5 New issues in the United States 1 na na na na na na na 6 Transactions in outstanding stocks net

Net purchases by US residents by area

na na na na na na na

7 Europe ndash25067 ndash26337 ndash2604 ndash5702 9576 ndash2358 ndash15082 8 Of which United Kingdom ndash13396 ndash19159 70 ndash1874 7567 ndash1600 ndash15899 9 Canada ndash5443 ndash1865 ndash372 ndash4436 1230 ndash570 ndash1511

10 Caribbean financial centers 2 ndash35903 3950 ndash20403 ndash18436 ndash1014 2094 ndash3070 11 Latin America excluding Caribbean financial centers ndash5931 ndash4670 320 169 ndash1750 ndash2025 ndash442 12 Asia ndash15100 ndash17825 ndash2663 6056 ndash668 ndash11612 250 13 Of which Japan 4246 ndash5286 3161 6028 343 ndash2486 ndash1332 14 Africa ndash1267 177 323 ndash1659 ndash108 ndash963 ndash335 15 Other ndash334 ndash1153 ndash1751 1206 1364 632 ndash784

16 Bonds gross purchases by US residents 3588896 980857 1002268 812382 793389 952456 924408 17 Bonds gross sales by US residents 3531144 943108 972223 795074 820739 970862 950919 18 Bonds net purchases by US residents ndash57752 ndash37749 ndash30045 ndash17308 27350 18406 26511 19 New issues in the United States 1 na na na na na na na 20 Transactions in outstanding bonds net

Net purchases by US residents by area

na na na na na na na

21 Europe ndash57116 ndash38199 ndash44480 ndash3521 29084 32726 ndash6380 22 Of which United Kingdom ndash69861 ndash28228 ndash40030 ndash15810 14207 25939 ndash12477 23 Canada ndash33586 ndash3501 ndash8892 ndash11520 ndash9673 ndash6694 ndash5133 24 Caribbean financial centers 2 19097 6201 10873 ndash755 2778 ndash6681 5324 25 Latin America excluding Caribbean financial centers ndash14169 ndash2362 ndash3442 ndash8420 55 ndash7267 ndash367 26 Asia 27885 2618 12813 8227 4227 7667 20602 27 Of which Japan ndash1609 ndash4247 1335 1706 ndash403 2740 740 28 Africa ndash336 729 ndash394 ndash495 ndash176 561 1095 29 Other 473 ndash3235 3477 ndash824 1055 ndash1906 11370 B1 US securities excluding transactions in US Treasury securities and transactions of foreign official agencies net

purchases (+) or net sales (ndash) by foreign residents (table 1 line 66 or lines 4 + 16 + 30 below) ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174

2 Stocks gross purchases by foreign residents 7694549 1895452 1924179 2139525 1735393 1754294 1771458 3 Stocks gross sales by foreign residents 7682151 1863304 1898511 2167803 1752533 1735411 1780038 4 Stocks net purchases by foreign residents

Net purchases by foreign residents by area

12398 32148 25668 ndash28278 ndash17140 18883 ndash8580

5 Europe ndash36934 9946 6908 ndash35533 ndash18255 15866 1499 6 Of which United Kingdom 2176 12238 5819 ndash10024 ndash5857 9807 4064 7 Canada 14831 4147 9949 337 398 2886 2291 8 Caribbean financial centers 2 30486 20509 4055 2837 3085 4908 ndash12630 9 Latin America excluding Caribbean financial centers 860 1926 654 ndash1259 ndash461 ndash106 627

10 Asia 1996 ndash4304 2677 5200 ndash1577 ndash5643 281 11 Of which Japan 3067 ndash1330 13 4493 ndash109 ndash5568 ndash1853 12 Africa 801 50 88 ndash245 908 64 170 13 Other 358 ndash126 1337 385 ndash1238 908 ndash818

14 Corporate bonds gross purchases by foreign residents 956647 289671 276332 213212 177432 262482 206683 15 Corporate bonds gross sales by foreign residents 1025487 299559 294294 222948 208686 277314 240012 16 Corporate bonds net purchases by foreign residents ndash68840 ndash9888 ndash17962 ndash9736 ndash31254 ndash14832 ndash33329 17 New issues sold abroad by US corporations 1 na na na na na na na 18 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

19 Europe ndash98270 ndash22540 ndash26327 ndash14083 ndash35320 ndash20673 ndash35281 20 Of which United Kingdom ndash50976 ndash15358 ndash16537 ndash75 ndash19006 ndash15784 ndash26536 21 Canada ndash823 ndash70 ndash83 ndash1217 547 ndash5811 3648 22 Caribbean financial centers 2 16093 8157 1110 5929 897 6395 ndash1538 23 Latin America excluding Caribbean financial centers 3765 1776 278 647 1064 439 803 24 Asia 14709 3337 6163 364 4845 7388 ndash415 25 Of which Japan 9271 2305 2695 501 3770 4389 ndash1470 26 Africa ndash21 45 9 ndash87 12 42 ndash67 27 Other ndash4293 ndash593 888 ndash1289 ndash3299 ndash2612 ndash479

28 Federally sponsored agency bonds gross purchases by foreign residents 970698 216628 208974 278774 266322 262113 331244 29 Federally sponsored agency bonds gross sales by foreign residents 970698 234550 221788 261156 253204 262510 332509 30 Federally sponsored agency bonds net purchases by foreign residents () ndash17922 ndash12814 17618 13118 ndash397 ndash1265 31 New issues sold abroad by federally sponsored agencies 1 na na na na na na na 32 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

33 Europe ndash16036 2976 ndash20684 ndash3010 4682 ndash6679 ndash3902 34 Of which United Kingdom 548 11549 ndash17229 ndash641 6869 ndash619 ndash5140 35 Canada 3281 1173 2080 ndash14 42 ndash1539 ndash165 36 Caribbean financial centers 2 5838 ndash10703 9265 9530 ndash2254 ndash3567 ndash2198 37 Latin America excluding Caribbean financial centers 6586 393 80 2140 3973 1777 1727 38 Asia 627 ndash11488 ndash3255 8818 6552 9564 2899 39 Of which Japan 15927 ndash2057 2981 10383 4620 6109 4208 40 Africa ndash221 ndash43 ndash87 ndash18 ndash73 ndash2 6 41 Other ndash75 ndash230 ndash213 172 196 49 368 C1 US Treasury bonds and notes excluding transactions of foreign official agencies net purchases (+) or net sales (ndash)

by foreign residents (table 1 part of line 65) 199483 55835 595 101379 41674 56501 21172 2 US Treasury bonds and notes gross purchases by foreign residents 16679789 4387827 4351236 4560198 3380528 3762454 3632336 3 US Treasury bonds and notes gross sales by foreign residents

Net purchases by foreign residents by area

16480306 4331992 4350641 4458819 3338854 3705953 3611164

4 Europe 156007 54202 20940 75802 5063 7923 26221 5 Canada ndash4043 8536 ndash20054 2049 5426 18053 7553 6 Caribbean financial centers 2 12854 ndash9205 3988 18426 ndash355 ndash1513 4772 7 Latin America excluding Caribbean financial centers ndash6705 ndash13933 6129 ndash569 1668 835 ndash2749 8 Asia 39226 16211 ndash10977 6337 27655 29297 ndash17241 9 Africa 1871 1483 ndash57 250 195 1287 14

10 Other Memoranda Net purchases of marketable long-term US securities by foreign official agencies included elsewhere in the

international transactions accounts net purchases (+) or net sales (ndash) (lines in table 5)

273 ndash1459 626 ndash916 2022 619 2602

1 US Treasury marketable bonds and notes (line B4) 274493 100820 109668 53811 10194 85762 77233 2 Other US government securities (line B6) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 3 US corporate and other bonds (part of line B16) ndash934 ndash1085 ndash2010 1896 265 296 ndash1723 4 US stocks (part of line B16) 14952 6716 8648 ndash664 252 456 5344

See the footnotes on pages 92ndash93

81 October 2012 SURVEY OF CURRENT BUSINESS

Table 9 Claims on and Liabilities to Unaffiliated Foreigners Reported by US Nonbanking Concerns Except Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets or increase in US liabilities Debits ndash increase in US assets or decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 Claims total (table 1 line 53) ndash11608 ndash92203 6147 9326 65122 ndash49183 396 862495 2 Financial claims ndash9057 ndash97175 5831 17487 64800 ndash52488 ndash2122 813284 3 Denominated in US dollars 25445 ndash93191 22472 44778 51386 ndash32492 ndash273 552075 4 Denominated in foreign currencies

By instrument 2

ndash34502 ndash3984 ndash16641 ndash27291 13414 ndash19996 ndash1849 261209

5 Resale agreements ndash832 378 ndash1975 823 ndash58 ndash453 ndash1566 4419 6 Negotiable certificates of deposit 1932 ndash535 2737 ndash817 547 772 () () 7 Other short-term instruments (including money market instruments) 1282 366 ndash3868 6786 ndash2002 528 ndash9379 11657 8 Deposits ndash36389 ndash80544 ndash13404 2457 55102 ndash50191 ndash7503 663858 9 Other claims 24950 ndash16840 22341 8238 11211 ndash3144 16326 133350

10 Of which Financial intermediariesrsquo accounts 3

By area

18189 ndash23472 21674 8096 11891 ndash4394 17666 107901

11 Europe Of which

ndash53513 ndash87957 5296 ndash7097 36245 ndash45912 15541 666624

12 United Kingdom ndash40517 ndash62686 ndash3745 ndash14500 40414 ndash47004 10918 395894 13 Germany ndash33689 ndash21553 ndash2793 ndash1886 ndash7457 ndash242 2037 57509 14 Caribbean financial centers 4 37655 ndash15180 1295 21661 29879 ndash9448 ndash9063 118148 15 Other 6801 5962 ndash760 2923 ndash1324 2872 ndash8600 28512

16 Commercial claims ndash2551 4972 316 ndash8161 322 3305 2518 49211 17 Denominated in US dollars ndash1774 5478 ndash29 ndash7943 720 3378 702 46635 18 Denominated in foreign currencies

By instrument

ndash777 ndash506 345 ndash218 ndash398 ndash73 1816 2576

19 Trade receivables ndash4541 2732 579 ndash7304 ndash548 4016 3150 37041 20 Advance payments and other claims

By area

1990 2240 ndash263 ndash857 870 ndash711 ndash632 12170

21 Europe ndash3279 2040 242 ndash5285 ndash276 5679 ndash854 15463 22 Canada ndash930 ndash209 968 ndash1748 59 ndash246 38 5832 23 Asia 676 2170 ndash742 ndash474 ndash278 ndash2023 2184 17120 24 Other 982 971 ndash152 ndash654 817 ndash105 1150 10796

B1 Liabilities total (table 1 line 68) 6567 40688 25538 ndash19670 ndash39989 24212 ndash8754 699925 2 Financial liabilities ndash1029 42077 25244 ndash30057 ndash38293 23388 ndash6819 636268 3 Denominated in US dollars ndash19634 36790 15510 ndash49765 ndash22169 9081 ndash16128 454215 4 Denominated in foreign currencies

By instrument 2

18605 5287 9734 19708 ndash16124 14307 9309 182053

5 Repurchase agreements ndash2808 ndash427 1542 ndash1150 ndash2773 577 588 3934 6 Short-term instruments ndash164 ndash121 592 ndash860 225 547 ndash575 1354 7 Other liabilities 1943 42625 23110 ndash28047 ndash35745 22264 ndash6832 630980 8 Of which Financial intermediariesrsquo accounts 3

By area

ndash3020 ndash892 ndash364 ndash958 ndash806 ndash1719 1166 36494

9 Europe Of which

ndash496 38802 25116 ndash31040 ndash33374 19239 543 560101

10 United Kingdom 7935 42202 22426 ndash29433 ndash27260 17504 4527 350093 11 Germany ndash7180 ndash8747 ndash383 297 1653 ndash1996 ndash3988 67121 12 Caribbean financial centers 4 3744 2692 223 2758 ndash1929 5716 ndash8186 60319 13 Other ndash4277 583 ndash95 ndash1775 ndash2990 ndash1567 824 15848

14 Commercial liabilities 7596 ndash1389 294 10387 ndash1696 824 ndash1935 63657 15 Denominated in US dollars 7723 ndash1259 283 10576 ndash1877 455 ndash477 59708 16 Denominated in foreign currencies

By instrument

ndash127 ndash130 11 ndash189 181 369 ndash1458 3949

17 Trade payables 2938 ndash541 ndash318 6484 ndash2687 ndash1137 ndash2126 29196 18 Advance receipts and other liabilities

By area

4658 ndash848 612 3903 991 1961 191 34461

19 Europe 3935 ndash1380 360 6413 ndash1458 ndash1812 ndash1608 16171 20 Canada 337 165 ndash924 1330 ndash234 333 ndash253 6854 21 Asia 4279 73 1015 1646 1545 2124 ndash81 29617 22 Other ndash955 ndash247 ndash157 998 ndash1549 179 7 11015

See the footnotes on pages 92ndash93

82 US International Transactions October 2012

Table 10 Claims on Foreigners Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets Debits ndash increase in US assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Claims reported by US banks and securities brokers total (table 1 line 54) 213627 ndash86699 199487 14428 86411 218379 266660 3790278 2 Claims for own accounts 79139 ndash80502 193661 ndash60657 26637 129026 245655 3138242

3 Denominated in dollars

By instrument 2

82005 ndash85047 147209 ndash56032 75875 97684 287514 2772501

4 Resale agreements ndash72065 1537 ndash57055 ndash467 ndash16080 ndash8133 ndash4532 820679 5 Negotiable certificates of deposit ndash394 ndash796 ndash365 144 623 1173 ndash423 1229 6 Other short-term instruments (including money market instruments) 2128 2100 ndash2842 3166 ndash296 1309 990 8599 7 Deposits and brokerage balances 205019 ndash42537 249725 ndash57541 55372 116881 277188 923381 8 Other claims (including loans) ndash52683 ndash45351 ndash42254 ndash1334 36256 ndash13546 14291 1018613

By foreign borrower Claims on

9 Foreign banks 193237 ndash7372 191849 ndash39046 47806 112149 289830 1905728 10 Foreign nonbanks excluding foreign official institutions ndash132368 ndash72928 ndash57258 ndash20476 18294 ndash8815 ndash1540 824471 11 Foreign official institutions 3 21136 ndash4747 12618 3490 9775 ndash5650 ndash776 42302

By type of US reporting institution 4

US-owned banksrsquo claims on 12 Foreign banks ndash26007 ndash34281 160370 ndash208317 56221 108022 201393 641538 13 Foreign nonbanks and foreign official institutions

Foreign-owned banksrsquo claims on

ndash22376 ndash35403 ndash5971 ndash8427 27425 ndash6468 3158 207067

14 Foreign banks 204556 10975 51564 140958 1059 24173 67658 919137 15 Foreign nonbanks and foreign official institutions

Brokersrsquo and dealersrsquo claims on

ndash36217 ndash7345 ndash1226 ndash17917 ndash9729 3362 ndash2164 164645

16 Foreign banks 14688 15934 ndash20085 28313 ndash9474 ndash20046 20779 345053 17 Foreign nonbanks and foreign official institutions ndash52639 ndash34927 ndash37443 9358 10373 ndash11359 ndash3310 495061

18 Denominated in foreign currencies

By instrument 2

ndash2866 4545 46452 ndash4625 ndash49238 31342 ndash41859 365741

19 Deposits and brokerage balances 850 2137 ndash4381 11739 ndash8645 8331 ndash8252 139757 20 Other claims (including loans) ndash3716 2408 50833 ndash16364 ndash40593 23011 ndash33607 225984

21 Claims for customersrsquo accounts 134488 ndash6197 5826 75085 59774 89353 21005 652036

22 Denominated in dollars

By instrument 2

160127 ndash7359 34448 75693 57345 64217 33155 595086

23 Commercial paper 5 21984 ndash17448 ndash376 21858 17950 ndash27469 ndash322 205548 24 Negotiable certificates of deposit 31874 ndash31790 20270 33335 10059 5573 9087 94185 25 Other short-term instruments (including money market instruments) 6 31085 6757 3250 22357 ndash1279 5193 7326 34720 26 Deposits and brokerage balances (including sweep accounts) 7 41878 38479 ndash3119 ndash15841 22359 85356 11514 249079 27 Other claims 33306 ndash3357 14423 13984 8256 ndash4436 5550 11554

28 Denominated in foreign currencies

By instrument 2

ndash25639 1162 ndash28622 ndash608 2429 25136 ndash12150 56950

29 Deposits and brokerage balances ndash6354 ndash5513 1693 ndash2290 ndash244 352 ndash145 9357 30 Other claims

Claims total (line 1) by area ndash19285 6675 ndash30315 1682 2673 24784 ndash12005 47593

31 Europe Of which

208566 ndash72953 75471 130814 75234 78905 79616 1603053

32 United Kingdom 58711 ndash12618 86178 22639 ndash37488 65676 56791 1149588 33 Switzerland ndash16730 ndash5312 2673 ndash34558 20467 16882 8627 48056 34 Canada ndash33907 ndash2392 ndash11320 ndash4263 ndash15932 10934 ndash2453 232738 35 Caribbean financial centers 8 183568 9104 186027 ndash77493 65930 105913 250415 1063919 36 Latin America excluding Caribbean financial centers ndash35916 ndash12756 ndash9699 ndash8597 ndash4864 ndash2669 ndash7672 183259 37 Asia ndash106570 ndash15542 ndash30669 ndash28901 ndash31458 21014 ndash57419 585157 38 Of which Japan ndash65274 9113 ndash16606 ndash11761 ndash46020 18140 ndash39995 388413 39 Africa 7646 5261 ndash1258 3436 207 ndash862 ndash245 9936 40 Other

Memoranda ndash9760 2579 ndash9065 ndash568 ndash2706 5144 4418 112216

1 International banking facilitiesrsquo (IBFs) own claims denominated in dollars (in lines 1ndash15 above)

By bank ownership 4

24091 ndash48609 41746 14202 16752 50407 170340 371523

2 US-owned IBFs ndash85794 ndash34825 30080 ndash96927 15878 51614 154352 82701 3 Foreign-owned IBFs 109885 ndash13784 11666 111129 874 ndash1207 15988 288822

See the footnotes on pages 92ndash93

83 October 2012 SURVEY OF CURRENT BUSINESS

Table 11 Liabilities to Foreigners Except Foreign Official Agencies Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + increase in US liabilities Debits ndash decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Liabilities reported by US banks and securities brokers total (table 1 part of line 65 and table 1 line 69) 350572 359196 ndash119563 112359 ndash1420 ndash134773 ndash211576 3953351 2 US Treasury bills and certificates (table 1 part of line 65) 41395 ndash781 ndash18208 19539 40845 ndash12667 ndash13807 262048 3 Other US liabilities total (table 1 line 69) 309177 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 3691303 4 Liabilities for own accounts 322677 336432 ndash108170 109703 ndash15288 ndash115632 ndash204720 3296249

5 Denominated in dollars

By instrument 2

252322 321455 ndash116320 75835 ndash28648 ndash103814 ndash211745 3048846

6 Repurchase agreements 82756 49603 38007 ndash63515 58661 ndash26962 ndash30751 575252 7 Deposits and brokerage balances 291767 182610 ndash8772 170062 ndash52133 ndash129288 ndash173973 1758133 8 Other liabilities (including loans) ndash122201 89242 ndash145555 ndash30712 ndash35176 52436 ndash7021 715461

By foreign holder Liabilities to

9 Foreign banks 145927 231244 ndash95034 38698 ndash28981 ndash121913 ndash236484 2101206 10 Foreign nonbanks including international organizations 106395 90211 ndash21286 37137 333 18099 24739 947640

By type of US reporting institution 3

US-owned banksrsquo liabilities to 11 Foreign banks ndash89314 22804 ndash113690 91718 ndash90146 ndash31480 ndash187790 699485 12 Foreign nonbanks including international organizations

Foreign-owned banksrsquo liabilities to

12190 39228 ndash55619 31388 ndash2807 2884 14681 275031

13 Foreign banks 249073 199309 3112 5724 40928 ndash80709 ndash18833 1114138 14 Foreign nonbanks including international organizations

Brokersrsquo and dealersrsquo liabilities to

27538 9964 4519 8075 4980 3443 18519 127991

15 Foreign banks ndash13832 9131 15544 ndash58744 20237 ndash9724 ndash29861 287583 16 Foreign nonbanks including international organizations 66667 41019 29814 ndash2326 ndash1840 11772 ndash8461 544618

17 Denominated in foreign currencies

By instrument 2

70355 14977 8150 33868 13360 ndash11818 7025 247403

18 Deposits and brokerage balances 55144 8721 15984 14646 15793 ndash8203 6658 141900 19 Other liabilities (including loans) 15211 6256 ndash7834 19222 ndash2433 ndash3615 367 105503

20 Liabilities for customersrsquo accounts ndash13500 23545 6815 ndash16883 ndash26977 ndash6474 6951 395054

21 Denominated in dollars

By instrument 2

ndash13252 23064 5318 ndash16237 ndash25397 ndash7769 5901 386528

22 Negotiable certificates of deposit and other short-term instruments ndash7433 22753 4196 ndash15970 ndash18412 ndash5329 ndash6308 165388 23 Other liabilities (including loans) ndash5819 311 1122 ndash267 ndash6985 ndash2440 12209 221140

24 Denominated in foreign currencies

Other US liabilities total (line 3) by area ndash248 481 1497 ndash646 ndash1580 1295 1050 8526

25 Europe 305282 217563 ndash35879 119913 3685 ndash91531 ndash187721 1383322 26 Canada 24333 17929 9687 1073 ndash4356 ndash8587 4456 124427 27 Caribbean financial centers 4 ndash151275 81576 ndash79079 ndash50683 ndash103089 ndash26350 ndash67947 1572294 28 Latin America excluding Caribbean financial centers 24535 8397 ndash7687 15971 7854 3925 6032 162565 29 Asia 94363 31832 2843 9503 50185 ndash6164 52339 375985 30 Africa 2661 1937 491 ndash100 333 3694 ndash2555 16223 31 Other

Memoranda 9278 743 8269 ndash2857 3123 2907 ndash2373 56487

1 International banking facilitiesrsquo (IBFs) own liabilities denominated in dollars (in lines 3ndash14 above)

By bank ownership 3

184561 108875 ndash19007 60508 34185 ndash124264 ndash130931 489487

2 US-owned IBFs 92706 44834 ndash28656 91716 ndash15188 ndash50229 ndash151008 190848 3 Foreign-owned IBFs 91855 64041 9649 ndash31208 49373 ndash74035 20077 298639

See the footnotes on pages 92ndash93

84 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Europe European Union Euro area Belgium

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 882904 222838 228338 733902 183858 189669 508065 125508 130631 40123 10439 11072 2 Exports of goods and services 562808 142184 145462 463195 115181 119188 319865 78336 82327 35023 8871 9052 3 Goods balance of payments basis 2 335393 87682 86577 273167 69730 69669 198248 49682 51380 29919 7556 7618 4 Services 3 227416 54501 58885 190028 45451 49519 121617 28655 30948 5104 1315 1434 5 Transfers under US military agency sales contracts 4 1943 417 391 995 210 178 598 119 96 29 2 3 6 Travel 32633 6263 9593 29088 5513 8552 17175 3185 4834 603 127 177 7 Passenger fares 10675 2298 3024 9443 2035 2698 5800 1150 1506 319 64 105 8 Other transportation 16572 4320 4269 14201 3730 3680 7701 2081 2055 438 111 107 9 Royalties and license fees 5 60025 14470 15043 48907 11971 12444 38708 9232 9585 977 262 272

10 Other private services 5 105274 26650 26466 87163 21923 21884 51474 12839 12812 2732 748 769 11 US government miscellaneous services 293 84 98 232 70 83 162 48 59 5 1 1 12 Income receipts 320096 80654 82876 270707 68677 70480 188200 47171 48304 5101 1567 2020 13 Income receipts on US-owned assets abroad 319565 80518 82737 270308 68575 70376 188006 47122 48255 5088 1564 2017 14 Direct investment receipts 212760 53530 55016 176970 44950 46211 140321 34908 36033 2983 747 1002 15 Other private receipts 106211 26706 27566 92795 23366 24023 47165 11689 12080 2105 817 1015 16 US government receipts 593 281 155 543 259 142 520 525 142 0 0 0 17 Compensation of employees 531 136 139 399 102 105 193 49 50 13 3 3 18 Imports of goods and services and income payments ndash886301 ndash218185 ndash229292 ndash738439 ndash181908 ndash190151 ndash517326 ndash126121 ndash133955 ndash44102 ndash10328 ndash11211 19 Imports of goods and services ndash631581 ndash153112 ndash165058 ndash522958 ndash126987 ndash137579 ndash381691 ndash92267 ndash99608 ndash23193 ndash5278 ndash6032 20 Goods balance of payments basis 2 ndash453605 ndash112101 ndash115955 ndash373313 ndash93508 ndash96841 ndash289108 ndash71916 ndash74651 ndash17735 ndash4052 ndash4720 21 Services 3 ndash177976 ndash41011 ndash49103 ndash149645 ndash33479 ndash40738 ndash92583 ndash20351 ndash24957 ndash5458 ndash1226 ndash1311 22 Direct defense expenditures ndash12496 ndash2856 ndash2897 ndash11462 ndash2582 ndash2626 ndash10297 ndash2290 ndash2333 ndash473 ndash79 ndash80 23 Travel ndash23012 ndash3892 ndash8495 ndash20494 ndash3469 ndash7587 ndash14552 ndash2465 ndash5337 ndash205 ndash40 ndash70 24 Passenger fares ndash13203 ndash2740 ndash4470 ndash12161 ndash2503 ndash4065 ndash7402 ndash1475 ndash2615 ndash99 ndash25 ndash22 25 Other transportation ndash22795 ndash5518 ndash5824 ndash18454 ndash4413 ndash4650 ndash11148 ndash2633 ndash2706 ndash636 ndash148 ndash147 26 Royalties and license fees 5 ndash23925 ndash6038 ndash6091 ndash18557 ndash4630 ndash4673 ndash13368 ndash3272 ndash3313 ndash776 ndash179 ndash184 27 Other private services 5 ndash80399 ndash19482 ndash20828 ndash67141 ndash15543 ndash16796 ndash34642 ndash7929 ndash8362 ndash3213 ndash741 ndash794 28 US government miscellaneous services ndash2146 ndash485 ndash498 ndash1376 ndash339 ndash342 ndash1174 ndash287 ndash291 ndash56 ndash14 ndash14 29 Income payments ndash254720 ndash65074 ndash64234 ndash215481 ndash54922 ndash52572 ndash135635 ndash33853 ndash34347 ndash20909 ndash5051 ndash5179 30 Income payments on foreign-owned assets in the United States ndash253809 ndash64831 ndash64016 ndash214897 ndash54768 ndash52433 ndash135425 ndash33791 ndash34299 ndash20896 ndash5047 ndash5176 31 Direct investment payments ndash112027 ndash28796 ndash27685 ndash95340 ndash24515 ndash22053 ndash62200 ndash15224 ndash15505 ndash3964 ndash951 ndash1129 32 Other private payments ndash116743 ndash29663 ndash29995 ndash103334 ndash26088 ndash26296 ndash62575 ndash15914 ndash16220 ndash14898 ndash3582 ndash3556 33 US government payments ndash25039 ndash6372 ndash6336 ndash16223 ndash4165 ndash4084 ndash10650 ndash2653 ndash2574 ndash2034 ndash514 ndash491 34 Compensation of employees ndash912 ndash243 ndash218 ndash584 ndash153 ndash139 ndash210 ndash62 ndash48 ndash13 ndash3 ndash3 35 Unilateral current transfers net ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 36 US government grants 4 ndash2165 ndash638 ndash652 ndash218 ndash70 ndash33 ndash90 ndash11 ndash8 ndash2 () 0 37 US government pensions and other transfers ndash2074 ndash525 ndash539 ndash1930 ndash489 ndash502 ndash1440 ndash353 ndash362 ndash26 ndash7 ndash7 38 Private remittances and other transfers 6

Capital account ndash5812 ndash1804 ndash1529 ndash383 77 121 414 188 250 ndash94 ndash24 8

39 Capital account transactions net Financial account

ndash4 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash241698 52106 42437 ndash253858 37642 30580 ndash150180 14949 ndash21545 ndash36537 ndash17874 ndash16064

41 US official reserve assets ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 46 US government assets other than official reserve assets ndash86510 52774 4942 ndash86035 52354 4946 ndash85635 52427 4946 ndash2 2 () 47 US credits and other long-term assets ndash866 ndash127 ndash155 ndash715 ndash118 ndash107 ndash314 ndash42 ndash107 0 0 0 48 Repayments on US credits and other long-term assets 8 195 64 50 68 32 6 63 31 6 0 0 0 49 US foreign currency holdings and US short-term assets ndash85839 52838 5047 ndash85388 52440 5047 ndash85384 52438 5047 ndash2 2 () 50 US private assets ndash154705 ndash538 37580 ndash167383 ndash14591 25717 ndash64106 ndash37359 ndash26407 ndash36535 ndash17876 ndash16064 51 Direct investment ndash224295 ndash69579 ndash35261 ndash202758 ndash57151 ndash31661 ndash157387 ndash34853 ndash28505 ndash4667 ndash1840 1313 52 Foreign securities ndash82183 30368 ndash21462 ndash120594 17562 ndash25008 ndash34753 ndash4765 ndash1104 ndash42459 ndash17795 ndash16507 53 US claims on unaffiliated foreigners reported by US nonbanking concerns ndash56793 ndash40232 14687 ndash55772 ndash41123 14668 ndash25209 387 1758 140 ndash14 92 54 US claims reported by US banks and securities brokers 14 208566 78905 79616 211741 66121 67718 153243 1872 1444 10451 1773 ndash962 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 514084 ndash66118 ndash155957 419161 ndash67792 ndash189935 214137 ndash54016 3657 16896 ndash2772 ndash9818 56 Foreign official assets in the United States 38811 10712 33045 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash556 ndash107 ndash300 85 95 72 ndash127 33 ndash46 ndash28 1 2 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 475273 ndash76830 ndash189002 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 132568 10462 21024 106925 15005 14064 58524 5630 7253 10297 3087 1081 65 US Treasury securities 185225 ndash1701 16444 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities ndash151240 ndash11486 ndash37684 ndash143872 ndash12253 ndash37960 ndash88640 ndash4968 ndash9642 ndash23025 ndash4708 ndash7084 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns 3438 17426 ndash1065 3606 16820 ndash1001 ndash6433 1379 ndash4954 ndash73 4 ndash7 69 US liabilities reported by US banks and securities brokers 15 305282 ndash91531 ndash187721 18 452417 18 ndash87459 18 ndash165110 18 250813 18 ndash56090 18 11046 18 29725 18 ndash1156 18 ndash3810 70 Financial derivatives net 21234 ndash8391 ndash2314 22900 ndash10639 ndash1370 ndash4656 ndash4112 1082 ndash81 ndash62 81 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash280169 20717 20 119508 ndash181136 39322 20 161622 ndash48923 43968 20 20250 23823 20630 20 25939

72 Balance on goods (lines 3 and 20) ndash118212 ndash24419 ndash29378 ndash100146 ndash23778 ndash27171 ndash90860 ndash22234 ndash23271 12184 3505 2898 73 Balance on services (lines 4 and 21) 49440 13491 9782 40383 11973 8780 29034 8303 5991 ndash355 89 123 74 Balance on goods and services (lines 2 and 19) ndash68773 ndash10928 ndash19596 ndash59763 ndash11806 ndash18391 ndash61826 ndash13931 ndash17281 11830 3593 3020 75 Balance on income (lines 12 and 29) 65376 15580 18643 55226 13755 17909 52565 13318 13957 ndash15808 ndash3483 ndash3159 76 Unilateral current transfers net (line 35) ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash13448 1685 ndash3674 ndash7068 1467 ndash896 ndash10377 ndash789 ndash3444 ndash4101 78 ndash138

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 85

Transactions by AreamdashContinues of dollars]

France Germany Italy Netherlands United Kingdom Europe excluding European Union

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

61663 15202 16336 90192 21702 22244 28617 6977 7084 121076 29483 31146 181769 47281 47386 149002 38980 38670 1 46368 11727 12776 75348 18559 19553 25625 6398 6546 57427 13224 14059 110006 28351 28366 99613 27003 26274 2 28490 7660 8321 49626 12645 12798 16246 4335 4331 42632 9959 10548 57036 15502 13936 62226 17953 16908 3 17878 4067 4454 25722 5914 6755 9379 2064 2215 14795 3265 3511 52970 12849 14431 37388 9050 9366 4

41 22 7 130 20 32 92 19 13 117 17 18 202 38 35 948 206 213 5 3819 656 987 4905 893 1554 2606 493 619 1448 273 418 8968 1701 2793 3545 750 1041 6 1161 261 310 1433 320 446 1074 194 239 633 137 171 3006 662 931 1232 263 326 7 1460 363 380 2934 729 757 613 158 151 952 225 227 3893 960 984 2371 590 589 8 3479 788 823 6895 1673 1741 1805 414 432 4943 942 978 7436 2123 2217 11119 2499 2599 9 7873 1969 1926 9353 2260 2208 3177 782 757 6692 1667 1696 29417 7349 7452 18111 4727 4583 10

45 8 21 71 19 17 13 3 3 10 4 2 48 16 19 61 15 15 11 15296 3476 3560 14844 3143 2691 2992 578 539 63649 16259 17087 71763 18930 19020 49389 11977 12396 12 15257 3466 3550 14766 3122 2669 2972 573 534 63632 16255 17083 71654 18902 18991 49256 11943 12361 13

4225 926 967 5292 1074 717 1221 273 255 55195 14206 15057 31798 8693 8601 35791 8581 8805 14 11032 2540 2583 8988 1930 1869 1751 300 279 8437 2049 2026 39837 10203 10385 13416 3340 3543 15

0 0 0 486 118 83 0 0 0 0 0 0 19 6 5 50 22 13 16 38 10 10 79 21 22 19 5 5 16 4 4 109 28 29 133 34 35 17

ndash74033 ndash19001 ndash20102 ndash155703 ndash38660 ndash39651 ndash45323 ndash10671 ndash12965 ndash57146 ndash13220 ndash14298 ndash166635 ndash42860 ndash41605 ndash147863 ndash36277 ndash39141 18 ndash56894 ndash13914 ndash14912 ndash130251 ndash33034 ndash34657 ndash42871 ndash9906 ndash12352 ndash32792 ndash8014 ndash8316 ndash97547 ndash24160 ndash25889 ndash108623 ndash26125 ndash27479 19 ndash40676 ndash10437 ndash10392 ndash99425 ndash25847 ndash26352 ndash34327 ndash8372 ndash9814 ndash24044 ndash6021 ndash6046 ndash51878 ndash13629 ndash13684 ndash80292 ndash18593 ndash19114 20 ndash16219 ndash3477 ndash4519 ndash30826 ndash7187 ndash8305 ndash8543 ndash1534 ndash2539 ndash8748 ndash1993 ndash2270 ndash45669 ndash10531 ndash12205 ndash28331 ndash7532 ndash8365 21

ndash117 ndash12 ndash15 ndash7432 ndash1694 ndash1700 ndash1424 ndash316 ndash350 ndash149 ndash24 ndash28 ndash1107 ndash280 ndash268 ndash1034 ndash274 ndash271 22 ndash2547 ndash379 ndash1107 ndash2745 ndash637 ndash1016 ndash3382 ndash384 ndash1238 ndash1143 ndash226 ndash403 ndash4559 ndash834 ndash1726 ndash2518 ndash423 ndash908 23 ndash1679 ndash343 ndash586 ndash2919 ndash561 ndash1155 ndash528 ndash116 ndash157 ndash723 ndash164 ndash221 ndash4132 ndash928 ndash1250 ndash1042 ndash237 ndash405 24 ndash2093 ndash475 ndash485 ndash3909 ndash956 ndash984 ndash854 ndash198 ndash222 ndash1181 ndash279 ndash282 ndash3331 ndash760 ndash832 ndash4341 ndash1105 ndash1174 25 ndash4214 ndash1065 ndash1064 ndash3721 ndash837 ndash844 ndash94 ndash27 ndash27 ndash749 ndash208 ndash209 ndash3318 ndash915 ndash917 ndash5369 ndash1409 ndash1418 26 ndash5242 ndash1124 ndash1182 ndash9634 ndash2384 ndash2489 ndash2147 ndash464 ndash515 ndash4736 ndash1076 ndash1112 ndash29107 ndash6790 ndash7187 ndash13257 ndash3939 ndash4033 27

ndash327 ndash79 ndash81 ndash466 ndash117 ndash117 ndash115 ndash28 ndash29 ndash68 ndash16 ndash15 ndash115 ndash24 ndash25 ndash770 ndash146 ndash156 28 ndash17139 ndash5087 ndash5190 ndash25452 ndash5626 ndash4994 ndash2452 ndash765 ndash612 ndash24354 ndash5206 ndash5982 ndash69089 ndash18700 ndash15716 ndash39239 ndash10152 ndash11662 29 ndash17096 ndash5074 ndash5181 ndash25406 ndash5612 ndash4984 ndash2426 ndash758 ndash606 ndash24343 ndash5203 ndash5980 ndash68851 ndash18643 ndash15657 ndash38911 ndash10063 ndash11583 30 ndash10891 ndash3379 ndash3368 ndash18006 ndash3685 ndash3072 ndash1485 ndash522 ndash370 ndash17742 ndash3493 ndash4212 ndash27507 ndash8199 ndash5307 ndash16686 ndash4281 ndash5632 31 ndash5309 ndash1297 ndash1323 ndash5984 ndash1585 ndash1560 ndash493 ndash129 ndash129 ndash5796 ndash1525 ndash1591 ndash37618 ndash9378 ndash9256 ndash13409 ndash3575 ndash3699 32

ndash896 ndash398 ndash490 ndash1416 ndash342 ndash352 ndash448 ndash107 ndash107 ndash805 ndash185 ndash177 ndash3726 ndash1066 ndash1094 ndash8816 ndash2207 ndash2252 33 ndash43 ndash13 ndash9 ndash46 ndash14 ndash10 ndash26 ndash8 ndash6 ndash10 ndash3 ndash2 ndash237 ndash57 ndash59 ndash328 ndash89 ndash79 34

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 35 ndash1 () 0 0 0 0 ndash1 () 0 0 0 0 () () 0 ndash1947 ndash568 ndash619 36

ndash122 ndash30 ndash31 ndash486 ndash123 ndash126 ndash253 ndash64 ndash66 ndash37 ndash9 ndash9 ndash314 ndash78 ndash80 ndash144 ndash36 ndash37 37 ndash23 ndash41 78 2390 738 698 ndash319 ndash50 ndash80 ndash95 2 ndash14 ndash368 ndash5 ndash59 ndash5429 ndash1881 ndash1650 38

0 0 na 0 0 na 0 0 na 0 0 na 0 0 na ndash4 0 na 39

89075 1335 12642 28088 7322 18845 39988 2727 3477 ndash58127 ndash156 ndash9152 ndash104634 25425 35368 12160 14464 11857 40 ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 0 0 0 0 0 0 0 0 0 ndash44 ndash10 ndash2 41

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 44

ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 ndash44 ndash10 ndash2 45 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash312 ndash70 ndash2 ndash475 421 ndash4 46 0 0 0 0 0 0 0 0 0 0 0 0 ndash310 ndash71 0 ndash151 ndash9 ndash48 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 32 44 48 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash2 1 ndash2 ndash451 398 0 49

89331 1397 12702 28241 7370 18866 39988 2727 3476 ndash58127 ndash156 ndash9152 ndash104322 25495 35370 12679 14053 11863 50 ndash77 ndash1859 ndash873 ndash8347 378 1241 ndash450 ndash769 ndash99 ndash55685 ndash9841 ndash15241 ndash36799 ndash20756 ndash3127 ndash21536 ndash12428 ndash3600 51

ndash679 5731 11232 42656 15165 21425 16734 3639 2290 6130 5329 5955 ndash83257 24339 ndash28376 38411 12806 3546 52 1013 ndash164 ndash732 ndash34478 634 1147 590 ndash254 ndash3 1542 780 ndash212 ndash42977 ndash43764 10082 ndash1021 891 19 53

89074 ndash2311 3075 28410 ndash8807 ndash4947 23114 111 1288 ndash10114 3576 346 58711 65676 56791 ndash3175 12784 11898 54

104407 ndash20790 30433 26049 897 ndash11628 14088 ndash378 ndash140 ndash2236 2128 ndash2409 200053 ndash17666 ndash185134 94923 1675 33978 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 39 6 52 ndash55 21 ndash13 ndash27 11 6 ndash57 1 ndash42 166 ndash2 111 ndash641 ndash202 ndash372 60

( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

4281 2557 5606 13912 ndash1683 948 3266 913 ndash187 795 ndash5475 ndash1814 46799 7120 6326 25643 ndash4542 6960 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash27220 5065 ndash4296 ndash2229 ndash3035 ndash4577 1337 ndash854 ndash936 ndash5642 2507 ndash2730 ndash48252 ndash6596 ndash27612 ndash7368 767 276 66 na na na na na na na na na na na na na na na na na na 67 ndash61 ndash150 ndash249 ndash6635 ndash1808 ndash4149 329 ndash309 135 43 4155 ndash313 10217 15559 4082

18 ndash ndash168 606 ndash64 68

18 127368 18 ndash28268 18 29320 18 21056 18 7402 18 ndash3837 18 9183 18 ndash139 18 842 18 2625 18 940 18 2490 18 191123 18 ndash33747 168041 18 77457 18 5046 18 27178 69 ndash11890 2019 ndash350 2764 1751 202 ndash1988 300 ndash102 1824 ndash182 ndash404 28499 ndash5753 ndash2261 ndash1666 2248 ndash944 70

ndash169076 21305 20 ndash39006 6706 6373 20 9416 ndash34809 1160 20 2792 ndash5259 ndash18046 20 ndash4859 ndash138370 ndash6343 20 146385 ndash99033 ndash18605 20 ndash42114 71

ndash12186 ndash2777 ndash2071 ndash49799 ndash13202 ndash13555 ndash18081 ndash4038 ndash5483 18588 3938 4502 5158 1873 252 ndash18066 ndash640 ndash2207 72 1659 591 ndash65 ndash5104 ndash1273 ndash1549 836 530 ndash324 6047 1272 1241 7301 2318 2225 9056 1518 1002 73

ndash10526 ndash2187 ndash2136 ndash54903 ndash14475 ndash15104 ndash17245 ndash3508 ndash5807 24635 5210 5743 12459 4191 2478 ndash9010 878 ndash1205 74 ndash1844 ndash1611 ndash1630 ndash10607 ndash2483 ndash2303 539 ndash187 ndash74 39295 11054 11105 2675 229 3304 10150 1825 734 75

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 76 ndash12515 ndash3869 ndash3719 ndash63607 ndash16344 ndash16834 ndash17279 ndash3809 ndash6027 63797 16256 16825 14452 4337 5642 ndash6380 218 ndash2777 77

86 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Canada Latin America and Other Western Hemisphere South and Central America Argentina

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 402931 101673 106359 633079 159255 165534 477157 124087 127717 18161 4244 4965 2 Exports of goods and services 338553 86742 91416 484383 124423 128735 426245 110587 114618 15694 3565 4442 3 Goods balance of payments basis 2 282277 71983 76472 368416 96426 100092 345332 90787 94129 9927 2111 3044 4 Services 3 56277 14759 14944 115968 27997 28643 80914 19800 20489 5767 1454 1398 5 Transfers under US military agency sales contracts 4 157 23 33 567 151 146 446 119 114 2 1 1 6 Travel 19366 5696 5990 27076 6044 6854 24510 5518 6358 1891 482 450 7 Passenger fares 4598 1187 1060 10838 2708 2823 9887 2508 2582 896 251 222 8 Other transportation 3161 761 869 6007 1387 1417 4854 1087 1118 176 30 37 9 Royalties and license fees 5 9589 2159 2264 14319 3461 3611 9838 2394 2507 837 162 169

10 Other private services 5 19362 4910 4715 56968 14199 13744 31222 8135 7771 1953 525 516 11 US government miscellaneous services 44 23 13 192 47 48 157 38 39 11 3 3 12 Income receipts 64378 14930 14943 148695 34832 36799 50912 13500 13098 2467 679 523 13 Income receipts on US-owned assets abroad 64177 14878 14892 148526 34789 36755 50798 13471 13069 2461 677 521 14 Direct investment receipts 40729 8691 8488 99603 21968 23462 35878 9229 8231 1870 525 368 15 Other private receipts 23446 6187 6404 48676 12697 13202 14715 4126 4752 586 150 152 16 US government receipts 2 () 1 247 123 90 206 116 86 5 2 () 17 Compensation of employees 201 52 51 169 44 44 113 29 30 6 2 2 18 Imports of goods and services and income payments ndash373703 ndash97270 ndash97128 ndash599466 ndash155846 ndash157019 ndash484627 ndash127567 ndash129141 ndash6561 ndash1690 ndash1554 19 Imports of goods and services ndash349007 ndash89991 ndash91472 ndash529285 ndash137234 ndash137872 ndash461535 ndash121388 ndash122539 ndash6284 ndash1621 ndash1478 20 Goods balance of payments basis 2 ndash320538 ndash83734 ndash84094 ndash442901 ndash115705 ndash116132 ndash423127 ndash110971 ndash111886 ndash4582 ndash1109 ndash1050 21 Services 3 ndash28469 ndash6257 ndash7378 ndash86384 ndash21529 ndash21740 ndash38407 ndash10417 ndash10652 ndash1702 ndash512 ndash429 22 Direct defense expenditures ndash211 ndash49 ndash50 ndash286 ndash62 ndash75 ndash259 ndash56 ndash68 ndash5 ndash1 ndash1 23 Travel ndash7064 ndash980 ndash1859 ndash24261 ndash6900 ndash6982 ndash18275 ndash5243 ndash5402 ndash575 ndash222 ndash136 24 Passenger fares ndash593 ndash150 ndash160 ndash3500 ndash1041 ndash966 ndash2851 ndash869 ndash812 ndash72 ndash26 ndash14 25 Other transportation ndash4790 ndash1153 ndash1257 ndash5531 ndash1379 ndash1300 (D) (D) ndash825 ndash138 ndash39 ndash40 26 Royalties and license fees 5 ndash981 ndash237 ndash239 ndash2745 ndash756 ndash779 (D) (D) ndash588 ndash177 ndash53 ndash55 27 Other private services 5 ndash14600 ndash3629 ndash3755 ndash49411 ndash11235 ndash11474 ndash10874 ndash2652 ndash2817 ndash721 ndash168 ndash179 28 US government miscellaneous services ndash231 ndash58 ndash58 ndash650 ndash156 ndash165 ndash557 ndash133 ndash141 ndash14 ndash3 ndash4 29 Income payments ndash24696 ndash7279 ndash5656 ndash70181 ndash18611 ndash19147 ndash23093 ndash6179 ndash6602 ndash277 ndash69 ndash76 30 Income payments on foreign-owned assets in the United States ndash24089 ndash7122 ndash5506 ndash60296 ndash16523 ndash16724 ndash13794 ndash4213 ndash4324 ndash238 ndash59 ndash66 31 Direct investment payments ndash11082 ndash3608 ndash1789 ndash4518 ndash1778 ndash1894 ndash2317 ndash1095 ndash1152 29 6 2 32 Other private payments ndash11807 ndash3187 ndash3340 ndash42380 ndash11224 ndash11314 ndash3333 ndash899 ndash906 ndash222 ndash54 ndash57 33 US government payments ndash1200 ndash327 ndash377 ndash13398 ndash3521 ndash3516 ndash8144 ndash2219 ndash2266 ndash45 ndash11 ndash11 34 Compensation of employees ndash607 ndash157 ndash150 ndash9885 ndash2088 ndash2423 ndash9299 ndash1966 ndash2278 ndash40 ndash9 ndash10 35 Unilateral current transfers net ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 36 US government grants 4 0 0 0 ndash2869 ndash623 ndash590 ndash2021 ndash453 ndash438 ndash9 () () 37 US government pensions and other transfers ndash724 ndash185 ndash190 ndash912 ndash223 ndash228 ndash759 ndash186 ndash190 ndash36 ndash9 ndash9 38 Private remittances and other transfers 6

Capital account ndash1436 ndash335 ndash294 ndash13823 ndash3193 ndash3730 ndash23209 ndash5826 ndash5730 ndash93 ndash71 ndash26

39 Capital account transactions net Financial account

0 0 na ndash3 ndash1 na ndash3 ndash1 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash111713 ndash4515 ndash15500 64877 58918 213803 ndash84031 ndash22815 ndash14665 ndash7017 ndash791 ndash527

41 US official reserve assets 0 0 0 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets 2 2 1 ndash889 ndash1132 106 ndash704 ndash1066 120 17 6 2 47 US credits and other long-term assets 0 0 0 ndash1684 ndash1178 ndash136 ndash1440 ndash1098 ndash101 ndash1 ndash2 0 48 Repayments on US credits and other long-term assets 8 4 1 1 780 51 236 715 41 211 16 8 1 49 US foreign currency holdings and US short-term assets ndash2 1 () 15 ndash5 6 21 ndash9 10 2 () 1 50 US private assets ndash111716 ndash4517 ndash15501 65767 60050 213697 ndash83327 ndash21748 ndash14785 ndash7034 ndash797 ndash528 51 Direct investment ndash40410 ndash8465 ndash6878 ndash84540 ndash19396 ndash22232 ndash29720 ndash8567 ndash7065 ndash2801 ndash603 ndash1038 52 Foreign securities ndash39029 ndash7264 ndash6644 ndash36906 ndash13879 1445 ndash19927 ndash9326 ndash850 ndash3262 416 573 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1630 278 474 39561 ndash9919 ndash8259 1841 ndash1264 1219 180 68 42 54 US claims reported by US banks and securities brokers 14 ndash33907 10934 ndash2453 147652 103244 242743 ndash35521 ndash2591 ndash8089 ndash1151 ndash678 ndash105 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 58606 5800 20632 30655 1570 ndash57873 86453 18702 31986 ndash1553 203 275 56 Foreign official assets in the United States 3872 ndash535 ndash695 49694 7983 24414 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash20 6 ndash7 194 133 ndash6 190 134 ndash8 6 ndash2 6 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 54734 6335 21327 ndash19039 ndash6413 ndash82287 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 18661 2236 2330 18373 1209 1865 7148 306 849 ndash171 ndash18 19 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 17289 ndash4464 5774 63628 9846 ndash13209 10861 2100 3157 ndash178 ndash157 254 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ndash36 ndash17 8 69 US liabilities reported by US banks and securities brokers 15 24333 ndash8587 4456 ndash126740 ndash22425 ndash61915 18 68254 18 16162 18 27988 18 ndash1174 18 397 18 ndash12 70 Financial derivatives net 3206 ndash130 3705 11754 6556 ndash262 4779 247 593 ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 22833 ndash5038 20 ndash17584 ndash123292 ndash66413 20 ndash159635 26262 13812 20 ndash10133 ndash2891 ndash1886 20 ndash3124

72 Balance on goods (lines 3 and 20) ndash38261 ndash11751 ndash7622 ndash74486 ndash19279 ndash16040 ndash77796 ndash20184 ndash17757 5345 1002 1995 73 Balance on services (lines 4 and 21) 27807 8502 7566 29584 6468 6903 42507 9383 9837 4065 942 969 74 Balance on goods and services (lines 2 and 19) ndash10454 ndash3249 ndash56 ndash44902 ndash12811 ndash9137 ndash35289 ndash10801 ndash7920 9410 1944 2964 75 Balance on income (lines 12 and 29) 39682 7652 9286 78514 16221 17652 27819 7321 6496 2190 610 447 76 Unilateral current transfers net (line 35) ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 27068 3883 8747 16009 ndash630 3967 ndash33459 ndash9945 ndash7782 11461 2474 3375

See the footnotes on pages 92ndash93

87 October 2012 SURVEY OF CURRENT BUSINESS

Transactions by AreamdashContinues of dollars]

Brazil Mexico Venezuela Other South and Central America Other Western Hemisphere

Line

2011 2012

2011 2012

2011 2012

2011 2012

2011 2012

I r II p I r II p I r II p I r II p I r II p

83472 20310 20670 239968 63848 64396 20390 5803 6446 115165 29880 31239 155922 35169 37817 1 64542 15449 16051 224007 59628 59955 17985 5055 5677 104018 26889 28493 58138 13836 14117 2 42821 10156 10674 198711 53214 53492 12338 3719 4286 81535 21586 22633 23084 5639 5963 3 21721 5293 5377 25296 6414 6463 5647 1336 1391 22483 5302 5860 35054 8197 8154 4

9 6 3 60 17 14 () () () 375 96 95 121 32 32 5 5878 1434 1466 6424 1478 1667 1993 354 426 8324 1770 2349 2566 526 496 6 2575 617 635 2825 836 799 946 168 182 2645 636 744 951 200 241 7 1132 257 270 1242 230 226 250 62 65 2054 508 520 1153 300 299 8 3743 844 885 2769 747 781 548 182 189 1940 459 482 4482 1067 1104 9 8374 2133 2115 11947 3099 2968 1908 569 528 7040 1808 1643 25746 6064 5973 10

9 2 2 29 7 8 2 () () 106 26 27 35 9 9 11 18931 4861 4620 15962 4220 4441 2405 748 770 11147 2992 2745 97784 21332 23701 12 18914 4857 4615 15929 4212 4433 2399 747 768 11095 2978 2732 97728 21318 23686 13 11594 2809 2187 11854 3060 3051 2053 651 676 8507 2183 1949 63725 12740 15231 14

7257 2045 2406 3973 1148 1330 346 96 92 2553 687 772 33961 8571 8450 15 63 3 22 102 4 52 0 0 0 35 108 11 42 7 5 16 17 4 4 32 8 8 6 2 2 52 13 13 56 14 15 17

ndash43642 ndash12067 ndash11774 ndash294643 ndash78202 ndash79993 ndash45115 ndash10761 ndash9369 ndash94665 ndash24845 ndash26450 ndash114839 ndash28279 ndash27879 18 ndash38519 ndash10676 ndash10244 ndash281307 ndash74583 ndash76170 ndash44215 ndash10603 ndash9218 ndash91209 ndash23905 ndash25429 ndash67751 ndash15846 ndash15333 19 ndash31549 ndash8821 ndash8261 ndash267345 ndash70579 ndash72443 ndash43391 ndash10389 ndash9011 ndash76260 ndash20073 ndash21123 ndash19774 ndash4734 ndash4246 20 ndash6970 ndash1855 ndash1984 ndash13962 ndash4004 ndash3727 ndash824 ndash215 ndash207 ndash14949 ndash3832 ndash4306 ndash47977 ndash11112 ndash11088 21

ndash15 ndash1 ndash4 ndash11 ndash3 ndash2 ndash2 0 0 ndash226 ndash51 ndash61 ndash27 ndash6 ndash7 22 ndash1065 ndash305 ndash372 ndash8616 ndash2657 ndash2375 ndash277 ndash71 ndash65 ndash7742 ndash1988 ndash2454 ndash5986 ndash1657 ndash1580 23

ndash327 ndash97 ndash98 ndash702 ndash240 ndash238 ndash64 ndash20 ndash17 ndash1686 ndash486 ndash445 ndash649 ndash172 ndash154 24 ndash541 (D) ndash141 ndash871 ndash184 ndash150 ndash221 (D) ndash58 (D) ndash464 ndash436 (D) (D) ndash475 25

ndash1065 (D) ndash325 ndash476 ndash124 ndash123 ndash104 (D) ndash33 (D) ndash51 ndash52 (D) (D) ndash191 26 ndash3931 ndash987 ndash1037 ndash3080 ndash746 ndash787 ndash148 ndash30 ndash32 ndash2993 ndash719 ndash782 ndash38537 ndash8583 ndash8656 27

ndash26 ndash6 ndash7 ndash206 ndash50 ndash52 ndash8 ndash2 ndash2 ndash304 ndash72 ndash76 ndash92 ndash23 ndash24 28 ndash5123 ndash1392 ndash1530 ndash13336 ndash3620 ndash3823 ndash900 ndash158 ndash152 ndash3456 ndash941 ndash1021 ndash47088 ndash12433 ndash12545 29 ndash5061 ndash1375 ndash1515 ndash4752 ndash1814 ndash1720 ndash878 ndash151 ndash147 ndash2865 ndash813 ndash876 ndash46503 ndash12310 ndash12400 30

5 (D) ndash195 ndash1785 ndash1002 ndash885 (D) (D) ndash40 (D) () ndash34 ndash2202 ndash683 ndash742 31 ndash205 ndash55 ndash57 ndash1231 ndash329 ndash319 ndash198 ndash59 ndash61 ndash1477 ndash402 ndash412 ndash39047 ndash10325 ndash10408 32

ndash4861 (D) ndash1263 ndash1736 ndash483 ndash516 (D) (D) ndash46 (D) ndash411 ndash430 ndash5254 ndash1302 ndash1250 33 ndash62 ndash16 ndash15 ndash8584 ndash1806 ndash2104 ndash22 ndash7 ndash5 ndash591 ndash128 ndash146 ndash586 ndash122 ndash145 34

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 35 ndash41 ndash9 ndash6 ndash495 ndash89 ndash92 ndash22 ndash1 ndash2 ndash1454 ndash354 ndash337 ndash848 ndash170 ndash152 36 ndash27 ndash7 ndash7 ndash382 ndash92 ndash94 ndash4 ndash1 ndash1 ndash310 ndash77 ndash79 ndash153 ndash37 ndash38 37

ndash364 ndash105 ndash80 ndash13756 ndash3426 ndash3424 ndash32 22 ndash3 ndash8964 ndash2246 ndash2196 9387 2633 2000 38

0 0 na 0 0 na 0 0 na ndash3 ndash1 na 0 0 na 39

ndash39462 ndash6335 ndash1387 ndash23906 ndash9076 ndash7132 ndash3155 ndash688 324 ndash10491 ndash5926 ndash5944 148908 81733 228468 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

45 90 6 72 ndash685 ndash20 84 0 0 0 ndash126 ndash1058 ndash37 ndash186 ndash65 ndash14 46

ndash90 ndash4 0 ndash820 ndash20 ndash4 0 0 0 ndash528 ndash1073 ndash97 ndash244 ndash80 ndash35 47 180 21 68 142 3 77 0 0 0 376 10 66 64 10 25 48

0 ndash11 4 ndash7 ndash3 11 0 0 0 26 5 ndash6 ndash6 4 ndash4 49 ndash39552 ndash6340 ndash1459 ndash23221 ndash9055 ndash7215 ndash3155 ndash688 324 ndash10365 ndash4868 ndash5907 149094 81798 228482 50 ndash9805 ndash2816 ndash1213 ndash8310 ndash2749 ndash2507 ndash2324 ndash182 ndash688 ndash6480 ndash2217 ndash1619 ndash54820 ndash10829 ndash15167 51 ndash2892 ndash4428 ndash415 ndash14634 ndash5488 ndash1566 ndash726 ndash43 792 1587 217 ndash234 ndash16979 ndash4553 2295 52

210 4 89 1183 ndash532 487 5 ndash261 253 263 ndash543 348 37720 ndash8655 ndash9478 53 ndash27065 900 80 ndash1460 ndash286 ndash3629 ndash110 ndash202 ndash33 ndash5735 ndash2325 ndash4402 183173 105835 250832 54

36759 9432 5839 18473 1844 20673 5572 ndash2710 ndash299 27201 9933 5498 ndash55797 ndash17132 ndash89859 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 123 41 ndash32 81 ndash1 7 0 0 0 ndash20 96 11 4 ndash1 2 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

3664 ndash131 269 2491 292 843 996 68 ndash206 167 95 ndash76 11226 903 1016 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 197 635 1248 8127 751 1201 841 299 232 1874 572 222 52767 7746 ndash16366 66 na na na na na na na na na na na na na na na 67 305 10 194 ndash210 ndash95 101 ndash278 190 36 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 68

18 32470 18 8877 18 4160 18 7984 18 897 18 18521 18 4013 18 ndash3267 18 ndash361 18 25180 18 9170 18 5341 18 ndash119794 18 ndash25780 18 ndash74511 69 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 4779 247 593 6975 6309 ndash855 70

ndash36695 ndash11219 20 ndash13255 74740 25193 20 5666 22366 8336 20 2904 ndash31258 ndash6612 20 ndash2323 ndash149554 ndash80225 20 ndash149503 71

11272 1335 2413 ndash68634 ndash17365 ndash18951 ndash31053 ndash6670 ndash4725 5275 1513 1511 3310 905 1717 72 14751 3438 3393 11334 2410 2736 4823 1122 1184 7534 1471 1554 ndash12923 ndash2915 ndash2934 73 26022 4773 5807 ndash57300 ndash14954 ndash16214 ndash26230 ndash5548 ndash3541 12809 2984 3064 ndash9613 ndash2010 ndash1217 74 13808 3470 3090 2626 600 617 1505 590 618 7691 2051 1724 50695 8900 11156 75

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 76 39398 8122 8803 ndash69307 ndash17961 ndash19207 ndash24784 ndash4938 ndash2929 9772 2358 2176 49468 9316 11749 77

88 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Asia and Pacific Australia China Hong Kong

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 712963 183175 182661 65972 17277 17407 144330 37377 34783 54341 13492 13744 2 Exports of goods and services 586414 151245 149694 43830 11284 11869 131994 34881 32272 43780 11197 11770 3 Goods balance of payments basis 2 418116 105377 107533 27463 7466 7666 105263 27268 26187 37687 9676 10285 4 Services 3 168298 45868 42162 16368 3818 4203 26731 7613 6085 6093 1521 1485 5 Transfers under US military agency sales contracts 4 10374 2616 2650 264 79 52 () () () () () () 6 Travel 31798 8098 8383 4252 890 1335 5689 1306 1316 444 114 134 7 Passenger fares 9344 2765 2338 711 223 163 2051 566 429 147 41 44 8 Other transportation 14522 3531 3694 481 112 113 2358 558 597 1743 406 400 9 Royalties and license fees 5 34696 9014 9477 3314 717 748 4114 1044 1092 621 145 151

10 Other private services 5 67074 19711 15500 7330 1794 1784 12490 4132 2644 3132 814 754 11 US government miscellaneous services 489 133 120 16 4 7 28 8 7 6 2 2 12 Income receipts 126549 31930 32967 22142 5993 5538 12336 2496 2511 10562 2296 1973 13 Income receipts on US-owned assets abroad 126123 31822 32858 22116 5987 5532 12270 2480 2495 10562 2296 1973 14 Direct investment receipts 80723 19759 19344 11637 3281 2764 9677 1736 1561 6559 1259 814 15 Other private receipts 44991 11929 13368 10468 2705 2768 2561 737 929 3994 1036 1155 16 US government receipts 408 134 146 11 1 0 32 7 5 9 () 4 17 Compensation of employees 427 109 109 26 7 7 65 16 17 0 0 0 18 Imports of goods and services and income payments ndash1067404 ndash266832 ndash280673 ndash24586 ndash6257 ndash6386 ndash456388 ndash107956 ndash117962 ndash19186 ndash4937 ndash5118 19 Imports of goods and services ndash926939 ndash231327 ndash245201 ndash16984 ndash4029 ndash4172 ndash412037 ndash97308 ndash107348 ndash11847 ndash3050 ndash3216 20 Goods balance of payments basis 2 ndash818921 ndash202330 ndash216305 ndash10437 ndash2307 ndash2539 ndash400642 ndash94271 ndash104182 ndash4891 ndash1280 ndash1411 21 Services 3 ndash108018 ndash28997 ndash28896 ndash6546 ndash1722 ndash1633 ndash11395 ndash3036 ndash3166 ndash6955 ndash1770 ndash1806 22 Direct defense expenditures ndash9816 ndash2645 ndash2625 ndash171 ndash46 ndash63 ndash12 ndash3 ndash3 ndash28 ndash3 ndash2 23 Travel ndash17883 ndash5045 ndash4871 ndash1597 ndash441 ndash418 ndash2691 ndash813 ndash854 ndash1115 ndash289 ndash344 24 Passenger fares ndash10817 ndash3499 ndash2982 ndash951 ndash309 ndash192 ndash614 ndash180 ndash198 ndash1392 ndash408 ndash369 25 Other transportation ndash19243 ndash4710 ndash4902 ndash278 ndash69 ndash70 ndash3081 ndash768 ndash763 ndash2061 ndash508 ndash510 26 Royalties and license fees 5 ndash8635 ndash2659 ndash2684 ndash492 ndash123 ndash123 ndash186 ndash51 ndash50 ndash66 ndash20 ndash20 27 Other private services 5 ndash40688 ndash10246 ndash10641 ndash2997 ndash719 ndash753 ndash4757 ndash1211 ndash1286 ndash2252 ndash532 ndash550 28 US government miscellaneous services ndash936 ndash193 ndash192 ndash60 ndash15 ndash14 ndash54 ndash10 ndash12 ndash41 ndash10 ndash11 29 Income payments ndash140465 ndash35505 ndash35471 ndash7603 ndash2228 ndash2214 ndash44351 ndash10649 ndash10614 ndash7340 ndash1887 ndash1902 30 Income payments on foreign-owned assets in the United States ndash138498 ndash34879 ndash35042 ndash7534 ndash2211 ndash2198 ndash43905 ndash10486 ndash10525 ndash7317 ndash1879 ndash1897 31 Direct investment payments ndash23368 ndash6008 ndash6014 ndash3864 ndash1247 ndash1211 ndash172 ndash50 ndash122 ndash240 ndash81 ndash101 32 Other private payments ndash27471 ndash7437 ndash7757 ndash3145 ndash814 ndash835 ndash3930 ndash1137 ndash1229 ndash1562 ndash436 ndash448 33 US government payments ndash87659 ndash21434 ndash21271 ndash525 ndash150 ndash152 ndash39803 ndash9299 ndash9174 ndash5515 ndash1362 ndash1348 34 Compensation of employees ndash1966 ndash626 ndash429 ndash69 ndash17 ndash17 ndash447 ndash163 ndash89 ndash23 ndash8 ndash4 35 Unilateral current transfers net ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 36 US government grants 4 ndash15849 ndash3413 ndash4491 0 0 0 ndash46 ndash5 ndash5 0 0 0 37 US government pensions and other transfers ndash1182 ndash309 ndash317 ndash108 ndash29 ndash30 ndash12 ndash3 ndash3 ndash16 ndash4 ndash4 38 Private remittances and other transfers 6

Capital account ndash23825 ndash6261 ndash4897 ndash1494 ndash143 ndash5 ndash2916 ndash964 ndash593 ndash468 ndash123 ndash94

39 Capital account transactions net Financial account

ndash133 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash163615 9670 ndash40015 ndash32996 ndash928 10070 ndash1342 ndash932 ndash1142 ndash13687 12961 ndash20268

41 US official reserve assets 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 933 ndash14 ndash14 46 US government assets other than official reserve assets ndash15051 ndash275 13313 ndash338 9 2 104 40 ndash2 ndash223 5 2 47 US credits and other long-term assets ndash1797 ndash930 ndash328 ndash340 0 0 0 0 0 ndash233 0 0 48 Repayments on US credits and other long-term assets 8 766 123 201 3 10 2 113 27 21 9 6 2 49 US foreign currency holdings and US short-term assets ndash14019 532 13440 () ndash1 () ndash9 13 ndash23 1 ndash1 () 50 US private assets ndash149497 9958 ndash53315 ndash32658 ndash937 10068 ndash1446 ndash973 ndash1140 ndash13464 12956 ndash20271 51 Direct investment ndash41439 ndash15963 ndash15740 ndash13684 ndash5427 ndash4156 1663 ndash2168 ndash1309 ndash4834 3459 ndash4802 52 Foreign securities 9139 ndash3568 29465 ndash1253 211 7702 ndash1171 3467 1226 8251 ndash3719 3589 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 2832 996 ndash6361 703 519 414 ndash91 ndash82 248 366 ndash407 ndash1330 54 US claims reported by US banks and securities brokers 14 ndash120029 28493 ndash60679 ndash18424 3760 6108 ndash1847 ndash2190 ndash1305 ndash17247 13623 ndash17728 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 270599 97594 62778 21992 ndash2427 5853 ndash31594 68961 26870 ndash7998 2568 ndash13652 56 Foreign official assets in the United States 78682 54430 9587 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 6201 882 799 479 ndash36 375 0 0 0 0 0 0 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 191917 43164 53191 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 46176 7070 11264 17446 2116 ndash1192 576 ndash320 259 491 79 123 65 US Treasury securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 13025 9360 147 ndash2046 ndash1242 ndash961 ndash1372 2974 ndash3746 ndash8032 498 ndash1779 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ndash192 55 148 1466 931 269 ndash327 544 ndash22 69 US liabilities reported by US banks and securities brokers 15 87809 ndash5547 56741 18 6305 18 ndash3320 18 7483 18 ndash32264 18 65376 18 30088 18 ndash130 18 1447 18 ndash11974 70 Financial derivatives net 1189 517 ndash251 ndash180 ndash1005 ndash2706 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 287256 ndash14141 20 85206 ndash28599 ndash6489 20 ndash24203 347969 3522 20 58052 ndash12986 ndash23957 20 25393

72 Balance on goods (lines 3 and 20) ndash400805 ndash96953 ndash108773 17025 5159 5127 ndash295378 ndash67003 ndash77995 32796 8396 8875 73 Balance on services (lines 4 and 21) 60280 16871 13265 9821 2096 2570 15335 4577 2919 ndash862 ndash249 ndash321 74 Balance on goods and services (lines 2 and 19) ndash340526 ndash80082 ndash95507 26846 7255 7697 ndash280043 ndash62427 ndash75076 31933 8147 8554 75 Balance on income (lines 12 and 29) ndash13915 ndash3575 ndash2504 14540 3765 3324 ndash32016 ndash8153 ndash8103 3222 409 72 76 Unilateral current transfers net (line 35) ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash395296 ndash93640 ndash107717 39784 10849 10986 ndash315033 ndash71551 ndash83780 34672 8428 8527

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 89

Transactions by AreamdashContinues of dollars]

India Japan Korea Republic of Singapore Taiwan Other Asia and Pacific

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

38473 9870 10301 135847 35489 34599 70379 18851 17494 65136 16312 17598 42014 10642 11123 96471 23864 25612 1 32724 8196 8390 112133 30043 28695 61917 16842 15360 42035 10253 11017 37957 9527 9907 80045 19023 20415 2 21616 4892 5420 67204 17713 17768 45150 11959 11299 31373 7417 8018 27113 6282 6708 55247 12704 14180 3 11108 3304 2969 44929 12330 10927 16767 4883 4060 10661 2836 2999 10844 3244 3199 24798 6319 6235 4

39 31 15 346 78 93 153 38 47 174 42 80 369 106 138 9030 2242 2226 5 3079 658 1150 10141 3020 2158 3673 1184 915 629 119 195 1114 267 293 2777 540 887 6 1339 296 509 4614 1585 1032 124 21 33 6 5 3 2 1 () 350 27 125 7

351 97 81 3540 887 901 2127 483 540 798 215 225 1876 454 506 1248 319 331 8 676 175 183 10653 2513 2638 4532 1251 1321 3822 992 1041 5146 1686 1787 1817 493 516 9

5574 2035 1019 15445 4192 4064 6105 1893 1189 5196 1454 1446 2307 721 468 9494 2677 2132 10 50 13 12 189 55 41 52 13 14 37 10 9 30 9 7 82 21 19 11

5749 1674 1911 23714 5446 5904 8462 2009 2134 23101 6059 6581 4057 1115 1216 16426 4841 5197 12 5730 1669 1906 23635 5426 5884 8456 2007 2132 23074 6053 6574 4037 1110 1211 16242 4794 5149 13 3402 1018 1122 9948 1807 2030 4382 910 760 21223 5583 6072 1962 546 462 11934 3620 3757 14 2314 604 781 13621 3594 3821 4058 1096 1363 1851 470 502 2075 564 749 4049 1123 1300 15

14 47 3 67 25 33 16 2 9 0 0 0 0 0 0 259 52 92 16 19 5 5 79 20 20 6 2 2 27 7 7 20 5 5 185 47 47 17

ndash54951 ndash14456 ndash15188 ndash215400 ndash59554 ndash58560 ndash74037 ndash18587 ndash20705 ndash30999 ndash8162 ndash8031 ndash55557 ndash12474 ndash13799 ndash136300 ndash34448 ndash34925 18 ndash53259 ndash14003 ndash14769 ndash159286 ndash45430 ndash44371 ndash68479 ndash16940 ndash18992 ndash24603 ndash6470 ndash6390 ndash48605 ndash10802 ndash12146 ndash131840 ndash33296 ndash33797 19 ndash36338 ndash9532 ndash10415 ndash131836 ndash38178 ndash36813 ndash57454 ndash13926 ndash15897 ndash20081 ndash5239 ndash5138 ndash41526 ndash8870 ndash10234 ndash115717 ndash28727 ndash29677 20 ndash16921 ndash4471 ndash4355 ndash27450 ndash7251 ndash7558 ndash11025 ndash3014 ndash3095 ndash4522 ndash1231 ndash1252 ndash7079 ndash1933 ndash1912 ndash16123 ndash4569 ndash4120 21

ndash19 ndash2 ndash12 ndash2425 ndash696 ndash690 ndash2609 ndash729 ndash700 ndash57 ndash37 ndash15 ndash310 ndash77 ndash85 ndash4185 ndash1052 ndash1055 22 ndash2196 ndash553 ndash383 ndash3435 ndash794 ndash1001 ndash1677 ndash435 ndash548 ndash349 ndash120 ndash101 ndash1022 ndash321 ndash283 ndash3801 ndash1279 ndash939 23

ndash239 ndash80 ndash52 ndash1526 ndash467 ndash464 ndash2355 ndash740 ndash650 ndash289 ndash84 ndash70 ndash1695 ndash568 ndash505 ndash1756 ndash663 ndash482 24 ndash185 ndash54 ndash37 ndash6064 ndash1526 ndash1557 ndash3129 ndash719 ndash790 ndash897 ndash195 ndash227 ndash2751 ndash675 ndash735 ndash797 ndash196 ndash213 25 ndash153 ndash73 ndash75 ndash7475 ndash2313 ndash2336 ndash118 ndash39 ndash40 ndash51 ndash12 ndash12 ndash43 ndash11 ndash11 ndash52 ndash17 ndash16 26

ndash14104 ndash3702 ndash3789 ndash6272 ndash1431 ndash1485 ndash1098 ndash342 ndash358 ndash2856 ndash776 ndash821 ndash1251 ndash279 ndash291 ndash5099 ndash1255 ndash1308 27 ndash26 ndash7 ndash7 ndash252 ndash24 ndash25 ndash39 ndash10 ndash10 ndash22 ndash6 ndash6 ndash8 ndash2 ndash2 ndash432 ndash108 ndash107 28

ndash1692 ndash453 ndash418 ndash56114 ndash14125 ndash14190 ndash5557 ndash1647 ndash1712 ndash6396 ndash1693 ndash1640 ndash6953 ndash1672 ndash1653 ndash4459 ndash1152 ndash1128 29 ndash1096 ndash270 ndash283 ndash56014 ndash14091 ndash14166 ndash5360 ndash1574 ndash1673 ndash6381 ndash1688 ndash1637 ndash6880 ndash1645 ndash1638 ndash4012 ndash1034 ndash1026 30

ndash370 ndash112 ndash117 ndash15459 ndash3421 ndash3426 ndash1322 ndash590 ndash665 ndash1157 ndash331 ndash250 ndash692 ndash155 ndash129 ndash93 ndash20 6 31 ndash67 ndash13 ndash11 ndash11996 ndash3266 ndash3381 ndash857 ndash197 ndash201 ndash3777 ndash1001 ndash1049 ndash1325 ndash348 ndash365 ndash812 ndash225 ndash238 32

ndash659 ndash145 ndash155 ndash28559 ndash7404 ndash7359 ndash3181 ndash787 ndash807 ndash1447 ndash356 ndash338 ndash4863 ndash1142 ndash1144 ndash3107 ndash789 ndash794 33 ndash596 ndash183 ndash135 ndash100 ndash33 ndash24 ndash197 ndash73 ndash39 ndash15 ndash5 ndash3 ndash73 ndash27 ndash15 ndash448 ndash118 ndash102 34

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 35 ndash109 ndash21 ndash17 ndash104 ndash13 ndash12 ndash1 0 0 () 0 0 ndash5 () ndash1 ndash15583 ndash3374 ndash4456 36 ndash28 ndash7 ndash7 ndash329 ndash86 ndash88 ndash76 ndash20 ndash21 ndash8 ndash2 ndash2 ndash12 ndash3 ndash3 ndash593 ndash155 ndash159 37

ndash8440 ndash2353 ndash1979 ndash1712 ndash172 ndash170 ndash1109 ndash392 ndash248 ndash111 ndash24 ndash14 ndash255 ndash109 ndash56 ndash7319 ndash1981 ndash1736 38

0 0 na ndash54 0 na 0 0 na 0 0 na 0 0 na ndash79 0 na 39

ndash13288 ndash1805 ndash3387 ndash81550 18450 ndash32776 ndash10269 ndash3685 3296 ndash7396 ndash10497 3232 2399 1417 199 ndash5486 ndash5312 761 40 0 0 0 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

933 ndash14 ndash14 45 ndash10 ndash630 6 ndash13990 526 13467 ndash91 28 24 ndash3 3 ndash1 3 ndash4 () ndash503 ndash252 ndash185 46 ndash43 ndash635 0 0 0 0 ndash130 0 0 0 0 0 0 0 0 ndash1050 ndash296 ndash328 47 37 3 7 0 0 0 78 20 26 0 0 0 0 0 0 526 57 143 48 ndash4 2 ndash1 ndash13990 526 13467 ndash38 8 ndash2 ndash3 3 ndash1 3 ndash4 () 21 ndash14 () 49

ndash13278 ndash1175 ndash3393 ndash68493 17938 ndash46229 ndash10178 ndash3713 3272 ndash7393 ndash10500 3233 2397 1421 199 ndash4983 ndash5060 946 50 ndash2455 ndash1540 ndash1116 ndash5062 ndash1878 1421 ndash4305 ndash629 ndash90 ndash7571 ndash4140 ndash3167 469 ndash146 ndash313 ndash5659 ndash3495 ndash2208 51 ndash3377 ndash384 ndash487 2637 254 ndash592 ndash2288 ndash3298 4778 3321 864 7546 2692 ndash527 ndash396 327 ndash436 6099 52

ndash703 39 ndash8 ndash794 1422 ndash7063 220 346 307 3060 ndash286 1112 14 ndash529 ndash69 57 ndash26 28 53 ndash6743 710 ndash1782 ndash65274 18140 ndash39995 ndash3805 ndash132 ndash1723 ndash6203 ndash6938 ndash2258 ndash778 2623 977 292 ndash1103 ndash2973 54

ndash5117 1453 5993 240731 4050 37857 11463 5465 7038 9375 ndash218 ndash797 111 9295 ndash1336 31637 8446 ndash5048 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 439 ndash24 248 ndash16 ndash111 7 ndash66 ndash116 ndash14 ndash19 ndash12 ndash26 1096 261 231 4288 920 ndash22 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 764 () 686 18598 2799 9826 3594 1639 915 2546 761 337 539 112 112 1623 ndash117 198 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash641 ndash224 ndash120 28265 4930 885 1586 1217 1153 ndash4788 ndash1485 2064 1385 999 2054 ndash1332 1693 597 66 na na na na na na na na na na na na na na na na na na 67

ndash162 43 ndash104 301 389 ndash419 251 ndash28 ndash63 ( 18) ( 18) ( 18) ndash10 44 59 ( 18) ( 18) ( 18) 68 18 ndash5517 18 1658 18 5283 18 193583 18 ndash3957 18 27558 18 6098 18 2753 18 5047 18 11636 18 518 18 ndash3172 18 ndash2899 18 7879 18 ndash3792 18 27058 18 5950 18 ndash5821 69

( 19) ( 19) ( 19) ndash7822 496 ndash49 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 9191 1026 2504 70 43461 7318 20 4284 ndash69607 1340 20 19200 3651 ndash1632 20 ndash6854 ndash35996 2591 20 ndash11986 11305 ndash8768 20 3872 28060 11934 20 17447 71

ndash14722 ndash4640 ndash4994 ndash64632 ndash20465 ndash19045 ndash12304 ndash1967 ndash4598 11292 2178 2880 ndash14413 ndash2587 ndash3526 ndash60470 ndash16023 ndash15497 72 ndash5814 ndash1166 ndash1385 17479 5079 3369 5742 1868 965 6139 1605 1747 3764 1312 1287 8675 1750 2115 73

ndash20536 ndash5807 ndash6380 ndash47153 ndash15386 ndash15676 ndash6562 ndash98 ndash3633 17431 3783 4627 ndash10648 ndash1276 ndash2239 ndash51795 ndash14274 ndash13381 74 4057 1221 1493 ndash32400 ndash8679 ndash8285 2904 362 422 16706 4367 4941 ndash2895 ndash556 ndash436 11967 3690 4069 75

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 76 ndash25056 ndash6966 ndash6891 ndash81697 ndash24336 ndash24232 ndash4844 ndash148 ndash3480 34017 8124 9551 ndash13816 ndash1945 ndash2735 ndash63324 ndash16094 ndash15664 77

90 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Middle East Africa

2011 2012

2011 2012

I r II pI r II p

Current account 1 Exports of goods and services and income receipts 99843 26617 26982 57868 14189 14684 2 Exports of goods and services 82037 21951 22670 46669 11428 11925 3 Goods balance of payments basis 2 59397 16202 16800 33808 8052 8745 4 Services 3 22640 5749 5870 12860 3376 3180 5 Transfers under US military agency sales contracts 4 4181 981 870 602 196 138 6 Travel 3651 755 1034 1591 323 447 7 Passenger fares 530 97 162 645 149 170 8 Other transportation 2244 562 683 498 114 106 9 Royalties and license fees 5 1010 293 306 1192 275 287

10 Other private services 5 10942 3039 2794 8255 2300 2012 11 US government miscellaneous services 82 22 20 77 19 21 12 Income receipts 17806 4667 4312 11200 2760 2759 13 Income receipts on US-owned assets abroad 17625 4620 4266 11113 2737 2735 14 Direct investment receipts 15226 4016 3598 8520 2052 1888 15 Other private receipts 2261 575 631 2365 658 802 16 US government receipts 138 29 37 228 27 45 17 Compensation of employees 182 46 47 86 24 24 18 Imports of goods and services and income payments ndash133298 ndash34113 ndash40673 ndash103924 ndash19566 ndash21594 19 Imports of goods and services ndash124109 ndash31794 ndash38246 ndash102038 ndash19111 ndash21199 20 Goods balance of payments basis 2 ndash106531 ndash27874 ndash34059 ndash93323 ndash16991 ndash19017 21 Services 3 ndash17578 ndash3920 ndash4187 ndash8715 ndash2121 ndash2182 22 Direct defense expenditures ndash6256 ndash1131 ndash1100 ndash445 ndash95 ndash103 23 Travel ndash3009 ndash720 ndash940 ndash3422 ndash893 ndash887 24 Passenger fares ndash2336 ndash654 ndash672 ndash660 ndash179 ndash196 25 Other transportation ndash1565 ndash391 ndash396 ndash560 ndash128 ndash129 26 Royalties and license fees 5 ndash228 ndash57 ndash56 ndash66 ndash24 ndash25 27 Other private services 5 ndash3869 ndash893 ndash945 ndash2987 ndash652 ndash690 28 US government miscellaneous services ndash314 ndash74 ndash78 ndash576 ndash149 ndash152 29 Income payments ndash9189 ndash2319 ndash2427 ndash1886 ndash455 ndash395 30 Income payments on foreign-owned assets in the United States ndash9036 ndash2274 ndash2393 ndash1592 ndash380 ndash327 31 Direct investment payments ndash1 87 42 ndash512 ndash103 ndash41 32 Other private payments ndash5311 ndash1483 ndash1576 ndash398 ndash115 ndash124 33 US government payments ndash3724 ndash878 ndash859 ndash682 ndash162 ndash162 34 Compensation of employees ndash154 ndash45 ndash34 ndash294 ndash75 ndash68 35 Unilateral current transfers net ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 36 US government grants 4 ndash7644 ndash3235 ndash1231 ndash9807 ndash2017 ndash3178 37 US government pensions and other transfers ndash144 ndash36 ndash37 ndash40 ndash10 ndash10 38 Private remittances and other transfers 6

Capital account ndash3758 ndash856 ndash906 ndash7130 ndash1875 ndash1632

39 Capital account transactions net Financial account

0 0 na ndash1072 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) 4270 ndash8199 3129 1794 ndash2348 1124

41 US official reserve assets 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets ndash219 ndash44 ndash11 1020 ndash14 ndash12 47 US credits and other long-term assets ndash431 ndash85 ndash81 ndash345 ndash72 ndash64 48 Repayments on US credits and other long-term assets 8 202 47 66 1356 63 61 49 US foreign currency holdings and US short-term assets 10 ndash6 4 10 ndash4 ndash9 50 US private assets 4489 ndash8155 3140 774 ndash2335 1136 51 Direct investment ndash846 ndash3924 ndash3324 ndash5127 ndash1466 713 52 Foreign securities 2817 57 733 ndash1603 ndash402 760 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1302 ndash699 ndash58 ndash142 395 ndash92 54 US claims reported by US banks and securities brokers 14 1216 ndash3589 5789 7646 ndash862 ndash245 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 67973 ndash2975 14154 ndash11760 2355 958 56 Foreign official assets in the United States 52584 421 13528 ndash11843 ndash3308 3131 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 60 Other US government liabilities 11 3165 1723 2049 53 188 147 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 63 Other foreign assets in the United States 15389 ndash3396 626 83 5663 ndash2173 64 Direct investment 9098 602 ndash924 2060 63 160 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 66 US securities other than US Treasury securities 2263 609 1412 559 104 109 67 US currency na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 69 US liabilities reported by US banks and securities brokers 15 7135 ndash4065 199 2661 3694 ndash2555 70 Financial derivatives net ( 19) ( 19) ( 19) 2603 332 ndash86 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash27242 22796 20 ndash1419 71468 8941 20 9734

72 Balance on goods (lines 3 and 20) ndash47134 ndash11672 ndash17258 ndash59514 ndash8938 ndash10272 73 Balance on services (lines 4 and 21) 5062 1829 1682 4145 1255 998 74 Balance on goods and services (lines 2 and 19) ndash42072 ndash9843 ndash15576 ndash55369 ndash7683 ndash9274 75 Balance on income (lines 12 and 29) 8617 2348 1885 9313 2305 2364 76 Unilateral current transfers net (line 35) ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash45001 ndash11622 ndash15864 ndash63033 ndash9280 ndash11730

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 91

Transactions by AreamdashTable Ends of dollars]

South Africa Other Africa International organizations and unallocated 22

Line 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p

12589 3062 3438 45279 11127 11246 58399 14756 15176 1 10108 2457 2550 36561 8972 9375 2503 622 608 2 7259 1826 1863 26550 6227 6882 0 0 0 3 2849 631 687 10011 2745 2493 2503 622 608 4

2 1 () 600 196 138 122 22 24 5 299 58 93 1292 265 354 0 0 0 6 247 54 76 398 95 94 0 0 0 7 134 24 22 364 90 84 60 24 6 8 821 184 192 372 91 95 4 3 3 9

1341 308 301 6914 1992 1711 2317 573 574 10 5 3 3 71 16 18 0 0 0 11

2481 605 887 8718 2155 1871 55896 14134 14569 12 2476 604 886 8638 2133 1849 51681 13066 13498 13

733 109 255 7787 1943 1633 22676 5643 5643 14 1732 495 626 633 163 176 28699 7394 7830 15

11 0 5 217 27 40 306 29 25 16 6 1 1 81 22 22 4215 1068 1071 17

ndash12317 ndash2727 ndash2972 ndash91607 ndash16839 ndash18621 ndash16764 ndash4398 ndash4505 18 ndash11447 ndash2546 ndash2777 ndash90591 ndash16566 ndash18421 ndash288 ndash145 ndash115 19

ndash9539 ndash2100 ndash2192 ndash83784 ndash14891 ndash16824 0 0 0 20 ndash1908 ndash446 ndash585 ndash6807 ndash1675 ndash1597 ndash288 ndash145 ndash115 21

ndash8 ndash3 ndash3 ndash437 ndash92 ndash100 0 0 0 22 ndash825 ndash167 ndash274 ndash2597 ndash726 ndash613 0 0 0 23 ndash163 ndash38 ndash57 ndash497 ndash141 ndash139 0 0 0 24 ndash96 (D) ndash22 ndash464 (D) ndash107 ndash227 ndash58 ndash29 25 ndash50 (D) ndash21 ndash16 (D) ndash4 ndash40 ndash83 ndash82 26

ndash704 ndash178 ndash193 ndash2282 ndash474 ndash498 ndash21 ndash4 ndash4 27 ndash62 ndash16 ndash16 ndash514 ndash134 ndash136 () 0 0 28

ndash871 ndash182 ndash195 ndash1016 ndash273 ndash200 ndash16476 ndash4253 ndash4390 29 ndash675 ndash142 ndash146 ndash917 ndash238 ndash181 ndash16476 ndash4253 ndash4390 30

(D) (D) (D) (D) (D) (D) ndash7051 ndash1756 ndash1763 31 ndash103 ndash27 ndash28 ndash295 ndash88 ndash96 ndash8396 ndash2287 ndash2422 32

(D) (D) (D) (D) (D) (D) ndash1029 ndash210 ndash205 33 ndash196 ndash40 ndash49 ndash98 ndash35 ndash19 0 0 0 34

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 35 ndash374 ndash89 ndash120 ndash9433 ndash1928 ndash3058 ndash9016 ndash1983 ndash1515 36

ndash8 ndash2 ndash2 ndash32 ndash8 ndash8 ndash3871 ndash576 ndash599 37 ndash714 ndash185 ndash180 ndash6416 ndash1690 ndash1452 ndash20973 ndash5174 ndash5485 38

0 0 na ndash1072 0 na 0 0 na 39

ndash1098 ndash1702 ndash134 2892 ndash646 1258 ndash37569 ndash7425 ndash7312 40 0 0 0 0 0 0 ndash16327 ndash1089 ndash3189 41 0 0 0 0 0 0 0 0 0 42

1752 ndash11 ndash10 43

ndash18079 ndash1078 ndash3179 44

45 ndash3 ndash1 ndash4 1023 ndash13 ndash8 ndash2019 ndash237 ndash1614 46 0 0 0 ndash345 ndash72 ndash64 ndash2183 ndash240 ndash1629 47 0 0 0 1356 63 61 32 2 15 48

ndash3 ndash1 ndash4 13 ndash3 ndash5 132 0 0 49 ndash1095 ndash1701 ndash130 1869 ndash634 1266 ndash19223 ndash6099 ndash2509 50

ndash722 74 ndash56 ndash4405 ndash1540 769 ndash22676 ndash5643 ndash5643 51 ndash1065 ndash1118 ndash164 ndash538 716 924 968 ndash1708 1240 52

43 ndash6 194 ndash185 401 ndash286 2 ndash2 5 53 649 ndash651 ndash104 6997 ndash211 ndash141 2483 1254 1889 54

74 591 438 ndash11834 1764 520 70832 22534 584 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 26 8 0 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 59

0 2 0 53 186 147 26 8 0 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 70806 22526 584 63 255 ndash5 73 1805 68 87 7051 1756 1763 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 ndash44 126 ndash30 603 ndash22 139 ndash1966 ndash315 277 66 na na na na na na 54996 18057 7116 67 68 107 ndash7 ( 18) ( 18) ( 18) 29 4 2 68

18 ndash205 18 361 18 402 18 ndash14295 18 1532 18 147 18 10696 18 3024 18 ndash8574 69 ( 19) ( 19) ( 19) 2603 332 ndash86 ndash976 ndash280 ndash328 70

1848 1052 20 ndash467 69619 7889 20 10201 ndash40062 ndash17454 20 3984 71

ndash2280 ndash274 ndash329 ndash57235 ndash8664 ndash9943 0 0 0 72 941 185 102 3204 1070 896 2215 477 493 73

ndash1339 ndash89 ndash227 ndash54030 ndash7594 ndash9047 2215 477 493 74 1611 424 693 7703 1882 1671 39420 9881 10179 75

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 76 ndash824 58 163 ndash62209 ndash9338 ndash11893 7775 2625 3072 77

92 US International Transactions October 2012

Footnotes to US International Transactions Tables 1ndash12

General notes for all tables p Preliminary r Revised 0 Transactions are possible but are zero for a given period () Transactions are less than $500000(plusmn) D Suppressed to avoid disclosure of data of individual compashynies na Transactions are possible but data are not available Not applicable or for data periods 1960ndash1997 transactions that are 0 ldquonot availshyablerdquo or ldquonot applicablerdquo Quarterly estimates are not annualized and are expressed at quarterly rates

Table 1 1 Credits + Exports of goods and services and income receipts unilateral

current transfers to the United States capital account transactions receipts financial inflowsmdashincrease in foreign-owned assets (US liabilities) or decrease in US-owned assets (US claims)

Debits ndash Imports of goods and services and income payments unilateral current transfers to foreigners capital account transactions payments finanshycial outflowsmdashdecrease in foreign-owned assets (US liabilities) or increase in US-owned assets (US claims)

2 See table 2 footnotes for explanations of the various balance of payshyments adjustments made to convert goods on a Census-basis to goods on a balance of payments basis The adjustments are made to improve coverage eliminate duplication and align the goods data with national and international accounting guidelines

3 Includes some goods Mainly military equipment and supplies in lines 5 and 22 that are commingled in the source data and cannot be separately idenshytified Beginning with statistics for 1999 line 5 excludes equipment and supshyplies exported under the US Foreign Military Sales program that can be separately identified and line 22 excludes petroleum purchases abroad by US military agencies that can be separately identified

4 Includes transfers of goods and services under US military grant proshygrams

5 Beginning in 1982 these lines are presented on a gross basis The definishytion of exports is revised to exclude US parentsrsquo payments to foreign affiliates and to include US affiliatesrsquo receipts from foreign parents The definition of imports is revised to include US parentsrsquo payments to foreign affiliates and to exclude US affiliatesrsquo receipts from foreign parents

6 Beginning in 1982 the ldquoother transfersrdquo component includes taxes paid by US private residents to foreign governments and taxes paid by private nonresidents to the US Government

7 At the present time all US Treasury-owned gold is held in the United States

8 Includes sales of foreign obligations to foreigners 9 Consists of bills certificates marketable bonds and notes and nonmarshy

ketable convertible and nonconvertible bonds and notes 10 Consists of US Treasury and Export-Import Bank obligations not

included elsewhere and of debt securities of US Government corporations and agencies

11 Includes primarily US Government liabilities associated with milishytary agency sales contracts and other transactions arranged with or through foreign official agencies see table 6

12 Consists of investments in US corporate stocks and in debt securities of private corporations and state and local governments

13 Conceptually the sum of line 77 and line 39 is equal to ldquonet lending or net borrowingrdquo in the national income and product accounts (NIPAs) Howshyever the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold (b) includes adjustments for the different geographical treatment of transactions with US territories and Puerto Rico and (c) includes services furnished withshyout payment by financial pension plans except life insurance carriers and prishyvate noninsured pension plans A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSIshyNESS A reconciliation of the other foreign transactions in the two sets of accounts appears in table 43B of the full set of NIPA tables

14 Beginning with 2003 includes securities brokers claims on their forshyeign affiliates Prior to 2003 they are included in the claims of nonbanking concerns

15 Beginning with 2003 includes securities brokers liabilities to their forshyeign affiliates Prior to 2003 they are included in the liabilities of nonbanking concerns

16 Calculated excluding capital account transactions net (line 39) 17 Equals the sum of financial derivatives for the first second and third

quarters of the year Appears only with the preliminary release of annual stashytistics for a given year

Additional footnotes for historical data in July issues of the SURVEY 18 For 1974 includes extraordinary US Government transactions with

India See ldquoSpecial US Government Transactionsrdquo June 1974 SURVEY p 27

19 For 1978ndash83 includes foreign currency-denominated notes sold to prishyvate residents abroad

20 Break in series See Technical Notes in the June 1989ndash90 1992ndash95 and July 1996ndash2010 issues of the SURVEY

Table 2 1 Exports Census basis represent transactions values fas US port of

exportation imports Census basis represent Customs values Seasonally adjusted data reflect the application of seasonal factors developed jointly by BEA and the US Census Bureau (CENSUS)

2 Difference between transactions included in primary source data proshyvided to BEA by the US Department of Defense and transactions included in the Census trade data Negative values may result from timing differences for transactions recorded in the two data sets

3 Addition for low-value (below reporting threshold) transactions for 1999ndash2009 to phase in a revised low-value methodology that was impleshymented by CENSUS beginning with statistics for 2010

4 Addition of electric energy exports to Mexico deduction of exposed motion picture film for sale or rental net change in stock of US-owned grains in storage in Canada valuation of software exports at market value and coverage adjustments for special situations where certain exports are not included in the Census data

5 Addition of electric energy imports from Mexico deduction of exposed motion picture film for sale or rental deduction of the value of repairs of US vessels abroad and coverage adjustments for special situations where certain imports are not included in the Census data

6 Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 12 lines 3 and 20 Trade with international organizations includes purchases of nonmonetary gold from the Internashytional Monetary Fund transfers of tin to the International Tin Council and sales of satellites to Intelsat Members of OPEC include Algeria Angola (beginning with the first quarter of 2007) Ecuador (beginning with the fourth quarter of 2007) Indonesia (ending with the fourth quarter of 2008) Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates and Venezuela

7 Lines B24 B83 and B142 include CENSUSs reconciliation of disshycrepancies between the goods statistics published by the United States and the counterpart statistics published by Canada These adjustments are disshytributed to the affected end-use categories in section C Beginning in 1986 estimates for undocumented exports to Canada the largest item in the US-Canadian reconciliation are included in Census basis data shown in line A1

Table 3 1 Royalties and license fees and ldquoother private servicesrdquo by detailed type of

service include both affiliated and unaffiliated transactions 2 Includes royalties license fees and other fees associated with intangible

assets including patents trade secrets and other proprietary rights that are used in connection with the production of goods

3 Includes royalties license fees and other fees associated with copyrights trademarks franchises rights to broadcast live events software licensing fees distribution of film and television recordings and other intellectual property rights

4 Other services receipts (exports) include mainly expenditures of foreign residents working temporarily in the United States Payments (imports) include mainly expenditures of US residents temporarily working abroad

5 These reflect the amount of premiums explicitly charged by or paid to insurers and reinsurers

Table 4 1 Beginning with 2003 includes interest on securities brokersrsquo claims on

their foreign affiliates Prior to 2003 it is included in the interest on claims of nonbanking concerns

2 Beginning with 2003 gross interest receipts on US holdings of special drawing rights (SDRs) are included in US government receipts Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

3 Beginning with 2003 includes interest on securities brokersrsquo liabilities to their foreign affiliates Prior to 2003 it is included in the interest on liabilities of nonbanking concerns

4 Beginning in 2003 gross interest payments on US allocations of SDRs are included in US government payments Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

Table 5 1 Complete instrument detail is only available beginning with 2003 2 Prior to 2003 includes only demand deposits and nonnegotiable time

and savings deposits

93 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 1 Expenditures to release foreign governments from their contractual liashy

bilities to pay for military goods and services purchased through military sales contractsmdashfirst authorized (for Israel) under Public Law 93ndash199 section 4 and subsequently authorized (for many recipients) under similar legislationmdashare included in line A4 Deliveries against these military sales contracts are included in line C10 see footnote 2 Of the line A4 items part of these military expendishytures is applied in lines A43 and A46 to reduce short-term assets previously recorded in lines A41 and C8 this application of funds is excluded from lines C3 and C4 A second part of line A4 expenditures finances future deliveries under military sales contracts for the recipient countries and is applied directly to lines A42 and C9 A third part of line A4 disbursed directly to finance purchases by recipient countries from commercial suppliers in the United States is included in line A37 A fourth part of line A4 representing dollars paid to the recipient countries to finance purchases from countries other than the United States is included in line A48

2 Transactions under military sales contracts are those in which the Department of Defense sells and transfers military goods and services to a forshyeign purchaser on a cash or credit basis Purchases by foreigners directly from commercial suppliers are not included as transactions under military sales contracts

3 The identification of transactions involving direct dollar outflows from the United States is made in reports by each operating agency

4 Line A38 includes foreign currency collected as interest and line A43 includes foreign currency collected as principal as recorded in lines A16 and A17 respectively

5 Includes (a) advance payments to the Department of Defense (on milishytary sales contracts) financed by loans extended to foreigners by US Governshyment agencies and (b) the contra-entry for the part of line C10 that was delivered without prepayment by the foreign purchaser Also includes expenshyditures of appropriations available to release foreign purchasers from liability to make repayment

6 Includes purchases of loans from US banks and exporters and payshyments by the US Government under commercial export credit and investshyment guarantee programs

7 Excludes liabilities associated with military sales contracts financed by US Government grants and credits and included in line C2

8 Excludes transactions of the US Enrichment Corporation since it became a non-government entity in July 1998

9 Beginning in the fourth quarter of 2007 includes drawings and repayshyments under temporary reciprocal currency arrangements between the US Federal Reserve System and foreign central banks that do not meet the strict definition of US reserve assets

10 Includes allocations of special drawing rights (SDRs) in the third quarshyter of 2009

Table 7 1 Interest on intercompany debt between financial parent companies and

their financial affiliates is excluded from direct investment income Prior to 2007 interest on the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment income

2 Intercompany debt investment between financial parent companies and their financial affiliates is excluded from direct investment financial flows Prior to 2007 the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment financial flows

Table 8 1 Beginning with 2005 source data for new issue estimates are no longer

separately available New issues continue to be included in net purchases 2 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 9 1 Prior to 2003 securities brokersrsquo claims on and liabilities to their forshy

eign affiliates are included in the estimates They are excluded beginning in 2003

2 Complete instrument detail is only available beginning with 2003 3 Financial intermediariesrsquo accounts are shown under ldquoother claims

(liabilities)rdquo because the majority of these claims (liabilities) are in the form of intercompany balances Financial intermediariesrsquo accounts represent transshyactions between firms in a direct investment relationship (that is between US parents and their foreign affiliates or between US affiliates and their forshyeign parent groups) where both the US and foreign firms are classified in a

finance industry but the firms are neither banks nor securities brokers 4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 10 1 Beginning with 2003 includes securities brokersrsquo claims on their foreign

affiliates 2 Complete instrument detail is only available beginning with 2003 3 Includes foreign official agencies and international and regional organishy

zations Prior to 2003 also includes government-owned corporations and state provincial and local governments and their agencies

4 US-owned banks include US-chartered banks Edge Act subsidiaries and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

5 Commercial paper issued in the US market by foreign incorporated entities and held in US customersrsquo accounts Excludes commercial paper issued through foreign direct investment affiliates in the United States

6 Prior to 2003 includes negotiable certificates of deposit and other negoshytiable and transferable instruments

7 Prior to 2003 includes only deposits 8 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 11 1 Beginning with 2003 includes securities brokersrsquo liabilities to their forshy

eign affiliates 2 Complete instrument detail is only available beginning with 2003 3 US-owned banks include US-chartered banks Edge Act subsidiaries

and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to 2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 12 For footnotes 1ndash15 see table 1 16 At the global level the statistical discrepancy represents net errors and

omissions in recorded transactions For individual countries and regions it may also reflect discrepancies that arise when transactions with one country or region are settled through transactions with another country or region

17 Details not shown separately see totals in lines 56 and 63 18 Details not shown separately are included in line 69 19 Estimates of financial derivatives for several countries are not available

separately Estimates for Luxembourg are included in Other Euro area Estishymates for Argentina Brazil Mexico and Venezuela are included in Other South and Central America Estimates for China Hong Kong India Korea Singapore and Taiwan are included in Other Asia and Pacific Estimates for South Africa are included in Other Africa In addition estimates for the Midshydle East are combined with estimates for Asia and Pacific and included in Other Asia and Pacific

20 Calculated excluding capital account transactions net (line 39) 21 Equals the sum of financial derivatives for the first second and third

quarters of the year 22 Includes as part of international and unallocated taxes withheld cur-

rent-cost adjustments associated with US and foreign direct investment and net US currency flows Before 1999 also includes the estimated US direct investment in foreign affiliates engaged in international shipping in operating oil and gas drilling equipment internationally and in petroleum trading Before 1996 also includes small transactions in business services that are not reported by country

NOTE Definitions for geographic areas are available on BEArsquos Web site at wwwbeagov Country data are based on information available from US reporting sources In some instances the statistics may not necessarily reflect the ultimate foreign transactor For instance US goods export statistics reflect country of reported destination in many cases the goods may be transshyshipped to third countries (especially true for the Netherlands and Germany) The geographic breakdown of securities transactions reflects the country with which transactions occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of US funds

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68 U.S. International Transactions October 2012 October/1012...· 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (5)

72 US International Transactions October 2012

Table 2 US Trade in GoodsmdashContinues [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basis 1 Exports of goods balance of payments basis (Andash10) 1497406 356161 375554 378454 387237 385722 396218 360917 372160 382161 382167 388523 394110 2 Agricultural products 140023 38666 33709 30327 37321 36055 33171 36481 35600 33943 33999 33793 36719 3 Nonagricultural products 1357383 317495 341846 348127 349916 349667 363047 324436 336561 348218 348168 354731 357391 4 Foods feeds and beverages 126220 32958 29577 29071 34613 31647 29781 31850 31925 31303 31142 30471 33736 5 Agricultural 117356 31140 27595 26287 32334 29660 27692 29768 29712 29045 28831 28192 31400 6 Grains and preparations 36226 9289 10329 8729 7879 7375 7723 9063 10337 8664 8162 7065 7765 7 Wheat 11313 3109 3720 2663 1821 1874 2384 3211 3732 2372 1998 1885 2385 8 Corn 14842 3254 4122 3785 3682 3231 3054 3196 4038 3785 3824 3146 2981 9 Soybeans 18064 7129 2007 1840 7089 6235 3262 5361 4122 4261 4321 4542 6924

10 Meat products and poultry 17133 3765 4060 4601 4707 4393 4439 4031 4037 4496 4570 4642 4417 11 Vegetables fruits nuts and preparations 20491 4867 4951 4565 6108 5217 5343 4951 5049 5165 5326 5246 5466 12 Other agricultural foods feeds and beverages 25441 6091 6247 6552 6551 6440 6924 6363 6167 6459 6452 6697 6828 13 Nonagricultural (fish distilled beverages etc) 8864 1817 1983 2784 2280 1987 2089 2081 2213 2258 2312 2279 2336 14 Fish and shellfish 5698 1125 1200 1926 1447 1201 1224 1311 1406 1463 1519 1406 1444 15 Industrial supplies and materials 518676 121966 131314 135333 130063 131504 134599 123792 128577 133876 132431 132627 131996 16 Agricultural 22244 7410 5980 3975 4878 6287 5362 6610 5775 4799 5060 5503 5221 17 Raw cotton 8469 3806 2582 810 1271 2523 1777 3204 2206 1276 1783 1946 1430 18 Tobacco unmanufactured 1122 330 305 136 351 412 169 200 341 339 241 300 220 19 Hides and skins including furskins 2663 658 774 640 591 685 872 624 720 673 646 642 817 20 Other agricultural industrial supplies 9990 2617 2319 2388 2665 2667 2544 2582 2507 2510 2390 2615 2755 21 Nonagricultural 496433 114556 125333 131358 125185 125217 129238 117182 122802 129077 127371 127124 126776 22 Energy products 157771 34269 39460 41678 42364 40088 42789 35125 39133 41363 42150 40917 42545 23 Coal and related products 16857 3894 4384 4286 4293 4450 5310 4115 4354 4244 4143 4814 5308 24 Petroleum and products 131376 27910 32568 34911 35987 33861 35966 28544 32271 34639 35923 34326 35723 25 Natural gas 6438 1750 1775 1591 1322 1255 1005 1750 1775 1591 1322 1255 1005 26 Paper and paper base stocks 23618 5885 6085 6015 5632 5748 5700 5992 6046 5908 5672 5816 5656 27 Textile supplies and related materials 14380 3536 3769 3715 3361 3531 3592 3601 3605 3635 3539 3578 3436 28 Chemicals excluding medicinals 123148 29603 31694 31633 30218 30400 31200 29905 30771 31160 31311 30361 30271 29 Building materials except metals 13678 3299 3650 3519 3210 3343 3541 3411 3463 3438 3366 3421 3358 30 Other nonmetals 32625 7818 8397 8395 8015 8452 8836 7983 8123 8266 8253 8545 8549 31 Metals and nonmetallic products 131211 30146 32278 36403 32385 33655 33580 31165 31661 35306 33080 34485 32961 32 Steelmaking materials 14849 3056 4334 4141 3318 3173 3604 3479 3923 3846 3602 3547 3234 33 Iron and steel products 19626 4683 4981 4988 4974 5315 5190 4711 4790 4948 5177 5311 4995 34 Nonferrous metals 72291 16614 16676 20939 18062 18882 18105 17017 16826 20327 18120 19230 18230 35 Nonmonetary gold 34255 7723 6900 10528 9104 10319 9145 7723 6900 10528 9104 10319 9145 36 Other precious metals 11156 2700 3095 3009 2353 2246 2264 2700 3095 3009 2353 2246 2264 37 Other nonferrous metals 26880 6191 6682 7402 6605 6317 6696 6594 6832 6791 6663 6665 6821 38 Other metals and nonmetallic products 24446 5793 6286 6336 6032 6286 6682 5959 6122 6185 6181 6397 6503 39 Capital goods except automotive 493233 115207 123608 124660 129758 128919 132615 118335 122542 125479 126877 131210 131273 40 Machinery and equipment except consumer-type 407641 96292 102562 103155 105632 104886 108966 98818 101757 103184 103883 106531 107954 41 Electric generating machinery electric apparatus and parts 48291 11424 12171 12325 12371 12647 13535 11617 12087 12194 12393 12726 13436 42 Oil drilling mining and construction machinery 32927 7146 8257 8508 9016 8916 9634 7332 8063 8444 9090 9075 9413 43 Industrial engines pumps and compressors 28138 6329 7164 7143 7502 7521 7406 6616 7023 7197 7301 7770 7253 44 Machine tools and metalworking machinery 7759 1844 1952 2011 1951 1880 2001 1924 1912 2027 1896 1937 1958 45 Measuring testing and control instruments 23820 5767 5964 5905 6184 6201 6220 5883 5904 5957 6076 6262 6138 46 Other industrial agricultural and service industry machinery 91593 21397 23943 23125 23127 24009 25711 21832 22991 23299 23471 24310 24635 47 Computers peripherals and parts 48401 11350 11784 12251 13016 12543 12172 11833 12186 12301 12081 12960 12578 48 Semiconductors 44959 11363 11174 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2863 2907 3274 58 Trucks buses and special purpose vehicles 13841 3292 3925 3427 3197 3760 4232 3520 3597 3573 3151 4010 3878 59 Engines and engine parts 5068 1365 1206 1216 1281 1490 1587 1281 1176 1295 1316 1379 1561 60 Other parts and accessories 23295 6140 5784 5575 5795 6330 6685 5766 5488 5918 6122 5902 6400 61 To other areas 78636 17530 19378 19664 22065 21364 22639 18146 19192 20345 20954 22266 22389 62 Passenger cars new and used 35085 7550 8829 8283 10423 9685 10545 8006 8725 8805 9549 10395 10400 63 Trucks buses and special purpose vehicles 5547 964 1239 1509 1836 1238 1350 1106 1345 1500 1596 1407 1443 64 Engines and engine parts 9651 2349 2407 2462 2432 2608 2606 2351 2356 2510 2433 2614 2555 65 Other parts and accessories 28353 6667 6903 7410 7374 7834 8137 6682 6766 7529 7376 7850 7991 66 Consumer goods (nonfood) except automotive 174957 41794 44642 43688 44834 44212 46605 42263 43894 44288 44512 44092 45764 67 Nondurable goods 77687 18512 19736 19719 19720 19459 20939 18527 19546 19791 19823 19237 20706 68 Apparel footwear and household goods 9413 2147 2268 2516 2481 2443 2470 2221 2321 2404 2466 2498 2528 69 Medicinal dental and pharmaceutical products 44948 10827 11720 11099 11301 11184 12446 10548 11395 11499 11506 10742 12057 70 Other nondurable goods 23327 5537 5747 6103 5939 5832 6024 5759 5830 5887 5850 5997 6121 71 Durable goods 97271 23282 24905 23969 25114 24753 25666 23736 24348 24497 24689 24855 25057 72 Televisions video receivers and other video equipment 5703 1260 1322 1519 1603 1271 1192 1382 1391 1494 1436 1377 1263 73 Radio and stereo equipment including records tapes and disks 5465 1228 1187 1311 1738 1203 1267 1333 1337 1370 1424 1297 1418 74 Toys and sporting goods including bicycles 10512 2463 2531 2597 2921 2482 2515 2568 2546 2649 2749 2550 2534 75 Household and kitchen appliances and other household goods 34060 8089 8573 8567 8831 8992 9189 8244 8463 8647 8705 9035 9085 76 Household furnishings and related products 4127 959 1020 1080 1068 1086 1145 996 1031 1046 1054 1115 1157 77 Household and kitchen appliances 6886 1534 1717 1835 1800 1700 1828 1689 1713 1751 1734 1838 1824 78 Other household goods including cell phones 23047 5596 5836 5652 5963 6206 6216 5559 5719 5850 5918 6082 6103 79 Gems jewelry and collectibles 17327 4299 4476 3969 4583 4794 5187 4130 4334 4389 4474 4636 4990 80 Other durable goods 24205 5942 6817 6006 5438 6011 6317 6079 6277 5947 5901 5961 5768 81 Exports nec 51205 12789 12730 12843 12842 13603 13853 12847 12712 12847 12799 13661 13838

See the footnotes on pages 92ndash93

73 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashTable Ends [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basismdashContinues

82 Imports of goods balance of payments basis (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 83 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 84 Nonpetroleum products 1773529 412034 440609 459509 461377 447008 468878 430839 439978 448588 454124 463448 468549 85 Foods feeds and beverages 108242 25760 27746 26237 28499 28110 28088 25805 27188 27067 28181 28014 27558 86 Agricultural 84591 20731 21951 20052 21857 22609 22071 20143 21240 21082 22125 21904 21370 87 Coffee cocoa and sugar 11136 2720 2938 2648 2830 2800 2408 2507 2933 2769 2927 2559 2413 88 Green coffee 6908 1621 1807 1581 1899 1760 1511 1441 1795 1683 1989 1567 1515 89 Meat products and poultry 7740 1832 2080 1902 1926 2200 2351 1842 1977 1973 1947 2190 2226 90 Vegetables fruits nuts and preparations 23649 6630 6227 4963 5829 7003 6484 5642 5855 6010 6141 5972 6121 91 Wine beer and related products 8590 1981 2247 2146 2216 2095 2294 2176 2119 2110 2186 2268 2177 92 Other agricultural foods feeds and beverages 33476 7568 8459 8394 9055 8511 8533 7976 8355 8220 8924 8914 8434 93 Nonagricultural (fish distilled beverages etc) 23651 5029 5795 6184 6642 5500 6017 5662 5948 5985 6056 6110 6188 94 Fish and shellfish 16597 3530 4011 4476 4580 3881 4217 3963 4168 4217 4249 4286 4395 95 Whiskey and other alcoholic beverages 6308 1314 1585 1540 1870 1403 1637 1511 1580 1600 1617 1607 1629 96 Industrial supplies and materials 782120 179577 208699 204576 189268 190656 198798 187994 200494 196574 197058 198977 191139 97 Agricultural 14241 3353 3741 3527 3620 4052 4244 3259 3616 3659 3707 3901 4093 98 Nonagricultural products 767879 176225 204958 201049 185648 186604 194554 184735 196878 192915 193351 195075 187046 99 Energy products 488378 110352 131653 127881 118492 116478 121100 117734 125897 121031 123715 123825 115955

100 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 101 Natural gas 15293 4689 3636 3712 3256 2829 2158 4248 3905 3845 3296 2561 2320 102 Paper and paper base stocks 12588 3045 3207 3334 3002 2886 2895 3137 3220 3214 3017 2958 2910 103 Textile supplies and related materials 13420 3089 3548 3484 3299 3344 3715 3232 3403 3395 3390 3468 3564 104 Chemicals excluding medicinals 75374 18367 19575 19169 18263 19043 19493 17460 18863 19698 19353 18191 18866 105 Building materials except metals 19879 4536 5206 5359 4778 4883 5795 4942 4873 5018 5046 5261 5447 106 Other nonmetals 29219 6712 7422 7757 7329 7228 7980 7136 7256 7383 7445 7610 7808 107 Metals and nonmetallic products 129020 30123 34347 34065 30485 32742 33576 31094 33366 33175 31385 33763 32496 108 Steelmaking materials 9050 2144 2488 2418 2000 2575 2213 2369 2323 2214 2144 2884 2046 109 Iron and steel products 37273 8165 10328 9764 9015 10357 10933 8554 9930 9423 9366 10824 10460 110 Nonferrous metals 61184 15111 15824 15955 14294 14278 14356 15226 15628 15820 14510 14302 14163 111 Nonmonetary gold 16391 3806 4053 4278 4254 3910 4361 3806 4053 4278 4254 3910 4361 112 Other precious metals 15678 3972 4064 4041 3601 3517 3003 4056 4078 3953 3590 3526 3011 113 Bauxite and aluminum 11579 2688 2989 3147 2754 2927 2966 2707 2785 3116 2972 2939 2767 114 Other nonferrous metals 17537 4645 4718 4489 3685 3924 4026 4657 4713 4473 3693 3927 4024 115 Other metals and nonmetallic products 21513 4704 5707 5927 5176 5532 6074 4945 5484 5719 5365 5752 5826 116 Capital goods except automotive 513368 116979 128626 132280 135484 132112 140910 123222 127620 129474 133053 137656 139854 117 Machinery and equipment except consumer-type 473137 107833 118972 122649 123683 121873 129709 113981 118036 119892 121228 127381 128719 118 Electric generating machinery electric apparatus and parts 59464 13657 14970 15627 15210 15250 16664 14545 14864 14854 15201 16081 16530 119 Oil drilling mining and construction machinery 21829 4653 5572 5790 5815 6824 7482 4691 5473 5731 5933 6848 7371 120 Industrial engines pumps and compressors 21406 5112 5206 5589 5500 5887 6389 5081 5119 5537 5669 5782 6304 121 Machine tools and metalworking machinery 9744 1894 2323 2508 3019 2774 2954 2035 2326 2485 2898 2943 2951 122 Measuring testing and control instruments 17527 4063 4346 4630 4488 4433 4666 4224 4375 4523 4406 4555 4707 123 Other industrial agricultural and service industry machinery 94073 21983 23660 24097 24333 24786 26619 22536 23040 23975 24523 25138 25986 124 Computers peripherals and parts 119710 26133 30498 31186 31892 29301 31436 28539 30366 30452 30354 31631 31261 125 Semiconductors 40411 9578 10045 10304 10484 10741 9853 9931 10074 10094 10312 11050 9858 126 Telecommunications equipment 48494 11410 12229 12523 12332 11755 13194 12528 12268 12053 11645 12785 13271 127 Other office and business machines 4593 1043 1146 1190 1213 1068 1237 1145 1119 1140 1189 1156 1212 128 Scientific hospital and medical equipment and parts 35886 8306 8978 9205 9397 9055 9215 8725 9012 9049 9100 9413 9267 129 Civilian aircraft engines and parts 35548 8326 8555 8354 10313 8977 9683 8421 8485 8305 10337 9011 9617 130 Civilian aircraft complete all types 9892 2416 2115 1808 3553 2048 2341 2416 2115 1808 3553 2048 2340 131 Other transportation equipment 4683 820 1099 1277 1488 1263 1518 820 1099 1277 1488 1263 1518 132 Automotive vehicles parts and engines 255222 61791 58754 64585 70092 72494 74922 62945 58211 66326 67740 73526 74661 133 From Canada 56541 13990 14091 13084 15376 15749 16687 13801 13428 14128 15183 15491 15964 134 Passenger cars new and used 38453 9490 9514 8685 10763 10805 11619 9430 9054 9413 10555 10683 11102 135 Trucks buses and special purpose vehicles 2096 398 436 504 757 538 568 458 462 541 635 625 596 136 Engines and engine parts 3515 942 929 828 816 944 1017 895 863 925 832 889 947 137 Other parts and accessories 12477 3160 3211 3067 3040 3462 3483 3018 3050 3248 3161 3295 3320 138 From other areas 198681 47802 44663 51501 54716 56745 58235 49144 44782 52198 52557 58035 58697 139 Passenger cars new and used 84137 20683 16715 22201 24538 24160 24385 21961 17277 22669 22230 25694 25194 140 Trucks buses and special purpose vehicles 18142 4053 4541 4782 4767 4959 4975 4176 4448 5078 4441 5128 4919 141 Engines and engine parts 20884 4948 5072 5315 5549 5957 6074 4904 4998 5319 5663 5817 6016 142 Other parts and accessories 75518 18117 18335 19203 19862 21669 22801 18102 18059 19133 20224 21395 22567

143 Consumer goods (nonfood) except automotive 517394 117755 126831 137971 134837 119060 126166 128201 130435 128534 130223 128055 130000 144 Nondurable goods 243930 56402 60191 67581 59756 57503 59149 59672 62097 61278 60883 60174 61175 145 Apparel footwear and household goods 125735 28108 30205 37621 29801 29316 29924 30551 32234 32053 30897 31549 32079 146 Medicinal dental and pharmaceutical products 91750 22207 23190 22983 23370 21886 22152 22616 23215 22565 23355 21977 22157 147 Other nondurable goods 26445 6087 6796 6977 6584 6301 7073 6505 6649 6659 6631 6648 6939 148 Durable goods 273464 61354 66639 70390 75081 61557 67017 68529 68337 67257 69341 67881 68825 149 Televisions video receivers and other video equipment 33514 7322 8062 8332 9798 6939 8028 8947 8540 8053 7974 8367 8546 150 Radio and stereo equipment including records tapes and disks 9818 2047 2138 2585 3048 2253 2306 2530 2432 2398 2458 2754 2621 151 Toys and sporting goods including bicycles 35577 7481 7495 10007 10595 7820 7863 9089 8743 8910 8836 9350 9152 152 Household and kitchen appliances and other household goods 136399 31154 34019 34409 36817 31134 34183 33717 33631 32875 36176 33157 33816 153 Household furnishings and related products 23669 5628 6215 5949 5877 6132 6780 5814 5892 5884 6080 6247 6431 154 Household and kitchen appliances 20972 4763 5878 5311 5020 5022 6387 5106 5183 5302 5381 5324 5648 155 Other household goods including cell phones 91758 20763 21926 23148 25920 19980 21015 22798 22556 21689 24715 21586 21737 156 Gems jewelry and collectibles 23675 5299 5644 6052 6681 5429 5572 5656 6102 6097 5819 5782 6054 157 Other durable goods 34481 8051 9282 9005 8143 7981 9065 8590 8889 8923 8078 8471 8636 158 Imports nec and US goods returned 59474 13749 15377 14958 15390 16302 16679 14108 15398 14803 15165 16594 16687 159 US goods returned 41619 9417 10905 10360 10937 11821 12100 9776 10926 10206 10713 12114 12109 160 Other products including balance of payments adjustments not included

above (minimum value shipments and miscellaneous imports) 17854 4332 4472 4597 4453 4480 4578 4332 4472 4597 4453 4480 4578

See the footnotes on pages 92ndash93

74 US International Transactions October 2012

Table 3 Private Services Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Exports of private services 586839 140041 144187 156346 146265 148140 149718 143455 147028 150217 146137 150759 152382

2 Travel (table 1 line 6) 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 3 Passenger fares (table 1 line 7) 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 4 Other transportation (table 1 line 8) 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 5 Freight 21730 5062 5517 5572 5579 5276 5613 5225 5453 5537 5514 5388 5492 6 Port services 21334 5246 5304 5453 5331 5423 5431 5295 5307 5419 5313 5475 5439

7 Royalties and license fees (table 1 line 9) By type 1

120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

8 Industrial processes 2 43952 10977 10730 11069 11175 11026 11393 10977 10730 11069 11175 11026 11393 9 Other 3

By affiliation 76884 17742 19680 19137 20325 18649 19598 18427 19613 19986 18858 19403 19542

10 US parentsrsquo receipts from their foreign affiliates 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 11 US affiliatesrsquo receipts from their foreign parent groups 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362 12 US receipts from unaffiliated foreigners 43757 10584 10809 10746 11617 11122 11804 10878 10662 11603 10614 11475 11674

13 Other private services (table 1 line 10) By type 1

270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476

14 Education 22726 9345 2756 6388 4236 9930 2927 5543 5636 5732 5815 5892 5988 15 Financial services 74055 18490 18877 19012 17676 17712 17725 18490 18877 19012 17676 17712 17725 16 Insurance services 15477 3795 3771 3895 4017 3895 3943 3795 3771 3895 4017 3895 3943 17 Telecommunications 12650 3057 3138 3306 3149 3297 3324 3057 3138 3306 3149 3297 3324 18 Business professional and technical services 134416 32142 32903 33620 35751 33848 35165 34206 33462 33418 33330 35336 35775 19 Other services 4

By affiliation 10870 2658 2701 2761 2750 2700 2721 2658 2701 2761 2750 2700 2721

20 US parentsrsquo receipts from their foreign affiliates 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 21 US affiliatesrsquo receipts from their foreign parent groups 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531 22 US receipts from unaffiliated foreigners 181770 48241 42281 47247 44002 49292 42993 45688 45350 46052 44680 45928 46227

23 Imports of private services 393065 89942 100367 104120 98635 96027 105608 94984 97522 100767 99791 101605 102494 24 Travel (table 1 line 23) 78651 16469 22193 22808 17181 18430 24034 19257 19628 19895 19871 21228 21387 25 Passenger fares (table 1 line 24) 31109 7204 8241 8229 7435 8263 9446 7542 7698 7946 7923 8936 8821 26 Other transportation (table 1 line 25) 54711 13110 13634 14148 13819 13337 13837 13439 13736 13767 13769 13716 13842 27 Freight 40337 9676 10089 10445 10127 9952 10371 9909 10214 10180 10034 10237 10398 28 Port services 14374 3434 3545 3703 3692 3385 3466 3530 3522 3587 3735 3479 3444

29 Royalties and license fees (table 1 line 26) By type 1

36620 8941 8451 9274 9955 9856 9955 8921 8543 9503 9652 9859 10040

30 Industrial processes 2 22633 5211 5166 5958 6298 6134 6402 5232 5175 6073 6153 6178 6404 31 Other 3

By affiliation 13987 3729 3285 3316 3657 3722 3553 3689 3369 3430 3499 3682 3636

32 US parentsrsquo payments to their foreign affiliates 6962 1543 1625 1875 1919 1867 1945 1543 1625 1875 1919 1867 1945 33 US affiliatesrsquo payments to their foreign parent groups 19253 5032 4398 4596 5227 5220 5287 5088 4437 4834 4894 5294 5327 34 US payments to unaffiliated foreigners 10405 2365 2428 2803 2809 2769 2722 2290 2482 2794 2840 2698 2767

35 Other private services (table 1 line 27) By type 1

191973 44219 47848 49661 50246 46140 48336 45825 47916 49656 48576 47866 48404

36 Education 5888 1113 1495 1980 1300 1171 1576 1451 1463 1475 1498 1525 1543 37 Financial services 16207 4083 4212 3906 4006 3915 3973 4083 4212 3906 4006 3915 3973 38 Insurance services 56619 13495 14161 14869 14094 13203 13311 13495 14161 14869 14094 13203 13311 39 Telecommunications 7690 1973 1871 1976 1870 1806 1812 1973 1871 1976 1870 1806 1812 40 Business professional and technical services 104773 23355 25909 26729 28780 25843 27461 24623 26009 27229 26912 27214 27561 41 Other services 4

By affiliation 797 199 201 201 196 204 205 199 201 201 196 204 205

42 US parentsrsquo payments to their foreign affiliates 57245 12590 13993 14874 15789 13842 15217 13495 13874 15063 14814 14807 15091 43 US affiliatesrsquo payments to their foreign parent groups 24910 5564 6149 6184 7013 6528 6629 5774 6344 6301 6491 6779 6828 44 US payments to unaffiliated foreigners

Supplemental detail on insurance transactions

109818 26065 27707 28603 27443 25771 26490 26556 27698 28292 27271 26280 26485

45 Premiums received 5 26571 6577 6438 6662 6895 6754 6879 6577 6438 6662 6895 6754 6879 46 Actual losses paid 22043 8870 4427 4401 4345 4268 4182 8870 4427 4401 4345 4268 4182

47 Premiums paid 5 92552 21284 22845 24854 23568 22288 22844 21284 22845 24854 23568 22288 22844 48 Actual losses recovered

Memoranda

60443 14462 15095 15459 15427 15042 14369 14462 15095 15459 15427 15042 14369

49 Balance on goods (table 1 line 72) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 50 Balance on private services (line 1 minus line 23) 193774 50098 43820 52226 47629 52113 44110 48471 49506 49450 46346 49154 49889 51 Balance on goods and private services (lines 49 and 50) ndash544639 ndash109353 ndash146657 ndash149927 ndash138703 ndash120899 ndash145234 ndash132887 ndash137678 ndash131167 ndash142908 ndash145144 ndash135901

See the footnotes on pages 92ndash93

75 October 2012 SURVEY OF CURRENT BUSINESS

Table 4 Investment Income [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Income receipts on US-owned assets abroad (table 1 line 13) 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595

2 Direct investment receipts (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 3 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 4 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942

5 Other private receipts (table 1 line 15) 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803

6 Income on foreign securities 217968 50866 54343 57039 55721 56615 61114 50866 54343 57039 55721 56615 61114 7 Dividends 137315 31141 34338 36522 35315 36670 41254 31141 34338 36522 35315 36670 41254 8 Interest 80653 19725 20005 20517 20406 19945 19861 19725 20005 20517 20406 19945 19861

9 Interest on claims reported by banks and securities brokers 1 23922 5881 6123 5643 6276 5906 5207 5881 6123 5643 6276 5906 5207 10 For own claims 20941 5038 5411 4966 5526 5276 4665 5038 5411 4966 5526 5276 4665 11 For customersrsquo claims 2981 843 712 677 750 630 543 843 712 677 750 630 543

12 Interest on claims reported by nonbanking concerns 14760 3515 3658 3680 3907 3625 3481 3515 3658 3680 3907 3625 3481

13 US government receipts (table 1 line 16) 2 1923 379 502 524 518 624 499 445 506 527 444 763 499

14 Income payments on foreign-owned assets in the United States (table 1 line 30) 503796 122119 131175 127193 123310 130262 128398 124863 129835 125508 123590 133885 127173

15 Direct investment payments (table 1 line 31) 158559 37147 45195 39946 36272 41962 39144 39891 43855 38261 36552 45585 37919 16 Earnings 132889 31715 38625 33092 29457 35678 32479 33922 37236 31448 30283 38556 31221 17 Interest 25670 5432 6569 6854 6815 6284 6665 5970 6619 6813 6268 7029 6698

18 Other private payments (table 1 line 32) 212506 51501 53193 54157 53655 55396 56528 51501 53193 54157 53655 55396 56528

19 Income on US corporate securities 191403 46501 47969 49082 47851 49620 51088 46501 47969 49082 47851 49620 51088 20 Dividends 73272 17615 18297 19122 18239 20551 21994 17615 18297 19122 18239 20551 21994 21 Interest 118131 28886 29672 29961 29613 29069 29095 28886 29672 29961 29613 29069 29095

22 Interest on liabilities reported by banks and securities brokers 3 13845 3343 3421 3294 3788 3742 3488 3343 3421 3294 3788 3742 3488 23 For own liabilities 8873 2111 2116 2109 2537 2453 2298 2111 2116 2109 2537 2453 2298 24 For customersrsquo liabilities 4973 1232 1305 1185 1251 1288 1190 1232 1305 1185 1251 1288 1190

25 Interest on liabilities reported by nonbanking concerns 7258 1657 1804 1781 2016 2035 1952 1657 1804 1781 2016 2035 1952

26 US government payments (table 1 line 33) 4

Memorandum

132731 33471 32787 33090 33383 32904 32726 33471 32787 33090 33383 32904 32726

27 Balance on investment income (line 1 minus line 14) 235013 56306 60286 59989 58432 52167 59343 54465 58212 60486 61851 49345 57422

See the footnotes on pages 92ndash93

76 US International Transactions October 2012

Table 5 US Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars]

Line (Credits + decrease in US assets or increase in foreign assets Debits ndash increase in US assets or decrease in foreign assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 US official reserve assets net (table 1 line 41) ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 556620 2 Gold (table 1 line 42) 0 0 0 0 0 0 0 418006 3 Special drawing rights (table 1 line 43) 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 54341 4 Reserve position in the International Monetary Fund (table 1 line 44) ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 33930 5 Foreign currencies (table 1 line 45) 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 50343

B1 Foreign official assets in the United States net (table 1 line 56) By instrument

211826 72974 121822 19889 ndash2859 69711 83010 5446436

2 US Treasury securities (table 1 line 58) 171179 56274 104363 28115 ndash17573 85068 84870 3820294 3 Bills and certificates ndash103432 ndash44574 ndash5335 ndash25726 ndash27797 ndash724 7606 366603 4 Bonds and notes marketable 274493 100820 109668 53811 10194 85762 77233 3452104 5 Bonds and notes nonmarketable 118 28 30 30 30 30 31 1587 6 Other US government securities (table 1 line 59) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 609996 7 Other US government liabilities (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 124248 8 US liabilities reported by US banks and securities brokers (table 1 line 61) 30010 ndash3090 15764 5121 12215 ndash19305 5982 196406 9 Liabilities for own accounts 1 42762 628 12578 8708 20848 ndash19636 9591 185597

10 Repurchase agreements 41101 7350 4198 12123 17430 ndash3161 892 127866 11 Deposits and brokerage balances 2 5151 ndash1073 7768 ndash4856 3312 ndash10349 6565 51909 12 Other liabilities ndash3490 ndash5649 612 1441 106 ndash6126 2134 5822 13 Liabilities for customersrsquo accounts 1 ndash12752 ndash3718 3186 ndash3587 ndash8633 331 ndash3609 10809 14 Negotiable certificates of deposit and other short-term instruments ndash12751 ndash3718 3187 ndash3587 ndash8633 331 ndash3609 10776 15 Other liabilities ndash1 () ndash1 () () () () 33 16 Other foreign official assets (table 1 line 62)

By area

14018 5631 6638 1232 517 752 3621 695492

17 Europe 38811 23443 21041 37333 ndash43006 10712 33045 788398 18 Canada 3872 ndash212 3777 ndash2001 2308 ndash535 ndash695 25243 19 Latin America and Caribbean 49694 26680 18074 ndash810 5750 7983 24414 458633 20 Asia 127278 29076 72931 ndash12181 37452 53413 22047 4037369 21 Africa ndash11843 ndash2296 1148 ndash7060 ndash3635 ndash3308 3131 44750 22 Other 4014 ndash3717 4851 4608 ndash1728 1446 1068 92043

See the footnotes on pages 92ndash93

77 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 Selected US Government Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 US government grants and transactions increasing government assets total

By category

155507 12321 16931 13426 112830 ndash38814 ndash4439

2 Grants net 48508 11165 14315 11476 11552 11911 11657 3 US government current grants net (table 1 line 36 with sign reversed) 47350 11136 13486 11176 11551 11910 11657 4 Financing military purchases 1 17043 3835 6302 3166 3741 5304 4266 5 Other grants 30307 7302 7184 8010 7811 6605 7392 6 Cash contributions received from coalition partners for Persian Gulf operations 7 Debt forgiveness (table 1 part of line 39 with sign reversed) 1158 29 829 300 1 1 0

8 Credits and other long-term assets (table 1 line 47 with sign reversed) 7307 1307 2337 1396 2267 2631 2393 9 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753

10 Credits repayable in US dollars 4742 738 877 970 2158 2267 640 11 Credits repayable in other than US dollars 0 0 0 0 0 0 0 12 Other long-term assets 0 0 0 0 0 0 0

13 Foreign currency holdings and short-term assets net (table 1 line 49 with sign reversed) 99692 ndash150 279 553 99010 ndash53356 ndash18489 14 Foreign currency holdings (excluding administrative cash holdings) net

Receipts from 0 0 0 0 0 0 0

15 Sales of agricultural commodities 0 0 0 0 0 0 0 16 Interest 0 0 0 0 0 0 0 17 Repayments of principal 0 0 0 0 0 0 0 18 Reverse grants 0 0 0 0 0 0 0 19 Other sources

Less currencies disbursed for 0 0 0 0 0 0 0

20 Grants and credits in the recipientrsquos currency 0 0 0 0 0 0 0 21 Other grants and credits 0 0 0 0 0 0 0 22 Other US government expenditures 0 0 0 0 0 0 0 23 Assets acquired in performance of US government guarantee and insurance obligations net ndash113 ndash112 ndash12 7 4 2 2 24 Other assets held under Commodity Credit Corporation Charter Act net 0 0 0 0 0 0 0 25 Assets financing military sales contracts net 2 0 0 0 0 0 0 0 26 Other short-term assets (including changes in administrative cash holdings) net 9

By program

99806 ndash39 291 546 99007 ndash53358 ndash18491

27 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753 28 Under Agricultural Trade Development and Assistance Act and related programs 1785 452 444 444 445 443 445 29 Under Foreign Assistance Act and related programs 44105 10363 12642 10445 10655 11122 10490 30 Under Export-Import Bank Act 4733 418 1612 704 1998 2193 507 31 Under Commodity Credit Corporation Charter Act 63 50 1 8 4 2 2 32 Under other grant and credit programs 2451 508 480 852 612 420 855 33 Other foreign currency assets acquired (lines A16 A17 and A19) 0 0 0 0 0 0 0 34 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 35 Other (including changes in administrative cash holdings) net 9

By disposition 3

99806 ndash39 291 546 99007 ndash53358 ndash18491

36 Estimated transactions involving no direct dollar outflow from the United States 39588 8587 12036 8695 10270 11313 8804 37 Expenditures on US goods 10582 1708 3370 2104 3400 3303 3074 38 Expenditures on US services 4 11865 2860 2837 3050 3118 2697 2754 39 Financing of military sales contracts by US government 5 (line C6) 15740 3834 5003 3161 3741 5303 2966 40 By long-term credits 0 0 0 0 0 0 0 41 By short-term credits 1 0 0 0 0 0 0 0 42 By grants 1 15740 3834 5003 3161 3741 5303 2966 43 US government grants and credits to repay prior US government credits 1 4 1475 265 831 371 7 8 8 44 US government long- and short-term credits to repay prior US private credits 6 and other assets ndash59 ndash79 6 11 4 2 2 45 Increase in liabilities associated with US government grants and transactions increasing government assets

(including changes in retained accounts) 7 (line C11) 0 0 0 0 0 0 0 46 Less receipts on short-term US government assets (a) financing military sales contracts 1 (b) financing

repayment of private credits and other assets and (c) financing expenditures on US goods 14 2 11 1 0 0 0 47 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9 115919 3735 4895 4730 102560 ndash50127 ndash13243

B1 Repayments on US government long-term assets total (table 1 line 48) 3333 610 1259 812 653 352 630 2 Receipts of principal on US government credits 3333 610 1259 812 653 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 113 165 63 92 4 Under Foreign Assistance Act and related programs 1289 406 160 562 162 128 156 5 Under Export-Import Bank Act 1608 119 1043 125 321 143 374 6 Under Commodity Credit Corporation Charter Act 33 8 8 12 5 18 8 7 Under other credit programs 0 0 0 0 0 0 0 8 Receipts on other long-term assets 0 0 0 0 0 0 0

C1 US government liabilities other than securities total net increase (+) (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 2 Associated with military sales contracts 2 9063 2714 2236 2287 1826 2833 2682 3 US government cash receipts from foreign governments (including principal repayments on credits financing

military sales contracts) net of refunds 1 20568 5499 4188 6357 4524 5126 5927 4 Less US government receipts from principal repayments 64 21 3 37 3 20 3 5 Less US Treasury securities issued in connection with prepayments for military purchases in the United States ndash300 ndash200 ndash100 0 0 600 0 6 Plus financing of military sales contracts by US government 5 (line A39) 15740 3834 5003 3161 3741 5303 2966 7 By long-term credits 0 0 0 0 0 0 0 8 By short-term credits 1 0 0 0 0 0 0 0 9 By grants 1 15740 3834 5003 3161 3741 5303 2966

10 Less transfers of goods and services (including transfers financed by grants for military purchases and by credits) 1 2 (table 1 line 5 and part of table 1 line 3) 27480 6799 7053 7193 6436 6975 6207

11 Associated with US government grants and transactions increasing Government assets (including changes in retained accounts) 7 (line A45) 0 0 0 0 0 0 0

12 Associated with other liabilities 0 0 0 0 0 0 0 13 Sales of nuclear material by Department of EnergyUS Enrichment Corporation 8 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 0 0 0 0 15 Other sales and miscellaneous operations 10 0 0 0 0 0 0 0

See the footnotes on pages 92ndash93

78 US International Transactions October 2012

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashContinues [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

US direct investment abroad 1 Income (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 2 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 3 Distributed earnings 124644 23504 22427 22871 55842 23865 21390 32210 27222 33572 31641 32869 27378 4 Reinvested earnings 348639 92627 102644 95678 57690 89929 94107 84759 94430 83786 85664 81587 84973 5 Reinvested earnings without current-cost adjustment 325963 86892 96963 90037 52071 84286 88464 79024 88749 78145 80045 75944 79330 6 Current-cost adjustment 22676 5735 5681 5641 5619 5643 5643 5735 5681 5641 5619 5643 5643 7 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 8 US parentsrsquo receipts 9283 2227 2339 2330 2388 2441 2514 2227 2339 2330 2388 2441 2514 9 US parentsrsquo payments ndash2328 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572

10 Income without current-cost adjustment 457562 112049 121155 114656 109702 110017 111796 112886 117736 113465 113475 110678 108650 11 Manufacturing 73806 17966 18899 20074 16867 17028 18022 18913 18394 18633 17866 17837 17522 12 Wholesale trade 29989 7093 7704 7682 7510 7426 7811 7646 7305 7889 7149 7880 7533 13 Finance (including depository institutions) and insurance 43794 10295 12580 11150 9769 11997 10863 10264 11780 10753 10997 11970 10134 14 Holding companies except bank holding companies 221295 56322 59376 52965 52633 51753 53045 55691 57661 53403 54541 51180 51405 15 Other 88678 20373 22596 22786 22922 21812 22056 20373 22596 22786 22922 21812 22056

16 Earnings without current-cost adjustment (line 2 less line 6) 450607 110396 119390 112908 107913 108151 109854 111234 115971 111716 111685 108813 106708 17 Manufacturing 73186 17813 18746 19933 16693 16878 17898 18761 18241 18492 17692 17686 17399 18 Wholesale trade 29714 7033 7631 7613 7437 7330 7722 7586 7232 7821 7075 7783 7445 19 Finance (including depository institutions) and insurance 43417 10189 12489 11058 9681 11912 10710 10158 11689 10662 10909 11885 9981 20 Holding companies except bank holding companies 217489 55471 58407 51986 51626 50686 51960 54839 56692 52424 53534 50112 50320 21 Other 86801 19890 22117 22318 22476 21346 21564 19890 22117 22318 22476 21346 21564

22 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 23 Manufacturing 620 153 153 141 174 150 123 153 153 141 174 150 123 24 Wholesale trade 275 59 73 69 74 96 89 59 73 69 74 96 89 25 Finance (including depository institutions) and insurance 1 377 106 91 92 88 85 153 106 91 92 88 85 153 26 Holding companies except bank holding companies 3806 851 969 978 1007 1068 1085 851 969 978 1007 1068 1085 27 Other 1877 483 479 468 447 466 492 483 479 468 447 466 492 28 Financial flows (table 1 line 51) ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 29 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 30 Increases in equity ndash96679 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 31 Decreases in equity 44289 10804 9498 15550 8437 9955 3899 10804 9498 15550 8437 9955 3899 32 Reinvested earnings (line 4 with sign reversed) ndash348639 ndash92627 ndash102644 ndash95678 ndash57690 ndash89929 ndash94107 ndash84759 ndash94430 ndash83786 ndash85664 ndash81587 ndash84973 33 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 34 US parentsrsquo receivables ndash51927 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 35 US parentsrsquo payables 33625 12990 11539 13072 ndash3976 ndash10998 5502 12990 11539 13072 ndash3976 ndash10998 5502

36 Financial flows without current-cost adjustment ndash396656 ndash106537 ndash135929 ndash76575 ndash77615 ndash118793 ndash82721 ndash98669 ndash127716 ndash64682 ndash105589 ndash110451 ndash73586 37 Manufacturing ndash59177 ndash16194 ndash18091 ndash13990 ndash10902 ndash26301 ndash12029 ndash15541 ndash17844 ndash11563 ndash14229 ndash25696 ndash11657 38 Wholesale trade ndash24274 ndash5575 ndash9735 ndash4201 ndash4762 ndash13024 ndash7336 ndash5524 ndash9400 ndash4178 ndash5172 ndash12642 ndash7057 39 Finance (including depository institutions) and insurance ndash28020 ndash14300 ndash10263 ndash1251 ndash2206 ndash12624 ndash10334 ndash13175 ndash8485 1349 ndash7709 ndash11461 ndash9030 40 Holding companies except bank holding companies ndash207586 ndash56964 ndash63460 ndash40885 ndash46277 ndash41493 ndash42723 ndash50998 ndash58733 ndash35655 ndash62199 ndash35138 ndash36610 41 Other ndash77600 ndash13505 ndash34380 ndash16247 ndash13468 ndash25350 ndash10299 ndash13431 ndash33254 ndash14635 ndash16280 ndash25515 ndash9231

42 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 43 Manufacturing ndash10282 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 44 Wholesale trade ndash196 1012 ndash731 ndash360 ndash117 ndash36 ndash165 1012 ndash731 ndash360 ndash117 ndash36 ndash165 45 Finance (including depository institutions) and insurance 3005 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 46 Holding companies except bank holding companies ndash29277 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 47 Other ndash15641

48 Reinvested earnings without current-cost adjustment (line 5

699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998 699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998

with sign reversed) ndash325963 ndash86892 ndash96963 ndash90037 ndash52071 ndash84286 ndash88464 ndash79024 ndash88749 ndash78145 ndash80045 ndash75944 ndash79330 49 Manufacturing ndash55516 ndash15571 ndash12341 ndash16403 ndash11200 ndash15084 ndash15008 ndash14919 ndash12094 ndash13976 ndash14527 ndash14479 ndash14637 50 Wholesale trade ndash23262 ndash6343 ndash5714 ndash5598 ndash5608 ndash6423 ndash5596 ndash6292 ndash5379 ndash5575 ndash6017 ndash6040 ndash5317 51 Finance (including depository institutions) and insurance ndash24211 ndash7544 ndash9071 ndash8164 568 ndash8364 ndash8540 ndash6420 ndash7293 ndash5564 ndash4935 ndash7201 ndash7237 52 Holding companies except bank holding companies ndash156816 ndash43701 ndash51718 ndash40749 ndash20648 ndash37529 ndash40949 ndash37735 ndash46991 ndash35520 ndash36570 ndash31174 ndash34836 53 Other ndash66157 ndash13733 ndash18120 ndash19122 ndash15183 ndash16886 ndash18371 ndash13659 ndash16993 ndash17510 ndash17995 ndash17050 ndash17303

54 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 55 Manufacturing 6620 348 ndash2426 5502 3196 ndash11030 4064 348 ndash2426 5502 3196 ndash11030 4064 56 Wholesale trade ndash815 ndash244 ndash3290 1757 963 ndash6566 ndash1574 ndash244 ndash3290 1757 963 ndash6566 ndash1574 57 Finance (including depository institutions) and insurance 2 ndash6814 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 58 Holding companies except bank holding companies ndash21492 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 59 Other 4199 ndash471 ndash2630 4386 2914 ndash5022 9070 ndash471 ndash2630 4386 2914 ndash5022 9070

60 Royalties and license fees net 66130 15584 17100 16678 16768 15386 15879 15975 17181 16669 16305 15787 15954 61 US parentsrsquo receipts (table 1 part of line 9) 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 62 US parentsrsquo payments (table 1 part of line 26) ndash6962 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945

63 Other private services net 1656 1528 641 ndash613 101 1120 391 1108 879 ndash509 179 643 628 64 US parentsrsquo receipts (table 1 part of line 10) 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 65 US parentsrsquo payments (table 1 part of line 27) ndash57245 ndash12590 ndash13993 ndash14874 ndash15789 ndash13842 ndash15217 ndash13495 ndash13874 ndash15063 ndash14814 ndash14807 ndash15091

See the footnotes on pages 92ndash93

79 October 2012 SURVEY OF CURRENT BUSINESS

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashTable Ends [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Foreign direct investment in the United States 66 Income (table 1 line 31) ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 67 Earnings ndash132889 ndash31715 ndash38625 ndash33092 ndash29457 ndash35678 ndash32479 ndash33922 ndash37236 ndash31448 ndash30283 ndash38556 ndash31221 68 Distributed earnings ndash45500 ndash6356 ndash11011 ndash10722 ndash17411 ndash8671 ndash12651 ndash9436 ndash12068 ndash14213 ndash9783 ndash12745 ndash15395 69 Reinvested earnings ndash87389 ndash25359 ndash27614 ndash22370 ndash12046 ndash27007 ndash19829 ndash24486 ndash25168 ndash17235 ndash20500 ndash25811 ndash15826 70 Reinvested earnings without current-cost adjustment ndash80338 ndash23529 ndash25842 ndash20637 ndash10330 ndash25251 ndash18066 ndash22656 ndash23396 ndash15502 ndash18784 ndash24055 ndash14063 71 Current-cost adjustment ndash7051 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 72 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 73 US affiliatesrsquo payments ndash30005 ndash6234 ndash7717 ndash7996 ndash8058 ndash7425 ndash7785 ndash6772 ndash7767 ndash7955 ndash7511 ndash8170 ndash7818 74 US affiliatesrsquo receipts 4335 802 1148 1142 1243 1141 1120 802 1148 1142 1243 1141 1120

75 Income without current-cost adjustment ndash151508 ndash35317 ndash43423 ndash38213 ndash34556 ndash40206 ndash37381 ndash38061 ndash42083 ndash36528 ndash34836 ndash43829 ndash36156 76 Manufacturing ndash64899 ndash12720 ndash16789 ndash18633 ndash16757 ndash17145 ndash16242 ndash15303 ndash15493 ndash16911 ndash17192 ndash20617 ndash15061 77 Wholesale trade ndash16259 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 78 Finance (including depository institutions) and insurance ndash21752 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 79 Other ndash48598 ndash11079 ndash12703 ndash13082 ndash11734 ndash12044 ndash13192 ndash11241 ndash12660 ndash13119 ndash11579 ndash12195 ndash13147

80 Earnings without current-cost adjustment (line 67 less line 71) ndash125838 ndash29885 ndash36853 ndash31359 ndash27741 ndash33922 ndash30716 ndash32092 ndash35464 ndash29715 ndash28567 ndash36800 ndash29458 81 Manufacturing ndash55386 ndash10798 ndash14394 ndash16015 ndash14178 ndash14244 ndash13364 ndash13005 ndash13005 ndash14370 ndash15005 ndash17122 ndash12106 82 Wholesale trade ndash14661 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 83 Finance (including depository institutions) and insurance ndash20365 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 84 Other ndash35426 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065

85 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 86 Manufacturing ndash9514 ndash1922 ndash2395 ndash2618 ndash2579 ndash2901 ndash2878 ndash2298 ndash2488 ndash2541 ndash2187 ndash3495 ndash2956 87 Wholesale trade ndash1598 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 88 Finance (including depository institutions) and insurance 1 ndash1386 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 89 Other ndash13172 ndash2838 ndash3393 ndash3481 ndash3460 ndash2792 ndash3127 ndash2999 ndash3350 ndash3518 ndash3305 ndash2943 ndash3082

90 Financial flows (table 1 line 64) 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 91 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 92 Increases in equity 132936 17222 36517 35875 43322 15340 18046 17222 36517 35875 43322 15340 18046 93 Decreases in equity ndash39712 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 94 Reinvested earnings (line 69 with sign reversed) 87389 25359 27614 22370 12046 27007 19829 24486 25168 17235 20500 25811 15826 95 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 96 US affiliatesrsquo payables 43290 11769 7883 7075 16563 7349 14733 11769 7883 7075 16563 7349 14733 97 US affiliatesrsquo receivables 10085 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715

98 Financial flows without current-cost adjustment 226937 32409 61955 66624 65949 21642 35719 31535 59509 61489 74404 20446 31716 99 Manufacturing 90883 13314 22501 34763 20305 4194 18099 13977 19299 31624 25983 5897 13762

100 Wholesale trade 25675 5885 4278 ndash211 15723 7844 3673 5885 4278 ndash211 15723 7844 3673 101 Finance (including depository institutions) and insurance 26470 4236 9275 4803 8156 ndash5065 5212 3421 9488 4363 9198 ndash6455 5039 102 Other 83908 8973 25900 27269 21765 14669 8735 8251 26443 25713 23500 13159 9242

103 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 104 Manufacturing 35349 5742 11529 6542 11536 ndash39 5875 5742 11529 6542 11536 ndash39 5875 105 Wholesale trade ndash67 370 878 ndash2425 1111 866 ndash77 370 878 ndash2425 1111 866 ndash77 106 Finance (including depository institutions) and insurance 23959 2776 5921 10935 4326 ndash7581 5007 2776 5921 10935 4326 ndash7581 5007 107 Other 33983 ndash1312 12153 10495 12647 8773 831 ndash1312 12153 10495 12647 8773 831

108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80338 23529 25842 20637 10330 25251 18066 22656 23396 15502 18784 24055 14063

109 Manufacturing 39912 8869 12425 14871 3748 11842 9086 9532 9223 11732 9426 13545 4749 110 Wholesale trade 9572 2669 3983 1139 1781 3052 3517 2669 3983 1139 1781 3052 3517 111 Finance (including depository institutions) and insurance 5528 5221 3553 ndash3602 356 3718 ndash1022 4407 3766 ndash4043 1398 2328 ndash1195 112 Other 25326 6770 5881 8230 4445 6639 6484 6048 6424 6673 6180 5130 6991

113 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 114 Manufacturing 15621 ndash1297 ndash1453 13350 5021 ndash7609 3138 ndash1297 ndash1453 13350 5021 ndash7609 3138 115 Wholesale trade 16170 2846 ndash583 1075 12831 3926 233 2846 ndash583 1075 12831 3926 233 116 Finance (including depository institutions) and insurance 2 ndash3017 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 117 Other 24599 3515 7867 8544 4673 ndash744 1420 3515 7867 8544 4673 ndash744 1420

118 Royalties and license fees net ndash15266 ndash4024 ndash3523 ndash3688 ndash4031 ndash3920 ndash3926 ndash4080 ndash3561 ndash3927 ndash3698 ndash3994 ndash3965 119 US affiliatesrsquo payments (table 1 part of line 26) ndash19253 ndash5032 ndash4398 ndash4596 ndash5227 ndash5220 ndash5287 ndash5088 ndash4437 ndash4834 ndash4894 ndash5294 ndash5327 120 US affiliatesrsquo receipts (table 1 part of line 9) 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362

121 Other private services net 4611 1565 1082 1291 673 601 575 1684 1137 1217 573 676 703 122 US affiliatesrsquo payments (table 1 part of line 27) ndash24910 ndash5564 ndash6149 ndash6184 ndash7013 ndash6528 ndash6629 ndash5774 ndash6344 ndash6301 ndash6491 ndash6779 ndash6828 123 US affiliatesrsquo receipts (table 1 part of line 10) 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531

See the footnotes on pages 92ndash93

80 US International Transactions October 2012

Table 8 Transactions in Long-Term Securities [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 Foreign securities net purchases (ndash) or net sales (+) by US residents (table 1 line 52 or lines 4 + 18 below) ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 2 Stocks gross purchases by US residents 4058569 1115382 1041556 1025031 876600 945740 881122 3 Stocks gross sales by US residents 3969524 1067659 1014406 1002229 885230 930938 860148 4 Stocks net purchases by US residents ndash89045 ndash47723 ndash27150 ndash22802 8630 ndash14802 ndash20974 5 New issues in the United States 1 na na na na na na na 6 Transactions in outstanding stocks net

Net purchases by US residents by area

na na na na na na na

7 Europe ndash25067 ndash26337 ndash2604 ndash5702 9576 ndash2358 ndash15082 8 Of which United Kingdom ndash13396 ndash19159 70 ndash1874 7567 ndash1600 ndash15899 9 Canada ndash5443 ndash1865 ndash372 ndash4436 1230 ndash570 ndash1511

10 Caribbean financial centers 2 ndash35903 3950 ndash20403 ndash18436 ndash1014 2094 ndash3070 11 Latin America excluding Caribbean financial centers ndash5931 ndash4670 320 169 ndash1750 ndash2025 ndash442 12 Asia ndash15100 ndash17825 ndash2663 6056 ndash668 ndash11612 250 13 Of which Japan 4246 ndash5286 3161 6028 343 ndash2486 ndash1332 14 Africa ndash1267 177 323 ndash1659 ndash108 ndash963 ndash335 15 Other ndash334 ndash1153 ndash1751 1206 1364 632 ndash784

16 Bonds gross purchases by US residents 3588896 980857 1002268 812382 793389 952456 924408 17 Bonds gross sales by US residents 3531144 943108 972223 795074 820739 970862 950919 18 Bonds net purchases by US residents ndash57752 ndash37749 ndash30045 ndash17308 27350 18406 26511 19 New issues in the United States 1 na na na na na na na 20 Transactions in outstanding bonds net

Net purchases by US residents by area

na na na na na na na

21 Europe ndash57116 ndash38199 ndash44480 ndash3521 29084 32726 ndash6380 22 Of which United Kingdom ndash69861 ndash28228 ndash40030 ndash15810 14207 25939 ndash12477 23 Canada ndash33586 ndash3501 ndash8892 ndash11520 ndash9673 ndash6694 ndash5133 24 Caribbean financial centers 2 19097 6201 10873 ndash755 2778 ndash6681 5324 25 Latin America excluding Caribbean financial centers ndash14169 ndash2362 ndash3442 ndash8420 55 ndash7267 ndash367 26 Asia 27885 2618 12813 8227 4227 7667 20602 27 Of which Japan ndash1609 ndash4247 1335 1706 ndash403 2740 740 28 Africa ndash336 729 ndash394 ndash495 ndash176 561 1095 29 Other 473 ndash3235 3477 ndash824 1055 ndash1906 11370 B1 US securities excluding transactions in US Treasury securities and transactions of foreign official agencies net

purchases (+) or net sales (ndash) by foreign residents (table 1 line 66 or lines 4 + 16 + 30 below) ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174

2 Stocks gross purchases by foreign residents 7694549 1895452 1924179 2139525 1735393 1754294 1771458 3 Stocks gross sales by foreign residents 7682151 1863304 1898511 2167803 1752533 1735411 1780038 4 Stocks net purchases by foreign residents

Net purchases by foreign residents by area

12398 32148 25668 ndash28278 ndash17140 18883 ndash8580

5 Europe ndash36934 9946 6908 ndash35533 ndash18255 15866 1499 6 Of which United Kingdom 2176 12238 5819 ndash10024 ndash5857 9807 4064 7 Canada 14831 4147 9949 337 398 2886 2291 8 Caribbean financial centers 2 30486 20509 4055 2837 3085 4908 ndash12630 9 Latin America excluding Caribbean financial centers 860 1926 654 ndash1259 ndash461 ndash106 627

10 Asia 1996 ndash4304 2677 5200 ndash1577 ndash5643 281 11 Of which Japan 3067 ndash1330 13 4493 ndash109 ndash5568 ndash1853 12 Africa 801 50 88 ndash245 908 64 170 13 Other 358 ndash126 1337 385 ndash1238 908 ndash818

14 Corporate bonds gross purchases by foreign residents 956647 289671 276332 213212 177432 262482 206683 15 Corporate bonds gross sales by foreign residents 1025487 299559 294294 222948 208686 277314 240012 16 Corporate bonds net purchases by foreign residents ndash68840 ndash9888 ndash17962 ndash9736 ndash31254 ndash14832 ndash33329 17 New issues sold abroad by US corporations 1 na na na na na na na 18 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

19 Europe ndash98270 ndash22540 ndash26327 ndash14083 ndash35320 ndash20673 ndash35281 20 Of which United Kingdom ndash50976 ndash15358 ndash16537 ndash75 ndash19006 ndash15784 ndash26536 21 Canada ndash823 ndash70 ndash83 ndash1217 547 ndash5811 3648 22 Caribbean financial centers 2 16093 8157 1110 5929 897 6395 ndash1538 23 Latin America excluding Caribbean financial centers 3765 1776 278 647 1064 439 803 24 Asia 14709 3337 6163 364 4845 7388 ndash415 25 Of which Japan 9271 2305 2695 501 3770 4389 ndash1470 26 Africa ndash21 45 9 ndash87 12 42 ndash67 27 Other ndash4293 ndash593 888 ndash1289 ndash3299 ndash2612 ndash479

28 Federally sponsored agency bonds gross purchases by foreign residents 970698 216628 208974 278774 266322 262113 331244 29 Federally sponsored agency bonds gross sales by foreign residents 970698 234550 221788 261156 253204 262510 332509 30 Federally sponsored agency bonds net purchases by foreign residents () ndash17922 ndash12814 17618 13118 ndash397 ndash1265 31 New issues sold abroad by federally sponsored agencies 1 na na na na na na na 32 Transactions in outstanding bonds net

Net purchases by foreign residents by area

na na na na na na na

33 Europe ndash16036 2976 ndash20684 ndash3010 4682 ndash6679 ndash3902 34 Of which United Kingdom 548 11549 ndash17229 ndash641 6869 ndash619 ndash5140 35 Canada 3281 1173 2080 ndash14 42 ndash1539 ndash165 36 Caribbean financial centers 2 5838 ndash10703 9265 9530 ndash2254 ndash3567 ndash2198 37 Latin America excluding Caribbean financial centers 6586 393 80 2140 3973 1777 1727 38 Asia 627 ndash11488 ndash3255 8818 6552 9564 2899 39 Of which Japan 15927 ndash2057 2981 10383 4620 6109 4208 40 Africa ndash221 ndash43 ndash87 ndash18 ndash73 ndash2 6 41 Other ndash75 ndash230 ndash213 172 196 49 368 C1 US Treasury bonds and notes excluding transactions of foreign official agencies net purchases (+) or net sales (ndash)

by foreign residents (table 1 part of line 65) 199483 55835 595 101379 41674 56501 21172 2 US Treasury bonds and notes gross purchases by foreign residents 16679789 4387827 4351236 4560198 3380528 3762454 3632336 3 US Treasury bonds and notes gross sales by foreign residents

Net purchases by foreign residents by area

16480306 4331992 4350641 4458819 3338854 3705953 3611164

4 Europe 156007 54202 20940 75802 5063 7923 26221 5 Canada ndash4043 8536 ndash20054 2049 5426 18053 7553 6 Caribbean financial centers 2 12854 ndash9205 3988 18426 ndash355 ndash1513 4772 7 Latin America excluding Caribbean financial centers ndash6705 ndash13933 6129 ndash569 1668 835 ndash2749 8 Asia 39226 16211 ndash10977 6337 27655 29297 ndash17241 9 Africa 1871 1483 ndash57 250 195 1287 14

10 Other Memoranda Net purchases of marketable long-term US securities by foreign official agencies included elsewhere in the

international transactions accounts net purchases (+) or net sales (ndash) (lines in table 5)

273 ndash1459 626 ndash916 2022 619 2602

1 US Treasury marketable bonds and notes (line B4) 274493 100820 109668 53811 10194 85762 77233 2 Other US government securities (line B6) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 3 US corporate and other bonds (part of line B16) ndash934 ndash1085 ndash2010 1896 265 296 ndash1723 4 US stocks (part of line B16) 14952 6716 8648 ndash664 252 456 5344

See the footnotes on pages 92ndash93

81 October 2012 SURVEY OF CURRENT BUSINESS

Table 9 Claims on and Liabilities to Unaffiliated Foreigners Reported by US Nonbanking Concerns Except Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets or increase in US liabilities Debits ndash increase in US assets or decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 Claims total (table 1 line 53) ndash11608 ndash92203 6147 9326 65122 ndash49183 396 862495 2 Financial claims ndash9057 ndash97175 5831 17487 64800 ndash52488 ndash2122 813284 3 Denominated in US dollars 25445 ndash93191 22472 44778 51386 ndash32492 ndash273 552075 4 Denominated in foreign currencies

By instrument 2

ndash34502 ndash3984 ndash16641 ndash27291 13414 ndash19996 ndash1849 261209

5 Resale agreements ndash832 378 ndash1975 823 ndash58 ndash453 ndash1566 4419 6 Negotiable certificates of deposit 1932 ndash535 2737 ndash817 547 772 () () 7 Other short-term instruments (including money market instruments) 1282 366 ndash3868 6786 ndash2002 528 ndash9379 11657 8 Deposits ndash36389 ndash80544 ndash13404 2457 55102 ndash50191 ndash7503 663858 9 Other claims 24950 ndash16840 22341 8238 11211 ndash3144 16326 133350

10 Of which Financial intermediariesrsquo accounts 3

By area

18189 ndash23472 21674 8096 11891 ndash4394 17666 107901

11 Europe Of which

ndash53513 ndash87957 5296 ndash7097 36245 ndash45912 15541 666624

12 United Kingdom ndash40517 ndash62686 ndash3745 ndash14500 40414 ndash47004 10918 395894 13 Germany ndash33689 ndash21553 ndash2793 ndash1886 ndash7457 ndash242 2037 57509 14 Caribbean financial centers 4 37655 ndash15180 1295 21661 29879 ndash9448 ndash9063 118148 15 Other 6801 5962 ndash760 2923 ndash1324 2872 ndash8600 28512

16 Commercial claims ndash2551 4972 316 ndash8161 322 3305 2518 49211 17 Denominated in US dollars ndash1774 5478 ndash29 ndash7943 720 3378 702 46635 18 Denominated in foreign currencies

By instrument

ndash777 ndash506 345 ndash218 ndash398 ndash73 1816 2576

19 Trade receivables ndash4541 2732 579 ndash7304 ndash548 4016 3150 37041 20 Advance payments and other claims

By area

1990 2240 ndash263 ndash857 870 ndash711 ndash632 12170

21 Europe ndash3279 2040 242 ndash5285 ndash276 5679 ndash854 15463 22 Canada ndash930 ndash209 968 ndash1748 59 ndash246 38 5832 23 Asia 676 2170 ndash742 ndash474 ndash278 ndash2023 2184 17120 24 Other 982 971 ndash152 ndash654 817 ndash105 1150 10796

B1 Liabilities total (table 1 line 68) 6567 40688 25538 ndash19670 ndash39989 24212 ndash8754 699925 2 Financial liabilities ndash1029 42077 25244 ndash30057 ndash38293 23388 ndash6819 636268 3 Denominated in US dollars ndash19634 36790 15510 ndash49765 ndash22169 9081 ndash16128 454215 4 Denominated in foreign currencies

By instrument 2

18605 5287 9734 19708 ndash16124 14307 9309 182053

5 Repurchase agreements ndash2808 ndash427 1542 ndash1150 ndash2773 577 588 3934 6 Short-term instruments ndash164 ndash121 592 ndash860 225 547 ndash575 1354 7 Other liabilities 1943 42625 23110 ndash28047 ndash35745 22264 ndash6832 630980 8 Of which Financial intermediariesrsquo accounts 3

By area

ndash3020 ndash892 ndash364 ndash958 ndash806 ndash1719 1166 36494

9 Europe Of which

ndash496 38802 25116 ndash31040 ndash33374 19239 543 560101

10 United Kingdom 7935 42202 22426 ndash29433 ndash27260 17504 4527 350093 11 Germany ndash7180 ndash8747 ndash383 297 1653 ndash1996 ndash3988 67121 12 Caribbean financial centers 4 3744 2692 223 2758 ndash1929 5716 ndash8186 60319 13 Other ndash4277 583 ndash95 ndash1775 ndash2990 ndash1567 824 15848

14 Commercial liabilities 7596 ndash1389 294 10387 ndash1696 824 ndash1935 63657 15 Denominated in US dollars 7723 ndash1259 283 10576 ndash1877 455 ndash477 59708 16 Denominated in foreign currencies

By instrument

ndash127 ndash130 11 ndash189 181 369 ndash1458 3949

17 Trade payables 2938 ndash541 ndash318 6484 ndash2687 ndash1137 ndash2126 29196 18 Advance receipts and other liabilities

By area

4658 ndash848 612 3903 991 1961 191 34461

19 Europe 3935 ndash1380 360 6413 ndash1458 ndash1812 ndash1608 16171 20 Canada 337 165 ndash924 1330 ndash234 333 ndash253 6854 21 Asia 4279 73 1015 1646 1545 2124 ndash81 29617 22 Other ndash955 ndash247 ndash157 998 ndash1549 179 7 11015

See the footnotes on pages 92ndash93

82 US International Transactions October 2012

Table 10 Claims on Foreigners Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + decrease in US assets Debits ndash increase in US assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Claims reported by US banks and securities brokers total (table 1 line 54) 213627 ndash86699 199487 14428 86411 218379 266660 3790278 2 Claims for own accounts 79139 ndash80502 193661 ndash60657 26637 129026 245655 3138242

3 Denominated in dollars

By instrument 2

82005 ndash85047 147209 ndash56032 75875 97684 287514 2772501

4 Resale agreements ndash72065 1537 ndash57055 ndash467 ndash16080 ndash8133 ndash4532 820679 5 Negotiable certificates of deposit ndash394 ndash796 ndash365 144 623 1173 ndash423 1229 6 Other short-term instruments (including money market instruments) 2128 2100 ndash2842 3166 ndash296 1309 990 8599 7 Deposits and brokerage balances 205019 ndash42537 249725 ndash57541 55372 116881 277188 923381 8 Other claims (including loans) ndash52683 ndash45351 ndash42254 ndash1334 36256 ndash13546 14291 1018613

By foreign borrower Claims on

9 Foreign banks 193237 ndash7372 191849 ndash39046 47806 112149 289830 1905728 10 Foreign nonbanks excluding foreign official institutions ndash132368 ndash72928 ndash57258 ndash20476 18294 ndash8815 ndash1540 824471 11 Foreign official institutions 3 21136 ndash4747 12618 3490 9775 ndash5650 ndash776 42302

By type of US reporting institution 4

US-owned banksrsquo claims on 12 Foreign banks ndash26007 ndash34281 160370 ndash208317 56221 108022 201393 641538 13 Foreign nonbanks and foreign official institutions

Foreign-owned banksrsquo claims on

ndash22376 ndash35403 ndash5971 ndash8427 27425 ndash6468 3158 207067

14 Foreign banks 204556 10975 51564 140958 1059 24173 67658 919137 15 Foreign nonbanks and foreign official institutions

Brokersrsquo and dealersrsquo claims on

ndash36217 ndash7345 ndash1226 ndash17917 ndash9729 3362 ndash2164 164645

16 Foreign banks 14688 15934 ndash20085 28313 ndash9474 ndash20046 20779 345053 17 Foreign nonbanks and foreign official institutions ndash52639 ndash34927 ndash37443 9358 10373 ndash11359 ndash3310 495061

18 Denominated in foreign currencies

By instrument 2

ndash2866 4545 46452 ndash4625 ndash49238 31342 ndash41859 365741

19 Deposits and brokerage balances 850 2137 ndash4381 11739 ndash8645 8331 ndash8252 139757 20 Other claims (including loans) ndash3716 2408 50833 ndash16364 ndash40593 23011 ndash33607 225984

21 Claims for customersrsquo accounts 134488 ndash6197 5826 75085 59774 89353 21005 652036

22 Denominated in dollars

By instrument 2

160127 ndash7359 34448 75693 57345 64217 33155 595086

23 Commercial paper 5 21984 ndash17448 ndash376 21858 17950 ndash27469 ndash322 205548 24 Negotiable certificates of deposit 31874 ndash31790 20270 33335 10059 5573 9087 94185 25 Other short-term instruments (including money market instruments) 6 31085 6757 3250 22357 ndash1279 5193 7326 34720 26 Deposits and brokerage balances (including sweep accounts) 7 41878 38479 ndash3119 ndash15841 22359 85356 11514 249079 27 Other claims 33306 ndash3357 14423 13984 8256 ndash4436 5550 11554

28 Denominated in foreign currencies

By instrument 2

ndash25639 1162 ndash28622 ndash608 2429 25136 ndash12150 56950

29 Deposits and brokerage balances ndash6354 ndash5513 1693 ndash2290 ndash244 352 ndash145 9357 30 Other claims

Claims total (line 1) by area ndash19285 6675 ndash30315 1682 2673 24784 ndash12005 47593

31 Europe Of which

208566 ndash72953 75471 130814 75234 78905 79616 1603053

32 United Kingdom 58711 ndash12618 86178 22639 ndash37488 65676 56791 1149588 33 Switzerland ndash16730 ndash5312 2673 ndash34558 20467 16882 8627 48056 34 Canada ndash33907 ndash2392 ndash11320 ndash4263 ndash15932 10934 ndash2453 232738 35 Caribbean financial centers 8 183568 9104 186027 ndash77493 65930 105913 250415 1063919 36 Latin America excluding Caribbean financial centers ndash35916 ndash12756 ndash9699 ndash8597 ndash4864 ndash2669 ndash7672 183259 37 Asia ndash106570 ndash15542 ndash30669 ndash28901 ndash31458 21014 ndash57419 585157 38 Of which Japan ndash65274 9113 ndash16606 ndash11761 ndash46020 18140 ndash39995 388413 39 Africa 7646 5261 ndash1258 3436 207 ndash862 ndash245 9936 40 Other

Memoranda ndash9760 2579 ndash9065 ndash568 ndash2706 5144 4418 112216

1 International banking facilitiesrsquo (IBFs) own claims denominated in dollars (in lines 1ndash15 above)

By bank ownership 4

24091 ndash48609 41746 14202 16752 50407 170340 371523

2 US-owned IBFs ndash85794 ndash34825 30080 ndash96927 15878 51614 154352 82701 3 Foreign-owned IBFs 109885 ndash13784 11666 111129 874 ndash1207 15988 288822

See the footnotes on pages 92ndash93

83 October 2012 SURVEY OF CURRENT BUSINESS

Table 11 Liabilities to Foreigners Except Foreign Official Agencies Reported by US Banks and Securities Brokers 1

[Millions of dollars]

Line (Credits + increase in US liabilities Debits ndash decrease in US liabilities) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

1 Liabilities reported by US banks and securities brokers total (table 1 part of line 65 and table 1 line 69) 350572 359196 ndash119563 112359 ndash1420 ndash134773 ndash211576 3953351 2 US Treasury bills and certificates (table 1 part of line 65) 41395 ndash781 ndash18208 19539 40845 ndash12667 ndash13807 262048 3 Other US liabilities total (table 1 line 69) 309177 359977 ndash101355 92820 ndash42265 ndash122106 ndash197769 3691303 4 Liabilities for own accounts 322677 336432 ndash108170 109703 ndash15288 ndash115632 ndash204720 3296249

5 Denominated in dollars

By instrument 2

252322 321455 ndash116320 75835 ndash28648 ndash103814 ndash211745 3048846

6 Repurchase agreements 82756 49603 38007 ndash63515 58661 ndash26962 ndash30751 575252 7 Deposits and brokerage balances 291767 182610 ndash8772 170062 ndash52133 ndash129288 ndash173973 1758133 8 Other liabilities (including loans) ndash122201 89242 ndash145555 ndash30712 ndash35176 52436 ndash7021 715461

By foreign holder Liabilities to

9 Foreign banks 145927 231244 ndash95034 38698 ndash28981 ndash121913 ndash236484 2101206 10 Foreign nonbanks including international organizations 106395 90211 ndash21286 37137 333 18099 24739 947640

By type of US reporting institution 3

US-owned banksrsquo liabilities to 11 Foreign banks ndash89314 22804 ndash113690 91718 ndash90146 ndash31480 ndash187790 699485 12 Foreign nonbanks including international organizations

Foreign-owned banksrsquo liabilities to

12190 39228 ndash55619 31388 ndash2807 2884 14681 275031

13 Foreign banks 249073 199309 3112 5724 40928 ndash80709 ndash18833 1114138 14 Foreign nonbanks including international organizations

Brokersrsquo and dealersrsquo liabilities to

27538 9964 4519 8075 4980 3443 18519 127991

15 Foreign banks ndash13832 9131 15544 ndash58744 20237 ndash9724 ndash29861 287583 16 Foreign nonbanks including international organizations 66667 41019 29814 ndash2326 ndash1840 11772 ndash8461 544618

17 Denominated in foreign currencies

By instrument 2

70355 14977 8150 33868 13360 ndash11818 7025 247403

18 Deposits and brokerage balances 55144 8721 15984 14646 15793 ndash8203 6658 141900 19 Other liabilities (including loans) 15211 6256 ndash7834 19222 ndash2433 ndash3615 367 105503

20 Liabilities for customersrsquo accounts ndash13500 23545 6815 ndash16883 ndash26977 ndash6474 6951 395054

21 Denominated in dollars

By instrument 2

ndash13252 23064 5318 ndash16237 ndash25397 ndash7769 5901 386528

22 Negotiable certificates of deposit and other short-term instruments ndash7433 22753 4196 ndash15970 ndash18412 ndash5329 ndash6308 165388 23 Other liabilities (including loans) ndash5819 311 1122 ndash267 ndash6985 ndash2440 12209 221140

24 Denominated in foreign currencies

Other US liabilities total (line 3) by area ndash248 481 1497 ndash646 ndash1580 1295 1050 8526

25 Europe 305282 217563 ndash35879 119913 3685 ndash91531 ndash187721 1383322 26 Canada 24333 17929 9687 1073 ndash4356 ndash8587 4456 124427 27 Caribbean financial centers 4 ndash151275 81576 ndash79079 ndash50683 ndash103089 ndash26350 ndash67947 1572294 28 Latin America excluding Caribbean financial centers 24535 8397 ndash7687 15971 7854 3925 6032 162565 29 Asia 94363 31832 2843 9503 50185 ndash6164 52339 375985 30 Africa 2661 1937 491 ndash100 333 3694 ndash2555 16223 31 Other

Memoranda 9278 743 8269 ndash2857 3123 2907 ndash2373 56487

1 International banking facilitiesrsquo (IBFs) own liabilities denominated in dollars (in lines 3ndash14 above)

By bank ownership 3

184561 108875 ndash19007 60508 34185 ndash124264 ndash130931 489487

2 US-owned IBFs 92706 44834 ndash28656 91716 ndash15188 ndash50229 ndash151008 190848 3 Foreign-owned IBFs 91855 64041 9649 ndash31208 49373 ndash74035 20077 298639

See the footnotes on pages 92ndash93

84 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Europe European Union Euro area Belgium

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 882904 222838 228338 733902 183858 189669 508065 125508 130631 40123 10439 11072 2 Exports of goods and services 562808 142184 145462 463195 115181 119188 319865 78336 82327 35023 8871 9052 3 Goods balance of payments basis 2 335393 87682 86577 273167 69730 69669 198248 49682 51380 29919 7556 7618 4 Services 3 227416 54501 58885 190028 45451 49519 121617 28655 30948 5104 1315 1434 5 Transfers under US military agency sales contracts 4 1943 417 391 995 210 178 598 119 96 29 2 3 6 Travel 32633 6263 9593 29088 5513 8552 17175 3185 4834 603 127 177 7 Passenger fares 10675 2298 3024 9443 2035 2698 5800 1150 1506 319 64 105 8 Other transportation 16572 4320 4269 14201 3730 3680 7701 2081 2055 438 111 107 9 Royalties and license fees 5 60025 14470 15043 48907 11971 12444 38708 9232 9585 977 262 272

10 Other private services 5 105274 26650 26466 87163 21923 21884 51474 12839 12812 2732 748 769 11 US government miscellaneous services 293 84 98 232 70 83 162 48 59 5 1 1 12 Income receipts 320096 80654 82876 270707 68677 70480 188200 47171 48304 5101 1567 2020 13 Income receipts on US-owned assets abroad 319565 80518 82737 270308 68575 70376 188006 47122 48255 5088 1564 2017 14 Direct investment receipts 212760 53530 55016 176970 44950 46211 140321 34908 36033 2983 747 1002 15 Other private receipts 106211 26706 27566 92795 23366 24023 47165 11689 12080 2105 817 1015 16 US government receipts 593 281 155 543 259 142 520 525 142 0 0 0 17 Compensation of employees 531 136 139 399 102 105 193 49 50 13 3 3 18 Imports of goods and services and income payments ndash886301 ndash218185 ndash229292 ndash738439 ndash181908 ndash190151 ndash517326 ndash126121 ndash133955 ndash44102 ndash10328 ndash11211 19 Imports of goods and services ndash631581 ndash153112 ndash165058 ndash522958 ndash126987 ndash137579 ndash381691 ndash92267 ndash99608 ndash23193 ndash5278 ndash6032 20 Goods balance of payments basis 2 ndash453605 ndash112101 ndash115955 ndash373313 ndash93508 ndash96841 ndash289108 ndash71916 ndash74651 ndash17735 ndash4052 ndash4720 21 Services 3 ndash177976 ndash41011 ndash49103 ndash149645 ndash33479 ndash40738 ndash92583 ndash20351 ndash24957 ndash5458 ndash1226 ndash1311 22 Direct defense expenditures ndash12496 ndash2856 ndash2897 ndash11462 ndash2582 ndash2626 ndash10297 ndash2290 ndash2333 ndash473 ndash79 ndash80 23 Travel ndash23012 ndash3892 ndash8495 ndash20494 ndash3469 ndash7587 ndash14552 ndash2465 ndash5337 ndash205 ndash40 ndash70 24 Passenger fares ndash13203 ndash2740 ndash4470 ndash12161 ndash2503 ndash4065 ndash7402 ndash1475 ndash2615 ndash99 ndash25 ndash22 25 Other transportation ndash22795 ndash5518 ndash5824 ndash18454 ndash4413 ndash4650 ndash11148 ndash2633 ndash2706 ndash636 ndash148 ndash147 26 Royalties and license fees 5 ndash23925 ndash6038 ndash6091 ndash18557 ndash4630 ndash4673 ndash13368 ndash3272 ndash3313 ndash776 ndash179 ndash184 27 Other private services 5 ndash80399 ndash19482 ndash20828 ndash67141 ndash15543 ndash16796 ndash34642 ndash7929 ndash8362 ndash3213 ndash741 ndash794 28 US government miscellaneous services ndash2146 ndash485 ndash498 ndash1376 ndash339 ndash342 ndash1174 ndash287 ndash291 ndash56 ndash14 ndash14 29 Income payments ndash254720 ndash65074 ndash64234 ndash215481 ndash54922 ndash52572 ndash135635 ndash33853 ndash34347 ndash20909 ndash5051 ndash5179 30 Income payments on foreign-owned assets in the United States ndash253809 ndash64831 ndash64016 ndash214897 ndash54768 ndash52433 ndash135425 ndash33791 ndash34299 ndash20896 ndash5047 ndash5176 31 Direct investment payments ndash112027 ndash28796 ndash27685 ndash95340 ndash24515 ndash22053 ndash62200 ndash15224 ndash15505 ndash3964 ndash951 ndash1129 32 Other private payments ndash116743 ndash29663 ndash29995 ndash103334 ndash26088 ndash26296 ndash62575 ndash15914 ndash16220 ndash14898 ndash3582 ndash3556 33 US government payments ndash25039 ndash6372 ndash6336 ndash16223 ndash4165 ndash4084 ndash10650 ndash2653 ndash2574 ndash2034 ndash514 ndash491 34 Compensation of employees ndash912 ndash243 ndash218 ndash584 ndash153 ndash139 ndash210 ndash62 ndash48 ndash13 ndash3 ndash3 35 Unilateral current transfers net ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 36 US government grants 4 ndash2165 ndash638 ndash652 ndash218 ndash70 ndash33 ndash90 ndash11 ndash8 ndash2 () 0 37 US government pensions and other transfers ndash2074 ndash525 ndash539 ndash1930 ndash489 ndash502 ndash1440 ndash353 ndash362 ndash26 ndash7 ndash7 38 Private remittances and other transfers 6

Capital account ndash5812 ndash1804 ndash1529 ndash383 77 121 414 188 250 ndash94 ndash24 8

39 Capital account transactions net Financial account

ndash4 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash241698 52106 42437 ndash253858 37642 30580 ndash150180 14949 ndash21545 ndash36537 ndash17874 ndash16064

41 US official reserve assets ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies ndash483 ndash130 ndash86 ndash439 ndash120 ndash84 ndash439 ndash119 ndash84 46 US government assets other than official reserve assets ndash86510 52774 4942 ndash86035 52354 4946 ndash85635 52427 4946 ndash2 2 () 47 US credits and other long-term assets ndash866 ndash127 ndash155 ndash715 ndash118 ndash107 ndash314 ndash42 ndash107 0 0 0 48 Repayments on US credits and other long-term assets 8 195 64 50 68 32 6 63 31 6 0 0 0 49 US foreign currency holdings and US short-term assets ndash85839 52838 5047 ndash85388 52440 5047 ndash85384 52438 5047 ndash2 2 () 50 US private assets ndash154705 ndash538 37580 ndash167383 ndash14591 25717 ndash64106 ndash37359 ndash26407 ndash36535 ndash17876 ndash16064 51 Direct investment ndash224295 ndash69579 ndash35261 ndash202758 ndash57151 ndash31661 ndash157387 ndash34853 ndash28505 ndash4667 ndash1840 1313 52 Foreign securities ndash82183 30368 ndash21462 ndash120594 17562 ndash25008 ndash34753 ndash4765 ndash1104 ndash42459 ndash17795 ndash16507 53 US claims on unaffiliated foreigners reported by US nonbanking concerns ndash56793 ndash40232 14687 ndash55772 ndash41123 14668 ndash25209 387 1758 140 ndash14 92 54 US claims reported by US banks and securities brokers 14 208566 78905 79616 211741 66121 67718 153243 1872 1444 10451 1773 ndash962 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 514084 ndash66118 ndash155957 419161 ndash67792 ndash189935 214137 ndash54016 3657 16896 ndash2772 ndash9818 56 Foreign official assets in the United States 38811 10712 33045 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash556 ndash107 ndash300 85 95 72 ndash127 33 ndash46 ndash28 1 2 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 475273 ndash76830 ndash189002 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 132568 10462 21024 106925 15005 14064 58524 5630 7253 10297 3087 1081 65 US Treasury securities 185225 ndash1701 16444 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities ndash151240 ndash11486 ndash37684 ndash143872 ndash12253 ndash37960 ndash88640 ndash4968 ndash9642 ndash23025 ndash4708 ndash7084 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns 3438 17426 ndash1065 3606 16820 ndash1001 ndash6433 1379 ndash4954 ndash73 4 ndash7 69 US liabilities reported by US banks and securities brokers 15 305282 ndash91531 ndash187721 18 452417 18 ndash87459 18 ndash165110 18 250813 18 ndash56090 18 11046 18 29725 18 ndash1156 18 ndash3810 70 Financial derivatives net 21234 ndash8391 ndash2314 22900 ndash10639 ndash1370 ndash4656 ndash4112 1082 ndash81 ndash62 81 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash280169 20717 20 119508 ndash181136 39322 20 161622 ndash48923 43968 20 20250 23823 20630 20 25939

72 Balance on goods (lines 3 and 20) ndash118212 ndash24419 ndash29378 ndash100146 ndash23778 ndash27171 ndash90860 ndash22234 ndash23271 12184 3505 2898 73 Balance on services (lines 4 and 21) 49440 13491 9782 40383 11973 8780 29034 8303 5991 ndash355 89 123 74 Balance on goods and services (lines 2 and 19) ndash68773 ndash10928 ndash19596 ndash59763 ndash11806 ndash18391 ndash61826 ndash13931 ndash17281 11830 3593 3020 75 Balance on income (lines 12 and 29) 65376 15580 18643 55226 13755 17909 52565 13318 13957 ndash15808 ndash3483 ndash3159 76 Unilateral current transfers net (line 35) ndash10051 ndash2967 ndash2720 ndash2531 ndash482 ndash414 ndash1116 ndash176 ndash120 ndash122 ndash32 1 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash13448 1685 ndash3674 ndash7068 1467 ndash896 ndash10377 ndash789 ndash3444 ndash4101 78 ndash138

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 85

Transactions by AreamdashContinues of dollars]

France Germany Italy Netherlands United Kingdom Europe excluding European Union

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

61663 15202 16336 90192 21702 22244 28617 6977 7084 121076 29483 31146 181769 47281 47386 149002 38980 38670 1 46368 11727 12776 75348 18559 19553 25625 6398 6546 57427 13224 14059 110006 28351 28366 99613 27003 26274 2 28490 7660 8321 49626 12645 12798 16246 4335 4331 42632 9959 10548 57036 15502 13936 62226 17953 16908 3 17878 4067 4454 25722 5914 6755 9379 2064 2215 14795 3265 3511 52970 12849 14431 37388 9050 9366 4

41 22 7 130 20 32 92 19 13 117 17 18 202 38 35 948 206 213 5 3819 656 987 4905 893 1554 2606 493 619 1448 273 418 8968 1701 2793 3545 750 1041 6 1161 261 310 1433 320 446 1074 194 239 633 137 171 3006 662 931 1232 263 326 7 1460 363 380 2934 729 757 613 158 151 952 225 227 3893 960 984 2371 590 589 8 3479 788 823 6895 1673 1741 1805 414 432 4943 942 978 7436 2123 2217 11119 2499 2599 9 7873 1969 1926 9353 2260 2208 3177 782 757 6692 1667 1696 29417 7349 7452 18111 4727 4583 10

45 8 21 71 19 17 13 3 3 10 4 2 48 16 19 61 15 15 11 15296 3476 3560 14844 3143 2691 2992 578 539 63649 16259 17087 71763 18930 19020 49389 11977 12396 12 15257 3466 3550 14766 3122 2669 2972 573 534 63632 16255 17083 71654 18902 18991 49256 11943 12361 13

4225 926 967 5292 1074 717 1221 273 255 55195 14206 15057 31798 8693 8601 35791 8581 8805 14 11032 2540 2583 8988 1930 1869 1751 300 279 8437 2049 2026 39837 10203 10385 13416 3340 3543 15

0 0 0 486 118 83 0 0 0 0 0 0 19 6 5 50 22 13 16 38 10 10 79 21 22 19 5 5 16 4 4 109 28 29 133 34 35 17

ndash74033 ndash19001 ndash20102 ndash155703 ndash38660 ndash39651 ndash45323 ndash10671 ndash12965 ndash57146 ndash13220 ndash14298 ndash166635 ndash42860 ndash41605 ndash147863 ndash36277 ndash39141 18 ndash56894 ndash13914 ndash14912 ndash130251 ndash33034 ndash34657 ndash42871 ndash9906 ndash12352 ndash32792 ndash8014 ndash8316 ndash97547 ndash24160 ndash25889 ndash108623 ndash26125 ndash27479 19 ndash40676 ndash10437 ndash10392 ndash99425 ndash25847 ndash26352 ndash34327 ndash8372 ndash9814 ndash24044 ndash6021 ndash6046 ndash51878 ndash13629 ndash13684 ndash80292 ndash18593 ndash19114 20 ndash16219 ndash3477 ndash4519 ndash30826 ndash7187 ndash8305 ndash8543 ndash1534 ndash2539 ndash8748 ndash1993 ndash2270 ndash45669 ndash10531 ndash12205 ndash28331 ndash7532 ndash8365 21

ndash117 ndash12 ndash15 ndash7432 ndash1694 ndash1700 ndash1424 ndash316 ndash350 ndash149 ndash24 ndash28 ndash1107 ndash280 ndash268 ndash1034 ndash274 ndash271 22 ndash2547 ndash379 ndash1107 ndash2745 ndash637 ndash1016 ndash3382 ndash384 ndash1238 ndash1143 ndash226 ndash403 ndash4559 ndash834 ndash1726 ndash2518 ndash423 ndash908 23 ndash1679 ndash343 ndash586 ndash2919 ndash561 ndash1155 ndash528 ndash116 ndash157 ndash723 ndash164 ndash221 ndash4132 ndash928 ndash1250 ndash1042 ndash237 ndash405 24 ndash2093 ndash475 ndash485 ndash3909 ndash956 ndash984 ndash854 ndash198 ndash222 ndash1181 ndash279 ndash282 ndash3331 ndash760 ndash832 ndash4341 ndash1105 ndash1174 25 ndash4214 ndash1065 ndash1064 ndash3721 ndash837 ndash844 ndash94 ndash27 ndash27 ndash749 ndash208 ndash209 ndash3318 ndash915 ndash917 ndash5369 ndash1409 ndash1418 26 ndash5242 ndash1124 ndash1182 ndash9634 ndash2384 ndash2489 ndash2147 ndash464 ndash515 ndash4736 ndash1076 ndash1112 ndash29107 ndash6790 ndash7187 ndash13257 ndash3939 ndash4033 27

ndash327 ndash79 ndash81 ndash466 ndash117 ndash117 ndash115 ndash28 ndash29 ndash68 ndash16 ndash15 ndash115 ndash24 ndash25 ndash770 ndash146 ndash156 28 ndash17139 ndash5087 ndash5190 ndash25452 ndash5626 ndash4994 ndash2452 ndash765 ndash612 ndash24354 ndash5206 ndash5982 ndash69089 ndash18700 ndash15716 ndash39239 ndash10152 ndash11662 29 ndash17096 ndash5074 ndash5181 ndash25406 ndash5612 ndash4984 ndash2426 ndash758 ndash606 ndash24343 ndash5203 ndash5980 ndash68851 ndash18643 ndash15657 ndash38911 ndash10063 ndash11583 30 ndash10891 ndash3379 ndash3368 ndash18006 ndash3685 ndash3072 ndash1485 ndash522 ndash370 ndash17742 ndash3493 ndash4212 ndash27507 ndash8199 ndash5307 ndash16686 ndash4281 ndash5632 31 ndash5309 ndash1297 ndash1323 ndash5984 ndash1585 ndash1560 ndash493 ndash129 ndash129 ndash5796 ndash1525 ndash1591 ndash37618 ndash9378 ndash9256 ndash13409 ndash3575 ndash3699 32

ndash896 ndash398 ndash490 ndash1416 ndash342 ndash352 ndash448 ndash107 ndash107 ndash805 ndash185 ndash177 ndash3726 ndash1066 ndash1094 ndash8816 ndash2207 ndash2252 33 ndash43 ndash13 ndash9 ndash46 ndash14 ndash10 ndash26 ndash8 ndash6 ndash10 ndash3 ndash2 ndash237 ndash57 ndash59 ndash328 ndash89 ndash79 34

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 35 ndash1 () 0 0 0 0 ndash1 () 0 0 0 0 () () 0 ndash1947 ndash568 ndash619 36

ndash122 ndash30 ndash31 ndash486 ndash123 ndash126 ndash253 ndash64 ndash66 ndash37 ndash9 ndash9 ndash314 ndash78 ndash80 ndash144 ndash36 ndash37 37 ndash23 ndash41 78 2390 738 698 ndash319 ndash50 ndash80 ndash95 2 ndash14 ndash368 ndash5 ndash59 ndash5429 ndash1881 ndash1650 38

0 0 na 0 0 na 0 0 na 0 0 na 0 0 na ndash4 0 na 39

89075 1335 12642 28088 7322 18845 39988 2727 3477 ndash58127 ndash156 ndash9152 ndash104634 25425 35368 12160 14464 11857 40 ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 0 0 0 0 0 0 0 0 0 ndash44 ndash10 ndash2 41

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 43 44

ndash256 ndash64 ndash57 ndash144 ndash55 ndash26 ndash44 ndash10 ndash2 45 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash312 ndash70 ndash2 ndash475 421 ndash4 46 0 0 0 0 0 0 0 0 0 0 0 0 ndash310 ndash71 0 ndash151 ndash9 ndash48 47 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 32 44 48 0 2 ndash3 ndash9 7 5 () () 1 () () () ndash2 1 ndash2 ndash451 398 0 49

89331 1397 12702 28241 7370 18866 39988 2727 3476 ndash58127 ndash156 ndash9152 ndash104322 25495 35370 12679 14053 11863 50 ndash77 ndash1859 ndash873 ndash8347 378 1241 ndash450 ndash769 ndash99 ndash55685 ndash9841 ndash15241 ndash36799 ndash20756 ndash3127 ndash21536 ndash12428 ndash3600 51

ndash679 5731 11232 42656 15165 21425 16734 3639 2290 6130 5329 5955 ndash83257 24339 ndash28376 38411 12806 3546 52 1013 ndash164 ndash732 ndash34478 634 1147 590 ndash254 ndash3 1542 780 ndash212 ndash42977 ndash43764 10082 ndash1021 891 19 53

89074 ndash2311 3075 28410 ndash8807 ndash4947 23114 111 1288 ndash10114 3576 346 58711 65676 56791 ndash3175 12784 11898 54

104407 ndash20790 30433 26049 897 ndash11628 14088 ndash378 ndash140 ndash2236 2128 ndash2409 200053 ndash17666 ndash185134 94923 1675 33978 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 39 6 52 ndash55 21 ndash13 ndash27 11 6 ndash57 1 ndash42 166 ndash2 111 ndash641 ndash202 ndash372 60

( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

4281 2557 5606 13912 ndash1683 948 3266 913 ndash187 795 ndash5475 ndash1814 46799 7120 6326 25643 ndash4542 6960 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash27220 5065 ndash4296 ndash2229 ndash3035 ndash4577 1337 ndash854 ndash936 ndash5642 2507 ndash2730 ndash48252 ndash6596 ndash27612 ndash7368 767 276 66 na na na na na na na na na na na na na na na na na na 67 ndash61 ndash150 ndash249 ndash6635 ndash1808 ndash4149 329 ndash309 135 43 4155 ndash313 10217 15559 4082

18 ndash ndash168 606 ndash64 68

18 127368 18 ndash28268 18 29320 18 21056 18 7402 18 ndash3837 18 9183 18 ndash139 18 842 18 2625 18 940 18 2490 18 191123 18 ndash33747 168041 18 77457 18 5046 18 27178 69 ndash11890 2019 ndash350 2764 1751 202 ndash1988 300 ndash102 1824 ndash182 ndash404 28499 ndash5753 ndash2261 ndash1666 2248 ndash944 70

ndash169076 21305 20 ndash39006 6706 6373 20 9416 ndash34809 1160 20 2792 ndash5259 ndash18046 20 ndash4859 ndash138370 ndash6343 20 146385 ndash99033 ndash18605 20 ndash42114 71

ndash12186 ndash2777 ndash2071 ndash49799 ndash13202 ndash13555 ndash18081 ndash4038 ndash5483 18588 3938 4502 5158 1873 252 ndash18066 ndash640 ndash2207 72 1659 591 ndash65 ndash5104 ndash1273 ndash1549 836 530 ndash324 6047 1272 1241 7301 2318 2225 9056 1518 1002 73

ndash10526 ndash2187 ndash2136 ndash54903 ndash14475 ndash15104 ndash17245 ndash3508 ndash5807 24635 5210 5743 12459 4191 2478 ndash9010 878 ndash1205 74 ndash1844 ndash1611 ndash1630 ndash10607 ndash2483 ndash2303 539 ndash187 ndash74 39295 11054 11105 2675 229 3304 10150 1825 734 75

ndash145 ndash71 47 1904 615 572 ndash573 ndash114 ndash146 ndash132 ndash7 ndash23 ndash682 ndash83 ndash139 ndash7520 ndash2485 ndash2306 76 ndash12515 ndash3869 ndash3719 ndash63607 ndash16344 ndash16834 ndash17279 ndash3809 ndash6027 63797 16256 16825 14452 4337 5642 ndash6380 218 ndash2777 77

86 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Canada Latin America and Other Western Hemisphere South and Central America Argentina

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 402931 101673 106359 633079 159255 165534 477157 124087 127717 18161 4244 4965 2 Exports of goods and services 338553 86742 91416 484383 124423 128735 426245 110587 114618 15694 3565 4442 3 Goods balance of payments basis 2 282277 71983 76472 368416 96426 100092 345332 90787 94129 9927 2111 3044 4 Services 3 56277 14759 14944 115968 27997 28643 80914 19800 20489 5767 1454 1398 5 Transfers under US military agency sales contracts 4 157 23 33 567 151 146 446 119 114 2 1 1 6 Travel 19366 5696 5990 27076 6044 6854 24510 5518 6358 1891 482 450 7 Passenger fares 4598 1187 1060 10838 2708 2823 9887 2508 2582 896 251 222 8 Other transportation 3161 761 869 6007 1387 1417 4854 1087 1118 176 30 37 9 Royalties and license fees 5 9589 2159 2264 14319 3461 3611 9838 2394 2507 837 162 169

10 Other private services 5 19362 4910 4715 56968 14199 13744 31222 8135 7771 1953 525 516 11 US government miscellaneous services 44 23 13 192 47 48 157 38 39 11 3 3 12 Income receipts 64378 14930 14943 148695 34832 36799 50912 13500 13098 2467 679 523 13 Income receipts on US-owned assets abroad 64177 14878 14892 148526 34789 36755 50798 13471 13069 2461 677 521 14 Direct investment receipts 40729 8691 8488 99603 21968 23462 35878 9229 8231 1870 525 368 15 Other private receipts 23446 6187 6404 48676 12697 13202 14715 4126 4752 586 150 152 16 US government receipts 2 () 1 247 123 90 206 116 86 5 2 () 17 Compensation of employees 201 52 51 169 44 44 113 29 30 6 2 2 18 Imports of goods and services and income payments ndash373703 ndash97270 ndash97128 ndash599466 ndash155846 ndash157019 ndash484627 ndash127567 ndash129141 ndash6561 ndash1690 ndash1554 19 Imports of goods and services ndash349007 ndash89991 ndash91472 ndash529285 ndash137234 ndash137872 ndash461535 ndash121388 ndash122539 ndash6284 ndash1621 ndash1478 20 Goods balance of payments basis 2 ndash320538 ndash83734 ndash84094 ndash442901 ndash115705 ndash116132 ndash423127 ndash110971 ndash111886 ndash4582 ndash1109 ndash1050 21 Services 3 ndash28469 ndash6257 ndash7378 ndash86384 ndash21529 ndash21740 ndash38407 ndash10417 ndash10652 ndash1702 ndash512 ndash429 22 Direct defense expenditures ndash211 ndash49 ndash50 ndash286 ndash62 ndash75 ndash259 ndash56 ndash68 ndash5 ndash1 ndash1 23 Travel ndash7064 ndash980 ndash1859 ndash24261 ndash6900 ndash6982 ndash18275 ndash5243 ndash5402 ndash575 ndash222 ndash136 24 Passenger fares ndash593 ndash150 ndash160 ndash3500 ndash1041 ndash966 ndash2851 ndash869 ndash812 ndash72 ndash26 ndash14 25 Other transportation ndash4790 ndash1153 ndash1257 ndash5531 ndash1379 ndash1300 (D) (D) ndash825 ndash138 ndash39 ndash40 26 Royalties and license fees 5 ndash981 ndash237 ndash239 ndash2745 ndash756 ndash779 (D) (D) ndash588 ndash177 ndash53 ndash55 27 Other private services 5 ndash14600 ndash3629 ndash3755 ndash49411 ndash11235 ndash11474 ndash10874 ndash2652 ndash2817 ndash721 ndash168 ndash179 28 US government miscellaneous services ndash231 ndash58 ndash58 ndash650 ndash156 ndash165 ndash557 ndash133 ndash141 ndash14 ndash3 ndash4 29 Income payments ndash24696 ndash7279 ndash5656 ndash70181 ndash18611 ndash19147 ndash23093 ndash6179 ndash6602 ndash277 ndash69 ndash76 30 Income payments on foreign-owned assets in the United States ndash24089 ndash7122 ndash5506 ndash60296 ndash16523 ndash16724 ndash13794 ndash4213 ndash4324 ndash238 ndash59 ndash66 31 Direct investment payments ndash11082 ndash3608 ndash1789 ndash4518 ndash1778 ndash1894 ndash2317 ndash1095 ndash1152 29 6 2 32 Other private payments ndash11807 ndash3187 ndash3340 ndash42380 ndash11224 ndash11314 ndash3333 ndash899 ndash906 ndash222 ndash54 ndash57 33 US government payments ndash1200 ndash327 ndash377 ndash13398 ndash3521 ndash3516 ndash8144 ndash2219 ndash2266 ndash45 ndash11 ndash11 34 Compensation of employees ndash607 ndash157 ndash150 ndash9885 ndash2088 ndash2423 ndash9299 ndash1966 ndash2278 ndash40 ndash9 ndash10 35 Unilateral current transfers net ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 36 US government grants 4 0 0 0 ndash2869 ndash623 ndash590 ndash2021 ndash453 ndash438 ndash9 () () 37 US government pensions and other transfers ndash724 ndash185 ndash190 ndash912 ndash223 ndash228 ndash759 ndash186 ndash190 ndash36 ndash9 ndash9 38 Private remittances and other transfers 6

Capital account ndash1436 ndash335 ndash294 ndash13823 ndash3193 ndash3730 ndash23209 ndash5826 ndash5730 ndash93 ndash71 ndash26

39 Capital account transactions net Financial account

0 0 na ndash3 ndash1 na ndash3 ndash1 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash111713 ndash4515 ndash15500 64877 58918 213803 ndash84031 ndash22815 ndash14665 ndash7017 ndash791 ndash527

41 US official reserve assets 0 0 0 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets 2 2 1 ndash889 ndash1132 106 ndash704 ndash1066 120 17 6 2 47 US credits and other long-term assets 0 0 0 ndash1684 ndash1178 ndash136 ndash1440 ndash1098 ndash101 ndash1 ndash2 0 48 Repayments on US credits and other long-term assets 8 4 1 1 780 51 236 715 41 211 16 8 1 49 US foreign currency holdings and US short-term assets ndash2 1 () 15 ndash5 6 21 ndash9 10 2 () 1 50 US private assets ndash111716 ndash4517 ndash15501 65767 60050 213697 ndash83327 ndash21748 ndash14785 ndash7034 ndash797 ndash528 51 Direct investment ndash40410 ndash8465 ndash6878 ndash84540 ndash19396 ndash22232 ndash29720 ndash8567 ndash7065 ndash2801 ndash603 ndash1038 52 Foreign securities ndash39029 ndash7264 ndash6644 ndash36906 ndash13879 1445 ndash19927 ndash9326 ndash850 ndash3262 416 573 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1630 278 474 39561 ndash9919 ndash8259 1841 ndash1264 1219 180 68 42 54 US claims reported by US banks and securities brokers 14 ndash33907 10934 ndash2453 147652 103244 242743 ndash35521 ndash2591 ndash8089 ndash1151 ndash678 ndash105 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 58606 5800 20632 30655 1570 ndash57873 86453 18702 31986 ndash1553 203 275 56 Foreign official assets in the United States 3872 ndash535 ndash695 49694 7983 24414 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 ndash20 6 ndash7 194 133 ndash6 190 134 ndash8 6 ndash2 6 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 54734 6335 21327 ndash19039 ndash6413 ndash82287 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 18661 2236 2330 18373 1209 1865 7148 306 849 ndash171 ndash18 19 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 17289 ndash4464 5774 63628 9846 ndash13209 10861 2100 3157 ndash178 ndash157 254 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ndash36 ndash17 8 69 US liabilities reported by US banks and securities brokers 15 24333 ndash8587 4456 ndash126740 ndash22425 ndash61915 18 68254 18 16162 18 27988 18 ndash1174 18 397 18 ndash12 70 Financial derivatives net 3206 ndash130 3705 11754 6556 ndash262 4779 247 593 ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 22833 ndash5038 20 ndash17584 ndash123292 ndash66413 20 ndash159635 26262 13812 20 ndash10133 ndash2891 ndash1886 20 ndash3124

72 Balance on goods (lines 3 and 20) ndash38261 ndash11751 ndash7622 ndash74486 ndash19279 ndash16040 ndash77796 ndash20184 ndash17757 5345 1002 1995 73 Balance on services (lines 4 and 21) 27807 8502 7566 29584 6468 6903 42507 9383 9837 4065 942 969 74 Balance on goods and services (lines 2 and 19) ndash10454 ndash3249 ndash56 ndash44902 ndash12811 ndash9137 ndash35289 ndash10801 ndash7920 9410 1944 2964 75 Balance on income (lines 12 and 29) 39682 7652 9286 78514 16221 17652 27819 7321 6496 2190 610 447 76 Unilateral current transfers net (line 35) ndash2160 ndash520 ndash484 ndash17604 ndash4039 ndash4548 ndash25989 ndash6465 ndash6358 ndash138 ndash80 ndash36 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 27068 3883 8747 16009 ndash630 3967 ndash33459 ndash9945 ndash7782 11461 2474 3375

See the footnotes on pages 92ndash93

87 October 2012 SURVEY OF CURRENT BUSINESS

Transactions by AreamdashContinues of dollars]

Brazil Mexico Venezuela Other South and Central America Other Western Hemisphere

Line

2011 2012

2011 2012

2011 2012

2011 2012

2011 2012

I r II p I r II p I r II p I r II p I r II p

83472 20310 20670 239968 63848 64396 20390 5803 6446 115165 29880 31239 155922 35169 37817 1 64542 15449 16051 224007 59628 59955 17985 5055 5677 104018 26889 28493 58138 13836 14117 2 42821 10156 10674 198711 53214 53492 12338 3719 4286 81535 21586 22633 23084 5639 5963 3 21721 5293 5377 25296 6414 6463 5647 1336 1391 22483 5302 5860 35054 8197 8154 4

9 6 3 60 17 14 () () () 375 96 95 121 32 32 5 5878 1434 1466 6424 1478 1667 1993 354 426 8324 1770 2349 2566 526 496 6 2575 617 635 2825 836 799 946 168 182 2645 636 744 951 200 241 7 1132 257 270 1242 230 226 250 62 65 2054 508 520 1153 300 299 8 3743 844 885 2769 747 781 548 182 189 1940 459 482 4482 1067 1104 9 8374 2133 2115 11947 3099 2968 1908 569 528 7040 1808 1643 25746 6064 5973 10

9 2 2 29 7 8 2 () () 106 26 27 35 9 9 11 18931 4861 4620 15962 4220 4441 2405 748 770 11147 2992 2745 97784 21332 23701 12 18914 4857 4615 15929 4212 4433 2399 747 768 11095 2978 2732 97728 21318 23686 13 11594 2809 2187 11854 3060 3051 2053 651 676 8507 2183 1949 63725 12740 15231 14

7257 2045 2406 3973 1148 1330 346 96 92 2553 687 772 33961 8571 8450 15 63 3 22 102 4 52 0 0 0 35 108 11 42 7 5 16 17 4 4 32 8 8 6 2 2 52 13 13 56 14 15 17

ndash43642 ndash12067 ndash11774 ndash294643 ndash78202 ndash79993 ndash45115 ndash10761 ndash9369 ndash94665 ndash24845 ndash26450 ndash114839 ndash28279 ndash27879 18 ndash38519 ndash10676 ndash10244 ndash281307 ndash74583 ndash76170 ndash44215 ndash10603 ndash9218 ndash91209 ndash23905 ndash25429 ndash67751 ndash15846 ndash15333 19 ndash31549 ndash8821 ndash8261 ndash267345 ndash70579 ndash72443 ndash43391 ndash10389 ndash9011 ndash76260 ndash20073 ndash21123 ndash19774 ndash4734 ndash4246 20 ndash6970 ndash1855 ndash1984 ndash13962 ndash4004 ndash3727 ndash824 ndash215 ndash207 ndash14949 ndash3832 ndash4306 ndash47977 ndash11112 ndash11088 21

ndash15 ndash1 ndash4 ndash11 ndash3 ndash2 ndash2 0 0 ndash226 ndash51 ndash61 ndash27 ndash6 ndash7 22 ndash1065 ndash305 ndash372 ndash8616 ndash2657 ndash2375 ndash277 ndash71 ndash65 ndash7742 ndash1988 ndash2454 ndash5986 ndash1657 ndash1580 23

ndash327 ndash97 ndash98 ndash702 ndash240 ndash238 ndash64 ndash20 ndash17 ndash1686 ndash486 ndash445 ndash649 ndash172 ndash154 24 ndash541 (D) ndash141 ndash871 ndash184 ndash150 ndash221 (D) ndash58 (D) ndash464 ndash436 (D) (D) ndash475 25

ndash1065 (D) ndash325 ndash476 ndash124 ndash123 ndash104 (D) ndash33 (D) ndash51 ndash52 (D) (D) ndash191 26 ndash3931 ndash987 ndash1037 ndash3080 ndash746 ndash787 ndash148 ndash30 ndash32 ndash2993 ndash719 ndash782 ndash38537 ndash8583 ndash8656 27

ndash26 ndash6 ndash7 ndash206 ndash50 ndash52 ndash8 ndash2 ndash2 ndash304 ndash72 ndash76 ndash92 ndash23 ndash24 28 ndash5123 ndash1392 ndash1530 ndash13336 ndash3620 ndash3823 ndash900 ndash158 ndash152 ndash3456 ndash941 ndash1021 ndash47088 ndash12433 ndash12545 29 ndash5061 ndash1375 ndash1515 ndash4752 ndash1814 ndash1720 ndash878 ndash151 ndash147 ndash2865 ndash813 ndash876 ndash46503 ndash12310 ndash12400 30

5 (D) ndash195 ndash1785 ndash1002 ndash885 (D) (D) ndash40 (D) () ndash34 ndash2202 ndash683 ndash742 31 ndash205 ndash55 ndash57 ndash1231 ndash329 ndash319 ndash198 ndash59 ndash61 ndash1477 ndash402 ndash412 ndash39047 ndash10325 ndash10408 32

ndash4861 (D) ndash1263 ndash1736 ndash483 ndash516 (D) (D) ndash46 (D) ndash411 ndash430 ndash5254 ndash1302 ndash1250 33 ndash62 ndash16 ndash15 ndash8584 ndash1806 ndash2104 ndash22 ndash7 ndash5 ndash591 ndash128 ndash146 ndash586 ndash122 ndash145 34

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 35 ndash41 ndash9 ndash6 ndash495 ndash89 ndash92 ndash22 ndash1 ndash2 ndash1454 ndash354 ndash337 ndash848 ndash170 ndash152 36 ndash27 ndash7 ndash7 ndash382 ndash92 ndash94 ndash4 ndash1 ndash1 ndash310 ndash77 ndash79 ndash153 ndash37 ndash38 37

ndash364 ndash105 ndash80 ndash13756 ndash3426 ndash3424 ndash32 22 ndash3 ndash8964 ndash2246 ndash2196 9387 2633 2000 38

0 0 na 0 0 na 0 0 na ndash3 ndash1 na 0 0 na 39

ndash39462 ndash6335 ndash1387 ndash23906 ndash9076 ndash7132 ndash3155 ndash688 324 ndash10491 ndash5926 ndash5944 148908 81733 228468 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

45 90 6 72 ndash685 ndash20 84 0 0 0 ndash126 ndash1058 ndash37 ndash186 ndash65 ndash14 46

ndash90 ndash4 0 ndash820 ndash20 ndash4 0 0 0 ndash528 ndash1073 ndash97 ndash244 ndash80 ndash35 47 180 21 68 142 3 77 0 0 0 376 10 66 64 10 25 48

0 ndash11 4 ndash7 ndash3 11 0 0 0 26 5 ndash6 ndash6 4 ndash4 49 ndash39552 ndash6340 ndash1459 ndash23221 ndash9055 ndash7215 ndash3155 ndash688 324 ndash10365 ndash4868 ndash5907 149094 81798 228482 50 ndash9805 ndash2816 ndash1213 ndash8310 ndash2749 ndash2507 ndash2324 ndash182 ndash688 ndash6480 ndash2217 ndash1619 ndash54820 ndash10829 ndash15167 51 ndash2892 ndash4428 ndash415 ndash14634 ndash5488 ndash1566 ndash726 ndash43 792 1587 217 ndash234 ndash16979 ndash4553 2295 52

210 4 89 1183 ndash532 487 5 ndash261 253 263 ndash543 348 37720 ndash8655 ndash9478 53 ndash27065 900 80 ndash1460 ndash286 ndash3629 ndash110 ndash202 ndash33 ndash5735 ndash2325 ndash4402 183173 105835 250832 54

36759 9432 5839 18473 1844 20673 5572 ndash2710 ndash299 27201 9933 5498 ndash55797 ndash17132 ndash89859 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 123 41 ndash32 81 ndash1 7 0 0 0 ndash20 96 11 4 ndash1 2 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63

3664 ndash131 269 2491 292 843 996 68 ndash206 167 95 ndash76 11226 903 1016 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 197 635 1248 8127 751 1201 841 299 232 1874 572 222 52767 7746 ndash16366 66 na na na na na na na na na na na na na na na 67 305 10 194 ndash210 ndash95 101 ndash278 190 36 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 68

18 32470 18 8877 18 4160 18 7984 18 897 18 18521 18 4013 18 ndash3267 18 ndash361 18 25180 18 9170 18 5341 18 ndash119794 18 ndash25780 18 ndash74511 69 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 4779 247 593 6975 6309 ndash855 70

ndash36695 ndash11219 20 ndash13255 74740 25193 20 5666 22366 8336 20 2904 ndash31258 ndash6612 20 ndash2323 ndash149554 ndash80225 20 ndash149503 71

11272 1335 2413 ndash68634 ndash17365 ndash18951 ndash31053 ndash6670 ndash4725 5275 1513 1511 3310 905 1717 72 14751 3438 3393 11334 2410 2736 4823 1122 1184 7534 1471 1554 ndash12923 ndash2915 ndash2934 73 26022 4773 5807 ndash57300 ndash14954 ndash16214 ndash26230 ndash5548 ndash3541 12809 2984 3064 ndash9613 ndash2010 ndash1217 74 13808 3470 3090 2626 600 617 1505 590 618 7691 2051 1724 50695 8900 11156 75

ndash432 ndash121 ndash93 ndash14633 ndash3607 ndash3610 ndash58 20 ndash7 ndash10728 ndash2677 ndash2612 8386 2426 1810 76 39398 8122 8803 ndash69307 ndash17961 ndash19207 ndash24784 ndash4938 ndash2929 9772 2358 2176 49468 9316 11749 77

88 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Asia and Pacific Australia China Hong Kong

2011 2012

2011 2012

2011 2012

2011 2012

I r II pI r II p I r II p I r II p

Current account 1 Exports of goods and services and income receipts 712963 183175 182661 65972 17277 17407 144330 37377 34783 54341 13492 13744 2 Exports of goods and services 586414 151245 149694 43830 11284 11869 131994 34881 32272 43780 11197 11770 3 Goods balance of payments basis 2 418116 105377 107533 27463 7466 7666 105263 27268 26187 37687 9676 10285 4 Services 3 168298 45868 42162 16368 3818 4203 26731 7613 6085 6093 1521 1485 5 Transfers under US military agency sales contracts 4 10374 2616 2650 264 79 52 () () () () () () 6 Travel 31798 8098 8383 4252 890 1335 5689 1306 1316 444 114 134 7 Passenger fares 9344 2765 2338 711 223 163 2051 566 429 147 41 44 8 Other transportation 14522 3531 3694 481 112 113 2358 558 597 1743 406 400 9 Royalties and license fees 5 34696 9014 9477 3314 717 748 4114 1044 1092 621 145 151

10 Other private services 5 67074 19711 15500 7330 1794 1784 12490 4132 2644 3132 814 754 11 US government miscellaneous services 489 133 120 16 4 7 28 8 7 6 2 2 12 Income receipts 126549 31930 32967 22142 5993 5538 12336 2496 2511 10562 2296 1973 13 Income receipts on US-owned assets abroad 126123 31822 32858 22116 5987 5532 12270 2480 2495 10562 2296 1973 14 Direct investment receipts 80723 19759 19344 11637 3281 2764 9677 1736 1561 6559 1259 814 15 Other private receipts 44991 11929 13368 10468 2705 2768 2561 737 929 3994 1036 1155 16 US government receipts 408 134 146 11 1 0 32 7 5 9 () 4 17 Compensation of employees 427 109 109 26 7 7 65 16 17 0 0 0 18 Imports of goods and services and income payments ndash1067404 ndash266832 ndash280673 ndash24586 ndash6257 ndash6386 ndash456388 ndash107956 ndash117962 ndash19186 ndash4937 ndash5118 19 Imports of goods and services ndash926939 ndash231327 ndash245201 ndash16984 ndash4029 ndash4172 ndash412037 ndash97308 ndash107348 ndash11847 ndash3050 ndash3216 20 Goods balance of payments basis 2 ndash818921 ndash202330 ndash216305 ndash10437 ndash2307 ndash2539 ndash400642 ndash94271 ndash104182 ndash4891 ndash1280 ndash1411 21 Services 3 ndash108018 ndash28997 ndash28896 ndash6546 ndash1722 ndash1633 ndash11395 ndash3036 ndash3166 ndash6955 ndash1770 ndash1806 22 Direct defense expenditures ndash9816 ndash2645 ndash2625 ndash171 ndash46 ndash63 ndash12 ndash3 ndash3 ndash28 ndash3 ndash2 23 Travel ndash17883 ndash5045 ndash4871 ndash1597 ndash441 ndash418 ndash2691 ndash813 ndash854 ndash1115 ndash289 ndash344 24 Passenger fares ndash10817 ndash3499 ndash2982 ndash951 ndash309 ndash192 ndash614 ndash180 ndash198 ndash1392 ndash408 ndash369 25 Other transportation ndash19243 ndash4710 ndash4902 ndash278 ndash69 ndash70 ndash3081 ndash768 ndash763 ndash2061 ndash508 ndash510 26 Royalties and license fees 5 ndash8635 ndash2659 ndash2684 ndash492 ndash123 ndash123 ndash186 ndash51 ndash50 ndash66 ndash20 ndash20 27 Other private services 5 ndash40688 ndash10246 ndash10641 ndash2997 ndash719 ndash753 ndash4757 ndash1211 ndash1286 ndash2252 ndash532 ndash550 28 US government miscellaneous services ndash936 ndash193 ndash192 ndash60 ndash15 ndash14 ndash54 ndash10 ndash12 ndash41 ndash10 ndash11 29 Income payments ndash140465 ndash35505 ndash35471 ndash7603 ndash2228 ndash2214 ndash44351 ndash10649 ndash10614 ndash7340 ndash1887 ndash1902 30 Income payments on foreign-owned assets in the United States ndash138498 ndash34879 ndash35042 ndash7534 ndash2211 ndash2198 ndash43905 ndash10486 ndash10525 ndash7317 ndash1879 ndash1897 31 Direct investment payments ndash23368 ndash6008 ndash6014 ndash3864 ndash1247 ndash1211 ndash172 ndash50 ndash122 ndash240 ndash81 ndash101 32 Other private payments ndash27471 ndash7437 ndash7757 ndash3145 ndash814 ndash835 ndash3930 ndash1137 ndash1229 ndash1562 ndash436 ndash448 33 US government payments ndash87659 ndash21434 ndash21271 ndash525 ndash150 ndash152 ndash39803 ndash9299 ndash9174 ndash5515 ndash1362 ndash1348 34 Compensation of employees ndash1966 ndash626 ndash429 ndash69 ndash17 ndash17 ndash447 ndash163 ndash89 ndash23 ndash8 ndash4 35 Unilateral current transfers net ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 36 US government grants 4 ndash15849 ndash3413 ndash4491 0 0 0 ndash46 ndash5 ndash5 0 0 0 37 US government pensions and other transfers ndash1182 ndash309 ndash317 ndash108 ndash29 ndash30 ndash12 ndash3 ndash3 ndash16 ndash4 ndash4 38 Private remittances and other transfers 6

Capital account ndash23825 ndash6261 ndash4897 ndash1494 ndash143 ndash5 ndash2916 ndash964 ndash593 ndash468 ndash123 ndash94

39 Capital account transactions net Financial account

ndash133 0 na 0 0 na 0 0 na 0 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) ndash163615 9670 ndash40015 ndash32996 ndash928 10070 ndash1342 ndash932 ndash1142 ndash13687 12961 ndash20268

41 US official reserve assets 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 933 ndash14 ndash14 46 US government assets other than official reserve assets ndash15051 ndash275 13313 ndash338 9 2 104 40 ndash2 ndash223 5 2 47 US credits and other long-term assets ndash1797 ndash930 ndash328 ndash340 0 0 0 0 0 ndash233 0 0 48 Repayments on US credits and other long-term assets 8 766 123 201 3 10 2 113 27 21 9 6 2 49 US foreign currency holdings and US short-term assets ndash14019 532 13440 () ndash1 () ndash9 13 ndash23 1 ndash1 () 50 US private assets ndash149497 9958 ndash53315 ndash32658 ndash937 10068 ndash1446 ndash973 ndash1140 ndash13464 12956 ndash20271 51 Direct investment ndash41439 ndash15963 ndash15740 ndash13684 ndash5427 ndash4156 1663 ndash2168 ndash1309 ndash4834 3459 ndash4802 52 Foreign securities 9139 ndash3568 29465 ndash1253 211 7702 ndash1171 3467 1226 8251 ndash3719 3589 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 2832 996 ndash6361 703 519 414 ndash91 ndash82 248 366 ndash407 ndash1330 54 US claims reported by US banks and securities brokers 14 ndash120029 28493 ndash60679 ndash18424 3760 6108 ndash1847 ndash2190 ndash1305 ndash17247 13623 ndash17728 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 270599 97594 62778 21992 ndash2427 5853 ndash31594 68961 26870 ndash7998 2568 ndash13652 56 Foreign official assets in the United States 78682 54430 9587 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 US government securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 Other 10 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 60 Other US government liabilities 11 6201 882 799 479 ndash36 375 0 0 0 0 0 0 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 Other foreign assets in the United States 191917 43164 53191 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 64 Direct investment 46176 7070 11264 17446 2116 ndash1192 576 ndash320 259 491 79 123 65 US Treasury securities ( 17) ( 17) ( 17) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 66 US securities other than US Treasury securities 13025 9360 147 ndash2046 ndash1242 ndash961 ndash1372 2974 ndash3746 ndash8032 498 ndash1779 67 US currency na na na na na na na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ndash192 55 148 1466 931 269 ndash327 544 ndash22 69 US liabilities reported by US banks and securities brokers 15 87809 ndash5547 56741 18 6305 18 ndash3320 18 7483 18 ndash32264 18 65376 18 30088 18 ndash130 18 1447 18 ndash11974 70 Financial derivatives net 1189 517 ndash251 ndash180 ndash1005 ndash2706 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda 287256 ndash14141 20 85206 ndash28599 ndash6489 20 ndash24203 347969 3522 20 58052 ndash12986 ndash23957 20 25393

72 Balance on goods (lines 3 and 20) ndash400805 ndash96953 ndash108773 17025 5159 5127 ndash295378 ndash67003 ndash77995 32796 8396 8875 73 Balance on services (lines 4 and 21) 60280 16871 13265 9821 2096 2570 15335 4577 2919 ndash862 ndash249 ndash321 74 Balance on goods and services (lines 2 and 19) ndash340526 ndash80082 ndash95507 26846 7255 7697 ndash280043 ndash62427 ndash75076 31933 8147 8554 75 Balance on income (lines 12 and 29) ndash13915 ndash3575 ndash2504 14540 3765 3324 ndash32016 ndash8153 ndash8103 3222 409 72 76 Unilateral current transfers net (line 35) ndash40856 ndash9983 ndash9705 ndash1602 ndash172 ndash35 ndash2974 ndash972 ndash601 ndash484 ndash127 ndash98 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash395296 ndash93640 ndash107717 39784 10849 10986 ndash315033 ndash71551 ndash83780 34672 8428 8527

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 89

Transactions by AreamdashContinues of dollars]

India Japan Korea Republic of Singapore Taiwan Other Asia and Pacific

Line 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p I r II p I r II p I r II p

38473 9870 10301 135847 35489 34599 70379 18851 17494 65136 16312 17598 42014 10642 11123 96471 23864 25612 1 32724 8196 8390 112133 30043 28695 61917 16842 15360 42035 10253 11017 37957 9527 9907 80045 19023 20415 2 21616 4892 5420 67204 17713 17768 45150 11959 11299 31373 7417 8018 27113 6282 6708 55247 12704 14180 3 11108 3304 2969 44929 12330 10927 16767 4883 4060 10661 2836 2999 10844 3244 3199 24798 6319 6235 4

39 31 15 346 78 93 153 38 47 174 42 80 369 106 138 9030 2242 2226 5 3079 658 1150 10141 3020 2158 3673 1184 915 629 119 195 1114 267 293 2777 540 887 6 1339 296 509 4614 1585 1032 124 21 33 6 5 3 2 1 () 350 27 125 7

351 97 81 3540 887 901 2127 483 540 798 215 225 1876 454 506 1248 319 331 8 676 175 183 10653 2513 2638 4532 1251 1321 3822 992 1041 5146 1686 1787 1817 493 516 9

5574 2035 1019 15445 4192 4064 6105 1893 1189 5196 1454 1446 2307 721 468 9494 2677 2132 10 50 13 12 189 55 41 52 13 14 37 10 9 30 9 7 82 21 19 11

5749 1674 1911 23714 5446 5904 8462 2009 2134 23101 6059 6581 4057 1115 1216 16426 4841 5197 12 5730 1669 1906 23635 5426 5884 8456 2007 2132 23074 6053 6574 4037 1110 1211 16242 4794 5149 13 3402 1018 1122 9948 1807 2030 4382 910 760 21223 5583 6072 1962 546 462 11934 3620 3757 14 2314 604 781 13621 3594 3821 4058 1096 1363 1851 470 502 2075 564 749 4049 1123 1300 15

14 47 3 67 25 33 16 2 9 0 0 0 0 0 0 259 52 92 16 19 5 5 79 20 20 6 2 2 27 7 7 20 5 5 185 47 47 17

ndash54951 ndash14456 ndash15188 ndash215400 ndash59554 ndash58560 ndash74037 ndash18587 ndash20705 ndash30999 ndash8162 ndash8031 ndash55557 ndash12474 ndash13799 ndash136300 ndash34448 ndash34925 18 ndash53259 ndash14003 ndash14769 ndash159286 ndash45430 ndash44371 ndash68479 ndash16940 ndash18992 ndash24603 ndash6470 ndash6390 ndash48605 ndash10802 ndash12146 ndash131840 ndash33296 ndash33797 19 ndash36338 ndash9532 ndash10415 ndash131836 ndash38178 ndash36813 ndash57454 ndash13926 ndash15897 ndash20081 ndash5239 ndash5138 ndash41526 ndash8870 ndash10234 ndash115717 ndash28727 ndash29677 20 ndash16921 ndash4471 ndash4355 ndash27450 ndash7251 ndash7558 ndash11025 ndash3014 ndash3095 ndash4522 ndash1231 ndash1252 ndash7079 ndash1933 ndash1912 ndash16123 ndash4569 ndash4120 21

ndash19 ndash2 ndash12 ndash2425 ndash696 ndash690 ndash2609 ndash729 ndash700 ndash57 ndash37 ndash15 ndash310 ndash77 ndash85 ndash4185 ndash1052 ndash1055 22 ndash2196 ndash553 ndash383 ndash3435 ndash794 ndash1001 ndash1677 ndash435 ndash548 ndash349 ndash120 ndash101 ndash1022 ndash321 ndash283 ndash3801 ndash1279 ndash939 23

ndash239 ndash80 ndash52 ndash1526 ndash467 ndash464 ndash2355 ndash740 ndash650 ndash289 ndash84 ndash70 ndash1695 ndash568 ndash505 ndash1756 ndash663 ndash482 24 ndash185 ndash54 ndash37 ndash6064 ndash1526 ndash1557 ndash3129 ndash719 ndash790 ndash897 ndash195 ndash227 ndash2751 ndash675 ndash735 ndash797 ndash196 ndash213 25 ndash153 ndash73 ndash75 ndash7475 ndash2313 ndash2336 ndash118 ndash39 ndash40 ndash51 ndash12 ndash12 ndash43 ndash11 ndash11 ndash52 ndash17 ndash16 26

ndash14104 ndash3702 ndash3789 ndash6272 ndash1431 ndash1485 ndash1098 ndash342 ndash358 ndash2856 ndash776 ndash821 ndash1251 ndash279 ndash291 ndash5099 ndash1255 ndash1308 27 ndash26 ndash7 ndash7 ndash252 ndash24 ndash25 ndash39 ndash10 ndash10 ndash22 ndash6 ndash6 ndash8 ndash2 ndash2 ndash432 ndash108 ndash107 28

ndash1692 ndash453 ndash418 ndash56114 ndash14125 ndash14190 ndash5557 ndash1647 ndash1712 ndash6396 ndash1693 ndash1640 ndash6953 ndash1672 ndash1653 ndash4459 ndash1152 ndash1128 29 ndash1096 ndash270 ndash283 ndash56014 ndash14091 ndash14166 ndash5360 ndash1574 ndash1673 ndash6381 ndash1688 ndash1637 ndash6880 ndash1645 ndash1638 ndash4012 ndash1034 ndash1026 30

ndash370 ndash112 ndash117 ndash15459 ndash3421 ndash3426 ndash1322 ndash590 ndash665 ndash1157 ndash331 ndash250 ndash692 ndash155 ndash129 ndash93 ndash20 6 31 ndash67 ndash13 ndash11 ndash11996 ndash3266 ndash3381 ndash857 ndash197 ndash201 ndash3777 ndash1001 ndash1049 ndash1325 ndash348 ndash365 ndash812 ndash225 ndash238 32

ndash659 ndash145 ndash155 ndash28559 ndash7404 ndash7359 ndash3181 ndash787 ndash807 ndash1447 ndash356 ndash338 ndash4863 ndash1142 ndash1144 ndash3107 ndash789 ndash794 33 ndash596 ndash183 ndash135 ndash100 ndash33 ndash24 ndash197 ndash73 ndash39 ndash15 ndash5 ndash3 ndash73 ndash27 ndash15 ndash448 ndash118 ndash102 34

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 35 ndash109 ndash21 ndash17 ndash104 ndash13 ndash12 ndash1 0 0 () 0 0 ndash5 () ndash1 ndash15583 ndash3374 ndash4456 36 ndash28 ndash7 ndash7 ndash329 ndash86 ndash88 ndash76 ndash20 ndash21 ndash8 ndash2 ndash2 ndash12 ndash3 ndash3 ndash593 ndash155 ndash159 37

ndash8440 ndash2353 ndash1979 ndash1712 ndash172 ndash170 ndash1109 ndash392 ndash248 ndash111 ndash24 ndash14 ndash255 ndash109 ndash56 ndash7319 ndash1981 ndash1736 38

0 0 na ndash54 0 na 0 0 na 0 0 na 0 0 na ndash79 0 na 39

ndash13288 ndash1805 ndash3387 ndash81550 18450 ndash32776 ndash10269 ndash3685 3296 ndash7396 ndash10497 3232 2399 1417 199 ndash5486 ndash5312 761 40 0 0 0 933 ndash14 ndash14 0 0 0 0 0 0 0 0 0 0 0 0 41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

43

44

933 ndash14 ndash14 45 ndash10 ndash630 6 ndash13990 526 13467 ndash91 28 24 ndash3 3 ndash1 3 ndash4 () ndash503 ndash252 ndash185 46 ndash43 ndash635 0 0 0 0 ndash130 0 0 0 0 0 0 0 0 ndash1050 ndash296 ndash328 47 37 3 7 0 0 0 78 20 26 0 0 0 0 0 0 526 57 143 48 ndash4 2 ndash1 ndash13990 526 13467 ndash38 8 ndash2 ndash3 3 ndash1 3 ndash4 () 21 ndash14 () 49

ndash13278 ndash1175 ndash3393 ndash68493 17938 ndash46229 ndash10178 ndash3713 3272 ndash7393 ndash10500 3233 2397 1421 199 ndash4983 ndash5060 946 50 ndash2455 ndash1540 ndash1116 ndash5062 ndash1878 1421 ndash4305 ndash629 ndash90 ndash7571 ndash4140 ndash3167 469 ndash146 ndash313 ndash5659 ndash3495 ndash2208 51 ndash3377 ndash384 ndash487 2637 254 ndash592 ndash2288 ndash3298 4778 3321 864 7546 2692 ndash527 ndash396 327 ndash436 6099 52

ndash703 39 ndash8 ndash794 1422 ndash7063 220 346 307 3060 ndash286 1112 14 ndash529 ndash69 57 ndash26 28 53 ndash6743 710 ndash1782 ndash65274 18140 ndash39995 ndash3805 ndash132 ndash1723 ndash6203 ndash6938 ndash2258 ndash778 2623 977 292 ndash1103 ndash2973 54

ndash5117 1453 5993 240731 4050 37857 11463 5465 7038 9375 ndash218 ndash797 111 9295 ndash1336 31637 8446 ndash5048 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 59 439 ndash24 248 ndash16 ndash111 7 ndash66 ndash116 ndash14 ndash19 ndash12 ndash26 1096 261 231 4288 920 ndash22 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 63 764 () 686 18598 2799 9826 3594 1639 915 2546 761 337 539 112 112 1623 ndash117 198 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65

ndash641 ndash224 ndash120 28265 4930 885 1586 1217 1153 ndash4788 ndash1485 2064 1385 999 2054 ndash1332 1693 597 66 na na na na na na na na na na na na na na na na na na 67

ndash162 43 ndash104 301 389 ndash419 251 ndash28 ndash63 ( 18) ( 18) ( 18) ndash10 44 59 ( 18) ( 18) ( 18) 68 18 ndash5517 18 1658 18 5283 18 193583 18 ndash3957 18 27558 18 6098 18 2753 18 5047 18 11636 18 518 18 ndash3172 18 ndash2899 18 7879 18 ndash3792 18 27058 18 5950 18 ndash5821 69

( 19) ( 19) ( 19) ndash7822 496 ndash49 ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) ( 19) 9191 1026 2504 70 43461 7318 20 4284 ndash69607 1340 20 19200 3651 ndash1632 20 ndash6854 ndash35996 2591 20 ndash11986 11305 ndash8768 20 3872 28060 11934 20 17447 71

ndash14722 ndash4640 ndash4994 ndash64632 ndash20465 ndash19045 ndash12304 ndash1967 ndash4598 11292 2178 2880 ndash14413 ndash2587 ndash3526 ndash60470 ndash16023 ndash15497 72 ndash5814 ndash1166 ndash1385 17479 5079 3369 5742 1868 965 6139 1605 1747 3764 1312 1287 8675 1750 2115 73

ndash20536 ndash5807 ndash6380 ndash47153 ndash15386 ndash15676 ndash6562 ndash98 ndash3633 17431 3783 4627 ndash10648 ndash1276 ndash2239 ndash51795 ndash14274 ndash13381 74 4057 1221 1493 ndash32400 ndash8679 ndash8285 2904 362 422 16706 4367 4941 ndash2895 ndash556 ndash436 11967 3690 4069 75

ndash8577 ndash2381 ndash2004 ndash2145 ndash271 ndash270 ndash1186 ndash412 ndash269 ndash120 ndash26 ndash16 ndash272 ndash113 ndash60 ndash23495 ndash5510 ndash6351 76 ndash25056 ndash6966 ndash6891 ndash81697 ndash24336 ndash24232 ndash4844 ndash148 ndash3480 34017 8124 9551 ndash13816 ndash1945 ndash2735 ndash63324 ndash16094 ndash15664 77

90 US International Transactions October 2012

Table 12 US International [Millions

Line (Credits + debits ndash) 1

Middle East Africa

2011 2012

2011 2012

I r II pI r II p

Current account 1 Exports of goods and services and income receipts 99843 26617 26982 57868 14189 14684 2 Exports of goods and services 82037 21951 22670 46669 11428 11925 3 Goods balance of payments basis 2 59397 16202 16800 33808 8052 8745 4 Services 3 22640 5749 5870 12860 3376 3180 5 Transfers under US military agency sales contracts 4 4181 981 870 602 196 138 6 Travel 3651 755 1034 1591 323 447 7 Passenger fares 530 97 162 645 149 170 8 Other transportation 2244 562 683 498 114 106 9 Royalties and license fees 5 1010 293 306 1192 275 287

10 Other private services 5 10942 3039 2794 8255 2300 2012 11 US government miscellaneous services 82 22 20 77 19 21 12 Income receipts 17806 4667 4312 11200 2760 2759 13 Income receipts on US-owned assets abroad 17625 4620 4266 11113 2737 2735 14 Direct investment receipts 15226 4016 3598 8520 2052 1888 15 Other private receipts 2261 575 631 2365 658 802 16 US government receipts 138 29 37 228 27 45 17 Compensation of employees 182 46 47 86 24 24 18 Imports of goods and services and income payments ndash133298 ndash34113 ndash40673 ndash103924 ndash19566 ndash21594 19 Imports of goods and services ndash124109 ndash31794 ndash38246 ndash102038 ndash19111 ndash21199 20 Goods balance of payments basis 2 ndash106531 ndash27874 ndash34059 ndash93323 ndash16991 ndash19017 21 Services 3 ndash17578 ndash3920 ndash4187 ndash8715 ndash2121 ndash2182 22 Direct defense expenditures ndash6256 ndash1131 ndash1100 ndash445 ndash95 ndash103 23 Travel ndash3009 ndash720 ndash940 ndash3422 ndash893 ndash887 24 Passenger fares ndash2336 ndash654 ndash672 ndash660 ndash179 ndash196 25 Other transportation ndash1565 ndash391 ndash396 ndash560 ndash128 ndash129 26 Royalties and license fees 5 ndash228 ndash57 ndash56 ndash66 ndash24 ndash25 27 Other private services 5 ndash3869 ndash893 ndash945 ndash2987 ndash652 ndash690 28 US government miscellaneous services ndash314 ndash74 ndash78 ndash576 ndash149 ndash152 29 Income payments ndash9189 ndash2319 ndash2427 ndash1886 ndash455 ndash395 30 Income payments on foreign-owned assets in the United States ndash9036 ndash2274 ndash2393 ndash1592 ndash380 ndash327 31 Direct investment payments ndash1 87 42 ndash512 ndash103 ndash41 32 Other private payments ndash5311 ndash1483 ndash1576 ndash398 ndash115 ndash124 33 US government payments ndash3724 ndash878 ndash859 ndash682 ndash162 ndash162 34 Compensation of employees ndash154 ndash45 ndash34 ndash294 ndash75 ndash68 35 Unilateral current transfers net ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 36 US government grants 4 ndash7644 ndash3235 ndash1231 ndash9807 ndash2017 ndash3178 37 US government pensions and other transfers ndash144 ndash36 ndash37 ndash40 ndash10 ndash10 38 Private remittances and other transfers 6

Capital account ndash3758 ndash856 ndash906 ndash7130 ndash1875 ndash1632

39 Capital account transactions net Financial account

0 0 na ndash1072 0 na

40 US-owned assets abroad excluding financial derivatives (increasefinancial outflow (ndash)) 4270 ndash8199 3129 1794 ndash2348 1124

41 US official reserve assets 0 0 0 0 0 0 42 Gold 7 0 0 0 0 0 0 43 Special drawing rights 44 Reserve position in the International Monetary Fund 45 Foreign currencies 46 US government assets other than official reserve assets ndash219 ndash44 ndash11 1020 ndash14 ndash12 47 US credits and other long-term assets ndash431 ndash85 ndash81 ndash345 ndash72 ndash64 48 Repayments on US credits and other long-term assets 8 202 47 66 1356 63 61 49 US foreign currency holdings and US short-term assets 10 ndash6 4 10 ndash4 ndash9 50 US private assets 4489 ndash8155 3140 774 ndash2335 1136 51 Direct investment ndash846 ndash3924 ndash3324 ndash5127 ndash1466 713 52 Foreign securities 2817 57 733 ndash1603 ndash402 760 53 US claims on unaffiliated foreigners reported by US nonbanking concerns 1302 ndash699 ndash58 ndash142 395 ndash92 54 US claims reported by US banks and securities brokers 14 1216 ndash3589 5789 7646 ndash862 ndash245 55 Foreign-owned assets in the United States excluding financial derivatives

(increasefinancial inflow (+)) 67973 ndash2975 14154 ndash11760 2355 958 56 Foreign official assets in the United States 52584 421 13528 ndash11843 ndash3308 3131 57 US government securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 58 US Treasury securities 9 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 59 Other 10 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 60 Other US government liabilities 11 3165 1723 2049 53 188 147 61 US liabilities reported by US banks and securities brokers ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 62 Other foreign official assets 12 ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 63 Other foreign assets in the United States 15389 ndash3396 626 83 5663 ndash2173 64 Direct investment 9098 602 ndash924 2060 63 160 65 US Treasury securities ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 66 US securities other than US Treasury securities 2263 609 1412 559 104 109 67 US currency na na na na na na 68 US liabilities to unaffiliated foreigners reported by US nonbanking concerns ( 17) ( 17) ( 17) ( 17) ( 17) ( 17) 69 US liabilities reported by US banks and securities brokers 15 7135 ndash4065 199 2661 3694 ndash2555 70 Financial derivatives net ( 19) ( 19) ( 19) 2603 332 ndash86 71 Statistical discrepancy (sum of above items with sign reversed) 16

Memoranda ndash27242 22796 20 ndash1419 71468 8941 20 9734

72 Balance on goods (lines 3 and 20) ndash47134 ndash11672 ndash17258 ndash59514 ndash8938 ndash10272 73 Balance on services (lines 4 and 21) 5062 1829 1682 4145 1255 998 74 Balance on goods and services (lines 2 and 19) ndash42072 ndash9843 ndash15576 ndash55369 ndash7683 ndash9274 75 Balance on income (lines 12 and 29) 8617 2348 1885 9313 2305 2364 76 Unilateral current transfers net (line 35) ndash11546 ndash4127 ndash2174 ndash16977 ndash3903 ndash4820 77 Balance on current account (lines 1 18 and 35 or lines 74 75 and 76) 13 ndash45001 ndash11622 ndash15864 ndash63033 ndash9280 ndash11730

See the footnotes on pages 92ndash93

October 2012 SURVEY OF CURRENT BUSINESS 91

Transactions by AreamdashTable Ends of dollars]

South Africa Other Africa International organizations and unallocated 22

Line 2011

2012 2011

2012 2011

2012

I r II p I r II p I r II p

12589 3062 3438 45279 11127 11246 58399 14756 15176 1 10108 2457 2550 36561 8972 9375 2503 622 608 2 7259 1826 1863 26550 6227 6882 0 0 0 3 2849 631 687 10011 2745 2493 2503 622 608 4

2 1 () 600 196 138 122 22 24 5 299 58 93 1292 265 354 0 0 0 6 247 54 76 398 95 94 0 0 0 7 134 24 22 364 90 84 60 24 6 8 821 184 192 372 91 95 4 3 3 9

1341 308 301 6914 1992 1711 2317 573 574 10 5 3 3 71 16 18 0 0 0 11

2481 605 887 8718 2155 1871 55896 14134 14569 12 2476 604 886 8638 2133 1849 51681 13066 13498 13

733 109 255 7787 1943 1633 22676 5643 5643 14 1732 495 626 633 163 176 28699 7394 7830 15

11 0 5 217 27 40 306 29 25 16 6 1 1 81 22 22 4215 1068 1071 17

ndash12317 ndash2727 ndash2972 ndash91607 ndash16839 ndash18621 ndash16764 ndash4398 ndash4505 18 ndash11447 ndash2546 ndash2777 ndash90591 ndash16566 ndash18421 ndash288 ndash145 ndash115 19

ndash9539 ndash2100 ndash2192 ndash83784 ndash14891 ndash16824 0 0 0 20 ndash1908 ndash446 ndash585 ndash6807 ndash1675 ndash1597 ndash288 ndash145 ndash115 21

ndash8 ndash3 ndash3 ndash437 ndash92 ndash100 0 0 0 22 ndash825 ndash167 ndash274 ndash2597 ndash726 ndash613 0 0 0 23 ndash163 ndash38 ndash57 ndash497 ndash141 ndash139 0 0 0 24 ndash96 (D) ndash22 ndash464 (D) ndash107 ndash227 ndash58 ndash29 25 ndash50 (D) ndash21 ndash16 (D) ndash4 ndash40 ndash83 ndash82 26

ndash704 ndash178 ndash193 ndash2282 ndash474 ndash498 ndash21 ndash4 ndash4 27 ndash62 ndash16 ndash16 ndash514 ndash134 ndash136 () 0 0 28

ndash871 ndash182 ndash195 ndash1016 ndash273 ndash200 ndash16476 ndash4253 ndash4390 29 ndash675 ndash142 ndash146 ndash917 ndash238 ndash181 ndash16476 ndash4253 ndash4390 30

(D) (D) (D) (D) (D) (D) ndash7051 ndash1756 ndash1763 31 ndash103 ndash27 ndash28 ndash295 ndash88 ndash96 ndash8396 ndash2287 ndash2422 32

(D) (D) (D) (D) (D) (D) ndash1029 ndash210 ndash205 33 ndash196 ndash40 ndash49 ndash98 ndash35 ndash19 0 0 0 34

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 35 ndash374 ndash89 ndash120 ndash9433 ndash1928 ndash3058 ndash9016 ndash1983 ndash1515 36

ndash8 ndash2 ndash2 ndash32 ndash8 ndash8 ndash3871 ndash576 ndash599 37 ndash714 ndash185 ndash180 ndash6416 ndash1690 ndash1452 ndash20973 ndash5174 ndash5485 38

0 0 na ndash1072 0 na 0 0 na 39

ndash1098 ndash1702 ndash134 2892 ndash646 1258 ndash37569 ndash7425 ndash7312 40 0 0 0 0 0 0 ndash16327 ndash1089 ndash3189 41 0 0 0 0 0 0 0 0 0 42

1752 ndash11 ndash10 43

ndash18079 ndash1078 ndash3179 44

45 ndash3 ndash1 ndash4 1023 ndash13 ndash8 ndash2019 ndash237 ndash1614 46 0 0 0 ndash345 ndash72 ndash64 ndash2183 ndash240 ndash1629 47 0 0 0 1356 63 61 32 2 15 48

ndash3 ndash1 ndash4 13 ndash3 ndash5 132 0 0 49 ndash1095 ndash1701 ndash130 1869 ndash634 1266 ndash19223 ndash6099 ndash2509 50

ndash722 74 ndash56 ndash4405 ndash1540 769 ndash22676 ndash5643 ndash5643 51 ndash1065 ndash1118 ndash164 ndash538 716 924 968 ndash1708 1240 52

43 ndash6 194 ndash185 401 ndash286 2 ndash2 5 53 649 ndash651 ndash104 6997 ndash211 ndash141 2483 1254 1889 54

74 591 438 ndash11834 1764 520 70832 22534 584 55 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 26 8 0 56 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 57 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 58 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 59

0 2 0 53 186 147 26 8 0 60 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 61 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 0 0 0 62 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 70806 22526 584 63 255 ndash5 73 1805 68 87 7051 1756 1763 64 ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) ( 18) 65 ndash44 126 ndash30 603 ndash22 139 ndash1966 ndash315 277 66 na na na na na na 54996 18057 7116 67 68 107 ndash7 ( 18) ( 18) ( 18) 29 4 2 68

18 ndash205 18 361 18 402 18 ndash14295 18 1532 18 147 18 10696 18 3024 18 ndash8574 69 ( 19) ( 19) ( 19) 2603 332 ndash86 ndash976 ndash280 ndash328 70

1848 1052 20 ndash467 69619 7889 20 10201 ndash40062 ndash17454 20 3984 71

ndash2280 ndash274 ndash329 ndash57235 ndash8664 ndash9943 0 0 0 72 941 185 102 3204 1070 896 2215 477 493 73

ndash1339 ndash89 ndash227 ndash54030 ndash7594 ndash9047 2215 477 493 74 1611 424 693 7703 1882 1671 39420 9881 10179 75

ndash1096 ndash277 ndash302 ndash15881 ndash3626 ndash4518 ndash33860 ndash7733 ndash7599 76 ndash824 58 163 ndash62209 ndash9338 ndash11893 7775 2625 3072 77

92 US International Transactions October 2012

Footnotes to US International Transactions Tables 1ndash12

General notes for all tables p Preliminary r Revised 0 Transactions are possible but are zero for a given period () Transactions are less than $500000(plusmn) D Suppressed to avoid disclosure of data of individual compashynies na Transactions are possible but data are not available Not applicable or for data periods 1960ndash1997 transactions that are 0 ldquonot availshyablerdquo or ldquonot applicablerdquo Quarterly estimates are not annualized and are expressed at quarterly rates

Table 1 1 Credits + Exports of goods and services and income receipts unilateral

current transfers to the United States capital account transactions receipts financial inflowsmdashincrease in foreign-owned assets (US liabilities) or decrease in US-owned assets (US claims)

Debits ndash Imports of goods and services and income payments unilateral current transfers to foreigners capital account transactions payments finanshycial outflowsmdashdecrease in foreign-owned assets (US liabilities) or increase in US-owned assets (US claims)

2 See table 2 footnotes for explanations of the various balance of payshyments adjustments made to convert goods on a Census-basis to goods on a balance of payments basis The adjustments are made to improve coverage eliminate duplication and align the goods data with national and international accounting guidelines

3 Includes some goods Mainly military equipment and supplies in lines 5 and 22 that are commingled in the source data and cannot be separately idenshytified Beginning with statistics for 1999 line 5 excludes equipment and supshyplies exported under the US Foreign Military Sales program that can be separately identified and line 22 excludes petroleum purchases abroad by US military agencies that can be separately identified

4 Includes transfers of goods and services under US military grant proshygrams

5 Beginning in 1982 these lines are presented on a gross basis The definishytion of exports is revised to exclude US parentsrsquo payments to foreign affiliates and to include US affiliatesrsquo receipts from foreign parents The definition of imports is revised to include US parentsrsquo payments to foreign affiliates and to exclude US affiliatesrsquo receipts from foreign parents

6 Beginning in 1982 the ldquoother transfersrdquo component includes taxes paid by US private residents to foreign governments and taxes paid by private nonresidents to the US Government

7 At the present time all US Treasury-owned gold is held in the United States

8 Includes sales of foreign obligations to foreigners 9 Consists of bills certificates marketable bonds and notes and nonmarshy

ketable convertible and nonconvertible bonds and notes 10 Consists of US Treasury and Export-Import Bank obligations not

included elsewhere and of debt securities of US Government corporations and agencies

11 Includes primarily US Government liabilities associated with milishytary agency sales contracts and other transactions arranged with or through foreign official agencies see table 6

12 Consists of investments in US corporate stocks and in debt securities of private corporations and state and local governments

13 Conceptually the sum of line 77 and line 39 is equal to ldquonet lending or net borrowingrdquo in the national income and product accounts (NIPAs) Howshyever the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold (b) includes adjustments for the different geographical treatment of transactions with US territories and Puerto Rico and (c) includes services furnished withshyout payment by financial pension plans except life insurance carriers and prishyvate noninsured pension plans A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSIshyNESS A reconciliation of the other foreign transactions in the two sets of accounts appears in table 43B of the full set of NIPA tables

14 Beginning with 2003 includes securities brokers claims on their forshyeign affiliates Prior to 2003 they are included in the claims of nonbanking concerns

15 Beginning with 2003 includes securities brokers liabilities to their forshyeign affiliates Prior to 2003 they are included in the liabilities of nonbanking concerns

16 Calculated excluding capital account transactions net (line 39) 17 Equals the sum of financial derivatives for the first second and third

quarters of the year Appears only with the preliminary release of annual stashytistics for a given year

Additional footnotes for historical data in July issues of the SURVEY 18 For 1974 includes extraordinary US Government transactions with

India See ldquoSpecial US Government Transactionsrdquo June 1974 SURVEY p 27

19 For 1978ndash83 includes foreign currency-denominated notes sold to prishyvate residents abroad

20 Break in series See Technical Notes in the June 1989ndash90 1992ndash95 and July 1996ndash2010 issues of the SURVEY

Table 2 1 Exports Census basis represent transactions values fas US port of

exportation imports Census basis represent Customs values Seasonally adjusted data reflect the application of seasonal factors developed jointly by BEA and the US Census Bureau (CENSUS)

2 Difference between transactions included in primary source data proshyvided to BEA by the US Department of Defense and transactions included in the Census trade data Negative values may result from timing differences for transactions recorded in the two data sets

3 Addition for low-value (below reporting threshold) transactions for 1999ndash2009 to phase in a revised low-value methodology that was impleshymented by CENSUS beginning with statistics for 2010

4 Addition of electric energy exports to Mexico deduction of exposed motion picture film for sale or rental net change in stock of US-owned grains in storage in Canada valuation of software exports at market value and coverage adjustments for special situations where certain exports are not included in the Census data

5 Addition of electric energy imports from Mexico deduction of exposed motion picture film for sale or rental deduction of the value of repairs of US vessels abroad and coverage adjustments for special situations where certain imports are not included in the Census data

6 Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 12 lines 3 and 20 Trade with international organizations includes purchases of nonmonetary gold from the Internashytional Monetary Fund transfers of tin to the International Tin Council and sales of satellites to Intelsat Members of OPEC include Algeria Angola (beginning with the first quarter of 2007) Ecuador (beginning with the fourth quarter of 2007) Indonesia (ending with the fourth quarter of 2008) Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates and Venezuela

7 Lines B24 B83 and B142 include CENSUSs reconciliation of disshycrepancies between the goods statistics published by the United States and the counterpart statistics published by Canada These adjustments are disshytributed to the affected end-use categories in section C Beginning in 1986 estimates for undocumented exports to Canada the largest item in the US-Canadian reconciliation are included in Census basis data shown in line A1

Table 3 1 Royalties and license fees and ldquoother private servicesrdquo by detailed type of

service include both affiliated and unaffiliated transactions 2 Includes royalties license fees and other fees associated with intangible

assets including patents trade secrets and other proprietary rights that are used in connection with the production of goods

3 Includes royalties license fees and other fees associated with copyrights trademarks franchises rights to broadcast live events software licensing fees distribution of film and television recordings and other intellectual property rights

4 Other services receipts (exports) include mainly expenditures of foreign residents working temporarily in the United States Payments (imports) include mainly expenditures of US residents temporarily working abroad

5 These reflect the amount of premiums explicitly charged by or paid to insurers and reinsurers

Table 4 1 Beginning with 2003 includes interest on securities brokersrsquo claims on

their foreign affiliates Prior to 2003 it is included in the interest on claims of nonbanking concerns

2 Beginning with 2003 gross interest receipts on US holdings of special drawing rights (SDRs) are included in US government receipts Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

3 Beginning with 2003 includes interest on securities brokersrsquo liabilities to their foreign affiliates Prior to 2003 it is included in the interest on liabilities of nonbanking concerns

4 Beginning in 2003 gross interest payments on US allocations of SDRs are included in US government payments Prior to 2003 interest receipts on US holdings of SDRs net of interest payments on US allocations of SDRs are included in US government receipts

Table 5 1 Complete instrument detail is only available beginning with 2003 2 Prior to 2003 includes only demand deposits and nonnegotiable time

and savings deposits

93 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 1 Expenditures to release foreign governments from their contractual liashy

bilities to pay for military goods and services purchased through military sales contractsmdashfirst authorized (for Israel) under Public Law 93ndash199 section 4 and subsequently authorized (for many recipients) under similar legislationmdashare included in line A4 Deliveries against these military sales contracts are included in line C10 see footnote 2 Of the line A4 items part of these military expendishytures is applied in lines A43 and A46 to reduce short-term assets previously recorded in lines A41 and C8 this application of funds is excluded from lines C3 and C4 A second part of line A4 expenditures finances future deliveries under military sales contracts for the recipient countries and is applied directly to lines A42 and C9 A third part of line A4 disbursed directly to finance purchases by recipient countries from commercial suppliers in the United States is included in line A37 A fourth part of line A4 representing dollars paid to the recipient countries to finance purchases from countries other than the United States is included in line A48

2 Transactions under military sales contracts are those in which the Department of Defense sells and transfers military goods and services to a forshyeign purchaser on a cash or credit basis Purchases by foreigners directly from commercial suppliers are not included as transactions under military sales contracts

3 The identification of transactions involving direct dollar outflows from the United States is made in reports by each operating agency

4 Line A38 includes foreign currency collected as interest and line A43 includes foreign currency collected as principal as recorded in lines A16 and A17 respectively

5 Includes (a) advance payments to the Department of Defense (on milishytary sales contracts) financed by loans extended to foreigners by US Governshyment agencies and (b) the contra-entry for the part of line C10 that was delivered without prepayment by the foreign purchaser Also includes expenshyditures of appropriations available to release foreign purchasers from liability to make repayment

6 Includes purchases of loans from US banks and exporters and payshyments by the US Government under commercial export credit and investshyment guarantee programs

7 Excludes liabilities associated with military sales contracts financed by US Government grants and credits and included in line C2

8 Excludes transactions of the US Enrichment Corporation since it became a non-government entity in July 1998

9 Beginning in the fourth quarter of 2007 includes drawings and repayshyments under temporary reciprocal currency arrangements between the US Federal Reserve System and foreign central banks that do not meet the strict definition of US reserve assets

10 Includes allocations of special drawing rights (SDRs) in the third quarshyter of 2009

Table 7 1 Interest on intercompany debt between financial parent companies and

their financial affiliates is excluded from direct investment income Prior to 2007 interest on the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment income

2 Intercompany debt investment between financial parent companies and their financial affiliates is excluded from direct investment financial flows Prior to 2007 the permanent debt investment of bank parent companies in their bank affiliates was included in direct investment financial flows

Table 8 1 Beginning with 2005 source data for new issue estimates are no longer

separately available New issues continue to be included in net purchases 2 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 9 1 Prior to 2003 securities brokersrsquo claims on and liabilities to their forshy

eign affiliates are included in the estimates They are excluded beginning in 2003

2 Complete instrument detail is only available beginning with 2003 3 Financial intermediariesrsquo accounts are shown under ldquoother claims

(liabilities)rdquo because the majority of these claims (liabilities) are in the form of intercompany balances Financial intermediariesrsquo accounts represent transshyactions between firms in a direct investment relationship (that is between US parents and their foreign affiliates or between US affiliates and their forshyeign parent groups) where both the US and foreign firms are classified in a

finance industry but the firms are neither banks nor securities brokers 4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 10 1 Beginning with 2003 includes securities brokersrsquo claims on their foreign

affiliates 2 Complete instrument detail is only available beginning with 2003 3 Includes foreign official agencies and international and regional organishy

zations Prior to 2003 also includes government-owned corporations and state provincial and local governments and their agencies

4 US-owned banks include US-chartered banks Edge Act subsidiaries and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

5 Commercial paper issued in the US market by foreign incorporated entities and held in US customersrsquo accounts Excludes commercial paper issued through foreign direct investment affiliates in the United States

6 Prior to 2003 includes negotiable certificates of deposit and other negoshytiable and transferable instruments

7 Prior to 2003 includes only deposits 8 Bahamas Bermuda British West Indies (Cayman Islands) and prior to

2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 11 1 Beginning with 2003 includes securities brokersrsquo liabilities to their forshy

eign affiliates 2 Complete instrument detail is only available beginning with 2003 3 US-owned banks include US-chartered banks Edge Act subsidiaries

and US bank holding companies Foreign-owned banks include US branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States Brokers and dealers may be US-owned or foreign-owned

4 Bahamas Bermuda British West Indies (Cayman Islands) and prior to 2011 Netherlands Antilles Beginning with 2011 also includes the islands of the former Netherlands Antilles

Table 12 For footnotes 1ndash15 see table 1 16 At the global level the statistical discrepancy represents net errors and

omissions in recorded transactions For individual countries and regions it may also reflect discrepancies that arise when transactions with one country or region are settled through transactions with another country or region

17 Details not shown separately see totals in lines 56 and 63 18 Details not shown separately are included in line 69 19 Estimates of financial derivatives for several countries are not available

separately Estimates for Luxembourg are included in Other Euro area Estishymates for Argentina Brazil Mexico and Venezuela are included in Other South and Central America Estimates for China Hong Kong India Korea Singapore and Taiwan are included in Other Asia and Pacific Estimates for South Africa are included in Other Africa In addition estimates for the Midshydle East are combined with estimates for Asia and Pacific and included in Other Asia and Pacific

20 Calculated excluding capital account transactions net (line 39) 21 Equals the sum of financial derivatives for the first second and third

quarters of the year 22 Includes as part of international and unallocated taxes withheld cur-

rent-cost adjustments associated with US and foreign direct investment and net US currency flows Before 1999 also includes the estimated US direct investment in foreign affiliates engaged in international shipping in operating oil and gas drilling equipment internationally and in petroleum trading Before 1996 also includes small transactions in business services that are not reported by country

NOTE Definitions for geographic areas are available on BEArsquos Web site at wwwbeagov Country data are based on information available from US reporting sources In some instances the statistics may not necessarily reflect the ultimate foreign transactor For instance US goods export statistics reflect country of reported destination in many cases the goods may be transshyshipped to third countries (especially true for the Netherlands and Germany) The geographic breakdown of securities transactions reflects the country with which transactions occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of US funds

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68 U.S. International Transactions October 2012 October/1012...· 3 8 15 68 U.S. International Transactions October 2012 . Table 1. U.S. International Transactions [Millions of dollars] - [PDF Document] (6)

73 October 2012 SURVEY OF CURRENT BUSINESS

Table 2 US Trade in GoodsmdashTable Ends [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

C Trade in goods by principal end-use category balance of payments basismdashContinues

82 Imports of goods balance of payments basis (Andash22) 2235819 515612 566031 580607 573569 558734 585562 542276 559344 562778 571421 582821 579899 83 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 84 Nonpetroleum products 1773529 412034 440609 459509 461377 447008 468878 430839 439978 448588 454124 463448 468549 85 Foods feeds and beverages 108242 25760 27746 26237 28499 28110 28088 25805 27188 27067 28181 28014 27558 86 Agricultural 84591 20731 21951 20052 21857 22609 22071 20143 21240 21082 22125 21904 21370 87 Coffee cocoa and sugar 11136 2720 2938 2648 2830 2800 2408 2507 2933 2769 2927 2559 2413 88 Green coffee 6908 1621 1807 1581 1899 1760 1511 1441 1795 1683 1989 1567 1515 89 Meat products and poultry 7740 1832 2080 1902 1926 2200 2351 1842 1977 1973 1947 2190 2226 90 Vegetables fruits nuts and preparations 23649 6630 6227 4963 5829 7003 6484 5642 5855 6010 6141 5972 6121 91 Wine beer and related products 8590 1981 2247 2146 2216 2095 2294 2176 2119 2110 2186 2268 2177 92 Other agricultural foods feeds and beverages 33476 7568 8459 8394 9055 8511 8533 7976 8355 8220 8924 8914 8434 93 Nonagricultural (fish distilled beverages etc) 23651 5029 5795 6184 6642 5500 6017 5662 5948 5985 6056 6110 6188 94 Fish and shellfish 16597 3530 4011 4476 4580 3881 4217 3963 4168 4217 4249 4286 4395 95 Whiskey and other alcoholic beverages 6308 1314 1585 1540 1870 1403 1637 1511 1580 1600 1617 1607 1629 96 Industrial supplies and materials 782120 179577 208699 204576 189268 190656 198798 187994 200494 196574 197058 198977 191139 97 Agricultural 14241 3353 3741 3527 3620 4052 4244 3259 3616 3659 3707 3901 4093 98 Nonagricultural products 767879 176225 204958 201049 185648 186604 194554 184735 196878 192915 193351 195075 187046 99 Energy products 488378 110352 131653 127881 118492 116478 121100 117734 125897 121031 123715 123825 115955

100 Petroleum and products 462290 103578 125423 121097 112192 111726 116684 111436 119366 114190 117298 119373 111350 101 Natural gas 15293 4689 3636 3712 3256 2829 2158 4248 3905 3845 3296 2561 2320 102 Paper and paper base stocks 12588 3045 3207 3334 3002 2886 2895 3137 3220 3214 3017 2958 2910 103 Textile supplies and related materials 13420 3089 3548 3484 3299 3344 3715 3232 3403 3395 3390 3468 3564 104 Chemicals excluding medicinals 75374 18367 19575 19169 18263 19043 19493 17460 18863 19698 19353 18191 18866 105 Building materials except metals 19879 4536 5206 5359 4778 4883 5795 4942 4873 5018 5046 5261 5447 106 Other nonmetals 29219 6712 7422 7757 7329 7228 7980 7136 7256 7383 7445 7610 7808 107 Metals and nonmetallic products 129020 30123 34347 34065 30485 32742 33576 31094 33366 33175 31385 33763 32496 108 Steelmaking materials 9050 2144 2488 2418 2000 2575 2213 2369 2323 2214 2144 2884 2046 109 Iron and steel products 37273 8165 10328 9764 9015 10357 10933 8554 9930 9423 9366 10824 10460 110 Nonferrous metals 61184 15111 15824 15955 14294 14278 14356 15226 15628 15820 14510 14302 14163 111 Nonmonetary gold 16391 3806 4053 4278 4254 3910 4361 3806 4053 4278 4254 3910 4361 112 Other precious metals 15678 3972 4064 4041 3601 3517 3003 4056 4078 3953 3590 3526 3011 113 Bauxite and aluminum 11579 2688 2989 3147 2754 2927 2966 2707 2785 3116 2972 2939 2767 114 Other nonferrous metals 17537 4645 4718 4489 3685 3924 4026 4657 4713 4473 3693 3927 4024 115 Other metals and nonmetallic products 21513 4704 5707 5927 5176 5532 6074 4945 5484 5719 5365 5752 5826 116 Capital goods except automotive 513368 116979 128626 132280 135484 132112 140910 123222 127620 129474 133053 137656 139854 117 Machinery and equipment except consumer-type 473137 107833 118972 122649 123683 121873 129709 113981 118036 119892 121228 127381 128719 118 Electric generating machinery electric apparatus and parts 59464 13657 14970 15627 15210 15250 16664 14545 14864 14854 15201 16081 16530 119 Oil drilling mining and construction machinery 21829 4653 5572 5790 5815 6824 7482 4691 5473 5731 5933 6848 7371 120 Industrial engines pumps and compressors 21406 5112 5206 5589 5500 5887 6389 5081 5119 5537 5669 5782 6304 121 Machine tools and metalworking machinery 9744 1894 2323 2508 3019 2774 2954 2035 2326 2485 2898 2943 2951 122 Measuring testing and control instruments 17527 4063 4346 4630 4488 4433 4666 4224 4375 4523 4406 4555 4707 123 Other industrial agricultural and service industry machinery 94073 21983 23660 24097 24333 24786 26619 22536 23040 23975 24523 25138 25986 124 Computers peripherals and parts 119710 26133 30498 31186 31892 29301 31436 28539 30366 30452 30354 31631 31261 125 Semiconductors 40411 9578 10045 10304 10484 10741 9853 9931 10074 10094 10312 11050 9858 126 Telecommunications equipment 48494 11410 12229 12523 12332 11755 13194 12528 12268 12053 11645 12785 13271 127 Other office and business machines 4593 1043 1146 1190 1213 1068 1237 1145 1119 1140 1189 1156 1212 128 Scientific hospital and medical equipment and parts 35886 8306 8978 9205 9397 9055 9215 8725 9012 9049 9100 9413 9267 129 Civilian aircraft engines and parts 35548 8326 8555 8354 10313 8977 9683 8421 8485 8305 10337 9011 9617 130 Civilian aircraft complete all types 9892 2416 2115 1808 3553 2048 2341 2416 2115 1808 3553 2048 2340 131 Other transportation equipment 4683 820 1099 1277 1488 1263 1518 820 1099 1277 1488 1263 1518 132 Automotive vehicles parts and engines 255222 61791 58754 64585 70092 72494 74922 62945 58211 66326 67740 73526 74661 133 From Canada 56541 13990 14091 13084 15376 15749 16687 13801 13428 14128 15183 15491 15964 134 Passenger cars new and used 38453 9490 9514 8685 10763 10805 11619 9430 9054 9413 10555 10683 11102 135 Trucks buses and special purpose vehicles 2096 398 436 504 757 538 568 458 462 541 635 625 596 136 Engines and engine parts 3515 942 929 828 816 944 1017 895 863 925 832 889 947 137 Other parts and accessories 12477 3160 3211 3067 3040 3462 3483 3018 3050 3248 3161 3295 3320 138 From other areas 198681 47802 44663 51501 54716 56745 58235 49144 44782 52198 52557 58035 58697 139 Passenger cars new and used 84137 20683 16715 22201 24538 24160 24385 21961 17277 22669 22230 25694 25194 140 Trucks buses and special purpose vehicles 18142 4053 4541 4782 4767 4959 4975 4176 4448 5078 4441 5128 4919 141 Engines and engine parts 20884 4948 5072 5315 5549 5957 6074 4904 4998 5319 5663 5817 6016 142 Other parts and accessories 75518 18117 18335 19203 19862 21669 22801 18102 18059 19133 20224 21395 22567

143 Consumer goods (nonfood) except automotive 517394 117755 126831 137971 134837 119060 126166 128201 130435 128534 130223 128055 130000 144 Nondurable goods 243930 56402 60191 67581 59756 57503 59149 59672 62097 61278 60883 60174 61175 145 Apparel footwear and household goods 125735 28108 30205 37621 29801 29316 29924 30551 32234 32053 30897 31549 32079 146 Medicinal dental and pharmaceutical products 91750 22207 23190 22983 23370 21886 22152 22616 23215 22565 23355 21977 22157 147 Other nondurable goods 26445 6087 6796 6977 6584 6301 7073 6505 6649 6659 6631 6648 6939 148 Durable goods 273464 61354 66639 70390 75081 61557 67017 68529 68337 67257 69341 67881 68825 149 Televisions video receivers and other video equipment 33514 7322 8062 8332 9798 6939 8028 8947 8540 8053 7974 8367 8546 150 Radio and stereo equipment including records tapes and disks 9818 2047 2138 2585 3048 2253 2306 2530 2432 2398 2458 2754 2621 151 Toys and sporting goods including bicycles 35577 7481 7495 10007 10595 7820 7863 9089 8743 8910 8836 9350 9152 152 Household and kitchen appliances and other household goods 136399 31154 34019 34409 36817 31134 34183 33717 33631 32875 36176 33157 33816 153 Household furnishings and related products 23669 5628 6215 5949 5877 6132 6780 5814 5892 5884 6080 6247 6431 154 Household and kitchen appliances 20972 4763 5878 5311 5020 5022 6387 5106 5183 5302 5381 5324 5648 155 Other household goods including cell phones 91758 20763 21926 23148 25920 19980 21015 22798 22556 21689 24715 21586 21737 156 Gems jewelry and collectibles 23675 5299 5644 6052 6681 5429 5572 5656 6102 6097 5819 5782 6054 157 Other durable goods 34481 8051 9282 9005 8143 7981 9065 8590 8889 8923 8078 8471 8636 158 Imports nec and US goods returned 59474 13749 15377 14958 15390 16302 16679 14108 15398 14803 15165 16594 16687 159 US goods returned 41619 9417 10905 10360 10937 11821 12100 9776 10926 10206 10713 12114 12109 160 Other products including balance of payments adjustments not included

above (minimum value shipments and miscellaneous imports) 17854 4332 4472 4597 4453 4480 4578 4332 4472 4597 4453 4480 4578

See the footnotes on pages 92ndash93

74 US International Transactions October 2012

Table 3 Private Services Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Exports of private services 586839 140041 144187 156346 146265 148140 149718 143455 147028 150217 146137 150759 152382

2 Travel (table 1 line 6) 116115 23656 30033 35289 27137 27179 32301 27407 29260 30194 29254 30900 31264 3 Passenger fares (table 1 line 7) 36631 7870 8778 10843 9139 9204 9577 8374 9080 9889 9287 9734 9776 4 Other transportation (table 1 line 8) 43064 10308 10821 11025 10910 10699 11044 10520 10760 10956 10827 10863 10931 5 Freight 21730 5062 5517 5572 5579 5276 5613 5225 5453 5537 5514 5388 5492 6 Port services 21334 5246 5304 5453 5331 5423 5431 5295 5307 5419 5313 5475 5439

7 Royalties and license fees (table 1 line 9) By type 1

120836 28719 30410 30207 31500 29675 30991 29405 30343 31055 30033 30429 30935

8 Industrial processes 2 43952 10977 10730 11069 11175 11026 11393 10977 10730 11069 11175 11026 11393 9 Other 3

By affiliation 76884 17742 19680 19137 20325 18649 19598 18427 19613 19986 18858 19403 19542

10 US parentsrsquo receipts from their foreign affiliates 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 11 US affiliatesrsquo receipts from their foreign parent groups 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362 12 US receipts from unaffiliated foreigners 43757 10584 10809 10746 11617 11122 11804 10878 10662 11603 10614 11475 11674

13 Other private services (table 1 line 10) By type 1

270193 69487 64145 68982 67578 71382 65805 67749 67585 68123 66736 68833 69476

14 Education 22726 9345 2756 6388 4236 9930 2927 5543 5636 5732 5815 5892 5988 15 Financial services 74055 18490 18877 19012 17676 17712 17725 18490 18877 19012 17676 17712 17725 16 Insurance services 15477 3795 3771 3895 4017 3895 3943 3795 3771 3895 4017 3895 3943 17 Telecommunications 12650 3057 3138 3306 3149 3297 3324 3057 3138 3306 3149 3297 3324 18 Business professional and technical services 134416 32142 32903 33620 35751 33848 35165 34206 33462 33418 33330 35336 35775 19 Other services 4

By affiliation 10870 2658 2701 2761 2750 2700 2721 2658 2701 2761 2750 2700 2721

20 US parentsrsquo receipts from their foreign affiliates 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 21 US affiliatesrsquo receipts from their foreign parent groups 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531 22 US receipts from unaffiliated foreigners 181770 48241 42281 47247 44002 49292 42993 45688 45350 46052 44680 45928 46227

23 Imports of private services 393065 89942 100367 104120 98635 96027 105608 94984 97522 100767 99791 101605 102494 24 Travel (table 1 line 23) 78651 16469 22193 22808 17181 18430 24034 19257 19628 19895 19871 21228 21387 25 Passenger fares (table 1 line 24) 31109 7204 8241 8229 7435 8263 9446 7542 7698 7946 7923 8936 8821 26 Other transportation (table 1 line 25) 54711 13110 13634 14148 13819 13337 13837 13439 13736 13767 13769 13716 13842 27 Freight 40337 9676 10089 10445 10127 9952 10371 9909 10214 10180 10034 10237 10398 28 Port services 14374 3434 3545 3703 3692 3385 3466 3530 3522 3587 3735 3479 3444

29 Royalties and license fees (table 1 line 26) By type 1

36620 8941 8451 9274 9955 9856 9955 8921 8543 9503 9652 9859 10040

30 Industrial processes 2 22633 5211 5166 5958 6298 6134 6402 5232 5175 6073 6153 6178 6404 31 Other 3

By affiliation 13987 3729 3285 3316 3657 3722 3553 3689 3369 3430 3499 3682 3636

32 US parentsrsquo payments to their foreign affiliates 6962 1543 1625 1875 1919 1867 1945 1543 1625 1875 1919 1867 1945 33 US affiliatesrsquo payments to their foreign parent groups 19253 5032 4398 4596 5227 5220 5287 5088 4437 4834 4894 5294 5327 34 US payments to unaffiliated foreigners 10405 2365 2428 2803 2809 2769 2722 2290 2482 2794 2840 2698 2767

35 Other private services (table 1 line 27) By type 1

191973 44219 47848 49661 50246 46140 48336 45825 47916 49656 48576 47866 48404

36 Education 5888 1113 1495 1980 1300 1171 1576 1451 1463 1475 1498 1525 1543 37 Financial services 16207 4083 4212 3906 4006 3915 3973 4083 4212 3906 4006 3915 3973 38 Insurance services 56619 13495 14161 14869 14094 13203 13311 13495 14161 14869 14094 13203 13311 39 Telecommunications 7690 1973 1871 1976 1870 1806 1812 1973 1871 1976 1870 1806 1812 40 Business professional and technical services 104773 23355 25909 26729 28780 25843 27461 24623 26009 27229 26912 27214 27561 41 Other services 4

By affiliation 797 199 201 201 196 204 205 199 201 201 196 204 205

42 US parentsrsquo payments to their foreign affiliates 57245 12590 13993 14874 15789 13842 15217 13495 13874 15063 14814 14807 15091 43 US affiliatesrsquo payments to their foreign parent groups 24910 5564 6149 6184 7013 6528 6629 5774 6344 6301 6491 6779 6828 44 US payments to unaffiliated foreigners

Supplemental detail on insurance transactions

109818 26065 27707 28603 27443 25771 26490 26556 27698 28292 27271 26280 26485

45 Premiums received 5 26571 6577 6438 6662 6895 6754 6879 6577 6438 6662 6895 6754 6879 46 Actual losses paid 22043 8870 4427 4401 4345 4268 4182 8870 4427 4401 4345 4268 4182

47 Premiums paid 5 92552 21284 22845 24854 23568 22288 22844 21284 22845 24854 23568 22288 22844 48 Actual losses recovered

Memoranda

60443 14462 15095 15459 15427 15042 14369 14462 15095 15459 15427 15042 14369

49 Balance on goods (table 1 line 72) ndash738413 ndash159451 ndash190477 ndash202153 ndash186332 ndash173012 ndash189344 ndash181358 ndash187184 ndash180617 ndash189254 ndash194298 ndash185790 50 Balance on private services (line 1 minus line 23) 193774 50098 43820 52226 47629 52113 44110 48471 49506 49450 46346 49154 49889 51 Balance on goods and private services (lines 49 and 50) ndash544639 ndash109353 ndash146657 ndash149927 ndash138703 ndash120899 ndash145234 ndash132887 ndash137678 ndash131167 ndash142908 ndash145144 ndash135901

See the footnotes on pages 92ndash93

75 October 2012 SURVEY OF CURRENT BUSINESS

Table 4 Investment Income [Millions of dollars]

Line 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

1 Income receipts on US-owned assets abroad (table 1 line 13) 738810 178425 191461 187182 181742 182429 187741 179328 188047 185994 185441 183230 184595

2 Direct investment receipts (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 3 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 4 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942

5 Other private receipts (table 1 line 15) 256649 60262 64123 66361 65903 66146 69803 60262 64123 66361 65903 66146 69803

6 Income on foreign securities 217968 50866 54343 57039 55721 56615 61114 50866 54343 57039 55721 56615 61114 7 Dividends 137315 31141 34338 36522 35315 36670 41254 31141 34338 36522 35315 36670 41254 8 Interest 80653 19725 20005 20517 20406 19945 19861 19725 20005 20517 20406 19945 19861

9 Interest on claims reported by banks and securities brokers 1 23922 5881 6123 5643 6276 5906 5207 5881 6123 5643 6276 5906 5207 10 For own claims 20941 5038 5411 4966 5526 5276 4665 5038 5411 4966 5526 5276 4665 11 For customersrsquo claims 2981 843 712 677 750 630 543 843 712 677 750 630 543

12 Interest on claims reported by nonbanking concerns 14760 3515 3658 3680 3907 3625 3481 3515 3658 3680 3907 3625 3481

13 US government receipts (table 1 line 16) 2 1923 379 502 524 518 624 499 445 506 527 444 763 499

14 Income payments on foreign-owned assets in the United States (table 1 line 30) 503796 122119 131175 127193 123310 130262 128398 124863 129835 125508 123590 133885 127173

15 Direct investment payments (table 1 line 31) 158559 37147 45195 39946 36272 41962 39144 39891 43855 38261 36552 45585 37919 16 Earnings 132889 31715 38625 33092 29457 35678 32479 33922 37236 31448 30283 38556 31221 17 Interest 25670 5432 6569 6854 6815 6284 6665 5970 6619 6813 6268 7029 6698

18 Other private payments (table 1 line 32) 212506 51501 53193 54157 53655 55396 56528 51501 53193 54157 53655 55396 56528

19 Income on US corporate securities 191403 46501 47969 49082 47851 49620 51088 46501 47969 49082 47851 49620 51088 20 Dividends 73272 17615 18297 19122 18239 20551 21994 17615 18297 19122 18239 20551 21994 21 Interest 118131 28886 29672 29961 29613 29069 29095 28886 29672 29961 29613 29069 29095

22 Interest on liabilities reported by banks and securities brokers 3 13845 3343 3421 3294 3788 3742 3488 3343 3421 3294 3788 3742 3488 23 For own liabilities 8873 2111 2116 2109 2537 2453 2298 2111 2116 2109 2537 2453 2298 24 For customersrsquo liabilities 4973 1232 1305 1185 1251 1288 1190 1232 1305 1185 1251 1288 1190

25 Interest on liabilities reported by nonbanking concerns 7258 1657 1804 1781 2016 2035 1952 1657 1804 1781 2016 2035 1952

26 US government payments (table 1 line 33) 4

Memorandum

132731 33471 32787 33090 33383 32904 32726 33471 32787 33090 33383 32904 32726

27 Balance on investment income (line 1 minus line 14) 235013 56306 60286 59989 58432 52167 59343 54465 58212 60486 61851 49345 57422

See the footnotes on pages 92ndash93

76 US International Transactions October 2012

Table 5 US Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars]

Line (Credits + decrease in US assets or increase in foreign assets Debits ndash increase in US assets or decrease in foreign assets) 2011

Not seasonally adjusted Amounts

outstanding June 30

2012

2011 2012

I II III IV I r II p

A1 US official reserve assets net (table 1 line 41) ndash15877 ndash3619 ndash6267 ndash4079 ndash1912 ndash1233 ndash3289 556620 2 Gold (table 1 line 42) 0 0 0 0 0 0 0 418006 3 Special drawing rights (table 1 line 43) 1752 1961 ndash159 ndash27 ndash23 ndash11 ndash10 54341 4 Reserve position in the International Monetary Fund (table 1 line 44) ndash18079 ndash6428 ndash5974 ndash3909 ndash1768 ndash1078 ndash3179 33930 5 Foreign currencies (table 1 line 45) 450 848 ndash134 ndash143 ndash121 ndash144 ndash100 50343

B1 Foreign official assets in the United States net (table 1 line 56) By instrument

211826 72974 121822 19889 ndash2859 69711 83010 5446436

2 US Treasury securities (table 1 line 58) 171179 56274 104363 28115 ndash17573 85068 84870 3820294 3 Bills and certificates ndash103432 ndash44574 ndash5335 ndash25726 ndash27797 ndash724 7606 366603 4 Bonds and notes marketable 274493 100820 109668 53811 10194 85762 77233 3452104 5 Bonds and notes nonmarketable 118 28 30 30 30 30 31 1587 6 Other US government securities (table 1 line 59) ndash12444 11445 ndash7179 ndash16866 156 363 ndash14145 609996 7 Other US government liabilities (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 124248 8 US liabilities reported by US banks and securities brokers (table 1 line 61) 30010 ndash3090 15764 5121 12215 ndash19305 5982 196406 9 Liabilities for own accounts 1 42762 628 12578 8708 20848 ndash19636 9591 185597

10 Repurchase agreements 41101 7350 4198 12123 17430 ndash3161 892 127866 11 Deposits and brokerage balances 2 5151 ndash1073 7768 ndash4856 3312 ndash10349 6565 51909 12 Other liabilities ndash3490 ndash5649 612 1441 106 ndash6126 2134 5822 13 Liabilities for customersrsquo accounts 1 ndash12752 ndash3718 3186 ndash3587 ndash8633 331 ndash3609 10809 14 Negotiable certificates of deposit and other short-term instruments ndash12751 ndash3718 3187 ndash3587 ndash8633 331 ndash3609 10776 15 Other liabilities ndash1 () ndash1 () () () () 33 16 Other foreign official assets (table 1 line 62)

By area

14018 5631 6638 1232 517 752 3621 695492

17 Europe 38811 23443 21041 37333 ndash43006 10712 33045 788398 18 Canada 3872 ndash212 3777 ndash2001 2308 ndash535 ndash695 25243 19 Latin America and Caribbean 49694 26680 18074 ndash810 5750 7983 24414 458633 20 Asia 127278 29076 72931 ndash12181 37452 53413 22047 4037369 21 Africa ndash11843 ndash2296 1148 ndash7060 ndash3635 ndash3308 3131 44750 22 Other 4014 ndash3717 4851 4608 ndash1728 1446 1068 92043

See the footnotes on pages 92ndash93

77 October 2012 SURVEY OF CURRENT BUSINESS

Table 6 Selected US Government Transactions [Millions of dollars]

Line 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 US government grants and transactions increasing government assets total

By category

155507 12321 16931 13426 112830 ndash38814 ndash4439

2 Grants net 48508 11165 14315 11476 11552 11911 11657 3 US government current grants net (table 1 line 36 with sign reversed) 47350 11136 13486 11176 11551 11910 11657 4 Financing military purchases 1 17043 3835 6302 3166 3741 5304 4266 5 Other grants 30307 7302 7184 8010 7811 6605 7392 6 Cash contributions received from coalition partners for Persian Gulf operations 7 Debt forgiveness (table 1 part of line 39 with sign reversed) 1158 29 829 300 1 1 0

8 Credits and other long-term assets (table 1 line 47 with sign reversed) 7307 1307 2337 1396 2267 2631 2393 9 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753

10 Credits repayable in US dollars 4742 738 877 970 2158 2267 640 11 Credits repayable in other than US dollars 0 0 0 0 0 0 0 12 Other long-term assets 0 0 0 0 0 0 0

13 Foreign currency holdings and short-term assets net (table 1 line 49 with sign reversed) 99692 ndash150 279 553 99010 ndash53356 ndash18489 14 Foreign currency holdings (excluding administrative cash holdings) net

Receipts from 0 0 0 0 0 0 0

15 Sales of agricultural commodities 0 0 0 0 0 0 0 16 Interest 0 0 0 0 0 0 0 17 Repayments of principal 0 0 0 0 0 0 0 18 Reverse grants 0 0 0 0 0 0 0 19 Other sources

Less currencies disbursed for 0 0 0 0 0 0 0

20 Grants and credits in the recipientrsquos currency 0 0 0 0 0 0 0 21 Other grants and credits 0 0 0 0 0 0 0 22 Other US government expenditures 0 0 0 0 0 0 0 23 Assets acquired in performance of US government guarantee and insurance obligations net ndash113 ndash112 ndash12 7 4 2 2 24 Other assets held under Commodity Credit Corporation Charter Act net 0 0 0 0 0 0 0 25 Assets financing military sales contracts net 2 0 0 0 0 0 0 0 26 Other short-term assets (including changes in administrative cash holdings) net 9

By program

99806 ndash39 291 546 99007 ndash53358 ndash18491

27 Capital subscriptions and contributions to international financial institutions excluding IMF 2565 569 1460 426 109 364 1753 28 Under Agricultural Trade Development and Assistance Act and related programs 1785 452 444 444 445 443 445 29 Under Foreign Assistance Act and related programs 44105 10363 12642 10445 10655 11122 10490 30 Under Export-Import Bank Act 4733 418 1612 704 1998 2193 507 31 Under Commodity Credit Corporation Charter Act 63 50 1 8 4 2 2 32 Under other grant and credit programs 2451 508 480 852 612 420 855 33 Other foreign currency assets acquired (lines A16 A17 and A19) 0 0 0 0 0 0 0 34 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 35 Other (including changes in administrative cash holdings) net 9

By disposition 3

99806 ndash39 291 546 99007 ndash53358 ndash18491

36 Estimated transactions involving no direct dollar outflow from the United States 39588 8587 12036 8695 10270 11313 8804 37 Expenditures on US goods 10582 1708 3370 2104 3400 3303 3074 38 Expenditures on US services 4 11865 2860 2837 3050 3118 2697 2754 39 Financing of military sales contracts by US government 5 (line C6) 15740 3834 5003 3161 3741 5303 2966 40 By long-term credits 0 0 0 0 0 0 0 41 By short-term credits 1 0 0 0 0 0 0 0 42 By grants 1 15740 3834 5003 3161 3741 5303 2966 43 US government grants and credits to repay prior US government credits 1 4 1475 265 831 371 7 8 8 44 US government long- and short-term credits to repay prior US private credits 6 and other assets ndash59 ndash79 6 11 4 2 2 45 Increase in liabilities associated with US government grants and transactions increasing government assets

(including changes in retained accounts) 7 (line C11) 0 0 0 0 0 0 0 46 Less receipts on short-term US government assets (a) financing military sales contracts 1 (b) financing

repayment of private credits and other assets and (c) financing expenditures on US goods 14 2 11 1 0 0 0 47 Less foreign currencies used by US government other than for grants or credits (line A22) 0 0 0 0 0 0 0 48 Estimated dollar payments to foreign countries and international financial institutions 9 115919 3735 4895 4730 102560 ndash50127 ndash13243

B1 Repayments on US government long-term assets total (table 1 line 48) 3333 610 1259 812 653 352 630 2 Receipts of principal on US government credits 3333 610 1259 812 653 352 630 3 Under Agricultural Trade Development and Assistance Act and related programs 403 76 48 113 165 63 92 4 Under Foreign Assistance Act and related programs 1289 406 160 562 162 128 156 5 Under Export-Import Bank Act 1608 119 1043 125 321 143 374 6 Under Commodity Credit Corporation Charter Act 33 8 8 12 5 18 8 7 Under other credit programs 0 0 0 0 0 0 0 8 Receipts on other long-term assets 0 0 0 0 0 0 0

C1 US government liabilities other than securities total net increase (+) (table 1 line 60) 9063 2714 2236 2287 1826 2833 2682 2 Associated with military sales contracts 2 9063 2714 2236 2287 1826 2833 2682 3 US government cash receipts from foreign governments (including principal repayments on credits financing

military sales contracts) net of refunds 1 20568 5499 4188 6357 4524 5126 5927 4 Less US government receipts from principal repayments 64 21 3 37 3 20 3 5 Less US Treasury securities issued in connection with prepayments for military purchases in the United States ndash300 ndash200 ndash100 0 0 600 0 6 Plus financing of military sales contracts by US government 5 (line A39) 15740 3834 5003 3161 3741 5303 2966 7 By long-term credits 0 0 0 0 0 0 0 8 By short-term credits 1 0 0 0 0 0 0 0 9 By grants 1 15740 3834 5003 3161 3741 5303 2966

10 Less transfers of goods and services (including transfers financed by grants for military purchases and by credits) 1 2 (table 1 line 5 and part of table 1 line 3) 27480 6799 7053 7193 6436 6975 6207

11 Associated with US government grants and transactions increasing Government assets (including changes in retained accounts) 7 (line A45) 0 0 0 0 0 0 0

12 Associated with other liabilities 0 0 0 0 0 0 0 13 Sales of nuclear material by Department of EnergyUS Enrichment Corporation 8 14 Sales of space launch and other services by National Aeronautics and Space Administration 0 0 0 0 0 0 0 15 Other sales and miscellaneous operations 10 0 0 0 0 0 0 0

See the footnotes on pages 92ndash93

78 US International Transactions October 2012

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashContinues [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

US direct investment abroad 1 Income (table 1 line 14) 480238 117784 126836 120297 115321 115660 117439 118621 123417 119106 119094 116321 114293 2 Earnings 473283 116131 125071 118549 113532 113794 115497 116969 121652 117357 117304 114456 112351 3 Distributed earnings 124644 23504 22427 22871 55842 23865 21390 32210 27222 33572 31641 32869 27378 4 Reinvested earnings 348639 92627 102644 95678 57690 89929 94107 84759 94430 83786 85664 81587 84973 5 Reinvested earnings without current-cost adjustment 325963 86892 96963 90037 52071 84286 88464 79024 88749 78145 80045 75944 79330 6 Current-cost adjustment 22676 5735 5681 5641 5619 5643 5643 5735 5681 5641 5619 5643 5643 7 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 8 US parentsrsquo receipts 9283 2227 2339 2330 2388 2441 2514 2227 2339 2330 2388 2441 2514 9 US parentsrsquo payments ndash2328 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572 ndash574 ndash574 ndash581 ndash599 ndash576 ndash572

10 Income without current-cost adjustment 457562 112049 121155 114656 109702 110017 111796 112886 117736 113465 113475 110678 108650 11 Manufacturing 73806 17966 18899 20074 16867 17028 18022 18913 18394 18633 17866 17837 17522 12 Wholesale trade 29989 7093 7704 7682 7510 7426 7811 7646 7305 7889 7149 7880 7533 13 Finance (including depository institutions) and insurance 43794 10295 12580 11150 9769 11997 10863 10264 11780 10753 10997 11970 10134 14 Holding companies except bank holding companies 221295 56322 59376 52965 52633 51753 53045 55691 57661 53403 54541 51180 51405 15 Other 88678 20373 22596 22786 22922 21812 22056 20373 22596 22786 22922 21812 22056

16 Earnings without current-cost adjustment (line 2 less line 6) 450607 110396 119390 112908 107913 108151 109854 111234 115971 111716 111685 108813 106708 17 Manufacturing 73186 17813 18746 19933 16693 16878 17898 18761 18241 18492 17692 17686 17399 18 Wholesale trade 29714 7033 7631 7613 7437 7330 7722 7586 7232 7821 7075 7783 7445 19 Finance (including depository institutions) and insurance 43417 10189 12489 11058 9681 11912 10710 10158 11689 10662 10909 11885 9981 20 Holding companies except bank holding companies 217489 55471 58407 51986 51626 50686 51960 54839 56692 52424 53534 50112 50320 21 Other 86801 19890 22117 22318 22476 21346 21564 19890 22117 22318 22476 21346 21564

22 Interest 6955 1652 1765 1748 1789 1866 1942 1652 1765 1748 1789 1866 1942 23 Manufacturing 620 153 153 141 174 150 123 153 153 141 174 150 123 24 Wholesale trade 275 59 73 69 74 96 89 59 73 69 74 96 89 25 Finance (including depository institutions) and insurance 1 377 106 91 92 88 85 153 106 91 92 88 85 153 26 Holding companies except bank holding companies 3806 851 969 978 1007 1068 1085 851 969 978 1007 1068 1085 27 Other 1877 483 479 468 447 466 492 483 479 468 447 466 492 28 Financial flows (table 1 line 51) ndash419332 ndash112272 ndash141610 ndash82216 ndash83234 ndash124436 ndash88364 ndash104404 ndash133397 ndash70323 ndash111208 ndash116094 ndash79229 29 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 30 Increases in equity ndash96679 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 ndash12925 ndash41213 ndash16422 ndash26120 ndash15658 ndash17455 31 Decreases in equity 44289 10804 9498 15550 8437 9955 3899 10804 9498 15550 8437 9955 3899 32 Reinvested earnings (line 4 with sign reversed) ndash348639 ndash92627 ndash102644 ndash95678 ndash57690 ndash89929 ndash94107 ndash84759 ndash94430 ndash83786 ndash85664 ndash81587 ndash84973 33 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 34 US parentsrsquo receivables ndash51927 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 ndash30513 ndash18792 1262 ndash3885 ndash17806 13797 35 US parentsrsquo payables 33625 12990 11539 13072 ndash3976 ndash10998 5502 12990 11539 13072 ndash3976 ndash10998 5502

36 Financial flows without current-cost adjustment ndash396656 ndash106537 ndash135929 ndash76575 ndash77615 ndash118793 ndash82721 ndash98669 ndash127716 ndash64682 ndash105589 ndash110451 ndash73586 37 Manufacturing ndash59177 ndash16194 ndash18091 ndash13990 ndash10902 ndash26301 ndash12029 ndash15541 ndash17844 ndash11563 ndash14229 ndash25696 ndash11657 38 Wholesale trade ndash24274 ndash5575 ndash9735 ndash4201 ndash4762 ndash13024 ndash7336 ndash5524 ndash9400 ndash4178 ndash5172 ndash12642 ndash7057 39 Finance (including depository institutions) and insurance ndash28020 ndash14300 ndash10263 ndash1251 ndash2206 ndash12624 ndash10334 ndash13175 ndash8485 1349 ndash7709 ndash11461 ndash9030 40 Holding companies except bank holding companies ndash207586 ndash56964 ndash63460 ndash40885 ndash46277 ndash41493 ndash42723 ndash50998 ndash58733 ndash35655 ndash62199 ndash35138 ndash36610 41 Other ndash77600 ndash13505 ndash34380 ndash16247 ndash13468 ndash25350 ndash10299 ndash13431 ndash33254 ndash14635 ndash16280 ndash25515 ndash9231

42 Equity ndash52391 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 ndash2121 ndash31714 ndash872 ndash17683 ndash5703 ndash13555 43 Manufacturing ndash10282 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 ndash971 ndash3324 ndash3089 ndash2898 ndash187 ndash1084 44 Wholesale trade ndash196 1012 ndash731 ndash360 ndash117 ndash36 ndash165 1012 ndash731 ndash360 ndash117 ndash36 ndash165 45 Finance (including depository institutions) and insurance 3005 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 ndash738 ndash3222 8572 ndash1606 ndash1813 ndash1475 46 Holding companies except bank holding companies ndash29277 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 ndash2123 ndash10807 ndash4484 ndash11863 ndash224 ndash9833 47 Other ndash15641

48 Reinvested earnings without current-cost adjustment (line 5

699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998 699 ndash13630 ndash1510 ndash1199 ndash3443 ndash998

with sign reversed) ndash325963 ndash86892 ndash96963 ndash90037 ndash52071 ndash84286 ndash88464 ndash79024 ndash88749 ndash78145 ndash80045 ndash75944 ndash79330 49 Manufacturing ndash55516 ndash15571 ndash12341 ndash16403 ndash11200 ndash15084 ndash15008 ndash14919 ndash12094 ndash13976 ndash14527 ndash14479 ndash14637 50 Wholesale trade ndash23262 ndash6343 ndash5714 ndash5598 ndash5608 ndash6423 ndash5596 ndash6292 ndash5379 ndash5575 ndash6017 ndash6040 ndash5317 51 Finance (including depository institutions) and insurance ndash24211 ndash7544 ndash9071 ndash8164 568 ndash8364 ndash8540 ndash6420 ndash7293 ndash5564 ndash4935 ndash7201 ndash7237 52 Holding companies except bank holding companies ndash156816 ndash43701 ndash51718 ndash40749 ndash20648 ndash37529 ndash40949 ndash37735 ndash46991 ndash35520 ndash36570 ndash31174 ndash34836 53 Other ndash66157 ndash13733 ndash18120 ndash19122 ndash15183 ndash16886 ndash18371 ndash13659 ndash16993 ndash17510 ndash17995 ndash17050 ndash17303

54 Intercompany debt ndash18303 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 ndash17524 ndash7252 14334 ndash7861 ndash28804 19299 55 Manufacturing 6620 348 ndash2426 5502 3196 ndash11030 4064 348 ndash2426 5502 3196 ndash11030 4064 56 Wholesale trade ndash815 ndash244 ndash3290 1757 963 ndash6566 ndash1574 ndash244 ndash3290 1757 963 ndash6566 ndash1574 57 Finance (including depository institutions) and insurance 2 ndash6814 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 ndash6017 2030 ndash1659 ndash1168 ndash2446 ndash318 58 Holding companies except bank holding companies ndash21492 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 ndash11139 ndash935 4348 ndash13766 ndash3739 8058 59 Other 4199 ndash471 ndash2630 4386 2914 ndash5022 9070 ndash471 ndash2630 4386 2914 ndash5022 9070

60 Royalties and license fees net 66130 15584 17100 16678 16768 15386 15879 15975 17181 16669 16305 15787 15954 61 US parentsrsquo receipts (table 1 part of line 9) 73091 17127 18725 18553 18687 17253 17825 17518 18805 18544 18224 17654 17899 62 US parentsrsquo payments (table 1 part of line 26) ndash6962 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945 ndash1543 ndash1625 ndash1875 ndash1919 ndash1867 ndash1945

63 Other private services net 1656 1528 641 ndash613 101 1120 391 1108 879 ndash509 179 643 628 64 US parentsrsquo receipts (table 1 part of line 10) 58902 14117 14634 14260 15890 14962 15608 14603 14754 14553 14992 15450 15718 65 US parentsrsquo payments (table 1 part of line 27) ndash57245 ndash12590 ndash13993 ndash14874 ndash15789 ndash13842 ndash15217 ndash13495 ndash13874 ndash15063 ndash14814 ndash14807 ndash15091

See the footnotes on pages 92ndash93

79 October 2012 SURVEY OF CURRENT BUSINESS

Table 7 Direct Investment Income Financial Flows Royalties and License Fees and Other Private ServicesmdashTable Ends [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted Seasonally adjusted

2011 2012 2011 2012

I II III IV I r II p I II III IV I r II p

Foreign direct investment in the United States 66 Income (table 1 line 31) ndash158559 ndash37147 ndash45195 ndash39946 ndash36272 ndash41962 ndash39144 ndash39891 ndash43855 ndash38261 ndash36552 ndash45585 ndash37919 67 Earnings ndash132889 ndash31715 ndash38625 ndash33092 ndash29457 ndash35678 ndash32479 ndash33922 ndash37236 ndash31448 ndash30283 ndash38556 ndash31221 68 Distributed earnings ndash45500 ndash6356 ndash11011 ndash10722 ndash17411 ndash8671 ndash12651 ndash9436 ndash12068 ndash14213 ndash9783 ndash12745 ndash15395 69 Reinvested earnings ndash87389 ndash25359 ndash27614 ndash22370 ndash12046 ndash27007 ndash19829 ndash24486 ndash25168 ndash17235 ndash20500 ndash25811 ndash15826 70 Reinvested earnings without current-cost adjustment ndash80338 ndash23529 ndash25842 ndash20637 ndash10330 ndash25251 ndash18066 ndash22656 ndash23396 ndash15502 ndash18784 ndash24055 ndash14063 71 Current-cost adjustment ndash7051 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 ndash1830 ndash1772 ndash1733 ndash1716 ndash1756 ndash1763 72 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 73 US affiliatesrsquo payments ndash30005 ndash6234 ndash7717 ndash7996 ndash8058 ndash7425 ndash7785 ndash6772 ndash7767 ndash7955 ndash7511 ndash8170 ndash7818 74 US affiliatesrsquo receipts 4335 802 1148 1142 1243 1141 1120 802 1148 1142 1243 1141 1120

75 Income without current-cost adjustment ndash151508 ndash35317 ndash43423 ndash38213 ndash34556 ndash40206 ndash37381 ndash38061 ndash42083 ndash36528 ndash34836 ndash43829 ndash36156 76 Manufacturing ndash64899 ndash12720 ndash16789 ndash18633 ndash16757 ndash17145 ndash16242 ndash15303 ndash15493 ndash16911 ndash17192 ndash20617 ndash15061 77 Wholesale trade ndash16259 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 ndash3407 ndash4878 ndash5134 ndash2841 ndash3965 ndash4407 78 Finance (including depository institutions) and insurance ndash21752 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 ndash8110 ndash9052 ndash1365 ndash3224 ndash7052 ndash3540 79 Other ndash48598 ndash11079 ndash12703 ndash13082 ndash11734 ndash12044 ndash13192 ndash11241 ndash12660 ndash13119 ndash11579 ndash12195 ndash13147

80 Earnings without current-cost adjustment (line 67 less line 71) ndash125838 ndash29885 ndash36853 ndash31359 ndash27741 ndash33922 ndash30716 ndash32092 ndash35464 ndash29715 ndash28567 ndash36800 ndash29458 81 Manufacturing ndash55386 ndash10798 ndash14394 ndash16015 ndash14178 ndash14244 ndash13364 ndash13005 ndash13005 ndash14370 ndash15005 ndash17122 ndash12106 82 Wholesale trade ndash14661 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 ndash3041 ndash4366 ndash4830 ndash2425 ndash3532 ndash3888 83 Finance (including depository institutions) and insurance ndash20365 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 ndash7804 ndash8783 ndash914 ndash2864 ndash6894 ndash3400 84 Other ndash35426 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065 ndash8242 ndash9310 ndash9601 ndash8274 ndash9252 ndash10065

85 Interest ndash25670 ndash5432 ndash6569 ndash6854 ndash6815 ndash6284 ndash6665 ndash5970 ndash6619 ndash6813 ndash6268 ndash7029 ndash6698 86 Manufacturing ndash9514 ndash1922 ndash2395 ndash2618 ndash2579 ndash2901 ndash2878 ndash2298 ndash2488 ndash2541 ndash2187 ndash3495 ndash2956 87 Wholesale trade ndash1598 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 ndash366 ndash512 ndash304 ndash416 ndash433 ndash520 88 Finance (including depository institutions) and insurance 1 ndash1386 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 ndash307 ndash270 ndash450 ndash360 ndash159 ndash140 89 Other ndash13172 ndash2838 ndash3393 ndash3481 ndash3460 ndash2792 ndash3127 ndash2999 ndash3350 ndash3518 ndash3305 ndash2943 ndash3082

90 Financial flows (table 1 line 64) 233988 34239 63727 68357 67665 23398 37482 33365 61281 63222 76120 22202 33479 91 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 92 Increases in equity 132936 17222 36517 35875 43322 15340 18046 17222 36517 35875 43322 15340 18046 93 Decreases in equity ndash39712 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 ndash9645 ndash6036 ndash10328 ndash13703 ndash13320 ndash6410 94 Reinvested earnings (line 69 with sign reversed) 87389 25359 27614 22370 12046 27007 19829 24486 25168 17235 20500 25811 15826 95 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 96 US affiliatesrsquo payables 43290 11769 7883 7075 16563 7349 14733 11769 7883 7075 16563 7349 14733 97 US affiliatesrsquo receivables 10085 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715 ndash10466 ndash2251 13365 9436 ndash12978 ndash8715

98 Financial flows without current-cost adjustment 226937 32409 61955 66624 65949 21642 35719 31535 59509 61489 74404 20446 31716 99 Manufacturing 90883 13314 22501 34763 20305 4194 18099 13977 19299 31624 25983 5897 13762

100 Wholesale trade 25675 5885 4278 ndash211 15723 7844 3673 5885 4278 ndash211 15723 7844 3673 101 Finance (including depository institutions) and insurance 26470 4236 9275 4803 8156 ndash5065 5212 3421 9488 4363 9198 ndash6455 5039 102 Other 83908 8973 25900 27269 21765 14669 8735 8251 26443 25713 23500 13159 9242

103 Equity 93224 7576 30481 25547 29620 2019 11636 7576 30481 25547 29620 2019 11636 104 Manufacturing 35349 5742 11529 6542 11536 ndash39 5875 5742 11529 6542 11536 ndash39 5875 105 Wholesale trade ndash67 370 878 ndash2425 1111 866 ndash77 370 878 ndash2425 1111 866 ndash77 106 Finance (including depository institutions) and insurance 23959 2776 5921 10935 4326 ndash7581 5007 2776 5921 10935 4326 ndash7581 5007 107 Other 33983 ndash1312 12153 10495 12647 8773 831 ndash1312 12153 10495 12647 8773 831

108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 80338 23529 25842 20637 10330 25251 18066 22656 23396 15502 18784 24055 14063

109 Manufacturing 39912 8869 12425 14871 3748 11842 9086 9532 9223 11732 9426 13545 4749 110 Wholesale trade 9572 2669 3983 1139 1781 3052 3517 2669 3983 1139 1781 3052 3517 111 Finance (including depository institutions) and insurance 5528 5221 3553 ndash3602 356 3718 ndash1022 4407 3766 ndash4043 1398 2328 ndash1195 112 Other 25326 6770 5881 8230 4445 6639 6484 6048 6424 6673 6180 5130 6991

113 Intercompany debt 53374 1303 5632 20440 25999 ndash5628 6018 1303 5632 20440 25999 ndash5628 6018 114 Manufacturing 15621 ndash1297 ndash1453 13350 5021 ndash7609 3138 ndash1297 ndash1453 13350 5021 ndash7609 3138 115 Wholesale trade 16170 2846 ndash583 1075 12831 3926 233 2846 ndash583 1075 12831 3926 233 116 Finance (including depository institutions) and insurance 2 ndash3017 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 ndash3761 ndash200 ndash2530 3474 ndash1201 1227 117 Other 24599 3515 7867 8544 4673 ndash744 1420 3515 7867 8544 4673 ndash744 1420

118 Royalties and license fees net ndash15266 ndash4024 ndash3523 ndash3688 ndash4031 ndash3920 ndash3926 ndash4080 ndash3561 ndash3927 ndash3698 ndash3994 ndash3965 119 US affiliatesrsquo payments (table 1 part of line 26) ndash19253 ndash5032 ndash4398 ndash4596 ndash5227 ndash5220 ndash5287 ndash5088 ndash4437 ndash4834 ndash4894 ndash5294 ndash5327 120 US affiliatesrsquo receipts (table 1 part of line 9) 3988 1008 875 908 1196 1300 1362 1008 875 908 1196 1300 1362

121 Other private services net 4611 1565 1082 1291 673 601 575 1684 1137 1217 573 676 703 122 US affiliatesrsquo payments (table 1 part of line 27) ndash24910 ndash5564 ndash6149 ndash6184 ndash7013 ndash6528 ndash6629 ndash5774 ndash6344 ndash6301 ndash6491 ndash6779 ndash6828 123 US affiliatesrsquo receipts (table 1 part of line 10) 29521 7129 7231 7475 7687 7128 7204 7458 7481 7518 7064 7455 7531

See the footnotes on pages 92ndash93

80 US International Transactions October 2012

Table 8 Transactions in Long-Term Securities [Millions of dollars]

Line (Credits + debits ndash) 2011

Not seasonally adjusted

2011 2012

I II III IV I r II p

A1 Foreign securities net purchases (ndash) or net sales (+) by US residents (table 1 line 52 or lines 4 + 18 below) ndash146797 ndash85472 ndash57195 ndash40110 35980 3604 5537 2 Stocks gross purchases by US residents 4058569 1115382 1041556 1025031 876600 945740 881122 3 Stocks gross sales by US residents 3969524 1067659 1014406 1002229 885230 930938 860148 4 Stocks net purchases by US residents ndash89045 ndash47723 ndash27150 ndash22802 8630 ndash14802 ndash20974 5 New issues in the United States 1 na na na na na na na 6 Transactions in outstanding stocks net

Net purchases by US residents by area

na na na na na na na

7 Europe ndash25067 ndash26337 ndash2604 ndash5702 9576 ndash2358 ndash15082 8 Of which United Kingdom ndash13396 ndash19159 70 ndash1874 7567 ndash1600 ndash15899 9 Canada ndash5443 ndash1865 ndash372 ndash4436 1230 ndash570 ndash1511

10 Caribbean financial centers 2 ndash35903 3950 ndash20403 ndash18436 ndash1014 2094 ndash3070 11 Latin America excluding Caribbean financial centers ndash5931 ndash4670 320 169 ndash1750 ndash2025 ndash442 12 Asia ndash15100 ndash17825 ndash2663 6056 ndash668 ndash11612 250 13 Of which Japan 4246 ndash5286 3161 6028 343 ndash2486 ndash1332 14 Africa ndash1267 177 323 ndash1659 ndash108 ndash963 ndash335 15 Other ndash334 ndash1153 ndash1751 1206 1364 632 ndash784

16 Bonds gross purchases by US residents 3588896 980857 1002268 812382 793389 952456 924408 17 Bonds gross sales by US residents 3531144 943108 972223 795074 820739 970862 950919 18 Bonds net purchases by US residents ndash57752 ndash37749 ndash30045 ndash17308 27350 18406 26511 19 New issues in the United States 1 na na na na na na na 20 Transactions in outstanding bonds net

Net purchases by US residents by area

na na na na na na na

21 Europe ndash57116 ndash38199 ndash44480 ndash3521 29084 32726 ndash6380 22 Of which United Kingdom ndash69861 ndash28228 ndash40030 ndash15810 14207 25939 ndash12477 23 Canada ndash33586 ndash3501 ndash8892 ndash11520 ndash9673 ndash6694 ndash5133 24 Caribbean financial centers 2 19097 6201 10873 ndash755 2778 ndash6681 5324 25 Latin America excluding Caribbean financial centers ndash14169 ndash2362 ndash3442 ndash8420 55 ndash7267 ndash367 26 Asia 27885 2618 12813 8227 4227 7667 20602 27 Of which Japan ndash1609 ndash4247 1335 1706 ndash403 2740 740 28 Africa ndash336 729 ndash394 ndash495 ndash176 561 1095 29 Other 473 ndash3235 3477 ndash824 1055 ndash1906 11370 B1 US securities excluding transactions in US Treasury securities and transactions of foreign official agencies net

purchases (+) or net sales (ndash) by foreign residents (table 1 line 66 or lines 4 + 16 + 30 below) ndash56442 4338 ndash5108 ndash20396 ndash35276 3654 ndash43174

2 Stocks gross purchases by foreign residents 7694549 1895452 1924179 2139525 1735393 1754294 1771458 3 Stocks gross sales by foreign residents 7682151 1863304 1898511 2167803 1752533 1735411 1780038 4 Stocks net purchases by foreign residents

Net purchases by foreign residents by area

12398 32148 25668 ndash28278 ndash17140 18883 ndash8580

5 Europe ndash36934 9946 6908 ndash35533 ndash18255 15866 1499 6 Of which United Kingdom 2176 12238 5819 ndash10024 ndash5857 9807 4064 7 Canada 14831 4147 9949 337 398 2886 2291 8 Caribbean financial centers 2 30486 20509 4055 2837 3085 4908 ndash12630 9 Latin America excluding Caribbean financial centers 860 1926 654 ndash1259 ndash461 ndash106 627

10 Asia 1996 ndash4304 2677 5200 ndash1577 ndash5643 281 11 Of which Japan 3067 ndash1330 13 4493 ndash109 ndash5568 ndash1853 12 Africa 801 50 88 ndash245 908 64 170 13 Other 358 ndash126 1337 385 ndash1238 908 ndash818

14 Corporate bonds gross purchases by foreign residents 956647 289671 276332 213212 177432 262482 206683 15 Corporate bonds gross sales by foreign resident